Group 1 - The report highlights that all four active quantitative strategies outperformed the equity mixed fund index this week, with absolute returns of 4.86% for the Excellent Fund Performance Enhancement Portfolio, 5.13% for the Exceeding Expectations Selected Portfolio, 5.39% for the Brokerage Golden Stock Performance Enhancement Portfolio, and 5.98% for the Growth and Stability Portfolio [1][2][17] - Year-to-date, the Excellent Fund Performance Enhancement Portfolio ranks in the 42.03 percentile among active equity funds, while the Exceeding Expectations Selected Portfolio ranks in the 38.48 percentile, the Brokerage Golden Stock Performance Enhancement Portfolio ranks in the 35.18 percentile, and the Growth and Stability Portfolio ranks in the 28.46 percentile [1][2][17] Group 2 - The Excellent Fund Performance Enhancement Portfolio is constructed by benchmarking against active equity funds rather than broad indices, utilizing quantitative methods to enhance performance based on the holdings of top-performing funds [3][18] - The Exceeding Expectations Selected Portfolio is built by screening stocks based on exceeding expectations events and analyst profit upgrades, focusing on both fundamental and technical criteria to select stocks that show strong support [4][25] - The Brokerage Golden Stock Performance Enhancement Portfolio uses a stock pool from brokerage recommendations, optimizing the combination to minimize deviation from the stock pool while aiming to outperform the equity mixed fund index [5][33] - The Growth and Stability Portfolio employs a two-dimensional evaluation system for growth stocks, prioritizing stocks closer to their earnings report dates and using multi-factor scoring to select high-quality stocks [6][40] Group 3 - The report provides performance statistics for each strategy, indicating that the Excellent Fund Performance Enhancement Portfolio achieved an annualized return of 21.40% from 2012 to 2025, outperforming the equity mixed fund index by 9.85% [55] - The Exceeding Expectations Selected Portfolio recorded an annualized return of 35.09% from 2010 to 2025, exceeding the equity mixed fund index by 23.98% [60] - The Brokerage Golden Stock Performance Enhancement Portfolio achieved an annualized return of 21.71% from 2018 to 2025, outperforming the equity mixed fund index by 14.18% [65] - The Growth and Stability Portfolio achieved an annualized return of 40.56% from 2012 to 2025, exceeding the equity mixed fund index by 26.33% [70]

Core Viewpoint - The report tracks the performance of various active quantitative strategies by GuoXin JinGong, aiming to outperform the median returns of actively managed equity funds, with a focus on four specific strategies: Excellent Fund Performance Enhancement, Unexpected Selection, Broker Golden Stock Performance Enhancement, and Steady Growth Combination [2][3]. Group 1: Performance Overview - The Excellent Fund Performance Enhancement strategy achieved an absolute return of 4.86% this week, with a relative excess return of 0.06% compared to the mixed equity fund index [3][13]. - The Unexpected Selection strategy recorded an absolute return of 5.13% this week, with a relative excess return of 0.34% [3][24]. - The Broker Golden Stock Performance Enhancement strategy had an absolute return of 5.39% this week, with a relative excess return of 0.60% [3][34]. - The Steady Growth Combination strategy achieved an absolute return of 5.98% this week, with a relative excess return of 1.19% [3][43]. - Year-to-date, the Excellent Fund Performance Enhancement strategy ranks in the 42.03 percentile among active equity funds, while the Unexpected Selection ranks in the 38.48 percentile, Broker Golden Stock in the 35.18 percentile, and Steady Growth in the 28.46 percentile [3][13][24][34][43]. Group 2: Strategy Details - The Excellent Fund Performance Enhancement strategy benchmarks against the median returns of actively managed equity funds, utilizing a quantitative approach to enhance performance based on the holdings of top-performing funds [8][49]. - The Unexpected Selection strategy focuses on selecting stocks that show both fundamental support and technical resonance, aiming to build a portfolio of stocks with unexpected performance [18][53]. - The Broker Golden Stock Performance Enhancement strategy uses a stock pool from broker recommendations, optimizing the selection to control deviations from the overall market performance [26][58]. - The Steady Growth Combination strategy employs a two-dimensional evaluation system for growth stocks, prioritizing those with upcoming earnings announcements to capture potential excess returns [35][64].

主动量化策略周报 年度收官，四大主动量化组合本年均战胜主动股基中位数 证券研究报告 | 2026年01月03日 核心观点 金融工程周报 国信金工主动量化策略表现跟踪： 本周，优秀基金业绩增强组合绝对收益-0.14%，相对偏股混合型基金指数超 额收益 0.50%。本年，优秀基金业绩增强组合绝对收益 31.88%，相对偏股 混合型基金指数超额收益-1.31%。今年以来，优秀基金业绩增强组合在主动 股基中排名 47.33%分位点（1642/3469）。 本周，超预期精选组合绝对收益-1.52%，相对偏股混合型基金指数超额收益 -0.89%。本年，超预期精选组合绝对收益 42.21%，相对偏股混合型基金指 数超额收益 9.02%。今年以来，超预期精选组合在主动股基中排名 30.33% 分位点（1052/3469）。 本周，券商金股业绩增强组合绝对收益-0.67%，相对偏股混合型基金指数超 额收益-0.04%。本年，券商金股业绩增强组合绝对收益 40.66%，相对偏股 混合型基金指数超额收益 7.47%。今年以来，券商金股业绩增强组合在主动 股基中排名 32.60%分位点（1131/3469）。 本周，成长稳健组合绝对 ...

一、国信金工主动量化策略表现跟踪 本周， 优秀基金业绩增强组合 绝对收益-0.14%，相对偏股混合型基金指数超额收 益0.50%。本年，优秀基金业绩增强组合绝对收益31.88%，相对偏股混合型基金 指数超额收益-1.31%。 今年以来，优秀基金业绩增强组合在主动股基中排名 47.33%分位点（1642/3469）。 本周， 超预期精选组合 绝对收益-1.52%，相对偏股混合型基金指数超额收 益-0.89%。本年，超预期精选组合绝对收益42.21%，相对偏股混合型基金指数超 额收益9.02%。 今年以来，超预期精选组合在主动股基中排名30.33%分位点 （1052/3469）。 本周， 券商金股业绩增强组合 绝对收益-0.67%，相对偏股混合型基金指数超额收 益-0.04%。本年，券商金股业绩增强组合绝对收益40.66%，相对偏股混合型基金 指数超额收益7.47%。 今年以来，券商金股业绩增强组合在主动股基中排名 32.60%分位点（1131/3469）。 本周， 成长稳健组合 绝对收益0.09%，相对偏股混合型基金指数超额收益 0.73%。本年，成长稳健组合绝对收益55.66%，相对偏股混合型基金指数超额收 ...

证券研究报告 | 2025年12月27日 主动量化策略周报 科创板块领涨，四大主动量化组合本周均战胜股基指数 核心观点 金融工程周报 国信金工主动量化策略表现跟踪： 本周，优秀基金业绩增强组合绝对收益 3.01%，相对偏股混合型基金指数超 额收益 0.33%。本年，优秀基金业绩增强组合绝对收益 32.05%，相对偏股 混合型基金指数超额收益-1.98%。今年以来，优秀基金业绩增强组合在主动 股基中排名 48.34%分位点（1677/3469）。 本周，超预期精选组合绝对收益 2.92%，相对偏股混合型基金指数超额收益 0.24%。本年，超预期精选组合绝对收益 44.40%，相对偏股混合型基金指 数超额收益 10.36%。今年以来，超预期精选组合在主动股基中排名 28.39% 分位点（985/3469）。 本周，券商金股业绩增强组合绝对收益 4.59%，相对偏股混合型基金指数超 额收益 1.91%。本年，券商金股业绩增强组合绝对收益 41.60%，相对偏股 混合型基金指数超额收益 7.57%。今年以来，券商金股业绩增强组合在主动 股基中排名 32.69%分位点（1134/3469）。 本周，成长稳健组合绝对收益 ...

一、国信金工主动量化策略表现跟踪 本周， 优秀基金业绩增强组合 绝对收益3.01%，相对偏股混合型基金指数超额收 益0.33%。本年，优秀基金业绩增强组合绝对收益32.05%，相对偏股混合型基金 指数超额收益-1.98%。 今年以来，优秀基金业绩增强组合在主动股基中排名 48.34%分位点（1677/3469）。 本周， 超预期精选组合 绝对收益2.92%，相对偏股混合型基金指数超额收益 0.24%。本年，超预期精选组合绝对收益44.40%，相对偏股混合型基金指数超额 收益10.36%。 今年以来，超预期精选组合在主动股基中排名28.39%分位点 （985/3469）。 本周， 券商金股业绩增强组合 绝对收益4.59%，相对偏股混合型基金指数超额收 益1.91%。本年，券商金股业绩增强组合绝对收益41.60%，相对偏股混合型基金 指数超额收益7.57%。 今年以来，券商金股业绩增强组合在主动股基中排名 32.69%分位点（1134/3469）。 本周， 成长稳健组合 绝对收益3.07%，相对偏股混合型基金指数超额收益 0.39%。本年，成长稳健组合绝对收益55.51%，相对偏股混合型基金指数超额收 益 21. ...

证券研究报告 | 2025年12月20日 主动量化策略周报 股强基弱，优基增强组合近期超额持续攀升 国信金工主动量化策略表现跟踪： 本周，优秀基金业绩增强组合绝对收益-0.12%，相对偏股混合型基金指数超 额收益 0.49%。本年，优秀基金业绩增强组合绝对收益 28.19%，相对偏股 混合型基金指数超额收益-2.35%。今年以来，优秀基金业绩增强组合在主动 股基中排名 48.46%分位点（1681/3469）。 本周，超预期精选组合绝对收益-1.06%，相对偏股混合型基金指数超额收益 -0.45%。本年，超预期精选组合绝对收益 40.29%，相对偏股混合型基金指 数超额收益 9.76%。今年以来，超预期精选组合在主动股基中排名 27.15% 分位点（942/3469）。 本周，券商金股业绩增强组合绝对收益-0.99%，相对偏股混合型基金指数超 额收益-0.38%。本年，券商金股业绩增强组合绝对收益 35.38%，相对偏股 混合型基金指数超额收益 4.85%。今年以来，券商金股业绩增强组合在主动 股基中排名 34.56%分位点（1199/3469）。 本周，成长稳健组合绝对收益 0.73%，相对偏股混合型基金指 ...

一、国信金工主动量化策略表现跟踪 本周， 优秀基金业绩增强组合 绝对收益-0.12%，相对偏股混合型基金指数超额收 益0.49%。本年，优秀基金业绩增强组合绝对收益28.19%，相对偏股混合型基金 指数超额收益-2.35%。 今年以来，优秀基金业绩增强组合在主动股基中排名 48.46%分位点（1681/3469）。 本周， 超预期精选组合 绝对收益-1.06%，相对偏股混合型基金指数超额收 益-0.45%。本年，超预期精选组合绝对收益40.29%，相对偏股混合型基金指数超 额收益9.76%。 今年以来，超预期精选组合在主动股基中排名27.15%分位点 （942/3469）。 本周， 券商金股业绩增强组合 绝对收益-0.99%，相对偏股混合型基金指数超额收 益-0.38%。本年，券商金股业绩增强组合绝对收益35.38%，相对偏股混合型基金 指数超额收益4.85%。 今年以来，券商金股业绩增强组合在主动股基中排名 34.56%分位点（1199/3469）。 本周， 成长稳健组合 绝对收益0.73%，相对偏股混合型基金指数超额收益 1.34%。本年，成长稳健组合绝对收益50.88%，相对偏股混合型基金指数超额收 益 ...

Group 1 - The core viewpoint of the article is to track the performance of various active quantitative strategies developed by GuoXin Securities, which aim to outperform the median returns of actively managed equity funds [2][3][5] - The report includes four main strategies: Excellent Fund Performance Enhancement Portfolio, Super Expectation Selection Portfolio, Broker Golden Stock Performance Enhancement Portfolio, and Growth Stability Portfolio [2][3][5] Group 2 Excellent Fund Performance Enhancement Portfolio - This portfolio aims to benchmark against the median returns of actively managed equity funds, utilizing quantitative methods to enhance performance based on the holdings of top-performing funds [6][32] - As of this week, the portfolio achieved an absolute return of 2.14% and a relative excess return of 1.44% against the mixed equity fund index [11][19] - Year-to-date, the portfolio has an absolute return of 28.34%, with a relative excess return of -3.00%, ranking in the 49.90th percentile among 3,469 active equity funds [11][19] Super Expectation Selection Portfolio - This portfolio selects stocks based on super expectation events and analyst upgrades, focusing on both fundamental and technical criteria to identify stocks with strong support [13][39] - For the week, the portfolio recorded an absolute return of 0.72% and a relative excess return of 0.01% against the mixed equity fund index [19][40] - Year-to-date, it has achieved an absolute return of 41.78% and a relative excess return of 10.44%, ranking in the 26.58th percentile among active equity funds [19][40] Broker Golden Stock Performance Enhancement Portfolio - This strategy utilizes a stock pool from broker recommendations, optimizing the portfolio to minimize deviations from the stock pool while aiming to outperform the ordinary equity fund index [16][41] - This week, the portfolio achieved an absolute return of 1.62% and a relative excess return of 0.91% against the mixed equity fund index [20][44] - Year-to-date, it has an absolute return of 36.74% and a relative excess return of 5.40%, ranking in the 34.33rd percentile among active equity funds [20][44] Growth Stability Portfolio - This portfolio employs a two-dimensional evaluation system for growth stocks, prioritizing stocks closer to their earnings report dates to capture potential excess returns [25][45] - For the week, it recorded an absolute return of 0.09% and a relative excess return of -0.62% against the mixed equity fund index [28][46] - Year-to-date, the portfolio has achieved an absolute return of 49.78% and a relative excess return of 18.45%, ranking in the 17.50th percentile among active equity funds [28][46]

本周，成长稳健组合绝对收益 0.09%，相对偏股混合型基金指数超额收益 -0.62%。本年，成长稳健组合绝对收益 49.78%，相对偏股混合型基金指数 超额收益 18.45%。今年以来，成长稳健组合在主动股基中排名 17.50%分位 点（607/3469）。 证券研究报告 | 2025年12月13日 主动量化策略周报 基金强股票弱，优基增强组合本周相对股基指数超额 1.44% 核心观点 金融工程周报 国信金工主动量化策略表现跟踪： 本周，优秀基金业绩增强组合绝对收益 2.14%，相对偏股混合型基金指数超 额收益 1.44%。本年，优秀基金业绩增强组合绝对收益 28.34%，相对偏股 混合型基金指数超额收益-3.00%。今年以来，优秀基金业绩增强组合在主动 股基中排名 49.90%分位点（1731/3469）。 本周，超预期精选组合绝对收益 0.72%，相对偏股混合型基金指数超额收益 0.01%。本年，超预期精选组合绝对收益 41.78%，相对偏股混合型基金指 数超额收益 10.44%。今年以来，超预期精选组合在主动股基中排名 26.58% 分位点（922/3469）。 本周，券商金股业绩增强组合绝对收益 1. ...