拉长时间看，截至1月6日，创业板ETF天弘(159977)近2周规模增长4.19亿元，近2周份额增长1.06亿份，实现显著增长。 资金流入方面，创业板ETF天弘(159977)近5个交易日合计"吸金"近2亿元。 截至2026年1月7日 14:15，创业板ETF天弘(159977)成交1.64亿元。跟踪的创业板指数(399006)上涨0.21%，成分股南大光电 (300346)上涨19.57%，中伟股份(300919)上涨11.83%，鼎龙股份(300054)上涨11.57%，珂玛科技(301611)上涨9.09%，大族数控 (301200)上涨7.06%。 【机构观点】 东方财富证券指出，春季躁动"抢跑"意味着行情的启动时点前移至上一年的11月或12月，近期春季行情的"抢跑"本质是在政策 预期乐观且景气主线明朗的背景下，由增量资金推动的一次估值上修。 政策预期方面，市场期待较高的中央经济工作会议延续积极定调；宏观流动性层面，全球与国内流动性环境宽松共振；景气线 索方面，市场呈现出科技成长与周期修复多线并进的结构。 资金面，机构和杠杆资金的边际增量入场迹象明显，居民存款搬家可能是重要增量，ETF成为本轮行情重要 ...

③开年以来消费、家电、汽车、房地产等化工主要下游均有望迎来政策发力，行业需求有望受益于下游 改善，价格有望回暖。 化工ETF天弘(159133)跟踪细分化工指数，基础化工、石油石化、电力设备三大申万一级行业占比超 93%，农药、化肥、涂料、新能源材料、高性能塑料等化工全产业链布局，精选50只成份股，既包含万 华化学、盐湖股份、天赐材料等龙头公司，又涵盖细分领域优质中小企业，磷化工、氟化工、钾肥、新 能源材料等全覆盖，能更好地抓住化工行业整体的发展红利。 兴业证券指出，2026年化工行业将迎来周期复苏与产业升级的双重机遇。化工品底部区间运行已达三 年，随着"十五五"开局之年国内稳增长政策有望发力，美联储进入降息周期，叠加"反内卷"浪潮的助推 下，化工品传统需求有望温和复苏。 格隆汇1月6日｜今日化工板块延续近期涨势，碳酸锂价格继续上涨，带动化工ETF天弘(159133)跟踪的 标的指数上涨3.14%，自去年12月17日以来累计涨超17%，盘中交易价格再创上市以来新高。该ETF盘 中获资金净申购1450万份，连续4日净流入，合计"吸金"超6400万元。 ①继湖南裕能、万润新能、德方纳米等企业集体宣布1月停产检修后 ...

Group 1 - The core viewpoint of the news highlights the strong performance of the Tianhong Chemical ETF (159133), which saw a turnover of 4.42% and a transaction volume of 26.6075 million yuan, with the underlying index rising by 1.84% to reach a new annual high [1][3] - The Tianhong Chemical ETF has achieved a record high in size at 629 million yuan and a record high in shares at 567 million, with a net inflow of 21.9844 million yuan recently [3] - The chemical sector is characterized by its complexity and rapid rotation, with the Tianhong Chemical ETF tracking 50 leading companies, covering both traditional cyclical sectors and emerging growth areas [3] Group 2 - Recent news indicates that major companies in the lithium iron phosphate industry, including Wanrun New Energy and Hunan Youneng, have announced maintenance and production cuts, with reductions of 35% to 50% planned for January 2026 [3][4] - Research institutions suggest that the collective maintenance in the lithium iron phosphate industry is a response to rising raw material costs, leading to increased operational pressure on companies [4] - The lithium battery supply chain is experiencing a rise in both volume and price, with significant increases in production and prices for lithium carbonate and lithium iron phosphate, indicating a recovery in downstream demand [5]

Group 1 - The chemical sector rebounded strongly, reaching a historical high, with companies like Hengyi Petrochemical, Rongsheng Petrochemical, and Xin Fengming seeing increases of 7%, 5.99%, and 5.4% respectively [1] - The Tianhong Chemical ETF (159133) saw its underlying index rise by 1.63%, marking a historical high, and has accumulated a 12% increase over the past 10 days [1] - The Tianhong Chemical ETF experienced a net subscription of 22.5 million units in a single day, with a total net inflow of 55.25 million yuan over the last 10 days [1] Group 2 - The Tianhong Chemical ETF tracks a specialized chemical index, with over 93% of its holdings in basic chemicals, petroleum and petrochemicals, and electric power equipment [2] - The ETF includes 50 selected constituent stocks, featuring leading companies like Wanhua Chemical and Yalake Co., as well as high-quality small and medium enterprises across various segments of the chemical industry [2] - The ETF covers the entire chemical industry chain, including phosphorous chemicals, fluorine chemicals, potassium fertilizers, and new energy materials, allowing it to capture the overall development dividends of the chemical sector [2]

Group 1 - The core viewpoint of the article highlights the performance of the Tianhong Chemical ETF (159133), which saw a midday recovery with a turnover of 2.88% and a transaction volume of 16.62 million yuan, despite the underlying index (000813) declining by 0.10% [1] - The Tianhong Chemical ETF achieved a record high in scale of 582 million yuan as of December 26, with a significant increase of 8.5 million shares over the past week, indicating strong investor interest [2] - The fund attracted a net subscription of 12.5 million shares in the first half of the trading day, reflecting positive market sentiment towards the chemical sector [1][2] Group 2 - The report from Cinda Securities indicates that the polyester sector experienced a significant increase in production and sales, with downstream demand positively impacting upstream prices, particularly for PX and PTA, while ethylene glycol prices saw a slight decline [3] - According to Everbright Securities, the chemical industry's profitability is expected to recover as inventory levels are low and demand gradually improves, supported by a slowdown in new capacity investments [3] - The agricultural chemicals sector is performing well, with high prices for phosphate and potash fertilizers, while the pesticide industry is entering a recovery phase [4]

Group 1 - The core viewpoint of the news highlights the significant growth and performance of the Tianhong Chemical ETF (159133), which has reached a new high in scale and has seen substantial net inflows recently [3][5]. - As of December 26, 2025, the Tianhong Chemical ETF recorded a turnover of 2.01% with a transaction volume of 11.58 million yuan, while the underlying index, the CSI Sub-Industry Chemical Theme Index (000813), increased by 0.96% [1]. - The Tianhong Chemical ETF has achieved a total scale of 572 million yuan, marking a record high since its inception, with a notable increase of 10 million shares in the past week [3]. Group 2 - The Tianhong Chemical ETF tracks a comprehensive index covering various segments of the chemical industry, including phosphorus chemicals, fluorine chemicals, and fertilizers, providing investors with a way to capitalize on the overall opportunities in the chemical sector [3]. - The index associated with the Tianhong Chemical ETF has a price-to-book ratio of 2.55, which is positioned at the 48.43 percentile over the past decade, indicating a favorable valuation [3]. - The main contract for lithium carbonate futures has seen a continuous rise for five consecutive trading days, with the market sentiment remaining optimistic about future demand, pushing prices higher [6]. Group 3 - The National Development and Reform Commission has encouraged major enterprises in alumina and copper smelting to pursue mergers and acquisitions to enhance their scale and group-level operations, emphasizing the importance of these resource-intensive industries [7]. - Huazhong Securities has pointed out that in 2026, the global macroeconomic environment will face significant uncertainties, suggesting a focus on two investment themes: anti-involution and domestic substitution, as chemical product prices are expected to decline due to pressures on supply and demand [8].

Group 1 - The core viewpoint of the news highlights the significant growth and performance of the Tianhong Chemical ETF (159133), which has seen a notable increase in both scale and share volume recently [1] - As of December 18, the Tianhong Chemical ETF has experienced a scale growth of 36.79 million yuan and a share increase of 27 million units over the past week, indicating strong investor interest [1] - The ETF has recorded continuous net inflows over the last three days, with a peak single-day net inflow of 21.03 million yuan, totaling 28.14 million yuan [1] Group 2 - The Tianhong Chemical ETF tracks the CSI Sub-Industry Chemical Theme Index, which selects listed companies in sectors such as chemical products, chemical fibers, fertilizers, and pesticides, reflecting the overall performance of the chemical industry [1] - The index is characterized by high industry concentration and representativeness, providing an effective reference tool for investors interested in the dynamics of the chemical industry [1] Group 3 - The Tianjin Sinopec South Port Ethylene Project has received its first shipment of imported ethane, marking the operational commencement of its raw material supply system [2] - This development is significant as it aligns with the national energy and chemical strategy during a critical transition period [2] - Huazhang Securities notes that domestic organic silicon capacity is peaking, while leading companies are driving industry recovery, and there is a potential rebound in the polyester chain's prosperity [2]

Group 1 - The core viewpoint of the news highlights the performance of the ChiNext ETF Tianhong (159977), which has seen significant capital inflow despite a decline in the ChiNext Index (399006) by 1.78% [1][2] - As of December 18, 2025, the trading volume of the ChiNext ETF Tianhong reached 161 million yuan, with a notable subscription of 40 million shares [1][2] - The ETF has experienced a growth of 1.26 billion yuan in the past week and an increase of 10.62 billion shares over the last six months, indicating strong demand [2] Group 2 - The ChiNext ETF Tianhong tracks a diverse index that includes high-growth sectors such as pharmaceuticals, new energy, computing power, and brokerage, which are expected to benefit from trends like innovation in pharmaceuticals and strong demand for AI computing power [2] - The current Price-to-Earnings (PE) ratio of the index is 40.51, which is in the relatively undervalued zone at the 33.79% historical percentile since its inception, suggesting attractive investment value [2] - The launch of humanoid robots in CATL's battery production line marks a significant milestone in the application of embodied intelligence in smart manufacturing [4] Group 3 - Institutional views suggest that the market is currently in a high-level consolidation phase, with expectations for a structural bull market in 2026, favoring cyclical and value styles in the first half of the year [4][5] - The economic environment for 2026 is expected to be more balanced and stable, supporting a positive trend in the equity market [5]

Group 1 - The core viewpoint of the news highlights the performance of the Tianhong Chemical ETF (159133), which saw a turnover of 4.91% and a trading volume of 23.71 million yuan as of December 16, 2025, while the tracked index, the CSI Sub-Industry Chemical Theme Index (000813), declined by 1.46% [1] - The Tianhong Chemical ETF (159133) experienced a significant net subscription of 21.5 million units, making it the only product in the Shenzhen market with a net subscription for the same index [1] - Over the past week, the Tianhong Chemical ETF (159133) saw an increase in scale by 6.02 million yuan and an increase in shares by 16.5 million units, indicating strong growth [2] Group 2 - The Ministry of Industry and Information Technology has initiated a project to enhance the innovation of key products in fine chemicals by 2025, aiming to improve the efficiency of technology transfer and promote collaborative innovation in the petrochemical industry [2][3] - The focus of this initiative will be on critical demand areas such as new energy vehicles, medical equipment, mobile communication devices, rail transportation, and marine engineering, targeting 50 advanced and innovative fine chemical products [3] - Guohai Securities believes that the re-evaluation of the Chinese chemical industry could lead to a significant slowdown in global chemical capacity expansion, potentially transforming the industry from a cash-consuming entity to a cash-generating one, with improved dividend yields and resilience in the supply chain [3]

Core Insights - The Tianhong Chemical ETF (159133) reached a record high since its listing, with a turnover of 1 billion yuan and a trading volume of 18.37% [1] - The underlying index, the CSI Sub-Industry Chemical Theme Index (000813), increased by 0.82%, with notable gains from several constituent stocks [1] Group 1: Product Highlights - The Tianhong Chemical ETF tracks the CSI Sub-Industry Chemical Theme Index, which includes listed companies involved in the manufacturing and sales of chemical products such as pesticides and fertilizers, reflecting the overall performance of quality enterprises in the chemical industry [2] Group 2: Key Events - A significant agreement was reached on November 23, 2023, for the 2026 China potash fertilizer import contract, setting the price at 348 USD/ton (CFR), maintaining a competitive pricing position globally [2] - On November 26, 2023, BASF and a subsidiary of Sinopec signed a strategic cooperation agreement to promote the large-scale application of biogas, accelerating the low-carbon transition in the chemical industry [3] Group 3: Institutional Perspectives - According to Dongguan Securities, from January to October 2023, the total profit of large-scale industrial enterprises in China reached 59,502.9 billion yuan, reflecting a year-on-year growth of 1.9% [3] - The refrigerant sector is expected to see improved supply-demand dynamics due to the implementation of production quota management for third-generation (HFCs) refrigerants starting in 2024, leading to an overall upward trend in refrigerant prices before 2025 [3]