值得一提的是，该ETF近期持续获资金布局。截至2月24日收盘，该ETF已连续34个交易日获资金净流 入，累计"吸金"超20亿元。 2月25日，化工板块延续昨日涨势，磷化工概念涨幅居前；截至发稿，中证细分化工产业主题指数涨 2.84%，昨日收涨3.39%。 化工ETF天弘（159133）跟踪的是中证细分化工产业主题指数，该指数全面覆盖化工各个细分领域，包 含磷化工、氟化工、磷肥、钾肥等行业龙头。化工ETF天弘（159133）以及联接基金（C类015897）可 一键分享化工板块整体机遇。 成分股中，云天化涨停，和邦生物、兴发集团、川发龙蟒等多股涨超7%。 国投证券在最新报告中指出，化工行业在经历四年下行周期后已站在反转门槛上。多项指标显示行业基 本触底，2026年有望成为周期转折点。价格层面，中国化工产品价格指数（CCPI）在2025年12月31日 报3930点，较2021年高点回落39%，处于近五年23%分位，已进入历史低位区间。盈利层面，2025年前 三季度基础化工板块实现归母净利润1127亿元，同比增长7.5%，显示板块初步企稳。 相关ETF中，Wind数据显示，化工ETF天弘（159133）截至发稿获净申 ...

Group 1 - The chemical sector is experiencing a market adjustment, with a decline of 1.14% in the sub-index, despite some stocks like Hangjin Technology and Longbai Group rising over 2% [1] - The Tianhong Chemical ETF (159133) has seen significant net inflows, with a total of 1.76 billion shares net subscribed, ranking first among similar products in the Shenzhen market [1] - The Tianhong Chemical ETF tracks the CSI Sub-Sector Chemical Industry Theme Index, which covers various segments of the chemical industry, including phosphate and fluoride chemicals [1] Group 2 - According to Guojin Securities, the allocation ratio for the chemical sector has rebounded since the fourth quarter of last year, indicating improved fundamentals [2] - The current production expansion cycle in the chemical sector is nearing its end, and profitability remains at a cyclical low, suggesting a potential shift in investment strategy [2] - The overall outlook for the large chemical sector investment opportunities remains positive due to valuation and positioning advantages [2]

Core Viewpoint - The launch of the Tianhong Chemical ETF (159133) on November 25 marks a significant addition to the chemical sector, achieving early fundraising success within three days [1] Group 1: ETF Overview - The Tianhong Chemical ETF tracks the CSI Sub-Industry Chemical Theme Index, which encompasses various segments of the chemical industry, including phosphate, fluorine, phosphate fertilizers, and potassium fertilizers [1] - The ETF and its connected fund (Class C 015897) aim to provide investors with exposure to the overall opportunities in the chemical sector [1] Group 2: Market Performance - As of November 24, the CSI Sub-Industry Chemical Theme Index has recorded a year-to-date increase of 23.73% [1] - The latest price-to-book ratio for the index stands at 2.28, which is at the 38.05th percentile level over the past decade [1] Group 3: Investment Insights - Industrial insights from Xingye Securities suggest that core chemical assets are expected to experience profit and valuation recovery, as chemical prices and spreads are currently at low levels [1] - Leading companies in the sector are projected to maintain market share and profitability growth during the current expansion cycle, supported by their integrated operations, scale, and cost advantages [1] - There is a strong recommendation for investing in core chemical assets and leading companies in related sub-industries [1]

Group 1 - The chemical sector continued its adjustment, with the CSI sub-industry chemical theme index closing down 4.30% last Friday and down 6.47% for the week, but still showing a cumulative increase of 27.66% since the second half of the year, outperforming the Shanghai Composite Index by over 16% [1] - The Tianhong Chemical ETF (159133) will be listed on November 25, having raised a net subscription amount of 549.89 million RMB during its fundraising period from November 10 to November 12, with a total of 549.91 million shares issued [1] - The Tianhong Chemical ETF tracks the CSI sub-industry chemical theme index, covering various segments of the chemical industry, including phosphorus chemicals, fluorine chemicals, phosphorus fertilizers, and potassium fertilizers [1] Group 2 - The basic chemical industry has seen an increase in profit growth in the first three quarters, continuing its bottom recovery, with the overall gross margin at 17.69% and net margin at 6.17% for the first three quarters of 2025, both showing a slight year-on-year recovery [2] - The profitability of sub-industries within the basic chemical sector has shown significant differentiation, with improvements noted in fluorine chemicals, potassium fertilizers, synthetic resins, chlor-alkali, and compound fertilizers [2]