化工ETF（516020）及其联接基金（012537）跟踪中证细分化工产业主题指数，成份股覆盖AI算 力、反内卷、机器人、新能源等热门主题。其中近5成仓位集中于大市值龙头股，包括万华化学、盐湖 股份等，分享强者恒强投资机遇；其余5成仓位兼顾布局磷肥及磷化工、氟化工、氮肥等细分领域龙头 股，全面把握化工板块投资机会。 （责任编辑：王治强 HF013） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 1月28日，化工板块重拾攻势，热门ETF品种——化工ETF（516020）开盘短暂震荡后直线拉升， 场内价格一度涨超2.8%，今日有望再度刷新近3年收盘价新高。火热行情之下，化工ETF（516020）持 续吸金，截至1月27日，化工ETF（516020）近5日获资金净申购14.22亿元，近10日获资金净申购额更 是高达21.4亿元。今日盘中持续溢价交易，显示资金加仓势头不减。 广发证券指出，化工作为典型周期性行业 ...

广发证券指出，化工作为典型周期性行业，通常5年一轮周期，经历"盈利上行-产能扩张-盈利触底-产能 出清/需求预期改善"四个阶段。伴随资本开支增速转负、反内卷、海外降息、扩内需，看好"十五五"开 局阶段化工"破晓时分"。此外，全球技术革命持续提速，材料变革迎新机遇。 化工ETF（516020）及其联接基金（012537）跟踪中证细分化工产业主题指数，成份股覆盖AI算力、反 内卷、机器人、新能源等热门主题。其中近五成仓位集中于大市值龙头股，包括万华化学、盐湖股份 等，分享强者恒强投资机遇；其余五成仓位兼顾布局磷肥及磷化工、氟化工、氮肥等细分领域龙头股， 全面把握化工板块投资机会。 （文章来源：每日经济新闻） 1月26日，化工板块攻势不减，热门ETF品种——化工ETF（516020）开盘后一度下跌，随后迅速拉升 翻红，场内价格涨超1.2%，并再刷近三年新高。火热行情之下，化工ETF（516020）持续吸金，截至1 月23日，化工ETF（516020）近5日获资金净申购额超11亿元，近10日累计吸金额更是超15亿元。今日 盘中持续溢价交易，显示资金加仓势头不减。 专业机构分析，"十五五"规划建议"坚持扩大内需"为未来 ...

1月22日，化工板块攻势不减，热门ETF品种——化工ETF（516020）开盘后一度窄幅震荡并微跌，随 后突然拉升翻红，场内价格一度涨超1.5%，并再创近三年新高。火热行情之下，化工ETF（516020）持 续吸金，截至1月21日，化工ETF（516020）近5日获资金净申购额超8.7亿元，近10日累计吸金额更是 接近12亿元。 专业机构分析，"十五五"规划建议"坚持扩大内需"为未来五年定调，国内新旧动能切换将持续推进，叠 加美国降息周期开启，化工品需求增长可期。 在供需双底基本确立，政策预期强力催化下，2026年化 工行业或迎周期拐点向上，开启从估值修复到业绩增长的"戴维斯双击"。 广发证券指出，化工作为典型周期性行业，通常5年一轮周期，经历"盈利上行—产能扩张—盈利触底— 产能出清/需求预期改善"四个阶段。伴随资本开支增速转负、反内卷、海外降息、扩内需，看好十五五 开局阶段化工"破晓时分"。此外，全球技术革命持续提速，材料变革迎新机遇。 化工ETF（516020）及其联接基金（012537）跟踪中证细分化工产业主题指数，成份股覆盖AI算力、反 内卷、机器人、新能源等热门主题。其中近5成仓位集中于大市值龙头 ...

Group 1 - The chemical sector is experiencing significant capital inflow, with the Chemical ETF (516020) seeing over 580 million yuan in net inflows in the past five days, 1.14 billion yuan in the past ten days, and 1.43 billion yuan in the past twenty days, leading to a fund size surpassing 5 billion yuan, reaching 5.319 billion yuan [1] - On January 20, the chemical sector slightly corrected alongside the broader market, with the Chemical ETF (516020) experiencing a minor decline of 0.53% after hitting a new high, indicating that funds may be accumulating during the dip [1] - Institutions predict negative growth in capital expenditure for the chemical industry in 2024, with supply expected to contract due to the "anti-involution" trend and accelerated elimination of outdated overseas capacity, while domestic demand is anticipated to grow due to policy support and the initiation of a U.S. interest rate cut cycle [1] Group 2 - According to GF Securities, the chemical industry typically follows a five-year cycle characterized by four stages: "profit upturn - capacity expansion - profit bottoming - capacity clearance/improved demand expectations" [2] - The Chemical ETF (516020) and its linked fund (012537) track the CSI segmented chemical industry theme index, with nearly 50% of the portfolio concentrated in large-cap leading stocks such as Wanhua Chemical and Salt Lake Industry, while the remaining 50% covers leading stocks in sub-sectors like phosphate fertilizers, fluorine chemicals, and nitrogen fertilizers [2] - The ongoing global technological revolution is expected to accelerate, presenting new opportunities in material transformation, which aligns with the positive outlook for the chemical sector during the "Fifteen Five" planning period [2]

每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 从估值方面来看，截至12月29日收盘，化工ETF（516020）标的指数细分化工指数市净率为2.57 倍，位于近10年来49.51%分位点的相对合理位置，具备中长期配置性价比。 光大证券指出，基础化工行业2025年涨幅靠前，新材料需求强劲，AI、OLED、机器人等新兴应用 领域高景气，带动光刻胶等核心材料需求扩张与国产替代加速。行业呈现"上半年弱势震荡，中期反 弹，后期结构性活跃"走势，锂电材料等细分板块受益供需改善显著上涨。宏观经济修复下，化工行业 筑底回升，农化、MDI等板块韧性较强，钛白粉、锂电材料盈利修复预期明确。 公开资料显示，化工ETF（516020）及其联接基金（012537）跟踪中证细分化工产业主题指数，全 面覆盖化工各个细分领域。其中近5成仓位集中于大市值龙头股，包括万华化学、盐湖股份等，分享强 者恒强 ...

Group 1 - The chemical sector continues to perform strongly, with the Chemical ETF (516020) rising by 2.8% after opening [1] - As of November 6, the price-to-book ratio of the Chemical ETF's underlying index is 2.29, which is at a relatively low level, indicating good medium to long-term investment value [1] - Future outlook suggests that the chemical sector is currently undervalued, with potential for upward movement due to rising oil prices and ongoing efforts to reduce "involution" in competition [1] Group 2 - The "14th Five-Year Plan" recommends comprehensive measures to address "involution" in competition, emphasizing antitrust enforcement and optimization of traditional industries [1] - Leading companies in the chemical industry are expected to benefit significantly from these initiatives [1] - The Chemical ETF and its linked fund (012537) track the CSI Sub-Industry Chemical Theme Index, covering various segments of the chemical industry [1]

Group 1 - The chemical sector experienced a significant rally, with the chemical ETF (516020) rising over 4% and trading volume increasing to 170 million yuan [1] - As of November 6, the price-to-book ratio of the chemical ETF's underlying index was 2.29, indicating a relative low position at the 38.63 percentile over the past decade, highlighting its medium to long-term investment value [1] - Future outlook suggests that the chemical sector is currently undervalued, with potential for upward movement due to oil price rebounds and ongoing efforts to combat "involution" in the industry [1] Group 2 - The "14th Five-Year Plan" recommends comprehensive measures to address "involution" competition, emphasizing the need for stronger antitrust enforcement and optimization of traditional industries [1] - Leading companies in the chemical industry are expected to benefit significantly from these initiatives, enhancing their position in global industrial division and competitiveness [1] - The chemical ETF (516020) and its linked fund (012537) track the CSI segmented chemical industry theme index, covering various sub-sectors, with nearly 50% of the portfolio concentrated in large-cap leading stocks [1]

Core Viewpoint - The recent performance of the Shanghai Composite Index, surpassing 4000 points, is driven by strong gains in the non-ferrous metals and chemical sectors, indicating a bullish trend in these industries [1] Group 1: Non-Ferrous Metals Sector - The Non-Ferrous Metals Leader ETF (159876) saw a price increase of 4.46%, with a trading volume exceeding 580 million yuan, reflecting active market participation [1] - Among the 60 constituent stocks of the Non-Ferrous Metals Leader ETF, 44 companies have reported Q3 results, with 40 achieving profitability and 31 showing year-on-year net profit growth [1] - Industry experts believe that non-ferrous metals are positioned as a key component in the current commodity bull market, driven by long-term capital expenditure cycles and increasing global manufacturing investment [1] Group 2: Chemical Sector - The Chemical ETF (516020) tracked a significant upward trend, with a price increase of over 3% throughout the day, indicating positive market sentiment [1] - The price-to-earnings ratio of the Chemical ETF's underlying index is 20.08, which is at a low point compared to the past decade, suggesting attractive long-term investment opportunities [2] - The chemical industry is expected to enter a recovery phase, with improving demand and low inventory levels, leading to a potential rebound in profitability [2][3] Group 3: Investment Strategy - The Non-Ferrous Metals Leader ETF provides diversification across various metals, including copper, gold, aluminum, rare earths, and lithium, making it suitable for portfolio allocation [2] - The Chemical ETF covers a wide range of sub-sectors within the chemical industry, with nearly 50% of its holdings concentrated in large-cap leading stocks, allowing investors to capitalize on strong market leaders [3]

Group 1 - The chemical sector experienced a pullback on October 10, following a six-day rally, with the chemical ETF (516020) declining by 0.38% [1] - As of October 9, the price-to-book ratio of the chemical ETF's underlying index was 2.41, indicating a relative low position at the 41.96 percentile over the past decade, highlighting the long-term value for investment [1] - The basic chemical sector attracted significant capital inflow, with a net inflow of 23.4 billion yuan over the past five trading days, ranking second among 30 CITIC primary industries [1] Group 2 - The chemical ETF (516020) tracks the CSI segmented chemical industry theme index, covering various sub-sectors within the chemical industry [2] - Nearly 50% of the ETF's holdings are concentrated in large-cap leading stocks, such as Wanhua Chemical and Yalv Co., allowing investors to benefit from strong market leaders [2] - The remaining 50% of the holdings are diversified across leading stocks in sub-sectors like phosphate fertilizers, fluorochemicals, and nitrogen fertilizers, capturing investment opportunities in the chemical sector [2]