自由现金流ETF紧密跟踪国证自由现金流指数，国证自由现金流指数反映沪深北交易所自由现金流水平 较高且稳定性较好的上市公司证券价格变化情况。截至2026年1月30日，国证自由现金流指数(980092) 前十大权重股分别为中国海油、格力电器、上汽集团、中国铝业、中远海控、潍柴动力、白银有色、宝 钢股份、正泰电器、长城汽车，前十大权重股合计占比50.3%。（以上所列股票仅为指数成份股，无特 定推荐之意） 自由现金流ETF(159201)，场外联接(华夏国证自由现金流ETF发起式联接A：023917；华夏国证自由现 金流ETF发起式联接C：023918)。费率方面，自由现金流ETF管理费率为0.15%，托管费率为0.05%，费 率在可比基金中最低。 从资金净流入方面来看，自由现金流ETF近9天获得连续资金净流入，合计"吸金"17.32亿元，日均净流 入达1.92亿元。份额方面，自由现金流ETF最新份额达106.27亿份，最新规模达138.39亿元。杠杆资金 持续布局中。自由现金流ETF最新融资买入额达3788.03万元，最新融资余额达1.75亿元。 从收益能力看，截至2026年2月13日，自由现金流ETF自成立以来， ...

Group 1 - The core index, the National Certificate Free Cash Flow Index (980092), has seen a strong increase of 1.2% as of February 9, 2026, with notable stock performances including Zhejiang Longsheng up 9.7%, Anfu Technology up 5.5%, and Weichai Power up 5.13% [1] - The Free Cash Flow ETF (159201) has also risen by 1%, with the latest price reported at 1.31 yuan, and has achieved a record high in both share count at 10.019 billion and total scale at 12.958 billion yuan [1] - Over the past four days, the Free Cash Flow ETF has experienced continuous net inflows totaling 931 million yuan, indicating strong investor interest [1] Group 2 - The top ten weighted stocks in the National Certificate Free Cash Flow Index as of January 30, 2026, include China National Offshore Oil Corporation, Gree Electric Appliances, SAIC Motor, and others, collectively accounting for 50.3% of the index [2] - The management fee for the Free Cash Flow ETF is 0.15%, and the custody fee is 0.05%, which are among the lowest in comparable funds [2] - The Free Cash Flow ETF has demonstrated strong performance metrics, with a maximum monthly return of 9.25% since inception and a historical holding period profitability rate of 100% over six months [1]

Core Viewpoint - The National Index of Free Cash Flow has experienced a decline of 2.01% as of February 2, 2026, with mixed performance among constituent stocks, indicating a volatile market environment [1]. Group 1: ETF Performance - The Free Cash Flow ETF (159201) has decreased by 2.03%, with the latest price at 1.3 yuan [1]. - The ETF has seen a turnover of 2.06% during the trading session, with a total transaction volume of 250 million yuan [1]. - Over the past week, the average daily transaction volume of the ETF has been 685 million yuan [1]. - The ETF has recorded a net inflow of 2.259 billion yuan over the last 11 days, reaching a total share count of 9.357 billion and a total scale of 12.409 billion yuan, marking a new high since its inception [1]. - The leverage funds have been actively investing, with a net financing purchase of 4.1325 million yuan on the previous trading day and a current financing balance of 141 million yuan [1]. - The net value of the ETF has increased by 24.49% over the past six months [1]. - The highest monthly return since inception was 9.25%, with the longest consecutive monthly gain being 6 months and a maximum increase of 22.69% [1]. - The ETF has a monthly profit percentage of 81.82% and a historical holding period profit probability of 100% [1]. Group 2: Top Holdings - As of January 30, 2026, the top ten weighted stocks in the National Index of Free Cash Flow include China National Offshore Oil Corporation, Gree Electric Appliances, SAIC Motor, China Aluminum, COSCO Shipping Holdings, Weichai Power, Silver Holdings, Baosteel, Chint Electric, and Great Wall Motors, collectively accounting for 50.3% of the index [2]. - The individual weightings of these stocks vary, with China National Offshore Oil Corporation holding the highest at 10.34% and Weichai Power at 2.94% [4].

截至2026年1月30日10:13，国证自由现金流指数下跌2.35%。成分股方面涨跌互现，亚翔集成、福斯达、宏力达等领涨；南山铝业、株冶集团、白银有色等 领跌。自由现金流ETF(159201)下跌2.94%，最新报价1.32元。流动性方面，自由现金流ETF盘中换手3.01%，成交3.66亿元。拉长时间看，截至1月29日，自 由现金流ETF近1周日均成交6.62亿元。 从资金净流入方面来看，自由现金流ETF近10天获得连续资金净流入，合计"吸金"19.55亿元，日均净流入达1.96亿元。自由现金流ETF最新份额达91.28亿 份，最新规模达123.52亿元，均创成立以来新高。数据显示，杠杆资金持续布局中。自由现金流ETF本月以来融资净买额达248.87万元，最新融资余额达 1.37亿元。 截至1月29日，自由现金流ETF近6月净值上涨27.23%。从收益能力看，截至2026年1月29日，自由现金流ETF自成立以来，最高单月回报为7%，最长连涨月 数为6个月，最长连涨涨幅为22.69%，涨跌月数比为8/2，上涨月份平均收益率为3.3%，月盈利百分比为80%，月盈利概率为80.84%，历史持有6个月盈利概 率为10 ...

Core Viewpoint - The Guozheng Free Cash Flow Index has shown a slight increase, with notable performance from constituent stocks such as JiBit, JingJin Equipment, and others, indicating a positive trend in free cash flow among listed companies [1] Group 1: Free Cash Flow ETF Performance - The Free Cash Flow ETF (159201) has decreased by 0.67%, with the latest price at 1.34 yuan [1] - The ETF has seen a trading volume of 3.19 billion yuan, with a turnover rate of 2.61% [1] - Over the past week, the ETF has averaged a daily trading volume of 7.21 billion yuan [1] - The ETF has experienced continuous net inflows over the past 9 days, totaling 1.933 billion yuan [1] - The latest share count for the ETF is 9.111 billion, with a total asset size reaching 12.199 billion yuan, marking a record high since its inception [1] - The ETF's net value has increased by 26.18% over the past 6 months [1] - Historical performance shows a maximum monthly return of 7% and a longest consecutive monthly gain of 6 months, with an average monthly return of 3.3% [1] Group 2: Index Composition - The Guozheng Free Cash Flow Index closely tracks the performance of companies with high and stable free cash flow levels [2] - As of December 31, 2025, the top ten weighted stocks in the index include China National Offshore Oil Corporation, SAIC Motor, and Gree Electric Appliances, collectively accounting for 51.95% of the index [2] Group 3: Component Stocks - The top ten component stocks and their respective weightings include: - China National Offshore Oil Corporation: 10.34% - SAIC Motor: 8.80% - Gree Electric Appliances: 8.68% - COSCO Shipping Holdings: 4.49% - China Aluminum: 3.77% - Baosteel: 3.48% - Great Wall Motors: 3.41% - Chint Group: 3.01% - China Unicom: 2.95% - Weichai Power: 2.94% [4]

截至2026年1月27日9:45，国证自由现金流指数下跌0.21%。成分股方面涨跌互现，三生国健、白银有色、景津装备等领涨；华人健康、上海建工、株冶集团 等领跌。自由现金流ETF(159201)下跌0.53%，最新报价1.32元。流动性方面，自由现金流ETF盘中换手1.31%，成交1.54亿元。拉长时间看，截至1月26日， 自由现金流ETF近1周日均成交6.66亿元。 从资金净流入方面来看，自由现金流ETF近7天获得连续资金净流入，合计"吸金"17.07亿元。自由现金流ETF最新份额达89.40亿份，最新规模达117.82亿 元，创成立以来新高。数据显示，杠杆资金持续布局中。自由现金流ETF本月以来融资净买额达301.53万元，最新融资余额达1.38亿元。 从收益能力看，截至2026年1月26日，自由现金流ETF自成立以来，最高单月回报为7%，最长连涨月数为6个月，最长连涨涨幅为22.69%，涨跌月数比为 8/2，上涨月份平均收益率为3.3%，月盈利百分比为80%，月盈利概率为80.57%，历史持有6个月盈利概率为100%。 自由现金流ETF(159201)紧密跟踪国证自由现金流指数，国证自由现金流指数反映沪 ...

| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600938 | 甲国海海 | 5.17% | 10.34% | | 600104 | 上汽集团 | -0.07% | 8.80% | | 000651 | 格力电器 | 0.37% | 8.68% | | 601919 | 中远海控 | 0.83% | 4.49% | | 601600 | 中国铝业 | -0.90% | 3.77% | | 600019 | 宝钢股份 | 1.11% | 3.48% | | 601633 | 长城汽车 | -0.37% | 3.41% | | 601877 | 正泰电器 | -0.88% | 3.01% | | 600050 | 中国联通 | 0.59% | 2.95% | | 000338 | 潍柴动力 | -1.15% | 2.94% | （以上所列股票仅为指数成份股，无特定推荐之意） 自由现金流ETF(159201)，场外联接(华夏国证自由现金流ETF发起式联接A：023917；华夏国证自由现金流ETF发起式联接C：023918)。费率方面，自由现 金流ETF ...

| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600938 | 甲国海海 | -0.47% | 9.87% | | 600104 | 上汽集团 | 3.16% | 8.71% | | 000858 | 五粮液 | 0.00% | 7.32% | | 000651 | 格力电器 | 0.62% | 6.54% | | 603993 | 洛阳辑业 | 3.28% | 5.12% | | 601600 | 中国铝业 | 1.82% | 4.26% | | 601225 | 陕西煤业 | 0.95% | 4.25% | | 601727 | 上海电气 | 2.09% | 3.08% | | 601877 | 正泰电器 | 3.09% | 2.85% | | 600755 | 厦门国贸 | -0.72% | 2.82% | 截至2026年1月16日9:42，国证自由现金流指数上涨0.94%，成分股亚翔集成上涨7.69%，平高电气上涨6.69%，白银有色上涨4.47%，神火股份上涨3.68%， 三生国健上涨3.55%。自由现金流ETF(159201)上涨0. ...

Core Viewpoint - The National Index of Free Cash Flow has shown positive performance, with significant increases in both the index and its constituent stocks, indicating strong investor interest and liquidity in the market [1][2]. Group 1: Index Performance - As of January 14, 2026, the National Index of Free Cash Flow rose by 0.39%, with notable increases in constituent stocks such as Huaren Health (+5.40%) and Baijin Nonferrous (+5.34%) [1]. - The Free Cash Flow ETF (159201) has also increased by 0.40%, marking its fourth consecutive rise, with the latest price at 1.26 yuan [1]. - Over the past six months, the net value of the Free Cash Flow ETF has increased by 21.88%, showcasing strong performance [1]. Group 2: Fund Flows and Liquidity - The Free Cash Flow ETF has attracted a total of 1.94 billion yuan in inflows over the last five trading days, indicating robust investor interest [1]. - The latest scale of the Free Cash Flow ETF reached 95.15 billion yuan, a record high since its inception [1]. - The net financing amount for the Free Cash Flow ETF was 4.2543 million yuan, with a total financing balance of 10.2 million yuan [1]. Group 3: Historical Performance Metrics - The Free Cash Flow ETF has recorded a maximum monthly return of 7% since its inception, with the longest consecutive monthly gains reaching six months and a maximum cumulative increase of 22.69% [1]. - The ETF has an 80% monthly profit percentage and a 79.70% probability of monthly profitability, with a 100% historical probability of profitability over a six-month holding period [1]. Group 4: Top Constituent Stocks - As of December 31, 2025, the top ten weighted stocks in the National Index of Free Cash Flow include China National Offshore Oil Corporation, SAIC Motor, and Gree Electric Appliances, collectively accounting for 51.95% of the index [2].

Core Insights - The Guozheng Free Cash Flow Index increased by 0.6%, with leading stocks including Aishide, Huaren Health, Zhuzhou Smelter Group, Hailu Heavy Industry, and Weichai Power [1] - The Free Cash Flow ETF (159201) rose by 0.65%, reaching a latest price of 1.24 yuan, with a trading volume of 2.28 billion yuan [1] - Over the past six days, the Free Cash Flow ETF experienced continuous net inflows, totaling 813 million yuan, with an average daily net inflow of 135 million yuan [1] Performance Metrics - As of January 8, the Free Cash Flow ETF's net value increased by 20.03% over the past six months [2] - The ETF has a historical monthly return of up to 7%, with the longest consecutive monthly gain of 6 months and a maximum increase of 22.69% [2] - The ETF has a 100% probability of profitability over a six-month holding period [2] Index Composition - The Guozheng Free Cash Flow Index reflects the price changes of listed companies with high and stable free cash flow levels [2] - As of December 31, 2025, the top ten weighted stocks in the index include China National Offshore Oil Corporation, SAIC Motor, Gree Electric Appliances, COSCO Shipping Holdings, and China Aluminum, accounting for 51.95% of the total index weight [2] ETF Details - The Free Cash Flow ETF has a management fee of 0.15% and a custody fee of 0.05%, both at the lowest tier [4]