1月30日，金隅集团跌5.45%，截至发稿，报1.91元/股，成交2.39亿元，换手率1.47%，总市值203.95亿 元。 责任编辑：小浪快报 资料显示，北京金隅集团股份有限公司位于北京市东城区北三环东路36号环球贸易中心D座,香港中环皇 后大道中222号启煌商业大厦405室，成立日期2005年12月22日，上市日期2011年3月1日，公司主营业务 涉及水泥及预拌混凝土、新型建材与商贸物流、房地产开发和物业投资及管理。主营业务收入构成为： 大宗商品贸易52.18%，产品销售31.69%，房屋销售7.68%，装饰装修收入2.64%，租赁收入2.20%，物业 管理1.32%，固废处理0.80%，其他0.75%，酒店运营0.50%，利息收入0.24%。 截至发稿，黄岳累计任职时间4年361天，现任基金资产总规模494.96亿元，任职期间最佳基金回报 47.87%， 任职期间最差基金回报-57.63%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.c ...

Group 1 - Qinglong Pipeline Industry's stock price increased by 5% on January 8, reaching 11.75 CNY per share, with a trading volume of 202 million CNY and a turnover rate of 5.33%, resulting in a total market capitalization of 3.918 billion CNY [1] - The stock has experienced a continuous rise for five days, accumulating a total increase of 5.07% during this period [1] - Qinglong Pipeline Industry, established on March 1, 1999, and listed on August 3, 2010, specializes in various mainstream water supply and drainage pipeline products, comprehensive pipe corridors, water-saving irrigation products, gas pipelines, and new energy-saving heating pipelines, along with related engineering construction services [1] Group 2 - Among the top ten circulating shareholders of Qinglong Pipeline Industry, Guotai Fund's ETF, Guotai Zhongzheng All-Index Building Materials ETF (159745), entered the list in the third quarter, holding 1.1416 million shares, which accounts for 0.34% of the circulating shares [2] - The ETF has generated an estimated floating profit of approximately 639,300 CNY today, with a floating profit of 616,500 CNY during the five-day increase [2] - The Guotai Zhongzheng All-Index Building Materials ETF was established on June 9, 2021, with a current scale of 1.102 billion CNY, yielding 2.55% this year, ranking 4262 out of 5493 in its category, and achieving a 17.19% return over the past year, ranking 3478 out of 4197 [2]

Group 1 - The core viewpoint of the news is that Hongqiang Co., Ltd. has shown a slight increase in stock price, with a current trading price of 10.79 yuan per share and a total market capitalization of 2.283 billion yuan [1] - Hongqiang Co., Ltd. specializes in the research, production, sales, and technical services of various concrete additives, with its main business revenue composition being 87.80% from polycarboxylate-based additives, 9.03% from fine chemicals, 1.74% from naphthalene-based additives, and 1.36% from other additives [1] - The company is located in Huizhou, Guangdong Province, and was established on March 31, 2005, with its listing date on August 23, 2016 [1] Group 2 - The top circulating shareholder of Hongqiang Co., Ltd. includes a fund from Guotai Fund, specifically the Guotai CSI All Index Building Materials ETF (159745), which entered the top ten circulating shareholders in the third quarter with 453,500 shares, accounting for 0.33% of circulating shares [2] - The Guotai CSI All Index Building Materials ETF has a current scale of 1.102 billion yuan, with a year-to-date return of 11.48% and a one-year return of 9.33% [2] - The fund manager of the Guotai CSI All Index Building Materials ETF is Huang Yue, who has been in the position for 4 years and 331 days, with the fund's total asset scale at 35.78 billion yuan [3]

Group 1 - The core point of the article highlights the recent performance of Yueshen Health, with a stock price increase of 5.33% to 4.94 CNY per share, a trading volume of 140 million CNY, and a total market capitalization of 4.543 billion CNY [1] - Yueshen Health, established on June 8, 1993, and listed on August 23, 2007, operates in high-end ceramic tiles and ecological functional building materials, focusing on the "Yueshen Health" brand in healthcare and elderly services [1] - The revenue composition of Yueshen Health includes: 35.96% from marble tiles, 31.86% from antique tiles, 11.19% from health services, 8.71% from warehouse leasing, 6.71% from ceramic tiles, 5.09% from glass-ceramic tiles, and 0.48% from other tile products [1] Group 2 - The top circulating shareholder of Yueshen Health is the Guotai Fund, which holds 1.9629 million shares of the Guotai CSI All Index Building Materials ETF, accounting for 0.21% of the circulating shares [2] - The Guotai CSI All Index Building Materials ETF, established on June 9, 2021, has a current size of 1.102 billion CNY and has achieved a year-to-date return of 12.31% [2] - The fund manager, Huang Yue, has a tenure of 4 years and 325 days, with the fund's total asset size at 35.78 billion CNY, achieving a best return of 44.94% and a worst return of -60.42% during the tenure [3]

Group 1 - Sichuan Jinding experienced a decline of 5.1%, with a current stock price of 12.66 yuan per share, a trading volume of 477 million yuan, a turnover rate of 10.63%, and a total market capitalization of 4.418 billion yuan [1] - The company, established on September 7, 1988, and listed on October 8, 1993, is primarily engaged in the mining, processing, and sales of non-metallic minerals, with revenue composition as follows: limestone 86.66%, logistics and transportation 7.41%, calcium oxide 3.16%, rental income 1.43%, ready-mixed concrete and cement-stabilized crushed stone 1.41%, and IT equipment information technology services 0.02% [1] Group 2 - Among the top ten circulating shareholders of Sichuan Jinding, Guotai Fund has a fund that entered the list, holding 1.1934 million shares of the Guotai Zhongzheng All Index Building Materials ETF (159745), accounting for 0.34% of circulating shares, with an estimated floating loss of approximately 811,500 yuan today [2] - The Guotai Zhongzheng All Index Building Materials ETF (159745) was established on June 9, 2021, with a current scale of 1.102 billion yuan, yielding 11.45% year-to-date, ranking 3360 out of 4197 in its category, and 8.45% over the past year, ranking 3471 out of 4154, with a cumulative loss of 35.08% since inception [2] Group 3 - The fund manager of the Guotai Zhongzheng All Index Building Materials ETF (159745) is Huang Yue, who has been in the position for 4 years and 323 days, managing total assets of 35.78 billion yuan, with the best fund return during the tenure being 44.31% and the worst being -59.82% [3]

Core Viewpoint - Sichuan Jinding's stock price increased by 5.11% to 11.73 CNY per share, with a trading volume of 9.92 billion CNY and a turnover rate of 25.09%, resulting in a total market capitalization of 40.94 billion CNY [1] Group 1: Company Overview - Sichuan Jinding (Group) Co., Ltd. is located in Emeishan, Leshan City, Sichuan Province, established on September 7, 1988, and listed on October 8, 1993 [1] - The company's main business involves non-metallic mineral mining, processing, and product sales, with revenue composition as follows: limestone 86.66%, logistics and transportation 7.41%, calcium oxide 3.16%, rental income 1.43%, ready-mixed concrete and cement-stabilized crushed stone 1.41%, and IT equipment information technology services 0.02% [1] Group 2: Shareholder Information - Guotai Fund's ETF, Guotai Zhongzheng All Index Building Materials ETF (159745), entered the top ten circulating shareholders of Sichuan Jinding in the third quarter, holding 1.1934 million shares, which is 0.34% of the circulating shares [2] - The estimated floating profit for the ETF today is approximately 680,200 CNY [2] Group 3: Fund Performance - The Guotai Zhongzheng All Index Building Materials ETF (159745) was established on June 9, 2021, with a current scale of 1.102 billion CNY [2] - Year-to-date return is 13.06%, ranking 3285 out of 4206 in its category; the one-year return is 7.28%, ranking 3484 out of 4012; since inception, it has a loss of 34.14% [2]

Market Overview - The Shanghai Composite Index fell by 0.4% to close at 3931.05 points, with a high of 3967.97 points during the day [1] - The Shenzhen Component Index decreased by 0.76% to 12980.82 points, reaching a peak of 13226.04 points [1] - The ChiNext Index dropped by 1.12% to 3042.34 points, with a maximum of 3137.07 points [1] ETF Market Performance - The median return of stock ETFs was -0.67% [2] - The highest performing scale index ETF was the China Southern Shenzhen 100 ETF with a return of 0.34% [2] - The top industry index ETF was the China Tai Zhongzheng All Index Building Materials ETF, yielding 2.02% [2] - The highest return among strategy index ETFs was the China Tai Baichuan Zhongzheng Dividend Low Volatility ETF at 0.74% [2] - The best performing thematic index ETF was the Yinhua Zhongzheng Mainland Real Estate Theme ETF, with a return of 0.84% [2] ETF Performance Rankings - The top three ETFs by return were: - Guotai Zhongzheng All Index Building Materials ETF (2.02%) [4] - Fuguo Zhongzheng All Index Building Materials ETF (1.56%) [4] - Huabao Zhongzheng 800 Real Estate ETF (1.52%) [4] - The worst performing ETFs included: - Penghua SSE Sci-Tech Innovation Board New Energy ETF (-3.01%) [4] - Yifangda SSE Sci-Tech Innovation Board New Energy ETF (-2.91%) [4] - Fuguo SSE Sci-Tech Innovation Board New Energy ETF (-2.78%) [4] ETF Fund Flows - The top three ETFs by fund inflow were: - Southern Zhongzheng 500 ETF (7.6 billion) [6] - Huaxia SSE Sci-Tech Innovation Board 50 Component ETF (7.59 billion) [6] - Southern Zhongzheng 1000 ETF (4.18 billion) [6] - The largest outflows were from: - Huabao Zhongzheng Bank ETF (4.33 billion) [6] - Huatai Baichuan SSE 300 ETF (4.07 billion) [6] - Huabao Zhongzheng Financial Technology Theme ETF (3.25 billion) [6] ETF Margin Trading Overview - The highest margin buy amounts were: - Huaxia SSE Sci-Tech Innovation Board 50 Component ETF (5.56 billion) [8] - Guotai Zhongzheng All Index Securities Company ETF (4.8 billion) [8] - Yifangda ChiNext ETF (4.78 billion) [8] - The largest margin sell amounts were: - Southern Zhongzheng 500 ETF (37.88 million) [8] - Huatai Baichuan SSE 300 ETF (37.87 million) [8] - Huaxia Zhongzheng A500 ETF (25.01 million) [8] Institutional Insights - Huafu Securities suggests that the building materials capacity cycle may reach an inflection point due to accelerated expectations of "anti-involution" [9] - The combination of declining interest rates and monetary support for housing may stabilize the real estate market, potentially boosting post-cycle demand [9] - Debon Securities highlights that undervalued financial stocks, such as insurance and banks, possess defensive allocation value amid a weak market [10]

Group 1 - The core point of the news is that Beijing Jinyu Group's stock price dropped by 5.43% to 1.74 CNY per share, with a trading volume of 160 million CNY and a turnover rate of 1.07%, resulting in a total market capitalization of 18.579 billion CNY [1] - Jinyu Group's main business includes cement and ready-mixed concrete, new building materials, trade logistics, real estate development, and property investment and management [1] - The revenue composition of Jinyu Group is as follows: bulk commodity trading 52.18%, product sales 31.69%, housing sales 7.68%, decoration and renovation income 2.64%, rental income 2.20%, property management 1.32%, solid waste treatment 0.80%, other 0.75%, hotel operations 0.50%, and interest income 0.24% [1] Group 2 - Among the top ten circulating shareholders of Jinyu Group, a fund under Guotai Fund ranks first, specifically the Guotai CSI All Index Building Materials ETF (159745), which entered the top ten in the third quarter with 14.2591 million shares, accounting for 0.13% of circulating shares [2] - The Guotai CSI All Index Building Materials ETF (159745) was established on June 9, 2021, with a current scale of 1.102 billion CNY, yielding 13.94% this year, ranking 3281 out of 4212 in its category, and 8.52% over the past year, ranking 3430 out of 3956 [2] - The fund manager of Guotai CSI All Index Building Materials ETF is Huang Yue, who has been in the position for 4 years and 288 days, with a total asset scale of 35.78 billion CNY, achieving a best return of 49.17% and a worst return of -58.07% during his tenure [3]

Investment Rating - The report indicates a marginal increase in investment in the TMT (Technology, Media, and Telecommunications) sector, with specific recommendations for non-bank financials, communications, real estate, building materials, media, and banks [1]. Core Insights - The industry rotation model is driven by three main dimensions: fundamentals, price-volume, and sentiment, aiming to capture market microstructure and industry opportunities. The model has been backtested bi-weekly and expanded to include factors such as momentum, trends, capital flow, sentiment, market structure, and volatility [1]. - The sentiment score for the real estate sector has significantly improved, increasing by 0.98, while the media sector's price-volume factors have seen a notable increase of 3.24 [1]. Summary by Sections Industry Recommendations - The recommended ETFs include: - E Fund CSI 300 Non-Bank ETF - Guotai CSI All-Index Communication Equipment ETF - Southern CSI All-Index Real Estate ETF - Guotai CSI All-Index Building Materials ETF - GF CSI Media ETF - Huabao CSI Bank ETF [3]. Performance Metrics - The industry rotation strategy has increased by 0.25% over the past two weeks, with an excess return of 0.64% compared to an equal-weighted industry benchmark. Year-to-date, the strategy has risen by 34.89%, with a Sharpe ratio of 1.77 and a Calmar ratio of 2.88 [4][6].

Report Summary 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View of the Report - As of October 26, 2025, the model recommends non-bank finance, communication, real estate, building materials, media, and banking, with marginal increases in media and real estate investments [1] - The non-bank finance, communication, and real estate sectors are mainly driven by fundamentals, building materials and media are mainly influenced by sentiment, and banking is driven by both quantitative and fundamental factors [1] - The industry rotation model analyzes the market from three dimensions: fundamentals, volume-price, and sentiment, aiming to capture industry opportunities [1] 3. Summary by Relevant Catalogs Industry Rotation Model - The model backtests original factors on a bi-weekly basis and expands volume-price factors from dimensions such as momentum and trend, capital flow and sentiment, and market structure and volatility [1] - Six relatively effective factors are selected to construct the industry rotation strategy [1] Industry ETF Portfolio - The current industry ETF portfolio includes six ETFs: E Fund CSI 300 Non-Bank Finance ETF, Guotai CSI All-Index Communication Equipment ETF, Southern CSI All-Index Real Estate ETF, Guotai CSI All-Index Building Materials ETF, GF CSI Media ETF, and Huabao CSI Bank ETF [3] Performance of the Industry Rotation Strategy - In the past two weeks, the strategy rose 0.25%, with an excess return of 0.64% compared to the industry equal-weighted index [4][6] - Since the beginning of the year, the strategy has risen 34.89%, with a Sharpe ratio of 1.77 and a Calmar ratio of 2.88 in the past year [4] Strategy/Composite Factor Backtesting Results - Different factors have different IC means, IC standard deviations, ICIRs, frequencies of IC>0, and p-Values. For example, the成交均价因子 has an IC mean of 6.19%, an IC standard deviation of 27.11%, and an ICIR of 22.83% [10]