国泰海通证券 3 月基金投资策略 [Table_Authors] 江涛(分析师) A 股延续上涨行情，重视主投周期和科技领域基金 本报告导读： 2026 年 2 月，A股虽在月初经历短期波动，但全月仍延续了前期的上涨行情。我们 建议后续基金配置在整体维持均衡风格的前提下，适度偏向成长，从大类资产配置 角度来看可以对黄金和美股相关 ETF 进行一定配置。 投资要点： [Table_Summary] 基金投资策略 请务必阅读正文之后的免责条款部分 基金评价 /[Table_Date] 2026.03.01 | | 021-23185672 | | --- | --- | | | jiangtao4@gtht.com | | 登记编号 | S0880525040067 | | | 倪韵婷(分析师) | | | 021-23185605 | | | niyunting@gtht.com | | 登记编号 | S0880525040097 | [Table_Report] 相关报告 国泰海通证券-基金业绩排行榜（2026-02-28） 2026.02.28 国泰海通证券 1 月基金表现回顾 2026.02.04 国泰海 ...

Core Viewpoint - Hongdu Aviation experienced a decline of 5.12% on February 6, with a stock price of 43.55 yuan per share and a total market capitalization of 31.23 billion yuan [1] Group 1: Company Overview - Jiangxi Hongdu Aviation Industry Co., Ltd. is located in Nanchang High-tech Development Zone, Jiangxi Province, and was established on December 16, 1999, with its listing date on December 15, 2000 [1] - The company's main business involves the research, development, manufacturing, sales, and services of aviation aircraft [1] - The revenue composition of the main business includes: Other aviation products 52.78%, Trainer aircraft 46.90%, Others (supplementary) 0.32% [1] Group 2: Shareholder Information - The top circulating shareholder of Hongdu Aviation includes a fund from the Fortune Fund, specifically the Fortune CSI Military Industry Leader ETF (512710), which increased its holdings by 1.4673 million shares to a total of 9.7322 million shares, representing 1.36% of circulating shares [2] - The estimated floating loss for this fund today is approximately 22.87 million yuan [2] - The Fortune CSI Military Industry Leader ETF (512710) was established on July 23, 2019, with a current scale of 10.058 billion yuan and a year-to-date return of 9.33% [2] Group 3: Fund Performance - The fund manager of the Fortune CSI Military Industry Leader ETF (512710) is Wang Lele, who has a tenure of 10 years and 184 days, with a total asset scale of 43.232 billion yuan [3] - The best fund return during Wang's tenure is 176.9%, while the worst return is -97.19% [3] - Another fund manager, Niu Zhidong, has a tenure of 10 years and 273 days, with a total asset scale of 18.309 billion yuan, achieving a best return of 142.4% and a worst return of -88.81% [3] Group 4: Fund Holdings - The Fortune National General Aviation Industry ETF (159392) has also increased its holdings in Hongdu Aviation by 17,400 shares, totaling 88,900 shares, which accounts for 3.38% of the fund's net value [4] - The estimated floating loss for this fund today is approximately 208,900 yuan [4] - The Fortune National General Aviation Industry ETF (159392) was established on April 30, 2025, with a current scale of 91.834 million yuan and a year-to-date return of 5.58% [4]

Core Viewpoint - The stock of Aviation Industry Corporation of China (Aviation Technology) increased by 5.15% on February 4, reaching a price of 54.12 yuan per share, with a trading volume of 780 million yuan and a turnover rate of 4.50%, resulting in a total market capitalization of 17.867 billion yuan [1] Group 1: Company Overview - Aviation Technology was established on December 28, 1999, and listed on December 12, 2001. The company is located in Chengdu, Sichuan Province, and specializes in the research, development, manufacturing, sales, and service of aircraft engines and gas turbine components [1] - The main business revenue composition includes: domestic aviation and derivative products (63.59%), foreign trade processing (35.26%), and industrial civilian products and others (1.15%) [1] Group 2: Shareholder Information - The top circulating shareholder of Aviation Technology includes a fund from the Fortune Fund, specifically the Fortune CSI Military Industry Leader ETF (512710), which increased its holdings by 809,400 shares in the third quarter, totaling 5.2454 million shares, representing 1.59% of circulating shares. The estimated floating profit today is approximately 13.9003 million yuan [2] - The Fortune CSI Military Industry Leader ETF (512710) was established on July 23, 2019, with a current scale of 10.058 billion yuan. Year-to-date returns are 9.21%, ranking 1130 out of 5562 in its category; the one-year return is 47.62%, ranking 1395 out of 4285; and since inception, the return is 70.69% [2] Group 3: Fund Manager Information - The fund managers of the Fortune CSI Military Industry Leader ETF (512710) are Wang Lele and Niu Zhidong. Wang Lele has a cumulative tenure of 10 years and 182 days, with a total fund asset scale of 43.232 billion yuan, achieving a best fund return of 176.9% and a worst return of -97.19% during his tenure [3] - Niu Zhidong has a cumulative tenure of 10 years and 271 days, managing a total fund asset scale of 18.309 billion yuan, with a best fund return of 142.4% and a worst return of -88.81% during his tenure [3][5] Group 4: Fund Holdings - The Fortune CSI 2000 ETF (563200), managed by Niu Zhidong, holds 2,500 shares of Aviation Technology, accounting for 0.35% of the fund's net value, making it the third-largest holding. The estimated floating profit today is approximately 6,625 yuan [4] - The Fortune CSI 2000 ETF (563200) was established on September 28, 2023, with a current scale of 26.2499 million yuan. Year-to-date returns are 9.37%, ranking 1081 out of 5562 in its category; the one-year return is 59.85%, ranking 722 out of 4285; and since inception, the return is 64.36% [4]

Core Viewpoint - Guorui Technology experienced a decline of 5.08% on January 26, with a stock price of 30.62 yuan per share and a total market capitalization of 38.026 billion yuan [1] Company Overview - Guorui Technology Co., Ltd. is located in Nanjing, Jiangsu Province, and was established on June 28, 1994, with its listing date on January 28, 2003 [1] - The company's main business includes the research, development, production, debugging, sales, and related services of air traffic control radar, meteorological radar and application systems, rail transit signal systems, microwave devices, and special power supplies [1] - The revenue composition of the main business is as follows: radar equipment and related systems 90.07%, smart rail transit 5.11%, and industrial software and intelligent manufacturing 4.82% [1] Shareholder Information - The top circulating shareholder of Guorui Technology is the Fortune Fund, which increased its holdings in the Fortune CSI Military Industry Leader ETF (512710) by 1.8999 million shares, holding a total of 11.2514 million shares, accounting for 0.91% of circulating shares [2] - The estimated floating loss for the ETF today is approximately 18.4524 million yuan [2] Fund Performance - The Fortune CSI Military Industry Leader ETF (512710) was established on July 23, 2019, with a current scale of 10.058 billion yuan [2] - Year-to-date return is 17.72%, ranking 279 out of 5579 in its category; the one-year return is 58.17%, ranking 1024 out of 4270; and since inception, the return is 83.99% [2] Fund Manager Information - The fund manager of the Fortune CSI Military Industry Leader ETF is Wang Lele, who has a tenure of 10 years and 173 days, with a total asset scale of 43.232 billion yuan [3] - The best fund return during Wang's tenure is 159.7%, while the worst is -97.19% [3] - Another fund manager, Niu Zhidong, has a tenure of 10 years and 262 days, with a total asset scale of 18.309 billion yuan [3] - Niu's best fund return is 146.4%, and the worst is -88.81% [3] Fund Holdings - The Fortune National Security Theme Mixed A Fund (001268) increased its holdings in Guorui Technology by 85,400 shares, holding a total of 641,100 shares, which accounts for 3.19% of the fund's net value [4] - The estimated floating loss for this fund today is approximately 1.0514 million yuan [4] - The fund was established on May 14, 2015, with a current scale of 417 million yuan [4] - Year-to-date return is 14.48%, ranking 769 out of 9003 in its category; the one-year return is 80.03%, ranking 485 out of 8185; and since inception, the return is 35.2% [4] Additional Fund Manager Information - The fund manager of the Fortune National Security Theme Mixed A Fund is Dong Zhiguo, who has a tenure of 5 years and 189 days, with a total asset scale of 56.7 million yuan [5] - The best fund return during Dong's tenure is 61.06%, while the worst is -13.3% [5]

1月22日，中航高科涨5.09%，截至发稿，报26.42元/股，成交14.60亿元，换手率4.04%，总市值368.04 亿元。 资料显示，中航航空高科技股份有限公司位于江苏省南通市永和路1号，成立日期1988年12月21日，上 市日期1994年5月20日，公司主营业务涉及航空新材料和数控机床及航空专用装备的研发、生产与销 售。主营业务收入构成为：航空新材料97.69%，租赁业务1.16%，航空相关设备0.60%，其他0.32%，金 属切削机床0.22%，高铁设备、配件0.00%。 截至发稿，王乐乐累计任职时间10年169天，现任基金资产总规模432.32亿元，任职期间最佳基金回报 159.7%， 任职期间最差基金回报-97.19%。 牛志冬累计任职时间10年258天，现任基金资产总规模183.09亿元，任职期间最佳基金回报146.4%， 任 职期间最差基金回报-88.81%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从中航高科十大流通股东角度 ...

富国中证军工龙头ETF（512710）成立日期2019年7月23日，最新规模146.9亿。今年以来收益10.93%， 同类排名968/5542；近一年收益46.97%，同类排名1456/4256；成立以来收益73.37%。 富国中证军工龙头ETF（512710）基金经理为王乐乐、牛志冬。 截至发稿，王乐乐累计任职时间10年169天，现任基金资产总规模506.48亿元，任职期间最佳基金回报 149.75%， 任职期间最差基金回报-97.19%。 1月22日，钢研高纳涨5.05%，截至发稿，报21.85元/股，成交2.12亿元，换手率1.28%，总市值174.14亿 元。 资料显示，北京钢研高纳科技股份有限公司位于北京市海淀区大柳树南村19号，成立日期2002年11月8 日，上市日期2009年12月25日，公司主营业务涉及从事航空航天、电力、汽车、冶金、玻璃制造、核电 等工业材料中高温材料的研发、生产和销售,制造高温、耐热合金铸件设备。主营业务收入构成为：铸 造合金制品69.36%，变形合金制品24.71%，新型合金制品5.55%，其他(补充)0.38%。 从钢研高纳十大流通股东角度 数据显示，富国基金旗下1只基 ...

Group 1 - The core point of the article highlights the performance of AVIC Aviation Technology Co., Ltd., which saw a 5% increase in stock price, reaching 46.62 CNY per share, with a trading volume of 1.272 billion CNY and a turnover rate of 8.64%, resulting in a total market capitalization of 15.391 billion CNY [1] - AVIC Aviation Technology, established on December 28, 1999, and listed on December 12, 2001, is located in Chengdu, Sichuan Province. The company specializes in the research, development, manufacturing, sales, and service of aircraft engines and gas turbine components [1] - The company's main business revenue composition includes 63.59% from domestic aviation and derivative products, 35.26% from foreign trade outsourcing, and 1.15% from industrial civilian products and others [1] Group 2 - From the perspective of the top ten circulating shareholders of AVIC Aviation Technology, it is noted that a fund under the Fortune Fund ranks among the top shareholders. The Fortune CSI Military Industry Leader ETF (512710) increased its holdings by 809,400 shares, totaling 5.2454 million shares, which accounts for 1.59% of the circulating shares [2] - The Fortune CSI Military Industry Leader ETF (512710), established on July 23, 2019, has a current scale of 14.69 billion CNY. Year-to-date, it has achieved a return of 15.2%, ranking 48 out of 5,580 in its category; over the past year, it has returned 53.83%, ranking 1,089 out of 4,203; and since inception, it has returned 80.05% [2]

Group 1 - Zhongke Xingtou's stock increased by 5.05%, reaching 61.15 CNY per share, with a trading volume of 1.108 billion CNY and a turnover rate of 2.32%, resulting in a total market capitalization of 49.414 billion CNY [1] - Zhongke Xingtou, established on January 20, 2006, and listed on July 8, 2020, is located in the Beijing Shunyi District and primarily engages in software sales, data services, technology development, integrated machine products, and system integration [1] - The company's revenue composition includes: 53.46% from civil geographic information, 27.46% from special geographic information, 14.34% from commercial aerospace, 4.73% from low-altitude economy, and 0.01% from other sources [1] Group 2 - The top circulating shareholder of Zhongke Xingtou is the Fuquan Fund, which increased its holdings in the Fuquan Zhongzheng Military Industry Leader ETF (512710) by 1.4054 million shares, totaling 9.1756 million shares, representing 1.14% of circulating shares [2] - The Fuquan Zhongzheng Military Industry Leader ETF (512710) was established on July 23, 2019, with a current scale of 14.69 billion CNY, yielding 6.41% this year, ranking 699 out of 5493 in its category; it achieved a 43.88% return over the past year, ranking 1543 out of 4197, and a 66.31% return since inception [2] Group 3 - The fund managers of Fuquan Zhongzheng Military Industry Leader ETF (512710) are Wang Lele and Niu Zhidong, with Wang having a tenure of 10 years and 155 days, managing assets totaling 50.648 billion CNY, achieving a best return of 132.25% and a worst return of -97.19% during his tenure [3] - Niu Zhidong has a tenure of 10 years and 244 days, managing assets of 24.8 billion CNY, with a best return of 130.82% and a worst return of -88.81% during his tenure [3]

数据显示，富国基金旗下1只基金位居航发控制十大流通股东。富国中证军工龙头ETF（512710）三季 度增持267.73万股，持有股数1783.82万股，占流通股的比例为1.36%。根据测算，今日浮盈赚取约 2104.91万元。连续3天上涨期间浮盈赚取927.59万元。 1月6日，航发控制涨5.52%，截至发稿，报22.55元/股，成交7.95亿元，换手率2.77%，总市值296.57亿 元。航发控制股价已经连续3天上涨，区间累计涨幅2.49%。 牛志冬累计任职时间10年242天，现任基金资产总规模248亿元，任职期间最佳基金回报130.82%， 任职 期间最差基金回报-88.81%。 资料显示，中国航发动力控制股份有限公司位于江苏省无锡市滨湖区梁溪路792号，成立日期1997年6月 20日，上市日期1997年6月26日，公司主营业务涉及航空、航天发动机控制系统产品的研制、生产、销 售、修理;汽车零部件、摩托车零部件生产、销售。主营业务收入构成为：航空发动机及燃气轮机控制 系统89.13%，国际合作7.48%，控制系统技术衍生产品3.39%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本 ...

Group 1 - Inner Mongolia First Machinery Group Co., Ltd. (Inner Mongolia Yijian) experienced a stock price increase of 1.03%, reaching 16.67 CNY per share, with a trading volume of 231 million CNY and a turnover rate of 0.83%, resulting in a total market capitalization of 28.369 billion CNY [1] - The company, established on December 29, 2000, and listed on May 18, 2004, specializes in the research, development, manufacturing, sales, and asset management of wheeled armored vehicles, artillery series military equipment, railway vehicles, and vehicle components [1] Group 2 - The top circulating shareholder of Inner Mongolia Yijian is the Fortune Fund, which increased its holdings in the Fortune CSI Military Industry Leaders ETF (512710) by 3.0254 million shares, bringing the total to 19.2144 million shares, representing 1.13% of the circulating shares [2] - The Fortune CSI Military Industry Leaders ETF (512710) was established on July 23, 2019, with a current scale of 14.69 billion CNY, achieving a year-to-date return of 22.23% and a one-year return of 20.92% [2]