油气股走低，标普油气ETF嘉实跌2.8%。房地产板块回调，地产ETF、房地产ETF银华分别跌2.74%和 2.71%。汽车股飘绿，港股汽车ETF、港股通汽车ETF富国分别跌2.38%和2.09%。 格隆汇2月26日｜上证指数午盘跌0.08%，创业板指跌0.39%。AI应用、锂电池、金融科技、光伏、黄 金、创新药概念股走弱，房地产、保险行业跌幅靠前。电路板、超硬材料、特高压题材活跃。 ETF方面，ESGETF午盘尾盘异动拉升6.28%。存储芯片板块继续拉升，中韩半导体ETF涨4.82%。AI硬 件板块走强，5GETF博时、通信ETF华夏和通信ETF分别涨3.28%、2.79%和2.49%。电网板块逆势上 涨，电网ETF、电网设备ETF均涨3%。机械板块走高，科创机械ETF嘉实、工业母机ETF涨2.94%、 2.48%。 MACD金叉信号形成，这些股涨势不错！ ...

工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取涉及机床整机及 关键零部件制造和服务的上市公司证券作为指数样本，以反映机床产业相关上市公司证券的整体表现。 指数成分股集中于机械设备行业，呈现偏中小盘风格，涵盖数控、激光加工等细分领域，主要配置在工 业、信息技术和原材料等行业。 2月25日，工业母机ETF（159667）收涨超2.4%，未来行业景气度有望回升 （文章来源：每日经济新闻） 湘财证券指出，随着国内政策持续发力，叠加"反内卷"等措施有望带动制造业盈利能力修复，未来制造 业景气度有望逐渐回升，带动上游机械设备总体需求持续好转。具体来看，在机器人板块，2026年春晚 中我国人形机器人头部企业展示出色性能，有望带动相关产品出货量快速增长，叠加特斯拉Optimus V3 有望定型并进入量产环节，我国及全球人形机器人产销量有望呈爆发式增长，进而带动上游减速器、丝 杠等核心零部件需求大幅扩大。在半导体设备板块，全球人工智能和数据中心建设浪潮下，存储等芯片 价格持续快速上涨，有望驱动半导体企业加速扩产。叠加国内存储龙头有望上市以及国产化进程持续， 我国半导体设备行业需求有望 ...

Core Viewpoint - The industrial mother machine ETF (159667) has seen a rise of over 2% with a net inflow of over 10 million units, indicating a potential gradual recovery in manufacturing industry sentiment [1][2]. Group 1: Market Performance - The industrial mother machine ETF (159667) recorded a net inflow of 11 million units during trading, reflecting strong capital interest [2]. - The ETF tracks the China Securities Machine Tool Index (931866), which includes listed companies involved in the manufacturing and servicing of machine tools and key components [2]. Group 2: Industry Outlook - Domestic policies and measures aimed at reducing competition are expected to enhance the profitability of the manufacturing sector, leading to a gradual recovery in manufacturing sentiment [2]. - The global trends in artificial intelligence and data center construction are driving rapid price increases in storage and chips, which is likely to accelerate production expansion in the semiconductor industry [2]. - The upcoming 2026 CCTV Spring Festival Gala is anticipated to showcase humanoid robots from leading companies, potentially boosting product shipment volumes significantly [2]. - The development of Tesla's Optimus V3 is expected to enter mass production, which could lead to explosive growth in the production and sales of humanoid robots globally, thereby increasing demand for upstream core components [2].

（文章来源：每日经济新闻） 券商研报指出，"十五五"首个中央一号文件聚焦农田现代化建设，将拉动土方开挖、路基修整、物料装 卸、场地平整等施工需求，对挖掘机、装载机形成显著的市场需求拉动，挖机尤以小挖为主。2026年1 月我国土方机械内外销量同步大幅增长，挖掘机国内销量同比+61.4%，出口量同比+40.5%；装载机国 内销量同比+42.8%，出口量同比+53.4%。全国各地重大项目逐步开工，交通基建、城市更新、民间投 资项目等多领域布局加码，进一步拓宽土方机械的应用场景，持续释放施工需求。土方机械年初迎来内 外销同步增长的良好开局，行业景气度持续升温，后续多重利好因素将形成叠加支撑。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取涉及机床整机制 造、数控系统、轴承等关键零部件业务的上市公司证券作为指数样本，主要覆盖机械设备、电子、新能 源、机器人等行业，以反映机床产业链相关上市公司证券的整体表现。该指数偏重中小盘风格，兼具盈 利性与成长性，并注重研发创新能力。 ...

Group 1 - The Industrial Mother Machine ETF (159667) increased by over 1.4% on January 27 [1] - Looking ahead to 2026, domestic policies and measures to reduce competition are expected to enhance the profitability of the manufacturing sector, leading to a gradual recovery in manufacturing sentiment and improved demand for upstream machinery and equipment [1] - The space photovoltaic sector is anticipated to create new growth opportunities for photovoltaic processing equipment, with estimated equipment values of 64.4 billion yuan for battery production and 10.8 billion yuan for component production needed for 200GW of space solar manufacturing capacity [1] Group 2 - The humanoid robot industry is expected to enter a mass production phase in 2025, resulting in significant growth in both external sales and internal usage by industry leaders, alongside rapid increases in investment and financing within the sector [1] - The core technologies and supply chains for humanoid robots are projected to accelerate, driving a swift increase in demand for upstream core components [1] - The Industrial Mother Machine ETF tracks the China Securities Machine Tool Index (931866), which reflects the overall performance of listed companies involved in the manufacturing and servicing of machine tools and their key components [1]

Report Summary 1) Report Industry Investment Rating - No information provided in the content 2) Core Viewpoints of the Report - The Financial Street Securities Research Institute constructed a strategy portfolio based on industry and thematic ETFs, referring to two strategy reports published in 2024 [2]. - From January 19 to January 23, 2026, the strategy's cumulative net return was about 2.01%, and the excess return relative to the CSI 300 ETF was about 2.68%. From October 14, 2024, to the present, the out - of - sample cumulative return of the strategy was about 44.34%, and the cumulative excess return relative to the CSI 300 ETF was about 19.78% [3]. - For the week of January 26, 2026, the model recommended allocating to sectors such as precious metals, industrial metals, and communication equipment. The strategy will newly hold products like Gold Stocks ETF, Mining ETF, Communication ETF, Game ETF, and Industrial Mother Machine ETF, and continue to hold products like Power Grid Equipment ETF [3][12]. 3) Summary by Relevant Catalogs Strategy Construction - The Financial Street Securities Research Institute constructed a strategy portfolio based on industry and thematic ETFs, referring to "Strategy Portfolio Report under Industry Rotation: Quantitative Analysis from the Perspective of Industry Style Continuity and Switching" (20241007) and "Research on the Overview and Allocation Methods of the Stock - type ETF Market: Taking the ETF Portfolio Based on the Industry Rotation Strategy as an Example" (20241013) [2]. Portfolio Adjustment - In the week of January 26 - January 30, 2026, Gold Stocks ETF (market value: 178.55 billion yuan), Mining ETF (market value: 26.44 billion yuan), Communication ETF (market value: 142.74 billion yuan), Game ETF (market value: 145.64 billion yuan), Industrial Mother Machine ETF (market value: 13.70 billion yuan), Chemical ETF (market value: 298.64 billion yuan), VR ETF (market value: 1.82 billion yuan), Consumer Electronics ETF (market value: 30.12 billion yuan), and Petrochemical ETF (market value: 9.10 billion yuan) were to be newly added to the portfolio. Power Grid Equipment ETF (market value: 167.78 billion yuan) was to be held continuously [3]. - In the week of January 19 - January 23, 2026, Defense ETF, Securities and Insurance ETF E Fund, Tourism ETF, Agriculture, Forestry, Animal Husbandry and Fishery ETF, Communication Equipment ETF, Energy Storage Battery ETF E Fund, Financial ETF, and Oil and Gas ETF Huatai - PineBridge were removed from the portfolio. Power Grid Equipment ETF was held continuously, and Grain ETF was newly added [12]. Performance Tracking - From January 19 to January 23, 2026, the strategy's cumulative net return was about 2.01%, and the excess return relative to the CSI 300 ETF was about 2.68%. From October 14, 2024, to the present, the out - of - sample cumulative return of the strategy was about 44.34%, and the cumulative excess return relative to the CSI 300 ETF was about 19.78% [3]. Risk Signal - As of the end of last week, some ETFs and the trading timing signals of the underlying indexes gave daily or weekly risk warnings [12].

每日经济新闻 （责任编辑：张晓波 ） 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取涉及机床整 机及其关键零部件制造和服务的上市公司证券作为指数样本，以反映机床产业相关上市公司证券的整体 表现。成分股集中于机械设备行业，重点覆盖制造业领域。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供 参考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构 成投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产 品要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 资金面看，工业母机ETF（159667）连续3日资金净流入超1亿元，工业发展迎来全新机遇。 国金证券指出，国内卫星放量的迫切需求将倒逼国内火箭放量，看好Space X链和火箭的3D打印方 向。3D打印技术能实现功能集成、大幅减少零部件数量并优化结构，带来显著的轻量化等优势，可有 效降低发动机制造成本。目前国内相关技术应用已有基础，但相比国际先进标准化体系尚有不足，后续 渗透率有较大提升 ...

工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取涉及机床整机及 其关键零部件制造和服务的上市公司证券作为指数样本，以反映机床产业的整体表现。该指数成分股主 要集中于工业领域，具有较高的行业集中度特征，侧重制造业配置。 （文章来源：每日经济新闻） 1月16日，工业母机ETF（159667）盘中涨超2.5%，政策端持续发力。 国元证券指出，政策端持续发力，工业和信息化部等八部门印发《"人工智能+制造"专项行动实施意 见》，提出推动具身智能产品创新，建设人形机器人中试基地和训练场，打造人形机器人标杆产线。工 业和信息化部办公厅印发的《工业互联网和人工智能融合赋能行动方案》也提出，鼓励企业联合推进工 业通信芯片、传感器等智能化升级，逐步深化人形机器人应用。地方层面，广州市规划到2035年引育一 批智能装备与机器人骨干企业，产业规模达到3000亿级；四川省方案要求全力突破具身智能等方面关键 核心技术。产业层面，伴随国内主机厂商量产确定性增加，产品技术迭代加速，小鹏汽车宣布将于2026 年启动人形机器人规模量产，乐聚机器人与阿里云达成全栈AI合作，OpenAI等公司也推出新型家务 ...

相关机构表示，基本面看，我国机床行业长期呈现"大而不强"格局，高端领域仍依赖进口，替代空间广 阔。近年来，在政策支持与供应链自主化趋势下，国内核心零部件竞争力逐步增强，数控化率也稳步提 升——2023年我国金属加工机床数控化率已回升至约40%，但与发达国家普遍超过70%的水平相比，仍 有较大成长潜力。 （文章来源：每日经济新闻） 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取50只涉及机床整 机及其关键零部件制造和服务的上市公司证券作为指数样本，以反映机床产业相关上市公司证券的整体 表现。该指数成分股主要集中于机械设备行业，具有较高的行业集中度特征，整体呈现偏中小盘风格。 ...

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - The strategy based on industry and theme ETFs was constructed by the Financial Street Securities Research Institute, and the portfolio was updated weekly. From January 5 - 9, 2026, the strategy's cumulative net return was about 8.72%, and the excess return relative to the CSI 300 ETF was about 5.94%. From October 14, 2024, to January 9, 2026, the strategy's out - of - sample cumulative return was about 41.66%, and the cumulative excess relative to the CSI 300 ETF was about 15.74% [3] - In the week of January 12, 2026, the model recommended allocating sectors such as aviation equipment, aerospace equipment, and aviation airports. The strategy would add holdings of products like Aerospace ETF, Grain ETF, and Power Grid Equipment ETF, and continue to hold products like Satellite Industry ETF, Tourism ETF, and Communication Equipment ETF [13] Group 3: Summary According to the Catalog Strategy Construction - The Financial Street Securities Research Institute constructed a strategy portfolio based on industry and theme ETFs, referring to the strategy reports "Strategy Portfolio Report under Industry Rotation: Quantitative Analysis from the Perspective of Industry Style Continuity and Switching" (20241007) and "Research on the Overview and Allocation Methods of the Stock - type ETF Market: Taking the ETF Portfolio Based on the Industry Rotation Strategy as an Example" (20241013) [2] Strategy Update - The strategy updated the holdings of ETFs. Newly added holdings included Aerospace ETF, Grain ETF, and Power Grid Equipment ETF. Continued holdings included Satellite Industry ETF, Tourism ETF, etc. [3][13] Performance Tracking - From January 5 - 9, 2026, the strategy's cumulative net return was about 8.72%, and the excess return relative to the CSI 300 ETF was about 5.94%. From October 14, 2024, to January 9, 2026, the strategy's out - of - sample cumulative return was about 41.66%, and the cumulative excess relative to the CSI 300 ETF was about 15.74% [3] Future Recommendations - In the week of January 12 - 16, 2026, the model recommended allocating sectors such as aviation equipment, aerospace equipment, and aviation airports, and recommended products for investment [13]