| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600309 | 万华化学 | -1.42% | 10.47% | | 601857 | 中国石油 | -0.20% | 7.63% | | 000792 | 盐湖股份 | 2.46% | 6.44% | | 600028 | 中国石化 | -3.73% | 6.44% | | 600938 | 甲国海海 | -0.56% | 5.22% | | 600160 | 巨化股份 | -3.91% | 4.51% | | 000408 | 藏格矿业 | -1.41% | 3.82% | | 600143 | 金发科技 | 3.25% | 3.69% | | 600426 | 华鲁恒升 | -1.53% | 3.31% | | 600989 | 宝幸能源 | -1.77% | 3.27% | 截至1月9日，石化ETF近2年净值上涨49.64%。从收益能力看，截至2026年1月9日，石化ETF自成立以来，最高单月回报为15.86%，最长连涨月数为8个月， 最长连涨涨幅为41.60%，上涨月份平均收益率为5.25 ...

| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600309 | 万华化学 | -0.55% | 10.47% | | 601857 | 中国石油 | -3.51% | 7.63% | | 000792 | 盐湖股份 | -0.22% | 6.44% | | 600028 | 中国石化 | -1.46% | 6.44% | | 600938 | 甲国海油 | -4.20% | 5.22% | | 600160 | 巨化股份 | 0.44% | 4.51% | | 000408 | 藏格矿业 | -1.26% | 3.82% | | 600143 | 金发科技 | 0.16% | 3.69% | | 600426 | 华鲁恒升 | 0.03% | 3.31% | | 600989 | 宝丰能源 | 0.44% | 3.27% | （以上所列股票仅为指数成份股，无特定推荐之意） 截至1月6日，石化ETF近2年净值上涨48.72%。从收益能力看，截至2026年1月6日，石化ETF自成立以 来，最高单月回报为15.86%，最长连涨月数为8个月，最长连涨涨幅 ...

截至2026年1月6日11:25，中证石化产业指数强势上涨3.61%，成分股恒力石化上涨8.13%，鲁西化工上涨7.87%，万华化学上涨7.25%，桐昆股份、华鲁恒 升、等个股跟涨。石化ETF(159731)上涨3.47%，最新价报0.95元。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600309 | 万华化学 | 7.25% | 10.47% | | 601857 | 中国石油 | 1.39% | 7.63% | | 000792 | 盐湖股份 | 4.75% | 6.44% | | 600028 | 中国石化 | 1.64% | 6.44% | | 600938 | 甲国海海 | 2.24% | 5.22% | | 600160 | 巨化股份 | 1.43% | 4.51% | | 000408 | 藏格矿业 | 2.49% | 3.82% | | 600143 | 金发科技 | 0.42% | 3.69% | | 600426 | 华鲁恒升 | 6.87% | 3.31% | | 600989 | 宝丰能源 | 4.31% | 3.2 ...

截至2026年1月5日10:05，中证石化产业指数下跌0.36%。成分股方面涨跌互现，盐湖股份、亚钾国际、藏格矿业等领涨；恒逸石化、广东宏大、恒力石化等 领跌。石化ETF(159731)下跌0.22%，最新报价0.92元。从资金净流入方面来看，石化ETF近4天获得连续资金净流入，合计"吸金"2620.60万元。石化ETF最 新份额达2.67亿份，最新规模达2.45亿元，创近1年新高。 截至12月31日，石化ETF近2年净值上涨41.49%。从收益能力看，截至2025年12月31日，石化ETF自成立以来，最高单月回报为15.86%，最长连涨月数为8个 月，最长连涨涨幅为41.60%，上涨月份平均收益率为5.25%。截至2025年12月31日，石化ETF近1年超越基准年化收益为2.05%。 （以上所列股票仅为指数成份股，无特定推荐之意） 石化ETF(159731)，场外联接(华夏中证石化产业ETF发起式联接A：017855；华夏中证石化产业ETF发起式联接C：017856)。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- ...

如大势调整，则上述方向可能出现较为容易的布局机会；如大势持续强势，则静待各大指数成功突破前 高后，在震荡中布局。 方向上，以上述景气方向(算力、光伏、储能、电网设备、有色石化)，再结合低位的港股科技、自由现 金流等资产为主，组合更具韧性。 相关ETF 上周(12月22日~12月26日)，离岸人民币破7，A股市场也完成中期调整，日K"八连阳"收涨，接近11月 中旬高点。行业主题方面，有色金属、电力设备等行业涨幅居前。12月24日下午~12月26日，港股因圣 诞休市。 接下来，跨年红包行情能否持续是投资者关注的重点之一。多数机构投资者情绪乐观，认为今年春季躁 动行情有望提前。中信建投（601066）证券回顾以往牛市八连阳案例，发现：牛市中期的八连阳占比较 多，指数在该阶段之后有较大概率维持稳定的涨势，在八连阳结束之后，市场后五个交易日以及后六十 个交易日的涨幅均值分别达1.57%、15.95%。 展望后市，华夏基金投资者回报研究中心王波认为具备两种可能性： ①近期市场持续上涨有力激发人气，增量资金回升，算力、有色、石化、航空航天及高端制造等景气科 技和周期方向持续发力，短期震荡后，指数有望突破前高，大势延续上行并 ...

石化ETF紧密跟踪中证石化产业指数，数据显示，截至2025年11月28日，中证石化产业指数前十大权重 股分别为万华化学、中国石油、盐湖股份、中国石化、中国海油、藏格矿业、巨化股份、华鲁恒升、恒 力石化和宝丰能源，前十大权重股合计占比56.67%。（以上所列股票仅为指数成份股，无特定推荐之 意） 石化ETF(159731)，场外联接(华夏中证石化产业ETF发起式联接A：017855；华夏中证石化产业ETF发 起式联接C：017856)。 截至2025年12月5日9:50，中证石化产业指数上涨0.45%，成分股和邦生物、扬农化工、藏格矿业、万华 化学、广东宏大等领涨。石化ETF(159731)上涨0.60%，最新价报0.84元。资金流入方面，石化ETF近10 个交易日内有9日资金净流入，合计"吸金"2550.14万元。 截至12月4日，石化ETF近2年净值上涨27.89%。从收益能力看，截至2025年12月4日，石化ETF自成立 以来，最高单月回报为15.86%，最长连涨月数为7个月，最长连涨涨幅为27.01%，上涨月份平均收益率 为4.96%。截至2025年12月4日，石化ETF近6个月超越基准年化收益为4.4 ...

Core Insights - The report emphasizes the construction of a strategy portfolio based on industry and thematic ETFs, leveraging insights from previous strategy reports on industry rotation and ETF market overview [2][3]. Strategy Update - The strategy has seen a cumulative net return of approximately 4.59% during the period from November 24 to November 28, 2025, with an excess return of about 3.03% compared to the CSI 300 ETF [3][12]. - Since October 14, 2024, the cumulative return of the strategy sample has reached approximately 23.58%, with an excess return of about 4.05% relative to the CSI 300 ETF [3][4]. ETF Holdings and Performance - The report lists various ETFs with their respective market values and holdings, indicating adjustments in positions such as the addition of real estate, grain, petrochemical, chemical, and tourism ETFs, while continuing to hold the electric grid equipment ETF [3][12]. - The weekly performance of the ETF portfolio shows an average return of 4.59%, with specific ETFs like the electric grid equipment ETF maintaining a strong position [3][12]. Recommended Sectors and Products - For the upcoming week, the strategy recommends increasing holdings in sectors such as real estate development, agriculture, refining and trading, and tourism, while continuing to hold the electric grid equipment ETF [12].

Group 1 - The Petrochemical ETF (159731) has seen a 0.49% increase, with top-performing holdings including Xingfa Group, Luxi Chemical, and Yara International. The ETF has experienced net inflows in 8 out of the last 10 trading days, totaling 22.42 million yuan, with the latest share count reaching a record high of 228 million [1][2]. - A hydrogen refueling station in Chongqing has received national utility model patent certification and is recognized as the first major technological equipment in the region. This station utilizes a 45 MPa high-pressure hydrogen storage well technology, marking a significant breakthrough in high-pressure underground hydrogen storage technology and commercialization in China [1]. - Tianfeng Securities indicates that the petrochemical industry is at a critical turning point driven by policies aimed at controlling growth and reducing excess capacity. The industry is entering the tail end of the production cycle, with significant slowdowns in capacity growth expected for most products by 2026. The PX industry chain is anticipated to provide substantial profit elasticity for refining enterprises amid increasing supply-demand contradictions [1]. Group 2 - The Petrochemical ETF closely tracks the CSI Petrochemical Industry Index, with the basic chemical industry accounting for 60.85% and the oil and petrochemical industry for 32.16%. Ongoing "anti-involution" measures targeting the chemical industry are a core support for the sector's strength [2].

Group 1 - The core viewpoint of the article highlights the recent performance of the petrochemical ETF, which has seen a slight decline of 0.12%, while several of its constituent stocks have shown positive gains. The ETF has experienced net inflows in 8 out of the last 10 trading days, totaling 24.13 million yuan, with its latest share count reaching a record high of 227 million shares [1][2] - The introduction of the "Petrochemical Industry Steady Growth Work Plan (2025-2026)" aims to address the dual challenges of intensified competition in basic raw materials and insufficient supply of high-end chemicals. The plan's core objective is to reduce "involutionary" competition and shift the development model from "quantitative expansion" to "qualitative improvement" [1] - According to Zhongyin Securities, the industry has been significantly impacted by tariff-related policies and fluctuations in crude oil prices. The medium to long-term investment recommendations include: 1) Recovery in demand supported by policies, with continuous optimization on the supply side, leading to potential dual improvements in performance and valuation for leading enterprises; 2) Rapid development in downstream industries such as semiconductor materials, OLED materials, and new energy materials, providing ample growth opportunities; 3) Focus on sub-industries like fluorochemicals, agrochemicals, refining, dyes, polyester filament, and tires, which are expected to maintain or improve their high levels of prosperity [1] Group 2 - The petrochemical ETF closely tracks the CSI Petrochemical Industry Index, with the basic chemical industry accounting for 60.85% and the oil and petrochemical industry for 32.16%. Driven by policy, China's petrochemical industry is expected to reshape its competitiveness, with supply-side structural reforms promoting sustained improvement in industry prosperity [2]

Core Insights - The petrochemical ETF (159731) has seen a recent increase in net inflow, totaling 13.1 million yuan over the past three days, indicating strong investor interest [1][3] - The petrochemical ETF's net asset value has risen by 22.83% over the past six months, showcasing its strong performance [3] - The chemical industry is expected to enter a favorable investment period as the market transitions from Q3 reports to year-end reports, with a focus on potential growth opportunities [3] Summary by Category ETF Performance - The petrochemical ETF's latest price is 0.81 yuan, with a total share count reaching 227 million, marking a one-year high [1] - The ETF's total scale has reached 184 million yuan, also a one-year high [1] - The highest monthly return since inception was 15.86%, with an average monthly return of 5.06% during rising months [3] Market Trends - The overall weighted operating rate in the chemical industry is at a historical high, while price differentials remain at the bottom, indicating potential for a reversal as inventory decreases [3] - The petrochemical industry is expected to accelerate its transformation and upgrading with the introduction of the "Petrochemical Industry Steady Growth Work Plan (2025-2026)" [3] Major Holdings - As of October 31, 2025, the top ten weighted stocks in the CSI Petrochemical Industry Index account for 56.05% of the index, including major companies like Wanhua Chemical and China Petroleum [3]