华宝基金 红利情报局 2025.9.24 Q 风险偏好修复期如何看高股息? 热点动态 新国补或利好中高端白色家电发展 华西证券指出:尽管第三批国补资金陆续下达,但部分省市 += リナーナー -- 1-11-1 -1 齿填补上半年补贴缺口寺齿索,向末重启活动,已经恢复活 动的部分地区仍存在抢券难的现象,第三批资金尚未完全缓 解地方压力,随着第四批补贴逐步释放,或将释放全国层面 补贴资金的流动性。随着国补资源稀缺性增强,品牌或从全 面覆盖转向精准投放,倾向于将资源投向中高端产品,补贴 降低中高端机型的购买门槛,拉动产品结构升级,提升品牌 整体均价及盈利能力。 风险偏好修复期,或可关注周期型与潜力型红利 华泰证券指出,市场风险偏好修复仍是短期制约高股息资产 相对收益的重要因素. 2025年或可继续关注建议关注"反内 卷"相关周期型红利(化工、钢铁等),及部分潜力型红利(铁 路公路、白酒、食品加工等)。 11 行业股息龙虎榜-股息率前五板块 || (近12月股息率) 白色家电 煤炭开采 股份制银行II 4.98% 5.19% 5.02% 炼化及贸易 农商行II 4.63% 4 66% 数据来源:华西证券、华泰证券、胶 ...

MACD金叉信号形成，这些股涨势不错！ 联接A 022887 跟踪指数(全收益)- 近一年收益率 37.25% 股息率 5.60% 慢牛神器 李李可读估分红* 800红利低波ETF| 159355 联接A 023321 跟踪指数(全收益) - 近一年收益率 20.32% 股息率 4.06% *注:分红机制请详见下方注释部分 能追牛 能扛能 际普红利ETF | 562060 联接A 501029 联接C 005125 - 跟踪指数(全收益) - 股息率 5.12% 近一年收益率 30.37% 聚焦大盘蓝筹现金牛 300现金流ETF | 562080 联接A 024367 联接C 024368 - 跟踪指数(全收益) - 近一年收益率 22.75% 股息率 4.10% 智选红利 主动精品 华宝红利精选混合 | ^类 009263 410841 )华宝基金 / 17 7 2 pl 行业均衡 收守身ね A500红利低波ETF| 159296 跟踪指数(全收益) 近一年收益率 22.20% 股息率 |4.10% 息极强"清语好 T+0 港股通红利ETE | 159220 责任编辑：杨赐 ...

Market Overview - The market temperature indicator reflects the PE ratio percentile of corresponding indices over the past ten years, with a total value of 100% [1] - As of August 21, 2025, the Shanghai Composite Index and Shenzhen Component Index showed slight fluctuations, with the former increasing by 0.13% and the latter decreasing by 0.06% [1] Sector Performance - The top three sectors with net capital inflows include: - Retail: 350 million - Comprehensive: 127 million - Steel: 9 million - The sectors with the highest net capital outflows are: - Electronics: -9.703 billion - Machinery: -7.311 billion - Power Equipment: -5.750 billion [2] ETF Performance - The Chemical ETF showed a 0.70% increase, with a six-month rise of 11.20% [4] - The Financial Technology ETF increased by 1.04%, with a six-month rise of 17.37% [4] - The Consumer Leader ETF had a six-month increase of 4.19% [4] Financial Technology Sector - On August 21, 2025, the Financial Technology sector was notably active, with significant gains in digital currency and cross-border payment stocks, leading to a theme index increase of over 1% [6] - The influx of incremental capital and regulatory optimizations are expected to drive the Financial Technology sector's growth [6] Chemical Sector - The Chemical sector continued its upward trend, with the industry theme index closing up over 1% on August 21, 2025 [6] - The sector is anticipated to have significant upward elasticity due to the clearing of backward production capacity and an optimized competitive landscape [6]