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 展望四季度，宏观环境依然非常复杂，一方面国内经济仍然面临着不少的压力，从企业库存和价格指数看，经济并没有走完一轮完整的周期，需求和投资复苏较为缓慢，另一方面国际局势并不太平，海外经济下行风险增大，通胀居高不下，叠加俄乌冲突带来的供应链冲击，全球经济疫后复苏的进程随时可能被打断。为了应对日益有失控之势的通胀，海外央行都进行了较为罕见的激进加息，而国内为了应对疲软的需求，加上我国的通货膨胀相对较低，央行适当放松了货币政策，整体市场流动性较为宽裕，向信用端的传导也在慢慢发力，地产政策不断出台，政策托底力度不断在加大，经济未来企稳回升的信号也在不断累积。对股票市场，经济下行周期中有较好增速的行业并不多，新能源仍然是中长期非常看好的方向，但组合也会考虑随着经济慢慢企稳后，其他资产的相对性价比在提升，在这样的情况下，一方面坚持持有中长期看好的新能源、新材料和高端装备等产业升级方向，寻找有较强阿尔法的个股，另一方面也逐步增加对消费电子、医疗、生物科技等方向的配置。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:15.878Z","fund":{"_id":3000000001707,"stockCode":"001707","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2017-05-01T16:00:00.000Z","setUpScale":351731000,"market":"a","tickerId":1707,"custody":"中国农业银行股份有限公司","name":"诺安高端制造股票型证券投资基金","shortName":"诺安高端制造股票(001707)","fundSecondLevel":"company","__csrcFundId":1773,"fundStatus":"normal","lastUpdated":"2026-04-30T18:08:54.805Z","masterFundFlag":1,"inceptionDate":"2017-06-07T16:00:00.000Z","fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安高端制造股票","pinyin":"nagdzzgpxzqtzjj","managers":[{"stockCode":"db20782841","stockType":"fund_manager","exchange":"fm","tickerId":2025207070,"name":"童宇"}]},"announcement":{"linkText":"诺安高端制造股票型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=806266","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5c77fea5b3eb044c84b","date":"2022-06-29T16:00:00.000Z","stockId":3000000001707,"sao":"回顾2022年上半年，市场经历了一轮非常大幅度的调整，起初在海外加息、国内经济下行等的压力下，主要指数开始走弱，进入三四月后因为俄乌冲突和国内疫情等预期外因素的冲击，市场开始大幅下跌，上证指数最低跌到2864点，创业板指数更是从前期高点一口气回调超过35%，这种跌速回溯历史也较为少见，在这样的情况下，虽然组合优选估值性价比较高，且尽可能分散配置，但也无法较好地规避掉大级别的市场下跌风险。三月下半旬开始，组合开始逐步加仓前期一直较为看好但苦于估值过高的新能源板块，尽管在四月相关公司仍然跌势不止，但是其股价和基本面背离程度是越拉越大，因此在四月底随着政府各项托底政策和疫情控制等正面因素的刺激下，指数反弹时新能源等成长板块取得了较好的表现。对于中长期看好的物联网、高端装备制造、新材料、芯片等方向，组合从自下而上的方法精选市场空间大、竞争优势明显的成长个股，也取得了不错的收益。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:15.875Z","mo":"展望下半年，宏观环境依然非常复杂，一方面国内经济仍然面临着不少的压力，从企业库存和价格指数看，经济并没有走完一轮完整的周期，需求和投资复苏较为缓慢，另一方面国际局势并不太平，海外经济下行风险增大，通胀居高不下，叠加俄乌冲突带来的供应链冲击，全球经济疫后复苏的进程随时可能被打断。为了应对日益有失控之势的通胀，海外央行都进行了较为罕见的激进加息，而国内为了应对疲软的需求，加上我国的通货膨胀相对较低，央行适当放松了货币政策，整体市场流动性较为宽裕，向信用端的传导也在慢慢发力。对股票市场，经济下行周期中有较好增速的行业并不多，流动性宽裕背景下较多的资金去追逐较少的成长性高的资产，造成结构性行情越演越烈，估值分化继续拉大。新能源仍然是中长期非常看好的方向，但组合也会考虑随着经济慢慢企稳后，其他相对性价比在提升的资产，在这样的情况下，一方面坚持持有中长期看好的新能源、芯片、新材料和高端装备等产业升级方向，寻找有较强阿尔法的个股，另一方面也逐步增加对消费电子、通信、计算机和医疗器械等方向的研究和配置。","fund":{"_id":3000000001707,"stockCode":"001707","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2017-05-01T16:00:00.000Z","setUpScale":351731000,"market":"a","tickerId":1707,"custody":"中国农业银行股份有限公司","name":"诺安高端制造股票型证券投资基金","shortName":"诺安高端制造股票(001707)","fundSecondLevel":"company","__csrcFundId":1773,"fundStatus":"normal","lastUpdated":"2026-04-30T18:08:54.805Z","masterFundFlag":1,"inceptionDate":"2017-06-07T16:00:00.000Z","fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安高端制造股票","pinyin":"nagdzzgpxzqtzjj","managers":[{"stockCode":"db20782841","stockType":"fund_manager","exchange":"fm","tickerId":2025207070,"name":"童宇"}]},"announcement":{"linkText":"诺安高端制造股票型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=786010","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5c77fea5b3eb044c84a","date":"2022-03-30T16:00:00.000Z","stockId":3000000001707,"sao":"报告期内，本基金聚焦在中国比较有优势的先进制造业，投资那些由低附加值向高附加值升级的行业及公司，挖掘商业模式良好、产品竞争力强、市场空间大的优质成长股。在风险控制上，通过均衡配置细分行业，控制组合整体估值水平，并重视个股估值安全边际。  2022年一季度受内外部环境影响，半导体、新能源等成长股跌幅较大，从长期看这些行业中优秀公司仍有很大的成长空间，在控制风险的前提下，优选成长空间大、竞争优势明显、估值合理的个股；考虑到全球通胀的压力，本基金布局了一些优质周期行业龙头，这些公司低成本优势明显，在资源品长期定价中枢上移的背景下，力争为本基金获得良好收益。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:15.872Z","fund":{"_id":3000000001707,"stockCode":"001707","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2017-05-01T16:00:00.000Z","setUpScale":351731000,"market":"a","tickerId":1707,"custody":"中国农业银行股份有限公司","name":"诺安高端制造股票型证券投资基金","shortName":"诺安高端制造股票(001707)","fundSecondLevel":"company","__csrcFundId":1773,"fundStatus":"normal","lastUpdated":"2026-04-30T18:08:54.805Z","masterFundFlag":1,"inceptionDate":"2017-06-07T16:00:00.000Z","fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安高端制造股票","pinyin":"nagdzzgpxzqtzjj","managers":[{"stockCode":"db20782841","stockType":"fund_manager","exchange":"fm","tickerId":2025207070,"name":"童宇"}]},"announcement":{"linkText":"诺安高端制造股票型证券投资基金2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=727733","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5c77fea5b3eb044c849","date":"2021-12-30T16:00:00.000Z","stockId":3000000001707,"sao":"报告期内，本基金聚焦在中国比较有优势的先进制造业，投资那些由低附加值向高附加值升级的行业及公司，挖掘商业模式良好、产品竞争力强、市场空间大的优质成长股。在风险控制上，通过均衡配置细分行业，控制组合整体估值水平，并重视个股估值安全边际。  对于半导体、核心零部件及材料等一些高精尖的领域，本基金看好相关的国内公司由小变大、完成进口替代的前景，并在未来成为具有比较优势的行业，因此在控制风险的前提下，优选成长空间大、竞争优势明显的个股；在一些新的领域，例如智能制造行业如今面临着快速发展的机遇，其中涉及到电子、通信、计算机和机械等诸多行业前沿技术的运用，里面会诞生出大量的投资机会，本基金也将重点布局。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:15.870Z","mo":"2022年的经济增速、盈利增速可能会下降，但经济下行周期中政策和流动性会相对友好，所以指数可能维持震荡，核心还是要找结构性行情，例如产业升级方向中的高端制造业，电新、半导体、电子等板块都是符合这个方向的。可能有一些领域目前估值较高，但是基本面没有太大问题，待估值下滑到一定程度，有较大吸引力。  上半年应该是政策逐步加码与经济逐步探底的过程，在这个过程中很多与经济强相关的板块业绩增速表现会不太好。经济弱相关的一些板块的业绩增速则会呈现一定的独立性和稀缺性，这部分板块会有很大的机会。此外，2021年受损于各种成本费用的中游制造业公司利润率迎来改善，那些下游需求仍有较好增长的板块将有不错的增长。","fund":{"_id":3000000001707,"stockCode":"001707","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2017-05-01T16:00:00.000Z","setUpScale":351731000,"market":"a","tickerId":1707,"custody":"中国农业银行股份有限公司","name":"诺安高端制造股票型证券投资基金","shortName":"诺安高端制造股票(001707)","fundSecondLevel":"company","__csrcFundId":1773,"fundStatus":"normal","lastUpdated":"2026-04-30T18:08:54.805Z","masterFundFlag":1,"inceptionDate":"2017-06-07T16:00:00.000Z","fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安高端制造股票","pinyin":"nagdzzgpxzqtzjj","managers":[{"stockCode":"db20782841","stockType":"fund_manager","exchange":"fm","tickerId":2025207070,"name":"童宇"}]},"announcement":{"linkText":"诺安高端制造股票型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=714963","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5c77fea5b3eb044c848","date":"2021-09-29T16:00:00.000Z","stockId":3000000001707,"sao":"2021年三季度市场围绕着“碳中和”主线运行，周期品在双控政策下出现价格暴涨，电力短缺影响了企业正常的生产，不少工厂出现拉闸限电的情况，经济运行压力较大，9月份PMI首次跌破荣枯线，经济类滞胀的特征越来越明显。在这种背景下，央行的货币政策受到较大掣肘，对冲经济的宽松货币政策空间不大，未来财政政策很有可能会发力，短期的传统基建和中长期的能源新基建都将有较好的投资机会。基于对经济结构的思考，本基金在三季度适当增加逆周期调节受益的相关标的，同时基于对中长期自动化、智能化生产制造升级的看好，在高端设备、工控零部件、工业机器人、工业生产软件、物联网和相关芯片等领域仍重点布局。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:15.867Z","fund":{"_id":3000000001707,"stockCode":"001707","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2017-05-01T16:00:00.000Z","setUpScale":351731000,"market":"a","tickerId":1707,"custody":"中国农业银行股份有限公司","name":"诺安高端制造股票型证券投资基金","shortName":"诺安高端制造股票(001707)","fundSecondLevel":"company","__csrcFundId":1773,"fundStatus":"normal","lastUpdated":"2026-04-30T18:08:54.805Z","masterFundFlag":1,"inceptionDate":"2017-06-07T16:00:00.000Z","fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安高端制造股票","pinyin":"nagdzzgpxzqtzjj","managers":[{"stockCode":"db20782841","stockType":"fund_manager","exchange":"fm","tickerId":2025207070,"name":"童宇"}]},"announcement":{"linkText":"诺安高端制造股票型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=656476","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5c77fea5b3eb044c847","date":"2021-06-29T16:00:00.000Z","stockId":3000000001707,"sao":"2021年上半年全球经济在疫情反复中复苏，各国央行对收紧流动性显得较为谨慎，因此权益市场估值并没有明显收缩。不过在供需结构性错配的情况下，上游大宗、航运和芯片等价格暴涨，中游制造和下游消费受到较大影响，因此板块之间出现明显分化，上游资源板块和新能源、医药等成长板块涨幅居前，而消费和中游制造表现一般。基于对下半年经济结构的思考，本基金在二季度重点布局了以人工智能、物联网等先进制造业相关标的，降低了在偏中游的设备股仓位，同时加仓了全年业绩高增长且估值合理的标的。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:15.864Z","mo":"展望下半年，经济将逐步恢复到之前的平稳增长，外需逐步回落将带来制造业景气周期的降温，系统性的机会将减少，需要更加重视仍能保持高增长的细分板块。","fund":{"_id":3000000001707,"stockCode":"001707","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2017-05-01T16:00:00.000Z","setUpScale":351731000,"market":"a","tickerId":1707,"custody":"中国农业银行股份有限公司","name":"诺安高端制造股票型证券投资基金","shortName":"诺安高端制造股票(001707)","fundSecondLevel":"company","__csrcFundId":1773,"fundStatus":"normal","lastUpdated":"2026-04-30T18:08:54.805Z","masterFundFlag":1,"inceptionDate":"2017-06-07T16:00:00.000Z","fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安高端制造股票","pinyin":"nagdzzgpxzqtzjj","managers":[{"stockCode":"db20782841","stockType":"fund_manager","exchange":"fm","tickerId":2025207070,"name":"童宇"}]},"announcement":{"linkText":"诺安高端制造股票型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=634268","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5c77fea5b3eb044c846","stockId":3000000001707,"sao":"2021年随着全球疫情的逐步控制，经济开始复苏，海外需求全年都将在比较高的景气度，带动国内制造业和投资的强劲增长，盈利增速加快，不过随着货币政策的逐步退出，估值将受到一定压制，因此盈利高增、估值回落压力不大的板块和个股将会有较好的超额收益。基于对全年制造业高景气和长期国产替代、机器替代人工的看好，本基金将持续挖掘具有极强产品力、研发能力的制造业冠军。这次疫情的爆发给了国内很多公司由中端往高端、由国内往海外发展的机遇，拓展全球市场、提升盈利能力，中长期趋势向好。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:15.861Z","fund":{"_id":3000000001707,"stockCode":"001707","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2017-05-01T16:00:00.000Z","setUpScale":351731000,"market":"a","tickerId":1707,"custody":"中国农业银行股份有限公司","name":"诺安高端制造股票型证券投资基金","shortName":"诺安高端制造股票(001707)","fundSecondLevel":"company","__csrcFundId":1773,"fundStatus":"normal","lastUpdated":"2026-04-30T18:08:54.805Z","masterFundFlag":1,"inceptionDate":"2017-06-07T16:00:00.000Z","fundCollectionId":4000050330000,"currency":"CNY","masterFundShortName":"诺安高端制造股票","pinyin":"nagdzzgpxzqtzjj","managers":[{"stockCode":"db20782841","stockType":"fund_man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