window.pageData = {"stock":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合A","fundSecondLevel":"hybrid","fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50640000","tickerId":50640000,"name":"平安基金管理有限公司"},"managers":[{"name":"王华","stockType":"fund_manager","stockCode":"db20821734","exchange":"fm","tickerId":2308213080}],"hotMetrics":{"fss":{"stockId":3000000003626,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0,"f_ins_h_s_r_c_hy":0,"f_ins_h_s_r_c_1y":0,"f_ind_h_s_r":1,"f_ind_h_s_r_c_hy":0,"f_ind_h_s_r_c_1y":0,"f_h_a":332,"f_h_s_a":827,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000003626,"type":"fpr","f_p_r_fys_ssc":8961,"f_p_r_fys_ssrp":0.09542410714285714,"f_p_r_m1_ssc":9322,"f_p_r_m1_ssrp":0.015663555412509387,"f_p_r_m3_ssc":9178,"f_p_r_m3_ssrp":0.07486106570774763,"f_p_r_m6_ssc":8961,"f_p_r_m6_ssrp":0.09553571428571428,"f_p_r_y1_ssc":8435,"f_p_r_y1_ssrp":0.12781598292625088,"f_p_r_y2_ssc":7803,"f_p_r_y2_ssrp":0.08843886183029992,"f_p_r_y3_ssc":7019,"f_p_r_y3_ssrp":0.05186662866913651,"f_p_r_y5_ssc":4530,"f_p_r_y5_ssrp":0.034444689776992714,"f_cagr_p_r_fs_ssc":9280,"f_cagr_p_r_fs_ssrp":0.2580019398642095},"fp":{"stockId":3000000003626,"type":"fp","f_p_r_fys":0.5490498485265769,"f_p_r_m1":0.3337917951150109,"f_p_r_m3":0.5895885145828623,"f_p_r_m6":0.5490498485265769,"f_p_r_y1":0.9898818368357747,"f_p_r_y3":1.4191827956989251,"f_p_r_y5":1.358125104813014,"f_cagr_p_r_fs":0.11754125866017406,"f_p_r_d1":-0.006073386756642818,"f_p_r_y2":1.6349667384990174,"last_data_date":"2026-06-30T16:00:00.000Z","f_i_d":"2016-12-06T16:00:00.000Z"},"ff":{"stockId":3000000003626,"type":"ff","f_m_f":116760,"f_m_f_r":0.006,"f_c_f":19460,"f_c_f_r":0.001,"f_m_a_c_f":136220,"f_m_a_c_f_r":0.007,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2026-05-28T16:00:00.000Z","f_m_fr":0.006,"f_mac_fr":0.007},"f_nlacan":{"stockId":3000000003626,"type":"f_nlacan","f_nv_d":"2026-06-30T16:00:00.000Z","f_nv":2.8123,"f_nv_cr":-0.008112016365111274},"f_as":{"stockId":3000000003626,"type":"f_as","f_tas":3103530.1364,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000006433,"stockCode":"006433","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":6433,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合C","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2025-01-04T00:31:58.453Z","inceptionDate":"2018-09-13T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"paxllhpzhhxzqtzjj","memoNum":1}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":933,"holdings":62900,"marketCap":1937320,"netValueRatio":0.0477,"quarterlyChange":0.12122315253003313,"stock":{"stockCode":"000933","exchange":"sz","stockType":"company","tickerId":933,"name":"神火股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":300390,"holdings":30400,"marketCap":1778400,"netValueRatio":0.0438,"quarterlyChange":0.07123237502288982,"stock":{"stockCode":"300390","exchange":"sz","stockType":"company","tickerId":300390,"name":"天华新能"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":688127,"holdings":28881,"marketCap":1641307,"netValueRatio":0.0404,"quarterlyChange":0.4764873993245007,"stock":{"stockCode":"688127","tickerId":688127,"exchange":"sh","stockType":"company","name":"蓝特光学"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":300763,"holdings":16200,"marketCap":1618380,"netValueRatio":0.0398,"quarterlyChange":0.3989637305699498,"stock":{"stockCode":"300763","exchange":"sz","stockType":"company","tickerId":300763,"name":"锦浪科技"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":688390,"holdings":16957,"marketCap":1603284,"netValueRatio":0.0395,"quarterlyChange":0.5218091099307904,"stock":{"stockCode":"688390","tickerId":688390,"exchange":"sh","stockType":"company","name":"固德威"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":1203,"holdings":39400,"marketCap":1573242,"netValueRatio":0.0387,"quarterlyChange":0.30277324632952696,"stock":{"stockCode":"001203","tickerId":1203,"exchange":"sz","stockType":"company","name":"大中矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":605117,"holdings":11800,"marketCap":1551228,"netValueRatio":0.0382,"quarterlyChange":0.5250580046403721,"stock":{"stockCode":"605117","tickerId":605117,"exchange":"sh","stockType":"company","name":"德业股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":2895,"holdings":37800,"marketCap":1493856,"netValueRatio":0.0368,"quarterlyChange":0.07801418439716357,"stock":{"stockCode":"002895","exchange":"sz","stockType":"company","tickerId":2895,"name":"川恒股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":688717,"holdings":12446,"marketCap":1456182,"netValueRatio":0.0358,"quarterlyChange":0.8993506493506485,"stock":{"name":"艾罗能源","exchange":"sh","stockType":"company","stockCode":"688717","tickerId":688717}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000003626,"stockId":688,"holdings":37300,"marketCap":1449851,"netValueRatio":0.0357,"quarterlyChange":0.3982014388489197,"stock":{"stockCode":"000688","exchange":"sz","stockType":"company","tickerId":688,"name":"国城矿业"}}],"lastFsMetrics":{"latestTurnoverRate":12.991122146673513,"latestTurnoverRateDate":"2025-12-30T16:00:00.000Z"}},"list":[{"_id":"69e8ea791398d79843fe87ab","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000003626,"sao":"基本面的回顾，过去的一个季度，经济基本面总体平稳，出口保持韧性，消费和制造业有复苏的迹象。房地产行业依然处于快速探底阶段，国内经济复苏可能还需要长时间的观察。外部环境骤变，中东的冲突打乱了原有的节奏，市场缺乏明显的投资主线。　　本产品保持了周期和成长均衡配置的策略。周期板块，期初主要配置了贵金属和工业金属，随着全球“宽货币和宽财政”预期落空后，逐步减少了有色板块的配置。随之在3月初突然爆发的中东危机，预期短期结束的可能性较低，周期的配置逐步加仓到应对危机的化工、资源、新能源等板块，事后观察实际的市场反馈，短期没有起到对冲组合风险的作用，对净值造成了比较明显的回撤。科技板块，期初配置的仓位主要在国产算力，事后来看，国产AI的发展比预期的节奏要慢，相关的投资品种也出现了调整。对于创新药，产业出海的大逻辑并未破坏，在整个板块调整较充分之后，本季度末逐步开始布局建仓。","lastUpdated":"2026-04-22T15:34:17.280Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1478899","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69cbc629381dd95da7df4af1","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-30T16:00:00.000Z","stockId":3000000003626,"sao":"2025年经济基本面总体运行平稳，出口驱动经济增长。投资端，固定资产投资下半年明显收缩，房地产投资持续大幅下滑，基建和制造业投资下半年明显收紧。消费端，保持了一定韧性，下半年消费的增速缓慢放缓。贸易端，出口依然保持很强的支撑韧性，是经济增长的主要动力。主要价格指数，PPI跌幅收窄，CPI略有回升，显示在“反内卷”和“消费补贴”等政策的共同作用下，经济在下半年逐渐呈现出缓慢复苏的迹象。　　股市在过去的一年，整体走势呈现上涨趋势。上半年，在全球贸易摩擦和关税影响下，股市经历了较大波动，先抑后扬。下半年，市场在关税风险逐步明朗后，经历了一波不错的稳定上涨的阶段。　　本产品保持了周期和成长均衡配置的策略。周期板块，主要配置了有色和非银的龙头品种；成长板块，主要配置了创新药和AI算力产业链的龙头品种。在板块之间和板块内部做了适度的仓位轮动和平衡。","lastUpdated":"2026-03-31T13:03:37.917Z","mo":"2026年，国内经济将会呈现持续复苏态势，上市公司基本面盈利可能迎来显著的改善。PPI在基数效应，以及“反内卷”政策持续的引导中，中游行业将迎来周期的拐点。CPI在房地产价格见底，以及股市财富效应下，消费意愿将得到修复和改善，有助于消费品价格指数缓慢回升。其次，在实际利率偏高的情况下，货币有望持续宽松，流动性依然友好。另外，AI引领的科技浪潮依然处于高速发展阶段，商业航天、可控核聚变、机器人等科技板块充满生机，市场交易保持活跃。所以，总体上我们对2026年的市场保持乐观。　　未来一年，“盈利”将是我们重点考量的维度。我们将围绕两条主线进行研究和投资，其一，周期板块，主要逻辑关注国内PPI的回升，围绕中游的制造业比如化工，机械等板块，其次供给约束偏紧的上游资源品和避险属性突出的贵金属都在我们重点跟踪研究的范围内。其二，成长板块，主要逻辑关注海外和国内的AI发展节奏，围绕AI的基础建设和AI行业应用，重点研究跟踪各环节龙头公司。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金 2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1457600","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c2d","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000003626,"sao":"三季度，经济基本面处于消费不足、供给过剩的通缩环境中，经济增长动能短期仍旧依赖贸易的韧性，内生的投资和消费在三季度呈现明显的下行趋势，财政发力前置，政策刺激在新能源汽车板块的效应最为明显，产业政策在新质生产力方向推进加速，半导体、人工智能、机器人、固态电池、可控核聚变等领域多点开花，货币政策保持适度宽松。外部环境较为复杂，贸易谈判呈现拉锯状态。　　在投资上，我们依然寻找较为确定的线索进行配置。其一，今年以来本产品主要配置了国内创新药出海的投资机会，随着估值的泡沫化，逐步兑现了收益。其二，在科技创新中，我们更加笃信国产人工智能的追赶和超越，大比例配置了国产算力相关的板块。其三，面对世界的不确定性，我们主要配置了黄金和铜相关品种，增加组合的均衡。","lastUpdated":"2026-03-09T13:13:02.823Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金 2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1378391","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c2c","date":"2025-06-29T16:00:00.000Z","stockId":3000000003626,"sao":"上半年，在外部风险扰动较大的情况下，国内经济总量保持平稳增长，但价格指数持续走弱，经济的动能主要来自出口和投资，结构上地产的投资和销售持续探底，消费保持了一定韧性。资本市场延续了去年四季度以来的活跃，指数虽然经历了关税摩擦的急跌，但总体保持了稳定的走势，窄幅震荡。　　本基金，积极参与了创新药的产业趋势，大幅加配了创新药板块。中国创新药公司，从去年底开始的海外BD事件，表现出国内生物医药公司低成本、高效能的研发能力，不断的出海商业化，迎来了整个创新药的产业机遇。另外，本基金配置了部分大周期板块的品种，精选有较强盈利能力、估值较低的个股进行配置。在交易上，及时止盈止损，力争取得绝对收益回报。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.820Z","mo":"总体保持乐观。展望下半年，关税等外部因素边际影响减弱，国内供需两端政策发力，价格指数转正可期，经济有望企稳复苏。全球来看，美国经济可能降温，出现“滞涨”，关税对全球经济的影响虽然存在较大不确定性，但我们倾向于美国会做出理性决策，关税的摩擦大概率缓解。流动性方面，美国经济压力隐显，降息临近，国内央行可能跟随降息，叠加“稳增长”和“反内卷”政策发力，风险偏好将推动国内和香港的资本市场持续乐观。　　行业层面，创新不断。虽然宏观经济当下面临压力，尤其传统的地产行业，依然没有见底，但资本市场已有充分的预期，只要不出现更坏的情况，那么拖累有限，反而随着各种科技创新产业的发展，可能迎来结构性的牛市。其中，成长板块：创新药，AI算力，人形机器人，固态电池等加速迭代，投资机会螺旋演绎。传统周期价值板块：供给较为刚性的有色，受益降息周期具有强金融属性的贵金属，受益“反内卷”政策的传统黑色系都将不断地灿灿发光。　　另外，低利率、低增长的市场环境中，资产荒趋势依然存在，这给市场提供了宽松的流动性环境。我们相信，随着各种风险的逐步落地和明朗化，资本市场的风险偏好将逐步修复，权益市场将摆脱过去三年的低迷，未来可期。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金 2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1349910","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c2b","date":"2025-03-30T16:00:00.000Z","stockId":3000000003626,"sao":"一季度，经济基本面趋势并未改变，PPI和CPI依然处于疲软趋势，去年四季度各种消费刺激政策起到了托底作用，但内在动能依然偏弱。海外国际关系变化莫测，外部环境依然复杂，中美贸易摩擦风险依然压制市场风险偏好。但国内新质生产力快速发展，尤其是人形机器人和AI的突破，激发市场做多的热情，成长风格明显占优，但成长板块的个股波动较大，赚钱效应依然较难持续。　　本基金保持相对均衡的策略，在AI板块，集中配置了受益产业发展的资本开支景气的上游算力环节；在机器人板块，主要配置了公司长期竞争力较为突出，以及产业链地位较为确定的总成环节。在市场不断的震荡中，做了部分调整，加入了黄金板块的配置，以及创新药的配置。我们一直看好黄金的价格，在充满不确定的世界，黄金具有天然的避险属性。另外，国内创新药公司表现出来很强的研发能力，不断的出海商业化，迎来了产业机遇。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.818Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1275209","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c2a","date":"2024-12-30T16:00:00.000Z","stockId":3000000003626,"sao":"2024年GDP完成了5%目标。房地产销售和投资持续下滑，给经济造成了压力，依靠逆周期调节的政策托底，尤其是进入下半年后各种消费补贴政策陆续出台，起到了稳定宏观经济走势的作用，全年增长呈现了U型走势。从结构上看，出口和投资较强，而内需依然偏弱，PPI数据连续负增长，反映了供给端产能过剩的情况依然严重。　　A股市场宽幅震荡，走出了“N”型走势。本产品的投资结构，主要以周期资源和科技成长为配置方向。上半年，本产品主要把握住了贵金属和有色金属的行情，以及生猪周期的行情。二季度和三季度，参与了AI算力，以及部分低空、汽车、电子等板块，整体未能取得明显的超额收益。三季度末，重点参与了大金融板块包括券商保险等板块。四季度末，参与了部分AI的应用，但计算机和电子板块的个股波动较大，导致了净值波动较大。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.815Z","mo":"2025年，国内经济将会呈现弱复苏态势，机会大于风险。首先，观察基本面，地产的拖累效应降低，房地产市场可能“止跌企稳”，出口依然保持较好趋势，另外，去年四季度各种稳定政策的逐步落地推进中，内生经济增长的动能落实到盈利端，有望见到拐点。其次，在实际利率偏高的情况下，货币有望持续宽松，流动性依然友好。最后，Ai引领的科技浪潮持续催化，不断改善市场的风险偏好回升。所以，总体上我们对2025年的市场保持乐观。　　2025年，我们将围绕国内AI的基础建设和国内AI行业应用重点研究和布局。国内互联网大厂加快布局AI大模型，资本开支不断提升，将带来上游基础建设包括算力、数据中心的景气爆发。其次，互联网行业以及传统行业不断接入大模型，对AI Agent的广泛引用，提升了生产效率，尤其是在广告、医疗、教育等行业的快速落地。我们将在这些行业中保持紧密研究，做适当的配置。DeepSeek拉平了我们和美国科技的差距，中国科技资产的估值依然偏低，有望得到持续修复。　　此外，我们继续保持对经济复苏节奏的观察，等待拐点出现，适当时候对顺周期以及资源品进行配置。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1255328","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c29","date":"2024-09-29T16:00:00.000Z","stockId":3000000003626,"sao":"三季度，宏观基本面，CPI和PPI数据依然较弱，表现为总需求不足，工业企业依然处于去库周期中,房地产销售依然未能企稳，基建投资的力度低于预期。从信用周期看，居民部门和企业部门都表现为边际收缩状态，信用的扩张依赖政府部门的加杠杆。政策层面，在三季度末，货币和财政政策积极的转向，给市场注入了信心，提升了未来经济增长的预期，A股和港股市场的风险偏好明显提升。　　本组合在上游资源品进行了配置。上游资源品的配置，主要集中在贵金属和工业金属。贵金属板块，全球主要央行迎来降息周期，其次全球地缘政治的不确定性以及去美元化的情况下，都有利于贵金属的价格；工业金属，主要考虑供给的刚性，长期资本开支不足，存量资源的品位下降、开采成本上升等因素对其价格中枢的支撑，同时逆全球化带来的海外经济体再工业化，以及新产业的需求拉动。其次，配置了部分大金融板块的品种。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.812Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1176628","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c28","date":"2024-06-29T16:00:00.000Z","stockId":3000000003626,"sao":"2024年上半年，宏观层面，GDP数据符合市场预期，但CPI和PPI数据较弱，表现为总需求不足，工业企业依然处于去库周期中。三驾马车中，固定资产投资不及预期，房地产在二季度政策调整后有边际改善，但改善的幅度和持续性并不乐观。从信用周期看，居民部门和企业部门都表现为边际收缩状态，信用的扩张有赖于政府部门的加杠杆。A股市场围绕3000点震荡，红利资产表现最优，反应了市场对未来不确定性的担忧，以及对长期利率的充分定价。　　本组合在上游资源品进行了配置。上游资源品的配置，主要集中在贵金属和工业金属，贵金属主要应对全球的不确定性风险；工业金属，主要考虑供给的刚性，长期资本开支不足，存量资源的品位下降、开采成本上升等因素对其价格中枢的支撑，同时逆全球化带来的海外经济体再工业化，以及新产业的需求拉动。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.809Z","mo":"2024年下半年，宏观经济预期保持平稳，出口维持景气，消费仍有任性，房地产调整逐步进入尾声，国内的投资环境持续稳定，外部环境将主导下半年的风险定价。尤其四季度美国大选对国内出口企业，以及科技企业，包括汇率都将带来较大影响。在信用周期的下半场，企业盈利增速逐步下降，市场的波动，长期表现为估值的波动，短期表现为风险偏好的波动。过去，成长小盘股相对大盘价值之间较高估值差将被压缩。组合的配置，以贵金属配置为主，应对全球不确定性风险的加剧，未来全球主要央行进入降息周期，贵金属将充分受益。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1152630","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c27","date":"2024-03-30T16:00:00.000Z","stockId":3000000003626,"sao":"一季度，风险偏好和流动性风险得到了修复，市场先抑后扬。年初的宏观数据表现符合预期，整体的宏观经济表现为量优于价，流动性保持了宽松，政策的整体基调保持惯性，我们认为一季度市场整体表现得益于过度悲观预期的修复。本组保持了上个季度的配置，对AI算力、有色、养殖的主力配置没有发生大的观点变化和操作。　　展望未来，经济在逐步修复的过程中，我们坚定看好国内经济的持续复苏，尤其对CPI和PPI的价格指数，持乐观态度。本组合持续保持哑铃型配置，一方面聚焦于上游资源品，主要集中在贵金属和工业金属，持续看好全球供应链重建大环境下的资源品稀缺属性。另一方面，聚焦于产业周期或者经济库存周期框架下的经济变化，未来会重点配置在顺周期板块的，消费、化工领域。鉴于涨幅过大，风险收益比不再合适，逐步减少AI的配置。但继续保持对AI、智能驾驶以及机器人这些新质生产力的研究跟踪。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.807Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1073453","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c26","date":"2023-12-30T16:00:00.000Z","stockId":3000000003626,"sao":"截至本期末，在投资策略方面，本产品仍保持较高的股票仓位，通过结构调整来应对市场波动。仍坚持自下而上为主，持股相对分散。从长期价值及成长性视角，结合中短期估值以及基本面边际变化，同时将股息率也纳入选股标准进行综合考量，自下而上选取个股。力争通过个股配置获取超额收益及应对市场波动的冲击。　　产品运作层面，本产品继续从估值合理性、股息率，及公司基本面出发综合考虑选取投资标的，维持之前的持仓品种的同时，本期逐步在市场调整中增加了部分顺周期品种的配置，以及前期调整较充分的医药、消费等个股。目前权益仓位重点配置了大金融、交通运输、医药生物、食品饮料、公用事业、消费者服务、轻工制造、机械设备、传媒及上游资源股等品种，仍坚持自下而上为主，持股相对分散。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.804Z","mo":"我们认为影响2024年权益市场走势的主要因素包括国内外经济形势、国际货币环境、国际贸易关系等。国内经济走势稳中向好的长期趋势不变，短期需进一步筑底。而外需目前来看好于市场预期，为中国制造业“出海”寻找新的成长方向提供了更多机会，我们也在努力发掘中国制造业中具备全球竞争力，能够走向全球成长壮大的细分品种；国际货币环境目前来看短期宽松难现，但一旦主要国家开启宽松周期，全球资本市场估值有望边际修复，基本面也会出现边际改善。国际贸易关系在今年全球“大选年”的背景下，可能存在一定扰动因素，但我们相信，在国际分工及全球化的大趋势下，国际市场会是中国制造业的重要成长与发展方向。　　2024年权益市场可能仍将表现为一定的分化特征。一方面，市场将继续在具备防御属性的低估值高股息品种如公用事业、大金融、交运、资源股中寻找相对确定的现金回报机会，短期可能会有加速集中的特征；而与此同时，数字经济、人工智能、智能驾驶、机器人等为代表的长期创新成长方向的投资机会在相关品种估值充分调整后，个股机会也将逐渐显现。同时，大消费板块长期成长逻辑仍存，部分品种甚至还有很好的股息现金回报，我们也将结合国内外宏观经济环境及人口特征变迁，在大消费板块的分化寻找结构性投资机会。　　因此，2024年权益市场，我们一方面看好低估值高股息的价值股投资机会，同时，对创新引领的成长股、预期调整充分的消费股及经济顺周期品种，我们也并不悲观。我们将继续自下而上选取基本面稳健、具备长期价值及成长空间，估值及股息率具备安全边际的个股品种，加入到组合中，力争为持有人创造稳健持续的长期回报。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1059255","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c25","date":"2023-09-29T16:00:00.000Z","stockId":3000000003626,"sao":"截至本期末，本基金权益仓位保持在3成左右，重点配置了金融、医药、地产链、交运、大消费等方向，仍坚持自下而上为主，持股相对分散。　　市场在政治局会议之后，政策底已基本确立，加之近期连续出台的地产及金融政策，顺周期板块信心明显得到提振，宏观数据温和改善，表明宏观经济基本面也在不断筑底过程中，所以我们对于相关板块未来表现并不悲观。国际货币环境来看也逐渐接近加息尾声，外资持续流出A股的情况预计也将有所改善。因此，自上而下我们更看好大金融、周期等价值股的投资机会，同时受宏观经济影响的消费股一旦经济回暖也会有更多基本面的改善。　　本产品继续从估值及基本面出发，维持之前的持仓品种的同时，结合股息率及基本面边际变化，增加了部分钢铁、煤炭、有色及家电等品种的配置，以及前期调整较多的医药等个股。并从业绩确定性及中长期回报角度自下而上不断选取个股加入到组合中，力争为持有人创造稳健持续的长期回报。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.801Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=991885","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c24","date":"2023-06-29T16:00:00.000Z","stockId":3000000003626,"sao":"本期权益仓位重点配置了医药生物、食品饮料、公用事业、消费者服务、交通运输、轻工、机械设备、传媒等方向，仍坚持自下而上为主，持股相对分散。在上半年的实际运作中，我们继续从长期视角、中短期估值以及基本面相对变化的角度出发，对于估值及股息率具有较强吸引力的大金融价值板块继续持有，对于之前受疫情影响较大的可选消费、交通运输、社会服务等品种也持续保持乐观。同时，我们自下而上选取了相当数量的个股品种，加入到我们的组合中。 　　回顾本期，市场重回主题轮动，人工智能等板块的股价震荡上涨。而本产品继续从估值及基本面出发，维持之前的持仓品种，从业绩确定性及中长期回报角度进行配置，相信随着基本面不断改善，业绩与估值匹配的价值风格会进一步获得市场主流资金认可，力争为持有人创造稳健持续的长期回报。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.798Z","mo":"我们认为影响2023年下半年权益市场定价的主要因素包括国内外经济走势、国际货币环境、国际贸易关系等。权益市场将继续在低估值高股息品种如公用事业、交运、建筑、金融中寻找相对确定的现金回报机会。同时，数字经济、人工智能、智能驾驶、机器人等为代表的创新方向的投资机会也将被继续充分挖掘。同时，受疫情影响的消费股改善空间大，尤其出行链相关板块，业绩修复确定性强，预计也将受到重视。而低估值的以大金融为代表的价值股，基本面也有望受益于经济活动常态化后的逐步回暖，存在较大的估值与业绩修复空间。因此，自上而下我们看好高股息的价值股及创新引领的成长股的投资机会，而消费股及顺周期品种也会因基本面的修复带来投资机会。同时，我们将继续自下而上选取个股品种，加入到组合中，力争为持有人创造稳健持续的长期回报。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=964786","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c23","date":"2023-03-30T16:00:00.000Z","stockId":3000000003626,"sao":"本基金本期重点配置了金融、医药生物、食品饮料、消费者服务、交通运输、轻工等方向，持股仍集中于大金融与大消费。　　在本季度的实际运作中，我们继续从长期视角、中短期估值以及基本面相对变化的角度出发选股，对于估值及股息率具有较强吸引力的大金融价值板块继续持有。对于可选消费、交通运输、社会服务等品种也持续保持乐观。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.795Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=889193","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c22","date":"2022-12-30T16:00:00.000Z","stockId":3000000003626,"sao":"权益方面，我们认为影响2022年权益市场的主要因素包括经济走势、国内外货币环境、国际形势等因素。在货币收紧及全球总需求边际减弱背景下，大宗商品预计将稳中有落、利好需求改善的中游制造板块；受疫情影响的消费板块业绩改善空间大，且部分板块估值具有较强吸引力；而低估值高股息的价值股，基本面有望受益于稳增长扩内需政策而逐步回暖，存在较大的估值与业绩修复空间。因此，自上而下我们更看好价值股、消费股及需求改善的中游制造板块的投资机会。　　在本期的实际运作中，我们继续从中长期视角出发，结合当期估值与股息率，对于估值具有较强吸引力的银行地产等大金融价值板块继续持有，而对于受疫情影响较大的可选消费、交通运输等板块，我们对其未来均值回归将带来的回报空间也保持乐观，并逐步在保持配置的同时继续精选品种。同时，我们将继续自下而上与自上而下相结合，不断选取个股品种加入到组合中。力争为持有人创造持续稳健的长期回报。　　固收方面，我们对债券市场持相对谨慎的态度，持仓品种主要集中于短久期且流动性较好的利率债品种。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.792Z","mo":"展望2023年，我们对国内经济的恢复增长保持乐观。我们判断居民消费、固定资产投资均将边际有所改善，出口有望继续发挥中国制造业在国际上的竞争优势而保持高位强势。同时，也要充分认识到市场预期与基本面变化之间的时滞带来的证券市场波动风险。　　尽管如此，我们判断，经过过去三年的震荡调整，2023年国内权益市场机遇大于风险。无论从有望逐步改善的基本面角度还是从相对全球市场较低的整体估值水平来看，均有一定的投资回报空间。　　行业层面，低估值高股息的大金融等传统板块、边际复苏的消费板块，以及估值合理且代表未来中国经济转型方向的先进制造板块等，都是我们看好的行业方向。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=871967","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c21","date":"2022-09-29T16:00:00.000Z","stockId":3000000003626,"sao":"我们认为影响2022年权益市场定价的主要因素包括经济及疫情走势、区域争端及货币环境等。逐步收紧的国际货币环境及全球总需求减弱背景下，大宗商品预计将稳中有落；成长股估值对利率的敏感性较高，回调过程中可能将带来更好的介入机会；而受疫情影响的的消费股业绩改善空间大，且部分板块估值具较强吸引力；而低估值的价值股，基本面有望受益于稳增长政策落地及地产销售回暖，存在较大的估值与业绩修复空间。因此，自上而下我们更看好价值股及消费股的投资机会。  在本期的实际运作中，我们继续从中长期视角及当期估值与业绩匹配性的角度出发，对于估值及股息率具有较强吸引力的银行地产基建等大金融价值板块继续持有，对于受疫情影响较大的可选消费、 交通运输、社会服务等品种的均值回归带来的回报空间也保持乐观。同时，我们将继续自下而上与自上而下相结合，不断选取优质个股及高股息品种，加入到组合中。力争为持有人创造稳健持续的长期回报","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.789Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=808071","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c20","date":"2022-06-29T16:00:00.000Z","stockId":3000000003626,"sao":"我们认为影响2022年权益市场定价的主要外部因素包括国内经济走势、疫情防控、区域争端及货币环境等。受益于之前宽松的货币环境及国际争端扰动，大宗商品预计将高位盘整、稳中有落；成长股估值对利率的敏感性较高，回落过程中也会带来更好的介入机会；而受疫情影响的的消费股业绩改善空间大，估值合理甚至部分行业估值吸引力较大；而低估值的价值股，基本面有望受益于稳增长政策。因此，自上而下我们更看好消费股及价值股的投资机会。   本报告期实际运作中，我们继续从长期视角及中短期估值与基本面相对变化的角度出发，对于受疫情影响较大的可选消费、 交通运输、社会服务等品种继续持有；对于估值及股息率具有较强吸引力的大金融基建等价值板块也增加了配置。同时，我们自下而上选取了相当数量的个股品种，加入到我们的组合中。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.786Z","mo":"展望下半年，我们认为经济下行压力将有所缓解，社融将持续增长、疫情防控也将进一步科学高效。投资端地产投资预计仍会有所拖累，但基建托底作用显现；出口虽仍显强势，但持续性有待观察；消费中可选消费受疫情的负面影响将边际改善。因此我们对于市场并不悲观。我们判断2022年成长与价值均有机会，更多取决于个股基本面边际变化及估值的相对性价比。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=785723","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c1f","date":"2022-03-30T16:00:00.000Z","stockId":3000000003626,"sao":"权益方面，报告期本基金继续秉持一贯的投资策略——以价值型成长股作为投资重点，对市场空间大、盈利能力强、商业模式成熟、产品力突出、管理层优秀的行业龙头公司进行重点跟踪研究，实行买入并长期持有的投资策略。同时结合宏观经济、产业政策、行业景气、估值合理性等角度进行决策，以降低净值回撤及波动，力争为持有人创造持续且稳健的投资回报。本报告期的投资运作中继续执行上述投资策略，对估值更具吸引力且基本面逐步改善的板块及个股给予了更高重视并增加了配置。  实际运作中，本报告期内，本组合继续从长期视角出发，对于受疫情影响较大的可选消费、交通运输、社会服务等品种坚定持有；对于估值及股息率具有较强吸引力的大金融基建等板块增加了配置。展望未来，我们认为疫情终会得到有效控制，且质地良好且相对低估的行业及个股仍有价值回归机会。同时，在基金运作上进一步淡化行业及赛道属性，更多自下而上进行个股选择。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.784Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=729734","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c1e","date":"2021-12-30T16:00:00.000Z","stockId":3000000003626,"sao":"权益方面，报告期本基金继续秉持一贯的投资策略——以价值型成长股作为投资重点，对市场空间大、盈利能力强、商业模式成熟、产品力突出、管理层优秀的行业龙头公司进行重点跟踪研究，实行买入并长期持有的投资策略。同时结合宏观经济、产业政策、行业景气、估值合理性等角度进行决策，以降低净值回撤及波动，力争为持有人创造持续且稳健的投资回报。本报告期的投资运作中继续执行上述投资策略，对估值更具吸引力且基本面逐步改善的板块及个股给予了更高重视并增加了配置。  实际运作中，由于在2021年初，对国内疫苗全面接种后疫情有效防控较为乐观，本组合中受疫情影响较大的可选消费、交通运输，以及大金融等板块持股相对较多。但受疫情防控复杂性及市场风格影响，全年上述品种表现一般。但展望未来，我们认为疫情终会得到有效控制，且质地良好且相对低估的行业及个股仍有价值回归机会。同时，在基金运作上进一步淡化行业及赛道属性，更多自下而上进行个股选择。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.781Z","mo":"展望2022年，国内外宏观经济运行在经历了疫情影响及货币宽松后，国内经济稳增长及外围经济控通胀的压力逐渐显现，同时疫情对全球生产生活影响逐步减弱。因此，自上而下，我们认为有长期投资逻辑且过去两年受疫情影响复苏较慢的行业存在修复空间；中观层面，国内经济稳增长压力对相关低估值板块将提供较好的业绩估值改善机会；微观层面，A股市场整体估值水平合理，但分化仍较明显，因此结构性机会及个股机会仍然存在。因此我们认为几个方向值得重视：稳增长扩内需板块、基本面良好且业绩和估值均有提升空间的个股、以及有绝对收益属性的低估值高股息品种等。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=714043","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c1d","date":"2021-09-29T16:00:00.000Z","stockId":3000000003626,"sao":"权益方面，本报告期内本基金继续秉持一贯的投资策略——以价值型成长股作为投资重点，对市场空间大、盈利能力强、商业模式成熟、产品力突出、管理层优秀的行业龙头公司进行重点跟踪研究，实行买入并长期持有的投资策略。同时结合宏观经济、产业政策、行业景气、估值合理性等角度对组合中的个股权重进行决策，以降低净值回撤及波动，力争为持有人创造持续且稳健的投资回报。本报告期的投资运作中继续执行上述投资策略，对估值更具吸引力且基本面逐步改善的板块及个股给予了更高重视并增加了配置。  实际运作中，展望全年我们认为质地良好且相对低估的行业及个股仍有价值回归机会。因此在运作上淡化行业及赛道属性，更多自下而上进行个股选择。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.778Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2021年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=656530","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c1c","date":"2021-06-29T16:00:00.000Z","stockId":3000000003626,"sao":"权益方面，报告期本基金继续秉持一贯的投资策略——以价值型成长股作为投资重点，对市场空间大、盈利能力强、商业模式成熟、产品力突出、管理层优秀的行业龙头公司进行重点跟踪研究，实行买入并长期持有的投资策略。同时结合宏观经济、产业政策、行业景气、估值合理性等角度来对组合中的个股权重进行决策，以降低净值回撤及波动，力争为持有人创造持续且稳健的投资回报。本报告期的投资运作中继续执行上述投资策略，对估值更具吸引力且基本面逐步改善的板块及个股给予了更高重视并增加了配置。  实际运作中，本组合中消费及金融持股相对较多，受市场风格影响，上半年阶段性调整幅度相对较大。但展望全年，我们认为质地良好且相对低估的行业及个股仍有价值回归机会。因此在运作上淡化行业及赛道属性，更多自下而上进行个股选择。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.775Z","mo":"展望下半年至明年，我们认为，国内宏观经济运行在经历了疫情影响后，受益于国内防控良好和宏观政策对冲，各项宏观和微观指标持续环比改善。中观层面，制造业受益于防控到位、复工复产较早，领先于全球率先复苏。而受疫情影响复苏较慢的服务业及内需型可选消费类行业，业绩与估值均有望持续改善，市场反复调整中提供了良好的介入时机。证券市场整体估值水平合理，但更趋向于分化，因此结构性机会仍然存在。因此我们认为几个方向值得重视：整体复苏相对滞后的服务业及内需板块；基本面良好且业绩和估值均有提升空间的中小市值品种；有绝对收益属性的低估值高股息个股等。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=635302","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c1b","stockId":3000000003626,"sao":"权益方面，国内宏观经济运行在经历了疫情影响后，受益于国内防控良好和宏观政策对冲，各项宏观和微观指标持续环比改善。中观层面，制造业受益于防控到位、复工复产较早，领先于全球率先复苏。而受疫情影响企业盈利整体下行压力较大的服务业及可选消费类行业，如餐饮、旅游、交通运输、社会服务业，以及与宏观经济相关度较高的行业，业绩与估值均有望持续改善，今年一季度市场大幅调整中提供了良好的介入时机。  报告期本基金继续秉持一贯的投资策略一一以价值型成长股作为投资重点，对市场空间大、盈利能力强、商业模式成熟、产品力突出、管理层优秀的行业龙头公司进行重点跟踪研究，实行买入并长期持有的投资策略。同时结合宏观经济、产业政策、行业景气、估值合理性等角度来对组合中的个股权重进行决策，以降低净值回撤及波动，为持有人创造持续且稳健的投资回报。本报告期的投资运作中继续执行上述投资策略，对估值更具吸引力且基本面逐步改善的板块及行业给予了更高重视并增加了配置。  债券方面，我们仍以防控风险的角度进行配置，持仓主要集中于高评级短久期且流动性较好的品种。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.772Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]}},{"_id":"69aec75e7fea5b3eb0469c1a","stockId":3000000003626,"sao":"2020年宏观经济开局相对平稳，但1月中下旬之后，随着新型冠病毒在中国爆发并快速蔓延，之前市场对经济弱复苏的预期受到严重挑战；3月份疫情在海外扩散，叠加沙俄石油价格战爆发，全球股市、商品等风险资产持续大跌，并引发海外发生流动性危机；美联储随即开启危机模式下的紧急救市，进行无限量化宽松。总体来看，1-4月份，受新冠疫情影响，国内外货币政策宽松不断，债市收益率大幅下行。二季度，随着新冠疫情继续在全球蔓延，海外主要发达国家和我国央行均采取了偏宽松的货币政策，以应对经济面临的巨大不确定性。不过由于新冠疫情在我国率先得到控制，国内陆续开启了复工复产，生产订单与部分需求得到集中释放，我国经济增速从4月份开始出现明显修复。受疫情影响企业盈利整体下行压力较大的可选消费类行业，如餐饮、旅游、交通运输、社会服务业，以及与宏观经济相关度较高的行业，企业盈利有望持续改善，一季度市场大幅调整中为权益投资提供了良好的介入时机。与此同时，债市收益率也出现了较大幅度反弹；下半年受益于国内防控良好和宏观政策对冲，各项宏观和微观经济指标环比继续改善，货币政策也逐步回归中性，资金面持续紧平衡，债市收益率继续震荡上行。在上述背景下，2020年本基金权益部分继续秉持一贯的投资策略—一以价值型成长股作为投资重点，对市场空间大、盈利能力强、商业模式成熟、产品力突出、管理层优秀的行业龙头公司进行重点跟踪研究，实行买入并长期持有的投资策略。同时结合宏观经济、产业政策、行业景气、估值合理性等角度来对组合中的个股权重进行决策，以降低净值回撤及波动，为持有人创造持续且稳健的投资回报。债券部分则以追求稳健的投资收益为目的，主要配置中短期限的中高等级信用债和利率债，使得基金净值在报告期内保持了增长。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.769Z","mo":"展望2021年，上半年经济复苏动能较足。权益方面，各龙头公司的行业地位将进一步加强，业绩与估值均将得到有效修复。权益市场将由结构性牛市向边际改善行业进行修复。估值更具吸引力且基本面逐步改善的可选消费及顺周期行业可能会有更好的相对收益。固收方面，PPI代表的广义通胀对利率形成压力，债市收益率短期仍然难以趋势性下行。二季度之后，随着经济脉冲式修复接近尾声，后续经济回升动能可能将有所走弱。而货币政策延续稳健基调、信用逐步回归中性以及供需格局改善，债市面临的环境或将逐渐变得相对友好，利率有望迎来阶段性行情，但大级别行情仍然难现。固收方面总体而言，利率全年区间波动，中枢先抬升后下移。本基金认为流动性较好的中短端品种仍有较高投资价值，将保持高比例配置力度。对于长端品种，将根据经济形势和市场情况进行波段操作，以增强基金整体收益率。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=554529","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c19","stockId":3000000003626,"sao":"三季度，国内经济延续复苏，金融、经济数据表现较好。央行公布的二季度货币政策执行报告，对经济预期较为乐观，认为经济将在下半年逐步恢复至潜在增速水平，货币政策未来主要配合财政发力，总量政策难有，结构性政策为主，资金利率围绕公开市场操作利率波动。在此背景下，7月初股市大涨，市场风险偏好明显上升，引发债市大幅调整;8-9月份，股市维持区间震荡，债市收益率则在资金成本抬升、供给压力增大等因素作用下继续震荡上行。总体来看，三季度权益市场表现较好，债市收益率则继续震荡上行。  本基金主要采取大类资产配置的思路，以债券为“盾”，争取基础收益，以权益为“矛”视市场情况参与股票投资，提高收益弹性。同时本基金也择机参与了主板、科创板、创业板等新股申购，以获取相对稳健的投资收益，并且保持组合流动性。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.766Z","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=488122","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec75e7fea5b3eb0469c18","stockId":3000000003626,"sao":"上半年宏观经济开局相对平稳，市场主要矛盾是经济弱复苏，风险资产上涨，而无风险利率因流动性整体宽松并未明显调整；1月中下旬之后，随着新型冠病毒在中国爆发并快速蔓延，经济弱复苏的预期受到挑战；3月份疫情在海外扩散，叠加沙俄石油价格战爆发，全球股市、商品等风险资产持续大跌，并引发海外发生流动性危机，美联储紧急救市但效果有限。在内外交困情况下，中国一季度GDP增速下行至-6.8%。进入二季度，随着新冠病毒继续在全球蔓延，海外主要发达国家和我国央行均采取了偏宽松的货币政策，以应对经济仍然面临的巨大不确定性。不过由于新冠病毒在我国率先得到逐步控制，国内陆续开启了复工复产，生产订单与部分需求得到集中释放，经济增速出现了逐步修复,二季度国内GDP增速回升至3.2%；受上述因素影响，上半年债市收益率和股票市场基本呈先下后上的震荡走势。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:13:02.763Z","mo":"展望下半年，本基金认为债市和股市将继续呈震荡格局。国内经济在政策催化和复工复产加速下逐步回归正常，经济和企业盈利增速逐季提升；国外，特别是欧美国家疫情拐点逐步出现，逐步着手恢复经济，但整体需求较弱，恢复还需一定时间。总体来看，经济基本面处于内需向上，外需向下的交错期，流动性维持宽松但不“泛滥”，风险偏好反复冲击、折腾。综上，本基金认为债券市场中短端品种仍有较高配置价值，长端品种有阶段性交易机会；股票市场则存在结构性行情，中长期盈利模式好的价值成长公司依然具有巨大投资机会。本基金将通过债券和股票资产的均衡配置、动态调整，获取稳健的投资收益，降低组合波动和回撤。","fund":{"_id":3000000003626,"stockCode":"003626","stockType":"fund","areaCode":"cn","followedNum":0,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2016-11-30T16:00:00.000Z","setUpScale":200059000,"market":"a","tickerId":3626,"custody":"平安银行股份有限公司","name":"平安鑫利灵活配置混合型证券投资基金","shortName":"平安鑫利混合(003626)","fundSecondLevel":"hybrid","__csrcFundId":1123,"fundStatus":"normal","lastUpdated":"2026-04-30T18:57:12.290Z","masterFundFlag":1,"inceptionDate":"2016-12-06T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鑫利混合","pinyin":"paxllhpzhhxzqtzjj","memoNum":1,"managers":[{"stockCode":"db20821734","stockType":"fund_manager","exchange":"fm","tickerId":2308213080,"name":"王华"}]},"announcement":{"linkText":"平安鑫利灵活配置混合型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=463204","linkType":"PDF","source":"csrc_pdf"}}]}