window.pageData = {"stock":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50680000","tickerId":50680000,"name":"长安基金管理有限公司"},"managers":[{"name":"江博文","stockType":"fund_manager","stockCode":"j101019759","exchange":"fm","tickerId":100223243410}],"hotMetrics":{"fss":{"stockId":3000000005477,"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":6159,"f_h_s_a":28770,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000005477,"type":"fpr","f_p_r_fys_ssc":9000,"f_p_r_fys_ssrp":0.771641293477053,"f_p_r_m1_ssc":9190,"f_p_r_m1_ssrp":0.8482968767004027,"f_p_r_m3_ssc":9043,"f_p_r_m3_ssrp":0.9165007741650077,"f_p_r_m6_ssc":8759,"f_p_r_m6_ssrp":0.3714318337519982,"f_p_r_y1_ssc":8333,"f_p_r_y1_ssrp":0.3282525204032645,"f_p_r_y2_ssc":7721,"f_p_r_y2_ssrp":0.5744818652849741,"f_p_r_y3_ssc":6905,"f_p_r_y3_ssrp":0.9414831981460023,"f_p_r_y5_ssc":4282,"f_p_r_y5_ssrp":0.9857509927587013,"f_cagr_p_r_fs_ssc":9117,"f_cagr_p_r_fs_ssrp":0.9723562966213252},"fp":{"stockId":3000000005477,"type":"fp","f_p_r_fys":0.0040017785682524565,"f_p_r_m1":0.004671857619577224,"f_p_r_m3":-0.10786250493875926,"f_p_r_m6":0.07831900668576841,"f_p_r_y1":0.43001899936668586,"f_p_r_y3":-0.16043874326083085,"f_p_r_y5":-0.5112025110942757,"f_cagr_p_r_fs":-0.09214771917012132,"f_p_r_d1":0.0029657589646805427,"f_p_r_y2":0.26004464285714013,"last_data_date":"2026-04-27T16:00:00.000Z"},"ff":{"stockId":3000000005477,"type":"ff","f_m_f":2759687,"f_m_f_r":0.012,"f_c_f":459947,"f_c_f_r":0.002,"f_m_a_c_f":3219634,"f_m_a_c_f_r":0.014,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_fr":0.002,"f_fr_d":"2025-06-29T16:00:00.000Z","f_m_fr":0.012,"f_mac_fr":0.014},"f_nlacan":{"stockId":3000000005477,"type":"f_nlacan","f_nv_d":"2026-04-27T16:00:00.000Z","f_nv":0.4516,"f_nv_cr":-0.004847950639047971},"f_as":{"stockId":3000000005477,"type":"f_as","f_tas":50392897.8624,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000005478,"stockCode":"005478","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5478,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合C","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2025-01-04T00:31:56.731Z","inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"caxxlhpzhhxzqtzjj"}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000005477,"stockId":601899,"holdings":353000,"marketCap":11550160,"netValueRatio":0.0667,"quarterlyChange":-0.05076878445024502,"stock":{"stockCode":"601899","exchange":"sh","stockType":"company","tickerId":601899,"name":"紫金矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000005477,"stockId":1000000000001378,"holdings":289000,"marketCap":8869410,"netValueRatio":0.0512,"quarterlyChange":0.06560392397302328,"stock":{"stockCode":"01378","exchange":"hk","stockType":"company","tickerId":1378,"name":"中国宏桥"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000005477,"stockId":600066,"holdings":209000,"marketCap":7494740,"netValueRatio":0.0433,"quarterlyChange":0.09663608562691173,"stock":{"stockCode":"600066","exchange":"sh","stockType":"company","tickerId":600066,"name":"宇通客车"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000005477,"stockId":2487,"holdings":101000,"marketCap":7039700,"netValueRatio":0.0406,"quarterlyChange":0.34219141151550225,"stock":{"stockCode":"002487","exchange":"sz","stockType":"company","tickerId":2487,"name":"大金重工"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000005477,"stockId":600660,"holdings":113000,"marketCap":6441000,"netValueRatio":0.0372,"quarterlyChange":-0.11996294580824485,"stock":{"stockCode":"600660","exchange":"sh","stockType":"company","tickerId":600660,"name":"福耀玻璃"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000005477,"stockId":603766,"holdings":440000,"marketCap":5940000,"netValueRatio":0.0343,"quarterlyChange":-0.15126772668672095,"stock":{"stockCode":"603766","exchange":"sh","stockType":"company","tickerId":603766,"name":"隆鑫通用"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000005477,"stockId":933,"holdings":177500,"marketCap":5467000,"netValueRatio":0.0316,"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":3000000005477,"stockId":2895,"holdings":134000,"marketCap":5295680,"netValueRatio":0.0306,"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":3000000005477,"stockId":2595,"holdings":65200,"marketCap":5162536,"netValueRatio":0.0298,"quarterlyChange":-0.06306945923559248,"stock":{"stockCode":"002595","exchange":"sz","stockType":"company","tickerId":2595,"name":"豪迈科技"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000005477,"stockId":600863,"holdings":996000,"marketCap":5099520,"netValueRatio":0.0294,"quarterlyChange":0.14285714285714324,"stock":{"stockCode":"600863","exchange":"sh","stockType":"company","tickerId":600863,"name":"华能蒙电"}}],"lastFsMetrics":{"latestTurnoverRate":1.1825646149173872,"latestTurnoverRateDate":"2025-06-29T16:00:00.000Z"}},"list":[{"_id":"69e8eaa21398d79843fe898c","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000005477,"sao":"2026年一季度经济分化明显，内需乏力，出口强劲。一季度股票市场行情波动加剧，有色、商业航天、AI硬件等板块轮番表现，但持续性较差。期内产品净值出现较大幅度回撤，主要是由于一月份有色资源板块大幅上涨，持仓比例较高，而之后美联储人事变动导致流动性叙事发生变化，净值下跌。展望后市，将继续以长期持股为目标挖掘具备长期竞争优势的低估品种，仍看好电动化以及低电力成本驱动下的出海板块，以及全球信用扩张叠加资源民族化叙事下的相关资源品。","lastUpdated":"2026-04-22T15:34:58.632Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=1478706","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b37","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000005477,"sao":"2025年四季度市场除了在11月中下旬有一定调整外，其他时间基本保持平稳上涨的态势。其中10月受宏观扰动加剧影响，贵金属板块表现突出；11月三季度业绩披露好于预期，市场冲高随后调整，整体上围绕涨价展开；12月市场逐步提升对春季躁动的预期，相关政策催化板块轮番上涨，市场出现罕见连阳。报告期内我们观察到国内长期债券利率出现反弹，但背后原因主要是化债背景下地方发行大量长期债券以及银行缩短资产久期所致，并非反应通胀预期或国内经济预期的提升。从全球视角来看，最大的宏观叙事是国家债务的不可持续，这给黄金以及与之相关的铜、银等资产带来了较大且长期的资金流入，从2011年黄金触顶的情况看，价格拐点需要看到美国明确限制自身的财政赤字，而目前政府普遍面临着保货币还是保经济的两难抉择，政府难以承担经济失速的后果，因此这一叙事目前仍在继续。另一方面铜、铝以及部分化工品种还挂靠了美国AI资本开支，若AI资本开支预期走弱可能会带来这部分商品的价格回调。基于此，组合主要加大了出海、有色等行业的配置，对消费、化工等内需板块进行了减仓，展望后市，从上证指数以及PE分位数来看，常识上我们应该降低对2026年的投资收益预期，国际社会财富的两极化愈演愈烈，AI技术发展尽管提升了劳动生产力，但目前来看仍不具备扭转财富两极化的能力，甚至还带来的资产价格快速提升，进一步加剧了贫富差距，这种K型分化可能会带来经济或政治危机，需要我们保持警惕。","lastUpdated":"2026-03-09T13:18:45.582Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=1455956","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b36","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000005477,"sao":"2025年三季度市场整体呈现震荡上行的“慢牛”格局，成长风格表现突出，科技板块成为行情的核心驱动力。三季度流动性有明显改善，最关键的就是M1的显著回升。M1增速通常领先工业品库存周期一年左右，是本轮经济周期处于复苏初期的关键证据。流动性的显著回升叠加广义信贷需求尚未起来，带来了科技股的大幅上涨，本次科技股的相对收益在历史上看属于极值，当前科技股的PS-PE的轧差已经超出历史均值2个标准差，意味着AI产业叙事目前已经被非常充分地定价。另外三季度看到了名义价格的回升，且未来大概率将处在回升周期中，因此我们仍然看好接下来股票市场的表现。三季度总量经济增速有所放缓，但其中出口继续超预期，出口金额也创出历史新高，基于此我们也更加看好出海板块的相关机会。三季度我们主要加仓了有色、化工、机械，减仓消费、公用事业，后续我们预计将继续维持对资源股和出海的高仓位持有，同时重点寻找反内卷带来的价格中枢抬升的行业龙头的相关机会。","lastUpdated":"2026-03-09T13:18:45.580Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1382643","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b35","date":"2025-06-29T16:00:00.000Z","stockId":3000000005477,"sao":"2025年上半年市场波动较大，经历从年初调整、春季行情爆发、关税冲击到修复的完整周期，其中结构性特征显著，行情聚焦于多条主线，包括以人形机器人为代表的AI应用板块、创新药、海外算力、新消费以及银行为代表的高股息等。总体上我们认为市场主线大致可分为两类，一类是美股映射及相应的出海链，另一类是反应国内宏观弱复苏的高股息，行情演绎充分且扩散，背后增量资金影响显著。报告期内我们持仓主要分布在锂矿、新消费、基本金属、化工、机械等，我们主要基于国内宏观弱复苏的现实，优选具备α的出海公司以及处于产品或渠道红利释放期的品牌消费，期间我们对锂矿进行了部分减仓。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.577Z","mo":"近期国内高频数据显示经济仍未看到实际拐点，在此背景下，我们仍然相对看好高股息和部分出海的结构性投资机会。全球宏观来看，尽管特朗普的关税贸易战并未进一步升级，但区域性突发战争却提升了不确定性，导致全球资本市场波动率短期内走高，目前看也均逐步消化。美元指数在贸易战缓和后短暂反弹，近期再次创新低，背后主要是美国经济走弱以及通胀预期下降，降息概率提升，由于主要矛盾在于通胀预期下降，因此这一轮美元指数的下降并未带来黄金的上涨，但长期看“去美元化”以及全球贸易的不确定性依然将支撑黄金价格，我们继续看好黄金板块。近期新消费板块上涨明显，其中一部分主要依靠行业β，尤其是抖音等带来的阶段性流量红利，这类公司在高估值下投资性价比较低，另一类公司品牌价值在快速提升，背后来自消费趋势的长期转变以及快速的心智占领，这类公司在短期爆发式增长后依然存在较大的成长空间，是我们重点关注的方向。总体上，我们仍以自下而上选股为主，在一定景气度支撑下选择具备强α的公司。我们认为在市场完全竞争的环境下，竞争曲线平坦的行业，利润终将归零，这类行业长期投资收益也将趋于0。只有成本或收益率曲线陡峭的行业，其中具备强α的公司才能够长期获得超额收益，在较低估值或价格买入胜率更高。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=1349137","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b34","date":"2025-03-30T16:00:00.000Z","stockId":3000000005477,"sao":"海外方面，美国4月3日加征对等关税的范围和幅度均超预期，尤其是对东南亚普遍加征高关税，或将大幅削弱中国企业通过在东南亚和墨西哥为主的海外建厂方式来间接回避对美商品出口高额关税差的策略效果，墨西哥建厂的关税差还留有一定空间，而东南亚建厂的关税差已接近抹平。特朗普政策的不确定性将拖累美国经济和削弱美国例外论。特朗普关税超预期叠加政策不确定性导致美国增长放缓较快。德国财政大幅转向提振市场对德国和欧元区修复的信心。美欧日通胀虽仍有韧性，对等关税落地后，市场担忧美国通胀存在进一步上行风险。美国例外论被削弱，导致美元走弱，美股大幅调整，显著跑输欧股，美债曲线走陡，黄金不断创新高。一季度经济修复惯性边际有放缓迹象，1-2月发电量同比-1.3%，3月工业增加值增速或有所下降，内生动能仍面临下行压力。考虑4月对等关税的影响，若要继续维持经济向上修复趋势亟需政策进一步加码对冲。行业方面，3月新能源汽车零售预计可达100万，渗透率回升至54.1%。3月5家样本新势力车企（不含小米）合计交付 156,095 辆，同比+61.0%，环比+34.5%。政策层面，国家安排 3000 亿元特别国债支持消费品以旧换新，重点促进汽车等大宗消费。春节后汽车市场进入旺季，地方车展和新车发布活动频繁，新能源车型层出不穷，整体车市增长态势良好，新能源车渗透率稳步提升。新能源汽车需求端或将持续边际向好，2025年端到端技术加速应用，智驾平权时代开启，全路况端到端的自动驾驶技术或将给新能源汽车的渗透率注入新的强劲推力。华为系、特斯拉、小鹏为代表的车企自2024年以来持续进行智驾的迭代及推广。小鹏发布量产的“端到端”大模型。此外，各家厂商均积极推进智驾的普及和推广，标配智驾时代已来。展望 2025 年，智驾技术进步有望降低智驾硬件门槛，将智驾应用在 20万以内的主流市场中。2025全年国内新能源汽车的 L3 级别智驾渗透率有望迅速提升。另固态电池技术继续向前发展。低空经济和机器人仍是潜在增长点。锂矿供给端将在本轮期货和现货价格低位震荡的过程中进一步倒逼产能去化，原有部分高成本旧产能和在扩在建新产能都可能在压力下面临重新再考量的境地。低价倒逼供给去产能或已进入尾声阶段，新一轮的供需变化周期或已不再遥远。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.575Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1278610","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b33","date":"2024-12-30T16:00:00.000Z","stockId":3000000005477,"sao":"海外方面，2024年主要发达经济体处于缓慢上升过程，呈现出服务偏强、制造业偏弱的结构性复苏格局。美国在通胀下行的同时，实际 GDP 同比增速维持平稳，介于 2.7%-3.0%区间。美国实现软着陆的概率较大，欧洲日韩等非美经济体相对较差。欧洲日韩工业支柱之一的汽车产业链不仅在中国市场面临严峻的电动化和智能化的竞争，随着中国车企的海外工厂陆续投产，欧洲日韩的汽车产业链在全球市场上的竞争强度也将逐步加大。2025年北美以外的发达国家经济或将停滞。美国实体经济表现尚可，本轮加息对私人部门存量债务影响不大，消费总量保持强劲，预计2025年消费略逊于2024年，但仍可以支撑经济。但美国的联邦财政面临压力，债务利息支出对联邦赤字率将产生明显推升作用。近期美国10年期美债利率突破4.6%，市场预期美联储2025年大概率降息50~75BP。特朗普上台后除了对外加关税对内减税和对政府大幅削减支出等措施外，基于其与民主党迥然相异的地缘政治思维，市场由外部变量带来的不确定性陡升。国内方面，经济修复开始边际放缓，内生动能仍面临下行压力。在9-10月经济数据因政策发力有所修复后，11-12月经济指标显示政策带来的修复脉冲有所减弱。当前需求不足、价格偏弱、企业盈利修复较慢、企业投融资意愿低迷的问题仍然存在，内生动能仍然面临下行压力。中央经济工作会议后，政策进入短暂空窗期。中央经济工作会议对于2025年定调积极，但尚缺乏具体政策细节，市场对于政策的力度、方向、节奏尚存疑问，难以有效估计政策效果，因此，还需耐心等待2月陆续召开的地方两会以及3月全国两会的政策部署。行业方面，车企公布12月新能源汽车销量数据，比亚迪、鸿蒙智行全系、小米、理想、蔚来、小鹏、零跑、极氪、深蓝、岚图等品牌均创历史新高。12家新能源乘用车重点车企交付量合计87.16万辆，同环比分别+54%、+5%。多地以旧换新衔接政策发布，持续提振汽车消费需求。去年8月末以旧换新补贴加码以来，乘用车零售端景气度提升显著，2025年初河北、山西、湖北、湖南、江西、四川、贵州、广东、广西、海南等地区集中发布以旧换新衔接政策。其中对于汽车的报废更新、置换更新将从年初起到2025年政策出台期间沿用原有标准进行补贴。新能源汽车需求端或将持续边际向好，2025年智能化（FSD入华和ADS3.0升级）或相当于2020 年电动化（model3国产化）。FSD入华和ADS 3.0上车后，全路况端到端的自动驾驶技术或将给新能源汽车的渗透率注入新的强劲推力。2025全年国内新能源汽车的 L3 智能化渗透率有望迅速提升。另半固态和固态电池技术继续向前发展。低空经济和机器人仍是潜在增长点。锂矿供给端将在本轮期货和现货价格低位震荡的过程中进一步倒逼产能去化，原有部分高成本旧产能和在扩在建新产能可能在压力下均面临重新再考量的境地。低价倒逼供给去产能或已进入尾声阶段，新一轮的供需变化周期或已不再遥远。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.572Z","mo":"新能源汽车板块下游需求端依旧保持着较好的态势，而上游供给端的产能去化或已进入尾声阶段。而2025年或将成为智能化L3元年从而为需求端带来更多可能性。智能化是建立在电动化的基石之上，锂电池的长逻辑依然没变，并且各种增量逻辑愈发清晰明朗，考虑到股价表现在过往历史上大幅领先，碳酸锂价格筑底数月，看好新能源汽车上游原材料在未来的表现。在配置上继续重点关注以锂矿为代表的新能源汽车产业链上游。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=1259020","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b32","date":"2024-09-29T16:00:00.000Z","stockId":3000000005477,"sao":"“金九银十”传统旺季和“以旧换新”政策推动下，9 月新能源汽车产销双旺，动力电池产销同环比保持增长。根据乘联会数据，9 月新能源乘用车零售 112.3 万辆，同比增长50.9%，环比增长 9.6%，零售渗透率达 53.3%，同比增加16.4个百分点。据电池联盟发布，9 月中国动力电池装车量同比增长 49.6%达 54.5GWh，今年前三季度动力电池累计装机量同比增长35.6%达346.6GWh。新能源乘用车市场持续扩大，消费者对新能源汽车的接受度和需求不断上升。马斯克正式发布了名为Cybercab 的无人驾驶出租车（Robotaxi）、无人驾驶货车 Robovan，人形机器人 Optimus。其中Cybercab没有方向盘和油门刹车踏板。这标志着汽车行业的竞争阶段已由电动化竞争时代升级到全智能化竞争时代。FSD入华和ADS3.0上车后，全路况端到端的自动驾驶技术或将给新能源汽车的渗透率注入新的强劲推力。固态电池技术继续向前发展。低空经济和人形机器人仍是潜在增长点。锂矿供给端将在本轮期货和现货下探过程中进一步倒逼产能去化，原有部分高成本旧产能和在扩在建新产能都可能在压力下面临重新再考量的境地。新能源板块对未来利空预期在风险补偿上已基本充分反应，在剔除指数风险后，任何边际上超预期的微小变化都可能带来一波像样的行情。智能化是建立在电动化的基石之上，锂电池的长逻辑依然没变，并且各种增量逻辑愈发清晰明朗，考虑到股价表现在过往历史上大幅领先碳酸锂价格筑底数月，看好新能源汽车上游原材料在未来的表现。在配置上继续重点关注以锂矿为代表的新能源汽车产业链上游。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.570Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1181041","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b31","date":"2024-06-29T16:00:00.000Z","stockId":3000000005477,"sao":"新能源板块对未来利空预期在风险补偿上已基本充分反应，在剔除指数风险后，任何边际上超预期的微小变化都可能带来一波像样的行情。智能化是建立在电动化的基石之上，锂电池的长逻辑依然没变，并且各种增量逻辑愈发清晰明朗，考虑到股价表现在过往历史上大幅领先碳酸锂价格筑底数月，看好新能源汽车上游原材料在未来的表现。上半年在配置上继续重点关注以锂矿为代表的新能源汽车产业链上游。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.567Z","mo":"海外方面，美国多项经济数据疲软，制造业PMI连续三个月位于收缩区间，服务业PMI下滑至四年最低点，此前强劲的服务业可能开始边际走弱。消费者信心指数的下降预示着后续居民消费可能受到影响，超额储蓄耗尽或无法支撑消费。美联储最新纪要肯定了通胀进展，但对降息依旧保持观望态度。欧洲方面，通胀和制造业PMI的双双回落为欧央行进一步降息提供了理由，但欧央行不急于放松的态度仍占主导。国内方面，二季度经济整体呈疲弱态势，内需不振与出口强劲的分化趋势可能继续维持。一线城市房地产政策进一步宽松，6月商品房成交面积增速虽边际有所改善，但与2019年同期基本持平。经济活动数据普遍趋弱，社零、工业增加值和固定资产投资增速放缓，房地产开发投资增速微升但仍为负值，而出口则保持强劲，二季度GDP增速小幅回落。信贷增速可能再次走缓，信贷增长疲弱状态预计短期内较难改变。锂电产业链需求端相对积极，全路况端到端的自动驾驶技术或将给新能源汽车的渗透率注入新的强劲推力。二季度锂电排产仍然持续较好。固态电池技术继续向前发展。低空经济和人形机器人仍是潜在增长点。锂矿供给端将在本轮期货和现货下探过程中进一步倒逼产能去化，原有部分高成本旧产能和在扩在建新产能都可能在压力下面临重新再考量的境地。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=1151193","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b30","date":"2024-03-30T16:00:00.000Z","stockId":3000000005477,"sao":"海外方面：海外经济和通胀有韧性，预防式降息的可能仍然存在，市场预期美联储在今年下半年开始降息，届时将会对人民币资产和国内流动性状况的缓解产生积极作用。海外耐用品库存周期下行时间较长且目前整体库存水平都不高。1月全球制造业PMI时隔16个月重回荣枯线上方。国内方面：2023年是历史上唯一一次地产销售增速、出口增速均是负增长的年份，对预期有冲击，财政发力和外需改善是本轮复苏引擎，今年有望结束广义赤字率连续3年的收缩而转向扩张。2024年一季度PMI显示经济动能较去年四季度明显提升，经济处在修复过程中。清明假期国内消费进一步好转。根据文旅部数据，清明假期3天全国国内旅游人次消费按可比口径恢复至2019年的100.6%，是 2020 年疫情以来首次超过 2019 年人次消费水平。以出海制造业为代表的外需，以地产和基建为代表的内需，在年初出现较明显的分化。节后开工节奏似乎比往年更慢，但同时制造业PMI出现较明显的改善，尤其是出口订单。锂电产业链需求端出现了三个积极的变化：1、三月份后锂电排产指引强劲：国内TOP3电芯企业排产同比增速均在29%以上，环比增速均在38%以上，而去年锂电产业链基本都处于去库周期。2、固态电池进展加速，金属锂负极或将给每单位容量锂电池用锂量的大幅提升（根据雅宝测算，全固态电池采用金属锂作为负极，锂单耗存在翻倍的空间）：某品牌厂商有望成为首个搭载量产固态电池的新能源汽车。电芯合作方清陶能源也公布了技术细节，续航超 1000 公里和 900V 超快充的能力。续航更长安全系数更高，固态电池性能优于传统液态锂电池。根据财联社和澎湃新闻信息，清陶能源第一代半固态电池能量密度最高达到420Wh/kg，成本与液态电池相当；第二代固态电池能量密度将达到400-500Wh/kg，成本为液态电池的 80%。而目前三元锂电池能量密度在200-300Wh/kg，更高的能量密度带来了更长的电车续航。另外由于固态电池使用不易燃的固态电解质替代了电解液，安全性也有所提高。其它头部车企纷纷跟进布局。长续航、高安全性、更短充电时间、更优循环寿命将给新能源汽车渗透率的提升添薪加柴。3、低空经济和通用人形机器人或将成为新的潜在增长点。新能源板块在低预期和低估值中枢区域，未来利空预期在风险补偿上已基本充分反应，任何边际上超预期的微小变化都可能带来一波像样的行情。智能化是建立在电动化的基石之上，锂电池的长逻辑依然没变，并且各种增量逻辑愈发清晰明朗，考虑到股价表现在过往历史上大幅领先碳酸锂价格筑底数月，看好新能源汽车上游原材料在未来的表现。","declarationDate":"2024-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.565Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1073460","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b2f","date":"2023-12-30T16:00:00.000Z","stockId":3000000005477,"sao":"2023年，继续坚持对新能源上游关键金属锂矿的长期看好。无论是新能源汽车在全球市场依旧巨大的渗透率空间还是生成式AI未来可能带来人形机器人等新的潜在爆发性需求，电动化都是一切可移动设备智能化的基石，而电动化的最优解决方案就是锂电池。新能源板块处于低预期和低估值中枢位置，未来利空预期在风险补偿上已基本充分反应，任何边际上超预期的微小变化都可能带来一波像样的行情。锂矿这块，澳大利亚锂矿商Core Lithium宣布暂停开采，作为北区唯一的锂矿商它还暂停了拟建的第二座矿山BP33的早期工程。券商分析师过往普遍用公告统计的方式匡算出的2024供给过剩度显然已无意义，产业链各方都在看牌出牌，博弈从来都是动态而非静态的，包括雅宝的扩产计划也在放缓。参照原油的模型，谁都不愿意保持原计划的扩产节奏来做小总营收和做短总开采年限，这是在用更吃力的方式来制造一个事与愿违的结果。所以2023年的锂盐总供给也是大大低于年初市场普遍预期的。目前产业链库存主要以锂精矿和电池的形式存在，虽然仍然在去库过程中，但正极厂和电池厂的碳酸锂库存已处在历史低位，锂盐厂库存也被消化了大部分，任何价格或需求端的轻微扰动都可能带来中游补库的正反馈行情。新能源汽车在全球市场的渗透率仍在百分之十几的水平，人形机器人的爆发潜力将提供新的需求增量，未来世界智能化会不断广化深化，智能化必须建立在电动化的基石之上，汽车也仅是走在智能化道路上的终端之一而已。长逻辑依然还在并且有了新的潜在需求增量，过往历史上股价表现一般大幅领先碳酸锂价格筑底数月，因此看好新能源汽车上游原材料在未来的表现。","declarationDate":"2024-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.562Z","mo":"2023年末国内月度数据显示经济复苏动能较弱，房地产、地方政府化债、居民消费偏弱及市场预期偏弱等中长期问题集中显现，虽然陆续有地产支持政策、特别国债发行等总量政策出台，但市场意识到中长期问题依靠内生动力解决难度较大从而寄希望于中央财政的出力。海外方面，美国经济2024年上半年有韧性，2024年下半年存在下行风险。美国房地产与商品消费背离，美国地产与消费分化的背后，是货币与财政政策的分化。超额储蓄兜底与实际收入回升持续支撑发达国家需求。美国地产销售触底并向投资传导，会缓和其2024年经济压力。“软着陆预期-降息预期-通胀预期”的反复可能还会重演。国内方面，经济走出谷底后，正在加速平坦化。经济L型来到一横的位置，全社会融资规模增速稳定在一个狭窄的区间。总量增长平坦化的趋势可能短期较难打破，内生增长动力不强。当前居民收入增速与此前的显著差距依然决定了整体居民加杠杆和购房的能力可能较难快速恢复到2020年之前的水平。往后看，收入增速中枢下降的事实和预期的扭转都需要一定的时间。地产的正循环还有较长距离。预计2024年或将是一个探底回升，震荡向上的市场环境，而新能源各细分行业也或将逐步走出阶段性过剩的困境，进入新一轮的景气周期。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=1059315","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b2e","date":"2023-09-29T16:00:00.000Z","stockId":3000000005477,"sao":"当前国内经济企稳迹象或日渐明朗，主要体现在制造业和消费数据上透露出积极的信号，工业利润同比增速走出负增长，十一黄金周消费也有企稳之势。政策方面，汇金出手是新的信号，而在出口不强、地产偏弱的现状下，地产、财政、货币三条线上政策或将继续发力，增强经济发展韧性。新能源汽车需求端的数据开始逐步恢复，中游进入去库存阶段后程。9月新能源车国内零售渗透率36.9%，较去年同期提升5.1%。国庆长假期间，某国产车型成为新晋网红爆款车型，给需求端带来一抹新鲜亮色。伴随着需求数据的边际改善和库存的去化尾声，中游排产或将开始环比逐步回暖，新能源汽车补贴延长落地后，4季度需求有望进一步放量。继续看好新能源车产业链上游的潜在投资机会。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.560Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=994204","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b2d","date":"2023-06-29T16:00:00.000Z","stockId":3000000005477,"sao":"新能源汽车包括燃油车的整车厂商剧烈的价格战阶段已接近尾声，即便后续仍有温和的价格竞争，对终端需求的影响已然不大，而燃油车因国六A延长销售半年也让清库存的迫切性大大缓解，价格战中随时可能大幅降价带来需求端观望情绪也或将随之逐步消退。需求数据Q2逐步边际改善，7月新能源汽车终端销售呈现回暖迹象，中游排产也开始环比两位数增长，新能源汽车补贴延长落地后，Q3作为传统旺季需求有望开始逐步放量。继续坚定看好新能源车产业链上游的潜在投资机会。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.557Z","mo":"从当前国内经济形势和政策方向看，国内经济或面临阶段性有效需求不足的情况，故政策面进一步呵护经济的一揽子举措或更加明朗，货币政策或有望进一步宽松，财政政策加码也值得期待。内需方面，基建的韧性或相对较好。外需方面，美国和欧洲经济下行压力或仍将继续增加，失业率逐步走高，若美国消费信贷的收缩节奏过快叠加库存周期的回落或将对出口产生一定压力。下半年美国核心通胀有望继续回落，本轮美联储加息周期或将逐步进入尾声。而国内类通缩环境需要宽松环境的支撑，下半年流动性或仍将维持中性偏松，货币政策不排除进一步加力，流动性或将进一步边际改善。看好下半年市场情绪将在政策的陆续引导与呵护下逐步上行。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=966098","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b2c","date":"2023-03-30T16:00:00.000Z","stockId":3000000005477,"sao":"宏观经济弱复苏，总量强刺激政策预计不会出台，疫后休养复苏。海外美元紧缩周期尾声，地缘政治整体偏温和，宏观环境对风险偏好是友好的。锂矿供给端无超预期变化，主要是需求端扰动。需求端受新能源汽车和燃油车深度价格战共振影响，消费者普遍选择观望，预计观望情绪不会一直持续，当前部分经销商反馈，因年初以来价格普遍有较大幅度的调整，感兴趣的潜在客户明显增多，但转化率偏低，普遍担心价格战继续深化，多数选择再观望一段时间。新能源汽车销量3月已有复苏迹象，中游排产亦在回暖。看好Q2价格稳定后的需求放量。继续看好新能源车产业链上游的潜在投资机会。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.555Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=889350","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b2b","date":"2022-12-30T16:00:00.000Z","stockId":3000000005477,"sao":"2022全年本基金均重仓业绩持续释放的新能源汽车产业链上游，且该环节在整个产业链的利润份额仍然有较长的持续性。6月底7月初为规避部分系统性风险略有降仓，降低的仓位于9月底再度买回，这一部分仓位变动对系统性风险的回避基本有效。系统性风险解除后，未来继续看好行业的估值修复逻辑演绎。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.552Z","mo":"判断2023年宏观经济弱复苏，短期内可能见不到运动式刺激政策，目前来看，政府高层比较自信内需在放开疫情管控后的自我修复动能。但如果内需复苏低预期，那么地产/汽车需求端的直接刺激政策会有动作的概率较大。内外部流动性都在边际改善，风险偏好提升会带动估值的修复。企业盈利在2023年也会见底回升。出口依旧会受海外经济周期波动影响有所承压。继续看好新能源汽车上游板块的估值修复，在下游整车厂开启价格战的背景下，随着其他厂商的陆续加入，下游需求的回暖大概率好于此前普遍偏悲观的预期。从产业链的角度，2023年上游或仍然是整个蛋糕盈利相对最优的环节。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=874221","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b2a","date":"2022-09-29T16:00:00.000Z","stockId":3000000005477,"sao":"国内层面上，各种因素影响下的经济逐步开始呈现复苏迹象；PPI和CPI剪刀差收敛，有利于中下游企业的盈利能力改善，总量上的盈利底大概率是今年4季度，预计最迟2023年1季度能见到；货币政策的自主性，流动性保持宽松，利率维持在比较低的水平上。国际层面上，美国经济预计将由滞胀走向衰退，消费动能边际减弱、新屋开工同比转为负增长，年底加息完成，2023年联储货币政策的关注点会由通胀转为衰退；能源价格高企冲击欧洲工业生产，欧洲主要国家7月制造业PMI已经跌破荣枯线，经济景气指数和就业预期指数等领先指标也均呈现显著的下降趋势；持续关注地缘政治变化对市场风险偏好、大宗商品和各国货币政策的影响。市场在价格上也已经反映了悲观预期，偏积极的因素在边际上存在逐步释放的迹象，这个位置上隐含的潜在风险收益性价比极高，底部区域特征明显。操作层面上，本基金在6月底7月初调减的小部分仓位已于9月末加满，继续看好以上游关键原材料为代表的新能源板块。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.550Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=811427","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b29","date":"2022-06-29T16:00:00.000Z","stockId":3000000005477,"sao":"由于全球地缘和全球疫情对经济面造成了较大的扰动，政府对稳增长的诉求或将更加强烈。全球层面，美联储因通胀高企加快了加息节奏，且海外通胀高企，对耐用品需求的回落对国内出口也会产生一定的压力。货币政策或将继续边际偏松，跨周期和逆周期宏观调控政策预计将更为坚定和明朗，流动性将呈现相对偏好的状态。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.547Z","mo":"在不确定的环境中寻找确定性，未来仍将持续重点关注长逻辑确定的赛道：新能源汽车和新能源发电行业，继续重点布局产业链上基本面与价格阶段性低估且背离较大的细分领域。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=788927","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b28","date":"2022-03-30T16:00:00.000Z","stockId":3000000005477,"sao":"一季度由于房地产基本面情况的继续恶化，同时消费也受到疫情的扰动，对稳增长的诉求或将更加强烈。全球层面，美联储的加息预期，国内出口也会受到疫情扰动，人民币或存在小幅贬值风险，海外资金二季度或仍有流出压力。跨周期和逆周期宏观调控政策预计将更为坚定和明朗。在不确定的环境中寻找确定性，未来仍将持续重点关注长逻辑确定的赛道：电动车和新能源行业，继续重点布局产业链上基本面与价格阶段性低估且背离较大的细分领域。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.545Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=730594","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b27","date":"2021-12-30T16:00:00.000Z","stockId":3000000005477,"sao":"第四季度，我国经济发展面临需求收缩、供给冲击、预期转弱三重压力；外部环境更趋复杂严峻和不确定。跨周期和逆周期宏观调控政策预计将有机结合。在不确定的环境中寻找确定性，未来仍将持续重点关注长逻辑确定的赛道：电动车和新能源行业，重点布局产业链上基本面与价格阶段性低估且背离较大的细分领域。","declarationDate":"2022-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.542Z","mo":"2022年经济仍有下行压力，货币政策和财政政策或将更为积极，流动性上亦边际更为充裕。看好市场在充分调整之后仍有持续的结构性行情，坚定看好未来3~5年确定性较高、长逻辑较顺且成长空间大的电动车和新能源发电等行业。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=716979","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b26","date":"2021-09-29T16:00:00.000Z","stockId":3000000005477,"sao":"第三季度，国内PPI继续上行，双控和缺电抬振PPI，未来上游对下游的传导或将加速，宏观经济整体呈现上游供给不足价格上涨和终端消费需求疲软共存的状况，经济下行压力边际加大，出口依然具有较强韧性，流动性整体中性偏松。未来仍将持续重点关注供需两旺的电动车和新能源行业，重点布局产业链上基本面与价格阶段性低估且背离较大的细分领域。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.540Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=659351","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b25","date":"2021-06-29T16:00:00.000Z","stockId":3000000005477,"sao":"上半年整体来看，美国十年期国债收益率在3月份暂时见顶，二季度进入回落阶段，商品和化工品价格跟随回落。国内的货币政策从预期收紧到实际情况没有市场预期的那么紧，导致成长股风格在一季度调整下行情况下转而恢复上涨。本基金在充分考虑PEG估值的基础上，暂时回避动态估值100倍以上的股票，寻找PEG估值水平可接受的行业及公司。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.537Z","mo":"展望下半年，重点关注海外影响因素，主要考虑美国通胀预期的趋势及Taper措施是否开始实行对国内市场的影响。中长期看，国内资产看好消费、科技、新能源行业里的公司。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=637197","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b24","stockId":3000000005477,"sao":"报告期内，国内经济将延续复苏态势。市场认为，受低基数影响，2021 年经济增长数据将在一季度达到年内高点，并呈现前高后低的态势，财政政策和货币政策在2021年逐步回归正常。在货币政策逐步退出宽松的背景下，纯粹依赖估值的个股/行业面临较大调整压力，未来重点关注受益于经济复苏带来业绩恢复的行业/公司的投资机会。报告期内，考虑到估值与业绩匹配度问题，2021年一季度开始降低食品饮料、机械、电力设备和新能源等行业的配置比例，但投资组合的净值仍然波动较大。另外，芯片缺货导致汽车生产受到影响，为规避风险，在2021年一季度后期降低汽车行业的个股比例。医药行业中涉及诊疗的细分行业在2020年一季度和二季度受到公共卫生事件影响，就诊人数减少，从2020年三季度开始，随着国内疫情得到控制，医院就诊人数开始恢复，因此加仓受益于就诊人数恢复的医药行业中的个股。最后，本报告期内，灵活调整有色金属、化工、建材和轻工行业的持仓比例。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.535Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧灵活配置混合型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=576149","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b23","stockId":3000000005477,"sao":"报告期内，公共卫生事件对全球经济产生较大影响，国内经济的快速恢复主要依赖于国内自身需求的潜力挖掘所带来的投资和消费增加。权益市场的表现主要是流动性宽松带来的估值扩张，为应对流动性拐点带来的风险，本基金在权益市场配置比例较为灵活，并且将自上而下和自下而上关注食品饮料、医药、计算机、通信和汽车等行业趋势性的投资机会。下半年以来，国内经济出现明显好转，部分行业的营业收入和利润出现显著改善，宽松的货币政策逐步退出，对于估值扩张较大的食品饮料和医药仓位适当进行调整，同时增加汽车、有色、工程机械和新能源产业链的配置比例。同时，在化工和TMT等行业寻找合适的投资标的。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.532Z","mo":"随着疫苗的逐步推广，以及海外主要经济体领导层的更迭带来对公共卫生事件全球合作恢复，全球经济活动将逐步恢复，工业品开始进入补库存阶段，原材价格将出现一定程度的上涨。考虑到全球主要经济体恢复的进度不一，不同国家对于宽松货币政策和积极财政政策的退出时点将出现明显差异。国内经济恢复较为迅速，受到公共卫生事件影响行业的盈利状况在上半年将出现明显好转，货币政策将由去年的宽松状态逐步恢复正常，权益市场的波动将加大，估值扩张过快导致其盈利未能及时跟上的行业/个股面临较大压力。权益市场的表现将由估值扩张驱动转向盈利修复驱动，在盈利修复的行业中寻找合理估值将成为未来工作重点。从行业景气前景看，随着生产商逐步增加中间品库存的影响，化工、有色和机械设备行业景气度将在今年上半年保持高位，行业盈利能力将显著高于其他行业，本基金积极在这些行业中寻找供给和需求增速匹配的个股作为投资标的。另外，公共卫生事件发生后，企业品质得到全球客户认可的企业将进入全球供应链，享受全球价值链上升带来的成长机会，这些行业集中在汽车、机械设备、电子、电力设备新能源和医药等细分行业，基金管理人将持续关注其投资机会。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=562053","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b22","stockId":3000000005477,"sao":"2020年三季度以来，我国国内经济开始企稳，货币流动性由原来的宽松逐步转变为适度偏紧的态势。本基金在报告期内对持仓进行适当幅度的调整，考虑到食品饮料和医药等估值相对较高，减少相关行业配置比例并精选具有长期投资价值的个股进行投资。同时，公共卫生事件对企业资本开支出现一定影响，逐步减少计算机和通信等行业配置比例。另外，从行业景气度出发，在机械设备、化工和汽车等行业寻找投资机会。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.530Z","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=494269","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec8b57fea5b3eb0483b21","stockId":3000000005477,"sao":"报告期内，由于新冠疫情在海内外先后爆发，引发了全球经济陷入衰退的担忧，市场经历了较大幅度的波动。国内经济活动在2-3月停滞后，出现缓慢复工，权益市场的上涨主要受流动性的推动。报告期内，本基金的权益资产配置比例保持相对稳定，主要关注内需拉动挖掘相关的行业和机会以及经济结构转型和改革带来的行业红利机会。以及受疫情影响较小，长期趋势向上的5G应用及科技相关行业。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:18:45.527Z","mo":"年初发生的公共卫生事件对导致经济活动出现一定停滞，经济复苏进度具有一定不确定性。从数据看，国内经济已经开始出现触底迹象，需要进一步观察复苏的持续性，货币政策将回归正常并相对上半年边际收紧，市场将更加关注企业盈利的改善的持续性和幅度。本基金将动态跟踪经济复苏进度，在化工、建材、机械设备和汽车等行业中寻找投资机会。另外，关注技术升级和消费习惯变动所带来的行业变革机会，在通信、电子、医药和食品饮料等行业寻找具有竞争优势的企业进行投资。","fund":{"_id":3000000005477,"stockCode":"005477","stockType":"fund","areaCode":"cn","followedNum":4,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2018-01-07T16:00:00.000Z","setUpScale":389011000,"market":"a","tickerId":5477,"custody":"中国邮政储蓄银行股份有限公司","name":"长安鑫禧灵活配置混合型证券投资基金","shortName":"长安鑫禧混合A","fundSecondLevel":"hybrid","__csrcFundId":5086,"fundStatus":"normal","lastUpdated":"2024-12-31T23:39:43.134Z","masterFundFlag":1,"inceptionDate":"2018-02-06T16:00:00.000Z","fundCollectionId":4000050680000,"currency":"CNY","masterFundShortName":"长安鑫禧混合","pinyin":"caxxlhpzhhxzqtzjj","managers":[{"stockCode":"j101019759","stockType":"fund_manager","exchange":"fm","tickerId":100223243410,"name":"江博文"}]},"announcement":{"linkText":"长安鑫禧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=466926","linkType":"PDF","source":"csrc_pdf"}}]}