window.pageData = {"stock":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值","fundSecondLevel":"hybrid","fundStatus":"normal","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50790000","tickerId":50790000,"name":"东海基金管理有限责任公司"},"managers":[{"name":"邵炜","stockType":"fund_manager","stockCode":"db20875258","exchange":"fm","tickerId":1923222870}],"hotMetrics":{"fss":{"stockId":3000000006538,"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":638,"f_h_s_a":6665,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000006538,"type":"fpr","f_p_r_fys_ssc":8937,"f_p_r_fys_ssrp":0.6793867502238138,"f_p_r_m1_ssc":9360,"f_p_r_m1_ssrp":0.7789293727962389,"f_p_r_m3_ssc":9167,"f_p_r_m3_ssrp":0.8447523456251363,"f_p_r_m6_ssc":8939,"f_p_r_m6_ssrp":0.7724323114790781,"f_p_r_y1_ssc":8437,"f_p_r_y1_ssrp":0.4906353722143196,"f_p_r_y2_ssc":7794,"f_p_r_y2_ssrp":0.7808289490568459,"f_p_r_y3_ssc":7015,"f_p_r_y3_ssrp":0.9395494724836042,"f_p_r_y5_ssc":4567,"f_p_r_y5_ssrp":0.9551029347349979,"f_cagr_p_r_fs_ssc":9313,"f_cagr_p_r_fs_ssrp":0.6082474226804123},"fp":{"stockId":3000000006538,"type":"fp","f_p_r_fys":-0.007305003534679555,"f_p_r_m1":-0.057287781590332765,"f_p_r_m3":-0.08499855198378214,"f_p_r_m6":-0.0810063990692268,"f_p_r_y1":0.1608340222283453,"f_p_r_y3":-0.16580858085808559,"f_cagr_p_r_fs":0.031100380406158257,"f_p_r_d1":0.00226736803918004,"f_p_r_y2":0.11064241145970644,"f_p_r_y5":-0.4588043850633783,"last_data_date":"2026-07-14T16:00:00.000Z","f_i_d":"2018-11-22T16:00:00.000Z"},"ff":{"stockId":3000000006538,"type":"ff","f_m_f":38689,"f_m_f_r":0.012,"f_c_f":6448,"f_c_f_r":0.002,"f_m_a_c_f":45137,"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":"2026-06-01T16:00:00.000Z","f_m_fr":0.012,"f_mac_fr":0.014},"f_nlacan":{"stockId":3000000006538,"type":"f_nlacan","f_nv_d":"2026-07-14T16:00:00.000Z","f_nv":1.2638,"f_nv_cr":-0.01080150281778336},"f_as":{"stockId":3000000006538,"type":"f_as","f_tas":2762422.7661,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":688385,"holdings":1900,"marketCap":126597,"netValueRatio":0.0458,"quarterlyChange":-0.09592944369063727,"stock":{"stockCode":"688385","tickerId":688385,"exchange":"sh","stockType":"company","name":"复旦微电"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":600150,"holdings":4000,"marketCap":123360,"netValueRatio":0.0447,"quarterlyChange":-0.07276007215874936,"stock":{"stockCode":"600150","exchange":"sh","stockType":"company","tickerId":600150,"name":"中国船舶"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":600089,"holdings":4200,"marketCap":111300,"netValueRatio":0.0403,"quarterlyChange":0.19261926192619216,"stock":{"stockCode":"600089","exchange":"sh","stockType":"company","tickerId":600089,"name":"特变电工"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":600760,"holdings":2000,"marketCap":98200,"netValueRatio":0.0355,"quarterlyChange":-0.12336181417456382,"stock":{"stockCode":"600760","exchange":"sh","stockType":"company","tickerId":600760,"name":"中航沈飞"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":3816,"holdings":18000,"marketCap":82980,"netValueRatio":0.03,"quarterlyChange":0.2260638297872335,"stock":{"stockCode":"003816","exchange":"sz","stockType":"company","tickerId":3816,"name":"中国广核"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":601318,"holdings":1400,"marketCap":79492,"netValueRatio":0.0288,"quarterlyChange":-0.1698830409356732,"stock":{"stockCode":"601318","exchange":"sh","stockType":"company","tickerId":601318,"name":"中国平安"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":2714,"holdings":1800,"marketCap":75078,"netValueRatio":0.0272,"quarterlyChange":-0.17536575721629122,"stock":{"stockCode":"002714","exchange":"sz","stockType":"company","tickerId":2714,"name":"牧原股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":688231,"holdings":2500,"marketCap":74750,"netValueRatio":0.0271,"quarterlyChange":0.1499999999999999,"stock":{"name":"隆达股份","exchange":"sh","stockType":"company","stockCode":"688231","tickerId":688231}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":300438,"holdings":1300,"marketCap":73372,"netValueRatio":0.0266,"quarterlyChange":0.0605035700864347,"stock":{"stockCode":"300438","exchange":"sz","stockType":"company","tickerId":300438,"name":"鹏辉能源"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000006538,"stockId":600010,"holdings":29000,"marketCap":72790,"netValueRatio":0.0264,"quarterlyChange":0.054621848739495604,"stock":{"stockCode":"600010","exchange":"sh","stockType":"company","tickerId":600010,"name":"包钢股份"}}],"lastFsMetrics":{"latestTurnoverRate":9.895224333595017,"latestTurnoverRateDate":"2025-12-30T16:00:00.000Z"}},"list":[{"_id":"69e8eac61398d79843fe8b1b","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000006538,"sao":"2026年一季度，权益市场横盘偏弱，大小盘表现分化，债券市场修复为主，收益率曲线进一步陡峭化。具体来看，报告期内，10年期国债收益率最低为1.78%，最高为1.9%，至报告期末收于1.82%，较上季度末下行3BP；沪深300指数最低为4394点，最高为4837点，至报告期末收于4450点，较上季度末下跌3.89%。具体来看，政府工作报告明确经济增长目标为4.5%-5%的区间，为\"十五五\"开局奠定政策基调，政策方面实施更加积极的财政政策和适度宽松的货币政策。权益市场更多在结构上寻找高景气和高确定性方向，部分成长和周期板块涨幅靠前。债券市场则缓慢修复，在10年国债中枢维持稳定的情况下，短端下行，超长端上行，收益率曲线陡峭。报告期内，本基金围绕能源安全、国家安全以及战略资源等相关板块进行配置。","lastUpdated":"2026-04-22T15:35:34.204Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选混合型证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1479855","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69cbc69b381dd95da7df4b2c","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-30T16:00:00.000Z","stockId":3000000006538,"sao":"2025年A股市场在政策预期和流动性充裕的支撑下稳步上行。随着一系列稳增长政策的密集出台，市场信心持续增强。央行实施适度宽松的货币政策，通过降准降息为市场注入充裕流动性，企业融资成本进一步降低，为实体经济复苏和股市上涨提供了坚实基础。同时，针对科技创新企业的扶持政策持续加码，特别是人工智能、半导体等领域的突破性进展，点燃了市场热情，激发了市场活力。　　随着稳经济政策的持续落地见效，市场对经济复苏的预期不断强化。尤其是围绕新质生产力的政策组合拳，不仅稳定了市场预期，还引导了资金流向。与此同时，资金面得到显著改善，市场成交量持续放大，日成交额破万亿元成为常态。在这一系列积极因素的推动下，三大指数均创下近十年新高；科创板、创业板指涨幅领跑，彰显科技主线的强劲动能。　　从行业表现来看，2025年行业分化与轮动特征明显。科技创新成为全年最强主线，在AI产业趋势和政策催化的双重推动下，通信、计算机、电子等行业涨幅居前。半导体、先进封装、AI算力芯片等领域国产化突破加速，成为市场核心热点。此外，在并购重组政策支持下，重组概念股表现活跃，全年涨幅最大的个股多由并购重组驱动。黄金和有色金属板块在地缘政治风险和通胀预期支撑下，也成为市场重要投资主线。　　报告期内，本基金围绕复苏线索在周期成长行业内配置，主要以资源板块和军工板块的配置为主。全球降息周期下，基本金属、贵金属和小金属都具备战略配置价值，而军工板块“十四五”收官之年订单加速执行，同时“十五五”规划推动以及潜在军贸的影响下，微观层面企业订单及业绩开始释放。","lastUpdated":"2026-03-31T13:05:31.473Z","mo":"展望2026年，全球经济有望在政策协调和技术创新的推动下实现更稳定的增长，但不确定性仍然存在，贸易保护主义抬头和地缘政治风险仍是主要下行风险。国内经济将继续沿着高质量发展的路径前行，内需的进一步释放和科技创新的加速将成为经济增长的主要动力，“十五五”规划的开局将为经济发展注入新动能。　　从估值角度看，当前A股市场的整体估值已修复至历史中位水平，部分科技板块估值偏高，而传统板块仍具备一定配置价值。国内债券市场预计将维持低位震荡格局，利率进一步下行空间受限，后续需要观察国内经济复苏力度、通胀回升情况以及货币政策边际变化。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1457014","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498079","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000006538,"sao":"2025年三季度，权益市场明显走强，债券市场则陷入连续调整。具体来看，报告期内，10年期国债收益率最低为1.64%，最高为1.90%，至报告期末收于1.86%，较上季度末上行21BP；沪深300指数最低为3925点，最高为4648点，至报告期末收于4641点，较上季度末上涨17.90%。　　进入三季度，雅江项目启动带动上证指数站稳3500点，随后反内卷等政策进一步推动市场情绪，市场风险偏好抬升，权益市场逐步从价值转向成长，股债表现从流动性支撑的股债双牛转变为风险偏好主导的跷跷板行情。权益市场在中美贸易形势缓和、反内卷政策和部分产业景气提升的推动下有较大涨幅；债券市场则在弱势格局下因货币政策表述淡化“择机降准降息”和基金销售费用新规征求意见等事项进一步走弱。　　报告期内，本基金围绕复苏线索在周期成长行业内配置。受益于反内卷政策，三季度我们增配了制造业和资源板块龙头公司。维持了军工的配置比例，以军贸为主要方向，同时增配了汽车、锂电、创新药等优质个股。","lastUpdated":"2026-03-09T13:23:23.538Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1381426","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498078","date":"2025-06-29T16:00:00.000Z","stockId":3000000006538,"sao":"2025年上半年，股债资产均以震荡为主。权益市场年初以来情绪逐步回暖，市场风格逐步从红利向成长扩散，期间关税冲击导致市场短暂下跌，但后续持续修复。债券市场年初收益率延续快速下行至历史低位，随后出现明显反弹，二季度在流动性改善和关税冲击影响下出现修复。具体来看，报告期内，10年期国债收益率最低为1.60%，最高为1.90%，至报告期末收于1.65%，较上年末下行3BP；沪深300指数最低为3514点，最高为4025点，至报告期末收于3936点，较上年末上涨0.03%。　　报告期内，本基金围绕复苏线索在周期成长行业内配置。二季度增配了军工板块，军工板块“十四五”收官之年订单加速执行，同时“十五五”规划推动以及潜在军贸的影响下，微观层面企业订单及业绩开始释放。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.535Z","mo":"展望下半年，经济增速或温和放缓，主因出口承压及房地产投资疲软。但政策发力对冲明确，财政加码“两重”（重大战略、重点安全领域）和“两新”（设备更新、消费品以旧换新），货币政策维持宽松，物价有望温和回升。政策与流动性支撑市场估值中枢有望抬升，叠加美联储降息周期利好新兴市场，权益市场预计结构牛延续。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1348746","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498077","date":"2025-03-30T16:00:00.000Z","stockId":3000000006538,"sao":"2025年一季度A股呈现震荡上行趋势。年初受外部关税政策扰动及市场风险偏好收缩影响，市场短暂调整。春节后，政策组合拳发力叠加DeepSeek大模型技术突破，科技板块引领市场反弹，推动上证指数逐步修复。人工智能（AI）、人形机器人、计算机等TMT板块在DeepSeek技术突破催化下表现活跃，成为市场主线，风格较为极致。　　报告期内，本基金围绕复苏线索在周期成长行业内配置。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.532Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1268843","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498076","date":"2024-12-30T16:00:00.000Z","stockId":3000000006538,"sao":"回顾2024年的市场走势，呈现从悲观预期到价值修复的“V型”震荡特征。受2023年末下跌惯性影响，叠加雪球爆仓、小微盘股流动性危机等因素，市场在1-2月出现多日超4000只个股下跌的极端行情，上证指数于2月探底2635点。随着市场稳定机制启动及长期资金入市，市场逐步反弹至3000点附近，但呈现“涨指数不涨个股”的特征，红利股和大盘股成为资金避风港。4月“国九条”和5月“517楼市新政”未能扭转市场悲观情绪，小微盘股持续下跌，宏观经济数据低迷加剧市场悲观预期。市场持续低迷。9月24日，三大金融部门联合发布刺激政策，叠加美联储降息，市场开启“史诗级”反弹。沪深300在两周内从3244点飙升至4450点，涨幅超37%，地产、白酒、券商板块领涨。全年上证指数收涨12.67%，成为全球表现最佳市场之一。　　从市场风格来看，也经历了从避险到风险偏好的切换。上半年：防御为主，市场风险偏好极低，资金涌入大盘蓝筹和红利股，小微盘股因流动性危机大幅下跌。下半年：成长风格回归。政策刺激下，科技成长股引领反弹，并购重组主题活跃。机构和个人投资者均增配科技板块，AI硬件（半导体）和软件（应用端）成为共识方向。　　报告期内，本基金围绕复苏线索在周期成长行业内配置。上半年配置主要是两重两新政策引导的内需方向，以及同时受益于内外需共振的工程机械及资源品，9.24新政后增加科技成长方向的配置比例。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.529Z","mo":"技术进步与信用周期是经济运行的两个基石，前者是供应端，后者是需求端。这一次国内年轻科技公司引发的创新热潮可能引发更多的80后90后充满奋斗的热情，经济演化取决于众人的心，好的经济是干出来的。　　展望 2025 年，我们相信国内经济将继续沿着高质量发展的路径前行，内需的进一步释放和科技创新的加速将成为经济增长的主要动力。2025年A股市场有望延续反弹态势，但市场风格可能更加均衡。一方面，随着全球经济复苏的进一步确认，周期板块（如化工、有色金属等）可能迎来阶段性机会；另一方面，科技创新和产业升级仍是长期主线，人工智能、半导体、新能源等领域有望继续领跑。此外，消费板块在居民收入改善和新兴消费的推动下，也可能成为市场的重要支撑。从估值角度看，当前A股市场的风险溢价处于历史较高水平，具备较强的配置价值。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1256397","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498075","date":"2024-09-29T16:00:00.000Z","stockId":3000000006538,"sao":"2024年三季度权益市场整体呈现V型走势，9月24日之前，市场单边下跌，行业和个股的利好已经完全钝化。 9月24日，央行、金融监督管理总局、证监会联合召开的新闻发布会成为市场拐点，随同9月26号的政治局会议一同扭转了市场对经济的悲观预期，市场迎来修复。　　本报告期内，本基金继续围绕复苏线索在周期成长行业内配置。上半年经济“量增价缩”的情况下，很多优秀公司已经开始出现明确的复苏态势，9月底的政策预期会进一步强化这个趋势。从细分方向来说，在大规模设备更新的政策下，同时受益于国内及海外补库的行业预计表现会更为确定。我们认为在全球拥有较强竞争力的各细分制造业龙头会优先受到增量资金的关注。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.527Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1170328","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498074","date":"2024-06-29T16:00:00.000Z","stockId":3000000006538,"sao":"2024年上半年，市场维持震荡走势，整体板块轮动仍然较快，投资主线经历了从涨价链到设备更新、地产链、红利资产再到科特估和苹果链的递进。风格上低估价值占优，成长股则更多表现为波段交易。　　本报告期内，本基金继续围绕复苏线索在周期成长行业内配置。上半年经济呈现出“量升价跌”的复苏形态，信贷及地产数据的波动加剧了市场对于复苏的担忧。从上市公司报表数据来看，收入的拐点需要国内需求的进一步明确。从细分方向来说，在大规模设备更新的政策下，同时受益于国内及海外补库的行业表现较优。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.524Z","mo":"展望下半年，国内经济仍处于新旧动能的转换期，从很多细分行业面临的周期看，已经处于触底反弹的趋势中。优秀的上市公司面临困境的情况下，积极平衡国内和海外的业务占比，国内这批优秀的企业在海外拥有很强的竞争优势。在微观企业上，我们看到了复苏力量的不断积聚，宏观上的“顺势”和“逆势”最终影响的只是斜率。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1145607","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498073","date":"2024-03-30T16:00:00.000Z","stockId":3000000006538,"sao":"2024年一季度，A股市场经历了剧烈的波动，尤其是在1月份，市场受到了经济预期调整和产品赎回的影响。进入2月，市场迅速修复失地。在行业和板块方面，传统能源行业及新质生产力相关的板块，如人工智能、机器人等概念表现出色，但整体板块轮动仍较快。　　报告期内，本基金在周期行业内做了一定的布局。一月份市场快速下跌与基本面及政策面产生了一定的背离，根据经济活动的相关数据，我们看好经济复苏方向，因此在与经济复苏相关性较高的周期行业增加了仓位配置。","declarationDate":"2024-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.521Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1074478","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498072","date":"2023-12-30T16:00:00.000Z","stockId":3000000006538,"sao":"2023年，A股市场可谓跌宕起伏。年初在疫情管控放开之后，市场对经济给予了强复苏的预期，在乐观的预期之下，A股也迎来了强势上涨。二季度开始，随着经济数据的不及预期，悲观情绪开始迅速蔓延，市场不断下调A股的收益预期；与此同时，年初市场预期的美国经济衰退、美联储降息并没有如期发生，美国偏强的经济表现促使市场不断后延美联储的加息时间表，较强的加息周期给全球风险资产带来了巨大的估值压力。最终，在内部复苏不及预期、外部强美元周期引发估值压力的预期差之下，市场全年表现较弱。期间仍然存在不少结构性投资机会，不管是年初的chatGPT、数字经济、中特估，还是下半年以北交所为代表的小盘股、华为概念、短剧概念，年内都录得了不错的涨幅，但是整体偏主题炒作，板块轮动速度较快，投资难度较大。  报告期内，本基金继续在高端制造（国防军工、新能源、新材料、半导体）方向挖掘有边际变化的标的。另外，四季度我们增加生猪养殖行业整体配置，我们判断能繁母猪仍然处于去化的过程当中，短期猪价可能由于季节性供需产生扰动，但随着能繁母猪的去化，行业供需格局将进一步明朗。","declarationDate":"2024-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.519Z","mo":"展望2024年，经济方面最重要的看点是能否从当下的“弱预期弱现实”的情况扭转向上。2023年三季度以来，为了弥补总需求的缺口，避免经济陷入长期低迷的负反馈，政策层面释放出了更多的积极信号，中央财政不仅增发了1万亿的特别国债，而且将2023年的预算赤字率从3%提升到了3.8%。年底的经济工作会议也提出了要稳中求进、以进促稳、先立后破。整体来看，以中央政府加杠杆、地方政府债务化解为主要表现的宽财政将成为2024年的主要政策发力点，后续需要观测政策实际的落地情况。  市场当前处于情绪较为低迷的阶段，长周期和短周期均有看似确定的负面压制；但是我们认为，回顾历史，市场在基本面出现拐点前后会出现情绪的延续，2024年中观数据的低基数效应集中于上半年释放，而价格和库存有望在下半年迎来拐点。站在当下，很多板块估值已经低于2022年的低点，虽然短期情绪对于股价可能造成冲击，当下股价已经包含了对于总量经济增速的悲观预期。我们认为应该立足当下、着眼未来，积极地寻找机会，走出弱现实与弱预期的负向反馈。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=1056054","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498071","date":"2023-09-29T16:00:00.000Z","stockId":3000000006538,"sao":"2023年三季度股票市场情绪较弱，成交量进一步萎缩。市场受到国内政策预期以及外资流动的影响，波动加大，沪深300指数下跌3.98%，其中科技成长板块跌幅较大，金融及地产链条等传统行业表现较强。军工方面，我们预计“十四五”中期调整的影响接近尾声。随着后续相关招标落地，行业增速预期会逐步企稳。  本报告期内，本基金继续在高端制造（国防军工、半导体、电子、新材料）方向挖掘有边际变化的标的，同时在具备出海优势的制造业上增加配置。","declarationDate":"2023-10-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.516Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=982478","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498070","date":"2023-06-29T16:00:00.000Z","stockId":3000000006538,"sao":"2023年上半年市场较为震荡，年初延续了复苏预期，与经济敏感性较高的沪深300走势较为强劲，4月开始高频数据转弱，终端需求也开始逐渐走弱，市场对于经济复苏的预期开始下修，市场风格迅速由“房地产和消费复苏”向TMT+“中特估”切换，主题投资活跃。高端制造方向，虽然大部分公司增速较好，但受到经济复苏预期波动和筹码结构的影响，整体较为弱势。军工方面，我们预计“十四五”中期调整的影响接近尾声，随着后续相关招标落地，行业增速预期会逐步企稳。同时，我们发现与一带一路国家出口相关性较高的部分公司增速较为稳定，考虑到在这些国家中国品牌具备一定的出海优势，我们后续将继续加强研究。  本报告期内，本基金继续在高端制造（国防军工、新能源、新材料、半导体）方向挖掘有边际变化的标的，同时在具备出海优势的制造业上增加配置。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.513Z","mo":"展望下半年，我们认为国内经济更多的是正常经济周期带来的波动，而非所谓的资产负债表衰退。与以往周期相比，地产信用的缺失使得整体修复较为缓慢，地产信用的问题最终又会涉及到土地财政，特别是广大的三四线城市。这需要一个系统性的解决方案，此次7月的政治局会议我们看到了对于以上问题的关注，期待后续进一步清晰明确的政策。但我们也需要看到，复盘以往周期来映射当下是会存在一些误区，特别是国内外所处的环境当下都更为复杂，国内居民和地方政府的资产负债表确实需要一定的时间来修复。因此国内短端利率预计会维持在较为宽松的状态，这对于短债市场和票息策略最为确定。当下来看，我们认为制造业和上游的资源行业都已经进入配置区域，特别是资源品，资本开支的缺失降低了供给侧的弹性。我们预计随着政策细节不断明朗化，对于中长期经济的悲观预期会逐步修正。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=962500","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb049806f","date":"2023-03-30T16:00:00.000Z","stockId":3000000006538,"sao":"2023年一季度各大指数延续了去年四季度以来的升势，上证指数、沪深 300、创业板指分别收涨 5.94%、4.63%、2.25%。年初以来，市场围绕“复苏交易”，价值和成长风格都有所表现，成长方向由于人工智能的催化，计算机、传媒等TMT板块表现较好，而业绩相对优势下降的新能源和军工板块表现一般。  报告期内，本基金继续在高端制造（国防军工、新能源、新材料、半导体）方向挖掘优质标的，我们看到了人工智能技术的巨大进步，在相关行业上我们做了相应的配置。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.511Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=885047","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb049806e","date":"2022-12-30T16:00:00.000Z","stockId":3000000006538,"sao":"回首2022年，A股市场跌宕起伏。一季度俄乌冲突的恐慌，二季度上海疫情缓解的基本面修复，三季度美元加息周期下的全球衰退担忧，反复影响着市场的情绪。第四季度，以新版疫情防控政策为新起点，市场重拾对中国经济中长期增长潜力的信心。本报告期内，本基金采取了相对积极的投资策略，全年仓位整体控制在偏高水平，在投资方向上聚焦新能源、军工、新材料等方向。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.508Z","mo":"展望2023年，发展与安全将成为关键词。战略型科技为最具成长性方向。新能源、新材料、国防军工和专精特新等领域产业政策持续加强，全球竞争力愈发增强。我们相信，随着疫情对国内经济的干扰逐步消除，对面向未来的新方向、新技术和新产能，产业资源投入的动力将更为积极。战略型科技高速成长的确定性，将进一步增强。  本基金将继续在国防军工、新能源、新材料、创新药等方向挖掘优质标的。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=873272","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb049806d","date":"2022-09-29T16:00:00.000Z","stockId":3000000006538,"sao":"2022年7月初受到地产数据不及预期的影响，市场悲观预期加剧，沪深300指数受到较大冲击，创出了4月份以来的新低。而美国8月通胀数据超出预期，美联储偏鹰派的表态下，加息预期出现了较大的变化，10年美债收益率迅速达到4%，对成长板块形成了较大的压制，加上俄乌事件的不确定冲击，市场形成了单边下跌走势。  三季度我们对组合进行了相应的调整，我们认为随着政策不断发力，经济悲观的预期会有一定的修复，市场风格会趋于均衡，大消费行业存在修复的机会。我们继续看好中长期景气预期较高的风电、光伏、储能、国产替代各细分领域及军工行业，尤其是海风产业链及国产替代的科学仪器公司。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.505Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=810255","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb049806c","date":"2022-06-29T16:00:00.000Z","stockId":3000000006538,"sao":"上半年市场经历了比较大幅度的波动，背后的原因我们认为是以下几点：海外来看，美股通胀数据呈逐月上升态势，加息预期升温，俄乌战争爆发；国内疫情反复，上海及其他城市封城担忧对经济造成影响，因而资本市场反应剧烈， 各类指数大幅下跌， 而随着疫情的稳定，复工复产的逐步恢复，指数也率先从底部反弹，反弹幅度较大的板块也是跟经济和疫情影响最相关的一些板块，而汽车反弹力度最大，我们认为既符合前面的逻辑，也是政策支持力度最大的方向之一，同时从行业景气度看，也印证了这一逻辑。二季度指数经历了快速下跌和暴力反弹，我们对组合进行了相应的调整，我们相信经历过政策托底，随着复工复产逐步开展，经济处在缓慢恢复中，更适合自下而上基于行业和基本面进行投资，主要看好新能源汽车产业链、光伏，军工，高端制造等景气度好且长期成长空间大的行业。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.503Z","mo":"自上而下角度来看，权益市场经历了上半年经济结构转型降速的预期下修，上海疫情封城带来的短期盈利预期、估值情绪的下杀，我们认为随着货币政策的宽松，对于经济最悲观的时期已经过去，预计下半年将继续维持宽松流动性，成长风格具备相对优势。成长方向中，我们依旧看好如新能源车、光伏、军工，高端制造等中观高景气度行业。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=787773","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb049806b","date":"2022-03-30T16:00:00.000Z","stockId":3000000006538,"sao":"今年以来的市场下跌，有来自于国内宏观经济对企业盈利基本面的影响，美联储预期加息的刺激，近期因俄乌冲突引起的海外多国对俄罗斯进行制裁引发的一系列宏观变化，例如能源价格上升，地缘冲突导致的资金在全球流动，中美潜在冲突带来的投资者风险偏好的变化，资金从新兴市场流出。这是一季度市场快速下跌的主要原因。当然，近期在国内多个城市的疫情，对我国的经济基本面还是有比较大的影响。3月的宏观经济数据看起来似乎还不错，但市场表现得并不是很满意。疫情的反复发生引发市场对宏观经济的再次担忧。站在当前时点看，中美发生剧烈冲突的担忧得到明显缓解，金融稳定委员会的表态，给市场一个明显的托底信心。当前市场的估值也很便宜，从实际增长来看，我们认为当前是一个市场在逐步磨底的过程。预计整个市场的大幅上涨会是在Q3,（那个时候宏观经济会开始变得更积极，市场的估值也会再次切换）。在从政策底到市场底的过程中，盈利增长比较好的企业会率先走出底部。因此，从中长期来看，我们认为当前是布局投资的好时机。科技这个行业具有成长性，亦具有周期性，我们一定要在这个行业处于明确向上，景气度向好，行业渗透率快速提升的阶段去投资，去赚取伴随行业上升的红利，这样才能在股价层面享受到戴维斯双击。一季度我们继续在科技+新能源领域里布局，通过寻找增长更优估值更合理的个股配置获得超额收益。同时，在当前时期，我们关注猪周期的反转预期机会。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.500Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=730583","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb049806a","date":"2021-12-30T16:00:00.000Z","stockId":3000000006538,"sao":"本报告期内，本基金采取了相对积极的投资策略，全年仓位整体控制在偏高水平，在投资方向上聚焦科技、新能源两大方向。2021年A股市场受新冠影响，导致权益市场在2-3月份经历了大幅波动，但随着国内疫情得到控制，海外疫情蔓延，全球货币政策保持相对宽松状态，全年权益市场表现好于债券。2021年本基金全年表现良好。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.497Z","mo":"展望2022年，我们认为权益市场的机会与风险并存，海外方面，美国加息将至对权益类资产有所压制，但另一方面海外疫情反复增加了海外经济修复的不确定性。我国经济整体处于增速切换的时期，而当前时点经济下行压力加大，政府提出“稳增长”政策对于经济形成一定托底效应，能源结构转型背景下必将孕育投资机会。从行业配置方面来讲，我们仍然确信“新能源+科技”板块的成长属性将带来很好的投资机会。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=716736","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498069","date":"2021-09-29T16:00:00.000Z","stockId":3000000006538,"sao":"我们觉得近期A股明显处于风格的纠结期，此前领涨的景气成长近期波动加大，而落后的低估值板块市场信心并不强。潜在的原因的多方面，利空因素包括：1）中国3季度的宏观数据显示增长低于预期，具有前瞻性的货币信贷、社融等数据也偏弱；2）全球能源短缺，使得工业生产产能受限；3）美国处于走向退出宽松的边缘，这将影响新兴市场的整体走势。但新冠病毒的疫苗出现新的突破，让人充满期待，此外，全球新感染人数意外下来，新冠带来的影响似乎可以看到曙光。这将有助于全球经济复苏。报告期内挑选具有优势的行业和景气度趋于上行的行业进行重点布局投资，并通过行业内优势比较精选具有核心竞争力的企业作为优先配置对象。具体分布在如白酒、新能源汽车、光伏、CXO、军工电子等相关板块，从中期角度看，我们认为这些板块的成长性可持续。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.495Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=656539","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498068","date":"2021-06-29T16:00:00.000Z","stockId":3000000006538,"sao":"本报告期内，本基金采取了相对积极的投资策略，年初以来整体仓位控制在较高水平，在投资方向上依然聚焦顺应产业发展方向的核心资产，主要包括医药、白酒、新能源等产业。2021年一季度美国十年期国债收益率大幅上行，导致权益市场在一季度经历了大幅波动，但随着海外疫情反复，全球货币宽松政策短期难以全面退出，二季度权益市场大幅回暖。从投资结果看，本基金布局的医药、新能源等产业均具备结构性机会。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.491Z","mo":"新冠疫情和经济修复是2021年上半年全球关注的焦点。随着疫苗大范围接种对经济复苏起到重要支撑作用，加上各国政府维持采取宽松的货币和财政政策，全球经济仍处于加速复苏中，但各国复苏仍存在不均衡性，各国新冠疫情依然有所反复，因此短期各国货币宽松政策依然难以全面退出。疫情之下，中国承接海外产能带来出口持续好转，6月出口金额接近两年内历史高位，两年平均增长15.1%。出口超预期增长主要受海外复苏的需求扩张和我国“替代效应”维持强劲所推动。但这种替代效应预计将随着海外疫情逐渐得到控制而消退，从数据看，5月以来我国制造业PMI新出口订单分项持续落在收缩区间，出口景气度可能在四季度随着西方疫苗接种加速而出现拐点。展望下半年，经济动能将进入换挡期，出口、地产投资拉动作用正在减慢，消费、制造业投资继续缓慢修复，正成为经济新的拉动力。同时考虑到下半年货币与财政双紧的风险得到释放，利率将从高位逐渐回落，整体依然有利于权益市场表现。从资产配置来看，2021年上半年商品较优，叠加碳中和催化，股市演绎顺周期结构；从下半年看，股市有望进入逆周期结构，消费和需求将成为主导，看好内需主导的消费产业投资机会。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=634873","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498067","stockId":3000000006538,"sao":"一季度A股市场经历了一波过山车行情，市场波动大幅增加，其中春节后市场的调整幅度和力度均超市场预期。我们认为市场的调整更多源于自身的估值压力，流动性改变以及全球经济复苏后对利率上升的担心。在经历一季度的快速风险释放后，我们认为市场的压力减小，未来更多的是通过市场震荡，以时间来换取空间，因此预计二季度市场将维持震荡的格局，结构机会为主。一季度东海核心价值重新聚焦龙头和消费产业，减持了前期重仓的新能源板块，并在市场大幅波动过程中适度增加了低估值板块配置比例。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.488Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=573749","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498066","stockId":3000000006538,"sao":"本报告期内，本基金采取了相对积极的投资策略，全年仓位整体控制在较高水平，在投资方向上聚焦消费和新能源两大产业。2020年A股市场受新冠影响，导致权益市场在2-3月份经历了大幅波动，但随着国内疫情得到控制，海外疫情蔓延，全球货币政策进入相对宽松状态，全年权益市场表现好于债券。2020年本基金全年表现良好。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.484Z","mo":"新冠疫情、货币宽松以及经济修复主导了2020年基本面与资产表现。随着疫苗的推广，2020年全球经济复苏一波三折。在病毒变异与经济修复不足的背景下，四大央行货币政策难以收紧，美国十年期国债收益率波动区间为1%至1.5%，全球资产价格普涨。疫情之下，海外持续提供需求刺激，中国承接海外产能带来出口持续好转；同时，叠加国内结构性货币与财政托底，房地产市场快速恢复，中国经济“一枝独秀”。展望明年，制造业投资、出口产业链与可选消费恢复将成为中国经济的三大亮点。考虑到货币与财政双紧的风险，房地产与基建投资料将平稳甚至略好于预期。    展望2021年，商品与股市更占优，利率高位震荡。从投资时钟，中国经济仍未回到潜在产出水平，新涨价因素主要跟随商品价格，国内经济预计上半年仍将处于复苏通道中，利率随着疫情恢复有一定上冲空间；从资产配置来看，基于经济六阶段模型，2021年上半年商品最优，股市演绎顺周期结构；从货币信用看，信用收缩环境中货币政策更倾向于维稳，全年可能处于“稳货币+信用温和回落”的组合。因此从未来配置看，配置具备高成长和受益经济复苏的板块相对安全性更佳，其中新能源、大金融以及周期品将是未来配置的主要方向。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=560346","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498065","stockId":3000000006538,"sao":"三季度A股市场整体进入估值回归阶段，表现为前期涨幅较高的消费品和科技股开始回调，而估值较低的顺周期产业估值有所抬升，分析其背后原因，一方面是三季度国内经济复苏态势逐渐明晰，顺周期产业盈利从底部开始抬升，显著特征为地产销售好转、石油价格上涨、出口反弹等；另一方面，新兴产业的在经历上半年的大幅上涨后，估值需要消化，业绩也需要进一步验证。三季度东海核心价值坚持年初的设定的聚焦龙头和消费产业，整体看，三季度在市场整体估值回归过程中表现低于预期。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.481Z","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=491019","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec9cb7fea5b3eb0498064","stockId":3000000006538,"sao":"2020年上半年新冠疫情快速席卷全球，资本市场经历了史诗级的大波动与大反转。期间，市场核心矛盾始终围绕疫情，基本面预期与政策均随之而变。疫情放大了经济周期的波动；各国政策力度不同，针对疫情采取了不同策略；疫情催化了一系列新业态，加速了部分行业的集中。我们紧跟海内外疫情形势、复工复产进度以及主要经济体政策应对情况。从市场运行看，我们较准确把握了国内形势好转以及海外应对政策超预期后的市场机会，这两个阶段权益资产均有系统性收益。基于国内经济处于修复早期的特征，结构上着重把握了消费、医药以及农业等景气度较高、确定性较强的方向。同时，考虑到海外复工复产后外需逐步好转，二季度末我们将消费电子等与外需关联度较高的板块纳入重点关注。本报告期内，东海核心价值采取了较为灵活的投资策略，配置方向也较为均衡，我们主要配置了科技、消费、医药等板块。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:23:23.475Z","mo":"在经历了上半年疫情之后，国内经济稳步恢复，复工复产逐渐好转，二季度经济增长明显好于预期，但是各个行业复苏出现了明显的差别。科技行业的生产与投资、疫情催化下的新业态以及地产销售恢复程度较好，消费行业内部分化也逐步加大。在 “房住不炒”的大背景下，深圳、南京为代表的城市基本都采取了收紧地产的政策，政策防止地产过热的信号强烈，传统经济缺乏向上弹性。中期维度来看，高技术产业、新老基建投资、部分可选消费等仍将是驱动经济修复的主要力量，疫情受损与受益行业的分化仍会持续一段时间。从外围情况来看，疫情仍在部分发达国家和发展中国家肆虐，发达经济体疫情呈现致死程度减轻、年轻化等特点，而新兴经济体部分国家仍在爆发的过程中。以美国为代表的的部分国家经济活动已开始受到疫情二次爆发影响，因此，海外的宽松政策退出之时尚早。未来，美国第二轮财政刺激计划即将落地，美联储货币政策持续宽松以应对不确定性，外需大幅回落的概率已不大。而中国、美国等国家新冠疫苗已进入三期临床测试阶段，未来半年落地概率较高。因此从中期维度来看，全球经济延续修复与政策温和退出将是大概率事件。展望未来一个季度，A股流动性仍旧充裕。居民存款搬家以及理财产品净值化等大趋势下，公募基金等构成今年A股市场的主要增量资金，结构性行情仍将延续。我们预计市场风格不会有大切换，但低估值板块具备一定风险再平衡作用。驱动本轮成长股（大消费与大科技，以创业板指为代表）走牛的核心原因来自长期低利率环境、科技创新周期、消费升级、经济转型与资本市场改革带来的盈利预期提升。目前看，这些中长期因素并未出现大的变化。","fund":{"_id":3000000006538,"stockCode":"006538","stockType":"fund","areaCode":"cn","followedNum":1,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2018-10-23T16:00:00.000Z","setUpScale":271575000,"market":"a","tickerId":6538,"custody":"江苏银行股份有限公司","name":"东海核心价值精选混合型证券投资基金","shortName":"东海核心价值(006538)","fundSecondLevel":"hybrid","__csrcFundId":5735,"fundStatus":"normal","lastUpdated":"2026-04-30T20:13:23.734Z","masterFundFlag":1,"inceptionDate":"2018-11-22T16:00:00.000Z","fundCollectionId":4000050790000,"currency":"CNY","masterFundShortName":"东海核心价值","pinyin":"dhhxjzjxhhxzqtzjj","managers":[{"stockCode":"db20875258","stockType":"fund_manager","exchange":"fm","tickerId":1923222870,"name":"邵炜"}]},"announcement":{"linkText":"东海核心价值精选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=463299","linkType":"PDF","source":"csrc_pdf"}}]}