window.pageData = {"stock":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"fundStatus":"normal","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50310000","tickerId":50310000,"name":"兴证全球基金管理有限公司"},"managers":[{"name":"谢治宇","stockType":"fund_manager","stockCode":"8801374718","exchange":"fm","tickerId":242625130160}],"hotMetrics":{"fss":{"stockId":3000000008378,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.020499999999999997,"f_ins_h_s_r_c_hy":0.0024999999999999953,"f_ins_h_s_r_c_1y":0.005499999999999998,"f_ind_h_s_r":0.9795,"f_ind_h_s_r_c_hy":-0.0024999999999999467,"f_ind_h_s_r_c_1y":-0.005499999999999949,"f_h_a":22497,"f_h_s_a":39352,"last_data_date":"2025-06-29T16:00:00.000Z"},"fpr":{"stockId":3000000008378,"type":"fpr","f_p_r_fys_ssc":8989,"f_p_r_fys_ssrp":0.2680240320427236,"f_p_r_m1_ssc":9231,"f_p_r_m1_ssrp":0.26067172264355365,"f_p_r_m3_ssc":9128,"f_p_r_m3_ssrp":0.2568204229210036,"f_p_r_m6_ssc":8818,"f_p_r_m6_ssrp":0.3105364636497675,"f_p_r_y1_ssc":8347,"f_p_r_y1_ssrp":0.23208722741433022,"f_p_r_y2_ssc":7732,"f_p_r_y2_ssrp":0.1666019919803389,"f_p_r_y3_ssc":6942,"f_p_r_y3_ssrp":0.13758824376890938,"f_p_r_y5_ssc":4347,"f_p_r_y5_ssrp":0.27634606534744593,"f_cagr_p_r_fs_ssc":9174,"f_cagr_p_r_fs_ssrp":0.17366183364221083},"fp":{"stockId":3000000008378,"type":"fp","f_p_r_fys":0.1711651459418142,"f_p_r_m1":0.07286333202048056,"f_p_r_m3":0.09981606926562292,"f_p_r_m6":0.18784824846165038,"f_p_r_y1":0.6047653335078871,"f_p_r_y3":0.7292798194258303,"f_cagr_p_r_fs":0.15047695731964628,"f_p_r_d1":-0.018203170874926622,"f_p_r_y2":0.891520715994137,"f_p_r_y5":0.29413006756756976,"last_data_date":"2026-05-18T16:00:00.000Z"},"ff":{"stockId":3000000008378,"type":"ff","f_m_f":6104510,"f_m_f_r":0.008,"f_c_f":1526127,"f_c_f_r":0.002,"f_m_a_c_f":7630637,"f_m_a_c_f_r":0.01,"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":0.008,"f_mac_fr":0.01},"f_nlacan":{"stockId":3000000008378,"type":"f_nlacan","f_nv_d":"2026-05-18T16:00:00.000Z","f_nv":2.4516,"f_nv_cr":0.00496003279360524},"f_as":{"stockId":3000000008378,"type":"f_as","f_tas":1357147861.773,"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":3000000008378,"stockId":600160,"holdings":2645300,"marketCap":90336995,"netValueRatio":0.0666,"quarterlyChange":-0.10725666243815102,"stock":{"stockCode":"600160","exchange":"sh","stockType":"company","tickerId":600160,"name":"巨化股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockId":1000000000001801,"holdings":1065155,"marketCap":79846633,"netValueRatio":0.0588,"quarterlyChange":0.11344262295081897,"stock":{"stockCode":"01801","exchange":"hk","stockType":"company","tickerId":1801,"name":"信达生物"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockId":1000000000009988,"holdings":666400,"marketCap":70019347,"netValueRatio":0.0516,"quarterlyChange":-0.16666666666666652,"stock":{"exchange":"hk","stockType":"company","stockCode":"09988","tickerId":9988,"name":"阿里巴巴-W"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockId":1000000000002423,"holdings":1682321,"marketCap":56296861,"netValueRatio":0.0415,"quarterlyChange":-0.08674698795180746,"stock":{"exchange":"hk","stockType":"company","stockCode":"02423","tickerId":2423,"name":"贝壳-W"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockId":605117,"holdings":381500,"marketCap":50151990,"netValueRatio":0.037,"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":3000000008378,"stockId":688099,"holdings":623089,"marketCap":48901799,"netValueRatio":0.036,"quarterlyChange":-0.09205548549810871,"stock":{"stockCode":"688099","exchange":"sh","stockType":"company","tickerId":688099,"name":"晶晨股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockId":688120,"holdings":275388,"marketCap":47917512,"netValueRatio":0.0353,"quarterlyChange":0.15938166311300672,"stock":{"name":"华海清科","exchange":"sh","stockType":"company","stockCode":"688120","tickerId":688120}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockId":1000000000009969,"holdings":3881361,"marketCap":46470766,"netValueRatio":0.0342,"quarterlyChange":0.10243902439024444,"stock":{"stockType":"company","exchange":"hk","stockCode":"09969","tickerId":9969,"name":"诺诚健华"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockId":688319,"holdings":1564591,"marketCap":45467014,"netValueRatio":0.0335,"quarterlyChange":0.14589905362776046,"stock":{"stockCode":"688319","tickerId":688319,"exchange":"sh","stockType":"company","name":"欧林生物"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockId":300750,"holdings":105860,"marketCap":42523962,"netValueRatio":0.0313,"quarterlyChange":0.09377552687469404,"stock":{"stockCode":"300750","exchange":"sz","stockType":"company","tickerId":300750,"name":"宁德时代"}}],"bondHoldings":[{"_id":"69e8f9c51398d79843001352","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000008378,"stockCode":"250431","stockName":"25农发31","holdings":200000,"marketCap":20180509,"netValueRatio":0.0149,"lastUpdated":"2026-04-22T16:39:33.318Z"}],"lastFsMetrics":{"latestTurnoverRate":1.6067335632985646,"latestTurnoverRateDate":"2025-06-29T16:00:00.000Z"}},"list":[{"_id":"69e8eb011398d79843fe8dc6","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000008378,"sao":"一季度前期市场延续了25年下半年的投资风格，围绕AI主线，科技股投资机会较多。进入三月，中东的局部冲突导致大宗商品价格大幅波动，市场风险偏好显著回落。我们认为，不同于22年俄乌冲突时正处于全球经济下行期，26年处在科技革命浪潮和产业政策支持的红利期。或许我们无法精准预判冲突和战争何时平息，无法预测霍尔木兹海峡何时通航，但国际形势的黑天鹅更多只是短期交易上的扰动，全年看，AI的飞速发展和宏观经济的企稳回升将是全年主线，后续市场会对冲突战争逐步脱敏。　　各大CSP积极拥抱AI浪潮，不断新高的资本开支拉动了AI硬件投资的超级景气，海外缺电、缺存储正成为常态。在光模块、存储、储能、燃气轮机产业链中，能提供稳定供给的龙头企业将持续获得极高的溢价，供需缺口有望长期维持。在科技领域，国内有望崛起一批具备全球竞争力的优质公司，尤其是国内存储原厂将在26年迎来上市的历史机遇，国产半导体设备板块极具看点。本基金一季度对海外算力、半导体设备、储能以及化工板块进行了重点配置，部分化工龙头经历了格局的重塑与分化后将重新走向上升通道。港股在三月的全球市场调整中跌幅较大，预计后续随着互联网平台对外卖补贴的理性化，港股市场热度将会回升，本基金仍维持部分港股优质创新药以及互联网资产的配置，看好26年的投资机会。　　报告期内本基金维持了较高仓位，并保持一定港股仓位，未来将继续以较长周期持续跟踪公司核心竞争力变化趋势，持续挖掘技术变革加速带来的非线性增长以及细分子行业景气度反转的投资机会。","lastUpdated":"2026-04-22T15:36:33.793Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1478733","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b3b","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-01-21T16:00:00.000Z","stockId":3000000008378,"sao":"四季度市场波动有所加大，指数进入震荡走势，围绕AI主线市场依然热点不断，投资机会较多。以光模块为代表的海外算力板块，在海外大客户加单以及新技术发展的刺激下持续创出新高，我们欣喜地看到在光模块、PCB领域，国内的供应链龙头在国际舞台上获得了更高的话语权；在液冷、电源等领域，国内龙头也正在取得历史性的突破。在AI天量资本开支的拉动下，海外出现了缺电、缺存储的窘境，相应国内的储能、燃气轮机、存储相关产业链迎来了高度景气，个股机会迭出。而国产算力的突破拉动了国内半导体景气度，尤其是国内存储原厂将在26年迎来上市的历史机遇，国产半导体设备以及耗材将是配置的重点。在科技领域，国内有望崛起一批具备全球竞争力的优质公司。　　本基金四季度对海外算力、半导体设备等领域进行了重点配置。港股市场由于大量IPO的资金分流，略显疲软，本基金仍维持部分港股优质创新药、互联网资产的配置，预计随着人民币汇率的预期扭转，更多类型的海外资金将会布局港股市场，本季度内的调整或许会给出一个非常理想的参与窗口。　　报告期内本基金维持了较高仓位，并保持一定港股仓位，未来将继续以较长周期持续跟踪公司核心竞争力变化趋势，持续挖掘技术变革加速带来的非线性增长以及细分子行业景气度反转的投资机会。","lastUpdated":"2026-03-09T13:31:06.123Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1457334","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b3a","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000008378,"sao":"3季度市场延续上涨趋势。进入9月以后，AI核心主线涨速过快导致分歧，叠加外部宏观环境变化对投资者预期产生冲击，市场波动率明显放大，涨势有所放缓。　　以光模块和PCB为代表的海外算力板块继续成为驱动市场上涨的主要力量。伴随估值定价开始向26年的业绩进行切换，部分投资者对于行业长期的景气度开始产生疑虑，主要理由是尚未在终端应用领域看到AI模型的广泛渗透。除此以外，技术路线的迭代也对未来竞争格局的变化带来了不确定性：无论是模型侧各家大厂对于效率的不同追求，还是硬件侧集约化要求对于供应链的挑战，都会影响到相关公司长期的内在价值。面对一轮大的技术浪潮，需要同时保持乐观和谨慎。我们会密切跟踪行业的发展变化，大胆假设的同时小心求证，力争做出足够前瞻的判断，并在此基础上进行合理的估值定价。　　过去两个月非银存款连续的快速增长与居民储蓄搬家的宏观假设相吻合。在相对宽裕的流动性支持下，板块轮动并未导致大幅的下跌调整，这与去年9.24之前的市场表现有着明显的不同。除了宏观政策的支持之外，科技和高端制造领域强劲的基本面也是重要的决定性因素：国产算力的突破带动了半导体设备的需求扩张；储能需求落地叠加固态电池工艺的进步逆转了新能源行业的下行趋势；创新药虽然受到美国潜在的政策限制但不改变研发效率提升下长期的崛起趋势。我们认为基本面和流动性的良性互动初见端倪，这构成了驱动市场长期趋势反转的内在动力。　　相比之下，港股市场在报告期内的表现相对稍显逊色，宏观层面主要是受到港元汇率和拆借利率大幅波动的影响，行业层面则是在电商和新能源汽车等领域的竞争加剧引发了投资者对于行业盈利水平下滑的担忧。伴随着国家反内卷政策的推进，这一负面影响正在逐渐转弱。我们关注到更多不同类型和风格的海外资金正在积极布局港股市场，本季度内的调整或许会给出一个非常理想的参与窗口。　　本基金总体维持较高的仓位，并保持一定港股持仓比例，以较长周期持续跟踪公司核心竞争力变化趋势，持有具有良好投资性价比的公司。","lastUpdated":"2026-03-09T13:31:06.120Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1381167","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b39","date":"2025-06-29T16:00:00.000Z","stockId":3000000008378,"sao":"上半年国内宏观经济平稳向好，出口韧性超市场预期，消费低位企稳，投资端逐渐发力。Deepseek的横空出世重塑了全球投资者对于中国科技的信心，AI算力和应用板块带动市场稳步上涨，形成慢牛趋势。　　尽管4月初受到美国对等关税的负面冲击，市场短暂跳水后迅速企稳，在红利板块的托底下重新找回自身的节奏。之后伴随着成长和价值的轮动切换，指数逐步回升到年内高点水平。　　行业方面，以AI、机器人、和半导体为代表的科技板块依旧扛起了成长风格的大旗；银行作为价值红利的代表突破历史新高，保险和券商也各有表现；叠加新消费和创新药基本面的爆发与长期空间叙事相互印证，市场整体的赚钱效应大幅改善，有利于长期投资者通过价值发现获取超额收益。　　本基金总体维持较高的仓位，并保持一定港股仓位，以较长周期持续跟踪公司核心竞争力变化趋势，持有具有良好投资性价比的公司。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.118Z","mo":"展望下半年，经济面临一定结构性压力，但不改整体向好的趋势。重点行业反内卷政策的推出有助于打破市场过度竞争的囚徒博弈，提振总体价格水平，进而改善企业盈利。但政策效果仍需要需求侧的配合，以保证价格传导机制能够顺利实现。国家在全国统一大市场方面的布局也至关重要，这决定了地方政府在反内卷过程中受到的制度约束。总体而言我们看好相关龙头企业因为竞争压力的缓解而先于基本面改善迎来估值修复。　　出口方面，凭借中国制造全方位的竞争力，我们在前几轮的关税谈判博弈中占据了相对主动的地位，尽管最终方案达成前还需要进行多轮博弈，但波动的范围相较于年初已大幅收窄，考虑到市场的学习效应，预计下半年对经济和股市不会造成实质性的负面冲击。　　宏观企稳为投资创造了一个良好的外部环境，但盈利的机会还是主要来自行业的发展和公司业绩的增长。AI不仅带动上游算力投资进入景气周期，同时赋能智能硬件并驱动终端应用场景的不断演化，无论是AI眼镜、智驾汽车、还是智慧家居都在深刻地改变我们的生活。国家在数字货币领域的制度创新，以及企业对消费场景的改造也正以更潜移默化的方式重塑经济的运行模式，将价值分配和商业竞争带入下一个世代。制度优势、企业家精神、和工程师红利确保了我们在走出去的过程中将诞生一批具备国际竞争力和全球化视野的优质企业，发现并陪伴他们一起成长是我们作为价值投资者的使命和愿景。　　本基金以追求长期收益为主要目标，尽力平衡好短期股价波动和公司长期投资价值之间的矛盾，以更长期的视角继续寻找和持有具有良好投资性价比的公司，期望获取稳健的投资回报。本基金也会在考虑风险收益的前提下对各领域做持续的跟踪，希望持续挖掘技术变革加速带来的非线性增长以及传统细分子领域景气反转的投资机会。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1344675","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b38","date":"2025-03-30T16:00:00.000Z","stockId":3000000008378,"sao":"经济层面，随着逆周期调控政策和家电家居汽车等一系列消费品以旧换新活动的落地，相关内需行业率先企稳回升，经济层面出现了积极信号。经济的筑底有助于资本市场的逐步回暖。科技方面，AI技术的发展正带动科技创新的活跃度不断上升，智能驾驶和人形机器人正在加速发展，AI眼镜等新的终端应用产品逐步走向成熟，未来这些科技领域国内都将崛起一批具备全球竞争力的公司。消费方面，传统消费品有望在25年触底反弹，以潮玩为代表的新消费正在加速渗透，情绪消费将是25年消费投资的重要机会。另外必需消费中，产品升级趋势延续，部分公司抓住了产品和渠道红利，增长势能充足。　　本基金总体维持较高的仓位，并保持一定港股仓位，以较长周期持续跟踪公司核心竞争力变化趋势，持有具有良好投资性价比的公司。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.115Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1274502","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b37","date":"2024-12-30T16:00:00.000Z","stockId":3000000008378,"sao":"上半年市场信心疲软，高股息资产获得了不错的超额收益，随着9月宏观政策转向，市场信心显著恢复，市场流动性和风险偏好明显改善，下半年成长股的收益更为突出。经济层面，随着逆周期调控政策和家电家居汽车等一系列消费品以旧换新活动的落地，相关内需行业率先企稳回升，经济层面出现了积极信号和喜人的迹象。科技方面，AI技术的发展正带动科技创新的活跃度不断上升，智能驾驶和人形机器人正在加速发展，AI眼镜等新的终端应用产品逐步走向成熟，未来在这些科技领域，国内都将崛起一批具备全球竞争力的公司。消费方面，潮玩、卡牌等新消费产品正在向全年龄段人群渗透。　　本基金总体维持较高的仓位，并保持一定港股仓位，以较长周期持续跟踪公司核心竞争力变化趋势，持有具有良好投资性价比的公司，力争实现为投资者创造中长期价值的目标。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.110Z","mo":"展望2025年，国内经济的企稳回升和科技创新带来的非线性增长将是主要看点，资本市场经历3~4年的持续调整后，也将逐步回暖，尤其是港股市场的风险收益比十分突出，将是本基金的重点配置方向。　　随着逆周期调控政策的推出、地产政策的转向以及消费品以旧换新活动的落地，经济回暖的概率正在上升，二手房的率先回升也在降低地产对于经济的拖累。出口方面，美国贸易政策的多变是个未知数，但不同于18年贸易战的手足无措，这次国内企业通过产能转移和产品升级，将有更多手段来应对潜在关税增加的冲击，同时家电、电动车等大批国内优势产业正在加紧出海，用国内高性价比的优质产品去建立海外品牌知名度，我们看好国内优秀企业的全面出海。消费方面，传统消费品有望在25年触底反弹，以潮玩为代表的新消费正在加速渗透，情绪消费将是25年消费投资的重要机会。　　AI的飞速发展正在改变我们的生活，智能驾驶在向20万以下价格带渗透，全民智驾平权的时代正在到来，未来智能驾驶将是车企的核心竞争力之一；人形机器人正走进越来越多的工厂，消费级的人形机器人已经在电商平台销售，众多零部件企业都将受益于机器人浪潮；AI眼镜则将是AI技术重要的终端应用之一，有望复制智能手机的发展轨迹，从而推升众多产业链投资机会。各家互联网企业积极拥抱AI浪潮，加大未来几年的资本开支，AI有望推动港股互联网公司的重估，并带动整个科技板块的景气度和活跃度。未来在科技领域，国内有望崛起一批具备全球竞争力的优质公司，在半导体、高端制造等“卡脖子”领域国内也将实现技术突破。　　本基金以追求长期收益为主要目标，尽力平衡好短期股价波动和公司长期投资价值之间的矛盾，关注基本面和估值的匹配度和性价比，通过拉长周期、聚焦优质公司来构建安全边际，寻找和持有具有良好投资性价比的公司，获取稳健的投资回报。本基金也会在考虑风险收益的前提下对各领域做持续的跟踪，希望持续挖掘技术变革加速带来的非线性增长以及传统细分子领域景气反转的投资机会。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1255656","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b36","date":"2024-09-29T16:00:00.000Z","stockId":3000000008378,"sao":"三季度A股上证指数上涨12.44%，创业板指数上涨29.21%。从宏观经济基本面看，三季度延续弱复苏态势，刺激一系列政策出台，九月底央行推出股票回购增持再贷款，房地产方面，加大核心城市限购放开与房屋交易税费减免力度。随着政策快速落地，后续市场期待更大力度的逆周期调节政策，市场风险偏好在季末出现明显提升，各类指数短期快速上行。　　从各版块看，3季度末恒生科技指数最先反映市场向好，A股中科创板、创业板等半导体、AI等科技公司股价涨幅较大。上半年表现较好的资源品除黄金期货价格仍处于上行通道外，铜、油期货价格震荡，而对应的龙头上市公司股价高位震荡。随着美国大选临近，对大选悲观预期的贸易政策又有所升温，出口链公司股价表现一般。　　本基金报告期内维持了较高仓位，持续对泛AI应用、半导体、新能源车、家电等相关产业链进行挖掘，未来仍将坚持挖掘公司长期成长价值，不断寻找具有良好投资性价比的优秀公司。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.108Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1177508","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b35","date":"2024-06-29T16:00:00.000Z","stockId":3000000008378,"sao":"上半年国内地产对经济仍形成拖累，相关产业链景气度仍处于下行区间，靠制造业与出口形成对冲。虽然经济各指标反复磨底，但股市估值也已经包含较多的悲观预期。　　上半年国内电网投资持续性较好，叠加电力设备出海进展加快，相关板块走势较好；汽车与新能源车出口均有增长，龙头企业表现较好；资源品价格高位震荡；美国AI服务器产业链仍高速发展，苹果AI落地预期带动国内电子产业链；A股电力、高分红等板块仍强势；消费受经济后周期影响仍显疲弱。　　本基金报告期内维持了较高仓位，对泛AI应用、半导体、新能源车、家电等相关产业链进行挖掘，对具有核心竞争力的公司进行长周期的跟踪和布局，未来仍将不断寻找具有良好投资性价比的优秀公司。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.105Z","mo":"国内经济全方位的复苏仍需较长时间；美国降息节奏推后，仍受到市场重点关注。从技术上看，随着国内高端芯片、半导体设备等自制逐步取得阶段性突破，仍看好估值合理、有持续创新能力的细分龙头公司；家电、汽车等中高端产品近几年出口总量不断创出新高，我们对国内公司的全球份额提升较快阶段进行跟踪与投资；AI与消费电子相结合的产品不断落地是大概率事件，持续挖掘其中较好的投资机会。　　本基金以追求长期收益为主要目标，尽力平衡好短期股价波动和公司长期投资价值之间的矛盾，以较长视角继续寻找和持有具有良好投资性价比的公司，期望获取稳健的投资回报。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1153194","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b34","date":"2024-03-30T16:00:00.000Z","stockId":3000000008378,"sao":"今年一季度国内宏观呈现弱复苏态势，地产基建低迷，出口增速有所回升；美联储降息预期升温，海外PMI超出荣枯线，整体海外经济延续复苏态势。上证指数上涨2.23%，创业板指下跌3.87%；恒生指数下跌2.97%，指数波动区间与幅度大。　　从各板块看：金铜油等资源品出现上涨，AI应用领域不断拓宽，智能驾驶在海外与国内均出现阶段性较大进展，低空经济开始在深圳等地蓬勃发展，以旧换新持续为经济提供动能。从市场风格看，低估值高分红关注度仍高，而新兴领域进展同样值得关注。本基金报告期内维持了较高仓位，对人工智能、智能驾驶、AI应用、医药消费等相关产业链进行挖掘，对有长期竞争力、应用空间广阔的硬件和软件公司进行精选和布局。　　未来仍将坚持挖掘公司长期成长价值，不断寻找具有良好投资性价比的优秀公司。","declarationDate":"2024-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.102Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1075534","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b33","date":"2023-12-30T16:00:00.000Z","stockId":3000000008378,"sao":"2023年国内经济基本面延续了2022年弱复苏趋势。地产政策收效一般，居民消费意愿不强；出口受到地缘政治影响难言高景气，整体经济缺乏向上动能。　　从产业角度观察，以AI 为代表的新技术展现出良好的发展前景和广阔的应用空间，其他新技术如人形机器人、VR、智能驾驶也均出现了阶段性突破。虽然这些新技术杀手级应用的前景和落地时间点还不明朗，但相关赛道长期具有高赔率，同时股价也呈现主题投资的高波动性。新能源行业为代表行业总量还在上升，但产能陆续投放带来产能过剩致使竞争加剧，价格下降过快从而盈利与估值双承压。传统行业里煤炭和有色出现阶段性投资机会。本基金总体维持较高的仓位，以较长视角持有具有良好投资性价比的公司。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.099Z","mo":"展望2024年，经济上政策仍以稳为主。资本市场在经历了2024年年初的震荡下行后，逐步企稳回升的概率更高。　　从市场风格看低估值高分红和AI板块年初关注度高；从细分板块看，AI和半导体、通信、计算机板块新技术随着我国中高端制造业国际化能力逐步体现，电子、汽车、机械、新能源等领域产品近几年出口总量不断新高，龙头上市公司产品的全球份额提升。而国内我们会在考虑风险的前提下对各领域进展做持续的跟踪，希望持续挖掘技术变革加速或子行业景气度好转的投资机会。本基金以追求长期收益为主要目标。尽力平衡好短期股价波动和公司长期投资价值之间的矛盾，以较长视角继续寻找和持有具有良好投资性价比的公司，期望获取稳健的投资回报。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=1056600","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b32","date":"2023-09-29T16:00:00.000Z","stockId":3000000008378,"sao":"从宏观层面看，三季度二三线城市逐步打开房地产限购，在政策的温和刺激下，一二手房产销售略微好转，但持续性较弱。地方债发行对项目考核要求仍严，四季度预计将完成年度发行规模，整体财政、货币政策以托底为主。国际方面，美元利率高位徘徊，叠加巴以冲突再次激化，资源品价格高位震荡，因此原材料价格进一步下行从而提升制造业毛利率的红利仍需一定时间。美国经济衰退不明显，高企的利率对其他经济体的流动性产生虹吸效应。　　三季度A股市场上证指数下跌2.86%，创业板指下跌9.53%；港股恒生指数下跌5.85%。港股方面，互联网大公司的基本面好转有限。A股方面，分版块看，AI相关应用虽在美国逐步丰富，全球服务器订单稳步增长，但国内的杀手级应用还在培育阶段，A股AI芯片、服务器、光模块等股价弱势震荡；消费电子需求有触底迹象，但弹性还未显现；资源品与贵金属中黄金在阶段性强势后有所回落，铜、铝维持震荡走势，油价有所反弹；除原油相关版块股价走强外，其他资源品版块股价表现一般；随着国内医药反腐取得阶段性成果，减肥药与创新药公司股价有所上涨。　　本基金报告期内维持了较高仓位，未来仍将坚持挖掘公司长期成长价值，不断寻找具有良好投资性价比的优秀公司。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.096Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=990627","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b31","date":"2023-06-29T16:00:00.000Z","stockId":3000000008378,"sao":"本基金上半年一方面关注与挖掘人工智能、港股互联网等新兴产业投资机会，另一方面持续跟踪周期、消费、医药、新能源等。基金总体维持较高的仓位，仍将以追求长期收益为主要目标，持续关注行业景气度、公司核心竞争力、商业模式、企业家精神等影响公司长期价值的因素。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.093Z","mo":"2023年以来宏观经济呈现弱复苏态势。地产数据仍处于下行周期，靠基建投资托底。年中以来国家在房屋旧改、认房不认贷等多种方面优化调整地产政策预期，其效果显现需要时间和力度的精准把握；居民消费增长仍受到收入预期转弱影响，迟迟未启动。海外美联储连续加息后，美国各项经济数据仍未见衰退。　　从各板块看，随着CHATGPT4.0的发布和应用，人工智能在应用端的空间打开，服务器、算力、模型、芯片需求不断放大；上半年游戏版号增加，影视产品供应增加，相关公司市值上涨后有所回调，主要是AI在各个领域的杀手级应用出现还需时间和技术不断演进。另外与固投周期相关行业走弱，之后随地产预期好转出现阶段性反弹，如地产、建材、煤炭、钢铁、轻工等板块。在港股方面，恒生指数和恒生科技指数上半年分别下跌4.37%和5.27%，港股互联网、医药等大市值公司股价以震荡为主。　　展望下半年，关注宏观经济拐点与关注各个新兴技术的边际变化并举，平衡好股价短期波动和公司长期投资之间的矛盾，以长视角继续寻找和持有具有良好投资性价比的公司，期望为投资人获取稳健的投资回报。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=965726","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b30","date":"2023-03-30T16:00:00.000Z","stockId":3000000008378,"sao":"今年一季度疫情对经济的影响基本消除，整体经济逐步回到复苏轨道。随着中国的稳增长政策落实与全球范围内的通胀见顶，内需复苏加上预期改善推动资本市场风险偏好回升。虽然海外银行出现了阶段性危机，但各国政府较为迅速的采取了对应措施，接管相关银行，市场情绪得到稳定。　　随着各种风险因素减弱，一季度A股市场上证指数上涨5.94%，创业板指上涨2.25%，恒生指数上涨3.13%。港股电讯、能源板块指数上涨较多，A股板块分化更明显。随着chatGPT取得了突破性的进展，由AI芯片、服务器、光模块等子版块带动的人工智能、中字头的“中特估”、半导体等板块涨幅较大，在GPT应用端中游戏、影视等板块也实现较大幅度上涨。本基金报告期内维持了较高仓位，对人工智能相关产业链进行挖掘，对有长期竞争力、应用空间广阔的硬件和软件公司进行精选和布局。未来仍将坚持挖掘公司长期成长价值，不断寻找具有良好投资性价比的优秀公司。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.090Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=889727","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b2f","date":"2022-12-30T16:00:00.000Z","stockId":3000000008378,"sao":"2022年短期偶发风险和长周期结构性风险叠加。策略上通过持续挖掘经济中积极向好的因素，在行业政策、景气度等方面着力寻找触底或预期修复的投资机会。本基金总体维持较高的仓位，将以追求长期收益为主要目标，持续关注行业景气度、公司发展空间、商业模式、核心竞争力、企业家精神等影响公司长期投资价值的因素，平衡好短期股价波动和公司长期投资价值之间的矛盾，以较长视角继续寻找和持有具有良好投资性价比的公司，期望获取稳健的投资回报。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.088Z","mo":"2022年国内地产周期走弱，靠基建投资托底,各种因素叠加，居民收入增长缓慢，从而制约消费回暖。俄乌冲突突发使资源品价格上涨较多，增加企业成本。海外通胀持续，美联储仍在加息周期，这些因素均对资产定价产生负面影响。在此背景下，2022年上证指数下跌15.13%，恒生指数下跌15.46%。港股互联网公司市值上半年窄幅震荡，3季度回撤较大后又出现“V”型反弹，波动率的增加需要的决策强度随之增加。　　2023年年初，国家对GDP的增长目标定在5%左右，明显高于2022年的3%的增长。年初后地产销售呈现好转迹象，地产开工、竣工均有修复预期；基建投资仍呈现稳健增长，而制造业投资相对强劲，投资端呈现复苏迹象。新能源、半导体、军工等板块股价低位运行，消费、白酒、计算机、通信等板块年初有所反弹。　　未来我们一方面在周期逻辑向上时寻找好的投资机会；另一方面在电子、半导体、消费等行业中寻找风险收益比长周期合理的品种进行组合配置，以为投资者创造合理的中长期价值为首要宗旨。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=871536","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b2e","date":"2022-09-29T16:00:00.000Z","stockId":3000000008378,"sao":"3季度A股、港股均出现较大调整，虽然2季度在新能源带动下出现了一波结构性行情，然而近期市场再低迷，截止九月底今年上证指数下跌16.9%，创业板指数下跌31.1%，恒生指数下跌26.4%。两市成交金额萎缩至7000亿极低水平，港股受全球流动性收紧影响更加明显。从宏观面看：地产虽有政策刺激，但向下动能仍在，还需时间见底；国内疫情多点反复，经济活动持续受阻；外部俄乌战争持续恶化，海外高通胀拐点难现致使美元利率走高，全球流动性收紧。短期偶发风险和长周期结构性风险叠加致使市场整体表现较差。  今年除煤炭、油气等上游资源品表现较好外，剩余其他行业今年表现均较差。从行业景气度看，经济低迷使手机等电子类产品换机周期拉长；半导体行业受到需求减弱和美国打压的情绪影响；疫情反复导致旅游、酒店需求迟迟不能有效释放。但中期看全A估值已较低，今年传统能源走强，而新能源、半导体、医药等成长性行业估值接近历史底部位置。互联网监管政策边际再紧概率变小；能源危机对应的光伏行业仍有较大发展空间；疫情反复但我国疫苗接种比例较高，消费、酒店长周期受损有修复需求；化工部分细分行业仍处创新周期；半导体虽受打压但必有应对举措，有希望突破核心技术瓶颈；VR、AR技术创新路径和消费者接受度还在观察；军工行业有持续增长预期。本基金坚持均衡配置和自下而上选股思路，仍继续寻找和持有具有良好投资性价比的公司。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.084Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=807425","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b2d","date":"2022-06-29T16:00:00.000Z","stockId":3000000008378,"sao":"上半年国内经历了俄乌战争、奥密克戎变种对经济产生的负面影响；国家为稳经济，增加就业机会，对经济采取了减税降费等各项措施；随着基建投入持续加大，部分城市地产政策持续放松，出台楼市帮扶基金稳住地产消费；整体出口总量仍维持高位，整体国内经济疫情后呈现温和复苏态势。国际上美联储加息连续落地，但各国CPI仍维持高位，海外需求是否放缓仍需观察。  上半年A股市场上证指数下跌6.63%，创业板指下跌15.41%，恒生指数下跌6.57%。各指数在下跌后出现反弹，表现较好的行业主要集中在新能源车、光伏等领域，传统周期和消费行业表现一般。港股部分公司在经历了互联网监管后，前期的市值已大幅度下跌反映了悲观预期，后续政策有边际缓和迹象，投资性价比上升。  本基金报告期内维持了较高仓位，抵御住了新冠疫情的冲击，后期仍将继续精选个股、挖掘公司长期成长价值，不断寻找具有良好投资性价比的优秀公司。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.081Z","mo":"展望下半年，在疫情得到有效控制，货币政策整体中性偏松的背景下，宏观经济虽有压力但良好的韧性会体现出来。未来中国部分产业会持续向价值链中高端升级，我们仍将寻找竞争力不断提升的公司，兼顾景气度、估值的匹配度和性价比，努力为持有人实现中长期较好的投资回报。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=788279","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b2c","date":"2022-03-30T16:00:00.000Z","stockId":3000000008378,"sao":"一季度国内经济有所走弱，叠加了奥密克戎变种对经济产生了负面影响；部分行业仍持续承受政策监管的压力，俄乌战争导致石油、煤炭等部分大宗商品价格上涨，企业成本压力较大；美国CPI持续走高，美联储加息与Taper步伐加快。整体上各指数表现较差，一季度上证指数下跌10%，深证成指下跌18%，创业板指下跌20%，恒生指数下跌6%。表现较好的行业主要集中在煤炭、地产、银行等传统周期性行业，新能源、科技、军工、医药、食品饮料等板块表现较弱。  本基金报告期内股票仓位较为稳定，将坚守对基民信托责任，继续精选个股、挖掘公司长期成长价值，努力平衡好公司的长期发展空间与短期估值，不断寻找具有良好投资性价比的优秀公司。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.078Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=729405","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b2b","date":"2021-12-30T16:00:00.000Z","stockId":3000000008378,"sao":"2021年A股市场上证指数上涨4.80%，相比2019年、2020年的22.30%、13.87%涨幅收窄；创业板走势与上证走势趋同；恒生指数全年下跌14.08%。  年初以来，国内疫情依然控制良好，上半年国民经济持续回升；进入下半年，房地产等部门压力较大，但制造业等部门仍有较好增长。  在此背景下，21年A股板块间和板块内部出现分化。以新能源车、光伏与半导体等板块为代表的科技成长股部分公司表现较好；医药、消费的核心资产股价经历2年大幅度上涨后出现震荡；下半年以电力为代表的能源供应有阶段性瓶颈，绿电板块强势；煤炭、钢铁、有色板块股价随政策波动有起伏。报告期内，本基金整体维持了较高仓位，在个股选择上广泛布局了从半导体、新能源、互联网、化工、家电等各行业具备核心竞争力的公司，平衡好公司短期估值与长期价值，不断寻找具有良好投资性价比的优秀公司。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.075Z","mo":"2022年国外疫情管控政策逐步放开，后续仍需观察奥密克戎变种对国内的影响。经过两年货币政策持续宽松，美国CPI在2021年4季度达到30年间较高水平，美国加息和缩表预期逐渐强烈，对全球经济影响需持续观察。  中央政府对全年GDP增速目标定在5.5%，力图保持平稳健康的经济环境。近年中国企业产品力、竞争能力逐渐增强，产业链地位不断提升，优秀公司具有良好的长期投资价值。22年我们仍将继续精选个股、挖掘公司长期成长价值，努力平衡好公司的长期发展空间与短期估值，不断寻找具有良好投资性价比的优秀公司。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=714649","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b2a","date":"2021-09-29T16:00:00.000Z","stockId":3000000008378,"sao":"三季度国内经济逐步走弱，其中房地产、消费压力较大，部分行业也受到政策监管的压力，在供给受限的背景下传统周期性行业景气度较好；海外方面美联储启动Taper的预期逐步明朗。整体上三季度上证指数下跌1%，深证成指下跌6%，创业板指下跌7%，恒生指数下跌15%。表现较好的行业主要集中在煤炭、有色、钢铁等传统周期性行业，医药、食品饮料等板块表现较弱。  本基金报告期内股票仓位较为稳定，继续坚持自下而上精选个股的操作理念，持续关注具备核心竞争力的优秀公司，平衡好公司短期估值与长期价值。我们将不断寻找具有良好性价比的投资标的，同时关注长期发展方向上的优秀公司。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.072Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=656815","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b29","date":"2021-06-29T16:00:00.000Z","stockId":3000000008378,"sao":"年初以来，国内疫情仍然控制地较好，经济持续稳定恢复、稳中向好。海外部分国家受新冠疫情影响较大，发达国家疫苗接种相对较快，经济从疫情中有所恢复；但是新冠病毒不断突变，疫情影响恐将持续。货币政策方面，国内保持灵活精准、合理适度的稳健货币政策。美联储淡化通胀影响，其资产负债表仍处于扩张状态，美国10年期国债收益率2季度有所回落。  2021年上半年上证指数上涨3.40%，创业板指上涨17.22%，港股恒生指数上涨5.86%。开年之初，核心资产延续20年涨势，2-3月份股市回调之后，以新能源汽车和半导体为代表的科技股逐渐表现强势。最终上半年基础化工、钢铁及电力设备新能源等行业表现较好，而非银金融、家电、军工等行业表现较差。  本基金报告期内股票仓位较为稳定，继续坚持自下而上精选个股的操作理念，持续关注具备核心竞争力的优秀公司，平衡好公司短期估值与长期价值，不断寻找具有良好投资性价比的优秀公司，力求为投资者带来稳健的回报。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.069Z","mo":"展望下半年，国内宏观经济政策仍会着力保持经济运行在合理区间，经济高质量发展成果已有所体现。海外方面，美联储开启Taper预期逐渐加强。在此背景下，我们仍将坚持自下而上精选个股的投资策略，选择具备核心竞争力的优秀公司，同时注重公司短期估值和长期投资价值的平衡，努力为持有人带来稳健的回报。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=634180","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b28","stockId":3000000008378,"sao":"一季度国内疫情得到有效控制，经济仍然延续复苏状态；海外部分国家新冠疫苗快速接种，疫情有所缓解。货币政策方面，国内保持灵活精准、合理适度的稳健货币政策，10年期国债收益率维持在3%以上。一季度大宗商品快速上涨，通胀预期有所提升，美国10年期国债收益率有所反弹。A股在春节后出现了一定幅度的回调。最后，1季度上证指数下跌0.9%，创业板指下跌7.00%，恒生指数上涨4.21%。其中表现较好的行业有钢铁、电力及银行等板块，而国防军工等行业表现较差。  本基金报告期内股票仓位变化不大，继续坚持自下而上精选个股的操作理念，持续关注具备核心竞争力的优秀公司，平衡好公司短期估值与长期价值，不断寻找具有良好投资性价比的优秀公司。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.065Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=570578","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b27","stockId":3000000008378,"sao":"2020年A股市场上证指数上涨13.87%，创业板指上涨64.96%，恒生指数略有下跌。年初市场延续2019年趋势，半导体等科技股表现较好。新冠疫情爆发对市场有短暂冲击，但随后全球主要央行均大力采取了货币宽松政策，使得全球主要市场股票估值都有不同程度提升。同时我国疫情控制较好，经济恢复不错，不少上市公司业绩也呈现较好增长趋势。在此背景下，2020年市场整体回报较好。  报告期内，本基金整体维持了较高仓位，抵御住了新冠疫情的冲击，在个股选择上广泛布局了从新能源到互联网、化工机械等各行业具备核心竞争力的公司。同时我们也努力平衡好公司短期估值与长期价值，不断寻找具有良好投资性价比的优秀公司。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.063Z","mo":"2021年，随着海外防疫措施的落实和全球疫苗接种，新冠疫情有缓解的趋势，经济活动也会逐步恢复正常。我国经济步入高质量发展时代，我们观察到一些优秀公司的竞争力相比前几年确实有了明显提升，涌现出了一些具备全球竞争力的科技和制造企业。货币政策方面，自2020年下半年开始我国已逐步正常化，海外方面虽然美联储官员仍然表达了宽松意愿，但通胀预期的提升可能会带动利率的上升。从股票市场来看，经过2019-2020年的上涨，部分公司的估值已经处于历史高位。在此大背景下，2021年我们将继续坚持自下而上精选个股的操作理念，持续关注具备核心竞争力的优秀公司，努力平衡好公司的长期发展空间与短期估值，不断寻找具有良好投资性价比的优秀公司。  本基金整体操作仍然本着风险控制的原则，坚定持有以基本面中长期逻辑为基础的品种，均衡配置，降低波动，以期更好地为投资者创造长期价值。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=559392","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b26","stockId":3000000008378,"sao":"三季度经济仍然呈恢复态势，疫情期间极度宽松的货币政策逐步正常化，10年期国债收益率也逐步上行。证券市场整体呈先扬后抑的态势。乘着2季度股市反弹之势，7月上旬A股走出了凌厉上涨之势，但之后震荡逐步走低。整体上三季度上证指数上涨7.82%，创业板指上涨5.60%，恒生指数下跌3.96%。其中表现较好的行业有国防军工、电力设备及新能源、汽车、食品饮料等行业，医药、TMT及商贸零售板块表现较弱。  本基金报告期内股票仓位较为稳定，核心持仓总体变化不大，继续坚持自下而上精选个股的操作理念，平衡公司的短期估值和长期价值。结构上继续重点关注优质的制造业龙头，同时不断寻找长期价值和性价比合适的标的。整体配置以具备中长期逻辑支撑、估值合适的中长期价值品种为主，总体结构较为均衡。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.059Z","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=491540","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecb9a7fea5b3eb04b8b25","stockId":3000000008378,"sao":"上半年上证指数下跌2.15%，创业板指上涨35.60%，港股恒生指数下跌13.35%。尽管公募基金整体最终获得较好回报，股票市场走势其实是一波三折。一季度，新冠疫情爆发，对全球正常经济活动造成重大影响。各国政府均采取了相应疫情应对措施，尤其是以中国、韩国为代表的部分国家和地区较好地控制了疫情的蔓延。进入二季度后，随着疫情逐步平息和“六稳”、“六保”政策的实施，国内经济逐步回归正常化，经济数据较一季度有明显反弹。美联储资产负债表的快速扩张和财政救助计划也为美国经济的稳定做出了贡献。以上种种措施都为股市的复苏创造了积极的环境。最终医药生物、食品饮料、电子、计算机等行业板块大幅上涨，给投资者带来丰厚回报；而银行、地产、石油石化等传统行业表现较为落后。上半年，本基金坚守对基民信托责任，以稳健收益为目标，将股票仓位逐步提升至90%左右，坚持自下而上精选个股的投资理念，坚定持有光伏、医药等行业优质公司，不断寻找长期价值和性价比合适的标的。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:31:06.056Z","mo":"展望下半年，虽然我们也关注疫情再度爆发、中美关系等不确定因素；随着宏观经济企稳及货币政策逐步回归正常，我们仍然保持积极乐观的心态，继续寻找具有投资价值的优质公司。近些年，无论是从宏观经济数据来看，还是从微观企业研究来看，我们都感受到了中国经济的深度、广度和韧劲，感受到企业家的敬业精神和创新能力。我们相信我国在高端制造业的强大竞争力、部分领域的创新突破以及巨大的内需市场，将会孕育大量的优秀公司，给投资者创造丰厚的回报。","fund":{"_id":3000000008378,"areaCode":"cn","stockType":"fund","stockCode":"008378","tickerId":8378,"fundSecondLevel":"hybrid","status":"normal","exchange":"jj","name":"兴全社会价值三年持有期混合型证券投资基金","shortName":"兴全社会价值三年持有混合(008378)","custody":"招商银行股份有限公司","fundType":"stock","ipoDate":"2019-12-22T16:00:00.000Z","setUpScale":2968590000,"__csrcFundId":6954,"fundStatus":"normal","lastUpdated":"2026-04-30T21:13:35.856Z","market":"a","masterFundFlag":1,"inceptionDate":"2019-12-25T16:00:00.000Z","followedNum":48,"fundCollectionId":4000050310000,"currency":"CNY","masterFundShortName":"兴全社会价值三年持有混合","setUpDate":"2019-12-25T16:00:00.000Z","pinyin":"xqshjzsncyqhhxzqtzjj","managers":[{"stockCode":"8801374718","stockType":"fund_manager","exchange":"fm","tickerId":242625130160,"name":"谢治宇"}]},"announcement":{"linkText":"兴全社会价值三年持有期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=466018","linkType":"PDF","source":"csrc_pdf"}}]}