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后，以人工智能带动的通信相关科技行业表现突出。消费行业中汽车零部件、传媒和互联网行业表现相对亮眼，零售、白电和饮料行业表现相对落后。本基金根据长期的成长消费品投资框架进行配置，报告期内我们重点配置以下几个机会：（1）长期受益于消费升级的服务型消费行业；（2）估值较低的内需消费行业个股；（3）受益于零售业业态变化的个股以及新消费的相关个股；（4）汽车以及相关产业链的个股。未来我们将继续寻找新消费的成长方向，挖掘行业投资机会。","lastUpdated":"2026-03-09T13:47:00.455Z","fund":{"_id":3000000012421,"__csrcFundId":9918,"stockCode":"012421","shortName":"华夏优加生活混合(012421)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12421,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:18:37.408Z","status":"normal","exchange":"jj","name":"华夏优加生活混合型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-09-23T16:00:00.000Z","followedNum":0,"masterFundShortName":"华夏优加生活混合","setUpDate":"2021-09-22T16:00:00.000Z","setUpAssetScale":1197808941.95,"setUpShares":1197808941.95,"pinyin":"hxyjshhhxzqtzjj","managers":[{"stockCode":"j101020356","stockType":"fund_manager","exchange":"fm","tickerId":1225255040,"name":"林瑶"}]},"announcement":{"linkText":"华夏优加生活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=1379585","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf547fea5b3eb04fa775","date":"2025-06-29T16:00:00.000Z","stockId":3000000012421,"sao":"2025年上半年，市场处于较为活跃的状态，其中上证指数上涨2.76%，创业板指数上涨0.53%，内地消费下跌4.13%。在风格表现上，市场整体有所变化，其中第一个季度，消费行业中家电等行业表现相对更优，同时AI带动科技创新等成长风格占优，而在第二季度，零售、农林牧渔、传媒等新消费行业表现相对较好，而传统的白酒家电行业表现相对较弱。本基金根据长期的成长消费品投资框架进行配置，2025年上半年我们重点配置以下几个机会：（1）受益于经济复苏的服务型消费行业；（2）估值较低的内需消费行业个股；（3）受益于零售业业态变化的个股以及新消费的相关个股；（4）汽车以及相关产业链的个股；（5）对于地产链的相关消费行业，组合进行了优化调整。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:47:00.452Z","mo":"展望2025年下半年，我们认为消费行业依然存在结构性机会，主要因为：（1）消费行业改善趋势依然存在；（2）科技创新和赋能带动新消费行业的萌生和传统消费商业模式的变革；（3）部分消费行业的估值水平依然较低。我们认为长期值得关注的行业包括：（1）服务型消费的投资机会，这是消费行业中具有成长性的子行业；（2）消费行业中科技创新的投资机会；（3）长期低估的消费品公司；（4）消费品出海的投资机会。 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行业配置上，本基金依然坚持稳健的原则，按照成长消费的投资框架，在消费品行业中寻找机会，尤其是新兴消费的投资机会，密切关注产业的变化趋势，在传统消费配置基础上，深入挖掘新兴消费领域成长类公司的投资机会。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000012421,"__csrcFundId":9918,"stockCode":"012421","shortName":"华夏优加生活混合(012421)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12421,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:18:37.408Z","status":"normal","exchange":"jj","name":"华夏优加生活混合型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-09-23T16:00:00.000Z","followedNum":0,"masterFundShortName":"华夏优加生活混合","setUpDate":"2021-09-22T16:00:00.000Z","setUpAssetScale":1197808941.95,"setUpShares":1197808941.95,"pinyin":"hxyjshhhxzqtzjj","managers":[{"stockCode":"j101020356","stockType":"fund_manager","exchange":"fm","tickerId":1225255040,"name":"林瑶"}]},"announcement":{"linkText":"华夏优加生活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=1251388","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf547fea5b3eb04fa772","date":"2024-09-29T16:00:00.000Z","stockId":3000000012421,"sao":"2024年第三季度，上证指数上涨12.44%，创业板指数上涨29.21%，内地消费上涨16.64%。其中，7月至9月上中旬市场处于震荡的过程中，其中成长类的个股已经在逐步筑底的过程中，而价值股出现一定幅度的反弹，消费板块依然处于调整的过程中。9月下旬，随着海外降息落地以及国内宏观预期的变化，市场出现较大幅度的反弹，消费板块亦成为市场领先上涨的行业，部分成长个股急速完成估值修复的过程。本基金根据长期的成长消费品投资框架进行配置，2024年第三季度我们重点配置以下几个机会：（1）围绕地产链的家电、物业服务以及家居行业；（2）受益于经济复苏的服务型消费行业；（3）受益于消费品出海的消费品公司；（4）出行相关产业链。未来我们组合中将继续寻找新消费的成长方向，挖掘行业投资机会。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:47:00.444Z","fund":{"_id":3000000012421,"__csrcFundId":9918,"stockCode":"012421","shortName":"华夏优加生活混合(012421)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12421,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:18:37.408Z","status":"normal","exchange":"jj","name":"华夏优加生活混合型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-09-23T16:00:00.000Z","followedNum":0,"masterFundShortName":"华夏优加生活混合","setUpDate":"2021-09-22T16:00:00.000Z","setUpAssetScale":1197808941.95,"setUpShares":1197808941.95,"pinyin":"hxyjshhhxzqtzjj","managers":[{"stockCode":"j101020356","stockType":"fund_manager","exchange":"fm","tickerId":1225255040,"name":"林瑶"}]},"announcement":{"linkText":"华夏优加生活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=1175668","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf547fea5b3eb04fa771","date":"2024-06-29T16:00:00.000Z","stockId":3000000012421,"sao":"2024年上半年市场处于震荡过程中，其中上证指数下跌0.25%，创业板指数下跌10.99%，内地消费下跌2.9%。其中，第一季度，上证指数上涨2.23%，创业板指数下跌3.87%，内地消费上涨4.34%；第二季度，上证指数下跌2.43%，创业板指数下跌7.41%，内地消费下跌6.94%。在风格表现上，上半年价值风格个股表现相对占优，中小市值的个股表现相对较弱，但二季度部分调整较多的成长股已经开始出现一定的反弹。同时，消费行业内部子行业分化也较大，家电以及出海个股表现相对占优。本基金根据长期的成长消费品投资框架进行配置，2024年上半年，本基金重点配置以下几个机会：（1）围绕地产链的家电、物业服务以及家居行业；（2）具有长期成长性的服务型消费行业；（3）受益于消费品出海的公司。同时，二季度对医药行业进行了一些优化调整。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T13:47:00.441Z","mo":"展望2024年下半年，我们认为部分消费行业经过调整进入价值区间，同时产业政策支持也使得部分行业存在估值修复的机会，但行业整体依然呈现一定的结构性分化。我们认为行业中长期值得关注的行业包括：（1）服务型消费的投资机会，这是消费行业中具有成长性的子行业；（2）消费行业中科技创新的投资机会；（3）消费品出海的投资机会。行业配置上，本基金依然坚持稳健的原则，按照成长消费的投资框架，在消费品行业中寻找机会，尤其是新兴消费的投资机会，密切关注产业的变化趋势，在传统消费配置基础上，深入挖掘新兴消费领域成长类公司的投资机会。珍惜基金份额持有人的每一分投资和每一份信任，本基金将继续奉行华夏基金管理有限公司“为信任奉献回报”的经营理念，规范运作，审慎投资，勤勉尽责地为基金份额持有人谋求长期、稳定的回报。","fund":{"_id":3000000012421,"__csrcFundId":9918,"stockCode":"012421","shortName":"华夏优加生活混合(012421)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12421,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-04-30T23:18:37.408Z","status":"normal","exchange":"jj","name":"华夏优加生活混合型证券投资基金","fundCollectionId":4000050030000,"inceptionDate":"2021-09-23T16:00:00.000Z","followedNum":0,"masterFundShortName":"华夏优加生活混合","setUpDate":"2021-09-22T16:00:00.000Z","setUpAssetScale":1197808941.95,"setUpShares":1197808941.95,"pinyin":"hxyjshhhxzqtzjj","managers":[{"stockCode":"j101020356","stockType":"fund_manager","exchange":"fm","tickerId":1225255040,"name":"林瑶"}]},"announcement":{"linkText":"华夏优加生活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=1144799","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aecf547fea5b3eb04fa770","date":"2024-03-30T16:00:00.000Z","stockId":3000000012421,"sao":"2024年第一季度，市场出现较大的波动。1月市场经历一定的调整，2月开始市场出现较大幅度的反弹，经济复苏的预期重现。2024年第一季度，上证指数上涨2.23%，创业板指数下跌3.87%，内地消费上涨4.34%。同时，市场出现风格上的分化，在消费行业中，家电以及出口产业链公司表现占优。本基金根据长期的成长消费投资框架进行配置，2024年第一季度我们重点配置以下几个机会：（1）围绕地产链的家电以及家居行业的机会；（2）受益于经济复苏的服务型消费行业；（3）受益于老龄化的医药行业的投资机会；（4）科技创新的投资机会。组合在一季度对科技创新和医药行业进行了优化。未来我们将持续迭代成长消费的框架，寻找消费行业中新的成长方向，挖掘行业投资机会。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:47:00.439Z","fund":{"_id":3000000012421,"__csrcFundId":9918,"stockCode":"012421","shortName":"华夏优加生活混合(012421)","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":12421,"currency":"CNY","masterFundFlag"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