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 第一季度，组合更多在泛科技领域进行布局，主要侧重在通信、电子、机械、汽车、新能源、电力设备等领域。展望未来，我们认为中美关系仍有较大不确定性，经过调整后的市场总体可能孕育了较大机会，但节奏上仍需密切观察。我们相对关注AI算力、AI终端、自主可控、新能源等领域，同时在传统行业里面寻找具备高稳定ROE的低波资产。","declarationDate":"2025-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.219Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"中信保诚新兴产业混合型证券投资基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1268745","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a13","date":"2024-12-30T16:00:00.000Z","stockId":3000000000209,"sao":"2024年中国经济延续了复苏趋势，但复苏力度较为温和。消费和投资增长相对缓慢，尤其是房地产行业仍处于调整期，对经济增长的影响较为明显。  国内政策相机而动，助力经济修复。2024年央行继续实施稳健的货币政策，通过降准、降息等方式保持流动性合理充裕，支持实体经济复苏。同时，政府加大财政支出力度，重点支持基础设施建设、科技创新、绿色经济等领域。  2024年A股主要指数呈现震荡走势。上证指数在3000点至3300点之间波动，整体表现较为平稳。创业板指受科技股和成长股推动，表现相对较强，但波动性也更大。上半年价值类板块相对表现较优，国庆之后，成长类资产受益风险偏好提升出现明显上涨。  年初，组合更多侧重低估值板块，在机械、电力、汽车、新能源等行业布局较多。下半年，基于对宏观政策刺激的积极变化，组合在科技类资产增加了更多权重，主要增持了通信、电子等行业。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.215Z","mo":"展望2025年，权益市场的结构性机会值得乐观期待。一方面，海外的不确定性正在逐步消除，美债利率有望高位下行，这有利于全球成长类资产的估值扩张；另一方面，以AI为核心的人工智能产业正在以惊人的速度迭代与进化，由此衍生出来的投资机会将精彩纷呈。  我们认为，寻找产业变化、聚焦盈利增长、评估动态估值是长期获取稳健收益的主要方法论。结合产业周期的发展阶段，我们相对关注AI应用、AI终端、国产算力、智能驾驶、人形机器人、自主可控、光伏新技术等方向的机会。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"中信保诚新兴产业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=1247049","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a12","date":"2024-09-29T16:00:00.000Z","stockId":3000000000209,"sao":"第三季度，A股市场交易整体较为平淡，日均交易额基本在5000-6000亿之间，市场情绪处于低位，核心是对经济预期信心不足。但随着美联储降息的落地以及季度末国家对经济与股市支持政策的发力，股票市场在9月底出现明显回暖，市场量价齐升，交投活跃度大幅改善。  第三季度，组合仍然维持较为均衡的配置，主要侧重在新能源、通信、机械、汽车、电子、电力、资源等领域。展望未来，我们认为政策托底的信号较为明确，市场的政策底已经相对清晰，而10月份披露的上市公司三季报可能是未来1年的盈利底，市场正迎来曙光，中期向上的确定性提升。细分方向上，我们将采取积极的态度，围绕“新质生产力”作重点展开，相对看好AI产业、自主可控、储能、新能源汽车等领域，同时对具备高稳定ROE的资产保持一定配置，以降低组合的波动性，力争给持有人更好的持有体验。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.211Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"中信保诚新兴产业混合型证券投资基金2024年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1170842","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a11","date":"2024-06-29T16:00:00.000Z","stockId":3000000000209,"sao":"上半年，国内经济数据整体较为平淡，而政策保持较强定力；美国经济基本面有走弱迹象，美国贸易政策加剧了国内出口的担忧。A股增量资金不足，市场整体呈现缩量交易的特征；结构上，红利资产相对占优，科技产业也有一定表现。  年初，组合在新能源行业配置较多，主要侧重动力电池、锂电材料、逆变器、电力、汽车零部件等，之后基于业绩增长的预期变化，对组合作了一定均衡，降低了新能源的权重，增加了电子、通信、机械等行业的权重。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.207Z","mo":"展望下半年，预计市场将呈现震荡走势，底部位置逐渐抬升，中期向上的概率较高。细分方向上，我们重点关注具备稳定高ROE的价值类资产、具有较大发展空间的AI产业、具备出海能力的制造业龙头公司等；此外，我们更倾向于在大市值公司中寻找投资机会。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"中信保诚新兴产业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=1142841","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a10","date":"2024-03-30T16:00:00.000Z","stockId":3000000000209,"sao":"第一季度，A股市场波动较大，先抑后扬。市值风格上，大盘价值类指数跑赢中小盘指数；行业结构上，以石油石化、煤炭、家电为代表的低估值价值类板块显著跑赢医药、电子、军工等成长板块，但成长板块也出现了分化，通信板块相对较强。  第一季度，组合作了一定的均衡，核心聚焦在新能源、电力、机械、TMT等领域。展望未来，我们认为，市场低位特征或已相对清晰，整体可能呈 现震荡向上格局。组合结构上，我们倾向于均衡配置。我们重点关注低估值高分红且具备稳定盈利的资产，对AI产业的发展保持密切关注；同时继续寻找新质生产力主题散发出来的各类机会。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.204Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"中信保诚新兴产业混合型证券投资基金2024年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067358","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a0f","date":"2023-12-30T16:00:00.000Z","stockId":3000000000209,"sao":"2023年，美国经济表现强劲，美债利率上行幅度超出预期，油价高位运行；国内经济有所修复，但力度相对温和，宏观政策表现出较强定力。A股市场呈现主题投资的特征，市值风格上微小市值表现相对占优，高股息资产也有不错表现。  年初，基于对新能源整体需求的乐观预期，我们在相关板块上作了较多布局。虽然我们对新能源行业的产能快速扩张作了预判，但实际力度超出我们的预期，供需格局的恶化早于我们的判断。同时，新能源行业交易拥挤度较高，机构减配的力度也超出了预期，本产品未能对基本面与交易面的变化做出及时调整，给净值带来较大拖累，我们深表歉意。年末，我们对组合作了重新审视，结合市场判断与产业变化对投资组合作了重新梳理，减持了新能源板块，对通信、计算机、电子、机械、国防军工、传媒、医药等行业进行了增持。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.200Z","mo":"展望2024年，对权益市场整体较为乐观，对成长类资产更为关注。一方面，美债利率高位下行的趋势已经比较明确，这为成长类资产提供了估值扩张的可能；另一方面，经过近两年的调整，成长类资产的估值具备吸引力。更为重要的是，以AI为核心的科技创新在2024年会加速演进，赋能千行百业，这为成长板块提供了极佳的产业基础。  扎根产业、掘金产业、服务产业，一直是我们孜孜不倦的追求与理想。基于产业周期、产业变革的框架，我们相对关注AI应用的持续扩散，AI终端的创新发展，国产算力的不断突破，数据要素带来的全新机会，智能驾驶渗透率的持续提升，人形机器人的产业化加速，估值处于历史相对低位区间的新能源，以及部分医药行业的个股机会。  特别需要提示的是，本产品侧重周期成长类资产，基金经理对价值类资产的认知相对欠缺。中长期来看，相对价值产品，本产品的波动性预计可能更高；当然正如硬币有两面，我们也竭力争取能在行情的上行期，为持有人获取更好的收益。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"中信保诚新兴产业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=1050565","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a0e","date":"2023-09-29T16:00:00.000Z","stockId":3000000000209,"sao":"第三季度，美国经济复苏超预期，油价持续上行，美国十年国债利率不断攀升，对成长类资产有一定压制；国内经济温和复苏，以房地产为代表的各项刺激政策不断推出，提振资本市场信心的态度明确。在全行业盈利改善预期不明朗的背景下，市场更偏好主题投资和高股息资产。  组合管理上，我们在光伏组件、智能驾驶、光伏新技术等方面作了较多布局。展望后市，随着美债利率高位震荡，国内经济复苏态势逐步明朗，预计权益市场有望迎来较好的投资机会。我们或相对关注人工智能、新能源、先进制造、数据要素、资源品等板块的机会。将结合估值与景气动态调整组合，以努力为持有人获取稳定收益。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.196Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"中信保诚新兴产业混合型证券投资基金2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=984411","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a0d","date":"2023-06-29T16:00:00.000Z","stockId":3000000000209,"sao":"上半年，国内经济增长预期有所下修，但政策保持较强定力；美国经济基本面整体超预期，美元升值，外资流出。A股赚钱效应较弱，增量资金不足，市场整体呈现存量交易的特征；结构上，AI及“中特估”表现相对较好，主题投资的热点较多。  期初，本产品在光伏、储能、动力电池等业绩增长较为确定，估值具备优势的方向配置较多，但市场对新能源行业中期供给格局恶化存在担忧，估值出现回落，组合未能取得预期收益。期中，我们在智能驾驶、电力IT等方向作了一定的切换。","declarationDate":"2023-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.192Z","mo":"展望下半年，新能源板块或存在结构性机会，将积极在新技术、能源IT等方向寻找机会。同时，从中长期的视角来看，我们对以AI为核心的泛科技持乐观态度。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=954193","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a0c","date":"2023-03-30T16:00:00.000Z","stockId":3000000000209,"sao":"第一季度，行情分化明显，其中科技和“中特估”是市场热点。每年的10 月-次年3 月是业绩真空期，该时间段的市场往往更易受到政策、主题等因素的催化。第一季度，科技行业涨幅遥遥领先，计算机、通信、传媒的涨幅均在30%附近，其亮眼表现主要源自于去年底至今以ChatGPT 为代表的人工智能概念持续催化。“中特估”行情主要表现为前期低估值的中字头企业开始补涨，2023年Q1 中字头央企指数上涨10%，从行业层面来看涨幅居前的主要为央国企占比较高的制造类行业，如建筑、机械等。  组合管理上，我们主要在光伏、储能、动力电池等板块配置较多，受到微观交易结构波动的影响，组合未能取得预期收益。当前新能源板块估值具备较强吸引力，新能源产业自身仍处于技术持续创新、产业不断升级的阶段，同时它对其他产业的渗透与重构正在发生，相关投资机会仍可以乐观期待。","declarationDate":"2023-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.188Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业混合型证券投资基金2023年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=879737","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a0b","date":"2022-12-30T16:00:00.000Z","stockId":3000000000209,"sao":"2022年国内外出现较多小概率风险事件，宏观经济波动加剧，市场估值系统性调整。伴随市场风险偏好的回落，2022年增量资金明显减少，存量资金的博弈加快了A股市场风格的轮动，大小盘风格全年处于拉锯状态，价值与成长风格全年多次切换。2022年全球能源价格飙升，在内滞外胀的形势之下，通胀成为全年较优配置方向，煤炭行业领涨市场。此外，社会服务、美容护理、商贸零售等受损行业全年相对抗跌。  本产品整体在泛能源方向进行布局，上半年在新能源车产业链配置了较多权重，以电池、锂电材料为主；年中切换至光伏、储能板块，整体未达到预期效果。","declarationDate":"2023-01-16T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.184Z","mo":"展望2023年，对权益市场整体较为乐观，核心原因是去年的诸多不确定性有望消除：1、2023年美债利率预计高位盘整或者下行，2022年是震荡上行；2、国内经济活动回归正常，经济增长预期修复；3、各部委、各地方政府预期稳定；4、北向资金大幅回流，A股赚钱效应或开始显现；5、微观交易结构上，股价对利好信息开始正面反应。综合来看，2023年或是股票估值模型中的分子和分母端都改善的一年，分子是企业盈利预期增长，分母是无风险利率下行。  在结构上，由于边际改善的行业较多，因此预计投资机会较为多样丰富。基于产业周期、产业变革的框架，组合侧重成长板块。一方面是产业变革多，股价会对产业变化作出正面反应；另一方面是2022年跌幅相对较大，估值具备吸引力。本组合更多侧重能源变革，对光伏、储能、能源电子、新能源车等细分行业保持乐观。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=872530","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a0a","date":"2022-09-29T16:00:00.000Z","stockId":3000000000209,"sao":"第三季度，国内经济得到全面恢复，制造业、服务业PMI恢复到荣枯线以上，货运物流得到明显改善。房地产政策微调，基建投资保持相对较高增速，财政政策和准财政政策仍在加码，并且可能成为今年稳增长的一个主力；货币政策依然保持一定的独立性。  更多的不确定性来自海外。美联储议息会议的表态较为硬派，并且下调了未来的经济增长预期。美债利率先抑后扬，后续仍有可能进一步上行，成长类资产整体受到的压制较为明显。欧洲地缘局势仍在不断反复和发酵，欧美等国的产业政策也在向逆全球化方向发展。预计整体权益市场仍将呈现结构性机会。  组合管理上，我们主要在新能源车、光伏、储能、风电等景气领域寻找投资机会，相对看好锂电材料、动力电池、光伏设备、光伏组件、储能等细分领域。展望未来，我们认为新能源产业对其他产业的渗透与重构正在发生，相关投资机会仍然可以乐观期待。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.181Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业混合型证券投资基金2022年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=803298","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a09","date":"2022-06-29T16:00:00.000Z","stockId":3000000000209,"sao":"上半年市场整体呈现先抑后扬的走势。年初，美国通胀数据超预期，美联储加息缩表进程加快，价值股表现明显占优；而俄乌战争引发能源成本大幅抬升，国内经济增长前景不确定性增强，风险偏好急剧下降，成长类资产大幅调整，成长与价值板块表现进一步分化。4月底，随着长三角复工复产有序展开，国内流动性保持宽松，美债率高位回落；市场开始底部反弹，部分估值极具吸引力的成长板块反弹幅度较大，尤其是新能源板块。  组合管理上，季度初，我们在周期、价值板块做了一定的配置，并向龙头公司作了一定的倾斜，取得了一定的效果。4月底市场触底反弹，由于在锂、储能等细分领域的配置权重不足，组合表现略低于预期。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.177Z","mo":"展望下半年，国内宏观流动性预计仍将保持宽松，大宗商品价格回落有利于缓解美联储的加息缩表压力，国内外宏观环境有利于权益市场表现。  我们认为，新能源产业自身仍处于技术持续创新、产业不断升级的阶段，同时它对其他产业的渗透与重构正在发生，相关投资机会不断涌现。我们将继续聚焦新能源产业，以新能源汽车、新能源发电为主要的投资方向，我们对行业的发展前景依然持乐观态度。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=779114","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a08","date":"2022-03-30T16:00:00.000Z","stockId":3000000000209,"sao":"第一季度，国内疫情防控形势严峻加剧市场对经济“滞”的担忧、俄乌地缘政治冲突推升油价刺激通胀预期抬头、美联储鹰派讲话打压风险偏好，三重压力之下，国内股票市场承压。  3月金融委会议针对市场最关注的A股大跌、中概股监管冲突、港股暴跌、互联网监管等问题“对症下药”给出明确部署，“政策底”已然明朗。展望二季度，超预期的可能性更多来自国内的政策放松（后续货币、信用均有放松的空间和动力，房企风险有望陆续“拆雷”等），风险点和不确定性更多来自海外（美联储加息缩表进程，俄乌冲突对全球大宗商品的中期影响等）。配置思路上，一方面，科技成长的估值与拥挤度压力均显著改善，情绪修复窗口底部配置业绩确定性方向（新能源、半导体、军工等）；另一方面，“稳增长”方向明确，地产、建筑建材等或仍有修复空间。  本产品主要围绕能源变革构建组合，主要配置在光伏、电动车、功率半导体等领域；期间降低了光伏板块配置，增加了电动车中游材料的权重。我们将持续寻找以能源变革为核心的泛制造领域具备较高性价比的标的，以努力实现净值的长期稳健增长。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.173Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业混合型证券投资基金2022年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=723042","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a07","date":"2021-12-30T16:00:00.000Z","stockId":3000000000209,"sao":"一季度，美国十年期国债收益率出现大幅上行，同时大宗商品价格显著上涨。对经济复苏的强烈信心不仅使投资者的全球通胀预期升温，也触发了全球股市风格从科技成长向传统价值/周期的切换。一季度本产品对光伏板块作了适当减持，增配了新能源车板块，主要是中上游材料、锂电设备等  二季度，经济持续复苏与盈利改善，以及货币政策相对宽松，共同推动权益市场的良好表现。结构上看，成长风格相对优势更为明显。期间，本产品在电动车与光伏板块作了一定的轮动，增加了锂资源的权重，取得了一定的效果。  三季度，国内供需两端增长回落。需求端来看，消费受疫情反复、教育双减政策以及缺芯对汽车消费的影响等多重因素制约，在三季度出现断崖式下跌；投资端虽然基建投资出现触底反弹迹象，但是房地产投资继续回落形成拖累；从供应来看，受缺芯、限产的抑制作用影响，制造业、电气水供应等在三季度均开始回落。三季度经济增速下行，央行对于经济定调再度悲观，强调“国内经济恢复仍然不稳定、不均衡”，指出“稳健的货币政策要灵活精准、合理适度，保持流动性合理充裕，增强信贷总量增长的稳定性”。期间组合作了适当均衡，主要在光伏、新能源车、清洁能源发电、输配电设备等细分领域寻找投资机会。  四季度，国内外扰动因素仍然较多。海外市场方面，Omicron变异毒株在海外迅速扩散，已经成为主导的感染株，全球线下经济修复道路曲折；国内来看，由于缺乏财报数验证、产业内竞争博弈信息频出、高频交易资金监管加强、年尾收益兑现带来风格切换等，新能源板块出现阶段性回调。在电动车集体回调背景下，智能汽车投资优势开始显现，10月以来智能汽车核心标的相对收益优于电动车。本产品主要配置在光伏、电动车、清洁能源运营、输配电设备、智能汽车等领域；逐步降低锂电中上游材料的权重，对组合的回撤控制起到了一定的效果，但并不令人满意。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.169Z","mo":"展望2022年，各国疫苗接种率持续提升，经济具备内生性修复动能，全球经济有望回归趋势增长。通胀同比回落，但中枢可能上移，各国央行陆续进入加息周期，外部环境仍然复杂。中国经济疫后恢复的步伐仍在延续，但力度略低于预期；宏观政策将呈现“稳货币、宽财政”基调，权益市场的资金环境预计将保持宽松。  2022年，预计宏观环境不确定性仍然较大，但政策主线（以“双碳”为核心的产业转型、共同富裕）明确，我们倾向于选择产业周期相对独立于经济周期，同时顺政策主线的方向，主要包括电动车（电池、零部件、电子、整车）、新能源（风、光、储、运营商）、国防军工、能源物联网、半导体（设备、材料）等。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=715427","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a06","date":"2021-09-29T16:00:00.000Z","stockId":3000000000209,"sao":"三季度国内供需两端增长回落。需求端来看，消费受疫情反复、教育双减政策以及缺芯对汽车消费的影响等多重因素制约，在三季度出现断崖式下跌；投资端虽然基建投资出现触底反弹迹象，但是房地产投资继续回落形成拖累；从供应来看，受缺芯、限产的抑制作用影响，制造业、电气水供应等在三季度均开始回落。除此之外，作为经济领先指标，社融环比在三季度处于低位，暂时没有回升态势。  三季度经济增速下行，央行对于经济定调再度悲观，强调\"国内经济恢复仍然不稳定、不均衡\"，指出\"稳健的货币政策要灵活精准、合理适度，保持流动性合理充裕，增强信贷总量增长的稳定性\"。在经济增长承压背景下，我们预计四季度\"稳货币\"大基调不变，边际\"紧信用\"向\"稳信用\"过渡。  我们继续以景气、格局、估值三个维度为核心构建组合，在光伏、新能源车、清洁能源发电、输配电设备等细分领域寻找投资机会。我们将持续寻找以能源变革为核心的泛制造领域具备较高性价比的标的，以努力实现净值的长期稳健增长。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.165Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业混合型证券投资基金2021年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=656142","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a05","date":"2021-06-29T16:00:00.000Z","stockId":3000000000209,"sao":"上半年，主要指数普遍上涨，其中创业板和科创板分别大涨17.2%、14%，领跑市场；万得全A涨5.5%，上证指数涨3.4%。风格方面，周期风格相对占优，半年涨14%；金融风格相对疲软，半年跌4.9%。  上半年，国内经济复苏方向较为确定，经济增速前高后低，制造业、消费、服务业复苏是主要驱动因素；政策方面更强调中长期结构优化，财政、货币政策灵活、缓慢、有序回归常态，大幅收紧的概率较低；流动性方面，由于总量政策的逐步退出，放水有一定程度的减弱，但由于外资流入的大趋势以及社会财富的配置重心从房地产向金融资产转移，流动性环境整体保持宽松。上半年，A股整体的风险偏好仍然较高，叠加盈利修复确定性较高，为行情发展提供支持。  上半年，本产品整体保持中高仓位，核心聚焦在新能源产业，主要是电动车与光伏板块，期间在电动车与光伏板块作了一定的轮动，取得了一定的效果。依托景气指标，我们将持续寻找以新能源产业为核心的泛制造领域具备较高性价比的标的，以努力实现净值的长期稳健增长。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.162Z","mo":"展望下半年，预计制造业投资和消费均难以显著快速抬升；出口高位放缓，但随疫情波折存在超预期可能。价格方面需要关注年底可能存在的CPI超预期。预计国内经济增速将逐季度放缓，但决策层对增长的容忍度显著提高，除非出现失速风险，否则不会对年内政策造成扰动。下半年宏观流动性角度可以确定边际难以再宽松，而且较上半年大概率将有所收敛，M2短期继续向下后企稳，社融短暂企稳后继续向下。预计A股市场大概率是震荡的结构性行情，总体呈现慢牛格局，市场并不缺乏投资机会；预计市场将从流动性驱动逻辑逐渐转向业绩增长逻辑。  本产品紧紧围绕景气、格局、估值三个维度进行组合配置；我们认为，景气行业是穿越牛熊的利器，格局演变的背后是对企业竞争力的动态剖析，估值评估是股票预期收益率的深度对比。“问渠哪得清如许，为有源头活水来”，我们坚定践行“与优秀企业共成长”的投资理念，我们相信优秀企业的价值创造才是组合长期收益的稳定来源。优秀企业不是狭隘意义上的龙头公司，经济结构转型与产业大幅扩容的背景下，那些顺应产业趋势、胸怀产业抱负、实践产业战略的中小企业同样值得尊敬。  我们所持续关注的企业，其价值变化的周期通常是以季度甚至年度来进行的，而股价的变化通常也是渐进式的、螺旋式的；因此，我们不建议持有人以高频交易的方式进行基金投资，类定投的方式或许是一个备选方案。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=628855","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a04","stockId":3000000000209,"sao":"2021年一季度，主要指数普遍调整。上证综指跌0.9%、中小板指跌6.86%、创业板指跌7%、沪深300指数跌3.13%；分行业来看，钢铁、公用事业、银行、休闲服务、建筑装饰涨幅领先，军工、非银、通信、汽车、计算机相对靠后。  一季度，美国十年期国债收益率出现大幅上行，同时大宗商品价格显著上涨。对经济复苏的强烈信心不仅使投资者的全球通胀预期升温，也触发了全球股市风格从科技成长向传统价值/周期的切换。我们认为，风格和行业切换的核心在于A 股市场悬殊的估值偏离度和部分行业偏高的静态估值水平，经过前期的调整之后，符合中国经济转型和未来产业升级方向的部分成长领域已具备较好的中长期投资价值。  本产品紧紧围绕景气、格局、估值三个维度进行组合配置，坚定践行“与优秀企业共成长”的投资理念，我们相信优秀企业的价值创造才是组合长期收益的稳定来源。一季度，本产品继续聚焦在光伏与电动车板块，对光伏板块作了适当减持，增配了新能源车板块，主要是中上游材料、锂电设备等。我们认为，2021年是全球新能源产业真正意义上同频共振的一年，中国在碳达峰碳中和的大背景下，能源结构与用电结构都会呈现加速变化；美国拜登政府在清洁能源产业有望出现边际改善；欧洲在补贴温和退坡的背景下，仍将继续保持快速增长，我们对新能源板块的中长期投资机会持乐观态度。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.158Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=568534","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a03","stockId":3000000000209,"sao":"2020年各指数普涨，创业板指领涨。上证指数、中小板指、创业板指和沪深300分别上涨14%、44%、65%和27%。行业方面，电气设备、休闲服务和食品饮料表现强势，上涨均超80%，国防军工、医药生物、汽车、电子等板块涨幅靠前，房地产、通信、建筑装饰和纺织服装等行业有所下跌。  回顾2020年全年，A股市场大体可以分为三个阶段，而两大关键词是疫情与政策。  1-3月，新冠疫情冲击下市场出现极端市场波动。年初A股市场延续上涨态势，成交金额维持在7000亿左右水平。而后在疫情的冲击下，国内外市场都出现了较大的市场波动。2月下旬开始，美股多次熔断，布油价格大跌。这一阶段全球央行大幅放水，美联储重启QE，我国央行也多次通过公开市场操作救市，投资者恐慌情绪逐步消化。  3-7月，流动性推动估值抬升，赛道为王。3月下旬，国内疫情显著好转，风险偏好提升，各指数开始逐渐攀升，市场活跃度大幅上行。7月初，经济基本面逐渐修复，叠加增量资金助力，市场流动性充裕，投资者股市配置热情高涨，A股延续放量上涨，流动性推动估值抬升。充裕的流动性不断寻找确定性较高的黄金赛道，重点集中在科技、医药和消费，在这一阶段，配置主赛道便可获得较高的超额收益。  7-12月，经济复苏下的风格均衡。7月下旬以来，市场情绪谨慎，市场整体呈震荡态势，市场风格逐渐均衡，从成长股一骑绝尘，到成长股和周期股的平衡。国内疫情基本消除，国内经济重启趋势确定，货币政策转向精准滴灌，经济复苏下海外疫情带来出口超预期繁荣，顺周期板块逐渐走强。光伏、汽车、新能源汽车、工程机械等行业表现较好，航运（集装箱）、有色、钢铁、银行等强周期行业也阶段性占优。  本产品整体保持中高仓位运行，主要侧重在新能源与先进制造领域，根据估值与景气度的动态变化，年内在配置比例上略有变化。一季度受海外疫情影响，组合出现回撤；之后需求预期修复，叠加国内外政策利好，产品配置的新能源方向获得明显超额收益。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.154Z","mo":"2021年是“十四五”规划实施的开局之年。在经历了全球疫情大爆发、发达国家大规模货币和信用扩张之后，随着疫情的逐步缓解及疫苗落地推广，中国经济延续复苏，有望率先实现修复，权益资产有望持续取得较优表现。另一方面，大国博弈深刻影响着中国经济，拜登上台后，中美贸易纷争预期将得到暂时修复，外部环境迎来新变局，短期内有助于提升A股风险偏好。预计2021年市场将由“估值”驱动切换为“盈利”驱动，呈现结构性慢牛走势。配置方向上，我们重点关注科技、消费、顺周期三条主线，而其中科技成长板块又是我们最为青睐的。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=549957","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a02","stockId":3000000000209,"sao":"2020年第三季度，主要指数普遍上涨。上证综指涨7.8%、中小板指涨8.2%、创业板指涨5.6%、沪深300指数涨10.2%；分行业来看，休闲服务、国防军工、电气设备、汽车、非银涨幅领先，通信、计算机、商业贸易、传媒、农林牧渔相对靠后。  7月场外流动性推升股市上涨，8-9月进入震荡调整，前期表现强势的消费、医药、科技回调幅度较大，而估值相对较低的房地产、金融等顺周期行业录得正收益，表明投资者对经济的复苏预期提升。从社会融资规模和信贷增速等数据来看，三季度中国经济的信贷需求仍较高，意味着四季度的经济仍处于增长轨道，然而经济在四季度持续改善的同时，其改善步伐可能放缓，需要持续跟踪人民币升值对出口的影响、中美贸易争端、地缘政治演变等因素。  三季度，本产品超配光伏板块，取得了较好的收益。本产品将以中长期市值空间比较为主要方法，中长期看好电动车、光伏板块，同时关注国防军工板块（以军工材料、军工电子为主），此外，我们还争取自下而上挖掘个股机会，力争为持有人获取稳健持续的回报。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.150Z","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=490242","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec190d4369c9c836d3a01","stockId":3000000000209,"sao":"2020年上半年，指数表现分化明显，成长类资产更为占优，市场呈现估值驱动的特征。上半年，上证综指跌2.15%、中小板指上涨20.85%、创业板指上涨35.6%、沪深300指数上涨1.64%。分行业来看，医药生物、休闲服务、食品饮料、计算机、农林牧渔、电子等涨幅领先，采掘、银行、非银、建筑装饰、交运相对靠后。  上半年，新冠疫情的发展与市场的整体走势密切关联。年初，市场延续着2019年年底以来的做多热情。春节后，随着国内新冠疫情的爆发，市场在短期内出现了大幅的下跌，之后一系列逆周期、稳增长政策出台，市场开启了一轮强劲的反弹，两市成交量频频破万亿。2月下旬，新冠疫情在海外扩散蔓延，国际金融市场动荡加剧。欧美和许多新兴市场股市从高点平均下跌约30%，A股也被拖累下行。3月下旬，随着全球主要央行、财政出台各种措施拯救流动性危机，全球风险与避险资产得以修复。5月下旬以后，国内经济基本面恢复向好明确，叠加流动性宽松，沪深主要指数逐步攀升，创业板指领涨大盘。  上半年，本产品整体保持中高仓位运行。在年初配置相对分散，春节之后加大了在新能源发电、电动车板块的配置比重；3月初受海外疫情持续升级影响，组合出现回撤；4月初开始，国内复工复产加速，海外疫情得到有效控制，市场在超跌后快速反弹，本产品净值也得到明显修复。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T12:48:16.146Z","mo":"展望下半年，预计财政政策定向刺激的节奏稳步推进，全球货币环境仍然保持较为宽松态势，但继续边际改善的空间有限。另一方面，全球疫情基本得以控制，经济活动得到有效恢复，经济基本面最差的阶段已经过去，预计市场风格将从流动性驱动向盈利预期驱动转换。上半年成长类资产经过大幅上涨之后，核心优质公司估值逐渐进入高位，需要结合中期业绩做更为细致的筛选。  在宏观经济边际企稳且经济结构转型升级的背景下，我们认为，中长期看，新兴产业的成长空间仍然较大，相关细分领域仍具有较好配置价值。在操作层面上，我们将继续保持中高仓位，对新能源汽车、光伏、高端装备制造等新兴产业板块保持紧密跟踪，结合成长空间、产业格局、估值水平等要素优选标的，力争实现持续稳定的净值增长。","fund":{"_id":3000000000209,"stockCode":"000209","stockType":"fund","areaCode":"cn","followedNum":138,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":"stock","ipoDate":"2013-06-16T16:00:00.000Z","setUpScale":287450000,"market":"a","tickerId":209,"custody":"中国银行股份有限公司","name":"中信保诚新兴产业混合型证券投资基金","shortName":"中信保诚新兴产业混合(000209)","fundSecondLevel":"hybrid","__csrcFundId":2134,"fundStatus":"normal","lastUpdated":"2026-04-30T17:23:59.077Z","masterFundFlag":1,"inceptionDate":"2013-07-16T16:00:00.000Z","fundCollectionId":4000050490000,"currency":"CNY","masterFundShortName":"中信保诚新兴产业混合","pinyin":"zxbcxxcyhhxzqtzjj","managers":[{"stockCode":"db20074872","stockType":"fund_manager","exchange":"fm","tickerId":190826195960,"name":"孙浩中"}]},"announcement":{"linkText":"信诚新兴产业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=451926","linkType":"PDF","source":"csrc_pdf"}}]}