window.pageData = {"stock":{"_id":3000000014198,"name":"华夏智胜先锋股票型证券投资基金（LOF）","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","exchange":"jj","lofFundFlag":1,"stockCode":"014198","tickerId":14198,"shortName":"华夏智胜先锋股票C","currency":"CNY","inceptionDate":"2021-12-14T16:00:00.000Z","fundCollectionId":4000050030000,"followedNum":17,"status":"normal","setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":162223051.71,"setUpShares":162223051.71,"masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"etfFundFlag":null,"feederFundFlag":null,"indexFundFlag":null,"pensionTargetFlag":null,"pinyin":"hxzsxfgpxzqtzjj(lof)","memoNum":2,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50030000","tickerId":50030000,"name":"华夏基金管理有限公司"},"managers":[{"name":"孙蒙","stockType":"fund_manager","stockCode":"db20735318","exchange":"fm","tickerId":1913208710}],"hotMetrics":{"fss":{"stockId":3000000014198,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0.19269999999999998,"f_ind_h_s_r":0.8073,"f_h_a":78146,"f_h_s_a":22696,"f_ind_h_s_r_c_1y":0.04380000000000006,"f_ind_h_s_r_c_hy":0.0030000000000000027,"f_ins_h_s_r_c_1y":-0.043800000000000006,"f_ins_h_s_r_c_hy":-0.0030000000000000304,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000014198,"type":"fpr","f_p_r_fys_ssc":5566,"f_p_r_fys_ssrp":0.41581311769991014,"f_p_r_m1_ssc":5795,"f_p_r_m1_ssrp":0.5162236796686227,"f_p_r_m3_ssc":5662,"f_p_r_m3_ssrp":0.45539657304363185,"f_p_r_m6_ssc":5365,"f_p_r_m6_ssrp":0.3812453392990306,"f_p_r_y1_ssc":4608,"f_p_r_y1_ssrp":0.39874104623399176,"f_p_r_y2_ssc":3506,"f_p_r_y2_ssrp":0.3948644793152639,"f_p_r_y3_ssc":2870,"f_p_r_y3_ssrp":0.24538166608574416,"f_cagr_p_r_fs_ssc":5860,"f_cagr_p_r_fs_ssrp":0.383341867212835},"fp":{"stockId":3000000014198,"type":"fp","f_p_r_fys":0.11703478040111692,"f_p_r_m1":0.06531081653652948,"f_p_r_m3":0.05871029836381103,"f_p_r_m6":0.1311053984575834,"f_p_r_y1":0.4460603072878153,"f_cagr_p_r_fs":0.1371914402854295,"f_p_r_d1":0.000249024653440566,"f_p_r_y2":0.5875879487642064,"f_p_r_y3":0.5341701534170142,"last_data_date":"2026-05-07T16:00:00.000Z"},"ff":{"stockId":3000000014198,"type":"ff","f_m_f":23034137,"f_m_f_r":0.01,"f_c_f":4606827,"f_c_f_r":0.002,"f_m_a_c_f":27640964,"f_m_a_c_f_r":0.012,"f_m_c_f_d":"2024-06-29T16:00:00.000Z","f_c_fr":0.002,"f_fr_d":"2025-05-29T16:00:00.000Z","f_m_fr":0.01,"f_mac_fr":0.012},"f_nlacan":{"stockId":3000000014198,"type":"f_nlacan","f_nv_d":"2026-05-07T16:00:00.000Z","f_nv":1.76,"f_nv_cr":0.0021067015885669615},"f_as":{"stockId":3000000014198,"type":"f_as","f_tas":1753105553.8776,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":2738,"holdings":456400,"marketCap":33910520,"netValueRatio":0.0118,"quarterlyChange":-0.05410566518141391,"stock":{"stockCode":"002738","exchange":"sz","stockType":"company","tickerId":2738,"name":"中矿资源"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":2558,"holdings":964100,"marketCap":30407714,"netValueRatio":0.0106,"quarterlyChange":-0.2714252714252715,"stock":{"stockCode":"002558","exchange":"sz","stockType":"company","tickerId":2558,"name":"巨人网络"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":2414,"holdings":1927330,"marketCap":24457817,"netValueRatio":0.0085,"quarterlyChange":-0.13496932515337412,"stock":{"stockCode":"002414","exchange":"sz","stockType":"company","tickerId":2414,"name":"高德红外"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":933,"holdings":786000,"marketCap":24208800,"netValueRatio":0.0084,"quarterlyChange":0.12122315253003313,"stock":{"stockCode":"000933","exchange":"sz","stockType":"company","tickerId":933,"name":"神火股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":603920,"holdings":438100,"marketCap":21747284,"netValueRatio":0.0076,"quarterlyChange":0.02540797355918256,"stock":{"stockCode":"603920","exchange":"sh","stockType":"company","tickerId":603920,"name":"世运电路"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":300407,"holdings":1486100,"marketCap":19259856,"netValueRatio":0.0067,"quarterlyChange":0.14487632508833892,"stock":{"stockCode":"300407","exchange":"sz","stockType":"company","tickerId":300407,"name":"凯发电气"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":601899,"holdings":578321,"marketCap":18922663,"netValueRatio":0.0066,"quarterlyChange":-0.05076878445024502,"stock":{"stockCode":"601899","exchange":"sh","stockType":"company","tickerId":601899,"name":"紫金矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":338,"holdings":780560,"marketCap":18920774,"netValueRatio":0.0066,"quarterlyChange":0.4093023255813959,"stock":{"stockCode":"000338","exchange":"sz","stockType":"company","tickerId":338,"name":"潍柴动力"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":300750,"holdings":46890,"marketCap":18835713,"netValueRatio":0.0066,"quarterlyChange":0.09377552687469404,"stock":{"stockCode":"300750","exchange":"sz","stockType":"company","tickerId":300750,"name":"宁德时代"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000501219,"stockId":301353,"holdings":694730,"marketCap":18709078,"netValueRatio":0.0065,"quarterlyChange":0.012406015037593754,"stock":{"name":"普莱得","exchange":"sz","stockType":"company","stockCode":"301353","tickerId":301353}}],"bondHoldings":[{"_id":"69723bc21987889646e734e1","date":"2025-12-30T16:00:00.000Z","fundId":3000000501219,"stockCode":"123263","stockName":"鼎捷转债","holdings":2388,"marketCap":346268,"netValueRatio":0.0001,"lastUpdated":"2026-01-22T15:01:22.312Z","declarationDate":"2026-01-21T16:00:00.000Z"}]},"list":[{"_id":"69e8ed311398d79843fea743","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000501219,"sao":"1季度，国际方面，地缘冲突升级引发国际油价剧烈波动，全球经济复苏节奏受扰，主要经济体货币政策保持谨慎，降息预期持续延后。国内方面，作为“十五五”开局首季，面对国际环境跌宕起伏，外部风险外溢加剧，政策靠前发力，经济实现起步有力、开局良好的发展态势，生产较快增长、国内需求扩大、外贸增势良好、就业物价总体稳定、新动能加快成长。市场方面，A股市场震荡调整，主题行情快速轮动。行业方面，煤炭、石油石化、公用事业等周期类行业表现较好，而非银金融、商贸零售、美容护理等行业表现较差。市场风格方面，小市值、高成长等因子表现较好，估值、盈利等因子表现较差，期间量化策略整体表现一般。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","lastUpdated":"2026-04-22T15:45:53.234Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2026年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1480304","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69ce66b6f45dd25f43f62727","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-30T16:00:00.000Z","stockId":3000000501219,"sao":"2025年，全球经济面临复杂多变的外部环境，增长动能持续减弱，主要经济体表现分化，通胀走势与货币政策调整的不确定性上升，国际经贸秩序也持续受到扰动。国内方面，2025年是“十四五”规划收官之年，国民经济顶住多重压力保持稳中有进发展态势，高质量发展取得新成效，中国经济在复杂多变的全球环境中展现出强劲的“向新而行”态势，不仅完成了“量的积累”，更实现了“质的飞跃”，凸显了其在压力与挑战面前强大的自我调适能力、突破困局的活力以及持久深厚的韧性。市场方面，主题行情持续强势，行业间表现差异较大，其中有色金属、通信、电子等行业表现较好，而食品饮料、煤炭、美容护理等行业表现较差。市场风格方面，高Beta、动量等量价类因子表现较好，而高盈利、低估值等基本面类因子表现较差，期间量化策略整体表现正常。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","lastUpdated":"2026-04-02T12:53:10.423Z","mo":"2026年，全球宏观经济面临的风险与挑战依然突出，不确定性贯穿全年，全球范围内在货币和财政层面均采取宽松政策、AI相关投资持续增加，在此背景下，预计全球经济将进入复苏动能开始启动的转换阶段。国内方面，宏观经济发展站上新起点，在复杂多变的全球环境中继续寻求稳增长与调结构的平衡，2025年经济运行稳中有进为向好发展创造了有利条件，新质生产力的培育和改革红利效应持续显现，而且更加积极有为的宏观政策将为经济平稳运行保驾护航，中国经济长期向好的发展前景不可逆转。市场方面，2025年A股市场主题行情涨幅大且持续时间长，演绎比较充分，接下来将面临业绩的考验。展望2026年，市场将会更加关注经济复苏和公司的业绩增长，投资主线可能回归以盈利为核心的基本面，但存在较大不确定性，市场可能呈现板块轮动的特征，建议均衡配置。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":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1453961","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e56","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000501219,"sao":"3季度，国际环境呈现复苏与分化并存的特征，全球经济增长态势有所修复，总需求小幅反弹，总供给保持平稳；关税政策重塑全球贸易体系的同时，美联储货币政策转鸽成为关键变量，直接推动国际资本重返新兴市场。国内方面，政策发力更趋精准，通过加码新基建投资、优化消费补贴政策、深化民营经济扶持等组合拳，持续激发内生动力，宏观经济在外部扰动下仍保持韧性增长，就业市场总体稳定，产业结构升级步伐加快。市场方面，A股市场一路上涨，主题行情强势。行业方面，通信、电子、电力设备等行业表现较好，而银行、交通运输、食品饮料等行业表现较差。市场风格方面，高beta、动量、高成长等因子表现较好，低估值、反转等因子表现较差，期间量化策略整体表现一般。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","lastUpdated":"2026-03-09T14:18:55.256Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2025年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1379654","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e55","date":"2025-06-29T16:00:00.000Z","stockId":3000000501219,"sao":"2025年上半年，国际环境复杂多变，不稳定性、不确定性增加。世界经济增长动能减弱，国际经贸秩序遭受重创，主要经济体经济表现有所分化，通胀走势和货币政策调整存在不确定性。国内方面，经济运行“稳”的主基调没有变，上半年GDP同比增长5.3%，经济增长稳中有升；CPI较上年同期下降0.1%，物价运行总体平稳；月度调查失业率在5.0%-5.4%区间波动，就业形势总体稳定；货物进出口总额同比增长2.9%，外贸展现较强韧性。货币政策方面，央行年初以来强化逆周期货币政策调节力度，持续为市场提供充足的流动性支撑，维持了市场融资环境的持续宽松。市场方面，2025年上半年，市场经历了科技创新、关税冲击、内外部流动性由紧转松等诸多因素，估值收缩或抬升是市场波动的主导因素。行业方面，行业行情不断轮动、表现分化较大，有色金属、银行、国防军工等行业表现较好，而煤炭、食品饮料、房地产等行业表现较差。市场风格方面，高Beta、动量等量价类因子表现较好，而盈利等基本面类因子表现较差，期间量化策略整体表现较好。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2025-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.253Z","mo":"2025年下半年，全球经济仍面临通胀回升、贸易政策不确定性、内外需疲软和地缘政治局势易紧难松等多重挑战，主要发达国家均面临经济减速的问题，新兴市场经济体因关税冲击不确定性增加。国内方面，尽管外部环境仍存在不少的不确定性，内部结构调整的压力也较大，但综合来看，下半年中国经济保持稳定增长仍有支撑，一方面，上半年经济稳中有进的发展态势和成效，为完成全年目标打下了良好基础；另一方面，下半年宏观政策将继续协同发力，将为经济稳定运行保驾护航。市场方面，A股估值修复已较为充分，进一步上涨需要盈利增速的持续修复和改善，若贸易谈判形势和内需支持政策趋于明朗，市场有望保持震荡上行。预计市场区间震荡，风格呈现轮动特征，建议均衡配置。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":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1347305","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e54","date":"2025-03-30T16:00:00.000Z","stockId":3000000501219,"sao":"1季度，外部环境更趋复杂严峻，单边主义、保护主义加剧，全球经济增长动能不足，主要经济体经济表现有所分化，通胀走势和货币政策走向不确定性进一步上升，国际市场波动风险加剧。国内方面，随着更加积极的财政政策和适度宽松的货币政策逐步落地，以及存量政策和增量政策协同效应的不断增强，1季度经济运行起步平稳，发展态势向新向好。市场方面，1季度A股市场风险偏好回落，市场出现分化，但在稳增长政策的推动下，宏观经济呈现企稳回升的态势，A股市场整体依然保持较强韧性。市场风格方面，小市值、高成长等因子表现较好，而高盈利、低估值等因子表现较差，期间量化策略整体表现一般。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.250Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1271543","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e53","date":"2024-12-30T16:00:00.000Z","stockId":3000000501219,"sao":"2024年，国际环境错综复杂，世界经济增长动能不足，地缘政治冲突加剧，贸易保护主义愈演愈烈；主要经济体表现分化，各国央行在应对通胀和促进经济增长之间艰难权衡，货币政策趋向差异明显。面对外部压力加大、内部困难增多的复杂严峻形势，我国经济运行稳中有进，高质量发展扎实推进。一揽子增量政策及时出台，有效提振了社会信心，促进经济回升向好；新质生产力稳步发展，传统动能焕新升级、新动能积厚成势，高质量发展取得新成效。市场方面，A股市场2024年走势跌宕起伏，全年主要涨幅由三季度末的快速上涨贡献，而这得益于一系列稳经济稳增长、呵护市场流动性、推动资本市场高质量发展举措的连续出台。从市场风格来看，高股息板块凭借其稳健属性成为资金避险的核心方向，全年涨幅领跑市场，大盘价值股整体表现显著优于小盘成长股。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.248Z","mo":"展望2025年，政府将采取适度宽松的货币政策和更加积极的财政政策，并且要大力提振消费、提高投资效益，全方位扩大国内需求。积极的政策有利于A股上市公司盈利增速回升，但是政策的节奏和力度存在不确定性。预计市场震荡向上，风格呈现轮动特征，建议均衡配置。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":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1251439","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e52","date":"2024-09-29T16:00:00.000Z","stockId":3000000501219,"sao":"3季度，国际环境更趋复杂严峻，不稳定、不确定因素增多；全球通胀延续回落趋势，为各央行降低利率提供了空间，但不同经济体通胀状况却存在差异，使得降息呈现不一致的步调。国内方面，内部有效需求不足等问题仍在显现，高温天气和暴雨洪涝等自然灾害持续对经济活动造成影响，但在宏观政策发力显效、新动能加快成长、外需持续增长等因素作用下，我国经济运行总体平稳，高质量发展持续推进。市场方面，7月以来A股指数连续震荡探底，临近季末由于超十项金融支持经济高质量发展重磅政策集中宣布，政策信号明确，内容和力度超出市场预期，推动A股指数大涨，市场情绪和风险偏好均获得大幅提振和改善。前期跌幅较多行业上涨幅度较大，如非银金融、商贸零售、房地产等行业表现较好，而美容护理、煤炭、农林牧渔等行业表现较差。市场风格轮动较快，低估值、反转等因子表现较好，而盈利、成长等因子表现较差，期间量化策略整体表现一般。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.245Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1175687","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e51","date":"2024-06-29T16:00:00.000Z","stockId":3000000501219,"sao":"2024年上半年，外部环境变得更为复杂严峻，全球经济增长动力不足，虽然通胀有所回落但仍然存在一定的粘性，同时各主要经济体的经济增长和货币政策也呈现一定的分化。国内方面，我国经济运行总体平稳，延续回升向好态势，具体体现在生产稳定增长，需求持续恢复，就业物价总体稳定，居民收入继续增加等方面，但同时可以看到，在外部环境错综复杂的情况下，国内有效需求依然不足，社会预期依旧偏弱，经济回升向好的基础仍需巩固，而宏观政策效应持续释放、外需有所回暖、新质生产力加速发展等因素也形成了新的支撑。市场方面，行业间表现分化较大：银行、煤炭、公用事业等高股息特征行业表现较好，而计算机、商业贸易、社会服务等成长、消费行业表现较差。市场风格期间保持稳定，低估值、盈利等因子表现较好，而小市值、反转等因子表现较差，量化策略整体表现较好。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.242Z","mo":"2024年下半年，政府财政支出预计加快，经济增长速度基本实现设定目标，这将带动A股上市公司盈利恢复小幅增长，但是M2增速处于较低水平，市场难有大幅上涨行情。预计市场继续区间震荡，风格将呈现轮动特征，建议均衡配置。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":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1144851","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e50","date":"2024-03-30T16:00:00.000Z","stockId":3000000501219,"sao":"1季度，全球通胀率持续震荡回落，地缘政治显现微妙变化，外部环境依旧复杂，世界经济增长前景仍面临较大不确定性。国内方面，随着宏观组合政策效应持续释放，经济内生动能继续修复，生产需求稳中有升，就业形势总体稳定，经济运行起步平稳，延续了回升向好态势。市场方面，A股市场先跌后涨震荡调整，高股息特征的行业表现领先，如煤炭、银行、家用电器等行业表现较好，而医药生物、电子、环保等行业表现较差。市场风格表现较去年出现反转，整体上看，低估值、盈利等因子表现较好，而小市值、反转等因子表现较差，期间量化策略表现出现一定波动，但整体保持了业绩韧性。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.240Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067354","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e4f","date":"2023-12-30T16:00:00.000Z","stockId":3000000501219,"sao":"2023年，国际格局复杂演变，地缘政治冲突频发，国际经济贸易投资放缓，通胀出现高位回落趋势，发达国家利率保持高位。国内方面，在外部环境更趋复杂严峻的情况下，我国经济呈现出回升向好、动力增强的态势，高质量发展扎实推进，但仍面临有效需求不足、部分行业产能过剩、社会预期偏弱等挑战；货币政策方面，面对发达经济体货币政策的外溢影响，央行两次下调政策利率和存款准备金率，保持了市场流动性的合理充裕。市场方面，A股市场上涨后震荡下跌，热点板块快速轮动。行业间表现差异比较大：通信、传媒、计算机等科技相关行业表现较好，而美容护理、商业贸易、房地产等消费行业表现较差。从量化角度看，低波、反转等因子表现持续较好，而盈利、成长等因子持续走弱，期间量化策略整体表现正常。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.237Z","mo":"2024年政府预计设定较高经济增长目标，货币政策将继续保持宽松，而财政政策将发挥更大作用，A股上市公司盈利预计温和增长。展望2024年，随着投资者悲观情绪逐渐修复，市场预计震荡上行；短期市场风格切换将发生，但长期市场风格维持轮动特征，建议均衡配置。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":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1049124","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e4e","date":"2023-09-29T16:00:00.000Z","stockId":3000000501219,"sao":"3季度，国际环境依然复杂严峻，世界经济复苏乏力，国际油价回升令美国和欧元区终端通胀降温放缓。国内方面，在一系列扩大内需、提振信心、防范风险的政策举措作用下，工业和服务业生产加快，国内需求稳步扩大，就业物价总体向好，经济转型升级持续，国民经济延续恢复态势。市场方面，A股市场继续震荡下跌调整，市场波动率水平不断下降，主题板块轮动特征明显。行业板块表现整体呈现季度反转特征，其中非银、煤炭、钢铁等金融周期行业表现较好，电力设备、传媒、计算机等高科技行业表现较差。市场风格表现比较稳定，整体上看，反转等因子比较有效，而盈利、成长等因子表现较差，期间量化策略整体表现正常。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.234Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=986637","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e4d","date":"2023-06-29T16:00:00.000Z","stockId":3000000501219,"sao":"上半年，全球主要经济体增长放缓，美欧通胀见顶回落，但仍处高位，主要经济体货币政策紧缩外溢效应突出，硅谷银行倒闭、瑞士信贷被收购等事件引发国际金融市场大幅震荡；西方继续对俄实施大规模制裁，地缘政治冲突升级并进一步影响全球经济秩序的风险犹存。国内方面，先后经历需求释放以及去库存带来的需求回落，流动性充裕。权益市场赚钱难度较大，一方面，去库存阶段使然，另一方面，缺乏能够短期兑现利润的超预期产业趋势。值得一提的是AI方向，正在发生长期变革性的产业变化，产业链涉及硬件和软件，并可渗透至社会的各行各业。目前处于发展早期，个股波动较大。市场方面，A股市场上涨后震荡调整，结构性行情非常明显，同时主题板块轮动较快，中小市值板块相对占优。行业间表现差异比较大：通信、传媒、计算机等科技相关行业表现较好，而商业贸易、房地产、美容护理等行业表现较差。市场风格轮动较快，整体上估值、反转等量价类因子表现较好，而盈利、成长等基本面类因子持续走弱，期间量化策略整体表现正常。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.231Z","mo":"上半年经济复苏弱于预期，下半年政府可能出台更多稳增长政策，货币政策将继续保持宽松，预计中国经济复苏有望加强。A股上市公司盈利增速方向预计向上，同时投资者情绪逐渐修复。展望下半年，市场预计震荡上行，行业或者风格板块可能持续保持轮动特征，建议均衡配置。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":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=957738","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e4c","date":"2023-03-30T16:00:00.000Z","stockId":3000000501219,"sao":"1季度，国际方面，尽管主要发达经济体通胀水平出现了一定程度的回落，但核心通胀总体上仍处在高位，主要源于服务价格强劲上涨、部分行业利润率上升以及劳动力市场紧张带来的成本压力等方面的支撑；由于美联储2022年以来的持续激进加息，始于美国银行业的冲击开始向欧洲市场蔓延，全球经济面临的不确定性有所增强。国内方面，伴随着疫情防控较快平稳转段，生产需求明显改善，就业物价总体稳定，消费市场活力回升，市场预期加快好转，经济运行呈现企稳回升态势，但外部环境更趋复杂，需求不足仍较突出，经济回升基础仍需巩固；全国两会胜利召开，国务院明确“高质量发展”、“深化改革开放”等政策目标和工作重点；货币政策上，3月央行降准时点超出市场普遍预期，但缓解了银行负债端的压力，保持了银行体系流动性合理充裕。市场方面，A股市场上涨后震荡整理，结构性行情非常明显。行业间分化较大：计算机、传媒、通信等行业表现较好，而美容护理、商业贸易、房地产等行业表现较差。市场风格轮动，小市值占优，有效因子以反转、低波等量价指标为主，期间量化策略整体表现正常。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2023-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.228Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=881453","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e4b","date":"2022-12-30T16:00:00.000Z","stockId":3000000501219,"sao":"2022年，国际环境风高浪急，地缘政治冲突、疫情蔓延和能源食品危机等多重超预期因素冲击全球经济。美联储激进加息，在高通胀和高利率双重压力下，美国消费者支出减少，就业市场放缓；欧元区受到能源价格飙升的影响更加显著，核心通胀压力持续，对通胀预期上升的担忧超过了对经济衰退的恐惧；日本央行受困于国内需求疲软、经济复苏乏力，一直坚持超宽松货币政策。国内方面，在受到疫情散发多发、极端高温天气等多重超预期因素反复冲击的情况下，国民经济顶住压力持续发展，经济总量再上新台阶，经济增速仍快于多数主要经济体；随着稳经济一揽子政策和接续政策落地显效，消费规模持续扩大，投资关键作用有效发挥，净出口较快增长，三大需求共同发力；消费价格温和上涨，就业保持总体稳定。2022年，A股市场下跌后涨、再跌再涨，呈现“W型”走势，行业、风格轮动明显，宽基指数表现相对均衡，其中沪深300指数下跌21.63%，中证500指数下跌20.31%，中证1000指数下跌21.58%。行业方面，煤炭及消费相关行业表现较好，而科技成长行业表现较差。量化因子表现同样呈现轮动特征，整体上估值、反转因子表现较好，而盈利、成长表现较差，量化策略表现处于历史平均水平。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.226Z","mo":"发展经济成为政府工作重心，货币政策将继续保持宽松，财政政策将处于积极状态，各种产业政策陆续出台，预计中国经济迎来复苏。受经济复苏的影响，整体A股上市公司盈利增速方向向上，但是增速幅度存在不确定。展望2023年，市场预计震荡上行，行业或者风格板块呈现轮动特征，建议均衡配置。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":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=867397","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e4a","date":"2022-09-29T16:00:00.000Z","stockId":3000000501219,"sao":"3季度，全球疫情持续蔓延，产业链、供应链循环不畅，国际能源、粮食供给较为紧张，大宗商品价格高位运行，高通胀已成为全球经济发展的最主要挑战，为应对通胀压力，欧美等国进一步加快加码收紧货币政策，全球经济下行压力加大，增长动能转弱，不稳定不确定因素显著增多。国内方面，国际环境复杂多变、疫情散发多发、高温干旱少雨极端天气等超预期因素影响冲击较大，部分地区生产、投资、消费受到一定影响，经济发展形势依然复杂严峻，但在稳经济一揽子政策措施和接续政策措施的刺激下，国民经济延续恢复发展态势，展示出强大韧性。市场方面，A股市场一路震荡下跌，继续呈现结构性行情。行业间分化较大：煤炭、综合、石油化工等行业表现较好，而建筑材料、医药生物、美容护理等行业表现较差。市场风格轮动较快，整体偏价值风格，期间量化策略整体表现正常。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2022-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.223Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=803262","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e49","date":"2022-06-29T16:00:00.000Z","stockId":3000000501219,"sao":"上半年，外部形势较为复杂，全球通胀和衰退风险给中国外需带来了一定的压力。美国与欧洲均面临高通胀的困扰，全球PMI进入下降周期，多个指标表明全球经济面临衰退风险。国内方面，上半年疫情对经济带来了一定程度的冲击，但近期负面影响正在逐步消退。在克服了国际环境复杂多变、国内疫情反复冲击等诸多不利因素后，5月主要经济指标降幅收窄，6月多项经济数据企稳回升，二季度经济实现正增长。6月我国消费增速由负转正，同比增长3.1%；服务业生产指数同比增长1.3%；总体来看，上半年国内生产总值同比增长2.5%，其中二季度国内生产总值同比增长0.4%。市场方面，煤炭及稳增长相关行业表现较好，而科技成长行业表现较差。量化因子表现波动较大，市场下跌阶段大盘、价值表现较好，而市场反弹阶段小盘、成长表现较好。整体上估值、反转因子表现较好，而盈利、成长表现较差，量化策略表现处于历史平均水平。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2022-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.220Z","mo":"展望下半年，国际方面，全球通胀水平持续攀升，主要经济体偿债压力不断加大，稳定外需难度也在明显增加，外部环境更趋复杂严峻。随着美联储等海外主要央行货币紧缩进程的加快，当前国际金融市场的关注焦点正从通胀转向衰退。国内方面，下半年外部不稳定、不确定的因素仍较多，但随着一系列稳增长政策措施的落地见效，以及高效统筹疫情防控和经济社会发展成效的持续显现，下半年我国经济有望继续回升并运行在合理区间。展望下半年，预计市场呈现震荡上行走势，行业或者风格板块呈现轮动特征。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":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"289SH华夏智胜先锋股票型证券投资基金（LOF）2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=781774","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed6cf7fea5b3eb0573e48","date":"2022-03-30T16:00:00.000Z","stockId":3000000501219,"sao":"1季度，全球疫情扩散蔓延，世界局势动荡不安，地缘政治冲突加剧，外部不稳定不确定性加大。俄乌冲突带来的生产扰动已导致全球原油、天然气以及粮食等大宗商品价格大幅攀升，使全球经济受到了增长放缓和通胀提速的影响。欧洲能源危机持续，通胀预期指数飙升；美联储开启加息周期，美债利率一路上行。国内方面，经济恢复仍不均衡，部分地区散发疫情的影响仍在持续，但俄乌冲突对中国经济影响有限，随着稳增长政策发力，支持实体经济的力度加大，国民经济持续恢复的积极变化明显增多，工业生产和投资消费增长加快，进出口增势良好，就业物价总体稳定。市场方面，去年经济修复力度逐季弱化，经济下行压力加大，悲观情绪蔓延叠加去年年底资金面紧张，共同导致今年开年行情滑坡；随着俄乌冲突逐步升级，地缘危机短期波及包括农产、工业金属、股票和债券等全球主要资产价格，对A股市场风险偏好带来较大的负面影响，主要股指也出现了超预期的大幅调整，但这更多的是来自外部事件的短期冲击，从大趋势看，市场整体依然较为稳定。策略方面，量化策略整体表现正常，估值因子在经历了长时间回撤后，在稳增长预期下，出现了明显反弹。基金投资运作方面，本基金以多因子量化投资策略为主，我们在依据量化模型进行股票投资决策之外，还积极参与了科创板、创业板新股申购，获取较为确定性的收益增厚机会。同时，本基金秉承尽职尽责的态度，认真应对投资者日常申购、赎回等工作。","declarationDate":"2022-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:18:55.217Z","fund":{"_id":3000000501219,"__csrcFundId":10392,"stockCode":"501219","shortName":"华夏智胜先锋股票（LOF）(501219)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":501219,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T07:28:25.798Z","status":"normal","exchange":"sh","name":"华夏智胜先锋股票型证券投资基金（LOF）","fundCollectionId":4000050030000,"masterFundShortName":"华夏智胜先锋股票（LOF）","inceptionDate":"2021-12-14T16:00:00.000Z","followedNum":40,"memoNum":8,"setUpDate":"2021-12-14T16:00:00.000Z","setUpAssetScale":266047876.99,"setUpShares":266047009.99,"pinyin":"hxzsxfgpxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20735318","stockType":"fund_manager","exchange":"fm","tickerId":1913208710,"name":"孙蒙"}]},"announcement":{"linkText":"华夏智胜先锋股票型证券投资基金（LOF）2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=722382","linkType":"PDF","source":"csrc_pdf"}}]}