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为的宏观政策，扩大国内需求，推动科技创新和产业创新融合发展”。我们认为，在国内宏观企稳的背景下，具有中长期产业趋势且出现显著变化的行业值得重点关注，包括智能电动汽车、机器人、人工智能、低空经济等。这些行业一方面具有较好的长期发展前景，另一方面2025年都在逐步落地甚至快速落地，从投资角度也都可跟踪可验证可展望。本基金所投资的汽车智能化这一领域，是中国制造的优势和产业智能化加速渗透趋势的典型代表。","fund":{"_id":3000000014560,"__csrcFundId":10671,"stockCode":"014560","shortName":"东方汽车产业趋势混合(014560)","masterFundShortName":"东方汽车产业趋势混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14560,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:16:10.359Z","status":"normal","exchange":"jj","name":"东方汽车产业趋势混合型证券投资基金","fundCollectionId":4000050390000,"followedNum":3,"inceptionDate":"2022-02-08T16:00:00.000Z","setUpDate":"2022-02-08T16:00:00.000Z","setUpAssetScale":159376618.9,"setUpShares":159376618.9,"pinyin":"dfqccyqshhxzqtzjj","managers":[{"stockCode":"8801482359","stockType":"fund_manager","exchange":"fm","tickerId":1218170150,"name":"李瑞"},{"stockCode":"j101020802","stockType":"fund_manager","exchange":"fm","tickerId":2625265600,"name":"张阳"}]},"announcement":{"linkText":"东方汽车产业趋势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=1257854","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0cd7fea5b3eb05130c6","date":"2024-09-29T16:00:00.000Z","stockId":3000000014560,"sao":"海外方面，美联储降息周期的开启，美国大选结果对全球地缘政治的影响，都是下半年的重要事件，对全球资产配置都会有较大影响。国内方面，自上而下的宏观政策也进入了比较友好的阶段。行业配置方面，我们进行了比较积极主动的调整，相比上半年更为均衡，围绕确定性价值和确定性产业趋势寻找具有中长期投资价值的核心资产。　　东方汽车产业趋势围绕行业智能化趋势和整车企业的产品周期进行布局。三季度，产品减少了部分汽车整车，增加了零部件、汽车电子、计算机等智能化的配置比例。高阶智驾在国内新车销量中的占比及使用率显著提升，产业趋势正逐渐被销量验证。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:53:17.398Z","fund":{"_id":3000000014560,"__csrcFundId":10671,"stockCode":"014560","shortName":"东方汽车产业趋势混合(014560)","masterFundShortName":"东方汽车产业趋势混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14560,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:16:10.359Z","status":"normal","exchange":"jj","name":"东方汽车产业趋势混合型证券投资基金","fundCollectionId":4000050390000,"followedNum":3,"inceptionDate":"2022-02-08T16:00:00.000Z","setUpDate":"2022-02-08T16:00:00.000Z","setUpAssetScale":159376618.9,"setUpShares":159376618.9,"pinyin":"dfqccyqshhxzqtzjj","managers":[{"stockCode":"8801482359","stockType":"fund_manager","exchange":"fm","tickerId":1218170150,"name":"李瑞"},{"stockCode":"j101020802","stockType":"fund_manager","exchange":"fm","tickerId":2625265600,"name":"张阳"}]},"announcement":{"linkText":"东方汽车产业趋势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=1180267","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0cd7fea5b3eb05130c5","date":"2024-06-29T16:00:00.000Z","stockId":3000000014560,"sao":"回顾上半年市场，大市值风格的胜率和赔率明显占优。究其原因，基本面方面，全球经济不确定性提高，大公司稳定性优势凸显，大小分化加剧；风险偏好方面，地缘政治导致全球性的风险偏好收缩，叠加国内监管趋严，龙头风险溢价下降，小市值风险溢价上升；资金面方面，今年增量资金以保险、etf等被动资金为主，大市值风格在资金面也占优。　　东方汽车产业趋势围绕行业智能化趋势和整车企业的产品周期进行布局。二季度，产品增加了汽车电子板块的配置比例，随着智能化渗透率提升和单车智能硬件价值量提升，汽车电子相关公司的业绩有望迎来较好的表现。整车产品周期方面，优质的国内整车企业在不断提升国内市场份额的同时也在出海方面表现突出，一方面拉动了自身销量和业绩，另一方面也带动了整个产业链的出海，这些越来越具备全球竞争力的企业值得我们重点关注。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:53:17.395Z","mo":"海外来看，美联储降息周期的开启，美国大选结果对全球地缘政治的影响，都是下半年的重要事件，对全球资产配置都会有较大影响。国内来看，经济从社融驱动到低杠杆、低增速、低波动的高质量增长转变，在总量需求弹性较低的背景下，需要寻找供给格局优化甚至供给出清的方向。风格方面，宏观形势、风险偏好、资金面短期难以看到和上半年相比较大的变化，所以上半年的风格还有持续性。行业配置方面，相比上半年可能更为均衡，围绕ROE和现金流的确定性和稳定性寻找具有中长期投资价值的核心资产。","fund":{"_id":3000000014560,"__csrcFundId":10671,"stockCode":"014560","shortName":"东方汽车产业趋势混合(014560)","masterFundShortName":"东方汽车产业趋势混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":14560,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T00:16:10.359Z","status":"normal","exchange":"jj","name":"东方汽车产业趋势混合型证券投资基金","fundCollectionId":4000050390000,"followedNum":3,"inceptionDate":"2022-02-08T16:00:00.000Z","setUpDate":"2022-02-08T16:00:00.000Z","setUpAssetScale":159376618.9,"setUpShares":159376618.9,"pinyin":"dfqccyqshhxzqtzjj","managers":[{"stockCode":"8801482359","stockType":"fund_manager","exchange":"fm","tickerId":1218170150,"name":"李瑞"},{"stockCode":"j101020802","stockType":"fund_manager","exchange":"fm","tickerId":2625265600,"name":"张阳"}]},"announcement":{"linkText":"东方汽车产业趋势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=1152876","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed0cd7fea5b3eb05130c4","date":"2024-03-30T16:00:00.000Z","stockId":3000000014560,"sao":"我们在该基金2023年报中指出的四类值得关注的方向均有所表现。1)红利及确定性资产；2)跌幅够大，下跌时间够长的板块；3)具备中长期逻辑的，一方面是出海，另一方面是中长期产业趋势，包括AI、机器人、智能电动汽车、卫星互联网、MR等等；4)在总量需求弹性下降的背景下，需要从两个角度选择方向，一是供给格局优化甚至供给出清的行业，二是渗透率或国产化率提升的板块。　　市场在快速反弹之后，我们认为后续更多需要关注基本面改善或稳定的结构性方向，尤其是进入年报和季报期，市场给予业绩及确定性以更高的权重，所以后续的结构要从上市公司本身出发，寻找确定性强，分红好，景气度高的品种。　　东方汽车产业趋势在2023年底前较早的布局了轮胎、PCB等板块，就属于受益于出海和业绩确定性强的板块。未来，将继续围绕智能电动汽车、汽车新技术、整车产品周期等方向布局。随着AI技术和材料技术的进步，国内外汽车产品的优质供给层出不穷，消费者的接受度显著增强，甚至会给予相关产品溢价，这些未来都会有可能体现在产业链的上市公司业绩中。","declarationDate":"2024-04-19T16:00:00.000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