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23091683.26,"pinyin":"jxdzhygpxzqtzjj","followedNum":3,"managers":[{"stockCode":"db20787523","stockType":"fund_manager","exchange":"fm","tickerId":102504212810,"name":"江映德"}]},"announcement":{"linkText":"建信电子行业股票型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1268598","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed26d7fea5b3eb052d88d","date":"2024-12-30T16:00:00.000Z","stockId":3000000017746,"sao":"回顾2024年，中国经济维持弱复苏特征，整体经济韧性较强，新质生产力相关领域在经济中的占比不断提升，但地产形成持续拖累，消费低迷，微观层面感受较弱，GDP增速在Q2-3跌破5%。在此背景下，政策在7月和9月连续两次加码，包括降准降息、放松地产、消费品以旧换新等逆周期调节政策，随着相关政策陆续落地并产生效果，经济增速逐步回升到5%以上。　　上半年，股票市场经历一轮深V行情，前半段极度悲观，并引发赎回、止损、量化清仓等负反馈；而春节前后在强力救市的推动下悲观预期有所修复。结构上以金银铜为代表的资源股表现强势，TMT和医药等成长板块表现较弱。进入2季度，新国九条之后小盘股再度面临抛售压力，市场持续抱团高股息资产，成长板块持续回调。　　下半年，国内逆周期调节政策陆续出台，12月政治局会议提出“加强超常规逆周期政策调节”，实施更加积极的财政政策和适度宽松的货币政策，给宏观经济和股票市场注入强心针。在此背景下，股票市场在9月下旬开始走出一波剧烈的拉升走势，市场风险偏好持续上行，各种主题快速轮动，表现亮眼。　　本基金组合管理方面，本基金继续围绕科技创新、国产替代、景气周期三大重点投资方向进行布局，基于行业景气复苏的进度对相关个股进行了调整，高位减仓了半导体设备和算力板块，加仓AI端侧和智能驾驶两大主线相关个股，将仓位向科技创新方向进行集中。后续将紧密跟踪行业景气度变化，并及时进行持仓结构调整。　　本基金的配置思路，主要是聚焦在电子行业内进行投资，通过寻找和筛选各细分领域高景气个股，把握基本面趋势，争取实现组合对行业基准指数的超额收益，同时对回撤和波动性加以控制。","declarationDate":"2025-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:13.795Z","mo":"展望2025年，随着逆周期调节政策发挥作用，尤其是财政货币政策继续加大力度，中国经济基本面有望进一步修复，尤其是消费和房地产领域，政策端对消费的支持力度加大，以旧换新政策继续推进，而地产销售企稳也有望拉动相关消费领域的改善。产业层面来看，人工智能为代表的新质生产力领域加速迭代，在提振国民信心的同时有望推动国内相关产业快速发展，并带来持续的投资机会。海外方面，全球经济温和复苏，中美宽松共振有望营造较好的经济环境。最大的变数在于特朗普政府的政策变化，包括关税和对国际局势的一系列动作，对国内市场短期可能产生较多扰动。　　在此基础上，我们对市场保持偏乐观的态度，虽然股票市场估值有所修复，但是对于长线资金而言整体仍处于战略配置区间。短期经济复苏态势有望延续，中长期看好中国具有全球竞争力的产业，制造业升级、科技创新、国产替代的逻辑不断演绎并兑现，催生出大量的投资机会。　　在科技创新和国产替代的双重因素叠加推动下，电子行业有望迎来新一轮创新周期，而上行斜率取决于经济复苏强度以及创新兑现的程度。新的一年，继续聚焦在电子行业内，坚持自下而上的选股策略，不断寻找和筛选高景气细分子行业内的优质个股，实现持续稳健的超额收益。","fund":{"_id":3000000017746,"__csrcFundId":12432,"stockCode":"017746","shortName":"建信电子行业股票(017746)","masterFundShortName":"建信电子行业股票","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17746,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:39:41.788Z","status":"normal","exchange":"jj","fundCollectionId":4000050500000,"name":"建信电子行业股票型证券投资基金","inceptionDate":"2023-04-10T16:00:00.000Z","setUpDate":"2023-04-10T16:00:00.000Z","setUpAssetScale":23091683.26,"setUpShares":23091683.26,"pinyin":"jxdzhygpxzqtzjj","followedNum":3,"managers":[{"stockCode":"db20787523","stockType":"fund_manager","exchange":"fm","tickerId":102504212810,"name":"江映德"}]},"announcement":{"linkText":"建信电子行业股票型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1248318","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed26d7fea5b3eb052d88c","date":"2024-09-29T16:00:00.000Z","stockId":3000000017746,"sao":"2024年三季度，国内经济整体偏弱运行，下行压力累积导致社会预期负反馈加深。9月下旬政治局会议重点分析研究经济形势和工作，直面问题，并提出一系列应对政策，随后相关部委积极配合出台配套措施，力度空前，有望扭转社会悲观预期，推动经济止跌回升。在此背景下，股票市场走出深V走势，尤其是季末风险偏好推动市场大幅反弹并修复全年跌幅，表现亮眼。　　2024年三季度，组合操作上本基金继续围绕国产替代、科技创新、景气周期三大重点投资方向进行布局，基于行业景气复苏的进度，减仓部分消费电子个股，加仓以半导体设备为代表的国产替代相关个股。后续将紧密跟踪行业景气度变化，并及时进行持仓结构调整。本基金的配置思路，主要是聚焦在电子行业内进行投资，通过寻找和筛选各细分领域高景气个股，把握基本面趋势，争取实现组合对行业基准指数的超额收益，同时对回撤和波动性加以控制。","declarationDate":"2024-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:13.792Z","fund":{"_id":3000000017746,"__csrcFundId":12432,"stockCode":"017746","shortName":"建信电子行业股票(017746)","masterFundShortName":"建信电子行业股票","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17746,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:39:41.788Z","status":"normal","exchange":"jj","fundCollectionId":4000050500000,"name":"建信电子行业股票型证券投资基金","inceptionDate":"2023-04-10T16:00:00.000Z","setUpDate":"2023-04-10T16:00:00.000Z","setUpAssetScale":23091683.26,"setUpShares":23091683.26,"pinyin":"jxdzhygpxzqtzjj","followedNum":3,"managers":[{"stockCode":"db20787523","stockType":"fund_manager","exchange":"fm","tickerId":102504212810,"name":"江映德"}]},"announcement":{"linkText":"建信电子行业股票型证券投资基金2024年度第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1170546","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed26d7fea5b3eb052d88b","date":"2024-06-29T16:00:00.000Z","stockId":3000000017746,"sao":"回顾2024年上半年，国内经济偏弱运行，微观层面感受较差，地产持续形成拖累，内需不足影响较大。政治局会议表态积极，提出坚持乘势而上，政策靠前发力，内需刺激政策陆续落地，但实际产生效果仍需要时间。往后看我们认为随着政策端不断加码，有望扭转悲观预期，拉动国内需求回暖。　　上半年，股票市场经历一轮深V行情之后震荡回落，前半段极度悲观，并引发赎回、止损、量化清仓等负反馈；而春节后在强力救市的推动下悲观预期有所修复，结构上以金银铜为代表的资源股表现强势，TMT和医药等成长板块表现较弱；后半段随着经济下行压力加大，股票市场继续偏弱运行，新国九条之后小盘股再度面临抛售压力，市场持续抱团高股息资产，成长板块持续回调。　　本基金组合管理方面，围绕国产替代、科技创新、景气周期三大重点投资方向进行布局，基于行业景气复苏的进度对相关个股进行了调整，并继续将仓位向科技创新方向进行集中，包括AI硬件等新型硬件及产业链，后续将紧密跟踪行业景气度变化，并及时进行持仓结构调整。　　本基金的配置思路，主要是聚焦在电子行业内进行投资，通过寻找和筛选各细分领域高景气个股，把握基本面趋势，争取实现组合对行业基准指数的超额收益，同时对回撤和波动性加以控制。","declarationDate":"2024-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:13.788Z","mo":"展望2024年下半年，我们认为国内经济面临内需不足、外部需求压力逐步增大的形势，政治局会议提出宏观政策要持续用力、更加给力，加强逆周期调节，重点在提振消费扩大内需，更大力度推动大规模设备和消费品以旧换新补贴支持等，政策效果有待验证。如果后续政策陆续落地并产生效果，国内经济有望逐步企稳。后续需重点关注内需恢复情况及出口端的变化。　　由于整个股票市场估值处于历史底部水平，我们判断后续市场处于磨底的状态，并持续验证政策对宏观经济产生的效果。中长期看，宏观经济增长驱动从地产转向新质生产力，经济增长中枢下行，高增长的细分领域更加稀缺，未来投资将更加重视企业的核心竞争力、商业模式和盈利质量，进一步往优质龙头、红利资产以及少数景气行业集中。电子行业来看，目前仍处于大周期底部，在AI等创新的驱动下，行业有望逐步走出底部，而上行斜率取决于经济复苏强度以及创新兑现的程度。","fund":{"_id":3000000017746,"__csrcFundId":12432,"stockCode":"017746","shortName":"建信电子行业股票(017746)","masterFundShortName":"建信电子行业股票","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17746,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:39:41.788Z","status":"normal","exchange":"jj","fundCollectionId":4000050500000,"name":"建信电子行业股票型证券投资基金","inceptionDate":"2023-04-10T16:00:00.000Z","setUpDate":"2023-04-10T16:00:00.000Z","setUpAssetScale":23091683.26,"setUpShares":23091683.26,"pinyin":"jxdzhygpxzqtzjj","followedNum":3,"managers":[{"stockCode":"db20787523","stockType":"fund_manager","exchange":"fm","tickerId":102504212810,"name":"江映德"}]},"announcement":{"linkText":"建信电子行业股票型证券投资基金2024年度中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1143065","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed26d7fea5b3eb052d88a","date":"2024-03-30T16:00:00.000Z","stockId":3000000017746,"sao":"2024年一季度，国内经济依旧维持弱复苏特征，整体经济韧性较强，微观层面感受较差，3月前瞻指标有所好转。在此背景下，股票市场也经历一轮深V行情，前半段极度悲观，并引发赎回、止损、量化清仓等负反馈；而春节前后在强力救市的推动下悲观预期有所修复。结构上以金银铜为代表的资源股表现强势，TMT和医药等成长板块表现较弱。　　2023年一季度，组合操作上本基金继续围绕国产替代、科技创新、景气周期三大重点投资方向进行布局，基于行业景气复苏的进度对相关个股进行了调整，并继续将仓位向科技创新方向进行集中，包括AI、MR等新型硬件及产业链，后续将紧密跟踪行业景气度变化，并及时进行持仓结构调整。本基金的配置思路，主要是聚焦在电子行业内进行投资，通过寻找和筛选各细分领域高景气个股，把握基本面趋势，争取实现组合对行业基准指数的超额收益，同时对回撤和波动性加以控制。","declarationDate":"2024-04-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:13.785Z","fund":{"_id":3000000017746,"__csrcFundId":12432,"stockCode":"017746","shortName":"建信电子行业股票(017746)","masterFundShortName":"建信电子行业股票","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17746,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:39:41.788Z","status":"normal","exchange":"jj","fundCollectionId":4000050500000,"name":"建信电子行业股票型证券投资基金","inceptionDate":"2023-04-10T16:00:00.000Z","setUpDate":"2023-04-10T16:00:00.000Z","setUpAssetScale":23091683.26,"setUpShares":23091683.26,"pinyin":"jxdzhygpxzqtzjj","followedNum":3,"managers":[{"stockCode":"db20787523","stockType":"fund_manager","exchange":"fm","tickerId":102504212810,"name":"江映德"}]},"announcement":{"linkText":"建信电子行业股票型证券投资基金2024年度第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1067657","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed26d7fea5b3eb052d889","date":"2023-12-30T16:00:00.000Z","stockId":3000000017746,"sao":"回顾2023年，中国经济经历了疫后复苏脉冲修复、地产等拖累复苏预期不断下修、政策密集出台推动经济逐步缓慢筑底等几个阶段，在地产和出口负增长的背景下实现了5.2%的GDP增长，反应国内经济的韧性较强。从微观层面看，企业端盈利压力较大，需求不足、竞争加剧叠加对未来的悲观预期，盈利预测及展望整体谨慎。　　上半年，股票市场除1月疫后复苏预期下的小阳春之后，走出了震荡下跌走势，尤其跟经济相关度高的板块以及机构重仓股调整幅度较大；而与此同时，随着海外人工智能产业进展的持续发酵，引发全球关注和资本的大量涌入，国内相关公司快速跟进，带动相关板块和主题的持续活跃。　　下半年，国内经济逐渐筑底小幅复苏，制造业PMI连续4个季度回升，但复苏力度相对较弱；政治局会议定调积极且后续政策密集出台，但效果一般，叠加海外紧缩反复，对市场信心形成较大压力。在此背景下，股票市场走出冲高回落走势，上游资源品和金融地产在政策刺激下阶段性有所表现，成长类板块持续回调。　　本基金组合管理方面，2-3季度电子基金处于建仓期，围绕国产替代、科技创新、景气周期三大重点投资方向进行布局，组合操作上重点买入半导体设备材料、半导体设计公司、存储、消费电子和电子元器件等细分方向的个股，4季度由于行业景气复苏的进度持续低于预期，对相关个股进行了减仓，并将仓位进一步向科技创新领域集中，包括AI以及MR等领域，后续将紧密跟踪行业景气度变化，并及时进行持仓结构调整。　　本基金的配置思路，主要是聚焦在电子行业内进行投资，通过寻找和筛选各细分领域高景气个股，把握基本面趋势，争取实现组合对行业基准指数的超额收益，同时对回撤和波动性加以控制。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:13.782Z","mo":"展望2024年，随着经济负面影响因素充分释放，并向潜在经济增速回归，中国经济基本面有望逐步复苏，但在预期扭转之前预计复苏力度较弱。海外方面，2024年大选年，外部扰动因素较多，美联储降息周期开启时间不断调整，可能对国内市场产生影响。　　在此基础上，我们对市场保持谨慎乐观的态度，对于长线资金而言市场处于战略配置区间。短期经济低位复苏态势有望持续，中长期看好中国具有全球竞争力的产业，制造业升级、科技创新、国产替代的逻辑不断演绎并兑现，催生出大量的投资机会。　　在景气周期以及科技创新双重因素叠加推动下，电子行业有望逐步走出底部，迎来大周期拐点，而上行斜率取决于经济复苏强度以及创新兑现的程度。新的一年，继续聚焦在电子行业内，坚持自下而上的选股策略，不断寻找和筛选高景气细分子行业内的优质个股，实现持续稳健的超额收益。","fund":{"_id":3000000017746,"__csrcFundId":12432,"stockCode":"017746","shortName":"建信电子行业股票(017746)","masterFundShortName":"建信电子行业股票","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17746,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:39:41.788Z","status":"normal","exchange":"jj","fundCollectionId":4000050500000,"name":"建信电子行业股票型证券投资基金","inceptionDate":"2023-04-10T16:00:00.000Z","setUpDate":"2023-04-10T16:00:00.000Z","setUpAssetScale":23091683.26,"setUpShares":23091683.26,"pinyin":"jxdzhygpxzqtzjj","followedNum":3,"managers":[{"stockCode":"db20787523","stockType":"fund_manager","exchange":"fm","tickerId":102504212810,"name":"江映德"}]},"announcement":{"linkText":"建信电子行业股票型证券投资基金2023年度年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1050813","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed26d7fea5b3eb052d888","date":"2023-09-29T16:00:00.000Z","stockId":3000000017746,"sao":"2023年三季度，国内经济逐渐筑底小幅复苏，制造业PMI连续4个季度回升，但复苏力度相对较弱；政治局会议定调积极且后续政策密集出台，但效果一般，叠加海外紧缩反复，对市场信心形成较大压力。在此背景下，股票市场3季度走出冲高回落走势，上游资源品和金融地产在政策刺激下相对较强，成长类板块持续回调。  2023年三季度，电子基金继续围绕国产替代、科技创新、景气周期三大重点投资方向进行布局，由于行业景气复苏的进度持续低于预期，对相关个股进行了减仓，并将仓位进一步向国产替代和科技创新两个方向集中，包括半导体设备材料、半导体设计公司等，后续将紧密跟踪行业景气度变化，并及时进行持仓结构调整。本基金的配置思路，主要是聚焦在电子行业内进行投资，通过寻找和筛选各细分领域高景气个股，把握基本面趋势，争取实现组合对行业基准指数的超额收益，同时对回撤和波动性加以控制。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:13.780Z","fund":{"_id":3000000017746,"__csrcFundId":12432,"stockCode":"017746","shortName":"建信电子行业股票(017746)","masterFundShortName":"建信电子行业股票","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17746,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:39:41.788Z","status":"normal","exchange":"jj","fundCollectionId":4000050500000,"name":"建信电子行业股票型证券投资基金","inceptionDate":"2023-04-10T16:00:00.000Z","setUpDate":"2023-04-10T16:00:00.000Z","setUpAssetScale":23091683.26,"setUpShares":23091683.26,"pinyin":"jxdzhygpxzqtzjj","followedNum":3,"managers":[{"stockCode":"db20787523","stockType":"fund_manager","exchange":"fm","tickerId":102504212810,"name":"江映德"}]},"announcement":{"linkText":"建信电子行业股票型证券投资基金2023年度第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=983851","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed26d7fea5b3eb052d887","date":"2023-06-29T16:00:00.000Z","stockId":3000000017746,"sao":"回顾2023年上半年，中国经济经历了疫后复苏脉冲修复、地产拖累复苏预期不断下修、下行压力持续增大背景下衰退/通缩悲观预期不断发酵等几个阶段。往后看我们认为最悲观的时刻已经过去，随着制造业PMI回升，各行业高频数据逐步好转，美联储加息周期临近尾声缓解人民币贬值压力，叠加7月政治局会议的积极定调，后续有望进入缓慢复苏的进程。  上半年，股票市场随着对经济修复的预期变化走出了M型走势，3月两会前在疫后复苏的预期下出现了整体上行，但随着复苏预期下修逐步走弱。股票市场从前半段的经济修复逻辑，转向后半段的主题炒作阶段，尤其是ChatGPT持续发酵，人工智能相关的产业创新持续推进，并引发全球关注和资本的大量涌入，国内相关公司快速跟进，带动TMT板块持续大涨，而传统成长板块和价值板块则持续调整。  本基金组合管理方面，电子基金处于建仓期，围绕国产替代、科技创新、景气周期三大重点投资方向进行布局，组合操作上重点买入半导体设备材料、半导体设计公司、存储、消费电子和电子元器件等细分方向的个股。  本基金的配置思路，主要是聚焦在电子行业内进行投资，通过寻找和筛选各细分领域高景气个股，把握基本面趋势，争取实现组合对行业基准指数的超额收益，同时对回撤和波动性加以控制。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:00:13.777Z","mo":"展望2023年下半年，我们认为国内经济最悲观的时候已经过去，随着政治局会议定调以及后续政策的陆续落地，国内经济有望逐步修复，可能存在的扰动因素在于地产恢复情况以及海外衰退程度可能给出口带来的拖累。结合经济见底预期、上市公司盈利见底回升趋势以及市场估值水平，我们认为市场有望逐步走出底部。  在此基础上，我们对市场保持乐观，在景气周期以及科技创新双重因素叠加推动下，电子行业有望逐步走出底部，迎来大周期拐点，而上行斜率取决于经济复苏强度以及创新兑现的程度。下半年，继续聚焦在电子行业内，坚持自下而上的选股策略，不断寻找和筛选高景气细分子行业内的优质个股，实现持续稳健的超额收益。","fund":{"_id":3000000017746,"__csrcFundId":12432,"stockCode":"017746","shortName":"建信电子行业股票(017746)","masterFundShortName":"建信电子行业股票","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":17746,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T01:39:41.788Z","status":"normal","exchange":"jj","fundCollectionId":4000050500000,"name":"建信电子行业股票型证券投资基金","inceptionDate":"2023-04-10T16:00:00.000Z","setUpDate":"2023-04-10T16:00:00.000Z","setUpAssetScale":23091683.26,"setUpShares":23091683.26,"pinyin":"jxdzhygpxzqtzjj","followedNum":3,"managers":[{"stockCode":"db20787523","stockType":"fund_manager","exchange":"fm","tickerId":102504212810,"name":"江映德"}]},"announcement":{"linkText":"建信电子行业股票型证券投资基金2023年度中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=961193","linkType":"PDF","source":"csrc_pdf"}}]}