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  此外，机器人在经过较长时间的整理，迎来了T链的量产窗口和国产链的上市预期，同样看好核心供应链的公司。创新药经历了高预期的缓慢调整，部分公司也开始具备性价比。在军工、固态电池、电力设备等领域，我们也加大了配置力度。   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PC、AI Phone、大模型、应用等仍然会是惊喜不断的一年，产业迈入从0.1到1的阶段，积极关注海外巨头、海外应用、国内政策等相关变化。其次，机器人、MR、自动驾驶、飞行汽车、脑机接口等赛道也会是产业落地层出不穷的一年，机器人和MR迎来量产，自动驾驶标准有望破冰，飞行汽车、脑机接口等赛道迎来从0到0.1的年份。再者，对于其余创新引领的先进制造板块，半导体、医疗器械、科学仪器等国产替代，新能源新技术、卫星互联网等，都存在长期的投资机会，需要自下而上的研究和跟踪。对于防御性品种，能源类、交运类公司价值反应较早，但是部分公司仍有空间，对于其他尤其是制造行业内绝对估值较低、高股息、现金流较好、短期景气度较高等细分品种，仍然值得重点关注。","fund":{"_id":3000000018876,"__csrcFundId":12902,"stockCode":"018876","shortName":"兴合先进制造混合发起式(018876)","masterFundShortName":"兴合先进制造混合发起式","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":18876,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T02:10:12.897Z","status":"normal","exchange":"jj","fundCollectionId":4000052010000,"inceptionDate":"2023-08-07T16:00:00.000Z","name":"兴合先进制造混合型发起式证券投资基金","setUpDate":"2023-08-07T16:00:00.000Z","setUpAssetScale":20447763.05,"setUpShares":20447763.05,"pinyin":"xhxjzzhhxfqszqtzjj","followedNum":4,"managers":[{"stockCode":"db20911867","stockType":"fund_manager","exchange":"fm","tickerId":120324238760,"name":"梁辰星"}]},"announcement":{"linkText":"兴合先进制造混合型发起式证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1058321","linkType":"PDF","source":"csrc_pdf"}}]}