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能利用率提高产品价格。在“反内卷”政策并未明显发力的情况下，部分企业根据自身的经营状况开始降低产能，这无疑是一个非常重要的信号。从2025年全年来看，整体经济仍然保持生产强于需求、外需好于内需、价格依然偏弱。　　债券市场方面，一季度，在1月收益率快速下行后，随着风险偏好上升和短端资金利率上行，推动收益率曲线震荡上行。一季度债券调整幅度较大，短端收益率一度上行至2%以上。在3月下旬收益率触及高点后逐步下行。高等级信用债凭借其较高的安全性和稳定性依旧备受市场青睐，利差在走阔后快速修复，利差仍在相对较低的位置。二季度债券市场在“对等关税”落地后，关税博弈开启、风险偏好波动，货币宽松政策落地，6月的买断式回购操作也意味明显，收益率高位回落并转向震荡，整体来看，各品种、各期限债券收益率出现较为明显的下行。信用债市场亦表现不错，高票息挖掘行情明显，另外，科创ETF成为主题热点，机构配置力量驱动信用利差继续压缩。三季度债券市场主要受全球风险偏好震荡上行影响，收益率持续上行，整体来看，各品种、各期限债券收益率均出现较为明显的上行。四季度收益率先下后上，10月初先是在中美贸易摩擦超预期发酵的刺激下重新走强，并在10月底进一步受央行重启买债的宽松预期刺激下做多情绪进一步发酵，但随后债市做多交易逐渐拥挤，受央行买债规模不及预期、表述偏中性、长钱净投放力度克制等因素影响，市场重新显著走弱。　　权益和可转债市场方面，一季度在1月初下跌后指数逐步反弹，呈现明显的结构性变化。以国产算力和机器人产业链为代表的标的涨幅巨大，带动转债指数创出历史新高。随着交易拥挤度上升，成长股出现明显回调，带动指数震荡下跌。1季度WIND全A上涨1.9%，但价值股整体表现一般，明显落后于指数。二季度，在4月经历了剧烈的波动，关税冲击使得指数出现巨大跌幅，但随后汇金快速入场修复风险偏好。随着中美双方针对关税发布联合声明，关税冲击逐步缓和，对经济的影响路径也逐步明晰。权益市场震荡上行，市场风格分化。中证2000估值进一步抬升，市场风格趋向极致。在美联储6月降息后，全球风险资产在三季度形成共振上行，市场风格分化。科技行业领涨，市场风格进一步趋向极致。10月中美贸易摩擦再起风波，但随后迅速平息。A股市在4季度呈现出比较明显的风格切换，前期涨幅巨大的电子在本季度表现一般。而顺周期方向的化工、新能源等方向表现较好。权益市场在10月创出年内高点后开始调整，一直持续至12月中旬，随后指数稳步上行几乎修复了前期的跌幅。转债4季度表现相对稳定，在11月-12月初阶段性跟随正股回调，但回调幅度有限，随后正股指数上涨的阶段修复了前期的跌幅。　　本基金在25年1季度久期较长，在2季度收益率上行趋缓后组合逐步降低久期，全年维度看组合久期较2024年大幅下降。组合权益仓位高位运作。","lastUpdated":"2026-03-30T19:12:06.103Z","mo":"展望2026年，国内政策对扩大内需提出了进一步的要求，经过2024-2025年的消费品补贴后，耐用消费品需求可能存在一定透支。但服务消费潜力巨大，2025年经济韧性仍然很足，在国家政策支持下企业盈利开始出现逐步改善的迹象。智能驾驶支持下的汽车产业链已经大幅领先全球，　“智能机器人、Deep　Seek”出现，也让我们看到在人工智能应用领域有了新的突破。随着预期的稳定和企业盈利的企稳，我们有理由期待2026年，一些过去三年大幅落后的顺周期行业能够迎来盈利的企稳修复。我们仍然会继续坚持原有的投资框架，继续自下而上的寻找估值合意且有稳定现金流的行业。另外，我们也注意到国内债券收益率连续大幅下行的趋势在2025年发生了明显变化，保险面临的“利差损”风险的可见度逐步清晰。另一方面，国内大额定期存款到期后，资金对分红险的需求是比较明确的。保险的基本面将迎来持续的改善，我们也将重点关注保险的投资机会。","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF) 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2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1371838","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed8fb7fea5b3eb059a456","date":"2025-06-29T16:00:00.000Z","stockId":3000000167003,"sao":"上半年经济运行节奏基本平稳。一季度经济数据“开门红”，二季度贸易摩擦形势反复，经济预期“一波三折”，宏观政策延续宽松，财政前置、货币政策双降，基本面进入观察期。结构上，生产强于需求、外需好于内需、价格依然疲弱。政策着力的领域继续对经济呈现更强的贡献，比如补贴拉动消费、财政前置拉动制造业投资和基建等，高新技术行业的产值也保持领先，补贴外的传统需求分项仍处于磨底状态，比如餐饮业等。　　债券市场方面，1月收益率快速下行后，随着风险偏好上升和短端资金利率上行，推动收益率曲线震荡上行。一季度债券调整幅度较大，短端收益率一度上行至2%以上。在3月下旬收益率触及高点后逐步下行。高等级信用债凭借其较高的安全性和稳定性依旧备受市场青睐，利差在走阔后快速修复，利差仍在相对较低的位置。二季度债券市场在“对等关税”落地后，关税博弈开启、风险偏好波动，货币宽松政策落地，6月的买断式回购操作也意味明显，收益率高位回落并转向震荡，整体来看，各品种、各期限债券收益率出现较为明显的下行。信用债市场亦表现不错，高票息挖掘行情明显，另外，科创ETF成为主题热点，机构配置力量驱动信用利差继续压缩。　　权益和可转债市场方面，在1月初下跌后指数逐步反弹，呈现明显的结构性变化。以国产算力和机器人产业链为代表的标的涨幅巨大，带动转债指数创出历史新高。随着交易拥挤度上升，成长股出现明显回调，带动指数震荡下跌。4月经历了剧烈的波动，关税冲击使得指数出现巨大跌幅，但随后汇金快速入场修复风险偏好。随着中美双方针对关税发布联合声明，关税冲击逐步缓和，对经济的影响路径也逐步明晰。权益市场震荡上行，市场风格分化。中证2000估值进一步抬升，市场风格趋向极致。本组合上半年在债券端做了多次波段交易，权益维持高仓位运作。","declarationDate":"2025-07-17T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.623Z","mo":"展望下半年，除了要考虑国内经济基本变化和美联储的货币政策调整。“反内卷”能否顺利推动PPI回升将成为影响各类资产价格的核心要素，风险偏好的波动也会成为放大波动的影响因素。但总结来说，这些因素对企业内部的价值短期变化影响微乎其微。我们仍然关注企业竞争格局持续优化带来企业内在价值积累，以及国内海量高质量“人才”催生的产业变革机会。","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF) 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显的波动性。在一季度反弹后，二季度国内经济基本面有所走弱，疫后复苏动能持续性不强，主要源自内生动能不足。从表观看，地产销售、投资仍旧在底部，缺乏向上动能；在高质量发展的长期思路下，总量的逆周期政策整体较为克制。三季度，在7月重要会议对房地产行业的供求关系进行了重新定义，针对房地产行业供给端的政策约束逐步打开。但二手房挂牌量继续上升，反映居民端仍然对房价缺乏信心。新增长动能尚未能替代房地产对经济的支撑作用，经济基本面修复低于预期。2023年四季度，中央经济工作会议提出了“以进促稳”，新增万亿特别国债，经济基本面继续维持缓慢修复的态势。在此背景下，国债收益率平稳下行，而权益资产整体承压，顺周期方向表现弱势，期间随着政策预期的博弈有所波动；同时权益主题投资活跃，各类主题方向轮番波动。本基金2023年前三季度持有一定比例的成长股，这部分资产波动大且未对组合产生明显贡献。在四季度逐步增加沪深300标的，组合净值在4季度季度有所修复，但全年来看仍然未获得正收益。","declarationDate":"2024-01-18T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.606Z","mo":"展望2024年上半年，以出口“新三样”为代表的经济新动能虽然增速喜人，但PPI和CPI仍然为负。在房地产行业趋稳之前，宏观经济复苏的道路仍然道阻且长。在中央经济工作会议定调“以进促稳”的基调下，“稳经济”的政策有望持续发力。沪深300自2021年2月以来的调整，已经充分反映国内经济基本面存在的问题。随着经济基本面继续缓慢修复，我们认为对这类资产不应继续过度悲观。当前我们看好有稳定运营商业模式，且受益于经济修复的顺周期行业，如煤炭、家电、运营商和石油开采等行业。另一方面，我们也看好估值调整充分的医药和部分TMT标的。","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF)2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1059475","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed8fb7fea5b3eb059a44f","date":"2023-09-29T16:00:00.000Z","stockId":3000000167003,"sao":"2023年3季度，7月重要会议对房地产行业的供求关系进行了重新定义，针对房地产行业供给端的政策约束逐步打开。但二手房挂牌量继续上升，反映居民端仍然对房价缺乏信心。另外，考虑到我国居民主要财富都集中在房产上，二手房流动性下降，也进一步影响到了居民端的消费行为。PMI自4月后持续5个月低于50，在9月终于重回50以上。经济基本面呈现缓慢修复的态势，但目前房地产“缺位”，新增长动能尚未能替代房地产对经济的支撑作用。美国就业和通胀仍然表现强劲，“强美元”加“高美债”导致全球流动性向美国集中。受内外部宏观环境影响，WIND全A指数在3季度继续下跌超3%。　　三季度本基金保持了投资组合的流动性，债券资产主要配置中短期限的中高等级信用债，波段操作长端利率债和高等级信用债，小仓位参与了部分高信用等级的平衡型转债标的，继续坚持分散投资的策略，持有商业模式稳定的低估值投资标的。","declarationDate":"2023-10-23T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.603Z","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF)2023年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=985992","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed8fb7fea5b3eb059a44e","date":"2023-06-29T16:00:00.000Z","stockId":3000000167003,"sao":"上半年债市总体表现较好，收益率总体呈现震荡下行态势。一方面，去年四季度的理财踩踏的影响在年初至春节前后基本得到了消化，春节后理财规模稳步增长，理财配置力量对债市走好形成支撑。另一方面，经济基本面与年初的乐观预期相比出现预期差，同时信贷投放从二季度开始出现放缓，央行也在上半年进行了降准降息的操作，基本面与资金面对债市相对友好。权益市场方面，上半年市场先涨后跌。1-3月白酒消费等核心资产表现较好，之后经济复苏偏弱，消费和顺周期等震荡下跌；同时由AI技术更新带来了TMT阶段性的板块机会。转债方面，1月转债整体估值修复行情，后续由于估值高位导致震荡调整；结构上转债整体跟随权益市场行情，顺周期价值和科技等个券均有阶段性的机会。　　报告期内，纯债部分以高等级信用债持仓为主，获取了较高的票息收益和资本利得。权益部分坚持分散投资原则，主要配置了消费、半导体设备、建筑、传媒和计算机等板块。转债方面，以中低价转债投资为主。","declarationDate":"2023-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.600Z","mo":"展望下半年，当前经济处于库存周期的尾部，但主动去库向被动去库的转化依然不明显，如果没有强有力的政策出台，本轮库存周期大概率是偏弱的一轮周期，海外由于美国经济的韧性，库存也处于周期的尾部位置，有希望看到库存周期的共振。国内核心的问题依然是房企资产负债表恶化后对于投资的负向拉动以及居民信心的修复问题，随着宏观政策的落地，有望看到边际的改善。货币政策方面，预计总体延续偏宽松的格局，甚至可能再度降准降息。资产方面，如果政策利率进一步下调，债市运行区间也大概率下行。但是，考虑到下半年稳增长力度可能较上半年提升，市场或出现震荡调整。权益方面，随着经济修复预期的修复，顺周期和消费等板块均存在机会。转债的估值水平依然偏高，且估值不存在继续抬升的基础，需要警惕估值压缩的风险，随着政策的推动和基本面拐点的逐步确认尤其是库存周期拐点的确认，转债资产有望跟随权益资产，但弹性大概率弱于权益资产。","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","excha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增长受益板块、疫情修复板块以及估值调整充分的成长板块。","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF)2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=713682","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed8fb7fea5b3eb059a447","date":"2021-09-29T16:00:00.000Z","stockId":3000000167003,"sao":"2021年3季度，经济恢复放缓，房地产投资增速下行，基建投资仍在低位，制造业投资增速先下后上，消费同比增速下降。上游价格仍在高位，但CPI端仍保持稳定。货币政策保持合理充裕，整体仍是以稳为主。7月份降准后债券收益率有所下行，10年国债收益率下行20BP后走势震荡。信用利差先下后上，尤其是长端信用利差明显扩大。本基金3季度权益仓位基本稳定。持仓结构方面，权益均衡配置高景气行业龙头，债券方面增配长久期利率债。","declarationDate":"2021-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.580Z","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF)2021年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=651917","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed8fb7fea5b3eb059a446","date":"2021-06-29T16:00:00.000Z","stockId":3000000167003,"sao":"2021年上半年，经济延续修复。PPI同比走高，核心CPI整体不高。货币政策以稳为主，资金面整体宽松。债券收益率整体下行，信用利差与级别利差压缩。权益市场整体震荡走势。本基金权益仓位保持稳定。持仓结构方面，主要配置高景气行业龙头，债券配置短久期品种。","declarationDate":"2021-07-19T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.577Z","mo":"本基金管理人认为国内宏观经济运行平稳，经济发展动力增强。但经济恢复中仍有一些结构性的问题，整体上游好于下游，外需好于内需。展望下半年，稳增长的宏观政策或边际加强，货币政策稳字当头，仍以呵护流动性为主，对债券市场来说整体影响偏正面。本基金将保持短久期债券的配置力度。权益市场中期看具有较高的投资价值，本基金继续选择行业景气向上的优质公司和行业龙头投资。","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF)2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=633966","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed8fb7fea5b3eb059a445","stockId":3000000167003,"sao":"2021年1季度，经济延续修复，生产端改善好于消费端。PPI同比上行，核心CPI整体偏弱。货币政策以稳为主，短端资金利率出现一定的波动。债券收益率整体震荡，信用利差与级别利差压缩，短端信用利差明显压缩。权益市场整体震荡走势。本基金1季度权益仓位保持稳定。持仓结构方面，权益主要配置高景气行业龙头，债券配置短久期品种。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.574Z","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]}},{"_id":"69aed8fb7fea5b3eb059a444","stockId":3000000167003,"sao":"2020年，年初新冠疫情冲击，央行稳健的货币政策更加灵活适度，债券收益率下行。5月起国内疫情防控逐步常态化，基本面持续回升，货币政策逐渐正常化，收益率平坦化上行。11月中下旬国企发行人违约，信用利差明显扩大。本基金在符合基金合同约定的投资范围和投资限制的基础上，债券部分以中短期品种配置为主，权益部分选择各主要板块的行业龙头进行配置，致力于获取相对稳健的投资收益。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.572Z","mo":"2021年经济增长或将延续反弹趋势，内生消费和制造业投资推动经济改善，外需受海外经济重启修复支撑，但疫情也存在反复可能。宏观政策强调连续性、稳定性、可持续性。货币政策预计以稳为主，不左不右。财政政策预计保持积极，保持对经济恢复的必要支持。本基金认为中短端品种可贡献较好的收益，同时将根据经济形势和市场情况进行波段操作，权益方面我们仍着重于挖掘公司的长期价值，重点持有具备核心竞争力的行业龙头公司。","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF)2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=560175","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed8fb7fea5b3eb059a443","stockId":3000000167003,"sao":"三季度宏观经济继续缓慢下行，其中地产投资增速回落，而基建投资在政策支持力度相对有限的背景下，回升缓慢；消费受居民收入增速放缓拖累，也并未出现大幅反弹；因前期抢出口因素消退，关税影响逐步显现，出口增速也开始回落。整体来看，三季度债券收益率呈先下后上走势。7-8月份，由于社融增速大幅低于预期，叠加美联储降息、中美互加关税，债券收益率出现明显下行；9月份之后，因为地方政府专项债预期提前发行，央行多次强调货币政策“不搞大水漫灌”等事件冲击，收益率震荡上行。  权益市场方面，尽管三季度存在中美贸易摩擦加剧、全球经济放缓等影响，但股市市场表现尚可，创业板指数上涨7.68%，中小板指上涨5.62%，上证综指下跌2.47%。消费板块受益于三季度以来A股对外开放进程加速下的外资持续放量流入，表现明显靠前。成长板块收益于业绩表现占优，以及后续有关5G及其应用产业周期、外延并购规模复苏的预期，延续了一季度以来的回暖之势。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.569Z","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF)2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=491545","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed8fb7fea5b3eb059a442","stockId":3000000167003,"sao":"2020年上半年，突如其来的疫情对短期对国内经济冲击较大，随着国内疫情防控取得进展，二季度以来经济基本面逐步回暖，货币政策稳健灵活适度，市场流动性合理充裕。债券收益率先下后上，回购利率整体下行，在月末波动性增加。债券部分以中短期品种配置为主。权益部分，在疫情发生之后，持仓品种向医疗医药方向切换。医药股估值提升，经济修复显现后，均衡配置于各主要板块的行业龙头。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T14:28:11.566Z","mo":"展望2020年下半年，本基金认为国内经济基本面边际修复，逆周期调节为经济复苏提供支持，稳健的货币政策更加灵活适度。与年内低点相比，债券收益率的性价比提升，配置价值有所上升，趋势性的机会仍须等待。本基金认为中短久期的信用债仍有较好的投资价值，基金的债券部分将保持中短久期债券的配置力度。对于长端品种，根据基本面的演变，争取抓住趋势性机会增厚组合收益。权益市场中期看具有较高的投资价值，本基金继续选择行业景气向上的优质公司，以及有政策红利驱动的主题标的。","fund":{"_id":3000000167003,"stockCode":"167003","stockType":"fund","areaCode":"cn","followedNum":3,"blackenedNum":0,"status":"normal","exchange":"sz","fundType":"lof_etf","ipoDate":"2017-02-22T16:00:00.000Z","setUpScale":202573000,"market":"a","tickerId":167003,"custody":"中国工商银行股份有限公司","name":"平安鼎弘混合型证券投资基金(LOF)","shortName":"平安鼎弘混合(LOF)(167003)","fundSecondLevel":"hybrid","__csrcFundId":1681,"fundStatus":"normal","lastUpdated":"2026-05-01T06:54:57.039Z","masterFundFlag":1,"inceptionDate":"2017-04-25T16:00:00.000Z","fundCollectionId":4000050640000,"currency":"CNY","masterFundShortName":"平安鼎弘混合(LOF)","pinyin":"padhhhxzqtzjj(lof)","lofFundFlag":1,"managers":[{"stockCode":"db20912896","stockType":"fund_manager","exchange":"fm","tickerId":30825234570,"name":"陈浩宇"}]},"announcement":{"linkText":"平安鼎弘混合型证券投资基金(LOF)2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=454526","linkType":"PDF","source":"csrc_pdf"}}]}