window.pageData = {"stock":{"_id":3000000025778,"name":"东方阿尔法瑞享混合型发起式证券投资基金","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"025778","tickerId":25778,"shortName":"东方阿尔法瑞享混合发起C","currency":"CNY","exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"inceptionDate":"2025-10-23T16:00:00.000Z","pinyin":"dfaefrxhhxfqszqtzjj","fundCollectionId":4000051520000,"followedNum":1,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"51520000","tickerId":51520000,"name":"东方阿尔法基金管理有限公司"},"managers":[{"name":"孙振波","stockType":"fund_manager","stockCode":"db20902448","exchange":"fm","tickerId":192602233620}],"hotMetrics":{"fss":{"stockId":3000000025778,"type":"fss","last_data_date":"2025-12-30T16:00:00.000Z","f_ins_h_s_r":0,"f_ind_h_s_r":1,"f_h_a":72501},"fpr":{"stockId":3000000025778,"type":"fpr","f_cagr_p_r_fs_ssc":9074,"f_cagr_p_r_fs_ssrp":0.02336603108123002,"f_p_r_m1_ssc":9157,"f_p_r_m1_ssrp":0.0337483617300131,"f_p_r_fys_ssc":9010,"f_p_r_fys_ssrp":0.07703407703407704,"f_p_r_m3_ssc":9012,"f_p_r_m3_ssrp":0.030518255465542116},"fp":{"stockId":3000000025778,"type":"fp","last_data_date":"2026-04-09T16:00:00.000Z","f_cagr_p_r_fs":0.3841360894075747,"f_p_r_m1":0.08077843848945854,"f_p_r_fys":0.1570897064902843,"f_p_r_m3":0.16025534737191105},"ff":{"stockId":3000000025778,"type":"ff","f_fr_d":"2025-12-30T16:00:00.000Z","f_m_fr":0.012,"f_c_fr":0.002,"f_mac_fr":0.014},"f_nlacan":{"stockId":3000000025778,"type":"f_nlacan","f_nv_d":"2026-04-09T16:00:00.000Z","f_nv":1.3995,"f_nv_cr":0.027231356429829656},"f_as":{"stockId":3000000025778,"type":"f_as","f_tas":569513347.4295,"f_tas_d":"2025-12-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000025777,"__csrcFundId":15903,"stockCode":"025777","masterFundShortName":"东方阿尔法瑞享混合发起","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":25777,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"东方阿尔法瑞享混合发起A","lastUpdated":"2025-11-07T18:44:19.826Z","name":"东方阿尔法瑞享混合型发起式证券投资基金","pinyin":"dfaefrxhhxfqszqtzjj","fundCollectionId":4000051520000,"setUpAssetScale":10103825.6,"setUpDate":"2025-10-20T16:00:00.000Z","setUpShares":10103825.6,"inceptionDate":"2025-10-23T16:00:00.000Z"}],"shareholdings":[{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":1203,"holdings":1621034,"marketCap":49684692,"netValueRatio":0.0827,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":1.415287628053588,"stock":{"stockCode":"001203","tickerId":1203,"exchange":"sz","stockType":"company","name":"大中矿业"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":300390,"holdings":888310,"marketCap":48510609,"netValueRatio":0.0807,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":1.1852741096438582,"stock":{"stockCode":"300390","exchange":"sz","stockType":"company","tickerId":300390,"name":"天华新能"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":2240,"holdings":1390100,"marketCap":47861143,"netValueRatio":0.0797,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":0.8130595050026319,"stock":{"stockCode":"002240","exchange":"sz","stockType":"company","tickerId":2240,"name":"盛新锂能"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":36,"holdings":7189400,"marketCap":47450040,"netValueRatio":0.079,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":0.517241379310345,"stock":{"stockCode":"000036","exchange":"sz","stockType":"company","tickerId":36,"name":"华联控股"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":408,"holdings":546100,"marketCap":46090840,"netValueRatio":0.0767,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":0.44693982513286534,"stock":{"stockCode":"000408","exchange":"sz","stockType":"company","tickerId":408,"name":"藏格矿业"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":2738,"holdings":570815,"marketCap":44837518,"netValueRatio":0.0746,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":0.5868686868686868,"stock":{"stockCode":"002738","exchange":"sz","stockType":"company","tickerId":2738,"name":"中矿资源"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":688,"holdings":1593000,"marketCap":44285400,"netValueRatio":0.0737,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":0.8533333333333335,"stock":{"stockCode":"000688","exchange":"sz","stockType":"company","tickerId":688,"name":"国城矿业"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":2497,"holdings":1649200,"marketCap":40817700,"netValueRatio":0.0679,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":0.6644250168123751,"stock":{"stockCode":"002497","exchange":"sz","stockType":"company","tickerId":2497,"name":"雅化集团"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":2756,"holdings":723131,"marketCap":39229856,"netValueRatio":0.0653,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":0.41087185909254376,"stock":{"stockCode":"002756","exchange":"sz","stockType":"company","tickerId":2756,"name":"永兴材料"}},{"date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockId":2192,"holdings":466400,"marketCap":24136200,"netValueRatio":0.0402,"declarationDate":"2026-01-15T16:00:00.000Z","quarterlyChange":0.3157894736842102,"stock":{"stockCode":"002192","exchange":"sz","stockType":"company","tickerId":2192,"name":"融捷股份"}}],"bondHoldings":[{"_id":"6969c460957177e87fd5dc83","date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockCode":"019792","stockName":"25国债19","holdings":252000,"marketCap":25281875,"netValueRatio":0.0421,"lastUpdated":"2026-01-16T04:53:52.047Z","declarationDate":"2026-01-15T16:00:00.000Z"},{"_id":"6969c460957177e87fd5dc84","date":"2025-12-30T16:00:00.000Z","fundId":3000000025777,"stockCode":"019773","stockName":"25国债08","holdings":70000,"marketCap":7070675,"netValueRatio":0.0118,"lastUpdated":"2026-01-16T04:53:52.051Z","declarationDate":"2026-01-15T16:00:00.000Z"}]},"list":[{"_id":"69ca14290daeb17084fb2b39","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000025777,"sao":"2025年四季度，全球能源转型进程在曲折中坚定推进。尽管电动车销量增速阶段性波动，但储能需求的爆发式增长（尤其是电网级大储与户用储能）成为驱动锂电需求的新引擎。供给端，经历2023-2024年的价格深度调整与行业出清，全球锂资源资本开支大幅放缓，高成本产能持续退出。行业供需格局正在发生深刻变化，锂作为“白色石油”的战略资源属性，其价格中枢和资源企业的盈利稳定性有望在新的供需平衡下得到重塑。基于对资源周期与新能源长期需求的判断，本基金在2025年四季度对投资组合进行战略性调整，重点配置上游关键战略资源——锂矿，以捕捉行业周期反转的机遇。核心操作如下：一、重点配置全球低成本锂资源龙头。在行业低谷期，拥有世界级优质资源、现金成本处于全球曲线左端的企业展现出较强的抗风险能力。其产能的持续扩张将在需求回暖时转化为较大的盈利弹性。本基金优选治理结构优秀、有明确产能增长路径的公司。二、关注一体化锂盐加工企业。具备从资源到锂盐垂直一体化能力的企业，能够更好地平滑资源价格波动，保障原料供应稳定性，并在加工环节获取持续的技术溢价。在行业集中度提升过程中，一体化龙头优势将更加凸显。三、布局高潜力锂资源勘探公司。从更长期看，全球锂资源需求将持续增长，现有已知资源储量可能面临挑战。那些位于矿业友好地区、拥有已验证资源禀赋和清晰开发路径的勘探公司，具备长期期权价值。总结来看，本基金的投资逻辑并非基于对锂价短期涨跌的博弈，而是基于两点长期判断：第一，电气化（汽车+储能）是能源革命的确定性方向，锂作为核心电池材料的中长期需求增长曲线依然陡峭；第二，本轮供给出清后，行业将进入由需求主导、资本开支更为理性的新阶段，盈利波动性有望降低。关注“供需两旺”和“基本面驱动”是本基金的投资理念内核。","lastUpdated":"2026-03-30T06:11:53.716Z","mo":"当前国内经济温和复苏、流动性合理充裕，新能源产业链景气度上行，锂矿板块迎来周期拐点，呈现供需紧平衡、价格中枢上移、资源自给率为王的核心格局。经济稳增长政策持续发力，制造业与新能源投资回暖，权益市场结构机会显著。上游资源品盈利确定性提升，锂作为能源转型核心金属，估值与业绩改善窗口打开。同时海外地缘冲突加剧，霍尔木兹海峡封锁抬高长期油价中枢，锂电作为能源的补充需求将受益，本基金看好锂矿长期上涨空间。本基金也将密切关注储能装机数据、行业库存周期及龙头企业资本开支动向，动态评估持仓，努力为投资人创造回报。","fund":{"_id":3000000025777,"__csrcFundId":15903,"stockCode":"025777","masterFundShortName":"东方阿尔法瑞享混合发起","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":25777,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"东方阿尔法瑞享混合发起A","lastUpdated":"2025-11-07T18:44:19.826Z","name":"东方阿尔法瑞享混合型发起式证券投资基金","pinyin":"dfaefrxhhxfqszqtzjj","fundCollectionId":4000051520000,"setUpAssetScale":10103825.6,"setUpDate":"2025-10-20T16:00:00.000Z","setUpShares":10103825.6,"inceptionDate":"2025-10-23T16:00:00.000Z","managers":[{"stockCode":"db20902448","stockType":"fund_manager","exchange":"fm","tickerId":192602233620,"name":"孙振波"}]},"announcement":{"linkText":"东方阿尔法瑞享混合型发起式证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1449114","linkType":"PDF","source":"csrc_pdf"}}]}