window.pageData = {"stock":{"_id":3000000026236,"name":"广发平衡精选混合型证券投资基金","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"026236","tickerId":26236,"shortName":"广发平衡精选混合C","currency":"CNY","exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"inceptionDate":"2025-12-29T16:00:00.000Z","pinyin":"gfphjxhhxzqtzjj","fundCollectionId":4000050300000,"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50300000","tickerId":50300000,"name":"广发基金管理有限公司"},"managers":[{"name":"王瑞冬","stockType":"fund_manager","stockCode":"db20738866","exchange":"fm","tickerId":231804202540}],"hotMetrics":{"fss":{"stockId":3000000026236,"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":1691},"fpr":{"stockId":3000000026236,"type":"fpr","f_cagr_p_r_fs_ssc":9147,"f_cagr_p_r_fs_ssrp":0.1929805379400831,"f_p_r_fys_ssc":8993,"f_p_r_fys_ssrp":0.361432384341637,"f_p_r_m1_ssc":9219,"f_p_r_m1_ssrp":0.5418745931872424,"f_p_r_m3_ssc":9116,"f_p_r_m3_ssrp":0.4465167306637411},"fp":{"stockId":3000000026236,"type":"fp","last_data_date":"2026-05-12T16:00:00.000Z","f_cagr_p_r_fs":0.14826738964670083,"f_p_r_fys":0.14545300878972345,"f_p_r_m1":0.04672536299042318,"f_p_r_m3":0.04061732186732203},"ff":{"stockId":3000000026236,"type":"ff","f_fr_d":"2025-12-30T16:00:00.000Z"},"f_nlacan":{"stockId":3000000026236,"type":"f_nlacan","f_nv_d":"2026-05-12T16:00:00.000Z","f_nv":1.3553,"f_nv_cr":0.013459956629028769},"f_as":{"stockId":3000000026236,"type":"f_as","f_tas":18619004.288,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000026235,"__csrcFundId":16346,"stockCode":"026235","masterFundShortName":"广发平衡精选混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":26235,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"广发平衡精选混合(026235)","lastUpdated":"2026-05-01T05:05:39.192Z","inceptionDate":"2025-12-29T16:00:00.000Z","name":"广发平衡精选混合型证券投资基金","pinyin":"gfphjxhhxzqtzjj","fundCollectionId":4000050300000},{"_id":3000000026237,"name":"广发平衡精选混合型证券投资基金","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"026237","tickerId":26237,"shortName":"广发平衡精选混合D","currency":"CNY","__csrcFundId":16346,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2026-01-19T08:04:03.758Z","inceptionDate":"2025-12-29T16:00:00.000Z","pinyin":"gfphjxhhxzqtzjj","fundCollectionId":4000050300000},{"_id":3000000026238,"name":"广发平衡精选混合型证券投资基金","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","status":"normal","stockCode":"026238","tickerId":26238,"shortName":"广发平衡精选混合E","currency":"CNY","__csrcFundId":16346,"exchange":"jj","masterFundFlag":null,"indexFundFlag":null,"activeFundFlag":null,"etfFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"feederFundFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2026-01-19T08:04:03.761Z","inceptionDate":"2025-12-29T16:00:00.000Z","pinyin":"gfphjxhhxzqtzjj","fundCollectionId":4000050300000}],"shareholdings":[{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":601899,"holdings":511700,"marketCap":16742824,"netValueRatio":0.0933,"quarterlyChange":-0.05076878445024502,"stock":{"stockCode":"601899","exchange":"sh","stockType":"company","tickerId":601899,"name":"紫金矿业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":300750,"holdings":36800,"marketCap":14782560,"netValueRatio":0.0824,"quarterlyChange":0.09377552687469404,"stock":{"stockCode":"300750","exchange":"sz","stockType":"company","tickerId":300750,"name":"宁德时代"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":2532,"holdings":723300,"marketCap":12867507,"netValueRatio":0.0717,"quarterlyChange":0.10563777414846975,"stock":{"stockCode":"002532","exchange":"sz","stockType":"company","tickerId":2532,"name":"天山铝业"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":792,"holdings":345500,"marketCap":12783500,"netValueRatio":0.0712,"quarterlyChange":0.3139204545454535,"stock":{"stockCode":"000792","exchange":"sz","stockType":"company","tickerId":792,"name":"盐湖股份"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":600988,"holdings":280000,"marketCap":12082000,"netValueRatio":0.0673,"quarterlyChange":0.38124199743918097,"stock":{"stockCode":"600988","exchange":"sh","stockType":"company","tickerId":600988,"name":"赤峰黄金"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":300274,"holdings":72000,"marketCap":10854720,"netValueRatio":0.0605,"quarterlyChange":-0.1185687558465861,"stock":{"stockCode":"300274","exchange":"sz","stockType":"company","tickerId":300274,"name":"阳光电源"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":600499,"holdings":588000,"marketCap":9343320,"netValueRatio":0.0521,"quarterlyChange":0.1456380677721698,"stock":{"stockCode":"600499","exchange":"sh","stockType":"company","tickerId":600499,"name":"科达制造"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":2318,"holdings":300000,"marketCap":9084000,"netValueRatio":0.0506,"quarterlyChange":0.04594127806563075,"stock":{"stockCode":"002318","exchange":"sz","stockType":"company","tickerId":2318,"name":"久立特材"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":600487,"holdings":171900,"marketCap":9052254,"netValueRatio":0.0504,"quarterlyChange":1.129397492923578,"stock":{"stockCode":"600487","exchange":"sh","stockType":"company","tickerId":600487,"name":"亨通光电"}},{"date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockId":2895,"holdings":210000,"marketCap":8299200,"netValueRatio":0.0462,"quarterlyChange":0.07801418439716357,"stock":{"stockCode":"002895","exchange":"sz","stockType":"company","tickerId":2895,"name":"川恒股份"}}],"bondHoldings":[{"_id":"69e8fc241398d79843004411","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000026235,"stockCode":"019771","stockName":"25国债06","holdings":2000,"marketCap":200868,"netValueRatio":0.0011,"lastUpdated":"2026-04-22T16:49:40.989Z"}]},"list":[{"_id":"69e8ecc71398d79843fea1f1","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000026235,"sao":"2026年一季度A股市场小幅下跌。其中沪深300指数单季度下跌3.89%，创业板指数单季度下跌0.57%。行业层面，煤炭、石油石化等板块涨幅居前，非银行金融、商贸零售、美容护理等行业表现不佳。报告期间，国内经济运行平稳，货币环境宽松，利率处于较低水平。1-2月国内社零增速小幅改善，但仍处于低位，而出口数据大幅超预期，在关税摩擦后仍体现出较强的韧性。外部环境方面，3月初爆发的美国、伊朗战争是一季度重要的宏观扰动变量，伊朗对于霍尔木兹海峡的封锁，导致全球经济一系列宏观假设需要重新修正。因为油价的高企推升通胀预期，导致美联储全年降息节奏放缓；同时高油价的挤出效应，引发了市场对经济滞胀的担忧。在此过程中，股票市场经历了宽幅波动，油气、煤炭等资源品快速上涨，而高风险偏好的科技、创新药，以及交易相对拥挤的贵金属板块调整剧烈。国内经济在本次外部压力测试中体现了极强的韧性，中国依靠煤化工、新能源的全产业链的工业体系，以及充分的主粮储备，经济预期保持平稳，扰动主要来自其他经济体衰退连带的出口压力。 本基金报告期内降低了贵金属、机械板块的配置，增加了光通信、电力设备的持仓。报告期内，本基金总体股票仓位维持较高水平，未有大的变化。","lastUpdated":"2026-04-22T15:44:07.438Z","fund":{"_id":3000000026235,"__csrcFundId":16346,"stockCode":"026235","masterFundShortName":"广发平衡精选混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":26235,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"广发平衡精选混合(026235)","lastUpdated":"2026-05-01T05:05:39.192Z","inceptionDate":"2025-12-29T16:00:00.000Z","name":"广发平衡精选混合型证券投资基金","pinyin":"gfphjxhhxzqtzjj","fundCollectionId":4000050300000,"managers":[{"stockCode":"db20738866","stockType":"fund_manager","exchange":"fm","tickerId":231804202540,"name":"王瑞冬"}]},"announcement":{"linkText":"广发平衡精选混合型证券投资基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1470777","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69cacab340924dd8ca639050","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000026235,"sao":"2025年A股市场震荡上行。其中4月初的中美贸易摩擦为市场重要的分水岭，也是投资视角下重要的操作窗口。股票市场在4月初达到年内最低点，随后快速反弹上行。2025年沪深300指数上涨17.66%，中证500指数上涨30.39%，创业板指上涨49.57%。分行业看，有色金属、通信、电子等行业涨幅靠前，而食品饮料、煤炭、美容护理等行业表现居后。美国关税政策是全年资本市场较大的扰动项。在中国加入世贸组织（WTO）后的近20年，全球经济包括我国经济本身的发展都一定程度受益于中国在制造业领域扮演的高效角色。而在过去的5年中，国际环境动荡复杂，体现出若干“逆全球化”的迹象，过往追求的效率优先、发展优先的出发点逐步被安全优先的出发点替代。在上述背景下，股票投资除了基于商业逻辑本身以外，需要额外考虑地缘政治的扰动，这对投资机会的判断提出了新的挑战。国内经济处于结构转型的关键窗口期，顺周期相关的大部分行业受限于内需，投资机会较少，而代表新质生产力的新兴产业（如人工智能、新能源汽车、电化学储能、创新药、半导体等）发展迅速，成为经济增长的重要拉动力。外需方面，中美贸易摩擦经首轮角力后，逐步进入相持阶段，国内相关企业亦通过海外产能布局，以及开发非美客户等弱化了相关影响。此外，美联储开启降息周期，对全球利率下行，需求侧回暖亦有促进。本基金由广发资管平衡精选一年持有混合型集合资产管理计划变更而来，基金经理管理期间，维持中等仓位。行业配置上，主要聚焦于全球定价的资源品、有全球竞争力的制造业企业等。","lastUpdated":"2026-03-30T19:10:43.481Z","mo":"国内宏观经济方面，当前利率在低位，通胀水平不高，GDP增长稳定，相对不确定的是外部环境。在中国崛起、国际地位不断提升的背景下，中美贸易摩擦可会在相当长一段时间内持续。美国内部面临通胀、汇率、经济增长等一系列矛盾，且制造业空心化，难以完全脱离中国供应链；而中国作为工业体系完整、产业链配套齐全、工程师资源丰富、本土市场庞大的经济体，其产业升级、技术进步的趋势不可阻挡，在双方博弈过程中会越来越占据主动。综上，我们对2026年资本市场的表现持乐观态度。从投资机会的选择上，目前股票市场估值分化较大，其中共识较高的方向大多为2025年表现较好的行业：如人工智能相关产业链、有色金属等。上述相关行业由于盈利能力指标（净利率及ROE水平）在高位，PB估值亦在高位，PE估值分位数在5年中位数附近。从产业周期的角度，大部分行业，尤其是制造业和大宗商品的高ROE水平最终会实现均值回归，而回归的过程会伴随PB指标的大幅回落，股价亦会有相应调整。因此，上述行业更需要警惕市场定价逻辑的切换，一旦基本面无法从“好”变得“更好”，股票价格可能会出现较大的波动。而国内内需为主的顺周期方向（以食品饮料、家居家电、建材等行业为代表）的共识也相对一致：属于低估值、高赔率，但胜率模糊的阶段，其中很多个股的负债率较低，现金流充裕，但受限于负向β，当前股价表现较弱。但随着未来基本面企稳（即从承压变得“不会更差”），该类股票可能会产生估值修复的机会。","fund":{"_id":3000000026235,"__csrcFundId":16346,"stockCode":"026235","masterFundShortName":"广发平衡精选混合","fundSecondLevel":"hybrid","stockType":"fund","areaCode":"cn","market":"a","tickerId":26235,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","shortName":"广发平衡精选混合(026235)","lastUpdated":"2026-05-01T05:05:39.192Z","inceptionDate":"2025-12-29T16:00:00.000Z","name":"广发平衡精选混合型证券投资基金","pinyin":"gfphjxhhxzqtzjj","fundCollectionId":4000050300000,"managers":[{"stockCode":"db20738866","stockType":"fund_manager","exchange":"fm","tickerId":231804202540,"name":"王瑞冬"}]},"announcement":{"linkText":"广发平衡精选混合型证券投资基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1448989","linkType":"PDF","source":"csrc_pdf"}}]}