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　　总之，我们对2025年的市场行情整体保持乐观的态度，影响逐步消退，中国经济回到正常轨道。成长性板块预计今年业绩仍有望维持较高增长，股票估值也存在扩张的空间。　　展望全年，预计市场风格将在高估值的成长性板块与低估值的高股息板块之间反复切换。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1346476","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc40","date":"2025-03-30T16:00:00.000Z","stockId":3000000001753,"sao":"目前时点来看，随着硅料产能释放，预计硅料价格中枢未来一年将逐步下行，这将持续刺激全球加快装机；国、内外大储在新能源装机消纳需求的倒逼下也将加快启动。近年来国际形势错综复杂，同时新一代国防装备建设进入加速期，军工指数估值已消化至相对低位。伴随着美国对我国科技的制裁加深，国产替代更为重要，未来像信创、半导体的政策扶持力度将进一步提速，再叠加消费电子、汽车的销量数据有望见底回升，产业景气度回升可期。2022年4季度以来，医药领域的集采政策边际趋缓，国内创新药企业已有出海的实力。本基金按照基金合同的约定，不断在新兴产业中寻找投资机会，增加配置景气度向上的细分行业中的优质公司。 　　展望2025年2季度，中国经济将步入复苏的轨道，而美国新总统上台后，高通胀久居难下，面临衰退的风险。中、美经济的周期错配将对股市带来重要影响。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.229Z","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2025年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1272566","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc3f","date":"2024-12-30T16:00:00.000Z","stockId":3000000001753,"sao":"目前时点来看，随着硅料产能释放，预计硅料价格中枢未来一年将逐步下行，这将持续刺激全球加快装机；国、内外大储在新能源装机消纳需求的倒逼下也将加快启动。近年来国际形势错综复杂，同时新一代国防装备建设进入加速期，军工指数估值已消化至相对低位。伴随着美国对我国科技的制裁加深，国产替代更为重要，未来像信创、半导体的政策扶持力度将进一步提速，再叠加消费电子、汽车的销量数据有望见底回升，产业景气度回升可期。2022年4季度以来，医药领域的集采政策边际趋缓，国内创新药企业已有出海的实力。　　　本基金将按照基金合同的约定，不断在新兴产业中寻找投资机会，增加配置景气度向上的细分行业中的优质公司。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.227Z","mo":"站在目前时点，展望2025年：　　（1）对指数，我们始终认为A股有其内在的自身运行逻辑，无需过分担忧外围市场的走势影响A股。无论从国内宏观经济周期，还是从政策周期来看，相信2025年的A股表现大概率会好于2024年。短期看，国内出台一系列经济托底政策的可能性在加大。综上，我们认为2025年指数的表现仍会持续向好； 　　（2）对经济，中、美经济在2025年将出现错配：中国经济复苏向上，而美国经济在高通胀下相对走弱。与市场观点不同之处在于，我们并不认为美国经济会出现明显的衰退，中国的出口增速可能会好于预期；　　（3）对汇率，中国经济向好是人民币走强的基础。党的二十大召开后，政策不断优化，经济刺激政策陆续出台，市场信心明显增强；　　（4）对新兴产业，依然重点看好具有全球领先优势的新能源板块，国产替代背景下逐步崛起的信创、半导体等科技产业，新一代国防装备建设进入加速期后的军工行业，逐步具备出海实力的中国创新药企业，以及国家政策大力支持且业绩不断兑现的中药板块等。　　总之，我们对2025年的市场行情整体保持乐观的态度，影响逐步消退，中国经济回到正常轨道。成长性板块预计今年业绩仍有望维持较高增长，但估值收缩不可避免。 　　展望全年，预计市场风格将在高估值的成长性板块与低估值的高股息板块之间反复切换。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1255427","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc3e","date":"2024-06-29T16:00:00.000Z","stockId":3000000001753,"sao":"目前时点来看，随着硅料产能释放，预计硅料价格中枢未来一年将逐步下行，这将持续刺激全球加快装机；国、内外大储在新能源装机消纳需求的倒逼下也将加快启动。近年来国际形势错综复杂，同时新一代国防装备建设进入加速期，军工指数估值已消化至相对低位。伴随着美国对我国科技的制裁加深，国产替代更为重要，未来像信创、半导体的政策扶持力度将进一步提速，再叠加消费电子、汽车的销量数据有望见底回升，产业景气度回升可期。2022年4季度以来，医药领域的集采政策边际趋缓，国内创新药企业已有出海的实力。　　本基金将按照基金合同的约定，不断在新兴产业中寻找投资机会，增加配置景气度向上的细分行业中的优质公司。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.224Z","mo":"站在目前时点，展望2024年下半年：　　（1）对指数，我们始终认为A股有其内在的自身运行逻辑，无需过分担忧外围市场的走势影响A股。无论从国内宏观经济周期，还是从政策周期来看，相信2024年的A股表现大概率会好于2023年。从库存周期来看，中、美两国均有望在下半年迎来补库存的周期，经济复苏的内在动能增强。短期看，国内出台一系列经济托底政策的可能性在加大。综上，我们认为2024年下半年指数的表现会优于上半年； 　　（2）对经济，中、美经济在2024年将出现错配：中国经济复苏向上，而美国经济相对走弱。与市场观点不同之处在于，我们并不认为美国经济会出现明显的衰退，中国的出口增速可能会好于预期； 　　（3）对汇率，中国经济向好是人民币走强的基础。党的二十届三中全会召开后，政策不断优化，经济刺激政策陆续出台，市场信心明显增强；　　（4）对新兴产业，依然重点看好具有全球领先优势的新能源板块，国产替代背景下逐步崛起的信创、半导体等科技产业，新一代国防装备建设进入加速期后的军工行业，逐步具备出海实力的中国创新药企业，以及国家政策大力支持且业绩不断兑现的中药板块等。 　　总之，我们对2024年的市场行情整体保持乐观的态度，影响逐步消退，中国经济回到正常轨道。成长性板块预计今年业绩仍有望维持较高增长，但估值收缩不可避免。　　展望全年，预计市场风格将在高估值的成长性板块与低估值的高股息板块之间反复切换。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1149947","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc3d","date":"2024-03-30T16:00:00.000Z","stockId":3000000001753,"sao":"目前时点来看，随着硅料产能释放，预计硅料价格中枢未来一年将逐步下行，这将持续刺激全球加快装机；国、内外大储在新能源装机消纳需求的倒逼下也将加快启动。近年来国际形势错综复杂，同时新一代国防装备建设进入加速期，军工指数估值已消化至相对低位。伴随着美国对我国科技的制裁加深，国产替代更为重要，未来像信创、半导体的政策扶持力度将进一步提速，再叠加消费电子、汽车的销量数据有望见底回升，产业景气度回升可期。2022年4季度以来，医药领域的集采政策边际趋缓，国内创新药企业已有出海的实力。　　本基金将按照基金合同的约定，不断在新兴产业中寻找投资机会，增加配置景气度向上的细分行业中的优质公司。","declarationDate":"2024-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.221Z","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1072668","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc3c","date":"2023-12-30T16:00:00.000Z","stockId":3000000001753,"sao":"目前时点来看，随着硅料产能释放，预计硅料价格中枢未来一年将逐步下行，这将持续刺激全球加快装机；国、内外大储在新能源装机消纳需求的倒逼下也将加快启动。近年来国际形势错综复杂，同时新一代国防装备建设进入加速期，军工指数估值已消化至相对低位。伴随着美国对我国科技的制裁加深，国产替代更为重要，未来像信创、半导体的政策扶持力度将进一步提速，再叠加消费电子、汽车的销量数据有望见底回升，产业景气度回升可期。2022年4季度以来，医药领域的集采政策边际趋缓，国内创新药企业已有出海的实力。　　本基金将按照基金合同的约定，不断在新兴产业中寻找投资机会，增加配置景气度向上的细分行业中的优质公司。","declarationDate":"2024-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.217Z","mo":"站在目前时点，展望2024年：　　（1）对指数，我们始终认为A股有其内在的自身运行逻辑，无需过分担忧外围市场的走势影响A股。无论从国内宏观经济周期，还是从政策周期来看，相信2024年的A股表现大概率会好于2023年。从库存周期来看，中、美两国均有望在今年迎来补库存的周期，经济复苏的内在动能增强。短期看，国内出台一系列经济托底政策的可能性在加大。综上，我们认为2024年全年指数的表现会优于2023年；　　（2）对经济，中、美经济在2024年将出现错配：中国经济复苏向上，而美国经济相对走弱。与市场观点不同之处在于，我们并不认为美国经济会出现明显的衰退，中国的出口增速可能会好于预期；　　（3）对汇率，中国经济向好是人民币走强的基础。党的二十大召开后，政策不断优化，经济刺激政策陆续出台，市场信心明显增强；而美国今年进入降息周期的概率较大；　　（4）对新兴产业，依然重点看好具有全球领先优势的新能源板块，国产替代背景下逐步崛起的信创、半导体等科技产业，新一代国防装备建设进入加速期后的军工行业，逐步具备出海实力的中国创新药企业，以及国家政策大力支持且业绩不断兑现的中药板块等。　　总之，我们对2024年的市场行情整体保持乐观的态度，影响逐步消退，中国经济回到正常轨道。成长性板块预计今年业绩仍有望维持较高增长，但估值收缩不可避免。　　展望全年，预计市场风格将在高估值的成长性板块与低估值的稳增长板块之间反复切换。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1056191","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc3b","date":"2023-09-29T16:00:00.000Z","stockId":3000000001753,"sao":"目前时点来看，随着硅料产能释放，预计硅料价格中枢未来一年将逐步下行，这将持续刺激全球加快装机；国、内外大储在新能源装机消纳需求的倒逼下也将加快启动。近年来国际形势错综复杂，同时新一代国防装备建设进入加速期，军工指数估值已消化至相对低位。伴随着美国对我国科技的制裁加深，国产替代更为重要，未来像信创、半导体的政策扶持力度将进一步提速，再叠加消费电子、汽车的销量数据有望见底回升，产业景气度回升可期。2022年4季度以来，医药领域的集采政策边际趋缓，国内创新药企业已有出海的实力。本基金按照基金合同的约定，不断在新兴产业中寻找投资机会，增加配置景气度向上的细分行业中的优质公司。　　展望2023年，中国经济将步入复苏的轨道，而美国经济可能会在持续加息后，面临衰退的风险。中、美经济的周期错配将对股市带来重要影响。","declarationDate":"2023-10-24T16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指数，我们始终认为A股有其内在的自身运行逻辑，无需过分担忧外围市场的走势影响A股。无论从国内宏观经济周期，还是从政策周期来看，相信2023年的A股表现大概率会好于2022年。但从库存周期来看，中、美目前工业企业库存较高；且相关政策优化后，经济复苏的内在动能增强，短期看，出台更大规模的刺激政策的可能性在降低。综上，我们认为2023年上半年出现单边牛市的概率不大；　　（2）对经济，中、美经济在2023年将出现错配：中国经济复苏向上，而美国经济相对走弱。与市场观点不同之处在于，我们并不认为美国经济会出现明显的衰退，中国的出口增速可能会好于预期；　　（3）对汇率，中国经济向好是人民币走强的基础。党的二十大召开后，相关政策不断优化，经济刺激政策陆续出台，市场信心明显增强；　　（4）对新兴产业，依然重点看好具有全球领先优势的新能源板块，国产替代背景下逐步崛起的信创、半导体等科技产业，新一代国防装备建设进入加速期后的军工行业，逐步具备出海实力的中国创新药企业，以及国家政策大力支持且业绩不断兑现的中药板块等。　　总之，我们对2023年的市场行情整体保持乐观的态度，中国经济将逐步回到正常轨道。成长性板块预计今年业绩仍有望维持较高增长，但估值收缩不可避免。　　展望全年，预计市场风格将在高估值的成长性板块与低估值的稳增长板块之间反复切换。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=873429","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc37","date":"2022-09-29T16:00:00.000Z","stockId":3000000001753,"sao":"2022年三季度，上证综指下跌11%，创业板指数下跌 18.6%，沪深300指数下跌15.2%。板块方面，煤炭、通信指数微涨，建材、消费者服务、新能源汽车、化工等行业跌幅较多。  新兴产业产品主要配置为电动车、光伏等成长性行业，三季度下跌16.7%。  三季度，10年期美债收益率走强、中外政治摩擦加大、国内多地疫情反复等因素影响了市场的风险偏好。市场增量资金有限，加之绝对收益盘降仓，市场整体成交较淡。  目前时点，我认为10年期美债收益率上行已是强弩之末，随着时间推移明年美国经济衰退的预期将逐步增强，11月中期选举结束后拜登政府的注意力或会从短期拉拢民意的通胀管理逐步转向经济衰退控制。海外衰退预期加强，加息预期放缓预期进一步明确后，高景气成长股的将会得到修复。  Q4仍较看好储能、光伏、新能源车等行业的长期成长性。海外户储在能源安全+经济性的驱动下，行业低渗透仍有较大成长空间；国内外大储在新能源装机消纳需求的倒逼下也将加快启动。而光伏行业，随着硅料产能释放，预计硅料价格中枢未来一年将逐步下行，这将持续刺激全球加快装机。新能源车短期市场对明年预期相对悲观，但行业长期成长逻辑不变，我们相信行业经历新一轮洗牌后仍将有更多的企业成长起来。目前储能、光伏、新能源车等行业明年估值不贵，但成长性相对确定，市场情绪回暖后我们可以从估值切换、业绩上修上看到未来的空间。我们也会努力在新兴产业的其他方向如军工、医药、新消费里寻找更多性价比高的投资机会。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.203Z","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=807017","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc36","date":"2022-06-29T16:00:00.000Z","stockId":3000000001753,"sao":"2022年上半年，上证综指下跌6.63%，创业板指数下跌 15.41%，沪深300指数下跌9.22%。板块方面，煤炭、消费者服务、交运、地产等稳增长/疫情复苏链条涨幅靠前，TMT、军工等成长性行业跌幅较多；新兴产业产品主要配置为电动车、光伏等成长性行业，上半年下跌1.58%。  一季度，市场短期博弈稳增长/疫情复苏等方向，资金有限的存量博弈市场下，成长类行业较为承压。二季度，随着美联储加息逐步落地，市场开始逐步交易海外衰退加息放缓，全球流动性预期较此前放松。4月底成长股上修的基本面与资金博弈下较低估值，相比中长期成长潜力弱而短期估值透支的稳增长/疫情复苏性价比加快提升，基本面较好的成长板块如新能源等二季度如期反弹修复。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.198Z","mo":"中长期，我们仍较看好新能源汽车、光伏等行业的持续成长性。市场此前对于新能源车涨价影响需求的质疑也逐步被订单销量打消，新能源车作为一种ToC消费品，具强品牌力的车企在终端涨价后依然展现出较强的消费者认可度及需求韧性。而光伏行业，在国内风光大基地加持、户用爆发，海外俄乌战争促进欧洲新能源需求提升的背景下，行业短中长期高成长的确定性较强。虽然二季度新能源车、光伏已有一定的估值修复，但展望下半年，新能源汽车、光伏、风电等景气行业将逐步进入销量/装机旺季，相关细分行业下半年、明年业绩仍有上修的空间。我们仍能从业绩上修、估值切换上看到未来的空间。我们也会努力在新兴产业的其他方向如智能车、AR/VR、军工等寻找更多性价比高的投资机会。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=787268","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc35","date":"2022-03-30T16:00:00.000Z","stockId":3000000001753,"sao":"2022年一季度，上证综指下跌10.65%，创业板指数下跌 19.96%，沪深300指数下跌14.53%。板块方面，煤炭、地产、建筑等稳增长链条涨幅靠前，新能源、军工、电子等成长性行业跌幅较多；市场风格上一季度价值强于成长。新兴产业产品主要配置为电动车、光伏等成长性行业，一季度调整较多。  一季度市场短期博弈“稳增长”、“疫情复苏”等方向，资金有限的存量博弈市场下，成长类行业较为承压。“稳增长”方向多是博弈短期政策变化，中长期成长潜力较弱，且部分方向短期估值已较为透支，甚至接近部分成长类行业的估值，短期市场估值体系有点紊乱，我们认为中期市场整体的估值体系将会逐步趋于平衡。展望二季度，我们认为成长类行业部分方向中长期已在相对较为合理的价值区间。随着成长性行业高景气产业趋势、公司业绩的逐步兑现，后续成长股的估值中枢有望逐步修复。  中长期，我们仍较看好新能源汽车、光伏等行业的持续成长性，一季度相关细分行业的产业数据整体上也是超市场预期的，但在弱市下，市场仍较为担心后续成长的持续性。我们认为，新能源车作为一种ToC消费品，在消费者习惯已形成较大变化的情况下，消费趋势是有一定惯性的，强品牌力的车企在终端涨价下消费者接受度仍较良好。而光伏行业，在国内风光大基地加持、户用爆发，海外俄乌战争促进欧洲新能源需求提升的背景下，行业短中长期高成长的确定性较强。新能源估值目前已经调整到历史的中下分位水平，性价比进一步提升，我们仍较看好新能源行业中长期的表现。我们也会努力在新兴产业的其他方向里寻找更多性价比高的投资机会。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.195Z","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=727124","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc34","date":"2021-12-30T16:00:00.000Z","stockId":3000000001753,"sao":"2021年全年，上证综指上涨4.8%，沪深300指数下跌5.2%，创业板指数上涨 12.02%。板块方面，年初至今有色、化工、电新、煤炭等待涨幅居前，消费者服务、非银、农业跌幅较多。  2021年市场围绕产业高景气的主线展开，市场风格上中小市值较为占优、大盘价值/成长表现相对较弱。产品遵循优选长期成长价值的投资思路，配置了电动车、光伏、顺周期等方向的龙头公司，取得了良好的超额收益。","declarationDate":"2022-01-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.193Z","mo":"展望一季度，美联储加息此前已在市场中演绎反应，中国经济仍在下行通道，国内流动性仍处相对宽松水平，流动性环境对于成长股还是友好的。  但我们看到新年以来，以新能源、半导体、军工、医药为代表的成长方向调整幅度较大，部分投资者短期博弈“稳增长”方向，市场风格短期切换。我们认为近期新能源的大幅调整，部分由于投资者对政策的悲观预期（预期碳中和政策放缓、新能源放缓，但实际产业高景气趋势不变），部分是被动盘减仓带来的负反馈（绝对收益被动平仓+基金赎回被动减仓），经过近期调整，我们认为短期市场有望逐步企稳反弹。  通过产业数据、上市公司交流了解下来，新能源行业的高景气并没有变化、仍在延续、部分环节甚至在加强。我们看到新能源汽车1月份销量“淡季不淡”，延续高成长趋势，各大车企对今年新能车销量规划保持乐观。国家在2022年的新能源车补贴政策里放开了200万辆车的补贴数量上限，补贴规模有望翻倍。风光方面：光伏国内1月新增装机7.4GW（同比+215%）、其中分布式新增装机4.7GW（+255%）较超预期，产业链各环节企业呈现淡季不淡的经营状态；同时政策上，二期大基地400GW（一期100GW）的规划预期进度上也超市场预期，与市场上此前部分预期新能源发展节奏放缓的观点相反。风电产业链，风机降本速度加快，1月风机招标规模超预期。  新能源经过此轮大幅调整后，估值目前已经调整到历史的中下分位水平，性价比进一步提升，我们仍较看好新能源行业中长期的表现。我们也会努力在新兴产业的其他方向里寻找更多性价比高的投资机会。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=711007","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc33","date":"2021-09-29T16:00:00.000Z","stockId":3000000001753,"sao":"2021年3季度，上证综指下跌0.64%，创业板指数下跌6.7%，沪深300指数下跌6.9%；市场风格方面，中小盘成长仍较强，大盘成长及价值较弱；Q3涨幅居前的行业板块为煤炭、有色、钢铁、公用事业、化工、电新等，食品饮料、医药、消费者服务跌幅较大。新兴产业基金Q3涨幅11.19%。  展望4季度，美联储Taper在市场预期之内，中国经济仍在下行通道、国内流动性仍处宽松水平。我们仍看好市场的结构性机会，方向上仍看好与经济周期弱相关、产业趋势高景气的新能源车、光伏、储能、高端制造、医药等方向。  9月以来新能源产业链回调较多，我们认为回调更多归因于市场风格及交易层面因素、及市场对限电限产事件过度恐慌，而限电限产问题目前已经逐步边际改善、同时产业基本面实际上仍在超预期上行（如9月在缺芯环境下中国新能源车仍实现超预期35万辆高成长的产销量，Q4缺芯逐步缓解后产销量仍将环比上行），回调后的产业链PEG估值性价比进一步提升，我们相信产业链优质公司中长期仍将逐步创新高。","declarationDate":"2021-10-26T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.190Z","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2021年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=656610","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc32","date":"2021-06-29T16:00:00.000Z","stockId":3000000001753,"sao":"2021年上半年，上证综指上涨3.4%，创业板指数上涨17.22%，沪深300指数上涨0.24%；市场风格方面，中小盘成长较强，大盘价值较弱；涨幅居前的行业板块为化工、钢铁、电新、煤炭、石化、医药等，非银、农林牧渔、家电、军工跌幅较大。新兴产业基金上半年上涨17.02%，重仓方向之一新能源Q2加速反弹。","declarationDate":"2021-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.187Z","mo":"展望下半年，全球流动性有望保持相对宽松水平，在美联储加息预期没有提前或强化的情况下，市场风格仍对成长股投资有利。同时，中国超预期降准，进一步确认国内经济下行压力大，市场对国内流动性预期将逐步放宽。整体上预计下半年市场仍将整体震荡、结构分化，方向上仍看好产业趋势高景气的新能源、半导体、高端制造、医药等方向的投资机会；同时考虑市场风格变化逐步增加低估值板块的配置比例。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2021年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=633466","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc31","stockId":3000000001753,"sao":"2021年一季度，上证综指下跌0.9%，创业板指数下跌7%，沪深300指数下跌3%；市场风格方面，前期强势的机构重仓板块回落较多，涨幅居前的行业板块为钢铁、电力公用事业、银行等，汽车、非银、军工跌幅较大。新兴产业产品Q1下跌15%，重仓方向新能源、顺周期、军工Q1回落较多。展望二季度，疫苗普及下全球经济有望加速回暖，美联储表态2022年底前加息可能性非常小、全球流动性有望维持相对平稳水平。预计市场仍将整体震荡、结构分化，方向上仍较看好产业趋势较好、业绩确定性较强的新能源汽车、顺周期、军工、半导体等方向的投资机会，同时考虑市场风格逐步增加低估值标的的配置比例。中国新能源汽车市场如我们之前预期，实现了史上销量最旺的Q1单季，今年将有越来越多的优质车型供给创造需求，国内新能源汽车市场将进入良性的高速成长期。同时欧洲新能源车市场Q1维持高成长，美国Q1迎来拐点，中欧美3大新能源车市场全年有望实现60%+的高成长共振。顺周期方面，随着有效疫苗逐步面世，全球特别是海外经济体将进入加速回暖期，看好大宗商品、高端制造等顺周期品种进入加速修复周期。同时看好在国家强军需求下，逆周期军工优质资产的持续重估。","date":"2021-03-30T16:00:00.000Z","declarationDate":"2021-04-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.184Z","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2021年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=569041","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc30","stockId":3000000001753,"sao":"2020年全年，上证综指上涨13.87%，沪深300指数上涨27.21%，创业板指数上涨64.96%。板块方面，年初至今食品饮料、消费者服务、电力设备及新能源、国防军工涨幅居前，全年涨超70%；石化、地产、通信、综合金融跌幅较，全年跌幅超5%。2020年市场在疫情、宽松流动性影响下先抑后扬，市场风格相对极致地集中在追逐龙头白马公司上，而中小市值公司表现相对一般。产品遵循优选长期成长价值的投资思路，下半年重仓配置了基本面趋势较好的光伏、电动车等新能源行业龙头公司，取得了良好的超额收益。","date":"2020-12-30T16:00:00.000Z","declarationDate":"2021-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.181Z","mo":"展望2021Q1，全球经济有望加速回暖+流动性相对平稳，预计市场仍将整体震荡、结构分化。板块上仍较看好新能源、顺周期、军工等方向的投资机会。新能源产业中欧美政府政策友好，新能源汽车ToC化趋势加速，Q1中国新能源汽车市场迎来久违的Q1旺季，中欧美3大新能源车市场全年也有望实现高成长共振；光伏Q1亦是淡季不淡，全年全球装机预期将加速成长；看好新能源产业链各龙头公司持续提升市占率、强者恒强。顺周期方面，随着有效疫苗逐步面世，全球特别是海外经济体将进入加速回暖期，看好大宗商品、高端制造等顺周期品种进入加速修复周期。同时看好在国家强军需求下，逆周期军工优质资产的持续重估。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2020年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=557785","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc2f","stockId":3000000001753,"sao":"截止2020年第三季度末，上证综指上涨5.51%，创业板指数上涨43.19%，沪深300指数上涨11.98%。板块方面，第三季度较为分化，国防军工、消费者服务、汽车、新能源等行业指数单季涨幅较大，通信、传媒、计算等行业指数走弱。 本基金严格遵循优选长期成长价值的投资思路，积极配置成长空间广阔、竞争格局清晰的相关新兴产业及公司。  展望四季度，中欧新能源政策持续加码+新能源产业链迎来Q4旺季，我们看好具有长成长赛道+竞争力突出的新能源汽车、光伏优质公司进入加速成长期；看好在国家强军需求+中美摩擦激化下，逆周期军工资产的持续重估；同时下半年国内经济加速复苏，看好顺周期板块的投资机会。","date":"2020-09-29T16:00:00.000Z","declarationDate":"2020-10-27T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.179Z","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2020年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=489900","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aec5d97fea5b3eb044dc2e","stockId":3000000001753,"sao":"截止2020年第二季度末，上证综指下跌2.15%；沪深300指数上涨1.64%；创业板指数上涨35.6%。板块方面，第二季度分化严重，食品饮料、餐饮旅游、医药、商贸零售等行业单季度指数上涨超过10%，但是石油石化、服装纺织等行业指数大幅下跌，指数之间分化严重。本基金严格遵循了优选长期成长价值的投资思路，面对国内外经济增长的不确定性与全球新冠肺炎疫情的加剧，组合更多的选择局部微调，持有等待价值兑现。在2020年第二季度，国内疫情得到有效控制，经济基本面逐渐恢复，但是海外疫情重度蔓延，需求承压。使2017年至今的经济下行周期，复苏的预期进一步的延后。组合顺应需求的变化，增加了对内需主导的行业和公司的配置。","date":"2020-06-29T16:00:00.000Z","declarationDate":"2020-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:06:33.176Z","mo":"展望下半年，中国在脱贫攻坚的重要目标引导下，我们认为将延续积极财政政策+稳健货币政策，国内总量需求将逐步回暖，内循环经济得以强化；而美国新增疫情仍处高位、经济疲弱，预计其第二轮财政刺激、量化宽松预期仍较强，在此拉动下预计全球仍将保持宽裕的流动性水平。在国内经济回暖+流动性宽松+中美问题激化的背景下，我们认为下半年证券市场波动加大、但仍具结构性行情机会。我们看好具有长成长赛道+竞争力突出的新能源汽车、光伏、部分高端制造业的优质公司，下半年将进入加速成长期；看好在国家强军需求+中美摩擦激化下，逆周期军工资产的持续重估；同时下半年国内经济逐步复苏，看好相关成长周期品进入涨价周期。","fund":{"_id":3000000001753,"stockCode":"001753","stockType":"fund","areaCode":"cn","followedNum":16,"blackenedNum":0,"status":"normal","exchange":"jj","fundType":null,"ipoDate":"2015-08-12T16:00:00.000Z","setUpScale":244770000,"market":"a","tickerId":1753,"custody":"中国建设银行股份有限公司","name":"红土创新新兴产业灵活配置混合型证券投资基金","shortName":"红土创新新兴产业混合A","fundSecondLevel":"hybrid","__csrcFundId":4276,"fundStatus":"normal","lastUpdated":"2025-12-19T18:16:44.807Z","masterFundFlag":1,"inceptionDate":"2015-09-22T16:00:00.000Z","fundCollectionId":4000050970000,"currency":"CNY","masterFundShortName":"红土创新新兴产业混合","pinyin":"htcxxxcylhpzhhxzqtzjj","managers":[{"stockCode":"db20831244","stockType":"fund_manager","exchange":"fm","tickerId":122408214340,"name":"廖星昊"}]},"announcement":{"linkText":"红土创新新兴产业灵活配置混合型证券投资基金2020年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=460630","linkType":"PDF","source":"csrc_pdf"}}]}