??大å?¸å??ç??¥ï???»¥?´ä?è§?ä¸??¹ï???ä¸??¹ä¼°??ä»????ä¸?主线
????ä¸??¨å??ºæ????????ï¼?æ²????¨æ¶¨0.55ï¼?ï¼?æ·±è??????¨æ¶¨0.81ï¼?ï¼???ä¸??¿æ???¨æ¶¨0.18ï¼?ï¼?主è????°å?ºç?°ä?稳迹象ã??????èµ???ç»???æ¤å??两å?¨ç????æµ??ºï?å®??°å??æµ??¥çº¦50亿å????è¡?ä¸?ä¸?主é?å±????人工?ºè?½äº§ä¸?è¶??¿å????ä¸?ï¼?ä¼?åª???计ç??ºã????ä¿¡ç?TMT?¸å?³è?ä¸?é¢?涨å??ºï??°äº§äº§ä??¾å?¨ä????¾å??å¼¹ï??¤ç?????»è?????µå??设å?ä¸??°è?½æ?ç?è¡?ä¸?表ç?°ä?ä½³ã??
??????å¸?å¸??ºå?å¦?ä½?æ¼?ç»?ï¼?ä¸??????°å??大å?¸å??ç??¥æ??»ã??
????1. ä¸?¿¡è¯??¸ï?é¢?è®???A?¡ä?å°?延ç»è¾?é«?æ³¢å??/STRONG>
????æ¥å????ï¼??½å??ç»?æµ?é¢???ä»?å¤?äº?ä½?ä½?ï¼?æµ·å?å¤?????ç´??°å?¨å????ï¼???èµ???è¡?为模å¼?æ£å?äº?è½??¢æ??ï¼?é¢?è®??¡ä?å°?延ç»é«?æ³¢å???å½???æ£è?äº?ä¸???å¹´æ³¢?¨å?ºé?´ç??波谷??è¿?ï¼?建è?以ä?绩为纲ï?继ç»?´ç?ç§??????½æ?èµ?æº????½é?²ä?大å??¨é???ä¸????¿ç?????é¢?????ä¸?绩ä??¿ç????ç§?å±?å¼?ï¼?并æ??ç»??³æ³¨?»è??º§ä¸????¿æ????ç½?»·?¼ï??´ç??½äº§??¸»?????½é??????é«?ç«??¶é?????????»ç??ç?ä¼??¿è???å¸?å±???ä¼?ç§?ä¼?ä¸???
????2. ?½ç??è¯??¸ï?é¢?计è?ä¸?两个?????½å?ºå?°ç¨³ä¿¡å????©å????ç?ä¸?ç³»å??ç»?????/STRONG>
????è¿??????¿ç?主è????þ9???°è?½æ?汽车??????人工?ºè?½â??两大产ä????¶ä????³æ³¨ï¼??½å????????£ç????»å???ç¡???????ç®?大æ??è·?????²é?¨å??许é??å½?å¼?è¿?ç§?åþ>±»??åþ>??¹è?????è§???ç¬???¹æ?ºæ???¥æ?¡ï?6.2?½å¸¸ä¼???ç¡????对å?¨å?½ç?ä¸?大å??ºå???¹æ???å¿??ºå?°æ?¿ç?ç????¾å??äº?认为ï¼?å½???ç»?æµ?ä»?å±?å¼±ç?°å?ï¼???ç»???¿ç????è§?äº?ï¼?é¢?计è?ä¸?两个?????½å?ºå?°ç¨³ä¿¡å???稳å??¿ã???©å??????稳å?°äº§??ä¿?æ¶?è´¹ã??ä¸?¤®??????ç?ä¸?ç³»å??ç»????³ï????½ç????ï¼?????æ°?ä¼???æ³?å¾??¶åº¦???°äº§å·?????¾æ?¾ï???ä¸?广深ç?ï¼???????汽车ï¼??°è?½æ?ç?ï¼??????????????¿ç??§é????????大项??»ºè®¾ç???
????3. 广å??ç??¥ï?ç«??¨æ?°ä?è½???èµ???å¼?èµ·ç? ?¥æ?±ç¡®å®???/STRONG>
????A?¡æ²¡??æ°¸æ????èµ???ï¼???????èµ???å¼????´è¿??16-17å¹´â??以é?为é?????19-20å¹´â??DCFç¡???§æº¢ä»·â????21å¹´â???????èµ???ï¼?22å¹?1???³ä?????è½???¥â????23å¹´æ??ä»???ç»?¼ºè°???ä¹°å????????22å¹?0??åº?å½¢æ??????ä¼°å?¼æ?å£???驱å?¨æ??ä»???示â????è½???¥â??ï¼?A?¡å??ä¼?交æ????å?ï¼?ä½?PB??ä½?æ³ ¬???G??é«??¡æ????ä¿?ä¹??²ç????¨ç???±é?©ä?ç¡???§ä???ï¼?èµ???????å®??¨æ?§è?产ï??¨ç???¡å?ä¹????°ç?¸ä¼¼?¹å??????¥æ?±â??ç¡???§â??ï¼?é«????±ç?°é??æµ???é«???è´???é«?ROE??é«?ESGï¼???A?¡æ?å¤?äº??°ä?è½???èµ???å¼?è½?????????ï¼??¥æ?±ç¡®å®??§æº¢ä»·ï???é£??©å?©ç??ä¸?è¡?ï¼?é£??©å??好é??ä½?????å¼????ä¸???è¦??¥æ?±ç¡®å®??§è?产ï?ï¼?1ï¼??¿ç??¶æ??&ï¼?ï¼?产ä?è¶??¿â??ç¡???§â?????°å?ç»?æµ?AI+??ï¼?2ï¼?ä½?ä¼°å?¼ä??·å?æ°¸ç»ç»??¥æ??é«??¡æ????ç¡???§â??????ä¸??¹ä¼°????
????4. ä¸??????¸ï????¿é??¼æ???????°å??ä¼?ï¼??³æ³¨ä¸??¡ä¸»çº?/STRONG>
????è¿???å¸??ºæ??ç»??¥æ????ç¼?ï¼?主è????°å??æ¥å???°å?ºä?稳迹象ï???交é??????????ï¼?人æ?å¸?å°?å¹????¼ï?????èµ???äºþB???°æ?¢å???æµ??¥ã????å¸??¥ç??ï¼???ä»??为å??ºç????表ç?°å???½ä?????å¤?ï¼?ä½?è°??´æ??å¿??¶æ?????½å·²ç»?è¿??»ï??½å????ç´?å°¤å?¶ç?æµ??????¨è?½ä¿®å¤???è¿?å±?ä»?å°????³å?å¸??ºè¡¨?°ç??主è????¾ï?å¦??¥æ?¿ç?åº?对å?å½?ï¼???????æ¸??¹å??å½?????èµ????????²è?é¢?????è¡?ä¸?建è?ï¼????¿é??¼æ???????°å??ä¼???建è???èµ????³æ³¨å¦?ä¸?ä¸??¡ä¸»çº¿ï?
????1ï¼?顺å?人工?ºè?½æ?°å?´äº§ä¸?è¶??¿å???½å??大å????å±??°å?ç»?æµ??¿ç??¹å????ç§??????¿è???ï¼?å¦???导ä???ä¼?åª?游æ??ç?ï¼?2ï¼???????????è´??¢å½±??è¾?大ã??å½?????????????ç»????????ç»???æ±?ä¿??空é?´è?为确å®???æ¶?费类è¡?ä¸?ï¼?ä¾?å¦??½é????家ç?¨ç?µå?¨ã???»ç?????¡ç?ï¼?3ï¼?????äº?ä¸?å¸þ??è·??¡è?ï¼?以å???½ä??¹é?©ç?主é??ºä???
????5. ?½å??ç??¥ï???å¼¹å?ç»§ç» è®©å?弹继ç»??
????5??25?¥ä?è¯?3168ä½??¹å??éª??°æ???ºâ???²å????»ï?ç§???为å??ï¼?次æ?°ä¸ºè¾?????è§??¹ï???为å??ºç????è¦??±è?ï¼?????MT???°ä?æ¶?.77ï¼???å½¼æ?¶æ???ºä?ä¸???ç®???维模??ï¼?å½?ç»?æµ?é¢???ä¸?ä¿???´ï?ä½???èµ???对ä??¿ç?????é¢?????å·????大ï?å¸??ºå?è¿??¥å?°â??ä¹?è§???å®?ä»·â??ï¼??³ä½¿æ²¡æ???¿ç?ï¼?ä½????¿ç?é¢???ä¹?å°???å¼¹ã??6??2?¥å?³ä??°äº§?¿ç???é¢???å¼????¡ç¥¨???ºå?¸ã????????å¤?æ±????±æ???ä¹?表æ??å¸??ºæ?²è?é¢???????åºþ=?¥æ?¤ï??¡ç¥¨ä»·æ?¼ä?ä½???交æ??ç»???ä¼???????å¼¹é??è¦??ºç???
????对å??å¸???æ³????1ï¼?å¤??ä¸?æµ·æ?»é?¨å??åº??°äº§ä¿¡è´·?¿ç???ï¼??°äº§?¿ç??????????¾è?ä¼??é¢???ä¸?è¡?空é?´æ????ï¼?ä¸?论æ????ç»??°å???»â??è¿?????åº??¨ä¿®å¤???ï¼?顺å?¨æ???½å???ä¸???????å¼¹ï?é¢????¶ç?????³ä?å®????¿ç?空é?´ï?2ï¼??????æ¥æµªæ½??产ä?è¶??¿ç???ºç?°ï??????´å????ç»???产ä??¿ç?é¢???ï¼??¨é¡º?¨æ???¶æ??§ä?稳æ???°å??ï¼?ç§??????¿ä?次æ?°è?¡ç¥¨ä»???¸»???ºã??
????6. æµ·é??ç??¥ï?å½???å¸??ºè??´æ?¶ç©ºå·²æ?¾è??ï¼??³æ³¨?°å?ç»?æµ?ä¸???ä¸?绩ç??é¢???
????ä»?å¸??ºé?¢æ?¥ç??ï¼?对æ????²ç??å½???å¸??ºè??´å·²ç»?æ¯?è¾???????ä»??????¨æ????ä¼°å?¼ã???ºæ??? ¬??èµ????¢ç?维度?¥ç??ï¼?22å¹?0??åº?以æ???¡å·²ç»?è¿??¥æ?°ä?è½???å¸??¨æ????????å¸?ä¸?涨ä????è¹´è??å°±ç??ï¼????²ä?å¸??ºè????¨å??è½???ï¼?ç¬??æ³??涨修å¤?è¡???èµ°å?ï¼?å¸??ºå?å¾?ä¼?????è¿?äº???ä¸??????¤ã??å½???å¸??ºå??¨ç??å¸?????ç¬??æ³??涨å??????è°?ä¸??对æ????²ç??ï¼?å½???å¸??ºè??´æ?¶ç©ºå·²ç?è¾?为æ?¾è????å½???ä¸?è¯????°å????äº?ç¬??æ³??涨å?åºþ>??0.47??è°??´æ?¶é?´æ??ç»?3天ï?æ²?·±300ä¸?.63??123天ï???ä¸??¿æ??ä¸?.11??123天ï?ä¸?å¾???ä¸?.58??105天ã?????´å???²ï???次å????è¿?ç¨?ä¸??è¯????°å¹³??ä¸?è·?46天ï????°å????????ä¸?涨è???0.5-0.7å·þ@?³ç??涨å?????æ¤ï?å½???ä¸?è¯????°å?¨è??´ç©º?´ä?å·²ç??¥è????²ï??¶ä????°å?¨æ?¶ç©ºä¸?è°??´å??å·²æ?¾è????
????7. ??西ç??¥ï??¿ç?宽æ?¾é??????©ä?A?¡å??¨å??å¼?/STRONG>
????ä»?ä¼°å?¼å??é£??©æº¢ä»·ç??ï¼?å½???A?¡å?äº?è¾?é«??§ä»·æ¯??ºå??ï¼????????ºé????è¡?è·??¥å?°ç?¹ä?????äº?å¸??ºå??½å??ç»?æµ????¿ç????²è?é¢???å·²è?????å®?ä»·ã??è¿???äº?线å??å¸????°äº§?¿ç??¾æ?¾æ????????ºæ??ç»?????è¦?????ä¹?ä¸?ï¼?ä¸?å¸??ºå??¨å?½è???´å???°äº§?¿ç?è¿?ä¸?æ¥æ?¾æ?¾ä?å??¨é???ï¼????©ä?驱å???¡å??¨å??å¼¹ã???¶é?´ä?ï¼?7?????¿æ²»å±?ä¼?è®????»é???¿ç?????è¦?è§?å¯??¶ç?¹ï??¨ä?è®??½å?°å??ï¼?å¸??ºå??´ç??¿ç?é¢?????å¤???å¼??? ??ç½ ä¸?ï¼??¨å??ºå??¨å??å¼¹ä¸?³æ³¨ï¼? 1ï¼?????äº?产ä????????¿ç????????°å?ç»?æµ??¿å??ï¼????¹å?³æ³¨?µå???è¿??¥å??ï¼? 2ï¼????©è?½å???¹å???????¨ä?ä¸?ï¼??µå??ï¼?ç???
????8. 西é?¨ç??¥ï???»¥?´ä?è§?ä¸??¹ï???ä¸??¹ä¼°??ä»????ä¸?主线
????5??ä¸???»¥?¥ï????°ç??½å?ºå?¡æ??????å½±å??ï¼??????½å??ç»?æµ?ä¿?????????½ä»¥???ºå?é£??©ä?件影??ï¼?å¸??ºå?äº?ç»?æµ?é¢???å¿???ä¸?ä¿???????å¤??ETF??è¡????????ä¸??¹ä¼°??ä»??¶æ???ä¸?主线??ä»?ä¸????¥ç??ï¼?å½???èµ?产价?¼æ????????ç»?æµ?é¢???å·²ç????°ä?ä½?ï¼?è¿?ä¸?å½???ç»?æµ?ä¿?????§æ?§å½¢??è¾?大è??离ï?顺å?¨æ??è¡?ä¸???ä¿??å·²ç????¨ã??
????è¡?ä¸?å±??¢å»ºè®???ç½???°äº§?¾ä???家ç?µï?建æ??ï¼?轻工ç?è¡?ä¸?ï¼?ä¸??¹ä¼°?¼ä¸?·å????¾ä¼°?¼ä??¿ç???¶è???ä¿??©ã??建ç????µå?????³æ²¹?³å??ç?è¡?ä¸?å¤??ï¼?ä¸?ç»?æµ?ä¿???¸å?³åº¦è¾?é«???汽车ï¼????°è?½æ?è½þ
????9. ä¸?³°è¯??¸ï??°äº§ä¸??ºå»ºå¤§å?ºæ??¿ç?è¾??¾æ?¨å?ºï?å¸??ºè??´æ??å°??????
??????½®è°??´æ?´ä?å°??????ï¼??¤æ?????示ç???°æ?????¼å??å½????ºå?¡é??©ã??????ç?å·²å?å§???æ¥å???°ç????ç´?å¤?ï¼?å½????¶é?´ç?¹æ????è¦???é¢???å·??¨ä?ï¼?1ï¼?æµ·å?ä¿?ä¹??°ç?é£??©æ?ç»????¾è??è¶??½å????èµ???é¢???ï¼?2ï¼??½å??顶å??¿ç?å®???ä¸??¹é?©ç???³å????¹å???¾è??è¶???èµ???é¢?????
????å°±å?½å???¿ç???è¨?ï¼?ä¸????????????¨å?级æ?¿ç??ºå?°ï??³å????½ä???ä¸?次类似é??????è´§å?宽æ?¾æ?¿ç????½ç?¶è?äº??¿ç????½å¸¦?¥å??ºé?¶æ??§å???½ï?ä½?å¾??¾å¸¦?¥ç??æ£ç????è½?????è¿?å¸??ºå??ºæ??¿ç?é¢???è¾?é«?ï¼???????¼±å¤?????为å??ºä??´é???ä¹???ï¼??¨ä»¥???¿ç??¸æ?ºæ???©ç??æ¡??¶å??对强?ºæ??¿ç?ä¿?????å¾????¶è??ï¼??¨ä?å¹´å??¨å??????¿ç?æ¡??¶ä?ä¸?ï¼??¿ç?å®???è¾?强ï?ä½?å¸??ºæ??ç»???????驱å?¨æ??èµ????¨ç?¼ä?并æ?????°å?ºæ???¢å???¿ç??¢ç???¾è??????ï¼?è¿?ä¸?å¸??ºå¾®è§?ç»??????»å¹´8-9??类似ï¼???ä¹????³ç????½®è°??´æ??å°????????
????10. ??å®?ç??¥ï????¨æ?¿ç???å¾?å°???è¯?å®?ï¼????¡æ?¼å?????/STRONG>
????5??????ä¸??¨å??ºå?äº?å½???ç»?æµ?å¢??¿å???¿ç?é¢???å·²ç?å¤?äº???ä½?ä½?ç½??å¸??ºæ????延ç»ä¸?è·?ï¼??´ä?ç»´æ?????¡ã????èµ??ºä?ä¸?以轮?¨æ?§å???¿ç?é¢???驱å?¨æ?§ç?¹å????¾ï?TMTå°¤å?¶æ???ç®??ºã??ä¼?åª?ï¼?ä¸??¹ä¼°å»ºç?è£?饰ï??°äº§?¾å??????表ç?°ã???½å??è¿??¥æ?¿ç???å¼???ï¼??¿ç?é¢??????¿ç?è¯?å®?è¯?ä¼??½å???大å??ºæ³¢???ç¾?????????????è·³è??????????????©ç????©å??¨ç??é£??©è?产ï???è½»è???????????©ä???ä¸?èµ???æµ??¥ã???´ä??¤æ???å¸??ºä?以é???¡ä¸ºä¸»ã??
??????ç½??建è??³æ³¨ä¸??¡ä¸»çº¿ï?ä¸????TMTè¡?ä¸?ä¸?????ç»????§æ?ºä?ï¼?èµ????????????¸å?³æ?¿ç??ºå?°å¸¦?¥ç?°å?éª?è¯????µå?????ä¿¡ï?äº?????ä¸??¹ä¼°??è¿???¥½??å¸?å±??ºä?ï¼??¨æ??ç»???交æ?????»å??è¿??¥è?好å?å±??ºä???ä¸??头建ç?建æ??ç?ï¼?ä¸??????å·²è?³å?°ç?¹ï????½å??¨é???å·???æ¶?è´¹é??¼ä¸??é£???é¥??????»è?????©ã??
?³é?????读ï? ?¸å??
