资源描述
|2023 11 28 2024/2023 2024 2024 2023 ROE ETF ETF ROE 2024 2024%86 1.6 4810.4 5.9 4383.4 6.2%1m 6m 12m 0.9-3.2 13.5 2.9 7.1 16.2 1 2023-11-07 2 2023 2023-11-03 3 23Q3 2023-10-26 S1090516020001-100102030Nov-22 Mar-23 Jun-23 Oct-23(%)非银行金融 沪深300 2 2024 2024 2024 4720 11%1803 15%ROE 5.84%0.43pct WUDWxOtOpMmNoQtQqNrOpOaQcM9PpNnNpNoNfQpOqRlOoMuMaQrQrNxNsPzQwMtRyR 3 2023.5 1.5 2.6 1.6 2 ROE.6 3.7 3.8 1.8 2 8.9 1 7 24.9 2.10 3.11.12 1.12 1.12 2.13 3.13 4.13 2.14 1.14 2.14 3.14 4 ETF.15 5.16 3.16 1.16 2.17 3.18 4.18 4 1.18 2.20 3.20 5.20 1.20 2.21 3.22.22 1 2023.22 1.22 2.22 2 2024.23 1.23 2.23.25 1.25 2.26 5 2023 1 2023 A A 2023 11 17-8.1%+0.69%Q3 9170-9%3%1 2023Q3 2 2023Q3 Wind Wind 3 3%Wind IPO 2023 IPO 3321-35%6915-20%2023 20.5 14%-40-30-20-10010203023-01-0323-02-0323-03-0323-04-0323-05-0323-06-0323-07-0323-08-0323-09-0323-10-0323-11-03 300%0.00.51.01.52.02.53.03.54.023-01-0323-02-0323-03-0323-04-0323-05-0323-06-0323-07-0323-08-0323-09-0323-10-0323-11-03%-30%-20%-10%0%10%20%30%40%60007000800090001000011000120001300022-0122-0222-0322-0422-0522-0622-0722-0822-0922-1022-1122-1223-0123-0223-0323-0423-0523-0623-0723-0823-0923-10 6 4 IPO+5 Wind Wind 2 1 2023 3819+2%1100+6%-11%769-12%352-18%347+1%+31%1028+70%343-22%6 43 2%7 43 6%Wind Wind 2 ROE/1028/769/352/342/347/204+70%/-12%/-18%/-22%/+1%/0%34%/25%/12%/11%/11%/7%+13/-5/-3/-4/+0/+0pct 020040060080010001200140016002022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012023-022023-032023-042023-052023-062023-072023-082023-092023-10IPO-60%-40%-20%0%20%40%60%80%100%120%050001000015000200002500030000350002022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012023-022023-032023-042023-052023-062023-072023-082023-092023-10-30%-20%-10%0%10%20%30%40%01000200030004000500060007000201820192020202120222022Q32023Q3-60%-40%-20%0%20%40%60%80%05001000150020002500201820192020202120222022Q32023Q3 7 8 43 Wind 43 ROE 5.37%+0.52pct 43 23Q3 3.83 2022 0.04 9 43 ROE 10 43 Wind Wind 3 23Q3 CR5 CR10 39%61%1pct 3pct CR5 CR10 43%66%1pct 5cpt 730-1%6%748%718%25%22%26%27%30%30%25%14%12%13%12%15%15%12%12%9%9%10%12%12%11%15%13%12%12%15%15%11%27%38%33%32%20%21%34%6%6%6%7%8%7%7%0%20%40%60%80%100%2018 2019 2020 2021 2022 2022Q3 2023Q3 2%3%4%5%6%7%8%9%2018 2019 2020 2021 2022 2022Q3 2023Q3ROE 3.23.33.43.53.63.73.83.94.02018 2019 2020 2021 2022 2022Q3 2023Q3 8 11 43 12 43 Wind Wind 3 1 2023 139 93%0.77%23Q2 0.4pct 4.03%13 Wind 2 2023 7 24 24.3%39%38%36%37%40%40%39%60%61%60%61%63%64%61%30%35%40%45%50%55%60%65%70%201820192020202120222022Q32023Q3 CR5 CR1048%43%39%40%47%44%43%77%69%67%67%75%72%66%30%40%50%60%70%80%90%2018 2019 2020 2021 2022 2022Q3 2023Q3 CR5 CR10 9 14 2023 Wind 1 7 24 7 24 10 15 7 24 8 18 1 2023 10 20 3 2023 9 15 2023 10 27 26-8.0000-3.00002.00007.000012.000017.000022.000027.000032.000023-01-0323-01-1723-01-3123-02-1423-02-2823-03-1423-03-2823-04-1123-04-2523-05-0923-05-2323-06-0623-06-2023-07-0423-07-1823-08-0123-08-1523-08-2923-09-1223-09-2623-10-1023-10-2423-11-07%7 24 10+1+3 9 10 100%50%300 REITS 2023 8 27 IPO 11 8 2023 8 27 30%2023 11 8 10 2023 8 18 8 28 A B 0.00487%0.00341%30%2023 8 28 11 16 20 3 15 1 15 1 1.2%0.2%1.2%0.2%2023 9 1 2023 8 27 100%80%2023 9 8 2023 10 24 50%80%100%2023 9 1 2023 11 3 11 17 2 11 2 1 90%2 11 50%10%3 20%30%4 0.3%0.5%0.1%5 1%6 A AA 0.5 0.4 A 0.7 0.6 7“A AA“”1 2020 6 0.7“A AA 0.7 A 0.9 1”1 500 2 30 3 30 REITS REITs 4 5 Delta 15%*20%Delta Delta 1 2 500 50%30%3 4 6 6 1 100%50%75%5 Delta 15%Delta Delta/-40%50%50%3 10 30 12 1 1 IPO IPO 2023 IPO 275-18%IPO 3321-35%431 4%-20%15 IPO 16 IPO Wind Wind IPO+7 24 17 7 24 18 7 24 020040060080010001200140016002022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012023-022023-032023-042023-052023-062023-072023-082023-092023-10IPO 010203040506070802022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012023-022023-032023-042023-052023-062023-072023-082023-092023-10IPO,21.0%,20.2%,10.9%,7.4%,14.6%,25.9%,25.7%,20.5%,12.3%,7.8%,5.6%,28.0%13 Wind Wind 2 2023 20.5 14%19 Wind 3 10 19 11 14 8 18 10 27 26 IPO 4-60%-40%-20%0%20%40%60%80%100%120%050001000015000200002500030000350002022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012023-022023-032023-042023-052023-062023-072023-082023-092023-10 14 2 1 3000 10 11 1.08 4.77 10 23 ETF ETF 10 23 2953.51 3000 10 24 2 15 2008 0.1%7 24 8 27 2023 8 28 2022 2700 3 9 10 15 10 30 3 11 6 2023 A 5.39-3%A 6.7%A 20 A Wind 4 ETF 2023 7749-30%+2231-36%5103-26%21 Wind ETF 2023 TOP100 53 2 6.4%0.68pct 10.12%2%3%4%5%6%7%8%01000020000300004000050000600007000018Q118Q218Q318Q419Q119Q219Q319Q420Q120Q220Q320Q421Q121Q221Q321Q422Q122Q222Q322Q423Q123Q223Q3 A A-30%-36%-26%-40%-35%-30%-25%-20%-15%-10%-5%0%020004000600080001000012000 2022Q3 2023Q3 16 5.2%1.65pct 19.61%ETF ETF ETF Wind 2023 ETF 2.0 11%ETF 330 50%307 54%22 2023 ETF 50%Wind 5 3000 ETF 3 1 2023 43 347+1%16 43 117.02-2%-2%7 14 6.3 50.5%53.8%50.0%50.5%51.0%51.5%52.0%52.5%53.0%53.5%54.0%050100150200250300350 ETF ETF2Q23 3Q23 17 23 43 24 Wind Wind 29 3 2022 7 28 2023 4 25 10 2022 6 17 2023 9 1 6 2022 4 29 2023 9 7 10 2022 4 30 2023 11 7 10 2 2023 10 27.23 2.8%15.8 0.4%10 8.56 3%10 6.62 25 10 2.8%26 Q4 Wind Wind 11-20%-10%0%10%20%30%40%010020030040050060020162017201820192020202120222022Q32023Q3-15%-11%-7%-3%1%5%4000050000600007000080000900002020-122021-032021-062021-092021-122022-032022-062022-092022-122023-032023-062023-09()2023 9-15%-9%-3%3%9%15%21%27%20000021500023000024500026000027500029000022-0122-0222-0322-0422-0522-0622-0722-0822-0922-1022-1122-1223-0123-0223-0323-0423-0523-0623-0723-0823-0923-10 550006000065000700007500080000850009000022-0122-0222-0322-0422-0522-0622-0722-0822-0922-1022-1122-1223-0123-0223-0323-0423-0523-0623-0723-0823-0923-10 18 4 11 2016 5 18 2015 12 21 2016 7 26 2021 5 18 2013 8 26 2020 12 30 2015 1 5 2014 8 19 2017 12 18 2023 7 24 2023 11 8 7 1 2 1.2%11 16 20 3 15 1 15 1 3 4 1 11 3/REITs 19 27 2023H1 iFind 1.5 2023H1 120.13 16.46 392.95 125.82 167.54 15.51 183.15 126.69 193.15 16.31 134.61 126.85 265.18 10.92 169.26 128.77 259.59 10.82 265.26 130.35 202.11 16.6 331.57 130.51 246.5 14.24 196.93 131.64 221.42 13.82 249.7 131.78 209.35 14.49 225.96 131.86 273.72 17.66 138 133.99 230.12 13.45 219.78 134.37 183.46 11.7 247.67 134.44 264.15 13.26 155.46 135.13 183.14 21.09 325.97 141.23 309.42 22.15 215.18 145.24 147.73 14.33 147.45 146.04 224.21 16.38 251.48 146.09 204.01 15.96 524.5 146.34 387.83 29.41 262.32 147.39 270.66 19.03 335.24 148.26 217.59 15.27 237.46 149.44 282.2 23.61 225.29 149.59 199.41 18.77 154.74 150.4 281.79 20.11 188.2 150.53 270.18 33.12 315.59 151.38 213.99 27.67 180.1 151.97 210.24 16.2 170.82 154.73 244.02 15.06 201.57 158.86 270.13 25.53 285.93 159.73 203.9 12.14 265.09 161.58 235.37 21.6 352.58 161.68 215.43 20.1 347.18 161.77 379.23 15.75 231.06 165.52 236.92 24.51 650.3 165.94 342.12 28.32 204.61 167.71 296.07 30.71 188.31 170.83 316.41 32.48 506.71 171.4 327.53 25.45 230.07 174.03 204.09 21.25 299.93 177.01 245.11 22.15 235.63 186.86 207.29 22.68 274.16 187.16 387.45 29.03 322.76 213.9 433.83 65.69 628.48 238.34 422.36 45.04 1703.84 279.09 348.83 40.82 294.93 292.73 20 2 Delta 15%*20%2023 7 2.31 6%4677 2.4%28 29 Wind Wind 11 17 3 ROE 5 1 10 1.63 5.6%43 1.29+4.38%0%1%2%3%4%5%6%7%10000120001400016000180002000022000240002023-1 2023-2 2023-3 2023-4 2023-5 2023-6 2023-7 05001000150020002500300035004000450050002023-1 2023-2 2023-3 2023-4 2023-5 2023-6 2023-7 21 30 10 5.6%31 43 4.4%Wind Wind 7.4%8 18 ETF 8 27 100%80%2 10 3589-7%2.77-7%43 3787-7.15%2018 32 10-7%33 43-7.2%Wind Wind-20%-15%-10%-5%0%5%10%140001450015000155001600016500170001750022-0122-0222-0322-0422-0522-0622-0722-0822-0922-1022-1122-1223-0123-0223-0323-0423-0523-0623-0723-0823-0923-10-30%-20%-10%0%10%20%30%40%50%02000400060008000100001200014000160002018 2019 2020 2021 2022 2022Q3 2023Q3 180002300028000330003800043000340035003600370038003900400022-0122-0222-0322-0422-0522-0622-0722-0822-0922-1022-1122-1223-0123-0223-0323-0423-0523-0623-0723-0823-0923-10-35%-30%-25%-20%-15%-10%-5%0%5%10%01000200030004000500060007000800090002018 2019 2020 2021 2022 2022Q3 2023Q3 22 3 1 2023 1 7 24 8 18 8 28 15 9 15 0.25 5000 7.4%2 2023 GDP 5.0%70%88.95+13%5%2023 1.03 1%/1.86%1.66/A 3.9%1908 IPO 3741 7000 11.4 3.5%5.4 1.3%10.8 5 2018 2019 2020 2021 2022 2023E-26%34%35%4%-22%-5%2,011,744 2,732,465 4,394,728 5,525,936 4,953,419 4,996,135 4,139 5,599 9,043 11,370 10,234 10,337 9,140 9,116 12,956 17,678 16,185 16,509 4,717 4,311 3,009 2,279 2,051 1,908 3,576 3,777 4,154 4,678 5,079 5,389 23 IPO 1,378 3,011 5,260 5,351 5,869 3,741 10,729 5,163 7,315 9,576 7,844 7,000 53,556 105,765 135,400 152,300 104,555 113,688 26,102 32,238 38,175 48,100 52,300 54,131 133,569 122,900 105,100 108,800 109,000 107,581 wind 2023 1234-4%513-22%285+3%562-11%1118+84%2023 4237 7%1568 10%ROE 5.40%0.09pct 6 2018 2019 2020 2021 2022 2023E 666 829 1301 1557 1286 1234-4%373 469 673 703 659 513-22%266 288 314 301 276 285 3%213 469 583 653 633 562-11%799 1226 1256 1357 608 1118 84%346 324 359 452 487 526 8%2663 3605 4485 5024 3950 4237 7%666 1231 1575 1911 1423 1568 10%ROE 3.56%6.30%7.28%7.83%5.31%5.40%0.09%wind 2 2024 1 10 30 11 3 ROE 2024 2024 2024 2024 2 2023 2024 10%1.12+8%/1.81%1.82/A 3.7%1925 IPO 3786 9357 12.8 24 11.2 6%5.7 7 2018 2019 2020 2021 2022 2023E 2024E-26%34%35%4%-22%-5%10%2,011,744 2,732,465 4,394,728 5,525,936 4,953,419 4,996,135 5,457,184 4,139 5,599 9,043 11,370 10,234 10,337 11,164 9,140 9,116 12,956 17,678 16,185 16,509 18,160 4,717 4,311 3,009 2,279 2,051 1,908 1,925 3,576 3,777 4,154 4,678 5,079 5,389 5,730 IPO 1,378 3,011 5,260 5,351 5,869 3,741 3,786 10,729 5,163 7,315 9,576 7,844 7,000 9,357 53,556 105,765 135,400 152,300 104,555 113,688 127,930 26,102 32,238 38,175 48,100 52,300 54,131 57,108 133,569 122,900 105,100 108,800 109,000 107,581 111,641 wind 2024 1318+7%563+10%293+3%615+9%1363+22%2024 4720 11%1803 15%ROE 5.84%0.43pct 8 2018 2019 2020 2021 2022 2023E 2024E 666 829 1301 1557 1286 1234 1318 7%373 469 673 703 659 513 563 10%266 288 314 301 276 285 293 3%213 469 583 653 633 562 615 9%799 1226 1256 1357 608 1118 1363 22%346 324 359 452 487 526 568 8%2663 3605 4485 5024 3950 4237 4720 11%666 1231 1575 1911 1423 1568 1803 15%ROE 3.56%6.30%7.28%7.83%5.31%5.40%5.84%0.43%wind 25 1 9 14 7 24 11 3 ROE 2023 1568 10%23Q3 0.77%3.26%11 22 PB 5 23.92%1 458-8%164-0.93%ROE 8.25%-0.81pct 4.36+0.04 2 3 23/24/25 235/264/316 10%/12%/20%1 23Q3 35.14-6%2 25.49+22%+215%3 4 23/24/25 68/85/102-11%/+26%/+20%1 2023 272.29 15%95.86 23%ROE 8.20%1.07pct 4.21 0.29 2 31.49 21%23Q3 5158.82 3%76.75 73%3 23/24/25 136/163/202 23%/20%/24%26 1 2023 25.07 22%7.27 13%ROE5.6%+0.43pct 4.47 0.91 2+2.93+121%3 23/24/25 9.2/12.5/16.6 20%/36%/32%AI 1 2023 84.88 11%62.09 6%ROE12.21%3.05pct 23Q3 73%4.2pct 2 16.04+62%707.41+12%3 23/24/25 88.8/96.7/110.8 4%/9%/15%2 27 6-12 A 300 500 20%5-20%5%5%
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