红利的终点在哪

目录市场周观察 3宏观流动性 9微观流动性 10流入端 12流出端 17图表目录图1：2006-2014年红利债呈负相关 3图2：2015-至今红利和债呈正相关 3图3：2015-至今红利占优行情通常为市场下期 4图4：中证红利数的业权重集中度 5图5：滚动3年的中证利指数市盈率和股率动 8图6：滚动5年的中证利指数市盈率和股率动 8图7：当前经济长中低于中证红利指数股率 9图8：国债收益和DR007变化 10图9：中美利差沪深300 10图10：换手率分位数变动 10图陆股通周净买入 13图12：陆股通周均成交额 13图13：新发基金周度份变化 14图14：偏股基金发行情绪 14图15：近四周基金份额动情况 14图16：偏股基金份额变情况 14图17：ETF份额情况 15图18：ETF近四周净申购 15图19：两融资金流入情况 16图20：两融资金成交情况 16图21：股权融资变化情况 18图22：本周解禁市值行分布 19图23：未来四周解禁市合计 19图24：减持市值变动情况 20表1：中证红利数行权重分布 5表2：万得全A指数权重分布 6表3：中证红利数相万得全A的行业权重分差 7表4：A股资金周度情况 表5：行业资金动情况 12表6：近四周陆通行流动情况 13表7：宽基指数ETF份额变动情况 15表8：主要行业主题ETF份额变动情况 15表9：近四周行融资流动情况 17表10：近4周IPO和定增的行业变化情况 18表近四周行业增减变动情况 20市场周观察201520152006-20142015-A20152015AA2015年之后，全A和红利呈明显的负相关，即当全A图1：2006-2014年红利和债呈负相关0.10.090.080.070.060.050.040.032005-01-042006-01-042005-01-042006-01-042007-01-042008-01-042009-01-042010-01-042011-01-042012-01-042013-01-042014-01-042015-01-042016-01-042017-01-042018-01-042019-01-042020-01-042021-01-042022-01-042023-01-042024-01-04

中证全债指数/万得全A 中证红利/万得全A右逆序

0.80.911.11.21.31.4数据来源：，WIND图2：2015-至今红利和债呈正相关0.10.090.08 0.060.050.040.032005-01-042006-01-042005-01-042006-01-042007-01-042008-01-042009-01-042010-01-042011-01-042012-01-042013-01-042014-01-042015-01-042016-01-042017-01-042018-01-042019-01-042020-01-042021-01-042022-01-042023-01-042024-01-04

中证全债指数/万得全A 中证红利/万得全A右

1.41.31.21.110.90.8数据来源：，WIND图3：2015-至今红利占优行情通常为市场下行期0

万得全A 中证红利/万得全A右逆序

0.80.911.11.21.32005/1/42006/1/42005/1/42006/1/42007/1/42008/1/42009/1/42010/1/42011/1/42012/1/42013/1/42014/1/42015/1/42016/1/42017/1/42018/1/42019/1/42020/1/42021/1/42022/1/42023/1/42024/1/4数据来源：，WIND-低-（2）于万得全A2009-2016年行业集中度TOP42017年-20202021TOP420184219因而偏离度的提升导致红利和万得全A表1：中证红利指数行业权重分布2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024交通运输钢铁传媒基础化工纺织服饰房地产建筑材料公用事业医药生物汽车石油石化建筑装饰非银金融机械设备家用电器商贸零售环保食品饮料轻工制造电力设备电子综合农林牧渔有色金属美容护理计算机社会服务通信国防军工

-12.0412.1021.39-6.201.113.490.787.352.6910.100.320.57-1.95-2.981.091.950.66-1.14-1.799.12-0.710.43--

21.9813.157.858.23-7.100.712.481.294.494.873.113.751.52-2.55-2.770.965.450.360.301.36-1.033.52-0.630.340.19-

20.4616.119.085.54-4.400.621.461.057.133.522.193.240.7810.081.720.160.600.865.001.04-1.44-0.731.73-0.650.270.12-

29.0810.995.693.54-1.970.322.900.745.342.993.744.172.3015.221.130.150.280.593.690.531.170.770.160.521.42-0.330.170.09-

15.214.707.582.59-2.953.047.052.676.344.799.962.322.351.784.83-1.551.962.894.962.653.680.42-2.21-0.57---

17.534.227.424.30-2.865.253.991.9611.353.227.271.963.831.144.263.254.731.812.862.491.372.56----0.34---

17.272.1610.252.71-3.475.466.092.4614.881.336.131.812.150.503.464.703.721.484.082.551.012.35--------

17.530.998.340.63-1.784.655.643.1014.590.868.672.333.374.163.144.531.141.446.930.902.731.75---0.79----

14.992.6610.211.91-0.754.309.222.0514.200.589.681.790.773.512.494.131.091.046.251.102.262.790.871.36------

10.612.3511.374.83-2.525.7914.692.616.573.0610.842.471.541.072.811.410.581.074.081.001.423.960.902.49------

9.341.9711.9211.850.973.925.0215.075.584.330.615.682.560.570.553.483.020.57-3.550.911.714.04-1.481.31-----

10.848.186.8610.072.664.951.8014.716.093.502.378.241.970.590.643.042.270.64-2.721.570.752.301.481.070.70-----

10.3910.527.766.052.394.585.4014.194.965.204.847.861.630.730.663.491.581.94-3.920.930.99---------

18.7510.4311.519.694.085.074.998.455.524.041.893.222.100.801.931.711.710.61-3.030.49----------

19.4617.8711.758.614.665.684.024.303.992.623.322.892.371.831.891.461.310.930.520.51-----------

20.0317.5912.358.415.105.094.123.793.772.842.842.772.711.771.691.561.471.130.560.42-----------数据来源：，WIND图4：中证红利指数的行业权重集中度CR3 CR5 CR78070605040302009201020112012201320142015201620172018201920202021202220232024数据来源：，WIND表2：万得全A指数行业权重分布2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024电子医药生物电力设备银行食品饮料非银金融机械设备计算机有色金属基础化工汽车公用事业交通运输家用电器国防军工通信建筑装饰传媒石油石化农林牧渔煤炭房地产商贸零售钢铁轻工制造建筑材料环保纺织服饰社会服务美容护理综合

2.094.912.3512.474.797.443.471.424.704.863.453.514.381.701.372.852.180.892.331.933.878.264.193.311.001.730.531.130.650.161.88

3.446.343.289.794.216.865.292.205.805.133.472.994.021.641.702.632.291.071.832.183.595.933.992.440.852.120.601.370.810.152.00

2.755.793.0311.934.957.045.192.404.904.983.443.113.971.711.682.822.411.401.842.173.186.123.312.160.902.010.681.380.840.201.66

2.605.952.5812.844.659.214.702.375.354.643.442.983.392.001.671.343.051.381.751.932.787.022.761.760.882.070.841.260.660.251.50

3.847.593.2610.243.878.385.014.563.664.683.532.833.232.582.051.772.682.761.622.041.575.792.821.201.091.751.181.270.800.291.62

3.336.153.1311.563.1412.045.174.033.604.453.273.273.472.072.361.663.322.281.381.681.265.962.641.470.961.631.071.160.780.171.53

4.796.833.758.252.887.805.775.873.265.303.352.973.392.012.562.132.943.621.051.920.816.262.691.141.421.471.321.641.020.151.65

4.926.673.618.673.427.845.634.863.495.553.502.852.912.692.332.093.373.331.152.380.915.682.551.241.431.631.241.560.900.131.45

5.557.133.489.314.848.834.564.623.685.163.572.693.093.161.982.123.033.031.111.961.035.222.101.431.311.631.241.130.780.121.12

4.697.483.1910.815.119.344.335.093.104.813.432.993.123.041.922.143.272.701.502.071.034.831.851.481.191.580.971.030.960.160.80

6.868.393.3310.326.5210.114.155.632.794.522.882.443.023.221.821.962.422.621.122.180.814.441.321.091.091.710.790.800.950.170.54

8.1510.135.497.709.248.594.805.503.035.033.251.982.453.132.361.541.652.080.652.130.662.661.020.911.021.640.650.601.280.260.43

8.989.2710.515.847.546.204.555.123.924.803.722.472.632.343.061.561.752.011.161.750.902.051.411.151.091.450.820.660.670.410.22

7.819.309.936.347.575.964.594.934.074.943.712.633.072.162.841.842.001.801.271.941.202.041.630.971.101.260.860.710.770.520.25

9.779.588.055.836.665.935.205.973.824.534.042.892.712.282.902.592.022.191.401.781.301.561.160.921.080.990.870.720.690.390.18

8.638.447.847.036.615.855.145.034.604.514.293.513.032.762.752.742.152.021.711.691.651.291.071.021.000.930.830.730.630.380.15数据来源：，WIND表3：中证红利指数相对万得全A的行业权重分布差2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024交通运输钢铁纺织服饰传媒建筑材料房地产石油石化基础化工商贸零售综合环保美容护理建筑装饰社会服务公用事业轻工制造家用电器汽车农林牧渔通信国防军工机械设备非银金融有色金属计算机医药生物食品饮料电力设备电子标准差

8.2-12.57.718.1-0.0-0.9-0.9-4.8-2.01.3-1.2-1.90.6-0.2-1.6-0.23.8-0.3-1.76.6-0.1-2.8-1.4-1.5-7.44.4-0.7-2.2-2.8-2.4-0.95.13

9.612.23.85.8-0.7-1.1-0.8-3.41.92.0-1.2-2.00.4-0.2-0.8-0.51.5-0.5-1.6-0.4-1.2-2.4-1.7-2.7-6.9-2.3-1.6-1.51.2-3.0-2.13.64

12.98.55.13.4-0.8-1.4-1.0-4.71.4-0.6-2.7-1.70.2-0.2-1.6-0.64.00.1-1.5-1.2-1.4-2.7-1.7-3.53.0-3.2-1.7-2.30.0-3.0-1.33.60

8.216.22.31.8-0.9-1.4-1.3-4.12.4-2.7-2.5-1.3-0.3-0.3-0.8-0.52.4-0.4-1.80.3-1.4-1.3-1.7-3.66.0-3.9-2.0-3.0-1.0-1.4-1.83.94

3.15.04.31.41.8-2.80.91.30.7-1.7-1.3-1.20.8-0.3-0.3-0.83.53.9-2.66.4-2.0-1.8-2.0-0.2-6.6-1.4-4.0-2.8-1.0-0.6-0.22.75

3.06.03.92.84.1-2.30.3-2.00.6-1.62.1-1.50.7-0.20.5-0.88.11.51.24.0-1.7-1.7-2.4-0.9-10.9-3.6-3.7-2.9-0.3-1.8-0.83.41

1.39.06.91.63.8-3.61.0-0.20.8-1.81.0-1.70.2-0.2-0.8-1.011.91.12.72.8-1.9-2.1-2.6-2.3-7.3-3.3-5.9-5.51.2-2.7-2.43.99

0.18.95.4-0.63.1-3.31.5-0.01.2-3.8-1.4-1.50.20.7-0.0-0.911.7-0.51.85.2-2.4-2.1-2.3-2.5-3.7-3.5-4.9-5.83.5-0.9-3.23.80

1.65.77.10.53.2-3.00.44.00.7-4.4-1.0-0.3-0.2-0.1-2.3-0.811.5-0.21.06.1-0.6-2.1-2.0-2.1-5.3-3.7-4.6-6.51.4-1.2-2.83.81

1.3-0.28.33.34.8-2.71.09.91.0-2.3-1.30.10.1-0.2-1.7-1.03.6-0.2-1.67.40.4-2.1-1.9-1.5-8.3-3.1-5.1-4.4-1.0-1.8-0.73.73

1.2-1.08.910.84.2-1.63.910.61.4-0.6-0.8-0.5-0.8-0.2-1.8-0.91.9-0.2-0.22.8-0.7-2.0-1.8-0.7-9.6-1.5-5.6-7.8-3.0-1.6-2.84.32

7.53.14.49.21.20.64.412.11.3-0.1-0.41.0-0.6-0.3-1.1-1.31.50.5-0.95.0-1.1-1.5-2.4-1.8-7.9-2.3-5.5-7.8-6.5-4.7-5.84.55

9.64.55.14.94.70.43.512.10.5-0.20.5-0.2-0.8-0.4-1.0-0.72.7-0.2-0.84.1-1.8-1.6-3.1-1.1-5.5-3.9-5.1-4.4-3.6-9.5-9.04.63

9.212.48.48.74.32.34.36.40.80.1-1.0-0.3-0.9-0.5-1.2-0.81.4-0.6-0.5-0.5-1.9-1.8-2.8-2.9-4.0-4.1-4.9-7.4-4.5-9.9-7.85.06

16.613.69.07.73.32.53.02.71.01.1-0.2-0.2-0.3-0.4-0.2-0.7-0.3-1.1-1.0-1.1-1.8-2.6-2.9-3.7-4.0-3.8-6.0-6.3-6.2-8.0-9.85.62

15.913.09.37.43.43.12.82.51.00.60.1-0.2-0.3-0.4-0.4-0.6-0.7-1.0-1.3-1.5-1.7-2.7-2.8-3.6-4.2-4.6-5.0-5.6-6.2-7.8-8.65.41数据来源：，WIND红利指数市盈率的高低并不能决定红利行情，经济增长中枢影响红利行情的持续性。394.6%201790%=PE（3）GDP5%20225%/P12P5.06%20246.17%图5：滚动3年的中证红利指数市盈率和股息率变动万得全A 中证红利/万得全A右逆

7,0007,0000市盈率分位股息率分位数滚动3年右逆序100%80%60%40%20%0%数滚动31.31.21.110.90.8数据来源：，WIND

0%20%40%60%80%100%图6：滚动5年的中证红利指数市盈率和股息率变动0%

市盈率分位数滚动5年 股息率分位数滚动5年右逆序

0%20%40%60%80%100%数据来源：，WIND图7：当前经济增长中枢低于中证红利指数的股息率中证红利股息率（近12个月） 中国:GDP:不变价:当季同比1086420万得全A 中证红7,0006,0005,0004,0003,0002,0001,0000数据来源：，WIND宏观流动性21.85%，185上升.4P23.1，-3.03%9.22BP图8：国债收益和DR007变化 图9：中美利差沪深300

中债国债到期收益率:2年-美国:国债收益率:2年沪深300指数点数据来源：，WIND 数据来源：，WIND图10：换手率分位数变动万得全A换手率分位数均值 中国:中债国债到期收益率:10年5/0115/011数据来源：，WIND微观流动性本周可观察AETF表4：A股资金周度变动情况分类上周本周流入端陆股通偏股型基金-新发偏股基金-股票型ETF融资融券合并-114.7-66.961.316.410.825.258.8-13.1-43.0-86.1-96.3-136.7股权融资0.00.0-IPO0.00.0流出端-定增0.00.0解禁减持合并500.1-8.0-8.0363.1-6.8-6.8数据来源：，WIND（基金单位为亿份，其余为亿元；减持为负表示增持）表5：行业资金变动情况数据来源：，WIND（注：ETF单位为亿份，其余为亿元，特殊标注为无对应行业分类的ETF）流入端66.114.8亿149882上周121.54亿（11.63亿（7.84亿（7.26亿（2203（8.31亿（-10.40亿。（32.4亿（20.3亿（9.9亿（-24.3（-23.7（-20.9。图陆股通周净买入 图12：陆股通周均成交额0

沪股通净买入亿元 深股通净买入亿陆股通净买入亿元

0

沪股通周成交金额亿元 深股通周成交金额亿元2020-05-22 2021-05-22 2022-05-22 2023-05-22 2020-05-22 2021-05-22 2022-05-22 2023-05-22数据来源：，WIND 数据来源：，WIND表6：近四周陆股通行业流动情况申万一级 20240329 20240403 20240412 20240419 近四周合计 趋势图银行30.6-1.8 -4.27.832.4有色金属6.95.9-17.133.8-3.24.720.3建筑装饰5.4-6.19.99.8基础化工-1.012.5-2.8 1.1机械设备0.3 5.0-5.76.2 5.8轻工制造1.1 1.5 0.0 2.75.3纺织服饰0.2 -1.0 1.7 1.2 2.1公用事业7.0 7.6-5.2-7.2 2.1钢铁-2.5 6.9 -1.2 -1.5 1.7-0.9 0.2 0.8 1.5 1.5环保国防军工3.5 3.6-6.1-0.4 0.5美容护理-1.9 -0.8 -0.7 2.9 -0.5-0.1 -0.2 -0.4 0.1 -0.6综合农林牧渔1.4 -1.8 2.2 -4.2 -2.7 0.4 -1.8 0.7-0.9 -1.9 -2.9 1.2-2.5-3.4-4.5-5.2-5.4社会服务房地产非银金融-1.0 -0.4 -11.17.3汽车8.5-4.0-2.0-7.9石油石化0.6 0.1-2.1 2.52.5 0.5-3.4 -4.5-4.6 -5.0-7.3交通运输-9.2-9.4-9.8-10.3家用电器-8.7-3.8煤炭-0.8-3.4 -4.0-1.72.5食品饮料16.6-3.3-26.0电子7.8-15.615.9-22.0-14.0-14.9-15.7-15.9电力设备-4.05.32.0-18.3建筑材料-2.50.8-0.3-7.2 -6.8医药生物-11.7-15.611.6通信3.4-7.7-10.9-4.6-4.8-19.9-20.9计算机-1.1 0.0-1.4 1.0-15.0商贸零售-12.8-10.4-23.7-24.3传媒-9.0-5.9 -5.8-3.7数据来源：，WIND437.5425.165.8%（10.44.84月偏17.28（325.01月为18.33本周公募基金总份额为26.66万亿份，环比上周增加553.21亿份，其中偏股型基金5.89万亿增加16.35亿份、偏债型基金9.00万亿份增加527.66亿份。图13：新发基金周度份变化 图14：偏股基金发行情绪0

偏股基金亿份 偏债基金亿份 其他

平均认购时间天 募资额/募集目标右50 40 100%30 80%20 40%10 20%0 0% 数据来源：，WIND 数据来源：，WIND图15：近四周基金份额动情况 图16：偏股基金份额变情况10000

基金份额变动2024/03/29 2024/04/03 2024/04/12 2024/04/19

60,00056,00054,00052,000

偏股型基金份额 收盘价

3,8003,6003,4003,2003,0002,8002021/09/10 2022/09/10 2023/09/10数据来源：，iFIND 数据来源：，iFINDE本周EF0.8EF14600；ETFA5（10517.2.40.7CIA5（7.37亿，3.025（6.85亿，0.41（6.2075。TF1.60.5（9.57.7（.820.7（6.7亿，0.6534亿，.36。图17：ETF份额情况 图近四周净申购ETF份额（亿份）股票型 债券型 商品型 货币型 跨境型25,00020,00015,00010,0005,00002020/1/1 2021/1/1 2022/1/1 2023/1/1

500

ETF份净申购（亿份）2024/3/29 2024/4/3 2024/4/12数据来源：，WIND 数据来源：，WIND表7：宽基指数ETF份额变动情况宽基指数2024/3/29份额（亿份）2024/4/3 2024/4/122024/4/192024/3/29变动2024/4/3 2024/4/122024/4/19上证50504.24509.20503.41504.97-0.75%0.98%-1.14%0.31%中证500353.80349.63343.24343.02-0.31%-1.18%-1.83%-0.06%中证1000298.02292.66285.15287.18-3.16%-1.80%-2.57%0.71%创业板指854.90849.99860.39853.97-2.42%-0.57%1.22%-0.75%沪深3002136.662138.602120.962121.800.61%0.09%-0.82%0.04%科创501663.591667.911679.431672.570.04%0.26%0.69%-0.41%科创创业50513.06511.42511.86511.19-0.09%-0.32%0.09%-0.13%MSCI中国A50247.03245.14243.89236.53-0.41%-0.77%-0.51%-3.02%中证A50137.96130.62139.82150.335.32%-5.32%7.04%7.52%数据来源：，WIND表8：主要行业/主题ETF份额变动情况行业/主题ETF份额（亿份）2024/3/29 2024/4/3 2024/4/12 2024/4/19ETF变动2024/3/29 2024/4/3 2024/4/12 2024/4/19有色金属122.53126.51128.45 128.21-0.72%3.25%1.53%-0.19%电力设备203.76140.15199.95199.06197.44137.57-0.44%-1.87%-0.45%-0.43%-0.81%新能车138.20135.38137.61-1.29% -1.39%-0.03%新能电池134.99136.76136.17-0.05% 0.29%1.02%-0.43%新能源144.26149.29143.02142.43142.19146.36-1.04% -0.86%-0.42%-0.48%-0.16%碳中和148.19147.48-0.33%-0.74%-0.76%消费157.81157.59156.281834.40145.11153.48-2.22%-0.14%-0.83%-1.79%医药生物1807.91140.131819.00142.491846.26147.150.39% 0.61% 0.85% 0.65%农林牧渔3.67%1.68% 1.84%1.41%食品饮料269.82270.95269.97268.89-0.98%0.42%-0.36% -0.40%TMT303.96165.02143.41982.59309.52310.28171.92307.08168.930.35%1.83%0.24%-0.19%-1.03%计算机172.252.41%4.38%-1.74%传媒143.29149.09150.124.10%-0.08%4.05%0.69%电子988.43995.08988.610.62% 0.59% 0.67%-0.65%国防军工258.90258.61260.72257.18-0.72%-0.11%-0.31%0.82%-1.36%国企351.05349.97351.09356.04358.04891.100.02%0.32%1.41%红利339.36340.75348.471.27%0.41%2.26%2.75%非银金融873.36870.92884.271.85%1.72%-0.28%1.53%0.77%银行124.86123.69118.81115.36-0.94%-3.95%-2.91%数据来源：，WIND（本表仅列举份额较高的行业或主题ETF，其中部分主题ETF跟踪指数涵盖不同的申万一级行业，而根据实际进行划分）融资融券：86.35.06亿7.68亿，10715.29亿7385上周6665156上周15.6亿（10.3（7.5亿（6.1亿（19.8亿（6.7亿（-14.8亿。（96.0亿（9.3（8.6亿717亿（7.8亿（-43.2亿。图19：两融资金流入情况 图20：两融资金成交情况0

融资净流入 融券净流入两融净流入

19001400900400-100

周均融资买入额 周均融券卖出额数据来源：，WIND 数据来源：，WIND表9：近四周行业融资净流动情况申万一级 20240329202404032024041220240419近四周合计 趋势图有色金属0.531.556.57.596.0食品饮料2.2 -1.0 -4.4 9.3-5.8 3.8 0.3 8.61.7 -5.4 1.3 7.61.5 0.4 1.3 3.9 7.13.9 1.9 2.7 -2.5 6.01.6 0.7 2.4 -0.4 4.4-3.3 0.3 -0.1 6.1 3.1-0.4 -0.3 -0.5 0.8 -0.3-0.6 -0.6 0.9 -0.2 -0.52.1 -0.9 1.6 -3.7 -0.9-0.7 0.3 -0.8 -0.1 -1.45.8 -1.2 -3.7 -3.4 -2.5-0.7 -1.1 0.1 -0.8 -2.5-1.5 -0.4 0.2 -2.1 -3.8-4.9 -2.8 -0.8 4.3 -4.1公用事业国防军工交通运输社会服务商贸零售石油石化环保综合农林牧渔美容护理基础化工纺织服饰轻工制造建筑装饰建筑材料-1.6 -3.3 -0.5 -0.40.4 -2.9 -1.1 -4.9-7.7 -0.3 -2.2 1.7-0.1 -0.2 -5.3 -5.5-5.8-8.4-8.5-11.0钢铁家用电器房地产汽车-16.40.7 -1.2 0.7电力设备3.9 2.5 -4.7 -4.8 -8.2 -9.5 -1.6-1.6 -6.7 -7.61.5 -6.2 3.0 -6.8 煤炭-24.1机械设备-28.7传媒医药生物银行-15.1-7.4 -5.4 -7.2非银金融-3.9 -15.6-8.9电子-12.6-9.810.7-26.4-43.2通信-17.0-47.8计算机-22.1-21.6-71.7数据来源：，WIND流出端股权融资（：OO图21：股权融资变化情况数据来源：，WIND表10：近4周IPO和定增的行业变化情况2024/3/292024/4/3IPO2024/4/122024/4/19合计2024/3/292024/4/3定增2024/4/122024/4/19合计石油石化----------钢铁----------煤炭----------基础化工-----8.75---8.75有色金属----------机械设备1.78---1.786.00---6.00电力设备8.00---8.00-----国防军工----------汽车-3.94--3.94-11.83--11.83家用电器----------纺织服饰----------轻工制造----------食品饮料----------农林牧渔----------医药生物------3.86--3.86商贸零售----------社会服务----------美容护理----------计算机----------传媒----------通信----------电子5.96---5.96-8.50--8.50环保----------公用事业----------交通运输----------建筑材料----------建筑装饰-----8.76---8.76房地产----------银行----------非银金融----------综合----------数据来源：，WIND（注：部分上市企业未划定申万行业分类，故与整体统计有偏差）115.360.80%子67.25亿占比0.16