的投資機(jī)會。我們對跟蹤不同指數(shù)的被動產(chǎn)品的規(guī)模進(jìn)行了統(tǒng)計，僅考慮ETF、普通場外指數(shù)基金以及202528LOF2025930202528100A56只，其中跟蹤規(guī)模前三的指數(shù)分別為滬深050008385318342億元。表1：被動產(chǎn)品跟蹤規(guī)模超過100億元的A股股票指數(shù)（截至20251128）跟蹤指數(shù)代碼跟蹤指數(shù)簡稱總規(guī)模(億元)發(fā)布機(jī)構(gòu)000300.SH滬深30011813.28中證指數(shù)有限公司000510.CSI中證A5001953.51中證指數(shù)有限公司000016.SH上證501883.42中證指數(shù)有限公司000905.SH中證5001730.12中證指數(shù)有限公司000688.SH科創(chuàng)501698.79中證指數(shù)有限公司000852.SH中證10001660.81中證指數(shù)有限公司399975.SZ證券公司1431.42中證指數(shù)有限公司399006.SZ創(chuàng)業(yè)板指1349.07深圳證券交易所000685.SH科創(chuàng)芯片544.12中證指數(shù)有限公司399997.SZ中證白酒473.30中證指數(shù)有限公司H30590.CSI機(jī)器人445.76中證指數(shù)有限公司399673.SZ創(chuàng)業(yè)板50410.28深圳證券交易所930713.CSICS人工智404.30中證指數(shù)有限公司980017.CNI國證芯片(CNI)378.47深圳證券信息有限公司H30269.CSI紅利低波359.12中證指數(shù)有限公司399986.SZ中證銀行348.49中證指數(shù)有限公司931151.CSI光伏產(chǎn)業(yè)347.43中證指數(shù)有限公司931643.CSI科創(chuàng)創(chuàng)業(yè)50340.09中證指數(shù)有限公司399967.SZ中證軍工313.41中證指數(shù)有限公司399989.SZ中證醫(yī)療302.35中證指數(shù)有限公司000922.CSI中證紅利260.46中證指數(shù)有限公司399987.SZ中證酒247.73中證指數(shù)有限公司000010.SH上證180245.01中證指數(shù)有限公司000813.CSI細(xì)分化工230.84中證指數(shù)有限公司000932.SH800消費226.49中證指數(shù)有限公司931152.CSICS創(chuàng)新藥225.90中證指數(shù)有限公司000698.SH科創(chuàng)100216.45中證指數(shù)有限公司H30184.CSI中證全指半導(dǎo)體210.49中證指數(shù)有限公司980022.CNI機(jī)器人產(chǎn)業(yè)209.62深圳證券信息有限公司950180.CSI科創(chuàng)AI203.19中證指數(shù)有限公司931719.CSICS電池202.75中證指數(shù)有限公司399976.SZCS新能車191.57中證指數(shù)有限公司930050.CSI中證A50187.12中證指數(shù)有限公司980032.CNI新能電池180.80深圳證券信息有限公司000015.SH紅利指數(shù)176.83中證指數(shù)有限公司000913.SH300醫(yī)藥172.27中證指數(shù)有限公司H30035.CSI300非銀163.15中證指數(shù)有限公司000819.SH有色金屬156.72中證指數(shù)有限公司930955.CSI紅利低波100146.90中證指數(shù)有限公司930901.CSI動漫游戲146.71中證指數(shù)有限公司930986.CSI金融科技145.48中證指數(shù)有限公司000860.CSI結(jié)構(gòu)調(diào)整143.62中證指數(shù)有限公司399330.SZ深證100138.67深圳證券交易所931066.CSI軍工龍頭137.75中證指數(shù)有限公司930598.CSI稀土產(chǎn)業(yè)134.92中證指數(shù)有限公司399441.SZ生物醫(yī)藥134.38深圳證券信息有限公司980092.CNI自由現(xiàn)金流125.94深圳證券信息有限公司931160.CSI通信設(shè)備124.19中證指數(shù)有限公司399998.SZ中證煤炭123.18中證指數(shù)有限公司930997.CSI新能源車119.25中證指數(shù)有限公司899050.BJ北證50113.17北京證券交易所931743.CSI半導(dǎo)體材料設(shè)備108.03中證指數(shù)有限公司000680.SH科創(chuàng)綜指107.88中證指數(shù)有限公司990001.CSI中華半導(dǎo)體芯片104.09中華證券交易服務(wù)有限公司000001.SH上證指數(shù)101.36中證指數(shù)有限公司930707.CSI中證畜牧101.35中證指數(shù)有限公司指數(shù)成分股調(diào)整沖擊測算在對指數(shù)成分股調(diào)整沖擊進(jìn)行測算時，有如下處理細(xì)節(jié)：100月底指數(shù)公司實際公布的成分股權(quán)重，月底的成分股自由流通市值進(jìn)行測算，值得注意的是，（N大樣本等）設(shè)置了一定權(quán)重上限，我們在測算時均予以相應(yīng)處理。15%2025年15%，指數(shù)定期調(diào)整時權(quán)重的再平衡亦會對個股造成沖擊，因而我們在測算時對權(quán)重變化帶來的沖擊予以考慮。（包括調(diào)入調(diào)出或權(quán)重變化????????_????Σ?????ft?=? ? ??????_???????????_???548.65、47.91、34.87億元。表2：預(yù)計凈買入規(guī)模超過5億元的股票（截至20251128）股票代碼股票簡稱中信一級行業(yè)預(yù)計買入規(guī)模(億元)預(yù)計賣出規(guī)模(億元)預(yù)計凈調(diào)整規(guī)模(億元)近兩周日均成交額(億元)沖擊系數(shù)300476.SZ勝宏科技電子84.8636.2148.6585.730.57002384.SZ東山精密電子48.000.0947.9136.681.31002625.SZ光啟技術(shù)國防軍工35.280.4134.8710.343.37601689.SH拓普集團(tuán)汽車35.540.7934.7515.602.23603019.SH中科曙光計算機(jī)35.861.7934.0734.830.98600522.SH中天科技通信25.1525.157.883.19002594.SZ比亞迪汽車26.992.5224.4728.780.85688313.SH仕佳光子通信20.120.0020.1221.250.95600111.SH北方稀土有色金屬23.384.1319.2533.390.58600930.SH華電新能電力及公用事業(yè)18.2318.234.474.08688220.SH翱捷科技-U電子21.464.6216.845.353.15002050.SZ三花智控家電17.541.7315.8160.750.26002157.SZ正邦科技農(nóng)林牧漁15.6315.632.865.47600104.SH上汽集團(tuán)汽車16.231.0815.156.632.29601211.SH國泰海通非銀行金融16.801.7515.0513.851.09600938.SH中國海油石油石化15.930.9614.9711.231.33300255.SZ常山藥業(yè)醫(yī)藥14.4214.4212.801.13300803.SZ指南針計算機(jī)24.3910.4313.9622.060.63603893.SH瑞芯微電子20.737.5813.1518.940.69688981.SH中芯國際電子16.514.1212.3949.720.25000651.SZ格力電器家電13.711.6812.0313.360.90688702.SH盛科通信-U電子15.273.5711.704.102.85300866.SZ安克創(chuàng)新電子11.720.4411.285.122.20600256.SH廣匯能源石油石化11.150.0211.133.623.07600566.SH濟(jì)川藥業(yè)醫(yī)藥10.6210.622.304.61002230.SZ科大訊飛計算機(jī)11.341.0810.2616.510.62300548.SZ長芯博創(chuàng)通信9.629.6245.500.21688521.SH芯原股份電子21.6612.089.5725.130.38002600.SZ領(lǐng)益智造電子10.480.989.5015.110.63600750.SH江中藥業(yè)醫(yī)藥9.379.371.118.44300953.SZ震?？萍紮C(jī)械8.090.157.945.121.55000001.SZ平安銀行銀行8.420.967.4612.850.58688382.SH益方生物-U醫(yī)藥7.360.007.363.362.19600803.SH新奧股份電力及公用事業(yè)7.500.157.352.972.48600757.SH長江傳媒傳媒7.287.281.066.84600873.SH梅花生物基礎(chǔ)化工8.020.757.282.972.45601369.SH陜鼓動力機(jī)械7.4036.99002839.SZ張家港行銀行7.080.017.071.345.28000708.SZ中信特鋼鋼鐵7.110.087.032.702.60300251.SZ光線傳媒傳媒11.824.836.995.211.34601018.SH寧波港交通運輸7.050.086.961.813.85002131.SZ利歐股份傳媒6.920.026.9029.510.23002402.SZ和而泰電子16.439.656.7839.610.17600863.SH內(nèi)蒙華電電力及公用事業(yè)7.280.616.672.432.74688068.SH熱景生物醫(yī)藥6.526.523.311.97601916.SH浙商銀行銀行6.860.366.505.661.15300760.SZ邁瑞醫(yī)療醫(yī)藥7.551.146.4114.220.45601928.SH鳳凰傳媒傳媒8.882.476.411.504.26002233.SZ塔牌集團(tuán)建材7.401.336.070.708.69000429.SZ粵高速A交通運輸6.820.766.061.035.91600030.SH中信證券非銀行金融8.782.865.9227.490.22601666.SH平煤股份煤炭5.930.035.901.633.61002128.SZ電投能源有色金屬5.820.035.795.291.09601001.SH晉控煤業(yè)煤炭5.790.035.763.111.85002139.SZ拓邦股份電子6.140.445.691.743.26601919.SH中遠(yuǎn)?？亟煌ㄟ\輸6.811.275.549.060.61300065.SZ海蘭信國防軍工5.425.427.750.70300972.SZ萬辰集團(tuán)農(nóng)林牧漁8.583.32600546.SH山煤國際煤炭5.200.025.182.322.24300432.SZ富臨精工汽車8.783.625.1611.700.44300409.SZ道氏技術(shù)基礎(chǔ)化工30.85600036.SH銀行10.405.375.0325.500.20沖擊系數(shù)大于2的股票如下，其中塔牌集團(tuán)、江中藥業(yè)、陜鼓動力等股票預(yù)計沖擊較大，沖擊系數(shù)分別為8.69、8.44、6.99。表3：沖擊系數(shù)大于2的股票（截至20251128）股票代碼股票簡稱中信一級行業(yè) 預(yù)計買入規(guī)模(億元) 預(yù)計賣出規(guī)模(億元)預(yù)計凈調(diào)整規(guī)模(億元)近兩周日均成交額(億元)沖擊系數(shù)002233.SZ塔牌集團(tuán)建材7.401.336.070.708.69600750.SH江中藥業(yè)醫(yī)藥9.379.371.118.44601369.SH陜鼓動力機(jī)械7.4036.99600502.SH安徽建工建筑4.960.164.800.706.87600757.SH長江傳媒傳媒7.287.281.066.84000429.SZ粵高速A交通運輸6.820.766.061.035.91002157.SZ正邦科技農(nóng)林牧漁15.6315.632.865.47600461.SH洪城環(huán)境電力及公用事業(yè)7.392.934.460.835.39002839.SZ張家港行銀行7.080.017.071.345.28920029.BJ開發(fā)科技機(jī)械2.572.570.544.73600566.SH濟(jì)川藥業(yè)醫(yī)藥10.6210.622.304.61601928.SH鳳凰傳媒傳媒8.882.476.411.504.26600930.SH華電新能電力及公用事業(yè)18.2318.234.474.08603967.SH中創(chuàng)物流交通運輸1.300.011.290.333.94601018.SH寧波港交通運輸7.050.086.961.813.85601666.SH平煤股份煤炭5.930.035.901.633.61002698.SZ博實股份機(jī)械3.593.591.033.47002625.SZ光啟技術(shù)國防軍工35.280.4134.8710.343.37600007.SH中國國貿(mào)房地產(chǎn)3.731.702.030.613.31002139.SZ拓邦股份電子6.140.445.691.743.26002737.SZ葵花藥業(yè)醫(yī)藥1.990.121.880.583.23600522.SH中天科技通信25.1525.157.883.19688220.SH翱捷科技-U電子21.464.6216.845.353.15600256.SH廣匯能源石油石化11.150.0211.133.623.07920438.BJ戈碧迦電子2.842.840.933.05600350.SH山東高速交通運輸3.060.422.640.873.03920593.BJ鼎智科技機(jī)械2.040.271.770.612.91688702.SH盛科通信-U電子15.273.5711.704.102.85600863.SH內(nèi)蒙華電電力及公用事業(yè)7.280.616.672.432.74000708.SZ中信特鋼鋼鐵7.110.087.032.702.60600803.SH新奧股份電力及公用事業(yè)7.500.157.352.972.48600873.SH梅花生物基礎(chǔ)化工8.020.757.282.972.45300972.SZ萬辰集團(tuán)農(nóng)林牧漁8.583.32600104.SH上汽集團(tuán)汽車16.231.0815.156.632.29002901.SZ大博醫(yī)療醫(yī)藥1.441.440.642.24600546.SH山煤國際煤炭5.200.025.182.322.24601689.SH拓普集團(tuán)汽車35.540.7934.7515.602.23300866.SZ安克創(chuàng)新電子11.720.4411.285.122.20688382.SH益方生物-U醫(yī)藥7.360.007.363.362.19920982.BJ錦波生物醫(yī)藥3.570.133.441.582.18920839.BJ萬通液壓機(jī)械52.17603589.SH口子窖食品飲料2.250.002.251.082.08688131.SH皓元醫(yī)藥醫(yī)藥3.493.491.722.03預(yù)計凈賣出規(guī)模超過5億元的股票如下，其中陽光電源、中際旭創(chuàng)、寒武紀(jì)等股票預(yù)計凈賣出規(guī)模較大，預(yù)計凈賣出規(guī)模分別達(dá)到56.79、38.98、31.25億元。表4：預(yù)計凈賣出規(guī)模超過5億元的股票（截至20251128）股票代碼股票簡稱中信一級行業(yè)預(yù)計買入規(guī)模(億元)預(yù)計賣出規(guī)模(億元)預(yù)計凈調(diào)整規(guī)模(億元)近兩周日均成交額(億元)沖擊系數(shù)300274.SZ陽光電源電力設(shè)備及新能源0.3057.09-56.79118.53-0.48300308.SZ中際旭創(chuàng)通信8.7747.75-38.98194.59-0.20688256.SH寒武紀(jì)-U電子2.2633.51-31.2583.37-0.37603259.SH藥明康德醫(yī)藥0.4126.06-25.6529.92-0.86688041.SH海光信息電子5.5830.27-24.6943.18-0.57600941.SH中國移動通信1.4823.00-21.5211.58-1.86601766.SH中國中車機(jī)械0.0020.53-20.535.72-3.59300750.SZ寧德時代電力設(shè)備及新能源3.4622.01-18.55109.18-0.17688008.SH瀾起科技電子6.1523.37-17.2225.85-0.67688012.SH中微公司電子0.8816.57-15.6931.12-0.50600282.SH南鋼股份鋼鐵0.0315.40-15.371.70-9.02601225.SH陜西煤業(yè)煤炭1.1615.75-14.596.12-2.38600919.SH江蘇銀行銀行1.3615.85-14.4910.78-1.34002129.SZTCL中環(huán)電力設(shè)備及新能源0.9814.91-13.9312.54-1.11000568.SZ瀘州老窖食品飲料0.0913.58-13.4910.03-1.35000988.SZ華工科技通信1.4014.54-13.1328.04-0.47601600.SH中國鋁業(yè)有色金屬7.9320.53-12.6034.61-0.36601166.SH興業(yè)銀行銀行2.7214.79-12.0715.26-0.79600048.SH保利發(fā)展房地產(chǎn)0.0611.96-11.918.95-1.33300390.SZ天華新能基礎(chǔ)化工0.299.96-9.6746.27-0.21600000.SH浦發(fā)銀行銀行0.829.95-9.139.82-0.93002180.SZ納思達(dá)電子9.10-9.102.86-3.18002027.SZ分眾傳媒傳媒8.31-8.317.49-1.11688072.SH拓荊科技電子1.509.79-8.3018.58-0.45603993.SH洛陽鉬業(yè)有色金屬0.007.97-7.9626.83-0.30600177.SH雅戈爾紡織服裝0.808.65-7.861.35-5.82002540.SZ亞太科技有色金屬1.308.88-7.581.59-4.76601288.SH農(nóng)業(yè)銀行銀行8.3815.95-7.5823.51-0.32600809.SH山西汾酒食品飲料0.477.87-7.398.26-0.90600039.SH四川路橋建筑3.4610.48-7.021.73-4.05601006.SH大秦鐵路交通運輸2.279.25-6.975.32-1.31600839.SH四川長虹家電0.006.93-6.937.63-0.91300059.SZ東方財富非銀行金融0.277.18-6.9145.42-0.15601899.SH紫金礦業(yè)有色金屬0.006.88-6.8850.02-0.14600377.SH寧滬高速交通運輸0.006.80-6.800.98-6.93601825.SH滬農(nóng)商行銀行0.357.08-6.732.12-3.17002048.SZ寧波華翔汽車0.016.62-6.604.36-1.51688363.SH華熙生物醫(yī)藥1.888.34-6.461.08-5.97600895.SH張江高科房地產(chǎn)0.006.34-6.3428.52-0.22601009.SH南京銀行銀行0.797.03-6.235.18-1.20600332.SH白云山醫(yī)藥5.0311.22-6.192.31-2.68300502.SZ新易盛通信9.0415.19-6.14145.34-0.04600548.SH深高速交通運輸6.09-6.090.39-15.65002543.SZ萬和電氣家電0.006.00-6.000.45-13.30000066.SZ中國長城計算機(jī)5.89-5.896.47-0.91688599.SH天合光能電力設(shè)備及新能源6.2112.08-5.879.66-0.61600276.SH恒瑞醫(yī)藥醫(yī)藥0.506.36-5.8718.14-0.32600406.SH國電南瑞電力設(shè)備及新能源0.005.67-5.678.77-0.65600019.SH寶鋼股份鋼鐵4.319.88-5.576.10-0.91688559.SH海目星機(jī)械0.095.60-5.527.80-0.71688563.SH航材股份國防軍工1.396.80-5.410.84-6.44601216.SH君正集團(tuán)基礎(chǔ)化工0.415.80-5.392.90-1.86002185.SZ華天科技電子0.065.44-5.385.64-0.95002032.SZ蘇泊爾家電1.626.97-5.360.96-5.60601939.SH建設(shè)銀行銀行2.677.98-5.3111.76-0.45000937.SZ冀中能源煤炭0.005.21-5.210.92-5.66000625.SZ長安汽車汽車0.055.22-5.166.10-0.85600153.SH建發(fā)股份交通運輸2.577.62-5.042.91-1.73300486.SZ東杰智能機(jī)械5.00-5.003.27-1.53沖擊系數(shù)小于-2-15.65、-13.30、-10.52。表5：沖擊系數(shù)小于-2的股票（截至20251128）股票代碼股票簡稱中信一級行業(yè)預(yù)計買入規(guī)模(億元)預(yù)計賣出規(guī)模(億元)預(yù)計凈調(diào)整規(guī)模(億元)近兩周日均成交額(億元)沖擊系數(shù)600548.SH深高速交通運輸6.09-6.090.39-15.65002543.SZ萬和電氣家電0.006.00-6.000.45-13.30002646.SZ天佑德酒食品飲料3.76-3.760.36-10.52600282.SH南鋼股份鋼鐵0.0315.40-15.371.70-9.02605377.SH華旺科技輕工制造4.67-4.670.53-8.83002867.SZ周大生商貿(mào)零售1.236.20-4.970.62-8.03600377.SH寧滬高速交通運輸0.006.80-6.800.98-6.93688563.SH航材股份國防軍工1.396.80-5.410.84-6.44600729.SH重慶百貨商貿(mào)零售0.004.75-4.740.78-6.10688363.SH華熙生物醫(yī)藥1.888.34-6.461.08-5.97600177.SH雅戈爾紡織服裝0.808.65-7.861.35-5.82000937.SZ冀中能源煤炭0.005.21-5.210.92-5.66002032.SZ蘇泊爾家電1.626.97-5.360.96-5.60688606.SH奧泰生物醫(yī)藥1.25-1.250.23-5.35603519.SH立霸股份基礎(chǔ)化工0.001.60-1.600.30-5.30002540.SZ亞太科技有色金屬1.308.88-7.581.59-4.76688305.SH科德數(shù)控機(jī)械0.022.90-2.890.63-4.55605368.SH藍(lán)天燃?xì)怆娏肮檬聵I(yè)0.001.77-1.770.39-4.54688366.SH昊海生科醫(yī)藥1.56-1.560.35-4.49600039.SH四川路橋建筑3.4610.48-7.021.73-4.05688575.SH亞輝龍醫(yī)藥0.022.84-2.820.77-3.67601766.SH中國中車機(jī)械0.0020.53-20.535.72-3.59600997.SH開灤股份煤炭0.002.12-2.120.60-3.57920985.BJ海泰新能電力設(shè)備及新能源1.14-1.140.33-3.43000012.SZ南玻A建材0.012.73-2.720.81-3.37002327.SZ富安娜紡織服裝1.66-1.660.50-3.31003028.SZ振邦智能家電0.82-0.820.25-3.25600587.SH新華醫(yī)療醫(yī)藥0.012.70-2.700.83-3.24002180.SZ納思達(dá)電子9.10-9.102.86-3.18601825.SH滬農(nóng)商行銀行0.357.08-6.732.12-3.17600971.SH恒源煤電煤炭0.012.62-2.610.84-3.10300406.SZ九強(qiáng)生物醫(yī)藥0.011.45-1.440.48-2.98601799.SH星宇股份汽車3.438.41-4.981.71-2.91603566.SH普萊柯農(nóng)