南华指数2025年半年度展望：荆途未平，步履且坚

2025 CPIPPI8.5%17.3%6.3%AI 60~72/ 20111290 Z0021236 1.2025.....................................................................12.2025.............................................................83.2025...................................................................144.20 1.1................................................................................ 11.1.................................................................. 21.22025..................................................... 41.3...................................................................... 41.4......................................................................... 51.5......................................................................... 51.62025........................................................ 61.7...................................................................... 72.1...................................................................................................... 92.2......................................................................................... 102.3......................................................................................... 122.4.................................................................................................... 133.1........................................................................................................... 153.1:ETF.............................................................. 153.2:ETF.............................................................. 153.2........................................................................................................... 163.3....................................................................................................... 173.4............................................................................................. 19 1.2025 2.2025 Wind 3.2025 MySteel MySteel iFind MySteel 4. / “” 136310008400 8888 910www.nanhua.net603093