中信证券首次覆盖报告：龙头锚定全能生态，全球布局行稳致远

      -20%-15%-10%-5%0%5%10%15%20%25%沪深300中信证券A A2006546.459.29/20073.3425074.91/2015H11270.624.60/“”20208.1100%134.62022A+H101.5A/HA15.52224H3.4249273 546.459.29/ 2025Q32.03236912.64%8.52%2024637.896.19%217.0410.06%102025558.1532.7%231.5937.86% ++ 87.0316.4%32.627.1%2.43%56.6142.73 201716673 20241542411.1%13.43%20243432.4315.3%9089.827.99%201710%202422.25%201790.21%202458.93%19+ 202480.319.61%21.587.2%2025H12.852.1ETFREITs7492.85ETFREITs