电新板块整体持仓环比下降。从中信一级行业分类来看，截至2023Q1 中信 电新行业基金持仓比重为12.04%，环比-1.77Pcts，同比-1.44Pcts；中信电新行 业市值在A 股总市值的比重为6.62%，环比-0.77Pcts，同比-0.60Pcts。考虑到 行业分类的一些误差，我们针对电新行业的304 只自选股进行统计，结果显示截 至2023Q1，304 只电新股基金持仓占比为15.86%，环比-2.21Pcts，同比- 4.00Pcts；电新股市值在A 股总市值的比重为9.35%，环比-0.70Pcts，同比- 0.95Pcts。

1 电新板块整体持仓环比下降 ...................................................................................................................................... 3

2 电新子板块持仓分析：新能源发电环比降幅较大，新能车同比调整幅度最深 ............................................................. 6

3 投资建议 .............................................................................................................................................................. 10

3.1 新能源汽车 ........................................................................................................................................................................................ 10

3.2 新能源发电 ........................................................................................................................................................................................ 10

3.3 电力设备与工控 ................................................................................................................................................................................ 11

4 风险提示 .............................................................................................................................................................. 13

插图目录 .................................................................................................................................................................. 14

表格目录 .................................................................................................................................................................. 14