2021 年8 月16 日-8 月27 日间，申万非银金融指数上涨1.21%，在所有申万一级行业指数中位列第12位，跑赢沪深300 指数3.62 个百分点，强于大市。年初至8 月27 日，申万非银金融行业指数涨跌幅为-20.06%，大幅跑输沪深300 指数12.69 个百分点，在申万28 个一级行业中排名倒数第四。从年初至今的涨幅观察，有色金属、钢铁行业、电气设备等行业受益于景气度提升，行业涨幅位居前三，有色金融、钢铁行业、电气设备、采掘行业以及化工行业的指数涨幅均超过40%；而跌幅靠前的板块主要为家用电器、农林牧渔、食品饮料、非银金融等，或受估值影响，或是基本面不佳，表现弱于大市。

一、非银金融行业表现回暖 .......................................................................................................................................... 3
（一）报告期内非银指数明显跑赢大盘 ····························································································································· 3
（二）年初至今非银金融表现略回暖 ································································································································· 3
（三）非银金融板块市盈率、市净率仍处于低位 ············································································································· 4
（四）非银金融板块个股表现 ············································································································································· 5
二、行业要闻 ................................................................................................................................................................. 6
三、投资建议 ............................................................................................................................................................... 13
四、风险提示 ............................................................................................................................................................... 13