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2026-09-09 08:09:20
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2026-06-02 06:47:49
2026-09-09 08:09:20
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1
Technology
科技
Companies engaged in semiconductor R&D and manufacturing, electronic hardware and compute infrastructure, and system software, cloud computing, and artificial intelligence services.
致力于半导体研发制造、各类电子硬件与算力基础设施建设,以及提供系统软件、云计算与人工智能服务的企业。
1
null
system
null
{}
2026-06-02T06:47:49.810650Z
2026-06-02T06:47:49.810650Z
[{"id": 2, "name": "Semiconductors and Integrated Circuits", "name_alias": "半导体与集成电路", "description": "Companies across the semiconductor value chain, including chip design, fabrication, packaging, testing, equipment, and materials.", "description_alias": "涵盖芯片设计、制造、封测、设备及材料等半导体全产业链环节的企业。", "level": 2, "parent_id": 1, ...
null
29
Communication Services
通信服务
Companies providing global network transmission infrastructure, multimedia information distribution platforms, and digital entertainment and interactive media products.
提供全球网络传输管道服务、多媒体信息分发平台,以及数字娱乐内容和互动传媒产品的企业。
1
null
system
null
{}
2026-06-02T06:48:32.901195Z
2026-06-02T06:48:32.901195Z
[{"id": 30, "name": "Telecom Infrastructure", "name_alias": "通信基础设施", "description": "Companies providing global network transmission infrastructure including carrier services, communication cables, satellite internet, and IoT connectivity.", "description_alias": "提供运营商网络、通信线缆、卫星互联网及物联网连接等全球网络传输基础设施的企业。", "level": 2, "...
null
45
Consumer Cyclical
可选消费
Companies providing non-essential goods and services whose performance is closely tied to macroeconomic cycles, disposable income, and consumer confidence.
提供非生活绝对刚需的商品与服务,其业绩表现与宏观经济周期、居民可支配收入及消费者信心高度相关的企业。
1
null
system
null
{}
2026-06-02T06:48:56.651335Z
2026-06-02T06:48:56.651335Z
[{"id": 46, "name": "Automotive and Auto Parts", "name_alias": "汽车与汽车零部件", "description": "Companies across the automotive value chain including vehicle OEMs, parts suppliers, and auto sales and aftermarket services.", "description_alias": "涵盖整车制造、汽车零部件供应及汽车销售与后市场服务在内的汽车产业链企业。", "level": 2, "parent_id": 45, "sensitivit...
null
61
Consumer Defensive
必选消费
Companies providing food, beverages, agricultural products, and daily consumables essential to basic living, with high-frequency demand and strong defensive characteristics during economic downturns.
提供居民维持基础生活所必需的食品、饮料、农产品及日用消耗品,需求呈高频且对经济衰退具备强防御性的企业。
1
null
system
null
{}
2026-06-02T06:49:20.052697Z
2026-06-02T06:49:20.052697Z
[{"id": 62, "name": "Food and Beverage", "name_alias": "食品饮料", "description": "Companies producing and selling alcoholic and non-alcoholic beverages, dairy products, packaged foods, and processed meat products.", "description_alias": "酿造销售酒精饮料及软饮料、乳制品,并生产包装食品与肉类加工产品的企业。", "level": 2, "parent_id": 61, "sensitivity": "sy...
null
72
Healthcare
医疗保健
Companies dedicated to disease prevention and treatment, health maintenance, pharmaceutical R&D, medical device manufacturing, and end-user healthcare services.
致力于人类疾病防治、生命健康维护,提供医药研发、医疗器械制造及终端医疗护理服务的企业。
1
null
system
null
{}
2026-06-02T06:49:36.702366Z
2026-06-02T06:49:36.702366Z
[{"id": 73, "name": "Pharmaceuticals and Biotechnology", "name_alias": "制药与生物科技", "description": "Companies researching and manufacturing pharmaceutical and biotech products including chemical drugs, biologics, innovative therapies, and traditional Chinese medicine.", "description_alias": "研发与生产化学制药、生物制品、创新药与前沿生物疗法及中药等...
null
89
Financial Services
金融服务
Institutions and enabling technology providers that facilitate capital intermediation and risk hedging through credit risk management, asset management, payment settlement, and actuarial insurance services.
通过经营信用风险、资产管理、资金结算及保险精算,为社会提供资金融通及风险对冲服务的机构与赋能技术提供商。
1
null
system
null
{}
2026-06-02T06:50:02.139242Z
2026-06-02T06:50:02.139242Z
[{"id": 90, "name": "Banking", "name_alias": "银行业", "description": "Systemically important commercial banks and regional banks providing deposit and lending, settlement, and off-balance-sheet banking services.", "description_alias": "提供存贷款、结算及表外业务的全国性综合性商业银行与区域性银行。", "level": 2, "parent_id": 89, "sensitivity": "system"...
null
109
Industrials
工业
Companies manufacturing capital goods and heavy machinery used to produce other products, and providing essential transportation, logistics, and large-scale B2B professional services.
制造用于生产其他产品的资本货物、重型机械,及提供基础交通运输物流与大型B端专业服务的企业。
1
null
system
null
{}
2026-06-02T06:50:33.826265Z
2026-06-02T06:50:33.826265Z
[{"id": 110, "name": "Capital Goods and Advanced Manufacturing", "name_alias": "资本品与高端制造", "description": "Capital goods manufacturers producing aerospace and defense, industrial machinery and automation, electrical and new energy equipment, and construction and engineering products.", "description_alias": "研发制造航空航天与国防...
null
123
Basic Materials
基础材料
Upstream companies that extract natural resources or perform basic chemical processing to supply raw materials and commodities to global manufacturing.
处于产业链极上游,通过采掘自然资源或进行基础化学加工,为全球制造业提供原物料及大宗商品的企业。
1
null
system
null
{}
2026-06-02T06:50:55.211379Z
2026-06-02T06:50:55.211379Z
[{"id": 124, "name": "Metals and Mining", "name_alias": "金属与采矿", "description": "Companies exploring, mining, and refining precious metals, base metals and steel, and battery and strategic minerals such as lithium, cobalt, nickel, and rare earths.", "description_alias": "勘探开采冶炼贵金属、铜铝钢铁等大宗工业金属,及锂钴镍稀土等电池与战略性矿产的企业。", "lev...
null
138
Energy
能源
Companies engaged in exploration, production, refining, and marketing of conventional fossil fuels, oilfield equipment and services, and development of frontier low-carbon alternative fuels.
从事传统化石能源的勘探、开采、炼化与销售,或提供相关油气钻探设备与技术服务,以及研发前沿低碳替代燃料的企业。
1
null
system
null
{}
2026-06-02T06:51:17.906169Z
2026-06-02T06:51:17.906169Z
[{"id": 139, "name": "Oil, Gas and Consumable Fuels", "name_alias": "石油、天然气与消耗型燃料", "description": "Companies across consumable fuel value chains including oil and gas E&P, storage and transportation, refining and marketing, integrated oil majors, coal mining, and nuclear fuel processing.", "description_alias": "涵盖油气勘探...
null
153
Utilities
公用事业
Defensive service companies holding government-granted franchises in specific regions to provide electricity, water, natural gas, and municipal solid waste treatment essential to society.
在特定区域内拥有政府授予的特许经营权,负责提供电力、自来水、天然气及城市固废处理等维持社会基础运转的防守型服务企业。
1
null
system
null
{}
2026-06-02T06:51:40.082333Z
2026-06-02T06:51:40.082333Z
[{"id": 154, "name": "Power Generation and Grid Operations", "name_alias": "电力与电网运营", "description": "Companies operating conventional power generation including coal, gas, and hydro plants, and regional transmission and distribution grid networks.", "description_alias": "运营燃煤、燃气火电及大型水电站等传统发电,及拥有跨区域输电网与地方配售电网络的企业。", "l...
null
165
Real Estate
房地产
Institutions engaged in land development, residential and commercial property construction and sales, self-operated commercial real estate, property services, and real estate investment trusts (REITs).
从事土地开发、房屋建设销售、商业不动产自持运营,以及提供物业服务与不动产金融证券化资产(REITs)的机构。
1
null
system
null
{}
2026-06-02T06:51:58.332027Z
2026-06-02T06:51:58.332027Z
[{"id": 166, "name": "Property Development and Operations", "name_alias": "房地产开发与运营", "description": "Property developers acquiring land for residential construction and sales, and self-operating commercial assets such as shopping malls, office buildings, and logistics parks.", "description_alias": "通过竞拍获取土地进行住宅开发销售,及长...
null
1,042
pytest-http-l1-d6d7baa64de2420287ca096acdc12e78
null
null
null
1
null
system
null
{}
2026-08-18T20:03:48.700249Z
2026-08-18T20:03:48.700256Z
[{"id": 1043, "name": "pytest-http-l2-d6d7baa64de2420287ca096acdc12e78", "name_alias": null, "description": null, "description_alias": null, "level": 2, "parent_id": 1042, "sensitivity": "system", "properties": null, "extra": {}, "create_time": "2026-08-18T20:03:49.237042+00:00", "update_time": "2026-08-18T20:03:49.237...
ALL
233,919,254,505
pytest-sector-l1-233919254505
null
null
null
1
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2026-08-05T14:59:04.816831Z
2026-08-05T14:59:04.816837Z
[{"id": 63421009902, "name": "pytest-sector-l2-63421009902", "name_alias": null, "description": null, "description_alias": null, "level": 2, "parent_id": 233919254505, "sensitivity": "system", "properties": null, "extra": {}, "create_time": "2026-08-05T14:59:04.816839+00:00", "update_time": "2026-08-05T14:59:04.816839+...
ALL
935,426,829,274
pytest-sector-935426829274
null
null
null
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null
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2026-08-05T12:11:02.728260Z
2026-08-05T12:11:02.728265Z
[]
ALL
1
Technology
科技
Companies engaged in semiconductor R&D and manufacturing, electronic hardware and compute infrastructure, and system software, cloud computing, and artificial intelligence services.
致力于半导体研发制造、各类电子硬件与算力基础设施建设,以及提供系统软件、云计算与人工智能服务的企业。
1
null
system
null
{}
2026-06-02T06:47:49.810650Z
2026-06-02T06:47:49.810650Z
[{"id": 2, "name": "Semiconductors and Integrated Circuits", "name_alias": "半导体与集成电路", "description": "Companies across the semiconductor value chain, including chip design, fabrication, packaging, testing, equipment, and materials.", "description_alias": "涵盖芯片设计、制造、封测、设备及材料等半导体全产业链环节的企业。", "level": 2, "parent_id": 1, ...
ALL
29
Communication Services
通信服务
Companies providing global network transmission infrastructure, multimedia information distribution platforms, and digital entertainment and interactive media products.
提供全球网络传输管道服务、多媒体信息分发平台,以及数字娱乐内容和互动传媒产品的企业。
1
null
system
null
{}
2026-06-02T06:48:32.901195Z
2026-06-02T06:48:32.901195Z
[{"id": 30, "name": "Telecom Infrastructure", "name_alias": "通信基础设施", "description": "Companies providing global network transmission infrastructure including carrier services, communication cables, satellite internet, and IoT connectivity.", "description_alias": "提供运营商网络、通信线缆、卫星互联网及物联网连接等全球网络传输基础设施的企业。", "level": 2, "...
ALL
45
Consumer Cyclical
可选消费
Companies providing non-essential goods and services whose performance is closely tied to macroeconomic cycles, disposable income, and consumer confidence.
提供非生活绝对刚需的商品与服务,其业绩表现与宏观经济周期、居民可支配收入及消费者信心高度相关的企业。
1
null
system
null
{}
2026-06-02T06:48:56.651335Z
2026-06-02T06:48:56.651335Z
[{"id": 46, "name": "Automotive and Auto Parts", "name_alias": "汽车与汽车零部件", "description": "Companies across the automotive value chain including vehicle OEMs, parts suppliers, and auto sales and aftermarket services.", "description_alias": "涵盖整车制造、汽车零部件供应及汽车销售与后市场服务在内的汽车产业链企业。", "level": 2, "parent_id": 45, "sensitivit...
ALL
61
Consumer Defensive
必选消费
Companies providing food, beverages, agricultural products, and daily consumables essential to basic living, with high-frequency demand and strong defensive characteristics during economic downturns.
提供居民维持基础生活所必需的食品、饮料、农产品及日用消耗品,需求呈高频且对经济衰退具备强防御性的企业。
1
null
system
null
{}
2026-06-02T06:49:20.052697Z
2026-06-02T06:49:20.052697Z
[{"id": 62, "name": "Food and Beverage", "name_alias": "食品饮料", "description": "Companies producing and selling alcoholic and non-alcoholic beverages, dairy products, packaged foods, and processed meat products.", "description_alias": "酿造销售酒精饮料及软饮料、乳制品,并生产包装食品与肉类加工产品的企业。", "level": 2, "parent_id": 61, "sensitivity": "sy...
ALL
72
Healthcare
医疗保健
Companies dedicated to disease prevention and treatment, health maintenance, pharmaceutical R&D, medical device manufacturing, and end-user healthcare services.
致力于人类疾病防治、生命健康维护,提供医药研发、医疗器械制造及终端医疗护理服务的企业。
1
null
system
null
{}
2026-06-02T06:49:36.702366Z
2026-06-02T06:49:36.702366Z
[{"id": 73, "name": "Pharmaceuticals and Biotechnology", "name_alias": "制药与生物科技", "description": "Companies researching and manufacturing pharmaceutical and biotech products including chemical drugs, biologics, innovative therapies, and traditional Chinese medicine.", "description_alias": "研发与生产化学制药、生物制品、创新药与前沿生物疗法及中药等...
ALL
89
Financial Services
金融服务
Institutions and enabling technology providers that facilitate capital intermediation and risk hedging through credit risk management, asset management, payment settlement, and actuarial insurance services.
通过经营信用风险、资产管理、资金结算及保险精算,为社会提供资金融通及风险对冲服务的机构与赋能技术提供商。
1
null
system
null
{}
2026-06-02T06:50:02.139242Z
2026-06-02T06:50:02.139242Z
[{"id": 90, "name": "Banking", "name_alias": "银行业", "description": "Systemically important commercial banks and regional banks providing deposit and lending, settlement, and off-balance-sheet banking services.", "description_alias": "提供存贷款、结算及表外业务的全国性综合性商业银行与区域性银行。", "level": 2, "parent_id": 89, "sensitivity": "system"...
ALL
109
Industrials
工业
Companies manufacturing capital goods and heavy machinery used to produce other products, and providing essential transportation, logistics, and large-scale B2B professional services.
制造用于生产其他产品的资本货物、重型机械,及提供基础交通运输物流与大型B端专业服务的企业。
1
null
system
null
{}
2026-06-02T06:50:33.826265Z
2026-06-02T06:50:33.826265Z
[{"id": 110, "name": "Capital Goods and Advanced Manufacturing", "name_alias": "资本品与高端制造", "description": "Capital goods manufacturers producing aerospace and defense, industrial machinery and automation, electrical and new energy equipment, and construction and engineering products.", "description_alias": "研发制造航空航天与国防...
ALL
123
Basic Materials
基础材料
Upstream companies that extract natural resources or perform basic chemical processing to supply raw materials and commodities to global manufacturing.
处于产业链极上游,通过采掘自然资源或进行基础化学加工,为全球制造业提供原物料及大宗商品的企业。
1
null
system
null
{}
2026-06-02T06:50:55.211379Z
2026-06-02T06:50:55.211379Z
[{"id": 124, "name": "Metals and Mining", "name_alias": "金属与采矿", "description": "Companies exploring, mining, and refining precious metals, base metals and steel, and battery and strategic minerals such as lithium, cobalt, nickel, and rare earths.", "description_alias": "勘探开采冶炼贵金属、铜铝钢铁等大宗工业金属,及锂钴镍稀土等电池与战略性矿产的企业。", "lev...
ALL
138
Energy
能源
Companies engaged in exploration, production, refining, and marketing of conventional fossil fuels, oilfield equipment and services, and development of frontier low-carbon alternative fuels.
从事传统化石能源的勘探、开采、炼化与销售,或提供相关油气钻探设备与技术服务,以及研发前沿低碳替代燃料的企业。
1
null
system
null
{}
2026-06-02T06:51:17.906169Z
2026-06-02T06:51:17.906169Z
[{"id": 139, "name": "Oil, Gas and Consumable Fuels", "name_alias": "石油、天然气与消耗型燃料", "description": "Companies across consumable fuel value chains including oil and gas E&P, storage and transportation, refining and marketing, integrated oil majors, coal mining, and nuclear fuel processing.", "description_alias": "涵盖油气勘探...
ALL
153
Utilities
公用事业
Defensive service companies holding government-granted franchises in specific regions to provide electricity, water, natural gas, and municipal solid waste treatment essential to society.
在特定区域内拥有政府授予的特许经营权,负责提供电力、自来水、天然气及城市固废处理等维持社会基础运转的防守型服务企业。
1
null
system
null
{}
2026-06-02T06:51:40.082333Z
2026-06-02T06:51:40.082333Z
[{"id": 154, "name": "Power Generation and Grid Operations", "name_alias": "电力与电网运营", "description": "Companies operating conventional power generation including coal, gas, and hydro plants, and regional transmission and distribution grid networks.", "description_alias": "运营燃煤、燃气火电及大型水电站等传统发电,及拥有跨区域输电网与地方配售电网络的企业。", "l...
ALL
165
Real Estate
房地产
Institutions engaged in land development, residential and commercial property construction and sales, self-operated commercial real estate, property services, and real estate investment trusts (REITs).
从事土地开发、房屋建设销售、商业不动产自持运营,以及提供物业服务与不动产金融证券化资产(REITs)的机构。
1
null
system
null
{}
2026-06-02T06:51:58.332027Z
2026-06-02T06:51:58.332027Z
[{"id": 166, "name": "Property Development and Operations", "name_alias": "房地产开发与运营", "description": "Property developers acquiring land for residential construction and sales, and self-operating commercial assets such as shopping malls, office buildings, and logistics parks.", "description_alias": "通过竞拍获取土地进行住宅开发销售,及长...
ALL
177
Information Technology
科技
The full supply stack of the digital economy: semiconductors, electronics and computing hardware, software and cloud services, and IT services delivered through human time and distribution channels. Basis for inclusion: the principal output's core function is the capture, transmission, storage, computation or presentat...
数字经济供给体系的完整链条,包括半导体、电子与计算硬件、软件与云服务,以及以人时和渠道交付的 IT 服务业。归类判据为产出的核心功能是否在于信息的采集、传输、存储、计算或呈现。
1
null
system
null
{"code": "45", "version": "2"}
2026-09-09T08:09:21.598058Z
2026-09-09T08:09:21.598058Z
[{"id": 178, "name": "Semiconductors and Semiconductor Equipment", "name_alias": "半导体与半导体设备", "description": "Research, design and manufacturing whose object is the physical realisation of semiconductor devices, spanning material inputs, capital equipment, fabrication and assembly and test, and chip products of all kin...
ALL
201
Materials
基础材料
Upstream producers that extract natural resources or perform bulk chemical and physical processing to supply raw materials and commodities to manufacturing. Basis: the output is a fungible, price-quotable material or mineral rather than a functional end item.
处于产业链上游,通过采掘自然资源或进行基础化学与物理加工,为全球制造业提供原物料与大宗商品的企业。判据为产出是同质化、可计价交易的材料或矿物,而非具备独立功能的终端件。
1
null
system
null
{"code": "15", "version": "2"}
2026-09-09T08:09:21.598058Z
2026-09-09T08:09:21.598058Z
[{"id": 202, "name": "Chemicals and Industrial Materials", "name_alias": "化学品与工业材料", "description": "Producers of commodity and specialty chemicals, advanced materials, non-metallic building materials, and paper and packaging products made by chemical or physical transformation. Shared basis: the product defines perfor...
ALL
214
Consumer Discretionary
可选消费
Providers of goods and services that are not absolute necessities, with high demand elasticity and strong correlation to the economic cycle, disposable income and consumer confidence. Basis: the purchase can be deferred without impairing basic living.
提供非生活绝对刚需的商品与服务,需求弹性大,业绩与宏观经济周期、居民可支配收入和消费者信心高度相关。判据为购买决策可被推迟而不影响基本生活。
1
null
system
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{"code": "25", "version": "2"}
2026-09-09T08:09:21.598058Z
2026-09-09T08:09:21.598058Z
[{"id": 215, "name": "Automobiles and Components", "name_alias": "汽车与零部件", "description": "Design and assembly of road vehicles and powertrains, their component supply, distribution and aftermarket. Basis: the product moves people or freight on roads.", "description_alias": "各类道路载具的整车与动力总成制造、零部件供应、经销与售后。判据为产品用于人或货物在道路上...
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228
Consumer Staples
必选消费
Providers of the food, beverages, agricultural products, household consumables and staple retail channels required for basic living, with high purchase frequency and recession-defensive demand. Basis: purchases are hard to substitute and stable in frequency.
提供居民维持基础生活所必需的食品、饮料、农产品与日用消耗品及其零售渠道,需求高频且对经济衰退具备防御性。判据为购买可替代性低、频次稳定。
1
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system
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{"code": "30", "version": "2"}
2026-09-09T08:09:21.598058Z
2026-09-09T08:09:21.598058Z
[{"id": 229, "name": "Food, Beverage and Agriculture", "name_alias": "食品饮料与农业", "description": "Growing, breeding, processing and bottling of food and beverage for human consumption. Basis: the product is ingested and leaves no asset-like ownership attributes.", "description_alias": "从种植养殖到加工灌装,为居民提供入口食品与饮料。判据为产品被消费掉且不...
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239
Health Care
医疗保健
Firms devoted to disease prevention and treatment and the maintenance of health, supplying pharmaceuticals and biologics, medical devices, and end-point care and distribution services. Basis: the output acts directly on human health outcomes.
致力于疾病防治与生命健康维护,提供药品与生物制品研发、医疗器械制造及终端医疗与分销服务的企业。判据为产出直接作用于人体健康结果。
1
null
system
null
{"code": "35", "version": "2"}
2026-09-09T08:09:21.598058Z
2026-09-09T08:09:21.598058Z
[{"id": 240, "name": "Pharmaceuticals and Biotechnology", "name_alias": "制药与生物科技", "description": "Research, manufacture and sale of chemical and biological agents used to treat or prevent disease. Basis: the product is a therapeutic entity administered to the human body and acts by pharmacological, immunological or me...
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252
Financials
金融服务
Institutions that intermediate credit, manage assets, settle payments and underwrite insurance risk, together with the technology providers that enable them. Basis: revenue comes from financial intermediation, risk-taking or asset management rather than the production of physical goods.
通过经营信用风险、资产管理、资金结算与保险精算,为社会提供资金融通与风险对冲服务的机构,以及为其提供赋能技术的提供商。判据为收入主要来自金融中介、风险承担或资产管理,而非实物商品生产。
1
null
system
null
{"code": "40", "version": "2"}
2026-09-09T08:09:21.598058Z
2026-09-09T08:09:21.598058Z
[{"id": 253, "name": "Banks and Credit", "name_alias": "银行与信贷", "description": "Institutions earning spread and credit margin by funding assets on their own balance sheet. Basis: revenue is driven by net interest income and credit cost, with scale constrained by capital adequacy.", "description_alias": "主要通过吸收资金并在自身表内投...
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268
Industrials
工业
Producers of capital goods and heavy equipment used to make other products, providers of transportation and logistics, and large business-to-business professional and commercial services. Basis: the output serves another firm's production process or freight movement rather than final personal consumption.
制造用于生产其他产品的资本货物与重型装备,提供基础交通运输与物流服务,以及面向企业的大型专业与商业服务的企业。判据为产品或服务服务于其他企业的生产过程与货物流动,而非最终个人消费。
1
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system
null
{"code": "20", "version": "2"}
2026-09-09T08:09:21.598058Z
2026-09-09T08:09:21.598058Z
[{"id": 269, "name": "Capital Goods", "name_alias": "资本品", "description": "Manufacture of durable equipment used in further production and infrastructure, with related engineering and design services. Basis: the buyer spends from a corporate capital-expenditure budget rather than a household consumption budget.", "desc...
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287
Energy
能源
Firms exploring, extracting, storing, refining and selling fossil and nuclear fuels, supplying energy equipment and services, and developing frontier low-carbon alternative fuels. Basis: the product's core use is the delivery of heat, motive power or combustion energy.
从事传统化石能源与核燃料的勘探、开采、储运、炼化与销售,提供相关能源装备与技术服务,并研发前沿低碳替代燃料的企业。判据为产品以提供热量、动力或燃烧能量为核心用途。
1
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system
null
{"code": "10", "version": "2"}
2026-09-09T08:09:21.598058Z
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[{"id": 288, "name": "Oil, Gas and Coal", "name_alias": "石油天然气与煤炭", "description": "Firms monetising naturally occurring resources through extraction, processing or direct sale, earning commodity spreads. Basis: revenue derives from the heat or mass of the fuel, with profitability set by resource grade and cost curve."...
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299
Utilities
公用事业
Providers of electricity, water, gas and municipal waste services sustaining the base load of social and economic activity under government-granted territorial franchises. Basis: pricing is regulated or quasi-regulated and demand is weakly correlated with the economic cycle.
在特定区域内拥有政府授予的特许经营权,负责提供电力、自来水、天然气及城市固废处理等维持社会基础运转的防守型服务企业。判据为定价受管制或准管制,需求与宏观经济周期相关性低。
1
null
system
null
{"code": "55", "version": "2"}
2026-09-09T08:09:21.598058Z
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[{"id": 300, "name": "Power and Grid", "name_alias": "电力与电网", "description": "Power generation, transmission and distribution networks, and electricity retail. Basis: the product is electrons, with returns constrained by tariff regulation or approved-pricing mechanisms.", "description_alias": "发电资产运营、输配电网络与售电业务。判据为产品是电...
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309
Real Estate
房地产
Institutions engaged in land development and property building for sale, long-term ownership and operation of commercial real estate, and the provision of property management, transaction brokerage and securitised real-estate vehicles. Basis: value arises from the physical property asset itself, from transferring its u...
从事土地开发、房屋建设销售、商业不动产自持运营,以及提供物业服务、不动产交易中介与不动产金融证券化资产的机构。判据为价值来源于不动产这一实物资产本身或其使用权的转让与服务。
1
null
system
null
{"code": "60", "version": "2"}
2026-09-09T08:09:21.598058Z
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[{"id": 310, "name": "Real Estate Development and Operation", "name_alias": "不动产开发与运营", "description": "Asset-heavy firms creating value by acquiring land and building for sale, or by holding assets long-term for rent. Basis: physical property sits on the balance sheet and the issuer is not a securitised real-estate ve...
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319
Communication Services
通信服务
Providers of network transport and connectivity, multimedia distribution platforms, and digital entertainment and interactive media. Basis: the product is connectivity, attention or content, not the hardware that carries it.
提供全球网络传输与连接服务、多媒体信息分发平台,以及数字娱乐内容与互动传媒产品的企业。判据为产品是连接能力、注意力或内容,而非承载它们的硬件设备。
1
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system
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{"code": "50", "version": "2"}
2026-09-09T08:09:21.598058Z
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[{"id": 320, "name": "Telecommunication Services", "name_alias": "电信服务", "description": "Sale of connectivity to end users on subscription or usage, or provision of reusable resources underpinning network operation. Basis: holds a licence, spectrum or long-term lease rather than selling equipment.", "description_alias"...
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