<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251126_1614_Reichstag-Amid-Clouds_simple_compose_01kazw328qenctx7y0e64zsxkz.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251126_1614_Reichstag-Amid-Clouds_simple_compose_01kazw328qenctx7y0e64zsxkz.png"/></p>
<p>2025 年 DAX 指数表现强劲，涨幅达到 22%，与其他全球指数如标准普尔 500 和道琼斯指数的增长相呼应。其交易价格为 24,340 欧元，比 4 月份的最低水平上涨了 32%。</p>
<p>然而，自今年 5 月以来，该指数一直在 23,030 欧元至 24,665 欧元之间窄幅波动。本文将探讨今年该指数中表现最佳和最差的公司。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/DAX-Index-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="579" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/DAX-Index-1024x579.png"/></p>
<p><em>2025 年 DAX 指数表现 | 来源：TradingView</em></p>
<h2>莱茵金属股价因需求激增而飙升</h2>
<p>莱茵金属是德国最大的国防承包商，是德国 DAX 指数中表现最佳的公司，股价上涨约 150%。</p>
<p>由于德国和其他欧洲国家增加了国防开支，该公司的业务持续良好。事实上，唐纳德·特朗普施压北约成员国将国防开支提高到 GDP 的 5%，这一举措将使该集团的国防承包商受益。</p>
<p>莱茵金属第三季度的收入同比增长 20%，达到 750 亿欧元，订单积压飙升至超过 640 亿欧元。因此，股价的飙升主要是因为分析师预计该公司将成为其美国竞争对手如 RTX 和洛克希德·马丁的主要挑战者。</p>
<h2>西门子能源股价因电力需求激增而飙升</h2>
<p>西门子能源的股价今年上涨了 140%，成为 DAX 指数中表现最佳的公司之一。在过去三年中，其股价上涨超过 333%，标志着这家几年前即将崩溃的公司的强劲反弹。</p>
<p>西门子能源的股价与其在能源设备行业最大的竞争对手 GE Vernova 的表现相呼应。这些公司受益于持续的能源需求，因为人工智能的蓬勃发展。</p>
<p>这一繁荣导致了更多的需求，其年收入同比增长 17%，超过 590 亿欧元。值得注意的是，西门子歌美飒的风能业务恢复了增长，收入增长 30%，达到 93.2 亿欧元。</p>
<h2>商业银行股价因收购希望而上涨</h2>
<p>商业银行的股价今年上涨了 126%，主要有两个原因。首先，这一涨幅反映了其他欧洲银行如劳埃德银行、法兴银行和德意志银行的表现。实际上，德意志银行的股价上涨了 100%，成为第四大表现最佳的公司。</p>
<p>其次，股价表现良好，市场对商业银行可能在明年进行收购的希望依然存在。收购将有助于提升股价，因为公司需要支付溢价。</p>
<h2>拜耳股价因作物科学部门改善而上涨</h2>
<p>拜耳是 DAX 指数中表现第五的公司，今年股价上涨了 86%。这一激增发生在这家饱受困扰的公司发布了几份令人鼓舞的财务结果后，得益于其制药和作物科学业务。</p>
<p>这些数字有助于提升其前瞻性指引，预计收入将在 460 亿至 480 亿欧元之间。</p>
<p>最近，该公司表示其作物科学业务增强，帮助其抵消了消费业务的表现。</p>
<p>DAX 指数中的其他主要涨幅公司包括 RWE、费森尤斯、德意志邮政、大陆集团和安联。</p>
<p>另一方面，指数中表现最差的公司包括 Symrise、阿迪达斯、拜尔斯道夫、Zalando 和 Vonovia。</p>
<p>本文首发于 Invezz，标题为《2025 年 DAX 指数的最佳和最差表现者》。</p>

西门子(ADR)

<p>在 2025 年，DAX 指数上涨了 22%，交易价格为 24,340 欧元，比 4 月份的低点上涨了 32%。由于国防支出的增加，莱茵金属（Rheinmetall）领涨，涨幅达到 150%。西门子能源（Siemens Energy）在电力需求上升的背景下飙升了 140%。商业银行（Commerzbank）因收购希望上涨了 126%。拜耳（Bayer）凭借强劲的作物科学业绩上涨了 86%。其他上涨的公司包括 RWE 和安联（Allianz）。表现不佳的公司有 Symrise、阿迪达斯（Adidas）和 Zalando</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251126_1614_Reichstag-Amid-Clouds_simple_compose_01kazw328qenctx7y0e64zsxkz.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/11/20251126_1614_Reichstag-Amid-Clouds_simple_compose_01kazw328qenctx7y0e64zsxkz.png"/></p>
<p>The DAX Index had a strong performance in 2025 as it jumped by 22%, which mirrored the growth of other global indices like the S&amp;P 500 and the Dow Jones indices. It was trading at €24,340, up by 32% from its lowest level in April.</p>
<div class="lb-trans"><p>2025 年 DAX 指数表现强劲，涨幅达到 22%，与其他全球指数如标准普尔 500 和道琼斯指数的增长相呼应。其交易价格为 24,340 欧元，比 4 月份的最低水平上涨了 32%。</p>
</div><p>However, the index has remained in a narrow range of between €23,030 and €24,665 since May this year. This article looks at the best and worst-performing companies in the index this year.</p>
<div class="lb-trans"><p>然而，自今年 5 月以来，该指数一直在 23,030 欧元至 24,665 欧元之间窄幅波动。本文将探讨今年该指数中表现最佳和最差的公司。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/DAX-Index-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/DAX-Index-1024x579.png"/></p>
<p><em>DAX Index performance in 2025 | Source: TradingView</em></p>
<div class="lb-trans"><p><em>2025 年 DAX 指数表现 | 来源：TradingView</em></p>
</div><h2>Rheinmetall’s stock price soared amid demand sure</h2>
<div class="lb-trans"><h2>莱茵金属股价因需求激增而飙升</h2>
</div><p>Rheinmetall, the biggest defense contractor in Germany, was the best-performing company in the German DAX Index as it jumped by ~150%.</p>
<div class="lb-trans"><p>莱茵金属是德国最大的国防承包商，是德国 DAX 指数中表现最佳的公司，股价上涨约 150%。</p>
</div><p>The company’s business has continued doing well as Germany and other European countries have boosted their defense spending. Indeed, Donald Trump has pressured NATO members to boost their spending to 5% of the GDP, a move that will benefit the bloc’s defence contractors.</p>
<div class="lb-trans"><p>由于德国和其他欧洲国家增加了国防开支，该公司的业务持续良好。事实上，唐纳德·特朗普施压北约成员国将国防开支提高到 GDP 的 5%，这一举措将使该集团的国防承包商受益。</p>
</div><p>Rheinmetall’s revenue jumped by 20% in the third quarter to €75 billion, with its backlog soaring to over 64 billion euros. Therefore, the stock surge is mostly because analysts expect that the company will become a major challenger to its American rivals like RTX and Lockheed Martin.</p>
<div class="lb-trans"><p>莱茵金属第三季度的收入同比增长 20%，达到 750 亿欧元，订单积压飙升至超过 640 亿欧元。因此，股价的飙升主要是因为分析师预计该公司将成为其美国竞争对手如 RTX 和洛克希德·马丁的主要挑战者。</p>
</div><h2>Siemens Energy stock soared amid power demand</h2>
<div class="lb-trans"><h2>西门子能源股价因电力需求激增而飙升</h2>
</div><p>Siemens Energy share price jumped by 140% this year, making it one of the best-performing companies in the DAX Index. It has now jumped by over 333% in the last three years, marking a strong turnaround for a company that was about to collapse a few years ago.</p>
<div class="lb-trans"><p>西门子能源的股价今年上涨了 140%，成为 DAX 指数中表现最佳的公司之一。在过去三年中，其股价上涨超过 333%，标志着这家几年前即将崩溃的公司的强劲反弹。</p>
</div><p>Siemens Energy’s stock price mirrored the performance of GE Vernova <strong>,</strong> its biggest rival in the energy equipment industry. The companies are benefiting from the ongoing energy demand because of the ongoing artificial intelligence boom.</p>
<div class="lb-trans"><p>西门子能源的股价与其在能源设备行业最大的竞争对手 GE Vernova 的表现相呼应。这些公司受益于持续的能源需求，因为人工智能的蓬勃发展。</p>
</div><p>This boom has led to more demand, with its annual revenue soaring by 17% to over €59 billion. Most notably, Siemens Gamesa, its wind business, returned to growth, with its revenue rising by 30% to €9.32 billion.</p>
<div class="lb-trans"><p>这一繁荣导致了更多的需求，其年收入同比增长 17%，超过 590 亿欧元。值得注意的是，西门子歌美飒的风能业务恢复了增长，收入增长 30%，达到 93.2 亿欧元。</p>
</div><h2>Commerzbank shares jumped amid acquisition hopes</h2>
<div class="lb-trans"><h2>商业银行股价因收购希望而上涨</h2>
</div><p>Commerzbank stock price jumped by 126% this year for two main reasons. First, the rally mirrored the performance of other European banks like Lloyds, Société Générale, and Deutsche Bank. Indeed, Deutsche Bank stock jumped by 100% and was the fourth best performer.</p>
<div class="lb-trans"><p>商业银行的股价今年上涨了 126%，主要有两个原因。首先，这一涨幅反映了其他欧洲银行如劳埃德银行、法兴银行和德意志银行的表现。实际上，德意志银行的股价上涨了 100%，成为第四大表现最佳的公司。</p>
</div><p>Second, the stock did well, and hopes remained that Commerzbank will make a bid for the company, potentially in the coming year. An acquisition would help to boost the performance of the stock as the company will need to pay a premium.</p>
<div class="lb-trans"><p>其次，股价表现良好，市场对商业银行可能在明年进行收购的希望依然存在。收购将有助于提升股价，因为公司需要支付溢价。</p>
</div><h2>Bayer stock jumped as its crop science division improved</h2>
<div class="lb-trans"><h2>拜耳股价因作物科学部门改善而上涨</h2>
</div><p>Bayer was the fifth-best performing company in the DAX Index as it jumped by 86% this year. This surge happened as the embattled company published several encouraging financial results, helped by its pharmaceutical and crop science businesses.</p>
<div class="lb-trans"><p>拜耳是 DAX 指数中表现第五的公司，今年股价上涨了 86%。这一激增发生在这家饱受困扰的公司发布了几份令人鼓舞的财务结果后，得益于其制药和作物科学业务。</p>
</div><p>These numbers helped to boost its forward guidance, with its revenue expected to be between €46 billion and €48 billion.</p>
<div class="lb-trans"><p>这些数字有助于提升其前瞻性指引，预计收入将在 460 亿至 480 亿欧元之间。</p>
</div><p>Most recently, the company said that its crop science business strengthened, which helped it to offset the performance of its consumer business.</p>
<div class="lb-trans"><p>最近，该公司表示其作物科学业务增强，帮助其抵消了消费业务的表现。</p>
</div><p>The other top gainers in the DAX Index were companies like RWE, Fresenius, Deutsche Post, Continental, and Allianz.</p>
<div class="lb-trans"><p>DAX 指数中的其他主要涨幅公司包括 RWE、费森尤斯、德意志邮政、大陆集团和安联。</p>
</div><p>On the other hand, the top laggards in the index were companies like Symrise, Adidas, Beiersdorf, Zalando, and Vonovia.</p>
<div class="lb-trans"><p>另一方面，指数中表现最差的公司包括 Symrise、阿迪达斯、拜尔斯道夫、Zalando 和 Vonovia。</p>
</div><p>The post DAX Index’s best and worst performers in 2025 appeared first on Invezz</p>
<div class="lb-trans"><p>本文首发于 Invezz，标题为《2025 年 DAX 指数的最佳和最差表现者》。</p>
</div>

DAX 指数在 2025 年的表现最佳和最差的公司