Sudden surge in volume! Tech ETF Huabao (515000) surged 3% during the session, with trading volume hitting a nearly 6-year high!

During the intraday session on July 3rd, the technology leaders dipped and then rebounded. The Technology ETF Huabao (515000), which aggregates leaders in "Electronics + Communications + Computers", rebounded nearly 3% intraday with a trading volume close to 7 billion yuan, surpassing the "924" high and hitting a nearly 6-year high!

Regarding constituent stocks, PCB stocks rebounded strongly, with Shennan Circuit hitting the daily limit-up, Shengyi Technology rising over 8%, and Huadian Power rising over 6%; memory chips were active, with Demingli rising over 8%, Jiangbolong rising over 4%, and GigaDevice turning positive.

Nomura Orient stated that the AI semiconductor cycle is far from peaking, and an "epic" supply chain mismatch may occur in the second half of 2026. As cloud providers' capital expenditures continue to expand, shortages of components such as advanced packaging, PCB, and CCL will drive price increases and earnings revisions. Although TSMC is aggressively expanding its wafer-level packaging capacity, the real supply bottleneck will shift to wafer-level substrates (WoS) and smaller components like printed circuit boards (PCB) and copper-clad laminates (CCL). This structural shortage will directly exacerbate short-term market price volatility, but it also confirms the long-term sustainability of this cycle.

In terms of performance, the intraday price of Technology ETF Huabao (515000) has frequently hit new highs recently, and its underlying index has shown strong performance, with its allocation value becoming increasingly prominent. As of June 30, 2026, the Technology Leaders Index has cumulatively risen 72% this year, significantly outperforming popular technology indices like the STAR 50 over the same period, equivalent to a "Technology Broad-based Pro Max" version, making it a high-quality tool for investing in the main technology theme.

Note: Technology ETF Huabao passively tracks the CSI Technology Leaders Index. The base date of this index is June 29, 2012, and it was released on March 20, 2019. The annual historical returns of the CSI Technology Leaders Index for 2021-2025 were: -3.92%, -34.84%, 0.81%, 11.50%, 51.54%, with annualized volatility rates of 21.46%, 26.5%, 19.83%, 36.36%, 27.34% respectively for the same periods.The composition of the index constituents is adjusted according to the index compilation rules, and its backtested historical performance does not indicate future index performance.

Hu Yijiang, the fund manager of Technology ETF Huabao (515000), stated that as a smart-beta product in the growth sector, the main difference from other technology fund products is: Technology ETF Huabao (515000) dynamically helps investors select high-growth sectors for allocation through growth factors, saving research time. This product is suitable for investors who do not need to grasp the unique opportunities in each technology sub-sector but aspire to the future "vast universe" of technology. It belongs to the "lie flat" type of product within technology.

For a tech bull market, buy the leaders! Technology ETF Huabao (515000) and its feeder funds (Feeder A: 007873, Feeder C: 007874) select 50 listed companies from technology fields such as electronics, computers, communications, and biotechnology in the Shanghai and Shenzhen markets that are large in scale, have high market share, strong growth capabilities, and high R&D investment. They collectively represent the core assets of A-share technology leaders, possessing both "hard tech beta" and "high-quality leader excess alpha" attributes.

Data source: Shanghai and Shenzhen Stock Exchanges, etc. Note: "The first domestic" refers to the first ETF tracking the CSI Technology Leaders Index.

ETF fund-related fee description: When investors subscribe for or redeem fund shares, the subscription and redemption agent may charge a commission of up to 0.5%. Intraday trading fees are subject to the actual charges by the securities company, and no sales service fee is charged.

Feeder fund-related fee description: For Huabao Technology ETF Feeder A, the subscription fee is 1.00% for amounts below 1 million yuan, 0.60% for 1 million yuan (inclusive) to 2 million yuan, and 1000 yuan per transaction for 2 million yuan (inclusive) and above; the redemption fee is 1.50% within 7 days, 0.50% for 7 days (inclusive) to 180 days, and 0.00% for 180 days (inclusive) and above; no sales service fee is charged. Huabao Technology ETF Feeder C charges no subscription fee; the redemption fee is 1.50% within 7 days and 0.00% for 7 days (inclusive) and above; the sales service fee is 0.40% annually. The ETF subscription and redemption agent may charge a commission of up to 0.5%. Intraday trading fees are subject to the actual charges by the securities company.

Risk Disclosure: Technology ETF Huabao passively tracks the CSI Technology Leaders Index. The base date of this index is June 29, 2012, and it was released on March 20, 2019. The composition of the index constituents is adjusted according to the index compilation rules, and its backtested historical performance does not indicate future index performance. The index constituents mentioned in this article are for display purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings information or trading trends of any fund under the management company. The fund manager assesses the risk level of this fund as R3-Medium Risk, suitable for Balanced (C3) and above investors. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analyses, and forecasts in this article do not constitute investment advice of any form to readers, and no responsibility is assumed for any direct or indirect losses arising from the use of this content. Fund investment involves risks. The past performance of a fund does not represent its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Caution is advised in fund investment.