ChiNext ETF E Fund (159915) received net subscriptions of 160 million shares during trading hours, "absorbing" 120 million yesterday

As of 10:47, the ChiNext Index (399006) surged over 2% intraday and is currently up 1.68%. Component stocks include International Composite Materials (+13.35%), Sunwoda (+7.27%), Lead Intelligent (+5.31%), Sinocera (+5.3%), and Longying Precision (+5.16%). Meanwhile, Ruijie Networks (-4.51%), New Industries (-3.33%), Chuang Innovation (-2.9%), StarVision Technology (-2.44%), and Lens Technology (-2.25%) declined. As of the previous trading day, the index has risen 48.41% over the past year.

The E Fund ChiNext ETF (159915) continues to attract capital inflows, with a net inflow of 120 million yuan on the previous trading day. As of the previous trading day, the fund recorded a cumulative net inflow of 5.839 billion yuan over the past week and 19.639 billion yuan over the past month. The fund saw a net margin buying of 174 million yuan in the past week, ranking first among peer ETFs; its average daily turnover for the past month was 8.027 billion yuan, also ranking first among peers. As of press time, it received a net subscription of 160 million shares intraday.

The ChiNext sector rebounded sharply today, driven by resonant positive news across multiple sectors.

The CPO concept surged rapidly. As of July 24, among 38 A-share listed optical communication companies, 24 have disclosed their H1 performance forecasts, with 18 companies showing positive results (including profit increases or expected turnarounds), accounting for over 70%.

The lithium battery sector showed strong momentum in the morning session, with CATL rising nearly 5%. CATL forecast a 42% increase in H1 net profit and plans to repurchase shares worth 20-40 billion yuan, marking the largest single share repurchase in A-share history, with a dividend of 14.11 yuan per 10 shares.

The semiconductor industry chain rebounded comprehensively. CXMT opened 471.6% higher on its first day of listing, trading at 49.5 yuan, with a total market cap exceeding 3.3 trillion yuan, ranking first in A-shares. Intraday turnover exceeded 100 billion yuan, surpassing East Money's 90 billion yuan turnover on October 9, 2024, setting a new record for single-stock daily turnover in the A-share market.

Guohai Securities pointed out that the recent deep market adjustment is essentially due to the earnings vacuum period combined with the digestion of excessive cumulative gains and trading congestion. However, the fundamental long-term logic may not have significantly weakened. As the market enters the mid-year report verification window, coupled with continuous policy support, A-shares possess upward resilience, and the technology sector is expected to become the main force of the rebound.

The ChiNext Index tracked by the E Fund ChiNext ETF (159915) includes top ten weighted stocks such as CATL, Zhongji Innolight, Eoptolink, East Money, Sungrow Power Supply, Shenghong Technology, and TFC Optical Communication, which account for nearly 60% of the total weight. It focuses highly on emerging growth areas such as new energy, power equipment, communications, and semiconductors. The index has a distinct growth style and serves as a representative tool for investing in Chinese innovative enterprises.

The E Fund ChiNext ETF (159915) continues E Fund's low-fee brand philosophy, with management and custody fees at a relatively low industry level of 20 BP/year.