Likes ReceivedOverseas mapping + policy tone, Electronic ETF Hua Bao (515260) surged 9%! PCB + Semiconductors join forces for a strong attack!
Today (July 31), over 26.8 billion in main force capital flooded into the electronics sector, with GigaDevice topping the A-share fund attraction list. The Electronics ETF Huabao (515260), which covers hot concepts such as PCBs, semiconductor equipment, and memory chips, saw its on-exchange price surge 9% during trading hours, currently up 6.45%, with frequent premium intervals appearing on the exchange, indicating stronger buying pressure!
In terms of component stocks, Sunway Technology hit the daily limit up, Sunway Electronics rose over 19%, Xiechuang Data and VeriSilicon rose more than 14%, Changchuan Technology rose over 12%, while Shenghong Technology, Tuojing Technology and other individual stocks surged significantly.
Looking overseas, US stocks staged a violent counterattack, with AI trades surging collectively! Although the US Q2 real GDP was generally weak, expectations for short-term rate hikes plummeted, combined with Microsoft's earnings beating expectations, which reshaped AI investment confidence. Overnight US stocks rebounded, with the Nasdaq surging 2.78%. Microsoft rose over 15%, marking its largest single-day gain since October 2008. The Philadelphia Semiconductor Index rose over 8%, with optical communications and storage surging collectively; Kioxia ADR rose nearly 32%, SanDisk rose about 26%, and Micron Technology rose over 18%. South Korea's KOSPI index surged 13% in the morning, halting programmatic trading for 5 minutes. SK Hynix rose 24%, Samsung rose over 20%.
Focusing domestically, mainstream models at Huaqiangbei have seen continuous rises in storage products and graphics card prices, with 1TB SSDs seeing a 132% increase. Guojin Securities pointed out that domestic computing power has officially entered the stage of actual large-scale volume release, providing long-term rigid support for advanced process demands. Continued tightening of overseas export controls has increased the rigid demand of domestic major storage manufacturers for core domestic equipment such as etching and thin films.
On the policy front, the latest tone set by top-level meetings: In the second half of the year, various fiscal and financial resources will focus on supporting the rapid development of new quality productive forces, solidly advance the planning and construction of the “Six Networks”, and deeply implement the “AI+” action. Western Securities pointed out that computing power has been positioned by top levels as a national strategic resource parallel to water and electricity. The Ministry of Industry and Information Technology has included AI chips in the security and reliability certification system. Nine domestic high-end AI chips, including Hygon Information and MetaX, have completed the highest level of certification, potentially further opening up the market space for domestic chips in government and key sectors. The policy dividends of autonomous controllability continue to be released, and the long-term growth space for computing power domestic substitution is broad.
Huaan Securities believes that AI hardware may return to the main rising line, and now might be the best time to enter in the second half of the year. As emotions are fully vented and catalytic events land, the rebound may continue with expected magnitude.
[Price Hikes + AI + Autonomous Controllability, possibly running through the entire year for the electronics sector]
Electronics ETF Huabao (515260) and its feeder funds (Class A: 012550, Class C: 012551) passively track the Electronics 50 Index, focusing on layout in the semiconductor, components, and consumer electronics industries. It gathers hot concepts such as PCBs (e.g., Dongshan Precision), memory chips (e.g., Longsys), semiconductor equipment (e.g., ACME Shanghai), advanced packaging (e.g., JCET), glass substrates (e.g., BOE A), semiconductor silicon wafers (NSIG), and MLCCs (e.g.，三环 Group). Weight stocks include GigaDevice, Cambricon, NAURA, Luxshare Precision, and others.
Data shows that the target index of Electronics ETF Huabao (515260) is deeply bound to global tech leaders. As of the end of June, the weight proportions of the Apple, NVIDIA, and Google supply chains were 31.00%, 25.55%, and 18.98% respectively, expected to benefit from the industrial expansion and technological innovation of tech giants.
As of the end of June, the scale of Electronics ETF Huabao (515260) was 1.109 billion yuan, making it the larger ETF among the two ETFs tracking the same target index in the entire market.
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Risk Warning: Electronics ETF Huabao passively tracks the CSI Electronics 50 Index. The base date of this index is December 31, 2008, and it was published on July 22, 2009. The composition of the index's component stocks is adjusted in a timely manner according to the compilation rules of the index, and its backtested historical performance does not predict future performance of the index. The individual stocks and index component stocks mentioned in this article are for display purposes only. Descriptions of individual stocks do not constitute any form of investment advice, nor do they represent the holding information or trading trends of any funds under the manager. The fund manager assesses the risk level of Electronics ETF Huabao as R3-Medium Risk, suitable for balanced-type (C3) and above investors. Please refer to the sales institution for appropriateness matching opinions. Any information appearing in this article (including but not limited to individual stocks, comments, predictions, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors must be responsible for any investment behavior decided autonomously. Additionally, any views, analyses, and predictions in this article do not constitute any form of investment advice to readers, nor do we bear any responsibility for direct or indirect losses caused by the use of the content of this article. Fund investment involves risks. Past performance of funds does not indicate their future performance. The performance of other funds managed by the fund manager does not guarantee the performance of the fund. Fund investment requires caution.
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