The optical module and CPO (co-packaged optics) sector resumed its upward trend during the June 24th trading session, with the ChiNext Artificial Intelligence theme gaining over 1%. Among the gainers, Eoptolink Technology Inc.,Ltd. (SHE: 300502) surged more than 3%, TFC Optical Communication Co.,Ltd. (SHE: 300394) rose over 2%, Zhongji Innolight Co.,Ltd. (SHE: 300308) advanced more than 1%, while Guangku Technology Co.,Ltd. (SHE: 300620) and Changxin Xincheng Co.,Ltd. (SHE: 300604) were also active.
Regarding popular ETFs, the ChiNext Artificial Intelligence ETF Hua Bao (159363), which has a combined weighting exceeding 40% in Eoptolink, Zhongji Innolight, and TFC Optical Communication, saw its intraday price jump over 1% following a significant pullback of nearly 4% the previous day. Concurrently, the fund experienced a net subscription inflow of 100 million units.
Focus on Interim Reports for Performance Guidance
Analysis suggests the current period is a window for verifying interim report performance. From the industrial trends observed in the second quarter, the high growth momentum in the AI computing power chain continues to materialize, with core segments like optical modules having clear fundamental support. The recommendation is to "focus on interim reports, prioritize performance."
The analysis further points out that with the accelerated ramp-up of 1.6T optical modules and the easing of upstream material bottlenecks, leading optical module companies are expected to see an acceleration in their Q2 performance release. In the initial phase of 1.6T volume ramp, tight supply of key upstream materials constrained delivery schedules. As upstream production capacity gradually increases over time, material shortages are easing. Leading manufacturers with strong supply chain control and large customer orders are expected to demonstrate the most significant capacity flexibility and performance realization capabilities.
• Zhongji Innolight Co.,Ltd. (SHE: 300308) shows a leading position described as "standing out from the crowd" in terms of industrial layout depth and production capacity preparation, further solidifying its leading status. With the continuous increase in shipments of high-speed rate optical modules like 800G/1.6T and the rising proportion of high-end products, its performance is expected to maintain high-speed growth.
• Eoptolink Technology Inc.,Ltd. (SHE: 300502) saw its Q1 2026 performance not fully realized due to tight raw material supply. The material issue is expected to gradually ease starting in Q2, while 1.6T optical module order volumes and production capacity are projected to grow rapidly. Consequently, its Q2 performance is anticipated to see further release.
Accessing Leading Optical Communication Companies
For a consolidated investment in leading optical communication companies, market participants are advised to focus on the ChiNext Artificial Intelligence ETF Hua Bao (159363), which leads its category in both size and liquidity, along with its off-exchange feeder funds (Class A: 023407, Class C: 023408). The underlying index has an approximate 50% weighting in optical modules, a high combined weighting in the aforementioned three key stocks, and allocates about 30% of its portfolio to AI applications, positioning it not only as a core computing power play but also as a representative of AI applications.
It is noteworthy that as of June 22, 2026, the ChiNext Artificial Intelligence ETF Hua Bao (159363) reached a record high AUM of 8.118 billion yuan, ranking first in size within the dual-innovation (STAR and ChiNext) AI thematic fund market. Its average daily turnover over the past six months exceeded 900 million yuan, also ranking first in trading activity within the AI thematic fund market.
Important Fund Information and Risk Disclosure
ETF-related fee information: Subscription and redemption agents may charge a commission not exceeding 0.5% of the transaction value when investors subscribe for or redeem fund units. On-exchange trading fees are subject to the actual charges by securities firms, with no sales service fee charged.
Feeder fund-related fee information: The ChiNext Artificial Intelligence ETF Feeder Fund Class C (023408) charges no subscription fee; a redemption fee of 1.5% applies for holdings less than 7 days, and 0% for 7 days or more; a sales service fee of 0.3% per annum applies. The ChiNext Artificial Intelligence ETF Feeder Fund Class A (023407) charges subscription fees as follows: 1% for amounts below 1 million yuan, 0.6% for amounts between 1 million (inclusive) and 2 million yuan, and a flat fee of 1,000 yuan per transaction for amounts of 2 million yuan or more; a redemption fee of 1.5% applies for holdings less than 7 days, and 0% for 7 days or more; no sales service fee is charged.
Risk Warning: The ChiNext Artificial Intelligence ETF Hua Bao passively tracks the ChiNext Artificial Intelligence Index. The index base date is December 28, 2018, and its release date was July 11, 2024. The index's annual performance from 2021 to 2025 was +17.57%, -34.52%, +47.83%, +38.44%, and +106.35%, respectively. The index constituent stocks are adjusted according to its compilation rules, and its back-tested historical performance does not indicate future results. The mention of index constituents herein is for illustrative purposes only; individual stock descriptions do not constitute investment advice in any form and do not represent the holdings or trading intentions of any fund managed by the fund manager. The fund manager assesses this fund's risk rating as R4 (Medium-High Risk), suitable for Aggressive (C4) and above investors. The suitability matching opinion is subject to the assessment by the sales institution. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are responsible for their own investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind to readers, and no liability is accepted 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 guarantee its future results. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Invest with caution.
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