As of the evening of July 5th, a total of 78 A-share listed companies have disclosed their performance forecasts for the first half of 2026. Among them, 68 companies anticipate growth, slight growth, continued profitability, or a turnaround from losses, accounting for 87.18% of those that have released forecasts. Industries such as communications, electronics, petroleum and petrochemicals, and non-ferrous metals are showing higher earnings growth rates, with AI-related stocks particularly forecasting significant increases in their half-year results.
Shenzhen Longsys Electronics Co.,Ltd., a leading storage chip company, announced on July 3rd that it expects its first-half 2026 net profit attributable to shareholders to reach between 9.2 billion yuan and 11 billion yuan, representing a year-on-year increase of 62,204% to 74,394%.
During the reporting period, the global semiconductor storage industry experienced a favorable climate, driven by increased downstream demand and limited overall growth in global storage wafer capacity, creating a positive external environment for the company. Concurrently, the company successfully renewed wafer supply agreements (LTAs or MOUs) with several major global storage wafer manufacturers, securing the supply of storage wafers and solidifying the resource foundation for its long-term development.
Data shows that as of July 3rd, within the Xinchuang ETF Huabao (562030), the estimated weight of its constituent stock, Shenzhen Longsys Electronics Co.,Ltd., is 11.33%, potentially making it the ETF with the highest current weighting in the company.
Market Analysis and Outlook
Some analysts believe that domestic computing power substitution has reached a strategic inflection point, with the "national models and national chips" ecosystem accelerating its closure. Independently controllable computing infrastructure serves as the core carrier for AI and information innovation, with procurement in critical sectors like government affairs, finance, and state-owned enterprises increasingly favoring domestic solutions. The deployment of independent computing infrastructure has progressed from the pilot verification phase to the stage of large-scale implementation, with numerous smart computing centers and industry-specific computing platform projects commencing nationwide. This is driving sustained demand across the upstream supply chain, including domestic servers, AI chips, and liquid cooling equipment, with the substitution pace exceeding market expectations.
Other securities firms point out that the information innovation sector is characterized by recovering industry sentiment, improving product performance, and leadership in domestic computing power. Current hardware and software localization rates remain relatively low. Influenced by relevant policies, related orders are expected to accelerate their implementation, with sub-sectors like domestic computing power potentially driving the development of the entire information innovation chain.
Valuation Perspective
Regarding valuation, as of July 3rd, the price-to-earnings ratio (PE TTM) of the underlying index (CSI Information Innovation Index) tracked by the Xinchuang ETF Huabao (562030) is 105.96 times. This is below its historical median of 211.71 times and sits at approximately the 24.18th percentile over the past three years, indicating relatively high valuation attractiveness and a margin of safety.
Focus on Independent Controllability
The Xinchuang ETF Huabao (562030) and its feeder funds passively track the CSI Information Innovation Index, which focuses on the field of independent and controllable information technology. It covers core segments of the information innovation industry chain, including basic hardware, basic software, application software, information security, and peripheral equipment. Its top holdings encompass leaders in storage chips, domestic computing power, and AI applications. Influenced by relevant policies, orders for related software and hardware are anticipated to accelerate.
Investment Considerations
The Xinchuang ETF Huabao passively tracks the CSI Information Innovation Index. The index's base date is December 29, 2017, and it was launched on December 21, 2012. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its past performance does not predict future results. Constituent stocks and individual companies mentioned are for illustrative purposes only; descriptions are not investment advice of any form and do not represent the holdings or trading activities of any fund managed by the fund manager. The fund manager assesses this fund's risk level as R3 (Medium Risk), suitable for Balanced (C3) and above investors. Suitability matching opinions should be based on sales institutions. Any information presented is for reference only, and investors are responsible for their own investment decisions. The views, analysis, and forecasts herein do not constitute investment advice to readers, and no responsibility is accepted for any direct or indirect losses arising from the use of this content. Fund investment involves risk. Past performance of a fund does not guarantee its future results, and 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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