During the morning session on the 17th, leading optical module stocks rallied collectively, with Xinyisheng surging 8%, Zhongji Innolight rising over 5%, Guangku Technology soaring 12%, and Lante Technology climbing more than 7%, all hitting record highs. Among popular ETFs, the ChiNext Artificial Intelligence ETF Huabao (159363), which heavily invests in optical module leaders, surged 3% intraday, reaching a new listing high. Trading volume exploded, exceeding 600 million yuan, indicating a significant increase in market activity.
On the news front, Zhongji Innolight released its first-quarter 2026 earnings report, showing revenue of 19.496 billion yuan, a year-on-year increase of 192.12%, and net profit attributable to shareholders of 5.735 billion yuan, up 262.28% compared to the same period last year. This performance growth was primarily driven by continued investment in computing infrastructure by end customers, leading to a notable rise in the company's product shipments.
Cao Xuchen, the fund manager of the ChiNext Artificial Intelligence ETF Huabao (159363), recently pointed out that this year, driven by the rapid growth of Anthropic's Annualized Recurring Revenue (ARR), AI hardware has shown high valuations or strong expectations. As ARR in the AI sector accelerates, demand for AI computing hardware is expected to remain robust. Unlike memory, which is influenced by price factors, optical modules/CPO (Co-Packaged Optics) are driven by technological iteration, and the current rally may not be over. Investors are advised to focus on the first-quarter earnings of leading optical module manufacturers.
Looking back, computing segments such as optical modules and CPO have accelerated breakthroughs this month. As of April 16, the underlying index of the ChiNext Artificial Intelligence ETF Huabao (159363) has expanded its cumulative gain over the past year to 184%, significantly outperforming peer indices like Artificial Intelligence, CS Artificial Intelligence, STAR Market Innovation AI, and STAR AI. Looking ahead, multiple positive factors, including optical modules/CPO, IDC computing leasing, and AI applications, are expected to resonate, potentially benefiting the ChiNext AI sector further.
Note: The ChiNext Artificial Intelligence ETF Huabao passively tracks the ChiNext Artificial Intelligence Index, which has a base date of December 28, 2018, and was launched on 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 composition of index constituents is adjusted according to the index methodology, and past performance does not indicate future results.
In summary, as AI transitions from training to multimodal applications, computing demand is growing non-linearly. Optical modules, as core infrastructure in global computing, are supported by both strong performance and order backlogs. The ChiNext Artificial Intelligence ETF Huabao (159363) and its off-exchange counterparts (Class A: 023407, Class C: 023408) allocate approximately 70% of their portfolio to computing (including optical module/CPO leaders) and about 30% to AI applications, positioning them not only as core computing plays but also as representatives of AI application growth.
Data source: Shanghai and Shenzhen Stock Exchanges, among others.
ETF fee explanation: When investors subscribe or redeem fund units, subscription and redemption agents may charge a commission of up to 0.5%. Intraday trading fees are subject to the rates set by securities firms, with no sales service fee charged.
Connecting fund fee explanation: The ChiNext Artificial Intelligence ETF联接C does not charge a subscription fee; a redemption fee of 1.5% applies within 7 days, and 0% after 7 days (inclusive); a sales service fee of 0.3% is charged. For the ChiNext Artificial Intelligence ETF联接A, the subscription fee is 1% for amounts below 1 million yuan, 0.6% for 1–2 million yuan, and a flat fee of 1,000 yuan per transaction for amounts above 2 million yuan; redemption fees are 1.5% within 7 days and 0% after 7 days (inclusive); no sales service fee is charged.
Risk warning: The ChiNext Artificial Intelligence ETF Huabao passively tracks the ChiNext Artificial Intelligence Index, which has a base date of December 28, 2018, and was launched on 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 composition of index constituents is adjusted according to the index methodology, and past performance does not indicate future results. The mention of index constituents is for illustrative purposes only and does not constitute investment advice or reflect the holdings or trading trends of any fund managed by the asset manager. The fund manager assesses this fund's risk level as R4—moderately high risk, suitable for aggressive (C4) and above investors. Suitability matching opinions are subject to the sales institution. Any information appearing in this article is for reference only, and investors are responsible for any independent investment decisions. Furthermore, no views, analyses, or forecasts herein constitute investment advice of any kind to readers, nor shall they be held liable for any direct or indirect losses resulting from the use of this content. Fund investments carry risks; past performance does not guarantee future results, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest with caution.
MACD golden cross signals have formed, indicating positive momentum for these stocks.
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