On April 30, domestic chip stocks opened higher, with the科创芯片ETF华宝 (589190), which offers comprehensive exposure to the chip industry, seeing its on-market price surge over 3% at one point. It is currently up 2.94%, again reaching a new historical high since its listing.
Note: The Shanghai Stock Exchange Science and Technology Innovation Board Chip Index recorded the following gains/losses over the past five full years: 2021: 6.87%, 2022: -33.69%, 2023: 7.26%, 2024: 34.52%, 2025: 61.33%. The index's constituent stocks are adjusted according to its compilation rules, and its past performance does not indicate future returns.
Cambricon Technologies Corporation Limited surged more than 9% following its earnings report, with its real-time share price surpassing that of Yuanjie Technology, allowing it to reclaim the title of the highest-valued stock on the A-share market. On April 29, Cambricon released its Q1 2026 financial report, showing total revenue of 2.885 billion yuan, a year-on-year increase of 159.56%. Net profit attributable to shareholders reached 1.013 billion yuan, a significant increase of 185.04% year-on-year.
VeriSilicon Microelectronics also posted a double-digit gain. Its Q1 report indicated that from January 1, 2026, to April 29, 2026, the company secured new orders totaling 8.24 billion yuan. The vast majority of these were for one-stop chip customization services, with AI computing power-related orders accounting for 91.37% and data processing orders accounting for 90.15%, primarily from cloud-side AI ASIC and semiconductor IP licensing. As of the end of Q1 2026, the company's order backlog reached 5.133 billion yuan, remaining at a high level for ten consecutive quarters.
Central China Securities stated that the development speed of AI applications in 2026 has generally exceeded expectations, leading to tightness across the computing power industry supply chain. Against the backdrop of restricted overseas chip supply in 2026, domestic AI chips are also facing significant development opportunities. Improvements in both performance and production capacity are expected to continue benefiting from changes in the market structure, ultimately enhancing the supply capacity of domestic computing power.
To position for the chip industry's "super cycle," high-volatility instruments are a preferred choice. Public information shows that the科创芯片ETF华宝 (589190) and its feeder funds (Class A 021224, Class C 021225) passively track the Shanghai Stock Exchange Science and Technology Innovation Board Chip Index. While providing balanced allocation and full-chain exposure to the chip industry, they maintain a weight of over 90% in core areas such as integrated circuits and semiconductor equipment, representing high hard-tech content and strong technical barriers.
Data source: Shanghai and Shenzhen Stock Exchanges, etc. Institutional view source: Central China Securities report dated April 24, 2026.
ETF fee-related information: When subscribing for or redeeming fund units, subscription/redemption agents may charge a commission of up to 0.5%, which includes related fees charged by stock exchanges and registration institutions. Feeder fund fee information: For the HUABAO SHANGHAI SCI TECH INNOVATION BOARD CHIP TRADING OPEN ENDED INDEX SECURITIES INVESTMENT FUND Feeder Fund A, the front-end subscription fee is 1,000 yuan per subscription for amounts of 2 million yuan (inclusive) or more, 0.2% for amounts between 1 million yuan (inclusive) and 2 million yuan, and 0.5% for amounts below 1 million yuan. The redemption fee is 1.5% for holding periods under 7 days and 0% for holding periods of 7 days (inclusive) or more. HUABAO SHANGHAI SCI TECH INNOVATION BOARD CHIP TRADING OPEN ENDED INDEX SECURITIES INVESTMENT FUND Feeder Fund C does not charge a subscription fee; the redemption fee is 1.5% for holding periods under 7 days and 0% for holding periods of 7 days (inclusive) or more. The sales service fee is 0.2%.
Risk warning: The科创芯片ETF华宝 passively tracks the Shanghai Stock Exchange Science and Technology Innovation Board Chip Index. The index's base date is December 31, 2019, and its release date is June 13, 2022. This product is issued and managed by Huabao Fund. Selling agencies do not assume responsibility for the product's investment, payment, or risk management. Investors should carefully read the Fund Contract, Prospectus, Fund Product Summary, and other legal fund documents to understand the fund's risk-return characteristics and choose a product suitable for their own risk tolerance. The fund manager assesses this fund's risk rating as R4 - Medium-High Risk, suitable for investors with a suitability rating of C4 or above. The performance of other funds managed by the fund manager does not guarantee this fund's performance. Past performance of the fund does not indicate its future results. Funds carry risks, and investment requires caution. Selling institutions (including the fund manager's direct sales channels and other selling institutions) evaluate the fund's risk based on relevant laws and regulations. Investors should pay attention to the suitability opinions provided by the fund manager in a timely manner. Suitability opinions from different selling institutions may not necessarily be consistent, and the risk rating results for the fund product issued by fund selling institutions shall not be lower than the risk rating result provided by the fund manager. The description of the fund's risk-return characteristics in the Fund Contract may differ from its risk rating due to different consideration factors. Investors should understand the fund's risk-return situation and carefully select fund products based on their own investment objectives, time horizon, experience, and risk tolerance, bearing the risks themselves. The China Securities Regulatory Commission's registration of this fund does not indicate a substantive judgment or guarantee of its investment value, market prospects, or returns. Funds carry risks, and investment requires caution.
A MACD golden cross signal has formed, indicating positive momentum for these stocks.
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