Technology and growth sectors showed strong performance throughout the trading session today (April 13). The Huabao Dual Innovation 50 ETF (588330), a broad-based fund covering leading high-growth companies from the STAR Market and ChiNext Board, saw its intraday gain reach up to 1.82%, closing with a solid increase of 1.11%. This marks the fund's fifth consecutive daily gain, continuing to set new record highs since its listing.
Among the constituent stocks, heavyweight CATL surged over 4% at one point, with its share price reaching a historic peak. PCB industry leader Shengyi Electronics led the gains with an increase of over 11%, followed by solar energy leader Daqo New Energy rising nearly 8%, semiconductor leader Montage Technology climbing over 6%, and Hygon Information Technology advancing more than 5%.
Over a longer horizon, the underlying index of the Huabao Dual Innovation 50 ETF (588330)—the STAR and ChiNext 50 Index—has accumulated a gain of 54.54% from the beginning of 2025 through the end of March 2026. This performance outpaces other major broad-based indices such as the ChiNext Index (48.72%), the STAR Market Composite Index (44.68%), and the STAR 50 Index (27.04%).
Data period: January 1, 2025, to March 31, 2026. The annual performance of the STAR and ChiNext 50 Index from 2021 to 2025 was as follows: 0.37%, -28.32%, -18.83%, 13.63%, and 60.86%. The composition of the index is adjusted according to its rules, and past performance does not indicate future results.
At the individual stock level, CATL's share price hit a new all-time high. Since the beginning of March, the stock has accumulated a gain of over 24% in just over a month. CATL recently disclosed its 2025 financial report, showing growth in both revenue and profit. Driven by strong performance, the company set a new record for dividend payouts. According to the annual report, total cash dividends for 2025 amounted to approximately 36.1 billion yuan, representing 50% of its net profit attributable to shareholders.
On the industrial front, lithium carbonate futures demonstrated strength again, with gains expanding to over 5% at one point. Morgan Stanley forecasts that the lithium market will enter a supply deficit in the second half of 2026. Due to environmental and local government factors, the restart of the Jianxiawo lithium mine in Yichun has been delayed to the fourth quarter. Additionally, seven lepidolite mines may halt production in the latter half of the year, and export restrictions in Zimbabwe are expected to further impact supply. Overall, the supply-demand imbalance is driving up lithium prices.
In terms of financial results, as of April 12, 27 constituent companies of the Huabao Dual Innovation 50 ETF (588330) have released their 2025 annual reports. Among them, 26 companies reported profits, with 23 showing double-digit year-on-year growth in net profit attributable to shareholders. Companies such as Cambricon, Lead Intelligent Equipment, Shenghong Technology, Runze Technology, and Zhongji Innolight achieved triple-digit increases in net profit.
BOC International Securities believes that the true market trend lies not in Middle Eastern developments but in technology. At the current juncture, the technology sector continues to reach new highs, driven by a confluence of industrial trends, earnings expectations, and capital allocation. For A-shares, the key determinant of medium-term direction may not be short-term geopolitical disturbances but rather whether technological industrial trends continue to strengthen, whether industry spillover effects persist, and whether market risk appetite remains willing to pay a premium for "certain growth prospects." In a sense, the continuous new highs in technology stocks themselves provide the answer.
[Unfazed by Market Rotation, Access China's Core Technology in One Click] The Huabao Dual Innovation 50 ETF (588330) and its corresponding feeder funds (Class A: 013317 / Class C: 013318) select 50 listed companies from the STAR Market and ChiNext Board with large market capitalizations in strategic emerging industries. The fund covers popular themes such as optical modules, semiconductors, and photovoltaic equipment. Additionally, this ETF is eligible for margin trading and is included in the Stock Connect program, making it an efficient tool for investing in new productive forces.
ETF fee information: The Huabao Dual Innovation 50 ETF does not charge a sales service fee. Subscription and redemption agents may charge a commission of up to 0.5%, which includes fees levied by stock exchanges and registration institutions. On-market trading fees are subject to the rates set by securities firms.
Feeder fund fee details: The Huabao CSI STAR and ChiNext 50 ETF Feeder Fund (Class A) charges a subscription fee of 1,000 yuan per transaction for amounts of 2 million yuan or more, 0.6% for amounts between 1 million yuan and 2 million yuan, and 1% for amounts below 1 million yuan. Redemption fees are 1.5% for holdings of less than 7 days, 0.1% for holdings of 7 to 30 days, and 0% for holdings of 30 days or more. No sales service fee is charged. The Huabao CSI STAR and ChiNext 50 ETF Feeder Fund (Class C) does not charge a subscription fee. Redemption fees are 1.5% for holdings of less than 7 days and 0% for holdings of 7 days or more. A sales service fee of 0.3% applies.
Risk disclosure: The Huabao Dual Innovation 50 ETF passively tracks the CSI STAR and ChiNext 50 Index, which has a base date of December 31, 2019, and was launched on June 1, 2021. The index's annual performance from 2021 to 2025 was 0.37%, -28.32%, -18.83%, 13.63%, and 60.86%. The index composition is adjusted according to its rules, and historical performance does not guarantee future results. Mentions of index constituents are for illustrative purposes only and do not constitute investment advice or reflect the holdings or trading activities of the fund manager. The fund manager assesses the risk level of the Dual Innovation Leader ETF as R4 (moderately high risk), suitable for aggressive (C4) and higher risk-tolerant investors. Suitability assessments are subject to the criteria of selling institutions. All information provided is for reference only, and investors are responsible for their own investment decisions. The views, analyses, and forecasts presented do not constitute investment advice, and no liability is accepted for any direct or indirect losses resulting from the use of this content. Fund investments carry risks; past performance does not indicate 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 several stocks.
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