During early trading on July 6th, leading technology stocks displayed a mixed performance. The HuaBao Technology ETF (515000), which aggregates leaders from the "electronics + communications + computer" sectors, initially surged by 2% before retreating and is now down over 2%. Notably, significant net inflows exceeding 500 million yuan were recorded the previous day.
Among its constituent stocks, the storage sector showed strength. Shenzhen Longsys Electronics Co.,Ltd. (Shenzhen Longsys Electronics Co.,Ltd.) surged over 8% following its earnings report, while 佰维存储 briefly gained over 5%. In the innovative drug space, leader 恒瑞医药 rose over 5%, and CPU leader 海光信息 was also active. On the downside, optical fiber leader 长飞光纤 fell over 7%, and PCB stocks generally corrected, with 生益电子 and 沪电股份 both declining over 6%.
On the news front, on the evening of July 3rd, major storage chip player Shenzhen Longsys Electronics Co.,Ltd. released an earnings forecast. The company expects its H1 2026 net profit attributable to shareholders to be between 9.2 billion and 11 billion yuan, representing a staggering year-on-year increase of 62,204% to 74,394%. Additionally, industry insiders confirmed that Samsung's plan to raise DRAM prices by 20% in Q3 is accurate, with Samsung having already notified some customers via verbal quotes.
Furthermore, according to reports, Intel officially raised prices for multiple CPU models on July 4th. The desktop Core Ultra 200S Plus series saw increases of $30-$50, while the server-side Xeon 6980P saw a single-unit price hike of $1,495 to $13,955. This round of price adjustments covers popular and tight-supply SKUs, primarily driven by the significant supply-demand gap caused by surging AI computing demand. The industry is entering a cycle of simultaneous volume and price increases, with the earnings potential of leading companies in computing hardware segments expected to continue being released.
Industrial Securities stated that July marks the beginning of the earnings season for both Chinese and US markets. The relative strength of industry trends and changes in earnings performance remain the core factors for allocation. For sectors with strong market consensus on high景气, such as AI computing and upstream resources, which were previously significantly affected by overseas volatility, the disclosure of domestic interim earnings forecasts is expected to gradually bring them into a re-allocation phase. Within the storage, optical fiber & cable, liquid cooling, and electronic special gas sectors, several companies have already disclosed impressive interim earnings forecasts, validating the high景气 of the AI industry chain in Q2. Subsequent earnings forecasts from leading core companies are anticipated to serve as even stronger catalysts.
For exposure to the technology bull run, focus on the leaders! The HuaBao Technology ETF (515000) and its feeder funds (Feeder A: 007873, Feeder C: 007874) select 50 listed companies from the technology sectors in the Shanghai and Shenzhen markets, including electronics, computers, communications, and biotechnology. These companies are chosen based on their large scale, high market share, strong growth potential, and significant R&D investment, collectively representing the core assets of A-share technology leaders. The fund combines attributes of "hard tech beta" and "excess alpha from high-performing leaders."
In terms of performance, the on-market price of HuaBao Technology ETF (515000) has frequently hit new highs recently, with its underlying index showing strong momentum and its allocation value becoming increasingly prominent. As of June 30, 2026, the Science and Technology Leaders Index has risen 72% year-to-date, significantly outperforming同期 popular tech indices like the STAR 50. It can be seen as a "Technology Broad-based Pro Max" version, serving as a优质 tool for布局 the technology thematic trend.
Note: HuaBao Technology ETF passively tracks the CSI Science and Technology Leaders Index. The base date for this index is June 29, 2012, and it was launched on March 20, 2019. The annual historical returns of the CSI Science and Technology Leaders Index from 2021 to 2025 were: -3.92%, -34.84%, 0.81%, 11.50%, and 51.54%, respectively. The corresponding annualized volatility figures for the index were 21.46%, 26.5%, 19.83%, 36.36%, and 27.34%. The index's constituent stocks are adjusted according to its compilation rules, and its back-tested historical performance does not indicate future results.
Looking at the CSI secondary industry distribution, the CSI Science and Technology Leaders Index has approximately 90% of its weight concentrated in three major directions: semiconductors, electronics, and communication equipment & technical services, indicating high purity. This means the index's holdings are almost entirely focused on the hardcore technology sector, highly aligned with current market themes like the AI computing chain, semiconductor localization, and optical communication. The top ten constituent stocks aggregate leaders from various细分 tracks such as optical modules, semiconductor equipment, storage chips, and PCBs.
Data source: Shanghai and Shenzhen Stock Exchanges, etc. Note: "The first domestic" refers to being the first ETF tracking the CSI Science and Technology Leaders Index.
ETF Fund Fee Information: When investors subscribe for or redeem fund shares, subscription/redemption agents may charge a commission not exceeding 0.5%. On-market trading fees are subject to the actual charges by securities firms, with no sales service fee charged.
Feeder Fund Fee Information: For HuaBao Technology ETF Feeder A, the subscription fee is 1.00% for amounts below 1 million yuan, 0.60% for amounts between 1 million yuan (inclusive) and 2 million yuan, and a flat fee of 1,000 yuan per transaction for amounts of 2 million yuan (inclusive) and above. The redemption fee is 1.50% within 7 days, 0.50% between 7 days (inclusive) and 180 days, and 0.00% for 180 days (inclusive) and above. No sales service fee is charged. HuaBao Technology ETF Feeder C charges no subscription fee. The redemption fee is 1.50% within 7 days and 0.00% for 7 days (inclusive) and above. The sales service fee is 0.40% per annum. ETF subscription/redemption agents may charge a commission not exceeding 0.5%. On-market trading fees are subject to the actual charges by securities firms.
Risk Disclosure: HuaBao Technology ETF passively tracks the CSI Science and Technology Leaders Index. The base date for this index is June 29, 2012, and it was launched on March 20, 2019. The index's constituent stocks are adjusted according to its compilation rules, and its back-tested historical performance does not indicate future results. The index constituents mentioned herein are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the持仓 information or trading动向 of any fund managed by the manager. The fund manager assesses this fund's risk等级 as R3-Medium Risk, suitable for Balanced (C3) and higher risk profile investors. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, any form of表述, etc.) is for reference only. Investors must be responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any kind to readers, nor is there any liability for direct or indirect losses arising from the use of this content. Fund investment involves risks. The past performance of a fund does not indicate its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Caution is advised in fund investment.
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