SMIC and Zhongji Innolight Hit Record Highs! Dual Innovation 50 ETF Soars 2.6%, Attracting 23.96 Million Yuan in Single-Day Inflows

Today (May 28), leading optical module companies Zhongji Innolight Co.,Ltd. and Xinyisheng, alongside semiconductor leader Semiconductor Manufacturing International Corporation, reached new all-time highs. The hard technology broad-based index covering 50 high-growth leaders from the ChiNext and STAR markets — the Dual Innovation 50 ETF (588330) — built on yesterday's record by surging as much as 2.66% intraday, currently up 2.44%.

Amidst the heated market activity, capital is flowing in actively. Data shows the Dual Innovation 50 ETF (588330) attracted a single-day inflow of 23.96 million yuan yesterday.

In the semiconductor sector, Taiwan Semiconductor Manufacturing plans to raise prices for its 3-nanometer process wafer foundry services again in the second half of 2026, with increases potentially reaching up to 15%, and possibly rising another 5% to 10% in 2027. Industry insiders point out this will directly benefit domestic foundries in terms of order acquisition and profit improvement through three mechanisms: "spillover of advanced process demand," "industry price linkage," and "deepening of domestic substitution trends."

Regarding the optical module sector, China Merchants Securities notes that 2026 marks a major year of capacity expansion for optical modules. High-speed optical modules, represented by 800G, are benefiting from the sustained explosive growth in AI data center computing power demand. Major optical module manufacturers have initiated a new round of expansion cycles, driving rapid growth in procurement demand for upstream equipment. The drivers behind this surge in optical module equipment demand are seen as having strong sustainability.

Huatai Securities emphasizes the technology sector in its mid-term strategy. According to Huatai Securities, referencing the "fund allocation clock" framework, there is still room for further upside in both the positioning and stock prices of the technology sector.

Looking ahead, Shenwan Hongyuan points out that the major wave trend is not over and is gathering strength for the next move. Short-term momentum effects are concentrated in semiconductor equipment and computing power inflation areas (such as PCBs), while medium-term focus remains on the inflection point in new energy sector prosperity.

Over a longer horizon, the underlying index (the S&P Science and Technology Innovation Board and ChiNext 50 Index) of the Dual Innovation 50 ETF (588330) has surged 143.25% over the past year, significantly outperforming major indices like the ChiNext 50 (120.11%) and the STAR 50 (84.82%), leading the pack among hard technology broad-based indices.

Statistical data period: May 27, 2025 to May 27, 2026. The annual returns of the S&P Science and Technology Innovation Board and ChiNext 50 Index from 2021 to 2025 were: 0.37%, -28.32%, -18.83%, 13.63%, 60.86%. The index constituents are adjusted according to its compilation rules, and its back-tested historical performance does not indicate future results.

[Unfazed by Rotation, Bundle China's Core Technology in One Click] The hard technology broad-based index — the Dual Innovation 50 ETF (588330) and its off-exchange feeder funds (Class A: 013317 / Class C: 013318) — selects the 50 largest listed companies in strategic emerging industries from the STAR and ChiNext markets as index components, encompassing hot themes like optical modules, semiconductors, and photovoltaic equipment. With a 20% daily price limit, capturing rebounds may be faster. Additionally, this ETF is eligible for [margin trading] and [Stock Connect], making it an efficient tool for a one-click allocation to new quality productive forces.

Note: The Dual Innovation 50 ETF (588330) was previously known as the Dual Innovation Leaders ETF.

Risk Disclosure: The Dual Innovation 50 ETF passively tracks the CSI Science and Technology Innovation Board and ChiNext 50 Index. The index base date is December 31, 2019, and it was launched on June 1, 2021. Index constituents are adjusted according to its compilation rules, and its back-tested historical performance does not indicate future results. The index constituents mentioned are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings or trading动向 of any fund managed by the asset manager. The risk rating assessed by the fund manager for the Dual Innovation Leaders ETF is R4 - Medium to High Risk, suitable for aggressive (C4) and above investors. Suitability matching opinions are subject to the sales institutions. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice of any kind to readers, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks. The past performance of a fund does not guarantee its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest in funds with caution.

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