The electronics sector led the market again today (May 13th). The computing hardware concept surged in the afternoon session, with Foxconn Industrial Internet Co.,Ltd., Avary Holding (Shenzhen) Co., Ltd., and Shengyi Technology Co., Ltd. hitting the daily 10% limit-up. Maxscend Microelectronics Co., Ltd. soared over 15%. Huabao Fund's Electronic ETF (515260), which aggregates core leaders in the electronics sector, saw its intraday gain reach as high as 3.7%, closing up 3.46% and setting a new historical high. Amid the heated market, this ETF attracted a net inflow of 6.89 million yuan yesterday.
In terms of capital flows, the electronics sector recorded a net main fund inflow of 64.593 billion yuan for the day. Over a longer horizon, the sector attracted inflows of 136.280 billion yuan and 344.776 billion yuan over the past 5 and 20 trading days, respectively, consistently ranking first among the 31 primary Shenwan industries. Foxconn Industrial Internet Co.,Ltd., a constituent stock of the Electronic ETF (515260), received a net main fund inflow of 9.1 billion yuan, topping the A-share capital attraction list.
Recently, a sharp increase in Q1 capital expenditure by North American cloud providers, coupled with Hon Hai's significant upward revision of its CPO switch cabinet shipment targets, has once again made the AI computing power sector a focal point for capital. Regarding key stocks, Hon Hai Group, the parent company of Foxconn Industrial Internet Co.,Ltd., has begun shipping its all-optical CPO switch cabinets to NVIDIA ahead of schedule, far faster than previous market expectations. Furthermore, the shipment target has been revised upward to over 50,000 units by 2026-2027. Notably, Hon Hai Group's (Foxconn) factory in Vietnam has commenced production of these all-optical CPO switch cabinets and is supplying NVIDIA ahead of schedule. Currently, product supply cannot meet demand, with extremely tight capacity. Even demonstration cabinets have been fully delivered to NVIDIA, indicating a situation of severe shortage. From an industry chain perspective, major global cloud service providers (CSPs) like Google, Meta, and ByteDance have recently revised their 2026 capital expenditure guidance upward again, injecting sustained growth momentum into the AI computing power industry chain. Guosheng Securities believes that CSPs, represented by Google, have demonstrated a clear positive feedback model: computing power investment - order growth - computing power shortage - capital expenditure revision. Their cloud business growth is expected to accelerate further, with a relatively optimistic outlook for the sustainability of subsequent growth momentum, which is anticipated to further fuel the growth of the AI computing power industry chain. Looking ahead, CITIC Securities is optimistic that "price increases + AI + domestic self-sufficiency/controllability" could form a strong main theme for the electronics sector throughout the year. The electronics industry's positive momentum is expected to continue, with AI remaining the primary driver. Overseas and domestic computing power are expected to grow in synergy, and expansion of advanced logic/memory production is likely to accelerate. The firm maintains a positive view on the overall future performance of the electronics sector, recommending four main themes: the domestic computing power chain, the semiconductor equipment chain, the overseas computing power chain, and the overall recovery of consumer electronics.
[Embracing Tech Giants, Seizing Development Opportunities] Huabao Fund's Electronic ETF (515260) and its feeder funds (Class A: 012550 / Class C: 012551) passively track the CSI Electronic 50 Index. They are heavily weighted in the semiconductor and consumer electronics industries, aggregating exposure to hot sectors like AI chips, automotive electronics, 5G, and printed circuit boards (PCBs). Their top holdings include Luxshare Precision Industry Co., Ltd., Cambricon Technologies Corporation Limited, Foxconn Industrial Internet Co.,Ltd., and Semiconductor Manufacturing International Corporation. Additionally, this ETF is eligible for margin trading and securities lending and is included in Stock Connect programs, serving as an efficient tool for a one-stop allocation to core assets in the electronics sector.
* Institutional views referenced from: ① Guosheng Securities report "Overseas CSPs Revise Up Capital Expenditure, Computing Hardware Demand Soars" dated May 5th; ② CITIC Securities report "Summary of Q1 2026 Performance for the Electronics Industry - Industry Momentum Continues Upward, Firmly Optimistic About Four Directions" dated May 7th. Risk Disclosure: The Electronic ETF (515260) passively tracks the CSI Electronic 50 Index. The base date for this index is December 31, 2008, and it was launched on July 22, 2009. The index composition is adjusted according to its rules, and its historical back-tested performance does not indicate future results. Individual stocks and index constituents mentioned herein are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice of any form, nor do they represent the holdings or trading trends of any fund managed by the fund manager. The fund manager assesses the risk rating of the Electronic ETF as R3 - Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Suitability matching opinions should be based on the selling institution. All information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice to readers and shall not be liable 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 constitute a guarantee of this fund's performance. Invest in funds with caution.
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