On Friday, March 6, the Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec (589520), which focuses on the domestic AI industry chain, showed active trading in the morning session. Its intraday gain reached 1.08%, and it is currently up 0.92%. Frequent premium intervals in the market indicate strong buying pressure.
Among the constituent stocks, Transwarp Technology-U led gains with an increase of over 11%. Others like China Aerospace Digital Technology Co., Ltd., We Sheng Information Co., Ltd., and Haitian Ruisheng Science & Technology Corporation rose more than 4%. Companies such as AsiaInfo Security Technologies Co., Ltd., Qi An Xin Technology Group Inc., Sinodata Co., Ltd., and ArcSoft Corporation also followed with gains.
In terms of news, AI industry chain companies on the Star Market delivered impressive results for 2025. Preliminary earnings reports show that more than 30 companies achieved a combined revenue of 173.8 billion yuan, a 26% year-over-year increase. Net profit attributable to shareholders reached 12.6 billion yuan, surging 196% compared to the previous year. AI firms like Cambricon Technologies Corporation Limited and Orbbec are expected to remove the "U" suffix, indicating a shift from loss-making status. Companies such as Biwin Storage Technology Co., Ltd. and Shijia Photons also reported explosive growth, signaling that China's AI industry is transitioning from a "burning cash on R&D" phase to a "value creation" stage.
On the policy front, with the deepening implementation of China's "AI Plus" initiative, synergistic effects between policy and market continue to emerge. The "Opinions on Deepening the Implementation of the 'AI Plus' Initiative" provide policy support for computing infrastructure, directly driving explosive demand in chips, storage, and optical communication sectors. Meanwhile, the Star Market's "1+6" reforms have optimized listing pathways for unprofitable enterprises, facilitating refinancing to boost R&D investment and offering capital support for AI companies to navigate development cycles.
Specifically, among the constituents of the Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec (589520), Haitian Ruisheng Science & Technology Corporation provides data support for domestic large model development. On the application side, Kingsoft Corporation Limited's WPS AI has seen rapid growth in monthly active users. ArcSoft Corporation's visual algorithms have achieved mass production in AI glasses, while Intsig Information Co., Ltd. has built technical barriers with its intelligent document processing technology. Orbbec promotes embodied intelligence applications through its 3D vision technology. These companies closely align with "AI plus scenario" demands, forming a virtuous cycle of "technology R&D - product iteration - commercial closure," gradually enhancing profitability.
Looking ahead, industry insiders note that as AI technology integrates deeply with the real economy, the Star Market's "AI corps" is poised to take a more proactive role in the global value chain. When "Chinese chips" meet "Chinese scenarios," and technological innovation converges with policy dividends, China's AI industry is set to achieve more "zero-to-one" breakthroughs, injecting robust momentum into the nation's high-quality economic development.
The Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec (589520) and its feeder funds (Feeder A: 024560, Feeder C: 024561) focus on the domestic AI industry chain. Constituent stocks include leading domestic GPU producers like Cambricon Technologies Corporation Limited, top ASIC manufacturers such as VeriSilicon Microelectronics Co., Ltd., and AI application leaders like Kingsoft Corporation Limited. The semiconductor sector accounts for nearly half of the weighting, offering strong offensive potential, while the software sector, with over 30% weighting, stands to benefit from catch-up trends in AI applications. Additionally, the ETF is a margin trading target, serving as an efficient tool for gaining exposure to domestic computing power.
ETF fee note: The Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec does not charge a sales service fee. Subscription and redemption agents may collect a commission of up to 0.5%, which includes fees charged by exchanges and registration institutions. In-market trading fees are subject to the rates set by securities firms.
Feeder fund fee note: For the Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec Feeder Fund (Class A), the subscription fee is 1,000 yuan per transaction for amounts of 2 million yuan or more, 0.6% for amounts between 1 million and 2 million yuan, and 1% for amounts below 1 million yuan. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days or more. No sales service fee is charged. For the Class C feeder fund, there is no subscription fee. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days or more, with a sales service fee of 0.3%.
Risk warning: The Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec passively tracks the Shanghai Science and Technology Innovation Board Artificial Intelligence Index, which has a base date of December 30, 2022, and was launched on July 25, 2024. The index recorded annual gains of 12.68% in 2023 and 32.36% in 2024. Constituent stocks are adjusted according to the index methodology, and past performance does not indicate future results. Individual stocks and index constituents mentioned 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 rates the Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Sec as R4 (moderately high risk), suitable for aggressive (C4) and higher risk-tolerance investors. Suitability assessments should be confirmed with sales institutions. All information provided is for reference only, and investors are responsible for their investment decisions. Views, analyses, and forecasts do not constitute investment advice, and no liability is accepted for losses arising from the use of this content. Fund investments carry risks; past performance does not guarantee future results, and the performance of other funds managed by the fund manager does not indicate the performance of this fund. Invest with caution.
Comments