Today (May 12), Zhongji Innolight Co.,Ltd., a leading optical module manufacturer, continued its strong upward momentum, with its intraday share price exceeding 1,000 yuan per share, setting a new historical high. Following Imeik Technology Development Co.,Ltd., Zhongji Innolight Co.,Ltd. has become the second stock in the history of the ChiNext Board to reach this thousand-yuan milestone.
Over a longer period, Zhongji Innolight Co.,Ltd. has surged by 897.88% in the past year. During the same period, 17 constituent stocks of the STAR ChiNext 50 ETF (588330) have seen their share prices double. Among them, Eoptolink Technology Inc.,Ltd., another optical module leader, has gained 625.55%, while Shenzhen Longsys Electronics Co.,Ltd., a leading memory chip company, has risen by 617.72%, ranking among the top performers.
Benefiting from the strong rally in hard-tech constituents, the underlying index (STAR ChiNext 50 Index) of the STAR ChiNext 50 ETF (588330) has surged 119.43% over the past year, outperforming major indices such as the ChiNext 50 (111.75%), the ChiNext Index (95.30%), the STAR Market Composite Index (78.26%), and the STAR 50 Index (70.59%), leading the pack among hard-tech broad-based indices.
Statistical data period: May 11, 2025 - May 11, 2026. The annual performance of the CSI STAR ChiNext 50 Index from 2021 to 2025 was: 0.37%, -28.32%, -18.83%, 13.63%, 60.86%. The index composition is adjusted according to its compilation rules, and its historical back-tested performance does not indicate future results.
The strong continue to strengthen. In today's (May 12) market session, the hard-tech broad-based ETF, which is fully allocated to new quality productive forces—the STAR ChiNext 50 ETF (588330)—saw its on-market price rise another 1.75%, hitting a new historical high. Among its constituents, National Silicon Industry Group Co., Ltd. led gains with an increase of over 9%, Cambricon Technologies Corporation Limited rose more than 7%, Zhongji Innolight Co.,Ltd. gained over 6%, Eoptolink Technology Inc.,Ltd. advanced more than 5%, with TFC Optical Communication Co.,Ltd. and VeriSilicon Microelectronics (Shanghai) Co., Ltd., among others, also rising.
China Securities Co., Ltd. predicts that the A-share market will experience a structural slow bull market in the second half of 2026, driven by structural sector prosperity and concentrated fund flows. It advises investors to follow an investment strategy centered on "prosperity as the guiding principle," focusing on two main themes: the "computing power bull" and the "recovery bull." For the AI computing power theme, attention should be paid to the spread of prosperity across the entire industry chain. TF Securities recommends maintaining a relatively high equity allocation, continuing to focus on the technology and growth style, with industry allocation centered on core sectors like communications, electronics, and computer science.
[Unfazed by Rotation, Access China's Core Technology in One Click] The hard-tech broad-based ETF—the STAR ChiNext 50 ETF (588330) and its off-exchange feeder funds (Class A: 013317 / Class C: 013318)—tracks a target index that selects the 50 largest listed companies in strategic emerging industries from the STAR Market and the ChiNext Board. It encompasses popular themes such as optical modules, semiconductors, and photovoltaic equipment. Furthermore, this ETF is eligible for [margin trading and securities lending] and [Stock Connect], making it an efficient tool for a one-click allocation to new quality productive forces.
Note: The STAR ChiNext 50 ETF (588330) was previously referred to on the market as the "双创龙头ETF" (STAR ChiNext Leaders ETF). Risk Disclosure: The STAR ChiNext 50 ETF passively tracks the CSI STAR ChiNext 50 Index. The base date for this index is December 31, 2019, and it was launched on June 1, 2021. The index's annual performance from 2021 to 2025 was: 0.37%, -28.32%, -18.83%, 13.63%, 60.86%. The index composition is adjusted according to its compilation rules, and its historical back-tested performance does not indicate future results. The index constituents mentioned in this article are for illustrative purposes only. Descriptions of individual stocks do not constitute any form of investment advice nor represent the holdings or trading动向 of any fund managed by the asset manager. The risk rating assigned by the fund manager for the STAR ChiNext Leaders ETF is R4 (Medium-High Risk), suitable for aggressive (C4) and above investors. Suitability assessment 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 solely responsible for any independent investment decisions. Furthermore, any views, analysis, or predictions in this article do not constitute investment advice of any kind to the reader, and no responsibility is assumed 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 indicate 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.
A MACD golden cross signal has formed, and these stocks are performing well.
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