Group 1 - The semiconductor ETF (159813) opened down 0.09% at 1.079 yuan [1] - Key stocks in the semiconductor ETF include: Cambrian down 0.61%, SMIC down 1.15%, Haiguang Information up 0.75%, Northern Huachuang down 0.14%, Lanke Technology up 0.09%, Zhaoyi Innovation up 0.99%, Zhongwei Company unchanged, OmniVision up 0.30%, Changdian Technology down 0.13%, and Unisoc up 0.76% [1] - The performance benchmark for the semiconductor ETF is the National Securities Semiconductor Chip Index return, managed by Penghua Fund Management Co., Ltd. [1] Group 2 - Since its establishment on April 17, 2020, the semiconductor ETF has returned 61.80%, while the return over the past month is -3.43% [1]

Core Viewpoint - The Chip 50 ETF (516920) opened at 1.000 CNY, experiencing a slight decline of 0.10% on November 17, indicating a challenging market environment for semiconductor stocks [1] Group 1: ETF Performance - The Chip 50 ETF's performance benchmark is the CSI Chip Industry Index return [1] - Since its inception on July 27, 2021, the ETF has recorded a return of -0.08% [1] - Over the past month, the ETF has seen a return of -4.01% [1] Group 2: Major Holdings Performance - Major holdings in the Chip 50 ETF include: - SMIC (中芯国际) down 1.15% [1] - Cambricon (寒武纪) down 0.61% [1] - Haiguang Information (海光信息) up 0.75% [1] - Northern Huachuang (北方华创) down 0.14% [1] - Lattice Semiconductor (澜起科技) up 0.09% [1] - GigaDevice (兆易创新) up 0.99% [1] - Zhongwei Company (中微公司) unchanged [1] - OmniVision (豪威集团) up 0.30% [1] - Chipone (芯原股份) up 3.08% [1] - JCET (长电科技) down 0.13% [1]

Market Performance - The Tonghuashun Fruit Index concept fell by 2.76%, ranking among the top declines in concept sectors as of the close on November 14 [1] - The leading gainers in concept sectors included Hainan Free Trade Zone (+4.63%) and Horse Racing Concept (+1.65%), while the National Big Fund Holdings and Storage Chips saw declines of -3.07% and -2.94% respectively [1] Capital Flow - The Tonghuashun Fruit Index concept experienced a net outflow of 4.089 billion yuan, with 18 stocks seeing net outflows and 9 stocks exceeding 100 million yuan in outflows [1] - The stock with the highest net outflow was Industrial Fulian, with a net outflow of 1.760 billion yuan, followed by Dongshan Precision, Lens Technology, and Changdian Technology with net outflows of 425 million yuan, 388 million yuan, and 365 million yuan respectively [1] Notable Stocks - The stocks with significant net inflows included Wentai Technology and Zhuhai Guanyu, with net inflows of 131 million yuan and 15.35 million yuan respectively [2] - The top stocks in the outflow list included Industrial Fulian (-5.47%), Dongshan Precision (-4.24%), and Lens Technology (-4.32%) [1][2]

Core Viewpoint - The National Big Fund holding concept has seen a decline of 3.07%, ranking among the top losers in the concept sector, with significant drops in stocks like Baiwei Storage, Jiangbolong, and Yake Technology [1][2]. Market Performance - The National Big Fund holding concept experienced a net outflow of 5.573 billion yuan, with 45 stocks seeing net outflows, and 19 stocks exceeding 100 million yuan in outflows [2]. - The top net outflow stock was SMIC, with a net outflow of 1.264 billion yuan, followed by Jiangbolong, Changdian Technology, and Huahong with net outflows of 833 million yuan, 366 million yuan, and 210 million yuan respectively [2][3]. Stock Movements - Among the stocks in the National Big Fund holding concept, the top gainers included Times Electric and Canqin Technology, with increases of 0.76% and 0.21% respectively [1][4]. - The stocks with the largest declines included Jiangbolong at -10.77%, Baiwei Storage at -10.96%, and SMIC at -4.00% [2][3].

Core Viewpoint - The integrated circuit ETF (159546) opened with a decline of 1.81%, indicating a bearish trend in the sector [1] Group 1: ETF Performance - The integrated circuit ETF (159546) opened at 1.795 yuan [1] - Since its establishment on October 11, 2023, the fund has achieved a return of 82.90% [1] - The fund's performance over the past month has decreased by 6.56% [1] Group 2: Major Holdings Performance - Major holdings in the ETF include: - SMIC (中芯国际) opened down 0.08% [1] - Cambricon (寒武纪) fell by 2.52% [1] - Haiguang Information (海光信息) decreased by 2.13% [1] - Lattice Technology (澜起科技) dropped by 2.97% [1] - GigaDevice (兆易创新) declined by 5.05% [1] - Haowei Group (豪威集团) fell by 1.18% [1] - Chipone (芯原股份) decreased by 2.10% [1] - JCET (长电科技) dropped by 1.15% [1] - Unisoc (紫光国微) fell by 1.81% [1] - Tongfu Microelectronics (通富微电) decreased by 2.47% [1]

Core Viewpoint - Longji Technology's stock has experienced a decline of 7.96% year-to-date, with a recent drop of 2.01% on November 14, 2023, indicating potential challenges in the semiconductor industry [1][2]. Financial Performance - For the period from January to September 2025, Longji Technology reported a revenue of 28.669 billion yuan, representing a year-on-year growth of 14.78%. However, the net profit attributable to shareholders decreased by 11.39% to 0.954 billion yuan [2]. - Cumulative cash dividends since the A-share listing amount to 1.533 billion yuan, with 0.805 billion yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 17.94% to 376,300, while the average number of tradable shares per person decreased by 15.21% to 4,755 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 52.8334 million shares, a decrease of 48.3210 million shares from the previous period [3].

Core Viewpoint - The semiconductor ETF from Southern (159325) opened with a decline of 1.62%, indicating a bearish trend in the semiconductor sector [1] Group 1: ETF Performance - The Southern Semiconductor ETF (159325) opened at 1.456 yuan, reflecting a decrease of 1.62% [1] - Since its establishment on October 31, 2024, the fund has achieved a return of 47.93%, while its return over the past month has been -6.60% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC: down 0.08% - Cambricon: down 2.52% - Haiguang Information: down 2.13% - Northern Huachuang: down 1.13% - Lanke Technology: down 2.97% - Zhaoyi Innovation: down 5.05% - Zhongwei Company: down 2.48% - OmniVision: down 1.18% - Changdian Technology: down 1.15% - Unisoc: down 1.81% [1]

Core Insights - The Tonghuashun Fruit Index concept declined by 0.29%, ranking among the top declines in the concept sector, with notable declines in stocks such as Dongshan Precision, Xunwei Communication, and Saiteng Co., Ltd. [1] - In contrast, seven stocks within the same sector experienced price increases, with Desay Battery, Zhongshi Technology, and Changdian Technology leading the gains at 5.07%, 3.68%, and 1.46% respectively [1]. Concept Sector Performance - The top-performing concept sectors included Fluorochemical (up 4.50%), Organic Silicon (up 4.47%), and Sodium-ion Battery (up 4.47%), while the Tonghuashun Fruit Index was among the laggards [2]. - The sector saw a net outflow of 999.7 million yuan, with 14 stocks experiencing net outflows, and seven stocks seeing outflows exceeding 100 million yuan [2]. Major Stock Movements - The stocks with the highest net outflows included BOE Technology Group with a net outflow of 200 million yuan, followed by Xunwei Communication, Lens Technology, and Dongshan Precision [2]. - Conversely, the stocks with the highest net inflows were Changdian Technology, Zhongshi Technology, and Zhuhai Guanyu, with net inflows of 62.58 million yuan, 47.05 million yuan, and 43.70 million yuan respectively [2][3]. Individual Stock Performance - Notable declines in individual stocks included Xunwei Communication (-3.70%), Lens Technology (-2.25%), and Dongshan Precision (-4.42%) [2][3]. - In contrast, Desay Battery saw a significant increase of 5.07%, while Zhongshi Technology and Changdian Technology also posted gains of 3.68% and 1.46% respectively [3].

Group 1 - The Chip 50 ETF (516920) opened down 0.98% at 1.013 yuan on November 12 [1] - Major holdings in the Chip 50 ETF include companies like SMIC, which opened down 0.62%, and Cambrian, which fell 1.35% [1] - The performance benchmark for the Chip 50 ETF is the CSI Chip Industry Index return, managed by Huatai-PineBridge Fund Management Co., Ltd. [1] Group 2 - Since its establishment on July 27, 2021, the Chip 50 ETF has returned 2.27%, while its return over the past month has been -5.79% [1]

Core Viewpoint - The leading chip ETF (159801) opened down 0.93% at 0.852 yuan, reflecting a broader trend in the semiconductor sector [1] Group 1: ETF Performance - The performance benchmark for the chip ETF is the return rate of the National Securities Semiconductor Chip Index during the same period [1] - Since its establishment on January 20, 2020, the fund has achieved a return of 71.76% [1] - Over the past month, the fund has experienced a return of -5.26% [1] Group 2: Major Holdings Performance - Major holdings in the chip ETF include: - Cambrian (down 1.35%) - SMIC (down 0.62%) - Haiguang Information (down 0.18%) - Northern Huachuang (down 0.83%) - Lanke Technology (down 1.53%) - Zhaoyi Innovation (down 1.84%) - Zhongwei Company (down 0.36%) - OmniVision (unchanged) - Changdian Technology (down 0.57%) - Unisoc (down 0.34%) [1]