Core Viewpoint - Yingjie Electric (300820) emphasizes the importance of its partnership with Zhongwei Company in the semiconductor power supply business, highlighting the positive impact of Zhongwei's Chengdu production base on its operations [1] Group 1 - The Chengdu production base of Zhongwei Company is under construction and will contribute to the development of Yingjie Electric's semiconductor power supply business [1] - The collaboration between Yingjie Electric and Zhongwei Company is based on a strong foundation established through previous cooperation [1] - The geographical convenience of the two locations will enhance the operational efficiency of the semiconductor power supply business [1]

Market Overview - The net inflow of main funds in the Shanghai and Shenzhen markets reached 27.724 billion yuan, with the Sci-Tech Innovation Board seeing a net inflow of 3.374 billion yuan [1] - A total of 269 stocks experienced net inflows, while 320 stocks faced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 532 stocks rose, with four stocks hitting the daily limit, including Zhengyuan Dixin and Fangyuan Co., while 55 stocks declined [1] - Among the stocks with significant net inflows, 11 stocks had inflows exceeding 100 million yuan, with SMIC leading at 978 million yuan [2] Continuous Fund Flow - There are 27 stocks that have seen continuous net inflows for more than three trading days, with Kangwei Century leading at 13 consecutive days of inflow [2] - Conversely, 180 stocks have experienced continuous outflows, with Hangke Technology facing the longest streak at 14 consecutive days of outflow [2] Top Fund Inflows - The top stocks by net inflow include: - SMIC: 977.8 million yuan, with a flow rate of 9.89% and a price increase of 3.72% [2] - Haiguang Information: 457.1 million yuan, with a flow rate of 5.76% and a price increase of 3.57% [2] - Zhongwei Company: 308.7 million yuan, with a flow rate of 8.48% and a price increase of 2.61% [2] Notable Outflows - The stock with the highest net outflow is Huahong Company, which saw a net outflow of 287 million yuan and a price decrease of 0.62% [1] - Other notable outflows include Dongxin Co. and Jinghe Integration, with net outflows of 178 million yuan and 157 million yuan, respectively [1]

Core Viewpoint - The semiconductor industry in China is experiencing significant growth driven by government support, evolving global trade dynamics, and increasing domestic demand for AI and consumer electronics [4][5]. Group 1: Market Performance - The Shanghai Stock Exchange Sci-Tech Innovation Board Chip Index rose by 2.76%, with notable increases in stocks such as SourceJect Technology (up 17.04%) and Baiwei Storage (up 6.30%) [1]. - The Sci-Tech Chip ETF (588200) increased by 2.64%, with a trading volume of 2.128 billion yuan and a turnover rate of 5.42% [3]. - Over the past three months, the Sci-Tech Chip ETF's scale grew by 7.184 billion yuan, ranking first among comparable funds [3]. Group 2: Fund Performance - The Sci-Tech Chip ETF saw a significant increase in shares, with a growth of 1.005 billion shares over the past two weeks, also ranking first among comparable funds [3]. - The ETF recorded a net inflow of 91.1468 million yuan, with a total of 2.602 billion yuan net inflow over the last eight trading days [3]. - As of October 20, 2025, the ETF's net value increased by 132.31% over the past three years, placing it in the top 1% of index equity funds [3]. Group 3: Industry Trends - The semiconductor industry is entering a new upward cycle, supported by government policies and the AI innovation cycle, which enhances expectations for self-sufficiency in chip production [4]. - The domestic semiconductor sector is witnessing a wave of mergers and acquisitions across various fields, including materials, equipment, EDA, packaging, and chip design [5]. - Companies are engaging in horizontal and vertical mergers to expand their scale and improve the supply chain, reshaping the landscape of the domestic semiconductor industry [5]. Group 4: Key Stocks - The top ten weighted stocks in the Sci-Tech Chip Index account for 59.69% of the index, with notable performers including SMIC (up 3.32%) and Haiguang Information (up 2.61%) [3][7]. - Investors without stock accounts can access domestic chip investment opportunities through the Sci-Tech Chip ETF linked fund (017470) [7].

Core Viewpoint - Zhongwei Company has shown significant stock performance with a year-to-date increase of 42.07% and a market capitalization of 168 billion yuan as of October 21 [1] Financial Performance - For the first half of 2025, Zhongwei Company reported revenue of 4.961 billion yuan, representing a year-on-year growth of 43.88%, and a net profit of 706 million yuan, up 36.62% from the previous year [2] - Cumulative cash dividends since the company's A-share listing amount to 496 million yuan [2] Stock Market Activity - As of October 21, Zhongwei Company's stock price was 268.31 yuan per share, with a trading volume of 653 million yuan and a turnover rate of 0.39% [1] - The company experienced a net inflow of 37.71 million yuan from main funds, with significant buying activity from large orders [1] Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 46,900, with an average of 13,342 shares held per shareholder, a decrease of 2.15% [2] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, indicating a diversified institutional interest [3]

Core Viewpoint - The article discusses the performance of the Kexin 50 Enhanced ETF (588460), highlighting its recent market activity and key holdings, as well as its performance metrics since inception. Group 1: ETF Performance - Kexin 50 Enhanced ETF (588460) opened with a gain of 0.25%, priced at 1.618 yuan [1] - Since its inception on December 1, 2022, the fund has achieved a return of 61.44% [1] - The fund's return over the past month is reported at 1.06% [1] Group 2: Key Holdings - Major stocks in the Kexin 50 Enhanced ETF include: - Haiguang Information: up 0.20% [1] - SMIC: up 0.95% [1] - Cambrian: unchanged [1] - Lanke Technology: up 0.85% [1] - Kingsoft Office: up 0.42% [1] - Sitoway: up 0.02% [1] - Zhongwei Company: up 1.24% [1] - Hengxuan Technology: up 1.11% [1] - Huahai Qingke: up 0.79% [1] - Ninebot: up 0.75% [1] Group 3: Management Information - The Kexin 50 Enhanced ETF is managed by Penghua Fund Management Co., Ltd. [1] - The fund manager is Su Junjie [1]

Core Viewpoint - The Sci-Tech Chip ETF (588200) opened with a gain of 0.52%, indicating positive market sentiment towards the semiconductor sector [1] Group 1: ETF Performance - The Sci-Tech Chip ETF (588200) opened at 2.325 yuan, reflecting a 0.52% increase [1] - Since its establishment on September 30, 2022, the fund has achieved a return of 131.73% [1] - The fund's one-month return stands at 2.51% [1] Group 2: Major Holdings - Key stocks in the ETF include: - SMIC (中芯国际) up 0.95% - Haiguang Information (海光信息) up 0.20% - Cambrian (寒武纪) unchanged at 0.00% - Lattice Technology (澜起科技) up 0.85% - Zhongwei Company (中微公司) up 1.24% - Chipone (芯原股份) up 0.39% - Hu Silicon Industry (沪硅产业) up 0.82% - Hengxuan Technology (恒玄科技) up 1.11% - Sitaiwei (思特威) up 0.02% - Huahai Qingke (华海清科) up 0.79% [1]

Core Insights - Chengdu is experiencing a surge in major project construction, showcasing strong momentum in attracting investment and promoting economic growth [1][12] - The projects span various industries, including high-end equipment manufacturing, modern logistics, integrated circuits, digital cultural creation, and emerging consumption [1][12] Group 1: High-End Manufacturing - German company Moden Machine Tool signed an agreement to establish its China headquarters and R&D production base in Chengdu, focusing on high-precision gear machine tools [2] - Zhongwei Company has commenced construction of its R&D and production base in Chengdu, with a total investment of approximately 3.05 billion yuan, specializing in semiconductor equipment [4] - Chengdu Huami Technology has relocated to Chengdu Chip Valley, enhancing its R&D capabilities in integrated circuits with a new facility covering 75 acres and a laboratory space of 13,000 square meters [4] Group 2: Modern Logistics - ZTO Express has launched its Southwest headquarters in Jianyang, with a total investment of 2 billion yuan, featuring a super distribution center capable of processing over 20 billion packages annually [5] - The center is designed to improve sorting efficiency by over 33%, enhancing logistics capabilities in the Southwest region [5] Group 3: Digital Cultural Creation - The International Digital Film and Television Base project has begun construction in Chengdu, with an investment of approximately 3.1 billion yuan, expected to create around 3,000 direct jobs and over 20,000 indirect jobs [6] - The project aims to establish three major service platforms for the digital film industry, promoting efficient collaboration [6] Group 4: Ecological and Consumer Projects - The Qilong Green Axis Park project has commenced construction, covering approximately 49,200 square meters, aimed at creating a seamless connection between park and urban life [7] - The Chengxin Puxing Sky Road green space project has been completed, transforming a previously unused area into a community park of about 66,000 square meters [10] - Chengdu Bailian Outlet Plaza, a flagship project with an investment of over 3 billion yuan, is set to integrate panda-themed attractions with retail, expected to generate over 3 billion yuan in annual revenue [12]

Core Viewpoint - The Sci-Tech Chip ETF Index (588920) opened with a gain of 1.62%, reaching 1.506 yuan, indicating positive market sentiment towards the semiconductor sector [1] Group 1: ETF Performance - The Sci-Tech Chip ETF Index (588920) has a benchmark performance based on the Shanghai Stock Exchange Sci-Tech Board Chip Index [1] - Since its establishment on July 16, 2025, the fund has achieved a return of 47.80% [1] - The fund's return over the past month is reported at 1.92% [1] Group 2: Major Holdings - Key stocks within the Sci-Tech Chip ETF Index include: - SMIC (中芯国际) with a gain of 1.74% [1] - Haiguang Information (海光信息) up by 2.96% [1] - Cambricon (寒武纪) increasing by 2.04% [1] - Lattice Technology (澜起科技) rising by 2.88% [1] - Zhongwei Company (中微公司) up by 2.33% [1] - Hu Silicon Industry (沪硅产业) gaining 1.83% [1] - Chipone (芯原股份) increasing by 3.41% [1] - Hengxuan Technology (恒玄科技) up by 1.98% [1] - Huahai Qingke (华海清科) rising by 1.96% [1] - Sitway (思特威) with the highest gain of 5.45% [1]

Group 1 - The semiconductor leader ETF (159665) opened with a gain of 1.25%, priced at 1.775 yuan [1] - Key holdings in the ETF include: - SMIC up 1.74% - Haiguang Information up 2.96% - Cambrian up 2.04% - North Huachuang up 1.64% - OmniVision up 1.41% - Lattice Semiconductor up 2.88% - Zhongwei Company up 2.33% - Zhaoyi Innovation up 3.24% - Changdian Technology up 1.90% - Unisoc up 1.71% [1] - The ETF's performance benchmark is the National Securities Semiconductor Chip Index return, managed by ICBC Credit Suisse Asset Management Company, with a return of 75.25% since its establishment on December 22, 2022, and a return of 0.36% over the past month [1]

Group 1: ETF Performance - The Sci-Tech Chip ETF has a turnover rate of 6.63% and a transaction volume of 2.604 billion yuan [3] - The latest scale of the Sci-Tech Chip ETF reached 38.493 billion yuan, ranking first among comparable funds [3] - In the past two weeks, the ETF's shares increased by 966 million, marking significant growth and leading among comparable funds [3] - Over the past seven trading days, the ETF recorded net inflows on five days, totaling 2.511 billion yuan [3] - As of October 17, the ETF's net value has risen by 130.66% over the past three years, ranking 16th out of 1890 index equity funds, placing it in the top 0.85% [3] - The highest monthly return since inception was 35.07%, with the longest consecutive monthly increase being four months and a maximum increase of 74.17% [3] - The average return during rising months is 9.90% [3] Group 2: Semiconductor Industry Insights - Nvidia's CEO stated that due to U.S. export controls, Nvidia's market share in China has dropped from 95% to 0%, indicating a complete exit from the Chinese market [4] - The global semiconductor industry is projected to grow from $631 billion in 2024 to over $1 trillion by 2030, with a CAGR of approximately 8% [4] - AI and High-Performance Computing (HPC) are expected to be the core drivers of this growth, with their share rising from 35% in 2025 to 48% in 2030 [4] - SEMI forecasts a 10% year-on-year increase in global wafer fabrication equipment (WFE) capital expenditure in 2026, reflecting strong growth in advanced process logic and memory capital expenditures driven by AI [4] - The semiconductor equipment industry may see a turning point in 2026, with advanced packaging equipment expected to reach a scale of $6.3 billion [4] Group 3: Top Weight Stocks - The top ten weighted stocks in the Shanghai Stock Exchange Sci-Tech Chip Index include: - Haiguang Information (10.22% weight, +1.77%) - Langqi Technology (10.15% weight, +1.80%) - SMIC (9.59% weight, +4.07%) - Cambricon (8.01% weight, -0.54%) - Zhongwei Company (6.80% weight, +1.59%) - Chipone (2.89% weight, +3.15%) - Hu Silicon Industry (2.63% weight, +0.65%) - Hengxuan Technology (2.50% weight, +1.21%) - Sitaiwei (2.46% weight, +6.16%) - Shenghai Qingke (2.39% weight, +1.20%) [6]