Venture(US:VEMLY) Sou Hu Cai Jing·2025-05-15 02:52Group 1 - The core viewpoint indicates that the fundamentals of the ChiNext board are improving, with valuation levels entering historically low ranges, highlighting significant investment value [1] - According to Shenwan Hongyuan's latest research, the revenue and net profit growth rates of A-shares have both turned positive, with the ChiNext board showing particularly strong performance [1] - In Q1 2025, the non-recurring net profit growth rate of the ChiNext board increased significantly by 28.8 percentage points, turning from negative to 17.4%, while revenue growth also improved by 5.3 percentage points to 7.9%, demonstrating strong profit recovery capabilities [1] Group 2 - The ChiNext index comprises core assets from emerging industries and high-tech enterprises, with a notable growth profile [1] - The industry distribution shows that the three high-growth sectors—power equipment, pharmaceuticals, and electronics—account for approximately 56% of the index, with power equipment at 30.9%, pharmaceuticals at 13.5%, and electronics at 11.7%, reflecting the index's coverage of strategic emerging industries [1] - As of May 14, the ChiNext index's price-to-earnings ratio is 31 times, which is at a historically low 11% percentile level, indicating significant investment cost-effectiveness [1] Group 3 - The ChiNext ETF by Guangfa (159952) closely tracks this index, providing an efficient tool for investors to capitalize on ChiNext opportunities due to its growth attributes and cost advantages [2] - The latest scale of the ETF exceeds 10 billion yuan, ranking among the top two in its category, with ample liquidity [2] - The ETF has a 20% price fluctuation mechanism, offering better trading elasticity compared to traditional broad-based indices, and features a low management fee rate of 0.15% and a custody fee of 0.05%, significantly reducing long-term holding costs for investors [2] Group 4 - According to Everbright Securities, the current valuation of the A-share market is near the average since 2010, and with proactive policy measures, incremental funds from medium to long-term investors may continue to flow into the market, potentially supporting a bullish trend [2] - For investors without stock accounts, the ChiNext ETF can be accessed through off-market connection funds, which offer low fees and flexible redemption options [2]