2025年以来AI推理景气度持续提升，科创100指数ETF(588030)上涨1.13%冲击4连涨

Core Viewpoint - The Shanghai Stock Exchange's Sci-Tech Innovation Board 100 Index (000698) has shown strong performance, with significant increases in both the index and its constituent stocks, driven by the growth of the artificial intelligence (AI) sector in Shanghai [3][4]. Group 1: Index Performance - As of July 24, 2025, the Sci-Tech Innovation Board 100 Index rose by 1.56%, with notable gains from stocks such as Jinpan Technology (up 9.42%) and Sangfor Technologies (up 8.77%) [3]. - The Sci-Tech 100 Index ETF (588030) has experienced a 3.50% increase over the past week, ranking 1 out of 11 comparable funds [3]. - The ETF's trading volume reached 1.37 billion yuan, with a turnover rate of 2.14% [3]. Group 2: AI Sector Growth - Shanghai has integrated AI into its three leading industries, implementing policies to create a comprehensive ecosystem for AI development [3]. - The AI industry in Shanghai exceeded 118 billion yuan in scale in Q1 2025, marking a 29% year-on-year growth, with profits increasing by 65% [3]. Group 3: ASIC Market Insights - The development of AI Agent technology has led to a significant increase in AI inference volume, with Google's AI Token inference reaching 480 trillion in April 2025, a 50-fold increase year-on-year [4]. - ASIC chips are expected to dominate the market due to their lower power consumption and cost compared to GPUs, particularly in applications like search ranking and SaaS [4]. Group 4: ETF Financial Metrics - The Sci-Tech 100 Index ETF has achieved a 50.81% net value increase over the past year, ranking 346 out of 2936 in equity fund performance [5]. - The ETF's highest monthly return since inception was 27.67%, with an average monthly return of 8.57% [5]. - The ETF's Sharpe ratio was recorded at 1.30 as of July 18, 2025, indicating strong risk-adjusted returns [6]. Group 5: Fund Characteristics - The management fee for the Sci-Tech 100 Index ETF is 0.15%, and the custody fee is 0.05%, which are among the lowest in comparable funds [6]. - The ETF closely tracks the Sci-Tech Innovation Board 100 Index, which includes 100 securities selected for their market capitalization and liquidity [6]. Group 6: Top Holdings - As of June 30, 2025, the top ten weighted stocks in the Sci-Tech Innovation Board 100 Index accounted for 22.99% of the index, including companies like BeiGene and Ruichuang Micro [7].