Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-07-31 02:51Group 1 - The core viewpoint is that the ChiNext 50 index is currently undervalued with a price-to-earnings ratio at the 23.82% percentile over the past decade, significantly lower than the mainstream broad-based indices which are at 60%-80% valuation levels, indicating a relative advantage [1] - The profit growth rate for the ChiNext 50 in the first quarter reached 19%, which is substantially higher than the 3.46% growth rate for the entire A-share market, highlighting its strong performance [1] - Macro factors such as the gradual decline in long-term interest rates and policies aimed at reducing competition are facilitating capacity clearance, while new industries like AI computing power, innovative pharmaceuticals, semiconductors, and new energy vehicles are entering a cyclical turning point, creating conditions for valuation recovery of the ChiNext 50 [1] Group 2 - The ChiNext 50 index includes 50 high-growth entrepreneurial companies listed on the Shenzhen Stock Exchange, covering various sectors such as information technology, healthcare, and industrials, and reflects the market performance of quality enterprises in China's innovation economy [1] - The index tends to select companies with larger market capitalizations and good liquidity, demonstrating a clear growth style, which is appealing in the current market environment where institutional investors are replenishing positions and reallocating funds between stocks and bonds [1] - The ChiNext 50 ETF by Guotai (159375) tracks the ChiNext 50 index (399673) and can experience daily price fluctuations of up to 20%, making it a notable investment option for those looking to capitalize on the growth potential of the index [1]