Cambricon(SH:688256) Xin Lang Ji Jin·2025-08-12 03:00Core Viewpoint - The article highlights the strong performance and trading activity of the "Double Innovation Leading ETF" (588330) in the A-share market, indicating a bullish sentiment among investors, particularly in sectors like optical modules, electronics, and medical devices [1][2][3]. Group 1: Optical Modules - The leading companies in the optical module sector include Zhongji Xuchuang, which is recognized as the absolute leader in the 1.6T field with a technological edge of 1-2 years over competitors [1] - New Yisheng, a core supplier for Meta, has exceeded expectations with over 8 million 800G orders [1] - Tianfu Communication, the exclusive supplier of optical engine technology, is expected to benefit from the ramp-up in 1.6T production [1] - The demand driven by the AI computing "arms race" is anticipated to continue exceeding expectations, suggesting investment opportunities in the optical module sector [1]. Group 2: Electronics - The electronics sector is experiencing a strong upward trend in North America, which is boosting related supply chains [2] - TSMC has raised its revenue growth forecast from approximately 25% to 30% due to sustained strong AI demand and a moderate recovery in non-AI demand [2] - Semiconductor companies like SMIC and Huahong are nearing full capacity utilization, with optimistic order demand outlooks, indicating continued high prosperity in the semiconductor sector [2]. Group 3: Medical Devices - The National Medical Insurance Administration has held five meetings focused on "Medicare Support for Innovative Drugs and Devices," emphasizing the importance of innovation across the entire chain from research and development to payment [2] - This initiative is expected to promote the development of the innovative drug and medical device industries [2]. Group 4: Market Outlook - The growth style is likely to dominate, with high-prosperity sectors remaining the focus of market attention [3] - The market is expected to experience a rotation of hotspots during the policy window and concentrated disclosure period of mid-year reports, suggesting a need for strategic positioning [3]. - Investment recommendations include focusing on sectors with positive trends such as anti-involution, technological independence, and innovative pharmaceuticals [3]. Group 5: ETF Characteristics - The "Double Innovation Leading ETF" features a 100% strategic emerging market focus, selecting 50 large-cap companies from the Sci-Tech Innovation Board and the Growth Enterprise Market [6] - It serves as a high-elasticity tool for capturing technology market trends, with a lower investment threshold compared to direct investments in individual stocks [6].