Xin Lang Cai Jing·2025-08-20 06:01Group 1: Market Performance - The Shanghai Stock Exchange Sci-Tech Innovation Board 100 Index (000698) increased by 0.37% as of August 20, 2025, with notable gains from constituent stocks such as Shengke Communication (688702) up 17.14% and Aiwei Electronics (688798) up 14.07% [1] - The Sci-Tech 100 Index ETF (588030) rose by 0.17%, with a latest price of 1.21 yuan, and has seen a cumulative increase of 5.21% over the past week, ranking 3rd among comparable funds [1] - The ETF experienced a turnover rate of 3.27% with a transaction volume of 234 million yuan, and an average daily transaction volume of 433 million yuan over the past week, leading among comparable funds [1] Group 2: Semiconductor Industry Insights - In 2024, global semiconductor equipment sales are projected to grow by 10% year-on-year, reaching 117.1 billion USD, driven by AI advancements and domestic semiconductor initiatives in China [2] - The domestic semiconductor cleaning equipment market in China is valued at 11.3 billion yuan, with a localization rate of 35%, indicating significant potential for domestic substitution [2] - The liquid cooling server market in China is expected to grow by 67% year-on-year in 2024, reaching 2.37 billion USD, with a projected CAGR of 46.8% from 2024 to 2029 [2] Group 3: ETF Growth Metrics - The Sci-Tech 100 Index ETF saw a significant increase in scale, growing by 469 million yuan over the past week, ranking 1st among comparable funds [3] - The ETF's share count increased by 21 million shares in the past week, also ranking 1st among comparable funds, with a net inflow of 29.14 million yuan [4] - Over the past five trading days, the ETF recorded net inflows on four days, totaling 310 million yuan, with an average daily net inflow of 6.21 million yuan [4] Group 4: Performance and Risk Metrics - As of August 15, 2025, the Sci-Tech 100 Index ETF had a Sharpe ratio of 1.63, indicating strong risk-adjusted returns [5] - The ETF's relative drawdown compared to the benchmark was 0.20% year-to-date, with a recovery period of 108 days [5] - The ETF has a management fee of 0.15% and a custody fee of 0.05%, which are among the lowest in comparable funds, and it has a tracking error of 0.020% year-to-date, indicating high tracking precision [6] Group 5: Index Composition - The Sci-Tech 100 Index consists of 100 securities selected from the Shanghai Stock Exchange Sci-Tech Innovation Board, focusing on mid-cap stocks with good liquidity [6] - As of July 31, 2025, the top ten weighted stocks in the index accounted for 23.52% of the total index weight, including companies like Borui Pharmaceutical (688166) and BeiGene (688235) [6]