小尺寸模型加速落地，国产软件生态再升级，软件ETF(159852)冲击3连涨

Group 1 - The software ETF has shown significant liquidity with an intraday turnover of 5.62% and a transaction volume of 275 million yuan, ranking first among comparable funds in terms of average daily trading volume over the past month at 568 million yuan [3] - The software ETF has experienced a notable growth in scale, increasing by 1.93 billion yuan over the past three months, also ranking first among comparable funds [3] - The net value of the software ETF has risen by 21.38% over the past three years, with the highest monthly return since inception reaching 39.35% and an average monthly return of 10.06% [3] Group 2 - In the first half of 2025, China's software business achieved a revenue of 70.585 billion yuan, reflecting a year-on-year growth of 11.9%, while the total profit reached 8.581 billion yuan, growing by 12.0% [3] - The implementation of the "Artificial Intelligence +" initiative is expected to drive the industrialization of AI, with significant advancements in AI applications and infrastructure development [3] - In August 2025, companies like DeepSeek, Zhiyu, and Alibaba updated and open-sourced their latest models, highlighting the trend of smaller models that lower the development threshold for AI applications [4] Group 3 - The top ten weighted stocks in the CSI Software Service Index include companies such as iFLYTEK, Tonghuashun, and Kingsoft, collectively accounting for 62.05% of the index [4] - Investors can also access AI software investment opportunities through the software ETF linked fund (012620) [4]