Foxit Software(SH:688095) Xin Lang Ji Jin·2025-11-02 14:01Core Insights - The technology growth sector experienced a decline, with the domestic AI industry-focused ETF (589520) falling by 1.93% on October 31, 2025, while still showing strong buying interest as indicated by its continuous premium in the market [1][7]. ETF Performance - The ETF's trading volume reached 37.03 million yuan, showing a slight increase compared to previous trading sessions [1]. - The ETF's top-performing stocks included software development companies, with Fuxin Software hitting a 20% limit up, and Hehe Information and Xinghuan Technology rising over 14% and 11% respectively [3][4]. Sector Analysis - The ETF's performance was negatively impacted by declines in hardware-related stocks, such as Stone Technology and Lanqi Technology, which fell over 12% and 10% respectively [3][4]. - The ETF's top ten stocks showed significant gains, with Fuxin Software leading at a total market value of 9.8 billion yuan and a trading volume of 1.056 billion yuan [4]. Policy and Market Trends - The new five-year plan emphasizes the implementation of "AI+" initiatives, aiming for significant advancements in data-driven urban economic development by the end of 2027 [4]. - A report from QuestMobile indicated that the number of active mobile users in AI applications in China surpassed 729 million as of September 2025, with 200 million on PC [5]. Financial Performance - As of October 31, 2025, 20 out of 30 stocks in the ETF reported profits, with 22 showing year-on-year growth in net profit. Notably, Cambrian's net profit surged by 321% year-on-year [5][6]. - The top ten stocks in terms of net profit growth included Cambrian Technology, which reported a total revenue of 46.07 billion yuan and a net profit of 2.386 billion yuan [6]. Future Outlook - Analysts from CITIC Securities anticipate a turning point for domestic AI applications, driven by external environmental changes and domestic policy support, suggesting a significant increase in AI application and computing power demand [5][7]. - The ETF has shown a cumulative increase of 60.36% since its low point on April 8, 2025, outperforming other indices such as the Sci-Tech Innovation Index and the Sci-Tech 50 [7][8].