Montage Technology(SH:688008) Xin Lang Cai Jing·2025-11-03 04:05Core Viewpoint - The semiconductor sector in the Sci-Tech Innovation Board is experiencing a downturn, with the index dropping by 2.84% as of November 3, 2025, while the Sci-Tech Chip ETF shows significant trading activity and growth in scale and net inflow [1][3]. Group 1: Market Performance - The Sci-Tech Chip ETF had a turnover rate of 6.25% during trading, with a transaction volume of 2.504 billion yuan [3]. - Over the past month, the average daily transaction volume of the Sci-Tech Chip ETF was 4.716 billion yuan, ranking first among comparable funds [3]. - The ETF's scale increased by 2.478 billion yuan in the last two weeks, also leading among comparable funds [3]. - In terms of shares, the ETF saw an increase of 705 million shares in the past week, again ranking first among comparable funds [3]. - The latest net inflow for the Sci-Tech Chip ETF was 959 million yuan, with a total of 1.685 billion yuan attracted over the last five trading days [3]. Group 2: Fund Performance - As of October 31, 2025, the net value of the Sci-Tech Chip ETF has increased by 117.47% over the past three years, ranking 27th out of 1903 index stock funds, placing it in the top 1.42% [3]. - The highest monthly return since inception was 35.07%, with the longest consecutive monthly increase being four months and a maximum increase of 74.17% [3]. - The average return during the months of increase was 9.90% [3]. Group 3: Company Updates - In Q3 2025, 澜起科技 (Lanke Technology) reported revenue of 1.424 billion yuan, a year-on-year increase of 57.22%, and a net profit attributable to shareholders of 473 million yuan, up 22.94% year-on-year [4]. - The adjusted net profit, excluding share-based payment expenses, was 811 million yuan, reflecting a year-on-year growth of 105.78% and a quarter-on-quarter increase of 10.96% [4]. - 澜起科技's DDR5 memory interface chip sales have seen significant growth, with the third generation surpassing the second generation in sales for the first time [4]. - The domestic chip industry is positioned for strategic opportunities due to the "14th Five-Year Plan" emphasizing integrated circuit technology advancements [4]. Group 4: Stock Performance - The top ten weighted stocks in the Sci-Tech Chip Index account for 60.55% of the index, with 海光信息 (Haiguang Information) leading at 11.09% weight, followed by 澜起科技 (Lanke Technology) at 9.96% and 中芯国际 (SMIC) at 9.58% [3][6]. - The overall performance of these stocks has been negative, with declines ranging from 1.44% to 4.62% [6]. - Investors without stock accounts can access domestic chip investment opportunities through the Sci-Tech Chip ETF linked fund (017470) [6].