Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2026-01-08 06:52Group 1 - The core viewpoint of the article highlights that the Chinese communication equipment industry is still in its early growth phase, with revenue scale and profitability lagging behind international leaders, yet the capital market has assigned high valuations reflecting optimistic expectations for technological independence and industrial catch-up [1] - The profitability and overseas capabilities of communication equipment companies are notably enhanced due to the asset turnover advantage driven by the AI industry trend [1] - From a valuation perspective, the total market capitalization of communication equipment remains significantly behind international leaders, indicating market optimism regarding domestic substitution and technological advancement [1] Group 2 - The Guotai Artificial Intelligence ETF (159388) tracks the ChiNext Artificial Intelligence Index (970070), which has a daily price fluctuation limit of 20%, and selects listed companies involved in AI technology and related applications from the ChiNext market [1] - The index covers multiple segments from hardware manufacturing to software development, reflecting the overall performance of AI-related listed companies in the ChiNext market, characterized by significant technological innovation and growth potential [1]