Sou Hu Cai Jing·2026-01-19 06:33Group 1 - The chemical sector continues to show strength, with the Chemical ETF (516020) experiencing a price increase of 2.73% as of the latest update [1][2] - Key stocks in the sector include Haohua Technology, which reached the daily limit, and Junzheng Group, which surged over 9%, along with other notable gains from companies like Luxi Chemical and Huafeng Chemical [1][2] - Since 2025, the Chemical ETF has shown a cumulative increase of 47.53%, significantly outperforming major indices such as the Shanghai Composite Index (22.38%) and the CSI 300 Index (20.25%) [1][3] Group 2 - The chemical industry has seen negative growth in capital expenditure since 2024, but the "anti-involution" trend and the clearing of outdated overseas capacities are expected to lead to a contraction in supply [4] - The "14th Five-Year Plan" emphasizes expanding domestic demand, which is anticipated to drive growth in chemical product demand, especially with the onset of a U.S. interest rate cut cycle [4] - A potential turning point for the chemical industry is expected in 2026, with a shift from valuation recovery to earnings growth, referred to as the "Davis Double Play" [4] Group 3 - The Chemical ETF (516020) tracks the CSI Sub-Industry Chemical Theme Index, with nearly 50% of its holdings concentrated in large-cap leading stocks, including Wanhua Chemical and Salt Lake Co., allowing investors to capitalize on strong investment opportunities [5] - The ETF also includes exposure to various sub-sectors such as phosphate and nitrogen fertilizers, fluorochemicals, and others, providing a comprehensive investment approach within the chemical sector [5] - The fund does not charge a sales service fee, with specific subscription and redemption fee structures outlined for investors [5][6]