投教宣传｜一图看懂指数化投资之指数百科第二十二期：科创AI指数

Core Viewpoint - The article emphasizes the rapid development of index systems and the increasing recognition of index investment, highlighting the launch of the "One Chart to Understand Index Investment" educational series by the Shanghai Stock Exchange in collaboration with China Fund News and China Securities Index Company [7]. Index Positioning - The article discusses the strategic importance of technological innovation in driving economic transformation, particularly in the context of artificial intelligence (AI) as a core engine for industrial change and efficiency improvement [8]. - The State Council's recent issuance of guidelines for the "Artificial Intelligence +" initiative marks a transition in China's AI development from technological breakthroughs to comprehensive empowerment across all sectors [8]. Index Composition - The Sci-Tech Innovation Board AI Index selects 30 large-cap stocks from the Sci-Tech Innovation Board that provide foundational resources, technology, and application support for AI, reflecting the overall performance of representative AI industry stocks [11]. - The index is constructed from the top 90% of stocks by average daily trading volume over the past year, focusing on companies involved in AI-related businesses across three layers: foundational resources, technology support, and application fields [14][15]. Index Performance - As of August 22, 2025, the total market capitalization of the Sci-Tech Innovation Board AI Index components exceeds 400 billion, with an average market cap of 47.9 billion and a median of 25.6 billion, showcasing a mix of leading firms and growth-oriented small to mid-cap companies [21][23]. - The top five constituents account for 49.6% of the index weight, while the top ten account for 70.6%, indicating a concentration in high-quality assets [27]. Financial Metrics - The index's components reported a year-on-year revenue growth of 20.3% and a net profit growth of 27.3% for Q1 2025, reflecting the successful transition of technology to application and improving operational conditions [33]. - Nearly half of the component companies have a research and development intensity exceeding 30%, with an overall median of 24%, significantly higher than the average for the Sci-Tech Innovation Board [33]. Investment Viability - Since its inception on September 24, 2024, the Sci-Tech Innovation Board AI Index has risen by 155%, outperforming major indices such as the CSI 300 and various Sci-Tech indices [35]. - The index has seen a surge in investment products tracking it, with total assets exceeding 12 billion and an 80% growth in the past two months [37].