今年前三季度的行情，是不是像一场"权重搭台、题材唱戏"的大戏？你坐在台下看AI（人工智能）、通 信股涨得热闹，可知道舞台背后的ETF（交易型开放式指数基金）市场里，"题材角儿"已经炸了——行 业、主题ETF直接把规模从年初的不到6000亿元干到了1万亿元，年内增长超77%。 更绝的是，大家买ETF的思路彻底变了。你以为ETF只有"涨得好才有人买"？今年前三季度的行业、主 题ETF这就"打脸"给你看。比如一只煤炭ETF，明明年内跌了5.65%，规模却从28亿元涨到114亿元（年 内增长近300%）。而有些涨得不错的ETF，比如一只芯片ETF年内涨了56.16%，规模反而少了21亿元。 这是什么操作？ 《每日经济新闻》记者就来揭秘行业、主题ETF的"资金密码"：有人"越跌越买"抄底冷门，有人"见好就 收"止盈热门，还有人盯着黄金、AI大肆"囤货"。到底钱往哪流？哪些ETF是"被遗忘的角落"？咱们一 起挖个明白。 份额变动更能说明问题 Wind（万得）数据显示，截至9月30日，全市场共有483只主题指数ETF和84只行业指数ETF，最新规模 分别为7747.85亿元和2876.27亿元，合计规模突破1万亿元。而年初 ...

Group 1 - The stock price of Baichu Electronics (688188) closed at 147.08 yuan on September 19, 2025, up 3.72% from 141.8 yuan the previous week [1] - The highest intraday price reached 151.47 yuan on September 18, while the lowest was 139.45 yuan on September 16 [1] - The current total market capitalization of Baichu Electronics is 42.417 billion yuan, ranking 6th out of 84 in the computer equipment sector and 409th out of 5,153 in the A-share market [1] Group 2 - Baichu Electronics will hold its first extraordinary general meeting of 2025 on October 13, 2025, to discuss 13 resolutions, including increasing registered capital and revising the articles of association [2][4] - The company plans to increase its total share capital from 205,455,060 shares to 288,391,239 shares due to the implementation of a restricted stock incentive plan and the distribution of profits for 2024 [2][4] - The company intends to renew the appointment of Rongcheng Accounting Firm as the auditor for the 2025 financial report and internal control audit, with a proposed audit fee of 646,000 yuan [2][4]

Group 1 - The establishment of Changxi Technology (Changzhou) Co., Ltd. has been reported, with Li Ziyi as the legal representative, focusing on the development of intelligent robots, sales of new energy vehicle battery swap facilities, sales of artificial intelligence hardware, and sales of new energy vehicles [1] - The company is wholly owned by New Stone Technology (Beijing) Co., Ltd. according to the equity penetration data from Qichacha [1] Group 2 - The Food and Beverage ETF (Product Code: 515170) tracks the CSI Sub-Industry Food and Beverage Theme Index, with a recent five-day decline of 1.80% and a price-to-earnings ratio of 21.02 times [3] - The Gaming ETF (Product Code: 159869) tracks the CSI Animation and Gaming Index, showing a five-day increase of 5.41% and a price-to-earnings ratio of 46.38 times [3] - The Sci-Tech Semiconductor ETF (Product Code: 588170) tracks the Shanghai Stock Exchange Sci-Tech Board Semiconductor Materials and Equipment Theme Index, with a five-day increase of 9.23% [3] - The Cloud Computing 50 ETF (Product Code: 516630) tracks the CSI Cloud Computing and Big Data Theme Index, reporting a five-day increase of 6.70% and a price-to-earnings ratio of 123.15 times [4]

Group 1 - Recently, Wujie Low-altitude Technology (Jiangsu) Co., Ltd. was established with a registered capital of 10 million yuan, focusing on AI application software development, intelligent robot R&D, and key supporting systems for marine engineering [1] - The company is jointly held by Huasheng Group and others, indicating potential collaboration and investment opportunities in the technology sector [1] Group 2 - Food and Beverage ETF (Product Code: 515170) tracks the CSI segmented food and beverage industry theme index, with a recent five-day decline of 0.98% and a price-to-earnings ratio of 21.23 times [3] - Gaming ETF (Product Code: 159869) tracks the CSI Animation and Gaming Index, showing a five-day increase of 4.07% with a price-to-earnings ratio of 44.58 times [3] - Semiconductor ETF (Product Code: 588170) tracks the Shanghai Stock Exchange Science and Technology Innovation Board Semiconductor Materials and Equipment Index, with a five-day increase of 1.60% and a valuation percentile of 65.54% [4] - Cloud Computing 50 ETF (Product Code: 516630) tracks the CSI Cloud Computing and Big Data Theme Index, with a five-day increase of 5.42% and a high price-to-earnings ratio of 122.74 times [5]

Group 1 - The core viewpoint is that Xiling Power (300733.SZ) is currently in the development phase of its robot components and the production line is under construction [1] Group 2 - The Food and Beverage ETF (Product Code: 515170) tracks the CSI Sub-Industry Food and Beverage Theme Index, with a recent five-day change of +0.65%, a P/E ratio of 21.40, and a net inflow of 1,206.1 million yuan [3] - The Gaming ETF (Product Code: 159869) tracks the CSI Animation and Gaming Index, showing a five-day change of +4.38%, a P/E ratio of 44.11, and a net outflow of 71.58 million yuan [3] - The Sci-Tech Semiconductor ETF (Product Code: 588170) tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Theme Index, with a five-day change of -5.52%, a net outflow of 26.61 million yuan [3] - The Cloud Computing 50 ETF (Product Code: 516630) tracks the CSI Cloud Computing and Big Data Theme Index, with a five-day change of -7.14%, a P/E ratio of 115.07, and a net outflow of 1.39 million yuan [4]

Market Overview - Major A-share indices collectively declined, with the Shanghai Composite Index falling by 1.25% to 3765 points, the Shenzhen Component down 2.83%, the ChiNext Index down 4.25%, and the STAR Market 50 Index down 6.08% [1][2] - The total trading volume for the day reached 2.58 trillion yuan, an increase of 186.2 billion yuan compared to the previous trading day [1] Sector Performance - The CPO concept stocks experienced significant declines, with companies like Tianfu Communication, Taicheng Light, and Xinyi Sheng dropping over 10% [3] - The semiconductor and memory chip sectors also faced substantial losses, with stocks such as Cambrian and Huagong Information falling more than 10% [3] - The communication equipment sector weakened, highlighted by Cambridge Technology hitting the daily limit down [3] - Other sectors like PCB and electronic components saw multiple stocks, including Dongshan Precision and Hudian Co., hit the daily limit down [3] - Conversely, the commercial retail and tax refund store sectors showed strength, with stocks like Guoguang Chain and Baida Group reaching the daily limit up [3] - Consumer stocks, particularly in dairy, prepared dishes, and food and beverage sectors, led the gains, with companies like Huanlejia and Anji Food hitting the daily limit up [3] - The banking sector showed a slight upward trend, with Agricultural Bank reaching a new high [3] - The pet economy sector saw a rise, with Yiyi Co. hitting the daily limit up [3] - Outdoor camping, supply cooperative concepts, and tourism hotel sectors also performed well [3]

Group 1: Giant Network - The company achieved operating revenue of 1.662 billion yuan, a year-on-year increase of 16.47%, and a net profit of 777 million yuan, up 8.27% year-on-year [1] - The self-developed game "Supernatural Action Group" has shown rapid growth in user base and revenue, with major contributions expected to be released in the future due to revenue deferral factors [1] - The company plans to extend the game lifecycle through enhanced content supply, optimized game performance, and collaboration with well-known IPs [1] - The company is optimistic about overseas markets and is exploring international expansion for "Supernatural Action Group" [1] - R&D expenses increased in Q2 due to rising labor costs and technical service fees [1] Group 2: Huali Technology - The company's anime card equipment has a lifecycle of approximately 4-5 years, with a quarterly update cycle, covering over 2,000 offline amusement parks [2] - New devices such as "Pokémon Shining Star," "Three Kingdoms Fantasy Battle," and "Super Battle" will be launched in the second half of the year based on demand [2] - The company plans to explore more business models beyond selling IP cards to amusement parks [2] - A refinancing project has been accepted by the Shenzhen Stock Exchange, with plans to deploy 4,350 devices within two years, though specific progress remains uncertain [2] Group 3: Tianhong Fund - Tianhong Fund, established in 2004, has an asset management scale of 1,247.397 billion yuan, ranking 5th among 210 [2] - The fund's non-monetary public fund management scale is 439.799 billion yuan, ranking 13th among 210 [2] - The best-performing public fund product in the past year is the Tianhong CSI Hong Kong-Shenzhen Cloud Computing Industry ETF, with a recent net value of 1.62 and a growth of 141.15% over the past year [2]

Group 1 - The Central Committee and State Council of China released an opinion on promoting high-quality urban development, emphasizing the transition from rapid urbanization to stable development, with significant progress expected by 2030 and basic modernization by 2035 [2] - The Ministry of Commerce announced that a delegation led by Li Chenggang visited Canada and will meet with U.S. officials to discuss trade relations, aiming for healthy and sustainable development of China-U.S. economic relations [2] Group 2 - Cambrian is expected to achieve an annual revenue of 5 billion to 7 billion yuan by 2025 [6] - Anta Sports clarified that it is not a party to the potential acquisition of Canada Goose Holdings [8] - Semiconductor company Zhongke International reported a net profit of 321 million USD for the first half of the year, a year-on-year increase of 35.6% [11] - SF Holding's net profit for the first half of the year grew by 19.4%, with a proposed dividend of 4.6 yuan per share [12] - Semiconductor company Zhongwei reported a net profit of 706 million yuan for the first half of the year, a year-on-year increase of 36.62% [13] - China State Construction reported a net profit of 30.404 billion yuan for the first half of the year, a year-on-year increase of 3.2% [14] - Changxin Bochuang reported a net profit of 168 million yuan for the first half of the year, a year-on-year increase of 1121.21% [15] - Chip manufacturer Chipone is planning to acquire equity in Chipwise, leading to a stock suspension [16] - Zhonghuan Hailu is planning a change in control, resulting in stock suspension [17] - Zhongding shares signed a strategic cooperation agreement with the Baohe District government for the robotics industry [18] - Zhaomi Technology announced its entry into the automotive sector, with the establishment of a car manufacturing company in January [20] Group 3 - The Food and Beverage ETF has seen a recent increase of 0.50% with a market capitalization of 6.83 billion yuan and a P/E ratio of 20.74 [22] - The Gaming ETF increased by 3.39% recently, with a market capitalization of 5.35 billion yuan and a P/E ratio of 44.92 [22] - The Sci-Tech Semiconductor ETF increased by 10.78% recently, with a market capitalization of 3.9 billion yuan [22] - The Cloud Computing 50 ETF increased by 13.84% recently, with a market capitalization of 4 billion yuan and a P/E ratio of 123.45 [23]

Core Viewpoint - Anji Food has seen significant financing activity, with a net buy of 25.35 million yuan last week, indicating investor interest despite recent outflows in funds [1] Financing Activity - Anji Food's total financing buy last week was 105 million yuan, while the repayment amount was 79.61 million yuan [1] - The company ranked 468th in net financing buy across the market [1] Fund Flow - Over the past 5 days, the main funds outflow from Anji Food was 14.53 million yuan, with a decline of 1.24% [1] - In the last 10 days, the outflow reached 30.39 million yuan, resulting in a total decline of 1.85% [1] Company Profile - Anji Food Co., Ltd. was established in 1995 and is located in Quanzhou, primarily engaged in food manufacturing [1] - The company has a registered capital of 235.2 million yuan and has made investments in 6 enterprises [1] - Anji Food has participated in 13 bidding projects and holds 196 trademarks and 24 patents, along with 13 administrative licenses [1]

Group 1 - The stock price of XinNuoWei closed at 50.85 yuan on August 22, 2025, reflecting a 1.5% increase from the previous trading day, with a trading volume of 61,822 hands and a transaction amount of 313 million yuan [1] - XinNuoWei's main business includes the research, production, and sales of food additives and health foods, with key products comprising caffeine-based food additives and health food products. The company operates within the food manufacturing industry, involving sectors such as vitamins and food and beverages [1] - The company's subsidiary, Shiyao Group Jushi Biopharmaceutical Co., Ltd., received approval from the National Medical Products Administration for the clinical trial of SYS6036 injection, a humanized monoclonal antibody drug for tumor immunotherapy, expected to treat various cancers including melanoma, non-small cell lung cancer, esophageal cancer, and head and neck squamous cell carcinoma [1] Group 2 - On August 22, XinNuoWei experienced a net inflow of 2.01 million yuan in main funds, while the net outflow over the past five days amounted to 70.09 million yuan [1]