Core Insights - The ChiNext ETF Ping An (159964) has shown a significant increase in value, with a recent rise of 0.72% and a weekly increase of 3.16% as of July 28, 2025 [1] - The ETF has achieved a net value increase of 15.66% over the past six months, with a maximum monthly return of 37.37% since its inception [2] - The ETF's management fee is 0.15%, and its tracking error over the past two months is 0.016%, indicating strong performance in tracking the ChiNext Index [4][5] Performance Metrics - As of July 28, 2025, the ChiNext ETF Ping An has a year-to-date relative drawdown of 0.13%, with a recovery period of 101 days, which is relatively quick compared to similar funds [3] - The ETF's average monthly return is 6.56%, with an annualized profit percentage of 60.00% [2] - The Sharpe ratio for the past month is 1.96, placing it in the top 3 out of 16 comparable funds, indicating higher returns for the same level of risk [2] Fund Composition - The ChiNext Index, which the ETF closely tracks, consists of 100 stocks with high market capitalization and liquidity, reflecting the performance of the ChiNext market [6] - As of June 30, 2025, the top ten weighted stocks in the ChiNext Index account for 51.16% of the index, with Ningde Times (300750) holding the highest weight at 18.77% [6][8]

Group 1 - The market experienced a rebound on July 28, with the ChiNext Index leading the gains, and the Tianhong ChiNext ETF (159977) rising by 0.86% with a trading volume exceeding 13 million yuan [1] - As of July 25, the Tianhong ChiNext ETF had a latest circulating scale of 8.644 billion yuan, closely tracking the ChiNext Index (399006.SZ), which consists of 100 representative ChiNext listed companies [1] - The ChiNext Index is characterized by a high proportion of emerging industries and high-tech enterprises, reflecting the operational status of the ChiNext market [1] Group 2 - Guojin Securities' report indicates that the overall market is approaching previous highs, with domestic policies continuing to support demand while promoting market clearing [1] - Huatai Securities' latest report highlights a sustained increase in global risk appetite, with A-shares breaking through and experiencing five consecutive weeks of upward movement [2]

Market Performance - The Shanghai Composite Index opened on July 21, 2023, with an increase of 8.33 points, representing a rise of 0.24%, closing at 3542.82 points [1] - The Shenzhen Component Index opened with an increase of 23.76 points, reflecting a rise of 0.22%, closing at 10937.6 points [1] - The CSI 300 Index opened with an increase of 11.22 points, indicating a rise of 0.28%, closing at 4069.77 points [1] - The ChiNext Index opened with an increase of 8.26 points, showing a rise of 0.36%, closing at 2285.41 points [1] - The STAR 50 Index opened with a slight increase of 0.05 points, with no significant change, closing at 1007.58 points [1]

Market Performance Summary - The Shanghai Composite Index opened at 3502.9 points, down 2.1 points, a decrease of 0.06% on July 16 [1] - The Shenzhen Component Index opened at 10749.71 points, up 5.15 points, an increase of 0.05% on July 16 [1] - The CSI 300 Index opened at 4019.39 points, up 0.33 points, an increase of 0.01% on July 16 [1] - The ChiNext Index opened at 2241.21 points, up 6.16 points, an increase of 0.28% on July 16 [1] - The STAR 50 Index opened at 996.33 points, up 0.08 points, an increase of 0.01% on July 16 [1]

[Table_Reportdate] 2025年07月11日 总 量 研 究 [创业板月线技术条件相近于 Table_NewTitle] 2019年12月 突破前状态 ——技术分析行业指数简评 [证券分析师 Table_Authors] 王洋 S0630513040002 wangyang@longone.com.cn [相关研究 Table_Report] 1.《波浪里前行 上证指数目前或处 于黎明的曙光中》 2.《上证指数或酝酿反弹动能——技 术分析上证指数系列》 3.《上证指数短线或有反弹需求—— 技术分析上证指数简评》 4.《上证指数或有进一步震荡盘升动 能——技术分析上证指数简评》 5.《上证指数短线技术条件明显修 复，回落空间小上涨空间大——技术 分析上证指数简评》 6.《证券板块技术条件有所向好，上 涨空间大回落空间小——技术分析 行业板块简评》 7.《保险板块或已走出下降趋势，上 涨空间大回落空间小——技术分析 行业板块简评》 8.《若有效上破3418点压力位，指数 或有进一步盘升动能——技术分析 上证指数简评》 9.《证券板块在短线整理充分后，或 仍有震荡盘升动能——技术分析行 业板块简评》 ...

Group 1 - The total trading volume of the ChiNext Index ETFs reached 1.641 billion yuan today, an increase of 456 million yuan from the previous trading day, representing a growth rate of 38.52% [1] - Specifically, the E Fund ChiNext ETF (159915) had a trading volume of 1.408 billion yuan today, up by 409 million yuan from the previous day, with a growth rate of 40.89% [1] - The GF ChiNext ETF (159952) recorded a trading volume of 93.2405 million yuan, an increase of 15.8598 million yuan, with a growth rate of 20.50% [1] Group 2 - The ChiNext Index (399006) closed down by 1.36%, while the average decline of related ETFs tracking the ChiNext Index was 1.26% today [1] - The ETFs with the largest trading volume increases included the CCB ChiNext ETF (159956) and the Harvest ChiNext Enhanced Strategy ETF (159675), which saw increases of 157.15% and 70.30%, respectively [1] - The top decliners among the ETFs included the Puyin Ansheng ChiNext ETF (159810) and the ChiNext ETF from ICBC (159958), which fell by 1.57% and 1.45%, respectively [1]

Market Performance - The Shanghai Composite Index closed at 3388.81 points on June 18, with an increase of 1.4 points, representing a gain of 0.04% [1] - The Shenzhen Component Index closed at 10175.59 points, up by 24.16 points, reflecting a rise of 0.24% [1] - The CSI 300 Index ended at 3874.97 points, gaining 4.59 points, which is a 0.12% increase [1] - The ChiNext Index closed at 2054.73 points, up by 4.79 points, indicating a 0.23% rise [1] - The STAR 50 Index finished at 968.18 points, with an increase of 5.1 points, marking a 0.53% gain [1]

沪深300指数下午开盘报3901.39点，涨幅0.63%； 上证指数下午开盘报3380.71点，涨幅0.39%； 深证成 指下午开盘报10255.02点，涨幅0.83%；创业板指数下午开盘报2055.25点，涨幅1.11%； 中小板综下午 开盘报11503.21点，涨幅0.98%。 ...

Market Performance - As of May 19, 2025, the three major A-share indices showed mixed results, with the Shanghai Composite Index unchanged at 3367.58 points, the Shenzhen Component Index down 0.08% at 10171.09 points, and the ChiNext Index down 0.33% at 2032.76 points [1] - The total trading volume of the two markets reached 1.09 trillion yuan [1] Industry Highlights - The chemical fiber sector performed notably well, rising by 3.28%, followed by rubber and shipping ports, which increased by 2.83% and 2.73%, respectively [1] ETF Insights - The ChiNext ETF (Hua Xia, 159957) closed down 0.23% at a price of 1.32 yuan, with a trading volume of 36.0781 million yuan and a turnover rate of 2.14% [1] - Over the past two weeks, the ChiNext ETF has accumulated a rise of 4.34% [1] - The latest scale of the ChiNext ETF reached 1.697 billion yuan [1] Valuation Metrics - The ChiNext Index tracked by the ETF is currently at a historical low valuation, with a price-to-book (PB) ratio of 3.79, which is lower than 82.24% of the time over the past five years, indicating a strong valuation appeal [1] Top Holdings - As of April 30, 2025, the top ten weighted stocks in the ChiNext Index accounted for 50.3% of the index, including companies like Ningde Times, Dongfang Wealth, and Mindray Medical [2]

Market Performance - As of May 16, 2025, the Shanghai Composite Index fell by 0.40% to 3367.46 points, while the Shenzhen Component Index decreased by 0.07% to 10179.60 points, and the ChiNext Index dropped by 0.19% to 2039.45 points, indicating a broad market decline [1] - The total trading volume of the two markets reached 1.09 trillion yuan [1] Sector Performance - The top three sectors with gains were passenger cars (up 2.28%), auto parts (up 1.95%), and jewelry (up 1.87%) [1] - The sectors with the largest declines were fisheries (down 2.27%), insurance (down 1.52%), and cosmetics (down 1.43%) [1] ETF Insights - The ChiNext ETF (Hua Xia, 159957) closed down 0.38% at a price of 1.33 yuan, with a trading volume of 31.1295 million yuan and a turnover rate of 1.83% [1] - Over the past week, the ChiNext ETF has seen a cumulative increase of 1.22% [1] - The fund's scale increased by 6.5786 million yuan over the past week, ranking third among comparable funds [1] Valuation Metrics - The ChiNext Index tracked by the ETF is currently at a historical low valuation, with a price-to-book (PB) ratio of 4.11, which is lower than 82.17% of the time over the past five years, indicating strong valuation attractiveness [1] Top Holdings - As of April 30, 2025, the top ten weighted stocks in the ChiNext Index accounted for 50.3% of the index, including companies like Ningde Times, Dongfang Wealth, and Mindray Medical [2]