Group 1 - The liquidity of the rare earth ETF managed by Jiashi has a turnover rate of 5.48%, with a half-day trading volume of 232 million yuan. Over the past week, the average daily trading volume reached 441 million yuan, ranking first among comparable funds [3] - The latest scale of the Jiashi rare earth ETF has reached 4.295 billion yuan, marking a new high since its establishment and ranking first among comparable funds. The latest share count is 2.991 billion shares, also a new high [3] - The Jiashi rare earth ETF has seen continuous net inflows over the past eight days, with a maximum single-day net inflow of 191 million yuan, totaling 1.045 billion yuan [3] - As of July 30, 2025, the Jiashi rare earth ETF has achieved a net value increase of 75.46% over the past year, ranking 114 out of 2941 in the index stock fund category, placing it in the top 3.88% [3] - The Jiashi rare earth ETF has recorded a maximum monthly return of 41.25% since its inception, with the longest consecutive monthly increase being four months and the longest cumulative increase being 83.89% [3] - The average monthly return during the rising months is 9.69%, and the annualized excess return over the benchmark for the past three months is 14.88% [3] - As of June 30, 2025, the top ten weighted stocks in the CSI Rare Earth Industry Index account for 55.58% of the total weight, including Northern Rare Earth, China Rare Earth, and China Aluminum [3] Group 2 - Guojin Securities suggests that disturbances in Myanmar's mining sector may further drive up rare earth prices, with the price of praseodymium and neodymium oxide rising by 7.23% to 513,200 yuan per ton last week [4] - The strategic resource prices are expected to be re-evaluated due to supply contraction, and the implementation of management regulations is anticipated to benefit leading state-owned enterprises, leading to a dual increase in performance and valuation in the rare earth sector [4] - According to Caitong Securities, the long-term control of the entire rare earth industry chain and supply tightening will make prices easier to rise but difficult to fall. High smelting costs overseas are expected to support price differentials, raising price expectations and re-evaluating the strategic value of rare earths [4] Group 3 - The stock performance of the top ten companies in the rare earth sector shows varied results, with Northern Rare Earth declining by 5.03% and China Rare Earth by 1.93%, while Lingyi Zhi Zao increased by 0.56% [6] - Investors can also consider the Jiashi Rare Earth ETF connecting fund (011036) to seize investment opportunities in the rare earth sector [6]

Core Insights - The China Securities National New State-Owned Enterprise Modern Energy Index (932037) has seen a decline of 0.79% as of July 28, 2025, with mixed performance among constituent stocks [2] - The recent approval of the first cross-province green electricity direct connection project marks a significant step in promoting the "point-to-point" supply model for renewable energy [3] - The establishment of the China Fusion Energy Company, with a registered capital of 15 billion yuan, aims to advance the stable and economic utilization of fusion energy [3] - The rare earth prices, particularly praseodymium and neodymium oxide, have increased by 7.23% week-on-week, driven by supply constraints and potential recovery in exports [3] - The Central State-Owned Enterprise Modern Energy ETF (561790) has experienced a significant increase in scale and shares, with a growth of 397.92 million yuan and 3 million shares respectively over the past week [4] Performance Metrics - The Central State-Owned Enterprise Modern Energy ETF has achieved a net value increase of 7.84% over the past six months, with a maximum monthly return of 10.03% since inception [4] - The ETF's average monthly return is 3.05%, with a historical one-year profit probability of 66.39% [4] - The maximum drawdown for the ETF in the last six months is 7.04%, with a recovery time of 71 days, the fastest among comparable funds [4] Fund Structure - The Central State-Owned Enterprise Modern Energy Index is designed to reflect the performance of 50 listed companies involved in green energy, fossil energy, and energy transmission [5] - The top ten weighted stocks in the index account for 49.93% of the total, including major players like China Yangtze Power and China Nuclear Power [5]