截至2025年10月15日 14:11，创业板指数(399006)强势上涨1.97%，成分股长盈精密(300115)上涨14.01%，信维通信(300136) 上涨10.15%，扬杰科技(300373)上涨8.63%，华大九天(301269)，阳光电源(300274)等个股跟涨。创业板ETF平安(159964)上 涨1.77%，最新价报1.95元。拉长时间看，截至2025年10月14日，创业板ETF平安近3月累计上涨34.64%。 流动性方面，创业板ETF平安盘中换手1.19%，成交600.54万元。拉长时间看，截至10月14日，创业板ETF平安近1年日均成 交963.58万元。 截至10月14日，创业板ETF平安近3年净值上涨26.31%，排名可比基金前2。从收益能力看，截至2025年10月14日，创业板 ETF平安自成立以来，最高单月回报为37.37%，最长连涨月数为5个月，最长连涨涨幅为67.00%，涨跌月数比为40/38，上 涨月份平均收益率为7.18%，年盈利百分比为60.00%。截至2025年10月14日，创业板ETF平安近6个月超越基准年化收益为 4.64%。 截至2025年10月10日，创业板 ...

联分会秘书长崔东树发文表示，从电池产业链部分上市公司的增长来看，2025年上半年同比增8%，达到2947亿元的水平。 在2025年上半年，电池上市公司总体毛利640亿元，同比增2%，毛利率22%，较2024年同期下降1个点。由于电池企业太有 钱，财务费用的利润巨大，2025年上半年电池上市公司总体费用266亿元，同比下降16%，费用降低效果很好。总体电池行 业库存75天，较去年同期的58天提升17天。2025年电池行业的应收账款80天，相对2024年同期减少两天。在2025年，尽管 新能源电池产业链整体营收和利润同比增长放缓，但锂电池环节更体现为锂电行业最盈利的环节，分走了产业链七成的利 润。具体到企业层面，宁德时代和亿纬锂能（维权）等企业在2025年上半年的净利润同比增长，显示出行业内的分化。宁 德时代上半年毛利率25%，净利润的显著增长。相对于整车企业的惨烈竞争和矿端的剧烈价格波动，电池企业的产业高利 润优势明显。 截至9月30日，创业板ETF平安近2年净值上涨66.32%，居可比基金前2，指数股票型基金排名329/2349，居于前14.01%。从 收益能力看，截至2025年9月30日，创业板ETF平安自 ...

近期，国家发改委、能源局印发《新型储能规模化建设专项行动方案(2025—2027年)》，明确提出到 2027年全国新型储能装机规模达到1.8亿千瓦以上，储能需求维持高景气度。长江证券指出，当前大储 板块随国内需求超预期、非美市场景气逐步兑现、美国需求好于预期及产业链价格触底，基本面支撑、 政策等催化Beta上行，同时全球格局持续向头部集中，龙头竞争力不断验证及兑现，支撑价值回归。此 外，固态电池板块情绪持续回暖，设备端关注小市值、宁德链、新增环节，材料端重视卡位降本的硫化 锂等环节。推荐关注储能产业链龙头及弹性标的。 近期，国家发改委、能源局联合印发《新型储能规模化建设专项行动方案(2025—2027年)》，明确2027 年全国新型储能装机规模达1.8亿千瓦以上，为储能行业发展提供政策支持。中银证券指出，储能需求 维持高景气度，建议关注大储集成厂商及相关产业链企业。同时，随着固态电池技术的不断突破， QuantumScape与奔驰在固态电池产业化上取得进展，进一步推动新能源汽车及电池技术的升级换代。 《电力装备行业稳增长工作方案（2025—2026年）》和《关于完善价格机制促进新能源发电就近消纳的 通知》的发 ...

Group 1: Power Equipment Industry Growth Plan - The Ministry of Industry and Information Technology, State Administration for Market Regulation, and National Energy Administration issued the "Power Equipment Industry Steady Growth Work Plan (2025-2026)" [1] - The main goals for 2025-2026 include maintaining an average annual revenue growth rate of around 6% for traditional power equipment and steady growth for renewable energy equipment [1] - The production of power generation equipment is expected to remain within a reasonable range, ensuring effective supply, while the export volume of renewable energy equipment is projected to increase [1] - Key regions and enterprises are expected to enhance their driving role, with an average annual revenue growth rate of around 7% for national advanced manufacturing clusters in the power equipment sector and about 10% for leading enterprises [1] - The plan aims to promote breakthroughs and applications of a number of landmark equipment [1] Group 2: ChiNext ETF Performance - As of September 11, 2025, the ChiNext ETF Ping An has seen a net value increase of 24.63% over the past three years, ranking among the top two compared to similar funds [4] - The highest monthly return since inception was 37.37%, with the longest consecutive months of increase being five, and the longest increase percentage being 12.63% [4] - The average return rate for the rising months is 7.06%, with an annual profit percentage of 60.00% [4] - The ChiNext ETF Ping An has outperformed the benchmark with an annualized return of 4.43% over the past six months, ranking in the top three out of 15 comparable funds [4] - The fund's management fee is 0.15% and the custody fee is 0.05%, which are the lowest among comparable funds [4] Group 3: ChiNext Index Composition - As of August 29, 2025, the top ten weighted stocks in the ChiNext Index (399006) account for 55.15% of the index, including Ningde Times (300750), Dongfang Wealth (300059), and Xinyi Sheng (300502) [5] - The top weighted stock, Ningde Times, has a weight of 18.77% and a price increase of 0.82% [7] - The second top weighted stock, Dongfang Wealth, has a weight of 8.38% and remained unchanged [7] - The overall performance of the ChiNext Index shows mixed results among its constituent stocks, with some stocks experiencing significant declines [3][7]

Core Insights - The ChiNext Index (399006) has shown a strong increase of 5.31% as of September 5, 2025, with notable gains in constituent stocks such as Tianhua New Energy (300390) and XianDao Intelligent (300450), both rising by 20.01% [2] - The ChiNext ETF by Ping An (159964) has also increased by 5.50%, with a latest price of 1.9 yuan, and has accumulated a rise of 6.88% over the past two weeks [2] - The ChiNext ETF has demonstrated a net value increase of 13.98% over the past three years, ranking among the top two in comparable funds [2] Performance Metrics - The ChiNext ETF has achieved a maximum monthly return of 37.37% since its inception, with the longest consecutive monthly gain being five months [2] - The average return for the months in which the ETF increased is 7.06%, with an annual profit percentage of 60.00% [2] - The ETF's Sharpe ratio for the past year is reported at 1.78, indicating a favorable risk-adjusted return [3] Liquidity and Trading - The ChiNext ETF had a turnover rate of 1.46% during the trading session, with a transaction volume of 811.04 million yuan [2] - The average daily trading volume over the past year is 1.2033 million yuan [2] Fee Structure - The management fee for the ChiNext ETF is 0.15%, and the custody fee is 0.05%, which are among the lowest in comparable funds [3] Tracking Accuracy - The tracking error for the ChiNext ETF over the past three months is 0.015%, indicating a close alignment with the ChiNext Index [3] Top Holdings - As of August 29, 2025, the top ten weighted stocks in the ChiNext Index account for 55.15% of the index, with Ningde Times (300750) holding the highest weight at 18.77% [3][5]

Core Viewpoint - The ChiNext ETF by Ping An has shown strong performance, with a notable increase in both its index and constituent stocks, indicating a positive market sentiment towards the ChiNext sector [2][3]. Group 1: Performance Metrics - As of September 5, 2025, the ChiNext Index (399006) rose by 4.03%, with leading stocks such as QianDao Intelligent (300450) up by 15.99% and Shenghong Technology (300476) up by 14.40% [2]. - The ChiNext ETF Ping An (159964) increased by 3.94%, with a latest price of 1.87 yuan, and has accumulated a 6.88% rise over the past two weeks [2]. - Over the past three years, the net value of the ChiNext ETF Ping An has increased by 13.98%, ranking it among the top two comparable funds [2]. Group 2: Return and Risk Metrics - The ChiNext ETF Ping An has achieved a maximum monthly return of 37.37% since its inception, with an average monthly return of 7.06% and an annual profit percentage of 60.00% [2]. - The fund's Sharpe ratio for the past year is 1.78, indicating a favorable risk-adjusted return [3]. - The fund's relative drawdown over the past six months is 0.07%, with a recovery time of 99 days, which is relatively quick compared to similar funds [3]. Group 3: Fee Structure and Tracking Accuracy - The management fee for the ChiNext ETF Ping An is 0.15%, and the custody fee is 0.05%, making it one of the lowest in its category [3]. - The tracking error for the past three months is 0.015%, demonstrating the fund's close alignment with the ChiNext Index [3]. Group 4: Top Holdings - As of August 29, 2025, the top ten weighted stocks in the ChiNext Index account for 55.15%, with Ningde Times (300750) holding the highest weight at 18.77% [3][5].

Group 1: Medical Device Industry - The domestic medical device industry is still in a rapid development phase, with short-term medical insurance cost control potentially bringing negative impacts, but the outlook remains positive due to innovation-driven import substitution and globalization [1] - It is expected that multiple negative impacts are being fully released, with a potential turning point for the medical device sector anticipated in Q3 2025 [1] - The competitiveness of domestic companies is continuously improving under policy support and innovation, accelerating import substitution [1] - There is optimism regarding the global layout and continuous breakthroughs in overseas markets [1] - Emphasis is placed on investment opportunities in themes such as AI medical technology and brain-computer interfaces [1] Group 2: ChiNext ETF Performance - As of September 5, 2025, the ChiNext Index (399006) surged by 2.94%, with notable increases in constituent stocks such as QianDao Intelligent (300450) up 14.92% and JinLang Technology (300763) up 13.33% [3] - The ChiNext ETF Ping An (159964) rose by 2.72%, with a latest price of 1.85 yuan, and has accumulated a 6.88% increase over the past two weeks [3] - The ChiNext ETF Ping An has a one-year average daily trading volume of 12.03 million yuan as of September 4, 2025 [3] Group 3: ChiNext ETF Metrics - The ChiNext ETF Ping An has a one-year Sharpe ratio of 1.78, indicating strong risk-adjusted returns [4] - The fund's management fee is 0.15% and the custody fee is 0.05%, which are among the lowest in comparable funds [4] - The tracking error for the ChiNext ETF Ping An over the past three months is 0.015%, demonstrating tight tracking of the ChiNext Index [4] Group 4: Top Holdings in ChiNext Index - As of August 29, 2025, the top ten weighted stocks in the ChiNext Index account for 55.15% of the index, with Ningde Times (300750) holding the highest weight at 18.77% [4][6] - Other significant stocks include Dongfang Wealth (300059) at 8.38% and Huichuan Technology (300124) at 3.71% [6]

Group 1 - The current valuation of the ChiNext board is still in an undervalued period, with the 10-year price-to-earnings ratio percentile remaining below 50%, indicating that the index still offers good cost-performance for allocation [1] - According to China Galaxy Securities, the overall valuation level of A-shares is in a reasonable range, but there are significant differences among industries, with some industries being overvalued while others are undervalued but showing notable profit improvements [1] - As of September 1, 2025, the ChiNext index has seen a decline of 3.71%, with component stocks showing mixed performance, highlighting the volatility within the sector [3] Group 2 - The ChiNext ETF from Ping An has seen a net value increase of 21.31% over the past three years, ranking in the top two among comparable funds, indicating strong performance [4] - The ChiNext ETF has a management fee rate of 0.15% and a custody fee rate of 0.05%, which are among the lowest in comparable funds, suggesting cost efficiency [4] - As of September 1, 2025, the ChiNext ETF has a tracking error of 0.016% over the past three months, demonstrating its close tracking of the ChiNext index [5]

Market Performance - The ChiNext Index rose by 2.34%, with significant gains from Ningde Times, which increased by over 11% [1] - The Hang Seng Index increased by 0.63%, and the Hang Seng Technology Index rose by 0.56% [1] - Notable stock performances included Haier Smart Home rising over 6% and Li Auto increasing by over 4% [1] Liquidity and Monetary Policy - The People's Bank of China conducted a 7-day reverse repurchase operation of 782.9 billion yuan, with a net injection of 421.7 billion yuan for the day [1] - The central bank strengthened the RMB central parity rate by 0.65%, marking the largest increase since September of the previous year [1] ETF Performance - The ChiNext ETF (平安) saw a trading volume of 492.17 million yuan, with a turnover rate of 0.85% [2] - The ETF's latest scale reached 568 million yuan, a six-month high [2] - Over the past six months, the ChiNext ETF's net value increased by 26.76%, ranking it among the top 2 in comparable funds [2] Risk and Return Metrics - The ChiNext ETF achieved a maximum monthly return of 37.37% since inception, with an average monthly return of 6.61% [2] - The ETF's Sharpe ratio over the past year was 1.59, indicating strong risk-adjusted returns [3] - The relative drawdown against the benchmark over the past six months was only 0.07% [4] Fee Structure - The management fee for the ChiNext ETF is 0.15%, and the custody fee is 0.05%, which are among the lowest in comparable funds [5] Tracking Accuracy - The tracking error for the ChiNext ETF over the past three months was 0.017%, indicating close alignment with the ChiNext Index [6] - The ChiNext Index is composed of 100 stocks with high market capitalization and liquidity, reflecting the performance of the ChiNext market [6] Top Holdings - As of July 31, 2025, the top ten weighted stocks in the ChiNext Index accounted for 52.52% of the index, with Ningde Times holding the highest weight at 18.77% [8]

Group 1 - The Ministry of Commerce and Jiangsu Provincial Government issued a development plan for the biopharmaceutical industry in the Jiangsu Free Trade Zone, encouraging innovative companies to raise funds through various stock exchanges and bond issuances [1] - The plan supports the establishment of sub-funds for biopharmaceutical investments and allows eligible projects to issue real estate investment trusts (REITs) [1] - In July, profits in the high-tech manufacturing sector increased by 18.9%, with significant contributions from aerospace (40.9% profit growth) and semiconductor industries, where profits grew by 176.1%, 104.5%, and 27.1% in various segments [1] Group 2 - The ChiNext Index saw a strong increase of 1.34%, with notable stock performances from Tianfu Communication (20.00% increase) and Jiejia Weichuang (18.18% increase) [3] - The ChiNext ETF Ping An reported a 4.62% increase over the past week, with a trading volume of 785.82 million yuan [3] - The ChiNext ETF Ping An has a one-year Sharpe ratio of 1.59 and a management fee of 0.15%, which is among the lowest in comparable funds [4]