Core Insights - The China Securities Artificial Intelligence Industry Index (931071) has shown a strong performance, rising 4.28% as of August 25, 2025, with notable gains in constituent stocks such as Zhongji Xuchuang (300308) up 12.12% and Yuntian Lifei (688343) up 10.01% [1][4] - The Artificial Intelligence ETF (515980) has also performed well, increasing by 3.50% and achieving a cumulative rise of 14.76% over the past week [1][3] Market Activity - The Artificial Intelligence ETF has a turnover rate of 10.49% with a half-day trading volume of 433 million yuan, indicating active market participation [3] - The ETF's latest scale reached 3.945 billion yuan, marking a new high since its inception, with a net inflow of 249 million yuan over the past four days [3][4] Index Performance - Over the past ten trading days, the China Securities Artificial Intelligence Industry Index has increased by 27.34%, outperforming similar indices such as the CS Artificial Intelligence Theme Index (24.22%) and the Sci-Tech Innovation AI Index (23.95%) [4] - The index is designed to comprehensively and balancedly track 50 stocks with high AI revenue and growth potential, focusing on both infrastructure and application layers [3][4] Investment Opportunities - The current low penetration rate of AI large models suggests significant growth potential in the industry, with capital expenditures expected to rise alongside revenue growth from these models [4] - The index has been upgraded to allow for quarterly adjustments, enabling quicker incorporation of companies benefiting from AI technology and better assessment of relative industry trends [7]

Core Insights - The China Securities Artificial Intelligence Industry Index (931071) has shown a strong increase of 1.71% as of July 17, 2025, with notable gains in constituent stocks such as Xinyi Sheng (300502) up 7.98% and Tuowei Information (002261) up 6.72% [1][2] - The Artificial Intelligence ETF (515980) has also risen by 1.74%, achieving a five-day consecutive increase, with a trading volume of 1.40 billion yuan [1][2] - The index has demonstrated a 40.06% increase in net value over the past year, ranking in the top 17.63% among 2,915 index equity funds [1][2] Industry Overview - The index is constructed from 50 representative listed companies that provide foundational resources, technology, and application support for artificial intelligence, with the top ten stocks accounting for 52.07% of the index [2][3] - The upcoming World Artificial Intelligence Conference from July 26 to July 28, 2025, in Shanghai will showcase over 3,000 cutting-edge exhibits, including numerous AI models and products, marking the largest scale in history [2][3] Market Trends - Dongwu Securities indicates that AI applications have achieved significant cost reductions and rapid penetration, suggesting the industry is entering a fast growth phase [3] - Guojin Securities highlights strong momentum in AI hardware for smart driving and robotics, as well as software applications in education, finance, and enterprise services [3][5] - The Huafu Artificial Intelligence ETF (515980) is positioned as a small broad-based fund that captures opportunities in both computing infrastructure and application innovation within the AI sector [5][6]

Quantitative Models and Construction Methods 1. Model Name: CSI Artificial Intelligence Industry Index (931071.CSI) - **Model Construction Idea**: The index is designed to reflect the overall performance of listed companies in the AI industry by selecting the top 50 representative securities based on AI business proportion, growth level, and market capitalization[37][38] - **Model Construction Process**: - **Sample Space**: Includes companies providing foundational resources, technical support, or application support for AI, such as specialized computing chips, cloud computing, big data, and AI applications like smart security and smart healthcare[38] - **Selection Method**: 1. Rank securities by daily average trading volume over the past year and exclude the bottom 20%[38] 2. Select companies involved in AI-related businesses, categorized into foundational resources, technical support, and application areas[38] 3. Calculate a comprehensive score for remaining securities: - Comprehensive Score = (Past Year Average Market Cap) × (AI Revenue Proportion Score) × (Revenue Growth Score) - Revenue Growth Score: Standardized score of the average revenue growth over the past two years - AI Revenue Proportion Score: - ≥70% AI revenue: Score = 1 - 30%-70% AI revenue: Score = 1 for internet/software companies; otherwise, score = AI revenue proportion - <30% AI revenue: Score = AI revenue proportion[38] 4. Select the top 50 securities with the highest comprehensive scores as index components[38] - **Weighting Method**: Adjusted free-float market capitalization weighting, incorporating AI revenue proportion and revenue growth scores[38] - **Rebalancing**: Semi-annual adjustments in June and December[38] - **Model Evaluation**: The index is characterized by comprehensiveness, growth orientation, and purity, ensuring it captures the AI industry's development while avoiding speculative stocks[41][44][51] --- Model Backtesting Results 1. CSI Artificial Intelligence Industry Index - **Return**: 68.57% (2024.02.05–2025.03.21)[67][68] - **Annualized Sharpe Ratio**: 1.38[68] - **Annualized Volatility**: 39.74%[68]