每日经济新闻 （责任编辑：董萍萍 ） 上海证券指出，新材料领域成长性机会值得关注。固态电池产业化进程加速，利好相关材料，其产 业化处于从半固态向全固态过渡的关键期，工程化突破预计将在2026-2027年实现，这将推动硅基负 极、锂金属负极、高镍三元、富锂锰基正极以及固态电解质等关键材料的发展。同时，光刻胶作为产业 链关键材料，下游需求旺盛，市场规模持续扩大，而高端产品进口依赖度高，替代进程正在加速。此 外，在磷化工领域，储能市场的快速发展有望提振磷酸铁锂及其上游磷酸铁的需求。 新材料50ETF（159761）跟踪的是新材料指数（H30597），该指数从市场中选取涉及先进基础材 料、关键战略材料及前沿新材料等业务领域的上市公司证券作为指数样本，以反映新材料相关上市公司 证券的整体表现，并体现行业在技术创新与产业升级方面的趋势。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供 参考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构 成投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产 品要素、风险等级 ...

Group 1 - The core viewpoint is that the expansion of AI infrastructure will drive the chemical new materials sector into a period of prosperity, with capital expenditures (Capex) on the rise and data centers entering a phase of concentrated construction and delivery [1] - Key upstream materials such as electronic resins, Q fabrics, and precursors will benefit from the dual drivers of new capacity construction and hardware iteration upgrades [1] - AI applications are accelerating penetration across the entire chemical supply chain, focusing on high-risk inspections with "AI + robotics" in equipment, molecular discovery and process optimization with "AI + automation" in R&D, and AI-assisted formula upgrades and new material iterations in products [1] Group 2 - The current commercialization path of AI is clear, transitioning from a "technology validation phase" to a "scale operation phase," enhancing the certainty of new material demand as the link between revenue and computing power investment gradually closes [1] - The New Materials 50 ETF (159761) tracks the New Materials Index (H30597), which focuses on the new materials industry by selecting listed companies involved in advanced basic materials, key strategic materials, and cutting-edge new materials [1] - The index components cover high-performance composite materials and new functional materials, characterized by high growth and innovation, with a focus on the chemical and non-metallic new materials sectors [1]

Core Viewpoint - The "14th Five-Year Plan" prioritizes high-quality development, emphasizing technological self-reliance and modernization of the industrial system, which will accelerate the development of strategic emerging industries like new materials, potentially creating a trillion-yuan market [1] Industry Summary - The chemical new materials industry is entering a period of accelerated development, particularly in segments such as photoresists, high-end engineering plastics, thermal interface materials, and high-end additives [1] - China's chemical industry chain is expected to reshape the global chemical industry landscape due to significant cost advantages and continuous technological breakthroughs [1] - In the refrigerant sector, adjustments to the quota scheme in 2026 are anticipated to ensure healthy industry development, maintaining a positive outlook on its long-term prosperity cycle [1] - Supply-side structural optimization is expected, with recommendations to focus on sectors with significant supply compression elasticity, such as organic silicon and membrane materials, as well as varieties with relative advantages [1] Investment Product Summary - The New Materials 50 ETF (159761) tracks the New Materials Index (H30597), which selects listed companies involved in advanced basic materials, key strategic materials, and cutting-edge new materials to reflect the overall performance of high-tech barrier and innovative capability enterprises in the new materials sector [1] - The industry allocation primarily covers high-tech manufacturing sectors such as chemicals, electronics, and new energy [1]

Group 1 - The new materials industry is experiencing high demand from downstream sectors and opportunities for substitution, with leading companies expected to enter a rapid growth phase due to high technological barriers [1] - New types of glass and carbon fiber are benefiting from sustained demand from high-growth downstream sectors such as renewable energy, with short-term support for the electronic yarn market coming from high-end products and low dielectric fields [1] - The fiberglass industry is seeing a demand boost from wind power, leading to inventory reduction and price increases, while the photovoltaic glass market is stabilizing with a slowdown in inventory growth [1] Group 2 - The New Materials 50 ETF (159761) tracks the New Materials Index (H30597), which is compiled by China Securities Index Co., Ltd., selecting listed companies from the A-share market involved in advanced steel, non-ferrous metals, chemicals, and inorganic non-metallic materials [1] - The index emphasizes technological innovation and industrial upgrading, showcasing high growth potential and industry representation [1] - Investors without stock accounts can consider the Guotai CSI New Materials Theme ETF Initiated Link A (014908) and Guotai CSI New Materials Theme ETF Initiated Link C (014909) [1]

Group 1 - The new materials industry is experiencing growth opportunities driven by policy support and technological breakthroughs, particularly in biobased materials and synthetic biology [1] - The demand for electronic-grade polyphenylene oxide (PPO) is surging due to explosive growth in AI servers, leading domestic manufacturers to achieve technological breakthroughs and enter leading supply chains [1] - The domestic production of OLED materials is accelerating due to policy promotion and technological optimization, with full-size penetration speeding up [1] Group 2 - The New Materials 50 ETF (159761) tracks the New Materials Index (H30597), which reflects the overall performance of listed companies in high-performance composite materials and new metal materials sectors [2] - The index focuses on innovative and high-growth potential sub-sectors within the new materials industry, showcasing the investment value and development trends of the sector [2] - Investors without stock accounts can consider the Guotai Zhongzheng New Materials Theme ETF linked A (014908) and C (014909) for investment opportunities [2]

Core Viewpoint - The new materials industry is experiencing strong price performance in sectors such as polysilicon, biodiesel, and refrigerants, driven by demand from emerging technology industries [1] Group 1: Price Performance - Polysilicon benchmark spot price reached 43,585 yuan/ton, with a weekly increase of 6.21% [1] - Refrigerant R32 price is at 54,000 yuan/ton, with a weekly increase of 0.93% [1] - Biodiesel price rebounded to 8,183 yuan/ton, with a weekly increase of 1.02% [1] Group 2: Demand Growth - High-performance fibers and lightweight materials are benefiting from the development of robotics and low-altitude economy, with significant demand growth for carbon fiber, UHMWPE, and PEEK materials [1] - UHMWPE is widely used in aerospace applications, while PEEK is preferred for humanoid robot weight reduction due to its mechanical strength and high-temperature resistance [1] Group 3: Market Trends - The trend of domestic production of electronic chemicals is accelerating, leading to continuous expansion of the materials market [1] - In photovoltaic materials, EVA prices have stabilized, and the domestic production process of POE is advancing [1] Group 4: Investment Opportunities - The New Materials 60 ETF (159761) tracks the New Materials Index (H30597), which selects listed companies involved in advanced steel materials, new inorganic non-metallic materials, high-performance fibers, and composite materials [1] - The index focuses on high-tech and industrial upgrading directions, showcasing strong innovation and growth potential [1]