Group 1 - Jiangsu Changjiang Electronics Technology Co., Ltd. (长电科技) experienced a stock price increase of 5.05%, reaching 41.18 CNY per share, with a trading volume of 4.803 billion CNY and a turnover rate of 6.60%, resulting in a total market capitalization of 73.688 billion CNY [1] - The company, established on November 6, 1998, and listed on June 3, 2003, specializes in integrated circuit system integration, design simulation, technology development, product certification, wafer testing, wafer-level packaging testing, system-level packaging testing, and chip finished product testing, providing direct shipping services to semiconductor customers worldwide [1] - The main revenue composition of the company includes 99.59% from chip packaging and testing, 0.35% from other sources, and 0.05% from leasing income [1] Group 2 - In terms of fund holdings, Invesco Great Wall Fund has one fund heavily invested in Changjiang Electronics Technology, specifically the Invesco Great Wall CSI Chip Industry ETF (159560), which reduced its holdings by 6,200 shares in the second quarter, now holding 94,900 shares, accounting for 2.52% of the fund's net value, ranking as the ninth largest holding [2] - The Invesco Great Wall CSI Chip Industry ETF (159560) was established on November 9, 2023, with a latest scale of 127 million CNY, achieving a year-to-date return of 44.97%, ranking 730 out of 4,220 in its category; over the past year, it has returned 134.45%, ranking 110 out of 3,814; and since inception, it has returned 67.89% [2] - The fund manager of the Invesco Great Wall CSI Chip Industry ETF is Zhang Xiaonan, who has been in the position for 10 years and 32 days, managing total assets of 32.605 billion CNY, with the best fund return during his tenure being 136.66% and the worst being -40.49% [3]

Group 1 - The core viewpoint of the news highlights the ongoing premium risk and trading suspension of the Invesco Great Wall S&P Consumer Select ETF, with over 150 similar risk alerts issued since November 2024 [1] - The S&P Consumer Select ETF has experienced significant price volatility, with a peak premium rate of 51.8% in January 2025, which has since decreased to 21.3% as of July 14, 2025, still above the average level for cross-border ETFs [3][5] - The fund's management scale reached 60.49 billion yuan as of July 14, 2025, reflecting an increase of over 6 billion yuan since the end of Q1 2025, although its ranking has dropped to 18th [1] Group 2 - The Invesco Great Wall Chip Industry ETF has faced scrutiny due to design flaws in its arbitrage mechanism, leading to significant investor losses during the period from October 2024 to February 2025 [8] - The minimum subscription and redemption unit for the Chip Industry ETF was raised from 500,000 to 1.5 million units to reduce cash substitution frequency and optimize parameters [9] - The average daily trading volume of the Chip Industry ETF over the past six months was 8.03 million yuan, with a return of 4.18%, ranking 2604 out of 2831 in its category [12] Group 3 - The Shanghai Stock Exchange revised ETF risk management regulations, effective August 1, 2025, which include stricter parameters for subscription and redemption and enhanced monitoring of abnormal trading [6] - The S&P Consumer Select ETF's return over the past three months was 8.94%, ranking 333 out of 404 in its category, indicating a need for improved performance management [5] - In response to the trust crisis in traditional ETF business, the company is seeking breakthroughs through product innovation, including the approval of its first Sci-Tech Bond ETF [12]