1月29日，科创芯片ETF国泰（589100）回调超1.1%，市场关注行业景气，把握回调布局机会。 科创芯片ETF国泰（589100）跟踪的是科创芯片指数（000685），单日涨跌幅限制达20%，该指数 从科创板市场中选取涉及半导体材料、设计、制造、封装测试等全产业链环节的上市公司证券作为指数 样本，以反映半导体产业相关上市公司证券的整体表现。该指数聚焦于高成长性与科技创新能力，体现 了中国在半导体领域的自主可控进程与技术突破趋势。 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、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 每日经济新闻 （责任编辑：刘畅 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： ...

集成电路ETF（159546）跟踪的是集成电路指数（932087），该指数从沪深市场中选取涉及设计、制 造、封装测试等环节的上市公司证券作为指数样本，以反映集成电路产业相关上市公司证券的整体表 现。该指数侧重于技术创新和高端制造，具有较强的行业特色和技术领先性。 （文章来源：每日经济新闻） 1月29日，集成电路ETF（159546）回调超3.2%，市场关注行业供需与价格动态。 德邦证券指出，硬科技方面，存储/逻辑芯片供给持续紧张，行业普遍价格上涨。受AI服务器需求持续 提升以及相关芯片利润较高的影响，AI服务器正在挤压其他应用的半导体供给。从存储芯片来看，服 务器Dram的涨价有望推动HBM、PCDram和LPDDR的价格；企业级SSD价格继续上涨，MLC NandFlash 供需失衡加剧。从逻辑芯片来看，受台积电、三星减产影响，全球8寸晶圆供给格局紧张。这反映了由 于AI服务器需求快速增长导致其他应用产能受到挤压的趋势。在此趋势以及国产替代的影响下，国内 晶圆代工、存储厂商、半导体设备/材料及IC设计厂商等半导体中上游都有望充分受益。另一方面，芯 片成本的提高对于消费级产品冲击较大，可能会导致终端产品价格上 ...

Market Performance - The market showed mixed performance from January 19 to January 23, with the Shanghai Composite Index rising by 0.84% and the Shenzhen Component Index increasing by 1.11%[5] - The average daily trading volume was 2.80 trillion yuan, a decrease compared to the previous week[5] Healthcare Sector - At the JPM 2026 conference, over 20 Chinese innovative pharmaceutical companies showcased their products, with significant business development (BD) transactions announced[16] - In 2025, the value of China's innovative drug patent licensing transactions reached approximately $135.7 billion, a 143% increase year-on-year, with 157 total transactions[20] Consumer Sector - The Qianwen APP integrated with Alibaba's ecosystem, achieving over 100 million monthly active users within two months of launch, marking its entry into the "billion-level club"[25] - This integration allows for a seamless process from search to decision-making and payment, establishing a comprehensive AI application ecosystem[26] Hard Technology Sector - The supply of storage and logic chips remains tight, leading to widespread price increases across the industry[32] - The price of enterprise SSDs continues to rise, with a projected increase of 33-38% for NAND Flash products due to supply constraints[36] High-end Manufacturing - The State Grid announced a total fixed asset investment of 4 trillion yuan for the 14th Five-Year Plan period (2026-2030), a 40% increase from the previous period, averaging 800 billion yuan annually[42] - The goal is to achieve a 30% share of renewable energy in total power generation by 2030, indicating significant growth potential for the solar and wind energy sectors[46]

Market Performance - The market showed mixed performance from January 19 to January 23, with the Shanghai Composite Index rising by 0.84% and the Shenzhen Component Index increasing by 1.11%[5] - The average daily trading volume was 2.80 trillion yuan, a decrease compared to the previous week[5] Healthcare Sector - At the JPM 2026 conference, over 20 Chinese innovative pharmaceutical companies showcased their advancements, with significant business development (BD) transactions reported[16] - In 2025, the value of China's innovative drug patent licensing transactions reached approximately $135.7 billion, a 143% year-on-year increase, with 157 total transactions[20] Consumer Sector - The Qianwen APP integrated with Alibaba's ecosystem, achieving over 100 million monthly active users within two months of launch, marking its entry into the "billion-level club"[25] - This integration allows for a seamless process from search to decision-making and payment, establishing a comprehensive AI application ecosystem[26] Hard Technology Sector - The supply of storage and logic chips remains tight, leading to widespread price increases across the industry[32] - The price of enterprise SSDs continues to rise due to increased demand from AI servers, with NAND Flash supply expected to decrease by 41.7% in 2026[35] High-end Manufacturing - The State Grid announced a total fixed asset investment of 4 trillion yuan for the 14th Five-Year Plan period (2026-2030), a 40% increase from the previous period, averaging 800 billion yuan annually[42] - By 2030, renewable energy generation is expected to account for approximately 30% of total power generation, indicating significant growth potential in the solar and wind sectors[46]