本周，科创100指数上涨5.6%，科创成长指数上涨5.4%，科创综指上涨4%，科创板50指数上涨2.8%。 设备、软件开发行业合计占比近75% 益 上证科创板100指数 a 上证科创板综合指数 由科创板全市场证券组成,全面覆盖大、中、小盘风格, 聚焦人工智能、半导体、新能源、创新药等核心前沿产 业,覆盖科创板上市的全部17个一级行业,兼具高成长 性与风险分散特征 展望后市，招商证券认为，AI需求增长带动全球存储及先进制程产能扩张，展望2026-2027年国内存储及先进制程扩产有望 提速，国内设备厂商订单持续向好，国产化率进入快速提升阶段，卡位良好及份额较高的存储设备公司有望受益。关注受 益于存储扩产周期的设备、需求持续向好的算力及代工等，同时建议关注各科创指数核心成分股。 | | 上证科创板50 | 上证科创板100 | 上证科创板 | 上证科创板成长 | | --- | --- | --- | --- | --- | | | 成份指数 | 指数 | 综合指数 | 指数 | | 本周涨跌幅 | 2.8% | 5.6% | 4. 0% | 5.4% | | 指数滚动 市盘率 | 161.2倍 | 193.2倍 ...

今日科创板整体表现较强，盘面上，商业航天概念股再度走强，高华科技涨近19%，臻镭科技涨超16%，盛邦安全、有研粉材、航天软件涨超10%，铂力特 涨超8%，中科星图涨超7%；半导体板块多数上涨，复旦微电涨超16%，恒烁股份涨超13%，成都华微涨超12%。指数方面，科创100指数上涨1.6%，科创成 长指数上涨1.3%，科创综指上涨0.9%，科创板50指数下跌0.2%。 小科创企业,申子、医药生物、申 力设备、计算机行业合计占比超 80%,其中电子、医药生物行业占 比较高 1.6 科创综指ETF易方达 低费率 跟踪上证科创板综合指数 该指数由科创板全市场证券组成, 全面覆盖大、中、小盘风格,聚焦 人工智能、半导体、新能源、创新 药等核心前沿产业,覆盖科创板上 市的全部17个一级行业,兼具高成 长性与风险分散特征 今日 该指数消 0. 99 每日经济新闻 科创成长50ETF 跟踪上证科创板成长指数 该指数由科创板中营业收入与净利 润等业绩指标增长率较高的50只股 票组成,成长风格突出,业绩高增 长行业占比高, 申子、医药生物行 令日 该指数污 ...

截至午间收盘，科创成长指数上涨2.3%，科创板50指数上涨2.0%，科创100指数上涨1.8%，科创综指上涨1.7%。资金持续借道相 关ETF布局科创板，Wind数据显示，截至上周五，科创板50ETF（588080）近10个交易日合计"吸金"16.5亿元。 | 科创板50ETF 低费率 | | | 588080 | | --- | --- | --- | --- | | 跟踪上证科创板50成份指数 | | | | | 该指数由科创板中市值大、流动性 | 截至午间收盘 | 该指数 | 该指数自2020年 | | 好的50只股票组成,"硬科技"龙 | 该指数涨跌 | 滚动市盈率 | 发布以来估值分位 | | 头特征显著,半导体占比超65%, | | | | | 与医疗器械、软件开发、光伏设备 行业合计占比近80% | 2. 0% | 155.4倍 | 95. 7% | | 科创100ETF易方达 【用于平 | | | 588210 | | 跟踪上证科创板100指数 | | | | | 该指数由科创板中市值中等且流动 | 截至午间收盘 | 该指数 | | | 性较好的100只股票组成,聚焦中 | 该指数涨跌 | 滚 ...

Group 1 - The core viewpoint of the news highlights a positive growth trend in the semiconductor industry driven by AI, with significant performance from domestic companies in Q3 and expectations for a strong Q4 [1][5] - The Sci-Tech Innovation Board indices showed notable weekly increases: the Sci-Tech Growth Index rose by 6.1%, the Sci-Tech 100 Index by 5.9%, the Sci-Tech Composite Index by 5.4%, and the Sci-Tech 50 Index by 3.2% [1][3] - Tianfeng Securities forecasts continued optimistic growth in the global semiconductor market through 2025, emphasizing the importance of performance elasticity in storage, power, foundry, ASIC, and SoC sectors, as well as the localization of equipment materials and computing chips [1][5] Group 2 - The Sci-Tech 100 Index consists of 100 medium-sized, liquid stocks from the Sci-Tech Innovation Board, focusing on small and medium-sized innovative enterprises, with over 80% of its composition in electronics, biomedicine, computers, and power equipment [5] - The Sci-Tech Composite Index covers all market securities on the Sci-Tech Innovation Board, focusing on core industries such as AI, semiconductors, new energy, and innovative pharmaceuticals, providing high growth potential and risk diversification [5] - The Sci-Tech Growth Index is composed of 50 stocks with high growth rates in revenue and net profit, with over 95% of its composition in electronics, power equipment, biomedicine, and automotive industries [5]

Market Performance - The STAR Market 50 Index decreased by 5.5%, the STAR 100 Index fell by 5.7%, the STAR Composite Index dropped by 6.2%, and the STAR Growth Index declined by 6.6% this week [1][3] - As of yesterday, the STAR Market 50 ETF (588080) saw a net inflow of over 300 million yuan this week [1] Economic Outlook - Barclays Research recently released a quarterly global economic outlook report, indicating that the narrative of AI-driven growth will continue to deepen until 2026, marking an irreversible trend [1] - In terms of investment outlook, Barclays is optimistic about the performance of Chinese stocks, predicting a strong performance in 2025, with major indices weighted heavily towards Chinese stocks showing good trends [1] Valuation Metrics - The rolling price-to-earnings (P/E) ratios for the STAR Market indices are as follows: STAR 50 at 149.8 times, STAR 100 at 207.1 times, STAR Composite at 203.6 times, and STAR Growth at 149.6 times [3] - Despite the positive outlook, Chinese stocks remain relatively undervalued compared to other major markets [1]

Group 1 - The core viewpoint of the news highlights a significant decline in various technology indices, with the Sci-Tech Growth Index and Sci-Tech Comprehensive Index both down by 1.6%, and the Sci-Tech 50 Index down by 1.7% as of midday closing [1] - AMD's CEO predicts that the data center chip and system market could reach a size of $1 trillion by 2030, driven by the AI wave [1] - The AI sector is prompting a comprehensive infrastructure upgrade from hardware to software to support the growing computational power demands, with an expected annual growth rate of 60% for AMD's data center business over the next three to five years, indicating substantial growth potential in this field [1] Group 2 - The Sci-Tech 50 ETF tracks the top 50 stocks in the Sci-Tech board, with a significant focus on "hard technology" companies, particularly in the semiconductor sector, which accounts for over 65% of the index [3] - The rolling price-to-earnings ratio for the Sci-Tech 50 ETF is currently at 157.5 times, reflecting a high valuation level [3] - The Sci-Tech 100 ETF focuses on 100 medium-sized stocks with good liquidity, with electronic, pharmaceutical, and electrical equipment sectors making up over 80% of the index [3] - The rolling price-to-earnings ratio for the Sci-Tech 100 ETF is at 237.3 times, indicating a premium valuation [3] - The Sci-Tech Comprehensive Index ETF covers all market segments and focuses on core industries such as AI, semiconductors, and new energy, with a rolling price-to-earnings ratio of 218.9 times [3] - The Sci-Tech Growth 50 ETF consists of 50 stocks with high growth rates in revenue and net profit, with electronic and pharmaceutical sectors accounting for nearly 75% of the index [3]

Group 1 - The technology sector experienced a volatile adjustment today, with the robotics sector leading the decline, and both computing hardware and innovative pharmaceutical and medical device stocks collectively falling [1] - As of the market close, the STAR Market 50 Index dropped by 1.0%, the STAR Growth Index fell by 1.4%, the STAR Composite Index decreased by 1.6%, and the STAR 100 Index declined by 1.9% [1] - According to Wind data, the STAR Market 50 ETF (588080) has seen a net inflow of funds for four consecutive trading days, totaling over 500 million yuan [1] Group 2 - The STAR Market 50 ETF tracks the STAR Market 50 Index, which consists of 50 stocks with large market capitalization and good liquidity, prominently featuring "hard technology" companies, with over 65% in semiconductors and nearly 80% in total across medical devices, software development, and photovoltaic equipment [3] - The STAR 100 ETF focuses on 100 medium-cap stocks with good liquidity, with over 80% in electronics, pharmaceuticals, and electrical equipment, and a significant portion in the electronics and pharmaceuticals sectors [3] - The STAR Composite Index ETF covers all securities in the STAR Market, focusing on core frontier industries such as artificial intelligence, semiconductors, new energy, and innovative pharmaceuticals, encompassing all 17 primary industries in the STAR Market [3]

Group 1 - The technology sector showed mixed performance this week, with CPO, PCB, and memory chips experiencing a pullback, while batteries and software sectors performed strongly [1] - The STAR 100 Index increased by 0.7%, while the STAR Growth Index and STAR Composite Index both decreased by 0.7%, and the STAR 50 Index fell by 3.2% [2] - The "14th Five-Year Plan" emphasizes strengthening original innovation and tackling key core technologies, aiming for decisive breakthroughs in critical areas such as integrated circuits, high-end equipment, and advanced materials [1] Group 2 - According to Cinda Securities, the policy content of the "14th Five-Year Plan" highlights the priority of building a modern industrial system, with a focus on technological innovation and new productivity as key development directions [1] - The expectations for domestic substitution, expanding domestic demand, and national defense security are likely to increase, potentially catalyzing the end of market fluctuations and leading to an upward trend in indices [1]

Market Overview - The technology sector, which had previously seen significant gains, experienced a general pullback this week, with notable declines in photolithography machines, copper cable high-speed connections, CPO, and advanced packaging [1] - The STAR Market Composite Index fell by 6.1%, the STAR Market 50 Index decreased by 6.2%, the STAR Market 100 Index dropped by 6.3%, and the STAR Market Growth Index declined by 6.8% [1][3] Financial Performance - TSMC recently released its Q3 financial report, with revenue and net profit exceeding market expectations, which may boost market optimism regarding the AI chip sector [1] Index Performance - The STAR Market 50 Index, STAR Market 100 Index, STAR Market Composite Index, and STAR Market Growth Index all showed negative weekly performance, with declines ranging from 6.1% to 6.8% [3] - The rolling price-to-earnings (P/E) ratios for these indices are as follows: STAR Market 50 at 181.3 times, STAR Market 100 at 275.5 times, STAR Market Composite at 259.5 times, and STAR Market Growth at 217.6 times [3] Historical Performance - Over the past month, the STAR Market 50 Index decreased by 1.2%, while the STAR Market Growth Index saw a decline of 5.7% [7] - Year-to-date performance shows the STAR Market Growth Index leading with a 60.0% increase, followed by the STAR Market 100 Index at 43.5% [7]

Core Insights - The article discusses various ETFs tracking the STAR Market indices, highlighting their composition and performance metrics [2]. Group 1: STAR Market ETFs - The STAR Market 50 ETF tracks the STAR Market 50 Index, consisting of 50 large-cap and liquid stocks, with a significant focus on "hard technology" sectors, particularly semiconductors, which account for over 65% of the index [2]. - The STAR Market 100 ETF follows the STAR Market 100 Index, comprising 100 mid-cap stocks, with a focus on small and medium-sized innovative enterprises, where electronics and biopharmaceuticals dominate, making up over 80% of the index [2]. - The STAR Market Comprehensive Index ETF tracks the STAR Market Comprehensive Index, covering all market securities and focusing on core industries such as artificial intelligence, semiconductors, and new energy, encompassing all 17 primary industries listed on the STAR Market [2]. Group 2: Performance Metrics - As of the latest trading session, the STAR Market 50 ETF experienced a decline of 0.4%, with a rolling price-to-earnings ratio of 185.4 times and a valuation percentile of 99.3% since its inception in 2020 [2]. - The STAR Market 100 ETF saw a decrease of 1.1%, with a rolling price-to-earnings ratio of 279.5 times [2]. - The STAR Market Comprehensive Index ETF reported a drop of 1.0%, with a rolling price-to-earnings ratio of 265.6 times [2].