2月27日，截至11：30，中证软件服务指数上涨2.16%，个股方面，云天励飞-U涨超17%、拓维信息涨 停，光环新网、润和软件等涨超6%。 软件ETF易方达（562930）紧密跟踪中证软件服务指数，该指数选取30只业务涉及软件开发、软件服务 等领域的上市公司证券，反映软件服务产业上市公司证券的整体表现。 消息面上，2月27日谷歌宣布上架新一代图像生成模型Nano Banana 2，该软件模型兼具高质量图像生 成、快速推理能力，支持最多5个角色相貌一致及14个物体忠实呈现，自然语言理解能力显著提升，可 精准捕捉复杂提示词细微差别。同日，厦门市2026年首批软件政策资金兑现截止，采用"免申即享"方式 为121家符合条件的软件企业兑现综合效益奖励，企业需在2月11日-27日通过指定平台完成确认兑现操 作。2月27日国内证券软件智能化升级持续推进，华泰证券AI涨乐等主流证券服务APP发力AI原生功 能，重构产品交互逻辑，搭建"主Agent+多专家Agent"协同架构，推出场景化服务模块，提升用户交易 与信息处理效率。2月24日厦门市工信局发布通知，明确软件政策资金兑现流程，要求各区工信部门协 助通知符合条件企业，确 ...

作者：荔枝 引言：AI技术从"硬件算力"炒作转向"软件应用"落地，软件赛道成为布局AI下半场的核心主线。对于普 通散户，AI软件ETF是规避个股风险、分享行业红利的最优工具。 本文深度测评全市场主流软件ETF，重点解析软件ETF易方达（562930）的核心优势、产品细节与实操 策略，帮你快速筛选适配的投资标的，轻松入门软件ETF投资。 一、基础扫盲：AI软件ETF是什么？ AI软件ETF是聚焦AI产业链下游软件服务领域的行业主题ETF，跟踪特定软件行业指数，投资于SaaS、 云计算、金融IT、工业软件等领域优质企业，区别于聚焦芯片的AI硬件ETF，分散风险且持仓透明。 目前主流软件ETF主要跟踪两大指数：中证软件服务指数（930601）纯度高、无硬件交叉；中证全指软 件指数覆盖广、波动较大。其中，软件ETF易方达（562930）精准跟踪中证软件服务指数（930601）， 是该指数代表性产品，持仓与指数高度贴合，软件赛道纯度突出。 软件ETF易方达（562930）持仓复刻指数，前十大重仓股包含科大讯飞、金山办公、恒生电子等龙头企 业，覆盖核心AI应用场景，持仓分散无风格漂移，信息传输、软件和信息技术服务业持仓占 ...

Group 1 - The core viewpoint of the articles highlights the active development and competition in AI applications among major Chinese companies, particularly around the Chinese New Year, with significant advancements in AI technology being reported [1][2] - The CSI Hong Kong Internet Index, which tracks internet platform companies in Hong Kong, saw a 0.3% increase, with notable gains from Alibaba-W, Xiaomi Group-W, and Kuaishou-W, each rising over 1% [1] - The CSI Software Service Index increased by 1%, with companies like Guanghuan Xunwang rising over 7%, and Yuntian Lifey-U and others also showing significant gains [1] Group 2 - ByteDance's new AI video generation model, Seedance 2.0, showcases advancements in multi-camera storytelling, audio-visual synchronization, and character-scene consistency, indicating a move towards industrial-grade video production [1] - Alibaba Cloud launched the Qwen3-Max-Thinking model, achieving performance comparable to top international standards in high-level reasoning, marking a significant breakthrough for domestic models [1] - DeepSeek released and open-sourced the DeepSeek-OCR 2 model, capable of processing complex images, contributing to the competitive landscape of AI technology [1][2]

Core Insights - The AI application sectors, including software, media, and fintech, are experiencing significant activity, with the CSI Software Service Index rising by 2.1% as of 13:50 on February 3rd [1] - Several domestic model manufacturers have updated their models, showcasing advancements in AI technology, with notable releases from companies like Kuaile AI, DeepSeek, Kimi, and Alibaba [1] - CITIC Securities reports that AI applications are showing structural highlights, particularly in fintech, healthcare, and data sectors, with overall profitability expected to improve significantly by 2026 [1] Group 1 - The CSI Software Service Index includes 30 stocks related to software development and services, covering various AI application scenarios such as AI + office, AI + finance, and AI + education [1] - The top ten weighted stocks in the index, including iFLYTEK, Kingsoft Office, and Tonghuashun, account for over 60% of the index, providing investors with a streamlined way to capture investment opportunities in the AI application field [1]

Group 1 - Qianwen APP announced a 3 billion investment to launch the "Spring Festival Treat Plan," set to go live on February 6, in collaboration with Alibaba's ecosystem businesses such as Taobao Flash Sale, Damai, Fliggy, and Hema, aiming to popularize AI-driven leisure activities nationwide [1] - Baidu's Wenxin and Tencent's Yuanbao have also announced cash red envelopes worth hundreds of millions for the Spring Festival, indicating that the holiday has become a significant platform for major companies to showcase their AI application capabilities [1] - CITIC Securities research report states that the combination of high-frequency holiday traffic and strong operational incentives will continue to validate the retention, activity, and commercialization potential of AI applications, leading to a temporary increase in attention towards related sectors [1] Group 2 - The CSI Hong Kong Stock Connect Internet Index consists of 30 stocks involved in internet-related businesses, covering key areas such as e-commerce platforms, content ecosystems, social media, and software services, with a high proportion of AI applications [1] - The CSI Software Service Index includes 30 A-share stocks engaged in software development and services, covering various AI application scenarios such as AI in office, finance, and education [1] - According to Wind data, the Hong Kong Stock Connect Internet ETF (513040) and Software ETF (562930) saw a net inflow of over 1 billion in January, indicating high market interest and providing investors with a way to invest in leading companies in the AI application field [1]

Group 1 - The market showed signs of recovery on January 30, with the AI application sector's decline narrowing, as the CSI Software Service Index fell by 2.5% [1] - The software ETF E Fund (562930) has attracted significant market attention, with net inflows exceeding 150 million yuan over six consecutive trading days [1] - DeepSeek is set to release its next-generation flagship AI model, DeepSeek V4, in February, which is expected to have a substantial impact on the current AI competitive landscape [1] Group 2 - Bohai Securities believes that the iteration and upgrade of domestic large models like DeepSeek V4 will accelerate technological innovation and application, maintaining a positive outlook on the growth potential of the AI application sector driven by both technological advancements and demand release [1] - The E Fund software ETF tracks the CSI Software Service Index, which consists of 30 stocks involved in software development and services, covering various AI application scenarios such as AI + office, AI + finance, and AI + education [1] - The top ten weighted stocks in the index include iFlytek, Kingsoft Office, Tonghuashun, Guiding Compass, and Hengsheng Electronics, collectively accounting for over 60% of the index, providing investors with a convenient tool for investing in the AI application sector [1]

Group 1 - The software sector is experiencing a significant rebound, with the China Software Service Index rising by 0.5%, and notable stocks like Deepin Technology and Dameng Data increasing by over 4% [1] - The Agent industry is on the verge of a breakthrough, transitioning from simple chatbot functionalities to more complex task execution capabilities, marking a shift from "talking" to "doing" [1] - Products like Anthropic's Claude Cowork and domestic offerings such as MiniMax and Jietiao Xingchen are enhancing local PC-based terminal agents, indicating a progression from the initial development phase to a more advanced stage [1] Group 2 - The China Software Service Index comprises 30 stocks involved in software development and services, covering various AI applications across sectors like office, finance, and education [2] - The top ten weighted stocks in the index, including iFlytek and Kingsoft Office, account for over 60% of the index's total weight, providing a concentrated investment opportunity [2] - The E Fund Software ETF (562930) tracks this index, enabling investors to efficiently allocate resources within the AI application sector [2]

Group 1 - The AI industry chain experienced a collective pullback, with semiconductor equipment and AI application sectors leading the declines, as evidenced by the CSI Software Service Index dropping by 2.7% as of 14:15 [1] - Tencent announced a cash red envelope activity worth 1 billion yuan on its Yuanbao App starting February 1, with individual red envelopes reaching up to 10,000 yuan [1] - Baidu will distribute 500 million yuan in cash red envelopes through its app from January 26 to March 12, with a maximum reward of 10,000 yuan, and will participate as the chief AI partner in the 2026 Beijing Broadcasting Television Spring Festival Gala [1] Group 2 - The CSI Software Service Index consists of 30 stocks involved in software development and services, covering various AI application scenarios, with the top ten weighted stocks accounting for over 60% of the index [2] - The E Fund Software ETF (562930) tracks the CSI Software Service Index, providing investors with efficient access to investment opportunities in the AI application sector [2] Group 3 - According to CITIC Securities, the AI application sector is at a turning point, with model capabilities improving and new overseas opportunities emerging, leading to a potential revaluation of AI applications [1] - AI applications are expanding from traditional scenarios like chatbots and customer service to more diverse areas such as multimodal, agents, and embodied intelligence, with domestic companies accelerating their overseas market strategies [1]

Core Viewpoint - The AI application sector is experiencing a correction, but there are signs of potential growth as AI business revenue for several A-share companies is expected to exceed 10% [1] Group 1: Market Performance - As of 14:40 on January 16, the CSI Software Service Index fell by 2.3%, while the software ETF E Fund (562930) saw a net inflow of nearly 1 billion yuan over the past five trading days [1] - Despite external factors affecting the market, the software index is at a relatively low position, indicating that a spring market rally may still be on the horizon [1] Group 2: AI Business Development - The penetration of AI applications has reached a turning point, with multiple A-share companies expected to see their AI business revenue share surpass 10% [1] - Overseas AI applications are accelerating in commercialization, suggesting a broader market opportunity [1] Group 3: Future Catalysts - There are multiple catalysts to look forward to, including the Deepseek V4 model, the Zhiyuan GLM-5 model, and ongoing activities from ByteDance and Alibaba during the Spring Festival [1] Group 4: Index Composition - The CSI Software Service Index consists of 30 stocks involved in software development and services, covering various AI application scenarios such as AI + office, AI + finance, and AI + education [1] - The top ten weighted stocks account for over 60% of the index, indicating concentrated investment opportunities [1]

Group 1 - The AI application sector, including software and media, opened significantly higher and continued its strong performance from the previous day, with the CSI Software Service Index rising by 2.4% [1] - Notable stock performances included a more than 9% increase in Youyuan Network and over 8% increases in Shenxinfu and Hehe Information, while the CSI Cloud Computing and Big Data Theme Index rose by 2.1% [1] - Huatai Securities indicated that AI applications are expected to emerge and accelerate commercialization, driven by advancements in large model capabilities and reduced inference costs, with a focus on AI in advertising and e-commerce [1] Group 2 - The CSI Software Service Index consists of 30 stocks involved in software development and services, with software development and IT services accounting for 70% and 26% of the index, respectively [1] - The CSI Cloud Computing and Big Data Theme Index focuses on both the upstream computing infrastructure and downstream software applications of the AI industry, with the top three sectors being software development, IT services, and computer equipment, collectively exceeding 75% of the index [1] - The E Fund Software ETF (562930) and E Fund Cloud Computing ETF (516510) track these indices, providing investors with opportunities in the AI application sector [1]