Domestic Low-Orbit Satellite Internet Development Still in Early Stages,Harvest CSI High-End Equipment Subdivision 50 ETF(159638) Falls Nearly 5% in Morning Trading

NewTimeSpace News–As of 11:09 on January 15, 2026, High-end Equipment ETF (159638) fell 4.84%, with the latest price at RMB 1.16. Looking at a longer timeframe, as of January 14, 2026, the ETF has accumulated an 8.36% gain over the past week. (The stocks listed above are index constituents only and do not constitute specific investment recommendations.)

In terms of liquidity, High-end Equipment ETF recorded an intraday turnover ratio of 16.12% with trading volume of RMB 433 million, showing active market trading. Over a broader period, as of January 14, the ETF's average daily trading volume over the past week reached RMB 261 million.

Regarding scale, High-end Equipment ETF's latest assets under management reached RMB 2.801 billion. (Data source: Wind)

In terms of fund flows, High-end Equipment ETF recorded latest net capital outflow of RMB 41.8283 million. Looking at a longer period, 4 out of the past 5 trading days saw capital inflows, totaling RMB 340 million in "capital attraction" with an average daily net inflow of RMB 68.0591 million. (Data source: Wind)

Data shows leveraged funds continue to build positions. High-end Equipment ETF's latest margin purchase reached RMB 9.5849 million, with the latest financing balance at RMB 20.9246 million. (Data source: Wind)

As of January 14, High-end Equipment ETF's NAV has increased 77.91% over the past two years. In terms of return capability, as of January 14, 2026, since its inception, the ETF's highest monthly return reached 22.47%, the longest consecutive gain period lasted 4 months with a total gain of 30.19%, the average return during positive months was 7.38%, and the annual profitability percentage was 66.67%. As of January 14, 2026, the ETF's 3-month annualized excess return over benchmark was 2.02%.

As of January 9, 2026, High-end Equipment ETF's Sharpe ratio over the past year stands at 1.99.

Regarding drawdown, as of January 14, 2026, High-end Equipment ETF's maximum year-to-date drawdown was 5.83%, with a relative benchmark drawdown of 0.06%.

In terms of fees, High-end Equipment ETF's management fee rate is 0.50% and custody fee rate is 0.10%.

In tracking accuracy, as of January 14, 2026, High-end Equipment ETF's year-to-date tracking error was 0.012%.

High-end Equipment ETF closely tracks the CSI High-end Equipment Subdivision 50 Index, which selects 50 representative listed company securities involved in aerospace equipment manufacturing, aviation power and control systems, microwave radar, satellite navigation, photoelectric infrared, communication equipment, electronic components, information security, aerospace materials, and other businesses as index constituents to reflect the overall performance of listed companies in high-end equipment subdivisions such as aerospace.

Orient Securities stated that due to limited space capacity, low-orbit satellite orbits follow a first-come, first-served principle, prompting countries to accelerate low-orbit constellation deployment to seize orbital resources. Although China's low-orbit satellite internet development is still in its early stages, newly applied giant constellations highlight China's strategic determination and capability in low-orbit construction. Since July 2025, China has entered a rapid networking period, and future low-orbit satellite constellation operators are expected to increase further. Meanwhile, as rocket launch positions are completed successively, heavy-lift rockets are deployed, and reusable rocket technology continuously advances, satellite networking progress is expected to continue accelerating.

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