Institution: Supported by AI and Export Tailwinds, GF Chip ETF (159801) Rises 5.24% Intraday

NewTimeSpace News：As of 13:55 on January 21, 2026, the CSI Semiconductor Chip Index (980017) rose strongly by 5.21%. Its constituent stocks performed impressively: Loongson Technology Group Corporation jumped 20.00%, Hygon Information Technology Co., Ltd. rose 13.44%, Montage Technology Group Co., Ltd. gained 12.32%, while Tongfu Microelectronics Co., Ltd. and Jiangsu Changjiang Electronics Technology Co., Ltd. followed suit. The GF Chip ETF (159801) advanced 5.24% to a new price of RMB 1.02. Over a longer period, as of January 20, 2026, the ETF has increased by 5.08% cumulatively in the past week. (The stocks listed above are only index constituents and do not constitute specific investment recommendations.)

The GF Chip ETF achieved an intraday turnover rate of 5.02% with a trading volume of RMB 224 million. Over the longer term, as of January 20, its average daily trading volume in the past week stood at RMB 175 million.

The scale of the GF Chip ETF increased by RMB 936 million in the past six months, realizing substantial growth and ranking 1st among 4 comparable funds in terms of new scale. (Data source: Wind)

Data shows that leveraged funds have continued to increase their positions. The latest margin purchase amount of the GF Chip ETF reached RMB 8.8287 million, with the latest margin balance standing at RMB 53.5091 million. (Data source: Wind)

As of January 20, the net value of the GF Chip ETF has risen 38.44% in the past five years, ranking 206th among 1,079 index equity funds (top 19.09%). In terms of profitability, as of January 20, 2026, since its establishment, the ETF has achieved a maximum monthly return of 30.34%, the longest consecutive monthly gain period of 4 months with a cumulative increase of 65.22%, a ratio of rising to falling months of 36/35, an average return of 8.99% in rising months, and an annual profitability rate of 60.00%.

As of January 16, 2026, the Sharpe ratio of the GF Chip ETF over the past year was 1.59.

As of January 20, 2026, the ETF’s maximum drawdown since the beginning of the year was 3.33%, with a relative benchmark drawdown of 0.07%. The number of days to recover from the drawdown was 3 days, the fastest among comparable funds.

The GF Chip ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

As of January 20, 2026, the ETF’s tracking error in the past three months was 0.018%, achieving the highest tracking accuracy among comparable funds.

The GF Chip ETF closely tracks the CSI Semiconductor Chip Index. Compiled to reflect the market performance of listed companies related to the chip industry on the Shanghai, Shenzhen, and Beijing Stock Exchanges and enrich index investment tools, the CSI Semiconductor Chip Index serves as an important benchmark for the sector.

Data shows that as of December 31, 2025, the top 10 constituent stocks by weight of the CSI Semiconductor Chip Index (980017) were Semiconductor Manufacturing International Corporation (SMIC), Hygon Information Technology Co., Ltd., Cambricon Technologies Corporation Limited, NAURA Technology Group Co., Ltd., GigaDevice Semiconductor Inc., Montage Technology Group Co., Ltd., Advanced Micro-Fabrication Equipment Inc. China (AMEC), OmniVision Technologies Inc., Topping Semiconductor Co., Ltd., and Jiangsu Changjiang Electronics Technology Co., Ltd. The combined weight of these top 10 stocks accounted for 68.8%. (The stocks listed above are only index constituents and do not constitute specific investment recommendations.)

East Jincheng stated that data released by the General Administration of Customs on January 14 showed that China’s export volume in December 2025 increased by 6.6% year-on-year, 0.7 percentage points faster than the growth rate in November. The trade diversion effect continued to unfold in December, with China’s exports to economies participating in the Belt and Road Initiative accelerating. Additionally, driven by the global AI investment boom and the transformation and upgrading of domestic manufacturing, the export growth rates of chips and automobiles accelerated significantly in December.

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