Institutions: Satellite Communication Strategy Accelerates, Communication ETF (515880) Rises 1.62% Intraday

NewTimeSpace News, as of 13:59 on January 22, 2026, the CSI All-Cap Communication Equipment Index (931160) surged 1.58%. Component stocks performed strongly: Sunway Communication rose 9.29%, Gosuncn Technology Group climbed 7.55%, Yongding Co., Ltd. increased by 5.28%, while other stocks such as Tianfu Communication and InnoLight Technology followed suit. The Communication ETF (515880) rose 1.62% to a latest price of 3.14 yuan. Over a longer period, as of January 21, 2026, the ETF has accumulated a 4.99% increase in the past month. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

In terms of liquidity, the ETF recorded an intraday turnover rate of 5.28% with a trading volume of 744 million yuan. Looking back, as of January 21, its average daily trading volume in the past month was 1.43 billion yuan.

Regarding scale, the latest size of the Communication ETF reached 13.782 billion yuan. (Data source: Wind)

In terms of capital flows, the ETF recorded a net outflow of 29.1 million yuan on the latest trading day. Over a longer horizon, within the past 5 trading days, there were net inflows on 4 days, totaling 1.603 billion yuan in capital raised, with an average daily net inflow of 32.1 million yuan. (Data source: Wind)

Data shows that leveraged funds have been continuously increasing positions. The ETF’s latest margin purchase amount was 60.3156 million yuan, and the outstanding margin balance stood at 459 million yuan. (Data source: Wind)

As of January 21, the ETF’s net value has surged 254.34% over the past 3 years, ranking 1st among 1,991 index equity funds (top 0.05%). In terms of profitability, as of January 21, 2026, since its establishment, the ETF has achieved a maximum monthly return of 45.44%, the longest consecutive monthly gain period of 6 months with a cumulative increase of 133.31%, a ratio of rising to falling months of 41:35, an average return of 8.44% in rising months, an annual profit percentage of 66.67%, and a 63.06% probability of profit when held for 2 years historically. Additionally, its annualized excess return over the benchmark in the past 2 years was 1.18%.

As of January 16, 2026, the ETF’s Sharpe ratio over the past year was 2.61.

In terms of drawdown, as of January 21, 2026, the ETF’s maximum drawdown since the start of the year was 5.12%, with a relative drawdown against the benchmark of 0.02%.

Regarding fees, the ETF’s management fee rate is 0.50% and the custodian fee rate is 0.10%.

In terms of tracking accuracy, as of January 21, 2026, the ETF’s tracking error in the past month was 0.019%.

The Communication ETF closely tracks the CSI All-Cap Communication Equipment Index, which selects listed company securities engaged in the communication equipment sector from the CSI All-Cap Index as index samples to reflect the overall performance of listed securities in this theme.

Data shows that as of December 31, 2025, the top ten constituent stocks of the CSI All-Cap Communication Equipment Index (931160) by weight were: InnoLight Technology, Eoptolink Technology, Foxconn Industrial Internet, ZTE Corporation, Tianfu Communication, Sunway Communication, Zhongtian Technology, Hengtong Optic-Electric Co., Ltd., Transsion Holdings, and Cambridge Technology. The combined weight of these top ten stocks accounted for 67.73%. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

SCS stated that according to the official website of the International Telecommunication Union (ITU), China applied for frequency-orbit resources for 14 constellations totaling over 200,000 satellites in December 2025. If the ITU approves all relevant applications in the future, the strategic acceleration of such a large-scale frequency-orbit resource deployment will bring more satellite deployment expectations to the satellite communication industry and further open up the market space of the satellite communication industry.

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