Institution: AI Industrial Capacity Release Drives Profitability Improvement,Media ETF (512980) Rises 3.39% Intraday

As of 13:23 on January 23, 2026, the CSI Media Index (399971) rose 3.31%, with multiple constituent stocks hitting the daily limit or surging sharply. The Media ETF (512980) rose 3.39% in tandem to close at 1.22 yuan. Boasting abundant liquidity and steady growth in scale and shares, the ETF has achieved a net value increase of 57.66% in the past year, delivering outstanding performance in terms of fees, tracking accuracy, and drawdown control.

NewTimeSpace News: As of 13:23 on January 23, 2026, the CSI Media Index (399971) surged 3.31%. Among its constituent stocks, Zhewen Internet rose 10.05%, Jiangsu Broadcasting Cable

Information Network Co., Ltd. jumped 10.00%, Yidian Tianxia advanced 7.90%, while Yanshan Technology, BlueFocus Intelligent Communications Group Co., Ltd. and other stocks followed suit. The Media ETF (512980) climbed 3.39% to a new price of 1.22 yuan. Over a longer period, as of January 22, 2026, the Media ETF has accumulated a gain of 8.05% in the past two weeks, ranking 1st among 2 comparable funds. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

In terms of liquidity, the intraday turnover rate of the Media ETF reached 9.76% with a trading volume of 1 billion yuan. Over a longer timeframe, as of January 22, the average daily trading volume of the ETF in the past week stood at 1.192 billion yuan.

Regarding scale, the Media ETF's scale increased by 60.779 million yuan in the past week, achieving significant growth and ranking 1st among 2 comparable funds in terms of new scale. (Data source: Wind)

In terms of shares, the ETF's shares grew by 246 million in the past week, posting substantial growth and ranking 1st among 2 comparable funds in terms of new shares. (Data source: Wind)

For capital inflows, the Media ETF recorded a net capital outflow of 3.5341 million yuan recently. Over the past 5 trading days, it has accumulated a total capital inflow of 44.4232 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to increase their positions. Since the start of this month, the net financing purchase amount of the Media ETF has reached 22.5033 million yuan, with the latest financing balance standing at 371 million yuan. (Data source: Wind)

As of January 22, the Media ETF's net value has risen 57.66% in the past year, ranking 680th among 3,467 index equity funds, placing it in the top 19.61%. In terms of profitability, as of January 22, 2026, since its establishment, the ETF's highest monthly return was 26.55%, the longest consecutive monthly gain period was 6 months with a cumulative increase of 87.46%, the average return in rising months was 6.34%, and the annual profit percentage was 62.50%. As of January 22, 2026, the ETF's excess benchmark annualized return over the past 6 months was 1.97%, ranking 1st among 2 comparable funds.

As of January 16, 2026, the Sharpe ratio of the Media ETF over the past year was 1.96.

In terms of drawdown, as of January 22, 2026, the maximum drawdown of the Media ETF since the start of this year was 9.97%, with a relative benchmark drawdown of 0.12%, the smallest among comparable funds.

Regarding fees, the ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%, the lowest among comparable funds.

In terms of tracking accuracy, as of January 22, 2026, the tracking error of the Media ETF over the past 3 months was 0.019%, the highest tracking accuracy among comparable funds.

The Media ETF closely tracks the CSI Media Index, which selects 50 large-cap listed company securities from industries such as marketing and advertising, cultural entertainment, and digital media as index samples to reflect the overall performance of representative listed company securities in the media sector.

Data shows that as of December 31, 2025, the top 10 constituent stocks of the CSI Media Index (399971) were Focus Media Information Technology Co., Ltd., Giant Network Group Co., Ltd., BlueFocus Intelligent Communications Group Co., Ltd., Yanshan Technology, Leo Group Co., Ltd., Kaiying Network Co., Ltd., Kunlun Wanwei Co., Ltd., 37 Interactive Entertainment Network Technology Group Co., Ltd., Enlight Media Co., Ltd., and Ultrapower Software Co., Ltd., accounting for a total of 51.52% of the index weight. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

SCS stated that it expects leading media companies to benefit from the concentrated release of AI industrial capacity during 2025-2027, achieving a substantial leap in profitability and continuous improvement in cash flow. The sector's investment attributes of "low valuation + high growth" are prominent.

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