Institution: Chip ETF (512760) Rises 1.28% Intraday Amid Recovering Demand and Beyond-Expectation Localization Opportunities

NewTimeSpace News: As of 13:26 on January 27, 2026, the China Securities Services Semiconductor Chip Industry Index (990001) surged 1.42%. Among its constituent stocks, CoreLink Integration rose 7.75%, Sunsea Communication climbed 6.15%, Beijing Ingenic Technology advanced 5.45%, while Angstron Materials, Komar Technology and other individual stocks followed the upward trend. The Chip ETF (512760) rose 1.28% to a latest price of RMB1.9. Over a longer period, as of January 26, 2026, the Chip ETF has accumulated a 0.65% increase in the past week. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

In terms of liquidity, the intraday turnover rate of the Chip ETF was 3.11%, with a turnover of RMB319 million. Over the longer term, as of January 26, the average daily turnover of the Chip ETF in the past week was RMB424 million.

In terms of scale, the latest scale of the Chip ETF reached RMB10.202 billion. (Data source: Wind)

Regarding capital inflows, the Chip ETF has achieved consecutive net inflows over the past 3 days, with a maximum single-day net inflow of RMB127 million, accumulating a total of RMB272 million in "capital absorption" and an average daily net inflow of RMB90.5472 million. (Data source: Wind)

Data shows that leveraged funds are continuing to increase positions. The net financing purchase amount of the Chip ETF on the previous trading day reached RMB1.4045 million, and the latest financing balance stood at RMB170 million. (Data source: Wind)

As of January 26, the net value of the Chip ETF has risen 146.77% over the past 2 years, ranking 94th among 2,531 index equity funds, placing it in the top 3.71%. In terms of profitability, as of January 26, 2026, since its establishment, the Chip ETF has achieved a maximum monthly return of 29.06%, the longest consecutive rising period of 10 months with a cumulative increase of 116.02%, a ratio of rising to falling months of 45/34, an average yield of 8.78% in rising months, and an annual profit percentage of 66.67%. As of January 26, 2026, the annualized return of the Chip ETF exceeding the benchmark since its establishment was 0.32%.

As of January 23, 2026, the Sharpe ratio of the Chip ETF over the past year was 1.74.

In terms of drawdown, as of January 26, 2026, the maximum drawdown of the Chip ETF since the beginning of this year was 3.45%, with a relative benchmark drawdown of 0.05%. The number of recovery days after the drawdown was 3 days.

In terms of fees, the management fee rate of the Chip ETF is 0.50%, and the custodian fee rate is 0.10%.

In terms of tracking accuracy, as of January 26, 2026, the tracking error of the Chip ETF since the beginning of this year was 0.006%.

The Chip ETF closely tracks the China Securities Services Semiconductor Chip Industry Index, which is a securities price index designed to track the overall performance of listed companies in the semiconductor chip industry in the Shanghai and Shenzhen markets. The business scope of relevant companies covers semiconductor chip materials, equipment, design, manufacturing, packaging and testing.

Data shows that as of December 31, 2025, the top 10 constituent stocks by weight of the China Securities Services Semiconductor Chip Industry Index (990001) were Cambricon Technologies, SMIC, Hygon Information, NAURA Technology, GigaDevice Semiconductor, Montage Technology, AMEC, OmniVision Group, TOPSCIENCE, and Unigroup Guoxin Microelectronics, with the top 10 constituent stocks accounting for 56.31% of the total weight. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

Donghai Securities stated that the annual growth rate of global server shipments is expected to reach 12.8% in 2026, and the year-on-year growth rate of AI server shipments is expected to exceed 28%, driving up the prices of related chips such as memory and CPUs. Currently, the demand in the electronics industry is continuing to recover, the supply has been effectively cleared, the prices of memory chips are rising, and the intensity of localization in China has exceeded expectations.

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