Institution: GF CNI New Energy Vehicle Battery ETF(159755) Falls 2.27% Intraday Amid Lithium Carbonate Supply Disruptions and Escalating Capital Divergences

NewTimeSpace News:As of 14:44 on February 2, 2026, the CSI Pengyuan New Energy Vehicle Battery Index (980032) dropped 2.18%. Among its constituent stocks, performance was mixed: Wolong Electric Cable Material Co., Ltd. led the gains with a 1.26% increase, Tianhua New Energy rose 1.20%, and Trina Solar Electric Vehicle Co., Ltd. advanced 0.97%; meanwhile, Sinoma Technology Group Co., Ltd. led the declines with a 6.37% drop, Zhongwei New Materials fell 5.31%, and GEM Co., Ltd. decreased by 5.25%. TheGF CNI New Energy Vehicle Battery ETF (159755) fell 2.27% to close at RMB 1.03. Over a longer time frame, as of January 30, 2026, the ETF had achieved a cumulative increase of 47.15% in the past six months. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, theGF CNI New Energy Vehicle Battery ETF recorded an intraday turnover rate of 3.51% and a trading volume of RMB 459 million. Looking back, as of January 30, the ETF's average daily trading volume in the past month reached RMB 751 million, ranking first among comparable funds.

Regarding scale, the latest size of theGF CNI New Energy Vehicle Battery ETF stood at RMB 13.224 billion, placing it in the top 1/5 of comparable funds. (Data source: Wind)

In terms of share count, the ETF's shares increased by 7.042 billion units in the past six months, achieving significant growth, with the new share count ranking 2nd out of 5 comparable funds. (Data source: Wind)

Data shows that leveraged capital has been continuously deploying in the ETF. The latest margin purchase amount of theGF CNI New Energy Vehicle Battery ETF reached RMB 34.8330 million, and the latest margin trading balance stood at RMB 193 million. (Data source: Wind)

As of January 30, theGF CNI New Energy Vehicle Battery ETF had a net asset value (NAV) increase of 42.75% in the past six months, ranking among the top 2 of comparable funds and placing 542nd out of 4,172 index equity funds (top 12.99%). In terms of profitability, as of January 30, 2026, since its establishment, the ETF has achieved a maximum monthly return of 31.91%, the longest consecutive monthly growth period of 5 months with a cumulative increase of 71.21%, and an average monthly return of 9.78% in upward months. As of January 30, 2026, the ETF's annualized excess return over the benchmark in the past two years was 1.58%.

As of January 30, 2026, theGF CNI New Energy Vehicle Battery ETF had a Sharpe ratio of 1.90 in the past year.

Regarding drawdown, as of January 30, 2026, the ETF's maximum drawdown since the beginning of the year was 5.76%, with a relative benchmark drawdown of 0.03%, the smallest among comparable funds.

In terms of fees, theGF CNI New Energy Vehicle Battery ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%, which are at a relatively low level among comparable funds.

For tracking accuracy, as of January 30, 2026, the ETF's tracking error in the past month was 0.006%, the highest tracking accuracy among comparable funds.

TheGF CNI New Energy Vehicle Battery ETF closely tracks the CSI Pengyuan New Energy Vehicle Battery Index, which reflects the market performance of listed companies in the new energy vehicle battery industry on the Shanghai, Shenzhen, and Beijing Stock Exchanges.

Data shows that as of January 30, 2026, the top 10 weight stocks of the CSI Pengyuan New Energy Vehicle Battery Index (980032) were BYD Company Limited, Contemporary Amperex Technology Co., Limited (CATL), Huayou Cobalt Co., Ltd., Sanhua Intelligent Controls Co., Ltd., EVE Energy Co., Ltd., Ganfeng Lithium Co., Ltd., Lead Intelligent Equipment Co., Ltd., Xiamen Tungsten Industry Co., Ltd., Tianci Materials Co., Ltd., and GEM Co., Ltd., with a combined weight of 67.71%. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

GF Futures stated that the lithium carbonate futures market fluctuated sharply in January. Supply disruptions resurfaced, as environmental issues in Jiangxi and overseas geopolitical tensions triggered market concerns; coupled with the overall strengthening expectations of the non-ferrous metals sector, the central price of the futures market moved upward. Recently, capital divergences have intensified at high prices, and several overseas mines have proposed production resumption expectations, leading to a rapid adjustment and decline in the futures market.

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