Institution: Policy Implementation Expected to Drive Auto Market Recovery, Guotai CSI 800 Automobile And Parts ETF(516110) Rises 1.26% Intraday

NewTimeSpace News:As of 13:23 on February 4, 2026, the CSI 800 Auto & Auto Parts Index (H30015) surged 1.19%. Among its constituent stocks, Yinlun Co., Ltd. rose 10.01%, Xingyu Co., Ltd. climbed 6.14%, Fuling Precision Industry advanced 5.87%, while other stocks such as Sentury Tire and Sailun Tire followed suit. TheGuotai CSI 800 Automobile And Parts ETF (516110) rose 1.26% to close at RMB 1.37. Over a longer time frame, as of February 3, 2026, the ETF had achieved a cumulative increase of 5.95% 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, theGuotai CSI 800 Automobile And Parts ETF recorded an intraday turnover rate of 5.57% and a trading volume of RMB 32.7836 million. Looking back, as of February 3, the ETF's average daily trading volume in the past year reached RMB 48.9171 million.

For capital flow, theGuotai CSI 800 Automobile And Parts ETF recorded a latest net capital outflow of RMB 1.3383 million. Over the recent 22 trading days, it has accumulated a total of RMB 25.9050 million in "capital absorption". (Data source: Wind)

Data shows that leveraged capital has been continuously deploying in the ETF. The latest margin purchase amount of theGuotai CSI 800 Automobile And Parts ETF reached RMB 2.8845 million, and the latest margin trading balance stood at RMB 4.4447 million. (Data source: Wind)

As of February 3, theGuotai CSI 800 Automobile And Parts ETF had a NAV increase of 55.07% in the past two years. In terms of profitability, as of February 3, 2026, since its establishment, the ETF has achieved a maximum monthly return of 23.79%, the longest consecutive monthly growth period of 5 months with a cumulative increase of 29.41%, an average monthly return of 7.52% in upward months, an annual profit percentage of 75.00%, and a 69.13% profit probability for a 3-year historical holding period. As of February 3, 2026, the ETF's annualized excess return over the benchmark since its establishment was 2.30%.

As of January 30, 2026, theGuotai CSI 800 Automobile And Parts ETF had a Sharpe ratio of 1.07 over the past two years.

Regarding drawdown, as of February 3, 2026, the ETF's maximum drawdown since the beginning of the year was 9.45%, with a relative benchmark drawdown of 0.02%.

In terms of fees, theGuotai CSI 800 Automobile And Parts ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

For tracking accuracy, as of February 3, 2026, the ETF's tracking error in the past month was 0.008%.

From a valuation perspective, the latest price-earnings ratio (PE-TTM) of the CSI 800 Auto & Auto Parts Index tracked by theGuotai CSI 800 Automobile And Parts ETF is only 22.95 times, at the 7.81% quantile of the past year. This means the valuation is lower than 92.19% of the time in the past year, standing at a historical low level.

TheGuotai CSI 800 Automobile And Parts ETF closely tracks the CSI 800 Auto & Auto Parts Index. This index selects listed company securities from industries corresponding to the auto and auto parts theme within the CSI 800 Index as index samples to reflect the overall performance of listed company securities under this theme.

Data shows that as of January 30, 2026, the top 10 weight stocks of the CSI 800 Auto & Auto Parts Index (H30015) were BYD Company Limited, Fuyao Glass Industry Group Co., Ltd., Seres Group Co., Ltd., SAIC Motor Corporation Limited, Top Group Co., Ltd., Changan Automobile Co., Ltd., Sailun Tire Co., Ltd., Yutong Bus Co., Ltd., Desay SV Automotive Co., Ltd., and Yinlun Co., Ltd., with a combined weight of 62.41%. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

BOCOM International Securities stated that the continuation of the trade-in policy has supported expectations at the beginning of the year. However, due to the reduction in subsidies for models below RMB 150,000, consumer wait-and-see sentiment has intensified, and they tend to wait for the implementation of local subsidy details, leading to the delayed release of some car purchase demand at the beginning of the year. Recently, Shanghai's auto replacement and renewal subsidy details were released. With the implementation of relevant policies in various regions, the auto market is expected to gradually recover.

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