NewTimeSpace News:As of 13:30 on February 5, 2026, the CSI Food & Beverage Index (930653) surged 1.15%. Among its constituent stocks, Tianwei Food Co., Ltd. rose 7.47%, Qianhe Condiment & Food Co., Ltd. climbed 6.83%, Hongmian Co., Ltd. advanced 6.67%, while other stocks such as Huanlejia and Haitian Flavoring & Food Co., Ltd. followed suit. TheTianhong CSI Food And Beverage ETF (159736) rose 1.28%, approaching a four-day winning streak, with the latest price at RMB 0.71. Over a longer time frame, as of February 4, 2026, the ETF had achieved a cumulative increase of 4.93% in the past week. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, theTianhong CSI Food And Beverage ETF recorded an intraday turnover rate of 0.57% and a trading volume of RMB 32.1973 million. Looking back, as of February 4, the ETF's average daily trading volume in the past week reached RMB 44.4197 million.

Regarding scale, the latest size of theTianhong CSI Food And Beverage ETF stood at RMB 5.575 billion. (Data source: Wind)

For capital flow, theTianhong CSI Food And Beverage ETF recorded a latest net capital outflow of RMB 5.5893 million. Over the recent 10 trading days, it achieved net capital inflows on 7 days, accumulating a total of RMB 29.2843 million in "capital absorption" and an average daily net inflow of RMB 2.9284 million. (Data source: Wind)

Data shows that leveraged capital has been continuously deploying in the ETF. The latest margin purchase amount of theTianhong CSI Food And Beverage ETF reached RMB 2.6158 million, and the latest margin trading balance stood at RMB 12.3077 million. (Data source: Wind)

As of February 4, theTianhong CSI Food And Beverage ETF had a NAV increase of 5.55% in the past two years. In terms of profitability, as of February 4, 2026, since its establishment, the ETF has achieved a maximum monthly return of 26.10%, the longest consecutive monthly growth period of 4 months with a cumulative increase of 35.39%, and an average monthly return of 5.34% in upward months.

As of February 4, 2026, theTianhong CSI Food And Beverage ETF's annualized excess return over the benchmark in the past two years was 3.06%.

Regarding drawdown, as of February 4, 2026, the ETF's maximum drawdown since the beginning of the year was 5.37%, with a relative benchmark drawdown of 0.02%.

In terms of fees, theTianhong CSI Food And Beverage ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

For tracking accuracy, as of February 4, 2026, the ETF's tracking error in the past month was 0.019%.

Notably, the valuation of the CSI Food & Beverage Index tracked by the fund is at a historical low. The latest price-to-book ratio (PB) is 4.05 times, lower than 87.5% of the time in the past five years, highlighting prominent valuation cost-effectiveness.

TheTianhong CSI Food And Beverage ETF closely tracks the CSI Food & Beverage Index. This index selects listed company securities belonging to the wine, beverage, and food industries as samples to reflect the overall performance of listed companies related to the food and beverage sector.

Data shows that as of January 30, 2026, the top 10 weight stocks of the CSI Food & Beverage Index (930653) were Kweichow Moutai Co., Ltd., Wuliangye Yibin Co., Ltd., Yili Industrial Group Co., Ltd., Luzhou Laojiao Co., Ltd., Shanxi Fen Wine Industry Co., Ltd., Haitian Flavoring & Food Co., Ltd., Dongpeng Beverage (Group) Co., Ltd., Yanghe Co., Ltd., Shuanghui Development Co., Ltd., and Angel Yeast Co., Ltd., with a combined weight of 56.73%. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

Donghai Securities stated that it is optimistic about the bottom recovery opportunities in the catering sector. According to Mashangying, in Q4 2025, the overall performance of various food and beverage categories improved; the sales volume of quick-frozen food increased by 6.5% year-on-year, with a month-on-month improvement. The valuation of catering supply chain-related companies is already at a historical low, with fundamentals bottoming out and improving, and price competition easing. A "good start" is expected in the first quarter, and profit recovery is promising.

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