NewTimeSpace News:As of 13:06 on February 25, 2026, the CSI SWS Non-ferrous Metals Index (000819) surged 4.23%. Among its constituent stocks, Chihong Zinc and Germanium Co., Ltd. rose 10.01%, China Rare Earth Non-Ferrous Metals Co., Ltd. and Yunnan Tin Industry Co., Ltd. both jumped 10.00%, while Northern Rare Earth (Group) High-Tech Co., Ltd., China Tungsten High-Tech Materials Co., Ltd. and other stocks followed the upward trend. The China Southern CSI SWS Non-Ferrous Metal ETF (512400) climbed 4.29% to a latest price of RMB 2.36 per share. Over a longer period, as of February 24, 2026, the ETF had a cumulative increase of 2.96% in the past two weeks. (The stocks listed above are only constituent stocks of the index and do not constitute any investment recommendation.)

In terms of liquidity, the China Southern CSI SWS Non-Ferrous Metal ETF posted an intraday turnover rate of 3.63% with a trading volume of RMB 1.408 billion. Over a longer period, as of February 24, the average daily trading volume of the ETF reached RMB 2.92 billion in the past month.

In terms of scale, the latest size of the China Southern CSI SWS Non-Ferrous Metal ETF hit RMB 37.697 billion. (Data source: Wind)

In terms of capital inflows, the China Southern CSI SWS Non-Ferrous Metal ETF has recorded consecutive net capital inflows over the past 3 days, with a maximum single-day net inflow of RMB 369 million and a total inflow of RMB 489 million, equivalent to a daily average net inflow of RMB 163 million. (Data source: Wind)

Data showed that leveraged funds have continued to build positions in the sector. The China Southern CSI SWS Non-Ferrous Metal ETF saw a net margin purchase of RMB 30.0629 million on the previous trading day, with the latest margin balance standing at RMB 7.07 billion. (Data source: Wind)

As of February 24, the net asset value of the China Southern CSI SWS Non-Ferrous Metal ETF has soared 149.98% in the past two years, ranking 35th out of 2,563 index equity funds and placing it in the top 1.37%. In terms of earnings capacity, as of February 24, 2026, since its establishment, the ETF has achieved a maximum monthly return of 27.29%, a longest streak of monthly gains for 6 months with a cumulative increase of 70.46% during the period, an average monthly return of 8.63% in rising months, an annual profit ratio of 62.50%, and a 66.54% probability of making a profit with a 3-year historical holding period. As of February 24, 2026, the ETF has an annualized excess return of 2.66% over the benchmark in the past year.

In terms of drawdown, as of February 24, 2026, the China Southern CSI SWS Non-Ferrous Metal ETF has a relative benchmark drawdown of 0.19% since the start of the year.

In terms of fees, the China Southern CSI SWS Non-Ferrous Metal ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

In terms of tracking accuracy, as of February 24, 2026, the tracking error of theChina Southern CSI SWS Non-Ferrous Metal ETF was 0.012% in the past two months.

The China Southern CSI SWS Non-Ferrous Metal ETF closely tracks the CSI SWS Non-ferrous Metals Index, which selects 50 securities of listed companies from the SWS non-ferrous metals and non-metallic materials sectors in the Shanghai and Shenzhen stock markets as index samples, so as to reflect the overall performance of listed companies in the non-ferrous metals industry in the Shanghai and Shenzhen markets.

Data showed that as of January 30, 2026, the top 10 weight stocks of the CSI SWS Non-ferrous Metals Index (000819) were Zijin Mining Group Co., Ltd., China Molybdenum Co., Ltd., Northern Rare Earth (Group) High-Tech Co., Ltd., Aluminum Corporation of China Limited, Huayou Cobalt Co., Ltd., China National Gold Group Gold Co., Ltd., Shandong Gold Mining Co., Ltd., Industrial Bank Silver and Tin Co., Ltd., Ganfeng Lithium Co., Ltd. and Chifeng Gold Mining Co., Ltd., accounting for a total of 47.89% of the index weight. (The stocks listed above are only constituent stocks of the index and do not constitute any investment recommendation.)

Huatai Futures stated that Chen Xuesen, Vice President of the China Non-Ferrous Metals Industry Association, recently indicated that the operation of the non-ferrous metals industry will continue the sound momentum at the end of 2025 and maintain a steady performance in the first quarter of 2026, with the industry expected to achieve steady growth for the whole year. Specifically, production will keep running steadily in 2026, with the added value of the non-ferrous metals industry projected to grow by about 5% year-on-year; the industry's operating income and realized profits will maintain growth.

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