NewTimeSpace News:As of 13:48 on March 6, 2026, the CSI Sub-sector Chemical Industry Theme Index (000813) surged 2.15%. Among its constituent stocks, Satellite Chemical rose 10.02%, Luxi Chemical gained 6.83%, Yangnong Chemical advanced 6.08%, and Hualu Hengsheng, Baofeng Energy and other individual stocks followed the upward trend. TheHwabao WP CSI Subdivision Chemical Industry Theme ETF(516020) rose 2.10% to a latest price of RMB 1.02. Over a longer timeframe, as of March 5, 2026, theHwabao WP CSI Subdivision Chemical Industry Theme ETFhad a cumulative increase of 3.83% in the past two weeks. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

In terms of liquidity, theHwabao WP CSI Subdivision Chemical Industry Theme ETFposted an intraday turnover rate of 3.5% with a trading volume of RMB 273 million. As of March 5, its average daily trading volume reached RMB 483 million in the past week, ranking top 2 among comparable funds.

In terms of scale, theHwabao WP CSI Subdivision Chemical Industry Theme ETF’s scale has increased by RMB 7.292 billion in the past year, achieving significant growth, and the newly added scale ranks 3rd among 6 comparable funds. (Data source: Wind)

In terms of shares, theHwabao WP CSI Subdivision Chemical Industry Theme ETF’s shares have increased by 3.862 billion in the past three months with remarkable growth, and the newly added shares rank 3rd among 6 comparable funds. (Data source: Wind)

Data showed that leveraged funds have been continuously building positions in the ETF. The latest margin purchase volume of theHwabao WP CSI Subdivision Chemical Industry Theme ETFreached RMB 9.5516 million, with the latest margin balance at RMB 96.5737 million. (Data source: Wind)

As of March 5, the net asset value (NAV) of theHwabao WP CSI Subdivision Chemical Industry Theme ETFhas risen 66.60% in the past two years. In terms of profitability, as of March 5, 2026, since its establishment, the ETF has achieved a maximum monthly return of 21.66%, a longest streak of ten consecutive monthly gains with a cumulative increase of 75.49% during the period, and an average return of 6.42% in rising months. As of March 5, 2026, the ETF has an annualized excess return of 3.28% over the benchmark since its establishment.

As of February 27, 2026, theHwabao WP CSI Subdivision Chemical Industry Theme ETFhad a Sharpe Ratio of 2.42 in the past year, ranking top 2 among 4 comparable funds, delivering higher returns at the same risk level.

In terms of drawdown, as of March 5, 2026, theHwabao WP CSI Subdivision Chemical Industry Theme ETFhad a maximum drawdown of 7.99% since the start of the year, with a relative benchmark drawdown of 0.13%, representing a relatively low drawdown risk among comparable funds. It only took 22 days to recover from the drawdown, the fastest recovery speed among comparable funds.

In terms of fees, theHwabao WP CSI Subdivision Chemical Industry Theme ETFhas a management fee rate of 0.50% and a custodian fee rate of 0.10%.

In terms of tracking accuracy, as of March 5, 2026, theHwabao WP CSI Subdivision Chemical Industry Theme ETFposted a tracking error of 0.010% in the past month, boasting a relatively high tracking accuracy among comparable funds.

TheHwabao WP CSI Subdivision Chemical Industry Theme ETFclosely tracks the CSI Sub-sector Chemical Industry Theme Index. The CSI Sub-sector Industry Theme Index series consists of 7 indices including the CSI Sub-sector Non-ferrous Metals Index and the CSI Sub-sector Machinery Index. Each index selects listed company securities with relatively large scale and good liquidity from the relevant sub-sectors as its constituent samples, so as to reflect the overall performance of listed company securities in the relevant sub-sectors.

Data showed that as of February 27, 2026, the top 10 weight stocks of the CSI Sub-sector Chemical Industry Theme Index (000813) were Wanhua Chemical, Salt Lake Industry, Zangge Mining, Tinci Materials, Hualu Hengsheng, Yuntianhua, Juhua Group, Hengli Petrochemical, Baofeng Energy and Rongsheng Petrochemical, accounting for a total of 45.18% of the index weight. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

CGS stated that the 2026 Government Work Report proposed to comprehensively use measures such as production capacity regulation, standard guidance, price law enforcement and quality supervision to thoroughly rectify the "involutionary" competition. The continuous policy guidance on "anti-involution" is expected to strengthen the self-discipline of enterprises, break the practical dilemma of the chemical industry where enterprises compensate for price declines with increased output and achieve revenue growth without corresponding profit growth, and help the industry emerge from the profit bottom.

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