The electronics sector is riding a wave of earnings “good news”! Explosive growth in AI computing power demand + continuous price increases in storage chips, Huabao Fund Electronics ETF (515260) defies the market to rise 1.14%.

On Friday (April 3), more than 6 billion yuan in “main force” capital flowed into the electronics sector. The sector’s inflow amount ranked 2nd among 31 Shenwan primary industries. The electronics ETF Huabao (515260), which concentrates on core electronics leaders, saw its intraday gain briefly reach as much as 1.14% against the trend, and ultimately closed up 0.16%. Notably, this ETF frequently trades at a premium range in the secondary market, indicating that buy-side capital is even stronger. In fact, yesterday the ETF also pulled in 1.23 million yuan in a single day.

As for component stocks, semiconductor leader Zhuozhi Micro led the gains with over 5%, while Cambricon and Canaan Semiconductor rose by more than 2%; PCB (printed circuit board) leader Dongshan Precision rose by over 4%, and Shenghong Technology rose by more than 2%; consumer electronics leaders Huqin Technology and Lens Technology both rose by more than 1% together.

On the news front, the Electronic Information Department of the Ministry of Industry and Information Technology conducted a special symposium and research with Zhongxing Communications and Xiaomi Group for the “15th Five-Year Plan (2026–2030)” for electronic information manufacturing. Relevant company executives said that the “15th Five-Year” period is a critical window for the transformation and upgrading of the electronic information manufacturing industry. A new round of technological revolution centered on AI will deeply reshape the industrial ecosystem, driving the accelerated rise of emerging areas such as AI terminals, computing power infrastructure, and intelligent connected vehicles.

On fundamentals, the electronics sector is welcoming a “good news” wave of earnings. As of April 2, 24 companies have released their 2025 annual reports. Of those, 23 listed companies are profitable, and 21 companies’ attributable net profits saw double-digit year-on-year growth. Cambricon, Shenghong Technology, and TCL Technology saw attributable net profits soar by 555.24%, 273.52%, and 188.78% year-on-year, respectively.

Guojin Securities said that the current electronics industry benefits from the breakout in AI computing power demand. The key driving factors are that global technology giants’ capital expenditures exceed expectations, the prices of memory chips continue to rise, and domestic substitution of semiconductor materials accelerates. It suggests focusing on directions where Q1 performance is expected to exceed expectations, such as AI computing power hardware, memory chips and modules, and passive components. *

【Embrace technology giants and seize the development opportunity】

The Huabao Electronics ETF (515260) and its index-tracking fund (A share: 012550 / C share: 012551) passively track the CSI Electronics 50 Index. It heavily allocates to semiconductors and consumer electronics, concentrating on hot industries such as AI chips, automotive electronics, 5G, and printed circuit boards (PCBs). Its weight stocks include Luxshare Precision, Cambricon, Foxconn Industrial Internet, Semiconductor Manufacturing International Corporation, and other companies. At the same time, this ETF is a financing and margin trading + interconnection instrument, making it an efficient tool for one-click allocation to core electronics assets.

The underlying index of the Huabao Electronics ETF (515260) covers popular technology concept themes. As of the end of March, the industry-chain weights for Apple, NVIDIA, and Google were 47.21%, 29.85%, and 24.35%, respectively. It is deeply tied to the growth dividend of global technology leaders, and is expected to benefit from technology giants’ industry expansion and technological innovation.

*Institutional view reference source: Guojin Securities’ “Electronics Industry Weekly Report (March 29)” focusing on directions where Q1 performance is expected to exceed expectations.

Note: The prior exchange-traded shorthand for the Huabao Electronics ETF (515260) was the “Electronics ETF.”

Risk warning: The Huabao Electronics ETF passively tracks the CSI Electronics 50 Index. The index base date is 2008.12.31, and it was released on 2009.7.22. The index constituent stock composition is adjusted from time to time according to the index compilation rules. Its backtested historical performance does not indicate the index’s future performance. The individual stocks and index constituents mentioned in this article are only for display. Descriptions of individual stocks do not constitute investment advice of any kind, nor do they represent the holdings information and trading moves of any fund under the manager. The fund manager’s assessment of the risk level of the electronics ETF is R3—medium risk. It is suitable for investors in balanced (C3) and above. For suitability matching opinions, please refer to the sales institution. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of statements) is for reference only. Investors are responsible for any investment actions they make independently. Also, any opinions, analyses, and forecasts in this article do not constitute investment advice of any form to readers, and no liability is assumed for any direct or indirect losses arising from the use of the contents of this article. Investing in funds involves risk. Past fund performance does not represent future performance. The performance of other funds managed by the fund manager does not guarantee fund performance. Investors must be cautious.

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Responsible editor: Yang Hongbo