Industry ETF Indicator | Guotai Communication ETF's half-day trading volume nearly 1.4 billion yuan, with 4 communication ETFs rising over 3% in half a day

Questions about AI · How is the growth outlook for the optical module market behind the surge in communication ETFs?

Daily Economic News Reporter: Liu Mingtao   
Daily Economic Editor: Ye Feng

Today, overall ETF trading was sluggish, with the Guotai (515880) Communication ETF performing actively, experiencing a large increase in volume, with half-day trading volume reaching 1.35B yuan; in terms of cross-border ETFs, no ETF traded over 3 billion yuan this morning.

Regarding the ETF gainers list, optical modules and optical chips led the communication industry to a large rise today, with four communication-related ETFs gaining over 3% in half a day. Additionally, the Artificial Intelligence and Telecommunications ETFs on the ChiNext board also rose about 2% in half a day.

From an investment logic perspective, Rubin platform adopts a decoupling reasoning architecture, with an optical module ratio of about 1:4.5. The 1.6T modules are expected to ship 8 million to 20 million units in 2026. After the market size of optical modules grows 1.5 to 2 times in 2026, there are still expectations of doubling in 2027; the supply-demand gap for high-end EML expands, with supply extending to after 2027, offering broad space for domestic substitution.

Comment: The Communication ETF (515880) surged 3.61% this morning, with a share of 0 units, and half-day trading volume of 1.352 billion yuan, showing relatively active trading. This ETF tracks the CSI All Share Communication Equipment Index.

The CSI All Share Communication Equipment Index selects stocks from the CSI All Share sample stocks classified by industry method, focusing on the communication equipment sector. The top ten weighted stocks include many 5G concept stocks, with excellent historical performance and high growth potential.

Main weighted stocks of the CSI All Share Communication Equipment Index

Comment: The GF Communication ETF (159507) rose 3.31% this morning, with only 83 million units, tracking the Guozhen Communication Index. Other ETFs tracking this index include the Jiashi Communication ETF (159695).

The Guozhen Communication Index is composed of listed companies involved in the communication industry on the Shanghai and Shenzhen Stock Exchanges, reflecting the trend of communication sector securities prices in China’s securities market and adding new index investment products.

Main weighted stocks of the Guozhen Communication Index

Comment: The Fuguo Communication ETF (159583) gained 3.26% in half a day, with a share of 8B units, and half-day trading volume of 215 million yuan. It tracks the CSI Communication Equipment Theme Index.

The CSI Communication Equipment Theme Index selects 50 listed companies involved in manufacturing communication equipment, providing communication technology services, and building satellite internet, reflecting the overall performance of companies in the communication equipment sector.

Main weighted stocks of the CSI Communication Equipment Theme Index

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