Chip design sector leads the way, Guotai Innovation Chip Design ETF surges over 5% intraday, with continuous net capital inflows

All three major A-share indices closed higher across the board, with the ChiNext Index leading the gains. Guotai’s SciTech Chip Design ETF (589260) rose strongly, jumping by more than 5%, with active liquidity. The ETF tracks the SSE SciTech Board Chip Design Theme Index, focusing on high-quality listed companies whose business within the SciTech Board covers key design areas such as EDA tools, IP cores, processor architectures, AI acceleration chips, RF and analog chips, among other core design links. It serves as a key instrument for positioning domestically produced high-end chips that are independently controllable, as well as for underlying innovation in AI computing power.

Of particular note, the ETF’s size has continued to expand. Total shares increased from 55 million on April 30 to 61 million, representing a growth of 10.88%. Over the past 5 trading days, net fund inflows totaled 8.2599 million yuan, with the latest fund size reaching 83.2333 million yuan. On the previous trading day, the single-day net inflow was 4.0775 million yuan, indicating that capital is actively adding positions to this high-growth track of SciTech chip design.

From a valuation perspective, the SSE SciTech Board Chip Design Theme Index it tracks currently has a PE of 181.62x, placing it in the 20%-80% percentile range over the past year (historical range: 122.89–327.54). Its valuation level is in a reasonable mid-range—neither significantly overvalued nor deeply discounted—offering a margin of safety and upside room for medium- to long-term allocation.

A recent research report from CITIC Securities noted that in Q1 2026, revenue year-over-year growth rates for companies related to AI inference chips, high-speed interface IP, and the RISC-V ecosystem will exceed 45%, validating that domestically designed capabilities are accelerating breakthroughs in high value-added segments. At the same time, R&D investment intensity among SciTech chip design companies has stayed at 28% or above for three consecutive quarters, which is significantly higher than the semiconductor sector’s average across the broader market—indicating ample momentum for technological iteration.

Guotai’s SciTech Chip Design ETF (589260) closely anchors itself to the main battlefield of the nation’s strategic scientific and technological strength. Its constituent stocks are highly concentrated in “hardcore design leaders” with genuine capability to turn orders into execution. With a 20cm intraday limit mechanism for trading within the market, it provides investors with an efficient, transparent, and low-cost one-stop tool to participate in China’s chip design boom.

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