--- title: "Penghua CSI 800 Free Cash Flow ETF (516460) rose over 1%, with the cash flow index positioning in \"Chemicals + Energy Storage\" to build an excess moat" type: "News" locale: "en" url: "https://longbridge.com/en/news/278810499.md" description: "Penghua CSI 800 Free Cash Flow ETF (516460) rose 1.31% yesterday, benefiting from the strong performance of the chemical and energy storage sectors. Geopolitical conflicts have led to rising costs of chemical products, while the commercialization of AI has driven demand for energy storage. The CSI 800 Free Cash Flow Index (932368) also increased, with major constituent stocks such as STL and SHENHUO COAL&POWER performing outstandingly. This ETF closely tracks the CSI 800 Free Cash Flow Index, reflecting the overall performance of companies with high cash flow rates" datetime: "2026-03-12T02:49:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278810499.md) - [en](https://longbridge.com/en/news/278810499.md) - [zh-HK](https://longbridge.com/zh-HK/news/278810499.md) --- # Penghua CSI 800 Free Cash Flow ETF (516460) rose over 1%, with the cash flow index positioning in "Chemicals + Energy Storage" to build an excess moat Geopolitical games reshape energy and chemical pricing, while AI commercialization spurs energy storage. The cash flow index opened lower yesterday, explored the bottom, and then rose steadily, with the 800 cash flow index closing up 1.31%. The cash flow index positions itself in the "chemicals + energy storage" sector, building an excess moat: on one hand, global supply chain concerns triggered by geopolitical conflicts accelerate the recovery and price increase expectations of leading chemical companies; on the other hand, the resonance between AI commercial closed-loop and the trend of global energy independence ignites energy storage and green electricity as the physical foundation of AI. Cash flow assets firmly establish themselves as "the ultimate shovel seller of AI," attracting significant capital inflow. Yesterday, the leading industries were mainly concentrated in the chemicals and energy storage sectors. Specifically: 1) Chemicals: Ongoing geopolitical conflicts in the Middle East and the obstruction of navigation in the Strait of Hormuz have pushed up international oil prices, providing support for chemical product costs. Institutions point out that Iran is a major global exporter of sulfur, exacerbating the already tight global supply situation, with the possibility of further increasing the cost of titanium dioxide produced by the sulfuric acid method, reducing the likelihood of price declines. 2) Energy Storage: Contemporary Amperex Technology Co., Limited (CATL) recently delivered results that exceeded market expectations, leading mainstream institutions to collectively raise their target prices. As of March 12, 2026, at 10:26, the CSI 800 Free Cash Flow Index (932368) rose by 0.96%, with component stocks Satellite Chemical rising by 6.12%, SHENHUO COAL&POWER rising by 5.91%, Yun Aluminum rising by 5.56%, China Aluminum rising by 5.37%, and Nanshan Aluminum rising by 4.35%. The cash flow ETF800 Penghua (516460) rose by 1.05%, with the latest price reported at 1.45 yuan. The cash flow ETF800 Penghua closely tracks the CSI 800 Free Cash Flow Index, which selects 50 listed companies with higher free cash flow rates from the CSI 800 Index sample to reflect the overall performance of listed companies with strong cash flow generation capabilities within the CSI 800 Index sample. Data shows that as of February 27, 2026, the top ten weighted stocks in the CSI 800 Free Cash Flow Index (932368) are China National Offshore Oil Corporation, SAIC Motor Corporation, Gree Electric Appliances, COSCO Shipping Holdings, China Aluminum, TCL Technology, Muyuan Foods, Chint Electric, Baosteel, and Great Wall Motors, with the top ten weighted stocks accounting for a total of 55.08%. Cash flow ETF800 Penghua (516460), off-market connection (A: 024655; C: 024656; I: 024657). 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