The IPO progress of the two storage giants catalyzed a 2.36% increase in the ChinaAMC Guozheng Semiconductor Chip ETF (159995), with component stock OmniVision Group rising over 5%

On the morning of May 21, the three major A-share indices collectively rose, with the Shanghai Composite Index increasing by 0.65% during the session. The non-bank financial, building materials, and electronics sectors led the gains, while oil and petrochemicals, as well as comprehensive sectors, saw the largest declines. Chip technology stocks strengthened, and as of 9:52, the Chip ETF Huaxia (159995.SZ) surged by 2.36%. Its constituent stocks OmniVision Group rose by 5.36%, Zhongwei Company increased by 5.26%, Shanghai Silicon Industry climbed by 5.25%, Northern Huachuang went up by 5.20%, and Lanqi Technology rose by 4.88%. On May 19, according to the China Securities Regulatory Commission website, Yangtze Memory Technologies Co., Ltd. filed for guidance registration with the Hubei Securities Regulatory Bureau, intending to conduct an initial public offering and listing. As a leading domestic 3D NAND flash IDM company, its listing will significantly enhance the capital strength and market influence of the domestic storage chip industry. On May 17, Changxin Technology updated its IPO prospectus, with profits exceeding expectations. In Q1 2026, revenue reached 50.8 billion yuan, a year-on-year increase of 719%; net profit attributable to the parent company was 24.8 billion yuan, a year-on-year increase of 1688%; and non-recurring profit was 26.3 billion yuan, a year-on-year increase of 1993%. In Q4 2025, Changxin held a 7.7% share of the global DRAM market, ranking first in China and fourth globally. China Merchants Securities stated that the storage industry is expected to continue facing shortages until 2027, and domestic storage manufacturers are likely to accelerate capacity expansion. The production launch will boost equipment demand and market space, with orders and localization rates in the equipment, materials, and components supply chain continuing to rise. Meanwhile, the iteration and upgrade of storage technology will drive the emergence of customized new products, benefiting the CBA and advanced packaging supply chains. Considering the resumption of Changxin Technology's IPO review and the continuous improvement in profits and cash flow, it is recommended to pay attention to opportunities in the storage and upstream supply chain sectors. Data shows that the Chip ETF Huaxia (159995) tracks the Guozheng Chip Index, which includes 30 constituent stocks from leading companies in the A-share chip industry, covering materials, equipment, design, manufacturing, packaging, and testing, including SMIC, Cambricon, Changdian Technology, and Northern Huachuang. Its off-exchange connecting funds are Class A: 008887; Class C: 008888.