On May 21, the three major indices of A-shares collectively rose, with the ChiNext Index up 0.52%, and the total transaction volume of the two markets reached 2.1 trillion yuan.
The ChiNext ETF GF (159952) closely tracks the ChiNext Index, covering leading companies in optical modules such as Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication, with &#34;Yizhongtian&#34; accounting for over 22%, highlighting the prominence of optical communication.
Optical communication has always been regarded as one of the industries that benefit the most from AI computing power, as each GPU requires high-speed optical modules for connection, forming the &#34;nerve fibers&#34; of the computing power network. The largest user of optical communication, NVIDIA GPUs, invested over $7 billion from March to May to advance the construction of optical chips and fiber optics.
NVIDIA recently released its Q1 fiscal report for FY2027. The data shows that NVIDIA's total revenue for the quarter reached a record $81.6 billion, a year-on-year increase of 85%; the core data center business achieved revenue of $75.2 billion, a year-on-year increase of 92%, accounting for over 90% of total revenue, continuing to set historical records and exceeding analyst expectations. In addition, NVIDIA expects Q2 revenue to be $91 billion (with a fluctuation of 2%, and not including any revenue from data center computing business in China), higher than the average analyst expectation of $87 billion.
NVIDIA's financial report once again verifies the sustained high prosperity of AI computing power infrastructure, while the core beneficiaries of the A-share computing power chain—Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication, the &#34;three swordsmen of optical modules&#34;—also strongly validate that the prosperity transmission from the upstream of the industry chain is accelerating.
CITIC Construction Investment believes that the ChiNext Index will continue its structural strength in the second half of the year, with the core driver shifting from &#34;valuation lifting&#34; to &#34;performance verification.&#34; Although valuations are at a high level, the rapid growth of mainline performances such as AI computing power is quickly digesting the valuations.
The index compilation's &#34;survival of the fittest&#34; mechanism strengthens the advantages of leading companies, and the IPO reserves of the ChiNext continue to expand. On May 19, Leju Intelligent's ChiNext IPO application was accepted, becoming the first company to apply under the fourth set of listing standards for the ChiNext. On May 20, Luozhou Co., Ltd. and Lvkong Transmission submitted their ChiNext IPO registrations, and energy storage BMS supplier Gaote Electronics released its ChiNext IPO prospectus, with the subscription date set for May 29.
Shenwan Hongyuan pointed out that the core of the ChiNext's repeated market performance lies in three points: first, the index compilation rules naturally favor &#34;survival of the fittest,&#34; adjusting positions every six months to timely eliminate underperforming stocks and include emerging growth stocks, combined with free float market capitalization weighting, which automatically enhances the weight of leading companies, forming a positive cycle of &#34;the strong get stronger&#34;; second, the sector positioning aligns with new productive forces, with strong growth certainty under the resonance of policy support and industry trends.
As of the midday break, the ChiNext ETF GF (159952) rose 0.42%, having previously surged over 2%, with a half-day transaction volume exceeding 300 million yuan; constituent stocks such as Dazhu CNC rose 14.85%, Sanhuan Group rose 5.73%, while Kema Technology fell 4.3%, Guanghuan Xinwang fell 3.87%, and Wangsu Technology fell 3.74%
As of the previous trading day, the ChiNext ETF GF (159952) has increased by 7.09% in the past month, 20.06% in the past three months, and 93.52% in the past year, showing outstanding past performance. The latest scale has reached 10.321 billion yuan, with an average daily trading volume of 452 million yuan in the past month, highlighting its advantages in scale and liquidity.
The ChiNext ETF GF (159952) closely tracks the ChiNext Index, with the top ten weighted stocks including CATL, Zhongji Xuchuang, NewEase, Eastmoney, Sungrow Power, Shenghong Technology, Tianfu Communication, Huichuan Technology, Mindray Medical, Wens Foodstuff Group, and EVE Energy. The management fee rate is 0.15%, the custody fee rate is 0.05%, and the comprehensive fee rate is 0.2%, which effectively reduces cost expenditures for investors.
Invest in the ChiNext ETF GF (159952) with one click, off-exchange connection (Class A: 003765; Class C: 003766)

159952

On May 21, the three major A-share indices rose, with the ChiNext ETF GF (159952) increasing by more than 2% during the session. The optical communication industry chain benefited from NVIDIA's strong performance, with expected revenue of USD 91 billion in the second quarter. The IPO reserves on the ChiNext continue to expand, with companies like Leju Intelligent and Luozhou Co., Ltd. applying for listing, demonstrating market confidence in the ChiNext. CITIC Securities believes that the ChiNext will maintain its strength in the second half of the year, with the core driver shifting to performance verification

同壁财经

GF ChiNext Composite ETF

ChiNext

Zhongji Innolight

Eoptolink

NVIDIA

Shenwan Hongyuan

SWHY

TIANYI

CCTC

sinnet

WANGSU

CATL

EASTMONEY

Sungrow Power Supply

Inovance

Mindray

WENS

NVIDIA Corporation

SWHYHK

CATL HK SDR 30to1

The ChiNext IPO reserve continues to expand! The GF ChiNext Composite ETF (159952) once rose over 2% during the session, with a half-day trading volume exceeding 300 million