Hardware stocks related to computing power rebounded sharply on August 4, with circuit board leaders showing significant strength. Suzhou Dongshan Precision Manufacturing Co.,Ltd. (002384) hit its daily trading limit, while Shennan Circuits and Eternal Materials surged over 9%. The Electronics ETF (515260), which covers hot concepts including PCB, semiconductor equipment, and memory chips, saw its intraday gain climb to 3.92%, currently trading 3.66% higher.

The electronics sector is focusing on two key developments: a major regulation revision and an important upcoming conference. First, the revised Regulations on the Protection of Integrated Circuit Layout Designs was officially announced on August 3, taking effect on October 15, 2026. This marks the first systematic revision since the regulation was enacted in 2001, covering expanded protection scope, improved application procedures, increased infringement compensation, and enhanced layout design utilization. Integrated circuit design involves using professional electronic design automation tools to complete the entire process of circuit logic design and layout based on chip functional requirements, representing a critical upstream link determining chip performance, power consumption, and competitiveness. As domestic substitution accelerates alongside upgraded intellectual property protection, the integrated circuit design industry is entering a golden development period.

Second, the 27th International Conference on Electronic Packaging Technology (ICEPT 2026) will be held in Xi'an, China from August 5 to 7. As one of Asia's largest and most influential international events in electronic packaging, the conference will showcase advanced packaging equipment, materials, and testing solutions. With global advanced packaging capacity remaining tight, the domestic packaging and testing industry is experiencing a large-scale expansion wave. Leading companies including JCET Group, Tianshui Huatian Technology, Shenzhen Kaifa Technology, Tongfu Microelectronics, and SJ Semiconductor are expanding advanced packaging capacity, focusing on high-end storage, power semiconductors, and high-performance computing packaging. The industry chain is also enhancing ecosystem collaboration to accelerate the autonomous control of domestic advanced packaging.

Citic Securities noted that AI is driving the global semiconductor industry into a new capital expenditure upcycle, recommending attention to domestic equipment leaders with global competitiveness benefiting from advanced process and packaging expansion, as well as domestic parts companies advancing substitution and breaking through advanced process verification. Industrial Securities stated that global memory sector prosperity is rising, with supply-demand tightness potentially lasting beyond 2027, and domestic memory is experiencing a triple resonance of "demand, technology, and capital," with expansion acceleration inflection points appearing. Soochow Securities emphasized that the wind for domestic computing power chips has risen, platform-based analog leaders are unveiling DrMOS plans, and supply chain localization is progressing steadily.

Price increases, AI, and domestic substitution are expected to be key themes for the electronics sector throughout the year. The Electronics ETF (515260) and its linked funds (Class A: 012550, Class C: 012551) passively track the CSI Electronics 50 Index, focusing on semiconductors, components, and consumer electronics. The index includes hot concepts such as PCB (e.g., Dongshan Precision), memory chips (e.g., Shenzhen Longsys Electronics), semiconductor equipment (e.g., ACMR Shanghai), advanced packaging (e.g., JCET), glass substrates (e.g., BOE Technology), semiconductor silicon wafers (e.g., NSIG), and MLCC (e.g., Chaozhou Three-Circle Group), with heavyweight stocks including GigaDevice Semiconductor, Cambricon Technologies, NAURA Technology, and Luxshare Precision. As of the end of June, the index's deep ties to global tech leaders showed Apple, Nvidia, and Google supply chain weights of 31.00%, 25.55%, and 18.98%, respectively, potentially benefiting from tech giants' industrial expansion and innovation. The Electronics ETF (515260) had a size of 1.109 billion yuan as of June 30, making it the larger of the two ETFs tracking the same underlying index. The ETF does not charge sales service fees, and subscription/redemption agents may charge commissions of up to 0.5%, including fees charged by stock exchanges and registration institutions. On-exchange trading fees are subject to actual charges by securities firms.

Risk Disclosure: The Electronics ETF (515260) passively tracks the CSI Electronics 50 Index, which was established on December 31, 2008, and published on July 22, 2009. Index constituent stocks are adjusted periodically according to the index's compilation rules. Historical backtest performance does not indicate future index performance. Stocks and index constituents mentioned in this article are for display purposes only and do not constitute investment advice or represent the holdings or trading activities of any fund managed by the fund manager. The fund manager assesses the Electronics ETF (515260) as risk level R3-moderate risk, suitable for investors with a balanced risk profile (C3) or above. Suitability matching opinions should be based on the sales institution. Any information in this article (including but not limited to stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors must be responsible for their own investment decisions. Additionally, any views, analyses, or forecasts in this article do not constitute investment advice to readers, and the author is not liable for any direct or indirect losses arising from the use of this content. Fund investment involves risk, and past performance does not guarantee future results. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Fund investment should be made with caution.