On May 15th, domestic semiconductor stocks retreated after an initial surge, with most individual stocks undergoing corrections.
The latest first-quarter earnings reports from
Analysis suggests the recent market pullback is related to factors such as the realization of prior expectations, persistently rising oil prices, profit-taking in the technology sector, and diminished expectations for U.S. interest rate cuts following higher-than-expected CPI data. This is viewed as a normal technical correction following a sustained rally, rather than a trend reversal signaling the end of the uptrend. The semiconductor industry's prosperity and earnings growth momentum remain fundamentally supported.
It is worth noting that during this year's market activity, the Sci-Tech Innovation Board chip sector has demonstrated strong upward momentum. The SSE Sci-Tech Innovation Board Chip Index has cumulatively gained 52.64% over the period, performing relatively well among semiconductor chip indices.
Note: The full-year performance of the SSE Sci-Tech Innovation Board Chip Index for the past five complete years is as follows: 2021: +6.87%, 2022: -33.69%, 2023: +7.26%, 2024: +34.52%, 2025: +61.33%. The index constituents are adjusted periodically according to its compilation rules. Its past performance does not guarantee future results.
For investors looking to position for the chip industry's potential "super cycle," high-beta instruments offer a strategic choice. Public information indicates that the
Data source: Shanghai and Shenzhen Stock Exchanges, etc.
ETF Fee-related Information: When subscribing for or redeeming fund units, the subscription/redemption agency may charge a commission of up to 0.5%, which includes relevant fees charged by the stock exchanges and registration institutions. Feeder Fund Fee-related Information: For the Huabao SSE Sci-Tech Innovation Board Chip ETF Feeder Fund Class A, the subscription fee (front-end load) is 1,000 yuan per transaction for subscription amounts of 2 million yuan or more, 0.2% for amounts between 1 million yuan (inclusive) and 2 million yuan, and 0.5% for amounts below 1 million yuan. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days or more. The Huabao SSE Sci-Tech Innovation Board Chip ETF Feeder Fund Class C does not charge a subscription fee. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days or more. A sales service fee of 0.2% applies.
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