Today (August 21), the energy storage battery sector led market gains, with index constituents of the New Energy Battery ETF Huabao (159071) showing strong performance. Hainan Jinpan Smart Technology Co., Ltd. and Tongfei shares surged over 10%, Shenling Environment rose more than 7%, while Gaolan shares and Feirongda advanced over 5%.

On the news front, Hainan Jinpan Smart Technology Co., Ltd. released its semi-annual results on the evening of August 20, reporting revenue of approximately 3.556 billion yuan for the first half of 2026, up 12.73% year-on-year. Net profit attributable to shareholders of the listed company reached about 303 million yuan, an increase of 14.23%, with basic earnings per share of 0.66 yuan, up 13.79%. The second quarter delivered particularly robust growth, with quarterly revenue of 2.033 billion yuan, up 12.22% year-on-year and 33.50% quarter-on-quarter. Net profit attributable to shareholders hit 190 million yuan, soaring 20.62% year-on-year and 69.21% quarter-on-quarter, marking an all-time high in profitability.

Where to begin with the market drivers? According to Guosen Securities' analysis, three growth catalysts—global grid infrastructure upgrades, new energy and storage integration, and AI computing infrastructure expansion—are collectively fueling demand for power equipment worldwide. The company has seized opportunities in AIDC construction, aggressively expanding into overseas markets while achieving significant order breakthroughs. Huafu Securities research suggests that lithium battery storage demand continues to surge, and they maintain a bullish outlook on AI power infrastructure rebound momentum.

The storage industry is entering what industry insiders call a "standards year" in 2026, with 22 national, industry, and local standards released within just eight months, signaling a transition from rapid expansion to compliance-driven competition. This means rising compliance costs will accelerate the consolidation of smaller players, while leading companies with system-level safety design capabilities and deep involvement in standards development are poised to benefit from increased market concentration.

Why does this matter? Energy storage solves the fundamental mismatch between electricity consumption and generation. With computing power demand skyrocketing and fluctuating, alongside surging but unstable renewable energy output, storage systems that smooth power delivery have become the lifeline of the modern era. The Guozheng New Energy Battery Index, tracked by the New Energy Battery ETF Huabao (159071), allocates over 80% to power equipment companies, covering upstream and downstream segments of the new energy storage battery industry chain. Its top ten weighted holdings include industry leaders such as CATL, EVE Energy, Envicool, and Sungrow Power, collectively accounting for over 60% of the index weight.

Market volatility may remain elevated in the near term, and short-term price movements do not predict future performance. Fund investments carry potential losses. Investors should make rational decisions based on their own capital situation and risk tolerance, with careful attention to position sizing and risk management. Data sources include the Guozheng Index Company and the Shanghai and Shenzhen stock exchanges. Regarding ETF-related fees, subscription and redemption agents may charge commissions at a rate not exceeding 0.3%. On-exchange trading fees are subject to actual charges by securities firms, with no sales service fees collected. Reference institutional views are drawn from Huafu Securities' August 16, 2026 report titled "Power Equipment Industry Weekly: Lithium Battery Storage Demand Surges, AI Power Infrastructure Rebound Continues."

Please note that index constituents are shown for illustrative purposes only, and individual stock descriptions do not constitute investment advice of any form, nor do they represent the holdings or trading activities of any fund under the manager's umbrella. As of July 31, 2026, the index constituents and their weights are as follows: CATL 12.0335%, EVE Energy 10.2755%, Sungrow Power 8.4244%, Megmeet 5.7949%, Deye Technology 5.6685%, Envicool 4.6566%, Kedali 4.5969%, Gotion High-Tech 4.1022%, Sunwoda 3.4209%, Hyperstrong 2.8427%, Great Power 2.8257%, Hainan Jinpan Smart Technology Co., Ltd. 2.0999%, ZIJIN LONGJING 2.0642%, Kehua Data 1.9524%, Canadian Solar 1.9362%, Ginlong Solis 1.7452%, Shenling Environment 1.6215%, Hopewind Electric 1.4346%, Topband 1.432%, GoodWe 1.3884%, Feirongda 1.3079%, Sinexcel 1.1875%, Sinexcel Electric 1.0588%, Pylon Technologies 1.0206%, Lin Yang Energy 0.9722%, Kstar 0.967%, CSG Smart 0.9461%, Aotecar 0.9405%, Eaglerise 0.9025%, Goaland 0.8936%, Mingyang Electric 0.8457%, Clou 0.8435%, Xinfengguang 0.8286%, Xiangxin Technology 0.7211%, Desay Battery 0.7003%, Qingniao Intelligent Control 0.5976%, Xiongtao 0.5438%, Aohai Technology 0.5414%, Xizi Clean Energy 0.5159%, Xingyun 0.5062%, Huazi Technology 0.4801%, Tongfei 0.4506%, Tianneng 0.4174%, Huabao New Energy 0.3065%, Yongfu 0.3044%, Kexin Technology 0.2682%, Zijian Electronics 0.1719%, Guoanda 0.1685%, Tongli Tianqi 0.1392%, Shouhang New Energy 0.1361%.

Risk disclosure: The New Energy Battery ETF Huabao passively tracks the Guozheng New Energy Battery Index, with a base date of December 31, 2014, and a release date of February 16, 2015. The index's annual returns for 2021-2025 were 58.83%, -14.83%, -33.42%, 8.81%, and 55.15%, respectively, with annual volatility of 4.19%, 6.21%, 3.17%, 4.83%, and 4.27% over the same period. Index constituent composition adjusts according to the index compilation rules, and backtested historical performance does not predict future index behavior. The fund is issued and managed by Huabao Fund, and distribution institutions do not assume responsibility for product investment or redemption obligations. Investors should carefully read fund legal documents including the Fund Contract, Prospectus, and Fund Product Information Summary to understand the fund's risk-return characteristics and select products matching their own risk tolerance. The fund manager assesses this fund's risk level as R3-medium risk, suitable for balanced (C3) and above investors, with suitability matching opinions subject to sales institution confirmation. Sales institutions (including the fund manager's direct sales channels and other distributors) conduct risk evaluations according to relevant laws and regulations. Investors should promptly review suitability opinions issued by sales institutions and use their matching results as the basis, noting that suitability opinions may vary across institutions, and risk level ratings from fund sales institutions must not be lower than the fund manager's risk level assessment. Differences exist between the fund contract's risk-return characteristics and risk level due to different considerations. Investors should understand the fund's risk-return profile, carefully select fund products based on their investment objectives, duration, experience, and risk tolerance, and bear risks themselves. CSRC registration of the fund does not constitute a substantive judgment or guarantee of its investment value, market prospects, or returns. Past fund performance and net value levels do not predict future performance, and performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Funds carry risks; invest with caution!