Ping An CSI Artificial Intelligence ETF

JPMorgan Chase Increases Stake in Montage Technology by HK$12.02 Million on May 14

iFlytek Subsidiary iFlytek Medical Lists on HKEX, Parent Company 2025 Net Profit Surges 49.82%

Morgan Stanley Cuts Its Holdings in Lianxin Technology by 248,684 Shares

Lanx Technology's Stock Continues to Strengthen with Goldman Sachs Upgrading Target Price

iFLYTEK and China Mobile Jointly Launch 'Xinxi Xinghuo Smart Box'

CLSA Raises Earnings Forecast and Target Price for Lianxin Technology

UBS Raises UMEC's Target Price to HKD 380 and Reiterates Buy Rating

Omnivision Group Reports Revenue and Profit Growth in 2025, CIS Business Continues to Lead

OmniVision Group released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 6.414 B (forecast CNY 6.322 B), actual EPS CNY 0.4 (forecast CNY 0.6189)

Cambricon released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 2.885 B (forecast CNY 1.793 B), actual EPS CNY 1.5973 (forecast CNY 0.7919)

IEIT released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 35.47 B (forecast CNY 39.89 B), actual EPS CNY 0.4119 (forecast CNY 0.4038)

IFLYTEK released FY2025 earnings on April 28 After-Market (BJT), actual revenue CNY 27.11 B (forecast CNY 27.34 B), actual EPS CNY 0.36 (forecast CNY 0.386)

IFLYTEK released FY2025 Q4 earnings on April 28 After-Market BJT, actual revenue CNY 10.12 B (forecast CNY 9.726 B), actual EPS CNY 0.3805 (forecast CNY 0.3449)

IFLYTEK released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 5.274 B (forecast CNY 5.743 B), actual EPS CNY -0.07 (forecast CNY -0.0311)

Montage Technology released FY2026 Q1 earnings on April 27 During-Market (BJT), actual revenue CNY 1.461 B (forecast CNY 1.577 B), actual EPS CNY 0.73 (forecast CNY 0.515)

IEIT to Release FY2026 Q1 Earnings on April 30 After-Market (BJT), Forecast Revenue CNY 39.89 B, EPS CNY 0.4038

Eoptolink released FY2026 Q1 earnings on April 23 During-Market (BJT), actual revenue CNY 8.338 B (forecast CNY 7.931 B), actual EPS CNY 2.79 (forecast CNY 3.0533)

Eoptolink released FY2025 earnings on April 23 After-Market (BJT), actual revenue CNY 24.84 B (forecast CNY 25.06 B), actual EPS CNY 9.57 (forecast CNY 9.8887)

Eoptolink released FY2025 Q4 earnings on April 23 After-Market (BJT), actual revenue CNY 8.337 B (forecast CNY 8.18 B), actual EPS CNY 3.1911 (forecast CNY 3.34)

688008

688256

589520

As of May 20, 2026, the Hwabao WP SSE STAR Artificial Intelligence ETF (589520) is flat, with the latest price at 0.768 yuan and a turnover rate of 3.43%. This ETF closely tracks the STAR AI Index, with major components including Cambricon and Montage Technology. Cambricon has risen over 5%, and the overall performance reflects the active state of the artificial intelligence industry in the STAR Market

同壁财经

Montage Technology

Cambricon

Hwabao WP SSE STAR Artificial Intelligence ETF

Roborock

Amlogic

Geovis

Kingsoft Office

SSE L&M&S Cap relative growth

VeriSilicon

FMSH

Intellifusion

MONTAGE TECH

Historical high! The Hwabao (589520) SSE STAR Artificial Intelligence ETF with the last digits 520 rose 0.91% against the market trend! Semiconductors surged strongly, with Cambricon leading the rise by over 5%

002463

300502

E Fund Strategic Emerging Industries Stock C (010392) has a one-year return of 208.35%, ranking 10/988 among peers, and an excess return of 93.06% over the past three years. As of March 31, 2026, the fund size reached 2.112 billion yuan, with a Sharpe ratio of 5.54, demonstrating excellent performance. The top ten holdings include Eoptolink, WUS, and others. The fund has received five-star ratings from Morningstar and Haitong

Eoptolink

新兴成指

Zhongji Innolight

DSBJ

YOFC

NANYA NEW MATERIAL

HWATSING

SMIC

Morningstar

SMIC HK SDR 5to1

E Fund Strategic Emerging Industries Stock C (010392): Increased by 208.35% in the past year, with excess returns of 93.06% over the past 3 years, a scale exceeding 2.1 billion yuan, high Sharpe ratio, and awarded a five-star rating

300308

HaiFuTong Electronic Media Stock A (006081) has a return of 209.72% over the past year, ranking 6th out of 988 in its category, with an excess return of 66.79%. As of May 19, 2026, the Sharpe ratio reached 5.11, indicating excellent performance. The fund's top ten holdings include Eoptolink, Zhongji Innolight, among others. This fund was established in 2018, and the manager, Wu Hao, has over 10 years of experience and has received a five-star rating

Government Bond Index

YUANJIE SEMICONDUCTOR

Sytech

Skyverse

FORE

Haifutong Electronic Media Stock A (006081): Up 209.72% in the past year, with an excess return of 66.79% over the past year, high Sharpe ratio, and awarded a five-star rating

688012

561980

The Semiconductor Equipment ETF China Merchants (561980) surged 6.06% on May 19, reaching a new high for the 17th time this year. Key stocks such as AMEC and Cambricon performed outstandingly, rising 9.29% and 8.40%, respectively. The fund's size has grown by 37.36% this year to approximately 3.5 billion yuan, influenced by multiple favorable factors including policy support, improved performance of leading companies, and a recovery in downstream demand. The market anticipates that a new round of industrial support policies will be introduced soon

AMEC

China Merchants CSI Semiconductor Industry ETF

CCTech

Piotech

NAURA

HUA HONG SEMI

Hua Hong

CICC

HTSC

Guotai Haitong

GTHT

Huatai Securities Co., Ltd. GDR Class A RegS

The 17th new high of the year! The semiconductor equipment ETF China Merchants (561980) surged 6% to dominate both markets! AMEC rose nearly 10%!

399006

399001

000001

The Shanghai and Shenzhen indices opened higher but fell by 0.4% to 0.9% at midday. The People's Bank of China continues a moderately accommodative monetary policy, with the RMB central parity against the USD set at 6.8426. The Shanghai Composite Index dropped 17 points to 4,208, while the Shenzhen Component Index fell 141 points to 15,757. ZHONGJI INNOLIGHT became the second stock on the ChiNext board to surpass RMB1,000, reaching an intraday high of RMB1,008.44 before closing at RMB994.89, up 5.8%.

AASTOCKS News

ChiNext

Shenzhen Index

SSE Index

ICBC

BYD COMPANY

CATL

MetaX

Moore Threads

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

Shanghai & Shenzhen Indices Open High but Turn Lower; A-share Three Major Indices Slip 0.4% to 0.9% at Midday; ZHONGJI INNOLIGHT  Once Breaks Above RMB1,000

03750

300750

588170

FTXL

Montage Technology has surpassed Contemporary Amperex Technology (CATL) as the most expensive dual-listed stock in Hong Kong, driven by a 17% surge in its shares due to rising demand for AI chips. Montage's shares now trade at a 40% premium over its Shanghai-listed stock. Since its debut in February, its mainland stock has increased by 22%, while H-shares have tripled. Meanwhile, CATL's premium has decreased to 26% following a US$5 billion share sale, marking a shift in market dynamics.

Businesstimes News

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

First Trust Nasdaq Food & Semicon

GIGADEVICE

Montage tops CATL as priciest dual-listed stock after chip rally

01347

688347

512760

588780

159995

512480

CLSA has reiterated its High-Conviction Outperform rating on MONTAGE TECH, citing strong demand for CPUs as a key driver. The report highlights that AMD's positive results and guidance indicate a shift in AI data center infrastructure, expanding the market for server CPUs. GIGADEVICE, SMIC, and HUA HONG SEMI also received Outperform ratings due to rising demand and favorable market conditions in the semiconductor sector. MONTAGE TECH is expected to benefit significantly from this trend, while GIGADEVICE and SMIC are positioned well in the memory and logic segments, respectively.

- CLSA's report reveals that Advanced Micro Devices, Inc. (AMD) exceeded expectations for 1Q26 and offered positive guidance for 2Q26.  
- The report notes a shift in the CPU to GPU ratio for AI data centers from 1:4 (or 1:8) to 1:1, potentially expanding the server CPU market to over USD 120 billion by 2030.  
- Various companies, including MONTAGE TECH and GIGADEVICE, are expected to benefit from strong demand in CPUs and rising memory prices, with the broker maintaining positive ratings for these stocks.

Guotai CSI Semiconductor Material Equipment Theme ETF

Guotai CES Semiconductor Chip Industry ETF

Guotai CSI All Share Integrated Circuit ETF

Direxion Semicon Bull 3X

VanEck Semiconductor ETF

SPDR S&P Semicon

GTJA Allianz SSE STAR Chip Design Thematic ETF

Invesco PHLX Semiconductor ETF

iShares Semiconductor ETF

Invesco Semiconductors ETF

Direxion Daily AMD Bull 2X Shares

ChinaAMC Guozheng Semiconductor Chip ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GraniteShares 2x Long AMD Daily ETF

CLSA Reiterates High-Conviction Outperform on MONTAGE TECH ; GIGADEVICE , SMIC , HUA HONG SEMI  Rated Outperform

159325

China's semiconductor manufacturers are rapidly adopting DeepSeek's V4 large language model, driven by geopolitical tensions. Key players include Huawei, which has adapted V4 for its Ascend 950PR chip, promising significant performance improvements. Other companies like Cambricon, MetaX, Moore Threads, T-Head, Kunlunxin, Hygon, Iluvatar, and Enflame have also achieved compatibility with V4, showcasing a collaborative effort in enhancing AI chip capabilities. This shift highlights the growing importance of domestic hardware in the AI landscape.

SCMP

China Southern CSI Semiconductor Industry Custom ETF

China’s chipmakers rush to embrace DeepSeek’s V4. Which names stand out?

The HSI rose 205 points (0.8%) to 26,104 at midday, driven by strong performances in chip stocks, with SMIC surging over 9%. The market opened up 131 points and peaked at 311 points. The HSCEI and HSTECH also saw gains. Notable increases included CAMBRICON (+13.8%), HUA HONG SEMI (+12.6%), and GIGADEVICE (+17%). However, some AI-related stocks faced declines. Overall, the turnover reached HKD165.873 billion, reflecting positive sentiment in the market amid hopes for a US-Iran agreement.

HSI Gains 205 pts at Half-day as Chip Stocks Lead, SMIC  Surges Over 9%

688795

China's chipmakers are investing a larger share of their revenue into R&D compared to their US counterparts, as highlighted by first-quarter earnings. Moore Threads allocated 50% and MetaX 45% of their revenue to R&D, while US firms like AMD and Intel typically spend 20-30%. Despite higher ratios, Chinese firms lag in absolute spending, with Nvidia leading at $18.5 billion. R&D spending among Chinese firms is increasing, with Moore Threads and MetaX showing significant year-on-year growth. Cambricon, another player, reported a revenue surge of 160% but a decline in R&D ratio to 11.2%.

Intel

NVIDIA

NVIDIA Corporation

China’s chipmakers pour revenue into R&D, outpacing US ratios

Ping An CSI Artificial Intelligence ETF(512930.SH)

Historical high! The Hwabao (589520) SSE STAR Artificial Intelligence ETF with the last digits 520 rose 0.91% against the market trend! Semiconductors surged strongly, with Cambricon leading the rise by over 5%

E Fund Strategic Emerging Industries Stock C (010392): Increased by 208.35% in the past year, with excess returns of 93.06% over the past 3 years, a scale exceeding 2.1 billion yuan, high Sharpe ratio, and awarded a five-star rating

Haifutong Electronic Media Stock A (006081): Up 209.72% in the past year, with an excess return of 66.79% over the past year, high Sharpe ratio, and awarded a five-star rating

The 17th new high of the year! The semiconductor equipment ETF China Merchants (561980) surged 6% to dominate both markets! AMEC rose nearly 10%!

Shanghai & Shenzhen Indices Open High but Turn Lower; A-share Three Major Indices Slip 0.4% to 0.9% at Midday; ZHONGJI INNOLIGHT Once Breaks Above RMB1,000