Today (January 21), the electronics sector led gains in the A-share market. As of writing, the sector attracted over 32 billion yuan in net inflows from main funds, ranking first among the 31 Shenwan primary industries in terms of capital attraction! Constituent stocks of the Electronics ETF (515260) - Hygon Information, Sugon, Tongfu Microelectronics Co.,Ltd., and SMIC - attracted 3.283 billion yuan, 2.190 billion yuan, 2.142 billion yuan, and 2.029 billion yuan respectively, sweeping the top four spots on the A-share capital attraction list.
Regarding popular ETFs, the Electronics ETF (515260), which has a 46% exposure to the Apple supply chain, saw its on-market price surge over 3.4% during the session and is currently up 2.99%, potentially forming a rising step pattern on its daily K-chart.
Among constituent stocks, Loongson Technology Corporation Limited and Tongfu Microelectronics Co.,Ltd. jointly hit the daily limit-up, while Hygon Information surged over 15%. Montage Technology rose more than 9%, with GigaDevice, VeriSilicon Microelectronics, Sugon, and other stocks following with significant gains.
On the news front, Taiwan Semiconductor Manufacturing is actively expanding its advanced packaging capacity to meet demand for 2-nanometer chips for products like the Apple iPhone 18 and foldable devices. Technologically, this involves an upgrade from the InFO architecture to the WMCM architecture, optimizing heat dissipation and AI performance. Analysis suggests that expansion plans, including the AP7 plant, are expected to boost WMCM monthly capacity to over 120,000 wafers by 2027, driving a synchronous transformation in the testing supply chain.
Data shows that as of the end of 2025, the Apple industrial chain accounted for 46.31% of the weight in the target index of the Electronics ETF (515260). In 2026, Apple is expected to launch new products such as foldable screen phones and continue exploring innovative products like smart glasses and lightweight headsets. The implementation of foldable screens and AI features is expected to drive demand for high-end components, potentially leading to a recovery in orders and profit margins for leading companies in the Apple supply chain, indicating a structurally upward trend.
Notably, amidst the explosive growth in global AI computing demand, the memory chip market is experiencing its strongest rally, with reports of memory chip prices increasing eighteen-fold within a year. Guojin Securities points out that driven by robust AI demand, memory chip prices surged significantly in 2025, with DDR4 16Gb prices soaring up to 1800%, DDR5 16Gb up to 500%, and 512Gb NAND flash up to 300%.
Looking ahead to 2026, CITIC Securities indicates that the industry trend of synergies between technological self-sufficiency and AI is expected to further intensify. "Self-sufficiency and AI computing power" are likely to be strong,贯穿全年的 themes for the electronics industry. For self-sufficiency, focus is on the accelerated deployment trends of domestic computing power and semiconductor equipment; for the AI computing power direction, PCBs and memory exhibit high certainty in their positive outlook. Additionally, consumer electronics, as a secondary theme, may face significant turning point opportunities, with a potential景气 reversal opportunity anticipated in the second quarter of 2026.
For investment vehicles, the Electronics ETF (515260) and its linked funds (Class A: 012550 / Class C: 012551) passively track the SSE Electronic Component 50 Index, heavily weighting the semiconductor and consumer electronics industries. They aggregate exposure to hot sectors like AI chips, automotive electronics, 5G, and printed circuit boards (PCBs), with top holdings including Luxshare Precision, Cambricon, Foxconn Industrial Internet, and SMIC. Furthermore, this ETF is eligible for margin trading and the Shanghai-Hong Kong Stock Connect program, serving as an efficient tool for a one-click allocation to core assets in the electronics sector.
ETF fee explanation: The subscription and redemption agencies for the Electronics ETF may charge a commission of up to 0.5%; on-market trading fees are subject to the rates charged by the securities company. The Electronics ETF Linked Fund Class C does not charge a subscription fee; the redemption fee is 1.5% within 7 days, and 0% for 7 days (inclusive) or more; the sales service fee is 0.2%. For the Electronics ETF Linked Fund Class A, the subscription fee is 1% for amounts below 1 million yuan, 0.6% for 1 million (inclusive) to 2 million yuan, and 1,000 yuan per transaction for 2 million yuan (inclusive) or above; the redemption fee is 1.5% within 7 days, 0% for 30 days (inclusive) or more, and 0.1% for 7 days (inclusive) to 30 days; no sales service fee is charged. Risk warning: The Electronics ETF and its linked funds passively track the SSE Electronic Component 50 Index. The base date for this index is December 31, 2008, and it was published on July 22, 2009. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its historical backtested performance does not indicate future index performance. The individual stocks and index constituents mentioned in this article are for illustrative purposes only; descriptions of individual stocks are not intended as investment advice of any form, nor do they represent the holdings information or trading动向 of any fund managed by the management company. The fund manager assesses the risk rating of the Electronics ETF as R3-Medium Risk, suitable for investors with a balanced (C3) or higher risk profile; the appropriateness matching opinion is subject to the selling institution. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any kind to the reader, nor shall they be held liable for any direct or indirect losses arising from the use of this content. Fund investment carries risks; the past performance of a fund does not indicate its future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest in funds cautiously.
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Editor: Yang Ci
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