The ChiNext Index breaks through short-term fluctuations, maintaining confidence in medium- and long-term growth

In recent days, the ChiNext Index initially pushed to new highs in the reset phase; then, driven by fluctuations in market sentiment, it quickly pulled back. Relying on high–growth, high–industry–momentum sectors, it strongly rebounded and, amid consolidation, demonstrated solid resilience. Short-term volatility has not changed the medium-term uptrend.

[Dual-engine drive from optical modules + energy storage, with clear and solid medium-to-long-term logic]: The direction of the Iran–Iraq conflict is still unclear, and short-term sentiment disruptions have been relatively significant. However, under the pull of high–growth sectors, the ChiNext Index is tightly aligned with the medium-to-long-term growth mainline.

Energy security and “compute-power plus electrification coordination” reshape the value of power assets: The Middle East conflict has made countries prioritize energy security like never before, and the new energy industry chain has entered a strategic re-rating. With government subsidy policies across countries, the energy storage sector has delivered outstanding profitability. Coupled with a surge in overseas installation demand, the industry has continued to maintain a high level of prosperity.

AI computing power boom drives demand for optical communications: Against the backdrop of a global surge in AI computing demand and accelerated construction of domestic compute network infrastructure, the optical module sector has continued to benefit. With the recent consecutive convening of the OFC conference and NVIDIA’s GTC conference, expectations for the expansion of AI computing power have been further reinforced. Shipments of 800G/1.6T optical modules are expected to grow rapidly.

Recommended to pay attention to:

ChiNext ETF by E Fund (159915): Covers major listed companies in the optical module and energy storage sectors. It is the ChiNext ETF with the largest market scale, best liquidity, and the lowest management fee rate in the domestic market. The latest size is 520.34 billion yuan, and the management fee rate is only 15BP.