The PCB sector is experiencing a powerful recovery. On the evening of July 13, Shengyi Technology Co.,Ltd. disclosed its performance forecast for the first half of 2026. The company anticipates achieving a net profit attributable to shareholders of 3.099 billion to 3.298 billion yuan, representing a year-on-year increase of 117% to 131%. This growth is attributed to increased revenue and gross profit from its copper-clad laminate products.
Regarding fundamentals, among the 50 constituent stocks of the Huabao Electronic ETF (515260) benchmark index, 15 listed companies had disclosed their 2026 interim performance forecasts as of July 13. Of these, 14 constituents are projected to be profitable and show expected growth. Memory chip leader Jiangbolong forecasts a net profit attributable to shareholders of 9.2 billion to 11 billion yuan for the first half of 2026, a staggering increase of 62,204% to 74,394%, currently ranking first. Eight companies, including GigaDevice, Inspur Information, Changchuan Technology, and TCL Technology, anticipate their net profit to potentially double or more.
Looking ahead, Soochow Securities noted that July marks a period of intensive disclosure for interim performance forecasts, with profitability trends becoming a core pricing factor. The AI hardware industry chain, a primary focus of the electronics sector, is identified as one of the key areas for positive performance signals in the 2026 interim reports.
In today's (July 14) market session, the Huabao Electronic ETF (515260), which covers popular areas like PCB Bancorp and semiconductors, saw its intraday gain reach up to 2.23% during the morning session. It is currently up 0.41%. Data shows the ETF attracted inflows for the two previous consecutive trading days, totaling 10.61 million yuan. Over a longer period, it has accumulated net inflows of 279 million yuan in the past 60 trading days.
Among its constituents, leading PCB Bancorp companies notably led the gains. Shengyi Technology Co.,Ltd. hit the daily limit-up, while Avary Holding (Shenzhen) Co., Ltd. and Wus Printed Circuit (Kunshan) Co., Ltd. rose over 7%. Stocks like Dongshan Precision Manufacturing Co., Ltd. and Shengyi Electronics Co., Ltd. followed the upward trend. Semiconductor equipment leader Top Group gained over 5%, and glass substrate concept stock TCL Technology rose more than 4%.
Potential Themes: Price Hikes, AI, and Supply Chain Autonomy
The Huabao Electronic ETF (515260) and its feeder funds track the CSI Electronic 50 Index, heavily weighting the semiconductor and consumer electronics industries. It aggregates popular concepts such as PCB Bancorp, MLCCs, glass substrates, memory chips, and semiconductor equipment. Its top holdings include companies like Luxshare Precision Industry Co., Ltd., Cambricon Technologies Corporation Limited, Foxconn Industrial Internet Co., Ltd., and Semiconductor Manufacturing International Corporation.
Data indicates the ETF's benchmark index is deeply linked to global tech giants. As of the end of June, the combined weight of the Apple, NVIDIA, and Google supply chains was 31.00%, 25.55%, and 18.98% respectively, positioning it to potentially benefit from the industrial expansion and technological innovation of these major companies.
As of the end of June, the Huabao Electronic ETF (515260) had an asset size of 1.109 billion yuan, making it the larger of the two ETFs tracking the same benchmark index in the market.
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Risk Disclosure
The Huabao Electronic ETF passively tracks the CSI Electronic 50 Index. The index's base date is December 31, 2008, and it was launched on July 22, 2009. The composition of the index's constituent stocks is adjusted in accordance with its compilation rules. Its back-tested historical performance is not indicative of its future results. Individual stocks and index constituents mentioned in this article are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings information or trading动向 of any fund managed by the fund manager. The fund manager assesses the risk rating of the Huabao Electronic ETF as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Suitability matching opinions are subject to the sales institution. All information appearing in this article is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice of any kind to readers, and no responsibility is accepted for any direct or indirect losses arising from the use of this content. Fund investment involves risks. The past performance of a fund is not indicative of its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest in funds with caution.