Luxshare Precision tops the A-share cash flow chart! Over 13 billion in main funds pouring into the electronics sector! Huabao Fund Electronic ETF (515260) surges 4.16% strongly.

On March 25, more than 13 billion yuan in net inflows from main trading funds poured into the electronics sector. The electronics ETF Huabao (515260), weighted with Apple industry-chain exposure of over 46%, surged strongly. Early in the session, it once climbed as high as 4.16%, and is now up 2.08%, striking the two-day streak of gains on a daily basis!

As for constituent stocks, the leader of the iPhone supply chain, Luxshare Precision, led the gain with an increase of more than 8%. Shengbang Co. rose by more than 6%. Goertek and Blue Sail Technology, as well as NAURA and other stocks, rose by more than 4%. Micro-Channel? (中微公司), Goertek? (歌尔股份), Shenzhen Inovance? (深南电路), and Hon Hai Precision Industry (工业富联) also followed with gains.

On the fund flows side, as of the time of this release, the electronics sector saw a net inflow from main trading funds of more than 13 billion yuan. The amount absorbed by the sector ranked first among 31 Shenwan primary industries! Luxshare Precision received a net inflow from main trading funds of more than 3.7 billion yuan, topping the A-share capital-absorption leaderboard!

On fundamentals, the iPhone supply-chain leader delivered impressive results! In its earnings outlook, Luxshare Precision disclosed that it expects 2025 to achieve attributable net profit of 16.52B yuan to 17.19B yuan, representing a year-on-year increase of 23.59% to 28.59%. In its earnings outlook, Hon Hai Precision Industry disclosed that it expects 2025 to achieve attributable net profit of 35.1 billion yuan to 35.7 billion yuan, an increase of 11.9 billion yuan to 12.5 billion yuan year-on-year, with growth of 51% to 54%.

On the news front, on March 24, Apple officially announced that its 2026 Worldwide Developers Conference will be held from June 8 to 12 local time. Worth noting is that Apple’s iPhone sales in China have increased strongly by 23% in the first nine weeks, against the trend, and Apple is also about to launch a foldable iPhone. Aijian Securities believes that iPhone’s premium positioning and massive sales volume are expected to help drive the entire Apple industry chain into a high-speed development inflection point.

Looking ahead for the electronics sector, CITIC Securities pointed out that whether it is event-driven catalysts or signals from the price/volume level, the two major narrative themes—price increases and AI—still remain within the safe zone. From an allocation perspective, AI exposure + supply constraints = a price-increase expectation. It is expected that the market driven by price increases will continue through March, and narrative-driven momentum, price-increase catalysts, or both may still be the main storyline.

【Embrace tech giants and seize the lead in development】

The Huabao Electronics ETF (515260) and its feeder fund(s) (Class A: 012550/Class C: 012551) passively track the SSE Electronics 50 Index, with heavy positions in semiconductors and consumer electronics industries. It gathers popular industry themes such as AI chips, automotive electronics, 5G, and printed circuit boards (PCB), etc. Its weight-bearing stocks include Luxshare Precision, Cambricon, Hon Hai Precision Industry, Semiconductor Manufacturing International Corporation (SMIC), and other companies. At the same time, the ETF is a margin financing/margin trading (融资融券) + Stock Connect/Link (互联互通) eligible product, making it an efficient tool for one-click allocation to core assets in the electronics sector.

The Huabao Electronics ETF (515260) benchmark index covers popular tech concepts. As of the end of February, the weights of the Apple, Nvidia, and Google industry chains were 46.56%, 29.30%, and 23.27%, respectively. It is deeply tied to the growth dividend of global tech leaders, and is expected to benefit from industry expansion and technological innovation by major tech firms.

Note: The previous on-exchange abbreviation of the Huabao Electronics ETF (515260) was Electronics ETF.

Risk warning: The Huabao Electronics ETF passively tracks the CSI Electronics 50 Index. The base date of this index is 2008.12.31, and it was published on 2009.7.22. The composition of index constituents is adjusted from time to time in accordance with the index compilation rules. Its historical backtested performance does not predict the index’s future performance. The individual stocks and index constituents mentioned in this article are only for demonstration; the descriptions of individual stocks do not constitute any form of investment advice, nor do they represent information about holdings or trading activities of any fund under the manager’s management. The fund manager assesses the risk level of the Huabao Electronics ETF as R3—medium risk. It is suitable for balanced investors (C3) and above. For details on suitability matching opinions, please refer to the sales organizations. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of statements) is for reference only. Investors must take responsibility for any investment actions they decide on independently. In addition, any views, analyses, and forecasts in this article do not constitute any form of investment advice to readers, nor does the manager bear responsibility for any direct or indirect losses arising from the use of this article’s content. Investing in funds involves risk. Past performance of a fund does not guarantee its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of the fund’s performance. Investors should be cautious.

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