As of 13:55 on February 26, 2024, the Shanghai Science and Technology Board New Materials Index (000689) was up 1.86 per cent, the constituent stock Ou Ko Yi was up 9.37 per cent, China Catalyst was up 8.14 per cent, and Sinovel Precision was up 7.50 per cent. The Co-tron New Materials ETF(588010) rose 2.10 percent, hitting 4 straight gains. The latest price is 0.54 yuan, the intraday turnover has reached 13.9734 million yuan, the turnover rate is 17.4, the market is active.

In terms of scale, the scale of the CRE New Materials ETF has increased by 4.1796 million billion yuan since this month, achieving significant growth, with the new scale ranking 1/2 of comparable funds.

At the valuation level, the latest price-to-earnings ratio (PE-TTM) of the SSE New Materials Index, tracked by the CRE New Materials ETF, is only 34.94 times, at a fraction of 5.76 per cent in the last year, I .e., the valuation is below 94.24 per cent in the last year and at an all-time low.

the new materials ETF closely tracks the new materials index of the Shanghai science and technology board. the new materials index of the Shanghai science and technology board selects 50 listed companies with large market capitalization in the fields of advanced steel, advanced non-ferrous metals, advanced chemicals, advanced inorganic non-metallic materials and key strategic materials as index samples, reflecting the overall performance of listed companies in the new materials industry in the science and technology board market.

Data show that as of January 31, 2024, the top ten heavyweights in Shanghai Kechuang New Materials Index (000689) are Shanghai Silicon Industry (688126), Western Superconductor (688122), Kaiser Biology (688065), Anji Technology (688019), Tianyue Advanced (688234), Rongbai Technology (688005), Tiannai Technology (688116), Jinbo Stock (688598), Jiayuan Technology (688388) and Long Term Lithium Technology (688779), the top ten weighted stocks together accounted for 51.89 per cent.

Founder Securities believes that since 2023, lithium prices continue to decline on the profitability of lithium producers and return on investment pressure, if the follow-up miners to reduce the production situation of frequent, lithium supply side oversupply situation is expected to be accompanied by capacity clearance gradually eased, lithium prices are also expected to bottom out and stabilize. Through the resumption of the 2019-2022 lithium industry in the upward cycle of commodity prices and stock movements between the linkage can be seen, the equity market is mainly trading "expected", lithium plate will often be in the lithium commodity prices bottomed out in advance reaction. It is recommended to pay attention to the traditional non-ferrous sector head enterprises with resource scarcity, or new materials enterprises with technology exclusivity.