As of 09:58 on March 3, 2025, the Shanghai Stock Exchange Science and Technology Innovation Board New Materials Index (000689) rose 2.55%, the constituent stocks Sanfu Xinke (688359) rose 7.20%, Wanrun New Energy (688275) rose 6.80%, Western Superconductor (688122) rose 6.12%, Rongbai Technology (688005), Xiamen Tungsten New Energy (688778) and other stocks followed suit. Kechuang New Materials ETF (588010) rose 2.61%, the latest price was 0.63 yuan, and the intraday turnover has reached 6.3944 million yuan, temporarily ranking 1/2 of comparable ETFs.

Industrial Securities believes that the rapid growth of demand in emerging fields and the nearing end of supply and supply are nearing the end, and the profitability of the industry is expected to improve in the medium term. The silicone industry is currently in the process of digesting the new production capacity in the early stage of the cycle. Looking ahead, the current round of supply is nearing the end of the current round of investment, and the follow-up new production capacity may be relatively limited, and the growth rate of production capacity is expected to decline significantly in 2025; In 2024, the apparent consumption of organic silicon intermediates in China will reach 1.82 million tons, a year-on-year increase of 21%. On the whole, the follow-up production capacity will be gradually digested by the increase in demand with the early launch, and the industry's profitability can be expected to improve. Relevant leading enterprises are expected to fully benefit, and profitability is expected to be quickly restored.

In the long run, as of February 28, 2025, the Science and Technology Innovation Materials ETF has risen by 7.17% in the past two weeks.

In terms of scale, the scale of the Science and Technology Innovation Materials ETF has increased by 236 million yuan in the past six months, achieving significant growth, and the new scale ranks 1/2 of comparable funds.

In terms of shares, the share of Kechuang New Materials ETF has increased by 335 million shares in the past six months, achieving significant growth, and the new share ranks 1/2 of comparable funds.

In terms of absolute return, as of February 28, 2025, since its inception, the highest monthly return of the Science and Technology Innovation Materials ETF is 26.66%, the longest consecutive rise is 3 months, the longest streak is 41.64%, and the average return of the rising month is 8.37%.

In terms of excess returns, as of February 28, 2025, the annualized return of the Science and Technology Innovation Materials ETF has exceeded the benchmark by 0.87% since its inception.

In terms of drawdown, as of February 28, 2025, the largest drawdown of the Science and Technology Innovation Materials ETF this year is 2.47%, which is 0.21% relative to the benchmark.

In terms of fees, the management fee rate of the Science and Technology New Materials ETF is 0.50%, and the custody fee is 0.10%, which is the lowest among comparable funds.

The SSE Science and Technology Innovation Board New Materials Index closely tracks the SSE Science and Technology Innovation Board New Materials Index, which selects 50 securities of listed companies with large market capitalization in the fields of advanced steel, advanced non-ferrous metals, advanced chemicals, advanced inorganic non-metals and other basic materials, as well as key strategic materials from the STAR Market, as index samples, reflecting the overall performance of the securities of listed companies in the representative new materials industry in the STAR Market.

According to the data, as of February 28, 2025, the top ten weighted stocks of the Shanghai Stock Exchange Science and Technology Innovation Board New Material Index (000689) are Shanghai Silicon Industry (688126), Western Superconductor (688122), Tiannai Technology (688116), Anji Technology (688019), Cathay Biotechnology (688065), Rongbai Technology (688005), Tianyue Advanced (688234), Xiamen Tungsten New Energy (688778), Juhe Materials (688503), Guangzhou Iron and Steel Gases (688548), the top ten weighted stocks accounted for 52.17% of the total.