As of 10:50 on April 2, 2025, the SSE Science and Technology Innovation Board 200 Index (000699) rose 1.15%, the constituent stocks Haichuang Pharmaceutical (688302) rose 15.00%, Nanya New Materials (688519) rose 7.09%, PIA Intelligent (688306) rose 6.74%, Olin Biotechnology (688319), Kain Technology (688687) and other stocks followed suit. The Kechuang 200 ETF Index (588240) rose 1.01%, and the intraday turnover has reached 13.1283 million yuan, leading the same category, with a turnover rate of 12.18%, and the market is actively trading.

In terms of capital inflow, in the long run, the Kechuang 200 ETF index has attracted a total of 17.9638 million yuan in the past 10 trading days.

From the perspective of valuation, the latest price-to-earnings ratio (PE-TTM) of the SSE Science and Technology Innovation Board 200 Index tracked by the STAR Market 200 ETF Index is only 161.6 times, which is at the quantile of 7.83% in the past 1 year, that is, the valuation is lower than 92.17% in the past 1 year, which is at a historical low.

According to the data, as of March 31, 2025, the top ten weighted stocks of the SSE Science and Technology Innovation Board 200 Index (000699) are Tiannai Technology (688116), Youkede (688158), Zhengfan Technology (688596), Juchen (688123), Puran (688766), Guoxin Technology (688262), Yifang Biotechnology (688382), XGIMI Technology (688696), Zhongke Lanxun (688332), Juhe Materials (688503), the top ten weighted stocks accounted for 12% together. In terms of total market capitalization, as of March 31, 171 of the 200 constituent stocks had a total market capitalization of less than 10 billion yuan, and the remaining 29 stocks had a total market capitalization of less than 20 billion yuan, which is a standard small-cap stock index.

In terms of performance, as of April 1, the SSE Science and Technology Innovation Board 200 Index has risen by 69.93% since the "924 market" market last year, while the Science and Technology Innovation 50, Science and Technology Innovation 100 and Science and Technology Innovation Composite Index have increased by 59.30%, 58.40% and 57.91% respectively in the same period, demonstrating the elasticity of the index!

Some people in the industry believe that small cap stocks, as an important part of the market, have received extensive attention from investors in recent years, and these companies often have high growth potential and flexibility, and can quickly adapt and seize opportunities in the midst of economic restructuring and market changes. Against the backdrop of China's steady economic development, the performance of small-cap stocks is particularly noteworthy.

Ping An Securities said that since March, China's economy has been generally stable, but the structure is clearly differentiated. The structural differentiation of the market provides more market opportunities for small-cap stocks, especially in industries such as machinery and equipment, electronics, and computers, where the performance of small-cap stocks is particularly prominent.