As of 10:29 on April 9, 2025, the SSE Science and Technology Innovation Board Composite Index (000680) rose 3.59%, the constituent stocks Innosilicon (688582) rose 16.21%, Guoke Military Industry (688543) rose 15.85%, Tongyizhong (688722) rose 15.82%, and stocks such as China UAV (688297) and Changyingtong (688143) followed suit.

The Science and Technology Innovation Composite Index ETF Penghua (589680) rose strongly by 3.66%. In terms of scale, the latest scale of Penghua Science and Technology Innovation Composite Index ETF reached 1.381 billion yuan, ranking first among ETFs tracking the same underlying index in the whole market. In the past four trading days, a total of 52.5595 million yuan was absorbed, with an average daily net inflow of 13.1399 million yuan.

On the evening of April 8, about 15 companies such as Obi Zhongguang and Roborock released their repurchase progress or plans in the science and technology innovation board companies. Among them, Focuslight Technology and others plan to carry out repurchases with cancelled equity incentives; SolaX Energy, Daotong Technology, Guangfeng Technology and other actual controllers said that they would repurchase or increase their holdings of their own shares through centralized bidding. Since the beginning of the year, nearly 50 companies on the Science and Technology Innovation Board, such as Debang Technology, Tesson Medical, and Wright Optoelectronics, have disclosed repurchase plans or progress announcements, with a maximum repurchase amount of about 3.5 billion yuan.

Professionals said that in the past few days, A-shares have shown a trend of a significant increase in the proportion of "market value management" repurchases. On the one hand, in the face of large market fluctuations, policies guide the market to pay attention to investor protection, and listed companies respond positively; On the other hand, at this stage, the overall valuation of the stock market is low, and listed companies have released positive expectations for the sake of maintaining their own stock prices.

Western Securities believes that since September 24, 2024, behind the rise in technology is the change in the trend of the AI industry. Looking back at the market brought by the typical industrial cycle in history, the time or space of the current deduction has not yet reached the extreme, and it is expected that technology still has room to rise, or become the main line of the whole year.

The STAR Composite Index ETF Penghua (589680) has a management fee of 0.15%/year + custody fee of 0.05%/year, which is currently in the lowest tier among the ETF products tracking the STAR Composite Index. Investors who do not have an on-exchange account can also make a layout through Penghua SSE Science and Technology Innovation Composite ETF Connect (A/C: 023757/023758).

According to the data, as of March 31, 2025, the top 10 weighted stocks of the SSE Science and Technology Innovation Board Composite Index (000680) are Haiguang Information (688041), Cambrian (688256), SMIC (688981), Kingsoft Office (688111), China Micro Corporation (688012), Transsion Holdings (688036), United Imaging Medical (688271), Baili Tianheng (688506), Montage Technology (688008), JinkoSolar (688223), the top 10 weighted stocks accounted for 22.34% of the total.