As of 11:25 on April 15, 2025, the SSE Science and Technology Innovation Board Artificial Intelligence Index (950180) fell by 1.61%. In terms of constituents, Espressif Technology (688018) led by 0.34%, TZTEK Technology (688003) rose 0.29%, and Hengxuan Technology (688608) rose 0.03%. Fudan Microelectronics (688385) led the decline by 4.45%, Anlu Technology (688107) fell 4.37%, and Arcsoft Technology (688088) fell 3.91%. Kechuang AIETF (588790) fell 1.58%, with the latest price of 0.56 yuan. In the long run, as of April 14, 2025, the science and technology innovation AIETF has risen by 11.57% in the past 1 week.

In terms of liquidity, the AIETF changed hands by 5.12% intraday, with a turnover of 128 million yuan. In the long run, as of April 14, the average turnover of the AIETF in the past one week was 350 million yuan, ranking first among comparable funds.

In terms of scale, the scale of the AIETF has increased by 55.7388 million yuan in the past week, achieving significant growth, and the new scale ranks 2/5 of comparable funds.

In terms of share, the share of the AIETF increased by 2.446 billion in the past 1 month, achieving significant growth, and the new share ranked 1/5 of comparable funds.

In terms of capital inflow, the Science and Technology Innovation AIETF has had a net inflow of funds for 5 days in the past 9 trading days, with a total of 111 million yuan "absorbed", and the average daily net inflow reached 12.3349 million yuan.

The data shows that leveraged funds continue to be deployed. The net purchase amount of financing of the AIETF reached 1.8653 million yuan on the previous trading day, and the latest financing balance reached 1.8653 million yuan.

From the perspective of profitability, as of April 14, 2025, since its establishment, the highest monthly return of the AIETF is 15.59%, the longest consecutive rise is 2 months, the longest consecutive increase is 26.17%, the average return of the rising month is 15.59%, the monthly profit probability is 66.67%, and the historical holding 3-month profit probability is 90.00%.

In terms of drawdown, as of April 14, 2025, the AIETF has retraced 0.36% relative to the benchmark since its establishment.

In terms of fees, the management fee of the AIETF is 0.50%, and the custody fee is 0.10%, which is the lowest among comparable funds.

In terms of tracking accuracy, as of April 14, 2025, the tracking error of the AIETF in the past 1 month is 0.009%, which is the highest tracking accuracy among comparable funds.

The STAR Market AIETF closely tracks the SSE STAR Market Artificial Intelligence Index, which selects 30 listed companies with large market capitalization that provide basic resources, technology and application support for artificial intelligence as index samples from the STAR Market, so as to reflect the overall performance of the securities of listed companies in the representative AI industry in the STAR Market.

According to the data, as of March 31, 2025, the top 10 weighted stocks of the SSE Science and Technology Innovation Board Artificial Intelligence Index (950180) are Montage Technology (688008), VeriSilicon (688521), Kingsoft Office (688111), Roborock (688169), Cambrian (688256), Hengxuan Technology (688608), Jingchen (688099), Espressif Technology (688018), Zhongke Xingtu (688568), Fudan Microelectronics (688385), the top ten weighted stocks accounted for 70.57% of the total.

Despite the many disruptions in the global macro environment, including market concerns that U.S. inflation and a potential recession could dampen corporate AI capital spending, the world's leading cloud computing companies have reaffirmed their investment in the AI field, strengthening confidence in the AI industry: Google CloudNext, CEO Cundar Pichai announced that it will invest about $75 billion in servers and data centers by 2025. In terms of AI in China, Alibaba Cloud AI Potential Energy was held and released the AIAgent Store and the "Flower Plan", which plans to work with ecological partners to serve millions of customers and expand the market of 10 billion yuan in the next three years, and the development of domestic AI applications is expected to accelerate. At the same time, the "2025 Artificial Intelligence Index Report" released by AI scientist Li Feifei shows that the gap between China and the United States AI has narrowed significantly.

Tianfeng Securities believes that with the continuous improvement of China's local AI technology capabilities and the continuous expansion of in-depth cooperation between cloud vendors and ecological partners, China's AI applications are expected to accelerate the penetration and commercialization of AI applications in multiple industries, helping the local AI ecosystem enter an accelerated stage of development. We expect that AI application companies are expected to gradually enter the stage of realizing the incremental performance brought by AI, and we recommend continuing to pay attention to the demand for AI infrastructure and the progress of AI application commercialization.

STAR AIETF (588790), OTC Connect (Bosera SSE STAR Market Artificial Intelligence ETF Initiator Connect A: 023520; Bosera SSE Science and Technology Innovation Board Artificial Intelligence ETF Initiation Connection C: 023521).