As of 10:30 on April 18, 2025, the SSE STAR Market Artificial Intelligence Index (950180) fell by 1.13%. In terms of constituent stocks, Neoway Technology (688159) led by 1.19%, Optimway (688686) rose 1.13%, and Taotong Technology (688208) rose 1.03%; VeriSilicon (688521) led the decline by 3.82%, Anlu Technology (688107) fell 2.94%, and Fudan Microelectronics (688385) fell 2.18%. Kechuang AIETF (588790) fell 1.06%, with the latest price of 0.56 yuan, trading at a premium during the session.

In terms of liquidity, the AIETF changed hands by 2.6% intraday, with a turnover of 63.748 million yuan. In the long run, as of April 17, the average daily turnover of the AIETF in the past one year was 298 million yuan, ranking first among comparable funds.

On April 17, OpenAI released the latest o3 and o4-mini in the o series models, and Volcano Engine released new products such as the Doubao 1.5 Deep Thinking model.

Ping An Securities believes that the new models released recently, including OpenAI and Doubao, are based on the previous thinking chain CoT, and more reflect the importance of the model's native agent ability (that is, tool use) and multimodal reasoning ability. The competition in the field of global large models is still fierce, we are firmly optimistic about the investment opportunities of the AI theme, the current progress of the implementation of Agent in the enterprise side is relatively high, and it is recommended to pay attention to the fields of OA/ERP/programming/office for AI applications; In terms of computing power, the agent will bring more inference application requirements, thereby driving the inference computing power and even the overall computing power demand upward. At present, global trade frictions continue to evolve, from the perspective of cost performance and supply chain security, the acceptance of China's domestic AI computing power in the domestic AI computing power market will be further improved, and the market share is expected to further increase.

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.

In terms of scale, the latest scale of the AIETF reached 2.483 billion yuan, ranking 1/6 of comparable funds.

In terms of share, the share of the Science and Technology Innovation AIETF increased by 351 million in the past month, achieving significant growth, and the new share ranked 2/6 of comparable funds.

In terms of capital inflow, the latest net outflow of funds from the AIETF was 1.7122 million yuan. In the long run, in the past 12 trading days, a total of 53.7343 million yuan has been "absorbed".

The data shows that leveraged funds continue to be deployed. The AIETF has received net purchases of leveraged funds for 4 consecutive days, with the highest single-day net purchase of 13.8065 million yuan, and the latest financing balance reached 21.4132 million yuan.

From the perspective of profitability, as of April 17, 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 62.75%, and the historical holding 3-month profit probability is 92.31%.

In terms of drawdown, as of April 17, 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 17, 2025, the tracking error of the STAR AIETF in the past three months is 0.017%, which is the highest tracking accuracy among comparable funds.

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.

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; Bosera SSE Science and Technology Innovation Board Artificial Intelligence ETF initiates connection E:023989).