ChiNext 50 ETF Huaan (159949) Leads Peers with 1.4 Billion Volume Turnover; Battery Expo + CATL Performance Triggers Growth Rally

On March 11, the market showed a red-day fluctuation trend. The Shenzhen Component Index and the ChiNext Index initially strengthened in the morning, but the gains narrowed in the afternoon. The ChiNext Index closed up 1.31%. Driven by this, the Hu’an (159949) ETF of the ChiNext 50 rose 1.55% throughout the day, closing at 1.575 yuan, with a turnover rate of 6.29% and a trading volume of 1.409 billion yuan, ranking first among similar ETFs.

In terms of liquidity, this ETF has maintained active trading recently. As of March 11, the Hu’an ChiNext 50 ETF (159949) had a total trading volume of 23.093 billion yuan over the past 20 trading days, with an average daily trading volume of 1.155 billion yuan; since the beginning of the year, over 42 trading days, the total trading volume reached 61.841 billion yuan, averaging 1.472 billion yuan per day. As of March 10, the latest circulating scale of this ETF was 22.029 billion yuan.

News: International Battery Exhibition heats up, CATL’s performance surges, boosting the sector

On the news front, from March 11 to 13, the largest international battery exhibition in Korea, “InterBattery 2026,” was held at COEX in Seoul, attracting 667 battery industry chain companies worldwide. Samsung SDI publicly displayed for the first time a soft-pack all-solid-state battery sample designed for humanoid robots and other physical AI applications, sparking high market attention on next-generation battery technology.

Industry data shows that, according to the China Automotive Power Battery Industry Innovation Alliance, by 2025, China’s power and energy storage battery production will reach 1,755.6 GWh, a 60.1% increase year-on-year. Domestic sales of power batteries will grow by 51.8% year-on-year. The dual demand from energy storage and electric vehicles provides core momentum for the continuous expansion of the lithium battery market.

Leading companies performed notably. CATL is expected to achieve revenue of 423.7 billion yuan in 2025, up 17% year-on-year; net profit attributable to the parent was 72.2 billion yuan, a 42% increase year-on-year, with an average daily net profit of nearly 2 billion yuan. Subsequently, major institutions such as HSBC Qianhai, Nomura, and J.P. Morgan raised their target prices, further strengthening market focus on the new energy industry chain.

Institutional Views: Computing power + electricity synergy becomes a new mainline, power system reform brings investment opportunities

CITIC Securities released a research report stating that the “Two Sessions” and government work report proposed accelerating comprehensive green transformation and establishing a new power system. A series of ultra-high voltage major projects are expected to be included in the planning, clarifying long-term development prospects. The top-level design clearly aims to develop a new smart economy model focused on the synergy of “computing power + electricity.” Based on domestic demand and new business development, it is recommended to focus on core equipment companies related to major domestic projects, digital grids, and computing-power synergy.

Tianfeng Securities’ research report states that under the influence of artificial intelligence, data center power demand is expected to grow rapidly. To improve computing performance and reduce total cost of ownership (TCO), enhancing power conversion efficiency and power density from the grid to the core is crucial. Under multiple pressures, VPD (Vertical Power Delivery) with shorter power supply paths, lower PDN impedance, better transient response, and more space-saving on the board has become a key technology supporting high computing power and highly integrated AI chips. Tianfeng Securities is optimistic about the investment opportunities brought by power system reforms in the AI era.

The Hu’an ChiNext 50 ETF (159949) provides a convenient tool for long-term investors optimistic about China’s tech growth sector. The fund has returned 51.21% over the past three years, outperforming the performance benchmark, ranking 263rd among 1,652 similar products. Investors can trade this ETF directly through stock accounts or participate via linked funds (Class A: 160422; Class C: 160424; Class I: 022654; Class Y: 022976). It is recommended to adopt dollar-cost averaging or phased deployment to smooth short-term fluctuations and closely monitor the performance of constituent stocks and relevant policy developments.

Risk reminder: Fund investment involves risks; please invest cautiously. The ChiNext 50 ETF is a higher-risk, higher-return fund product, with its net value closely related to the ChiNext market. Investors should carefully read the fund legal documents, assess their risk tolerance, and make prudent investment decisions.

MACD golden cross signals have formed, and these stocks are showing good upward momentum!