As of 13:10 on February 26, 2025, the SSE Science and Technology Innovation Board Artificial Intelligence Index (950180) rose 2.59%, the constituent VeriSilicon (688521) rose 12.42%, TZTEK (688003) rose 8.90%, UCD (688158) rose 8.02%, and Yuncong Technology (688327), Geling Shentong (688207) and other stocks followed suit. Kechuang AIETF (588790) rose more than 2% intraday, and is now up 1.95%, the latest price is 1.36 yuan, and the intraday turnover has reached 334 million yuan, temporarily ranking 1/4 of comparable ETFs, with a turnover rate of 26.05%, and the market is actively trading.

On the third day of OpenSource Week, DeepSeek announced the opening of the DeepGEMM codebase again after announcing the open-source MLA decoding kernel FlashMLA and DeepEP.

CMBI believes that the DeepSeek case proves that by optimizing the model architecture and training algorithm, the consumption of computing resources in the training and inference process can be further reduced, and the cost of using large models is also expected to be further reduced. From the perspective of recent industry development trends, after the explosion of DeepSeek, 1) mainstream basic cloud service providers at home and abroad announced the launch of DeepSeek's latest models for the first time, and the increase in the number of online API calls of DeepSeek models may be beneficial to the revenue growth of AI-related cloud services of basic cloud service vendors; 2) The leading large model manufacturers have gradually started to reduce the price of their existing multi-modal large models to cope with the competition and maintain market share.

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 the long run, as of February 25, 2025, the Science and Technology Innovation AIETF has risen by 11.74% in the past 1 week, ranking 1/4 of comparable funds.

In terms of scale, the latest scale of the AIETF reached 1.273 billion yuan, a new high since its establishment, ranking 1/4 of comparable funds.

In terms of shares, the share of the AIETF has increased by 488 million since the beginning of this month, achieving significant growth, and the new share ranks 2/4 of comparable funds.

In terms of capital inflow, the latest net inflow of funds from the AIETF was 33.5131 million yuan. In the long run, there have been 9 net inflows of funds in the past 15 trading days, with a total of 591 million yuan of "gold absorption", and an average daily net inflow of 39.394 million yuan.

In terms of absolute returns, as of February 25, 2025, the weekly profit percentage and monthly profit probability of the AIETF since its inception are 75.00%, and the monthly profit probability is 100.00%.

As of February 21, 2025, the Sharpe ratio of the STAR AIETF in the past 1 month is 1.77, ranking 1/4 of comparable funds, and the highest return under the same risk.

In terms of drawdown, as of February 25, 2025, the largest drawdown of the AIETF since its inception was 4.45%, which was 0.31% relative to the benchmark.

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 February 25, 2025, the tracking error of the AIETF in the past 1 month is 0.021%, 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 January 27, 2025, the top 10 weighted stocks of the SSE Science and Technology Innovation Board Artificial Intelligence Index (950180) are Cambrian (688256), Roborock (688169), Kingsoft Office (688111), Montage Technology (688008), Hengxuan Technology (688608), Jingchen (688099), Espressif Technology (688018), VeriSilicon (688521), Zhongke Xingtu (688568), Yuntian Lifei (688343), the top ten weighted stocks accounted for 70.49% 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).