Xinyisheng reaches a new all-time high! Will Tesla purchase Chinese photovoltaic equipment? Huabao Fund's Dual Innovation Leader ETF (588330) surges 3.4% during intraday trading.

Today (March 20), the Double Innovation Leading ETF (588330), which fully invests in new quality productivity, intraday surged up to 3.42%, currently up 1.81%. The ETF shows a broad intraday premium, indicating stronger buying momentum. Over the past five days, it has also attracted a total of 22.67 million yuan in funds.

In terms of constituent stocks, leading optical module manufacturer New Easy盛 rose over 8%, hitting a new high, while Zhongji Xuanchuang increased more than 6%. Leading photovoltaic companies Jing Sheng Electric and Jinko Solar rose over 5%, and Sunshine Power gained over 4%.

On the news front, Tesla is engaging in large-scale procurement negotiations with Chinese photovoltaic equipment suppliers, planning to spend about $2.9 billion (roughly 20 billion RMB) to import core equipment for solar cell and module manufacturing, supporting the development of integrated photovoltaic manufacturing in the U.S.

Policy-wise, energy-saving equipment policies have been introduced. On March 20, the Ministry of Industry and Information Technology and three other departments issued the “Implementation Plan for High-Quality Development of Energy-Saving Equipment (2026–2028).” The plan emphasizes accelerating the research and promotion of advanced energy-saving equipment, including high-efficiency motors, transformers, industrial heat pumps, industrial refrigeration and heating equipment, water electrolysis hydrogen production equipment, and information communication devices, with a focus on new materials, components, and products that meet market demand and have significant energy-saving effects.

Looking ahead at the technological sector’s performance, Guolian Minsheng Securities pointed out that the “14th Five-Year Plan” major projects list significantly emphasizes new productivity projects in emerging industries and frontier technology breakthroughs. Shanxi Securities believes that technological innovation has become the core engine of global industrial upgrading. By 2026, the development of the tech industry is supported by clear policies, defined technological iteration paths, and foreseeable commercial scenarios, offering both short-term explosive potential and long-term growth value.

【No fear of rotation, one-click package of China’s core technology】

The broad-based hard technology ETF—Double Innovation Leading ETF (588330) and its off-market connection funds (Class A: 013317 / Class C: 013318)—selects the top 50 large-cap listed companies in strategic emerging industries from the STAR Market and ChiNext as index components, covering hot themes like optical modules, semiconductors, and photovoltaic equipment. The ETF is also a target for margin trading and interconnection, making it an efficient tool for quick deployment of new quality productivity.

Notably, the Double Innovation Leading ETF (588330) was awarded the “2025 Broad-Based Growth King,” with a cumulative increase of 60.86% in 2025, outperforming the ChiNext 50 (57.45%), ChiNext Index (49.57%), STAR 50 (46.30%), and Sci-Tech Innovation Board (35.92%).

ETF fee details: The Double Innovation Leading ETF does not charge sales service fees. Subscription and redemption agents may charge commissions up to 0.5%, including fees from stock exchanges and registration agencies. Intraday trading costs are based on the actual charges of securities firms.

Connection fund fee details: China Universal CSI Sci-Tech Innovation 50 ETF Launch-Style Connection Fund (A class) has a subscription fee of 1,000 RMB per transaction for subscriptions of 2 million RMB or more, 0.6% for 1–2 million RMB, and 1% for less than 1 million RMB. Redemption fees are 1.5% if held within 7 days, 0.1% for 7–30 days, and 0% beyond 30 days, with no sales service fee. China Universal CSI Sci-Tech Innovation 50 ETF Launch-Style Connection Fund (C class) has no subscription fee, with redemption fees of 1.5% within 7 days and 0% thereafter; sales service fee is 0.3%.

Risk warning: The Double Innovation Leading ETF passively tracks the CSI Sci-Tech Innovation 50 Index, which was launched on December 31, 2019, and published on June 1, 2021. The index’s annual gains/losses from 2020 to 2024 are 86.90%, 0.37%, -28.32%, -18.83%, and 13.63%. The index components are adjusted periodically according to the index rules. Past performance does not predict future results. The stocks mentioned are for illustration only and do not constitute investment advice or reflect holdings or trading activities of any fund managed by the issuer. The risk level of the ETF is rated R4—medium-high risk, suitable for active investors (C4) and above. Investment decisions should be based on the advice of sales institutions. All information in this article is for reference only; investors are responsible for their own investment decisions. The views, analysis, and forecasts in this article do not constitute investment advice, and the issuer is not responsible for any direct or indirect losses resulting from the use of this information. Fund investments carry risks; past performance does not guarantee future results, and the performance of other funds managed by the issuer does not guarantee the performance of this fund. Invest cautiously.

MACD Golden Cross signals formed—these stocks are showing good upward momentum!