According to the CITIC Securities Research Report, the quarterly public fund report for the second quarter of 2026 has been disclosed, and the electronics industry allocation ratio has continued to rise since the first quarter of 2026, and is in a high range: the total market value of heavy stocks in the electronics industry in the second quarter of 2026 was 1583.888 billion yuan, +155.46% month-on-month; the electronics industry accounted for 39.08% of total fund holdings, +19.64% month-on-month, and overallocated 16.07%, maintaining a high position. In terms of sub-industries, the share of components within the electronics industry has increased, while the share of consumer electronics, semiconductors, other electronic components II, and optoelectronics within the electronics industry has declined slightly. Since July, the sector has been drastically adjusted, and the valuation of related targets has clearly declined, but the fundamentals of the industry have remained strong: the certainty of semiconductor equipment orders continues to increase, domestic computing power orders and supply chain preparation are expected to accelerate, demand for AI servers is driving the continuation of the PCB and AI power supply boom, the trend of increasing storage prices has become more clear, and at the same time, industry chain opportunities are gradually spreading to consumer electronics. According to the research report, the current stock price adjustments have enabled some high-quality targets to enter a valuation depression. It is expected that performance implementation will resonate with valuation restoration in the future, and they are firmly optimistic about investment opportunities after the overdue decline.

According to the CITIC Securities Research Report, the quarterly public fund report for the second quarter of 2026 has been disclosed, and the electronics industry allocation ratio has continued to rise since the first quarter of 2026, and is in a high range: the total market value of heavy stocks in the electronics industry in the second quarter of 2026 was 1583.888 billion yuan, +155.46% month-on-month; the electronics industry accounted for 39.08% of total fund holdings, +19.64% month-on-month, and overallocated 16.07%, maintaining a high position. In terms of sub-industries, the share of components within the electronics industry has increased, while the share of consumer electronics, semiconductors, other electronic components II, and optoelectronics within the electronics industry has declined slightly. Since July, the sector has been drastically adjusted, and the valuation of related targets has clearly declined, but the fundamentals of the industry have remained strong: the certainty of semiconductor equipment orders continues to increase, domestic computing power orders and supply chain preparation are expected to accelerate, demand for AI servers is driving the continuation of the PCB and AI power supply boom, the trend of increasing storage prices has become more clear, and at the same time, industry chain opportunities are gradually spreading to consumer electronics. According to the research report, the current stock price adjustments have enabled some high-quality targets to enter a valuation depression. It is expected that performance implementation will resonate with valuation restoration in the future, and they are firmly optimistic about investment opportunities after the overdue decline.