【CCTV Finance Excavator Index Released! Engineering Machinery ETF Huaxia (515970) Oscillates in Adjustment, Fees Among the Lowest for the Benchmark Index】

On the morning of March 20, the three major A-share indices showed mixed performance. The Shanghai Composite Index fell by 0.17% during the trading session. Sectors such as telecommunications, electrical equipment, and electronics led the gains, while comprehensive and petroleum refining sectors declined the most. The engineering machinery sector showed mixed results. As of 10:20 AM, the China Construction Machinery ETF (515970.SH) decreased by 0.11%. Its constituent stocks included Yanmiao Technology, which rose by 4.88%, Electric Light Technology up by 3.38%, China National Heavy Duty Truck Group up by 2.88%, and XCMG Machinery up by 2.44%. However, stocks like Henggong Precision and Hainan Huatie performed poorly, with declines of 2.94% and 2.88%, respectively.

According to CCTV Finance, the “CCTV Finance Excavator Index” was released on March 17. Data shows that in February this year, despite a seasonal decline in the operating rate due to the extended Spring Festival holiday, several key indicators performed better than the same period last year. The pace of resuming work after the holiday has accelerated. The index indicates that, affected by the Spring Festival holiday, the average operating rate of engineering machinery in China was 24.65% in February.

Bohai Securities stated that in the engineering machinery sector, the significant decline in domestic sales of main products in February was mainly due to the timing of the Spring Festival holiday and the high base from the same period last year. Looking ahead, the continued implementation of major projects and policies favoring large-scale equipment upgrades are expected to sustain the recovery in engineering machinery industry confidence. Internationally, leading domestic engineering machinery manufacturers are accelerating their overseas expansion. Chinese engineering machinery products are highly competitive in terms of technological maturity and cost performance, and continued attention is recommended for overseas market development.

The China Construction Machinery ETF (515970) closely tracks the CSI Engineering Machinery Theme Index, allowing investors to easily allocate to industry leaders across the supply chain and benefit from the industry’s upward trend. The fund has an annual management fee of 0.15% and a custodial fee of 0.05%, making it one of the lowest in its category.

Daily Economic News