Zhongji Innolight Replaces CATL as Top Holding of Public Funds

Industry

Summary · why it matters

Public mutual funds' second-quarter reports show that Zhongji Innolight has replaced CATL as the largest holding among public funds. As of the end of the second quarter, a total of 2,695 funds from 140 public fund companies held Zhongji Innolight, with a combined holding of 205 million shares and a total market value rising to 260.528 billion yuan. This was mainly driven by its stock price surging from 569.41 yuan to 1,270 yuan in the second quarter, a gain of 123.4 percent. Eoptolink ranked second with a total market value of 205.538 billion yuan, and Cambricon ranked third with 131.721 billion yuan. Semiconductors, electronic components, and communication equipment were the sectors with the largest increases in holdings, while batteries, baijiu, and industrial metals saw significant reductions. Zijin Mining, Kweichow Moutai, and Ping An Insurance exited the top ten holdings, while Cambricon, Advanced Micro-Fabrication Equipment, and NAURA Technology entered the top ten.