Cambrian's Financial Report is "Explosive," Low-Fee Cloud Computing ETF Huaxia (516630) Focuses on Domestic Computing Power

On the morning of March 13, the cloud computing and computing power leasing sectors declined at the market open. Among related ETFs with the lowest fee rates, Huaxia Cloud Computing ETF (516630) continued to adjust, falling 2.22% by 9:59. The Huaxia Growth Enterprise Artificial Intelligence ETF (159381), which also has the lowest fee rate in its category, declined 1.02%. Shares of companies such as Hand Enterprise Solutions, Aofei Data, and Yuntian Lifei also fell. Funds are entering positions on dips, with Huaxia Cloud Computing ETF (516630) and Huaxia Growth Enterprise Artificial Intelligence ETF (159381) both experiencing net capital inflows yesterday.

On the news front, Cambrian has delivered a “spectacular” 2025 annual report. In 2025, Cambrian achieved revenue of 6.497 billion yuan, a year-on-year increase of 453.21%. Net profit attributable to shareholders reached 2.059 billion yuan (compared to a loss of 450 million yuan in 2024), marking a historic turnaround from loss to profit. This financial report not only signifies that Cambrian has fully emerged from a long period of losses but also announces that domestic intelligent computing infrastructure has officially entered a new era of scaled profitability.

Guotou Securities believes that domestic computing power is entering a historic development window driven by both domestic and international demand. It has moved from single-point breakthroughs to an independent technological system, with full-stack ecological capabilities and a verified business closed-loop. The industry is accelerating its shift from “usable” to “easy to use,” with prospects for large-scale deployment in key industries. The global AI computing demand is shifting from training to inference, aligning deeply with the advantages of domestically produced lightweight models, creating opportunities for large-scale application of domestic inference chips.

Computing Power-Related ETFs:

Huaxia Cloud Computing ETF (516630): Focuses on domestic AI hardware and software computing power. The combined weight of computer software, cloud services, and computer equipment accounts for 83.7%, with Deep Seek and AI applications each exceeding 40%. The on-market total expense ratio is only 0.20%, among the lowest in its category. Off-market connect (A-shares: 019868; C-shares: 019869).

Huaxia Growth Enterprise Artificial Intelligence ETF (159381): Half of the index’s weight is concentrated in the optical module CPO sector, while the other half covers AI software applications, forming a balanced layout of “hardware + applications.” The top 10 holdings are Zhongji Xuchuang (13.23%), Xinyi Sheng (12.67%), Tianfu Communication (10.18%), Runze Technology, BlueFocus, Xiechuang Data, Kunlun Wanfang, Beijing Junzheng, Wangsu Technology, and Runhe Software. The fund’s size is nearly 2 billion yuan, with an on-market total expense ratio of only 0.20%, making it one of the lowest in its category, suitable for investors seeking high flexibility and optimistic about AI+ themes. Off-market connect (A-shares: 025505; C-shares: 025506).

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