What's happening? Oriental Wealth plunges over 4% after earnings disclosure, Fintech ETF (159851) hits new lows in this round of adjustments, "bottom-fishing" funds rush in

On the morning of the 20th, financial technology continued to decline, with the sector broadly turning green. East Money’s stock plunged over 4% after earnings, leading the decline, while Dazhihui, Zhinan, and other stocks fell more than 1%. Regarding popular ETFs, the Financial Technology ETF (159851) dropped nearly 3% intraday, hitting a new low during this correction cycle, with funds rushing in to buy 85 million units.

In terms of news, on March 19th, Internet brokerage leader East Money delivered an impressive 2025 earnings report: the company achieved a total revenue of 16.068 billion yuan in 2025, up 38.46% year-over-year; net profit attributable to shareholders of the listed company was 12.085 billion yuan, a 25.75% increase YoY. However, there was some decline in Q4, with the company’s net profit attributable to shareholders in Q4 2025 reaching 2.987 billion yuan, down 16.28% YoY and 15.38% quarter-over-quarter.

Dongwu Securities stated that from an industry perspective, traditional finance and internet finance are highly correlated with market conditions. Benefiting from the market recovery and the promotion of fintech policies, the performance of fintech companies is expected to continue growing. Additionally, AI is accelerating its empowerment of financial institutions, with leading companies leveraging large models to enhance capabilities such as intelligent customer service, investment advisory, and risk control, thereby increasing user stickiness, optimizing customer acquisition, and improving internal efficiency, driving business growth.

For allocation, Dongwu Securities recommends focusing on: ① AI financial companies with strong data foundations, good application scenarios, and mature AI technology experience will benefit significantly; ② New internet financial enterprises with clear business extension and monetization paths, substantial AI and R&D investments, large or high-quality user bases, high business gross margins, and sustainability are expected to build closed-loop business models. We anticipate that their performance will continue to improve as their business phases advance.

From multiple angles, seize fintech opportunities by paying close attention to Financial Technology ETF (159851) and its linked funds (A-shares 013477, C-shares 013478). Based on the Shenwan first-level industry classification, the target index heavily weights in computers and non-bank financials, covering popular themes such as internet brokerages, financial IT, cross-border payments, AI applications, and Huawei HarmonyOS. Over the past six months, the Financial Technology ETF (159851) has an average daily trading volume of 800 million yuan, making it the most liquid among the eight ETFs tracking the same index.

Data source: Shanghai and Shenzhen Stock Exchanges, etc.

Risk warning: The Financial Technology ETF passively tracks the CSI Fintech Theme Index, which was established on June 30, 2014, and published on June 22, 2017. The index components are adjusted periodically according to the index rules, and past backtested performance does not predict future results. The index components shown are for display only; individual stock descriptions are not investment advice and do not reflect holdings or trading activities of any funds managed by the issuer. The fund’s risk level is assessed as R3—medium risk, suitable for balanced (C3) and above investors. All information in this article (including but not limited to stocks, comments, forecasts, charts, indicators, theories, and any other statements) is for reference only. Investors are responsible for their own investment decisions. Furthermore, any opinions, analyses, or 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 content. Investing in funds involves risks; past performance does not guarantee future results. The performance of other funds managed by the fund manager does not guarantee the performance of any particular fund. Exercise caution when investing.

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