Game ETF Cathay (516010) closes down nearly 3%, AI sector continues to advance, and the pullback may present a good entry point.

GateUser-bd883c58 · 2026-03-26T10:58:07+00:00

On March 19, the Game ETF Guotai (516010) fell nearly 3%. Domestic models in the AI field performed well, and expanded applications may increase usage. Apple's reduction of the commission rate in the China App Store benefits gaming companies, and the mid-term strategic value of the gaming sector rises. The media sector underperformed, and market risks and investment advice should be approached with caution.

GateUser-bd883c58

2026-03-26 10:58:07

Abstract generation in progress

On March 19, the gaming ETF Guotai (516010) declined nearly 3%. The AI sector continues to advance, and a pullback may present a good opportunity for deployment.

Huachuang Securities pointed out that in the AI field, domestic models MiniMax, Jiēyuè, DeepSeek, and others maintain leading global usage; on the application side, OpenClaw remains popular and is expected to significantly boost usage volume, accelerating adoption in e-commerce, advertising, companionship, and other fields. For the gaming industry, following Google, Apple announced a reduction in App Store commission rates in China. Global antitrust investigations may further push channel commission ratios lower, directly benefiting game companies’ profit margins. Recently, due to performance battles, the valuation of the gaming sector has been adjusted to a relatively low level. In the medium term, the current position has value for deployment, with potential for simultaneous upward revision of EPS and PE ratios.

In the media sector, last week, market funds’ competition intensified, and industry indices underperformed the broader market.

The Guotai Gaming ETF (516010) tracks the Animation & Gaming Index (930901), which selects listed companies involved in game development, animation production, IP operation, and related businesses from the Shanghai and Shenzhen markets as sample stocks to reflect the overall performance of listed companies in the animation and gaming sectors.

Risk Reminder: Mentioned stocks are for industry event analysis only and do not constitute any stock recommendation or investment advice. Short-term fluctuations of indices are for reference only and do not predict future performance, nor do they constitute a promise or guarantee of fund performance. Views may change with market conditions and do not constitute investment advice or commitments. Different funds have different risk and return profiles; investors should carefully read the fund legal documents, fully understand product features, risk levels, and distribution principles, and choose products that match their risk tolerance. Invest cautiously. For fund fee rates, please refer to the legal documents.

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