Game ETF Huaxia (159869) opens a low-position layout channel, "absorbing" 179 million yuan in a single day

On August 18, the gaming sector opened with volatile declines. The Huaxia Gaming ETF (159869), the largest in its index, fell over 1.5%, continuing to open up a channel for low-position accumulation. On the previous trading day alone, the Huaxia Gaming ETF (159869) saw net capital inflows of 179 million RMB, favored by investors. As of August 17, the Huaxia Gaming ETF (159869) had reached a scale of 9.187 billion RMB.

Recently, Tencent released its Q2 2026 financial report. Data shows that the company's capital expenditure for the quarter reached 52.784 billion RMB, a YoY increase of 176%. Cumulative capex for the first half of the year totaled 84.72 billion RMB, surpassing the full-year scale of 2025. Meanwhile, the gaming business performed brightly, with DAU for several evergreen products hitting quarterly highs. The new title 'Roco Kingdom: World' ranked first among new mobile games in the Chinese market this year.

The research report suggests that Tencent Games' growth exhibits three key features: stability of evergreen products, rapid volume growth of new titles, and AI empowerment across the entire value chain. 'Delta Force' improved operational efficiency through Agents. The AI NPC gameplay in 'Peacekeeper Elite' has cumulatively been experienced by 167 million users. After launching the Coach Agent, 'Roco Kingdom: World' saw a 20% increase in PVP activation rates. AI has deeply covered the entire chain of player experience, R&D production, and operational services.

The gaming sector is subject to multiple catalysts including AI, content, and commercial model transformations. The Huaxia Gaming ETF (159869) tracks the CSI Animation & Game Index, leading the market in AI application content. It precisely covers the overall performance of the A-share animation and game industry. Currently, the gaming sector is experiencing a wave of multiple catalysts driven by policy tailwinds, product cycles, and AI empowerment, presenting a potential window for layout in the gaming track.