As of 09:52 on February 18, 2025, the CSI Photovoltaic Industry Index (931151) rose 0.94%, the constituent stocks Robotec (300757) rose 6.09%, Sineng Electric (300827) rose 3.47%, GoodWe (688390) rose 2.81%, Sungrow Power Supply (300274) rose 2.73%, and Kehua Data (002335) rose 2.50%. Photovoltaic ETF Ping An (516180) rose 1.14%, hitting three consecutive gains. The latest price was reported at $0.62, and the intraday turnover continued to widen.

In the long run, as of February 17, 2025, the PV ETF Ping An has risen by 3.20% in the past two weeks.

It is worth noting that the valuation of the CSI Photovoltaic Industry Index tracked by the fund is at a historical low, with the latest price-to-book ratio of 1.9 times, which is lower than the index of more than 84.53% in the past three years, and the valuation is cost-effective.

On the news side, a few days ago, the Ministry of Industry and Information Technology and other eight departments issued the "Action Plan for the High-quality Development of New Energy Storage Manufacturing Industry", which proposes to accelerate the iterative upgrading of mature technologies such as lithium batteries, support disruptive technological innovation, and improve the supply capacity of high-end products. The plan also proposes to support qualified industrial enterprises and parks to build industrial green microgrids, and actively promote the application of new energy storage technology products in the industrial field. Develop personalized and customized household energy storage products.

CITIC Securities believes that in the case of the triple bottoming out of the performance, fundamentals and valuation/sentiment of the photovoltaic sector, the industry is expected to usher in fundamental repair as the demand side is expected to gradually recover and grow steadily, while the supply side is expected to benefit from the implementation of potential reform policies through administrative constraints, self-discipline and production restrictions and market-oriented clearance.

Investors can take advantage of the photovoltaic ETF Ping An (516180) and the new materials ETF Ping An (516890) to grasp investment opportunities in related industries.

The PV ETF closely tracks the CSI Photovoltaic Industry Index, which selects no more than 50 of the most representative securities of listed companies from the securities of listed companies whose main business involves the upstream, midstream and downstream of the photovoltaic industry chain as the index sample to reflect the overall performance of the securities of listed companies in the photovoltaic industry.

According to the data, as of January 27, 2025, the top ten weighted stocks of the CSI Photovoltaic Industry Index (931151) are Sungrow Power Supply (300274), TCL Technology (000100), LONGi Green Energy (601012), TBEA (600089), Tongwei (600438), TCL Zhonghuan (002129), JA Solar (002459), JinkoSolar (688223), Chint Electric (601877), Deye shares (605117), the top ten weighted stocks accounted for 56.6% of the total.

The CSI New Materials ETF selects 50 securities of listed companies whose business involves basic materials such as advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and key strategic materials as the index sample to reflect the overall performance of the securities of listed companies with new materials theme.

According to the data, as of January 27, 2025, the top ten weighted stocks in the CSI New Materials Theme Index (H30597) are CATL (300750), Wanhua Chemical (600309), North Huachuang (002371), LONGi Green Energy (601012), Tongwei (600438), Sanhuan Group (300408), San'an Optoelectronics (600703), Huayou Cobalt (603799), Baofeng Energy (600989), GEM (002340), the top ten weighted stocks accounted for 53.78% of the total.

Related Products:

Photovoltaic ETF Ping An (516180), Ping An Photovoltaic Index Fund (Class A: 012722; Category C: 012723);

New Materials ETF Ping An (516890).