As of 14:08 on March 27, 2025, the CSI Photovoltaic Industry Index (931151) fell by 1.32%. In terms of constituent stocks, quartz shares (603688) led by 3.59%, Lianhong Xinke (003022) rose 1.15%, and Crestec (002518) rose 0.38%; JA Solar (002459) led the decline by 3.57%, Junda (002865) fell 3.25%, and TCL Zhonghuan (002129) fell 3.21%. Photovoltaic ETF fund (516180) fell 0.96%, the latest price was 0.62 yuan, and the intraday turnover has reached 3.8399 million yuan, with a turnover rate of 5.73%.

In the long run, as of March 26, 2025, photovoltaic ETF funds have risen by 9.70% in the past six months.

On the news side, a few days ago, the United States issued an executive order to revoke the previous government's decision to include the manufacture of solar photovoltaic modules and their modules in the Defense Production Act (DPA) of 1950. Industry analysts pointed out that with the entry into force of Trump's executive order, the manufacturing of key clean energy products such as solar photovoltaic modules and parts, electrolyzers will no longer enjoy the policy support of the Defense Production Act. In recent years, the U.S. solar industry has grown rapidly, with data showing that solar energy will account for 81.5% of the new installed power generation capacity in the U.S. in 2024, far exceeding natural gas and nuclear energy. After the removal of the National Defense Production Act, the U.S. solar industry may face more challenges in terms of scaling up production and obtaining financial support, and the stability of industrial development may also be affected.

It is understood that recently, major enterprises in the photovoltaic silicon material-module sector held another meeting to readjust the quota of silicon wafers and modules in the first half of the year. It is reported that in the first half of the year, there was an increase of 1%~3% per quarter. At present, the photovoltaic industry is entering a rush to install, and module prices have risen continuously recently.

According to the observation of the Silicon Industry Branch, the leading polysilicon companies have significantly increased their downstream quotations, but they still need to wait and see the actual landing price. Due to the large polysilicon inventory, it is difficult to transmit the price increase to the polysilicon side.

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 February 28, 2025, the top ten weighted stocks of the CSI Photovoltaic Industry Index (931151) are LONGi Green Energy (601012), Sungrow Power Supply (300274), TCL Technology (000100), TBEA (600089), Tongwei (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar (002459), Chint Electric (601877), Deye shares (605117), the top ten weighted stocks accounted for 55.75% 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 February 28, 2025, the top ten weighted stocks in the CSI New Materials Theme Index (H30597) are CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), LONGi Green Energy (601012), Tongwei (600438), Sanhuan Group (300408), Huayou Cobalt (603799), San'an Optoelectronics (600703), Baofeng Energy (600989), GEM (002340), the top ten weighted stocks accounted for 53.41% 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).