The prices of solar components have collectively risen, marking a significant shift towards a healthy development trajectory in the photovoltaic (PV) industry. Consequently, the Photovoltaic ETF Ping An (516180) is gaining attention for its investment opportunities.
As of March 13, 2025, 13:01, the CSI Photovoltaic Industry Index (931151) experienced a decline of 0.87%. Among the constituent stocks, the performance varied; Quartz Co. (603688) led the gains with an increase of 3.12%, followed by China Electric Power (600089) which rose by 1.86%, and Zhengtai Electric (601877) which saw an increase of 1.59%. On the downside, Micro导 Nano (688147) dropped by 4.23%, Robot Technology (300757) fell 3.67%, and Bowei Alloy (601137) declined by 3.57%. The Photovoltaic ETF Ping An (516180) saw a decrease of 0.97%, with the latest price at 0.61 yuan. The trading volume reached 2.5183 million yuan, with a turnover rate of 3.75%.
Looking at the longer term, as of March 12, 2025, the Photovoltaic ETF Ping An has accumulated a rise of 1.64% over the past week.
Recent bidding prices indicate a continuous upward trend in component prices. On February 17, the Three Gorges Group announced the candidates for its 2024 photovoltaic component framework procurement (second batch), with winning bids ranging from 0.692 to 0.705 yuan/W, averaging at 0.696 yuan/W. On March 5, the China Datang Corporation disclosed candidates for its 2025-2026 22.5GW photovoltaic component framework procurement, with winning prices between 0.692 and 0.750 yuan/W. On March 7, Jinneng Holding revealed candidates for its 6GW bifacial double-glass TOPCon component procurement, with bidding prices from 0.705 to 0.721 yuan/W. It has been reported that leading photovoltaic companies have generally increased their component prices within a range of 2-5 fen/W. Additionally, second and third-tier manufacturers have begun to adjust their prices accordingly.
According to Wanlian Securities, the increase in photovoltaic component production indicates a rising market demand. In the short term, the trend of increasing prices is evident. Looking ahead, although capacity reduction will take some time, there is a clear shift in the industry from a focus on “price competition” to “technological competition.” The photovoltaic sector is thus accelerating its return to a healthy development path.
Investors may consider the Photovoltaic ETF Ping An (516180) and the New Materials ETF Ping An (516890) to seize investment opportunities in related industries.
The Photovoltaic ETF Ping An closely tracks the CSI Photovoltaic Industry Index, which selects no more than 50 representative listed companies involved in various segments of the photovoltaic industry chain to reflect the overall performance of these securities. As of February 28, 2025, the top ten weighted stocks in the index were LONGi Green Energy (601012), LONGi Solar (300274), TCL Technology (000100), China Electric Power (600089), Tongwei Co. (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar (002459), Zhengtai Electric (601877), and Dewei Co. (605117). Collectively, these top ten stocks account for 55.75% of the index.
The New Materials ETF Ping An closely follows the CSI New Materials Theme Index, which includes 50 listed companies involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other key strategic materials. As of February 28, 2025, the top ten weighted stocks in this index included CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), LONGi Green Energy (601012), Tongwei Co. (600438), SanHuan Group (300408), Huayou Cobalt (603799), San’an Optoelectronics (600703), Baofeng Energy (600989), and GreenMei (002340). These stocks together represent 53.41% of the index.
Related products include the Photovoltaic ETF Ping An (516180), the Ping An Photovoltaic Index Fund (Class A: 012722; Class C: 012723), and the New Materials ETF Ping An (516890).
