The photovoltaic industry may be on the verge of recovery, as evidenced by the recent performance of the Photovoltaic ETF from Ping An (516180), which has achieved three consecutive days of gains, reaching a new high in scale not seen in nearly three months.
As of March 18, 2025, at 13:17, the China Securities Photovoltaic Industry Index (931151) saw an increase of 0.31%. Notable performers among its constituent stocks included Quartz Co. (603688), which rose by 3.22%, GoodWe (688390) with a 2.60% increase, and Winaftech (688147), up by 2.41%. The Photovoltaic ETF from Ping An (516180) gained 0.64%, marking its third consecutive rise. The latest price stood at 0.63 yuan, with a trading volume reaching 1.2526 million yuan and a turnover rate of 1.83%.
Looking at a broader timeframe, as of March 17, 2025, the Photovoltaic ETF from Ping An has cumulatively increased by 1.29% over the past week. In terms of size, the ETF has reached a scale of 68.4765 million yuan, marking its highest level in the last three months.
On March 15, several listed companies, including Shaoneng Co. and Datang Huayin Power, announced new investment plans for photovoltaic power generation projects. These projects span various models, including distributed photovoltaic, agrivoltaics, and aquaculture-photovoltaic integration, with a total investment exceeding 1.6 billion yuan.
Considering the recent recovery in industry chain prices, the release of favorable policies, and the performance of the capital markets, analysts within the industry suggest that the photovoltaic sector may have entered a phase of recovery. However, beneath the surface of corporate expansion and policy stimulation, challenges such as overcapacity and profit differentiation still loom, indicating that a full recovery will require further validation over time.
Investors may consider the Photovoltaic ETF from Ping An (516180) and the New Materials ETF from Ping An (516890) as avenues to capture investment opportunities within relevant industry sectors.
The Photovoltaic ETF from Ping An closely tracks the China Securities Photovoltaic Industry Index, which selects up to 50 of the most representative securities from companies involved in various stages of the photovoltaic industry. The aim is to reflect the overall performance of publicly traded companies in this sector.
Data shows that as of February 28, 2025, the top ten weighted stocks within the China Securities Photovoltaic Industry Index (931151) included LONGi Green Energy (601012), Sungrow Power (300274), TCL Technology (000100), TBEA Co. (600089), Tongwei Co. (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar Technology (002459), Chint Electric (601877), and Deye Technology (605117). These ten stocks collectively accounted for 55.75% of the index.
Similarly, the New Materials ETF from Ping An closely tracks the China Securities New Materials Theme Index, which selects 50 listed companies involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other critical strategic materials. This index reflects the overall performance of companies in the new materials field.
According to data from February 28, 2025, the top ten weighted stocks in the China Securities New Materials Theme Index (H30597) included CATL (300750), Northern Huachuang (002371), Wanhua Chemical (600309), LONGi Green Energy (601012), Tongwei Co. (600438), Sanan Optoelectronics (600703), and others, with these ten stocks accounting for 53.41% of the index.
Related products include the Photovoltaic ETF from Ping An (516180) and the New Materials ETF from Ping An (516890), which are available for investment.
