As of March 20, 2025, at the close of the afternoon session, the China Securities Photovoltaic Industry Index (931151) experienced a decline of 0.36%. Among the constituent stocks, TCL Zhonghuan (002129) led with an increase of 1.64%, followed by Luxin Technology (002617) with a rise of 1.06% and Jinko Technology (601778) up by 1.04%. Conversely, Kehua Data (002335) saw the largest drop at 5.93%, with Weidao Nano (688147) down 3.34% and Gaoce Co., Ltd. (688556) falling 1.93%. The Photovoltaic ETF Ping An (516180) decreased by 0.64%, with the latest price at 0.63 yuan and a trading volume of 1.1727 million yuan, resulting in a turnover rate of 1.72%.
Looking at a longer timeframe, as of March 19, 2025, the Photovoltaic ETF Ping An had a cumulative increase of 1.45% over the past week, ranking second among comparable funds.
On the same day, the construction of the Datong-Huailai-Tianjin South 1000 kV ultra-high voltage AC project commenced. This new channel is part of China’s “West-to-East Power Transmission” initiative and is expected to be operational by June 2027. The project starts in Datong City, Shanxi Province, passes through the Yanshan Mountains and the Haihe River basin in Hebei Province, and ends in the Tianjin Binhai New Area. The total length of the line is 770 kilometers, which will include the construction of four substations, with a total investment reaching 23 billion yuan. Once completed, the ultra-high voltage transmission capacity in North China will increase to 21 million kilowatts, effectively optimizing the energy supply structure to the North China load center and enhancing the power supply capability in the Beijing economic circle.
By the end of 2024, the State Grid Corporation had completed 38 ultra-high voltage projects categorized as “22 AC and 16 DC,” providing robust support for ensuring safe and reliable power supply while promoting green and low-carbon development. The company intends to leverage its group advantages, meticulously organize, strategically deploy, and implement efficient management to ensure high-quality and efficient progress of the project, expediting the development of the power grid and energy transformation.
Investors can consider the Photovoltaic ETF Ping An (516180) and the New Materials ETF Ping An (516890) to seize investment opportunities in related sectors.
The Photovoltaic ETF Ping An closely tracks the China Securities Photovoltaic Industry Index, which selects up to 50 of the most representative listed company securities involved in the photovoltaic industry chain across upstream, midstream, and downstream operations to reflect the overall performance of photovoltaic industry securities.
Data shows that as of February 28, 2025, the top ten weighted stocks in the China Securities Photovoltaic Industry Index (931151) are Longi Green Energy (601012), Sungrow Power (300274), TCL Technology (000100), TBEA Co., Ltd. (600089), Tongwei Co., Ltd. (600438), TCL Zhonghuan (002129), Jinko Power (688223), JA Solar (002459), Chint Electric (601877), and Deye Technology (605117), collectively accounting for 55.75% of the total weight.
The New Materials ETF Ping An closely follows the China Securities New Materials Theme Index, which comprises 50 listed company securities from fields such as advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other key strategic materials to reflect the overall performance of new materials theme securities.
As of February 28, 2025, the top ten weighted stocks in the China Securities New Materials Theme Index (H30597) include CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), Longi Green Energy (601012), Tongwei Co., Ltd. (600438), Sanan Optoelectronics (300408), Huayou Cobalt (603799), Sanan Optoelectronics (600703), Baofeng Energy (600989), and GEM Co., Ltd. (002340), with these stocks comprising 53.41% of the total weight.
Related products include the Photovoltaic ETF Ping An (516180) and the New Materials ETF Ping An (516890).
