On March 25, 2025, the China Securities New Energy Index rose by 0.84%. Notable component stocks included Jinlang Technology, which increased by 5.80%, Sunpower with a rise of 4.67%, New Era Energy up by 4.46%, Purui Group increasing by 3.79%, and Chuaneng Power rising by 3.56%. The New Energy ETF (159875) experienced a gain of 0.87%, with intraday trading volume reaching 21.72 million yuan.
Looking at the longer term, as of March 24, 2025, the New Energy ETF has seen a cumulative increase of 16.67% over the past six months. In terms of scale, the ETF has grown by 75.06 million yuan in that same period. Additionally, there was a significant increase in shares, with the ETF’s share count rising by 4.5 million in the past week.
Data indicates that leveraged funds are increasingly being allocated. The latest margin buying amount for the New Energy ETF reached 1.62 million yuan, while the latest margin balance stood at 33.81 million yuan.
It is important to note that the index tracked by this fund, the China Securities New Energy Index, is currently valued at a historical low, with a latest price-to-book (PB) ratio of 2.16, which is lower than 83% of the time in the past five years, indicating a strong valuation advantage.
In recent news, the National Key Laboratory of Photovoltaic Science and Technology at Trina Solar announced that its developed 210 large-size perovskite/silicon tandem solar cell module (with an area of 3.1 square meters) has been certified by the TV SD testing laboratory, achieving a peak power of 808W. This module is now recognized as the world’s first industrial standard solar module to surpass the 800W threshold.
According to analysts, the recent rise in the prices of photovoltaic modules in both the domestic and European distribution markets has been driven by a combination of policy support, industry self-discipline, and recovering demand. An increase in module production will directly boost the demand for primary and auxiliary materials, stabilizing and potentially increasing prices along the supply chain and improving profit expectations for related companies.
As of February 28, 2025, the top ten stocks in the China Securities New Energy Index by weight are Ningde Times, Sunpower, LONGi Green Energy, China National Nuclear Power, TBEA, Three Gorges Energy, Yiwei Lithium Energy, Tongwei Co., Huayou Cobalt, and Ganfeng Lithium, with these ten stocks accounting for 43.51% of the total index weight.
