The photovoltaic sector has experienced a rebound, with the photovoltaic ETF fund (516180) rising over 2% during trading, contributing to the high-quality development of the renewable energy green electricity certificate market. As of April 1, 2025, at 10:34 AM, the CSI Photovoltaic Industry Index (931151) surged by 1.68%. Noteworthy increases were seen in component stocks: Jinlang Technology (300763) climbed by 9.93%, GoodWe (688390) rose by 7.33%, and Sunshine Power (300274) appreciated by 4.54%. Other stocks such as Quartz Co. (603688) and Sheneng Electric (300827) also followed suit. The current price of the photovoltaic ETF fund is 0.6 yuan, with a trading volume of 1.8513 million yuan and a turnover rate of 2.84%.
On March 31, the National Energy Administration’s General Office publicly sought opinions on the draft implementation rules for the issuance of renewable energy green electricity certificates. These rules apply to renewable energy generation projects in China, including wind power, solar energy, conventional hydropower, biomass power, geothermal energy, and ocean energy, covering the issuance and management of corresponding green certificates.
According to Dongguan Securities, based on a notice published by the National Development and Reform Commission and the National Energy Administration regarding the deepening of market-oriented reform of new energy grid pricing to promote high-quality development, distributed energy is expected to see a peak in installation capacity in the near term due to the impact of this new policy on returns. Recent data from TrendForce indicates a bullish atmosphere in the module market, with March module production falling within the range of 55-56 GW, representing a month-on-month increase of approximately 30% and a significant growth in module production on a sequential basis. It is recommended to focus on leading photovoltaic companies with scale, advanced technology, and strong cost control capabilities.
Investors can consider the photovoltaic ETF fund (516180) and the new materials ETF index fund (516890) to seize investment opportunities in these related sectors.
The photovoltaic ETF fund closely tracks the CSI Photovoltaic Industry Index, which selects up to 50 of the most representative listed companies in the photovoltaic industry chain from upstream, midstream, and downstream sectors to reflect the overall performance of the securities of photovoltaic industry listed companies.
As of March 31, 2025, the top ten weighted stocks in the CSI Photovoltaic Industry Index (931151) are Longi Green Energy (601012), Sunshine Power (300274), TCL Technology (000100), TerraPower Electric (600089), Tongwei Co. (600438), TCL Zhonghuan (002129), JinkoSolar (688223), Zhejiang Chint Electrics (601877), DeYue Co. (605117), and JA Solar (002459), with these top stocks accounting for 55.78% of the index.
The new materials ETF index fund closely follows the CSI New Materials Theme Index, which selects 50 listed companies involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other key strategic materials to reflect the overall performance of securities in the new materials sector.
As of March 31, 2025, the top ten weighted stocks in the CSI New Materials Theme Index (H30597) include CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), Longi Green Energy (601012), Sanhuan Group (300408), Tongwei Co. (600438), Huayou Cobalt (603799), San’an Optoelectronics (600703), GreenMei (002340), and Baofeng Energy (600989), with these stocks making up 52.75% of the index.
Related products include the photovoltaic ETF fund (516180), the Ping An Photovoltaic Index Fund (Class A: 012722; Class C: 012723), and the new materials ETF index fund (516890).
