On April 1, the three major indices of A-shares turned positive collectively, with the photovoltaic sector experiencing a significant upswing. The Huaxia New Energy ETF (159368) on the ChiNext index saw a rise of over 1%. Key component stocks also performed well, with Jinlang Technology increasing by more than 10%, Sunshine Power up by over 5%, and Shangneng Electric rising by more than 4%.
The Huaxia New Energy ETF (159368) is the only ETF in the market that tracks the ChiNext New Energy Index. This index primarily includes stocks from the new energy and electric vehicle sectors, covering various segments such as solar, wind, biomass, and nuclear energy, as well as components related to electric vehicles, including power batteries, battery materials, charging infrastructure, complete vehicles, motors, and electronic control systems.
Huaxi Securities has noted that prices across the new energy photovoltaic industry chain are on the rise again. In the short term, as the installation rush approaches, the price growth of components has started to stabilize. However, in the medium to long term, the photovoltaic sector is entering a mature phase, with the industry building new competitive barriers through technological advancements and global expansion.
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