as of 11:18 on December 22, 2023, the China securities mainland new energy theme index (000941) rose 1.96 percent, the constituent stock Goodway (688390) rose 7.69 percent, Yongxing materials (002756) rose 5.27 percent, paneng technology (688063) rose 4.91 percent, jinlang technology (300763), huayou cobalt (603799) and other stocks followed. New Energy 50ETF(516270) rose 2.01 percent, with the latest price at 0.46 yuan. The intraday turnover has reached 10.6973 million yuan, with a turnover rate of 3.97 percent.

Looking at the stretched time, there have been 12 net inflows of funds in the past 22 trading days, totaling 26.5188 million yuan, with an average daily net inflow of 1.2054 million yuan.

From the valuation level, the latest price-to-earnings ratio (PE-TTM) of the CSI Mainland New Energy Thematic Index tracked by the New Energy 50ETF is only 11.19 times, at a fraction of 4.92 per cent in the last year, I .e. the valuation is below 95.08 per cent in the last year, at a historical low.

New Energy 50ETF closely tracks the China Securities Mainland New Energy Theme Index. The China Securities Mainland New Energy Theme Index selects new energy from the securities of listed companies involved in new energy production, new energy storage, and new energy vehicles in the Shanghai and Shenzhen markets. 50 samples with larger business scale and better profits are used as index samples to provide the market with diversified investment targets.

data show that as of November 30, 2023, the top 10 heavyweights in the China securities mainland new energy theme index (000941) are Ningde era (300750), Longji green energy (601012), sunshine power (300274), special electrician (600089), China nuclear power (601985), tongwei shares (600438), three Gorges energy (600905), TCL central (002129), yiwei lithium energy (300014) and tianqi lithium industry (002466), the top ten weighted stocks together accounted for 56.15 per cent.

Galaxy Securities pointed out that domestic and foreign continued to force new energy, long-term good. Relevant policies announced that by 2025, the proportion of non-fossil energy consumption will reach about 20%, and electric energy will account for about 30% of terminal energy consumption. On December 14, 2023, the 198 parties to the COP28 meeting of the United Nations Framework Convention on Climate Change reached the UAE Consensus, proposing to control the 1.5°C warming target within the achievable range, and to achieve renewable energy by 2030. The new goal of tripling the power generation capacity of energy. We believe that the goal of developing new energy at home and abroad remains unchanged, and we are firmly optimistic about the broad growth space of new energy and the overseas market dividends of Chinese enterprises.

New Energy 50ETF(516270), OTC Link (Class A: 014303; Class C: 014304).