as of 10:07 on January 18, 2024, the China securities photovoltaic industry index (931151) rose 2.87 percent, TCL central (002129) rose 9.99 percent, hongyuan green energy (603185) rose 7.56 percent, aixu shares (600732) rose 7.25 percent, jingao technology (002459), longji green energy (601012) and other stocks followed suit. Photovoltaic ETF Index Fund (159618) rose 2.32, the latest price of 0.71 yuan.

From the valuation level, the latest price-to-earnings ratio (PE-TTM) of the CSI PV Industry Index tracked by the PV ETF Index Fund is only 11.32 times, which is at a 11.07 per cent in the last year, I .e. the valuation is below 88.93 per cent in the last year and is at an all-time low.

The photovoltaic ETF index fund closely tracks the CSI photovoltaic industry index. The CSI photovoltaic industry index selects no more than 50 of the most representative listed company securities from the securities of listed companies whose main business involves the upper, middle and lower reaches of the photovoltaic industry chain in the Shanghai and Shenzhen markets as index samples to reflect the overall performance of the securities of listed companies in the photovoltaic industry in the Shanghai and Shenzhen markets.

The data shows that as of December 29, 2023, the top ten heavyweights in China Securities Photovoltaic Industry Index (931151) are Longji Green Energy (601012), Sunshine Power (300274), TCL Technology (000100), TBEA (600089), Tongwei Stock (600438), TCL Central (002129), Jingao Technology (002459), Trina Solar Energy (688599), Jingsheng Electromechanical (300316) and Zhengtai Electric (601877), with the top ten heavyweights accounting for 56.44.

Relevant agencies said: driven by the industrial chain to reduce costs and increase efficiency, photovoltaic technology is rapidly iterating, and with the continuous increase in the scale of global photovoltaic installations, the demand for photovoltaic equipment is high. It is recommended to pay attention to the sub-segment equipment leader with structural growth opportunities.

PV ETF Index Fund (159618), OTC Linked (Class A: 013105; Class C: 013106).