by the noon close on January 18, 2024, the China securities photovoltaic industry index (931151) had closed up 1.94, the constituent TCL central (002129) had a strong trading limit, aixu shares (600732) had closed up 7.72, jingao technology (002459) had closed up 6.51, Hongyuan green energy (603185), junda shares (002865) and other stocks followed suit. Photovoltaic ETF Ping An (516180.SH) closed up 1.97 in early trading, with the latest price at 0.73 yuan. The intraday turnover has reached 7.7183 million yuan, with a turnover rate of 9.5 percent and active market trading.

In terms of net capital inflow, PV ETF Ping An (516180.SH) achieved net capital inflow for two consecutive trading days, "absorbing" 2.18 million yuan.

On the news side, according to statistics from relevant agencies, in January 2024, the global PV module production schedule was 49GW (of which the domestic production schedule was 42GW), and the operating rate of module manufacturers was better than expected. The agency expects 474GW of new PV installations worldwide in 2024, up 16% year-on-year. The industrial end of the photovoltaic industry is expected to achieve further recovery.

Guosheng Securities pointed out that the outlook for 2024, monetary easing, fiscal power, economic repair in the context of the judgment of domestic and foreign interest rate policy to improve, interest rates are expected to go down, photovoltaic terminal IRR continues to improve to stimulate demand to rise further.

Shanghai Securities pointed out that after a long-term adjustment, the overall price of the photovoltaic industry chain is at the bottom, and the overall price has stabilized, and the price of P-type cells has rebounded slightly. Looking ahead, on the demand side, the downward price of silicon is expected to drive down the cost of raw materials to the downstream transmission, the future low-cost components are expected to further generate end demand. On the supply side, the overall financing of photovoltaics tends to tighten. In the environment of tightening financing, superimposed BC batteries and other new technologies continue to break through, the photovoltaic industry substantial, repetitive capacity expansion is expected to come to an end, the future of the industry's new capacity gradually to their own good hematopoietic capacity of the leader and new technology breakthrough faster enterprise concentration, the industry's overall competitive landscape for the better.

photovoltaic ETF ping an (516180.SH) ping an closely tracks the China securities photovoltaic industry index. the China securities photovoltaic industry index selects no more than 50 most representative listed company securities as index samples 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 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.

PV ETF Ping An (516180.SH) and related index funds (Class A 012722/Class C 012723) provide investors with over-the-counter participation opportunities to seize investment opportunities in the PV sector.