as of 10:11 on March 11, 2024, the China securities photovoltaic industry index (931151) rose 2.25 percent, the constituent shares deye (605117) rose 7.90 percent, fullett (601865) rose 7.26 percent, shangneng electric (300827) rose 6.17 percent, sunshine power (300274), otvey (688516) and other stocks followed. Photovoltaic ETF Fund (159863) rose 2.23, with intraday turnover reaching 4.2241 million billion yuan.

From the valuation level, the latest price-to-earnings ratio (PE-TTM) of the CSI PV Industry Index tracked by the PV ETF fund is only 11.62 times, which is in the 10% position in the past 3 years, I .e. the valuation is lower than 90% in the past 3 years, which is at a historical low.

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

The data shows that as of February 29, 2024, 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 57.99.

Dongguan Securities pointed out that recently, the director of the National Energy Administration stated that in the energy field, the key to the development of new quality productivity is to continue to promote the high-quality development of new energy and renewable energy, and focus on accelerating the construction of new energy bases., Actively develop distributed new energy and strengthen the construction of new regulatory power supplies. In addition, the 2024 government work report mentioned that this year to strengthen the construction of large-scale wind power photovoltaic bases and delivery channels, to promote the high level of new energy consumption is expected to become the focus of this year's direction. In 2023, the annual cumulative investment in domestic power grid projects reached 527.5 billion billion yuan, an increase of 5.4 percent over the same period last year, and the investment in power grid projects is expected to be further enhanced this year, and it is recommended to pay attention to UHV, power grid equipment and virtual power plants.