As of 10:49 on January 15, 2025, the photovoltaic ETF Ping An (516180) rose 0.67%, hitting three consecutive gains. The latest price is 0.6 yuan, and the intraday turnover continues to widen. The CSI Photovoltaic Industry Index (931151) rose 0.33%, the constituent stocks Follett (601865) rose 10.02%, Foster (603806) rose 4.63%, Junda (002865) rose 4.00%, JA Solar Technology (002459) rose 3.90%, and Daqo Energy (688303) rose 3.89%.

In the long run, as of January 14, 2025, the photovoltaic ETF Ping An has risen by 6.98% in the past six months. It is worth noting that the valuation of the CSI Photovoltaic Industry Index tracked by the fund is at a historical low, with the latest price-to-book ratio of 1.86 times, which is lower than the index of more than 87.8% in the past three years, and the valuation is cost-effective.

On the news side, on January 14, China's first million-kilowatt residential virtual power plant was launched in Jiangsu, aiming to integrate high-power smart appliances in the homes of a large number of residents in the province into the cloud virtual energy pool, cooperate with the characteristics of new energy power generation to carry out flexible deployment, and help the green and low-carbon transformation of the whole society.

CITIC Futures pointed out that the growth rate of installed capacity at home and abroad was in line with expectations. The reduction of the red line of the consumption rate helped China's wind and solar base projects to accelerate production, with nearly 206.3GW of installed capacity in the first 11 months, up 13.79% month-on-month and 25.88% year-on-year. The progress of overseas installations is basically in line with expectations, and the global installed capacity is expected to be about 470GW in 2024 and about 530GW in 2025. Cell and module production cuts continued before the holiday, and prices remained stable. In the long run, as demand continues to grow, the relationship between supply and demand in the industrial chain will gradually improve.

Investors can take advantage of the photovoltaic ETF Ping An (516180) and the new materials ETF Ping An (516890) to grasp investment opportunities in related industries.

The PV ETF closely tracks the CSI Photovoltaic Industry Index, which selects no more than 50 of the most representative securities of listed companies from the securities of listed companies whose main business involves the upstream, midstream and downstream of the photovoltaic industry chain as the index sample to reflect the overall performance of the securities of listed companies in the photovoltaic industry.

According to the data, as of December 31, 2024, the top 10 weighted stocks of the CSI Photovoltaic Industry Index (931151) are Sungrow (300274), TCL Technology (000100), LONGi Green Energy (601012), TBEA (600089), Tongwei (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar (002459), Chint Electric (601877), Robotec (300757), the top 10 weighted stocks together accounted for 56.34%.

The CSI New Materials ETF selects 50 securities of listed companies whose business involves basic materials such as advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and key strategic materials as the index sample to reflect the overall performance of the securities of listed companies with new materials theme.

According to the data, as of December 31, 2024, the top 10 weighted stocks in the CSI New Materials Theme Index (H30597) are CATL (300750), Wanhua Chemical (600309), North Huachuang (002371), LONGi Green Energy (601012), Tongwei (600438), Sanhuan Group (300408), San'an Optoelectronics (600703), Huayou Cobalt (603799), Baofeng Energy (600989), GEM (002340), the top ten weighted stocks accounted for 53.97%.

Related Products:

Photovoltaic ETF Ping An (516180), Ping An Photovoltaic Index Fund (Class A: 012722; Category C: 012723);

New Materials ETF Ping An (516890).