As of 14:24 on April 9, 2025, the CSI Photovoltaic Industry Index (931151) rose 0.48%, the constituent quartz shares (603688) rose 10.02%, the micro nano (688147) rose 7.13%, Kehua Data (002335) rose 5.00%, Crestec (002518) rose 3.77%, and China Southern Power Grid Energy (003035) rose 3.41%. Photovoltaic ETF fund (516180) rose 0.77%, the latest price was 0.52 yuan.

In terms of liquidity, photovoltaic ETF funds changed hands by 7.13% intraday, with a turnover of 4.0563 million yuan. In the long run, as of April 8, the average daily turnover of photovoltaic ETF funds in the past one year was 4.7738 million yuan.

Recently, the National Development and Reform Commission and the National Energy Administration jointly issued the "Guiding Opinions on Accelerating the Development of Virtual Power Plants" (Fagai Energy [2025] No. 357), which proposes: 1) Virtual power plants are power operation organization models that aggregate distributed power sources, adjustable loads, energy storage and other scattered resources, and participate in power system optimization and power market transactions as a new type of business entity. Virtual power plants play an important role in enhancing the capacity of power supply, promoting the consumption of new energy, and improving the power market system. In terms of system operation, it can provide a variety of regulation services such as peak regulation, frequency regulation, and standby. In terms of market transactions, decentralized resources can be aggregated to participate in market transactions. 2) Accelerate the overall participation of virtual power plants in the medium and long-term power market and spot market transactions as a new type of resource aggregation business entity, and clarify the corresponding calculation principles for electricity and electricity charges。

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 1.62 times, which is lower than the index of more than 85.93% in the past 1 year, and the valuation is cost-effective.

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

The

PV ETF fund 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 March 31, 2025, the top ten weighted stocks of the CSI Photovoltaic Industry Index (931151) are LONGi Green Energy (601012), Sungrow Power Supply (300274), TCL Technology (000100), TBEA (600089), Tongwei (600438), TCL Zhonghuan (002129), JinkoSolar (688223), Chint Electric (601877), Deye (605117), JA Solar Technology (002459), the top 10 weighted stocks together accounted for 55.78%.

The

CSI New Materials ETF Index Fund closely tracks the CSI New Materials Thematic Index, which selects 50 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 themes.

According to the data, as of March 31, 2025, the top ten weighted stocks of the CSI New Materials Theme Index (H30597) are CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), LONGi Green Energy (601012), Sanhuan Group (300408), Tongwei (600438), Huayou Cobalt (603799), San'an Optoelectronics (600703), GEM (002340), Baofeng Energy (600989), the top ten weighted stocks accounted for 52.75%.

Related Products:

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

New Materials ETF Index Fund (516890).