截至2025年9月8日9:44，国证自由现金流指数上涨0.48%，成分股模塑科技、宁波华翔、东方铁塔、白银有色、环旭电子等领涨。自由现金流ETF(159201)上 涨0.36%，最新价报1.12元。流动性方面，截至9月5日，自由现金流ETF近1月日均成交3.50亿元，居可比基金第一。 从资金净流入方面来看，自由现金流ETF近15天获得连续资金净流入，合计"吸金"7.26亿元。自由现金流ETF最新份额达41.12亿份，自由现金流ETF最新规 模达45.84亿元，均创成立以来新高，领跑同类产品。 数据显示，杠杆资金持续布局中。自由现金流ETF最新融资买入额达710.87万元，最新融资余额达4805.50万元。 费率方面，自由现金流ETF管理费率为0.15%，托管费率为0.05%，费率在可比基金中最低。 跟踪精度方面，截至2025年9月5日，自由现金流ETF近1月跟踪误差为0.066%，在可比基金中跟踪精度最高。 自由现金流ETF紧密跟踪国证自由现金流指数，国证自由现金流指数反映沪深北交易所自由现金流水平较高且稳定性较好的上市公司证券价格变化情况。数 据显示，截至2025年8月29日，国证自由现金流指数前十大权重股 ...

刚进入9月，天气尚未转凉，光伏行业却率先传来一丝寒意。 历时三年多的漫长筹划，正泰电器拆分光伏子公司正泰安能主板上市的计划终是"黄了"，让原本就冷清的光伏IPO战场更添一丝落寞。 IPO终止并不罕见，今年仅上半年就有75家。但大家迫切地想知道，正泰安能上市失败是"个例"，还是整个光伏行业可能将普遍面临的融资难题？ 毕竟光伏行业正处在监管的风口浪尖，近期部委接连开座谈会、出文件，要求光伏企业控产能，这次会是从"融资源头"来个釜底抽薪吗？ 真"主动"还是假"主动"？ 正泰安能的主板IPO，南存辉已经筹划了近三年。 早在22年10月，正泰电器就宣布计划分拆光伏子公司上市。称，"正泰安能为公司合并范围内唯一的户用光伏业务运营主体，其业务领域、运营方式与公 司其他业务之间保持较高的独立性"。 并表示，本次筹划分拆上市有利于进一步提升正泰安能的品牌影响力和市场竞争力，拓宽其融资渠道，增强公司及控股子公司的盈利能力和核心竞争力。 因"业绩恶化"终止上市的很常见，因"业绩增速快"而主动放弃上市的算是独一份。 事实上，如果不是迫不得已，正泰集团董事长南存辉不太可能"主动"撤回IPO。 一方面，正泰安能及正泰集团之前跟等多个投资 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月1日，正泰安能及其保荐人撤回发行上市申请，上交所终止审核。正泰安能控股股东为国产低压电器 龙头正泰电器（601877.SH），正泰电器直接和间接持有正泰安能64.13%股权，南存辉为实际控制人。 关于分拆上市终止的原因，正泰电器在公告中称，鉴于正泰安能业务发展较好、业绩增速快，为统筹安 排公司业务发展，经公司综合判断当前市场环境等因素考虑，与相关各方充分沟通及审慎论证后，公司 决定终止分拆正泰安能至上交所主板上市，并撤回相关上市申请文件。 招股书显示：正泰安能成立于2015年，自成立以来即专注于户用光伏业务，稳居行业第一，截至2024 年末累计开发超过160万座户用光伏电站，市场区域覆盖29个省、自治区、直辖市，超1900个区县。 据正泰安能披露，报告期各期（2022年至2024年，下同），公司新增户用光伏电站并网装机容量分别为 7.54GW、12.53GW和13.60GW，复合增长率达到34.30%，新增户用光伏电站并网装机容量始终保持行 业第一。 2022年至2024年，正泰安能的营业收入分别为137.04亿元、296.06亿元 ...

上市企业：阳光电源(300274)、浩云科技(300448)、天合光能(688599)、晶科科技(601778)、欧普泰 (836414)、林洋能源(601222)、正泰电器(601877) 内容概要：光伏运维是光伏产业链中的重要一环，直接决定电站的安全性与收益率。光伏电站系统由逆 变器、太阳能电池组件、配电箱、汇流箱、支架和连接导线等组成。其中任何一个环节出现问题，都会 影响电站发电，轻则损失发电量，重则引起火灾造成损失，光伏电站运维的重要性和意义不容忽视。光 伏电站运维模式一般分为资产委托、运维全业务委托、代运维劳务委托三种模式，客户可根据不同的资 产分类、建设地点、安装形式综合评估进行选择委托。光伏产业迅速发展，对光伏运维市场需求不断增 加，带动市场规模稳步增长。2024年中国光伏运维市场规模约为366.5亿元，同比增长42%。其中集中 式光伏运维市场规模为194.1亿元，分布式光伏运维市场规模172.4亿元。近年来，在装机规模不断扩 大、光伏技术不断进步、智能技术加速应用、市场竞争较为激烈等因素驱动下，我国光伏系统运维成本 不断下滑，进一步提升了光伏发电的经济性。数据显示，2024 年，分布式光伏系统 ...

Group 1: Company Developments - Chint Aneng has decided to withdraw its application for listing on the Shanghai Stock Exchange, citing strong business performance and overall company considerations [1] - The withdrawal of the IPO application is not seen as a setback but rather as a new starting point for the company to refocus and restructure its capabilities [7] - The company aims to transition from a leader in household photovoltaic systems to a global leader in comprehensive energy services [7] Group 2: Industry Trends - China is a strong advocate for green development, with plans to implement significant renewable energy projects in collaboration with other countries [2] - The renewable energy generation capacity in China has increased significantly, with the share of renewable energy in total power generation rising from 40% to approximately 60% [2] - Distributed photovoltaic systems have become a key driver for improving livelihoods, with over 4 million kilowatts of new installations since the 14th Five-Year Plan, benefiting farmers financially [3][4] Group 3: Market Opportunities - The household photovoltaic market in China has over 1600 GW of development potential, with a current market penetration of only about 10% [4] - The rapid growth of advanced manufacturing and digital industries is expected to further increase electricity demand, expanding the market for distributed photovoltaics [4] - Chint Aneng is strategically positioning itself in the comprehensive energy service sector, integrating distributed energy, smart grids, and storage technologies [5][6]

2 0 2 5年9月1日，正泰电器（股票代码：6 0 1 8 7 7）发布公告称，经公司审慎决策，决定主动撤 回控股子公司正泰安能至上海证券交易所主板上市的申请。该决定主要基于正泰安能业务发 展较好、业绩增速快及公司业务发展整体考量。公告显示，此次撤回申请不会对公司生产经 营活动和财务状况产生重大不利影响。有市场分析认为，此举或与正泰安能净利润规模接近 分拆监管上限有关。 政策持续赋能，绿色转型加速推进 在全球能源革命浪潮中，中国始终是绿色发展的坚定推动者。9月1日"上海合作组织+"会议提 到 ， 在 未 来 5 年 同 上 海 合 作 组 织 其 他 国 家 一 道 实 施 新 增 " 千 万 千 瓦 光 伏 " 和 " 千 万 千 瓦 风 电 " 项 目。这不仅彰显了中国在全球绿色治理中的领导力，更为新能源产业开辟了国际化合作新空 间。 如今，中国已构建起全球最大、发展最快的可再生能源体系。"十四五"规划以来，从能源生 产角度看，我国可再生能源发电装机占比由4 0%提升至6 0%左右，风电光伏合计装机由2 0 2 0 年的5 . 3亿千瓦增加到今年7月底的1 6 . 8亿千瓦，年均增速2 8%，发展速度和 ...

Group 1 - The core viewpoint of the article highlights the significant role of tax incentives and government support in promoting the development of the renewable energy sector, particularly for companies like Zhengtai Photovoltaic [1][2] - Zhengtai Photovoltaic has benefited from tax reductions amounting to 22 million yuan over the past three years, which has allowed the company to invest in upgrading photovoltaic components and improving energy efficiency [2] - The local tax authority has established a specialized team to provide tailored guidance to companies in the renewable energy sector, ensuring compliance with tax regulations and maximizing the benefits of available policies [1][3] Group 2 - The implementation of the water resource tax starting December 1, 2024, has prompted Zhengtai Photovoltaic to enhance its understanding of tax compliance, aided by the local tax bureau's proactive support [3] - The company has made significant investments in environmental protection equipment, which not only reduces pollutant emissions but also reinforces its commitment to green development [4] - Zhengtai Photovoltaic's 100MW solar power station is projected to save approximately 59,100 tons of standard coal and reduce carbon dioxide emissions by about 162,300 tons annually, contributing to ecological protection and sustainable development in Jinchang City [4]

截至2025年9月5日9:42，国证自由现金流指数上涨0.1%，成分股安孚科技上涨7.79%，华域汽车、横店东磁、大洋电机、春风动力等跟涨。自由现金流 ETF(159201)多空胶着。流动性方面，截至9月4日，自由现金流ETF近1月日均成交3.49亿元，排名可比基金第一。 从资金净流入方面来看，自由现金流ETF近14天获得连续资金净流入，合计"吸金"7.25亿元。自由现金流ETF最新份额达41.11亿份，创成立以来新高，位居 可比基金第一。 跟踪精度方面，截至2025年9月4日，自由现金流ETF近1月跟踪误差为0.066%，在可比基金中跟踪精度最高。 自由现金流ETF紧密跟踪国证自由现金流指数，国证自由现金流指数反映沪深北交易所自由现金流水平较高且稳定性较好的上市公司证券价格变化情况。数 据显示，截至2025年8月29日，国证自由现金流指数前十大权重股分别为上汽集团、中国海油、美的集团、洛阳钼业、格力电器、中国铝业、正泰电器、上 海电气、厦门国贸和中国动力，前十大权重股合计占比57.95%。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 6001 ...

工业和信息化部、市场监督管理总局印发重磅方案，光伏领域迎利好。 光伏领域迎来政策利好 9月4日，工业和信息化部、市场监督管理总局印发《电子信息制造业2025—2026年稳增长行动方案》，其中指出，在破除"内卷式"竞争中实现光伏等领域高 质量发展，依法治理光伏等产品低价竞争。引导地方有序布局光伏、锂电池产业，指导地方梳理产能情况。实施光伏组件、锂电池产品质量管理，深入落实 《光伏制造行业规范条件》等文件，强化与投资、金融、安全等政策联动，推动行业技术进步。加快研究以强制性国家标准为基础的储能电池产品安全推荐 目录。支持协会商会建立行业自律机制，加强重点行业监测预警和风险提示，有序调整产业规模。 华创证券发布研报称，抢装潮带动2025年上半年装机实现翻倍增长，下半年装机增速预计放缓，但整体来看全年有望在高基数下延续增长。目前光伏行业基 本面逐渐筑底，在政策调控及供需改善预期下，市场风险偏好有所回升，建议关注盈利修复、经营稳健的龙头公司。另一方面，建议关注新技术产业化推进 顺利，有望量利齐升的环节。 | | | 季度社保基金持有的光伏概念股名单 | | | | --- | --- | --- | --- | --- ...

Company Decision - Chint Aneng has decided to withdraw its application for listing on the Shanghai Stock Exchange, primarily due to its strong business performance and growth rate [1] - The withdrawal will not have a significant adverse impact on the company's operations and financial status [1] - Market analysis suggests that this decision may be related to Chint Aneng's net profit nearing the regulatory limit for spin-offs [1] Industry Trends - China has established the world's largest and fastest-growing renewable energy system, with renewable energy generation capacity increasing from 40% to approximately 60% since the start of the 14th Five-Year Plan [3] - The installed capacity of wind and solar power has surged from 530 million kW in 2020 to 1.68 billion kW by July this year, reflecting an annual growth rate of 28% [3] - The majority of photovoltaic equipment manufacturers and over 60% of wind turbine manufacturers are private enterprises, highlighting their crucial role in the renewable energy sector [3] Distributed Photovoltaics - Distributed photovoltaics have become a key driver for improving livelihoods, with over 40 million kW of new installations since the start of the 14th Five-Year Plan, benefiting over 7 million households [4] - This sector is expected to play a significant role in ensuring equitable access to energy development outcomes as part of rural revitalization strategies [4] - The development of distributed photovoltaics is also enhancing the efficiency of power resource allocation by reducing reliance on long-distance transmission [4] Market Potential - The household photovoltaic market in China has over 1600 GW of development potential, with only about 10% market penetration [5] - The rapid growth of advanced manufacturing and digital industries is driving an increase in electricity demand, further expanding the development space for distributed photovoltaics [5] Strategic Positioning - Chint Aneng is positioning itself as a leader in comprehensive energy services, transitioning from a household photovoltaic leader to a global comprehensive energy service leader [6] - The company is focusing on a diversified business model, including innovative solutions for urban households and efficient microgrid solutions for rural and community applications [6][7] - The withdrawal of the IPO application is seen as a new starting point for the company to refocus and enhance its capabilities, aiming to contribute more to the dual carbon goals and global energy transition [8]