Sou Hu Cai Jing·2025-07-21 02:18Core Insights - The China Securities National New Central Enterprise Modern Energy Index (932037) has seen a strong increase of 2.20%, with constituent stocks such as China Power Construction (601669) rising by 10.04% and Dongfang Electric (600875) by 9.98% [3] - The Yarlung Tsangpo River downstream hydropower project has officially commenced in Tibet, with a total investment of approximately 1.2 trillion yuan, which is expected to boost the local economy and energy structure [3] Group 1: ETF Performance - The Central Enterprise Modern Energy ETF (561790) has increased by 2.55%, marking its third consecutive rise, with the latest price at 1.13 yuan [3] - Over the past two weeks, the ETF has accumulated a rise of 1.20%, ranking in the top third among comparable funds [3] - The ETF's trading volume showed a turnover rate of 8.27% with a transaction value of 3.9067 million yuan, and it ranked first in average daily trading volume over the past week at 746.33 million yuan [3][4] Group 2: Market Outlook - CITIC Securities anticipates that the ongoing construction of the Yarlung Tsangpo River hydropower project will benefit long-term suppliers of hydropower equipment and core components for power grid transmission [4] - The report highlights a shift in the central government's approach to managing "involution" competition, which is expected to facilitate the exit of outdated production capacity and improve profitability in the solar and lithium battery sectors [4] Group 3: Index Composition - The China Securities National New Central Enterprise Modern Energy Index is designed to reflect the overall performance of 50 listed companies involved in modern energy industries, including green energy and fossil energy [5] - As of June 30, 2025, the top ten weighted stocks in the index accounted for 49.93% of the total, with notable companies including China Yangtze Power (600900) and China Nuclear Power (601985) [5]