交投活跃，单日净申购超6亿份！光伏ETF（515790）最新份额近190亿份，创历史新高

Core Viewpoint - The commencement of the "Yarlung Tsangpo River Downstream Hydropower Project" is expected to stimulate the photovoltaic (PV) sector, enhancing economic vitality and increasing the consumption ratio of solar energy [1][2]. Group 1: Market Performance - The photovoltaic sector has shown strong performance following the announcement of the hydropower project, with significant capital inflow into related stocks and products [1]. - The leading photovoltaic ETF (515790) recorded a net subscription of 670 million shares and a net inflow of 496 million yuan on July 22, 2025, setting a new single-day record for capital inflow in 2025 [1]. - The trading volume of the photovoltaic ETF reached 1.254 billion yuan on the same day, a substantial increase of 98.66% compared to the previous period, with an average daily trading volume of 817 million yuan in July [1]. Group 2: Industry Outlook - The "Yarlung Tsangpo Project" is anticipated to boost local multi-industry development, which may enhance the consumption of photovoltaic energy [2]. - The project could facilitate the sharing of transmission infrastructure between hydropower and photovoltaic energy, potentially reducing transmission costs and addressing the challenges of solar energy delivery [2]. - The photovoltaic ETF (515790) tracks an index that includes up to 50 representative companies across the solar industry, with top holdings including leading firms such as Sungrow Power, LONGi Green Energy, and TCL Technology [2]. - The ETF is the only product in the A-share market with a scale exceeding 10 billion yuan, indicating strong liquidity and investor interest, with over 220,000 investors holding shares [2].