光伏是本轮“反内卷”的核心阵地，创业板新能源ETF华夏（159368）上涨0.4%

Core Insights - The A-share market showed mixed performance on July 31, 2025, with the Shanghai Composite and Shenzhen Component indices declining, while the ChiNext index rose by 0.54% [1] - The Central Financial Committee's recent meeting emphasized a "de-involution" strategy, particularly targeting the photovoltaic industry, which is facing issues of low-price competition and overcapacity [1] - CITIC Securities highlighted that the photovoltaic sector is central to the "de-involution" initiative, suggesting that a market-oriented approach could lead to price recovery and improved profitability in the industry [1] - Technological innovation is deemed essential for overcoming homogenized competition in the photovoltaic sector, with companies that have product differentiation and brand strength expected to see performance recovery and long-term growth [1] Industry Summary - The ChiNext New Energy ETF Huaxia (159368) is the first ETF in the market tracking the ChiNext New Energy Index, which includes solar, wind, biomass, and nuclear energy, as well as components of the new energy vehicle industry [2] - The ETF has a management fee of 0.15% and a custody fee of 0.05%, totaling 0.2%, making it one of the lowest fee options in its category, facilitating quick investment opportunities in the new energy sector [2] - The ETF aims to provide dual drivers of elasticity and growth for investors looking to capitalize on future opportunities in the new energy market [2]