光伏50ETF（159864）涨超3%，行业数据与政策调整带动产业链价格回暖

Group 1 - The Ministry of Industry and Information Technology and the National Energy Administration proposed to promote the orderly exit of backward photovoltaic production capacity, strengthen technological innovation, and guide the high-quality development of the industry [1] - In June, the domestic newly installed photovoltaic capacity was 14.36 GW, down 38% year-on-year and 85% month-on-month, mainly due to the end of the "531" policy rush and some projects being delayed due to unclear returns [1] - The annual installation is still expected to grow, with forecasts of 270-300 GW and 570-630 GW for domestic and global installations respectively by 2025 [1] Group 2 - The energy consumption standard for polysilicon is expected to be significantly raised, with the revised first-level standard set at ≤5 kgce/kg, currently only met by granular silicon enterprises [1] - The photovoltaic glass segment has begun to reduce production due to oversupply, with inventory decreasing by 9.1% week-on-week, and rising raw material prices driving demand for component stockpiling [1] - Recent signals against excessive competition have been released, and under the current industry loss conditions, photovoltaic glass prices may rise to near cost price, promoting profit recovery [1] Group 3 - The Photovoltaic 50 ETF (159864) tracks the photovoltaic industry index (931151), which selects listed companies involved in silicon materials, battery components, and photovoltaic power generation systems to reflect the overall performance of the photovoltaic industry chain [2] - The photovoltaic industry index exhibits high growth and volatility characteristics, serving as an important tool for investors to allocate resources in the renewable energy and sustainable development sectors [2] - Investors without stock accounts can consider the Guotai CSI Photovoltaic Industry ETF Initiated Link A (013601) and Link C (013602) [2]