LEAD INTELLIGENT(SZ:300450) Mei Ri Jing Ji Xin Wen·2025-09-02 04:50Group 1 - The A-share market is under pressure, with the Shanghai Composite Index down 1.09%, Shenzhen Component down 2.12%, and ChiNext down 2.30% as of 11:18 AM on September 2 [1] - The Huaxia New Energy ETF (159368) has seen a slight decline of 1.41%, but its holdings, particularly leading company QianDao Intelligent, have surged over 9% [1] - The Huaxia New Energy ETF has attracted significant capital, with 7.22 million yuan raised yesterday and 14.3 million yuan over the past five days [1] Group 2 - The Huaxia New Energy ETF (159368) is the first ETF in the market tracking the ChiNext New Energy Index, covering sectors such as batteries, photovoltaics, and semiconductors, which are highly elastic and growth-oriented [2] - The management fee for the Huaxia New Energy ETF is 0.15%, and the custody fee is 0.05%, totaling only 0.2%, making it the lowest fee among similar products [2] - The ETF aligns well with the structural changes in the industry and the "anti-involution" policy, suggesting a favorable investment opportunity in the future of the new energy sector [2] Group 3 - The photovoltaic industry is showing signs of "anti-involution" effectiveness, with significant price increases in silicon materials and wafers since early July, and a recovery in battery and module prices [1] - Supply-side reforms in the photovoltaic industry are expected to deepen, focusing on silicon materials as a core area, with energy consumption control and capacity storage to constrain outdated production [1] - The introduction of new technologies is anticipated to accelerate the elimination of outdated production capacity, with recommendations to focus on the BC industry chain, leading TOPCon companies, and key auxiliary material leaders [1]