“反内卷”推动行业良性发展，鹏华科创新能源ETF聚焦光伏、风电等领域优质上市公司-基金-金融界

Group 1 - The National Development and Reform Commission and the State Administration for Market Regulation are soliciting opinions on the draft amendment to the Price Law, which aims to improve the recognition standards for low-price dumping and regulate market price order, addressing "involution" competition [1] - The "anti-involution" policy is expected to be a key driver for the long-term profit recovery in the new energy industry as it progresses [2] - The Penghua CSI Science and Technology Innovation Board New Energy ETF (588830) is gaining attention as the first ETF product to focus on both the "Science and Technology Innovation Board" and "New Energy" sectors [1] Group 2 - The Penghua CSI Science and Technology Innovation Board New Energy ETF tracks the CSI Science and Technology Innovation Board New Energy Theme Index, which selects 50 large-cap listed companies in the photovoltaic, wind power, and new energy vehicle sectors [1] - As of September 5, the total net value growth rate of the Penghua Science and Technology Innovation Board New Energy ETF since its establishment on July 31, 2024, is 47.58% [1] - The photovoltaic sector experienced a record high of 92.92 GW in new installations in May, driven by the "531" rush, but is expected to face demand pressure in the second half of the year [2] Group 3 - The government has emphasized the need to address "involution" competition, which is expected to benefit the new energy industry by promoting healthy development [2] - The current profitability of both the photovoltaic and lithium battery sectors is at a low point, with the photovoltaic sector experiencing significant losses [2] - The "anti-involution" policy may change the previous growth logic that relied on price wars, benefiting leading new energy vehicle companies with strong brand, technology, delivery, and supply chain management capabilities [2] Group 4 - Penghua Fund is actively participating in the construction of the science and technology innovation market and has expanded its product offerings significantly, including the launch of various ETFs [3] - As of September 4, 2025, Penghua Fund has laid out 11 science and technology ETFs, covering a wide range of categories, making it a leader in the industry [3]