Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-09-24 07:12Core Viewpoint - The A-share market has shown a significant upward trend, particularly in the new energy sector, driven by favorable policies and advancements in solid-state battery technology [1][2]. Market Performance - As of September 24, 2025, the three major A-share indices rose collectively, with the Shanghai Composite Index increasing by 0.77%, the Shenzhen Component Index by 1.55%, and the ChiNext Index by 2.05% [1]. - The ChiNext New Energy ETF (Hua Xia, 159368) surged by 3.58%, with its constituent stocks such as Maiwei Co., Huabao New Energy, and Sunshine Power leading the gains, each rising over 7% [1]. - Over the past five trading days, the ChiNext New Energy ETF attracted 293 million yuan, and 550 million yuan over the last ten days, indicating strong investor interest [1]. Policy Developments - Recent policies have favored solid-state batteries, with the National Energy Administration and other ministries releasing guidelines that prioritize the development of long-life, wide-temperature range, low-degradation lithium and sodium batteries, as well as solid-state battery technologies [1]. - The Ministry of Industry and Information Technology and other departments have introduced an action plan for the high-quality development of new energy storage manufacturing, aiming for small-scale production of all-solid-state batteries by 2027 [1]. Industry Insights - Huaxi Securities highlighted that the upgrade and iteration of battery technology are crucial for expanding terminal demand, with solid-state batteries emerging as a definitive next-generation battery technology due to their high energy density and safety [2]. - The ChiNext New Energy ETF (Hua Xia, 159368) is the first ETF in the market tracking the ChiNext New Energy Index, featuring the largest scale at 824 million yuan and the highest trading volume with an average daily turnover of 60.31 million yuan over the past month [2]. - The ETF has a storage content of 51% and a solid-state battery content of 23.6%, aligning well with current market trends [2].