Venture(US:VEMLY) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-17 02:14Group 1: Market Overview - On October 17, A-shares opened lower, with the Shanghai Composite Index and ChiNext Index initially turning positive, while the photovoltaic sector experienced a slight pullback [1] - The ChiNext ETF Tianhong (159977) opened lower but rose by 0.06% during the day, with leading stocks including Huace Testing, Ruijie Networks, Jiangbolong, Xinzhoubang, and Yangjie Technology [1] - The photovoltaic ETF (159857) opened lower and fluctuated, down 0.98% with a trading volume exceeding 20 million yuan, indicating active trading [1] Group 2: Photovoltaic Sector Developments - The photovoltaic ETF (159857) received a net subscription of 1 million shares, reflecting investor interest [1] - A significant project, the 350MW tower solar thermal power generation project in Golmud, Qinghai, has commenced construction, representing the largest single-unit scale globally, with a total investment of approximately 5.435 billion yuan [2] - The project will utilize domestically developed tower molten salt storage technology and is expected to be fully operational by September 2027 [2] Group 3: Policy and Industry Dynamics - New photovoltaic production capacity control policies are expected to be introduced, although rumors about a multi-crystalline silicon storage platform have been deemed untrue by industry insiders [2] - The photovoltaic industry is currently facing a supply-demand imbalance, with ongoing efforts to eliminate excess capacity and address issues such as selling below cost [3] - Price increases for silicon materials, silicon wafers, and batteries have been observed, while component prices have limited short-term growth [3]