“十五五”规划光伏之路！光伏ETF华夏（5151370）今日发售！

Group 1 - The core viewpoint of the articles highlights the significant milestone of 2025 in China's energy transition, marking the end of the "14th Five-Year Plan" and the beginning of the "15th Five-Year Plan" with a focus on the photovoltaic industry as a key component of the green transformation [1] - The policy direction is shifting from expanding installed capacity to enhancing system value and quality control, driven by the "dual carbon" goals [1] - The current core contradiction in the industry has shifted from demand growth to capacity clearance driven by "anti-involution," making the enforcement of policies in 2025, such as the regulation of sales below cost and the implementation of energy consumption standards, a critical variable for transitioning from overcapacity management to value competition [1] Group 2 - The China Securities Photovoltaic Industry Index rose by 1.54% on October 27, 2025, with notable increases in component stocks such as Kstar (up over 9%), Canadian Solar (up over 6%), Tongwei Co., and Sungrow Power (both up over 3%) [1] - The launch of the Huaxia Photovoltaic ETF (515370) on October 27, 2025, is a significant development in the market [2]