Venture(US:VEMLY) Ge Long Hui·2025-10-29 08:33Core Viewpoint - The news highlights a significant surge in the renewable energy sector, particularly in the photovoltaic and battery industries, with various ETFs experiencing substantial gains, indicating strong market performance and investor interest in these sectors [1]. Group 1: Market Performance - The A-share market saw a strong performance with the Shanghai Composite Index closing at 4016 points, up 0.7%, while the Shenzhen Component Index and the ChiNext Index rose by 1.95% and 2.93%, respectively [1]. - The total market turnover reached 2.29 trillion yuan, an increase of 125.4 billion yuan compared to the previous trading day, with nearly 2700 stocks rising [1]. Group 2: ETF Performance - The photovoltaic ETF increased by over 8%, while other ETFs such as the Battery 50 ETF, New Energy ETF, and Carbon Neutrality ETF rose by more than 6%, and the Energy Storage Battery ETF gained 5.95% [1]. - The photovoltaic ETF tracks the CSI Photovoltaic Industry Index, focusing on leading companies across the entire photovoltaic supply chain, benefiting from global energy storage developments and domestic market trends [1]. Group 3: Industry Developments - The "14th Five-Year Plan" emphasizes the development of new energy storage, which is expected to enhance the market and pricing mechanisms for the new energy system, leading to significant growth in the storage industry [2]. - The solid-state battery technology is advancing, with companies like XINWANDA and BAK Battery showcasing innovations that improve energy density and performance, indicating a shift towards mass production and application in electric vehicles and energy storage [3][4]. - The domestic energy storage battery shipment volume increased by over 60% year-on-year in Q3, with the total shipment volume for the first three quarters surpassing 30% of last year's total, indicating strong demand and production capacity in the sector [4].