光伏设备回调，光伏ETF（159857）盘中净申购超1.2亿份，机构：产业需求的改善有望提前到来

Group 1 - The three major indices collectively declined, with the photovoltaic equipment sector leading the market downturn, as the CSI Photovoltaic Industry Index fell by 4.95% [1] - Among the index constituents, GCL-Poly Energy rose over 5%, JinkoSolar increased by over 4%, and Jilin Electric Power gained over 2% [1] - The photovoltaic ETF (159857) dropped by 5.03%, with a trading volume of 284 million yuan and a real-time premium rate of 0.17% [1] Group 2 - The ETF saw a net inflow of 54.487 million yuan on the previous trading day (November 11), marking three consecutive days of net inflows, totaling 228 million yuan [1] - The latest circulating share of the ETF is 3.02 billion shares, with a total market size of 2.754 billion yuan [1] - A research team led by researcher You Jingbi from the Chinese Academy of Sciences has developed a perovskite solar cell prototype with a photoelectric conversion efficiency of 27.2% [1] Group 3 - Zhongyou Securities believes there is a discrepancy in supply and demand expectations in the photovoltaic industry, with ongoing "anti-involution" actions in supply [2] - The demand improvement is expected to arrive earlier, as China officially submitted its 2035 national contributions on November 3, 2025, positioning itself as an active participant in energy transition [2]