光伏板块重挫，光伏50ETF（159864）跌超5%

Core Viewpoint - The photovoltaic sector experienced a significant decline, with the photovoltaic 50 ETF (159864) dropping over 5%. However, there is ongoing capital inflow as investors are looking to buy at lower prices [1]. Supply Side - The photovoltaic industry has made positive progress in reducing internal competition, with upstream segments expected to significantly reduce losses in the third quarter [1]. - Key focus areas include the establishment of silicon material storage platforms and production restrictions within the industry [1]. Demand Side - Attention should be paid to the support for photovoltaic installation demand during the 14th Five-Year Plan, the cancellation of export tax rebates, and the enforcement of regulations prohibiting sales below cost [1]. - The ongoing efforts to reduce internal competition on both supply and demand sides are expected to lead to a rapid recovery in the supply-demand relationship within the industry, potentially driving up component prices [1]. Investment Opportunity - The photovoltaic 50 ETF (159864) tracks the CSI Photovoltaic Industry Index, encompassing the entire photovoltaic supply chain, including silicon materials, wafers, components, equipment, and power stations. Investors interested in this sector may consider buying at lower prices [1].