Mei Ri Jing Ji Xin Wen·2025-11-28 01:55Core Viewpoint - The photovoltaic (PV) sector is expected to enter a sustained capacity clearing cycle by 2026, with improvements in product pricing, mergers and acquisitions, and higher industry entry barriers anticipated to enhance the competitive landscape and performance of existing PV companies [1] Industry Summary - On November 28, 2025, the photovoltaic ETF Huaxia (515370) rose by 0.33%, with notable gains from stocks such as Maiwei Co., which increased over 7%, and Hongyuan Green Energy, which rose over 3% [1] - The Tianjin Municipal Committee released recommendations for the 15th Five-Year Plan, emphasizing the optimization of oil, gas, electricity, and heating networks, and the construction of new energy infrastructure including wind, solar, and hydrogen energy [1] - Central China Securities predicts that the competitive landscape of the PV industry will improve, with existing companies showing a gradual performance improvement due to low public fund allocation in the PV sector and an anticipated shift in supply-demand dynamics [1] Company Summary - The Huaxia photovoltaic ETF (515370) tracks the CSI Photovoltaic Industry Index, encompassing upstream, midstream, and downstream companies in the PV industry, including silicon wafers, polysilicon, solar cells, cables, photovoltaic glass, battery modules, inverters, solar brackets, and solar power stations, providing a comprehensive reflection of the overall performance of the PV industry [1]