2025年光伏装机呈“前高后低再修复”态势，光伏ETF嘉实(159123)近期获资金持续关注

Group 1 - The core viewpoint of the articles highlights the stability and potential growth in the photovoltaic (PV) industry, with a focus on production and installation trends for solar components and systems [1][2][3] Group 2 - As of November 2025, the China Securities PV Industry Index saw a 0.85% increase, with significant gains from major stocks such as Maiwei Co. (+13.93%) and Jiejia Weichuang (+5.55%) [1] - In the second half of 2025, the production of PV components has been relatively stable, with an expected production of less than 44.5 GW in November, indicating a potential for profit recovery and increased production following price rebounds [1] - The new installed capacity for PV systems from January to October 2025 reached 252.9 GW, a year-on-year increase of 39.5%, with expectations for total new installations for the year to reach between 270-300 GW [1] - The top ten weighted stocks in the China Securities PV Industry Index account for 61.01% of the index, including major players like Sungrow Power Supply and Longi Green Energy [2] - The PV ETF by Harvest (159123) provides a convenient tool for investors to gain exposure to the entire PV industry chain [2][3]