新能源主题基金回暖机构研判新一轮景气周期已至

Core Viewpoint - The performance of new energy theme funds has significantly rebounded after a period of adjustment, with an average net value increase of 41.33% over the past year, indicating the start of a new economic cycle in the sector [2]. Group 1: Fund Performance - New energy theme funds have shown an average net value increase of 41.33% over the past year, with several products exceeding a 60% increase [2]. - Specific funds such as GF Carbon Neutral Theme Mixed Fund A, Huafu New Energy Stock Fund A, and others have reported net value increases above 60% [2]. Group 2: Investment Opportunities - Fund managers are optimistic about structural opportunities in sub-sectors like energy storage and wind power, suggesting a long-term investment perspective focused on leading companies with core competitiveness [2][3]. - Two types of companies are highlighted for investment: leading firms with strong competitive advantages and growth capabilities, and core material companies facing critical supply-demand turning points [3]. Group 3: Sector Insights - The energy storage sector is expected to see performance realization due to an improving supply-demand landscape, driven by global energy transition and AI development [4]. - The wind power sector is experiencing strong global installation demand, with potential for growth in China's wind power supply chain and improved profitability as bidding prices for new projects rise [4]. Group 4: Investment Strategy - Investment in the new energy sector should consider long-term growth potential and clear industry trends, while avoiding linear extrapolation and focusing on key contradictions in supply-demand dynamics [5]. - Diversification is recommended to manage risks associated with new technologies, such as solid-state batteries, which have significant uncertainties [5].