CSI Solar(SH:688472) Xin Lang Cai Jing·2026-01-20 03:43Core Viewpoint - The stock of Arctech Solar Holdings Co., Ltd. experienced a decline of 5.04% on January 20, closing at 16.76 CNY per share with a trading volume of 1.107 billion CNY and a turnover rate of 4.73%, resulting in a total market capitalization of 61.059 billion CNY [1] Company Overview - Arctech Solar Holdings Co., Ltd. is a major global manufacturer of photovoltaic (PV) modules, established on July 7, 2009, and listed on June 9, 2023. The company focuses on the research, production, and sales of crystalline silicon PV modules, aiming to provide reliable, technologically advanced, and cost-effective products [2] - The company's business extends into PV application solutions, including PV system business, large-scale energy storage systems, and EPC services for PV power plants. The PV system business primarily involves the production and sales of distributed PV system products and components, including distributed energy storage systems. The large-scale energy storage systems are designed for grid-side and power-side applications, mainly for ground-mounted PV power plants [2] - As of the end of 2021, the company's revenue composition was as follows: PV module product revenue accounted for 68.22%, energy storage system product revenue 21.04%, PV system product revenue 6.05%, construction contract revenue 2.57%, and other revenue 2.12% [2] Fund Holdings - According to data, the Hongtu Innovation Fund holds a significant position in Arctech, with the Hongtu Innovation Technology Innovation Stock (LOF) (501201) holding 222,400 shares, representing 3.21% of the fund's net value, making it the tenth largest holding. The estimated floating loss for today is approximately 198,000 CNY [3] - The Hongtu Innovation Technology Innovation Stock (LOF) (501201) was established on July 23, 2020, with a latest scale of 93.1671 million CNY. Year-to-date returns are 6.6%, ranking 2312 out of 5542 in its category; the one-year return is 74.48%, ranking 349 out of 4235; and since inception, the return is 60.61% [3]