国家统计局：2025年12月规上工业太阳能发电增长18.2%，光伏ETF（159857）盘中获净申购6400万份，成交额破1.7亿元居深市同标的第一

Group 1 - The photovoltaic sector is experiencing significant activity, with the photovoltaic ETF (159857) achieving a trading volume exceeding 170 million yuan, making it the top product in the Shenzhen market for similar assets [1] - As of January 16, the ETF has a circulating share of 2.234 billion shares and a market size of 2.004 billion yuan, with a net subscription of 64 million shares reported [1] - The National Bureau of Statistics reported that the industrial power generation volume in December 2025 reached 858.6 billion kilowatt-hours, showing a year-on-year growth of 0.1% [1] Group 2 - By category, coal power generation in December 2025 decreased by 3.2% year-on-year, while hydropower, nuclear power, wind power, and solar power generation increased by 4.1%, 3.1%, 8.9%, and 18.2% respectively [1] - Zheshang Securities believes that technological breakthroughs are addressing the core contradiction of "efficiency-stability" in flexible tandem solar cells, achieving an efficiency of 33.6% along with excellent bending and light stability [1] - Dongxing Securities suggests that space photovoltaics may become the second growth curve for the photovoltaic industry, driven by the demand explosion from low-orbit satellite networks [1]