基于12410支基金2025年一季报的前十大持仓的定量分析：25Q1基金持仓深度：电新重仓Q1总体下降，电动车、光伏、储能、风电、电网板块均下降，工控板块上升

Investment Rating - The report maintains an "Increase" rating for the industry [1] Core Insights - The overall holdings in the new energy sector have decreased, with specific declines noted in electric vehicles, photovoltaics, energy storage, wind power, and the power grid sectors, while the industrial control sector has seen an increase [1] - The proportion of holdings in the new energy vehicle sector decreased to 5.20%, down 0.09 percentage points from the previous quarter [21] - The photovoltaic sector's holdings fell to 3.33%, a decrease of 0.80 percentage points [32] - The wind power sector's holdings decreased to 2.84%, down 0.27 percentage points [36] - The power equipment sector's holdings dropped to 1.95%, a decline of 0.18 percentage points [4] - The energy storage sector's holdings decreased to 7.80%, down 0.61 percentage points [5] Summary by Sections New Energy Vehicles - Overall holdings decreased, with upstream lithium mining and charging piles declining, while core components and new technologies saw an increase [24] - Upstream lithium mining holdings fell to 1.64%, down 0.56 percentage points [25] - Midstream holdings decreased to 8.86%, down 0.98 percentage points, with increases in structural components and additives [27] - Core components and complete vehicles saw an increase, while charging piles decreased [28] - New technology holdings rose to 1.68%, up 0.89 percentage points, with sodium batteries and composite current collectors increasing [29] New Energy - The photovoltaic sector's holdings decreased to 3.33%, down 0.80 percentage points, with silicon wafer and battery holdings increasing while silicon material and inverter holdings decreased [32] - The wind power sector's holdings decreased to 2.84%, down 0.27 percentage points, with increases in tower and sea pile holdings [36] - The nuclear power sector's holdings fell to 0.64%, down 0.07 percentage points [38] Industrial Control & Power Equipment - The industrial control and power electronics sector's holdings increased to 5.69%, up 0.01 percentage points [4] - The power equipment sector's holdings decreased to 1.95%, down 0.18 percentage points [4] Energy Storage - Overall holdings in the energy storage sector decreased to 7.80%, down 0.61 percentage points, with a decline in storage batteries and PCS, while temperature control and fire protection saw an increase [5]