Core Viewpoint - The Central State-Owned Enterprises Modern Energy ETF has shown significant performance metrics, with a recent decline in index value but notable growth in trading volume and fund size, indicating active market engagement and potential investment opportunities [3][4][5]. Group 1: ETF Performance - As of July 30, 2025, the Central State-Owned Enterprises Modern Energy ETF has achieved a net value increase of 13.86% over the past two years [5]. - The ETF's highest single-month return since inception was 10.03%, with a maximum consecutive monthly gain of 23.43% [5]. - The ETF has a management fee of 0.50% and a custody fee of 0.10%, which are among the lowest in comparable funds [5]. Group 2: Market Activity - The ETF experienced a trading volume of 665.09 million yuan, with a turnover rate of 13.52%, indicating active market participation [3][4]. - Over the past two weeks, the ETF's scale increased by 436.13 million yuan, ranking it in the top third among comparable funds [4]. - The ETF's share count rose by 200,000 shares in the same period, also placing it in the top third of comparable funds [4]. Group 3: Index Composition - The index tracks 50 listed companies involved in modern energy sectors, including green energy and fossil fuels, reflecting the overall performance of state-owned enterprises in this industry [6]. - As of June 30, 2025, the top ten weighted stocks in the index accounted for 49.93% of the total index weight, with notable companies like China National Petroleum and China Power Investment [6].

Core Insights - The Central State-Owned Modern Energy ETF (561790) has shown a significant increase, with a 0.69% rise recently and a 5.98% increase over the past week [3][4] Group 1: ETF Performance - As of July 23, 2025, the Central State-Owned Modern Energy ETF has achieved a net value increase of 9.06% over the past six months [5] - The ETF's highest single-month return since inception was 10.03%, with a maximum consecutive monthly gain of 23.43% [5] - The ETF's management fee is 0.50%, and the custody fee is 0.10%, making it one of the lowest in its category [5] Group 2: Market Activity - The ETF experienced a turnover rate of 22.29% during trading, with a total transaction volume of 12.82 million yuan, indicating active market participation [3] - Over the past week, the ETF's scale increased by 11.78 million yuan, ranking it in the top third among comparable funds [4] Group 3: Energy Sector Developments - In the first half of 2025, coal-fired power approvals remained high, with approximately 31 GW of coal power capacity approved, consistent with the previous year [4] - The approval of pumped storage capacity also remained robust, with 19 GW approved in the first half of 2025, exceeding the previous year's figures [4] - The ongoing approvals for coal and pumped storage projects reflect China's urgent need for regulatory power sources during the energy transition [4] Group 4: Index Composition - The Central State-Owned Modern Energy Index (932037) includes 50 listed companies involved in green energy, fossil energy, and energy transmission, reflecting the overall performance of state-owned enterprises in the modern energy sector [6] - As of June 30, 2025, the top ten weighted stocks in the index accounted for 49.93% of the total index weight, including companies like China Power Construction and China Nuclear Power [6]

Core Insights - The China Securities Index for Modern Energy (932037) has shown a 0.46% increase as of July 4, 2025, with notable gains in constituent stocks such as Changyuan Power (2.38%) and China National Coal (1.97%) [1][3] - The Central State-Owned Enterprises Modern Energy ETF (561790) has increased by 0.28%, with a recent price of 1.09 yuan, and has outperformed comparable funds over the past week [1][3] - A meeting held by the National Energy Administration on July 2 focused on wind and solar energy resource surveys, approving technical guidelines and data management notifications [1] Industry Developments - The Ministry of Industry and Information Technology held a meeting on July 3 with 14 photovoltaic companies to discuss production, innovation, market competition, and policy suggestions to combat low-price competition in the solar industry [2] - According to CITIC Securities, coal companies are expected to see a 16% decline in net profit for Q2 2025, with a year-on-year drop of approximately 31% for the first half of the year, indicating a continued downward trend in coal prices [2] ETF Performance Metrics - The Central State-Owned Enterprises Modern Energy ETF has recorded a 0.09% increase over the past six months, with a maximum monthly return of 10.03% since inception and a historical one-year profit probability of 69.33% [3] - The ETF's management fee is 0.50%, and its tracking error over the past month is 0.045%, indicating high tracking precision compared to similar funds [3] Top Holdings - As of June 30, 2025, the top ten weighted stocks in the China Securities Index for Modern Energy account for 49.93% of the index, with Changjiang Electric Power holding the highest weight at 10.48% [4][6]