光伏ETF基金紧密跟踪中证光伏产业指数，涨超3.5%。 中证光伏产业指数从主营业务涉及光伏产业链上、中、下游的上市公司证券中，选取不超过50只最具代 表性的上市公司证券作为指数样本，以反映光伏产业上市公司证券的整体表现。 国内储能需求超预期上行，海外储能需求爆发式增长。叠加光伏产业链"反内卷"持续推进，行业景气上 行。 截至2025年9月5日 09:44，中证光伏产业指数(931151)强势上涨2.95%，成分股美畅股份(300861)上涨 11.01%，阳光电源(300274)上涨7.19%，锦浪科技(300763)上涨6.70%，大全能源(688303)，晶盛机电 (300316)等个股跟涨。光伏ETF基金(516180)上涨2.58%， 冲击3连涨。最新价报0.72元。拉长时间看， 截至2025年9月4日，光伏ETF基金近1周累计上涨2.80%。 数据显示，截至2025年8月29日，中证光伏产业指数(931151)前十大权重股分别为阳光电源(300274)、隆 基绿能(601012)、TCL科技(000100)、特变电工(600089)、通威股份(600438)、正泰电器(601877)、捷佳 伟创(3 ...

证券之星消息，9月4日，光伏ETF（159857）融资买入2619.29万元，融资偿还2370.12万元，融资净买 入249.17万元，融资余额1.22亿元，近20个交易日中有11个交易日出现融资净买入。 | 交易日 | 融券冷卖用(股) | 融券会重(股) | | 融券余额(元) | | --- | --- | --- | --- | --- | | 2025-09-04 | 262.58万 | | 605.41万 | 431.66万 | | 2025-09-03 | 5301.0 | | 342.83万 | 243.75万 | | 2025-09-02 | 107.62万 | | 342.30万 | 237.56万 | | 2025-09-01 | 6200.0 | | 234.68万 | 166.15万 | | 2025-08-29 | -26.26万 | | 234.06万 | 164.78万 | | 交易日 | 融资净买入 (元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-09-04 | 249.17万 | 1.22亿 | | | 2 ...

国海证券指出，光伏行业供给侧改革持续推进，产业链供需博弈持续。工信部等6部门联合召开光 伏产业座谈会，强调加权产业调控、遏制低价无序竞争，行业已形成供给侧改革合力，有望带动景气度 底部改善。近期硅料企业自主减产控销，下游备货需求增加，上游公摊成本提高。需求侧方面，7月光 伏新增装机同环比均下降，终端需求未见明显好转，产业链价格博弈下需关注辅材及出口链。风电领 域，"十五五"海风规划催化频出，广东海风开发速度加快，东方电缆存货及合同负债创历史新高，释放 下半年海缆大规模交付信号，中欧海风均已迎来政策拐点，下半年景气度有望持续改善。陆风方面，主 机厂2025H1销量同比高增，规模效应凸显，金风科技风机板块毛利率显著提升，主机交付均价持续上 涨将带动盈利能力进一步改善。 光伏50ETF（159864）跟踪的是光伏产业指数（931151），该指数从市场中选取涉及太阳能光伏发 电相关业务的上市公司证券作为指数样本，覆盖上游原材料、中游设备制造及下游电站运营等全产业链 环节，以全面反映光伏行业上市公司证券的整体表现。该指数具有显著的新能源与环保特征，能够较好 地体现光伏产业的发展趋势。 没有股票账户的投资者可关注国泰中证 ...

工业硅日报 油） 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 硅）028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 研究员：冯泽仁（玻璃纯碱） 021-60635727 fengzeren@ccb.ccbfutures.com 行业 日期 2025 年 09 月 05 日 能源化工研究团队 研究员：李捷,CFA（原油燃料 研究员：任俊弛（PTA/MEG） 研究员：彭浩洲（工业硅/多晶 研究员：彭婧霖（聚烯烃） 研究员：刘悠然（纸浆） 期货从业资格号：F03134307 请阅读正文后的声明 每日报告 一、行情回顾与展望 ...

Core Viewpoint - The photovoltaic (PV) sector continues its recent upward trend, driven by government initiatives aimed at promoting high-quality development and addressing low-price competition in the industry [1] Industry Summary - The Ministry of Industry and Information Technology and the State Administration for Market Regulation have issued the "Action Plan for Stable Growth in the Electronic Information Manufacturing Industry 2025-2026," which emphasizes high-quality development in the PV sector and aims to eliminate "involution" competition [1] - The plan includes measures to guide local governments in the orderly layout of the PV and lithium battery industries, manage production capacity, and implement quality management for PV components and lithium battery products [1] - The plan also aims to strengthen the linkage between industry policies and investment, finance, and safety, promoting technological advancements within the sector [1] Company Summary - Companies in the PV sector, such as GCL-Poly Energy (03800), Xinte Energy (01799), Flat Glass Group (06865), and Xinyi Solar (00968), have seen significant stock price increases, with GCL-Poly up 10.69% to HKD 1.45, Xinte Energy up 9.37% to HKD 8.29, Flat Glass up 8.22% to HKD 12.11, and Xinyi Solar up 6.67% to HKD 3.68 [1] - According to Zhongyuan Securities, the second quarter performance of the PV industry showed marginal improvement, and measures to combat low pricing, mergers and acquisitions, and increased industry entry barriers are expected to be implemented in the second half of the year [1] - The exit of outdated production capacity is anticipated, leading to an optimized competitive landscape and industrial chain ecology within the PV sector [1] - The current valuation levels of the PV industry are at historical lows, suggesting potential for valuation recovery in the context of combating low-price competition [1]

Core Viewpoint - The photovoltaic (PV) sector continues its upward trend, driven by government policies aimed at promoting high-quality development and addressing low-price competition in the industry [1] Industry Summary - The Ministry of Industry and Information Technology and the State Administration for Market Regulation have issued the "Action Plan for Stable Growth in the Electronic Information Manufacturing Industry 2025-2026," which emphasizes high-quality development in the PV sector and aims to eliminate "involution" competition [1] - The plan includes measures to guide local governments in the orderly layout of the PV and lithium battery industries, manage production capacity, and implement quality management for PV modules and lithium battery products [1] - The PV industry is expected to see a gradual exit of outdated production capacity, leading to an optimized competitive landscape and industrial chain ecology [1] Company Summary - Companies such as GCL-Poly Energy (03800), Xinte Energy (01799), Flat Glass Group (06865), and Xinyi Solar (00968) have experienced significant stock price increases, with GCL-Poly up 10.69% to HKD 1.45, Xinte Energy up 9.37% to HKD 8.29, Flat Glass up 8.22% to HKD 12.11, and Xinyi Solar up 6.67% to HKD 3.68 [1] - According to Zhongyuan Securities, the second quarter performance of the PV industry showed marginal improvement, and measures to address low product sales prices, mergers and acquisitions among companies, and raising industry entry barriers are expected to be implemented in the second half of the year [1] - The valuation level of the PV industry is currently at a historical low, presenting an opportunity for valuation recovery in the context of addressing "involution" [1]

Core Viewpoint - The article highlights the remarkable growth of Sungrow Power Supply Co., Ltd. (阳光电源) amidst a challenging industry backdrop, showcasing its strategic shift towards energy storage as a primary revenue source and its plans for international expansion through a Hong Kong listing [3][4][15]. Group 1: Company Performance - On September 3, 2025, Sungrow's stock surged by 15.30%, closing at 114.9 yuan, with a total market capitalization of 238.2 billion yuan [3]. - For the first half of 2025, the company reported a revenue of 43.533 billion yuan, a year-on-year increase of 40.34%, and a net profit of 7.735 billion yuan, up 55.97% [3]. - The energy storage business has overtaken photovoltaic inverters as the largest revenue source, with energy storage revenue reaching 17.803 billion yuan, a staggering increase of 127.78% [15]. Group 2: Strategic Developments - Sungrow announced plans to issue H-shares and list on the Hong Kong Stock Exchange, joining other major players in the energy storage sector [4]. - The company aims to enhance its global presence and brand image, leveraging the Hong Kong market as a funding reservoir for international expansion [4]. - The shift in revenue sources reflects a strategic pivot in response to market demands, with energy storage systems now accounting for 40.89% of total revenue, while photovoltaic inverters have decreased to 35.21% [15]. Group 3: Historical Context and Leadership - Founded in 1997 by Cao Renxian, who transitioned from academia to entrepreneurship, Sungrow has evolved from a small startup to a leading player in the renewable energy sector [6][10]. - The company has consistently focused on renewable energy, making pivotal decisions such as discontinuing traditional UPS products to concentrate on photovoltaic inverters and energy storage systems [10][18]. - Cao Renxian's leadership has been instrumental in navigating the company through industry challenges, leading to significant wealth accumulation and recognition as a top entrepreneur [10][19].

（文章来源：每日经济新闻） 每经AI快讯，9月5日，光伏、储能板块盘初走高，通润装备3连板，能辉科技、阳光电源、京运通、天 合光能、大全能源等跟涨。 ...

Core Viewpoint - The article emphasizes the critical role of standards in supporting economic activities and social development, particularly in enhancing the quality of manufacturing during the "14th Five-Year Plan" period [1] Group 1: National Standards and Manufacturing Development - Since the beginning of the "14th Five-Year Plan," over 4,000 national standards have been released in key industries such as integrated circuits, new materials, new energy vehicles, robotics, and aerospace equipment [1] - In the field of intelligent manufacturing, 491 national standards have been published, providing high-quality references for the digital and intelligent transformation of manufacturing enterprises [1] - In the new energy vehicle sector, 95 national standards have been established to enhance collaboration across the automotive supply chain, improve production efficiency, and reduce costs [1] - The solar photovoltaic sector has seen the release of 221 national standards, which help prevent irrational competition and promote high-quality industry development [1] Group 2: International Standards and Global Competitiveness - During the "14th Five-Year Plan," China has taken on 26 technical secretariats in international standard organizations and proposed 880 international standard proposals in key areas such as new energy vehicles and aerospace [2] - The conversion rate of advanced applicable international standards into Chinese standards exceeds 90% in key areas [2] - International standards are seen as a means to enhance the international competitiveness of industries, particularly in emerging technologies like artificial intelligence and brain-computer interfaces [2] Group 3: New Business Models and Trade Facilitation - International standards are facilitating the development of new business models driven by digital economy and technological innovation, providing unified technical specifications for various new industries [3] - The establishment of international standards for products like photovoltaic and new energy vehicles promotes smooth international trade connections [3] - Standards related to carbon data tracing and carbon footprint accounting are aiding sustainable development by addressing cross-border comparability and verification challenges [3] Group 4: Future Directions - The focus will be on guiding more technological achievements to be transformed into international standards and enhancing practical exchanges with other countries to continuously support high-quality manufacturing development [4]

（原标题：两部门重磅印发，这一领域迎高质量发展新阶段！社保基金重仓股名单出炉） 其中，先导智能涨幅居首，年内累计上涨124.47%。公司业务涵盖锂电池智能装备、光伏智能装备、3C 智能装备、智能物流系统、氢能装备、汽车智能工厂等领域。 千亿市值光伏巨头隆基绿能9月以来获得41家机构扎堆调研。公司表示，今年上半年，HPBC 2.0产能处 于持续放量的阶段，当HPBC 2.0产能开始投产后，仍需要一定时间进行产能爬坡，因此产能和这期间 的产量数据存在一定的差异。其间出货量是基于该期间的产量情况，公司预计今年下半年HPBC 2.0的 产量会有明显提升。 工业和信息化部、市场监督管理总局印发重磅方案，光伏领域迎利好。 9月4日市场全天震荡调整，创业板指领跌4.25%。零售、食品等消费股走高，券商、银行等金融股逆势 活跃，太平洋涨停，农业银行、邮储银行创历史新高。算力硬件、军工、半导体、机器人等方向跌幅居 前。 寒武纪-U(688256)9月4日一度跌超15%，收盘报1202元/股，市值为5028.6亿元，与前一日相比，该股市 值蒸发近850亿元。自9月1日以来，寒武纪-U股价已累计下跌19.46%。 光伏领域迎来政策 ...