受出口管制暂缓影响，科创新能源板块盘中走高，9月以来储能相关方向表现相当强势。机构指出，当 前储能是"涨出基本面"的典型案例。而新能源本次行情的原因或有以下五点： （1）储能系统价格下降，经济效益增强；（2）政策上容量电价刺激，进一步提升IRR；（3）Q3储能 相关业绩给予正反馈；（4）AIDC带动储能增量需求预期叠加海外需求放量；（5）新能源发电竞价并 网政策转变催化。 数据显示，截至2025年9月30日，上证科创板新能源指数(000692)前十大权重股分别为天合光能 (688599)、晶科能源(688223)、天奈科技(688116)、阿特斯(688472)、大全能源(688303)、厦钨新能 (688778)、容百科技(688005)、孚能科技(688567)、聚和材料(688503)、嘉元科技(688388)，前十大权重 股合计占比47.51%。 科创新能源ETF(588830)，场外联接(A：023075；C：023076；I：024157），创业板新能源ETF （159261） 截至2025年10月31日 13:23，上证科创板新能源指数(000692)强势上涨1.19%，成分股容百科技(6880 ...

Core Insights - The Shanghai Stock Exchange Sci-Tech Innovation Board New Energy Index (000692) has seen a strong increase of 2.04%, with significant gains in constituent stocks such as Huasheng Lithium Battery (688353) up 14.60% and Fangyuan Co., Ltd. (688148) up 11.95% [1] Group 1: Market Performance - In September, the production and sales of new energy vehicles reached 1.617 million and 1.604 million units respectively, marking year-on-year growth of 23.7% and 24.6% [1] - New energy vehicle sales accounted for 49.7% of total new car sales, achieving a historical high in monthly production and sales [1] Group 2: Policy and Infrastructure - The National Development and Reform Commission and other departments have issued the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facility Service Capacity (2025-2027)", aiming to establish 28 million charging facilities by the end of 2027 [1] - The plan targets to provide over 300 million kilowatts of public charging capacity to meet the charging needs of over 80 million electric vehicles, effectively doubling the charging service capacity [1] Group 3: Investment Recommendations - Dongwu Securities has indicated that the strong production and sales momentum suggests potential for both volume and profit increases, recommending a continued focus on the battery sector [1] - The firm is optimistic about leading material companies and the price rebound of lithium carbonate, as well as the solid-state sector with multiple catalysts expected in Q4 [1]

Group 1 - The National Development and Reform Commission released a draft on renewable energy consumption targets, establishing a dual-dimensional framework for renewable energy assurance from both consumption and absorption perspectives [1] - Domestic policies are increasingly supporting renewable energy consumption and absorption, which is expected to stabilize expectations and expand scenarios for long-term demand in wind and solar energy installations, alongside accelerated development in energy storage [1] - Wind energy: Domestic wind turbine prices are stabilizing and rising, with the industry chain experiencing simultaneous volume and profit growth. Wind power installations are expected to maintain rapid growth during the 14th Five-Year Plan period due to increased demand and structural improvements [1] - Solar energy: Both domestic and international solar energy growth remains robust, with ongoing efforts to reduce internal competition. Policy support and technological iterations are likely to accelerate supply clearing [1] - Energy storage: Transitioning to a market-driven profit model, the domestic energy storage industry is expected to see potential in independent storage and commercial storage. Internationally, there is optimism for rapid growth in large-scale storage in Europe and the U.S., as well as potential in emerging markets for household storage [1] Group 2 - As of October 15, 2025, the Shanghai Stock Exchange Sci-Tech Innovation Board New Energy Index rose by 1.09%, with notable increases in component stocks such as Arctech (up 6.05%) and Jiayuan Technology (up 5.79%) [2] - The Sci-Tech Innovation New Energy ETF closely tracks the New Energy Index, which includes 50 large-cap stocks in solar, wind, and new energy vehicles, reflecting the overall performance of representative new energy companies in the Sci-Tech Innovation Board market [2] - As of August 29, 2025, the top ten weighted stocks in the New Energy Index accounted for 48.15% of the index, including JinkoSolar, Trina Solar, and Daqo New Energy among others [2]

科创新能源ETF紧密跟踪上证科创板新能源指数，上证科创板新能源指数从科创板市场中选取50只市值 较大的光伏、风电以及新能源车等领域的上市公司证券作为指数样本，以反映科创板市场代表性新能源 产业上市公司证券的整体表现。指数电池占比达38.5%。 数据显示，截至2025年8月29日，上证科创板新能源指数(000692)前十大权重股分别为晶科能源 (688223)、天合光能(688599)、大全能源(688303)、天奈科技(688116)、阿特斯(688472)、孚能科技 (688567)、电气风电(688660)、容百科技(688005)、厦钨新能(688778)、嘉元科技(688388)，前十大权重 股合计占比48.15%。 科创新能源ETF（588830），场外联接基金（A类023075，C类023076，I类024157），创业板新能源 ETF（159261） 截至2025年9月17日 09:41，上证科创板新能源指数(000692)成分股壹石通(688733)上涨4.53%，孚能科技 (688567)上涨4.10%，聚和材料(688503)上涨3.61%，联赢激光(688518)上涨3.38%，骄成超声 ...

Group 1 - The core viewpoint of the news highlights the positive impact of government policies on the photovoltaic sector, aiming to shift the industry focus from quantity to quality in order to maintain competitiveness globally [1] - The Shanghai Stock Exchange Sci-Tech Innovation Board New Energy Index (000692) has seen significant increases in constituent stocks, with notable gains from companies such as Aotewi (688516) up 6.18% and High Measurement Co. (688556) up 4.95% [1] - The China International Capital Corporation (CICC) notes that while operational pressures in the photovoltaic industry have eased somewhat, debt pressures remain significant, indicating a continued need for "anti-involution" measures [1] Group 2 - The Sci-Tech Innovation Board New Energy ETF (588830) closely tracks the performance of the Shanghai Stock Exchange Sci-Tech Innovation Board New Energy Index, which includes 50 large-cap companies in the photovoltaic, wind power, and new energy vehicle sectors [2] - As of August 29, 2025, the top ten weighted stocks in the index include JinkoSolar (688223) and Trina Solar (688599), collectively accounting for 48.15% of the index [2]