截至2025年12月12日收盘，光伏ETF(159857)换手6.2%，成交1.44亿元。跟踪的中证光伏产业指数(931151)强势上涨1.98%，成分 股钧达股份(002865)上涨10.01%，特变电工(600089)上涨6.58%，上能电气(300827)上涨5.48%，罗博特科(300757)，东方日升 (300118)等个股跟涨。 【产品亮点】 光伏ETF(159857)跟踪的是光伏产业指数，该指数从市场中选取涉及硅料、硅片、电池片、组件等制造环节以及光伏发电站运营 等相关领域的上市公司证券作为指数样本，以全面反映中国光伏行业上下游企业的整体表现。光伏产业指数具有显著的成长性 和波动性特征，能够较好地体现光伏产业链的发展动态。 【相关产品】 光伏ETF(159857)，对应场外指数基金（A：011102；C：011103）。 【热点事件】 光伏"反内卷"再突破！"多晶硅产能整合收购平台"正式成立 近日，北京光和谦成科技有限责任公司正式登记成立，这标志着光伏行业酝酿已久的"多晶硅产能整合收购平台"正式落地。据 业内机构数据显示，该公司由通威股份旗下通威光伏科技（峨眉山）有限公司、协鑫科技咨询服务（苏州 ...

近期，中国光伏行业迎来历史性时刻——北京光和谦成科技有限责任公司（注册资本30亿元）正式注册 成立。 这家由通威股份、协鑫科技等17家头部企业联合发起的平台公司，被业内称为"多晶硅产能整合国家 队"，标志着光伏行业三年"内卷式"恶性竞争的终结，以及供给侧结构性改革的全面落地。 知情人士介绍，未来，相关企业规划保留的硅料产能不会超过150万吨；另外，光和谦成公司未来会进 行增资，届时各股东持股份额仍会有变动，而且，光和谦成公司股权份额将可以在股东内部自由流动。 流动性方面，光伏ETF基金盘中换手5.74%，成交529.08万元。 规模方面，光伏ETF基金近3月规模增长895.23万元。（数据来源：Wind） 光伏ETF基金紧密跟踪中证光伏产业指数，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。 数据显示，截至2025年11月28日，中证光伏产业指数(931151)前十大权重股分别为阳光电源(300274)、 特变电工(600089)、隆基绿能(601012)、TCL科技(000100)、通威股 ...

截至2025年11月19日 13:54，光伏ETF(159857)回调蓄势，盘中换手6.55%，位居深市同标的产品第一，成 交1.71亿元。跟踪的中证光伏产业指数(931151)下跌1.18%。成分股方面涨跌互现，中信博(688408)领涨 1.17%，阳光电源(300274)上涨0.64%，特变电工(600089)上涨0.48%。 拉长时间看，截至11月18日，光伏ETF(159857)近2周规模增长1.19亿元，近2周份额增长2.57亿份，实现显 著增长。 资金流入方面，光伏ETF(159857)最新资金净流入171.35万元。拉长时间看，近10个交易日合计"吸金"2.41 亿元，位居深市同标的产品第一。 光伏ETF(159857)，对应场外指数基金（A：011102；C：011103）。 【热点事件】 11月17日-20日，2025第八届中国国际光伏与储能产业大会在成都举行。大会期间，通威集团董事局主席给 出自己最新的行业判断： 今年1-9月，中国新型储能的装机容量较"十三五"末上升了约30倍。据其测算，以中国制造在可靠性、质量 和成本上的优势，新型储能成本已经可以降到0.2元/千瓦时以下，领先的企业甚 ...

Core Insights - The photovoltaic (PV) industry is experiencing a fundamental recovery, with signs of a turning point in market sentiment, particularly benefiting the photovoltaic ETF (159857) [2] - As of September 2025, China's installed photovoltaic capacity reached 1,125 million kilowatts, a year-on-year increase of 45.7%, with cumulative power generation of 9,163 billion kilowatt-hours, up 44.1% [2] - Hongyuan Green Energy reported a significant profit surge in Q3 2025, achieving a net profit of 532 million yuan, driven by rising product prices and increased shipment volumes, leading to an 85.5% revenue growth [3] - The "14th Five-Year Plan" emphasizes green transformation, with policies aimed at optimizing competition in the photovoltaic sector, transitioning from chaotic low-price competition to sustainable development [3] - The photovoltaic industry is undergoing profound changes, with N-type monocrystalline technology expected to dominate the market, surpassing 96.9% market share by 2025 [3][4] Industry Developments - The national photovoltaic installed capacity has seen exponential growth, with a projected 45% increase in new installations in 2024 compared to the previous year, marking a nearly 20-fold increase since 2015 [4] - The "anti-involution" policies are expected to enhance the competitive landscape, aiding in profit recovery within the industry [4] - The photovoltaic sector is transitioning from being a supplementary energy source to a primary incremental energy source, indicating a significant shift in its role in the energy market [4]

Core Insights - The Zhongzheng Photovoltaic Industry Index (931151) has seen a strong increase of 2.70% as of November 3, 2025, with significant gains in constituent stocks such as Tebian Electric (600089) and Hongyuan Green Energy (603185), both rising by 10.01% [1] - The Photovoltaic ETF Fund (516180) has also risen by 2.94%, with a recent price of 0.84 yuan, and has accumulated a 6.54% increase over the past week [1] - The index reflects the overall performance of listed companies involved in the photovoltaic industry chain, selecting up to 50 representative stocks [1] Company Performance - The top ten weighted stocks in the Zhongzheng Photovoltaic Industry Index as of October 31, 2025, account for 60.74% of the index, with significant players including Sunshine Power (300274) and Longi Green Energy (601012) [2] - The performance of key stocks includes: - Sunshine Power (300274): up 3.26%, weight 17.58% - Longi Green Energy (601012): up 2.61%, weight 8.38% - Tebian Electric (600089): up 10.01%, weight 7.31% - TCL Technology (000100): up 0.46%, weight 7.29% - Tongwei Co. (600438): up 1.21%, weight 4.91% - Zhengtai Electric (601877): down 0.59%, weight 2.68% - Jingcheng Machinery (300316): up 0.82%, weight 2.43% - Deyang Co. (605117): up 6.40%, weight 2.42% - TCL Zhonghuan (002129): up 2.43%, weight 2.38% - Jiejia Weichuang (300724): down 0.30%, weight 2.26% [4]

Core Insights - The Zhongzheng Photovoltaic Industry Index (931151) has shown a strong increase of 1.69% as of September 25, 2025, with notable gains in constituent stocks such as TCL Zhonghuan (10.06%) and Jingsheng Mechanical Electrical (5.20%) [1] - The Photovoltaic ETF Fund (516180) has also risen by 1.86%, with a latest price of 0.77 yuan, reflecting a 0.27% increase over the past week [1] - The index comprises up to 50 representative listed companies involved in the photovoltaic industry chain, aiming to reflect the overall performance of these securities [1] Company Performance - The top ten weighted stocks in the Zhongzheng Photovoltaic Industry Index as of August 29, 2025, include Yangguang Electric (10.51%), Longi Green Energy (9.97%), and TCL Technology (9.42%), collectively accounting for 56.14% of the index [2] - The performance of individual stocks shows varied results, with TCL Zhonghuan leading with a 10.06% increase, while TBEA (−0.43%) and Zhengtai Electric (−0.46%) experienced declines [4]

Group 1 - The Zhongzheng Photovoltaic Industry Index (931151) has shown a strong increase of 1.38% as of September 23, 2025, with notable gains in constituent stocks such as Sunshine Power (300274) up by 5.65% and Arctech (688472) up by 5.50% [1] - The Photovoltaic ETF Fund (516180) has risen by 1.10%, with a latest price of 0.74 yuan, and has accumulated a 9.32% increase over the past month, ranking 3rd out of 10 comparable funds [1] - The Zhongzheng Photovoltaic Industry Index is composed of no more than 50 representative listed companies from the photovoltaic industry chain, reflecting the overall performance of these securities [1] Group 2 - As of August 29, 2025, the top ten weighted stocks in the Zhongzheng Photovoltaic Industry Index include Sunshine Power (300274), Longi Green Energy (601012), and TCL Technology (000100), with the top ten accounting for 56.14% of the index [2] - The weight and performance of the top stocks are as follows: Sunshine Power (5.65%, 10.51%), Longi Green Energy (0.24%, 9.97%), and TCL Technology (-0.46%, 9.42%) [4]

Group 1 - The Zhongzheng Photovoltaic Industry Index (931151) has shown a strong increase of 2.50% as of September 11, 2025, with significant gains in constituent stocks such as Juhe Materials (688503) up by 11.56% and Kehua Data (002335) up by 10.01% [2] - The Photovoltaic ETF Fund (516180) has risen by 1.80%, with the latest price reported at 0.74 yuan, and has accumulated a weekly increase of 4.78% as of September 10, 2025, ranking 3rd among comparable funds [2] - The Zhongzheng Photovoltaic Industry Index selects up to 50 representative listed companies from the photovoltaic industry chain to reflect the overall performance of these securities [2] Group 2 - As of August 29, 2025, the top ten weighted stocks in the Zhongzheng Photovoltaic Industry Index include Yangguang Electric (300274), Longi Green Energy (601012), and TCL Technology (000100), collectively accounting for 56.14% of the index [3] - The weight and performance of the top stocks are as follows: Yangguang Electric at 10.51% with a rise of 4.61%, Longi Green Energy at 9.97% with a slight increase of 0.17%, and TCL Technology at 9.42% with a rise of 1.37% [5]

Core Insights - The Zhongzheng Photovoltaic Industry Index (931151) has seen a strong increase of 2.94% as of September 3, 2025, with significant gains in constituent stocks such as Sungrow Power (300274) up 15.26% and Longi Green Energy (601012) up 2.81% [1][3] - The Photovoltaic ETF Fund (516180) has risen by 2.82%, with a latest price of 0.69 yuan, and has accumulated a total increase of 4.66% over the past two weeks [1] - The index reflects the overall performance of listed companies in the photovoltaic industry chain, selecting up to 50 representative stocks [1] Index Composition - As of August 29, 2025, the top ten weighted stocks in the Zhongzheng Photovoltaic Industry Index account for a total of 56.14% of the index [1] - The top ten stocks by weight include: - Sungrow Power (300274) with a weight of 10.51% - Longi Green Energy (601012) with a weight of 9.97% - TCL Technology (000100) with a weight of 9.42% - TBEA Co., Ltd. (600089) with a weight of 6.99% - Tongwei Co., Ltd. (600438) with a weight of 5.24% [3]

Group 1 - The photovoltaic industry is experiencing a steady advancement in reversing internal competition, with a focus on short-term rebounds and long-term investment opportunities due to low valuations [1] - As of August 28, 2025, the CSI Photovoltaic Industry Index (931151) increased by 0.87%, with notable stock performances including Zhengtai Electric (601877) up 9.16% and Meichang Co., Ltd. (300861) up 8.50% [1] - The Photovoltaic ETF (516180) rose by 1.06%, with a recent price of 0.67 yuan, and has accumulated a 1.39% increase over the past week [1] Group 2 - As of July 31, 2025, the top ten weighted stocks in the CSI Photovoltaic Industry Index (931151) include Yangguang Electric (300274) and Longi Green Energy (601012), collectively accounting for 56.16% of the index [2]