有分析表示，反内卷不断加码下光伏产业链价格有明显回升，其中今年以来硅料价格回升达到30%以 上，效果显著。当前临近年底，政策加码预期再起，叠加季节性减产，行业供给侧收缩有望快于预期， 关注盈利修复带来的投资机会。 中证光伏产业指数聚焦光伏全产业链的龙头公司，选取50只业务涉及光伏产业链上下游的股票作为指数 样本，能够较为全面地反映光伏产业的整体表现。指数成份股覆盖硅料、硅片、电池片、组件、逆变 器、支架等环节，纯度较高，有望深度受益于此次"反内卷"主题。 光伏、锂电池板块早盘走强，截至10:55，中证光伏产业指数上涨1.6%，成份股中，特变电工、晶盛机 电涨超5%，横店东磁、阳光电源涨超3%。 光伏行业近期迎来双重利好。供给侧，受近期会议及枯水期电价影响，多晶硅西南地区基地开始减产， 预计10月底至11月初完全停产，涉及产能约32万吨/年；政策面，相关主管部门或将于近日发布加强光 伏产能调控的文件，拟对产能开工率进一步加强限制并严禁新增产能，以推动产能供需平衡。 每日经济新闻 光伏ETF易方达（562970） 紧密跟踪中证光伏产业指数，可助力投资者把握"反内卷"背景下盈利预期修 复机遇。 ...

| 该指数聚焦的光伏是代表 | 截至午间收盘 | 该指数 | 该指数自20 | | --- | --- | --- | --- | | 性较强的未来能源之一, | 该指数涨跌 | 市净率 | 发布以来估1 | | 由50只产业链上、中、下 | | | | | 游具有代表性的公司股票 组成。 | 2.6% | 2.4 = | 48.40 | 光伏龙头早盘强势领涨，相关个股中，天合光能、晶澳科技涨超9%，隆基绿能涨超8%，通威股份涨超7%。截至午间收盘，中证光伏产业指数上涨2.6%， 中证新能源指数下跌0.1%，中证上海环交所碳中和指数下跌0.5%，国证新能源电池指数下跌0.7%。Wind数据显示，光伏ETF易方达（562970）前两个交易 日均获资金净流入，合计约2500万元。 每日经济新闻 ...

新能源板块今日集体调整，截至收盘，国证新能源电池指数下跌5.7%，中证新能源指数下跌5.4%，中证光伏产业指数下跌4.2%，中证上海环交所 碳中和指数下跌3.5%，储能电池ETF（159566）全天获超5000万份净申购。Wind数据显示，截至昨日，该产品连续6个交易日"吸金"，合计超5亿 元。 | 新能源ETF易方达 傳 | | | 516090 | | --- | --- | --- | --- | | 跟踪中证新能源指数 | | | | | | | | ··· ////////// | | 该指数涵盖新能源产业链, | 令日 | 该指数 | 该指数自2015年 | | 覆盖锂电、光伏、风电、 | 该指数涨跌 | 滚动市盈率 | 发布以来估值分位 | | 水电、核电等未来清洁能 | | | | | 源。 | -5.4% | 59.2倍 | 91.9% | | 储能电池ETF | | | 159566 | | 跟踪国证新能源电池指数 | | | | | | | | ·· ////////// | | 该指数聚焦储能领域,由 | | | | | 50只业务涉及电池制造、 | �日 该指数涨跌 | 该指数 滚动 ...

Group 1 - The article discusses various ETFs related to the renewable energy sector, highlighting their performance and underlying indices [1]. - The E Fund New Energy ETF tracks the China Securities New Energy Index, which covers the entire renewable energy industry chain, including lithium batteries, photovoltaics, wind power, hydropower, and nuclear power [1]. - As of the midday close, the E Fund New Energy ETF experienced a decline of 0.7%, with a rolling price-to-sales ratio of 52.2 times and a valuation percentile of 85.3% since its inception in 2015 [1]. Group 2 - The E Fund Energy Storage Battery ETF focuses on the National Securities New Energy Battery Index, which consists of 50 companies involved in battery manufacturing, energy storage inverters, and battery system integration [1]. - The index saw an increase of 0.4% at midday, with a rolling price-to-sales ratio of 31.5 times and a valuation percentile of 84.6% since its launch in 2015 [1]. Group 3 - The E Fund Photovoltaic ETF tracks the China Securities Photovoltaic Industry Index, which includes 50 representative companies across the photovoltaic industry chain [1]. - The index rose by 0.3% as of midday, with a rolling price-to-sales ratio of 2.4 times and a valuation percentile of 47.3% since its establishment in 2019 [1].

Group 1 - The article discusses various ETFs related to the renewable energy sector, highlighting their performance and underlying indices [1]. - The E Fund New Energy ETF tracks the China Securities New Energy Index, which covers the entire renewable energy industry chain, including lithium batteries, photovoltaics, wind power, hydropower, and nuclear power [1]. - As of the latest trading session, the index has seen a change of 2.8% with a rolling price-to-sales ratio of 50.7 times and an 84.0% valuation percentile since its inception in 2015 [1]. Group 2 - The E Fund Energy Storage Battery ETF focuses on the National Securities New Energy Battery Index, comprising 50 companies involved in battery manufacturing, energy storage inverters, and battery system integration [1]. - The index experienced a change of 2.6% with a rolling price-to-sales ratio of 30.0 times and an 82.8% valuation percentile since its launch in 2015 [1]. - The ETF is expected to benefit from future energy development opportunities [1]. Group 3 - The E Fund Photovoltaic ETF tracks the China Securities Photovoltaic Industry Index, which includes 50 representative companies across the photovoltaic industry chain [1]. - The index recorded a change of 1.6% with a rolling price-to-sales ratio of 2.3 times and a 47.1% valuation percentile since its inception in 2019 [1]. - Photovoltaics are highlighted as a strong representative of future energy sources [1].

Group 1 - The National Renewable Energy Battery Index rose by 1.3% at midday, while the Shanghai Carbon Neutrality Index increased by 0.7%, and the New Energy Index went up by 0.5%. Conversely, the Photovoltaic Industry Index fell by 0.2%. The Energy Storage Battery ETF (159566) saw a net subscription of 8 million units during the half-day session [1]. Group 2 - The New Energy ETF managed by E Fund tracks the China Securities New Energy Index, which has been published since 2015 and covers the entire new energy industry chain, including lithium batteries, photovoltaics, wind power, hydropower, and nuclear power. The index has a rolling price-to-earnings ratio of 50.9 times and a valuation percentile of 84.3% since its inception [2]. - The Energy Storage Battery Index focuses on the energy storage sector and consists of 50 companies involved in battery manufacturing, energy storage inverters, and battery temperature control systems. It has a rolling price-to-sales ratio of 30.0 times and a valuation percentile of 82.6% since its inception, indicating potential benefits from future energy development opportunities [2]. - The Photovoltaic ETF also managed by E Fund tracks the China Securities Photovoltaic Industry Index, which has been published since 2019 and includes 50 representative companies across the photovoltaic industry chain. The index has a rolling price-to-earnings ratio of 2.4 times and a valuation percentile of 47.6% [2]. - The Carbon Neutrality ETF managed by E Fund tracks the Shanghai Carbon Neutrality Index, which focuses on the carbon neutrality sector and includes 100 stocks with significant market capitalization in clean energy, energy storage, and high-carbon reduction potential industries. The index has a rolling price-to-sales ratio of 23.8 times and a valuation percentile of 80.1% since its inception [2].

Core Viewpoint - The photovoltaic equipment sector continues to rise, with the China Securities Photovoltaic Industry Index increasing by 2.8% as of 10:20 AM, driven by strong price increases in polysilicon and a robust market sentiment towards the industry [1] Group 1: Market Performance - As of 10:20 AM, the China Securities Photovoltaic Industry Index rose by 2.8% [1] - Major stocks in the sector saw significant gains, with Daqo New Energy up over 11%, Sungrow Power Supply up over 9%, and Aiko Solar and JA Solar both up over 7% [1] Group 2: Price Trends - The price of multi-crystalline N-type raw materials has increased to between 49 to 54 yuan per kilogram, with granular silicon prices also rising [1] - The entire industry chain has successfully raised prices, indicating a strong willingness to maintain price levels [1] Group 3: Industry Dynamics - The ongoing "anti-involution" trend is entering a phase of substantial realization, leading the market to focus on sectors with actual fundamental changes [1] - Measures such as eliminating outdated production capacity, mergers and acquisitions among leading firms, and resisting competition below cost are clearly defined paths for the industry [1] Group 4: Investment Opportunities - The China Securities Photovoltaic Industry Index includes 50 representative stocks across the photovoltaic industry chain, covering key segments such as silicon materials, wafers, cells, modules, inverters, and power station operations [1] - The index is expected to benefit significantly from the "anti-involution" trend and profit recovery expectations, attracting investor attention [1] - The E Fund Photovoltaic ETF (562970) tracks this index, providing investors with a convenient way to capitalize on opportunities in the photovoltaic industry [1]

Group 1 - The battery sector showed strong performance today, with Guoxuan High-Tech hitting the daily limit and CATL rising over 11% [1] - As of the midday close, the Guozheng New Energy Battery Index increased by 3.5%, the Zhongzheng New Energy Index rose by 3.1%, the Zhongzheng Shanghai Carbon Neutrality Index went up by 2.9%, and the Zhongzheng Photovoltaic Industry Index gained 0.4% [1] Group 2 - The E Fund New Energy ETF tracks the Zhongzheng New Energy Index, which covers the entire new energy industry chain, including lithium batteries, photovoltaics, wind power, hydropower, and nuclear power [2] - The E Fund Energy Storage Battery ETF focuses on the energy storage sector, consisting of 50 companies involved in battery manufacturing, energy storage inverters, and battery system integration, with a midday increase of 3.5% [2] - The E Fund Photovoltaic ETF tracks the Zhongzheng Photovoltaic Industry Index, which includes 50 representative companies in the photovoltaic industry chain, showing a slight increase of 0.4% [2] - The E Fund Carbon Neutrality ETF tracks the Zhongzheng Shanghai Carbon Neutrality Index, which includes 100 stocks with significant market capitalization in clean energy and high carbon emission reduction potential, rising by 2.9% [2]

Group 1 - The index focuses on the energy storage sector, consisting of 50 companies involved in battery manufacturing, energy storage battery inverters, energy storage system integration, and battery temperature control and firefighting, which are expected to benefit from future energy development opportunities [2] - The photovoltaic ETF managed by E Fund tracks the China Securities Photovoltaic Industry Index, which is a strong representative of future energy, comprising 50 representative companies across the upstream, midstream, and downstream of the industry chain [4] - As of the midday close, the photovoltaic index experienced a change of 0.7% [4] Group 2 - The carbon neutrality ETF managed by E Fund tracks the China Securities Shanghai Environmental Exchange Carbon Neutrality Index [5]

| 令日 该指数涨跌 | 该指数 该指数自20 滚动市销率 发布以来估值 | | --- | --- | | -1.1% | 2.0倍 29.29 | 截至收盘，中证上海环交所碳中和指数下跌0.7%，中证光伏产业指数下跌1.1%，中证新能源指数下跌1.7%，国证新能源电池指数下跌1.9%。 2025年，中国光伏产业迎来重大里程碑，累计装机规模突破1000GW，迈入"太瓦时代"。在7月25日召开的光伏行业研讨会上，中国光伏行业协会上调全年 预期，预计2025年中国新增装机规模将达270~300GW，全球新增装机规模上调至570~630GW。 每日经济新闻 ...