（文章来源：每日经济新闻） 今日午后，市场放量反攻，光伏、储能等新能源产业链题材持续反弹，截至14:25，中国天楹强势封 板，同飞股份涨超8%，科士达、国安达涨超6%，相关指数中，中证光伏产业指数上涨1.9%，国证新能 源电池指数上涨1.8%。 消息面上，2025中国储能CEO峰会于昨日举办，有关人士指出，尽管行业面临"卷"与"缺"并存，但整体 处于高速增长黄金期，预计2025年全球储能装机量将达550GWh-600GWh。 开源证券表示，当前光伏行业"反内卷"已取得一定积极成效，三季度主链上游环节预计显著减亏，后续 关注底部反转；储能行业呈现供需两旺态势，国内外需求共振，新型储能"一芯难求"，头部电池企业持 续满产，电池价格延续上涨趋势，供应链整体具备价格传导能力，储能景气度有望持续。 中证光伏产业指数汇聚光伏产业链上下游龙头企业，覆盖硅料、硅片、电池片、组件、逆变器、支架等 环节，有望受益于行业"反内卷"浪潮；国证新能源电池指数覆盖储能电池核心产业链，储能系统占比约 65%，有望受益于产业供需两旺催化。光伏ETF易方达（562970）、储能电池ETF（159566）可助力投 资者布局相关产业链龙头企业。 ...

| 新能源ETF易方达 腰 | | | 516090 | | --- | --- | --- | --- | | 眼踪中证新能源指数 | | | | | | | | ··· /////////// | | 该指数涵盖新能源产业链, | 截至午间收盘 | 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。 | 1.4% | 50.2倍 | 82.0% | | 储能电池ETF | | | 159566 | | 眼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、 | 截至午间收盘 该指数涨跌 | 该指数 滚动市盈率 | 该指数自2015年 发布以来估值分位 | | 储能电池逆变器、储能电池 | | | | | 系统集成、电池温控消防等 | | | | | 领域的公司股票组成,有望 | 1.2% | 29.9 音 | 80.7% | | 受益于未来能源发展机遇。 | | | | | ...

（文章来源：每日经济新闻） 2025第八届中国国际光伏与储能产业大会昨日开幕，大会聚焦"风光储氢电充"等新能源、新材料、技 术、人才优势，覆盖光伏、储能、氢能、智能运维、应用场景等新能源全产业链，吸引通威股份、阳光 电源、美科股份、京运通等产业链各环节约5000家企业参会参展，集中展示光伏、储能、运维等领域的 创新成果。 市场早盘震荡分化，AI产业链软硬件方向集体发力，光伏、储能、锂电池等概念有所调整，截至9点54 分，中证光伏产业指数下跌1.5%，国证新能源电池指数下跌1.8%，相关ETF持续获资金青睐，储能电池 ETF（159566）昨日净流入超2亿元，近10个交易日合计"吸金"11亿元，产品规模创下历史新高。 中证光伏产业指数汇聚光伏产业链上下游龙头企业，覆盖硅料、硅片、电池片等环节，纯度较高；国证 新能源电池指数覆盖储能电池核心产业链，储能系统占比约65%，两只指数成分股有望受益于光储产业 规模扩张与技术进步。光伏ETF易方达（562970）、储能电池ETF（159566）分别跟踪以上指数，可助 力投资者便捷布局产业链龙头。 有关人士表示，"规模领先"奠定了我国在全球光储产业的地位和市场影响力，但我们 ...

Core Insights - The renewable energy industry chain is experiencing strong growth, with significant increases in indices such as the China Securities Photovoltaic Industry Index rising by 8.7% this week [1] - Major polysilicon companies are planning to form a consortium with a total investment of 20 to 30 billion yuan to eliminate excess capacity and settle industry debts, potentially leading to a new phase of "de-involution" in the photovoltaic sector [1] - Analysts believe that the implementation of polysilicon storage will alleviate the current overcapacity situation, accelerate profit recovery for companies, and gradually restore balance in supply and demand within the industry [1] Industry Performance - The China Securities New Energy Index increased by 5.3%, while the National Securities New Energy Battery Index rose by 3.9%, and the China Securities Shanghai Environmental Exchange Carbon Neutrality Index gained 2.5% [1] - The performance of various indices over different time frames shows significant growth, with the China Securities New Energy Index up 53.8% year-to-date and 204% since its base date [7] Index Composition - The National Securities New Energy Battery Index focuses on the energy storage sector, comprising 50 companies involved in battery manufacturing and related fields, which are expected to benefit from future energy development opportunities [3] - The China Securities Photovoltaic Industry Index includes 50 representative companies across the photovoltaic industry chain, while the China Securities Shanghai Environmental Exchange Carbon Neutrality Index consists of 100 stocks from clean energy and high-carbon reduction potential sectors [3] ETF Tracking - There are currently five ETFs tracking the China Securities New Energy Index, two for the National Securities New Energy Battery Index, ten for the China Securities Photovoltaic Industry Index, and eight for the China Securities Shanghai Environmental Exchange Carbon Neutrality Index [4]

Core Insights - The renewable energy sector experienced a collective surge in the afternoon, with the China Securities Photovoltaic Industry Index rising by 3.4%, the National Securities New Energy Battery Index increasing by 1.3%, and the China Securities New Energy Index up by 1.1% [1] - A significant breakthrough in photovoltaic technology was reported, with a team from Nanjing University and related research institutes achieving a record light-to-electricity conversion efficiency of 30.1% for all-perovskite tandem solar cells, marking a milestone for the next generation of efficient photovoltaic technology [1] Market Performance - The China Securities Photovoltaic Industry Index rose by 3.4% [5] - The National Securities New Energy Battery Index increased by 1.3% [1] - The China Securities New Energy Index saw a rise of 1.1% [1] - The China Securities Shanghai Carbon Neutrality Index experienced a slight increase of 0.1% [1] - The Energy Storage Battery ETF (159566) recorded nearly 10 million net subscriptions throughout the day [1] Technological Advancements - The research published in the prestigious journal "Nature" signifies a foundational advancement for the industrialization of high-efficiency photovoltaic technology [1] - The breakthrough is expected to accelerate the technological iteration and cost reduction in the photovoltaic industry [1]

Core Viewpoint - The renewable energy sector has experienced significant growth this week, with various indices showing substantial increases, indicating a strong market interest and investment in green technologies [1][2]. Index Performance - The China Securities New Energy Index rose by 6.1% - The National Securities New Energy Battery Index increased by 4.0% - The China Securities Photovoltaic Industry Index saw a rise of 6.6% - The China Securities Shanghai Environmental Exchange Carbon Neutrality Index grew by 3.0% [2][3]. Investment Trends - The Energy Storage Battery ETF (159566) attracted approximately 100 million yuan in investment over the first four trading days of the week [1]. - There are currently five ETFs tracking the China Securities New Energy Index, two for the National Securities New Energy Battery Index, ten for the China Securities Photovoltaic Industry Index, and eight for the China Securities Shanghai Environmental Exchange Carbon Neutrality Index [4]. Industry Focus - The National Securities New Energy Battery Index focuses on the energy storage sector, comprising 50 companies involved in battery manufacturing, energy storage systems, and related technologies [3]. - The China Securities Photovoltaic Industry Index includes 50 representative companies across the photovoltaic supply chain [3]. - The China Securities Shanghai Environmental Exchange Carbon Neutrality Index consists of 100 stocks from clean energy and high-carbon reduction potential sectors [3]. Valuation Metrics - The rolling price-to-earnings (P/E) ratios for the indices are as follows: - China Securities New Energy Index: 52.7 times - National Securities New Energy Battery Index: 32.1 times - China Securities Photovoltaic Industry Index: 2.6 times - China Securities Shanghai Environmental Exchange Carbon Neutrality Index: 25.2 times [2][5]. Historical Performance - Year-to-date performance shows: - China Securities New Energy Index: 46.1% - National Securities New Energy Battery Index: 60.3% - China Securities Photovoltaic Industry Index: 30.4% - China Securities Shanghai Environmental Exchange Carbon Neutrality Index: 34.2% [8]. Future Outlook - The Ministry of Industry and Information Technology emphasizes a commitment to green development, aiming to enhance green design and manufacturing across the entire product lifecycle [1].

Group 1 - The core viewpoint of the news is that the new energy sector has experienced a significant surge, with stocks like Aters and Longi Green Energy hitting the daily limit, and Sungrow Power rising over 15% [1] - The China Securities Photovoltaic Industry Index increased by 8.0%, while the China Securities New Energy Index and the National Securities New Energy Battery Index rose by 6.3% and 6.0% respectively [1] - The "14th Five-Year Plan" was released, emphasizing the development of new energy storage and the establishment of market and pricing mechanisms suitable for the new energy system [1] Group 2 - The National Securities New Energy Battery Index focuses on the energy storage sector, comprising 50 companies involved in battery manufacturing, energy storage battery inverters, and system integration [4] - The index is expected to benefit from future energy development opportunities [4] - The photovoltaic ETF managed by E Fund tracks the China Securities Photovoltaic Industry Index, which includes 50 representative companies across the photovoltaic industry chain [6]

Core Viewpoint - The photovoltaic industry chain experienced a significant surge in stock prices, driven by the release of the "14th Five-Year Plan" which emphasizes the development of new energy storage and market mechanisms [1] Industry Summary - The photovoltaic sector saw stocks like Arctech, LONGi Green Energy, Tongwei Co., JA Solar, and Hongyuan Green Energy hitting the daily limit, with Sungrow Power increasing over 15%. The CSI Photovoltaic Industry Index rose by 7.9%, and the National New Energy Battery Index increased by 5.6% [1] - The "14th Five-Year Plan" suggests a strong push for new energy storage and the establishment of market mechanisms suitable for the new energy system [1] Company Performance - Sungrow Power reported approximately 66.402 billion yuan in revenue for the first three quarters, a year-on-year increase of 32.95%. The net profit attributable to shareholders was about 11.881 billion yuan, reflecting a year-on-year growth of 56.34% [1] Market Outlook - Industrial analysts at Industrial Securities anticipate a dual benefit for the photovoltaic industry in Q3, with improved performance and substantial support from anti-involution measures. The industry is still at the bottom of the cycle, with potential catalysts expected from anti-involution trends and supply-side reforms [1] - The National New Energy Battery Index covers the core supply chain of energy storage batteries, with energy storage systems accounting for approximately 65%, likely benefiting from new energy storage developments. The CSI Photovoltaic Industry Index includes leading companies across the photovoltaic supply chain, which may benefit from the domestic anti-involution wave [1]

Core Insights - The UAE has officially launched the world's largest solar and storage project, featuring a 5.2GW solar power plant and a 19GWh energy storage system, aimed at providing stable and sustainable clean energy for the AI and emerging technology era [1] - This initiative highlights the critical role of integrated solar and storage solutions in ensuring energy security, injecting confidence into the global renewable energy supply chain [1] - The project aligns with the perspective of OpenAI CEO Sam Altman, emphasizing the intertwined future of artificial intelligence and energy, with solar and storage as core pillars benefiting from the global AI development wave [1] Industry Analysis - The Guozheng New Energy Battery Index covers the core industry chain of energy storage batteries, with energy storage systems accounting for approximately 65%, positioning it to benefit significantly from the commercialization of energy storage [1] - The Zhongzheng Photovoltaic Industry Index aggregates leading companies across the photovoltaic industry chain, expected to benefit from global solar-storage construction and domestic trends against excessive competition [1] Investment Opportunities - The Energy Storage Battery ETF (159566) and the E Fund Photovoltaic ETF (562970) track the aforementioned indices, providing investors with convenient tools to capitalize on solar-storage co-construction opportunities [1] - The Energy Storage Battery ETF (159566) has seen continuous net inflows, with its latest scale surpassing 20 billion, marking a historical high and establishing it as the largest ETF focused on the energy storage industry in the market [1]

Core Insights - The renewable energy sector continues to rise, with the China Securities Photovoltaic Industry Index increasing by 1.7% as of 14:50, and key stocks such as MicroGuide Nano, Sunshine Power, and Kehua Data rising over 7% [1] - The 7th Future Energy Conference held in Suzhou focused on energy transition, discussing topics like photovoltaics, energy storage, power batteries, and clean low-carbon initiatives [1] - The conference theme aligns with global energy development trends, indicating that the renewable energy industry is accelerating towards a new development phase [1] Industry Trends - Under the guidance of national policies and supply-side reforms, the photovoltaic industry is transitioning from "internal competition" to "breaking competition," with a projected turning point in supply-demand relations expected in 2026 [1] - Stabilization of industry chain prices is anticipated to boost corporate profitability [1] Index and Investment Opportunities - The China Securities Photovoltaic Industry Index focuses on leading companies across the entire photovoltaic industry chain, selecting 50 stocks involved in upstream and downstream activities [1] - The index covers various segments including silicon materials, silicon wafers, battery cells, modules, inverters, and brackets, indicating a high purity level and potential benefits from the "breaking competition" theme [1] - The E Fund Photovoltaic ETF (562970) tracks this index, providing investors with opportunities to capitalize on the expected recovery in profitability under the "breaking competition" backdrop [1]