Core Viewpoint - The A-share market showed strong performance on September 3, with over 2,500 stocks rising, indicating a positive market sentiment driven by policy measures aimed at stabilizing prices and promoting the exit of outdated production capacity in various industries [1] Group 1: Market Performance - All three major A-share indices strengthened, with significant gains in the comprehensive, electric equipment, and non-ferrous metal sectors, while the communication and electronics sectors weakened [1] - The New Energy ETF Fund (516850) increased by 1.2%, with a net inflow of 3.33 million yuan over the past five days, and key holdings such as Yiwei Lithium Energy rose over 11%, while Sunshine Power and Shangneng Electric both increased by over 3% [1] Group 2: Policy Impact - In July, policies were introduced focusing on supply-side adjustments to curb disorderly competition through price controls and to promote the exit of outdated production capacity, particularly in the photovoltaic and cement industries [1] - These policy expectations have led to price increases in bulk commodities, aiding in the profit recovery of upstream raw material industries [1] Group 3: Investment Opportunities - The New Energy ETF Fund (516850) and its connected funds (017571/017572) focus on the new energy sector, particularly in batteries, photovoltaics, and electric power, with a tracking index that has a high weight of 45.18% in "anti-involution," allowing investors to accurately grasp opportunities in the new energy sector [1]

Group 1 - The A-share market saw a positive trend with over 4100 stocks rising, indicating a strong market performance [1] - The recent initiative by the China Machinery Industry Federation to combat unfair competition in the photovoltaic industry has led to a price recovery across the entire supply chain, with increases of approximately 20%-30% [1] - The "anti-involution" policy has been elevated to a national strategic level, with the photovoltaic sector being a key focus due to its issues of homogeneous low-price competition and excess capacity [1] Group 2 - The New Energy ETF Fund (516850) and its linked funds (017571/017572) are focused on the new energy sector, particularly in batteries, photovoltaics, and electricity, with a high weight of 45.18% in the "anti-involution" index [2]

Core Viewpoint - The photovoltaic sector is experiencing a strong performance, with significant growth in the financial forecasts of companies like Jiejia Weichuang, reflecting a broader trend in the renewable energy market [1]. Group 1: Company Performance - Jiejia Weichuang has released its half-year performance forecast for 2025, expecting a net profit attributable to shareholders between 1.7 billion and 1.96 billion yuan, representing a year-on-year growth of 38.65% to 59.85% compared to the previous year's profit of approximately 1.23 billion yuan [1]. - The company's net profit after excluding non-recurring gains and losses is projected to be between 1.55 billion and 1.81 billion yuan, indicating a growth of 31.37% to 53.41% from the previous year's profit of about 1.18 billion yuan [1]. Group 2: Industry Insights - CITIC Securities highlights that the "anti-involution" movement has reached a national strategic level in China, with the photovoltaic industry being a key battleground due to its issues of homogenized low-price competition and temporary overcapacity [1]. - The New Energy ETF Fund (516850) and its linked funds focus on the new energy sector, particularly in batteries, photovoltaics, and electricity, allowing investors to capture opportunities in the renewable energy market effectively [2].