Core Viewpoint - The carbon-neutral ETF by Taikang (560560) is showing strong performance, tracking the CSI Mainland Low-Carbon Economy Theme Index (000977), with significant gains in key component stocks such as EVE Energy (300014) and Sungrow Power Supply (300274) [1][2] Group 1: ETF Performance - As of September 3, 2025, Taikang's carbon-neutral ETF (560560) increased by 1.43%, while the underlying index rose by 1.25% [1] - Over the past week, the ETF has accumulated a 2.94% increase, ranking first among comparable funds [1] - The ETF has seen significant growth in scale over the past year, leading in new scale among comparable funds [1] Group 2: Industry Insights - China's new energy vehicle (NEV) sales are projected to reach 12.859 million units in 2024, maintaining the global lead for ten consecutive years [2] - The lithium battery key materials account for over 70% of global shipments, indicating a strong competitive advantage for the industry [2] - The industry faces challenges such as low profitability and overcapacity, prompting recent policy measures aimed at promoting high-quality development [2] Group 3: Export Trends - From January to July 2025, China's inverter export value increased by 9% year-on-year, with notable growth in Europe and Australia [2] - Exports to Europe reached 14.6 billion yuan, up 7% year-on-year, while exports to Australia surged to 1.4 billion yuan, marking a 32% increase [2] - The European energy storage market is expected to grow significantly, with an estimated 29.7 GWh of installations in 2025, a 36% increase [2] Group 4: ETF Composition and Strategy - The CSI Mainland Low-Carbon Economy Theme Index includes 50 core low-carbon economy enterprises, covering the entire industrial chain from clean energy generation to consumption [3] - Investing in Taikang's carbon-neutral ETF allows investors to easily access the benefits of the growing low-carbon economy [3] - The ETF's diversified holdings help mitigate individual stock risks while capturing the growth potential of leading companies in the sector [3]

Group 1 - The carbon-neutral ETF Taikang (560560) is tracking the CSI Mainland Low-Carbon Economy Theme Index (000977), which has seen a decline of 1.56% [1] - The Yarlung Tsangpo River downstream hydropower project has commenced construction, marking a significant milestone for China's carbon neutrality efforts and opening new investment opportunities in the green economy [1] - The hydropower project is expected to have a total installed capacity of approximately 60 million kilowatts, generating 300 billion kilowatt-hours of clean electricity annually, equivalent to "recreating three Three Gorges" [1] Group 2 - The Yarlung Tsangpo River downstream hydropower project will stimulate the entire hydropower industry chain, benefiting upstream and downstream sectors such as equipment manufacturing, construction, and power transmission [2] - The national carbon market is expanding, with major industries like steel, cement, and aluminum smelting joining, covering emissions of approximately 8 billion tons [2] - The carbon neutrality industry is poised for explosive growth, supported by continuous technological innovation and favorable government policies [2] Group 3 - The Taikang carbon-neutral ETF (560560) closely tracks the CSI Mainland Low-Carbon Economy Theme Index, which includes companies in clean energy generation, energy conversion and storage, and waste management [3][4] - The ETF comprises 50 core low-carbon economy enterprises, providing investors with exposure to the entire low-carbon economy value chain [3] - The ongoing construction of the Yarlung Tsangpo River downstream hydropower project and the rising interest in the carbon neutrality industry enhance the investment value of the Taikang carbon-neutral ETF [3]