回撤方面，截至2025年9月23日，碳中和ETF近半年相对基准回撤0.12%，在可比基金中回撤风险较低。 回撤后修复天数为92天，在可比基金中回撤后修复最快。 费率方面，碳中和ETF管理费率为0.50%，托管费率为0.10%。 跟踪精度方面，截至2025年9月23日，碳中和ETF近1月跟踪误差为0.010%，在可比基金中跟踪精度最 高。 碳中和ETF紧密跟踪中证内地低碳经济主题指数，中证内地低碳经济主题指数由清洁能源发电、能源转 换及存储、清洁生产及消费与废物处理等公司组成，以反映低碳经济主题上市公司证券的整体表现。 流动性方面，碳中和ETF（159790）盘中换手1.1%，成交2275.92万元。拉长时间看，截至9月23日，碳 中和ETF近1月日均成交6035.22万元，居可比基金第一。 规模方面，碳中和ETF本月以来规模增长151.70万元，实现显著增长。 数据显示，杠杆资金持续布局中。碳中和ETF最新融资买入额达267.60万元，最新融资余额达1329.83万 元。 截至9月23日，碳中和ETF近1年净值上涨46.06%，居可比基金前2。从收益能力看，截至2025年9月23 日，碳中和ETF自成立以来， ...

Group 1 - The A-share market experienced a decline with over 4,300 stocks falling, while the Carbon Neutrality ETF (159790) rose against the trend, achieving a trading volume exceeding 24 million and a total scale of 2 billion [1] - The recent issuance of the document "Opinions on Promoting Green and Low-Carbon Transition and Strengthening National Carbon Market Construction" marks the first central government document in China's carbon market sector, outlining a long-term development timetable, roadmap, and tasks for the national carbon market [1] - Over four years of development, the national carbon market has shown stable progress and operation, achieving significant results, with the "14th Five-Year Plan" energy achievements on track [1] Group 2 - The Carbon Neutrality ETF (159790) is the largest carbon neutrality-themed ETF in the market, tracking the China Securities Low-Carbon Economy Theme Index, focusing on companies in batteries, electricity, and photovoltaic equipment [2] - The ETF benefits from the national "3060" carbon peak and carbon neutrality goals, with substantial growth potential for related new energy and energy-saving environmental protection companies [2] - The index covers various sectors and enterprises related to carbon reduction, allowing investors to accurately grasp market hotspots [2]

Group 1 - The A-share market saw a significant rise on August 26, 2025, with all three major indices turning positive, and the Carbon Neutrality ETF (159790) increasing by 0.32% with a trading volume exceeding 74 million yuan [1] - The Carbon Neutrality ETF (159790) is the largest carbon neutrality-themed ETF in the market, tracking the China Securities Low Carbon Economy Theme Index, focusing on companies in battery, electricity, and photovoltaic equipment sectors [2] - The ETF benefits from the national "3060" carbon peak and carbon neutrality goals, indicating a broad growth potential for related new energy and energy-saving environmental protection companies [2]

Core Viewpoint - The A-share market is experiencing a "healthy bull" phase, characterized by strong performance across major indices and significant trading activity in carbon neutrality ETFs [1] Group 1: Market Performance - On August 25, 2025, all three major A-share indices strengthened, with the carbon neutrality ETF (159790) rising by 2.1% and achieving a trading volume exceeding 53 million, making it the top performer in its category [1] Group 2: Market Structure - According to Industrial Securities, the sustainability of the current market rally is attributed to both the positive holding experience and profit effects attracting new capital, as well as the healthy structural characteristics of the market [1] - The "healthy bull" market is led by the technology growth sector, which continues to reach new highs, indicating that the market is not overheated overall, with most industries remaining in a moderate congestion range and some sectors still having low congestion levels [1]

Group 1 - The A-share market saw all three major indices open lower but then rise, with solar energy stocks experiencing a significant increase, particularly Jiejia Weichuang hitting the 20% limit up, and the Carbon Neutrality ETF (159790) rising by 1.04% [1] - The Ministry of Industry and Information Technology issued a special energy-saving supervision task list for the polysilicon industry for 2025, aiming to strengthen energy-saving supervision and promote energy efficiency and green low-carbon development in the industrial sector [1] - Citic Securities stated that the "anti-involution" strategy has reached a national strategic level in China, with the solar energy sector being a core area for this initiative due to its issues of homogenization, low-price competition, and temporary overcapacity [1] Group 2 - The Carbon Neutrality ETF (159790) is the largest carbon neutrality-themed fund in the market, tracking the China Securities Low Carbon Economy Theme Index, focusing on companies in batteries, electricity, and solar equipment, benefiting from the national "3060" carbon peak and carbon neutrality goals [2] - The index covers various sectors and industries related to carbon reduction, allowing investors to accurately grasp market hotspots [2]

Group 1 - A-shares indices opened higher, with sectors like pharmaceuticals, defense, and solid-state batteries leading the gains, while home appliances, real estate, and food & beverage sectors weakened [1] - The China Securities Index for the New Energy ETF Huaxia (159368) rose by 1.24%, with constituent stocks such as Mannesmann and Xian Dao Intelligent increasing over 5% [1] - Recent breakthroughs in solid-state battery research revealed the soft-short circuit to hard-short circuit transition mechanism at the nanoscale, which could accelerate the adoption of solid-state batteries over traditional lithium batteries [1] Group 2 - The New Energy ETF Huaxia (159368) is the only ETF tracking the New Energy Index in the market, covering solar, wind, biomass, nuclear energy, and components of the new energy vehicle industry [2] - The management fee for the New Energy ETF Huaxia (159368) is 0.15%, with a custody fee of 0.05%, totaling a low cost of 0.2%, making it accessible for investors [2] - The Carbon Neutrality ETF (159790) is the largest fund in the market focused on carbon neutrality themes, tracking the low-carbon economy index and benefiting from national carbon peak and neutrality goals [2]