as of 10:02 on January 10, 2024, the China securities photovoltaic industry index (931151) rose 2.44 percent, its constituent shares deye (605117) rose 7.76 percent, solid dewei (688390) rose 7.67 percent, jinlang technology (300763) rose 5.92 percent, yuneng technology (688348), foster (603806) and other stocks followed. Photovoltaic ETF Fund (159863) rose 2.12, the latest price of 0.58 yuan, intraday turnover has reached 5.3149 million yuan, the turnover rate of 2.27.

From the valuation level, the latest price-to-earnings ratio (PE-TTM) of the CSI PV Industry Index tracked by the PV ETF is only 11.22 times, at a fraction of 9.43 per cent in the last year, I .e., the valuation is below 90.57 per cent in the last year and at an all-time low.

The data shows that as of December 29, 2023, the top ten heavyweights in China Securities Photovoltaic Industry Index (931151) are Longji Green Energy (601012), Sunshine Power (300274), TCL Technology (000100), TBEA (600089), Tongwei Stock (600438), TCL Central (002129), Jingao Technology (002459), Trina Solar Energy (688599), Jingsheng Electromechanical (300316) and Zhengtai Electric (601877), with the top ten heavyweights accounting for 56.44.

On the news side, on January 8, the Institute of Carbon Neutrality of Tsinghua University and the School of Environment of Tsinghua University released the report "Landscape Technology Outlook under China's Carbon Neutrality Target" (hereinafter referred to as the "Report"). The report pointed out that since 2005, with the continuous strengthening of my country's wind power and photovoltaic technology and equipment, the installed scale of wind power and solar power generation has continued to expand, and the proportion of installed capacity and power generation in the power structure has gradually increased, and the development has achieved remarkable results. In the future, China's wind and photovoltaic power generation is expected to continue to develop on a large scale and play an important role in dealing with global climate change.

Some brokerages said that in the case of photovoltaic overcapacity intensifying supply-side competition, the profitability of the industrial chain may face a significant contraction, and the industry will enter a new round of reshuffle. In the face of the industry to accelerate the survival of the fittest, the industry chain head manufacturers or will rely on technology, cost, production capacity support and market layout advantages, as well as strong financial strength and hematopoietic capacity, is expected to be stable and far, through the cycle.