As of 14:57 on January 17, 2025, the latest price of photovoltaic ETF Ping An (516180) is 0.61 yuan, and the intraday turnover has reached 4.3816 million yuan, with a turnover rate of 6.86%. The CSI Photovoltaic Industry Index (931151), which tracks the index, fell 0.32%. In terms of constituent stocks, Hengdian East Magnetic (002056) led the rise by 5.28%, Roshow Technology (002617) rose 5.04%, and Jingsheng Electromechanical (300316) rose 4.78%; Daqo Solar (688303) led the decline by 3.72%, JinkoSolar (688223) fell by 3.26%, and Shuangliang Energy Conservation (600481) fell by 3.21%.

In the long run, as of January 16, 2025, the photovoltaic ETF Ping An has risen by 2.18% in the past week. It is worth noting that the valuation of the CSI Photovoltaic Industry Index tracked by the fund is at a historical low, with the latest price-to-book ratio of 1.9 times, which is lower than the index of more than 86.32% in the past three years, and the valuation is cost-effective.

On January 16, LONGi Green Energy released its 2024 annual performance forecast, which shows that due to the intensification of competition in the industry, the company's second-generation BC products are in the early stage of listing, the prices and gross profit margins of PERC and TOPCon products continue to decline, the utilization rate of production capacity is limited, the provision for asset impairment has increased due to technological iteration, and the investment income of polysilicon companies participating in polysilicon companies has incurred losses. The consolidation of complex industry situations has led to a loss in LONGi's performance last year compared with the same period last year.

LONGi Green Energy said that LONGi Green Energy is accelerating the pace of construction of BC production capacity through various models such as technology licensing and equity cooperation to meet the urgent market demand for BC series products. LONGi Green Energy's BC product production capacity will start to ramp up in 2025, and according to the plan, HPBC 2.0 will form a production capacity of about 50GW by the end of 2025.

Industry organizations pointed out that it is expected that the growth rate of new photovoltaic installed capacity will maintain a growth rate of about 10% to 15% in 2025, and the regional distribution of new photovoltaic installed capacity will continue to diversify. Among them, the Middle East, Central Asia, South Asia, Latin America, Africa and other regions are expected to achieve rapid growth from a low base due to factors such as energy transition and sunshine resource advantages, thereby driving the continuous growth of photovoltaic installed demand.

Investors can take advantage of the photovoltaic ETF Ping An (516180) and the new materials ETF Ping An (516890) to grasp investment opportunities in related industries.

The PV ETF closely tracks the CSI Photovoltaic Industry Index, which selects no more than 50 of the most representative securities of listed companies from the securities of listed companies whose main business involves the upstream, midstream and downstream of the photovoltaic industry chain as the index sample to reflect the overall performance of the securities of listed companies in the photovoltaic industry.

According to the data, as of December 31, 2024, the top 10 weighted stocks of the CSI Photovoltaic Industry Index (931151) are Sungrow (300274), TCL Technology (000100), LONGi Green Energy (601012), TBEA (600089), Tongwei (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar (002459), Chint Electric (601877), Robotec (300757), the top 10 weighted stocks together accounted for 56.34%.

The CSI New Materials ETF selects 50 securities of listed companies whose business involves basic materials such as advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and key strategic materials as the index sample to reflect the overall performance of the securities of listed companies with new materials theme.

According to the data, as of December 31, 2024, the top 10 weighted stocks in the CSI New Materials Theme Index (H30597) are CATL (300750), Wanhua Chemical (600309), North Huachuang (002371), LONGi Green Energy (601012), Tongwei (600438), Sanhuan Group (300408), San'an Optoelectronics (600703), Huayou Cobalt (603799), Baofeng Energy (600989), GEM (002340), the top ten weighted stocks accounted for 53.97%.

Related Products:

Photovoltaic ETF Ping An (516180), Ping An Photovoltaic Index Fund (Class A: 012722; Category C: 012723);

New Materials ETF Ping An (516890).