In 2025, central enterprises plan to complete an investment of more than 380 billion yuan in Xinjiang, involving energy, energy storage and other fields, and the photovoltaic ETF Ping An (516180) rose nearly 2% intraday
DATE:  Mar 14 2025

As of 14:22 on March 14, 2025, the CSI Photovoltaic Industry Index (931151) rose 1.62%, the constituent stocks LONGi Green Energy (601012) rose 3.99%, Junda (002865) rose 2.99%, Trina Solar (688599) rose 2.97%, Aixu (600732), Tongwei (600438) and other stocks followed suit. Photovoltaic ETF Ping An (516180) rose 1.63%, the latest price was 0.62 yuan, and the intraday turnover has reached 4.9012 million yuan, with a turnover rate of 7.22%.

In the long run, as of March 13, 2025, the photovoltaic ETF Ping An has risen by 1.32% in the past 1 month. 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 1.91 times, which is lower than the index of more than 83.04% in the past three years, and the valuation is cost-effective.

On the news side, on March 12, the 2025 Investment Promotion Conference for the Key Project of Central Enterprise Industry to Rejuvenate Xinjiang was held in Beijing. At the meeting, 6 central enterprises successfully signed 54 projects with Xinjiang, and it is expected to complete industrial investment of more than 130 billion yuan in Xinjiang. In 2025, more than 40 state-owned enterprises plan to complete key projects in Xinjiang with an investment of more than 380 billion yuan, helping Xinjiang's economy and society move towards a new stage of high-quality development.

The

People's Government of the Autonomous Region and the Xinjiang Production and Construction Corps signed a letter of intent with China National Nuclear Corporation, China Huaneng Group Co., Ltd., China Huadian Group Co., Ltd., State Power Investment Corporation Limited, China Dongfang Electric Group Co., Ltd. and China Power Construction Group Co., Ltd. to invest in energy, new energy storage, intelligent computing centers, equipment manufacturing and other fields.

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 February 28, 2025, the top ten weighted stocks of the CSI Photovoltaic Industry Index (931151) are LONGi Green Energy (601012), Sungrow Power Supply (300274), TCL Technology (000100), TBEA (600089), Tongwei (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar (002459), Chint Electric (601877), Deye shares (605117), the top ten weighted stocks accounted for 55.75% of the total.

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 February 28, 2025, the top ten weighted stocks in the CSI New Materials Theme Index (H30597) are CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), LONGi Green Energy (601012), Tongwei (600438), Sanhuan Group (300408), Huayou Cobalt (603799), San'an Optoelectronics (600703), Baofeng Energy (600989), GEM (002340), the top ten weighted stocks accounted for 53.41% of the total.

Related Products:

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

New Materials ETF Ping An (516890).

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