Policy adjustments combined with industrial upgrades, the Huaxia Photovoltaic ETF (515370) is waiting quietly for profit recovery.

On March 26, 2026, the market opened lower and faced pressure, with the photovoltaic ETF Huaxia (515370) adjusting downwards by 1.20%, showing certain resilience against declines. Major holdings such as Robotech, Hemai Technology, and Sungrow Power performed well, rising over 7%, 3%, and 1% respectively, while positions in Zhejiang Xinneng, South Network Energy, and GCL-Poly Energy adjusted downwards.

On the news front, on March 26, according to an announcement from the Ministry of Finance and the State Taxation Administration, starting from April 1, 2026, the VAT export rebate for products such as photovoltaic will be canceled. With silver prices soaring alongside policy adjustments, the industry may enter a profit recovery phase after the policy is implemented. Additionally, during the Photovoltaic Market Development Forum from March 25 to 27, 2026, it was pointed out that the 14th Five-Year Plan period is a key window for high-quality development in the photovoltaic industry, which is currently accelerating its transition from scale-driven to consumption-driven and value-driven growth.

CICC believes that photovoltaic investment is currently the main body of power investment. Last year, influenced by new policies such as the market-oriented reform of renewable energy grid connection prices, photovoltaic installations surged in the first half of the year, but the installation growth rate rapidly declined in the second half. The Ministry of Industry and Information Technology stated that 2026 is a crucial year for governance in the photovoltaic industry, with addressing industry involution as a top priority.

The photovoltaic ETF Huaxia (515370) and its linked funds (012885/012886) track the CSI Photovoltaic Industry Index, covering upstream, midstream, and downstream companies in the photovoltaic industry chain, including silicon wafers, polysilicon, solar cells, cables, photovoltaic glass, battery modules, inverters, photovoltaic brackets, and photovoltaic power stations, better reflecting the overall performance of the photovoltaic industry.

Daily Economic News

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin