ETF tenaga surya Tianhong (159857) volume transaksi lebih dari 120 juta yuan pada hari Jumat lalu, menempati posisi pertama di pasar Shenzhen untuk instrumen serupa, lembaga: potensi pengembangan jangka menengah dan panjang industri ini cukup kuat

Last Friday (May 8), the three major indices all declined.
The CSI Solar Industry Index fell by 0.36%, among its constituent stocks, JunDa Shares hit the daily limit, JinkoSolar rose over 5%, Quartz Shares increased over 3%, and Southern Power Energy rose over 2%.

Regarding related ETFs, Wind data shows that the Photovoltaic ETF Tianhong (159857) had a trading volume of 127 million yuan at the close, ranking first among similar products in the Shenzhen market, with a premium rate of 0.31%.

The Photovoltaic ETF Tianhong (159857) closely tracks the photovoltaic industry index, with industry allocations mainly including photovoltaic equipment, grid equipment, and power, with the top five constituent stocks being TBEA, Longi Green Energy, TCL Technology, Sungrow Power Supply, and Tongwei Co.

Guojin Securities pointed out that the photovoltaic industry is experiencing a critical transition from the “capacity clearing acceleration period” to the “technology premium realization period.” Starting from Q2 2026, the utilization rate of TOPCon and BC technical routes will rebound significantly, and the profitability elasticity in auxiliary materials will be released first.

CITIC Securities believes that current valuations have fully priced in short-term profit pressures. If silicon material prices stabilize in the second half of the year and overseas tariff policies marginally ease, the index is expected to see a valuation and performance recovery window.

Shenwan Hongyuan Securities believes that the photovoltaic industry has strong long-term development momentum. Driven by dual-carbon goals, technological iteration, and cost reduction, global new installed capacity is expected to maintain high growth. Core equipment such as high-end vacuum pumps will benefit from the expansion and localization of N-type batteries, with demand structure continuously upgrading.