As carbon neutrality has become a global consensus, in the era of energy innovation, photovoltaic power generation with cost advantages has become one of the most potential renewable energy sources in the future, and the photovoltaic industry has a huge space for future development.SPDB-AXA CSI Photovoltaic Industry ETF was officially listed and traded on July 8. Investors can use this product to deploy leading companies in related industries with one click and seize investment opportunities in China's photovoltaic industry.
It is understood that the SPDB-AXA CSI Photovoltaic Industry ETF uses the CSI Photovoltaic Industry Index as the tracking target. The index takes the stocks of listed companies whose main business involves the upper, middle and lower reaches of the photovoltaic industry chain as the sample to be selected, and selects no more than 50 The most representative companies are used as sample stocks to reflect the overall performance of photovoltaic industry companies.It is worth mentioning that among the many PV industry indices, the CSI PV Industry Index includes 7 companies with a market value of RMB 100 billion and above, which has better market liquidity and can better represent the advantageous characteristics of the PV industry trend.Judging from the top ten heavyweight stocks in the index, LONGi Green Energy, Tongwei Co., Ltd., Zhonghuan Co., Ltd. and other leading companies in the entire industry chain are gathered.
In recent years, countries have carried out energy structural reforms one after another, and my country has set an example in reducing carbon emissions.The China Photovoltaic Association predicts that during the 14th Five-Year Plan period, the average annual installed capacity of photovoltaics in the world will exceed 220GW, of which the average annual installed capacity of photovoltaics in my country may exceed 75GW.
Under the strong demand, the high prosperity of the photovoltaic industry continues.Wind data shows that as of June 30, 2022, the CSI Photovoltaic Industry Index has increased by 421.79% since the base date of December 31, 2012, significantly outperforming the 80.84% increase in the CSI 300 Index over the same period; The annualized rate of return of the index exceeds 19%, which is better than the 17.47% annualized rate of return of the New Energy Index (000941); in terms of valuation, after the previous adjustment, the price-earnings ratio and price-to-book ratio of the CSI Photovoltaic Industry Index are 44.86 times and 6.02 times, which are near the historical median and have a high investment cost performance.
Industry analysts pointed out that the global energy transformation is accelerating, photovoltaics have become an important support for energy transformation, and global photovoltaics are ushering in a comprehensive and rapid development.Under the policy support and the high growth of the photovoltaic demand side, the photovoltaic industry is expected to maintain a high degree of prosperity, and the industry has a broad space for development, which is worthy of investors' attention.Products like SPDB-AXA CSI Photovoltaic Industry ETF provide a very convenient trading tool for investors to deploy the photovoltaic industry.
(Editor in charge: Cai Qing)
