China’s First Photovoltaic Industry ETF Comes to Stock Market

Industrials, Technology Author: Fuller Wang Dec 18, 2020 05:15 PM (GMT+8)

The photovoltaic industry is facing new development opportunities considering the 2030 non-fossil fuels plans of China.

Photovoltaic Industry

On December 18, 2020, China's first photovoltaic industry ETF, Huatai Perry China Securities photovoltaic industry ETF (Chinese: 华泰柏瑞中证光伏产业ETF, 515790:SH), is listed on the China stock market. The ETF selects the 50 most representative listed companies in the upstream, midstream, and downstream of the photovoltaic industry chain, reflecting the overall performance of China's photovoltaic industry.

 The sub-sectors covered by the ETF include silicon wafers, polysilicon, cells, cables, photovoltaic glass, battery modules, inverters, photovoltaic supports, and photovoltaic power stations. It contains a number of industry leaders, such as Xi'an Longi Silicon Materials, Zhejiang Chint Electrics, and Flat Glass Group. According to the analysis of China Industrial Securities, the average market capitalization of the top 10 heavyweights is CNY 47.34 billion, while the average ROE (TTM) reaches 12.7% and the average PE (TTM) reaches 38.5x. Four stocks in the list have doubled since the beginning of 2020.

 According to President Xi Jinping, the share of non-fossil fuels in primary energy consumption is expected to increase to 20% by 2030. The photovoltaic industry faces new development opportunities. This trend attracted more and more investors' attention, absorbing a large amount of capital.