--- title: "The photovoltaic sector has significantly corrected, highlighting the long-term layout value of the Ping An photovoltaic ETF" type: "News" locale: "en" url: "https://longbridge.com/en/news/280943283.md" description: "The photovoltaic sector has recently experienced a significant pullback, with the CSI Photovoltaic Industry Index falling by 4.10%. Major constituent stocks such as Maxwell and NYOCOR Co., Ltd. dropped by 14.19% and 9.33%, respectively. The photovoltaic ETF Ping An also declined by 4.06%. Starting from April 1, 2026, the value-added tax export rebate for photovoltaic products will be canceled. Industry analysts believe this move will drive the photovoltaic industry towards a transformation of high-quality development. Dongfang Securities pointed out that the photovoltaic industry has entered a phase of deceleration and recommends selecting companies with technological iteration capabilities" datetime: "2026-03-30T02:19:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280943283.md) - [en](https://longbridge.com/en/news/280943283.md) - [zh-HK](https://longbridge.com/zh-HK/news/280943283.md) --- # The photovoltaic sector has significantly corrected, highlighting the long-term layout value of the Ping An photovoltaic ETF As of March 30, 2026, 09:59, the CSI Photovoltaic Industry Index (931151) fell by 4.10%. In terms of constituent stocks, Maxwell led the decline with a drop of 14.19%, NYOCOR Co., Ltd. decreased by 9.33%, Hengdian East Magnetic fell by 8.59%, Zhejiang New Energy dropped by 8.28%, and GCL-Poly Energy fell by 8.07%. The photovoltaic ETF Ping An (516180) decreased by 4.06%, with the latest quote at 0.88 yuan. The photovoltaic concept collectively declined. On the news front, starting from April 1, the value-added tax export rebate for photovoltaic and other products will be canceled. From April 1, 2026, to December 31, 2026, the value-added tax export rebate rate for battery products will be reduced from 9% to 6%; starting from January 1, 2027, the value-added tax export rebate for battery products will be canceled. Industry analysis suggests that the cancellation of export rebates will exert short-term pressure on exporting companies, accelerating the internal motivation for companies to engage in global capacity layout, thereby pushing China's photovoltaic industry to gradually bid farewell to the "low-price involution" competitive model and shift towards a "technology pricing" high-quality development track. Dongxing Securities believes that the photovoltaic industry has entered a deceleration phase, awaiting the turning point of industry profit bottoms. Currently, it is more important to select segments with technological iteration capabilities and cost control advantages. The photovoltaic ETF Ping An closely tracks the CSI Photovoltaic Industry Index, which selects no more than 50 of the most representative listed company securities from those involved in the upstream, midstream, and downstream of the photovoltaic industry chain to reflect the overall performance of listed company securities in the photovoltaic industry. Data shows that as of February 27, 2026, the top ten weighted stocks in the CSI Photovoltaic Industry Index (931151) are TBEA, LONGi Green Energy, TCL Technology, Sungrow Power Supply, Tongwei Co., Ltd., Maxwell, Roborock, Deye, Jinglong Technology, and Chint Electric, with the top ten weighted stocks accounting for a total of 52.32%. The photovoltaic ETF Ping An (516180), off-market connection (Ping An CSI Photovoltaic Industry ETF Connection Initiated A: 026720; Ping An CSI Photovoltaic Industry ETF Connection Initiated C: 026721), related index funds (Ping An CSI Photovoltaic Industry Index A: 012722; Ping An CSI Photovoltaic Industry Index C: 012723; Ping An CSI Photovoltaic Industry Index E: 024618). Risk Warning: Funds have risks, and investment requires caution. The fund manager promises to manage and utilize fund assets based on the principles of honesty, credit, diligence, and responsibility, but does not guarantee that this fund will definitely make a profit, nor does it guarantee a minimum return. The fund manager reminds investors of the "buyer bears the risk" principle in fund investment. After making investment decisions, the investment risks arising from the fund's operating conditions and changes in the fund's net value are borne by the investors themselves. The past performance of the fund and its net value does not indicate its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Investors purchasing funds may share in the income generated by the fund's investments according to their held shares, but they may also bear the losses brought about by the fund's investments Investors should carefully read the "Fund Contract," "Prospectus," and other legal documents of the fund, fully understand the risk-return characteristics and product features of this fund, and judge whether the fund is suitable for the investor's risk tolerance based on their investment objectives, investment horizon, investment experience, asset status, etc. Rationally assess the market and make investment decisions cautiously. The relevant information in this material comes from publicly available sources that the fund manager considers reliable. The relevant opinions, assessments, and forecasts only reflect current judgments and may change in the future. Any market views contained in this material are based on corresponding assumptions, and any assumptions may change at any time. The fund manager does not promise or guarantee that any predictive market views will necessarily be realized. The individual stocks mentioned in the material do not constitute investment recommendations or advice. The fluctuations in the secondary market of ETF funds do not represent the actual return rate of the fund; investors should pay attention to the risks of price fluctuations in the market ### Related Stocks - [560980.CN](https://longbridge.com/en/quote/560980.CN.md) - [300751.CN](https://longbridge.com/en/quote/300751.CN.md) - [600821.CN](https://longbridge.com/en/quote/600821.CN.md) - [516180.CN](https://longbridge.com/en/quote/516180.CN.md) - [159864.CN](https://longbridge.com/en/quote/159864.CN.md) ## Related News & Research - [BNB ETF Could Be Next Big Crypto Breakthrough, Says Bloomberg Analyst](https://longbridge.com/en/news/286639724.md) - [VanEck, Grayscale file fresh BNB ETF amendments as race for next altcoin spot ETF accelerates](https://longbridge.com/en/news/286652991.md) - [Worried About a Market Crash? 3 Vanguard ETFs Built to Survive](https://longbridge.com/en/news/286880525.md) - [3 Dividend ETFs to Lock In Before Summer Volatility Picks Up](https://longbridge.com/en/news/286999152.md) - [South Korean funeral company reveals $33 million loss on leveraged ether ETF bet](https://longbridge.com/en/news/287088714.md)