--- title: "The cancellation of the photovoltaic export tax rebate, leading to intensive price increases by leading companies, highlights the value of ChinaAMC ChiNext New Energy ETF" type: "News" locale: "en" url: "https://longbridge.com/en/news/281153831.md" description: "The 9% export tax rebate on photovoltaic products will be fully canceled starting April 1, which is expected to increase the cost of photovoltaic modules. Leading companies such as LONGi and TRINA SOLAR have already issued price increase notices. The ChinaAMC ChiNext New Energy ETF (159368) fell by 3.75%, with active trading and a net inflow of 174 million yuan over the past five days. Analysts point out that while shipment volumes are secured in the short term, demand front-loading may lead to order gaps in the second quarter, and domestic market demand is also under pressure. Tianfeng Securities believes that China holds a global dominant position in high-end manufacturing fields such as photovoltaics" datetime: "2026-03-31T08:44:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281153831.md) - [en](https://longbridge.com/en/news/281153831.md) - [zh-HK](https://longbridge.com/zh-HK/news/281153831.md) --- # The cancellation of the photovoltaic export tax rebate, leading to intensive price increases by leading companies, highlights the value of ChinaAMC ChiNext New Energy ETF As of March 31, 2026, 15:00, the ChinaAMC ChiNext New Energy ETF (159368) fell by 3.75%, with the latest quote at 1.49 yuan. Among the constituent stocks, Alite led the rise with an increase of 12.44%, Xinqianglian rose by 2.48%, and Yonggui Electric increased by 0.19%; however, Yiwei Lithium Energy led the decline with a drop of 9.93%, Shangneng Electric fell by 7.43%, and Shouhang New Energy decreased by 7.34%. In terms of liquidity, the ChinaAMC ChiNext New Energy ETF saw a turnover rate of 18.89% during the trading session, with a transaction volume of 148 million yuan, indicating active market trading. Looking at a longer time frame, as of March 31, the average daily transaction volume of the ChinaAMC ChiNext New Energy ETF over the past week was 159 million yuan. On the news front, starting April 1, the 9% export tax rebate on photovoltaic products will be fully canceled, which is expected to increase the cost per watt of photovoltaic modules by 0.06 to 0.07 yuan. Driven by this policy expectation and rising upstream costs, leading manufacturers such as LONGi, TRINA SOLAR, and JA Solar have recently issued multiple price increase notices. Analysts say that in the short term, the adjustment of the export tax rebate policy ensures the shipment volume in the first quarter, but the pre-positioning of demand also hides concerns. If overseas distributors complete concentrated stockpiling before the end of March, it may lead to an order gap in the second quarter. Meanwhile, domestic market demand is also under pressure; according to seasonal patterns, the second quarter is a stable period for domestic photovoltaic installations, and as the base for photovoltaic installations expands year by year, the growth rate of new installations in China in 2026 may decline. Tianfeng Securities believes that this transformation advantage, formed by policy guidance, technological drive, and market response, enables China to occupy a dominant position in high-end manufacturing fields such as photovoltaics and wind power, ensuring energy security and establishing a competitive advantage for China's related industrial chain assets that is difficult to replace globally. In terms of net capital inflow, the ChinaAMC ChiNext New Energy ETF has seen continuous net inflows over the past five days, with the highest single-day net inflow reaching 69.1465 million yuan, totaling 174 million yuan in "capital absorption," with an average daily net inflow of 34.8155 million yuan. The ChinaAMC ChiNext New Energy Index mainly covers the new energy and new energy vehicle industries, involving multiple sub-sectors such as batteries and photovoltaics, and is the only 20CM fluctuation index for the new energy track on the ChiNext. The ChinaAMC ChiNext New Energy ETF (159368) has high elasticity, with a price increase of up to 20cm; it has the lowest fees, with a total management and custody fee of only 0.2%; its energy storage content exceeds 74%, aligning with current market hotspots. 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