The Tianhong Photovoltaic ETF (159857) received subscriptions for 42 million units last Friday, ranking first among the same category in the Shenzhen market, as companies flock to enter the photovoltaic recycling sector

The Tianhong CSI Photovoltaic Industry ETF (159857) was subscribed for 42 million units last Friday, with a transaction amount of 148 million yuan, ranking first among the same category in the Shenzhen market. The photovoltaic industry index fell by 2.39%, but related stocks such as RoboTechnik and Jinko Power rose. The photovoltaic industry is facing a large-scale retirement wave, with a critical phase expected in 2026, prompting companies to accelerate their layout in photovoltaic recycling. Everbright Securities pointed out that future new demand and energy storage business will become profit growth points, and market-oriented mergers and acquisitions are expected to optimize the supply side