Huatai-PB CSI Photovoltaic Industry ETF

Polysilicon Spot Prices Stabilize After Two Months of Decline

LONGi to release FY2025 earnings on April 29 After-Market (BJT), forecast revenue CNY 72.82 B, EPS CNY -0.5775

LONGi to Release FY2026 Q1 Earnings on April 29 Pre-Market (BJT), Forecast Revenue CNY 13.32 B, EPS CNY -0.12

2026 Feishu AI Pioneer Contest Advanced Manufacturing Finals Showcase AI Applications in Manufacturing

TZE to Release FY2026 Q1 Earnings on April 28 After-Market (BJT), Forecast Revenue CNY 6.013 B, EPS CNY -0.36

Sungrow Power Supply to Release FY2026 Q1 Earnings on April 28 After-Market (BJT), Forecast Revenue CNY 21.85 B, EPS CNY 1.5529

Maxwell to release FY2025 earnings report on April 28 After-Market (BJT), forecast revenue CNY 9.414 B, EPS CNY 3.163

Maxwell to release FY2026 Q1 earnings on April 28 During-Market BJT, forecast revenue CNY 2.511 B, EPS CNY 1.3079

S.C released FY2025 Q4 earnings on April 21 After-Market (BJT), actual revenue CNY 2.366 B (forecast CNY 3.246 B), actual EPS CNY -0.2041 (forecast CNY 1.1811)

S.C released FY2025 Annual Earnings on April 21 After-Market (BJT), Actual Revenue: CNY 15.47 B (Forecast: CNY 16.5 B), Actual EPS: CNY 7.52 (Forecast: CNY 8.8448)

S.C to release FY2025 earnings report on April 27 After-Market (BJT), forecast revenue CNY 16.5 B, EPS CNY 8.8448

S.C to Release FY2026 Q1 Earnings on April 27 During-Market (BJT), Forecast Revenue CNY 1.948 B, EPS CNY 0.815

TBEA released FY2025 annual earnings on April 15 After-Market (BJT), actual revenue CNY 97.23 B (forecast CNY 100.92 B), actual EPS CNY 1.161 (forecast CNY 1.2873)

Chint Electrics released FY2025 Q4 earnings on April 15 After-Market (BJT), actual revenue CNY 12.75 B, actual EPS CNY 0

Chint Electrics released FY2026 Q1 earnings on April 15 Pre-Market BJT, actual revenue CNY 21.3 B, actual EPS CNY 0.59

Chint Electrics released FY2025 earnings on April 15 After-Market (BJT), actual revenue CNY 59.14 B (forecast CNY 67.07 B), actual EPS CNY 2.1 (forecast CNY 2.2392)

TBEA released FY2025 Q4 earnings on April 15 After-Market (BJT), actual revenue CNY 24.31 B (forecast CNY 26.84 B), actual EPS CNY 0.0683

Deye released FY2025 Annual Earnings on April 9 During-Market (BJT), actual revenue CNY 12.22 B (forecast CNY 13.22 B), actual EPS CNY 3.51 (forecast CNY 3.7605)

Deye released FY2025 Q4 earnings on April 9 During-Market (BJT), actual revenue CNY 3.377 B (forecast CNY 3.482 B), actual EPS CNY 0.9099 (forecast CNY 1)

Chint Electrics to Release FY2025 Annual Earnings on April 16 After-Market (BJT), Forecast Revenue CNY 67.07 B, EPS CNY 2.2392

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Polysilicon prices stabilized this week, with the average transaction price for n-type re-investment material at 35,300 yuan per ton and for n-type granular silicon at 34,300 yuan per ton, both flat compared to the previous week. Spot prices ended a two-month decline, showing signs of stabilization. Downstream inquiry activity increased; although only 2-3 companies actually signed orders, order volumes rose compared to the previous week

Wallstreetcn

GCLSI

Tongwei Co.,Ltd

ChinaAMC Green Electricity ETF

Silicon Industry Branch: Polysilicon Prices Stop Falling and Stabilize This Week

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On April 20th, the price of polysilicon futures surged significantly, with the main contract PS2606 rising by 9.00%. The market's expectations for the photovoltaic industry's "anti-involution" policy stimulated bullish sentiment. The Ministry of Industry and Information Technology and other departments held a meeting, emphasizing the need to regulate competition in the photovoltaic industry and promote high-quality development. Analysts pointed out that some major manufacturers plan to reduce production, which may lead to a contraction in supply and alleviate market pessimism. However, demand has not shown significant improvement, and subsequent inventory pressure may increase

腾讯新闻 - 财经

Guotai CSI Photovoltaic Industry ETF

E Fund CSI Photovoltaic Industry ETF

Tianhong CSI Photovoltaic Industry ETF

INDUSTRIAL SECURITIES

The main contract for polysilicon hits the limit up again! Is it a rebound from overselling or an improvement in demand?

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On April 17th, photovoltaic concept stocks were active, with Crown Material rising over 13%. SMM expects that in the coming years, the market share of BC technology in China's photovoltaic modules and cells will increase year by year, with an expected breakthrough of 30% by 2030. Data from Germany shows that the newly installed photovoltaic capacity reached 1.41GW in March 2026, with the total installed capacity rising to 3.28GW in the first quarter. The Silicon Industry Association believes that the price of polysilicon is nearing the bottom, and some companies have begun tentative purchases

Crown Material

Cybrid

Autowell

Jolywood

LAPLACE

SolaX Power

Global photovoltaic demand recovers, silicon material prices stabilize, Crown Material rises over 13%

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On April 13th, polysilicon futures hit the daily limit for the first time at the Guangzhou Futures Exchange, closing at 34,770 yuan/ton, an increase of 9%. This rise was attributed to rumors that photovoltaic companies would control production and set price floors, although several companies later refuted these claims. The A-share photovoltaic sector subsequently surged, with Daqo Energy rising over 12% at one point. Polysilicon futures prices have been on a downward trend this year, with the lowest price on April 10th dropping nearly 48% from the highest price at the beginning of the year

Daqo Energy

Penghua CSI Photovoltaic Industry ETF

GCL TECH

LONGi

HONGYUAN

NANHUA FUTURES

Daqo New Energy

Emotional Nuclear Explosion in the Silicon Material Predicament: From Halving to Limit Up for Polysilicon Under Anti-Competition

516230

The China Merchants CSI Photovoltaic Industry ETF (516230) has attracted 160 million yuan in capital over 8 consecutive trading days, indicating optimistic market expectations for the photovoltaic industry. On June 18, 2026, China will implement a new distributed photovoltaic policy, which is expected to break industry bottlenecks and activate the market. The Ministry of Industry and Information Technology emphasizes the need to eliminate the internal competition in the photovoltaic industry and enhance the security of the industrial chain. Bank of China International points out that photovoltaic investment in 2026 will focus on "anti-involution" and "space photovoltaic." The new five-year plan will raise the proportion of green electricity in data centers to 80%, bringing new demand for photovoltaics

China Merchants CSI Photovoltaic Industry ETF

The photovoltaic ETF China Merchants (516230) has continuously attracted 160 million yuan over 8 days, reshaping industry expectations with the synergy of electricity and new distributed policies

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The main contract for polysilicon futures hit the daily limit, reporting 34,770 yuan/ton, an increase of 9%. By the end of February, the installed capacity of renewable energy generation nationwide reached 2.381 billion kilowatts, accounting for 60.3% of the total installed power capacity in the country. The 9% value-added tax export rebate for photovoltaic products will be officially canceled on April 1, putting survival pressure on photovoltaic manufacturers and accelerating industry consolidation. It is expected that by 2026, in the photovoltaic industry chain, the prices of silicon materials and silicon wafers will decline, while the prices of modules will increase, benefiting the profits of related manufacturers

Invesco Solar ETF

China Southern CSI New Energy ETF

Polycrystalline silicon futures hit the daily limit! Photovoltaic installed capacity accounts for over 60%, export tax rebates officially canceled

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The photovoltaic equipment sector experienced a short-term surge on April 13, with Tongwei Co., Ltd. hitting the daily limit, and other companies like Daqo Energy also rising. Previously, concerns in the market were triggered by negative news regarding photovoltaic equipment exports, but industry insiders clarified that the recent symposium did not issue any explicit bans, and the industry logic remains positive. Brokerage analysts believe that this discussion will only affect market sentiment, and exports of photovoltaic equipment will continue as normal. The photovoltaic capacity targets set by Tesla and SpaceX, both under Elon Musk, have also instilled confidence in Chinese equipment manufacturers

Penghua SSE STAR New Energy ETF

ChinaAMC CSI Photovoltaic Industry ETF

Ping An CSI Photovoltaic Industry ETF

Industry insiders clarify the regulation of photovoltaic equipment exports, leading to a surge in the photovoltaic equipment sector

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The photovoltaic ETF Ping An rose by 0.35%, and the CSI Photovoltaic Industry Index increased by 0.42%. The battery supply chain is active, with CATL's stock price reaching a historic high. In April 2026, the total production capacity of China's lithium battery market is approximately 235GWh, a month-on-month increase of 7.3%. In March, the combined output of power and energy storage batteries was 177.7GWh, a month-on-month increase of 25.5%. The Ministry of Industry and Information Technology and other departments held a symposium to deploy the regulation of industrial competition. The industrialization of solid-state batteries is advancing, and it is recommended to pay attention to leading companies in the battery and related materials segments

CATL

E Fund CSI Battery Thematic ETF

The photovoltaic ETF Ping An is on the rise, and the battery industry chain is strongly surging

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The chairmen of China's battery and solar companies are advocating for stricter regulations to address overcapacity and competition issues that are harming profits and stability in the industry. They emphasize the need for top-down planning to prevent project overlap and excess capacity, which currently exceeds market demand significantly. Proposals include banning low-level production without technological advantages and establishing mandatory sales standards. Despite growth potential from geopolitical tensions and AI demand, manufacturers are facing profit declines, prompting regulators to intervene to curb irrational competition.

SCMP

ChinaAMC CSI Battery Thematic ETF

E Fund CSI Green Power ETF

China’s energy bosses push for tighter rules as overcapacity bites

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Hainan Deruida New Energy Technology Co., Ltd.; announced on Thursday that its first-quarter revenue decreased by 9.6% year-on-year to RMB 1.69 billion (USD 248 million), but its net profit was RMB 14.16 million, turning a profit from a loss of RMB 105.9 million in the same period last year. The company stated that the improvement in profitability was mainly due to the rise in solar cell prices, which enhanced profit margins. During this period, the company acquired shares in Shanghai Xingyi New Energy Technology and purchased 60% of Shanghai Fuyao Xinghe Aerospace Technology, thereby indirectly controlling Shanghai Xuntian Qianhe Space Technology to expand application scenarios and develop a second growth curve

BambooWorks

AXA SPDB CSI Photovoltaic Industry ETF

China Universal CSI Photovoltaic Industry ETF

Yinhua CSI Photovoltaic Industry ETF

CSOP CSI PV

BRIEF: Rising solar cell prices lift Drinda back to the black

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Hainan Drinda New Energy Technology Co., Ltd., a photovoltaic cell manufacturer, announced that its revenue for the first quarter of this year was 1.694 billion yuan, with net profit turning from a loss to a profit of 14.16 million yuan, mainly benefiting from the increase in the sales price of solar cells. The company also holds shares in Shanghai Xingyi Xinneng Technology and acquired a 60% stake in Shanghai Fuyuan Xinghe Aerospace Technology, expanding the application of photovoltaic technology. The net cash outflow from operating activities was 704 million yuan. Drinda maintains a high market share in overseas markets, and its stock price slightly declined on Friday

Drinda

Brief News: Battery cell prices rebound, Drinda turns a profit in the first quarter

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A Goldman Sachs report indicates that if the Middle East conflict continues, high-income nations will leverage their purchasing power to secure energy, leaving low-income countries like Bangladesh and Pakistan at risk of supply disruptions and manufacturing shutdowns. High import costs are driving a global shift toward localized energy, leading to a structurally bullish outlook for solar power. Meanwhile, some nations in South and Southeast Asia, lacking the capability to rapidly deploy renewable energy, are reverting to coal, which is expected to receive sustained demand support over the coming years

- The ongoing Middle East conflict is reshaping the global energy landscape, favoring solar energy and coal as major beneficiaries.  
- High-income countries are leveraging their purchasing power to secure energy resources, while low-income nations like Bangladesh and Pakistan risk energy shortages due to rising import costs and competition.  
- The transition to localized energy sources is accelerating, with increased adoption of solar energy expected in the long term, but many South and Southeast Asian countries are reverting to coal amid difficulties in deploying renewable sources, sustaining global coal demand.

China Coal Energy

CSEC/China Shenhua

YANCOAL AUS

Jinko Solar

SHCI

Shanxi Coking Coal

YANKUANG ENERGY

JHSCIC

JA SOLAR

Sungrow Power Supply

Aiko Solar

Range Global Coal Index ETF

Lu′an EED

CSI Solar

TRINA SOLAR

CHINA SHENHUA

Jinkosolar

Goldman Sachs: Three Key Revelations from the Middle East Energy Shock—Structurally Bullish on Solar, Strengthened Coal Demand, and Developing Countries Under Pressure

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The photovoltaic ETF Ping An rose by 2.51%, and the CSI Photovoltaic Industry Index increased by 2.37%. The energy storage industry is advancing the regulation of competitive order due to a meeting held by the Ministry of Industry and Information Technology and three other departments, emphasizing the need to resist unreasonable competition. CITIC Securities pointed out that the year-on-year growth rate of energy storage project bidding data is rapid, with significant participation from state-owned enterprises, and the bidding volume in March increased by nearly 350% year-on-year. It is expected that the energy storage sector will usher in an investment peak, with rising demand in overseas markets

GF CSI Photovoltaic faucet Leading 30 ETF

Harvest CNI Green Power ETF

The photovoltaic ETF Ping An rose over 2.5%, and four departments are promoting the storage industry to counteract involution

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Drinda announced that for the first quarter ending in March, according to Chinese accounting standards, operating revenue was 1.694 billion RMB, a year-on-year decrease of 9.6%. Net profit attributable to shareholders was 14.16 million RMB, compared to a loss of 106 million RMB in the same period last year, turning from loss to profit, mainly benefiting from the increase in the selling price of battery cells; earnings per share were 0.05 RMB

AASTOCKS

DRINDA

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

"Performance" Drinda earned 14.16 million RMB in the first quarter, turning a loss into a profit

Huatai-PB CSI Photovoltaic Industry ETF(515790.SH)

Huatai-PB CSI Photovoltaic Industry ETF Stock Performance Chart

Silicon Industry Branch: Polysilicon Prices Stop Falling and Stabilize This Week

The main contract for polysilicon hits the limit up again! Is it a rebound from overselling or an improvement in demand?

Global photovoltaic demand recovers, silicon material prices stabilize, Crown Material rises over 13%

Emotional Nuclear Explosion in the Silicon Material Predicament: From Halving to Limit Up for Polysilicon Under Anti-Competition

The photovoltaic ETF China Merchants (516230) has continuously attracted 160 million yuan over 8 days, reshaping industry expectations with the synergy of electricity and new distributed policies