2026年1月16日，创业板新能源ETF华夏（159368）上涨1.04%，持仓股震裕科技涨超7%，迈为股份涨 超6%，新宙邦涨超2%。 4万亿聚焦新型电力系统，储能作为新能源消纳与跨区输电的调节核心，将显著受益于"沙戈荒"风光基 地、特高压配套与配网升级项目，独立储能与共享储能订单加速释放。 创业板新能源ETF华夏（159368）是全市场跟踪创业板新能源指数的规模最大ETF基金。创业板新能源 指数主要涵盖新能源和新能源汽车产业，涉及电池、光伏等多个细分领域。创业板新能源ETF华夏 （159368）高弹性，涨幅可达20cm；费率最低，管理费和托管费合计仅为0.2%；规模最大，截至2026 年1月9日，规模达6.46亿元；成交额最大，近一月日均成交6949万元。其储能+固态电池占比近90%， 契合当下市场热点。 （文章来源：每日经济新闻） 1月15日，国家电网"十五五"投资计划出炉："十五五"期间，国家电网公司固定资产投资预计达到4万亿 元，较"十四五"投资增长40%；将重点聚焦于绿色转型、构建新型电力系统、强化科技赋能等方面。其 中国家电网将优化抽蓄站点布局，支持新型储能规模化发展，提高新能源运行支撑和并网消 ...

Core Insights - The global satellite launch surge is driving the demand for space photovoltaic technology to the GW level, with silicon-based HJT being the optimal solution due to its lightweight and low-cost advantages [1][2] - The overseas photovoltaic market, particularly in the U.S., is experiencing strong growth, providing opportunities for Chinese equipment manufacturers to benefit from international expansion [1][2] Group 1: Satellite Launch and Photovoltaic Demand - The number of global satellite launches is increasing exponentially, with China applying for permissions for 200,000 low-orbit satellites and SpaceX accelerating the construction of its 42,000 Starlink satellites, leading to a significant demand for GW-level space photovoltaics [2] - Traditional gallium arsenide batteries face challenges in capacity, cost, and raw materials, making silicon-based HJT the preferred short-term alternative, with a future shift towards perovskite-HJT tandem cells [2] Group 2: Overseas Market and Equipment Manufacturers - The U.S. photovoltaic market is experiencing robust customer demand, with a projected compound annual growth rate of over 20% for installed capacity from 2024 to 2029, and an expected installation capacity exceeding 60 GW by 2025 [2] - Chinese photovoltaic equipment holds a dominant position globally, with over 80% of the world's capacity in silicon materials, wafers, cells, and modules expected in 2024 [2] - Key market shares for equipment manufacturers in 2024 include: 70%-80% for Jinglong Technology's single crystal furnaces, over 50% for High Precision's slicing machines, 70%-80% for Maiwei's HJT production line equipment, and 70% for Aotwei's string welding machines [2] Group 3: Investment Recommendations - The company recommends focusing on silicon and perovskite battery technologies for space applications, highlighting leading companies such as Maiwei (HJT production line equipment), Jinglong Technology (low-oxygen single crystal furnaces), Aotwei (0BB string welding machines), and High Precision (slicing equipment) [3] - Additional attention is suggested for integrated equipment manufacturers like Jiejia Weichuang and perovskite equipment manufacturers like Jing Shan Light Machine [3]

Core Viewpoint - The recent announcement by the Ministry of Finance and the State Taxation Administration to cancel export VAT rebates for photovoltaic and battery products is seen as a significant measure in the "anti-involution" actions within the new energy sectors, aimed at addressing the industry's profitability issues and promoting higher value-added products [5][6][8]. Industry Overview - The new energy photovoltaic and lithium battery industries have been facing challenges due to mismatched supply and demand and intense price competition, leading to weak profitability across the sector [3]. - Since 2025, there have been ongoing calls within the lithium battery sector to resist vicious competition, control capacity growth, and enhance technological innovation [3]. Policy Changes - Starting from April 1, 2026, the export VAT rebate for photovoltaic products will be canceled, and the rebate rate for battery products will be reduced from 9% to 6% until the end of 2026, after which it will be completely eliminated [1][5]. - The Ministry of Industry and Information Technology and other regulatory bodies have proposed 20 measures to regulate industry competition, including tightening approvals for low-capacity projects and establishing a cost-based price monitoring mechanism [4]. Market Reactions - Following the announcement, the stock performance of key players in the lithium battery sector showed significant volatility, with leading companies like CATL experiencing declines, while some photovoltaic companies saw substantial gains [1]. - The cancellation of export VAT rebates is expected to lead to an increase in the cost and price of Chinese photovoltaic components in overseas markets, which may help clear out low-end production capacity [8]. Price Trends - The prices of lithium carbonate futures have surged to over 160,000 yuan per ton, compared to 60,000 yuan per ton in June 2025, indicating a significant recovery in the battery materials market [6]. - The demand for upstream materials remains strong, with companies reporting full production capacity and no immediate adjustments in order volumes from downstream clients [7]. Future Outlook - The upcoming policy changes are anticipated to drive a surge in orders for photovoltaic components before the new VAT regulations take effect, although this demand may be temporary [7]. - Long-term, the cancellation of export VAT rebates is expected to facilitate industry consolidation and price normalization, benefiting the overall market structure [8].

Core Viewpoint - The recent changes in export tax policies for photovoltaic and lithium battery products are seen as a significant move to combat excessive competition and improve profitability in the renewable energy sectors [4][8][9]. Group 1: Market Performance - On January 12, the opening saw fluctuations in the new energy photovoltaic and lithium battery sectors, with notable divergences in individual stock performances [1]. - Leading lithium battery company CATL (宁德时代) saw its H-shares drop by 3% and A-shares decline by over 4%, while companies like Deyang Nano (德方纳米) and Hunan Youneng (湖南裕能) experienced mixed results [1]. - In the photovoltaic sector, companies such as Maiwei (迈为股份) and Jiejia Weichuang (捷佳伟创) surged over 10%, while Trina Solar (天合光能) and Haiyou New Materials (海优新材) rose over 8% [1]. Group 2: Export Tax Policy Changes - Starting April 1, 2026, the export tax rebate for photovoltaic products will be eliminated, and the rebate rate for battery products will be reduced from 9% to 6% until the end of 2026, after which it will be completely removed [2]. - This policy change is part of a broader "anti-involution" initiative aimed at addressing the supply-demand mismatch and intense price competition that have weakened profitability in the photovoltaic and lithium battery industries [4][5][8]. Group 3: Industry Response and Measures - Since 2025, there have been ongoing calls within the lithium battery sector to resist harmful competition and control capacity growth, with various industry meetings held to discuss these issues [7]. - The Ministry of Industry and Information Technology has organized discussions with leading battery companies to establish measures for regulating competition and ensuring sustainable growth [7]. - A total of 20 measures were proposed, including monitoring production capacity and implementing penalties for non-compliant companies, which may affect financing and tax rebates [8]. Group 4: Market Dynamics and Future Outlook - Despite the seasonal downturn typically seen in the first quarter, demand for power and energy storage batteries remains strong, with companies reporting full order books and saturated production capacity [11]. - The anticipated increase in costs due to the export tax policy is prompting overseas buyers to adjust their purchasing schedules, potentially leading to a robust first quarter for lithium battery sales [11][12]. - Analysts predict that the cancellation of export tax rebates will ultimately raise the costs and prices of Chinese photovoltaic components in overseas markets, which could help clear out excess capacity and stabilize prices in the long run [13].

Core Viewpoint - The article discusses the recent fluctuations in the new energy photovoltaic and lithium battery sectors, highlighting the impact of changes in export tax policies on these industries and the ongoing "anti-involution" actions aimed at stabilizing prices and production capacity [1][5][6]. Summary by Sections Market Performance - On January 12, the lithium battery leader CATL saw its H-shares drop by 3% and A-shares fall over 4%, while companies like Deyang Nano and Hunan Yueneng experienced mixed results with increases and decreases in their stock prices [1]. Export Tax Policy Changes - The Ministry of Finance announced that starting April 1, 2026, the export VAT refund for photovoltaic products will be canceled, and the VAT refund rate for battery products will be reduced from 9% to 6% until the end of 2026, after which it will be completely eliminated [2][3]. Industry Response and Actions - The lithium battery and photovoltaic industries have been facing challenges due to mismatched supply and demand and intense price competition, leading to a series of "anti-involution" initiatives aimed at expanding demand, adjusting prices, and controlling production capacity [3][5]. - Since 2025, there have been calls within the lithium battery sector to resist vicious competition and control the disorderly growth of production capacity, with various companies announcing price adjustments to stabilize the market [5][6]. Price Trends and Market Dynamics - Despite the seasonal downturn typically seen in the first quarter, the demand for power and energy storage batteries remains strong, with companies reporting sufficient orders and saturated production capacity [8]. - The export tax policy changes are expected to lead to an increase in battery prices, as overseas buyers adjust their purchasing strategies to avoid higher costs after the policy takes effect [8][10]. Future Outlook - Analysts predict that the cancellation of export tax refunds will increase the costs and prices of Chinese photovoltaic components in overseas markets, which may lead to industry consolidation and a return to more rational pricing in the long term [7][10].

Market Overview - On January 12, A-shares experienced a strong rebound after an initial dip, with the Shanghai Composite Index rising by 44.86 points, or 1.09%, closing at 4165.29 points [1] - The Shenzhen Component Index increased by 246.76 points, or 1.75%, closing at 14366.91 points, while the CSI 300 Index rose by 30.99 points, or 0.65%, closing at 4789.92 points [1] - The ChiNext Index and the STAR 50 Index also saw gains of 1.82% and 2.43%, respectively [1] - The total trading volume in the two markets reached 3.6 trillion yuan, marking the second consecutive day of surpassing 3 trillion yuan, with an increase of 478.7 billion yuan from the previous trading day [1] Sector Performance AI Application Sector - The AI application concept saw a strong surge, with over twenty stocks, including Worth Buying and BlueFocus, hitting the daily limit [2] - Catalysts for this trend include announcements related to CES 2026, the launch of new algorithms by Elon Musk, and advancements in AI model capabilities [2] Commercial Aerospace Sector - The commercial aerospace concept continued to strengthen, with stocks like Tongyu Communication and China Satellite hitting the daily limit [3] - China applied for frequency resources for over 200,000 satellites, significantly outpacing SpaceX's application for 42,000 satellites [3] GEO Concept - The GEO concept remained strong, with stocks such as Liou Co. and Inertia Media hitting the daily limit [4] - Elon Musk's announcement to open-source the latest content recommendation algorithm on the X platform was interpreted as a move into the GEO space [4] Photovoltaic Sector - The photovoltaic sector saw renewed activity, with stocks like Maiwei Co. and Dongfang Risheng rising over 10% [5] - Companies in the photovoltaic sector are increasingly focusing on the application of perovskite technology in space [5] Institutional Insights Huaxi Securities - Huaxi Securities suggests that the market's trading volume exceeding 3 trillion yuan indicates a potential continuation of the bull market, supported by positive economic indicators and increased market participation [6] - The report emphasizes the importance of sectors like AI applications, commercial aerospace, and nuclear fusion for investment opportunities [6] Huatai Securities - Huatai Securities believes that the spring market may still have room for growth, recommending focus on sectors such as gaming, duty-free, and batteries [7] - The report highlights the need to consider fundamental expectations and identify high-value opportunities in less crowded themes [7] CITIC Securities - CITIC Securities notes that favorable investment and demand conditions are emerging, with significant government investment plans and policies aimed at boosting domestic demand [8] - The report recommends focusing on low-valuation cyclical sectors like steel structures and infrastructure, as well as industries with recent positive developments such as nuclear energy and storage [8]

Group 1 - The core viewpoint of the news highlights the performance of the photovoltaic ETF Huaxia (515370), which rose by 1.45%, with significant gains in its constituent stocks such as Dongfang Risheng (up over 17%), Maiwei Co. (up over 15%), and Jiejia Weichuang (up over 11%) [1] - The lithium carbonate futures main contract hit the daily limit, increasing by 9% to 156,060 yuan/ton, marking the first time in two years that it has surpassed the 150,000 yuan threshold [1] - Wanguo Securities predicts that the market will enter a "tight balance" in 2026, suggesting that lithium prices are likely to stabilize and rebound [1] Group 2 - The Huaxia photovoltaic ETF (515370) tracks the CSI Photovoltaic Industry Index, which encompasses upstream, midstream, and downstream companies in the photovoltaic industry, including silicon wafers, polysilicon, battery cells, cables, photovoltaic glass, battery modules, inverters, photovoltaic brackets, and power stations, providing a comprehensive reflection of the overall performance of the photovoltaic industry [1] - The index has a photovoltaic content of 83.64%, ranking first in the entire market in terms of index dimension [1]

Group 1 - The core point of the news is that Maiwei Co., Ltd. experienced a stock price increase of 7.69%, reaching 222.00 CNY per share, with a total market capitalization of 62.028 billion CNY as of January 12 [1] - Maiwei Co., Ltd. specializes in the design, research and development, production, and sales of high-end intelligent manufacturing equipment, with its main business revenue composition being 75.00% from solar cell production equipment, 18.10% from single machines, and 6.90% from parts and others [1] Group 2 - From the perspective of major fund holdings, Huatai-PineBridge Fund has a significant position in Maiwei Co., Ltd., with its fund holding 330,000 shares, accounting for 3.77% of the fund's net value, making it the eighth largest holding [2] - The Huatai-PineBridge fund has a total scale of 287 million CNY and has achieved a return of 6.58% this year, ranking 1467 out of 5579 in its category, while its one-year return is 39.24%, ranking 1972 out of 4202 [2]

【光伏概念盘初活跃 东方日升等多股涨超10%】智通财经1月12日电，早盘光伏概念再度活跃，钙钛矿 电池、太空光伏方向领涨，东方日升、迈为股份、捷佳伟创涨超10%，此前杭萧钢构、金晶科技涨停， 国晟科技触及涨停续创历史新高，天合光能、金辰股份等跟涨。消息面上，近期钧达股份、晶科能源、 天合光能等光伏上市公司对太空光伏的关注度显著提升，并且均重点提到钙钛矿技术在太空的应用前 景。 转自：智通财经 ...

1月7日，迈为股份（300751）发布关于控股股东减持股份预披露公告称，合计持有公司股份109,537,827 股（占当前总股本剔除回购专用账户中的股份数量后的39.35%）的公司控股股东周剑及王正根计划以 集中竞价或大宗交易的方式减持本公司股份，减持数量不超过5,400,000股，即不超过公司当前总股本剔 除回购专用账户中的股份数量后的1.94%。减持期间为自本减持计划公告之日起15个交易日之后三个月 内（即2026年1月29日至2026年4月28日）。 公告显示，控股股东、董事长周剑持有61,811,671股，占公司总股本的22.20%；控股股东、总经理王正 根47,726,156股，占公司总股本的17.14%。周、王二人合计持有109,537,827股，占公司总股本的 39.35%。 因个人资金需求，周剑、王正根分别计划减持不超过270万股，各占公司总股本的0.97%，合计占公司 总股本的1.94%。 1月7日，迈为股份（300751）发布关于控股股东减持股份预披露公告称，合计持有公司股份109,537,827 股（占当前总股本剔除回购专用账户中的股份数量后的39.35%）的公司控股股东周剑及王正根计划 ...