PV Industry Chain Profit Recovery Expectations Strengthen, Tianhong CSI Photovoltaic Industry ETF(159857) Rises 1.27%

NewTimeSpace News - As of 13:47 on January 12, 2026, PV ETF (159857) rose 1.27%, with the latest price at 0.88 yuan. Over a longer timeframe, as of January 9, 2026, PV ETF gained 5.75% over the past week, ranking 3rd out of 12 comparable funds. (The stocks listed above are index constituents only and do not constitute specific recommendations.)

In terms of liquidity, PV ETF recorded an intraday turnover rate of 11.1% and trading volume of 248 million yuan, indicating active market trading. Over a longer period, as of January 9, its average daily trading volume reached 208 million yuan over the past week, ranking among the top 2 comparable funds.

Scale-wise, PV ETF's latest size hit 2.201 billion yuan, ranking 2nd out of 12 comparable funds. (Data source: Wind)

Data shows leveraged funds continue to build positions. PV ETF's latest margin purchase reached 16.7231 million yuan, with the latest margin balance at 77.4192 million yuan. (Data source: Wind)

As of January 9, PV ETF's NAV rose 42.66% over the past six months, ranking among the top 3 comparable funds. In terms of return capability, as of January 9, 2026, since its inception, the ETF's highest monthly return was 24.71%, longest consecutive up months was 5, longest consecutive gain was 83.59%, and average return in up months was 9.76%. As of January 9, 2026, its six-month excess return over benchmark reached 1.95% annualized, ranking among the top 3 out of 10 comparable funds.

As of January 9, 2026, PV ETF's Sharpe ratio for the past year stood at 1.43.

On drawdowns, as of January 9, 2026, PV ETF's year-to-date maximum drawdown was 0.23%, with a relative benchmark drawdown of 0.02%.

In terms of fees, PV ETF charges a management fee of 0.50% and a custody fee of 0.10%.

Regarding tracking accuracy, as of January 9, 2026, PV ETF's year-to-date tracking error was 0.008%, the highest tracking precision among comparable funds.

PV ETF closely tracks the CSI PV Industry Index. The CSI PV Industry Index selects up to 50 most representative listed securities whose main business covers the upstream, midstream, and downstream of the PV industry chain to reflect the overall performance of PV industry listed securities.

Bank of China Securities stated that the PV industry's "anti-involution" policies continue to advance, with multiple polysilicon enterprises accepting talks from the State Administration for Market Regulation, which helps standardize industry competition order and promote upstream price stabilization. Against this backdrop, expectations for industry chain profit recovery have strengthened, with the polysilicon segment expected to benefit first. Meanwhile, high-power module market demand is emerging, module manufacturers have strong price increase demands, and accelerated贱metal substitution is helping improve profit margins in battery and module segments. It is recommended to focus on leading enterprises with leading technology and cost advantages.

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