Export Tax Rebate Policy Optimizes Battery Industry Structure,Tianhong CSI Photovoltaic Industry ETF(159857) Rises Slightly 0.23% Against the Trend

NewTimeSpace News - As of 14:06 on January 13, 2026, PV ETF (159857) rose 0.23%, with the latest price at 0.88 yuan. Over a longer timeframe, as of January 12, 2026, PV ETF gained 5.90% over the past week. (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 12.85% and trading volume of 274 million yuan, indicating active market trading. Over a longer period, as of January 12, its average daily trading volume reached 235 million yuan over the past week, ranking among the top 2 comparable funds.

Scale-wise, PV ETF's latest size hit 2.159 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 18.8432 million yuan, with the latest margin balance at 72.0072 million yuan. (Data source: Wind)

As of January 12, PV ETF's NAV rose 49.29% over the past year, ranking among the top 3 comparable funds. In terms of return capability, as of January 12, 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 12, 2026, its three-month excess return over benchmark reached 1.85% 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 12, 2026, PV ETF's year-to-date maximum drawdown was 0.23%, with a relative benchmark drawdown of 0.02%, indicating lower drawdown risk among comparable funds. The recovery period after drawdown was 3 days, indicating the fastest recovery after drawdown among comparable funds.

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 12, 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.

Huatai Securities stated that the reduction in export tax rebate rates will, in the short term, drive a rush to export batteries in 2026, exacerbating supply-demand tightness in lithium mining, lithium hexafluorophosphate, and other segments. In the long term, it will promote the elimination of domestic backward capacity, optimize the battery industry structure, and benefit enterprises with overseas capacity layouts.

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