window.pageData = {"stock":{"_id":3000000013601,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接A","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"index":{"areaCode":"cn","stockType":"index","exchange":"csi","stockCode":"931151","tickerId":931151,"name":"光伏产业","rebalancingFrequency":"semi-annually"},"fundCollection":{"exchange":"jjgs","stockType":"fund_collection","stockCode":"50010000","tickerId":50010000,"name":"国泰基金管理有限公司"},"managers":[{"name":"王玉","stockType":"fund_manager","stockCode":"db20727024","exchange":"fm","tickerId":2325190100}],"targetFunds":[{"shortName":"国泰中证光伏产业ETF(159864)","stockType":"fund","stockCode":"159864","exchange":"sz","tickerId":159864}],"hotMetrics":{"fss":{"stockId":3000000013601,"type":"fss","f_s_s_d":"2024-06-29T16:00:00.000Z","f_ins_h_s_r":0,"f_ins_h_s_r_c_hy":0,"f_ins_h_s_r_c_1y":0,"f_ind_h_s_r":1,"f_ind_h_s_r_c_hy":0,"f_ind_h_s_r_c_1y":0,"f_h_a":3536,"f_h_s_a":12268,"last_data_date":"2025-12-30T16:00:00.000Z"},"fpr":{"stockId":3000000013601,"type":"fpr","f_p_r_fys_ssc":5566,"f_p_r_fys_ssrp":0.3146451033243486,"f_p_r_m1_ssc":5780,"f_p_r_m1_ssrp":0.8908115590932687,"f_p_r_m3_ssc":5640,"f_p_r_m3_ssrp":0.6020571023231069,"f_p_r_m6_ssc":5293,"f_p_r_m6_ssrp":0.49829931972789115,"f_p_r_y1_ssc":4608,"f_p_r_y1_ssrp":0.21467332320382027,"f_p_r_y2_ssc":3505,"f_p_r_y2_ssrp":0.7206050228310502,"f_p_r_y3_ssc":2863,"f_p_r_y3_ssrp":0.9063591893780573,"f_cagr_p_r_fs_ssc":5854,"f_cagr_p_r_fs_ssrp":0.9583119767640527},"fp":{"stockId":3000000013601,"type":"fp","f_p_r_fys":0.11246612466124684,"f_p_r_m1":-0.0004565515142291865,"f_p_r_m3":0.0022890279261409407,"f_p_r_m6":0.06675328893941868,"f_p_r_y1":0.6318012422360249,"f_cagr_p_r_fs":-0.08866408496562728,"f_p_r_d1":0.00563991323210411,"f_p_r_y2":0.292658925408384,"f_cagr_p_r_fs_sic":41,"f_cagr_p_r_fs_sirp":0.8,"f_p_r_fys_sic":41,"f_p_r_fys_sirp":0.125,"f_p_r_m1_sic":41,"f_p_r_m1_sirp":0.25,"f_p_r_m3_sic":41,"f_p_r_m3_sirp":0.025,"f_p_r_m6_sic":37,"f_p_r_m6_sirp":0.9722222222222222,"f_p_r_y1_sic":35,"f_p_r_y1_sirp":0.9705882352941176,"f_p_r_y2_sic":31,"f_p_r_y2_sirp":0.4666666666666667,"f_p_r_y3":-0.14222280266422904,"f_p_r_y3_sic":25,"f_p_r_y3_sirp":0.125,"last_data_date":"2026-04-29T16:00:00.000Z"},"ff":{"stockId":3000000013601,"type":"ff","f_m_f":13110,"f_m_f_r":0.005,"f_c_f":2621,"f_c_f_r":0.001,"f_m_a_c_f":15731,"f_m_a_c_f_r":0.006,"f_m_c_f_d":"2024-12-02T16:00:00.000Z","f_c_fr":0.001,"f_fr_d":"2025-12-30T16:00:00.000Z","f_m_fr":0.005,"f_mac_fr":0.006},"f_nlacan":{"stockId":3000000013601,"type":"f_nlacan","f_nv_d":"2026-04-29T16:00:00.000Z","f_nv":0.6568,"f_nv_cr":0.0015248551387618825},"f_as":{"stockId":3000000013601,"type":"f_as","f_tas":23161536.6552,"f_tas_d":"2026-03-30T16:00:00.000Z"}},"masterSlaveFunds":[{"_id":3000000013602,"name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","exchange":"jj","indexFundFlag":1,"etfFundFlag":1,"feederFundFlag":1,"stockCode":"013602","tickerId":13602,"shortName":"国泰中证光伏产业ETF发起联接C","currency":"CNY","__csrcFundId":10216,"lastUpdated":"2026-05-01T17:11:35.543Z","inceptionDate":"2021-10-19T16:00:00.000Z","fundCollectionId":4000050010000,"followedNum":3,"status":"normal","setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":313100,"setUpShares":313100,"masterFundFlag":null,"activeFundFlag":null,"classificationFlag":null,"closedEnd":null,"lofFundFlag":null,"pensionTargetFlag":null,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"indexId":1000000931151},{"_id":3000000021698,"name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","status":"normal","indexFundFlag":1,"etfFundFlag":1,"feederFundFlag":1,"stockCode":"021698","tickerId":21698,"shortName":"国泰中证光伏产业ETF发起联接E","currency":"CNY","__csrcFundId":10216,"exchange":"jj","masterFundFlag":null,"activeFundFlag":null,"lofFundFlag":null,"pensionTargetFlag":null,"classificationFlag":null,"closedEnd":null,"lastUpdated":"2026-05-01T17:11:35.547Z","inceptionDate":"2024-10-09T16:00:00.000Z","pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","fundCollectionId":4000050010000,"__indexSourceEastMoney":1,"followedNum":0,"indexId":1000000931151}],"bondHoldings":[{"_id":"69e8fa9a1398d7984300259e","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000013601,"stockCode":"019773","stockName":"25国债08","holdings":49000,"marketCap":4965045,"netValueRatio":0.0203,"lastUpdated":"2026-04-22T16:43:06.861Z"},{"_id":"69e8fa9a1398d7984300259f","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000013601,"stockCode":"019792","stockName":"25国债19","holdings":42000,"marketCap":4231717,"netValueRatio":0.0173,"lastUpdated":"2026-04-22T16:43:06.864Z"},{"_id":"69e8fa9a1398d798430025a0","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","fundId":3000000013601,"stockCode":"019827","stockName":"26国债01","holdings":10000,"marketCap":1002640,"netValueRatio":0.0041,"lastUpdated":"2026-04-22T16:43:06.867Z"}],"lastFsMetrics":{"latestTurnoverRate":0.8446831508523955,"latestTurnoverRateDate":"2025-12-30T16:00:00.000Z"}},"list":[{"_id":"69e8eb9e1398d79843fe94aa","date":"2026-03-30T16:00:00.000Z","declarationDate":"2026-04-21T16:00:00.000Z","stockId":3000000013601,"sao":"2026年一季度A股表现呈现高波动特点，一月市场开门红行情带动上证指数一度冲高至4165附近刷新十年新高，市场以高风险偏好为主要特征，增量资金与情绪共同作用下迅速拔估值，市场更加偏好高弹性叙事而非困境反转行业。进入3月，外部变量成为主导因素，美伊冲突爆发后，随后霍尔木兹海峡运输受阻，油价暴涨，全球市场风偏快速降温。上证指数最低回落至3813；风格由商业航天、AI等高弹性成长赛道，切向资源、红利等防御板块。光伏板块Q1更多是价格脉冲，而非行业的困境反转。受反内卷、出口退税取消前抢出口，银浆涨价驱动，产业链价格阶段性上行，但是1-2月国内新增装机同比下降18%，组件端盈利修复弱于价格修复，后续还需继续观测去产能和稳价格的具体情况。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，反内卷推动产业内供求关系向健康方向发展，行业内短期出现涨价现象，产业出清阶段性取得一定成果，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的联接基金，国泰中证光伏产业ETF联接的主要持仓为光伏ETF国泰，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","lastUpdated":"2026-04-22T15:39:10.119Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2026年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1476085","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69ca7b9d7ecbd37c10afbdf3","date":"2025-12-30T16:00:00.000Z","declarationDate":"2026-03-29T16:00:00.000Z","stockId":3000000013601,"sao":"2025年整体看权益市场呈现上行态势，结构性行情特征明显。科技成长板块成为全年绝对主线，通信、电子及电力设备行业涨幅较大。市场季度分化表现明显，从年初震荡调整到三季度的行情全面爆发，再到四季度高位分化，反应了市场预期变化及场内资金的活跃态势。政策面方面也不断释放积极信号，引导长期资金不断入市，提升权益投资比重。一季度权益市场走势分化，投资者对于经济复苏力度呈明显观望态度，有色金属、汽车和机械设备表现突出，其他板块表现欠佳。二季度宏观经济数据逐步改善，市场信心修复，行情整体企稳回升，主要指数全面上涨。上证指数表现领先，军工、通信及银行板块表现突出，带动指数上行，风险偏好进一步提升。三季度制造业产能利用率出现拐点信号，出口结构持续优化，不断增强市场信心。权益市场迎来爆发式增长，科技板块全面爆发，通信、电子和电力设备板块领涨，均有超过40%的涨幅。四季度A股整体维持高位震荡，经历前期算力权重股的大幅上涨之后，全球关于AI泡沫的讨论愈演愈烈，市场也受到海外AI叙事的影响出现明显回调。前期作为领涨板块的算力硬件板块回调，带动市场风险偏好下行，成交量缩量。其余弱势板块如消费，银行，新能源及化工板块在四季度均有所表现。十二月下旬，跨年行情提前演绎，上证指数录得十一连阳。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，反内卷推动产业内供求关系向健康方向发展，行业内出现涨价现象，产业出清阶段性取得成果，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的联接基金，光伏ETF联接基金的主要持仓为光伏ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","lastUpdated":"2026-03-30T13:33:17.120Z","mo":"光伏50ETF跟踪中证光伏产业指数，覆盖于硅片、多晶硅、电池片、电缆、光伏玻璃、电池组件、逆变器、光伏支架和光伏电站等光伏上中下游全产业链。由于碳减排提速，推动了新能源发电的需求上升。我国光伏产能和资源禀赋优异，成本快速下降推动了平价时代的到来。匹配储能发展，电力行业减排、发电结构的改善需要，均需要低成本高效率的光伏来实现，行业具备巨大的发展潜力。近两年来，光伏产业全产业链经历了价格的大幅下跌，行业产能有所去化，主管部门也从反内卷层面推动行业产能去化。后续光伏行业有望否极泰来。长期来看，国内光伏技术位居全球领先地位，全球降低碳排放，实现能源结构转型的长期目标也没有发生变化，光伏板块具有较好的长期配置价值。","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2025年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1450657","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a79","date":"2025-09-29T16:00:00.000Z","declarationDate":"2025-10-27T16:00:00.000Z","stockId":3000000013601,"sao":"2025年三季度，A股市场在多重利好共振下大幅走强，主要指数均实现显著上涨，市场活跃度提升。季末受外部关税扰动出现短期震荡，但市场长期向好趋势不变。光伏50ETF联接跟踪的光伏50ETF单季度涨幅达41.92%。光伏产业链总体需求平稳，但受制于各环节产能高于实际需求，产业链景气度仍然受到一定压制。不过供给侧边际变化正从纯粹行业自律向政策引导转变，“反内卷”驱动低效低质产能持续出清，供给侧改革方向逐步明确。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值也更为合理。作为跟踪标的指数的被动型基金的联接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","lastUpdated":"2026-03-09T13:50:36.508Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2025年第3季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1377437","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a78","date":"2025-06-29T16:00:00.000Z","stockId":3000000013601,"sao":"2025年一季度A股行情呈现震荡走势，科技板块表现亮眼，光伏50ETF联接跟踪的光伏50ETF总体呈现震荡下跌走势，一季度下跌5.13%。2025年二季度A股市场先下后上，受4月初关税影响，A股大幅回调，但在“国家队”出手后迅速止跌企稳。光伏50ETF联接跟踪的光伏50ETF4月初大幅下跌后有所反弹，二季度下跌5.64%。光伏产业链总体需求持续增长，但受制于各环节产能高于实际需求，价格跌势仍在持续，市场对产业链出清仍然信心不足。不过供给侧边际变化正从纯粹行业自律向政策引导转变，供给侧改革方向逐步明确。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值也更为合理。作为跟踪标的指数的被动型基金的联接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2025-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.506Z","mo":"光伏50ETF联接基金跟踪中证光伏产业指数，覆盖于硅片、多晶硅、电池片、电缆、光伏玻璃、电池组件、逆变器、光伏支架和光伏电站等光伏上中下游全产业链。由于碳减排提速，推动了新能源发电的需求上升。我国光伏产能和资源禀赋优异，成本快速下降推动了平价时代的到来。匹配储能发展，电力行业减排、发电结构的改善需要，均需要低成本高效率的光伏来实现，行业具备巨大的发展潜力。近两年来，光伏产业全产业链经历了价格的大幅下跌，行业产能有所去化，主管部门也从政策层面推动行业产能去化。后续光伏行业有望迎来供给侧改革，实现否极泰来。长期来看，国内光伏技术位居全球领先地位，全球降低碳排放，实现能源结构转型的长期目标也没有发生变化，光伏板块具有较好的长期配置价值。","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2025年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1348038","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a77","date":"2025-03-30T16:00:00.000Z","stockId":3000000013601,"sao":"2025年一季度A股行情呈现震荡走势，科技板块表现亮眼，光伏50ETF联接跟踪的光伏50ETF总体呈现震荡下跌走势。光伏行业总体需求尚可，硅片，电池片和组件价格修复，带动盈利改善，辅材环节毛利率触底回升。短期的贸易保护主义抬头增加关税成本，长期来看，目前市场对产业链出清仍然信心不足，对于短期需求也较为敏感。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的联接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2025-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.503Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2025年第1季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1271198","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a76","date":"2024-12-30T16:00:00.000Z","stockId":3000000013601,"sao":"2024年全年维度来看，光伏50指数整体呈弱势震荡走势。一季度，市场走势先下后上，政策呵护市场决心更加坚决，在结束一月份的流动性危机引起的非理性杀跌后，市场在二三月迎来强力反弹，沪深300指数2月触底后反弹接近11.25%，摆脱持续下跌通道，重拾向上走势。一季度以来政策呵护市场的决心不变，三月迎来重要会议，各部委出台稳投资促消费等措施，针对设备更新及消费以旧换新方面，拓宽国内需求。一季度由于海外市场PMI回升，存在被动补库需求，出海链主题表现亮眼，一季度出口数据超预期，价格指数有所回升，对于经济基本面有一定的提振作用。一季度光伏行业为需求淡季，1-2月排产季节性环比下行，海外市场中印度、巴西等仍将保持高景气。3月排产环比增加50%以上，节后下游需求重启，产业链价格触底反弹，胶膜、粒子率先涨价，组件厂商也发布涨价函，需求旺盛，光伏消纳红线取消也进一步催化板块的反弹行情。二季度，市场整体走势震荡向下，回调幅度比较大，个别指数跌破新低。经济数据疲软，金融数据不及预期，整体市场缺乏信心需求不足，风险偏好萎缩，成交量显著下降。美国下半年因为关税政策变化，出货节奏放缓。但是短期的贸易保护主义抬头增加关税成本，长期来看，目前市场对于市场出清仍然信心不足，对于短期需求也较为敏感，使得行业经过一季度反弹后后继乏力。三季度，市场整体走势先下后上，截至九月底前，市场回调幅度比较大，个别指数跌破新低。经济数据疲软，金融数据不及预期，整体市场缺乏信心需求不足，风险偏好萎缩，成交量低位徘徊。九月底三大金融监管机构出台宽松政策，大幅超出市场预期，风险偏好在极端位置得以扭转，月底几个交易日各大指数出现大级别反弹，短期估值快速修复，逆转之前颓势。四季度A股行情在经历了前期大幅反弹之后，整体呈现震荡调整态势。沪指在9月底政策刺激之后一度快速升破3600点，但随后由于获利盘回吐因素，四季度陷入震荡调整，最终四季度沪指录得涨幅0.46%。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值更为合理，配置价值凸显，静待行业出清后的供给侧机会。作为跟踪标的指数的被动型基金的联接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2025-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.500Z","mo":"展望2025年一季度，增量财政政策以及各部委陆续出台针对实体经济的支持政策，对于发展先进的新质生产力稳经济基本盘，正向作用正在显现。四季度伴随基本面持续修复，市场在估值快速反弹修复后，经过了一个季度的消化整理，适逢两会窗口期，市场对于新的增量政策有所期待，有望迎来稳定向上行情。在成本、需求等不利因素影响下，新能源产业依然展现了强大的韧性。碳中和政策的催化下，新能源产品技术迭代加快，海内外需求保持强劲。从中长期角度来看，产业链消化过剩产能，行业龙头获得更多市场份额，更有利于新能源产业的健康发展，长期看好碳中和背景下新型电力体系的投资机会。","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2024年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1253196","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a75","date":"2024-09-29T16:00:00.000Z","stockId":3000000013601,"sao":"2024年三季度，市场整体走势先下后上，截至九月底前，市场回调幅度比较大，个别指数跌破新低。经济数据疲软，金融数据不及预期，整体市场缺乏信心需求不足，风险偏好萎缩，成交量低位徘徊。九月底三大金融监管机构出台宽松政策，大幅超出市场预期，风险偏好在极端位置得以扭转，月底几个交易日各大指数出现大级别反弹，短期估值快速修复，逆转之前颓势。光伏行业总体需求尚可，主要是欧美，中东需求较为旺盛。美国下半年因为关税政策变化，出货节奏放缓。短期的贸易保护主义抬头增加关税成本，长期来看，目前市场对产业链出清仍然信心不足，对于短期需求也较为敏感，行业经过一季度的反弹后后继乏力。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的联接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2024-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.492Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2024年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1175418","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a74","date":"2024-06-29T16:00:00.000Z","stockId":3000000013601,"sao":"2024年一季度，市场走势先下后上，政策呵护市场决心更加坚决，在结束一月份的流动性危机引起的非理性杀跌后，市场在二三月迎来强力反弹，沪深300指数2月触底后反弹接近11.25%，摆脱持续下跌通道，重拾向上走势。一季度以来政策呵护市场的决心不变，三月迎来重要会议，各部委出台稳投资促消费等措施，针对设备更新及消费以旧换新方面，拓宽国内需求。一季度由于海外市场PMI回升，存在被动补库需求，出海链主题表现亮眼，一季度出口数据超预期，价格指数有所回升，对于经济基本面有一定的提振作用。一季度光伏行业为需求淡季，1-2月排产季节性环比下行，海外市场中印度、巴西等仍将保持高景气。3月排产环比增加50%以上，节后下游需求重启，产业链价格触底反弹，胶膜、粒子率先涨价，组件厂商也发布涨价函，需求旺盛，光伏消纳红线取消也进一步催化板块的反弹行情。2024年二季度，市场整体走势震荡向下，回调幅度比较大，个别指数跌破新低。经济数据疲软，金融数据不及预期，整体市场缺乏信心需求不足，风险偏好萎缩，成交量显著下降。光伏行业总体需求尚可，全年650GW需求可实现，Q4可能会有起量，主要是欧美，中东需求较为旺盛。美国下半年因为关税政策变化，出货节奏放缓。但是短期的贸易保护主义抬头增加关税成本，长期来看，目前市场对于市场出清仍然信心不足，对于短期需求也较为敏感，使得行业经过一季度反弹后后继乏力。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的链接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2024-07-18T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.488Z","mo":"展望2024年三季度，七月重要会议落地之后对于后续经济工作会形成新的指导和方向，对于发展先进的新质生产力稳经济基本盘，会有较为明显的正向作用。经过二季度市场比较充分的调整，三季度有望迎来反弹行情。在成本、疫情等不利因素影响下，新能源产业链依然展现了强大的韧性。碳中和政策的催化下，新能源产品技术迭代加快，海内外需求保持强劲，随着光伏产业链上游硅料硅片价格的筑底企稳，下游组件商排产将更加积极。从中长期角度来看，产业链上游降价有利于改善下游盈利，更有利于新能源产业的健康发展，长期看好碳中和背景下新型电力体系的投资机会。","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2024年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1148019","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a73","date":"2024-03-30T16:00:00.000Z","stockId":3000000013601,"sao":"2024年一季度，市场走势先下后上，政策呵护市场决心更加坚决，在结束一月份的流动性危机引起的非理性杀跌后，市场在二三月迎来强力反弹，沪深300指数2月触底后反弹接近11.25%，摆脱持续下跌通道，重拾向上走势。一季度以来政策呵护市场的决心不变，三月迎来重要会议，各部委出台稳投资促消费等措施，针对设备更新及消费以旧换新方面，拓宽国内需求。一季度由于海外市场PMI回升，存在被动补库需求，出海链主题表现亮眼，一季度出口数据超预期，价格指数有所回升，对于经济基本面有一定的提振作用。一季度光伏行业为需求淡季，1-2月排产季节性环比下行，海外市场中印度、巴西等仍将保持高景气。3月排产环比增加50%以上，节后下游需求重启，产业链价格触底反弹，胶膜、粒子率先涨价，组件厂商也发布涨价函，需求旺盛，光伏消纳红线取消也进一步催化板块的反弹行情。但是长期逻辑来看，短期市场需求好转使得行业出清需要更多时间，目前市场对于市场出清仍然信心不足，对于短期需求较为敏感。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的联接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2024-04-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.479Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2024年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1072326","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a72","date":"2023-12-30T16:00:00.000Z","stockId":3000000013601,"sao":"2023年上半年，经济整体呈现“先上后下”的特征，一季度是疫后经济的正常化修复，二季度是内外部去库存共振，二次阳性对经济也存在一定的扰动。映射到A股市场的表现，也是呈现一季度上涨后转弱，二季度震荡下跌的走势。上半年市场存量博弈情绪浓重，各板块轮动加快，指数表现分化严重，进入二季度后TMT板块冲高回调，电力设备新能源板块表现不佳，2023年上半年中证光伏产业指数下跌幅度超过10%。一季度市场逐步修复对于经济过度悲观预期，市场呈现普涨。光伏行业受到上游硅料降价的影响，下游排产观望情绪加重，市场对于未来的产能过剩和行业装机量不及预期有所担忧。新能源车厂家纷纷降价促销，产业链博弈情绪引发市场对于需求的担忧。二季度随着上游硅料价格触底企稳，部分环节如电池涨价，基本面触底反弹。硅料环节现阶段库存已经处于合理水平，价格止跌企稳，硅料价格保持稳定使得下游排产有望进一步提升。三季度国内总体来讲，政策方面给予市场极大的支持。七月底的政治局会议之后，印花税下调，规范大股东减持行为及量化交易等举措，无疑都表明了市场的政策底已经出现。但是外围市场来讲，北向资金持续卖出A股资产，美债利率和美元指数维持高位，全球市场资产产生很强的正相关性，均有不同程度下跌。四季度，经济基本面经过三季度的温和回升之后四季度数据出现回踩，12月制造业PMI 录得49.0，价格指数仍然处于低位徘徊。虽然四季度数据走弱呈现一定的季节性特征，但是市场信心不足仍然延续，总体呈现弱势震荡格局。四季度以来政策呵护市场的决心不变，不断出台规范减持及引入长期投资者等措施，对于长期活跃资本市场奠定基础。中证光伏产业指数行业表征了整个光伏全产业链等新能源相关上市公司的市场表现，四季度产业链相关产品价格延续下行趋势，行业需求增速下滑担忧尚未消除，2023全年中证光伏产业指数下跌近36.38%。四季度光伏行业产业链博弈加剧，产业链整体走向仍然不明朗，硅料环节由于供给相对刚性，挺价能力较强；但下游硅片和电池片成交价格下跌，市场主要还是对于需求担忧尚未消解。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的联接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2024-01-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.459Z","mo":"展望2024年一季度，稳增长措施逐步落地，年初有望形成实物工作量，外围美债利率和美元指数见顶回落，2024上半年预计美国通胀持续回落逐渐进入降息周期，且国内复苏方向确定，各大指数均处于历史分位数的绝对低位，市场有望走出底部震荡阶段重回上涨趋势。 在成本、疫情等不利因素影响下，新能源产业链依然展现了强大的韧性。碳中和政策的催化下，新能源产品技术迭代加快，海内外需求保持强劲，随着光伏产业链上游硅料硅片价格的筑底企稳，下游组件商排产将更加积极。从中长期角度来看，产业链上游降价有利于改善下游盈利，更有利于新能源产业的健康发展，长期看好碳中和背景下新型电力体系的投资机会。","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2023年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1054627","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a71","date":"2023-09-29T16:00:00.000Z","stockId":3000000013601,"sao":"2023年三季度，虽然经济基本面读数连续数月触底温和回升，9月PMI 录得50.2，自3月份以来景气重回扩张区间，价格指数也有所趋稳，但是受到北向资金和外围市场的影响，三季度市场总体呈现弱势下跌格局，具有明显的底部震荡特征。三季度国内总体来讲，政策方面给予市场极大的支持。七月底的政治局会议之后，印花税下调，规范大股东减持行为及量化交易等举措，无疑都表明了市场的政策底已经出现。但是外围市场来讲，北向资金持续卖出A股资产，美债利率和美元指数维持高位，全球市场资产产生很强的正相关性，均有不同程度下跌。中证光伏产业指数表征了整个光伏全产业链等新能源相关上市公司的市场表现，三季度产业链相关产品价格延续下行趋势，行业需求增速下滑，担忧尚未消除，2023年三季度中证光伏产业指数下跌近20%。三季度光伏行业产业链博弈加剧，产业链整体走向仍然不明朗，硅料环节由于供给相对刚性，挺价能力较强；但下游硅片和电池片成交价格下跌，市场主要还是对于需求担忧尚未消解。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的链接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2023-10-24T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.449Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2023年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=989949","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a70","date":"2023-06-29T16:00:00.000Z","stockId":3000000013601,"sao":"2023年上半年，经济整体呈现“先上后下”的特征，一季度是疫后经济的正常化修复，二季度是内外部去库存共振，二次阳性对经济也存在一定的扰动。映射到A股市场的表现，也是呈现一季度上涨后转弱，二季度震荡下跌的走势。上半年总体来讲，市场存量博弈情绪浓重，各板块轮动加快，指数表现分化严重，进入二季度后TMT板块冲高回调，电力设备新能源板块表现不佳，2023年上半年中证光伏产业指数下跌幅度超过10%。一季度市场逐步修复对于经济过度悲观预期，市场呈现普涨。光伏行业受到上游硅料降价的影响，下游排产观望情绪加重，市场对于未来的产能过剩和行业装机量不及预期有所担忧。新能源车厂家纷纷降价促销，产业链博弈情绪引发市场对于需求的担忧。二季度随着上游硅料价格触底企稳，部分环节如电池涨价，基本面触底反弹。硅料环节现阶段库存已经处于合理水平，价格止跌企稳，硅料价格保持稳定使得下游排产有望进一步提升。总体来说碳中和主题是一个长期且确定的主题，中长期角度来看，光伏行业整体景气度仍然处于扩张区间，经过调整之后光伏企业估值更为合理，配置价值凸显。作为跟踪标的指数的被动型基金的链接基金，光伏50ETF联接基金的主要持仓为光伏50ETF，本基金根据申赎情况进行调仓，保持90%以上仓位，以更好的跟踪光伏50指数的表现。","declarationDate":"2023-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.443Z","mo":"展望2023年三季度，国内复苏方向虽然确定，但是二季度经济读数低于预期，经济景气度持续乏力，短期内市场在这个位置博弈情绪加重。后续关注七月政治局会议对于稳增长或有增量政策措施出台，对于市场后续发展或有催化作用。在成本、疫情等不利因素影响下，新能源产业链依然展现了强大的韧性。碳中和政策的催化下，新能源产品技术迭代加快，海内外需求保持强劲，随着二季度产业链上游硅料硅片价格的筑底企稳，下游组件商排产更加积极。从中长期角度来看，产业链上游降价有利于改善下游盈利，更有利于新能源产业的健康发展，长期看好碳中和背景下新型电力体系的投资机会。","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2023年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=958596","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a6f","date":"2023-03-30T16:00:00.000Z","stockId":3000000013601,"sao":"今年一季度在经济复苏的背景下，国内A股整体走强。主要指数方面，上证指数上涨约6%，科创50和中证500指数表现较强，而上证50和创业板指数涨幅则较少。行业方面，申万一级行业中计算机、传媒和通信行业表现居前，涨幅在29%至37%左右，而地产、零售和银行业则出现了个位数的跌幅，结构性复苏的特征较为明显。国内经济方面，年初随着疫情高峰的逐渐度过以及刺激内需的政策出台，交投情绪回暖，北向资金大幅流入，市场出现反弹。春节后“强预期、弱现实”的状况，使得市场有一定的震荡调整。海外方面，快速加息带来的负面效果在一季度有所体现：SVB硅谷银行闪崩风波尚未平息，百年大行瑞信再陷危机，席卷欧美银行业的风暴再度引发全球金融市场震荡，市场避险情绪蔓延。欧美监管机构及时出面“灭火”，恐慌情绪有所缓解，但市场对加息见顶的预期上升。主题方面，在数字经济、信创和ChatGPT概念的带动下，市场资金在一季度集中追捧AI相关的TMT产业链。作为完全跟踪标的指数的被动型基金，本基金避免了不必要的主动操作，减少了交易冲击成本，并通过精细化管理确保基金组合与指数权重基本一致。","declarationDate":"2023-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.435Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2023年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=888651","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a6e","date":"2022-12-30T16:00:00.000Z","stockId":3000000013601,"sao":"今年以来，国内A股走势主要受到新冠疫情、宏观基本面下行、美元货币政策和地缘政治等影响。上半年国内A股市场受疫情的影响较大：从国内经济情况来看，统计局的数据显示国内一至二月份在消费、进出口和固定资产投资增速方面都有不错表现，但三月份全国范围内爆发的新一轮疫情，使得部分地区的供给和需求都受到了极大的影响，A股市场也在疫情期间表现疲弱。而随着四月底国内疫情逐步得到控制后，市场对上半年经济的担忧得到缓解，A股开始止跌企稳。于此同时，包括5月中旬的LPR调降在内，央行持续释放出流动性，维持了金融市场的宽松状态，加上稳增长政策的不断推出，支撑了A股的整体估值修复。下半年，受到高温限电、地产行业信用问题、经济数据疲弱和疫情散点扩散等因素的影响，三季度经济表现的较为疲弱：一方面，高温和疫情影响了部分行业的复工进度，并导致消费修复预期减弱；另一方面，在地产投资不断下滑和停工停贷的背后，是宏观政策下的房地产行业景气度持续低迷，房地产行业对宏观经济的影响仍不容忽视。进入十月份后，随着二十大的胜利召开，政策红利不断推出，在国内疫情防控政策优化、地产融资政策放松落地等利好，以及美国通胀回落的影响下，上证综指反弹至3300点以上，年末最终收于3089.26点，全年下跌15%左右；同期沪深300指数、中证500指数、创业板和科创50等主要指数均有20%至30%左右的跌幅，大盘股相比于中小盘表现略占优。从申万一级行业来看，今年大部分行业都处于震荡下跌中，相对表现最好的行业是煤炭行业：在全球能源价格上涨及火电需求增加的背景下，煤炭企业在今年上半年利润表现较为出色。表现较差的则是受疫情影响较大的电子、建材和传媒行业。从估值的角度来看，截至2022年底，A股指数估值多处于历史低位，除了成长风格的指数估值仍在中位数附近以外，多数指数估值均处于历史10%分位数左右，具有较好的配置性价比。分行业来看，社会服务、汽车等行业的估值较高，而有色、通信、煤炭等行业的估值较低。作为完全跟踪标的指数的被动型基金，本基金避免了不必要的主动操作，减少了交易冲击成本，并通过精细化管理确保基金组合与指数权重基本一致。","declarationDate":"2023-01-19T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.432Z","mo":"展望2023年，随着稳增长政策的不断起效和疫情冲击预期逐渐淡化，市场整体仍将维持震荡态势。一季度前期受到疫情尾部冲击和农历新年的影响，整体经济基本面大概率仍然较弱，但随着产业政策的落地和线下消费的复苏，经济增长动能将逐渐修复，经济数据也有望在二三季度逐期改善。财政和货币政策方面，积极的财政政策和稳健的货币政策仍是明年的主线：随着我国经济的恢复，通胀预期可能会逐渐抬升，但预期流动性整体仍将维持较为宽松的状态，以帮助经济更好的恢复活力。配置方面，稳增长、消费复苏和高端制造仍是具备阿尔法优势的投资主题。目前A股估值水平相对较低，未来一段时间随着内部经济的恢复和外部美元货币政策出现拐点，我国权益资产对海内外资金的吸引力或将进一步提升，管理人对2023年的大部分资产的表现均抱有乐观态度。由于碳减排提速，推动了新能源发电的需求上升；而我国光伏产能和资源禀赋优异，成本快速下降推动了平价时代的到来。匹配储能发展，电力行业减排、发电结构的改善需要，均需要低成本高效率的光伏来实现，行业具备巨大的发展潜力。随着上游硅料供给得到改善，硅片龙头企业在去年底开启了产品降价周期，进一步扩大了主产业链龙头企业未来的竞争优势。而产业链上游原料下降，将使得中下游企业成本压力得到缓解，叠加2023年光伏装机需求的扩大，行业整体利润将有不断上升的空间。投资者或可利用国泰中证光伏产业ETF联接基金，积极把握光伏行业趋势性的投资机会","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2022年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=866412","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a6d","date":"2022-09-29T16:00:00.000Z","stockId":3000000013601,"sao":"2022年三季度,A股市场呈现了单边下跌的态势，上证指数由3400点附近，下跌至3024左右，跌幅超过11%。其他宽基指数也均有所下跌：深证成指下跌16.4%，沪深300指数下跌15.2%，上证50指数下跌14.7%，中证500下跌11.5%，创业板指数跌幅则达到了18.6%。从内部方面来看，三季度受到高温限电、地产断贷和疫情散点扩散等因素的影响，经济整体表现较为疲弱。一方面，高温和疫情影响了部分行业的复工进度，并导致消费修复预期减弱；另一方面，在地产投资不断下滑和停工停贷的背后，是购房者预期变化导致的房地产销售低迷，房地产行业对宏观经济的影响仍不容忽视。从外部方面来看，美联储加快加息、俄乌冲突升级和欧洲能源危机，都对国内行业造成了不同程度的影响。从估值方面来看，三季度A股整体估值持续向下，目前市场估值与4月底接近，已经回到历史市场大底时的估值水平，投资者仓位、交易热度均降至历史低位。分行业来看，受益于全球能源价格的上涨，三季度申万一级行业中，煤炭、综合和石油石化行业的表现较好，而属于地产产业链的建筑材料行业则表现居末。作为完全跟踪标的指数的被动型基金，本基金避免了不必要的主动操作，减少了交易冲击成本，并通过精细化管理确保基金组合与指数权重基本一致。","declarationDate":"2022-10-25T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.429Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2022年第三季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=807254","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a6c","date":"2022-06-29T16:00:00.000Z","stockId":3000000013601,"sao":"2022年上半年,A股市场呈现了下跌后反弹的V形走势，但整体反弹力度未及年初3600点左右。宽基指数均有所下跌：上证指数在4月份大幅下跌至2863点后，进入了持续两个月反弹状态，上半年下跌6.63%；沪深300指数下跌9.22%；以大盘蓝筹为代表的上证50指数前六个月下跌6.59%，而以科技成长为代表的创业板指数和科创50指数则跌幅较多，分别为15.41%和20.92%。从宏观策略上来看，上半年国内A股市场受疫情的影响较大：从国内经济情况来看，统计局的数据显示国内一至二月份在消费、进出口和固定资产投资增速方面都有不错表现，但三月份全国范围内爆发的新一轮疫情，使得部分地区的供给和需求都受到了极大的影响，A股市场也在疫情期间表现疲弱。而随着四月底国内疫情逐步得到控制后，市场对上半年经济的担忧得到缓解，A股开始止跌企稳。于此同时，包括5月中旬的LPR调降在内，央行持续释放出流动性，维持了金融市场的宽松状态，加上稳增长政策的不断推出，支撑了A股的整体估值修复。外部方面，上半年美国通胀数据屡创数十年新高，迫使美联储加快紧缩步伐以追赶通胀曲线。美联储先后在3月加息25bp、5月加息50bp、6月加息75bp，上半年累计加息150bp。外资方面，经历了估值调整后的国内资产对海外资金的吸引力再度体现，北上资金的流入也出现了显著回升，今年以来北上资金累计净流入已经超过700亿元，在一定程度上也助力了市场反弹。分行业来看，申万一级行业中，表现最好的行业是煤炭行业，在全球能源价格上涨的背景下，煤炭企业在今年上半年利润表现较为出色；表现居末的则是在疫情及去库存等因素影响下的终端需求疲弱,和加息背景下估值受到压制的电子、计算机等成长行业。作为完全跟踪标的指数的被动型基金，本基金避免了不必要的主动操作，减少了交易冲击成本，并通过精细化管理确保基金组合与指数权重基本一致。","declarationDate":"2022-07-20T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.426Z","mo":"展望下半年，至四月底疫情得到控制以来，市场信心显著增强，A股市场风险偏好明显提升，复苏逻辑或将在三季度继续得到演绎：首先从供需方面来看，随着疫情逐步得到控制和各项稳增长政策不断落地，前期被疫情压制的需求将在三季度得到释放，而在防疫压力降低后，全国复工复产和供应链修复被充分验证，在“量”的方面，产能供给将能够较好的满足当前社会需求的回升；其次，在当前经济周期下，我国的货币和财政政策较海外有明显的继续发力空间，使得下半年我国能够较好的抵御海外高通胀和货币政策紧缩的风险。最后，A股在经历了上半年的调整后，估值水平相对全球仍然较低，对海外资金和我国居民配置型资产的吸引力或将进一步增强。由于碳减排提速，推动了新能源发电的需求上升；而我国光伏产能和资源禀赋优异，成本快速下降推动了平价时代的到来。匹配储能发展，电力行业减排、发电结构的改善需要，均需要低成本高效率的光伏来实现，行业具备巨大的发展潜力。随着上游硅料供给得到改善，硅片龙头企业在去年底开启了产品降价周期，进一步扩大了主产业链龙头企业未来的竞争优势。而产业链上游原料下降，将使得中下游企业成本压力得到缓解，叠加2022年光伏装机需求的扩大，行业整体利润将有不断上升的空间。投资者或可利用国泰中证光伏产业ETF联接基金，积极把握光伏行业趋势性的投资机会","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2022年中期报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=780705","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a6b","date":"2022-03-30T16:00:00.000Z","stockId":3000000013601,"sao":"2022年一季度，A股市场呈现了较为明显的下跌走势：上证指数下跌10.65%，沪深300指数下挫14.53%，以大盘蓝筹为代表的上证50指数一季度下跌11.47%，而以科技成长为代表的创业板指数和科创50指数的跌幅则分别为19.96%和21.97%。一季度市场下跌的三个主要因素是：疫情冲击国内经济、美联储加息和俄乌冲突引发的通胀上行。首先，从国内经济情况来看，尽管一季度统计局的数据显示国内一至二月份在消费、进出口和固定资产投资增速方面都有不错表现，但三月份全国爆发的新一轮疫情，使得很多城市被迫采取严格的封控措施，其中不乏经济较为发达的城市。这些措施会对国内消费产生抑制，并在短期影响实体经济；其次，从美联储加息来看，3月中旬的加息开启了流动性收紧的周期，中美利差的不断收窄，也引发了部分外资留出A股；最后，从俄乌冲突来看，这不仅是一次严重的地缘政治危机，也在冲击全球供应链导致通胀上行和避险情绪抬升等方面，对全球金融市场产生了负面影响。分行业来看，申万一级行业中的煤炭和房地产行业涨幅居前，主要原因在于供给不足导致的能源价格提升和房地产政策边际预期改善；而电子、国防军工和汽车等行业的跌幅较大，则是由通胀导致的成本提升、全球利率调整带来的成长板块估值下行等原因造成。作为完全跟踪标的指数的被动型基金，本基金避免了不必要的主动操作，减少了交易冲击成本，并通过精细化管理确保基金组合与指数权重基本一致。","declarationDate":"2022-04-21T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.423Z","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2022年第一季度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=728369","linkType":"PDF","source":"csrc_pdf"}},{"_id":"69aed02c7fea5b3eb0508a6a","date":"2021-12-30T16:00:00.000Z","stockId":3000000013601,"sao":"2021年四季度，尽管全球复苏仍在持续，但国内经济在高基数下已呈现一定的增速下行压力，内需消费投资均表现疲弱，三驾马车仅有外需出口依然保持强劲。经济政策方面，调结构和防风险政策的持续发力，稳定了经济增长；而货币政策灵活、精准、跨周期的调节，则保障了市场流动性维持宽松。随着通胀压力逐步缓解和工业生产保持稳定，四季度A股各主要指数整体较三季度末均有小幅上涨：上证综指上涨2.01%、沪深300指数上涨1.52%、创业板指数上涨2.40%，中证500指数涨幅3.60%，而深圳成指则斩获了3.83%的正收益，小盘股的表现整体略强于大盘股。与此同时，在行业景气复苏节奏不一、结构调整政策陆续生效的影响下，也使得A股市场在四季度呈现了显著的高波动和分化迹象：申万一级行业中，传媒和军工行业表现较好，涨幅分别为20.61%和16.39%；而表现较差的煤炭和钢铁行业则是在供给政策纠偏和前期涨幅较大的前提下，录得12.60%和9.41%的下跌。作为完全跟踪标的指数的被动型基金，本基金避免了不必要的主动操作，减少了交易冲击成本，并通过精细化管理确保基金组合与指数权重基本一致。","declarationDate":"2022-01-23T16:00:00.000Z","lastUpdated":"2026-03-09T13:50:36.420Z","mo":"展望后市，2022年A股会面临包括：美联储在内的多国央行陆续进行货币政策调整、疫情导致的全球供给逐渐修复但疫情仍有反复、国内上半年经济下行压力依然较大等不确定因素。但另一方面，随着今年稳增长政策持续发力、固定资产投资的预期放松以及内需的逐步改善，意味着今年中国经济仍具备较强韧性。而企业盈利维持稳定，经济增长将大概率符合预期水平，会使得A股在2022年仍然存在较强的正收益预期。从更长的时期来看，我国居民资产配置持续变化，权益资产权重逐年上升，让A股获得了长期且稳定的系统性资金支持，进一步强化了A股的长期配置价值。由于碳减排提速，推动了新能源发电的需求上升；而我国光伏产能和资源禀赋优异，成本快速下降推动了平价时代的到来。匹配储能发展，电力行业减排、发电结构的改善需要，均需要低成本高效率的光伏来实现，行业具备巨大的发展潜力。随着上游硅料供给得到改善，硅片龙头企业在四季度开启了产品降价周期，进一步扩大了主产业链龙头企业未来的竞争优势。而产业链上游原料下降，将使得中下游企业成本压力得到缓解，叠加2022年光伏装机需求的扩大，行业整体利润将有不断上升的空间。投资者可利用国泰中证光伏产业ETF联接基金，积极把握光伏行业趋势性的投资机会","fund":{"_id":3000000013601,"__csrcFundId":10216,"stockCode":"013601","shortName":"国泰中证光伏产业ETF发起联接(013601)","fundSecondLevel":"company","stockType":"fund","areaCode":"cn","market":"a","tickerId":13601,"currency":"CNY","masterFundFlag":1,"lastUpdated":"2026-05-01T17:12:56.880Z","status":"normal","exchange":"jj","inceptionDate":"2021-10-19T16:00:00.000Z","name":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金","fundCollectionId":4000050010000,"masterFundShortName":"国泰中证光伏产业ETF发起联接","followedNum":1,"setUpDate":"2021-10-19T16:00:00.000Z","setUpAssetScale":10146854.49,"setUpShares":10146854.49,"pinyin":"gtzzgfcyjyxkfszszqtzjjfqsljjj","__indexSourceEastMoney":1,"__indexSourceCsi":1,"etfFundFlag":1,"feederFundFlag":1,"indexFundFlag":1,"indexId":1000000931151,"managers":[{"stockCode":"db20727024","stockType":"fund_manager","exchange":"fm","tickerId":2325190100,"name":"王玉"}]},"announcement":{"linkText":"国泰中证光伏产业交易型开放式指数证券投资基金发起式联接基金2021年年度报告","linkUrl":"http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=710470","linkType":"PDF","source":"csrc_pdf"}}]}