Today (July 23), the battery industry chain led the market with strong gains. The on-market price of the New Energy Battery ETF Huabao (159071), which focuses on the energy storage industry chain, fluctuated and climbed throughout the trading session, surging 3.93% to close at the day's high.
Regarding constituent stocks, Mingyang Electric and Jinpan Technology rose over 10%, Deye Holdings hit the 10% limit-up, Penghui Energy surged over 9%, Sungrow Power Supply Co.,Ltd. jumped over 7%, while stocks like GoodWe, Eaglerise, and Sineng Electric advanced over 6%, and Eve Energy climbed over 4%.
On the news front, the National Development and Reform Commission and the National Energy Administration issued the "Renewable Energy Development Plan for the 15th Five-Year Period." The plan proposes that by 2030, the total installed capacity of renewable energy power generation will reach approximately 3.5 billion kilowatts, with annual power generation reaching about 6 trillion kilowatt-hours. Specifically, the total installed capacity for wind and solar power will exceed 2.8 billion kilowatts, accounting for over 50% of the total, with annual power generation surpassing 4 trillion kilowatt-hours, representing a 30% share of total power generation.
Analysis from a securities research report points out that 2026 marks the first year of the independent energy storage capacity pricing mechanism's implementation, with a national compensation standard of 165–370 yuan/kW·year. The revenue model for energy storage will be composed of spot trading, auxiliary services, and capacity compensation. In resource-rich provinces with mature spot markets, such as Northwest and North China, the internal rate of return (IRR) could reach 6–10%. From January to June 2026, the cumulative capacity for domestic large-scale energy storage EPC bidding/winning reached 304.8/263.89 GWh, representing year-on-year increases of 193% and 298%, respectively. Domestic new grid-connected energy storage from January to June was 60.26 GWh (up 17% year-on-year). It is projected that domestic lithium battery energy storage installations will reach 253 GWh in 2026 (a 44% increase). Grid-forming energy storage, large battery cells, and the integration of computing and power are identified as future trends and directions, supporting demand growth and industry structure optimization. Lithium battery energy storage installations are forecast to reach 354 GWh in 2027 (a 40% increase). The major markets for large-scale storage, China and the U.S., are entering a new growth cycle, with Europe and emerging markets showing diverse growth points. The global large-scale storage market is expected to maintain continuous high growth over the next 2-3 years, and high industry chain prosperity is likely to persist.
Focus on Energy Storage, High "Storage Content"
Energy storage facilities address the core contradiction of mismatched electricity consumption and generation. The surge in electricity demand for computing power is significant and uneven, while the increase in power generation from new energy sources is also substantial and volatile. Energy storage, which smooths out power transmission, has become a critical "lifeline" for the era. The underlying index for the New Energy Battery ETF Huabao (159071)—the CNI New Energy Battery Index—has an over 80% weighting in electrical equipment, covering upstream and downstream sectors related to new energy storage batteries. Its top ten holdings, with a combined weight exceeding 60%, include industry leaders such as Contemporary Amperex Technology, Eve Energy, Envicool, and Sungrow Power Supply Co.,Ltd.
Source: CNI Indices, as of June 30, 2026.
Recent market volatility may be significant; short-term price movements do not indicate future performance, and fund investments may incur losses. Investors must make rational investment decisions based on their own financial situation and risk tolerance, paying high attention to position sizing and risk management. Individual stocks mentioned in this material are for illustrative purposes only; descriptions of these stocks do not constitute investment advice in any form, nor do they represent the holdings information or trading动向 of any fund managed by the management company.
Source: Index companies, Shanghai and Shenzhen Stock Exchanges.
Fund Fee Explanation: Subscription and redemption agents may charge a commission of up to 0.3%. On-market trading fees are subject to the actual charges by securities firms. No sales service fee is charged.
Institutional views reference source: Soochow Securities, July 23, 2026, "Large-Scale Storage Blooms Globally, Residential and Commercial Storage in the Ascendant—2026 Mid-Year Strategy for Energy Storage."
Risk Disclosure
The New Energy Battery ETF Huabao passively tracks the CNI New Energy Battery Index. The base date for this index is December 31, 2014, and its release date is February 16, 2015. This fund is issued and managed by Huabao Fund. Distributing institutions do not assume responsibility for the investment performance or payment obligations of the product. Investors should carefully read the Fund Contract, Prospectus, Fund Product Key Facts Statement, and other fund legal documents to understand the fund's risk-return characteristics and select products suitable for their own risk tolerance. The fund manager assesses this fund's risk level as R3-Medium Risk, suitable for Balanced (C3) and above investors. The suitability matching opinion is subject to the sales institution. Sales institutions (including the fund manager's direct sales channels and other sales institutions) evaluate the fund's risk according to relevant laws and regulations. Investors should promptly pay attention to the suitability opinions issued by sales institutions and base their decisions on the matching results. Suitability opinions from different sales institutions may not necessarily be consistent, and the fund product risk rating results issued by fund sales institutions shall not be lower than the risk rating results made by the fund manager. The descriptions of the fund's risk-return characteristics in the Fund Contract and its risk rating may differ due to different considerations. Investors should understand the fund's risk-return profile and carefully select fund products based on their own investment objectives, horizon, experience, and risk tolerance, bearing the associated risks themselves. The China Securities Regulatory Commission's registration of this fund does not indicate a substantive judgment or guarantee of its investment value, market prospects, or returns. The fund's past performance and its net asset value do not predict its future performance. The performance of other funds managed by the fund manager does not guarantee this fund's performance. Funds carry risks; investment requires caution.