The new energy sector experiences oscillation and differentiation, with energy storage batteries favored by capital, and the industry's medium- to long-term outlook remains optimistic.

The new energy sector surged briefly during this morning’s trading session but then experienced a pullback, showing clear differentiation within the sector. Among them, energy storage performed relatively strongly and became the market’s focus. According to closing data, the China Securities New Energy Battery Index fell by 1.1%, with increased volatility in its constituent stocks, yet the core links of the energy storage battery industry chain still attracted funds.

Looking at the index’s specific performance, the China Securities New Energy Battery Index has increased by 8.9% since the beginning of the year, with an annualized return of 12.4% since its launch and an annualized volatility of 34.7%. In terms of industry distribution, lithium batteries account for 34.0%, inverters for 17.0%, and other power equipment for 11.3%. The top three industries together make up 62.3%, with the index focusing on core areas such as energy storage cell manufacturing, system integration, and liquid cooling.

Compared to two other battery indices, the CSI Battery Theme Index has risen by 1.7% since the start of the year, and the China Securities New Energy Vehicle Battery Index has increased by 2.2%. The CSI Battery Theme Index emphasizes full industry chain coverage, while the China Securities New Energy Vehicle Battery Index focuses more on upstream and midstream segments of new energy vehicle batteries.

In terms of capital flows, the energy storage battery ETF tracking the China Securities New Energy Battery Index—E Fund (159566, Connect Fund A/C: 021033/021034)—today saw a net subscription of 26 million units. Combined with net inflows over the previous five trading days, the fund has attracted over 1.7 billion yuan in total, with its latest size reaching 7.84 billion yuan.

CITIC Securities analysts believe that, against the backdrop of high oil prices, the economic advantages of new energy are becoming increasingly apparent, and demand is expected to accelerate. In the medium to long term, energy security strategies will promote the transformation and upgrading of clean energy, potentially leading to a double boost in valuation and performance for the industry. The high prosperity in the energy storage and wind power sectors is expected to continue.

However, investors should be reminded that fund investments carry risks, and decisions should be made cautiously.