A：There are two main reasons for the recent green power pullback. On the one hand, pricing factors may lead to a pullback; on the other hand, the hourly daily utilization hours of wind power and photovoltaic power (I .e. the actual equipment operation efficiency) are affected by seasonal factors. For example, uneven illumination will lead to a small pullback in power generation under the same installed capacity. This short-term cyclical change will affect the periodic profitability expectation, but will not affect the long-term trend of rising green power installed capacity.

A：If investors look at green power investment from a long-term perspective, there is no need to worry too much about the recent correction due to short-term fluctuations and seasonal effects, as this is more of an expected adjustment to the industry's power generation capacity in the short term.

A：At present, the electricity price of the whole green power market is relatively stable, the green card trading rhythm is healthy, there is no phase of rapid decline or rise changes. The pace of development of the entire market is sound and healthy, and investment in green power should pay more attention to its long-term market narrative.

A：The five-layer cake theory mentioned by Huang Renxun puts energy in the first place, emphasizing the importance of energy, especially green power as the basic energy to support AI development and data center operation. With the development of science and technology and the increase of data centers, the demand for electricity will increase day by day. Therefore, green power will play the role of energy base and infrastructure in the future AI era.

A：The recent correction of the green power index for friends who have not yet configured energy products to provide a better opportunity to get on the bus, it is recommended to one year, three years or five years such a long-term dimension and perspective of green power index investment, rational judgment, in the price is appropriate and recognize its long-term investment logic when the appropriate start. In the index correction, investors should avoid the behavior of chasing up and killing down, rationally analyze the fundamentals, confirm the short-term, medium-term and long-term investment logic of the industry, and make more rational investment decisions in combination with the current market environment. If you are optimistic about the long-term development of green power, you can get on the bus in the callback interval when the price is relatively appropriate and the logic is recognized.

A：In the long-term logic, as the demand for AI electricity increases, policies will guide the use of more green electricity. For example, the future data center needs to meet the requirements of more than 80% of the application of green power. This will help to solve the problem of green power consumption, and through strong policy constraints to promote the national computing center to adopt green power, to achieve green power and computing power synergy, improve the consumption situation, and promote the development of the entire green power sector.

A：At present, the green power plate has undergone adjustment, but in the long run, there is no danger of development. Technology leaders such as Huang Renxun and other attention to the plate increased, and the long-term trend of the plate unchanged. The recent adjustment provides a relatively suitable opportunity to get on the bus, and it is recommended that investors who are optimistic about the power index can participate moderately.

A：The high dividend payout ratio of the Green Power Index and the relatively low historical drawdown rate are attractive. It is suitable for investors who want to invest in energy-related sectors but are not receptive to high-volatility assets, as the index provides better control over portfolio volatility and drawdown while generating dividend income.

A：The main difference between the National Securities New Energy Battery Index and the Tianhong Energy Storage Battery Index is the focus of the energy storage battery. The energy storage battery index is more concentrated on the energy storage end, covering the energy storage battery, inverter, temperature control and system integration, and is more suitable for investors who are optimistic about the energy storage industry and the entire power generation, grid side centralized storage logic. Among them, the Tianhong energy storage battery index has increased significantly in the past year, showing strong explosive power and growth.

A：Because AI data centers require high stability of electricity, in order to prevent grid fluctuations from affecting power supply, large energy storage stations will be built next to the data center to store electricity and ensure that the data center's electricity consumption is not affected by peaks and troughs, which brings growth space and order demand to energy storage companies. The increased importance of energy storage facilities has led to an increase in related investment opportunities, while the sea of power grid equipment has also received similar attention, China has a high proportion of global industrial advantages in the field of power grid equipment to sea, overall reflects the revaluation of power assets and industry narrative changes.

A：The Tianhong Energy Storage Battery Index focuses on the field of energy storage batteries, while the Tianhong CSI Battery Index covers a wider range, including not only energy storage batteries, but also power batteries, consumer electronics batteries and positive and negative poles, diaphragms, electrolyte materials, lithium-ion equipment and thermal management equipment upstream and downstream of the battery industry chain. In this case, it is recommended to pay attention to the Tianhong CSI Battery Index, which covers the battery industry chain such as power batteries, energy storage batteries and consumer electronics batteries, and can invest more widely in the battery industry.

A：At present, the Shanghai index points rose, the gem index fell slightly, the CSI battery index appeared a phased adjustment, of which the gem correction of 1%, the CSI battery index correction of 2.39.

A：The battery sector experienced high volatility in the last month and rebounded yesterday. Huihui recognized the long-term logic of the battery sector and configured it as a high-elasticity configuration position. The CSI battery index has risen about 100 per cent in the past year and the energy storage battery index has risen 88 per cent, both of which are characterized by high volatility and elasticity. It is recommended that investors combine the asset allocation with high and low volatility index, low layout of high-elasticity products and do a good job of band operation, timely bag for safety.

A：In terms of bottom position allocation, we recommend that investors consider investing in assets with low volatility and dividend attributes, such as dividends and green power, which can increase in value at a relatively healthy and stable pace as a basis for a larger proportion of assets.

A：For a small number of satellite positions of funds, you can carry out band operations, in the low to buy highly elastic products, and after reaching the take-profit profit range to sell or capital rotation, such as following the technology, energy and other market to invest.

A：Recently, the index of precious metals, non-ferrous metals, industrial metals, rare earths and other directions has retreated by about 5%, the CSI battery index (code 931719) has retreated by 2.55, and the energy storage battery index has also retreated by 1.9.

A：If you are optimistic about the battery index and have more research and understanding of the direction of energy storage segmentation, it is more suitable to pay attention to the National Securities New Energy Battery Index (Tianhong Energy Storage Battery Index), which tracks the National Securities New Energy Battery Index and covers more energy storage-related industries. If you are optimistic about the overall direction of the battery, want to fully cover the power battery, energy storage battery and consumer electronics battery and other areas, you can pay attention to the Tianhong CSI battery index, the index coverage is wider, the most recent year's index yield of nearly 100, and the most recent month's withdrawal is relatively small.

A：The recent correction in the Green Power Index is mainly due to a technical correction after hitting a phased high in mid-May. In the long run, the growth logic of the green power index has not changed. It is in line with the national energy policy and the direction of global new energy transformation. The recent correction provides an opportunity to buy at a low level.

A：For those who are optimistic about power opportunities and energy transformation, they can pay attention to the national green power index in the callback stage, which has a high content of new energy and spreads the investment risk. At present, the index is at a relatively low level. You can buy more shares at a lower price in the low level, so as to obtain a better investment price/performance ratio.