Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>STAR 50 and STAR 100 are tech-focused, blue-chip indices in Mainland China which track the top largest and most liquid names in the STAR market of the Shanghai Stock Exchange.</li>
<li>In this insight, we look at the potential ADDs/DELs for the STAR50/STAR100 indices for the December 2026 index rebal event.</li>
<li>We expect around US$3.3bn combined one-way flows for STAR 50 and STAR 100 during the December 2026 index rebal event.</li>
</ul>


STAR 50 and STAR 100 are tech-focused, blue-chip indices in Mainland China which track the top largest and most liquid names in the STAR market of the Shanghai Stock Exchange.
In this insight, we look at the potential ADDs/DELs for the STAR50/STAR100 indices for the December 2026 index rebal event.
We expect around US$3.3bn combined one-way flows for STAR 50 and STAR 100 during the December 2026 index rebal event.


Quiddity Leaderboard STAR 50/100 Dec26: US$3.3bn Combined One-Way Flow; Exp.ADDs Down Vs Exp.DELs

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
  <li>Trina Solar is a top-tier, vertically integrated global solar module manufacturer, but is currently facing significant financial headwinds due to severe industry-wide overcapacity and intense price competition. This has led to a sharp decline in revenues, negative net income, and margin collapse in the most recent financial periods provided.</li>
  <li>The company is strategically shifting its focus towards higher-margin products, including high-efficiency n-type TOPCon modules, and expanding its integrated solutions portfolio with energy storage systems (TrinaStorage) and smart tracking systems (TrinaTracker) to mitigate the commoditization of solar panels.</li>
  <li>While the long-term outlook for solar energy demand remains robust, driven by global decarbonization efforts, Trina's near-term prospects are clouded by significant market uncertainty, margin pressure, and geopolitical trade risks, particularly tariffs in key markets like the U.S.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Trina Solar is a top-tier, vertically integrated global solar module manufacturer, but is currently facing significant financial headwinds due to severe industry-wide overcapacity and intense price competition. This has led to a sharp decline in revenues, negative net income, and margin collapse in the most recent financial periods provided.
  The company is strategically shifting its focus towards higher-margin products, including high-efficiency n-type TOPCon modules, and expanding its integrated solutions portfolio with energy storage systems (TrinaStorage) and smart tracking systems (TrinaTracker) to mitigate the commoditization of solar panels.
  While the long-term outlook for solar energy demand remains robust, driven by global decarbonization efforts, Trina's near-term prospects are clouded by significant market uncertainty, margin pressure, and geopolitical trade risks, particularly tariffs in key markets like the U.S.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Trina Solar   (688599 CH) - Apr 2026

Research from ACF Equity Research, ACF Equity Research

ACF Equity Research

Research from ACF Equity Research

Accuracy | Clarity | Foresight

ACF was set up to improve the effectiveness of capital markets for smaller and mid-sized companies. The majority of jobs are created by smaller companies not global companies. If we can help improve companies use of capital markets more projects will be completed, more jobs created, more global GDP grown, which in turn helps create more resources for education, leading to equality and opportunity for those who are still oppressed by ignorance and poverty.

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate our professional investor readers about your company, with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.

Our team of analysts are independently minded individuals who believe in thoroughness, technical competence and clear punchy communications.

LONGi Green Energy Technology / Equity Bottom-Up

LONGi Green Energy Technology (601012 CH)

<ul><li>Private cleantech is not short of capital; it is short of proof.</li><li>Climate-tech venture and growth funding reached US$26.1bn in 1H26A on one provider's count, yet deal numbers fell 25% and about a third of the money went to data centres.</li><li>We examine whether the main risk has moved from technology to commercial and legal diligence.</li></ul>

Private cleantech is not short of capital; it is short of proof.Climate-tech venture and growth funding reached US$26.1bn in 1H26A on one provider's count, yet deal numbers fell 25% and about a third of the money went to data centres.We examine whether the main risk has moved from technology to commercial and legal diligence.

LONGi Green Energy Technology Co., Ltd. - Cleantech Future Technologies Thematic 12102026

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analysed the earning revision of component stocks of STAR50 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Biwin Storage, RAYTRON TECHNOLOGY, APT MEDICAL, TRINA SOLAR, CAMBRICON, METAX INTEGRATED CIRCUITS, ASR MICROELECTRONICS, VeriSilicon.</li>
</ul>


We analysed the earning revision of component stocks of STAR50 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Biwin Storage, RAYTRON TECHNOLOGY, APT MEDICAL, TRINA SOLAR, CAMBRICON, METAX INTEGRATED CIRCUITS, ASR MICROELECTRONICS, VeriSilicon.


STAR50 Index Earning Revision (Sep): Biwin Storage, RAYTRON TECHNOLOGY, APT MEDICAL, TRINA SOLAR

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Autos / In Depth: Controversial Li Auto video levels spotlight on ‘customized’ crash testing</li><li>AI /Exclusive: NetEase executive explains how AI agents could build a future of virtual teachers</li><li>E-commerce /: Pinduoduo’s growth slows as competition, tariffs hit Temu expansion</li></ul>

Autos / In Depth: Controversial Li Auto video levels spotlight on ‘customized’ crash testingAI /Exclusive: NetEase executive explains how AI agents could build a future of virtual teachersE-commerce /: Pinduoduo’s growth slows as competition, tariffs hit Temu expansion

CX Daily: Controversial Li Auto Video Levels Spotlight on ‘Customized’ Crash Testing 

China

Trina Solar Co., Ltd. operates as a photovoltaic smart energy overall solution provider. The Company produces solar photovoltaic power plant equipment, polycrystalline ingots, single crystal silicon rods, silicon wafers, solar cells, photovoltaic modules, and other products. Trina Solar markets its products throughout worldwide.

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Trina Solar (688599 CH)

Quiddity Leaderboard STAR 50/100 Dec26: US$3.3bn Combined One-Way Flow; Exp.ADDs Down Vs Exp.DELs

As witnessed in our recent China Mainland insights (CSI300/500, ChiNext, and CSI 1000), the net inflow names are underperforming the net outflow...

Janaghan Jeyakumar, CFA

Primer: Trina Solar (688599 CH) - Apr 2026

Trina Solar is a top-tier, vertically integrated global solar module manufacturer, but is currently facing significant financial headwinds due...

αSK Primers

LONGi Green Energy Technology Co., Ltd. - Cleantech Future Technologies Thematic 12102026

Private cleantech is not short of capital; it is short of proof. Climate-tech venture and growth funding reached US$26.1bn in 1H26A on one...

ACF Equity Research

STAR50 Index Earning Revision (Sep): Biwin Storage, RAYTRON TECHNOLOGY, APT MEDICAL, TRINA SOLAR

We analyzed STAR50's consensus for Sep 2026 and highlighted changes of EPS in Biwin Storage (688525 CH), RAYTRON TECHNOLOGY (688002 CH), APT...

Ke Yan, CFA, FRM

CX Daily: Controversial Li Auto Video Levels Spotlight on ‘Customized’ Crash Testing

TOP STORIES Autos / In Depth: Controversial Li Auto video levels spotlight on ‘customized’ crash testing In the video, a sleek SUV and an 8-ton...

Caixin Global

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