证券日报网1月29日讯，连城数控在接受调研者提问时表示，2025年行业所面临的阶段性供需错配问题 尚未完全缓解，尽管一系列旨在"反内卷"、规范市场秩序的政策措施陆续出台，并在一定程度上起到了 稳定市场预期、减弱行业整体负面情绪的作用，但产业链下游企业设备需求短期内未有明显增强。2025 年第四季度，硅料和白银等部分核心原材料价格持续上涨，公司国内客户受成本上升与组件售价维持低 位的双重挤压，经营压力仍然较大，暂无规模化扩产计划。 ...

Core Viewpoint - The company acknowledges that its semiconductor business currently represents a relatively small portion of its overall operations, but sees significant growth potential in the semiconductor industry compared to the more mature and supply-demand challenged photovoltaic market [1] Group 1: Semiconductor Business - The semiconductor industry is viewed as a core foundation of modern technology, offering broad market prospects and ongoing technological iteration demands [1] - The company plans to continuously monitor opportunities in the semiconductor sector and adjust its business structure flexibly and prudently based on market demand evolution and its own development stage [1] Group 2: Market Comparison - The photovoltaic market is described as having reached maturity and facing phase-specific supply-demand contradictions, contrasting with the growth potential in the semiconductor industry [1]

证券日报网1月29日讯，连城数控在接受调研者提问时表示，公司深耕光伏及半导体领域多年，不仅与 国内市场的重要客户保持着良好的战略合作关系，也与海外的潜在客户及合作伙伴进行着广泛的沟通交 流。公司通过持续关注新技术与新应用场景的发展动态，深入洞察市场需求，主动开展系统化、前瞻性 的技术积累与创新研究，积极把握国内外市场潜在的应用需求与合作机遇。公司实际业务开展情况以公 开披露的信息为准。 ...

Investment Rating - The report maintains an "Overweight" rating for the commercial aerospace industry, indicating a positive outlook for the sector in the coming months [1]. Core Insights - The commercial aerospace industry is expected to undergo a significant transformation by 2026, driven by advancements in launch capabilities and the successful deployment of domestic rockets, which will remove previous constraints on industry growth [8][9]. - The competition in commercial aerospace is fundamentally a "land grab" for space sovereignty and resource allocation, emphasizing the need for increased launch frequency to secure China's position in low Earth orbit [10]. - The report highlights the strategic importance of commercial aerospace in national defense and resource acquisition, particularly in the context of lunar resources like Helium-3, which could reshape global energy dynamics [12]. - Key catalysts for the industry include domestic policy support and capital market developments, with significant IPOs expected from leading aerospace companies in 2026 [13][15]. Summary by Sections 1. Why has the domestic commercial aerospace industry reached a qualitative change? - The industry has transitioned from a limited payload capacity to a robust launch capability, marked by the successful launch of the Zhuque-3 rocket, which signifies a shift from speculative themes to a narrative driven by operational capacity [8]. 2. How to understand the importance of commercial aerospace? - The scarcity of low Earth orbit resources has made the commercial aerospace race a critical national strategy, with the need to enhance launch frequency to secure space assets and maintain competitive advantages [10][11]. 3. What subsequent catalysts are worth paying attention to in commercial aerospace? 3.1. Domestic: Accelerated release of policy and capital dividends - The report anticipates significant policy support and capital market activity, with major aerospace companies expected to enter the IPO market in 2026, reflecting the strategic importance of the sector [13]. 3.2. International: Clear policy framework and tight planning timeline - The U.S. has shifted from a public to a private ownership model for space resources, establishing a legal framework that encourages commercial investment in space resource development [15][16]. 4. Investment Recommendations 4.1. SpaceX Concept - Companies that could potentially enter the SpaceX supply chain are highlighted, indicating a strong future in commercial aerospace [17]. 4.2. Rocket Sector: "Many Stars, Few Rockets" Expected to Breakthrough - The report suggests that advancements in large-capacity reusable rocket technology will lead to significant changes and valuation adjustments in the sector [19]. 4.3. Satellite Sector: Certainty in Implementation - The urgency to secure low Earth orbit resources is driving domestic satellite constellations from planning to large-scale deployment [20]. 4.4. Space Computing and Space Photovoltaics: Next-Generation Core Tracks - The report identifies space computing and space photovoltaics as critical future sectors, emphasizing their role in supporting lunar economies and global intelligence ecosystems [22].

对于本期业绩重大变化的主要原因，连城数控表示，2025年，受光伏行业供需错配问题持续、下游企业 设备需求较弱及内卷式竞争等因素的影响，公司主营的光伏设备业务继续承压，导致报告期内经营业绩 规模出现阶段性下滑。同时，基于谨慎性原则，公司进一步计提了相应减值准备，亦对业绩造成了一定 影响。 北京商报讯（记者 王蔓蕾）1月28日晚间，连城数控（920368）发布2025年年度业绩预告显示，公司预 计全年实现归属净利润6300万—9400万元，上年同期为3.4亿元。 ...

| | 2026-01-27连城数控(920368) 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | ਜੇਟ ਹ | 华鑫证券有限责任公司上海苑平南路营业部 | 95192213.34 | 11304518.42 | | 买2 | 光大证券股份有限公司汕头华山路营业部 | 56649631.4 | 3429871.96 | | ग्रें3 | 国信证券股份有限公司深圳互联网分公司 | 39891991.41 | 4751121 36 | | न्द्र 4 | 机构专用 | 33491755.41 | 27936336.61 | | જેટ | 中国国际金融股份有限公司上海分公司 | 25142863.57 | 235902.94 | | 卖T | 机构专用 | 0 | 39374371.3 | | 卖2 | 机构专用 | 33491755.41 | 27936336.61 | | 卖3 | 国金证券股份有限公司深圳分公司 | 23284180.16 | 24944052.35 | | 卖4 | 国信证券股 ...

融资融券数据显示，该股最新（1月26日）两融余额为2.04亿元，其中，融资余额为2.04亿元，融券余额 为14.09万元。近5日融资余额合计增加68.03万元，增幅为0.34%，融券余额合计增加13.09万元，增幅 1317.75%。（数据宝） | 买/卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 华鑫证券有限责任公司上海宛平南路营业部 | 9519.22 | 1130.45 | | 买二 | 光大证券股份有限公司汕头华山路营业部 | 5664.96 | 342.99 | | 买三 | 国信证券股份有限公司深圳互联网分公司 | 3989.20 | 475.11 | | 买四 | 机构专用 | 3349.18 | 2793.63 | | 买五 | 中国国际金融股份有限公司上海分公司 | 2514.29 | 23.59 | | 卖一 | 机构专用 | 0.00 | 3937.44 | | 卖二 | 机构专用 | 3349.18 | 2793.63 | | 卖三 | 国金证券股份有限公司深圳分公司 | 2328.42 | 2 ...

据天眼查APP显示，大连连城数控机器股份有限公司成立于2007年09月25日，注册资本23478.044万人 民币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至14:55，连城数控成交额18.05亿元，创上市以来新高。最新股价上涨17.07%，换手率 15.22%。上一交易日该股全天成交额为17.99亿元。 ...

每经讯，2026年1月26日，北交所上市公司连城数控（920368，收盘价：50.31元）登上龙虎榜，交易方式是连续竞价，披露原因 是2026年1月22日至2026年1月26日涨跌幅偏离值累计达到44.38%，成交数量7675.46万股，成交金额35.6亿元。买一席位为国信 证券股份有限公司深圳互联网分公司，买入4929.55万元；卖一席位为国信证券股份有限公司深圳互联网分公司，卖出5895.82万 元。 （记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前核实。据此操作，风险自担。 每日经济新闻 | | 2026-01-26连城数控(920368) 龙虎榜 | | | | --- | --- | --- | --- | | 序号 | 交易营业部名称 | 买入金额(元) | 卖出金额(元) | | न्द्र ग | 国信证券股份有限公司深圳互联网分公司 | 49295517.44 | 58958222.55 | | 买2 | 机构专用 | 45284218.16 | 34970094.4 | | 址3 | 华鑫证券有限责任公司上海宛平南路营业部 | 45186164.58 | 0 | ...

Investment Rating - The investment rating for the photovoltaic equipment industry is optimistic (maintained) [1] Core Insights - The photovoltaic sector is entering a silicon era in space applications, driven by the need for cost reduction and efficiency improvement in photovoltaic technology [5][18] - Photovoltaic systems are the most reliable and sustainable power source for spacecraft, providing stable energy supply without the need for fuel resupply [18] - The transition to silicon-based photovoltaic technology in space is being accelerated by the high costs and limitations of III-V multi-junction solar cells, which are currently the most efficient but expensive [64][67] Summary by Sections 1. From Parallel to Convergence: Space Enters the Silicon Era - Photovoltaics are the most important energy supply for spacecraft, providing stable energy without atmospheric interference [18] - Cost reduction and efficiency improvement are the main drivers for the evolution of photovoltaic technology [19] - P-type HJT (Heterojunction Technology) cells show significant advantages in space applications due to their superior radiation resistance [6][69] - Silicon-perovskite tandem cells are expected to become the ultimate solution, breaking the efficiency-cost-radiation resistance triangle [6][68] 2. The Space Race Begins: Photovoltaics Open New Blue Oceans - Low Earth orbit communication satellites are driving the demand for large-scale satellite deployment [7] - The space computing market is expected to release significant potential, with a focus on reliable power supply rather than cost competition [7] 3. Pre-Volume Layout: Equipment Manufacturers Seize Opportunities - Key equipment manufacturers benefiting from the space photovoltaic technology include Maiwei, Jiejia Weichuang, Laplace, and others [8] 4. Competition Among Giants: Leading Manufacturers Tap into Blue Oceans - Major battery manufacturers deeply involved in space photovoltaic technology include Dongfang Risheng, Junda, Trina Solar, and JinkoSolar [8]