Core Viewpoint - On February 3, 2026, the company Oputai (920414) was featured on the trading leaderboard of the Beijing Stock Exchange due to a significant trading volume and turnover rate, indicating heightened investor interest [1]. Trading Activity Summary - The turnover rate for Oputai reached 23.33% on the trading day, with a total trading volume of 13.08 million shares and a transaction value of 219 million yuan [1]. - The top buying seat was from Guosen Securities Co., Ltd. Shenzhen Internet Branch, which purchased shares worth approximately 8.45 million yuan [2]. - The top selling seat was also from Guosen Securities Co., Ltd. Shenzhen Internet Branch, which sold shares worth approximately 6.13 million yuan [2].

证券代码：920414 证券简称：欧普泰 公告编号：2026-004 上海欧普泰科技创业股份有限公司 一、本期业绩预告情况 2025 年年度业绩预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 特别提示：本公告所载 2025 年年度主要财务数据为初步核算数据，未经会 计师事务所审计，具体数据以公司 2025 年年度报告中披露的数据为准，提请投 资者注意投资风险。 (一)业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 (二)业绩预告情况 √年度净利润为负值 单位：万元 | 项目 | 本报告期 | 上年同期 | 变动比例% | | --- | --- | --- | --- | | 归属于上市公司 | -1,550～-1,850 | -1,644 | - | | 股东的净利润 | | | | 二、本期业绩重大变化的主要原因 公司 2025 年 1-12 月业绩亏损，主要原因为：受光伏行业整体供需失衡、 市场竞争加剧影响，公司光伏检测设备需求疲软，导致营业收入同比下滑 ...

Core Viewpoint - On January 28, 2026, the company Oputai (920414) was featured on the trading leaderboard of the Beijing Stock Exchange due to a significant trading volume and turnover rate, indicating heightened investor interest and activity in the stock [1]. Trading Activity Summary - The turnover rate for Oputai reached 26.34% on the trading day, with a total trading volume of 14.77 million shares and a transaction value of 261 million yuan [1]. - The top buying position was held by CITIC Securities Co., Ltd. Nanchang Honggu Middle Avenue Securities Business Department, which purchased shares worth approximately 7.90 million yuan [2]. - The top selling position was held by Guojin Securities Co., Ltd. Shenzhen Branch, which sold shares worth approximately 7.39 million yuan [2].

Core Viewpoint - The photovoltaic equipment sector experienced a decline of 2.77% on January 28, with Optec leading the drop, while the Shanghai Composite Index rose by 0.27% and the Shenzhen Component Index increased by 0.09% [1]. Group 1: Market Performance - The closing price of Optec was 17.16, reflecting a decrease of 10.81% with a trading volume of 147,700 shares and a transaction value of 261 million [2]. - The sector saw a net outflow of 5.216 billion from major funds, while retail investors contributed a net inflow of 3.687 billion [2]. Group 2: Individual Stock Performance - Shuangliang Energy closed at 68.8, with a rise of 9.08% and a trading volume of 2.8015 million shares, resulting in a transaction value of 2.491 billion [1]. - The stock of Jianqiang Technology closed at 18.01, up by 3.09%, with a trading volume of 1.1109 million shares and a transaction value of 1.997 billion [1]. - The stock of Jicheng Technology saw a decline of 5.97%, closing at 128.57, with a trading volume of 351,200 shares and a transaction value of 4.570 billion [2].

Core Viewpoint - Oputai (920414) has experienced a significant stock price fluctuation, with a cumulative increase of 43.05% over the last three trading days, indicating abnormal trading activity [1] Company Summary - As of January 27, Oputai's stock price closed at 19.24 yuan per share, reflecting a daily increase of 7.85% and a total market capitalization of 1.534 billion yuan [1] - The company has stated that it has not identified any media reports or market rumors that could significantly impact its stock price, nor is it involved in any hot concept matters [1] - Oputai confirmed that there have been no significant changes in its operational situation or external business environment recently [1] - The company, its controlling shareholders, and actual controllers have no undisclosed significant matters related to the company or any major events in the planning stage that could affect stock prices [1] Industry Summary - The recent surge in stock prices for Oputai is part of a broader trend in the photovoltaic sector, driven by speculation around the "space photovoltaic" concept, which has led to rising stock prices for various listed companies in the solar energy field [1]

证券代码：920414 证券简称:欧普泰 公告编号：2026-003 上海欧普泰科技创业股份有限公司股票交易异常波动公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 3、 核实结论： 前期公告的事项不存在需要更正、补充之处；未发现可能或已经对本公司股票交易价格 产生较大影响的媒体报道或市场传闻，不涉及热点概念事项；近期公司经营情况及内外部经 营环境未发生重大变化；公司、控股股东和实际控制人不存在关于本公司的应披露而未披露 的重大事项，或处于筹划阶段的重大事项；不存在其他可能对股价产生较大影响的重大事件。 三、是否存在应披露而未披露的重大信息的声明 本公司董事会确认，本公司没有任何根据《北京证券交易所股票上市规则》等有关规定 应披露而未披露的事项或与该事项有关的筹划、商谈、意向、协议等，董事会也未获悉本公 司有根据《北京证券交易所股票上市规则》等有关规定应披露而未披露的、对本公司股票交 易价格产生较大影响的信息。 一、股票交易异常波动的具体情况 公司股票最近 3 个有成交的交易日 2026 年 1 月 ...

Core Viewpoint - The stock of Oputai (920414) experienced significant trading activity on January 27, 2026, with a cumulative price deviation of 43.05% from January 23 to January 27, 2026, and a total trading volume of 61.55 million shares, amounting to 1.13 billion yuan [1][2]. Group 1 - Oputai's closing price on January 27, 2026, was 19.24 yuan [1]. - The stock was listed on the Beijing Stock Exchange and appeared on the "Dragon and Tiger List" due to its notable trading activity [1]. - The top buying seat was Dongguan Securities Co., Ltd., which purchased shares worth approximately 11.73 million yuan [1][2]. Group 2 - The top selling seat was Guosen Securities Co., Ltd., which sold shares worth approximately 23.63 million yuan [1][2]. - The total trading amount for Oputai during this period reached 1.13 billion yuan [1]. - The trading volume of 61.55 million shares indicates high investor interest and activity in Oputai's stock [1].

Core Viewpoint - On January 26, 2026, the company Oputai (920414) was featured on the stock trading leaderboard due to a significant trading volume, with a turnover rate of 48.60% and a transaction amount of 532 million yuan [1]. Trading Activity Summary - The total trading volume for Oputai on that day reached 27.25 million shares, with a total transaction value of 532 million yuan [1]. - The top buying seat was from GF Securities Co., Ltd., which purchased approximately 7.61 million yuan worth of shares [2]. - The top selling seat was from Guosen Securities Co., Ltd., which sold shares worth approximately 17.59 million yuan [2].

Group 1 - SpaceX plans to launch the second generation of its Starlink satellite communication system in 2027, with overall capacity expected to increase by over 100 times and data throughput capability to improve by more than 20 times compared to the first generation [2][12] - The global rocket launch service market reached USD 16.45 billion in 2023 and is projected to exceed USD 50 billion by 2032, with a compound annual growth rate (CAGR) of 13% from 2023 to 2032 [2][25] - The upstream materials and core components account for 85%-90% of the total cost of rockets, with liquid engine manufacturing constituting approximately 50% of the total cost [2][18] Group 2 - The North Exchange technology growth stocks saw a median price change of +1.25% from January 19 to January 23, 2026, with 108 companies (71%) experiencing an increase [2][44] - The median price-to-earnings (P/E) ratio for the information technology industry increased by 7.40% to 83.6X, while the median market capitalization rose from CNY 2.68 billion to CNY 2.77 billion [2][50] - The North Exchange electronic equipment industry saw its median P/E ratio rise from 62.3X to 65.8X, with the total market capitalization increasing from CNY 148.39 billion to CNY 153.9 billion [2][52] Group 3 - The North Exchange rocket industry chain includes six companies: Xingtou Measurement and Control, Minshida, Suzhou Axis, Xingchen Technology, Kelong New Materials, and KQ Co., Ltd [2][40] - The average launch cost for China's satellite launches is expected to reach CNY 45,000 per kilogram by 2029, while SpaceX's Falcon 9 has a launch cost of CNY 20,000 per kilogram [2][38][37] - The commercial space market in China is projected to grow at an annual rate of over 20%, potentially reaching CNY 9 trillion by 2030 [2][24]

Core Viewpoint - The A-share photovoltaic sector has experienced a significant surge, with multiple stocks hitting a 20% limit-up, driven by Elon Musk's endorsement of space photovoltaics at the Davos Forum. However, the industry faces a harsh reality of prolonged losses, overcapacity, and persistent price pressure, with major companies expected to report substantial losses in 2025 [1][2]. Group 1: Industry Performance - The photovoltaic industry has seen widespread losses, with 23 out of 32 listed companies expected to report losses in 2025, accounting for over 70% of the sample [2]. - Major players like Tongwei Co. anticipate a net loss of 90 to 100 billion yuan in 2025, up from a loss of 70.39 billion yuan the previous year, marking it as the only company with a projected loss exceeding 100 billion yuan [2]. - Trina Solar and JinkoSolar are also expected to report significant losses, with Trina Solar projecting a loss of 65 to 75 billion yuan, and JinkoSolar estimating a loss of 59 to 69 billion yuan [2][3]. Group 2: Market Dynamics - The photovoltaic supply chain is experiencing intensified losses due to weak terminal demand, overcapacity, and stagnant product prices, which are the main contributors to the industry's financial struggles [2][3]. - Despite some companies like Daqo Energy and Longi Green Energy reducing their losses, the overall trend remains negative, with Daqo Energy expecting a loss of 14.18 to 17.18 billion yuan, a reduction of 52.17% to 63.21% year-on-year [3]. - The industry is facing a dual challenge of weak supply and demand, with overcapacity leading to low prices, which is the primary cause of losses [4][5]. Group 3: Cost Pressures - The rapid increase in raw material prices, particularly silver, has significantly impacted production costs, with silver prices rising over 118% since October of the previous year [6][7]. - The cost of silver paste, a critical material in photovoltaic technology, has surged, further straining the profitability of companies in the sector [6][7]. - Companies are exploring cost-reduction strategies, including substituting silver with copper and aluminum, but the impact of these innovations on profitability remains limited [7]. Group 4: Future Outlook - The industry is expected to undergo structural reforms characterized by capacity utilization improvements, elimination of outdated capacity, and potential mergers and acquisitions, which are essential for recovery [7]. - A return to a healthy supply-demand balance and a restoration of product prices to reasonable levels are crucial for the fundamental improvement of companies' profitability [7].