Core Viewpoint - The Hong Kong stock market saw a significant rise in solar energy stocks, driven by Elon Musk's support for space solar power and production capacity plans disclosed during the World Economic Forum [1] Group 1: Stock Performance - Jinko Solar (凯盛新能) surged over 24%, with a year-to-date increase of 27.76% and a market capitalization of 30.6 billion [2] - Flat Glass Group (福莱特玻璃) rose over 10.58%, with a market cap of 279.27 billion and a year-to-date increase of 26.41% [2] - GCL-Poly Energy (协鑫新能源) increased by 9.52%, boasting a remarkable year-to-date increase of 98.77% and a market cap of 25.02 billion [2] - Xinyi Solar (信义光能) saw an 8.67% rise, with a market cap of 321.06 billion and a year-to-date increase of 18.18% [2] - GCL-Technology (协鑫科技) rose by 8.41%, with a market cap of 385.31 billion and a year-to-date increase of 9.43% [2] - New Energy Technology (新特能源) increased by 7.77%, with a market cap of 113.11 billion and a year-to-date increase of 7.62% [2] - Canadian Solar (卡姆丹克太阳能) rose by 7.48%, with a market cap of 1.22 billion and a year-to-date increase of 13.86% [2] - Xinyi Energy (信义能源) increased by 5.17%, with a market cap of 103.94 billion and a year-to-date increase of 10.91% [2] - Sunshine Energy (阳光能源) rose by 3.90%, with a market cap of 2.66 billion and a year-to-date increase of 2.56% [2] - Xinyi Glass (信义玻璃) increased by 3.41%, with a market cap of 402.59 billion and a year-to-date increase of 10.04% [2] - Shandong Water Development (水发兴业能源) rose by 3.08%, with a market cap of 590 million, but a year-to-date decrease of 1.68% [2] Group 2: Industry Insights - Elon Musk announced that SpaceX and Tesla are working together to enhance solar energy production capacity, aiming for an annual manufacturing capability of 100 GW within the next three years [1]

光伏股普涨，截至发稿，凯盛新能（600876）(01108)涨6.04%，报4.04港元；福莱特（601865）玻璃 (06865)涨5.57%，报11.38港元；信义光能(00968)涨3.41%，报3.34港元；协鑫科技(03800)涨4.67%，报 1.12港元；新特能源(01799)涨3.13%，报7.57港元。 长城证券（002939）认为，国内商业航天进入集体发力的追赶期，在方案选择上可能更有动力推进产品 性能与成本空间更优的钙钛矿叠层路线，为后续弯道超车增添重要筹码。太空光伏产业链在经历本轮近 地轨道的历练后也将更好地承接后续太空算力的放量，行业迎来巨大的市场扩容与格局重塑机会。 消息面上，申万宏源研报指出，我国提交超20万颗卫星星座申请，标志着商业航天进入规模化部署新阶 段，将直接带动太空光伏长期需求。太空光伏面临从高效砷化镓到规模化硅基HJT，再到远期钙钛矿叠 层的技术迭代路径。产业链上，关键设备与电池组件供应商有望受益于市场扩容与技术升级。东兴证券 表示，若太空数据中心的构想实现，参照马斯克提出的100GW太空算力布局目标，按30%的光伏系统转 换效率测算，远期将直接催生超800GW的太空 ...

智通财经APP获悉，光伏股普涨，截至发稿，凯盛新能(01108)涨6.04%，报4.04港元；福莱特玻璃 (06865)涨5.57%，报11.38港元；信义光能(00968)涨3.41%，报3.34港元；协鑫科技(03800)涨4.67%，报 1.12港元；新特能源(01799)涨3.13%，报7.57港元。 消息面上，申万宏源研报指出，我国提交超20万颗卫星星座申请，标志着商业航天进入规模化部署新阶 段，将直接带动太空光伏长期需求。太空光伏面临从高效砷化镓到规模化硅基HJT，再到远期钙钛矿叠 层的技术迭代路径。产业链上，关键设备与电池组件供应商有望受益于市场扩容与技术升级。东兴证券 表示，若太空数据中心的构想实现，参照马斯克提出的100GW太空算力布局目标，按30%的光伏系统转 换效率测算，远期将直接催生超800GW的太空光伏装机需求。 长城证券认为，国内商业航天进入集体发力的追赶期，在方案选择上可能更有动力推进产品性能与成本 空间更优的钙钛矿叠层路线，为后续弯道超车增添重要筹码。太空光伏产业链在经历本轮近地轨道的历 练后也将更好地承接后续太空算力的放量，行业迎来巨大的市场扩容与格局重塑机会。 ...

作者：情报员 资料显示，新疆盛能综合能源有限公司成立于2026年1月13日，法定代表人为张治国，注册资本20001万 人民币，公司位于乌鲁木齐市，许可项目：供电业务、发电业务、输电业务、供（配）电业务。（依法 须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件 为准）合同能源管理、销售代理、技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广、 认证咨询、电力行业高效节能技术研发、风力发电技术服务、软件开发、碳减排、碳转化、碳捕捉、碳 封存技术研发、大数据服务、电动汽车充电基础设施运营、电工仪器仪表制造。（除依法须经批准的项 目外，凭营业执照依法自主开展经营活动）。 天眼查工商信息显示，近日，新特能源股份有限公司出资20001万元成立新疆盛能综合能源有限公司， 持股100%，所属行业为电力、热力生产和供应业。 本文源自：市场资讯 ...

Core Viewpoint - The company TBEA (特变电工) is enhancing its new energy capacity and focusing on improving its core competitiveness in the renewable energy sector, particularly in solar and wind power [1] Group 1: New Energy Capacity - TBEA announced that its new energy capacity will further increase by the fourth quarter of 2025 [1] - The company is committed to optimizing its photovoltaic and wind power resource development, construction, and operation [1] Group 2: Product Development and Market Expansion - TBEA is strengthening its research and development of new products, particularly in inverters and other core equipment [1] - The company is intensifying its market expansion efforts to enhance its core competitiveness [1] Group 3: Operational Resilience - TBEA aims to improve the operational resilience and risk resistance of its new energy segment [1]

XINTE ENERGY CO., LTD. 新特能源股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 適用於2026年第一次臨時股東會委任代表表格 本人╱吾等 （附註1） | 地址為 | | | --- | --- | | 為新特能源股份有限公司（「本公司」）股本中每股面值人民幣1.00元之股份共 | （附註2） 股 | | （附註3） 的登記持有人，茲委任大會主席或 | ， | | 地址為 | | 為本人╱吾等的代表，代表本人╱吾等出席本公司謹訂於2026年1月30日（星期五）上午十一時正在中華人民 共和國（「中國」）新疆烏魯木齊市甘泉堡經濟技術開發區（工業園）眾欣街2249號研發樓會議室現場舉行之本 公司2026年第一次臨時股東會（「臨時股東會」），以審議並酌情通過日期為2026年1月12日的臨時股東會通告 所載決議案，並依照下列指示代表本人╱吾等行事及投票。 請於適當的方格內填上「✓」號，以表明 閣下於點算股數方式表決時投票意願 （附註4） 。 （股份代號：1799） 日期： 簽署 （附註5） ： 附註： 收集個人資料聲明 1. 請用正楷填上全名及地址。 2. 填上以 閣下名稱登記與本委任代表 ...

1. 審議及批准委任南新建先生為本公司執行董事。 承董事會命 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1799） 2026年第一次臨時股東會通告 茲通知新特能源股份有限公司（「本公司」）謹訂於2026年1月30日（星期五）上午十一 時正於中華人民共和國（「中國」）新疆烏魯木齊市甘泉堡經濟技術開發區（工業園）眾欣 街2249號研發樓會議室現場舉行2026年第一次臨時股東會（「臨時股東會」），以審議並酌 情通過下列決議案。 普通決議案 香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本通告全部或任何部份內容而產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 XINTE ENERGY CO., LTD. 新特能源股份有限公司 新特能源股份有限公司 董事長 黃漢杰 中國，新疆 2026年1月12日 表以外的人士代其出席臨時股東會（或其任何續會），則有關委任代表表格須加蓋公司股東法 人印章或由其董事或按該公司的公司章程規定由該公司股東正式授權的任何其他人士簽署。 地址：中國新疆烏魯木齊市甘泉堡經濟技術開發區（工業園）眾欣 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券交 易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的新特能源股份有限公司股份全部售出或轉讓，應立即將本通函及隨函附奉的委任 代表表格送交買主或承讓人，或送交經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買 主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部分內容而產生或因依賴該等內 容而引致之任何損失承擔任何責任。 XINTE ENERGY CO., LTD. 新特能源股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1799） 建議委任執行董事； | 釋義 1 | | | --- | --- | | 董事會函件 3 | 頁次 | 釋 義 於本通函內，除文義另有所指外，以下詞彙具有下列涵義： – 1 – 及 2026年第一次臨時股東會通告 董事會函件載於本通函3至4頁。 載於本通函第EGM-1至EGM-2頁為本公司臨時股東會通告，臨時股東會將於2026年 ...

Core Viewpoint - The solar photovoltaic (PV) industry faces significant challenges following an antitrust warning regarding the consolidation of polysilicon production capacity, raising uncertainties about the future of self-regulatory actions in the industry [1][6]. Group 1: Antitrust Warning and Industry Response - On January 6, major polysilicon companies were summoned by the State Administration for Market Regulation (SAMR) due to allegations of price manipulation under the guise of industry self-regulation [1]. - The SAMR issued clear rectification requirements, prohibiting agreements on capacity, utilization rates, production volumes, and sales prices among companies [1][4]. - The meeting highlighted multiple complaints received since July 2025, accusing companies of controlling production and market segmentation based on investment ratios [1][4]. Group 2: Market Impact and Price Fluctuations - Following the news, polysilicon futures contracts hit the daily limit down, with a 9% drop on January 8, while major polysilicon stocks experienced declines, with GCL-Poly Energy falling over 7% [2]. - The average prices for polysilicon, silicon wafers, battery cells, and modules are projected to increase by 38.9%, 2.2%, 0.4%, and 2.3% respectively by November 2025 [2]. - Despite a slowdown in market transactions, many polysilicon companies raised new order prices to over 65,000 yuan per ton, significantly above the market average [2]. Group 3: Industry Consolidation and Future Outlook - The establishment of Beijing Guanghe Qiancheng Technology Co., aimed at consolidating polysilicon resources, has raised concerns about potential monopolistic practices [3][5]. - The platform is designed to operate under a dual-track model, referencing successful experiences from other industries to stabilize prices [3]. - Industry leaders emphasize the need for a balanced profit distribution across the entire solar value chain, as current high profits in polysilicon are unsustainable if downstream sectors continue to incur losses [3][5]. Group 4: Challenges Ahead - The self-regulatory actions in the industry are now facing unprecedented challenges, with the cancellation of monthly meetings aimed at addressing overcapacity and price control until rectification measures are completed [5][6]. - The uncertainty surrounding the path forward for coordinated production control and the exit of outdated capacities is increasing, complicating the industry's efforts to stabilize [6].

Group 1 - The core viewpoint of the news is that the Hong Kong solar stocks have collectively declined due to regulatory scrutiny from the market supervision authority regarding potential monopoly risks in the solar industry [1] - GCL-Poly Energy has seen a drop of over 7%, while other companies like Sunshine Energy and Xinte Energy have also experienced declines of 3.5% [1][2] - The market supervision authority has held discussions with several key players in the solar industry, including the China Photovoltaic Industry Association and major companies, to address issues related to market manipulation and has mandated corrective actions by January 20 [1] Group 2 - The market supervision authority has prohibited the discussed companies from agreeing on production capacity, utilization rates, sales volumes, and pricing [1] - Companies are also restricted from dividing markets, production volumes, and profits through any form of investment ratio [1] - The authority has required the companies to submit written corrective measures by January 20 [1]