Group 1: Insurance Sector - The insurance sector continues to rise, with China Ping An (02318) up 5.17%, New China Life (01336) up 4.14%, China Life (02628) up 4.83%, and China Pacific Insurance (02601) up 3.29%. The National Financial Regulatory Administration reported that the insurance industry achieved a total premium income of 57,629 billion yuan, a year-on-year increase of 7.6% for the first 11 months of 2025 [1][2]. Group 2: Hydrogen Energy - Guofu Hydrogen Energy (02582) saw a rise of over 7.2% after announcing the delivery of a total of 424 sets of vehicle-mounted high-pressure hydrogen supply systems to clients, which will be used in fuel cell buses in Guangzhou [1]. Group 3: Coal Sector - Coal stocks collectively rose, with China Coal Energy (01898) up 4.33%, Yanzhou Coal Mining (01171) up 3.18%, and China Shenhua Energy (01088) up 2.31%. Since late November, port thermal coal prices have been on a downward trend, dropping from a high of 834 yuan/ton to a low of 670 yuan/ton, before rebounding on December 31, increasing by 8 yuan/ton to 678 yuan/ton [1]. Group 4: Solar Energy and AI - Junda Co., Ltd. (02865) increased by over 6.1% following a report from Guotai Junan that Elon Musk proposed a plan to deploy 100GW of solar AI satellites annually, driving demand for space photovoltaic technology [1]. Group 5: Lithium Mining - Lithium stocks were active, with Ganfeng Lithium (01772) up 4.22% and Tianqi Lithium (09696) up 2.85%. After breaking through the 130,000 yuan/ton mark, lithium carbonate futures surged over 8%, reaching a high of 137,760 yuan/ton [2]. Group 6: Real Estate Sector - Domestic real estate stocks continued to rise, with Beike-W (02423) up 3.44%, Longfor Group (00960) up 5.24%, China Jinmao (00817) up 5.34%, and China Resources Land (01109) up 3.64%. An article published in "Qiushi" magazine emphasized the need to improve and stabilize expectations in the real estate market [2]. Group 7: Baby Products - Different Group (06090) rebounded by over 34.99%. According to a report from China Merchants Securities, the company is positioned as a mid-to-high-end baby products brand with strong product development and channel expansion capabilities, targeting middle-class and high-net-worth consumers [3]. Group 8: Mining Sector - Zijin Mining (02899) rose nearly 6%, reaching a historical high. The company recently announced an annual profit forecast of 51 to 52 billion yuan, an increase of approximately 18.9 to 19.9 billion yuan compared to the previous year's profit of 32.051 billion yuan, representing a year-on-year growth of about 59% to 62% [3]. Group 9: U.S. Stock Market - The Dow Jones Industrial Average broke through 49,000 points, rising 1.3%, with major U.S. bank stocks reaching historical highs. Goldman Sachs (GS.US) rose 3.73%, JPMorgan Chase (JPM.US) rose 2.63%, and Morgan Stanley (MS.US) rose 2.55%. The U.S. ISM reported that the manufacturing PMI fell to 47.9 in December, below the expected 48.4 [4]. Group 10: Precious Metals - U.S. precious metal stocks collectively strengthened, with Hecla Mining (HL.US) up 4.56% and Barrick Gold (B.US) up 3.77%. Spot gold surged 2.5%, reclaiming the $4,400 mark, while spot silver rose 5%, surpassing $76 [4]. Group 11: AI and Technology - Datavault AI (DVLT.US) surged 42.57%, with a cumulative increase of 180% over three trading days after signing a procurement agreement with AP Global Holdings LLC for infrastructure and cybersecurity services [5]. Group 12: Bitcoin and Related Stocks - Bitcoin briefly reached the $93,000 mark, with related stocks rising, including Strategy (MSTR.US) up 4.81% and Coinbase (COIN.US) up 7.77% [6]. Group 13: Oil Sector - Oil stocks saw significant pre-market gains, with Chevron (CVX.US) up 5.1% and ConocoPhillips (COP.US) up 2.59%. Reports indicated that the U.S. had captured Venezuelan President Maduro through military action, leading to a strong performance in oil and gas services [7].

Core Viewpoint - The article highlights the significant advancements and strategic collaborations of JunDa Co., Ltd. in the field of perovskite solar cells, particularly in the context of space applications driven by emerging technologies like low-orbit satellites and AI [1] Group 1: Company Developments - JunDa Co., Ltd. shares rose by 5.69% to HKD 21.90, with a trading volume of HKD 61.11 million [1] - The company has signed a strategic cooperation agreement with Shangyi Optoelectronics to integrate resources and focus on the application of perovskite battery technology in space energy [1] - JunDa reported that its small-area perovskite-TOPCon tandem cell conversion efficiency has surpassed 33.53%, placing it at the forefront of the industry [1] Group 2: Industry Trends - Elon Musk's proposal to deploy 100GW of solar AI satellites is expected to drive demand for space photovoltaics, particularly low-orbit satellites and space computing [1] - Perovskite tandem cells are noted for their high efficiency and potential for flexible thin-film applications, with the possibility of becoming a mainstream technology if engineering breakthroughs are achieved in packaging lifespan and large-area consistency [1] - Shangyi Optoelectronics, a key partner, has a strong technical background from the Shanghai Institute of Optics and Fine Mechanics and has completed foundational verification of perovskite materials in space environments, supporting future on-orbit validation [1]

Core Viewpoint - JunDa Co., Ltd. (02865) has seen a stock price increase of over 5%, currently trading at 21.6 HKD with a transaction volume of 37.26 million HKD, driven by developments in solar energy technology and strategic partnerships in the space sector [1] Group 1: Company Developments - JunDa has signed a strategic cooperation agreement with Shangyi Optoelectronics to integrate industry and scenario resources, focusing on the application of perovskite battery technology in space energy [1] - The company reported that its small-area perovskite-TOPCon tandem battery conversion efficiency has surpassed 33.53%, placing it at the forefront of the industry [1] - JunDa is collaborating closely with Shangyi Optoelectronics to advance on-orbit verification and subsequent industrialization efforts [1] Group 2: Industry Insights - Cathay Pacific Securities highlighted Elon Musk's plan to deploy 100 GW of solar AI satellites annually, which is expected to drive demand for space photovoltaics [1] - Perovskite tandem technology is noted for its high efficiency and flexible thin-film advantages, with potential for adaptation to irradiation and environmental conditions [1] - Achieving engineering breakthroughs in encapsulation lifespan and large-area consistency could position perovskite technology as a mainstream solution in the industry [1]

（文章来源：每日经济新闻） 每经AI快讯，钧达股份(02865.HK)一度涨超5%，截至发稿涨4.15%，报21.6港元，成交额3726.48万港 元。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 海南鈞達新能源科技股份有限公司 呈交日期: 2026年1月5日 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 002865 | 說明 | 於深圳證劵交易所上市 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 229,151,752 RMB | | | 1 RMB | | 229,151,752 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 229,151,752 RMB | | | 1 RMB | | 229,151,752 | 本月底法定/註冊股本總額： RMB 292,584,0 ...

Group 1 - The core point of the article is that JunDa Co., Ltd. (stock code: 02865) has transferred shares worth HKD 101 million from Jihau Securities to HSBC Hong Kong, representing 7.42% of the total shares [1] - JunDa Co., Ltd. signed a strategic cooperation framework agreement with Hangzhou Shangyi Optoelectronics Technology Co., Ltd. on December 21, 2025, focusing on the research and industrialization of flexible perovskite technology for space computing and energy applications [1] - The agreement is a preliminary cooperation intention, not legally binding, does not involve specific amounts, and does not require board or shareholder meeting approval [1]

Summary of JunDa Co., Ltd. Conference Call Company Overview - **Company**: JunDa Co., Ltd. (君达股份) - **Industry**: Space photovoltaic energy solutions Key Points and Arguments Collaboration and Technology Development - JunDa Co., Ltd. collaborates with the Shanghai Institute of Optics and Fine Mechanics (中科院上海光机所) to develop perovskite and silicon tandem technology for space photovoltaics, aiming to reduce costs and weight while maintaining a conversion efficiency of 30%-40% to meet future global satellite launch demands [2][3][5] - The partnership focuses on addressing the challenges of radiation and thermal management in space environments, with ongoing in-orbit testing expected to lead to integration into China's satellite system [5][9] Market Potential - The space energy market is projected to be vast, with over 100,000 satellites expected to be launched, potentially generating a market size of several hundred billion to over a trillion RMB [2][6] - The demand for efficient, low-cost solar cells is driven by the construction of high-orbit computing centers, which require significant energy resources [6][7] Strategic Plans - JunDa plans to establish production capacity and supply chain in the U.S. by 2026, leveraging partnerships to accelerate entry into the U.S. market while simultaneously developing production capabilities in North America and China [2][8] - The company aims to complete initial production line construction in the first half of 2025 and achieve space application by the second half of 2025, with perovskite products expected to be integrated into China's satellite system by 2026 [3][14] Competitive Advantages - Perovskite batteries are less affected by environmental factors in space, allowing for improved performance compared to traditional gallium arsenide batteries, which are heavier and more expensive [9][20] - JunDa's technology offers significant advantages in terms of weight, radiation resistance, and cost, making it a viable solution for commercial satellite applications [3][10] Global Market Position - JunDa holds the leading market share in the ground photovoltaic sector and is expanding its footprint in North America, with a focus on meeting local manufacturing requirements [3][8] - The company is investing in related supply chains, from satellites to downstream power systems, to enhance efficiency and reduce costs [10][11] Future Trends and Challenges - The transition from rigid to flexible solar technologies is expected to continue, with perovskite batteries gradually replacing gallium arsenide in commercial applications, although military and high-orbit applications may still rely on traditional technologies due to their stability [17][20] - The company faces challenges in scaling production and reducing costs, particularly in the context of China's satellite recovery and cost reduction efforts [13][19] Additional Important Insights - The development of flexible solar panels and related thermal management technologies is crucial for future space energy solutions [12][18] - JunDa's approach to market entry and product validation in North America is expected to be faster due to frequent launch opportunities, which may facilitate quicker adoption of their technologies [11][16]

每经AI快讯，钧达股份(02865.HK)盘初一度涨超7%，截至发稿，涨4.59%，报21.44港元，成交额 4328.01万港元。 ...

Core Viewpoint - JunDa Co., Ltd. is positioned to leverage perovskite photovoltaic technology as a revolutionary solution to address the limitations of current space energy solutions, aiming to support the scalable development of the space economy [1] Company Summary - JunDa Co., Ltd. experienced a stock price increase of over 7% at the beginning of trading, closing up 4.59% at HKD 21.44, with a trading volume of HKD 43.28 million [1] - The company is actively promoting product mass production and enhancing service capabilities in response to downstream customer demands, focusing on the domestic and North American commercial space and space computing markets [1] Industry Summary - Current mainstream space energy solutions face limitations in cost control, lightweight design, and flexible adaptation, making them unsuitable for mass deployment in cost-sensitive commercial space applications [1] - The global low Earth orbit satellite network construction and space computing industry are entering a period of explosive growth, driven by the urgency of competition in the commercial satellite sector [1] - The market demand for photovoltaic solutions in commercial space applications is evolving from a focus on reliability and efficiency to a comprehensive system capability that includes high efficiency, lightweight, low cost, and flexibility [1] - According to estimates, the global space photovoltaic market is projected to reach a trillion-dollar scale by 2030 [1]

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公告之內容概不 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 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Hainan Drinda New Energy Technology Co., Ltd. 海南鈞達新能源科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02865） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 而 作 出。 茲載列海南鈞達新能源科技股份有限公司在深圳證券交易所網站刊登了以下 公 告。茲 載 列 如 下，僅 供 參 閱。 特 此 公 告。 承董事會命 海南鈞達新能源科技股份有限公司 董事長兼執行董事 陸徐楊先生 中 國 • 海 口 2025年12月31日 截 至 本 公 告 日 期，董 事 會 成 員 包 括 執 行 董 事 陸 徐 楊 先 生、張 滿 良 先 生 及 鄭 洪 偉 先 生；非 執 行 董 事 徐 曉 平 先 生 及 徐 勇 先 生；職 工 代 表 董 事 鄭 ...