文/梧桐小编 2月12日晚，上交所公布《关于对双良节能系统股份有限公司及有关责任人予以监管警示的决定》。经查明， 2026 年 2 月 12 日 13 时25 分，双良节能（600481）在微信公众号发布题为《双良节能再获海外订单，助力商业 航天太空探索》的市场快讯称，近日公司先后获得 3 个海外订单，共计12 台高效换热器设备，将用于 Space X 星 舰发射基地扩建配套的燃料生产系统。这是继前期合作后，该产品再度应用于 Space X 星舰发射基地，充分印证 了海外客户对双良节能产品可靠性的高度信任。文章发布后，公司股价于当日 13 时 26 分起至收盘均涨停。经监 管督促，公司于 2026 年 2 月12 日盘后披露说明公告称，公司本次 3 项订单分别签订于 2025 年10 月25 日和2026 年1月9 日，合计总金额约为人民币 1392.30 万元，占公司2024年度经审计的营业收入的比例约为 0.11%，对公司 经营业绩无重大影响。商业航天不是公司产品主要的应用领域，公司未直接与SpaceX 发生合作，公司为项目非 独家间接供应商。公司相关订单的获取受商业航天项目建设及扩产规划的影响较大，未来 ...

Core Viewpoint - The stock of Shuangliang Energy (600481.SH) experienced a significant drop after the Shanghai Stock Exchange issued a regulatory warning due to inaccurate and incomplete information regarding its collaboration with SpaceX, which had previously led to a surge in stock price [1][2]. Group 1: Company Actions and Regulatory Response - The Shanghai Stock Exchange has mandated Shuangliang Energy and its executives to implement effective measures to rectify the identified violations and improve compliance in information disclosure and operational standards [2]. - Shuangliang Energy disclosed that the three overseas orders mentioned in their announcement were signed on October 25, 2025, and January 9, 2026, totaling approximately RMB 13.92 million, which represents about 0.11% of the company's audited revenue for 2024, indicating no significant impact on operational performance [2]. Group 2: Financial Performance - Shuangliang Energy has faced severe revenue decline from 2020 to 2024, with revenues of RMB 2.07 billion, 3.83 billion, 14.48 billion, 23.15 billion, and 13.04 billion respectively, while net profits fluctuated from RMB 136 million to a loss of RMB 2.14 billion in 2024 [3]. - The company is projected to continue its poor performance in 2025, with an expected annual loss between RMB 780 million and 1.06 billion, and reported a 41.3% year-on-year revenue decline in the first three quarters, amounting to RMB 6.076 billion, alongside a net loss of RMB 550 million and a debt ratio of 81.9% [3].

Core Insights - The recent surge in the space photovoltaic sector, driven by Elon Musk's comments on the potential of solar energy for AI, has led to significant market fluctuations, with the Wind Space Photovoltaic Index rising nearly 40% in January before experiencing an over 8% decline from its peak due to clarifications from multiple companies [2][3] - The concept of space photovoltaics, while not new, is gaining traction as advancements in launch technology and cost reductions from companies like SpaceX make large-scale deployment more feasible [4][6] - Industry experts express skepticism about the immediate commercial viability of space photovoltaics, emphasizing that ground-based solar power will remain the primary energy source for the foreseeable future [2][5] Industry Trends - The potential market for space photovoltaics is vast, with estimates suggesting that launching 10,000 satellites annually could create a market worth 200 billion yuan for solar wings, and long-term projections estimate the market could reach 5.6 trillion yuan [3] - The rapid increase in SpaceX's launch frequency, from 31 launches in 2021 to a projected 167 in 2025, is expected to significantly lower launch costs, thereby facilitating the growth of the space photovoltaic sector [4] - Despite the optimism surrounding space photovoltaics, the industry remains cautious, with challenges such as high certification times for aerospace clients and the need for standardized supply chains and quality control systems [5][6] Technological Developments - The industry is focusing on developing new technologies such as P-type ultra-thin HJT batteries and perovskite-silicon tandem batteries, which are seen as potential solutions for the challenges faced in space photovoltaic applications [7] - Perovskite tandem batteries have shown laboratory efficiencies exceeding 35% and are significantly cheaper than traditional gallium arsenide batteries, making them a promising candidate for future space applications [7][8] - The integration of solar technology with aerospace initiatives is viewed as essential for Chinese companies to leverage their existing advantages in the photovoltaic supply chain and to participate in the global space race [9]

Core Viewpoint - The article discusses the impact of Elon Musk's vision for space photovoltaics on the Chinese solar industry, highlighting both the potential market opportunities and the challenges of commercialization in the near term [3][5]. Group 1: Market Dynamics - The Space Photovoltaic Index surged nearly 40% in January, driven by Musk's comments at the Davos Forum, but has since corrected by over 8% due to clarifications from several companies [3]. - If 10,000 satellites are launched annually, it could create a market space of 200 billion yuan for solar wings, with long-term projections estimating the space photovoltaic market could reach 5.6 trillion yuan [5][6]. Group 2: Technological Challenges - The high cost of launches and limited capacity have historically constrained the scalability of space photovoltaics, but advancements by SpaceX are expected to significantly reduce these costs [6]. - The unique environmental conditions in space present different operational challenges compared to ground-based solar systems, necessitating extensive testing and validation before large-scale deployment [7]. Group 3: Industry Participation - Chinese solar companies are encouraged to leverage their existing advantages in ground solar to collaborate with aerospace firms, aiming to capture early opportunities in the space photovoltaic sector [9][11]. - The article emphasizes the need for Chinese companies to accelerate the integration of solar and aerospace technologies, participate in international standard-setting, and innovate in global market solutions [11]. Group 4: Future Prospects - The development of new technologies such as P-type ultra-thin HJT batteries and perovskite-silicon tandem cells is seen as crucial for reducing costs and improving efficiency in space photovoltaics [10]. - The article suggests that while space photovoltaics are still in the early stages of commercialization, the industry is beginning to move faster in response to Musk's initiatives, with some companies already planning small-scale tests in space [9][10].

Core Viewpoint - The emergence of space photovoltaic technology, driven by Elon Musk's vision, presents both opportunities and challenges for the Chinese photovoltaic industry, with a focus on collaboration with domestic aerospace companies and the need for technological advancements in the sector [1][2][6]. Group 1: Market Dynamics - The space photovoltaic sector is projected to have a market potential of 5.6 trillion yuan, driven by the deployment of satellites and the integration of solar energy with AI capabilities [2][3]. - The Wind Space Photovoltaic Index saw a nearly 40% increase in January, but has since corrected by over 8% due to clarifications from multiple companies [1][2]. - The capital frenzy surrounding space photovoltaics has been influenced by Musk's statements at the Davos Forum, highlighting the importance of solar energy for AI [1][2]. Group 2: Technological Challenges - The high cost of satellite launches and limited capacity have historically constrained the scalability of space photovoltaics, but advancements in reusable rocket technology by SpaceX are changing this landscape [3][7]. - The industry remains cautious about the large-scale commercialization of space photovoltaics, citing the need for extensive testing and validation of technologies in extreme space environments [3][4]. - Current space photovoltaic solutions are primarily custom-made in small batches, necessitating the establishment of standardized supply chains and quality control systems [3][4]. Group 3: Strategic Collaborations - Chinese photovoltaic companies are encouraged to leverage their existing advantages in ground solar energy to collaborate with aerospace firms, aiming to capture opportunities in the space photovoltaic market [6][8]. - The integration of advanced technologies such as perovskite and heterojunction (HJT) solar cells is seen as crucial for the future of space photovoltaics, with potential applications in satellite energy systems [7][8]. - Companies are actively pursuing partnerships to test new technologies, with plans to replace traditional gallium arsenide solar cells with more efficient alternatives in upcoming satellite missions [6][7]. Group 4: Future Outlook - The global race towards space energy systems is intensifying, with initiatives like China's "Sunshine Plan" and the EU's SOLARIS plan emphasizing the importance of space photovoltaic stations [7]. - The next few years are expected to yield significant technological advancements in the photovoltaic sector, particularly in the development of P-type ultra-thin HJT cells and perovskite tandem cells [7][8]. - The Chinese photovoltaic industry is positioned to play a pivotal role in the future of space energy, given its comprehensive supply chain and competitive cost structure [8].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated an investigation into Shenzhen Yingjixin Technology Co., Ltd. for misleading statements related to information disclosure, particularly concerning their involvement in the brain-computer interface (BCI) chip sector [1][3]. Group 1: Investigation and Regulatory Actions - The CSRC has opened a case against Yingjixin for misleading disclosures made on January 6, where the company claimed to have launched a chip for BCI applications, which was later clarified to be in the market cultivation phase and not significantly impacting company performance [1][2]. - Other companies, including Ningbo Rongbai New Energy Technology Co., Ltd. and Shenzhen Yahui Long Biotechnology Co., Ltd., have also been investigated for similar misleading disclosures, with Rongbai facing a proposed fine of 9.5 million yuan [1][4]. Group 2: Misleading Information and Market Reactions - Yingjixin's January 6 response on the Shanghai Stock Exchange's E-interaction platform was deemed misleading as it did not accurately reflect the product's launch entity, sales scale, and the significant technical differences from international products [2][3]. - Following the misleading information, Yingjixin's stock price rose by 4.51% on the day of the announcement, despite the subsequent clarification that the product was not yet commercially viable [2][3]. Group 3: Broader Industry Implications - The regulatory actions against multiple companies signal a clear stance from authorities against "hype-driven" disclosures that mislead investors, emphasizing the need for accurate and complete information [4][7]. - Companies are reminded that voluntary disclosures are not exempt from regulations, and misleading statements can lead to significant penalties and regulatory scrutiny [7].

【导读】天合光能及董秘被上交所予以监管警示 又有光伏巨头遭监管警示！这一次的主角是天合光能。 2月13日，上交所发布《关于对天合光能股份有限公司及有关责任人予以监管警示的决定》。 此外，天合光能表示，公司目前的光伏组件产品主要应用于地面光伏领域，主营产品应用场景未发生重大变化。截至公告披露日，公司未有 涉及"太空光伏"的相关订单收入，未对公司经营业绩造成影响。 上交所指出，当前市场对中国光伏企业与SpaceX合作相关事项高度关注，公司发布相关信息尤其应当注意审慎、准确，避免对投资者产生 误导。 近期，有投资者就相关外媒报道的SpaceX扩建太阳能农场等相关信息向天合光能提问，询问公司与SpaceX是否有过合作。对此，天合光能 于2月5日在上证E互动平台回复表示，"公司曾与SpaceX在其火箭发射场的地面光伏电站有合作关系"。 此后，2月5日深夜，天合光能就该问题的回复发布说明公告。天合光能称，经核实，公司于2010年至2018年期间累计向北美区域客户Tesla Motors及其前身SolarCity供应了规模为775MW的组件，自此之后公司未再与其开展业务合作。截至目前，公司未与SpaceX开展任何合作， 亦 ...

关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 一、不实引发涨停 2026年2月12日13时25分，双良节能（维权）（600481）在其官方微信公众号发布了一则关于海外订单 的市场快讯。文中宣称，公司近期斩获3个海外订单，共计12台高效换热器设备将用于Space X星舰发射 基地扩建配套的燃料生产系统。 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 一、不实引发涨停 消息发布短短一分钟后，市场资金迅速涌入，推动公司股价直线拉升并封死涨停，直至当日收盘报 10.71元/股，全天成交额高达17.62亿元。该消息在社交媒体广泛传播，直接引发了投资者对公司深度参 与商业航天核心供应链的联想。 二、监管出手还原真相 在监管部门督促下，双良节能于当日盘后紧急发布澄清公告，补全了此前刻意隐瞒的关键信息。经查， 这3项订单并非"近日"签订，而是分别于2025年10月和2026年1月落地，合同总金额 ...

1、行情 蛇年最后一个交易日，市场全天缩量下跌。 题材方面，AI安全概念早盘大幅走强，人民网（炸）、绿盟科技（20CM炸）、汉邦高科（20CM）集体涨停，浩瀚深度、国投智能、数码视 讯、电科网安、新华网、亚信安全等早盘大幅冲高，但整体呈现大幅冲高回落走势； 无人驾驶盘中局部发力，浙江世宝、兴民智通、千里科技先后涨停，精进电动、永新光学、万集科技、豪恩汽电的走强； 军工板块局部大幅反弹，亚星锚链、安达维尔（20CM）、航发动力涨停，江航装备、江龙船艇、航材股份、航发控制等大涨； 此外，影视、内存、水产养殖等有局部异动表现，有色、稀土、CPO、SpaceX概念股等跌幅居前。 截至收盘，沪指、深成指、创业板指分别收跌1.26%、1.28%、1.57%，市场超3800股下跌，1500余股上涨，三市累计成交量不足2万亿。 …… 好了，充满着快乐、悲伤、遗憾、庆幸等百味杂陈的A股蛇年终于结束了，整体上这一年以来大家的体感一定是强于往年的。 希望A股和我们明年能够继续保持积极向上，真正走出一波慢牛行情。 提前祝大家新春快乐，年后投资每天都能春风得意马蹄疾！ 2、AI安全 AI安全、AI监管今日早盘高开高走，成为AI产业链中 ...

蛇年最后一个交易日，A股三大指数集体下挫，沪指跌1.26%，深证成指跌1.28%，创业板指跌1.57%。军工装备、影视院线、半导体板块涨幅靠前；光伏设 备、小金属、钢铁、港口航运、油气开采及服务板块下跌。 | 代码 | 名称 | 价格 | 张跌 | 涨幅量 | 换手% 几天几板[2 ... | 成交额 | 成交量 涨停分析 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300812 | 易天股份 | 41.76 | +6.96 | +20.00% | 32.04% 自板张停 | 11.727. | CPO+元进封装 29.70万 | | 300449 | 汉邦高科 | 9.18 | +1.53 | +20.00% | 17.48% 自极张侵 | 6.04 7. | 67.49万 数字水印+智拿 | | 300719 | 安达维尔 | 20.89 | +3.48 | +19.99% | 31.97% 首板涨停 | 11.46 Z | 57.43万 国产大 《机+e | | 002498 | 汉缆胶价 | 6.77 | +0.62 | +10.08% ...