作者 | 哥吉拉 数据支持 | 勾股大数据（www.gogudata.com） 2026开年，光伏组件行业迎来了一波始料未及的涨价潮。 毁约式涨价潮突袭 近日，多家分布式光伏投资企业被告知，其已经付款的组件订单在提货前夕被"涨价"，某头部组件企业要求合同签订时谈定 的0.73元/瓦的价格，调涨到0.8元/瓦。 1月13日，天合光能通过官微公告分布式市场指导价，多个产品型号都出现集体涨价，其中分布式光伏组件官方指导价为 0.85-0.89+元/W。 | 天合光能分布式光伏组件官方指导价 | | | | | | | --- | --- | --- | --- | --- | --- | | 适用范围:国内分布式光伏市场 | | | | | | | 分布式市场指导价格 周价格涨跌 | 类型 产品型号 | 规格 | (元/W:含税不含运) (相较上周) | 说明 | | | 适配于空间有限、安装灵活性要求高的场地: | NEG19RC.20 | 620W~650W+ | 0.85~0.89+ 1 | 天合引领2382*1134设计,当前主流档位635-640W: | 中版型组件 | | 适配追求单位面积高发电效率/规 ...

现货白银昨日走V收复大部分跌幅，在大宗商品交易员眼里，银价仍处牛市，落在光伏制造企业账面上，却是一道关于生死的催 命符。 隆基绿能、爱旭股份等头部企业均在近期上调了出货价格。爱旭更是明确表示，因原材料价格影响，组件成本正在快速上涨。 从"限产保价"到"停产放假" 1月16日华尔街见闻提及，特朗普政府暂缓对关键矿产征收关税，一度令白银从纪录高位回撤，但日内最终V形走势收复大部分跌 幅。而从去年初的29.41美元/盎司算起，至今现货白银涨幅已超过200%。 这种涨幅摧毁了光伏行业的成本模型。据彭博新能源财经数据显示，银浆在光伏组件总成本中的占比，已从2023年的3.4%飙升至 目前的29%。银浆已经正式取代硅料，成为光伏组件的第一大成本要素。 白银涨价潮下，光伏企业面临严峻考验，一些企业选择停产、涨价应对挑战，与此同时，制造商正加快减少白银用量的努力。 白银每涨一千块，成本抬一分 根据测算，银价每上涨1000元/公斤，电池片的单瓦成本就会上升1分钱。对于利润微薄的光伏行业，这1分钱足以决定一家工厂的 开工率。 BNEF分析师Yali Jiang指出，这种原材料价格的飙升给制造商带来了"不可抗拒的成本压力"。 目前 ...

光伏资讯 | PV-info 2026 年 1 月第 1 周光伏行业企业官方微信公众号传播力榜单正式出炉！本次榜单以总阅读数为核心指标，结合发文数、头条阅读、互动数据等维度，展 现了光伏企业的传播表现。 | 排名 | 公众号 | | 发文数 = | 总阅读数 | | --- | --- | --- | --- | --- | | 1 | | 通威集团 tongweiGroup | 13 | 15W+ | | 2 | | 晶科能源Jinko... jinkosolardyh | 7 | 10.7W+ | | 3 | | 爰旭股份 Aikosolar_Group | б | 27626 | | 4 | | 降基绿能 longi-silicon | 6 | 14498 | | 5 | | 天合光能 trinasolar1997 | 11 | 8615 | | б | | 降基LONGi So ... LONGi_Solar | 6 | 8572 | | 7 | | 晶澳科技 JA S ... jingaosolar | 4 | 7702 | | 8 | | 正泰新能Astro.. | 5 | 5281 | | | ...

Investment Rating - The report maintains an investment rating of "Synchronize with the market - A" for the electric equipment and new energy industry [1]. Core Viewpoints - The report highlights that China has submitted applications for over 200,000 new satellites, marking the largest international frequency and orbit resource application in the country's history [3]. - Starting from April 2026, the export tax rebate for photovoltaic products will be canceled, which may impact the industry dynamics [4]. - The photovoltaic power generation utilization rate for January to November 2025 was reported at 94.8%, indicating strong performance in the sector [4]. Summary by Relevant Sections Preferred Stocks - The report lists several preferred stocks with ratings: - Aishuo Co., Ltd. (600732.SH) - Buy - B - Daqian Energy (688303.SH) - Buy - B - Fulete (601865.SH) - Buy - A - Haibo Sichuang (688411.SH) - Buy - A - Sunshine Power (300274.SZ) - Buy - A - Langxin Group (300682.SZ) - Buy - B - Quartz Co., Ltd. (603688.SH) - Buy - A [2]. Price Tracking - The average price of dense polysilicon is reported at 54.0 CNY/kg, up 3.8% from the previous week, while granular silicon is at 52.0 CNY/kg, up 4.0% [5]. - The average price for 182-183.75mm N-type battery cells is 0.39 CNY/W, reflecting a 2.6% increase [6]. - The price for 182*182-210mm TOPCon double-glass modules is 0.70 CNY/W, showing a 0.3% increase [7]. Investment Suggestions - The report recommends focusing on companies in various sectors: - BC new technology: Aishuo Co., Ltd. - Supply-side: Daqian Energy, Fulete - Light storage: Haibo Sichuang, Sunshine Power - Power marketization: Langxin Group - Domestic substitution: Quartz Co., Ltd. - Additional companies to watch include Longi Green Energy, Hongdian East Magnet, and others [8].

国家知识产权局信息显示，浙江爱旭太阳能科技有限公司、广东爱旭科技有限公司、天津爱旭太阳能科 技有限公司、珠海富山爱旭太阳能科技有限公司取得一项名为"一种钙钛矿太阳能电池组件及其制作方 法"的专利，授权公告号CN114361347B，申请日期为2021年12月。 天津爱旭太阳能科技有限公司，成立于2018年，位于天津市，是一家以从事化学原料和化学制品制造业 为主的企业。企业注册资本130000万人民币。通过天眼查大数据分析，天津爱旭太阳能科技有限公司共 对外投资了1家企业，参与招投标项目23次，专利信息1410条，此外企业还拥有行政许可153个。 珠海富山爱旭太阳能科技有限公司，成立于2021年，位于珠海市，是一家以从事电力、热力生产和供应 业为主的企业。企业注册资本450000万人民币。通过天眼查大数据分析，珠海富山爱旭太阳能科技有限 公司参与招投标项目115次，专利信息1272条，此外企业还拥有行政许可315个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 天眼查资料显示，浙江爱旭太阳能科技有限公司，成立于2016年，位于金华市，是一家以从事电 ...

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the photovoltaic sector [2][7]. Core Insights - The cancellation of the export VAT rebate for photovoltaic products, effective from April 1, 2026, marks the end of over a decade of direct fiscal support for photovoltaic exports, potentially leading the industry towards high-quality development [1][2]. - A "window period" is expected to create a surge in export orders and production increases in Q1 2026, improving the performance of companies heavily reliant on exports [2]. - Following the end of the export rebate, overseas pricing for photovoltaic components is anticipated to rise, benefiting leading companies with strong brand and channel advantages [2]. - The cancellation of the rebate is seen as a response to the industry's call to reduce low-price competition, which may accelerate the exit of inefficient production capacities and allow leading firms to gain market share [2]. - Companies with overseas production capabilities and local market presence are expected to benefit from the reduced cost disadvantage of local manufacturing [2]. Summary by Sections Policy Impact - The export VAT rebate for photovoltaic products will be eliminated, transitioning the industry towards a more sustainable growth model [1][2]. Market Dynamics - A surge in orders and production is expected in Q1 2026 due to the impending policy change, similar to previous "rush to install" phenomena [2]. - The end of the rebate is likely to lead to a reevaluation of overseas component prices, with stronger pricing power for top-tier companies [2]. Competitive Landscape - The cancellation of the rebate is anticipated to facilitate the exit of low-efficiency production capacities, allowing leading companies to enhance their market share through technological and brand advantages [2]. - Companies with advanced technologies and cost advantages, such as those focusing on TOPCon/BC technologies and silicon material upgrades, are highlighted as potential investment opportunities [2]. Valuation of Key Companies - A table of key companies with their respective valuations and projected earnings for 2025-2027 is provided, indicating varying levels of profitability and market performance [3].

Investment Rating - The report maintains a "Buy" rating for several companies, including Aishuo Co., Ltd. (600732.SH), Daqian Energy (688303.SH), Haibo Sichuang (688411.SH), Sungrow Power Supply (300274.SZ), Flat Glass Group (601865.SH), Longxin Group (300682.SZ), and Quartz Co., Ltd. (603688.SH) [2] Core Insights - The solar industry has experienced a decline in new installations, with November 2025 seeing a 11.9% year-on-year decrease, totaling 22.0 GW. However, the cumulative new installations from January to November 2025 reached 274.89 GW, reflecting a 33.2% increase year-on-year [3][13] - Solar module exports in November 2025 amounted to 171.4 billion yuan, marking a 33.9% year-on-year increase and a 6.6% month-on-month increase. The cumulative export value from January to November 2025 was 1854.0 billion yuan, down 9.0% year-on-year [4][16] - Inverter exports also showed positive growth, with November 2025 exports reaching 54.5 billion yuan, a 25.6% year-on-year increase and a 13.0% month-on-month increase. The cumulative export value for inverters from January to November 2025 was 587.5 billion yuan, up 8.7% year-on-year [4][28] - Solar power generation in November 2025 increased by 23.4% year-on-year, contributing to 5.29% of the total national power generation, which was 7792 billion kWh, a 2.7% increase year-on-year [5][41] Summary by Sections New Installations - November 2025 saw a domestic solar installation of 22.0 GW, down 11.9% year-on-year but up 74.8% month-on-month. Cumulative installations for the year reached 274.89 GW, up 33.2% year-on-year [3][13] Exports - Solar module exports in November 2025 were 171.4 billion yuan, up 33.9% year-on-year and 6.6% month-on-month. Cumulative exports for the year were 1854.0 billion yuan, down 9.0% year-on-year [4][16] - Inverter exports reached 54.5 billion yuan in November 2025, a 25.6% year-on-year increase and a 13.0% month-on-month increase. Cumulative exports for the year were 587.5 billion yuan, up 8.7% year-on-year [4][28] Power Generation - Solar power generation in November 2025 was 412.2 billion kWh, reflecting a 23.4% year-on-year increase and accounting for 5.29% of total national power generation [5][41] Investment Recommendations - The report recommends focusing on companies such as Aishuo Co., Ltd. for new technology, Daqian Energy and Flat Glass Group for supply-side initiatives, Haibo Sichuang and Sungrow Power Supply for energy storage, Longxin Group for market-oriented strategies, and Quartz Co., Ltd. for domestic substitution [5][46]

Investment Rating - The report rates the photovoltaic industry as "Overweight," indicating that the industry is expected to outperform the overall market [2]. Core Insights - The cancellation of the export VAT rebate for photovoltaic products, effective April 1, 2026, marks the end of over a decade of direct fiscal support for photovoltaic exports, potentially leading the industry into a phase of high-quality development [1]. - A "window period" is anticipated, leading to increased overseas orders and production ramp-up in Q1 2026, similar to previous phases of accelerated installations, which is expected to improve the performance of export-oriented photovoltaic companies [2]. - After the policy window closes, overseas component prices are likely to be renegotiated, as China, being the largest exporter of photovoltaic components, will have stronger pricing power due to the cancellation of the rebate, which is expected to lead to price increases [2]. - The cancellation of the export rebate is seen as a response to the call for reducing low-price competition in the photovoltaic industry, which will accelerate the exit of inefficient production capacities and reshape the market landscape [2]. - Companies with overseas production capacity and strong brand/channel advantages are expected to benefit from the narrowing cost disadvantage of local manufacturing, particularly in regions like the Middle East and North Africa [2]. Summary by Relevant Sections Industry Outlook - The cancellation of the export VAT rebate is expected to enhance the industry's quality of development and reduce fiscal funds being transferred to overseas terminals [2]. - The report suggests that leading companies with technological advantages (TOPCon/BC), strong brands, and distribution channels will continue to gain market share [2]. Investment Recommendations - The report recommends focusing on leading companies with overseas production capabilities, such as Longi Green Energy, JinkoSolar, Trina Solar, and others, which are expected to benefit from the "price adjustment and capacity exit" [2]. - Companies that are advancing new technologies and material upgrades, such as Aiko Solar and Dongfang Risheng, are also highlighted for their potential to enhance product efficiency and pricing power [2]. - Cost-advantaged silicon material companies like Tongwei Co. and Daqo New Energy are recommended for investment consideration [2]. Valuation Table - A valuation table is provided, detailing the estimated net profits and price-to-earnings (PE) ratios for key companies in the industry, indicating varying performance expectations for 2025 to 2027 [3].

当全球光伏行业从"产能扩张"的喧嚣中冷静下来，当全行业在思考如何打破"内卷"困局时，一项被重新 定义的技术悄然崛起，从"技术标杆"转向"市场主流"，成为行业破局 这项技术就是——BC(背接触电池)技术。它不再只是实验室中追求效率极致的皇冠上的明珠，而是正在 重构光伏行业发展逻辑，被视为开启行业新一轮增长的核心引擎。 "通过对3—4年的数据和测试结果的跟踪，我们发现BC技术的性能大幅度在提升，目前实验室测出来的 BC的电池片转换率效率已经达到27.55%，与其他技术相比，应该有1.2%以上的优势，性能提升非常明 显。"作为第三方检测机构，T V莱茵全球电力电子产品服务副总裁兼大中华区太阳能与商业产品服务 副总裁李卫春说。 场景革命：从分布式到集中式 BC电池是一种将电池的正负极全部置于背面，正面无任何栅线遮挡的光伏电池技术，可以增加电池吸 收太阳光照射的面积，提高转换效率，发出更多的电。其原理可追溯至1954年贝尔实验室，但长期以来 受制于复杂的工艺和高昂的成本，始终未能大规模产业化。如今，这一局面正在被打破。 不仅是效率的提升，一直被视为行业痛点的"防遮挡""防热斑""抗隐裂"，也被BC技术逐一破解。爱旭 B ...

资金流向方面，主力资金净流出2521.74万元，特大单买入1406.18万元，占比3.88%，卖出2330.45万 元，占比6.42%；大单买入7278.81万元，占比20.06%，卖出8876.28万元，占比24.46%。 爱旭股份今年以来股价涨1.19%，近5个交易日涨1.19%，近20日涨3.67%，近60日跌23.52%。 资料显示，上海爱旭新能源股份有限公司位于浙江省义乌市苏溪镇好派路699号，成立日期1996年8月12 日，上市日期1996年8月16日，公司主营业务涉及太阳能电池的研发、生产和销售。主营业务收入构成 为：太阳能组件74.44%，太阳能电池片18.58%，受托加工5.63%，技术咨询服务0.69%，其他(补 充)0.65%，智慧能源业务0.00%。 爱旭股份所属申万行业为：电力设备-光伏设备-光伏电池组件。所属概念板块包括：BC电池、TOPCon 电池、QFII持股、壳资源、中盘等。 1月9日，爱旭股份盘中下跌2.02%，截至13:53，报13.56元/股，成交3.63亿元，换手率1.46%，总市值 287.10亿元。 截至9月30日，爱旭股份股东户数7.07万，较上期减少9.57% ...