爱旭股份公告称，2025年12月30日至2026年2月4日，持股5%以上非控股股东义乌奇光通过集中竞价和 大宗交易，合计减持公司股份2390.37万股，占总股本的1.13%。本次权益变动后，义乌奇光持股比例由 7.96%降至6.83%。本次减持是履行此前披露的减持计划，不触及要约收购，不会导致实控人变化。截 至公告披露日，义乌奇光仍处于减持计划实施期。 ...

| 交易日期 | 适券简称 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 类出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-02-04 | 爱旭股份 | 600732 | 13.44 | 201.6 | 15 | 机构专用 | 容量： | 143 | | 2026-02-04 | 爱想脸份 | 600732 | 13.44 | 201.6 | 15 | 机构专用 | 2017 - 12 | る | | 2026-02-04 | 爱旭股份 | 600732 | 13.44 | 201.6 | 15 | 机构专用 | 藝百年最大學 | 중 | 2月4日，爱旭股份大宗交易成交600万股，成交额8064万元，占当日总成交额的6.13%，成交价13.44 元，较市场收盘价14.77元折价9%。 | 交易日期 | 证券間称 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 类出管业部 | 是否为专场 | | --- | --- ...

Group 1 - Company Sunlight Power (300274) is a leading domestic enterprise in photovoltaic inverters, covering the entire industry chain including energy storage systems and photovoltaic power station development [1][43] - The company has strong technical capabilities in power electronics and system integration, with products suitable for various applications including residential, commercial, and large-scale ground power stations [1][43] - In the space photovoltaic and computing power sector, Sunlight Power's technology can be adapted for space applications, providing stable power support for space computing centers [1][43][44] Group 2 - Longi Green Energy (601012) is a leading domestic photovoltaic company focusing on the research and production of monocrystalline silicon rods and wafers, with a complete vertical integration in the industry chain [2][45] - The company excels in new generation high-efficiency battery technologies such as N-type TOPCon and HJT, with significant cost control and technical advantages [2][45] - Longi's ultra-thin silicon wafer technology meets the stringent requirements for space photovoltaic components, enabling reduced weight and improved energy efficiency for space computing centers [2][45] Group 3 - Tongwei Co., Ltd. (600438) is a dual leader in photovoltaic silicon materials and battery production, with a strong focus on high-purity crystalline silicon and photovoltaic battery manufacturing [3][46] - The company has a high market share in high-purity silicon production and is well-positioned to meet the rigorous standards required for space photovoltaic components [3][46] - Tongwei's efficient battery technology can enhance power generation in space photovoltaic applications, positioning the company as a key supplier in the space photovoltaic supply chain [3][46] Group 4 - Deye Technology (605117) is a quality enterprise with core businesses in dehumidification equipment and photovoltaic energy storage systems, excelling in household and commercial energy storage solutions [4][43] - The company's energy storage technology is crucial for providing stable energy supply in space photovoltaic applications, addressing intermittent power generation issues [4][43][44] - Deye's experience in developing equipment for extreme environments positions it well to adapt products for space applications [4][43] Group 5 - Jingcheng Machinery (300316) is a leading domestic enterprise in photovoltaic crystal growth equipment, focusing on high-end equipment for photovoltaic manufacturing [5][6] - The company's technology supports the production of high-purity silicon crystals and ultra-thin silicon wafers, essential for space photovoltaic components [5][6] - As the space photovoltaic industry matures, Jingcheng is expected to provide core manufacturing equipment for the space photovoltaic supply chain [5][6] Group 6 - Maiwei Co., Ltd. (300751) is a leading enterprise in photovoltaic battery equipment, specializing in HJT and perovskite tandem battery technologies [7][41] - The company's equipment is crucial for the mass production of high-efficiency batteries that meet the stringent requirements of space photovoltaic applications [7][41] - Maiwei's technology can support the development of space-specific battery manufacturing equipment, enhancing energy system efficiency for space computing centers [7][41] Group 7 - Foster (603806) is a global leader in photovoltaic packaging materials, focusing on EVA and POE films, with a strong market presence [8][43] - The company's packaging materials are essential for ensuring the durability and performance of photovoltaic components in extreme space environments [8][43] - Foster aims to develop specialized packaging materials for space applications, enhancing the reliability of space photovoltaic systems [8][43] Group 8 - JinkoSolar (002459) is a global leader in photovoltaic modules, with a comprehensive business model covering silicon wafers, battery cells, and modules [10][43] - The company has a strong technical foundation and global production capabilities, allowing it to meet diverse application needs [10][43] - JinkoSolar's module manufacturing technology is well-suited for space applications, with the potential to become a core supplier for space photovoltaic systems [10][43] Group 9 - TCL Zhonghuan (002129) is a core enterprise in the silicon wafer sector, focusing on monocrystalline silicon materials and semiconductor materials [12][43] - The company's high-purity silicon technology is critical for space photovoltaic components, meeting the stringent requirements for purity and performance [12][43] - TCL Zhonghuan is positioned to develop space-specific silicon products, enhancing its role in the space photovoltaic supply chain [12][43] Group 10 - Aerospace Electromechanical (600151) is a leading enterprise in the integration of aerospace and photovoltaic technologies, covering the entire industry chain from component manufacturing to power station operation [19][43] - The company's aerospace power technology can be directly applied to space photovoltaic systems, providing essential energy management solutions [19][43] - With its experience in satellite systems, Aerospace Electromechanical is well-positioned to participate in the development of space computing centers [19][43]

Core Viewpoint - The A-share market is witnessing a surge in space photovoltaic concept stocks, driven by the strategic importance of space-based artificial intelligence and the global competition for low Earth orbit resources [1] Group 1: Market Performance - Foster (福斯特) reached a limit-up increase of 10%, with a total market value of 48.8 billion and a year-to-date increase of 33.95% [2] - Junda Co. (钧达股份) rose by 7.25%, with a market value of 33.4 billion and a year-to-date increase of 96.78% [2] - JA Solar Technology (晶澳科技) increased by 6.14%, with a market value of 39.5 billion and a year-to-date increase of 4.10% [2] - Trina Solar (天合光能) saw a rise of 5.58%, with a market value of 46.5 billion and a year-to-date increase of 20.06% [2] - Other notable increases include: - Flat Glass Group (福莱特) at 5.56% [2] - Yamaton (亚玛顿) at 5.44% [2] - Aiko Solar (爱旭股份) at 5.39% [2] - Zhonglai Co. (中来股份) at 4.40% [2] Group 2: Industry Insights - CITIC Securities emphasizes that space photovoltaics are not merely speculative but are on the verge of large-scale deployment, driven by new demands from "space computing power + AI" and the ongoing competition for low Earth orbit resources [1] - The development of space photovoltaics is linked to national strategic needs for satellite deployment, communication capabilities, and the integration of computing power and AI [1] - CICC notes that with the booming commercial space sector, space photovoltaics are becoming a core direction for upgrading power systems, moving towards a new phase of technological advancement and industrial delivery [1]

2月3日，A股市场太空光伏（核心股）概念股走强，其中，福斯特涨停，钧达股份涨超7%，晶澳科技 涨超6%，天合光能、福莱特、亚玛顿、爱旭股份涨超5%，中来股份涨超4%。SpaceX称，基于太空的 人工智能是扩大该技术规模的唯一途径。 中信证券指出，太空光伏（核心股）并非炒作，正在进入规模化部署的前夜。太空光伏的爆发，不仅源 于"太空算力（核心股）+AI"的新需求，更深层的驱动力，是全球正在激烈上演的"低轨轨道资源争夺 战"。中国加速部署卫星星座，首先是战略占轨，其次是构建通信能力，最后才是在此基础上叠加算力 与AI。太空光伏它始于国家战略的紧迫占轨，成于通信星座的大规模部署，爆发于AI算力的能源革 命。这不是PPT故事，而是一条清晰的"轨道→通信→算力"演进链条。 中金指出，商业航天（核心股）蓬勃发展背景下，太空光伏（核心股）作为其电源系统升级的核心方 向，在星座批量组网的牵引下正迈向技术路线升级与产业化交付的新阶段。随着我国低轨星座进入密集 部署期、单星功率持续上行叠加太空算力（核心股）等新应用场景推进探索，建议把握太空光伏带来的 全产业链变革，持续关注制造产业端落地密集催化。 | 代码 | 名称 | | 涨 ...

拆解这一成绩的动力结构，一幅清晰的"双轮驱动"图景浮现：传统动力凭借其深厚韧性持续提供稳健支撑的同时，战新业务的全面爆发已成长为潍柴强劲 的增量引擎。 以SOFC和高端发电动力为核心的电力能源业务，凭借前沿技术卡位全球市场；以电池及电驱动系统为核心的新能源动力业务，随着动力电池产业园的投 产与"三电"系统自主化，驱动能源动力转型全面提速；以智能网联技术赋能的智慧物流生态，则从产品驱动向"解决方案+服务"模式跃迁。三大战线并 举，正系统性地重塑潍柴的增长逻辑与产业边界。 媒体来源：卡车信息网 在行业周期调整与全球竞争加剧的复杂局面上，潍柴集团却依旧交出了一份逆势上扬的答卷：2025年全年营业总收入3550亿元，同比增长14%，再创历史 新高。 大缸径发动机的突破，正是此次战略升维中最具代表性的"能力迁移"范本。 它并非一个孤立的产品成功，而是潍柴将数十载在道路动力领域淬炼出的超 高可靠性、极致热效率和复杂系统集成能力，战略性迁移至数据中心这一对稳定性有苛刻要求的工业高端市场。这标志着其核心能力矩阵在全新价值场景 下的成功再造与价值重估，为集团打开了利润率更高、竞争壁垒更深的增长空间。 全年发电产品销量突破10万 ...

消息面上，通威股份、隆基绿能、爱旭股份相继发布2025年度业绩预告，均为亏损状态。然而在谈到预 亏的原因时，多家公司均提到了白银价格上涨对业绩的影响。隆基绿能在公告中指出，四季度银浆、硅 料成本大幅上涨，显著推升了硅片、电池及组件产品成本。通威股份在谈到亏损原因时也提到"白银等 部分核心原材料价格持续上涨"。 据悉，银浆是太阳能电池板的关键材料，用于制作导电触点以传输电池产生的电力。数据显示，电池片 中使用的微量白银目前占组件总成本的29%，而2023年仅为3.4%，去年为14%。光伏行业积极通过技术 调整来化解白银价格上涨的压力，加速用铜等更廉价材料替代白银的计划来做出应对。 智通财经APP获悉，光伏股再度走低，截至发稿，彩虹新能源(00438)跌6.45%，报2.03港元；福莱特玻 璃(06865)跌5.76%，报10.97港元；信义光能(00968)跌4.29%，报3.35港元；新特能源(01799)跌3.54%， 报7.64港元。 ...

Core Viewpoint - The photovoltaic sector is experiencing a decline, with several key companies reporting significant losses for 2025, primarily attributed to rising silver prices impacting production costs [1] Group 1: Company Performance - Rainbow New Energy (00438) shares fell by 6.45%, trading at HKD 2.03 [1] - Flat Glass (601865) shares decreased by 5.76%, trading at HKD 10.97 [1] - Xinyi Solar (00968) shares dropped by 4.29%, trading at HKD 3.35 [1] - New Special Energy (01799) shares declined by 3.54%, trading at HKD 7.64 [1] Group 2: Financial Forecasts - Tongwei Co. (600438), Longi Green Energy (601012), and Aiko Solar (600732) all issued profit warnings for 2025, indicating expected losses [1] - Longi Green Energy cited significant increases in silver paste and silicon material costs as a major factor for the anticipated losses [1] - Tongwei Co. also mentioned that the continuous rise in prices of core raw materials, including silver, is contributing to their financial difficulties [1] Group 3: Industry Insights - Silver paste is a critical material in solar panels, used for creating conductive contacts to transmit electricity generated by the cells [1] - The current usage of silver in battery cells accounts for 29% of the total cost of components, a significant increase from 3.4% in 2023 and 14% last year [1] - The photovoltaic industry is actively seeking to mitigate the impact of rising silver prices by accelerating plans to replace silver with cheaper materials like copper [1]

Core Viewpoint - The Jinan New and Old Kinetic Energy Conversion Pilot Zone is committed to promoting green, low-carbon, and high-quality development by focusing on the "dual carbon" goals and exploring innovative reforms in the energy sector [1] Group 1: Energy Transition Initiatives - The pilot zone is recognized as the only pilot unit in Jinan for energy green and low-carbon transition, establishing a collaborative work mechanism among multiple departments to ensure the implementation of pilot projects [1] - A detailed construction plan for the energy green low-carbon transition pilot for 2025 has been issued, outlining annual goals, key tasks, and project lists to enhance policy support and resource allocation [1] Group 2: Collaborative Development Models - The green low-carbon vehicle network interactive charging and swapping demonstration station has been developed through collaboration between Jinan Power Supply Company and local government, featuring advanced technology and comprehensive facilities [2] - The station includes 123 charging and swapping spots, with 104 charging piles, and integrates various elements such as photovoltaic, energy storage, and V2G technologies [2] Group 3: Clean Energy Utilization - The pilot zone is actively promoting photovoltaic power generation integrated with buildings, achieving a total installed capacity of approximately 49,000 kW and an annual power generation of 57 million kWh [3] - Geothermal energy utilization projects have been developed, covering a heating area of about 220,000 square meters, leveraging the region's rich geothermal resources [3] - Hydrogen energy applications are being expanded, with over 100 hydrogen-powered vehicles promoted for urban construction and logistics [3] Group 4: Advanced Technology and Equipment - The Aiko Solar high-efficiency battery module project has been established, with a production capacity of 3 GW and an expected full production by 2026, featuring innovative ABC photovoltaic battery components [4] - A 350 million yuan investment project for perovskite solar cells is underway, focusing on high-efficiency and stable production processes [4] Group 5: Comprehensive Smart Energy Development - A "1+4" planning system has been established to manage electricity supply, heating, and comprehensive smart energy services, with a draft plan already in progress [5] - A multi-energy integrated management system is being constructed, incorporating various energy forms and advanced technologies for better control and visibility [5] Group 6: Project Implementation - Ongoing projects include the construction of integrated heating and cooling systems, green electricity supply for industrial parks, and hydrogen energy pilot projects, leveraging the demonstration effects of the low-carbon vehicle network interactive charging station [6]

Core Viewpoint - The photovoltaic (PV) industry in A-shares is facing significant losses, with many leading companies projecting substantial pre-loss figures for 2025 due to a challenging operating environment and supply-demand imbalances [2][3]. Group 1: Financial Performance and Projections - Major PV companies are expected to report significant pre-loss figures for 2025, including Tongwei Co. with a projected loss of 9 to 10 billion yuan, LONGi Green Energy with 6 to 6.5 billion yuan, and JinkoSolar with 5.9 to 6.9 billion yuan [2]. - The overall operating environment remains difficult, with many companies experiencing nine consecutive quarters of losses since Q4 2023, driven by price declines and insufficient end-demand [3]. Group 2: Industry Dynamics - The PV module prices are under pressure due to "involutionary competition" and a lack of terminal demand, with market transaction prices around 0.6 yuan per watt expected in mid-2025 [3]. - The industry is witnessing a supply surplus, with production rates declining across various segments, while core material prices, such as silver, continue to rise [3]. Group 3: Recovery Efforts and Future Goals - Some companies are beginning to emerge from the loss cycle, with LONGi Green Energy projecting a maximum reduction in losses of 30.38% and Aiko Solar up to 77.44% compared to 2024 [4]. - The China Photovoltaic Industry Association noted a 16.9% year-on-year decline in revenue for the main industry chain in the first three quarters of 2025, but an improvement in gross margins to 3.64% [4]. - Several leading PV companies have set profit targets for 2026, with Trina Solar aiming for a net profit of no less than 200 million yuan and LONGi Green Energy targeting positive net profits in subsequent years [5].