本报记者 殷高峰 贺兰山脚下，阳光明媚，一座座小型户外实证电站格外显眼。这里是我国光伏行业最大的户外实证基地 ——国家光伏质检中心银川户外实证基地（以下简称"银川基地"）。 光伏行业已经成为我国在全球领先的优势产业之一。海关总署的数据显示，从2021年到2024年，我国光 伏产品已连续4年出口超过2000亿元。 事实上，在中国光伏产业不断发展壮大的背后，户外实证基地也是重要推动力之一。 当前，光伏行业的技术正快速迭代，特别是新一代技术更需要得到实证电站的检验。 日前，《证券日报》记者来到银川基地，探寻前沿光伏技术的实证结果。 不久前，一直致力于差异化竞争的隆基绿能采用BC技术的Hi-MOX10"三防"组件拿到了全球光伏行业首 个"三防"检测证书。 据悉，隆基绿能的Hi-MOX10"三防"组件主要应用于分布式市场，作为全球首款具备"三防"功能的光伏 组件，"防起火、防遮挡、防积灰"的"三防"功能是其核心竞争力。 "基地建成以来已为国内外300多家光伏企业提供了检测、实证、科研、标准、培训等技术服务，现场检 测验收服务覆盖全国十余个省级单位的数千个光伏电站。"国家光伏质检中心首席技术官王炳楠在接受 《证券日报》记 ...

证券日报网讯 12月1日，隆基绿能在互动平台回答投资者提问时表示，在全球能源变革的时代背景下， 中国能源产业链有望向智能化、绿色化、融合化方向纵深发展，光伏产业凭借技术创新及成本优势，在 未来能源体系中的主体地位将进一步凸显。未来公司将继续聚焦技术创新及产品研发，着力解决客户需 求痛点，为全球市场提供更加高效、可靠、安全的光伏产品，不断拓展多元化光伏应用场景；同时，公 司将不断深化光伏、储能及氢能业务的深度融合，为终端客户提供光储氢一体化综合能源解决方案。 （文章来源：证券日报） ...

Core Viewpoint - The photovoltaic industry is currently facing a significant supply-demand mismatch, and is undergoing a critical transformation from "homogeneous price competition" to "differentiated value creation" driven by technology [1] Industry Summary - The photovoltaic industry is experiencing a transition characterized by a shift from price-based competition to a focus on creating differentiated value [1] - Technology is identified as the core driver to break the internal competition and reshape the industry landscape [1] Company Summary - The company will continue to rely on technological innovation as the primary driver for its future development [1] - The innovation direction will be further expanded, focusing on improving product conversion efficiency and reducing production costs [1] - The company plans to further explore scenario-based applications in the photovoltaic sector [1]

刚刚过去的11月，光伏与能源领域迎来两大里程碑事件。 先是11月26日，全球太阳能科技领导者隆基绿能（601012.SH）在英国伦敦重磅发布储能战略，正式进 军储能领域，完成从光伏领导者向 "光储氢一体化" 综合能源解决方案提供商的战略升级。紧接着月 底，在第二十一届中国太阳级硅及光伏发电研讨会（21st CSPV）上，隆基绿能展示的突破性HPBC 2.0 技术引发行业广泛关注。 可以说，从光伏技术的持续突破到储能领域的全新布局，隆基绿能正以全方位的技术创新与战略远见， 推动全球能源转型从 "效率竞争"迈向"价值发电"新阶段，为行业发展注入强劲动力。 HPBC 2.0技术，引领光伏 "价值发电" 新变革 在光伏产业发展进程中，技术路线的迭代始终是推动行业进步的核心动力。 长期以来，光伏行业竞争焦点高度集中在电池与组件的转换效率上，企业纷纷投入巨资冲击实验室效率 纪录。然而，随着技术路径逐渐收敛、市场应用日益成熟，单纯追求效率数字已难以全面体现光伏系统 的综合竞争力。在此背景下，隆基绿能率先提出从"效率优先"转向"价值为王"的发展理念，而 HPBC 2.0技术的产业化突破，正是这一理念的生动实践。 HPBC 2 ...

Core Viewpoint - Longi Green Energy Technology Co., Ltd. successfully issued a green corporate bond aimed at professional investors, marking a significant step in supporting private enterprise financing and aligning with national strategies for technological and green finance [1][2]. Group 1: Bond Issuance Details - The bond issuance scale is 1.48 billion yuan, with a term of 3+2 years and a coupon rate of 2.89%, categorized as a high-growth industry bond [1]. - Special arrangements have been made for investor protection and information disclosure, highlighting the bond's characteristics such as reliable information disclosure and active market trading [1]. Group 2: Company Mission and Strategy - Longi Green Energy aims to become the world's most valuable solar technology company, focusing on technological innovation and creating a product matrix that supports global zero-carbon development, including green electricity and hydrogen products [2]. - The successful issuance of the green corporate bond reflects strong support from the capital market for private enterprise financing and aligns with national strategies [2]. Group 3: Role of Guosen Securities - Guosen Securities acted as the lead underwriter and has provided various financing services to Longi Green Energy since 2012, raising a total of 26.19 billion yuan [2]. - The successful bond issuance demonstrates Guosen Securities' commitment to providing comprehensive financial services and supporting green development initiatives [2][3]. Group 4: Future Focus - Guosen Securities will continue to focus on serving the real economy, emphasizing technological innovation and green finance to contribute to high-quality development in the capital market and the real economy [3].

Core Insights - The article discusses the strategic moves of leading companies in the energy storage sector, particularly focusing on the European market and the upcoming release of a comprehensive report on energy storage and digitalization [2][18]. Group 1: Industry Trends - The energy storage market in Europe is expected to experience significant growth, with a projected increase in installed capacity of 35.3 GWh by 2025, representing a year-on-year growth of over 75% [18]. - The European Photovoltaic Industry Association aims to increase total energy storage capacity from the current 50 GWh to between 500 GWh and 780 GWh by 2030, indicating a potential tenfold increase [18]. - Commercial and industrial (C&I) energy storage capacity in Europe is anticipated to grow thirteenfold from 2025 to 2034, reaching 33 GW/77 GWh [19]. Group 2: Company Strategies - Longi Green Energy has entered the energy storage market by acquiring a 61.9998% voting power in Precision Energy, marking its strategic shift towards energy storage [3]. - Longi's energy storage strategy emphasizes a "photovoltaic-storage-hydrogen integration" approach, aiming to create a stable energy framework [14][21]. - Sungrow Power Supply has launched the PowerKeeper series, a modular and integrated energy storage solution, targeting the commercial sector in Europe [6][12]. Group 3: Competitive Landscape - The simultaneous strategic moves by Longi Green Energy and Sungrow Power Supply in Europe indicate a competitive landscape where both companies are vying for market share, albeit with different approaches [20][22]. - Longi focuses on integrating photovoltaic, storage, and hydrogen technologies, while Sungrow emphasizes modularity and intelligent solutions for commercial applications [21]. - The European market is becoming a battleground for global energy storage leaders, where competition extends beyond products to include solutions, business models, and localized service capabilities [22].

| 证券代 | 证券简称 | 主力资金净流出 | 主力资金净流出金额 | 主力资金净流出比例 | 累计涨跌幅 | | --- | --- | --- | --- | --- | --- | | 码 | | 天数 | （亿元） | （%） | （%） | | 300059 | 东方财富 | 12 | 52.10 | 9.05 | -8.12 | | 300058 | 蓝色光标 | 5 | 31.25 | 6.02 | -4.28 | | 601012 | 隆基绿能 | 8 | 24.51 | 9.27 | -11.56 | | 000617 | 中油资本 | 23 | 24.51 | 13.92 | -15.60 | | 600021 | 上海电力 | 8 | 22.92 | 14.10 | -14.49 | | 601606 | 长城军工 | 5 | 15.60 | 7.95 | -9.07 | | 002400 | 省广集团 | 5 | 14.08 | 8.21 | -5.03 | | 300015 | 爱尔眼科 | 15 | 13.19 | 14.58 | -7.22 | | 300339 | 润和软件 ...

ed t 0.03 ful annual R 2 11,200 ", " " n ER H N 000 000 100 x C F SH l @ " with ITS . E V ND U U y Y 22 n . 12 A.B ICL and 2 2025年11月22日至23日，江苏泰州、河南郑州、浙江义乌三地接连发生火灾，官方通报显示其中两起事故源头直指光伏组件。尤为触目惊心的是，某动物园 鸟语林20平米光伏设施的被毁，竟源于一片被引燃的落叶。 从实验室报告到户外实证，全行业共同见证 频发的火灾事故，让光伏组件安全性再度成为全行业关注的焦点。11月28日，来自产业链各环节的代表——包括电站业主、经销商、技术专家和权威媒体， 再次齐聚银川国家光伏质检中心（CPVT）全球最大的户外实证基地。他们的目标明确而一致：共同见证两个月前隆基获颁的行业首张"三防"检测证书，能 否经得起实证的严苛检验，以及其在真实环境下的性能表现到底怎么样。 "报告再漂亮，不如实地看一看。"隆基分布式中国区总裁牛燕燕的开场致辞，为这场实证活动定下了务实基调。她强调，在光伏行业面临挑战的当下，隆基 选择用创新回应质疑，用实证建立信任。而这 ...

上市企业：隆基绿能（601012）,通威股份（600438）,阳光电源（300274）,晶澳科技（002459）,天合光 能（688599）,特变电工（600089）,正泰电器（601877）,TCL中环（002129）,林洋能源（601222）,上 能电气（300827） 相关报告：智研咨询发布的《2025-2031年中国太阳能发电站行业市场行情监测及投资前景研判报告》 根据国家统计局数据显示：2025年9月中国太阳能发电量产量为465亿千瓦时，同比增长21.1%；2025年 1-9月中国太阳能发电量累计产量为4362.8亿千瓦时，累计增长24.2%。 2020-2025年1-9月中国太阳能发电量产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

Core Viewpoint - The global photovoltaic industry is experiencing rapid expansion, but currently faces overcapacity, subsidy reductions, and trade barriers, leading to industry-wide losses. A recovery is anticipated by 2025, but third-quarter financial reports do not confirm a reversal yet. Despite this, A-share related stocks have shown more gains than losses in 2025 [5][11]. Group 1: Industry Overview - The photovoltaic industry is projected to reach 2000 GW of installed capacity by 2030, surpassing thermal power as the largest energy source [5]. - The three major companies in the industry—LONGi Green Energy, Tongwei, and TCL Zhonghuan—are navigating through challenging times, with varying strategies of integration and specialization [6][8]. Group 2: Financial Performance - In 2022, revenues for Tongwei, LONGi, and TCL Zhonghuan were 142.2 billion, 129 billion, and 67 billion respectively. By 2023, revenues showed slight declines, with LONGi being the most resilient [8][9]. - For the first three quarters of 2025, revenues continued to decline, but the rate of decline is expected to stabilize [11]. - In terms of net profit, TCL Zhonghuan faced the most significant drop, with a net profit of only 25.7 billion in 2023, down from 64.8 billion in 2022 [12][14]. Group 3: Business Strategies - LONGi has adopted an integrated strategy, significantly increasing its downstream component and battery business, which now constitutes a larger portion of its revenue compared to upstream silicon products [28][30]. - TCL Zhonghuan has been more reluctant to embrace integration, focusing primarily on its silicon wafer business, which has led to substantial losses in recent years [19][26]. - Tongwei has successfully expanded into the component business, achieving significant revenue growth, but still faces challenges in maintaining profitability due to declining prices [42][46]. Group 4: Market Dynamics - The photovoltaic industry is divided into five segments: silicon materials, silicon wafers, cells, modules, and power generation. The silicon wafer segment has the highest technical barriers [18]. - The debate between integration and specialization continues, with evidence suggesting that integrated companies may have better resilience during downturns compared to specialized firms [50].