Core Viewpoint - The A-share photovoltaic equipment sector has shown significant strength, with multiple stocks reaching their daily limit up on February 9, indicating a bullish trend in the market [1] Company Performance - Xiexin Integrated (协鑫集成) reached a limit up, closing at 5.04 yuan per share, marking its fourth consecutive limit up [1] - TCL Zhonghuan (TCL中环), along with other companies such as Aisxu Co., Ltd. (爱旭股份), also hit the limit up, reflecting strong investor interest [1] - Other companies like Juhua Materials (聚和材料), Yamaton (亚玛顿), and Saiwu Technology (赛伍技术) also experienced limit up, showcasing a broad rally in the sector [1] Market Trends - The overall performance of the photovoltaic equipment sector is characterized by multiple stocks hitting their daily limit up, indicating a robust market sentiment and potential growth in the industry [1] - The surge in stock prices suggests increasing investor confidence and interest in the photovoltaic equipment sector, which may be driven by favorable market conditions or developments in renewable energy [1]

Group 1 - The BC battery sector experienced a decline on February 5, with significant drops in stock prices for several companies [1] - JunDa Co., Ltd. saw a decrease of 10.0%, while JinkoSolar fell by 9.76% [1] - Other companies such as Shichuang Energy, Weidao Nano, Robotech, and Dier Laser also reported declines exceeding 4% [1]

Core Viewpoint - The A-share photovoltaic sector experienced a significant surge, driven by the recent visit of Elon Musk's team to multiple photovoltaic companies in China, focusing on advanced technologies in the industry [1] Group 1: Market Reaction - Major companies such as Zhonglai Co., JinkoSolar, and TCL Zhonghuan saw their stock prices hit the daily limit, while others like Jinglong Technology and Jin Jing Technology also experienced substantial gains [1] - The Tai Kong Photovoltaic Index rose by 2.73%, reflecting the overall positive sentiment in the market [1] Group 2: Musk's Team Visit - Musk's team, primarily from SpaceX, conducted a low-profile investigation into the photovoltaic industry, covering the entire supply chain from silicon wafers to battery components and equipment [1] - The focus of the investigation was on two cutting-edge technologies: Heterojunction (HJT) and perovskite [1] Group 3: Company Responses - JinkoSolar confirmed contact with Musk's team, stating that the team inquired about the company's technological reserves and production equipment, but details on cooperation intentions were not disclosed [2] - TCL Zhonghuan and Jinglong Technology were also mentioned in the investigation list, but they did not confirm the authenticity of the news [2] Group 4: Strategic Intent - There are speculations that Musk's team is considering procuring HJT battery production lines due to their high automation and low labor requirements, aligning with production needs in the U.S. [3] - Musk aims to achieve an annual solar manufacturing capacity of 100GW over the next three years, with some capacity directed towards SpaceX's space photovoltaic projects [3] - SpaceX has applied to the FCC to deploy up to 1 million satellites in low Earth orbit, with solar energy being the primary power source for these satellites [3]

Core Viewpoint - Elon Musk's team has recently visited several photovoltaic companies in China, indicating potential interest in the solar energy sector and possibly leading to investment opportunities in the industry [1]. Group 1: Company Visits and Reactions - The team from Musk's companies, including SpaceX, visited GCL-Poly Energy Holdings, focusing on the company's silicon and perovskite business in the U.S. [1]. - Following the news of the visit, stocks in the photovoltaic industry saw significant increases, with companies like Shichuang Energy, JinkoSolar, and Zhonglai Co. all hitting the 20% limit up [1][2]. - JinkoSolar confirmed contact with Musk's team, stating that the team inquired about the company's technology and production capabilities, although specific details about potential collaboration were not disclosed [2]. Group 2: Stock Performance - The stock performance of various photovoltaic companies was notably positive, with Shichuang Energy and JinkoSolar both experiencing a 20% increase in stock price, while other companies like Jinglong Technology and Trina Solar also saw significant gains [2]. - Specific stock prices included Shichuang Energy at 18.54, JinkoSolar at 8.40, and Zhonglai Co. at 10.32, reflecting the market's optimistic response to the news [2]. Group 3: Market Implications - The visit by Musk's team could signal a growing interest in the Chinese solar market, potentially leading to increased investments and partnerships in the sector [1]. - The overall positive market reaction suggests that investors are optimistic about the future of the photovoltaic industry, particularly in light of potential collaborations with influential companies like those led by Musk [1][2].

Core Viewpoint - The photovoltaic equipment sector experienced a significant increase of 4.87% on February 4, with Zhonglai Co., Ltd. leading the gains, reflecting strong market interest in this industry [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4102.2, up by 0.85%, while the Shenzhen Component Index closed at 14156.27, up by 0.21% [1]. - Key stocks in the photovoltaic equipment sector showed substantial gains, with Zhonglai Co., Ltd. and JinkoSolar both rising by 20% to close at 10.32 and 8.40 respectively [1]. Group 2: Trading Volume and Capital Flow - The trading volume for Zhonglai Co., Ltd. reached 191.09 million shares, with a transaction value of 1.838 billion yuan [1]. - The photovoltaic equipment sector saw a net inflow of 7.313 billion yuan from institutional investors, while retail investors experienced a net outflow of 4.855 billion yuan [2][3]. Group 3: Individual Stock Performance - Other notable performers included Shichuang Energy and Zerun New Energy, both also increasing by 20%, with closing prices of 18.54 and 89.47 respectively [1]. - The stock of Jingsheng Mechanical & Electrical rose by 12.97%, closing at 62.21, with a trading volume of 1.2475 million shares [1].

Group 1 - Zairun New Energy focuses on the research and development of perovskite battery core materials and equipment, with a strong emphasis on high-purity and high-stability products suitable for large-scale production [1] - The company has completed multiple pilot tests and its product performance has been validated by third-party authorities [1] - Zairun's high-radiation-resistant perovskite precursor materials enhance battery stability in extreme space environments, positioning the company to become a core supplier in the space photovoltaic supply chain [1] Group 2 - Aotwei is a leading domestic photovoltaic equipment enterprise, with early layouts in perovskite production line equipment and technology covering key processes such as laser etching and thin film deposition [2] - The company's self-developed laser repair equipment significantly improves battery yield and is at the forefront of industry standards [2] - Aotwei's equipment optimizes battery manufacturing processes to meet the stringent requirements of space photovoltaic applications, potentially making it a core supplier in this sector [2] Group 3 - Haiyou New Materials is a core supplier of photovoltaic packaging materials, focusing on the development of POE films and back sheets for perovskite batteries [3] - The company has developed radiation-resistant packaging films that ensure long-term stable operation of perovskite batteries in space environments [3] - As the space photovoltaic market scales, Haiyou is positioned to become a key supplier of packaging materials for perovskite batteries [3] Group 4 - Gaoce Co., Ltd. is a leading domestic company in photovoltaic cutting equipment and silicon wafer processing, actively developing ultra-thin silicon cutting technology for perovskite batteries [4] - The company's ultra-thin silicon wafers, with thicknesses as low as 50μm, meet the lightweight requirements of perovskite batteries [4] - Gaoce's technology supports the stringent demands of space photovoltaic applications, positioning it to become a core supplier of silicon wafers for perovskite batteries [4]

Group 1 - The company forecasts a net profit attributable to shareholders of the parent company for 2025 to be between -358 million and -298 million yuan, representing a reduction in losses of 29.1 million to 35.1 million yuan compared to the previous year, which is a year-on-year reduction of 44.83% to 54.08% [2] - The expected net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between -388 million and -328 million yuan, indicating a reduction in losses of 27.4 million to 33.4 million yuan compared to the previous year, a year-on-year reduction of 41.40% to 50.46% [2] - The previous year's net profit attributable to shareholders of the parent company was -648.95 million yuan, with a total profit of -779.22 million yuan [4] Group 2 - The increase in photovoltaic installations continues, but the industry faces significant supply-demand imbalances. The company remains committed to interdisciplinary integrated research and development, driven by independent innovation [6] - During the reporting period, the sales volume of photovoltaic cells and equipment increased, leading to higher sales revenue. Last year's financials were negatively impacted by asset impairment provisions related to 2GW PERC silicon wafers and battery equipment [6] - The company plans to continue increasing investment in product research and development to achieve business breakthroughs through technological innovation and to maintain its leading position in the industry [6]

2025年光伏新增装机持续增长，但行业供需失衡问题依旧突出。在行业持续深度调整的周期中，公司始 终坚持跨学科一体化研发，自主创新驱动发展。报告期内，光伏电池和设备销量增加，销售收入增加。 另外，去年同期基于谨慎性原则，对2GWPERC硅片与电池相关的设备计提了资产减值准备，对去年同 期净利润产生一定的不利影响。未来公司将持续加大产品研发投入，以科技创新不断获得业务突破，对 产品持续迭代更新，保持行业领先地位。 格隆汇1月16日丨时创能源(688429.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司 所有者的净利润为-35,800万元到-29,800万元，与上年同期（法定披露数据）相比，将减亏29,095.34万 元到35,095.34万元，同比减亏44.83%到54.08%；预计2025年年度实现归属于母公司所有者的扣除非经 常性损益的净利润为-38,800万元到-32,800万元，与上年同期（法定披露数据）相比，将减亏27,406.16 万元到33,406.16万元，同比减亏41.40%到50.46%。 ...

（一）业绩预告期间 证券代码：688429 证券简称：时创能源 公告编号：2026-004 2025 年 1 月 1 日至 2025 年 12 月 31 日 一、本期业绩预告情况 （二）业绩预告情况 （1）经财务部门初步测算，预计 2025 年年度实现归属于母公司所有者的净 利润为-35,800 万元到-29,800 万元，与上年同期（法定披露数据）相比，将减亏 29,095.34 万元到 35,095.34 万元，同比减亏 44.83%到 54.08%。 （2）预计 2025 年年度实现归属于母公司所有者的扣除非经常性损益的净利 润为-38,800 万元到-32,800 万元，与上年同期（法定披露数据）相比，将减亏 27,406.16 万元到 33,406.16 万元，同比减亏 41.40%到 50.46%。 （3）本次业绩预告相关财务数据未经会计师事务所审计。 常州时创能源股份有限公司 2025 年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 三、本期业绩变化的主要原因 2025 年光伏新增装机持续增长，但 ...

证券代码：688429 证券简称：时创能源 公告编号：2026-002 常州时创能源股份有限公司 关于选举第三届董事会职工代表董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 常州时创能源股份有限公司（以下简称"公司"）第二届董事会即将任期届满。为完善公司治理架构，保 障公司董事会的规范运作。根据《中华人民共和国公司法》《上市公司章程指引》《上海证券交易所科 创板股票上市规则》等法律法规和规范性文件以及公司内部制度的相关规定，公司于2026年1月12日召 开公司第二届职工代表大会第四次会议，审议通过《关于选举职工代表董事的议案》，经与会职工代表 民主讨论与表决，同意选举陈培良先生（简历后附）为公司第三届董事会职工代表董事，与公司股东会 选举产生的非职工代表董事共同组成公司第三届董事会，任期三年，自本次职工代表大会审议通过之日 起至第三届董事会届满之日止。 陈培良先生同意接受提名，保证所提供的个人资料真实、准确、完整，并保证当选后忠实、勤勉地履行 董事职责。陈培良先生的任职资格符合相关法律、法规、规范性文件对董事任职资 ...