Core Viewpoint - The company, Arctech, announced plans to adjust its U.S. market operations in collaboration with its controlling shareholder, CSIQ, by establishing joint ventures for solar and energy storage businesses [1] Group 1: Business Adjustments - Arctech will form two joint ventures, M and N, to operate in the U.S. solar and energy storage sectors, with CSIQ holding 75.1% and CSI holding 24.9% [1] - The company intends to transfer 75.1% equity stakes in its overseas energy storage plant SSTH, overseas solar wafer plant THX1, and overseas battery plant GNCM to CSIQ for a total consideration of 352 million yuan [1] Group 2: Governance and Approvals - The transactions have been approved by the board of directors and the supervisory board but are still subject to approval by the shareholders' meeting [1] - The transaction requires a waiver for the controlling shareholder and actual controller to avoid commitments related to competition in the same industry [1]

每经AI快讯，有投资者在投资者互动平台提问：董秘您好：贵公司又中标1.86GWh加拿大储能超级大 单？ 阿特斯（688472.SH）11月28日在投资者互动平台表示，公司已签署合同，并将为加拿大安大略省迄今 规模最大的储能项目之一 "天望2号（Skyview 2）"提供全套储能解决方案及交钥匙EPC服务，项目规模 411MW/1,858MWh。 （文章来源：每日经济新闻） ...

Core Viewpoint - As of October 31, 2025, the company has secured energy storage orders amounting to 3.1 billion USD, which includes long-term service agreements [1] Group 1 - The company responded to an investor inquiry regarding its energy storage orders on an investor interaction platform [1] - The total energy storage orders are quantified in gigawatt-hours (GWh), although the specific GWh figure was not disclosed [1]

目前，海博思创 已确 认参加第十四届储能国际峰会暨展览会ESIE 2026。期待与您相约2026年4月，共赴ESIE之约。 文 | 海博思创 近日，北京海博思创科技股份有限公司正式宣布， 旗下海博思创美国公司已于今年9月与美国知名独立发电商（IPP）在内的多家企业 达成储能项目合作，为位于美国加利福尼亚州、佐治亚州的储能电站项目提供储能系统解决方案，同时配套长期质保服务与全周期售后 服务。 截至日前，项目全部供货产品已按期完成交付， 总计超过420MWh。 本次合作项目顺利完成履约，标志着海博思创 实现美国市场的关 键突破， 成为公司在美洲区域执行国际化战略的重要里程碑。 本次合作项目部署海博思创 HyperBlock III 5MWh液冷储能系统 ，投运后将聚焦电网储能场站的能源调度需求，提供高效的削峰填 谷、调峰调频服务，助力缓解当地电网供需波动，优化区域可再生能源消纳效率，保障每日近2万个家庭的供电需求。 项目进入商业运营阶段后， 海博思创将持续提供长期质保与完善的本地化售后服务， 通过全周期系统监控、常态化维护检修等措施， 确保设备性能持续优化，全力保障项目稳定、高效运行，最大化实现项目应用价值。 作 ...

Core Insights - The report emphasizes that the photovoltaic industry is entering a continuous capacity clearance cycle, driven by anti-involution policies and market dynamics, which will gradually improve the performance of existing photovoltaic companies [4][22][50] - The investment recommendation maintains a "stronger than market" rating, suggesting a focus on leading companies in niche sectors such as energy storage inverters, polysilicon materials, photovoltaic glass, and integrated component manufacturers [4][36][50] Group 1: 2025 Review and 2026 Outlook - In 2025, the photovoltaic sector saw a significant increase in installed capacity, with a total of 240.27 GW added, representing a year-on-year growth of 64.73% [4][36] - The report notes a bifurcation in stock performance, with the photovoltaic industry index yielding a return of 21.53% from January to November 2025, outperforming the Shanghai and Shenzhen 300 index, which returned 13.18% [14][20] - The outlook for 2026 indicates a slowdown in new installations, with expectations of stable demand and a focus on improving the quality of the industry through capacity reduction and consolidation [4][36][50] Group 2: Investment Recommendations - The report suggests that the energy storage inverter sector will benefit from a global upturn in energy storage demand, with significant growth expected in the market [4][36] - For polysilicon, the report highlights that anti-involution measures are likely to reverse the industry's challenges, recommending a focus on leading companies with performance elasticity [5][9] - The photovoltaic glass market is entering a phase of capacity optimization, with a recommendation to focus on leading companies that possess cost advantages [9][10] Group 3: Market Dynamics - The report indicates that the traditional markets in Europe and the U.S. are experiencing sluggish growth, while demand in Asia-Pacific and Africa remains robust, with imports of components continuing to grow rapidly [4][41][42] - The report outlines that the U.S. market is facing challenges due to the expiration of investment tax credits, which is expected to impact new installations negatively [45][46] - In contrast, the Middle East and Africa are emerging as hotspots for photovoltaic demand due to their energy transition needs and favorable market conditions [41][47]

Group 1 - Over 20 positive announcements were released by companies listed on the Shanghai Stock Exchange as of November 23, indicating a trend of share buybacks and operational improvements [1] - China Petroleum & Chemical Corporation (Sinopec) completed its share buyback plan, repurchasing 89.35 million shares for approximately 500 million yuan, with a significant portion occurring in November [2] - Several companies, including Spring Airlines and Hongta Securities, have also announced their share buyback progress, with amounts reaching 400 million yuan and 120 million yuan respectively [2] Group 2 - At least 14 companies on the Sci-Tech Innovation Board reported buyback progress and positive contract orders, showcasing a commitment to shareholder value [3] - JinkoSolar announced the mass production of its Tiger Neo 3.0 solar module, achieving a production efficiency of over 24.8% and a power output of up to 670W, with significant orders signed [3] - Shanshi Network Technology reported progress in the development of its ASIC security chip, which has successfully passed internal testing and is entering the mass production phase, with market sales expected to begin in Q1 2026 [4][5]

科技和芯片股多数上涨，费城半导体指数涨2.76%，迈威尔科技涨超5%，甲骨文涨超4%，超威半导体涨近4%，阿斯麦涨超3%，英特尔涨超2%，微软、 特斯拉涨超1.7%，英伟达涨超1.3%。 中概股涨跌不一，纳斯达克中国金龙指数收跌0.03%，阿特斯太阳能涨超8%，唯品会涨超2%，京东涨近1%，禾赛科技跌超7%，爱奇艺跌超3%，哔哩哔 哩、小鹏汽车跌超2%。 周三（11月26日），美国三大股指全线收涨，道指涨0.67%，标普500指数涨0.69%，纳指涨0.82%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 47427.12 | 23214.69 | 6812.61 | | +314.67 +0.67% +189.10 +0.82% +46.73 +0.69% | | | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7750.79 | 25314.00 | 6830.25 | | -2.46 -0.03% +228.50 +0.91% +48.75 +0.72% | | | | 1小时爆仓 | $1222.96万 | 4小时爆仓 | $3307 ...

证券代码：688472 证券简称：阿特斯 公告编号：2025-058 阿特斯阳光电力集团股份有限公司 关于为控股子公司提供授信担保的进展公告 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。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | | 嘉兴阿特斯阳光能源科技有限公司 | 阿特斯光伏电子（苏州）有限公司、 | | --- | --- | --- | --- | --- | | | | 等 4 | 家子公司 | | | | 本次担保金额 | 142,000 | 万元 | | | 担保对象 | 实际为其提供的担保余额 | 800,107 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | 注：上述担保余额是仅为该担保对象单独签署的最高额担保合同之金额，不包含为多个担保对象签署的共 用额度的担保合同之金额。 | 对外担保逾期的累计金额（万元） | 0.00 | | --- | ...

Group 1 - The technology growth sector is experiencing strong gains, with the ChiNext Index rising over 2.5% and the Sci-Tech Innovation Index increasing by more than 1.7% [1] - The Double Innovation Leader ETF (588330) saw a peak intraday increase of 3.45%, currently up 2.5%, with a trading volume exceeding 320 million yuan [1] - Key players in the optical module sector, including Zhongji Xuchuang and Xinyi Sheng, have seen stock increases of over 6%, while Tianfu Communication rose by more than 4% [1] Group 2 - The top ten components of the Double Innovation Leader ETF have shown significant price increases, with Zhongji Xuchuang up 6.70% and Shenghong Technology up 6.62% [2] - The report from HSBC indicates that the acceleration of AI server iterations is driving a dual cycle of technology and price increases for core components like PCBs and CCLs [3] - Citigroup previously projected that the supply-demand tension for AI PCBs will persist into next year, highlighting the ongoing demand in the sector [3] Group 3 - The Double Innovation Leader ETF is characterized by cross-market diversification, focusing on 50 large-cap strategic emerging industry companies from the Sci-Tech Innovation Board and ChiNext [4] - The ETF is positioned as a high-elasticity tool to capture technology market trends, with a low investment threshold allowing entry for less than 100 yuan [4] - The index that the ETF tracks has shown varied annual performance from 2020 to 2024, with a notable increase of 86.90% in 2020 [4]

Group 1 - The technology growth sector is experiencing strong gains, with the ChiNext Index rising over 2.5% and the Sci-Tech Innovation Index increasing by more than 1.7% [1] - The Double Innovation Leader ETF (588330) saw a peak intraday increase of 3.45%, currently up 2.5%, with a trading volume exceeding 320 million yuan [1] - Key stocks in the optical module sector, such as Zhongji Xuchuang and Xinyi Sheng, rose over 6%, while Tianfu Communication increased by more than 4% [1] Group 2 - HSBC's latest report indicates that the acceleration of AI server iterations is driving a dual rise in technology and pricing for core components like PCBs and CCLs [1] - Citigroup previously projected that the supply-demand tension for AI PCBs will persist until next year [1] - The report emphasizes the importance of technology leadership in the A-share market, with a focus on sectors like new energy vehicles and the internet [2] Group 3 - The Double Innovation Leader ETF is characterized by cross-market diversification, focusing on 50 large-cap strategic emerging industry companies from the ChiNext and Sci-Tech Innovation boards [2] - The ETF is designed to capture technology market trends with a low investment threshold, allowing entry for less than 100 yuan [2] - The index has a 20% limit on daily price fluctuations, enhancing its ability to act as a rebound leader [2]