Core Viewpoint - The article highlights a strong rebound in the stock markets, particularly in the Asia-Pacific region, with significant gains in various sectors, especially commercial aerospace and space photovoltaic concepts, driven by technological advancements and market demand [1][2][3]. Group 1: Market Performance - Major Asia-Pacific stock indices saw significant increases, with Japan's Nikkei 225 rising by 3.92% to close at 54,720.66 points, and South Korea's composite index surging by 6.84% to 5,288.08 points [1]. - The A-share market also experienced a robust rebound, with the Shanghai Composite Index up 1.29% to 4,067.74 points, and the Shenzhen Component Index rising by 2.19% [2]. - The total trading volume in the Shanghai and Shenzhen markets was approximately 2.57 trillion yuan, a decrease of over 40 billion yuan from the previous day [2]. Group 2: Commercial Aerospace Sector - The commercial aerospace concept saw a significant surge, with stocks like Robotech and Dike shares hitting the 20% limit up, while other companies like XW Communication and Light Library Technology rose over 10% [4][6]. - SpaceX's recent acquisition of xAI aims to integrate resources across AI, rockets, and space internet, indicating a strategic move to enhance its capabilities in the commercial aerospace sector [5][6]. Group 3: Space Photovoltaic Concept - The space photovoltaic sector was notably active, with stocks such as Aotewi and Haiyou New Materials reaching the 20% limit up, and Jieput's stock price increasing by approximately 19% to a historical high [8][10]. - The demand for space photovoltaic technology is expected to grow significantly, driven by the industrialization of satellite manufacturing and the need for efficient power systems in low Earth orbit satellites [10]. Group 4: CPO Concept - The CPO (Chip-on-Board) concept experienced a substantial rise, with stocks like Juguang Technology increasing over 18% and Tianfu Communication rising by over 13%, both reaching new highs [12][14]. - Analysts predict that the domestic demand during the "14th Five-Year Plan" period, combined with high overseas demand and technological upgrades, will positively impact the performance of leading optical module companies [14].

Market Overview - The A-share market rebounded today with over 4,800 stocks rising, closing with the Shanghai Composite Index up 1.29%, the Shenzhen Component Index up 2.19%, and the ChiNext Index up 1.86%. The total market turnover exceeded 2.56 trillion yuan [1]. Solar Equipment Sector - The solar equipment sector experienced a significant surge, with the sector index rising by 6.72%. Key stocks such as Zairun New Energy, Dike Co., Aotewi, and Haiyou New Materials hit the daily limit of 20% increase. This rise is attributed to a combination of policy, technology, and demand factors [5][9]. - The sector's strength is further supported by recent developments, including Elon Musk's proposal to deploy a 100GW solar array for space data centers, which has opened new opportunities for the photovoltaic industry [7][10]. Policy Impact - A recent policy change regarding export tax rebates for solar products has pressured the industry to phase out inefficient capacities, promoting a shift towards higher technical barriers such as N-type batteries and energy storage systems. This is expected to benefit leading companies with technological advantages [9]. Technological Advancements - Breakthroughs in perovskite and tandem battery technologies have been reported, with conversion efficiencies reaching 30.99% and 33.53% respectively. These advancements are anticipated to lower costs and enhance efficiency, strengthening market expectations for technology premium among solar equipment manufacturers [9][10]. Demand Drivers - The increasing frequency of low-orbit satellite launches and the commercialization of space computing are driving demand for new solar technologies. Chinese photovoltaic equipment and battery manufacturers are positioned to benefit from this historical opportunity as they transition from ground support to core space applications [10]. Precious Metals Sector - The precious metals sector showed signs of recovery, with stocks like Xiaocheng Technology rising over 18% and Hunan Gold hitting the daily limit, achieving a seven-day streak of gains [12]. - Gold and silver prices surged today, with London gold rising by 5.28% to $4,905.065 per ounce, and COMEX gold increasing by 6.21% to $4,941.4 per ounce [12][15]. Industry Outlook - Despite short-term fluctuations in gold prices, the fundamentals of the gold and jewelry sector remain stable, driven by brand building, process innovation, and cultural storytelling capabilities. The upcoming consumption peak at year-end is expected to support growth for leading companies in the sector [15].

2月3日，A股市场探底回升，三大指数均涨超1%。板块上，光伏设备集体爆发，泽润新能、帝科股 份、奥特维、海优新材等20cm涨停，连城数控、晶盛机电、晶科能源等涨超10%，国盛科技、钧达股 份、迈为股份等多只概念股涨停。 消息面上，据中国证券报，特斯拉CEO马斯克近期提出计划部署100GW太阳能阵列为太空数据中心供 能的构想，为光伏行业打开了想象空间。这一"太空光伏"概念与全球AI算力能耗飙升催生的"太空数据 中心"构想共同成为市场关注的核心热点。 国海证券表示，在太空算力对光伏的庞大需求体量下，当前主流的砷化镓方案受制于原材料的稀缺，以 P型HJT为主的晶硅电池方案有望加速验证，填补需求缺口。2026年1月22日，马斯克在达沃斯世界经济 论坛年会上表示，SpaceX团队和Tesla团队将在3年左右的时间内分别在美国建设100GW/年的光伏产 能。同时，国内也有望同步推进太空光伏产业链的新一轮投资建设，设备厂商有望迎订单大规模落地。 全球卫星部署有望进入高速轨道，随通信卫星向算力卫星升级，太空光伏需求有望持续高增，维持行 业"推荐"评级。 （文章来源：21世纪经济报道） ...

Core Viewpoint - The photovoltaic equipment sector experienced a significant increase, with a 6.68% rise on February 3, led by Zairun New Energy, amidst a broader market uptrend in major indices [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1]. - The photovoltaic equipment sector saw notable individual stock performances, with Zairun New Energy leading with a closing price of 74.56, reflecting a 20.01% increase [1]. Group 2: Stock Performance - Key stocks in the photovoltaic equipment sector included: - Zairun New Energy: 74.56, +20.01%, volume 64,100, turnover 440 million [1] - Jingke Co., Ltd.: 123.97, +20.00%, volume 228,900, turnover 2.685 billion [1] - Aotwei: 116.24, +20.00%, volume 139,200, turnover 1.570 billion [1] - Haiyou New Materials: 67.64, +19.99%, volume 73,200, turnover 466 million [1] - Liancheng CNC: 68.90, +18.18%, volume 254,400, turnover 1.634 billion [1] - Jingcheng Machinery: 55.07, +17.34%, volume 904,900, turnover 4.806 billion [1]. Group 3: Capital Flow - The photovoltaic equipment sector saw a net inflow of 2.173 billion in main funds, while retail funds experienced a net outflow of 209 million [2]. - The capital flow for key stocks indicated: - Longi Green Energy: 429 million net inflow from main funds, with a 8.29% share [3]. - Junda Co.: 416 million net inflow from main funds, with a 12.03% share [3]. - Foster: 323 million net inflow from main funds, with a 17.51% share [3].

格隆汇2月3日｜奥特维披露投资者关系活动记录表，2025年全年光伏设备订单处于历史低位，2025年四 季度因收获大额订单使单季订单额有较大提升。公司半导体设备主要包括传统封装设备和应用于光通行 业的光模块AOI检测设备，其中铝线键合机和AOI检测设备已收获批量订单。 ...

Core Viewpoint - The article highlights the emerging trend of "space photovoltaics" in the A-share market, driven by the rapid development of commercial aerospace and the need for upgraded power systems in satellite constellations [1]. Industry Chain - The space photovoltaic industry chain includes various components such as photovoltaic auxiliary materials, photovoltaic cells, and photovoltaic equipment, with key players like Double Good Energy, Junda Co., and Trina Solar [3]. Institutional Interpretation - As China's low-orbit satellite constellations enter a phase of intensive deployment, the industry is expected to undergo significant transformation, with a focus on manufacturing and technological advancements [4][11]. Market Potential - Space photovoltaics are projected to achieve commercialization within the next 10 to 15 years, with the Chinese low-orbit satellite photovoltaic market expected to exceed $3 billion by 2030. If the deployment reaches 100GW for space data centers, the global market could reach between $500 billion to $1 trillion [5][12]. Technological Advantages - Space photovoltaics can generate power continuously, unaffected by day-night cycles or weather changes, achieving 7-10 times the annual generation hours and energy density compared to ground-based photovoltaics [10]. Recent Developments - The recent acquisition of xAI by SpaceX aims to create a vertically integrated innovation engine, which is expected to enhance SpaceX's space computing capabilities, directly benefiting the space photovoltaic industry [9].

Market Overview - The A-share market experienced a significant upward trend on February 3, with the Shanghai Composite Index closing at 4067.74 points, up 1.29%. The Shenzhen Component rose by 2.19%, the ChiNext Index increased by 1.86%, the Sci-Tech Innovation Index gained 2.44%, and the Northbound 50 Index surged by 3.27%. The total trading volume across the Shanghai and Shenzhen markets reached 25,656 billion yuan [1]. Sector Performance - Over 4,800 stocks in the market saw gains, with the photovoltaic industry chain showing strong performance, particularly in the space photovoltaic sector, where companies like Aotewei and Zerun New Energy hit the daily limit with a 20% increase [3]. - The commercial aerospace sector rebounded, with stocks such as Jieli Suojin and Aerospace Development also reaching the daily limit [3]. - The chemical sector remained active, with Wanfeng shares achieving a four-day limit increase [3]. - The precious metals concept saw localized activity, with Hunan Gold hitting the daily limit [4][5]. Precious Metals Market - The precious metals market saw a sharp rebound, with Hunan Gold achieving a remarkable 7-day, 6-limit increase. Other notable performers included Xiaocheng Technology, which rose over 18%, and Zijin Mining, which increased by over 6% [5]. - On February 3, gold prices surged, with spot gold rising over 5% to surpass $4,900 per ounce, while silver also maintained an upward trend, increasing over 8% to break through $86 per ounce [6]. - According to China Galaxy Securities, the recent decline in precious metal prices can be viewed as a market-driven cooling following a period of rapid price increases, rather than a panic exit of funds. This price correction is seen as a normal phenomenon that helps release overheated market sentiment [6]. - Guotai Junan Securities indicated that the recent significant drop in precious metal prices is a technical adjustment to the irrational increases seen since the beginning of the year, rather than the end of a long-term upward trend for gold. The decline in speculative sentiment and leverage levels is expected to support a healthier upward trend for gold in the near term [6]. Computing Power Leasing Sector - The computing power leasing sector showed continued strength, with Tianwei Vision experiencing a direct limit increase [7][8]. - Other companies in this sector, such as Wangsu Technology and Capital Online, saw increases of over 10% [8]. - The CPO concept also performed actively, with Robotech hitting a 20% limit increase, and companies like Juguang Technology, Dekeli, and Tianfu Communication rising over 10% [8]. - According to Dongwu Securities, major overseas cloud providers have begun raising prices for their services, marking the first increase in years. This trend is expected to influence domestic cloud providers to follow suit, creating investment opportunities in the AI cloud industry as demand increases [8].

2月3日，A股全天下来共有83只涨停股、22只跌停股。钙钛矿电池概念活跃，ST京机2连板，钧达股 份、国晟科技等涨停；BC电池概念走强，罗博特科、奥特维等涨停。 *ST万方连续16日跌停，*ST精伦连续6日跌停，*ST春天连续4日跌停，白银有色、*ST海华等连续3日 跌停，*ST岩石、*ST恒久等连续2日跌停，*ST椰岛、*ST亚振跌停。 连板股方面，湖南黄金7天6板，ST京蓝7天5板，百川股份5天4板，横店影视、万丰股份等4连板，新华 百货4天3板，*ST东易、杭电股份等3连板，润贝航科4天2板，天通股份、红宝丽3天2板，中超控股、 顺钠股份等2连板，东阳光、中集集团等涨停。 ...

太空光伏概念再度爆发，领涨两市！最低费率的光伏ETF汇添富(516290)强势大涨4.5%！盘中成交额已超5000万元，近5日有3日获资 金关注！ 注：标的指数成分股仅做展示，不作为个股推介。 商业航天蓬勃发展，太空光伏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。 与此同时，2026年1月28日，有关部门再次召开光伏行业"反内卷"座谈会，明确将通过并购重组、标准引领等手段破除"内卷式"竞 争。叠加将于4月1日正式实施的光伏出口退税取消政策，行业落后产能的出清速度有望大幅加快、头部企业的市占率和议价能力将得 到进一步巩固。 国盛证券此前指出，卫星数量激增使得高可靠、高比功率的太空光伏系统从配套组件"升级为战略基础设施"，需求呈指数级增长。钙 钛矿被视为下一代太空光伏终极方案。在全球太空能源需求爆发、中美供应链加速重构的双重驱动下，具备航天认证资质、技术验证 背书与规模化交付能力的中国光伏企业，正从"地面配套"迈向"天基核心"，太空光伏需求或成下一个增长蓝海。 中金公司指出，商业航天蓬勃发展背景下，太空光伏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 ...

Market Overview - A-shares experienced a significant rebound with all three major indices rising, particularly the ChiNext Index which surged over 2% [2] - The photovoltaic industry index saw a notable increase of 4.78%, while military and aerospace indices also rose by over 3% [2] - The market structure indicates that the main drivers of the rebound were the active photovoltaic and commercial aerospace sectors [2] Photovoltaic Sector - The photovoltaic sector saw widespread gains, with TOPcon battery concept stocks leading the market [6] - Key stocks included: - Aotewei recorded a 20% limit-up - Shuangliang Energy and Fostek both hit 10% limit-up - Maiwei shares rose by 11.77% [7][8] - The demand for space-based photovoltaic energy is expected to become a new growth area, driven by global space energy needs and supply chain restructuring [9] Commercial Aerospace Sector - The commercial aerospace sector also saw rapid gains, with stocks like Tongyu Communication and Aerospace Development hitting the 10% limit-up [10][11] - The successful testing of a liquid rocket engine by a private aerospace company is expected to bolster confidence in the sector [11] Precious Metals Sector - The precious metals sector continued to decline, with several stocks hitting the 10% limit-down, including Zhaojin Gold and Sichuan Gold [15] - Despite the drop in stocks, spot gold and silver prices rebounded, with gold reaching $4,809 per ounce, up over 3% [17]