Core Viewpoint - The commercial aerospace industry in China is entering a new phase of scaled and commercial development, driving the exploration of space photovoltaics due to the increasing demand from low Earth orbit satellite constellations [1] Market Space - The construction of low Earth orbit satellite constellations has accelerated, with ongoing demand in communication, remote sensing, and navigation applications [2] - The reduction in commercial rocket costs and improvements in launch capabilities have made longer operational times and more complex payloads the norm, highlighting the importance of reliable energy support systems [2] - Space photovoltaics are gaining attention due to their ability to convert solar energy into electricity, offering sustainability, stability, and lightweight advantages, making them the most mature energy form for spacecraft [2] Long-term Potential - Perovskite tandem battery technology holds significant potential in space photovoltaics due to its high theoretical efficiency, lightweight, and flexibility, although it still requires validation in stability, lifespan, and radiation resistance [3] - The replacement cycle for space photovoltaics is generally 5 to 8 years, much shorter than the 25 years or more typical for ground-based solar power plants [3] - From 2025 to 2040, the global annual satellite launch quantity is expected to increase from 5,000 to 50,000, with the total demand for photovoltaic batteries projected to rise from 0.024 GW to 1.8 GW, indicating a market space growth of over 30 times by 2035-2040 [3] Company Layout - A-share listed companies are accelerating their layout in the space photovoltaic field, leveraging their experience in materials, components, and system integration to develop efficient batteries and lightweight components [4] - Recent collaborations, such as the strategic partnership between Aerospace Hongtu Information Technology Co., Ltd. and Wuxi Zhongneng Energy Technology Co., Ltd., focus on new energy technologies for space applications [4] - Companies like Zhonglai Co., Ltd. and Trina Solar have reported ongoing developments in adapting their products for space photovoltaic applications, including perovskite and silicon tandem products [4][5] Industry Opportunities - The explosion of commercial aerospace provides photovoltaic companies with cross-industry opportunities, opening a second growth curve [5] - While space photovoltaics may not replace the scale advantages of ground photovoltaics in the short term, their technological leadership and strategic value are expected to shift the industry focus from price competition to technology competition [5]

每经AI快讯，天合光能1月23日晚间发布公告称，公司第三届第四十次董事会会议于2026年1月23日以 现场结合通讯方式召开。会议审议了《关于提请股东会授权董事会办理公司2026年限制性股票激励计划 相关事宜的议案》等文件。 每经头条（nbdtoutiao）——检查糖尿病却查出胰腺癌！仅凭百元CT揪出"癌症之王"，医生没看出来的 病，AI是怎么发现的？ （记者 张明双） ...

Group 1 - The commercial space sector has become a focal point in the capital market, with space photovoltaics gaining significant attention, as evidenced by a 30.57% increase in the space photovoltaic index over nearly 60 trading days [2] - Key companies in the space photovoltaic sector include Junda Co., Ltd., Tuori New Energy, Zhonglai Co., Ltd., Jinjing Technology, Trina Solar, and Jiejia Weichuang, with Junda Co., Ltd. showing remarkable performance, with a stock price increase of 125.89% in the same period [2] - The acceleration of satellite deployment in low Earth orbit, including SpaceX's approval for 7,500 new Starlink satellites and China's application for 203,000 satellites, has driven the demand for space photovoltaics as a sustainable energy source [3] Group 2 - Space photovoltaics are favored for satellite energy supply due to their advantages, such as immunity to weather interference and simpler installation compared to traditional solar setups [4] - The high cost of space photovoltaics, primarily using gallium arsenide materials, poses a significant challenge, with current prices for space-grade gallium arsenide solar cells being over 1,000 times that of terrestrial silicon cells [4] - Perovskite materials are emerging as a potential next-generation solution for space photovoltaics, although their long-term stability and large-scale production remain to be validated [4] Group 3 - The space photovoltaic concept has gained momentum in 2026, with multiple brokerages predicting a "trillion-level market," prompting various photovoltaic companies to engage in strategic partnerships and research [5] - Recent collaborations include a strategic partnership between Dongfang Risen and Shanghai Port Construction Group to develop perovskite and p-type heterojunction battery technologies for space energy applications [5] - Trina Solar has established a comprehensive layout in three key areas: crystalline silicon batteries, perovskite tandem batteries, and III-V gallium arsenide multi-junction batteries, anticipating significant market potential as reusable rocket technology advances [6] Group 4 - Trina Solar has reported collaborations with leading aerospace companies in Europe and the U.S. for its crystalline silicon products, focusing on perovskite and silicon tandem products for satellite applications [6] - Junda Co., Ltd. has seen its stock price double since embracing the space photovoltaic concept, with a recent closing price of 90.4 yuan per share [6] - Other equipment manufacturers, such as Aotwei and Maiwei, have also experienced significant stock price increases, with Aotwei's stock rising by 74.44% and Maiwei's by 68.58% over 20 trading days [6][7]

今日晚间重要公告抢先看——钧达股份：钙钛矿光伏技术在太空极端环境下的综合成本效益仍有待验证 与参股公司星翼芯能在太空光伏方面未签订正式业务协议；奥特维称目前"太空光伏"尚处初期探索和研 发阶段，产业化进程仍面临较大不确定性。 【重大事项】 钧达股份：钙钛矿光伏技术在太空极端环境下的综合成本效益仍有待验证 与参股公司星翼芯能在太空 光伏方面未签订正式业务协议 1月23日，钧达股份(002865.SZ)公告，此前披露，公司以现金出资3000万元认购星翼芯能新增注册资本 46.1539万元，获得星翼芯能16.6667%的股权。现就相关事项补充公告。公司虽长期深耕光伏电池技术 的研发与产业化，但在面向太空极端环境的光伏产品适配能力、航天领域技术验证资源及行业应用经验 等方面，尚无成熟积累。钙钛矿光伏技术虽在超轻量化、低成本、高抗辐照性等方面展现出潜在优势， 但其在太空极端环境下的长期可靠性、量产一致性及综合成本效益仍有待充分验证。在太空光伏方面， 由于该领域产品定制化程度高、验证周期长，且受发射窗口等外部因素影响显著，相关业务目前仍处于 技术研发与前期验证阶段，合作产品亦需完成在轨验证。截至目前，双方在该领域未形成稳 ...

证券日报网讯1月23日，天合光能在互动平台回答投资者提问时表示，截至2026年1月10日，公司的股东 人数为57298户。 ...

天合光能表示，新项目预计2026年底建成并投入运营。本次变更募投项目有利于提高募集资金使用效 率，合理优化资源配置，不会对公司正常经营产生不利影响。该事项尚需提交公司股东会和债券持有人 会议审议通过后方可实施。 北京商报讯（记者 马换换 李佳雪）1月23日晚间，天合光能（688599）披露公告称，公司拟缩减"年产 35GW直拉单晶项目"的募集资金投资金额，不再实施二期15GW项目，并将剩余募集资金17亿元用于新 项目"分布式智慧光伏电站建设项目"。 ...

公司2023年第三次临时股东大会审议通过的2023年限制性股票激励计划尚在实施中。截至本激励计划草 案公布日，公司全部在有效期内的股权激励计划所涉及的标的股票总数累计未超过公司股本总额的 20%。本激励计划中任何一名激励对象通过全部在有效期内的股权激励计划获授的公司股票数量累计未 超过公司股本总额的1%。 格隆汇1月23日丨天合光能(688599.SH)公布2026年限制性股票激励计划，本激励计划拟授予激励对象的 限制性股票数量为2,800.7610万股，约占2026年1月21日公司股本总额的1.20%。其中，首次授予限制性 股票2,520.6810万股，约占2026年1月21日公司股本总额的1.08%，占本激励计划拟授予限制性股票总数 的90.00%；预留280.0800万股，约占本激励计划2026年1月21日公司股本总额的0.12%，占本激励计划拟 授予限制性股票总数的10.00%。 ...

公司2023年第三次临时股东大会审议通过的2023年限制性股票激励计划尚在实施中。截至本激励计划草 案公布日，公司全部在有效期内的股权激励计划所涉及的标的股票总数累计未超过公司股本总额的 20%。本激励计划中任何一名激励对象通过全部在有效期内的股权激励计划获授的公司股票数量累计未 超过公司股本总额的1%。 格隆汇1月23日丨天合光能(688599.SH)公布2026年限制性股票激励计划，本激励计划拟授予激励对象的 限制性股票数量为2,800.7610万股，约占2026年1月21日公司股本总额的1.20%。其中，首次授予限制性 股票2,520.6810万股，约占2026年1月21日公司股本总额的1.08%，占本激励计划拟授予限制性股票总数 的90.00%；预留280.0800万股，约占本激励计划2026年1月21日公司股本总额的0.12%，占本激励计划拟 授予限制性股票总数的10.00%。 ...

協力津師事務所 CO-EFFORT LAW FIRM LLP 上海市协力(无锡)律师事务所 关于天合光能股份有限公司 2026年限制性股票激励计划(草案)的 法律意见书 cok 协意字 0 198 号 江苏省无锡市经开区金融八街联合金融大厦 2901-2903 室 邮政编码：214000 电话： 051088888990 二〇二六年一月 细胞胎目感恩细胞曾想自己自己自己自己自己自己自己自己自己的目前目前目前目前目后自己回目目目目易 关于天合光能股份有限公司 2026 年限制性股票激励计划（草案）的法律意见书 目录 | 释 义 . | | --- | | 第一部分 引言 | | 第二部分 正文 | | 一、公司实施股权激励的主体资格 | | 二、本激励计划内容及合法合规性 | | 三、本激励计划涉及的法定程序 . | | 四、本激励计划项下激励对象 | | 五、本激励计划履行的信息披露义务 . | | 六、激励对象参与本激励计划的资金来源 | | 七、本激励计划对公司及全体股东利益的影响 | | 八、本激励计划的关联董事回避表决事项………………………………………………………………………………………………………… ...

华泰联合证券有限责任公司 关于天合光能股份有限公司 募投项目变更并将剩余募集资金用于新项目的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为天合光能股份有限公司（以下简称"天合光能"或"公司"）持续督导的保荐 人，根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等 有关规定，就公司募投项目变更并将剩余募集资金用于新项目的事项进行了核查， 并发表意见如下： 一、变更募集资金投资项目的概述 （一）募集资金基本情况 经中国证券监督管理委员会出具的证监许可［2023］157 号《关于同意天合 光能股份有限公司向不特定对象发行可转换公司债券注册的批复》核准，公司获 准向不特定对象发行面值总额为人民币 8,864,751,000.00 元的可转换公司债券， 债券期限为 6 年。截至 2023 年 2 月 17 日，公司发行可转换公司债券共募集人民 币 8,864,751,000.00 元，扣除各项发行费用合计人民币 48,650,279.85 元后，实际 募集资金净额为人民币 8,816,100,7 ...