Core Viewpoint - The recent visit of SpaceX to several Chinese photovoltaic companies led to a surge in the space photovoltaic concept stocks on February 4, but the momentum could not be sustained, resulting in a significant decline in the space photovoltaic index on February 5 [2][3]. Group 1: Market Performance - On February 5, the space photovoltaic index (8841929) dropped by 4.86%, closing at 3837.43, with notable declines in stocks such as JunDa Co., JinCheng Co., and Shuangliang Energy, which hit the daily limit down [2][3]. - Other companies like GaoCe Co., JieJia WeiChuang, MaiWei Co., JingSheng JiDian, and HaiYou New Materials saw declines exceeding 9%, while Trina Solar fell over 7% and JinkoSolar dropped over 6% [2][4]. Group 2: Company Announcements - Trina Solar announced that it has not engaged in any cooperation with SpaceX and has no related orders in the "space photovoltaic" sector, clarifying that its main products are focused on ground photovoltaic applications [5][6]. - GCL-Poly Energy stated that it has not received any orders in the "space photovoltaic" field and emphasized that the technology is still in the exploratory phase, with uncertain commercial prospects [8]. - JinkoSolar confirmed it has not collaborated with SpaceX and highlighted that the "space photovoltaic" concept remains in the early exploration stage [10]. - Other companies like Guosheng Technology, Shuangliang Energy, and JingSheng JiDian also reported no involvement in "space photovoltaic" business, reiterating the uncertainty surrounding the commercialization of this technology [11][12][13]. Group 3: Financial Forecasts - Trina Solar projected a net loss of between 6.5 billion to 7.5 billion yuan for the year 2025 [7]. - GCL-Poly Energy expects a net loss of between 890 million to 1.29 billion yuan for the same year [8].

Core Viewpoint - Xizi Clean Energy (002534.SZ) has signed a strategic cooperation agreement with Beijing Qingwei Intelligent Technology Co., Ltd. to advance the development of Artificial Intelligence Data Centers (AIDC) through collaboration in computing power and energy construction, marking a new era of "Energy + Computing Power" [1][2] Group 1: Strategic Cooperation - The cooperation focuses on achieving synergistic innovation between "Energy + Computing Power" to enhance industrial competitiveness [1] - Both companies will leverage their strengths to promote the integrated construction of green intelligent computing centers and energy storage facilities [1] - Qingwei Intelligent will provide high-efficiency computing cluster solutions based on reconfigurable computing technology, while Xizi Clean Energy will customize zero-carbon energy supply solutions centered on molten salt energy storage [1] Group 2: Green Computing Power Center Services - The partnership will also develop green computing power center services aimed at cloud service providers, with Qingwei Intelligent providing the computing foundation and Xizi Clean Energy contributing advanced energy storage technology [2] - This collaboration aims to help cloud providers optimize Power Usage Effectiveness (PUE) metrics and achieve sustainability goals, tapping into high-growth markets [2] - Xizi Clean Energy's molten salt energy storage technology is particularly suitable for AIDC scenarios, enabling peak shaving and valley filling of electricity, stabilizing power supply for computing centers [2] Group 3: Future Outlook - The strategic partnership is a significant step for the company in the "AI + Energy" intersection, with plans to establish a special task force and regular communication mechanisms to translate the agreement into concrete projects [2] - The collaboration aims to explore innovative models for energy storage in computing centers, contributing to the green and sustainable development of China's artificial intelligence industry [2]

Core Viewpoint - Xizi Clean Energy (002534.SZ) has signed a strategic cooperation agreement with Beijing Qingwei Intelligent Technology Co., focusing on the construction of Artificial Intelligence Data Centers (AIDC) and promoting comprehensive collaboration in computing power and energy [1][2]. Group 1: Strategic Cooperation - The cooperation aims to achieve synergistic innovation between "energy and computing power," transforming technological complementarity into tangible industrial competitiveness [1]. - Both companies will leverage their strengths to collaboratively advance projects, including the integrated construction of green intelligent computing centers and energy storage facilities [1]. Group 2: Technological Contributions - Qingwei Intelligent will provide high-efficiency computing cluster solutions based on reconfigurable computing technology, while Xizi Clean Energy will customize zero-carbon energy supply solutions centered on molten salt energy storage [1][2]. - The molten salt energy storage technology demonstrates unique adaptability in AIDC scenarios, enabling peak shaving and valley filling of electricity, stabilizing power supply for computing centers [2]. Group 3: Future Outlook - The strategic partnership marks a significant step for the company in the "AI + Energy" intersection, with plans to establish a special task force and regular communication mechanisms to translate the agreement into concrete projects [2]. - The collaboration aims to explore innovative models for energy storage in computing centers, contributing to the green and sustainable development of China's artificial intelligence industry [2].

答：燃机余热锅炉（英文简称HRSG），是燃气-蒸汽联合循环系统中的核心设备之一。其工作原理是通 过回收燃气轮机排出的烟气余热，用以产生蒸汽，进而用于驱动蒸汽轮机发电、供热及其他工业用汽。 HRSG能将联合循环电站整体热效率从简单循环的约30%–40%大幅提升至60%以上，实现能源高效、清 洁与梯级利用。 格隆汇2月5日丨西子洁能(002534.SZ)在投资者关系中表示，有被问到：燃气轮机需要配套燃机余热锅 炉嘛？ ...

证券日报网2月5日讯 ，西子洁能（002534）在接受调研者提问时表示，公司于1955年建厂，2002年加 入西子电梯集团，2011年深交所挂牌上市，2022年更名为西子清洁能源装备制造股份有限公司。公司主 要从事余热锅炉、清洁环保能源发电装备等产品咨询、研发、生产、销售、安装及工程总承包业务，为 客户提供环保设备和能源利用整体解决方案。目前公司主要包括四部分业务：余热锅炉、清洁环保能源 装备、解决方案、备件及服务业务。余热锅炉主要包括燃机余热锅炉、干熄焦余热锅炉、烧结机余热锅 炉、水泥窑余热锅炉、电站锅炉及电站辅机等产品，客户群体包括五大电力、钢铁、建材、水泥等高耗 能行业企业。清洁环保能源装备主要包括垃圾焚烧锅炉、生物质锅炉、废水废气废物（包括污泥）锅 炉、熔盐吸热器、换热器、储罐及核电设备等，主要用于垃圾废物处理厂、石化厂、核电站和光热项目 等新能源领域。解决方案主要包括但不限于以熔盐储能、导热油换热器、石化化工换热器、海水淡化装 置、气化炉（容器、热交换器）等其他换热器及压力容器为核心设备等综合解决方案项目。备件主要包 括过热器、省煤器等部件，服务包括技术服务、项目改造工程、维修维保等业务。 ...

Core Viewpoint - The company, Xizi Clean Energy, anticipates achieving new orders totaling 5.998 billion yuan in 2025, indicating a strong growth trajectory in its business segments [1] Group 1: Order Breakdown - The new orders for 2025 include: - Waste heat boiler orders amounting to 1.967 billion yuan [1] - Clean and environmental energy equipment orders totaling 632 million yuan [1] - Solutions orders reaching 2.688 billion yuan [1] - Spare parts and services orders of 711 million yuan [1] Group 2: Current Order Status - As of December 31, 2025, the company has achieved an order backlog of 5.916 billion yuan [1] - The company emphasizes the importance of enhancing order quality management and optimizing order structure to drive high-quality business development [1] Group 3: Future Growth Strategy - The company has identified growth opportunities in four business segments and is allocating resources to enhance overall order acquisition capabilities [1]

Core Viewpoint - The strategic partnership between Xizi Clean Energy and Beijing Qingwei Intelligent Technology aims to innovate in the "energy + computing power" sector, focusing on the construction of Artificial Intelligence Data Centers (AIDC) and enhancing industry competitiveness through technological synergies [1] Group 1: Strategic Cooperation - On January 16, the company signed a strategic cooperation agreement with Beijing Qingwei Intelligent Technology [1] - The collaboration will focus on the integrated construction of green intelligent computing centers and energy storage facilities [1] - Qingwei Intelligent will provide high-efficiency computing cluster solutions based on reconfigurable computing technology, while Xizi Clean Energy will customize zero-carbon energy supply solutions centered on molten salt energy storage [1] Group 2: Market Opportunities - The partnership aims to offer green computing center services to cloud vendors, optimizing Power Usage Effectiveness (PUE) and sustainability goals [1] - The molten salt energy storage technology demonstrates unique adaptability in AIDC scenarios, stabilizing power supply and reducing costs [1] - The collaboration is a significant step for the company in the "AI + energy" intersection, exploring innovative models for energy storage in computing centers [1] Group 3: Future Outlook - Both companies will establish a special task force and a regular communication mechanism to translate the agreement into concrete projects [1] - The partnership is expected to inject strong and intelligent "zero-carbon" momentum into the sustainable development of China's artificial intelligence industry [1]

Core Viewpoint - The company Xizi Clean Energy emphasizes the importance of Heat Recovery Steam Generators (HRSG) in enhancing the efficiency of combined cycle power plants, significantly improving energy utilization and promoting cleaner energy solutions [2]. Group 1: Technology and Efficiency - HRSG is a core component of gas-steam combined cycle systems, designed to recover waste heat from gas turbine exhaust to generate steam [2]. - The implementation of HRSG can increase the overall thermal efficiency of combined cycle power plants from approximately 30%-40% to over 60% [2].

Core Viewpoint - The company, Xizi Clean Energy, is expected to improve its sales order quality control and increase its gross profit margin in 2025, leading to a significant rise in net profit compared to the previous year [2] Group 1: Financial Performance - The company anticipates a net profit attributable to the parent company of between 220 million to 280 million yuan in 2025, representing a substantial increase of 53.3% to 95.11% year-on-year [2] - The company has improved its management of accounts receivable and inventory, resulting in a decrease in total working capital occupancy [2] - The net cash inflow from operating activities is expected to show a significant improvement in 2025 [2] Group 2: Operational Improvements - The company is focusing on enhancing the quality control of sales orders, which is expected to contribute to the increase in gross profit margin [2] - The provisions for expected credit losses and asset impairment losses are projected to decrease compared to the previous year [2]

（编辑 姚尧） 证券日报网2月5日讯 ，西子洁能在接受调研者提问时表示，公司不断增加海外布点，结合海外市场需 求，不断推出海外市场的拳头产品，公司产品在海外市场竞争力不断提升。近年来，海外市场新增订单 占比不断提升。海外市场已经成为公司业绩增量的重要组成部分。 ...