1月23日，商业航天概念延续昨日强势表现，截至发稿，巨力索具3连板，中超控股2连板，瑞华泰、 飞沃科技、东方日升、 睿创微纳 20%涨停，拓日新能、雪迪龙、 烽火通信、西部材料等均涨停。 德恩精工逼近20%涨停，乾照光电、信维通信、太力科技等多股涨超10%。 | 代码 | 名称 | : (cle n) | 息金额 | 图中值 | 14.17 | | --- | --- | --- | --- | --- | --- | | 688323 | 瑞华泰 | +20.01% | 3.86 Z | 46.647 | 25.91 | | 301232 | 沃科技 | +20.00% | 13.63 Z | 169.1 Z | 224.92 | | 300118 | 东方日升 | +20.00% | 24.52 Z | 236.7 Z | 20.76 | | 688002 | 睿创微纳 | +20.00% | 16.80 Z | 567.5 C | 123.31 | | 300780 | 德恩精工 | +19.92% | 11.32 Z | 45.91 Z | 31.32 | | 301 282 | 太力科技 | +18 ...

Investment Rating - The report maintains a "Positive" investment rating for the space photovoltaic industry [3]. Core Insights - The space photovoltaic market is projected to reach a trillion-dollar scale, driven by the increasing demand from low Earth orbit (LEO) satellites and advancements in photovoltaic technology [8][41]. - The report highlights the transition from traditional gallium arsenide (GaAs) solar cells to silicon and perovskite technologies, indicating a shift towards cost-effective solutions in space applications [55][64]. Summary by Sections 1. Growth Drivers - The demand for space photovoltaics is significantly driven by communication and computing satellites, with LEO satellites becoming the mainstream development direction due to their lower costs and shorter development cycles [12]. - The Starlink project is expected to generate substantial revenue, with predictions of over 9 million customers by 2025, covering more than 155 countries [17]. 2. Technology Trends - GaAs multi-junction solar cells are currently the mainstream technology for space applications, achieving efficiencies over 30% [45]. - The report anticipates that silicon will become the next-generation technology, while perovskite is expected to emerge as the ultimate solution due to its high power-to-weight ratio and lower production costs [64]. 3. Material Innovations - The satellite power system consists of three main components: power generation units (solar wings), energy storage units (lithium-ion batteries), and control units [71]. - Flexible solar wings are gaining traction, with advancements in materials leading to the development of ultra-thin glass (UTG) and polyimide (PI) films for better performance in harsh space environments [81][84]. 4. Market Potential - The report estimates that the market space for low Earth orbit satellite photovoltaic systems could reach 275 billion yuan, while the market for space computing could exceed 1 trillion yuan by 2030 [41]. - The anticipated peak in satellite launches from 2030 to 2035 is expected to further drive the demand for space photovoltaics, with projections indicating over 18,000 satellites launched annually [23]. 5. Competitive Landscape - The report outlines the competitive landscape, highlighting key players in the space photovoltaic sector and their respective advancements in technology and materials [88].

此外，数据中心迁移到太空是 【长江电新】太空光伏三问三答 【长江电新】太空光伏三问三答 太空光伏的市场空间有多大： 低轨卫星+太空算力双轮驱动，太空光伏远期市场可观。 低轨卫星已成为太空博弈的新赛道，各国纷纷推出星座计划，比如美国的星链、中国的国网和千帆、欧盟的IRIS2 等，预计2030年发射量在1.5万颗左右，若单颗卫星10kW，发电功率总额达到150MW，按照100元/W测算，对应市 场空间150亿。 晶硅技术成本低廉适合大规模部署，采用p型硅片提升抗辐射性能，通过降低硅片厚度提升比功率，HJT技术具有 天然优势，中期看渗透率有望提升。 钙钛矿或许是远期选择之一，转换效率有望突破30.6824%，比功率远高于晶硅和砷化镓，可实现太阳翼的柔性 化，而且抗辐射性能优异（如金属卤化物钙钛矿）。 哪些企业布局太空光伏领域： 1、迈为股份已与北美客户对接HJT设备，而且在当前银价高位背景下，HJT成本优势逐步显现。 太空光伏的市场空间有多大： 低轨卫星+太空算力双轮驱动，太空光伏远期市场可观。 低轨卫星已成为太空博弈的新赛道，各国纷纷推出星座计划，比如美国的星链、中国的国网和千帆、欧盟的IRIS2 等，预计203 ...

1月23日，A股市场震荡上行，太空光伏引爆光伏板块热度，截至9:54，光伏龙头ETF（516290）劲爆拉升，涨超5%，成交额爆量！ | 序号 | 代码 | 名称 | 申万―级行业 | 涨跌幅 | 估算权重 | | --- | --- | --- | --- | --- | --- | | 1 | 600089 | 特変电工 | 电力设备 | 1.42% | 11.57% | | 2 | 601012 | 降其绿能 | 电力设备 | 7.39% | 8.37% | | 3 | 000100 | TCL科技 | 曲子 | 2.65% | 8.08% | | 4 | 300274 | 阳光电源 | 电力设备 | 2.43% | 7.27% | | ਦ | 300751 | 迈为股份 | 电力设备 | 20.00% | 4.08% | | 6 | 600438 | 通威股份 | 电力设备 | 6.48% | 3.98% | | 7 | 605117 | 德业股份 | 电力设备 | 1.92% | 2.63% | | 8 | 601877 | 正泰申露 | 电力设备 | 2.01% | 2.61% | | 9 | 3 ...

Core Viewpoint - The photovoltaic industry is experiencing significant growth, driven by innovations and a shift from price competition to innovation-driven competition, alongside emerging opportunities in space photovoltaic technology [1] Group 1: Market Performance - As of January 23, 2026, the China Securities Photovoltaic Industry Index (931151) surged by 5.09%, with key stocks such as Laplace rising by 20.01%, Maiwei Co. by 20.00%, and Dongfang Risen by 20.00 [1] - The Photovoltaic ETF Fund (516180) increased by 5.16%, with the latest price reported at 0.92 yuan [1] Group 2: Industry Developments - The State Administration for Market Regulation held a press conference on January 21, 2025, addressing the need to transition the photovoltaic industry from "price competition" to "innovation-driven" competition [1] - The low Earth orbit satellite market is expected to create nearly 10GW of demand for space photovoltaics, as indicated by Guangfa Securities [1] - Elon Musk's Twitter mentioned plans to deploy 100GW of AI computing satellites annually, with a white paper suggesting that space-based AI data centers could reduce total costs by 95% compared to ground-based solutions [1] Group 3: Index Composition - The China Securities Photovoltaic Industry Index comprises up to 50 representative listed companies involved in the photovoltaic industry chain, with the top ten weighted stocks accounting for 55.11% of the index [2]

（文章来源：每日经济新闻） 每经AI快讯，1月23日，光伏玻璃指数盘中大涨近5%。成分股中，东方日升、拓日新能涨停，金晶科 技、亚玛顿、福莱特等个股跟涨。 ...

1月23日，早盘光伏设备大幅高开，光伏ETF华夏（515370）大涨4.57%，持仓股东方日升、迈为股份 20CM涨停，拉普拉斯涨超19%。 近期，财政部会同税务总局发布了公告，明确了自2026年4月1日起，取消光伏、磷化工等产品的出口退 税，并分两年取消电池产品出口退税。当前，中国的经济社会已经进入加快绿色化、低碳化的高质量发 展阶段，此次出口退税政策的调整，有利于促进资源的高效利用，减少环境污染和碳排放，推动经济社 会发展全面绿色转型。同时，也有利于引导产业结构合理调整，促进产业转型升级，综合整治"内卷 式"竞争，推动经济高质量发展。 开源证券指出，自2026年4月1日起，光伏产品增值税出口退税将被全面取消。此举旨在化解行业"内卷 外化"的困局，引导海外市场价格回归理性，降低国际贸易摩擦风险，并减轻国家财政压力。短期影响 有限，因企业已通过提前抢出口、海外囤货等方式构建缓冲。中长期看，政策将倒逼行业摒弃低价竞 争，转向技术迭代、品牌塑造等高质量竞争，头部企业凭借技术优势和全球布局有望获取更高市场份 额。 光伏ETF华夏（515370）及其联接基金（012885/012886）跟踪中证光伏产业指数，涉及光伏 ...

（文章来源：每日经济新闻） 每经AI快讯，HIT电池板块领涨，上涨2.92%。其中，迈为股份上涨12.1%，明阳智能上涨10.01%，双良 节能上涨9.94%，东方日升、捷佳伟创、琏升科技涨超4%。 ...

Core Insights - The article highlights that Dongfang Risheng's HJT module, Vuxi Pro, has achieved a significant milestone by ranking among the top three globally in the TaiyangNews TOP SOLAR MODULES list, with a production power of 740Wp and a conversion efficiency of 23.8%, marking the highest power record in the history of the list [1] - The global photovoltaic module industry is transitioning from scale expansion to a focus on quality and efficiency, with conversion efficiency becoming a key competitive factor that directly influences market share and profitability [1] - The TOP SOLAR MODULES list employs strict criteria for inclusion, ensuring that only high-quality products with a conversion efficiency of at least 21.5% are considered, thus providing a reliable benchmark for assessing core competitiveness in the industry [1] Company Performance - Dongfang Risheng's Vuxi Pro module integrates key technologies such as 0BB busbarless design, stress-free interconnection, and ultra-thin silicon wafers, achieving both performance and cost-effectiveness improvements [2] - The company has demonstrated a high bifacial rate of 90%±5% and a low temperature coefficient of -0.24%/°C, leading the industry in various application scenarios, showcasing its product adaptability and reliability [2] - By the end of 2025, the cumulative shipment of the Vuxi series HJT products is expected to exceed 12GW, with sales in over 80 countries, reflecting strong market recognition and global competitiveness [2] Strategic Expansion - Dongfang Risheng is expanding its strategic vision to include the space sector, aiming for a dual-track development approach of "ground + space," which is expected to uncover new growth opportunities for the company [2] - The company's strategic move into the space sector is supported by its advanced technology reserves and commercialization capabilities, including the mass delivery of a 50μm ultra-thin p-type HJT battery, which is highly compatible with flexible solar wings for low Earth orbit satellite internet energy systems [3] - The development of perovskite/silicon heterojunction stacked solar cells with a conversion efficiency of 30.99% lays a solid foundation for future breakthroughs in space photovoltaic efficiency [3] Industry Trends - The commercial space sector is gaining significant attention in global capital markets, with companies like SpaceX advancing their IPO plans, indicating a robust market environment for related industries [3] - Domestic policies are increasingly supportive of the aerospace sector, with the "14th Five-Year Plan" emphasizing the cultivation of strategic emerging industries, which is expected to accelerate the commercialization of frontier scenarios like space data centers [3][4] - Dongfang Risheng's strategic partnership with Shanghai Port focuses on the research, validation, and industrialization of perovskite + p-type heterojunction battery stacking technology in the space energy field, aligning with national aerospace strategies and capitalizing on the explosive growth of the commercial space industry [4]

Core Insights - The article highlights that Dongfang Risen New Energy Co., Ltd. has made it to the TOPSOLARMODULES list for 2026 with its Vuxi Pro HJT module, which boasts a mass production power of 740Wp and a conversion efficiency of 23.8% [1] - The global photovoltaic module market is becoming increasingly competitive, with module efficiency emerging as a key factor for product differentiation [1] Group 1 - The TOPSOLARMODULES list focuses on commercially mass-produced photovoltaic modules, with strict inclusion criteria requiring a conversion efficiency of at least 21.5% [1] - Dongfang Risen's Vuxi Pro HJT module integrates advanced technologies such as 0BB busbar, stress-free interconnection, and ultra-thin silicon wafers, significantly enhancing product performance and cost-effectiveness [1] - The Vuxi series HJT products are expected to achieve cumulative shipments of over 12GW by the end of 2025, with sales reaching over 80 countries and regions [1] Group 2 - In addition to ground-mounted photovoltaic products, Dongfang Risen is also venturing into the space economy with its self-developed 50μm ultra-thin p-type HJT cells, which are lightweight and radiation-resistant, suitable for low-orbit satellite internet energy systems [2] - The HJT technology shows natural compatibility with perovskite tandem technology, with Dongfang Risen's perovskite/silicon HJT solar cells achieving a conversion efficiency of 30.99% [2]