（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：太空光伏已成为AI的必要能源，那么贵公司对马斯克 提及的太空光伏怎么看？以后有一天能实用的话贵公司会倾力研发太空光伏组件吗？ 首航新能（301658.SZ）2月26日在投资者互动平台表示，公司主要产品包括光伏并网逆变器、光伏储能 逆变器、储能电池、工商业储能系统与集中式储能系统。公司目前的产品尚未涉及太空光伏的相关应 用，未来公司将结合自身技术优势与市场成熟度，适时评估参与空间光伏储能应用的可能性。后续的业 务进展情况请您关注公司披露的定期报告及相关公告。 ...

格隆汇2月26日丨首航新能(301658.SZ)在互动平台表示，公司主要产品包括光伏并网逆变器、光伏储能 逆变器、储能电池、工商业储能系统与集中式储能系统。公司目前的产品尚未涉及太空光伏的相关应 用，未来公司将结合自身技术优势与市场成熟度，适时评估参与空间光伏储能应用的可能性。 ...

Group 1 - The company has a global business layout covering over 100 countries and regions, with a focus on various markets including Europe, Asia-Pacific, Latin America, Australia, the Middle East, and Africa [1] - In the North American market, the company has not yet formed significant revenue on a large scale [1] - The company has accumulated numerous high-quality customer resources in its operational regions [1]

Core Viewpoint - The company has not yet established significant revenue in the North American market for its photovoltaic business, despite its global operations spanning over 100 countries and regions [2]. Group 1 - The company maintains a global business layout, covering over 100 countries and regions [2]. - The company has accumulated numerous high-quality customer resources in various regions, including Europe, Asia-Pacific, Latin America, Australia, the Middle East, and Africa [2]. - Currently, the company has not formed scaled revenue in the North American market [2].

Core Viewpoint - The company, Shihang New Energy, emphasizes its commitment to a global business layout, covering over 100 countries and regions, while acknowledging the lack of significant revenue generation in the North American market [1] Group 1 - The company has established a presence in various regions including Europe, Asia-Pacific, Latin America, Australia, the Middle East, and Africa, accumulating a substantial number of quality customer resources [1] - The company is actively pursuing a global strategy to enhance its market reach and customer base [1] - Despite its global operations, the company has not yet achieved scale revenue in the North American market [1]

Core Viewpoint - The report highlights the growth in the solar and energy storage sectors, with significant export figures and production adjustments anticipated due to policy changes and market dynamics [1][4][5]. Production - Solar module production is expected to decrease by 13.58% month-on-month in December 2025, while there are plans for increased production due to export tax incentives, though actual implementation remains uncertain [2]. - Battery production for power, storage, and consumer applications is projected to be 188 GWh in February 2026, down 10.5% month-on-month, indicating a restructuring in supply with leading companies maintaining strong orders [2]. Pricing - As of February 4, 2026, the price of polysilicon remains stable at 54.00 CNY/kg, while the average price of 183N monocrystalline silicon wafers has decreased by approximately 7.41% to 1.25 CNY/piece [3]. - The average price of lithium battery storage systems in December 2025 is reported at 0.5882 CNY/Wh, reflecting a 2.82% increase month-on-month, with specific systems showing significant price variations [3]. Demand - In December 2025, solar module exports reached approximately $2.314 billion, marking an 18.22% year-on-year increase but a 4.05% month-on-month decline, while inverter exports totaled $839 million, up 26.12% year-on-year and 9.38% month-on-month [4]. - Domestic solar installations in November 2025 amounted to 22.02 GW, a 74.76% increase month-on-month, with cumulative installations for the year reaching 274.89 GW, a 33.25% year-on-year growth [4]. Investment Recommendations - The report suggests that the cancellation of VAT export rebates for certain products starting in April 2026 may boost domestic demand for solar products in the short term and lead to the elimination of outdated production capacity in the long term [5]. - Companies such as Sungrow Power Supply (300274), Chint Power (002150), and Nandu Power (300068) are recommended for investment, along with a focus on CATL (300750) and EVE Energy (300014) [5].

Investment Rating - The report assigns an "Outperform" rating for the industry [2]. Core Insights - The establishment of a national pricing mechanism for energy storage capacity is expected to stabilize revenue for new energy storage systems, which is a positive development for the industry [2]. - The report highlights a significant increase in the average price of lithium battery storage systems, indicating a trend of rising costs in the energy storage sector [2]. - The report notes a decrease in production for both photovoltaic components and lithium batteries, suggesting a restructuring in supply dynamics within the industry [2][3]. Summary by Sections Production - Photovoltaic component production is projected to decrease by 13.58% month-on-month in December 2025, while lithium battery production is expected to decline by 10.5% month-on-month in February 2026 [2]. - The total production capacity for batteries in China is forecasted at 188 GWh for February 2026, with a global forecast of 195 GWh [2]. Pricing - As of February 4, 2026, the price of polysilicon remains stable at 54.00 CNY/kg, while the average price of 183N monocrystalline silicon wafers has decreased by approximately 7.41% to 1.25 CNY/piece [2]. - The average price for lithium battery storage systems in December 2025 was 0.5882 CNY/Wh, reflecting a month-on-month increase of 2.82% [2]. Domestic Demand - In November 2025, the domestic installation of photovoltaic systems reached 22.02 GW, marking a month-on-month increase of 74.76% [2]. - The cumulative installed capacity for photovoltaic systems in China from January to November 2025 was 274.89 GW, showing a year-on-year growth of 33.25% [2]. Overseas Demand - The export value of photovoltaic components in December 2025 was approximately 2.314 billion USD, representing a year-on-year increase of 18.22% [2]. - The export value of inverters in December 2025 was 839 million USD, which is a year-on-year increase of 26.12% [2].

Group 1 - Zairun New Energy focuses on the research and development of perovskite battery core materials and equipment, with a strong emphasis on high-purity and high-stability products suitable for large-scale production [1] - The company has completed multiple pilot tests and its product performance has been validated by third-party authorities [1] - Zairun's high-radiation-resistant perovskite precursor materials enhance battery stability in extreme space environments, positioning the company to become a core supplier in the space photovoltaic supply chain [1] Group 2 - Aotwei is a leading domestic photovoltaic equipment enterprise, with early layouts in perovskite production line equipment and technology covering key processes such as laser etching and thin film deposition [2] - The company's self-developed laser repair equipment significantly improves battery yield and is at the forefront of industry standards [2] - Aotwei's equipment optimizes battery manufacturing processes to meet the stringent requirements of space photovoltaic applications, potentially making it a core supplier in this sector [2] Group 3 - Haiyou New Materials is a core supplier of photovoltaic packaging materials, focusing on the development of POE films and back sheets for perovskite batteries [3] - The company has developed radiation-resistant packaging films that ensure long-term stable operation of perovskite batteries in space environments [3] - As the space photovoltaic market scales, Haiyou is positioned to become a key supplier of packaging materials for perovskite batteries [3] Group 4 - Gaoce Co., Ltd. is a leading domestic company in photovoltaic cutting equipment and silicon wafer processing, actively developing ultra-thin silicon cutting technology for perovskite batteries [4] - The company's ultra-thin silicon wafers, with thicknesses as low as 50μm, meet the lightweight requirements of perovskite batteries [4] - Gaoce's technology supports the stringent demands of space photovoltaic applications, positioning it to become a core supplier of silicon wafers for perovskite batteries [4]

Investment Rating - The industry is rated as "Strongly Outperforming the Market" [2][34]. Core Insights - The report highlights a significant increase in the price of photovoltaic components and a decrease in lithium battery production in February 2026. The overall production of photovoltaic components is expected to decline by 13.58% month-on-month, while the production of lithium batteries is projected to decrease by 10.5% in China [2][3]. - The report emphasizes the establishment of a new pricing mechanism for independent energy storage capacity, which is expected to provide stable revenue for new energy storage solutions. This is part of a broader trend towards optimizing capacity structures in the renewable energy sector [2][32]. Summary by Sections Production - Photovoltaic component production is forecasted to decrease by 13.58% month-on-month in December 2025. The lithium battery production in China is expected to be 188 GWh, reflecting a 10.5% month-on-month decline [2][3][10]. Prices - As of January 28, 2026, the price of polysilicon remains stable at 54.00 CNY/kg, while the average price of TOPCon double-glass components has increased by 3.07% to 0.74 CNY/W. The average price of lithium battery storage systems has risen by 2.82% to 0.5882 CNY/Wh [2][11][17]. Domestic Demand - In November 2025, the domestic photovoltaic installation capacity reached 22.02 GW, a month-on-month increase of 74.76%. The cumulative installed capacity for the year reached 274.89 GW, marking a year-on-year growth of 33.25% [2][23]. Overseas Demand - In December 2025, the export value of photovoltaic components was approximately 2.314 billion USD, representing a year-on-year increase of 18.22%. The inverter export value reached 839 million USD, showing a year-on-year increase of 26.12% [2][27][25].

格隆汇2月3日丨首航新能(301658.SZ)在互动平台表示，公司主要产品包括光伏并网逆变器、光伏储能 逆变器、储能电池、工商业储能系统与集中式储能系统，公司目前的产品尚未涉及商业航天以及太空算 力的相关应用。 ...