就是以生化价为代表的这样的一种那么如果说是比如说我们用一些低成本的太阳电池的话有可能这个比例会稍微低一些在生化价的话基本上是在40%左右然后剩下的60%主要是结构机构还有驱动机构构成的那么结构机构的话大概基本上在20%左右然后驱动机构可能在40%左右基本上是这样的一个比例主持人 哎好的谢谢谢谢那就是对应的有一个比较关键的一个问题吧也是大家关注非常多的就是说我们现在卫星太阳一的三种技术吗就是轨迹生化甲概态矿它们各自的路线演化的现状还有技术趋势然后当前的结构占比这一块应该怎么看呢呃从空间的应用来看的话呢这个最早 用的是这个硅基的就是这个硅的太阳电池那么空间用的这个硅的太阳电池呢可能跟我们民用的还略有略有略有差异那个因为空间的这个环境啊跟这个地面的环境不太一样那么最早的时候早期的时候这个因为生化加的技术还还不成熟所以说呢那时候呢主要用的是硅太阳电池那后来呢这个随着这个生化加太阳电池的这个技术的这个逐步的发展它的这个效率呢是比明显的就是比这个硅太阳电池呢要高 那么这样的话呢综合整个这个因为这样的话我可以大大的减少因为效率高的话我就可以减少我整个太阳电池阵的面积这样的话我整个太阳翼的这个重量各方面的就会下来那么这样的话 ...

Summary of Conference Call Industry Overview - The discussion primarily revolves around the satellite industry, specifically focusing on solar wings and their components, including solar cells and their applications in traditional and commercial satellites [1][2][12]. Key Points and Arguments 1. **Importance of Solar Wings**: Solar wings serve as the energy system for satellites, significantly contributing to the overall value of the satellite. Their material and design impact the satellite's cost and efficiency [1]. 2. **Composition of Solar Wings**: Solar wings consist of three main parts: solar cell circuits (approximately 40% of the value), structural components, and driving mechanisms [2]. 3. **Current Technology Trends**: The dominant technology in satellite solar cells is the use of gallium arsenide (GaAs) cells, which, despite being more expensive than silicon-based cells, offer better efficiency and lower launch costs due to reduced weight [4][5]. 4. **Market Share of Technologies**: Currently, about 99% of traditional satellites utilize GaAs solar cells, indicating a strong market preference for this technology [5]. 5. **Emerging Technologies**: Perovskite solar cells are emerging as a new material but face challenges in stability and efficiency, particularly under extreme temperatures [6][8][18]. 6. **Cost Comparison**: GaAs cells are significantly more expensive than silicon-based cells, with a price difference of one to two orders of magnitude. This cost factor limits the adoption of GaAs in certain applications [7][10]. 7. **Commercial Satellite Requirements**: Commercial satellites have lower performance and reliability requirements compared to traditional high-value military satellites, allowing for the use of less expensive technologies [10]. 8. **Domestic Industry Landscape**: Several domestic companies are involved in the solar wing market, with a few key players dominating the traditional satellite solar cell production [12][13][14]. 9. **Future Developments**: The industry is witnessing a surge in satellite constellation projects, driven by both state-owned and private enterprises, indicating a positive outlook for satellite launches and technology advancements [21][22]. 10. **Challenges in Perovskite Technology**: Perovskite cells need to demonstrate long-term stability and efficiency in space environments to be considered viable alternatives to existing technologies [30][31]. Additional Important Insights - **Testing Requirements**: For new technologies like perovskite cells, extensive testing in space is necessary to validate their performance and reliability over time [30][31]. - **Efficiency Metrics**: Current GaAs cells achieve efficiencies of 30% to 32%, while perovskite cells need to reach comparable efficiencies to be competitive [33][34]. - **Price Trends**: The price of GaAs cells has decreased significantly, but further reductions are limited due to the inherent costs of materials and manufacturing processes [36]. - **Technological Innovations**: Future improvements in perovskite technology may come from advancements in materials and manufacturing processes, which could enhance their stability and efficiency [38]. This summary encapsulates the key discussions and insights from the conference call, highlighting the current state and future prospects of the satellite solar wing industry.

本次电话会仅服务于华创证券研究所客户不构成投资建议相关人员应自主作出投资决策并自行承担投资风险 华盛顿券不应使用本次内容所导致的任何损失承担任何责任专家发言内容仅代表专家个人观点不代表本公司观点本次会议内容不得涉及国家保密信息内幕信息未公开重大信息商业秘密个人隐私不得涉及可能引发不当炒作或股价异常波动的敏感信息不得涉及影响社会或资本市场稳定的言论 非常感谢会议主席 各位投资者大家好欢迎大家参加我们华创新科技组织 雷同一法案的战略力量很棒啊那我们是本作的话呢我们听的这个方向在这个巨神机器人这块啊因为我们看到的在各区域各区域内来啊就是无论说是海外的这个机器人包括机器构啊以及像国内啊像海外的这个不像 像整个国内的这个语速啊就是发展的非常快啊发展非常快啊那同时的话呢我们看到呃这个呃这组啊信号的时候呢啊这个美国的小院子展有那种感受看啊然后呃我们昨天啊也也也组织了这个关于啊这个电视展的一些 前瞻里面的包括小提琴的驾驶,相关的一些人工智能,我们认为都会陆续落地。我们也认为像巨神机器人,四足机器人也会是未来非常核心的这样一个压落地的一个场景。所以本期的话,我们一直在与四足,包括巨神机器人相关的一些产业做一些研究和更新。我们在 ...

Industry Overview - The commercial aerospace industry in China is expected to enter a transformation and upgrading phase by 2025, with policy support shifting from basic capacity building to guiding innovation breakthroughs [1] - The industry is projected to reach a scale of 2.5 trillion yuan by 2025, becoming a new driver of economic growth [1] - The success rate of commercial launches has reached 96%, with commercial launches accounting for 39% of total launches, and the number of in-orbit satellites exceeding 900 [1] Technological Advancements - Significant breakthroughs have been made in liquid rocket technology, with Blue Arrow Aerospace's Zhuque-2 becoming the world's first liquid oxygen methane rocket to successfully reach orbit [6] - Vertical takeoff and landing tests have been completed by multiple companies, with Zhuque-3 successfully completing a 10-kilometer vertical takeoff and landing return test, marking a significant step in reusable rocket technology [6] - Batch production capabilities have significantly improved, with companies like Galaxy Space and Changguang Satellite achieving large-scale production through smart factories, leading to a substantial reduction in satellite manufacturing costs [6] Market and Infrastructure Development - The "Ten Thousand Satellites Constellation" plan is expected to provide vast opportunities for the commercial aerospace industry, with sectors accelerating towards systematic and large-scale development [6] - Commercial launches are expected to become more routine by 2025, with launch costs further decreasing [6] - The ground-space integrated measurement and control system is gradually taking shape, with more cloud-based ground station as a service (GSaaS) models expected to emerge, reducing costs and innovating profit models [12] Challenges and Gaps - Core technologies in commercial rockets still need to be developed, with significant gaps remaining compared to international advanced levels, particularly in liquid oxygen methane rocket technology and reusable rocket technology [16] - The measurement and control service system is not yet fully developed, with domestic commercial measurement and control companies still in the early stages of development, and a mismatch between supply and demand [20] - The satellite industry chain faces challenges in international development, with limited international discourse power in global space orbit and frequency resources, and domestic market competition being homogeneous [29] Strategic Recommendations - Increase investment in technology research and development to drive technological innovation and breakthroughs, with government and enterprises deepening cooperation to solve core technical problems [33] - Optimize the layout of the industrial chain to promote multi-chain integrated and coordinated development, with the government strengthening overall planning and strategic layout [38] - Improve the legal and policy environment and strengthen international cooperation and exchanges, with the government formulating scientific and reasonable market regulation policies and supporting commercial aerospace enterprises in expanding overseas markets [41] Global Context - The United States maintains a dominant position in the global commercial aerospace market, with SpaceX holding 81% of the global market share due to its significantly lower launch costs [60] - China is accelerating its catch-up, with the commercial aerospace industry narrowing the gap with the United States, particularly in low-orbit broadband satellite internet constellations and small satellite manufacturing [60] - By 2025, China is expected to become a regional market leader in areas such as space-based measurement and control, leveraging its advanced aerospace technology and complete industrial chain [60]