Xin Lang Cai Jing·2025-12-23 12:15Core Viewpoint - Company has signed a strategic cooperation agreement with Shangyi Optoelectronics to advance perovskite battery technology for space energy applications, aiming to leverage the growing demand in the space photovoltaic market [3][32][34] Group 1: Company Developments - Company has achieved a key breakthrough in perovskite tandem batteries with a laboratory efficiency of 32.08%, leading the industry [2][31] - The first industrialized N-type + perovskite tandem battery is expected to be completed by November 2025, with small-scale production capabilities underway [2][31] - Company has over 50% of its sales from overseas and is planning to expand its overseas production capacity [2][31] Group 2: Market Opportunities - The global low-orbit satellite planning has surpassed 100,000 satellites, increasing the demand for lightweight and high-efficiency energy solutions in space [2][31] - Perovskite technology offers advantages such as ultra-lightweight, low cost, high radiation resistance, and flexibility, making it a revolutionary solution for space energy [2][31] Group 3: Strategic Cooperation - The partnership with Shangyi Optoelectronics aims to integrate industry and scenario resources, focusing on technical research, in-orbit verification, and application scene expansion [3][32] - This collaboration is positioned to capitalize on the technological transformation in space energy and the booming commercial space sector [3][32] Group 4: Financial Outlook - Company expects to improve profitability with net profit forecasts of -558 million, 577 million, and 1.02 billion yuan for 2025-2027 [6][35] - The company has become the first in the industry to list on both A and H shares, establishing an international financing platform to support project development and industrialization [34]