国金证券：太空光伏将是2026年电新板块最强主线

Core Viewpoint - The report from Guojin Securities highlights that space photovoltaics, as a core segment of the commercial aerospace sector, is gradually gaining market recognition due to its "high value, inflation trend, and high barriers to entry" [1] Group 1: Market Dynamics - The current market trend is shifting from leading stocks to equipment and materials sectors, indicating a broader expansion within the space photovoltaics industry [1] - The report reiterates that space photovoltaics will be the strongest mainline in the new energy sector by 2026, suggesting that the market rally is far from over and encourages active participation [1] Group 2: Policy Impact - The cancellation of export tax rebates for photovoltaics is confirmed, but the effective date of April 1 provides a "window for rush shipments" to mitigate the seasonal downturn in domestic demand during Q1 [1] - The policy is expected to accelerate the exit of less competitive production capacities and companies, focusing on addressing the core issues of "anti-involution" measures [1]