Zhong Guo Zheng Quan Bao·2026-01-14 14:53Core Viewpoint - JunDa Co., Ltd. plans to invest 30 million yuan in Shanghai Xingyi Chip Energy Technology Co., Ltd. to acquire a 16.6667% stake, marking a strategic shift from terrestrial photovoltaic to space photovoltaic [1][4]. Group 1: Investment Details - The investment involves subscribing to 461,539 yuan of the newly registered capital of Xingyi Chip Energy, based on a pre-investment valuation of 150 million yuan [4]. - The transaction has been approved by the company's management and does not require further board or shareholder approval [4]. - The partnership will focus on the research and production of CPI films and related products, leveraging both companies' technological and resource advantages [1][6]. Group 2: Market Opportunity - The collaboration aims to capture opportunities in the trillion-dollar market for low Earth orbit satellite networking and space computing [1][6]. - Multiple institutions, including Dongwu Securities and Guojin Securities, predict that the global space photovoltaic market will grow to a scale of trillions [6]. Group 3: Technical Aspects - CPI films are considered the "core foundation" of space photovoltaics, characterized by high transparency and lightweight properties, suitable for deployable solar wings [7]. - The current global production capacity for high-end CPI films is extremely tight, with space-grade CPI being even scarcer due to higher purity and stability requirements [7]. Group 4: Strategic Synergy - The partnership is expected to create synergies with the company's existing photovoltaic business, broadening the application scenarios of its products [6]. - The joint venture will be exclusive, with a board consisting of five directors, one of whom will be appointed by JunDa Co., Ltd. [6].