Zhi Tong Cai Jing·2026-01-23 02:30Group 1 - The photovoltaic stocks have seen a significant increase, with notable gains from companies such as KaiSheng New Energy (6.04% increase), Fuyao Glass (5.57% increase), and Xinyi Solar (3.41% increase) [1] - Shenwan Hongyuan's report highlights that China has submitted over 200,000 satellite constellation applications, marking a new phase of large-scale deployment in commercial space, which will directly drive long-term demand for space photovoltaics [1] - The space photovoltaic sector is expected to undergo a technological evolution from high-efficiency gallium arsenide to scalable silicon-based HJT, and eventually to perovskite tandem cells [1] Group 2 - Dongxing Securities indicates that if the concept of space data centers is realized, referencing Elon Musk's proposed 100GW space computing power layout, it could lead to a direct demand for over 800GW of space photovoltaic installations based on a 30% conversion efficiency [1] - Great Wall Securities believes that the domestic commercial space sector is entering a collective acceleration phase, with a focus on the perovskite tandem route to enhance product performance and cost efficiency, providing a significant advantage for future advancements [2] - The space photovoltaic industry is poised for substantial market expansion and restructuring opportunities following the recent experiences in low Earth orbit [2]