[热闻寻踪]股价暴涨，订单成谜：太空光伏概念股究竟谁在“裸泳”？

Core Viewpoint - The A-share space photovoltaic concept stocks are gaining market attention due to Elon Musk's ambitious plan for "100 GW space photovoltaics" by early 2026 and the exposure of 200,000 low-orbit satellite applications in China, raising demand expectations from "billion-level" to "trillion-level" [1] Industry Overview - The space photovoltaic industry traces back to the mid-20th century space race and is now moving towards industrialization with the rise of commercial aerospace [1] - The global space photovoltaic industry is still in its introduction phase, with emerging technology paths and market structures [1] Technology Pathways - The technology landscape shows a "three generations coexist" trend: - Short-term: GaAs batteries dominate (approximately 1000 RMB/W), suitable for high-value communication satellites - Mid-term: P-type HJT heterojunction batteries are penetrating the low-orbit satellite market due to lower costs and lightweight advantages - Long-term: Focus on perovskite tandem batteries, with theoretical efficiency exceeding 45% and costs only 1/10 of GaAs, though stability and radiation resistance need verification [1] Market Potential - The satellite launch volume is expected to surge, with an estimated 50,000 launches annually by 2040, leading to a projected space photovoltaic battery market size of 328.8 billion RMB by 2035, over 30 times current levels [2] Company Insights - Lens Technology: The company has matured its UTG flexible glass manufacturing process and is in deep technical validation with clients for space photovoltaic applications, aiming to become a new growth driver [2] - JinkoSolar: The company sees potential in perovskite and TOPCon/perovskite tandem batteries for space applications, with a record battery conversion efficiency of 34.76% [4] - GCL-Poly: The company has significant technical reserves in HJT technology and has delivered over 10 GW of ultra-low carbon HJT products, which are suitable for space applications due to their lightweight and radiation resistance [5] - Trina Solar: The company has a long-term layout in crystalline silicon batteries, perovskite tandem batteries, and III-V GaAs multi-junction batteries, achieving leading R&D results [10] - Canadian Solar: The company has solid production capabilities in HJT and perovskite tandem technologies and is tracking opportunities in the commercial aerospace market [11] Research and Development - Companies are actively exploring R&D plans for space photovoltaic applications, with some already conducting tests on flexible glass for space solar cells [8] - The industry is focusing on developing high-conductivity silver pastes and lightweight, flexible, and tandem battery structures to meet aerospace demands [6]