Zheshang Securities(SH:601878) 智通财经网·2026-02-11 08:39Core Insights - The commercialization of space photovoltaics is accelerating due to breakthroughs in commercial space technology and a significant reduction in launch costs, with perovskite solar cells emerging as a leading choice for space applications due to their high efficiency and low cost potential [1][2] Group 1: Industry Trends - 2026 is identified as a critical turning point for the commercialization of space photovoltaics and perovskite technology, driven by companies like SpaceX enhancing space infrastructure and the ground-based perovskite battery technology reaching GW-level production [2] - Successful implementation of multiple in-orbit verification projects has validated the reliability of perovskite batteries in space environments [2] Group 2: Investment Focus - Focus on the core segments of the perovskite industry chain, following the "materials-equipment-battery/components" logic for investment [3] - Material breakthroughs are essential, with new packaging materials, flexible substrates, and conductive glass being key to achieving lightweight, flexible, and long-lasting perovskite batteries, presenting high technical barriers and growth potential [3] - Equipment suppliers are expected to benefit first from the industrialization of new technology routes, highlighting the importance of companies with core technologies in PVD, laser, and packaging for perovskite-specific equipment [3] - Battery/component manufacturers that master core perovskite technologies will be the backbone of the industry chain, with a focus on those achieving breakthroughs in efficiency, large-scale production, and stability, as well as establishing partnerships with space agencies [3]