特别提示： 1、债券代码：123121 2、债券简称：帝尔转债 3、回售申报期：2026 年 1 月 13 日至 2026 年 1 月 19 日 | 证券代码：300776 | 证券简称：帝尔激光 | 公告编号：2026-009 | | --- | --- | --- | | 债券代码：123121 | 债券简称：帝尔转债 | | 武汉帝尔激光科技股份有限公司 关于帝尔转债回售结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 "帝尔转债"回售申报期已于 2026 年 1 月 19 日收市后结束，根据中国证券 登记结算有限责任公司深圳分公司提供的《回售申报汇总》，"帝尔转债"（债 券代码：123121）本次回售有效申报数量为 0 张，回售金额为 0 元（含息、税）。 公司无须办理向投资者支付回售资金等后续业务事项，本次回售业务已办理完毕。 本次回售不会对公司财务状况、经营成果、现金流量和股本结构等产生影响，不 会损害公司的债务履行能力和持续经营能力。 三、本次可转换公司债券回售的后续事项 根据相关规定，未回售的"帝尔转债"将继续在深圳证券交易所交易。 ...

东湖高新区是全国最早启动实施人才政策的地区之一。2009年以来，"3551光谷人才计划"在光电子信息、生物、环保节能、高端装备制造、现代服务业等5 大重点产业领域，累计吸引各层次人才近5000名，诞生了锐科激光、帝尔激光、禾元生物等一批"单项冠军"企业，形成了"引进一位、带动一批、培育一 群"的产业人才集聚效应。 新增文化领域人才举荐政策 1月20日，武汉光谷发布《东湖高新区3551人才举荐制实施办法》（下称"新政策"），旨在通过向用人主体放权、为人才松绑，强化用人单位在人才评价中 的主导地位，精准引进与培育一批引领产业升级、支撑科技创新、服务民生提质的高端人才。 AU21 D - NO TO W 东湖高新区组织部副部长李江介绍，新政策针对不同主体、不同场景的引才需求，构建了"绿色通道+快速通道+专向通道"的立体化举荐体系。其中，"绿色 通道"紧扣存量人才激励，支持产业部门择优遴选重点用人单位赋予人才举荐权，动态管理引才单位名录树立引才标杆；"快速通道"直击企业引才痛点，通 过政策前置助力用人单位增量人才引进，叠加"政府资金支持+企业条件保障"双重优势，提升人才落地效率；"专向通道"聚焦公共服务领域人才，首次 ...

Group 1 - China's submission of over 200,000 satellite constellation applications marks a significant expansion in the commercial space market, indicating a new phase of large-scale deployment [2][3] - The largest two constellations, CTC-1 and CTC-2, each consist of 96,714 satellites, suggesting a substantial increase in demand across satellite manufacturing and rocket launching sectors [2] - The commercial space sector is transitioning to a new stage characterized by large-scale deployment and capability upgrades, leading to a surge in demand for space photovoltaics [3] Group 2 - The demand for space photovoltaics is expected to grow significantly as the construction of low-orbit constellations moves from the "thousands" scale to "hundreds of thousands" and potentially "millions" in the coming decade [3] - Current mature technology includes gallium arsenide (GaAs) multi-junction batteries, which are high-performance but extremely costly, while silicon-based HJT batteries are seen as a key transitional solution for large-scale deployment [4] - Future potential technologies include perovskite and tandem batteries, which could achieve breakthroughs in efficiency and cost, although they currently face challenges in long-term stability [4] Group 3 - Key equipment suppliers in the space photovoltaic sector include Maiwei Co. (HJT production line equipment), High Measurement Co. (slicing machines), and Aotwei (module string welding equipment) [5] - Battery component manufacturers such as Yunda Co. and Trina Solar are actively developing next-generation space energy products, including collaborations on perovskite technology [5]

Summary of Key Points from Conference Call Industry Focus - The conference call emphasizes the **commercial aerospace industry**, particularly highlighting the significance of **3D printing** and **space photovoltaics** as core components of this sector [1][2][3]. Core Insights and Arguments - **3D Printing in Aerospace**: - 3D printing is identified as one of the highest value segments in commercial aerospace, with the potential to account for over **40%** of the value of a single rocket [1][2]. - The market for 3D printing is vast due to its advantages in **lightweight design** and **cost reduction**, with further penetration expected in the industry [1][2]. - SpaceX has been a pioneer in this area, having utilized 3D printing technology in its Dragon spacecraft since **2013**, and the majority of components in the Raptor 3 engine are now 3D printed, significantly enhancing performance [1][2]. - **Space Photovoltaics**: - Space photovoltaics are highlighted as a crucial direction for applications in commercial aerospace [3]. - The introduction of computing satellites is expected to create at least **100 GW** of new installations in space photovoltaics, with competitive technology routes including **p-HJT**, **p-XBC**, and **perovskite** [4]. - The value of equipment in this sector is projected to significantly exceed that of current terrestrial photovoltaics [4]. Recommendations for Investment - The call recommends focusing on several companies within the 3D printing and space photovoltaics sectors: - **3D Printing**: Companies such as Jiangshun Technology (DED multi-metal printing), Platinum Technology, Huazhu High-Tech, Yinbang Shares, Feiwo Technology, Jinchengzi, and Ruike Laser are highlighted as key players [4]. - **Space Photovoltaics**: Companies like Maiwei Shares (direct beneficiaries), Jiejia Weichuang (leader in perovskite equipment), and Dier Laser (multiple laser technologies compatible with p-type BC, HJT, and ultra-thin space battery demands) are recommended [4]. - Additionally, companies with low valuations and stable main businesses such as China International Marine Containers, CIMC Enric, Hangyang Co., Anhui Heli, and Hengli Hydraulic are suggested for investment [4]. Other Important Insights - The call indicates that the **industrialization** of these technologies is accelerating, with a focus on factory audits and feedback from audited companies [4].

Investment Rating - The report rates the commercial aerospace and photovoltaic equipment industry as "Overweight" [4]. Core Insights - The commercial aerospace sector is entering a new phase characterized by large-scale deployment and capability upgrades, leading to increased demand for space photovoltaic systems. The application for over 200,000 satellites in China marks a transition from "thousands" to "tens of thousands" and even "millions" of satellites, indicating a super cycle in satellite manufacturing and launching over the next decade, which will drive long-term, large-scale demand for satellite energy systems, specifically space photovoltaics [4]. - The extreme conditions in space (high radiation, large temperature differences, vacuum) necessitate stringent requirements, leading to continuous iterations in space photovoltaic technology. The current mature solution is gallium arsenide (GaAs) multi-junction cells, which have high conversion efficiency (generally exceeding 30%) and good radiation resistance, but are extremely expensive and have limited production capacity. The short to medium-term scalable path is the HJT (Heterojunction) battery, which is more cost-effective for mass production despite lower absolute efficiency and radiation resistance compared to GaAs. Long-term potential directions include perovskite and tandem batteries, which have high theoretical efficiency limits and lightweight properties, but face challenges in long-term stability [4]. - Key equipment suppliers to focus on include Maiwei Co., Ltd. (HJT production line equipment), High Measurement Co., Ltd. (integrated slicing and processing services), Aotwei (module string welding equipment), and others. Battery module manufacturers include Yunda Co., Ltd. (collaborating on perovskite technology applications) and Trina Solar [4]. Summary by Sections Industry Overview - The commercial aerospace market in China is expected to expand significantly due to the submission of over 200,000 satellite constellation applications, which will stimulate demand across multiple segments including satellite manufacturing and rocket launching [2]. Technology Development - The report highlights the transition from traditional satellite power supply units to essential energy infrastructure for future space economies, driven by advancements in space computing and AI data centers powered by space photovoltaics [4]. Key Companies and Valuations - The report provides a valuation table for key companies in the industry, including Maiwei Co., Ltd. with a market cap of 66.5 billion and projected net profits for 2026 of 970 million, and others like Aotwei and High Measurement with varying financial forecasts [5].

| 证券代码：300776 | 证券简称：帝尔激光 | 公告编号：2026-008 | | --- | --- | --- | | 债券代码：123121 | 债券简称：帝尔转债 | | 武汉帝尔激光科技股份有限公司 1、债券代码：123121 2、债券简称：帝尔转债 权利。因此，《武汉帝尔激光科技股份有限公司向不特定对象发行可转换公司债 券募集说明书》约定的"帝尔转债"附加回售条款生效。具体详见公司于 2026 年 1 月 12 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于帝尔转债回售的 第一次提示性公告》（公告编号：2026-004）。 根据《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》 的规定，可转债实施回售的，应当暂停可转债转股。经向深圳证券交易所申请， "帝尔转债"在回售申报期间暂停转股，暂停转股期为五个交易日，即 2026 年 1 月 13 日（星期二）至 2026 年 1 月 19 日（星期一）期间内暂停转股。 根据相关规定，"帝尔转债"将在本次回售申报期结束的次一交易日，即 2026 年 1 月 20 日（星期二）起恢复转股。敬请公司可转债持有人留意。 ...

Group 1 - The A-share market experienced fluctuations on January 19, with the ChiNext New Energy ETF Huaxia (159368) slightly declining by 0.26% in the afternoon [1] - Notable stock performances included Taisheng Wind Power rising by 13.19%, Maiwei Co. increasing by 9.61%, Yingjie Electric gaining 8.07%, and Dier Laser up by 4.91% [1] - The ChiNext New Energy ETF Huaxia (159368) has seen a net inflow of over 51 million yuan in the past five days, with a trading volume of 99.48 million yuan, making it the largest in its category [1] Group 2 - On January 16, six departments, including the Ministry of Industry and Information Technology and the National Development and Reform Commission, released a temporary management measure for the recycling and comprehensive utilization of used power batteries for new energy vehicles, effective from April 1, 2026 [1] - The core of the new regulation emphasizes a "vehicle-battery integrated scrapping" system, aiming to establish a management system covering "all channels, all chains, and all life cycles" and to introduce a "digital identity" for power batteries [1] - According to research institutions, it is estimated that by 2030, the amount of used power batteries generated in China will exceed 1 million tons, highlighting the need for a structured recycling system [1] Group 3 - The ChiNext New Energy ETF Huaxia (159368) is the largest ETF fund tracking the ChiNext New Energy Index, which includes various sectors such as batteries and photovoltaics [2] - The fund has high elasticity, with a potential increase of up to 20%, and the lowest fee rate, with a combined management and custody fee of only 0.2% [2] - As of December 30, 2025, the fund's scale is projected to reach 676 million yuan, with an average daily trading volume of 70.75 million yuan over the past month [2]

Investment Rating - The report indicates a positive outlook for the power equipment industry, particularly in the renewable energy sector, with significant investments and technological advancements expected to drive growth [1][2][4]. Core Insights - The report highlights that the State Grid's investment during the "14th Five-Year Plan" period is projected to reach 4 trillion yuan, marking a 40% increase compared to the previous plan [2]. - The report emphasizes the stability in polysilicon prices and the continuous rise in battery component prices, with N-type battery prices increasing to 0.40 yuan per watt [15][16]. - The report identifies three key areas of focus: supply-side reform leading to price increases in the industry chain, long-term growth opportunities from new technologies, and industrialization opportunities from perovskite GW-level layouts [16]. Summary by Sections 1. New Energy Generation 1.1 Photovoltaics - Polysilicon prices remain stable, while battery component prices are on the rise, with N-type battery prices reaching an average of 0.40 yuan per watt [15]. - The report notes that leading component companies are responding to industry self-discipline by raising component prices, with distributed sales prices reaching 0.72 yuan per watt [15][16]. - Key companies to watch include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar [16]. 1.2 Wind Power & Grid - The UK AR7 offshore wind auction results exceeded expectations, with a total scale of approximately 8.4GW, validating the upward trend in European offshore wind [17]. - The State Grid's investment is expected to enhance transmission capacity significantly, addressing bottlenecks in renewable energy delivery [18]. - Companies to focus on include Goldwind, Yunda Wind Power, Mingyang Smart Energy, and Sany Heavy Energy [18]. 1.3 Hydrogen & Energy Storage - By 2025, the production and sales of fuel cell vehicles in China are projected to reach 7,797 units, reflecting a 44% year-on-year increase [20]. - The report anticipates that new energy storage installations will reach 58.6GW/175.3GWh by 2025, with significant growth expected in the energy storage sector [21]. - Key players in the hydrogen sector include Shuangliang Energy, Huadian Heavy Industries, and Shenghui Technology [20]. 2. New Energy Vehicles - Solid-state batteries are gaining traction, with several automakers making progress towards mass production by 2026 [29]. - Companies such as BYD, Changan Automobile, and Chery are expected to achieve significant milestones in solid-state battery technology [29]. - The report suggests monitoring companies like Xiamen Tungsten, Hailiang Co., and Nanjing Advanced Lithium Battery [29]. 3. Industry Trends - The report notes a 0.4% increase in the new energy equipment sector from January 12 to January 16, 2026, with a cumulative increase of 5.3% since the beginning of the year [12]. - The photovoltaic equipment sector saw a 3.52% increase, while the wind power equipment sector experienced a decline of 1.28% during the same period [13].

| 证券代码：300776 | 证券简称：帝尔激光 | 公告编号：2026-007 | | --- | --- | --- | | 债券代码：123121 | 债券简称：帝尔转债 | | 6、回售申报期内"帝尔转债"暂停转股。 7、"帝尔转债"持有人有权选择是否进行回售，本次回售不具有强制性。 武汉帝尔激光科技股份有限公司 关于帝尔转债回售的第三次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、回售价格：101.103 元/张（含息、税） 2、回售申报期：2026 年 1 月 13 日至 2026 年 1 月 19 日 3、发行人资金到账日：2026 年 1 月 22 日 4、回售款划拨日：2026 年 1 月 23 日 5、投资者回售款到账日：2026 年 1 月 26 日 8、在回售资金到账日之前，如持有的本期债券发生司法冻结或划扣等情形， 债券持有人本次回售申报业务失效。 9、风险提示：投资者选择回售等同于以 101.103 元/张（含息、税）卖出持 有的"帝尔转债"。截至目前，"帝尔转债"的收盘价格高于本次回售价格，投 资者 ...

2025年，武汉高端装备产业规模突破2500亿元，同比增长19%，在商业航天、低空经 济、工业母机等关键领域多点突破，应用场景深度拓展，产业生态日趋完善，为城市高质量 发展筑牢硬核支撑。 场景牵引赋能，多元领域深度渗透。武汉坚持以应用场景带动产业发展，推动高端装备 在多领域落地生根。智能制造装备领域，华中数控中高档数控系统、华工激光三维五轴激光 切割装备市占率全国第一，高德红外、帝尔激光等企业产品保持全球或国内领先水平；绿色 智能船舶领域，50艘智能电动游艇在东湖等景区开展"绿色智能游船+文旅"示范；轨道交通 装备的智能运维、永磁牵引系统广泛应用于武汉多条地铁线路。商业航天领域，8个项目入 选省级卫星应用示范项目，覆盖地质勘探、灾害预警等多元场景；低空经济领域，电鹰科 技、旭日蓝天等企业开通11条商业试点航线，普宙科技"低空数据赋能城市治理"项目入选国 家级典型案例，建成全国首个低空共享无人机应用示范区；能源装备领域，中石化氢能机械 公司装备在鄂渝川氢能大走廊实现产业化应用。 武汉支持国家航天产业基地等商业航天集聚区建设，推动8个区建设省级低空经济综合 试验区，为产业集聚提供坚实空间。武汉落实工业母机企业研发 ...