Group 1 - The core viewpoint of the article highlights that Jiaxing Artes Technology Research Institute Co., Ltd. has applied for a patent related to solar cell technology, indicating a focus on innovation in the photovoltaic sector [1] - The patent application, titled "Solar Cell and Its Preparation Method, Photovoltaic Module," was filed on July 2025 and is aimed at enhancing solar energy technology [1] - The company is involved in the power and heat production and supply industry, with a registered capital of 31 million RMB, showcasing its financial commitment to the energy sector [1] Group 2 - Jiaxing Artes Technology Research Institute has participated in 99 bidding projects and holds 256 patent records, reflecting its active engagement in research and development [1] - The company has obtained 8 administrative licenses, indicating compliance with regulatory requirements and operational legitimacy [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected investment return exceeding the market benchmark by more than 15% over the next 6-12 months [4][15]. Core Views - The company achieved steady revenue growth, with H1 2025 revenue reaching 1.17 billion yuan, a year-on-year increase of 29.2%, and a net profit of 327 million yuan, up 38.37% year-on-year [1]. - The company has made significant technological breakthroughs in the BC battery sector, particularly in laser micro-etching technology, which has replaced traditional photolithography processes, thereby reducing costs and enhancing production efficiency [4]. - The company is expected to continue its growth trajectory, with projected net profits of 615 million yuan, 675 million yuan, and 717 million yuan for 2025, 2026, and 2027, respectively [4]. Financial Performance - In H1 2025, the company's laser processing equipment for batteries generated revenue of 1.156 billion yuan, a 29.64% increase year-on-year, with a gross margin of 47.57% [2]. - The company has effectively controlled costs during the industry downturn, reducing its expense ratio by 6.05 percentage points to 13.84% [2]. - As of the end of Q2 2025, the company's contract liabilities decreased by 17.09% year-on-year to 1.58 billion yuan, primarily due to slowed capital expenditures in the downstream sector [3]. Research and Development - The company maintained high R&D investment levels, with H1 2025 R&D expenses amounting to 121 million yuan, accounting for 10.31% of revenue [4]. - The company achieved breakthroughs in the photovoltaic sector, enhancing the quality and efficiency of component production through innovative laser welding solutions [4]. Profitability and Valuation - The company is projected to have a P/E ratio of 34 for 2025, with expected revenue growth rates of 15.10% for 2025 and 5.28% for 2026 [5][4]. - The report forecasts a steady increase in net profit margins, with a projected return on equity (ROE) of 15.47% for 2025 [5][13].

Core Insights - Anhui Qianjing Yuchen New Energy Co., Ltd. has obtained a patent for a "new type of high water-resistant photovoltaic backplane," which addresses water resistance issues in existing heterojunction single-glass photovoltaic modules [1] Company Overview - Anhui Qianjing Yuchen New Energy Co., Ltd. was established in 2022 and is located in Huainan City, primarily engaged in the manufacturing of electrical machinery and equipment [1] - The company has a registered capital of 120 million RMB and has made investments in one other company, participated in two bidding projects, and holds 21 patents along with 10 administrative licenses [1] Patent Details - The patent, authorized under announcement number CN223212083U, was applied for on October 2024 and includes a design with multiple layers: a first fluorine film layer, a first butyl rubber layer, a PET layer, an adhesive layer, and a second fluorine film layer [1] - The total thickness of the first butyl rubber layer and the adhesive layer does not exceed 2mm, enhancing both water resistance and moisture leakage capabilities of the backplane [1]

Group 1 - The core viewpoint of the news is that JA Solar (Yangzhou) Technology Co., Ltd. has applied for a patent related to perovskite solar cells, aiming to improve the photoelectric conversion efficiency of these cells [1] - The patent application, titled "A Perovskite Photovoltaic Cell and Its Preparation Method, Stacked Battery," was filed on April 2025 and has been published with the number CN120456721A [1] - The perovskite solar cell includes a perovskite light-absorbing layer and a hole transport layer stacked on one side of the perovskite layer, which contains hole transport materials and phenyl sulfonates [1] Group 2 - JA Solar (Yangzhou) Technology Co., Ltd. was established in 2006 and is located in Yangzhou, primarily engaged in the manufacturing of computers, communications, and other electronic devices [2] - The company has a registered capital of 634,087.0275 thousand RMB and has invested in five enterprises while participating in 159 bidding projects [2] - The company holds 12 trademark registrations and 461 patent records, along with 127 administrative licenses [2]

金融界2025年8月4日消息，国家知识产权局信息显示，浙江爱旭太阳能科技有限公司、广东爱旭科技有 限公司、天津爱旭太阳能科技有限公司、深圳爱旭数字能源技术有限公司、珠海富山爱旭太阳能科技有 限公司、山东爱旭太阳能科技有限公司、滁州爱旭太阳能科技有限公司取得一项名为"太阳能电池及电 池组件"的专利，授权公告号CN223182591U，申请日期为2024年09月。 深圳爱旭数字能源技术有限公司，成立于2022年，位于深圳市，是一家以从事零售业为主的企业。企业 注册资本65000万人民币。通过天眼查大数据分析，深圳爱旭数字能源技术有限公司共对外投资了2家企 业，参与招投标项目1次，财产线索方面有商标信息25条，专利信息459条，此外企业还拥有行政许可8 个。 珠海富山爱旭太阳能科技有限公司，成立于2021年，位于珠海市，是一家以从事电力、热力生产和供应 业为主的企业。企业注册资本450000万人民币。通过天眼查大数据分析，珠海富山爱旭太阳能科技有限 公司参与招投标项目107次，专利信息1038条，此外企业还拥有行政许可314个。 山东爱旭太阳能科技有限公司，成立于2023年，位于济南市，是一家以从事其他制造业为主的 ...

Core Insights - A group of companies under the name "爱旭" has obtained a patent for a technology related to back-contact solar cell components and photovoltaic systems, indicating a focus on innovation in the solar energy sector [1] Group 1: Patent Information - The patent titled "背接触电池组件及光伏系统" was authorized with announcement number CN223168612U, and the application date was August 2024 [1] - The patent describes a configuration involving first and second battery strings and a junction box, designed to optimize space for installation [1] Group 2: Company Profiles - Zhejiang Aisxu Solar Technology Co., Ltd. was established in 2016 with a registered capital of 5691.89 million RMB, focusing on electrical machinery and equipment manufacturing, and has 1869 patent records [2] - Zhuhai Fushan Aisxu Solar Technology Co., Ltd. was founded in 2021 with a registered capital of 4500 million RMB, primarily engaged in power and heat production, holding 1028 patents [2] - Guangdong Aisxu Technology Co., Ltd. was established in 2009 with a registered capital of 2823.47 million RMB, also in electrical machinery manufacturing, with 1752 patents [2] - Tianjin Aisxu Solar Technology Co., Ltd. was founded in 2018 with a registered capital of 1300 million RMB, focusing on chemical raw materials manufacturing, holding 1185 patents [3] - Shenzhen Aisxu Digital Energy Technology Co., Ltd. was established in 2022 with a registered capital of 650 million RMB, primarily in retail, with 454 patents [3] - Chuzhou Aisxu Solar Technology Co., Ltd. was founded in 2024 with a registered capital of 500 million RMB, focusing on technology promotion and application services, holding 151 patents [3] - Shandong Aisxu Solar Technology Co., Ltd. was established in 2023 with a registered capital of 4500 million RMB, engaged in other manufacturing, with 139 patents [4]

Group 1 - JinkoSolar has been awarded the highest "AAA" rating by PV Tech for the second consecutive quarter, achieving a score of 9.6, the highest globally, reinforcing its leading position in the photovoltaic industry [1] - The company has maintained its top position in global module shipments, with a cumulative shipment of over 320GW by the end of Q1 2025, and has been the global leader in module shipments for six consecutive quarters [1] - In the first half of 2025, JinkoSolar achieved a shipment volume of over 41GW, further solidifying its market leadership [1] Group 2 - JinkoSolar plans to strengthen its global market position with the launch of the new Tiger Neo 3.0 module, which features advanced N-type TOPCon technology, with a maximum power output of 670W and an efficiency of 24.8% [2] - The Tiger Neo 3.0 module boasts a high bifacial rate of 85%-90% and a back-side energy gain of 10%-30% in high-reflective ground scenarios, contributing to optimized levelized cost of electricity [2] - The module has a low temperature coefficient of -0.26%, with first-year degradation below 1% and an average annual linear degradation of only 0.35%, ensuring high returns over its lifecycle [2]

Group 1 - The core achievement in solar technology is the development of perovskite micro-modules by NREL and CubicPV, which have achieved a world record efficiency of 24.0% for photovoltaic conversion [1] - The performance of the photovoltaic industry is reflected in the 中证光伏产业指数 (CSI Photovoltaic Industry Index), which has seen a decline of 0.58% as of July 15, 2025, with mixed performance among constituent stocks [1] - The top-performing stocks include 横店东磁 (9.98% increase), 科华数据 (6.85% increase), and 罗博特科 (1.75% increase), while the worst performers include 协鑫集成 (4.83% decrease) and 双良节能 (3.98% decrease) [1] Group 2 - As of June 30, 2025, the top ten weighted stocks in the CSI Photovoltaic Industry Index account for 55.39% of the index, with major companies including 阳光电源, 隆基绿能, and TCL科技 [2]

Group 1 - The core achievement is the development of perovskite micro-modules with a certified photovoltaic conversion efficiency of 24.0%, setting a new world record in the field [1] - The micro-generating device consists of multiple interconnected units, indicating a significant advancement in photovoltaic technology [1]

Core Insights - The forum on space solar power stations was held in Beijing, focusing on key innovative technologies and applications in the field [1] - Experts from various disciplines discussed technological routes, new production capabilities, and innovative models to promote collaboration among researchers and support national industrial upgrades [1] Group 1: Key Presentations - Li Ming presented on the technological innovations and applications of space solar power stations, outlining China's preliminary plans and key technological achievements [3] - Huang Kama discussed significant advancements in microwave wireless energy transmission technology and its applications, including multi-target microwave charging solutions [3] - Ding Jianning provided an overview of the current status and future trends of photovoltaic technology, highlighting breakthroughs in new battery technologies and flexible components [3] - Liu Rongqiang summarized the composition and deployment principles of large space structures, discussing future development trends in construction technology [3] - Liu Zhigang addressed the demand for ultra-high power and high-voltage space power systems, presenting key technologies and research outcomes in this area [3] Group 2: High-Level Paper Discussions - Young scholars presented on topics such as optimization of microwave energy transmission systems, dynamics of large space structures, and efficient solar cells for space applications [4]