2026年1月28日，天合绿建在江苏常州隆重举行"聚势共创.2026天合绿建生态伙伴大会"。本次大会汇聚了来自全国各地的生态伙伴，共同回顾2025年，展望 2026年，携手推进BIPV光伏建筑一体化产业的规模化、高质量发展。 迎接机遇：聚焦BIPV，共话行业趋势与技术创新 据2024—2025年全球建筑现状报告数据显示，建筑领域占全球碳排放约34%，是实现"双碳"目标的关键突破口。在政策与市场的双重驱动下，BIPV正从"鼓 励"走向"强制"：欧盟已出台分阶段强制安装时间表，美国加州也将光伏系统纳入新建建筑标准。中国更是积极出台相关政策，鼓励BIPV光伏建筑一体化的 安装与应用。基于行业深度洞察，天合绿建副总经理胡港生表示，天合绿建将以"渠道合作2.0"为策略目标，通过多场景响应、技术赋能与市场推广等手 段，全面支持渠道伙伴开拓市场，储备案例，提升影响力，与合作伙伴共创业务跃迁成果。 会议伊始，天合绿建总经理牛勇在欢迎致辞中表示："过去一年，在行业变革与市场挑战交织的背景下，大家携手并肩，开拓尝试，突破创新，共同书写了 在BIPV领域的一段历程，虽然不易，但仍是具有重要意义的沉淀。回首2025，对天合绿建而言是 ...

Core Viewpoint - Solar stocks experienced a significant rise in the afternoon trading session, driven by rumors of Elon Musk's team visiting multiple Chinese solar companies for potential collaboration and technology assessment [1] Group 1: Stock Performance - JunDa Co., Ltd. (02865) saw an increase of 10.39%, reaching HKD 50.45 [1] - GCL-Poly Energy Holdings Limited (03800) rose by 4.76%, trading at HKD 1.1 [1] - Xinyi Solar Holdings Limited (00968) increased by 4.34%, priced at HKD 3.61 [1] - Flat Glass Group Co., Ltd. (06865) gained 2.41%, with a share price of HKD 11.47 [1] Group 2: Market Rumors and Investigations - Reports indicated that Elon Musk's team conducted secret visits to various Chinese solar enterprises, focusing on equipment, silicon wafers, and battery components, particularly those utilizing heterojunction and perovskite technologies [1] - A representative from JinkoSolar, a leading solar module manufacturer, confirmed contact with Musk's investigation team, noting that the team inquired about the company's technological capabilities and production equipment, although specific collaboration intentions were not disclosed [1] - The representative also mentioned that other major domestic solar companies were similarly approached for assessments [1]

创业板新能源ETF鹏华紧密跟踪创业板新能源指数，创新能源指数反映深交所创业板市场新能源产业上 市公司的运行特征。 数据显示，截至2026年1月30日，创业板新能源指数(399266)前十大权重股分别为宁德时代、阳光电 源、汇川技术、亿纬锂能、先导智能、迈为股份、罗博特科、捷佳伟创、欣旺达、晶盛机电，前十大权 重股合计占比62.49%。 创业板新能源ETF鹏华（159261）、科创新能源ETF（588830）、光伏ETF鹏华（159863） 光伏近期迎来密集催化，消息面上，特斯拉与SpaceX计划在三年内分别建设约100吉瓦光伏制造产能， 目前特斯拉团队已在中国光伏产业链展开密集审厂。 中金公司认为，当前中国光伏制造厂商正积极布局空间环境下的高效晶硅、钙钛矿技术，其中具备在轨 验证能力与产线落地能力的企业有望获得一定先发优势、率先释放成长弹性。 截至2026年2月4日 11:30，创业板新能源指数(399266)成分股方面涨跌互现，中来股份领涨20.00%，晶 盛机电上涨13.26%，首航新能上涨6.29%；英杰电气领跌。创业板新能源ETF鹏华(159261)最新报价1.6 元。 ...

Group 1 - The core viewpoint of the article highlights the surge in market attention towards domestic photovoltaic (PV) industry, catalyzed by Elon Musk's comments regarding the construction of a space solar AI data center and a 200GW photovoltaic capacity plan [1] - Musk's team has reportedly conducted secret visits to multiple Chinese photovoltaic companies, focusing on equipment, silicon wafers, and battery components, with particular interest in heterojunction and perovskite technology routes [1] - A photovoltaic company confirmed the interactions with Musk's team, stating that the details of the visit need to remain confidential [1]

格隆汇2月3日丨晶科能源(688223.SH)近日在分析师会议及路演活动中表示，光伏是太空场景长效能源 的未来趋势，太空光伏能量密度较地面提升7-10倍，发电小时数较地面提升4-7倍，且不占用土地资 源。据相关第三方机构数据报告,太空光伏有望开辟一个万亿级别增量应用场景。相比于砷化镓，钙钛 矿在效率和未来的效率增长上、适应太空极端环境、轻质柔性和成本端具备优势。未来若钙钛矿技术能 够突破，对太空光伏的应用会产生较大的提升。 ...

整体而言，公司在钙钛矿设备领域已与多类头部客户建立了实质性合作，并在研发协同、中试验证及本 地化服务等方面持续深化布局。 格隆汇1月30日丨ST京机(000821.SZ)近日接受特定对象调研时表示，公司在钙钛矿设备领域的核心客户 主要可归纳为以下几类。第一类是具备强大资本实力或融资能力的大型企业，公司一直在与其保持密切 的业务合作和技术交流；第二类是传统光伏龙头企业，这些企业原本就是我司晶硅设备的重要客户，合 作自然延伸至钙钛矿设备领域。目前，这类客户主要关注钙钛矿技术在晶硅电池领域的补充性应用。 ...

整体而言，公司在钙钛矿设备领域已与多类头部客户建立了实质性合作，并在研发协同、中试验证及本 地化服务等方面持续深化布局。 格隆汇1月30日丨ST京机(000821.SZ)近日接受特定对象调研时表示，公司在钙钛矿设备领域的核心客户 主要可归纳为以下几类。第一类是具备强大资本实力或融资能力的大型企业，公司一直在与其保持密切 的业务合作和技术交流；第二类是传统光伏龙头企业，这些企业原本就是我司晶硅设备的重要客户，合 作自然延伸至钙钛矿设备领域。目前，这类客户主要关注钙钛矿技术在晶硅电池领域的补充性应用。 ...

Core Viewpoint - The photovoltaic (PV) sector is experiencing robust growth in both domestic and international demand, leading to increased attention from institutions [1] Domestic Demand - From January to October 2025, China's newly installed photovoltaic capacity is expected to reach approximately 252.87 GW, representing a year-on-year increase of 39.5%, with rapid growth observed in the first five months [1] International Demand - During the same period, exports of silicon wafers, battery cells, and modules have increased by 8.3%, 91.4%, and 6% year-on-year, respectively [1] Supply Side Adjustments - Production adjustments have been noted on the supply side, with a year-on-year decline in the output of polysilicon and silicon wafers, while battery cell and module production has increased year-on-year [1] Price Recovery and Profitability - The price recovery in the industry has led to improved profitability, with year-on-year increases in polysilicon and module prices, and a significant reduction in losses for major industry players in the third quarter compared to the second quarter [1] Policy Support - The government is promoting the integrated development of new energy, encouraging innovative applications such as building-integrated photovoltaics and "light-storage-direct-flexible" solutions [1] Future Outlook - Starting from April 1, 2026, the export tax rebate for photovoltaic products will be canceled, which may impact the market dynamics [1] - Under the "West-to-East Electricity Transmission" initiative, the application fields for photovoltaic products are expected to expand, with potential innovations in technologies like HJT and perovskite in commercial aerospace scenarios [1] ETF Overview - The photovoltaic 50 ETF (159864) tracks the photovoltaic industry index (931151), which includes listed companies across the entire industry chain, from upstream silicon materials to downstream photovoltaic power station construction and operation [1]

Core Viewpoint - BOE Technology Group has reported positive developments in its LCD and AMOLED production lines, with increased demand and pricing in the TV segment, alongside advancements in perovskite solar cell technology and glass-based packaging substrates. Group 1: LCD and AMOLED Production - Since December 2025, the demand for TV products has surged due to preparations for upcoming sports events, leading to increased procurement by brand manufacturers and higher TV product shipment volumes [1][3] - The industry maintains a "just-in-time production" strategy, resulting in high overall utilization rates, with mainstream TV product prices rising across all sizes in January 2026 [3] - The 8.6-generation AMOLED production line was successfully lit up on December 30, 2025, five months ahead of schedule, and is expected to enter mass production in the second half of 2026, enhancing the company's competitiveness in the display industry [4] Group 2: Depreciation and Capital Expenditure - The depreciation of existing production lines is continuously decreasing, with the depreciation amount expected to peak in 2025 [5] - 2025 marks the peak year for capital expenditures, primarily for the 8.6-generation AMOLED production line in Chengdu and the 6th generation LCD LTPO/LTPS production line in Beijing, with continued investment in the Chengdu project in 2026 and a significant decline in capital expenditures anticipated starting in 2027 [6] Group 3: Perovskite Solar Cell and Glass-Based Packaging - The company is leveraging its technological and manufacturing advantages in the display industry to develop perovskite solar cells, achieving industry-leading efficiency levels and setting four world records in component efficiency through third-party testing [2][8] - The company has completed the construction of a pilot line for large glass substrates and is initiating technical and product development collaborations with leading domestic and international clients [8]

Economic Performance - In the first three quarters of 2025, Kunshan's GDP reached 395.898 billion yuan, with a year-on-year growth of 6.0%, surpassing both Suzhou and the provincial average [1] - The total import and export volume for the year remained stable at 100 billion USD, marking a historical high [1] - The industrial output value of large-scale enterprises exceeded 1.3 trillion yuan, and 44,000 new business entities were established, including over 2,900 industrial companies [1] Industrial Development - Kunshan is committed to building a modern industrial system, focusing on traditional, emerging, and future industries, with a strategic emphasis on "core industries+" and "green low-carbon+" initiatives [4] - The city plans to invest 22.32 billion yuan in 141 major industrial projects in 2025, covering areas such as smart manufacturing and new energy vehicle components [5] - Kunshan's GCL-Poly Energy Holdings has achieved a breakthrough in perovskite solar cell technology, with a conversion efficiency of 29.51% for large-area modules, setting a world record [3] Foreign Trade and Investment - Kunshan has actively engaged in international trade, with 42 delegations sent abroad for investment promotion since last year [7][10] - The establishment of a foreign trade task force has helped 284 key enterprises receive dedicated support, addressing challenges related to orders, logistics, and funding [8][9] - Notable foreign investments include a 15 million USD increase from Avery Dennison (China) for smart factory and green factory construction, facilitated by tax incentives [9] Talent and Innovation - Kunshan has been recognized as "China's Best Talent City" for three consecutive years, reflecting its appeal to talent from various backgrounds [16] - The city offers substantial financial support for talent projects, including up to 30 million yuan for innovation teams and free workspaces for entrepreneurs [16] - The integration of local and foreign talent has contributed to a vibrant community, with over 210,000 foreign residents and 100,000 Taiwanese businesspeople living in Kunshan [17]