每经AI快讯，有投资者在投资者互动平台提问：希望公司要利用公司技术先机，主动沟通对接上下 游，抢占千亿市场先机。同时公司也可以多举办一些钙釱矿电池装备的展览会。提升公司影响力。争取 早日实现钙釱矿大规模商业化落地。 （文章来源：每日经济新闻） 捷佳伟创（300724.SZ）11月17日在投资者互动平台表示，公司在钙钛矿设备领域紧跟技术发展和客户 需求，自建钙钛矿电池中试线，推动电池装备、电池技术等方面不断创新持续突破；公司具备提供钙钛 矿电池整线设备及工艺解决方案能力，并已取得钙钛矿电池装备相关专利。自布局钙钛矿领域以来，公 司参与了海内外多家新能源头部企业、初创企业及跨界企业的钙钛矿项目招标，成功交付了钙钛矿电池 整线设备，多种尺寸PVD、RPD、蒸镀、激光、涂布、VCD、清洗等设备，推动了钙钛矿技术发展。 近期公司还推出工业级压电喷墨打印钙钛矿薄膜技术，首台钙钛矿喷墨打印设备正式交付客户；钙钛矿 GW级磁控溅射立式真空镀膜设备PVD2400V也顺利出货。 ...

Investment Rating - The report maintains an "Increase" rating for the electric equipment industry [4] Core Insights - Continuous technological breakthroughs in perovskite solar cells have led to significant improvements in efficiency and stability, with laboratory results showing a lifespan increase to over three times that of traditional solutions and maintaining a high efficiency of 26.2% [1] - The industrialization process of perovskite technology is accelerating, with several companies achieving GW-level production capacity, marking 2025 as a pivotal year for mass production [2] - Clear policy support is evident, with the Ministry of Industry and Information Technology promoting advanced photovoltaic technologies, indicating a broad and promising industry outlook [3] Summary by Sections Technological Advancements - Perovskite solar cells have achieved notable efficiency improvements, with a record efficiency of over 30% for all-perovskite tandem cells and significant advancements in commercial applications [1] Industrialization Progress - The perovskite photovoltaic industry in China is entering a critical phase, with major companies launching GW-level production lines and achieving stable operational efficiencies [2] Policy Support and Market Potential - Government policies are favoring the development of perovskite technologies, with applications extending into space and emerging sectors like construction and automotive, indicating a robust market potential [3] Investment Recommendations - The report suggests focusing on equipment manufacturers and material suppliers that are poised to benefit from the growth of the perovskite industry, including companies like Jiejiawei, Maiwei, and Jin Jing Technology [3]

Core Viewpoint - Perovskite technology is gaining significant attention as a new generation of photovoltaic technology amidst cost reduction and structural competition pressures in the solar industry [3][4]. Industry Development - The perovskite photovoltaic technology has entered a crucial phase of industrialization this year, with companies like Jing Shan Light Machine achieving mass delivery of perovskite photovoltaic equipment, marking them as one of the first domestic companies with large-scale supply capabilities [3][7]. - Multiple hundred-megawatt production lines are being established and entering debugging or operational phases, with perovskite power station projects achieving megawatt-level continuous operation [3][7]. - The industry is shifting from traditional silicon efficiency improvements to new material structural innovations represented by perovskite and perovskite tandem technologies [3][5]. Technological Advancements - Perovskite technology is transitioning from laboratory efficiency record competition to a focus on mass production efficiency and stability [5]. - The two main paths of perovskite technology, single-junction and tandem structures, are advancing simultaneously, creating a multi-technology development landscape [5]. - Perovskite materials offer advantages such as low-temperature preparation, solution processing, and high light absorption coefficients, which can break through the efficiency limits of silicon materials [5][6]. Production and Application - The production capacity for perovskite technology is rapidly increasing, with companies establishing integrated supply chains from equipment manufacturing to material supply and component packaging [8]. - Demonstration projects are transitioning from point experiments to scenario-based validations, with operational perovskite power stations reaching megawatt scale and providing long-term data support for technology stability and performance [7][8]. Standardization and Global Positioning - The establishment of a unified standard system for perovskite technology is crucial for its commercial viability, as existing testing and certification systems are inadequate for new material technologies [10][11]. - The industry is focusing on accelerating the development of perovskite technology standards, which will ensure scientific evaluation and consistency in measurement results [10][11]. - There is a call for collaboration among industry players to strengthen China's position in international standard-setting for perovskite technology, which is essential for market access and investment confidence [11].

Core Insights - Perovskite photovoltaic technology is entering a significant phase of industrialization, with companies like Jing Shan Light Machine achieving mass delivery of perovskite photovoltaic equipment, marking a milestone in the domestic supply capability [1] - The industry is shifting from traditional silicon efficiency improvements to new material structural innovations represented by perovskite and perovskite tandem technologies, driven by national carbon neutrality goals and global energy transition trends [1][2] - The development of a unified standard system for perovskite technology is crucial for its commercialization, as existing testing and certification frameworks are inadequate for new material technologies [6][7] Industry Developments - Perovskite technology is transitioning from laboratory efficiency competition to a focus on mass production efficiency and stability, with both single-junction and tandem pathways advancing simultaneously [2] - The industry is witnessing a trend of moving from point testing to scenario-based validation in perovskite power station demonstration projects, with several projects achieving megawatt-level operation [4] - The establishment of a comprehensive industrial chain from equipment manufacturing to material supply and component packaging is underway, aiming to seize first-mover advantages [5] Technical Characteristics - Single-junction perovskite products are cost-effective and possess flexible and semi-transparent advantages, making them irreplaceable in new scenarios like building-integrated photovoltaics and vehicle-mounted photovoltaics [3] - Perovskite/silicon tandem technology enhances overall efficiency levels, providing pathways for achieving higher efficiency limits in the industry [3] Standardization Efforts - The rapid advancement of standardization work for perovskite technology is a key focus, with efforts to establish dedicated standards for performance testing, temperature coefficients, and weak light performance [6][7] - The construction of a standard system for perovskite technology is essential for ensuring the efficiency of technology promotion and will directly impact market access and product certification [7]

Core Viewpoint - The photovoltaic industry is actively promoting anti-involution through polysilicon inventory management, but faces challenges due to the involvement of multiple companies and the need for substantial financial support. Technological iteration is seen as a less resistant option to clear excess capacity, with perovskite technology showing significant efficiency advantages over existing crystalline silicon technology, potentially accelerating the exit of outdated capacity and helping the industry recover from cyclical lows [1]. Group 1: Efficiency and Stability - Conversion efficiency of perovskite has significantly improved from 3.8% in 2009 to over 26% currently, with companies like GCL-Poly achieving 19.04% efficiency on 1m*2m panels and tandem cells nearing 30% efficiency [2]. - The stability of high-efficiency laboratory results is being addressed, with notable advancements in stability research, including a perovskite solar cell developed by the Chinese Academy of Sciences that exceeds 27% efficiency with controlled degradation [3]. Group 2: Commercialization and Policy Support - GW-level production lines are set to be launched by companies like Extreme Solar and GCL-Poly in 2025, with more planned capacity expected to come online by 2026. The first full-size perovskite module from GCL-Poly was produced on October 29, 2025, indicating a push towards commercial viability [4]. - Policy support for the development of new photovoltaic technologies is evident, with recent government initiatives focusing on perovskite materials and advanced photovoltaic technologies, which could enhance capacity iteration in the current anti-involution phase of the industry [5]. Group 3: Investment Opportunities - Companies to watch in the perovskite sector include equipment manufacturers such as Dier Laser, Jiejia Weichuang, and others, as well as perovskite module producers like Hangzhou Colin and GCL Technology. Additionally, TCO glass and perovskite encapsulant manufacturers are also highlighted as potential investment opportunities [6].

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" [7] Core Insights - Perovskite technology is identified as a core direction for next-generation solar power generation, with theoretical efficiency limits significantly higher than traditional silicon components [1] - Leading companies are heavily investing in perovskite technology, achieving notable efficiency improvements in their products [2] - The commercialization of perovskite technology is accelerating, with several companies transitioning from pilot lines to mass production [3] - Equipment for perovskite production is being delivered, indicating a faster industrialization process [4] - The report suggests focusing on the demand within the industry chain and new technological developments, highlighting key equipment companies [5] Summary by Sections Industry Investment Rating - The report rates the industry as "Outperform the Market - A" [7] Perovskite Technology Advancements - Perovskite single-junction components have a theoretical efficiency limit of 35%, while tandem components can reach up to 45%, surpassing traditional silicon's 26% [1] - Longi's silicon-perovskite tandem solar cell achieved a certified efficiency of 34.85% [2] - Tongwei's lab reached a perovskite efficiency of 34.69%, and JA Solar's tandem solar cell efficiency exceeded 30% [2] Commercialization and Production - GCL-Poly announced the launch of its first GW-level perovskite production line [3] - Jietai Technology successfully produced its first industrialized TOPCon+ perovskite tandem cell [3] - Dazheng Micro-Nano completed a significant financing round to support the construction of a new production line for flexible perovskite solar cells [3] Equipment and Industrialization - Jiejia Weichuang won a bid for a perovskite battery production line, indicating technological breakthroughs in mass production [4] - Jing Shan Light Machine has developed a comprehensive equipment solution for perovskite production, validated by downstream customers [4] Investment Recommendations - The report advises monitoring industry demand and technological changes, with a focus on key equipment companies such as Jiejia Weichuang, Maiwei Co., and others [5]

Core Insights - The research team at the Chinese Academy of Sciences has developed a perovskite solar cell prototype with a power conversion efficiency of 27.2%, significantly enhancing operational stability, which lays a crucial foundation for the industrialization of perovskite solar cells [1][2] Industry Developments - The perovskite solar cell prototype maintained 86.3% of its initial efficiency after 1529 hours of continuous operation under standard sunlight conditions, and 82.8% after 1000 hours under accelerated aging conditions at 85°C [2] - The potential for perovskite technology is highlighted by East Wu Securities, which anticipates that perovskite production capacity could exceed 100 GW by 2030, with a market size of nearly 40 billion yuan for components [2] - The penetration rate for distributed scenarios is expected to reach 5.6% by 2030, indicating a gradual expansion of the ground market [2] Company Strategies - Longi Green Energy Technology Co., Ltd. has been actively researching advanced perovskite solar cell technology, setting world records for the efficiency of silicon-perovskite tandem cells, with a breakthrough efficiency of 34.85% expected by April 2025 [4] - Longi is focusing on overcoming challenges related to stability, large-scale production consistency, and cycle life, with ongoing collaborations to develop new transport materials and passivation processes [4][5] - BOE Technology Group has developed over 20 perovskite photovoltaic products in the first half of the year, achieving a power generation efficiency exceeding 18% in its pilot production line [4][5] - GCL-Poly Energy Holdings has announced plans to develop next-generation high-efficiency perovskite/silicon tandem cell technology, which is expected to enhance the competitive edge and expand market opportunities [6] - Beijing Jinshan Light Industry Machinery Co., Ltd. has established a comprehensive equipment solution covering R&D to GW-level mass production in the perovskite photovoltaic equipment sector [6] - Tongwei Co., Ltd. reported that its perovskite-silicon tandem cell products have achieved a conversion efficiency of 34.78%, with full-size cell efficiency reaching 28.39%, positioning the company at the forefront of the industry [6]

【国金电新】钙钛矿应用新纪元：数据上天，技术落地 联系人：姚遥/曾爽 #轨道数据中心打破了电源、冷却系统的制约： 电源供应方面，在正确的轨道上，太阳能电池板接受到 的能量可以比地球上高出8倍，且几乎是连续地产生电力；冷却系统方面，整个宇宙空间的平均温度约 为-270℃，大幅降低冷却系统的适配难度，满足高密度服务器集成所伴随的功耗提升。 #钙钛矿太阳能电池有望打破对标晶硅的尴尬境地： 过去市场总是把钙钛矿看作晶硅的下一代技术路 线，而忽视了其作为薄膜电池所具备的高效率（单结理论33%，双结理论45%）、柔性、带隙可调、成 分可调等优势；且太空应用场景恰恰规避了钙钛矿在大气环境中易受水汽侵蚀而稳定性相对较差的缺 陷，相比当前主流的薄膜电池材料砷化镓、碲化镉，钙钛矿的制备工艺简单、成本低、无毒、效率更 高，有望更快在特殊场景应用方面实现对主流薄膜电池的迭代。 #测算xGW数据中心匹配7-8xGW钙钛矿电池： 根据StarCloud 5GW的轨道数据中心4km*4km的电池板部 署尺寸，假设单结钙钛矿电池效率达到30%，宇宙中太阳光强为地球的8倍，对应电池片总功率为 38.4GW。 近期我们了解到钙钛矿组件企业已陆续 ...

展望后市，中信建投表示，近期光伏"反内卷"相关政策密集出台，且规格不断升级。当前光伏"反内 卷"政策集中在"控价""控量"两方面，"控价"已经取得初步成果，7月以来光伏主产业链价格均有上涨， 且第三季度硅料环节已经有扭亏为盈迹象；"控量"也在顺利进行，11月进入枯水期以来，硅料企业已经 开始减产，全年产量符合年初设定，产能整合方案争取年内完成。 （文章来源：每日经济新闻） 11月11日，A股三大指数集体高开。创业板新能源ETF华夏（159368）开盘后强势上涨，最大涨幅超 2%%。盘面上，中来股份强势20CM涨停，上能电气涨超9%，鹏辉能源、迈为股份等纷纷跟涨，涨超 6%。截至发文，创业板新能源ETF华夏（159368）成交额超2100万元，位居同类产品第一。 消息面上，中国科学院半导体研究所团队在钙钛矿太阳能电池领域取得重要进展，研发出光电转换效率 为27.2%的钙钛矿太阳能电池原型器件，并显著提升了其运行稳定性，为钙钛矿太阳能电池的产业化发 展奠定了关键基础。 ...

据了解，这笔融资资金将被用于多个核心领域，18亿港元用于多晶硅产能优化，9亿港元用于硅烷气新 业务拓展，8亿港元用于优化资本结构，4亿港元用于一般营运资金，14.87亿港元用于偿还银行贷款， 其中2025年底前将用8.8亿元偿还银行贷款。 来源：市场资讯 （来源：光伏研习社） 9月16日，协鑫集团旗下上市公司协鑫科技宣布与投资机构无极资本(Infini Capital)达成战略融资协议， 通过定向增发方式配售约47.36亿股，募集54.46亿港元(约合50亿元人民币)。2025 年 11 月 7 日，协鑫科 技成功完成最后一批2A认购事项。此次战略融资的完成是协鑫科技的关键时刻，巩固了其财务状况。 此外，新资金也还将帮助协鑫科技推动其钙钛矿技术的生产和商业化工作。钙钛矿以其高效率、低成本 的特性而闻名，且在传统太阳能之外还有潜在应用场景，如传感器、光显示等领域。在钙钛矿领域的成 功，可以开辟协鑫科技新的收入来源。 通过投资本地原材料生产，协鑫旨在使高科技制造更加可靠，加强供应链，使公司不再依赖进口或容易 受到中断的影响。随着研发资金的增加，同时，协鑫科技将加速钙钛矿光伏产品量产时代的到来，为可 再生能源和先进 ...