Group 1 - The company has minimal PCB products applied in the industrial robotics sector and has not yet ventured into low Earth orbit satellite or AI server fields [2] - The company previously mentioned shipments of low Earth orbit satellite communication PCBs, but the current shipment volume is unspecified [2] - There are no reported breakthroughs in AI server research and development expected by 2025 [2]

Group 1 - The company, Yidun Electronics (603328.SH), has limited PCB products applied in the industrial robot sector [1] - The company has not yet ventured into low Earth orbit satellites and AI server markets [1]

| 光伏设备行业跟踪报告  | | | | [Table_Invest] 评级： | 增持 | | --- | --- | --- | --- | --- | --- | | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | [Table_Report] 相关报告 | | | 刘绮雯(分析师) | 021-23185686 | liuqiwen@gtht.com | S0880525040096 | | | 股票研究 /[Table_Date] 2025.12.31 太空光伏有望驱动行业长期需求，设备公司率先受益 [Table_Industry] 光伏设备 光伏设备行业跟踪报告 本报告导读： 低轨卫星+太空算力驱动光伏行业长期需求，设备公司有望率先受益。 投资要点： 行 业 跟 踪 报 证 券 研 究 报 告 请务必阅读正文之后的免责条款部分 股 票 研 究 告 注：推荐公司 EPS 预测值来自国泰海通证券研究，受益公司 EPS 预测值来自 W ...

AST SpaceMobile周三成功发射其有史以来最大的卫星BlueBird 6，标志着这家太空通信公司正式开启与SpaceX星链的正面竞 争。该卫星从印度发射升空，设计用于为普通智能手机提供直连卫星服务，面积达2400平方英尺，是该公司此前卫星的三倍。 发射消息公布后，AST SpaceMobile股价盘中一度飙升至92.95美元，随后回落收跌8.9%至78.05美元。尽管如此，该股今年以来 仍累计上涨270%，成为2025年表现最亮眼的太空概念股之一。 这次发射对低轨卫星通信行业具有重要意义。AST SpaceMobile计划2026年部署45至60颗卫星，直接挑战已拥有超过9400颗卫星 的SpaceX星链。业内预计2026年将成为低轨卫星竞争的关键年份，特别是在SpaceX准备IPO的背景下。 该公司已与AT&T、Verizon和沃达丰等主要电信运营商建立合作关系，旨在将卫星覆盖与现有蜂窝网络整合，为偏远地区提供 移动通信服务。 创纪录卫星成功入轨 AST SpaceMobile的BlueBird 6卫星于美国东部时间12月23日晚10:25搭载印度空间研究组织的LVM3火箭，从位于斯里哈里科塔的 ...

在主动基金经理也难以跑赢指数的当下，越来越多的投资者选择了一种更简单的方式——"躺平"投资，即买入一篮子股票 组合的ETF，催生了一场ETF规模激增的浪潮。截至12月23日，全市场ETF总规模已突破5.85万亿元，较年初猛增2.11万亿 元，增幅超过56%。 | | | 年初至今ETF涨幅TOP20 | | | | | --- | --- | --- | --- | --- | --- | | 相关 | ENAI | 基金名称 | 收益率(%) | MARILI | | | | 515880.SH | 通信ETF | 125.55 | 115.52 | 国泰县金 | | 2 | 159583.SZ | 通信设备ETF | 115.40 | 7.24 | 雷国语等 | | 3 | 159363.SZ | 创业板人工智能ETF华宇 | 104.36 | 43.52 | 华宝基金 | | 4 | 561330.SH | 矿业ETF | 98.98 | 2.91 | 国泰基金 | | 5 | 515050.SH | 5G通信ETF | 97.75 | 96.40 | 天直喜喜 | | 6 | 159994.SZ | ...

目前砷化镓是主流技术路线，在发电效率和抗辐射特性上均具备优势，但价格昂贵难以大规模应用。晶 硅技术成本低廉适合大规模部署，采用p型硅片提升抗辐射性能，通过降低硅片厚度提升比功率，HJT 技术具有天然优势，中期看渗透率有望提升。钙钛矿或许是远期选择之一，转换效率有望突破30%，比 功率远高于晶硅和砷化镓，可实现太阳翼的柔性化，而且抗辐射性能优异（如金属卤化物钙钛矿）。 科创新能源ETF（588830）、创业板新能源ETF鹏华（159261） 消息面上，12月22日钧达股份与尚翼光电签署战略合作协议，围绕钙钛矿电池技术在太空能源的应用展 开合作。 科创新能源ETF紧密跟踪上证科创板新能源指数，上证科创板新能源指数从科创板市场中选取50只市值 较大的光伏、风电以及新能源车等领域的上市公司证券作为指数样本，以反映科创板市场代表性新能源 产业上市公司证券的整体表现。 机构认为，低轨卫星+太空算力双轮驱动，太空光伏远期市场可观。低轨卫星已成为太空博弈的新赛 道，各国纷纷推出星座计划，比如美国的星链、中国的国网和千帆、欧盟的IRIS2等，预计2030年发射 量在1.5万颗左右，若单颗卫星10kW，发电功率总额达到150MW ...

Group 1 - The A-share market continued its recent rebound, with the Shanghai Composite Index rising for four consecutive days, closing at 3917.36 points, up 0.69% [1] - The Shenzhen Component Index increased by 1.47%, the ChiNext Index rose by 2.23%, the CSI 300 gained 0.95%, and the STAR 50 climbed by 2.04% [1] - A total of 2836 stocks rose, 2133 fell, and 206 remained unchanged, with a total trading volume of 1.86 trillion yuan, an increase of approximately 136.24 billion yuan compared to the previous trading day [1] Group 2 - The net inflow of main funds into the market was 8.77 billion yuan, with the communication equipment sector receiving the highest net inflow, followed by electronic components, consumer electronics, motors, and semiconductors [7] - Conversely, the commercial retail sector experienced the largest net outflow, along with aerospace, internet services, optical optoelectronics, and automotive parts [7] - Various themes such as Hainan Free Trade, silver, SOFC concepts, tungsten, F5G concepts, precious metals, low-orbit satellites, and optical communication saw significant gains, while themes like SPD concept, Ant Group, pharmaceutical commerce, film and entertainment, Pop Mart, rental and sale rights, and AI healthcare faced declines [7] Group 3 - Market expert Xu Xiaoming indicated that the market's continued rebound suggests a formed bottom structure, with four days of substantial gains and a clear trend of more stocks rising than falling [7] - Xu emphasized the importance of adhering to market trends to avoid significant errors, noting that navigating through market fluctuations can be challenging but necessary for long-term success [7] - He pointed out that while the market has shown signs of a bottom structure, it is still uncertain if the fluctuations have ended, advising caution and a gradual approach moving forward [7]

Group 1 - The communication sector experienced a significant increase in valuation, with the communication index rising by 73.0% in 2025, ranking second among 31 primary industries in the Shenwan classification [1][15][24] - The growth in the communication industry is primarily driven by AI computing power, leading to accelerated technological iterations and scale growth across the entire AI computing power supply chain [1][15] - The report emphasizes the focus on the supply-demand imbalance in AI computing power and the evolution of new technologies, particularly the entry of low-orbit satellites into a prosperous cycle [1][2] Group 2 - AI computing power is entering a new stage, with structural changes expected in 2026, including a shift in demand from training to inference computing power [2][26] - The capital expenditure (Capex) investment structure is stabilizing among leading cloud providers, with second-tier cloud providers beginning to join the market [2][35] - The architecture of computing power networks is evolving, with scale-up and scale-across strategies contributing to increased network demand [2][42] Group 3 - The optical interconnection sector is facing supply-demand imbalances, particularly in optical modules, optical chips, and Faraday rotators, with a focus on technological trends such as 1.6T, silicon photonics, OCS, and CPO [3][51][54] - The liquid cooling market is at a historic turning point, with significant demand in North America, Southeast Asia, and China, particularly driven by the North American computing power market [3][11] - The IDC industry is expected to maintain an expansion trend driven by AI development, with an increase in AIDC penetration rates anticipated for 2026 [4][11] Group 4 - The report highlights the importance of breakthroughs in rocket capacity as a key variable for the commercial aerospace industry in China, with low-orbit satellite internet expected to enter an accelerated prosperity phase [1][11][24] - The commercial aerospace industry is a key focus area supported by national policies, with significant growth potential anticipated as satellite and computing power converge for space data processing [11][24][25] - The report suggests monitoring the success rates of various rocket models and their capacity planning as the industry matures [11][24]

证券日报网讯12月16日，天奥电子（002935）在互动平台回答投资者提问时表示，在低轨卫星领域，公 司主要根据客户的需求提供不同的时间频率产品，目前相关订单正按照客户要求稳步推进，产能可以满 足相关客户需求。 ...

Group 1 - The core viewpoint of the article is that the company, 超声电子 (Super Sonic Electronics), has indicated that its printed circuit board products can be utilized in low Earth orbit satellites and low-altitude economic drones [1] Group 2 - The company is actively engaging with its stakeholders through an interactive platform to communicate its product applications [1] - The focus on low Earth orbit satellites and drones suggests a strategic alignment with emerging technologies and markets [1] - This development may position the company favorably within the growing aerospace and drone industries [1]