证券日报网讯12月9日，金辰股份（603396）在互动平台回答投资者提问时表示，公司目前主导产品为 太阳能光伏组件自动化生产线成套装备和太阳能光伏电池制造装备，公司积极布局钙钛矿电池镀膜设备 真空蒸镀机、磁控溅射设备的研发与制造，储备公司电池设备新技术路线。 ...

Group 1 - The A-share market opened lower on December 9, with the ChiNext New Energy ETF Huaxia (159368) experiencing a morning rise of 0.55% [1] - Notable stock performances included Dike Co., Ltd. rising by 8.50%, Junxin Co., Ltd. by 4.70%, and Sungrow Power Supply Co., Ltd. by 1.91% [1] - The trading volume of the ChiNext New Energy ETF Huaxia reached 35.04 million yuan, making it the top performer among similar funds [1] Group 2 - A significant breakthrough in clean energy technology was achieved by a research team led by Professor Tan Hairen from Nanjing University, in collaboration with the Renshuo Solar Energy Industrialization team, developing commercial-scale perovskite photovoltaic modules [1] - The new perovskite solar cells not only utilize environmentally friendly production methods but also achieve world-leading levels in both conversion efficiency and product reliability [1] - This research addresses key bottlenecks in the industrialization of perovskite solar cells, marking an important step towards commercialization [1] Group 3 - Guolian Minsheng Securities highlighted the advantages of perovskite batteries, including easy access to raw materials, low production energy consumption, concentrated supply chains, higher conversion efficiency, and the ability to be made into tandem cells [1] - Over the past 20 years, perovskite technology has rapidly caught up with silicon technology in laboratory efficiency, potentially achieving nearly double the efficiency of silicon cells [1] - The adjustable bandgap of perovskite allows it to be combined with other photovoltaic materials to absorb different wavelengths of light, further enhancing conversion rates [1] - The potential mass production cost of perovskite cells is lower, with capacity investment estimated at 500-700 million yuan/GW, which is less than that of silicon cells, with further cost reduction expected in the future [1] Group 4 - The ChiNext New Energy ETF Huaxia (159368) is the largest ETF fund tracking the ChiNext New Energy Index, covering various sectors including batteries and photovoltaics [2] - The fund has the highest elasticity, with a maximum increase of 20%, and the lowest fee rate, with a total management and custody fee of only 0.2% [2] - As of October 31, 2025, the fund's scale reached 829 million yuan, with an average daily trading volume of 90.05 million yuan over the past month [2] - The fund's storage content is 59%, and solid-state battery content is 32%, aligning with current market trends [2]

格隆汇12月5日丨凯盛科技(600552.SH)在投资者互动平台表示，公司高度重视玻璃新材料等新技术在应 用上的拓展，公司生产的柔性玻璃可应用于钙钛矿电池领域，正在推进相关攻关工作。 ...

资金流向方面，主力资金净流入140.84万元，特大单买入0.00元，占比0.00%，卖出108.75万元，占比 4.02%；大单买入439.97万元，占比16.25%，卖出190.38万元，占比7.03%。 12月3日，聚石化学（维权）盘中下跌2.18%，截至13:29，报21.56元/股，成交2707.93万元，换手率 1.02%，总市值26.16亿元。 资料显示，广东聚石化学股份有限公司位于广东省清远市高新技术产业开发区雄兴工业城B6，成立日 期2007年6月8日，上市日期2021年1月25日，公司主营业务涉及磷化工、改性塑料粒子及制品的研发、 生产和销售。主营业务收入构成为：塑料制品39.30%，改性塑料粒子25.76%，成品油及添加剂 18.71%，磷化学品7.52%，阻燃剂5.31%，贸易原材料2.06%，其他0.77%，其他(补充)0.56%。 聚石化学所属申万行业为：基础化工-塑料-改性塑料。所属概念板块包括：可降解、小盘、钙钛矿电 池、石墨烯、新材料等。 截至9月30日，聚石化学股东户数4754.00，较上期减少5.11%；人均流通股25522股，较上期增加 5.38%。2025年1月-9月， ...

Core Insights - The commercialization prospects of perovskite batteries are promising, with TCO conductive film glass accounting for over 30% of the cost structure [1] - Jinjing Technology, based in Zibo, Shandong, holds core technology for TCO conductive film glass and dominates the market share [1][6] - The company has filled domestic technological gaps and is collaborating with leading enterprises in the perovskite industry to drive systematic cost reductions [1] Company Overview - Jinjing Technology originated from the first industrialized flat glass production company in China, established over a century ago in Zibo [2] - The company has produced ultra-white glass with a transmittance rate exceeding 91%, significantly higher than ordinary glass [2][4] - The first ultra-white glass was produced in July 2005, breaking the long-standing reliance on imports and making prices more accessible [4] Product Development - The ultra-white glass production line has achieved significant advancements, including the world's largest single piece of ultra-white glass measuring 26 meters [4] - By 2025, the production line will be upgraded to produce ultra-white glass lengths of up to 30 meters with a transmittance rate of 92% [4] Industry Impact - The high transmittance of ultra-white glass enhances efficiency in green buildings and photovoltaic applications [5] - TCO conductive film glass is crucial for manufacturing perovskite solar cells, representing over 30% of their total cost [6] - Jinjing Technology has achieved full control over the production chain of TCO conductive film glass, overcoming technical challenges related to size, conductivity, and transmittance [6] Strategic Partnerships - Jinjing Technology has formed strategic partnerships with leading companies in the perovskite battery sector, such as GCL-Poly Energy [7] - The company’s TCO conductive film glass production lines are supplying major players in the perovskite battery market, capturing a significant domestic market share [7] Financial Performance - In the first three quarters of 2025, Jinjing Technology reported revenue of 3.461 billion yuan, a year-on-year decline of 31.63%, with a net profit loss of 270 million yuan, down 190.8% [8] - The company is focusing on cost reduction and efficiency improvements while promoting high-value-added products to prepare for future growth [8]

"至真"减反射玻璃 普通玻璃 "至真"减反射玻璃是金晶科技采用磁控真空溅射镀膜工艺，创新研发生产的具有减反射功能的玻璃产 品，能够极大降低玻璃反光干扰，全景还原展品真色和自然质感，为用户创造至真视觉体验。上图左 侧风筝上方覆盖的是金晶"至真"减反射玻璃，右侧为普通玻璃。对比可见，前者透光率更高、反射率 更小。 信通电子大楼效果图 金晶科技建筑玻璃 金晶科技车间 新恒汇柔性引线框架产品 新恒汇蚀刻引线框架外观检测 从酥锅到烧烤，大街小巷弥漫着饮食男女的烟火气；比这烟火气更为浓烈的是——传承了千年的商业风 尚和热辣滚烫的科创"淄"味。冬日暖阳下，上海证券报调研小组走进淄博，近距离感受那跳动愈发强劲 的商业脉搏。 通商工之业，便鱼盐之利。早在春秋战国时期，因为得天独厚的渔业资源、矿产资源，以及东夷人 的"擅长百工"，淄博孕育了崇商重工的理念和发达商业，成为齐文化的核心发祥地。 近代以来，在重商传统的熏陶下，淄博成为重要的工业城市，铸就了中国第一片超白玻璃等开创行业先 河的工业利器。 当"利他"的传统商业理念、厚重的工业根基，遇到了人工智能、集成电路等高新技术，一场推陈出新、 卡位成链的创新浪潮涌动，形成了一个又一个 ...

Core Viewpoint - JinkoSolar Technology Co., Ltd. has experienced a decline in stock price and significant financial losses in recent months, indicating potential challenges in the solar energy sector [1][2]. Financial Performance - As of September 30, 2025, JinkoSolar reported a revenue of 36.809 billion yuan, a year-on-year decrease of 32.27% [2]. - The company recorded a net profit attributable to shareholders of -3.553 billion yuan, representing a year-on-year decrease of 633.54% [2]. - The stock price has dropped 13.67% year-to-date, with a 2.63% decline over the last five trading days and a 14.97% drop over the last 20 days [1]. Stock Market Activity - On December 2, 2023, JinkoSolar's stock price fell by 2.06%, trading at 11.87 yuan per share with a total market capitalization of 39.286 billion yuan [1]. - The company has seen net outflows of 4.419 million yuan in principal funds, with significant selling pressure from large orders [1]. - JinkoSolar has appeared on the "龙虎榜" (a trading board for stocks with significant trading activity) twice this year, with the latest instance on October 29, where it recorded a net buy of 156 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 17.24% to 147,800, while the average circulating shares per person increased by 20.84% to 22,370 shares [2]. - The company has distributed a total of 3.055 billion yuan in dividends since its A-share listing, with 2.415 billion yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 214 million shares, a decrease of 7.3649 million shares from the previous period [3]. - Other notable institutional shareholders include GF High-end Manufacturing Stock A and Huatai-PineBridge CSI 300 ETF, with varying changes in their holdings [3].

Core Insights - Jinchen Co., Ltd. held a performance briefing on December 1, 2025, discussing its Q3 2025 operational results and financial metrics [1] - The company specializes in high-end intelligent equipment for solar photovoltaic (PV) automation production lines and PV cell manufacturing [1] Financial Performance - In Q3 2025, Jinchen Co., Ltd. reported revenue of 635 million yuan, total profit of 11.79 million yuan, net profit attributable to shareholders of 12.11 million yuan, and net profit excluding non-recurring gains and losses of 9.54 million yuan [1] Product Development - The company is actively developing perovskite battery coating equipment and has made significant progress in the research and manufacturing of large-area linear source vacuum deposition machines, low-damage magnetron sputtering equipment, and flash crystallization equipment [1] - The large-area perovskite vacuum deposition machine and flash crystallization equipment have already received customer validation and secured orders, indicating substantial advancements in new battery technology [1] International Business - From January to June 2025, overseas business accounted for approximately 30.90% of revenue and contributed about 48% to profits [2] - Jinchen Co., Ltd. has established a complete business process and internal control system for order acceptance to sales collection, ensuring good overall collection status in overseas markets [2] Market Expansion - The company is a leading global supplier of PV module equipment and services, providing top-notch installation, training, and upgrade support [2] - Jinchen Co., Ltd. has set up service centers in India, Turkey, Europe, and the United States to expand its overseas market while maintaining rapid growth in the domestic market [2] Future Growth Drivers - The company aims to drive future profit growth by focusing on high-efficiency PV cell equipment, particularly HJT and PERTOP core equipment, while expanding its main product offerings [2] - Leveraging technological synergies, Jinchen Co., Ltd. is also actively entering the high-end intelligent manufacturing equipment sector, including vacuum deposition machines for perovskite batteries and automated production lines for hydrogen production equipment [2]

Core Viewpoint - The controlling shareholder of Wanrun Co., Ltd. has announced a share buyback plan, indicating confidence in the company's future despite a significant decline in performance in 2024 and mediocre results in the first three quarters of 2025 [1][5][6]. Shareholder Activity - The controlling shareholder, China Energy Conservation and Environmental Protection Group, plans to increase its stake in Wanrun Co., Ltd. by investing between RMB 3.65 billion and RMB 7.30 billion over a six-month period starting November 24, 2025 [1][2]. - As of November 27, 2025, China Energy Conservation holds 23.01% of Wanrun's shares, with a total of 25.19% when including its subsidiary [2]. - In 2023, the second-largest shareholder, Luyin Investment Group, completed a share purchase plan totaling over RMB 2 billion, increasing its stake to 12.23% [3]. Company Performance - Wanrun Co., Ltd. experienced a significant decline in performance in 2024, with revenue dropping by 14.22% to RMB 36.93 billion and net profit decreasing by 67.72% to RMB 2.46 billion [5][6]. - The first three quarters of 2025 showed slight improvement, with revenue of RMB 28.26 billion, a year-on-year increase of 2.31%, and net profit of RMB 3.06 billion, up 3.27% [6]. Market Position and Product Development - Wanrun Co., Ltd. operates in multiple sectors, including electronic information materials, environmental materials, new energy materials, and life sciences, with a focus on functional materials [4]. - The company has been actively developing products in semiconductor manufacturing materials, polyimide materials, and other high-performance polymers, including photolithography materials and solid-state battery materials [7]. - Despite the company's strong cash flow, with net cash flow from operating activities reaching RMB 10.96 billion in 2024, its stock performance has been relatively average, with a year-to-date increase of 16.72% as of November 27, 2025 [6][7].

Core Viewpoint - Trina Solar's stock has experienced fluctuations, with a recent increase of 2.03% to 18.10 CNY per share, while the company faces a significant decline in revenue and profit for the year [1][2]. Company Overview - Trina Solar, established on December 26, 1997, and listed on June 10, 2020, is located in Changzhou, Jiangsu Province. The company operates in three main business segments: photovoltaic products, photovoltaic systems, and smart energy [1]. - The revenue composition of Trina Solar includes: photovoltaic products (64.66%), system solutions (21.23%), other (5.54%), digital energy services (4.42%), and energy storage (4.14%) [1]. Financial Performance - For the period from January to September 2025, Trina Solar reported a revenue of 49.97 billion CNY, a year-on-year decrease of 20.87%. The net profit attributable to shareholders was -4.20 billion CNY, reflecting a significant decline of 396.22% [2]. - Since its A-share listing, Trina Solar has distributed a total of 3.49 billion CNY in dividends, with 2.41 billion CNY distributed over the past three years [3]. Shareholder Information - As of November 10, 2025, Trina Solar had 54,800 shareholders, an increase of 16.75% from the previous period. The average number of tradable shares per shareholder decreased by 14.35% to 39,803 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 130 million shares, a decrease of 2.03 million shares from the previous period [3].