光伏、储能等新能源业务正逐步成为一批以家电起家的龙头企业的新增长点，但其规模、盈利仍有待提升。 近日，创维集团（00751.HK）拟退市并分拆创维光伏上市，海尔新能源获B轮超10亿元融资，美的集团（000333.SZ）旗下电动重卡充电桩业务上线，格力 电器（000651.SZ）今年将量产光伏储能用碳化硅芯片消息曝光，TCL中环（002129.SZ）拟投资一道新能源……家电起家的龙头企业2026年都在深化布局新 能源的万亿赛道。 经历了四五年的孵化和发展，新能源业务已经成为这些龙头企业的新增长点，但是发展规模、业务布局、盈利水平仍有待进一步提升或完善。创维光伏董事 长范瑞武1月27日向第一财经记者表示，"新能源是长坡厚雪，才刚刚开始。" 向"光"而行，欲从量变到质变 家电市场已进入成熟期，增速放缓。在国家"碳中和"战略下，家电龙头四五年前已开始布局新能源业务，部分企业的光伏、储能业务已到了从量变到质变的 临界点。 创维集团创始人黄宏生透露，创维2025年光伏业务的收入预计将首次超过彩电业务收入。创维集团从2020年开始涉足光伏领域，先利用国内彩电销售网络， 在农村发展户用分布式光伏业务，后来延伸到组件、支架、逆 ...

中国银河证券认为，随着商业航天发射成本下降与电池技术持续突破，太空光伏有望在未来10-15年逐 步实现商业化，短期需重点关注技术突破与场景绑定进度，长期则有望成为光伏产业新的增长蓝海。 中证光伏产业指数覆盖光伏产业链上下游50只代表性股票，涵盖硅料、硅片、电池片、组件、逆变器及 电站运营等各环节龙头企业，行业纯度高，有望深度受益于太空光伏发展与全球光储建设。光伏ETF易 方达（562970）跟踪该指数，可助力投资者捕捉太空光伏未来发展机遇。 （文章来源：每日经济新闻） 光伏板块在上周走高后迎来震荡调整，截至14:30，中证光伏产业指数下跌2.0%，跟踪该指数的光伏 ETF易方达（562970）近3个交易日连续获资金净流入，合计超1.3亿元。 2025年末，我国向国际电信联盟申报超20万颗卫星频轨资源的消息引发关注，申报数量之多被认为"史 无前例"，作为地外飞行器重要的能源供应方式，太空光伏有望受益于全球商业航天热潮。马斯克也表 示SpaceX和特斯拉正在提升太阳能产能，目标是每年达到100GW。 ...

长江证券认为太空光伏设备将迎来颠覆性机遇；国泰海通证券认为着眼长期，认为数据中心配光储情况 下，太空光伏有望驱动新一轮设备扩产；广发证券则表示，太空光伏将为光伏行业创造新需求。 2026年1月28日，光伏ETF华夏（515370）回调2.33%。近期，太空光伏赛道备受市场关注，成为新晋亮 点，昨日光伏ETF华夏（515370）净流入超4200万元。 光伏ETF华夏（515370）及其联接基金（012885/012886）跟踪中证光伏产业指数，涉及光伏产业链 上、中、下游企业，包括硅片、多晶硅、电池片、电缆、光伏玻璃、电池组件、逆变器、光伏支架和光 伏电站等，能够更好的反映光伏产业整体表现。指数其太空光伏含量18.49%，指数维度全市场排名第 一。 当前，中证光伏产业指数PB仅为2.82倍，位于基日益来56.18%历史分位，投资性价比提升。 （文章来源：每日经济新闻） ...

Core Viewpoint - The A-share space photovoltaic concept stocks are gaining market attention due to Elon Musk's ambitious plan for "100 GW space photovoltaics" by early 2026 and the exposure of 200,000 low-orbit satellite applications in China, raising demand expectations from "billion-level" to "trillion-level" [1] Industry Overview - The space photovoltaic industry traces back to the mid-20th century space race and is now moving towards industrialization with the rise of commercial aerospace [1] - The global space photovoltaic industry is still in its introduction phase, with emerging technology paths and market structures [1] Technology Pathways - The technology landscape shows a "three generations coexist" trend: - Short-term: GaAs batteries dominate (approximately 1000 RMB/W), suitable for high-value communication satellites - Mid-term: P-type HJT heterojunction batteries are penetrating the low-orbit satellite market due to lower costs and lightweight advantages - Long-term: Focus on perovskite tandem batteries, with theoretical efficiency exceeding 45% and costs only 1/10 of GaAs, though stability and radiation resistance need verification [1] Market Potential - The satellite launch volume is expected to surge, with an estimated 50,000 launches annually by 2040, leading to a projected space photovoltaic battery market size of 328.8 billion RMB by 2035, over 30 times current levels [2] Company Insights - **Lens Technology**: The company has matured its UTG flexible glass manufacturing process and is in deep technical validation with clients for space photovoltaic applications, aiming to become a new growth driver [2] - **JinkoSolar**: The company sees potential in perovskite and TOPCon/perovskite tandem batteries for space applications, with a record battery conversion efficiency of 34.76% [4] - **GCL-Poly**: The company has significant technical reserves in HJT technology and has delivered over 10 GW of ultra-low carbon HJT products, which are suitable for space applications due to their lightweight and radiation resistance [5] - **Trina Solar**: The company has a long-term layout in crystalline silicon batteries, perovskite tandem batteries, and III-V GaAs multi-junction batteries, achieving leading R&D results [10] - **Canadian Solar**: The company has solid production capabilities in HJT and perovskite tandem technologies and is tracking opportunities in the commercial aerospace market [11] Research and Development - Companies are actively exploring R&D plans for space photovoltaic applications, with some already conducting tests on flexible glass for space solar cells [8] - The industry is focusing on developing high-conductivity silver pastes and lightweight, flexible, and tandem battery structures to meet aerospace demands [6]

Report Industry Investment Rating No relevant information provided. Core Viewpoints - Industrial silicon prices are expected to maintain a range-bound oscillation. The price is significantly supported by the double reduction in supply and demand, combined with the transmission effect of rising coal prices and photovoltaic industry chain prices. The upward potential depends on the recovery of downstream demand and inventory clearance progress, while the downward space is limited by cost support and production reduction expectations [3]. - Polysilicon prices are expected to rise slightly with small fluctuations. The recent cancellation of the export tax rebate policy for the photovoltaic industry may stimulate polysilicon rush exports in the short term. However, due to the still sluggish demand and huge inventory, the price increase momentum is limited. The market is moving towards cost reduction and efficiency improvement, and the downstream production capacity is accelerating the clearance [6]. Market Analysis Industrial Silicon - On January 27, 2026, the industrial silicon futures price fluctuated and declined. The main contract 2605 opened at 8,895 yuan/ton and closed at 8,860 yuan/ton, a change of (-70) yuan/ton or (-0.78)% compared to the previous day's settlement. As of the close, the position of the main contract 2605 was 242,625 lots, and the total number of warehouse receipts on January 26, 2026, was 13,115 lots, a change of 144 lots compared to the previous day [1]. - The spot price of industrial silicon remained basically stable. According to SMM data, the price of East China oxygenated 553 silicon was 9,200 - 9,300 (0) yuan/ton; 421 silicon was 9,500 - 9,800 (0) yuan/ton, the price of Xinjiang oxygenated 553 was 8,600 - 8,800 (0) yuan/ton, and the price of 99 silicon was 8,600 - 8,800 (0) yuan/ton. The silicon prices in Kunming, Huangpu Port, Northwest, Tianjin, Xinjiang, Sichuan, and Shanghai remained unchanged, and the price of 97 silicon was stable [1]. - As of January 22, the total social inventory of industrial silicon in major regions was 556,000 tons, an increase of 0.18% compared to the previous week [1]. - The supply side showed a contraction trend, with the January output decreasing by nearly 20% month-on-month, and the industry operating rate dropping to a historical low [2]. - The demand side: The organic silicon DMC was quoted at 13,800 - 14,000 (0) yuan/ton. The recent cancellation of the photovoltaic VAT export tax rebate policy is expected to increase the short-term demand for polysilicon, and the strong polysilicon exports are expected to boost the demand side of industrial silicon. The operating rate of aluminum-silicon alloy enterprises decreased slightly, and the organic silicon maintained the peak-shifting emission reduction policy. The downstream demand for aluminum alloy showed a marginal weakening trend, and the subsequent operating rate is expected to be mainly stable and weak [2]. Polysilicon - On January 27, 2026, the main contract 2605 of polysilicon futures fluctuated and rose, opening at 51,990 yuan/ton and closing at 51,900 yuan/ton, a change of 0.42% in the closing price compared to the previous trading day. The position of the main contract reached 41,439 (41,290 in the previous trading day) lots, and the trading volume on the day was 11,224 lots [3]. - The spot price of polysilicon remained stable. According to SMM statistics, the price of N-type material was 48.00 - 57.00 (-1.50) yuan/kg, and the price of n-type granular silicon was 48.00 - 51.00 (-1.00) yuan/kg [3]. - The inventory of polysilicon manufacturers and silicon wafers increased. The latest statistics showed that the polysilicon inventory was 33.00, a change of 2.80% month-on-month, the silicon wafer inventory was 26.78GW, a change of 8.07% month-on-month, the weekly polysilicon output was 20,500.00 tons, a change of -4.65% month-on-month, and the silicon wafer output was 10.86GW, a change of 0.28% month-on-month [3]. - In terms of silicon wafers: The price of domestic N-type 18Xmm silicon wafers was 1.30 (-0.03) yuan/piece, the price of N-type 210mm was 1.63 (-0.03) yuan/piece, and the price of N-type 210R silicon wafers was 1.40 (-0.03) yuan/piece [3]. - In terms of battery cells: The price of high-efficiency PERC182 battery cells was 0.27 (0.00) yuan/W; the price of PERC210 battery cells was about 0.28 (0.00) yuan/W; the price of Topcon M10 battery cells was about 0.44 (0.00) yuan/W; the price of Topcon G12 battery cells was 0.44 (0.00) yuan/W; the price of Topcon 210RN battery cells was 0.44 (0.00) yuan/W. The price of HJT210 half-cell battery was 0.37 (0.00) yuan/W [4][5]. - In terms of components: The mainstream transaction price of PERC182mm was 0.67 - 0.74 (0.00) yuan/W, the mainstream transaction price of PERC210mm was 0.69 - 0.73 (0.00) yuan/W, the mainstream transaction price of N-type 182mm was 0.73 - 0.74 (0.00) yuan/W, and the mainstream transaction price of N-type 210mm was 0.75 - 0.77 (0.00) yuan/W [5]. Strategies Industrial Silicon - Unilateral: Short-term range operation. - Inter - period: None. - Options: None [3]. Polysilicon - Unilateral: Short-term range operation, and the main contract is expected to maintain a slight oscillatory rise in the short term. - Inter - period: None. - Cross - variety: None. - Spot - futures: None. - Options: None [6].

28日，A股三大指数高开后集体翻绿。截至发稿，沪指跌0.02%，深证成指跌0.19%，创业板指跌0.09%。全市近3600只个股下跌。 | 14 | | w A股 | | | | --- | --- | --- | --- | --- | | AHS 港股 | 美股 | 全球 | 商品 | 外汇 汁 三 | | 已为您生成昨日市场智评 | | | | 査看 | | 内地股票 △ ○ | | | | | | 行情 | | 资金净流入 | | 涨跌分布 | | 上证指数 | | 深证成指 | | 科创综指 | | 4138.90 | | 14302.91 | | 1897.19 | | -1.00 -0.02% | | -26.99 -0.19% | | +7.72 +0.41% | | 万得全A | | 创业板指 | | 北证50 | | 6851.14 | | 3339.52 | | 1575.81 | | -4.70 -0.07% | | -3.07 -0.09% | | +10.87 +0.69% | | 沪深300 | | 中证500 | | 中证A500 | | 4706.01 | | 8542.62 ...

一周前刚发布去年业绩预亏公告，风范股份（601700.SH）就推出了一起约3.83亿元的收购。 跨界收购系集团战略考量 风范股份于2011年在上交所挂牌上市，主营业务涉及电力铁塔及钢结构制造，同时布局光伏相关业务。 本次拟收购的炎凌嘉业，则主要从事防爆自动化控制系统及相关装备的研发与生产，产品主要应用于石 化、化工等高危工业场景。 在公司业绩亏损背景下，市场及监管层同时提出质疑：风范股份为何选择在此时推进跨界收购？上市公 司与标的公司之间是否具备实际业务协同基础？ 上交所在问询函中提到，风范股份与标的公司主营业务存在较大差异，不属于同行业或上下游，无明显 协同效应，且公司无相关行业经验、技术积累。要求公司说明在业绩亏损的情况下仍进行跨界收购的主 要原因和考虑、对标的公司是否具备业务整合和管控能力，并充分提示风险。 对此，公司内部人士告诉时代周报记者，此举源于控股股东的整体布局。"推进跨界收购，是风范股份 控股股东唐山工业控股集团有限公司（以下简称'唐山工控'）从集团战略角度作出的考量。" 1月26日晚间，风范股份公告称，公司拟使用约3.83亿元自有及自筹资金收购防爆自动化装备、重载机 械装备企业北京炎凌嘉业智 ...

Core Viewpoint - The company, Jushi Chemical, is currently in the pilot testing phase for its perovskite photovoltaic technology and does not have a specific timeline for mass production [1] Group 1 - The company is engaged in the development of perovskite photovoltaic technology [1] - The current status of the technology is at the pilot testing stage [1] - There is no defined schedule for when mass production will commence [1]

Group 1 - The company has established a photovoltaic semiconductor packaging production line [1] - The production line manufactures bypass protection diode modules for photovoltaic junction boxes [1] - Currently, the production primarily meets the company's self-supply needs for bypass protection diode modules in its photovoltaic junction box products [1]

截至午间收盘，沪指涨0.49%，报4160.01点，深成指涨0.09%，报14342.74点，创业板指跌0.37%，报3330.39点，科创50指数跌0.73%，报1544.62 点。沪深两市合计成交额19126.49亿元，全市场超3300只个股下跌。 责任编辑：栎树 资源股集体爆发，贵金属、油气方向领涨，中国黄金4连板，湖南黄金3连板，四川黄金10天6板，招金黄金8天5板，中国海油涨超7%续创历史新 高，石化油服、准油股份涨停。 分散染料概念集体走高，浙江龙盛、闰土股份、亚邦股份涨停。存储芯片概念表现活跃，普冉股份涨超15%续创历史新高，气派科技20CM涨停。 下跌方面，病毒防治概念集体下挫，之江生物跌超9%。 光伏股集体下跌，东方日升跌超7%，福斯特、钧达股份跌超5%，协鑫集成、天合光能、德业股份、亿晶光电、阳光电源跌超4%。 国内商品期货多数上涨，集运欧线涨超5%，沪铝、沥青、铝合金涨超4%，氧化铝涨超3%，沪金涨近3%，沪银、原油、燃料油、沪锌、沪锡涨超 2%，纯苯、尿素、甲醇、豆油涨超1%。跌幅方面，碳酸锂跌超2%，不锈钢、沪镍、多晶硅跌超1%。 股票频道更多独家策划、专家专栏，免费查阅>> ...