据隆基绿能最新消息：隆基团队联合苏州大学开展研究，针对空穴传输层所在的界面复合问题，在 新型有机自组装分子材料（SAM）设计及晶硅-钙钛矿叠层器件取得了突破性进展。研究团队通过与双 面纹理化的异质结晶硅结合，成功实现了开路电压接近2.0V，且认证效率高达34.6%的晶硅-钙钛矿串联 叠层太阳电池。这项研究为新型SAM材料的开发及进一步提升晶硅-钙钛矿叠层效率提供了重要的技术 方案。相关研究成果于2025年7月7日在国际学术期刊《自然》在线发表。 隆基绿能方面表示，截至目前，隆基叠层团队已发表三篇顶级学术文章，公开了其创造的33.9%、 34.2%和34.6%三次世界纪录效率所采用的上界面双层交错钝化策略、D-A型高稳定SAMS材料和不对称 SAM型空穴传输材料创制等核心材料和工艺，展现了隆基绿能联合苏州大学、长春应化所等学术机构 针对重大关键问题协同创新攻关的校企合作模式，为构建中国叠层电池产、学、研、用良性生态贡献积 极力量。 据介绍，此前，该公司联合中国科学院长春应用化学研究所等研究团队，通过采用给受体共轭策 略，成功开发了一种具有开壳双自由基的新型有机自组装分子。该分子展现出优异的载流子传输能力、 在实 ...

博彩股延续涨势，金界控股涨超14%，汇彩控股涨超8%，永利澳门涨超6%，澳博控股、新濠国际发 展、美高梅中国、金沙中国跟涨。 7月8日，港股三大指数午后持续冲高，恒生科技指数收涨1.84%领先，恒生指数、国企指数分别上涨 1.09%及1.16%，恒指涨260点重回24000点上方。 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 √ | | --- | --- | --- | --- | --- | | 03918 | 金界控股 | 4.250 | +0.530 | 14.25% | | 01180 | 汇彩控股 | 0.930 | +0.070 | 8.14% | | 01128 | 永利澳门 | 6.320 | +0.380 | 6.40% | | 00880 | 澳博控股 | 2.910 | +0.130 | 4.68% | | 00200 | 新濠国际发展 | 5.200 | +0.230 | 4.63% | | 01680 | 澳门励骏 | 0.079 | +0.003 | 3.95% | | 02282 | 美高梅中国 | 15.080 | +0.480 | 3.29% | | 01928 ...

（亿千瓦时） 量（亿千瓦时） 电量比例 千瓦时） 上述数据为公司内部初步统计结果，可能与公司后期披露的定期报告存在差 异，最终以公司披露的定期报告为准，提醒投资者不宜以此数据简单推算公司业 绩，并注意投资风险。 特此公告。 中节能太阳能股份有限公司 （以下简称公司）2025 年上半年度装机容量及发电量完成情况公告如下： 一、公司装机容量情况 经初步统计，2025 年初至 2025 年 6 月 30 日，公司新增运营、并网、在建、 取得备案的项目容量，及占 2024 年度总装机容量、运营装机容量的比例情况如 下： | 项目 半年度 | | 总装机容 | 年总装机 | | 运营装机 | 运营装机 | | --- | --- | --- | --- | --- | --- | --- | | | | 量（GW） | 容量比例 | | 容量（GW） | 容量比例 | | 新增运营容量（MW，含 150MW | 收 | | | | | | | 购项目） | | | | | | | | 新增并网容量（MW） | | 618 | 12.114 | 5.10% | 6.076 | 10.17% | | 新增在建项目容量（MW ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ -广告- 本文来源： 中关村储能产业技术联盟 当地时间7月4日，美国总统特朗普签署"大而美"税收和支出法案，使其生效。 此次特朗普签署的是7月1日通过的参议院版本，与 众议院版本相比，在储能相关条款上整体方 向一致，但在时间节点与配套监管方面有细节优化和限制调整。 时间节点上，参议院版本 为储能设置了分阶段退坡的政策保障 ，储能项目 若在2033年底前开 始建设，抵免为100%，2034年75%、2035年50%，2036年以后抵免停止 。 此次调整将储能ITC 补贴时间从2032年延至2036年 ，为储能行业提供了更长的政策支持窗 口； 减缓了退坡幅度 ，相比原计划的逐年大幅削减（20%/40%/60%），新方案退坡节奏更 平缓（25%/50%），有助于稳定市场预期。 中资企业受限 但放宽对外国敏感实体限制 美国国会众议院3日下午以218票赞成、214票反对的表决结果通过了总统特朗普推动的"大而 美"法案。该法案已于本月1日获参议院通过。美国国内担忧该法案将进一步加剧美国财政赤字与 债务风险。 这份长达940页的法案 ...

太阳能（000591）公告，2025年上半年新增运营容量477.29MW，新增并网容量618MW，新增在建项目 容量610.98MW，新取得备案容量1040MW。2025年上半年发电量41.59亿千瓦时，占2024年总发电量的 59.70%，同比增加22.40%。 ...

又是传闻引爆！ 7月8日，太阳能板块彻底杀疯。首航新能20%涨停，大全能源大涨近16%，通威股份涨停；拓日新能、大东南、亿晶光电、亚玛顿等全线涨停。太阳能板块涨停或 涨幅超10%个股接近20只。与此同时，港股市场太阳能板块一度大涨超5%，期货市场多晶硅大涨4.82%。 从昨晚开始，市场即流传一则"小作文"，其主要内容涉及"硅料收储可能会于近期落地"。事实上，该传闻已经在5月份发酵过一次。彼时，太阳能板块亦是集体飙 升。此次更是有"反内卷"概念加持，使得多头气氛更加炽热。 太阳能板块集体爆发 近期，太阳能产业还有"反内卷"的催化。那么，行情的持续性究竟如何？ 从多晶硅期货的角度来看，有期货公司认为，多个行业近期密集实施"反内卷"举措的背后，是社会各界对于愈演愈烈的"内卷式"竞争的广泛关注，以及政策层面整 治"内卷式"竞争的持续加码。再有就是厂商联合提价，头部多晶硅企业主动协商上调报价以缓解成本压力及亏损局面，试图引导市场止跌，此举在终端需求未改善 背景下反映行业自救意图。目前多晶硅已经形成较强的波段性上涨，背后有基本面反内卷预期的支撑，不宜逆势操作，而是等待回调后逢低做多为比较好的选择。 可以等待分时图级别的充 ...

Group 1 - The core viewpoint presented by Liu Yuanchun emphasizes the need for macroeconomic governance to incorporate a new dimension of "coordinating macro regulation with micro governance" to address the issue of "involution" in competition, thereby solidifying the micro foundation for high-quality development [1][2] - The primary concern of the current macroeconomic environment is the persistently low price levels, which are influenced by both structural issues on the demand side, such as the decline in real estate investment, and complex supply-side shocks [1] - A significant supply shock driven by technological advancements and economies of scale has been observed, with labor productivity in China increasing by nearly 90% over the past decade, and costs for new energy vehicles, lithium batteries, and solar cells significantly decreasing [1] Group 2 - The phenomenon of "involution" in pricing has led to a decline in corporate profit margins, with many industries experiencing worsening financial indicators despite technological upgrades, resulting in a situation where costs decrease but profits decline even faster [1][2] - To address the challenges of low prices and "involution," a comprehensive initiation of micro governance is necessary, shifting from a reliance on industry self-discipline to a new model of "government-led, industry-coordinated, and enterprise-implemented" policies [2] - The "2025 China Macroeconomic Situation Analysis and Forecast Mid-Year Report" highlights that the main short-term contradiction in China's macroeconomic operation is the imbalance between supply and demand, which has spread from the production side to the demand side, impacting key areas such as the labor market and real estate market [2]

Core Viewpoint - The plug-and-play solar system is a sophisticated energy solution that integrates photovoltaic power generation with energy storage, designed for balcony installation, enhancing energy efficiency and reducing reliance on traditional energy sources. The industry has seen significant growth, particularly in Europe, driven by energy supply-demand tensions and favorable policies, with a projected market size of $14.97 billion by 2031 and a CAGR of 21.1% from 2025 to 2031 [1][11]. Market Overview - The global market for plug-and-play solar systems is expected to reach $14,972.7 million by 2031, with a CAGR of 21.1% from 2025 to 2031 [1]. - The top ten manufacturers hold approximately 82.0% of the market share as of 2024 [6]. Product Segmentation - Wall-mounted systems dominate the market in terms of product type [7]. - Multi-family residences are the primary demand source, accounting for about 70.9% of the market share by 2025 [9]. Key Drivers - **Renewable Energy Policies**: Government support for renewable energy, including subsidies and tax incentives, is a major driver for the growth of plug-and-play solar systems [11]. - **Energy Independence**: Increasing consumer demand for energy independence and self-sufficiency is driving the adoption of these systems, especially in urban areas where large rooftop installations are not feasible [11]. - **Smart Home Trends**: The rise of smart homes has integrated energy management into household systems, enhancing the efficiency and convenience of energy use [13]. Major Challenges - **High Costs**: The initial investment for plug-and-play solar systems remains high, which may deter potential consumers, particularly in regions lacking government incentives [14]. - **Technical Safety and Maintenance**: The complexity of the systems requires reliable components and regular maintenance to prevent safety issues and ensure consumer trust [15]. - **Policy Uncertainty**: Fluctuating government policies and incentives can impact market demand and consumer investment decisions [16]. Industry Development Trends - **Technological Innovation and Cost Reduction**: Advances in battery technology are improving efficiency and reducing costs, making plug-and-play solar systems more competitive [17]. - **Smart and Integrated Development**: The integration of IoT and smart home technologies is leading to more sophisticated energy management solutions [18]. - **Policy Support and Growing Demand**: Strengthening global green energy policies are encouraging the adoption of renewable energy solutions, with increasing consumer awareness driving demand [19]. - **Market Competition and Product Diversification**: The growing market has attracted numerous players, intensifying competition through price and product differentiation [20].

Core Viewpoint - The expected significant decline in wind power generation during the summer in Europe will lead to an increase in coal and gas power generation, resulting in higher electricity prices and increased emissions [1][4]. Group 1: Electricity Generation Trends - Major markets including Germany, France, and Spain are projected to see a 50% increase in coal power generation this month compared to June [1]. - Energy Aspects estimates a 40% decline in wind power generation for July and August [1]. - Historical fossil fuel power plants in Europe may be reactivated, highlighting their continued importance despite investments in renewable energy [1]. Group 2: Electricity Prices - On July 1, the hourly electricity price at the Paris EPEX Spot SE surged to €557.34 per megawatt-hour, nearly nine times higher than the lowest price of the day [1]. - The electricity futures price in Germany for next month is €80.94 per megawatt-hour, approximately one-third higher than in April [1]. Group 3: Weather Impact - Recent temperatures in parts of Germany have approached 40 degrees Celsius, exacerbating the situation for wind power generation [2]. - If the cessation of wind power generation continues for an extended period, fossil fuels will need to fill the evening demand gap in the electricity market [2]. Group 4: Emissions and Historical Context - According to BloombergNEF, emissions from EU power plants may increase by 14% this month compared to June [4]. - Similar patterns of low power generation were observed last winter and spring, necessitating increased output from fossil fuel power plants to ensure electricity supply [4].

2025 年 7 月 7 日 银河观点集萃 责任编辑 每日晨报 周颖 ☎：010-80927635 网:zhouying_yj@chinastock.com.cn 分析师登记编码：S0130511090001 要闻 OPEC+同意将 8 月份的石油产量提高约 55 万 桶/日 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 ● 宏观:官方劳动数据与 ADP 就业为何背离?——美国 6 月劳动数据。偏强数 据下,美股、美元和美债收益率回升,7月降息预期消散:CME 数据显示联邦 基金利率期货交易者预期 2025年在 9 月、10月出现 2 次降息, 累计 50BP, 7 月有 94.8%的概率不降息。资产方面,标普 500、纳斯达克和道琼斯指数均 明显上涨；10年期美债收益率大幅上行 6.3BP 至 4.342%，2 年期升 9.92BP 至 3.880%;美元指数上行至 97.1185;伦敦黄金下跌至 3326.085美元/盎司。 资产方面,我们认为美股短期依靠估值修复反弹后虽然创下新高,但三季度如 果硬数据进一步恶化,持续上行的趋势形成可能要等 ...