*ST沐邦公告，公司预计2025年年度实现利润总额-94,000.00万元到-67,000.00万元，预计2025年年度实 现归属于母公司所有者的净利润-93,000.00万元到-66,000.00万元，归属于母公司所有者的扣除非经常性 损益后的净利润为-73,000.00万元到-52,000.00万元。2025年国内光伏行业进入转型重塑阶段，尽管行 业"反内卷"治理取得积极成效，产业链价格逐步筑底回升，但受前期阶段性结构性产能错配的惯性影 响，供需失衡持续，行业整体疲软，整体盈利能力未得到修复。报告期内，公司盈利能力承压，公司主 营业务毛利率同比下降，导致公司2025年经营业绩持续亏损。 ...

ELITE Solar has commissioned its new 5GW integrated photovoltaic (PV) manufacturing facility in Egypt's Suez Canal Economic Zone. The facility, which integrates 2GW of solar cell production and 3GW of module assembly, is intended to supply utility-scale commercial and industrial clients worldwide. Earlier this month, Egypt's Prime Minister, Mostafa Madbouly, attended the facility’s official commissioning ceremony. The event highlighted the factory’s significance for Egypt’s renewable energy ambitions a ...

Market Overview - The market showed signs of recovery with all three major indices closing in the green, and the ChiNext Index rising over 1% at one point. The total trading volume in the Shanghai and Shenzhen markets was 2.89 trillion yuan, a decrease of 353.2 billion yuan from the previous trading day. Despite this, over 3,400 stocks declined across the market [1]. Sector Performance - The semiconductor sector experienced significant gains, with companies like Huahong Semiconductor reaching historical highs. Other stocks such as Dongxin Technology and Shengke Communication also hit their daily limits. According to Omdia, the Chinese semiconductor market is expected to grow by 31.26% by Q4 2026, reaching a market size of $546.5 billion. The AI innovation is driving structural changes in the market, particularly in memory chips, which are becoming essential for AI infrastructure [2][3]. CPO Concept - The CPO concept saw active performance, with Yuanjie Technology rising over 10% to reach a historical high. The market for optical modules is projected to exceed $18 billion by 2025, driven by AI-related data center and transmission network construction [3]. Space Photovoltaics - The space photovoltaic sector rebounded in the afternoon, with companies like Yujing Technology and Saiwu Technology achieving multiple consecutive gains. Elon Musk announced plans for significant satellite deployments, which could lead to substantial growth in the space photovoltaic market [4]. Individual Stocks - In individual stock performance, precious metals continued to show strength, with several companies achieving multiple consecutive gains. The commercial aerospace sector also saw some recovery, with stocks like Electric Science and Technology hitting their daily limits. AI applications and computing power leasing sectors were also active, indicating a rotation among previous hot sectors [6]. Future Market Analysis - The market demonstrated strong support above the 20-day moving average, indicating a potential upward trend. However, the market remains in a volatile state, with significant stock declines despite overall index gains. Key sectors to watch include commercial aerospace, AI applications, precious metals, semiconductors, and computing hardware, with a focus on identifying core stocks for potential low-entry opportunities [7]. Industry Insights - Industry experts predict that the memory chip shortage will persist for at least two to three years, primarily due to the high demand from AI infrastructure. Major memory manufacturers are working to increase production, but it will take at least two years to meet the growing demand [10].

1月20日，港股上市的创维集团（00751.HK）发布公告，将推动股份回购、私有化退市。与此同时，将分拆旗下 光伏业务——创维光伏独立上市。 这是黄宏生筹划的一场"母退子进"的资本大腾挪，估值规模约百亿。 长江商报消息 ●长江商报记者 沈右荣 70岁的黄宏生再出发！ 从代理商到彩电大王，从阶下囚到二次创业者，黄宏生的人生在承压与破局中循环演进。截至目前，创维集团是 中国彩电业唯一幸存下来的民营企业。 除了家电，黄宏生涉足的还有光伏、汽车。黄宏生曾豪情万丈，"再投400亿，把创维汽车做到全球TOP10。" 官网显示，创维集团位列"2025中国企业500强"第380位，位列2025年《财富》中国500强第271位。 尽管已到古稀之年，但黄宏生依然保持着固有的坚韧与创业者的敏锐。他的想法是，将创维集团打造成生态平 台，将"创维"变成"创维们"。 无论是光伏，还是造车，黄宏生均面临挑战。"到2030年，创维系分拆出5到8家上市公司"，黄宏生能如愿以偿 吗？ "母退子进"式腾笼换鸟 黄宏生正在实施腾笼换鸟式资本运作，目的是对创维集团进行战略重构。 1月20日晚，创维集团发布公告称，2026年1月4日，集团董事会议决议， ...

Core Viewpoint - Major photovoltaic companies such as JinkoSolar, Tongwei Co., and LONGi Green Energy have recently announced significant projected losses for 2025, primarily due to rising silver prices impacting their performance [3][4]. Group 1: Financial Projections - JinkoSolar expects a net loss of 5.9 billion to 6.9 billion yuan for 2025, while Tongwei Co. anticipates losses between 9 billion to 10 billion yuan, and LONGi Green Energy projects a net loss of 6 billion to 6.5 billion yuan [3]. - The rising costs of silver paste, a key material in photovoltaic cell production, have been cited as a major factor contributing to these losses [4]. Group 2: Cost Structure and Material Impact - Silver paste, which is crucial for manufacturing photovoltaic cells, accounts for approximately 62% of the non-silicon costs in TOPCon solar cells, with a projected cost of 0.138 yuan/W by the end of 2025 [4]. - The current spot price of silver has surged to over $100 per ounce, having more than tripled in the past year, adding to the cost pressures faced by these companies [4]. Group 3: Market Dynamics and Pricing Strategies - Companies are attempting to pass on costs by slightly increasing the prices of photovoltaic modules; however, this is constrained by a supply-demand imbalance in the industry [5]. - The domestic market demand is weakening, and overseas procurement is also declining, which may further limit the ability of companies to raise prices [5]. Group 4: Technological Developments - Companies are exploring alternatives to reduce silver usage, such as the development of "silver-free" technologies and the use of copper plating [5][6]. - While significant R&D efforts are underway, the maturity and effectiveness of these technologies remain uncertain, and their economic viability is under scrutiny [6]. Group 5: Future Outlook on Silver Prices - In the short term, the impact of alternative technologies on silver prices is expected to be limited due to their nascent stage of development [7]. - Long-term trends may see downward pressure on silver prices as these technologies mature and photovoltaic installation volumes potentially decline [7]. - The strategic resource status of silver, influenced by policy changes, may continue to support its price [8].

Market Overview - On January 23, A-shares saw all major indices rise, with the Shanghai Composite Index up 0.33% to 4136 points, the Shenzhen Component Index up 0.79%, and the ChiNext Index up 0.63% [1] - The total market turnover reached 3.12 trillion yuan, an increase of 401.7 billion yuan from the previous trading day, with over 3900 stocks rising and 122 stocks hitting the daily limit [1] Index Performance - The Shanghai Composite Index closed at 4136.16, up 13.59 points (+0.33%) - The Shenzhen Component Index closed at 14439.66, up 112.61 points (+0.79%) - The ChiNext Index closed at 3349.50, up 20.86 points (+0.63%) - The North Star 50 Index saw a significant increase of 3.82% [2] Sector Analysis - The A-share market showed a divergence in performance, with the Shanghai 50 Index dropping over 1% and sectors like insurance and banking leading the decline [3] - Notable declines included New Yi Sheng, which fell over 6%, while Guosheng Technology saw a rise of over 3% after a previous surge [3] Commodity Market - Domestic commodity futures experienced widespread gains, with lithium carbonate futures surpassing 180,000 yuan per ton, marking a rise of over 6% [4] - Gold and silver prices continued to rise, with spot gold stabilizing at 4950 USD per ounce and spot silver nearing 100 USD, showing an intraday increase of nearly 3% [4] Solar and Aerospace Sector - The solar energy sector, particularly in space photovoltaic technology, saw a significant surge, with companies like Longi Green Energy and others experiencing limit-up gains [6] - The commercial aerospace sector is also thriving, with stocks like Aerospace Electronics and China Satellite hitting their daily limits [8] - Elon Musk expressed strong support for space photovoltaic technology at the World Economic Forum, indicating plans for significant solar energy production capacity [10] Company Developments - JinkoSolar and Trina Solar are exploring market opportunities in space photovoltaic technology, with advancements in various solar cell technologies [12] - Dongfang Risen highlighted the need for solar wings in satellites to meet market demands, emphasizing the advantages of crystalline silicon photovoltaic cells [13] - Jun Da Co. announced a cash investment of 30 million yuan to acquire a 16.67% stake in Shanghai Xingyi Chip Energy, aiming to enter the low-orbit and space photovoltaic market [13]

周五，港A两市光伏板块同步走强，成为市场焦点。 A股方面，光伏设备板块领涨大市。截至发稿，多只个股强势涨停，包括隆基绿能、迈为股份、晶科能 源、捷佳伟创、连城数控、欧普泰及东方日升等。此外，阳光电源、通威股份、德业股份、天合光能等 权重股亦普遍上扬，共同推升板块热度。 | 代码 名称 | | 现价 | 涨跌 | 米幅� | | --- | --- | --- | --- | --- | | 920368 连城数控 | | | 47.16 +10.88 | +29.99% | | 920414 欧普泰 | | 17.21 | +3.97 | +29.98% | | 688726 拉普拉斯 | | 55.54 | | +9.26 +20.01% | | 300751 | 迈为股份 | 324.36 | +54.06 | +20.00% | | 300724 捷佳伟创 | | 134.10 | +22.35 | +20.00% | | 300118 东方日升 | | 20.76 | +3.46 | +20.00% | | 688516 奥特维 | | 90.01 | +15.00 | +20.00% | | 300 ...

从资金动向看，两市半日成交额放大至1.91万亿元，增量资金入场意愿依然较强，但行为模式显露出显 著的"高抛低吸"特征。资金从短期涨幅较大的通信（-1.79%）、电子等板块流出，迅速涌入国防军工 （+2.77%）、电力设备（+2.56%）等新涌现的热点方向。这种快速的轮动，是市场在缺乏全面牛市基 础下，围绕有限共识进行集中突击的体现。 今日市场的核心焦点，无疑是以国防军工和光伏为首的高端制造板块。它们的崛起并非偶然，而是由多 重驱动逻辑层层递进、共同作用的结果。 首先，是顶层规划预期与产业事件催化形成了"虚实结合"的推力。军工板块的走强，根基在于市场 对"十五五"期间我国高端装备与航空航天产业加速发展的长远预期。而"商业航天"概念的爆发，则提供 了一个完美的现实切入点。从SpaceX二代星链计划的时间表，到我国提交超20万颗卫星星座申请的市 场分析，这些具体事件让遥远的规划变得可触摸、可测算，直接刺激了产业链相关公司的股价。 其次，是技术叙事边界的拓展打开了全新的估值空间。这一点在光伏板块表现得尤为精彩。当光伏产业 的地面竞争趋于白热化时，"太空光伏"这一概念将市场的想象力引向了星辰大海。围绕太空环境所需的 高 ...

Ascent Solar Technologies Inc. (NASDAQ:ASTI) shares are trending on Friday.Shares of the Colorado-based photovoltaic company surged 17.78% to $8.02 in after-hours trading on Thursday following the company's announcement of its 2025 achievements and 2026 production schedule.ASTI closed at $6.81 on Thursday, up 53.03%, according to Benzinga Pro data.ASTI Stock Jumps on Defense PartnershipsAscent Solar announced on Thursday that it formed strategic partnerships in 2025 with companies in the commercial space an ...

1月22日，A股指数冲高回落，三大指数全部翻绿，创业板指早盘一度涨近1.3%。有色金属、半导体芯 片、电网等方向跌幅居前，沪深京三市下跌个股近1900只。 | | | | | 分深京重要指数 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 *● | 咸新 | 涨幅% | | 涨跌 涨跌家数 涨速% | | 1 | 现手 金额 | | 上证指数 | 4113.75 | -0.08 | -3.19 | 1393/871 | -0.04 | 3.44 乙 | 16.3万 5963.16亿 | | 深证成指 | 14235.17 | -0.14 | -19.96 | 1833/992 | 0.01 | 4.03亿 | 15.8万 7299.51亿 | | 北证50 | 1522.90 | 0.21 | 3.15 | 141/136 | -0.08 | 487 / | 1522 118.49亿 | | 创业板指 | 3290.40 | -0.16 | -5.12 | 840/521 | | -0.02 1.18 7 | 3.54万 3268. ...