近年来，双良节能在海外市场开拓取得明显进展。2024年，公司来自境外市场的收入占比4.38%，较 2023年提升3.15个百分点。 不过，在信息披露方面，双良节能存在蹭热点行为。2月12日，公司称其3个海外订单，将用于SpaceX 星舰发射基地扩建配套的燃料生产系统，导致股价涨停。但公司被监管打假，公司及相关责任人被警 示。2月13日，公司股价跌停。2月24日、25日，连续下跌。 长江商报记者发现，因为豪赌光伏，近几年，受光伏市场供需失衡影响，双良节能盈利承压。根据业绩 预告，2025年，双良节能预计归母净利润为-10.60亿至-7.80亿元。 积极出海的 双良节能 （600481.SH）又中标了。 2月23日晚，双良节能发布公告，公司全资子公司江苏双良冷却系统有限公司（简称"江苏双良"）中标 中东地区 H 级联合循环电站项目空冷岛（ACC）系统项目，中标金额约1亿元。 2025年，双良节能相继中标阿曼、哈萨克斯坦、印尼等项目。 频频中标与蹭热点并存 双良节能频频中标海外项目，在信息披露方面，需要依法合规。 最新公告显示，双良节能全资子公司江苏双良中标中东地区H 级联合循环电站项目空冷岛（ACC）系 统项目， ...

Core Viewpoint - The company has secured three overseas orders for high-efficiency heat exchangers, totaling approximately €1.7 million, to be used in the expansion of SpaceX's fuel production system, indicating strong trust from international clients in the company's products [2][3]. Group 1: Order Details - The three orders were signed on October 25, 2025, and January 9, 2026, with a total value of approximately €1.7 million, equivalent to about ¥13.92 million at an exchange rate of 1 Euro ≈ 8.19 RMB [2]. - The total order amount represents approximately 0.11% of the company's audited revenue for the fiscal year 2024, indicating that it will not have a significant impact on the company's operating performance [2]. Group 2: Business Context - The company's main products include energy-saving and water-saving products, new energy equipment, and photovoltaic products, primarily serving sectors such as renewable energy generation, steel, coal chemical, and thermal power [3]. - The commercial aerospace sector is not a primary application area for the company's products; the recent orders represent indirect participation in commercial aerospace projects through the supply of heat exchangers to international industrial gas companies [3]. Group 3: Risks and Uncertainties - The acquisition of related orders is significantly influenced by the construction and expansion plans of commercial aerospace projects, leading to a degree of uncertainty in future order acquisition [3]. - International political, economic, and diplomatic relations may affect the progress of international cooperation projects, with potential trade frictions and geopolitical conflicts posing risks of project suspension or termination [3].

【DT新材料】 获悉，2月月12日， 双 良 节 能 在微信公众号发布了一篇名为《 双 良 节 能 再获海外订单，助力商业航天太空探索》的市场快讯。 具体内容为： 近日， 双 良 节 能 先后获得3个海外订单，共计12台高效换热器设备，将用于Space X星舰发射基地扩建配套的燃料生产系统。这是继前期合作后， 该产品再度应用于Space X星舰发射基地，充分印证了海外客户对 双 良 节 能 产品可靠性的高度信任。 据了解，Space X正加速推进星舰发射能力建设，计划在佛罗里达州卡纳维拉尔角新建三座发射台，分别毗邻NASA肯尼迪航天中心LC-39A发射场及卡纳维拉尔 角太空军基地LC-37发射场。随着星舰发射频次持续提升，相关装备供应链迎来指数级增长机遇。 /扫码加入行业交流群/ 化工新材料、复合材料、钙钛矿、机器人、无人机、eVTOL、商业航天.....等产业同行❤️↓ FINE 2026 X 进电池与能源材料展 消息一出， 下午开盘后，双良节能快速拉至涨停，总市值201亿元。 不过对此， 上交所火速发布关于对双良节能系统股份有限公司及有关责任人予以监管警示的决定 ，其中指出，当前，"商业航天"属于市场较为 ...

Core Viewpoint - Recently, Shuangliang Group announced that Shuangliang Energy has secured three overseas orders for a total of 12 high-efficiency heat exchangers, intended for the fuel production system of the SpaceX Starship launch base expansion. However, the company later clarified that these orders will not have a significant impact on its operating performance [1][2]. Group 1: Orders and Financial Impact - The total value of the three overseas orders is approximately €1.7 million, equivalent to about 13.92 million RMB, which represents only 0.11% of the company's audited revenue for 2024 [2]. - The heat exchangers supplied are part of the fuel production system for the SpaceX Starship launch base, indicating the company's involvement in commercial aerospace projects, albeit indirectly [2][3]. Group 2: Market Context and Company Strategy - SpaceX is accelerating its Starship launch capabilities, planning to build three new launch pads in Florida, which could lead to exponential growth opportunities for the related supply chain [2]. - Shuangliang Energy has been focusing on international market development, particularly in Europe, the Middle East, and Southeast Asia, and has successfully secured contracts for projects in India and Kazakhstan [5]. - The company aims to enhance its international presence and product differentiation, particularly in the hydrogen energy sector and green electricity hydrogen production systems [5]. Group 3: Regulatory Response - Following the announcement of the orders, the Shanghai Stock Exchange issued a regulatory warning to Shuangliang Energy and its Secretary of the Board for not providing sufficient details about the orders and their impact on the company, which could mislead investors [6]. - The exchange emphasized the need for accurate and complete information disclosure, especially regarding high-interest topics like commercial aerospace [6].

Group 1 - Honghe Technology issued a risk warning due to a significant stock price increase, with a cumulative rise of over 20% in three consecutive trading days [2][12] - The company specializes in the research, production, and sales of mid-to-high-end electronic-grade fiberglass cloth and yarn, with no major changes in its main business [2][12] - The company cautioned investors about the risks of speculative trading and emphasized the stability of its core operations [2][12] Group 2 - Zhangyue Technology also issued a risk warning, stating that its AI short drama business revenue for 2025 is expected to be less than 1% of its main business revenue [3][13] - The company anticipates a net loss of approximately 195 million yuan for 2025, with a non-recurring net loss of about 212 million yuan [3][13] - The company confirmed that its main business operations remain normal and unchanged [3][13] Group 3 - Decai Shares highlighted that its subsidiary, Qixiang Wuxian, has no current orders or revenue related to the animation production business [3][13] - The company is in the early stages of development, with a registered capital of only 3 million yuan and no significant impact on overall performance [3][13] Group 4 - Jiamei Packaging stated that its associated enterprise, Magic Atom, is planning independent capital operations unrelated to the listed company [4][14] - The company's stock has a significantly higher price-to-earnings ratio compared to the industry average, indicating potential risks of rapid price declines [4][14] Group 5 - Shuangliang Energy clarified that it has not directly cooperated with SpaceX, despite recent media reports suggesting otherwise [5][15] - The company received three overseas orders for high-efficiency heat exchangers, totaling approximately 1.3923 million yuan, which is only 0.11% of its audited revenue for 2024 [6][15] - The main business includes energy-saving products and new energy equipment, with commercial aerospace not being a primary application area [6][15] Group 6 - YN Holdings announced plans for a capital increase not exceeding 1.4 billion yuan, with a stake of up to 49% in a subsidiary, without merging financial statements [8][17] - The target industry is Internet Data Centers (IDC), which is distinct from computing chip manufacturing and cloud services, indicating stable profitability post-operation [9][18] - The company emphasized that its main business operations remain stable and unchanged, with no significant impact from recent media discussions [9][18]

Core Viewpoint - Multiple companies have issued risk warnings regarding their stock performance, highlighting significant short-term price increases and potential market volatility [1][2][3][4][5][6][8][9]. Group 1: Company Risk Warnings - Honghe Technology has warned that its stock price has deviated significantly, with a cumulative increase of over 20% in three consecutive trading days, urging investors to be cautious [2]. - Zhangyue Technology has indicated that its AI short drama business revenue for 2025 is expected to be less than 1% of its total revenue, alongside a projected net loss of approximately 195 million yuan for the same year [3]. - Decai Co. has noted that its subsidiary, Qixiang Wuxian, is in the early stages of development with no current business orders or revenue, advising investors to make rational judgments [3]. - Jiamei Packaging has stated that its associated company, Magic Atom, is planning independent capital operations unrelated to the listed company, warning of potential rapid stock price declines [4][5]. Group 2: Business Operations and Market Context - Shuangliang Energy clarified that it has not directly cooperated with SpaceX, despite recent media reports linking it to commercial space projects, and emphasized that its main business does not focus on this area [6][7]. - YN Holdings announced that its investment in a subsidiary does not pertain to the chip manufacturing or cloud service industries, with the investment amount expected to be no more than 1.4 billion yuan [8][9]. - International Composite has confirmed that its main business operations remain stable, with no significant changes, and it continues to focus on its core products [9].

消息面上，2月12日午后，双良节能官方微信公众号发布信息称，双良节能近日先后获得3个海外订单，共计12台高效换热器设备，将用于SpaceX星舰发 射基地扩建配套的燃料生产系统。这是继前期合作后，该产品再度应用于SpaceX星舰发射基地，充分印证了海外客户对双良节能产品可靠性的高度信 任。 【导读】获SpaceX星舰发射基地订单，双良节能午后直线拉涨停 一则消息引爆股价，双良节能（600481）午后直线拉涨停。 获SpaceX星舰发射基地订单 双良节能直线拉涨停 2月12日午后，双良节能股价异动，直线拉涨停。截至收盘，该股报10.71元/股，总市值为201亿元。 据悉，SpaceX正加速推进星舰发射能力建设，计划在佛罗里达州卡纳维拉尔角新建三座发射台，分别毗邻NASA肯尼迪航天中心LC-39A发射场及卡纳维 拉尔角太空军基地LC-37发射场。随着星舰发射频次持续提升，相关装备供应链迎来指数级增长机遇。 双良节能表示，该系列订单不仅体现了国际市场对双良节能技术实力与交付体系的高度认可，也为中国高端制造进一步融入全球商业航天产业链注入强劲 动力。未来，双良节能将依托高端装备硬核实力，持续加强与世界500强企业的紧密 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2月12日下午，双良节能（600481）快速直线涨停，最高封单金额达11亿元，当天成交金额达17.62亿 元。 就在公司股价涨停前，双良集团官方微信在13时02分发布市场快讯，宣布双良节能近日先后获得3个海 外订单，共计12台高效换热器设备，将用于SpaceX星舰发射基地扩建配套的燃料生产系统。 （具体报道：利好突袭，午后直线涨停！600481，宣布获得SpaceX星舰发射基地订单！） 2月12日晚间，双良节能发布关于海外订单的说明公告，称上述订单供货标的为高效换热器，合计总金 额约170万欧元（约为人民币1392.3万元），订单总金额对公司经营业绩无重大影响。 双良节能方面在市场快讯中表示："该系列订单不仅体现了国际市场对双良节能技术实力与交付体系的 高度认可，也为中国高端制造进一步融入全球商业航天产业链注入强劲动力。未来，双良节能将依托高 端装备硬核实力，持续加强与世界500强企业的紧密合作，撬动更广阔的海外市场。" 在2月12日晚间披露的说明公告中，双良节能表示，公司目前主营业务产品包括节能节水产品、新能源 装备和光伏产品，主要下 ...

盘后紧急公告。 双良节能（600481）2月12日盘后发布关于海外订单的说明公告称，公司在2025年10月25日和2026年1月9日签订的3项订单， 供货标的为高效换热器，合 计总金额约170万欧元（以1欧元≈8.19元人民币的汇率换算，订单总金额约为人民币1392.30万元），订单总金额占公司2024年度经审计的营业收入的比例 约为0.11% ，对公司经营业绩无重大影响。 公司目前主营业务产品包括节能节水产品、新能源装备和光伏产品，主要下游应用领域有新能源发电、钢铁、煤化工、火电等，商业航天不是公司产品主 要的应用领域， 本次订单是公司通过为国际工业气体企业的燃料项目供应换热器间接参与了相关商业航天项目，未直接与SpaceX发生合作，公司为项目 非独家间接供应商。 双良节能称，公司相关订单的获取受商业航天项目建设及扩产规划的影响较大，未来订单的获取存在一定的不确定性。此外，国际政治、经济、外交关系 等因素可能影响国际合作项目的推进，如贸易摩擦、地缘政治冲突等可能导致项目暂停或终止，敬请广大投资者注意相关风险。 据了解，双良节能于2月12日13:25在其微信公众号上发布了一篇名为《双良节能再获海外订单，助力商 ...

Core Viewpoint - Recently, the company announced the acquisition of three overseas orders for high-efficiency heat exchangers, totaling approximately €1.7 million, to support the expansion of SpaceX's fuel production system at its launch base [1][2]. Group 1: Order Details - The three orders were signed on October 25, 2025, and January 9, 2026, with a total value of approximately €1.7 million, equivalent to about RMB 13.92 million [1]. - The total order amount represents approximately 0.11% of the company's audited revenue for the fiscal year 2024, indicating that it will not have a significant impact on the company's operating performance [1]. Group 2: Business Context - The company's main products include energy-saving and water-saving products, new energy equipment, and photovoltaic products, with key applications in sectors such as new energy generation, steel, coal chemical, and thermal power [2]. - The recent orders are not part of the company's primary application areas, as commercial aerospace is not a major focus; instead, the company is indirectly involved in commercial aerospace projects by supplying heat exchangers for fuel projects to international industrial gas companies [2]. - The acquisition of related orders is significantly influenced by the construction and expansion plans of commercial aerospace projects, indicating a degree of uncertainty in future order acquisition [2].