2月27日，InfoLink基于自身供需数据库，公开2025年全球组件出货排名： 根据调研，2025 年全球上榜组件供货商总出货量约为536GW，由于末段出货尤其集中，上榜玩家总计有12家。 第一梯队出货区间落在80-90GW，晶科能源与隆基绿能于叠加美国组件厂出货后，以些微差距并列第一。 第二梯队出货区间落在60-70GW，天合光能与晶澳太阳能并列第三。 第一至四名，占据本次出货榜单约58%，以60GW 作为分水岭，与后续企业呈现明显断层。 2月27日，InfoLink基于自身供需数据库，公开2025年全球组件出货排名： 第三梯队落出货在30-50GW，第五与第六名仍维持既有排序，分别为通威股份与正泰新能。 第四梯队出货落在20-30GW，第七名是协鑫集成，第八名由横店东磁与阿特斯并列；第十名为TCL中环、英利发展与一道新能三家并列。 从技术路线看，2025年TOPCon组件已成为全球前十大供货商的一致主力产品。统计显示，上榜企业TOPCon出货占比接近95%，PERC占比仅剩1-2%。至 于BC与HJT技术，受限于爱旭股份及主要HJT厂商未进入榜单，此统计并未能真实反应BC和HJT的全球市场占比，而更侧重 ...

证券日报网讯2月4日，国晟科技（603778）在互动平台回答投资者提问时表示，公司主营业务包括大尺 寸高效异质结(HJT)光伏电池的研发、生产、销售；异质结(HJT)、TOPCON、PERC等组件的生产与销 售。异质结(HJT)组件主要应用于集中式电站、分布式电站、屋顶电站等场景。截至目前，公司光伏产 品业务未涉及航天卫星领域，未与航天科技（000901）集团等开展合作。 ...

国晟科技（603778.SH）2月4日在投资者互动平台表示，公司主营业务包括大尺寸高效异质结（HJT） 光伏电池的研发、生产、销售；异质结（HJT）、TOPCON、PERC等组件的生产与销售。异质结 （HJT）组件主要应用于集中式电站、分布式电站、屋顶电站等场景。截至目前，公司光伏产品业务未 涉及航天卫星领域，未与航天科技集团等开展合作。 每经AI快讯，有投资者在投资者互动平台提问：想问下贵公司的光伏产品是否有提供给航天卫星？贵 公司是否和航天集团有有合作？ （文章来源：每日经济新闻） ...

Core Viewpoint - BYD is committed to the photovoltaic industry with continuous technological innovation, adapting to changing market demands and diverse application scenarios [1] Group 1: Technological Advancements - BYD has transitioned from PERC components to HJT components, enhancing product performance to meet personalized customer needs [1] - The company emphasizes the development of integrated solar energy storage solutions, aiming to harness, store, and utilize clean energy [1] Group 2: Market Demand and Customer Base - The diverse application scenarios of BYD's products have attracted numerous domestic and international customers [1] - BYD's focus on providing high-value photovoltaic products aligns with the growing market demand for renewable energy solutions [1]

Report Industry Investment Rating - Unilateral: Neutral for polysilicon; short - term range operation for polysilicon [5][7] - Inter - period: None for both industrial silicon and polysilicon [2][5][7] - Inter - commodity: None for both industrial silicon and polysilicon [2][5][7] - Spot - futures: None for both industrial silicon and polysilicon [2][5][7] - Options: None for both industrial silicon and polysilicon [2][5][7] Core View - Industrial silicon's short - term supply - demand fundamentals are average. The intraday sharp rise and then fall of the industrial silicon futures are mainly affected by the rise of coking coal. The short - term industrial silicon futures are affected by the overall commodity sentiment and policy - related news. If there are policies to promote, the futures may have room to rise as the current valuation is low [2] - The supply - demand fundamentals of polysilicon are average. The current futures are affected by the anti - involution policy and weak reality. The policy is still in progress, and the futures fluctuate greatly. In the medium - to - long - term, it is suitable to go long on polysilicon at low prices [7] Market Analysis Industrial Silicon - On September 15, 2025, the industrial silicon futures price was strong. The main contract 2511 opened at 8,725 yuan/ton and closed at 8,800 yuan/ton, up 0.86% from the previous settlement. The position of the main contract 2511 was 290,948 lots, and the number of warehouse receipts was 49,905 lots, down 93 lots from the previous day [1] - The spot price of industrial silicon rose slightly. The price of East China oxygen - passing 553 silicon was 9,100 - 9,300 yuan/ton, and 421 silicon was 9,400 - 9,600 yuan/ton. The price of Xinjiang oxygen - passing 553 silicon was 8,600 - 8,700 yuan/ton, up 50 yuan/ton, and 99 silicon was also 8,600 - 8,700 yuan/ton, up 50 yuan/ton. The silicon prices in Kunming, Huangpu Port, Northwest, Tianjin, Xinjiang, Sichuan, and Shanghai regions rose slightly, and the price of 97 silicon was slightly adjusted up [1] - The quotation of silicone DMC was 10,700 - 10,900 yuan/ton, up 100 yuan/ton. The monomer factory's pre - sales orders were sufficient, and the inventory pressure was not large. Downstream enterprises' procurement rhythm remained unchanged, mainly replenishing stocks at low prices, with limited support for the market. Silicone is expected to stabilize in the short term [1] Polysilicon - On September 15, 2025, the main contract 2511 of polysilicon futures fluctuated. It opened at 53,630 yuan/ton and closed at 53,545 yuan/ton, down 0.34% from the previous trading day. The position of the main contract was 132,212 lots (134,898 lots the previous day), and the trading volume was 237,981 lots [4] - The spot price of polysilicon remained stable. The price of N - type material was 49.10 - 54.00 yuan/kg, and n - type granular silicon was 48.00 - 49.00 yuan/kg. The inventory of polysilicon manufacturers increased, and the inventory of silicon wafers decreased. The latest polysilicon inventory was 21.90 (a month - on - month change of 3.79%), the silicon wafer inventory was 16.55GW (a month - on - month change of - 1.78%), the weekly polysilicon output was 31,200 tons (a month - on - month change of 3.31%), and the silicon wafer output was 13.88GW (a month - on - month change of 0.73%) [4] - The price of domestic N - type 18Xmm silicon wafers was 1.33 yuan/piece (up 0.05 yuan/piece), N - type 210mm was 1.68 yuan/piece (up 0.05 yuan/piece), and N - type 210R silicon wafers were 1.43 yuan/piece (up 0.05 yuan/piece) [4] - Silicon wafer enterprises may raise prices. N - type silicon wafers - 183mm may rise to 1.35 yuan/piece, N - type silicon wafers - 210R to 1.45 yuan/piece, and N - type silicon wafers - 210mm to 1.7 yuan/piece. The price increase of 183mm is likely to be accepted by downstream, while the other two sizes need to pay attention to the transaction situation [6] - The price of high - efficiency PERC182 battery cells was 0.27 yuan/W, PERC210 battery cells were about 0.28 yuan/W, TopconM10 battery cells were about 0.32 yuan/W (up 0.01 yuan/W), Topcon G12 battery cells were 0.31 yuan/W (up 0.01 yuan/W), Topcon210RN battery cells were 0.29 yuan/W, and HJT210 half - cell battery was 0.37 yuan/W [6] - The mainstream transaction price of PERC182mm components was 0.67 - 0.74 yuan/W, PERC210mm was 0.69 - 0.73 yuan/W, N - type 182mm was 0.67 - 0.69 yuan/W, and N - type 210mm was 0.67 - 0.69 yuan/W [6] Strategy Industrial Silicon - The spot price rose slightly following the futures. The short - term supply - demand fundamentals are average. The short - term industrial silicon futures are affected by the overall commodity sentiment and policy - related news. Attention should be paid to whether there are policies for capacity withdrawal. If there are policies to promote, the futures may have room to rise [2] Polysilicon - The supply - demand fundamentals are average. The current futures are affected by the anti - involution policy and weak reality. Participants should pay attention to risk management. They need to continuously follow up on the implementation of policies and the downward transmission of spot prices. In the medium - to - long - term, it is suitable to go long on polysilicon at low prices. Short - term range operation is recommended [7]

每经记者｜黄鑫磊 每经编辑｜文多 近日，有消息称，晶科能源（SH688223，股价5.48元，市值548.29亿元）已就美国光伏巨头"第一太阳能"（First Solar）的专 利"US913074B2"，向美国专利审判和上诉委员会（PTAB）提出专利无效申请。 此前的2月25日，第一太阳能向美国特拉华州地方法院起诉晶科能源及其关联公司，指控其侵犯了第一太阳能持有的TOPCon（隧 道氧化物钝化接触技术）专利，专利号为US913074B2。 7月29日，晶科能源相关负责人向《每日经济新闻》记者确认了此事。这位负责人介绍，晶科能源在美国的知识产权保护工作做 得很好，该事件对公司而言并没有那么高的紧急程度。 晶科能源已做充足准备 据报道，涉案专利是第一太阳能在2013年通过收购"TetraSun"公司获得的TOPCon技术专利之一。 起诉前，第一太阳能执行副总裁、总法律顾问兼秘书Jason Dymbort称他们曾与晶科能源沟通，但结果失败了，导致他们不得不采 取法律手段。 图片来源：国家知识产权局官网 在国家知识产权局官网上可以查到疑似与US913074B2相关的中国发明专利CN102460715B。该专利发明人 ...