Core Viewpoint - The photovoltaic industry is experiencing a positive trend with rising component prices, yet the secondary market remains stagnant. However, JunDa Co., a leading photovoltaic battery manufacturer, has gained significant attention due to its early investment in a domestic satellite battery producer, Shangyi Optoelectronics, coinciding with the booming "commercial space" concept [2]. Group 1 - JunDa Co. plans to invest 30 million yuan to acquire a 16.67% stake in Shanghai Xingyi Chip Technology Co., which focuses on high-end materials like polyimide, further expanding into the trillion-yuan commercial space sector [3]. - The strategic shift from ground photovoltaic to space photovoltaic is underway, with a focus on developing CPI films and products that combine CPI films with crystalline silicon batteries, leveraging both companies' strengths in photovoltaic industrialization and space applications [4]. Group 2 - China has submitted applications for 203,000 new satellites, marking the largest international frequency application action to date. By the end of 2025, approximately 800 commercial satellites are expected to be in orbit, with 303 of them launched in 2025 [5]. - The demand for low Earth orbit (LEO) satellites is surging, with major projects planning to deploy nearly 28,000 satellites between 2024 and 2035 [5][7]. Group 3 - Solar energy is the only viable primary energy source in near-Earth orbit, but space photovoltaic technology faces unique challenges such as extreme temperatures and radiation. Current mainstream technologies like gallium arsenide batteries are expensive, while P-type HJT batteries are gaining traction for short-term missions [8]. - The market for space photovoltaic components is projected to reach approximately 29.5 billion yuan by 2030, driven by the need for lightweight, high-transparency, and extreme environment-resistant flexible packaging materials [8]. Group 4 - CPI films are identified as a core component for space photovoltaics, offering high transparency (90%-95%), lightweight properties (one-fifth to one-sixth the density of glass), and excellent durability under extreme temperatures [10]. - The estimated demand for CPI films is around 7.2 million square meters, assuming each square meter of space photovoltaic components requires 1.2 square meters of CPI film [10]. Group 5 - The global high-end CPI production capacity is currently very tight, with the actual usable capacity for space-grade CPI being even scarcer due to higher purity and stability requirements. As the global low Earth orbit constellation scale approaches 500,000 satellites, the market for CPI films is expected to expand significantly [12].

Core Viewpoint - JunDa Co., Ltd. plans to invest 30 million yuan in Shanghai Xingyi Chip Energy Technology Co., Ltd. to acquire a 16.6667% stake, marking a strategic shift from terrestrial photovoltaic to space photovoltaic [1][4]. Group 1: Investment Details - The investment involves subscribing to 461,539 yuan of the newly registered capital of Xingyi Chip Energy, based on a pre-investment valuation of 150 million yuan [4]. - The transaction has been approved by the company's management and does not require further board or shareholder approval [4]. - The partnership will focus on the research and production of CPI films and related products, leveraging both companies' technological and resource advantages [1][6]. Group 2: Market Opportunity - The collaboration aims to capture opportunities in the trillion-dollar market for low Earth orbit satellite networking and space computing [1][6]. - Multiple institutions, including Dongwu Securities and Guojin Securities, predict that the global space photovoltaic market will grow to a scale of trillions [6]. Group 3: Technical Aspects - CPI films are considered the "core foundation" of space photovoltaics, characterized by high transparency and lightweight properties, suitable for deployable solar wings [7]. - The current global production capacity for high-end CPI films is extremely tight, with space-grade CPI being even scarcer due to higher purity and stability requirements [7]. Group 4: Strategic Synergy - The partnership is expected to create synergies with the company's existing photovoltaic business, broadening the application scenarios of its products [6]. - The joint venture will be exclusive, with a board consisting of five directors, one of whom will be appointed by JunDa Co., Ltd. [6].

Group 1 - The core point of the news is that JunDa Co., Ltd. has signed an investment agreement with Shanghai Xingyi Chip Energy Technology Co., Ltd., acquiring a 16.6667% stake by investing 30 million yuan [1] - The target company, Xingyi Chip Energy, was established on January 6, 2026, with a registered capital of 1.5 million yuan, and is set to take over all assets, personnel, and business from Hangzhou Shangyi Optoelectronics Technology Co., Ltd. [1] - The partnership will lead to the establishment of a joint venture for the production of CPI films and products combining CPI films with crystalline silicon batteries, with exclusivity clauses preventing the target company from collaborating with third-party photovoltaic companies in these areas [1] Group 2 - On December 29, 2025, JunDa Co., Ltd. announced a strategic cooperation framework agreement with Hangzhou Shangyi Optoelectronics, focusing on the research and industrialization of flexible perovskite technology for space applications [2] - The collaboration aims to enhance China's autonomous capabilities in aerospace energy components and includes joint R&D of space perovskite products, with JunDa Co. acting as a strategic investor [2] - Shangyi Optoelectronics is noted as a rare domestic satellite battery manufacturer, having completed foundational verification of perovskite materials in space environments, which supports future on-orbit validation [2] Group 3 - The purpose of the equity cooperation is to seize opportunities in the global low-orbit satellite networking and space computing industry, leveraging both companies' strengths in photovoltaic industrialization and perovskite technology [3] - This collaboration is expected to create synergies with JunDa Co.'s existing photovoltaic business, expanding the application scenarios of its products and facilitating a strategic shift from terrestrial to space photovoltaic applications [3] - The partnership aligns with the company's long-term strategic investment plan and aims to enhance its core competitiveness [3]

格隆汇1月14日丨钧达股份(002865.SZ)公布，公司于2026年1月13日与上海星翼芯能科技有限公司（简 称"星翼芯能"或"目标公司"）及其创始团队、原股东等相关方签署了《增资协议》及《股东协议》，约 定公司拟以现金出资人民币3,000万元，认购目标公司新增注册资本人民币46.1539万元，获得目标公司 16.6667%的股权。星翼芯能系由杭州尚翼光电科技有限公司（简称"尚翼光电"或"原业务主体"）团队创 始人及创始股东新设的项目公司，用于承接尚翼光电的全部资产、人员及业务，并且后续尚翼光电将调 整为目标公司的全资子公司。 本次股权合作的推进，旨在把握全球低轨卫星组网及太空算力产业的发展机遇，有利于充分发挥双方在 光伏产业化能力、钙钛矿技术积淀、太空场景适配能力及航天资源整合领域的核心优势，实现优势互 补、互惠共赢。本次合作与公司现有光伏主业具有协同效应，能够有效拓宽公司产品的应用场景边界， 助力公司从地面光伏领域向太空光伏领域的战略延伸，契合公司长期战略投资规划，有利于进一步提升 公司核心竞争力。 ...

Core Viewpoint - The collaboration between JunDa Co., Ltd. and Xingyi Xinneng Technology aims to leverage opportunities in the global low-orbit satellite networking and space computing industry, enhancing both companies' strengths in photovoltaic industrialization and perovskite technology [1] Group 1: Investment Details - JunDa Co., Ltd. has agreed to invest 30 million yuan to acquire a 16.67% stake in Xingyi Xinneng Technology [1] - The partnership will establish a joint venture focused on the production of CPI membranes and products combining CPI membranes with crystalline silicon batteries [1] Group 2: Strategic Objectives - The collaboration is designed to complement each company's core advantages in photovoltaic industrialization, perovskite technology, and aerospace resource integration [1] - This partnership is expected to broaden the application scenarios of JunDa's products, facilitating a strategic extension from ground photovoltaic applications to space photovoltaic applications [1]

Group 1 - The company JunDa Co., Ltd. plans to invest 30 million yuan in Shanghai Xingyi Chip Energy Technology Co., Ltd. to acquire a 16.6667% stake by subscribing to the new registered capital of 46153.9 yuan [1] - The partnership aims to establish a joint venture for the production of CPI membranes and products combining CPI membranes with crystalline silicon batteries [1] - This collaboration is intended to seize opportunities in the global low-orbit satellite networking and space computing power industries, leveraging both companies' strengths in photovoltaic industrialization, perovskite technology, space scenario adaptation, and aerospace resource integration [1]

Group 1 - The company, Junda Co., Ltd. (002865.SZ), announced a cash investment of 30 million yuan to acquire 16.6667% equity in Shanghai Xingyi Chip Energy Technology Co., Ltd. through a capital increase of 46153.9 yuan [1] - The partnership aims to establish a joint venture for the production of CPI membranes and products combining CPI membranes with crystalline silicon batteries, leveraging both parties' strengths in the photovoltaic industry and space-related technologies [1] - This collaboration is positioned to capitalize on the global opportunities in low-orbit satellite networking and space computing industries, promoting mutual benefits and resource integration [1]

证券代码：002865 证券简称：钧达股份 公告编号：2026-004 海南钧达新能源科技股份有限公司 关于对外投资参股上海星翼芯能科技有限公司的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、对外投资概述 1、海南钧达新能源科技股份有限公司（以下简称"钧达股份"或"公司"） 于 2026 年 1 月 13 日与上海星翼芯能科技有限公司（以下简称"星翼芯能"或"目 标公司"）及其创始团队、原股东等相关方签署了《增资协议》及《股东协议》， 约定公司拟以现金出资人民币 3,000 万元，认购目标公司新增注册资本人民币 46.1539 万元，获得目标公司 16.6667%的股权。星翼芯能系由杭州尚翼光电科技有 限公司（以下简称"尚翼光电"或"原业务主体"）团队创始人及创始股东新设 的项目公司，用于承接尚翼光电的全部资产、人员及业务，并且后续尚翼光电将 调整为目标公司的全资子公司。 2、该事项已经公司总经理办公会审议通过，履行了必要的审议程序，无需提 交董事会及股东会审议，尚需办理工商注册登记等相关手续。 3、本次交易事项不构成关联交易，也不构成《上市公司重 ...

Group 1 - The core point of the news is that JunDa Co., Ltd. has seen a significant stock price increase of 51.97% over the past six days, with a current price of 84.88 CNY per share and a market capitalization of 24.835 billion CNY [1] - JunDa Co., Ltd. specializes in the research, production, and sales of photovoltaic cells, with its main products including N-type TOPCon monocrystalline cells and PERC monocrystalline cells, primarily used in solar power generation [1] - The company's revenue composition is heavily reliant on photovoltaic cell sales, accounting for 99.79% of total revenue, with other sources contributing only 0.21% [1] Group 2 - Among the top shareholders of JunDa Co., Ltd., Huatai Bairui Fund holds a position, while the photovoltaic ETF (515790) reduced its holdings by 7.09 thousand shares in the third quarter, now holding 181.84 thousand shares, which is 0.63% of the circulating shares [2] - The photovoltaic ETF (515790) has achieved a year-to-date return of 7.18% and a one-year return of 46.99%, ranking 1656 out of 5520 and 1747 out of 4203 respectively [2] Group 3 - The fund managers of the photovoltaic ETF (515790) are Li Qian and Li Mu Yang, with total fund assets of 424.27 billion CNY and 297.68 billion CNY respectively [3] - Li Qian has a tenure of 6 years and 73 days, with the best fund return during this period being 105.19% and the worst being -18.35% [3] - Li Mu Yang has a tenure of 5 years and 10 days, with the best fund return being 181.37% and the worst being -37.92% [3]

Strong Stocks - As of January 13, the Shanghai Composite Index fell by 0.64% to 4138.76 points, the Shenzhen Component Index decreased by 1.37% to 14169.4 points, and the ChiNext Index dropped by 1.96% to 3321.89 points [1] - A total of 75 stocks in the A-share market hit the daily limit, with the top three strong stocks being: Luxin Venture Capital (600783), Hangxiao Steel Structure (600477), and Julong Cable (002342) [1] - Detailed data for the top 10 strong stocks includes: - Luxin Venture Capital (600783): 13 days with 11 limit-ups, turnover rate of 20.18%, and closing price of 54.9 - Hangxiao Steel Structure (600477): 4 consecutive limit-ups, turnover rate of 15.79%, and closing price of 16.3 - Julong Cable (002342): 4 consecutive limit-ups, turnover rate of 39.34%, and closing price of 48.2 [1] Strong Concept Sectors - The top three concept sectors with the highest gains in the A-share market are: AI Applications, CRO Concept, and Cell Immunotherapy [2] - Detailed data for the top 10 concept sectors includes: - AI Applications: increased by 10.3% - CRO Concept: increased by 3.56% - Cell Immunotherapy: increased by 2.92% [3]