半导体行业布局顺利，紧抓大尺寸碳化硅材料历史机遇。1）半导体材料领域，公司完成12 英寸碳化硅 衬底关键技术突破，并建设加工中试线，加快推进碳化硅衬底片海外产能布局，抢抓第三代半导体材料 市场机遇；不断提高石英坩埚产品品质及服务能力，石英坩埚市场份额持续提升。 2）半导体精密零部件领域，公司加强核心零部件国产化的延伸布局，持续深化与产业链核心客户的合 作，不断提升产品供应与综合服务能力，紧抓半导体产业链国产化提速的行业趋势，公司半导体精密零 部件业务实现产业规模快速提升，市场竞争力持续增强。3）半导体设备端，公司开发了应用于芯片制 造的8-12 英寸减压外延设备、ALD 设备等薄膜沉积类设备，应用于先进封装的12 英寸减薄抛光机、12 英寸减薄抛光清洗一体机、超快紫外激光开槽设备。以差异化的工艺和技术优势，为客户提供优质的产 品和服务，有望跟随客户放量。 盈利预测：预计公司25-27 年实现营业收入110.79/109.42/119.27 亿元，归母净利润10.50/17.77/20.31 亿 元。公司深耕光伏设备，单晶炉龙头地位明确，紧抓大尺寸碳化硅材料历史机遇，首次覆盖，给予"推 荐"评级。 风险提示:下 ...

Group 1 - The core viewpoint is that Founder Securities has given an initial buy rating to Zhejiang Jingsheng Mechanical & Electrical Co., Ltd [1] Group 2 - The company is recognized for its potential in the market, indicating a positive outlook for investors [1] - The initial rating suggests confidence in the company's future performance and growth prospects [1] - This rating may attract investor interest and could lead to increased trading activity in the company's shares [1]

Group 1 - The core viewpoint is that Founder Securities has given an initial buy rating to Zhejiang Jing Sheng Mechanical and Electrical Co., Ltd [1]

Group 1 - The recent market fluctuations in the space photovoltaic sector were triggered by Elon Musk's visit, leading to significant declines in several stocks, including JunDa Co., Ltd. and others [1] - Companies like GCL-Poly Energy Holdings and GCL-Integrated are experiencing stock price increases following Musk's team's interest in collaboration on silicon and perovskite technologies [1] - Multiple companies, rumored to be visited by Musk, issued announcements regarding their space photovoltaic business operations [1] Group 2 - JinkoSolar stated that space photovoltaic technology is still in the early exploration phase, with no impact on its current business performance as it focuses on terrestrial photovoltaic products [2] - Jingcheng Machinery expressed that the application scenarios for space photovoltaics are still being explored, and the industrialization process faces uncertainties [2] - The China Photovoltaic Industry Association emphasized that space photovoltaic technology is in the initial exploration and verification stage, making it premature to determine a clear technical direction [2] Group 3 - During a seminar held by the China Photovoltaic Industry Association, regulatory authorities reiterated the importance of addressing "involution" within the industry as a key focus for the year [3] - The Ministry of Industry and Information Technology highlighted that the photovoltaic industry is undergoing a significant adjustment period, with unresolved supply-demand mismatches posing challenges for companies [3] - The governance of industry involution is prioritized as a critical task for the current year [3]

Core Viewpoint - Recent market rumors indicate that Elon Musk's team has visited several Chinese photovoltaic companies to explore projects related to equipment, silicon wafers, and battery components, with a focus on heterojunction and perovskite technology. However, companies have emphasized that no substantial cooperation has been established, and the concept of "space photovoltaics" remains in its early stages [1][3][4]. Company Responses - Companies such as JinkoSolar and GCL-Poly have confirmed that they have not entered into any formal agreements with Musk's team and that "space photovoltaics" is still in the exploratory phase, with no impact on their current business performance [3][4]. - JinkoSolar specifically noted that its main business remains focused on ground-based photovoltaic products and that it has not received any orders related to "space photovoltaics" [4]. Market Performance - As of February 5, the photovoltaic sector in the A-share market showed weakness, with most stocks, including JinkoSolar and Jinglong Technology, experiencing significant declines after previous gains [1][3]. - GCL-Poly was one of the few stocks to rise, increasing by 10.05% to 4.16 yuan, while other companies faced declines, reflecting the overall market sentiment [2]. Industry Challenges - The photovoltaic industry is currently undergoing a significant supply-demand imbalance, leading to substantial performance declines among many companies. JinkoSolar has projected a net loss of 5.9 to 6.9 billion yuan for 2025, while other companies like Longi Green Energy and Tongwei are also forecasting significant losses [5][6]. - The industry is in a low cycle, with many companies reporting losses, including Aiko Solar and TCL Zhonghuan, which are expected to face substantial financial challenges in the coming years [6][7]. Future Outlook - Elon Musk has expressed optimism about space photovoltaics, citing its advantages in extreme environments and its potential as a core energy source for satellites. He aims for SpaceX and Tesla to achieve an annual solar manufacturing capacity of 100 GW within three years [8].

Core Viewpoint - The recent interest in space photovoltaic technology has led to significant stock price fluctuations in the solar industry, but many companies have clarified that they have not engaged in any concrete projects with Elon Musk's team, highlighting the uncertainty surrounding the commercialization of space photovoltaic technology [2][4][9]. Group 1: Market Reactions - As of February 5, the Wind Photovoltaic Index fell by 4.56%, with several stocks, including Aotwei and Maiwei, dropping over 10% [2]. - In contrast, the space photovoltaic sector saw a temporary surge, with Jinko Solar hitting a 20% limit-up, alongside TCL Zhonghuan and others [3]. Group 2: Company Announcements - Multiple companies, including Jinko Solar, have issued announcements denying any collaboration with Musk's team, stating that they have not signed any agreements or received orders related to space photovoltaic projects [4][6]. - Dual Energy and Guosheng Technology also clarified that they have not engaged in any space photovoltaic business and that their current operations remain unaffected [5][6]. Group 3: Industry Insights - The space photovoltaic technology is still in the exploratory and verification stages, with significant uncertainties regarding its commercialization [9][10]. - The China Photovoltaic Industry Association emphasized that the development of any technology requires mature manufacturing capabilities and long-term reliability verification [9]. - Current space photovoltaic technologies, such as gallium arsenide (GaAs) and perovskite, face challenges in terms of cost and stability, with GaAs being the mainstream material but prohibitively expensive for large-scale deployment [10]. Group 4: Economic Considerations - The cost of electricity generated from space photovoltaic systems is currently estimated to be 2-3 USD per kilowatt-hour, significantly higher than the 0.03-0.05 USD per kilowatt-hour for ground-based photovoltaic systems [10]. - Without a drastic reduction in launch costs and a doubling of photovoltaic efficiency, the economic viability of space photovoltaic technology remains questionable [10].

Core Viewpoint - Multiple companies have denied the existence of executable projects in collaboration with Elon Musk's team, indicating significant uncertainty in the industrialization process of "space photovoltaics" [1][2][3][4][5][6] Company Responses - JinkoSolar (688223.SH) announced that it has not engaged in any cooperation with Musk's team and has no existing orders related to "space photovoltaics," emphasizing that the technology is still in the preliminary exploration stage [2] - Shuangliang Energy (600481.SH) stated that it has not confirmed any revenue related to commercial space projects in the past two years and that the development of related business faces uncertainty [2] - Guosheng Technology (603778.SH) clarified that it does not provide "space photovoltaic" systems and that its products are primarily used in terrestrial power plants [2] - High Measurement Technology (688556.SH) confirmed it has not engaged in any "space photovoltaic" business or collaborations [3] - Jingcheng Machinery (300316.SZ) reiterated that the application scenarios for "space photovoltaics" are still in the exploratory phase, with significant uncertainty in the industrialization process [4] Industry Insights - The "space photovoltaic" technology is still in the early stages of exploration and verification, according to industry experts [5][6] - The mainstream material for space photovoltaics remains gallium arsenide (GaAs), which, despite its high cost, has undergone long-term in-orbit verification [5][6] - Current cost estimates for space photovoltaics are significantly higher than terrestrial photovoltaics, with estimates of $2-3 per kilowatt-hour compared to $0.03-0.05 for ground-based systems [6]

资料显示，芯片ETF（159995）跟踪国证芯片指数，30只成分股集合A股芯片产业中材料、设备、 设计、制造、封装和测试等龙头企业，其中包括中芯国际、寒武纪、长电科技、北方华创等。其场外联 接基金为，A类：008887；C类：008888。 2月5日上午，A股三大指数集体下跌，上证指数盘中下跌0.79%，美容护理、食品饮料、社会服务 等板块涨幅靠前，有色金属、电力设备跌幅居前。芯片板块继续低迷，截至10:14，芯片ETF （159995.SZ）下跌2.69%，成分股晶盛机电下跌10.46%，拓荆科技下跌6.62%，芯原股份下跌5.89%。 1月半导体整体价格延续上涨，需求持续回暖。以存储价格为例，2026年1月存储模组价格整体涨跌 幅区间为13.51%~60.00%；存储芯片DRAM和NAND FLASH的价格涨跌幅区间为5.95%~63.43%，延续 去年12月涨势。 东海证券表示，行业需求在缓慢复苏，AI投资持续超预期，存储芯片涨价幅度超预期；海外压力 下自主可控力度依然在不断加大，目前市场资金热度相对较高，建议逢低布局。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网 ...

Group 1 - The space photovoltaic concept has experienced significant adjustments, with companies like Junda Co., Ltd. hitting the limit down, and others such as Jiejia Weichuang, Mingyang Smart Energy, Tianhe Guangneng, and Jinko Solar showing notable declines [1] - Jinko Solar announced that the "space photovoltaic" technology is still in the preliminary exploration stage, with no specific feasible projects yet, and its main business remains focused on ground photovoltaic products [1] - The photovoltaic industry is currently undergoing a deep adjustment period characterized by supply-demand imbalance, which poses potential risks for investors [1] Group 2 - Shuangliang Energy stated that it has not recognized any revenue related to commercial aerospace projects in the past two years, indicating uncertainty in future business development [2] - The "space photovoltaic" technology is still in the exploration and ground verification stages, with significant uncertainties regarding its commercialization path, cost structure, and operational systems [2] - Shuangliang Energy has not engaged in any space photovoltaic-related business, and the current technology has not contributed materially to the company's performance [2]

2月5日，晶盛机电跌7.57%，截至发稿，报57.50元/股，成交3.36亿元，换手率0.47%，总市值752.98亿 元。 资料显示，浙江晶盛机电股份有限公司位于浙江省杭州市临平区顺达路500号，成立日期2006年12月14 日，上市日期2012年5月11日，公司主营业务涉及晶体生长设备及其控制系统的研发、制造和销售。主 营业务收入构成为：设备及其服务70.48%，材料21.18%，其他8.34%。 从基金十大重仓股角度 数据显示，华润元大基金旗下1只基金重仓晶盛机电。华润元大安鑫灵活配置混合A（000273）四季度 持有股数1.33万股，占基金净值比例为4.12%，位居第十大重仓股。根据测算，今日浮亏损失约6.26万 元。 华润元大安鑫灵活配置混合A（000273）成立日期2013年9月11日，最新规模785万。今年以来收益 11.58%，同类排名865/8873；近一年收益48.75%，同类排名2022/8119；成立以来收益243.94%。 华润元大安鑫灵活配置混合A（000273）基金经理为李武群、洪潇。 截至发稿，李武群累计任职时间9年294天，现任基金资产总规模1.72亿元，任职期间最佳基金回报 ...