HK Stock Market Move | Photovoltaic stocks overall rose, with commercial aerospace driving long-term demand in the industry chain. Institutions pointed out that space photovoltaics are expected to become the second growth curve in the industry.

Photovoltaic stocks rose across the board. As of the time of writing, Triumph New Energy (01108) rose by 6.04% to 4.04 Hong Kong dollars; FLAT GLASS (06865) rose by 5.57% to 11.38 Hong Kong dollars; XINYI SOLAR (00968) rose by 3.41% to 3.34 Hong Kong dollars; GCL TECH (03800) rose by 4.67% to 1.12 Hong Kong dollars; XINTE ENERGY (01799) rose by 3.13% to 7.57 Hong Kong dollars. In terms of news, Shenwan Hongyuan Group research report pointed out that China has submitted an application for a constellation of over 200,000 satellites, marking a new stage in the large-scale deployment of commercial aerospace, which will directly drive long-term demand for space photovoltaics. Space photovoltaics are facing a technological iteration path from efficient gallium arsenide to large-scale silicon-based HJT, and then to far-term perovskite layering. In the industry chain, key equipment and battery component suppliers are expected to benefit from market expansion and technological upgrades. Dongxing expressed that if the concept of space data centers is realized, with reference to Musk's proposed goal of 100GW space computing power deployment, based on a 30% photovoltaic system conversion efficiency calculation, it will directly stimulate a demand for over 800GW of space photovoltaic installation in the future. China Great Wall believes that the domestic commercial aerospace industry has entered a period of collective catch-up, and may be more motivated to choose the perovskite layering route with better product performance and cost space, adding important chips for subsequent overtaking on the curve. After experiencing this round of near-Earth orbit practice, the space photovoltaic industry chain will also be better able to undertake the subsequent surge in space computing power, ushering in huge opportunities for market expansion and restructuring in the industry.