According to the Guojin Securities Research Report, the focus is on “space photovoltaics” as one of the strongest power generation lines for some time to come, and even through 2026. The underlying investment logic of space photovoltaics is solid and urgent: 1) Uniqueness: PV is the only viable and reliable power supply solution for long-term orbital operation of all spacecraft now and in the foreseeable future, and there is no alternative to the technical path; 2) Urgency: the “first come, first served” rule for low-Earth orbit and spectrum resources established by the International Telecommunication Union makes the number of satellite launches and deployment speed directly related to national space strategic advantages and commercial initiatives, driving the urgent need for cost-effective, lightweight space solar systems in the satellite market.

According to the Guojin Securities Research Report, the focus is on “space photovoltaics” as one of the strongest power generation lines for some time to come, and even through 2026. The underlying investment logic of space photovoltaics is solid and urgent: 1) Uniqueness: PV is the only viable and reliable power supply solution for long-term orbital operation of all spacecraft now and in the foreseeable future, and there is no alternative to the technical path; 2) Urgency: the “first come, first served” rule for low-Earth orbit and spectrum resources established by the International Telecommunication Union makes the number of satellite launches and deployment speed directly related to national space strategic advantages and commercial initiatives, driving the urgent need for cost-effective, lightweight space solar systems in the satellite market.