Institutional Research | Smart Grid + Green Power + Perovskite
This company hits the daily limit up against the trend, actively developing power supply and energy storage businesses for computing centers

On May 12th, multiple listed companies released investor relations activity record announcements, disclosing their business communication content with institutions, revealing many progress and highlights in their business layouts.

Solar Energy: Actively Developing Power Supply and Energy Storage Business for Computing Centers

Solar Energy disclosed at yesterday’s earnings presentation that the company is actively developing power supply and energy storage businesses for computing centers, having communicated and connected with multiple computing power companies, and attempting to develop direct green electricity connection projects.

It is reported that the company has built 12 energy storage stations with a total capacity of 518.5MW/1242MWh, and has accumulated an independent energy storage filing scale of 2820MW/7940MWh, with sufficient project reserves.

Solar Energy stated that in the future, the company will focus on AI computing energy storage, transformer area energy storage, green electricity direct connection energy storage, zero-carbon park energy storage, virtual power plant energy storage, and independent energy storage on the grid side, steadily promoting the development and construction of high-quality energy storage projects, strengthening the tracking and research of new energy storage technologies such as long-duration storage and grid-forming energy storage, and conducting pilot applications at appropriate times.

Regarding perovskite, Solar Energy introduced that, as of now, the company’s small-area perovskite/crystalline silicon tandem cell photoelectric conversion efficiency has exceeded 33%, with 210 half-cell tandem cells reaching an efficiency of 29%, and core technical indicators leading the industry, laying a solid technological foundation for the iteration and upgrade of next-generation high-efficiency photovoltaic products.

Subsequently, the company will implement a 10MW perovskite/crystalline silicon tandem pilot production line, overcome mass production integration processes, promote industrialization; improve standards and evaluation systems, promote international mutual recognition; and timely promote demonstration projects, expanding diversified application scenarios and recycling.

During the earnings presentation, Solar Energy openly stated that the current company valuation is relatively low, and the stock price has not fully reflected the company’s intrinsic value and long-term growth potential. The company is confident about future development, will continue to manage operations well, and steadily improve profitability and core competitiveness to reward investors with solid performance.

Regarding future development plans, Solar Energy said that the company will adhere to a combination of independent development and acquisitions, accelerate the landing of overseas photovoltaic power station projects; deepen manufacturing asset-light reforms, promote technological upgrades of production lines and the landing of 10MW perovskite/crystalline silicon tandem pilot lines; cultivate new business growth drivers, increase project development of AI computing energy storage, green electricity direct connection energy storage, and other new independent energy storage projects, and realize investment and implementation; strengthen component recycling and other strategic emerging industries, expand power purchase and sales services, and create a second growth curve for sustainable development; actively explore non-electrical utilization modes such as solar thermal, photovoltaic hydrogen, ammonia, and alcohol, seeking new business development models; and strive to improve performance.

Solar Energy focuses on integrated solar energy applications, dedicated to the investment, construction, and operation of photovoltaic power stations, as well as the production, sales, and service of photovoltaic products.

Southwest Securities previously pointed out that, as a leading central enterprise in China’s photovoltaic power generation field, Solar Energy, although short-term industry difficulties affect its module business, its core power generation business remains stable due to scale expansion.

In the secondary market, Solar Energy’s stock surged to the daily limit in early trading today, with a gain of 17.23% over the past five trading days.

Philips: Has Developed a Batch of High-Quality Global Copper Clad Laminate Customers

Philips stated at yesterday afternoon’s online earnings presentation that quartz electronic fabric, due to its excellent dielectric loss and ultra-low expansion coefficient, is the preferred material for high-frequency high-speed copper clad laminates (CCL). In 2025, quartz electronic fabric is expected to achieve sales revenue of 98.37 million yuan. “The company’s quartz electronic fabric project is still in the stage of small batch testing and certification with end customers, having developed a batch of high-quality global copper clad laminate customers, and established stable cooperation with internationally renowned downstream companies.”

It is introduced that Philips is one of the first domestic quartz material suppliers to obtain access certification from the world’s three major semiconductor equipment manufacturers, with full-category service capabilities for gas-fired quartz glass, synthetic quartz glass, and electric-fused quartz glass materials and products, providing stable and reliable material solutions for advanced semiconductor processes. Against the backdrop of high prosperity in the semiconductor industry and domestic substitution, the company is seizing development opportunities and continuously increasing capacity for high-purity quartz materials.

Through continuous independent R&D, the company has launched various high-end ultra-thin fabrics, ultra-thin fabrics, ultra-fine yarns, and ultra-fine yarns, and successfully developed high-performance electronic-grade quartz fibers and quartz fabrics with ultra-low dielectric loss and ultra-low expansion coefficients, making it one of the few domestic manufacturers capable of providing such products. In the quartz electronic fabric industry chain, the company has integrated R&D and production capabilities across all links, from quartz sand, quartz rods, quartz electronic yarns to quartz electronic fabrics.

Additionally, the company is the leading supplier of quartz glass fibers used in the aerospace field in China, with quartz fiber products mainly serving the domestic aerospace market.

Philips mainly engages in the technological development, technology transfer, technical consulting, and technical services of new material products and equipment; manufacturing and sales of quartz glass materials, quartz glass products, quartz fiber materials, composites, and products. Its products support fields such as aerospace, semiconductors, optics, electronics, photovoltaics, and optical communications.

By 2025, the company aims to achieve revenue of 2.02B yuan, a year-on-year increase of 15.76%; net profit attributable to shareholders of 443 million yuan, up 41.04%. In the first quarter of this year, the company achieved revenue of 622 million yuan, a year-on-year increase of 53.04%; net profit attributable to shareholders was 144 million yuan, up 36.77%.

Orient Securities’ latest research report pointed out that the company has long-term stable support for the aerospace field, and with the industry recovery, military products are expected to underpin performance. Meanwhile, quartz electronic fabric is a core material supporting semiconductors, which is expected to see rapid development. The company’s ultra-thin quartz electronic fabric products are expected to open up a broad market in the semiconductor supporting field.

In the secondary market, Philips’ stock price surged by 12.71% today against the trend, with a gain of 35.95% over the past five trading days.

(Article source: Eastmoney Research Center)