中金：宏观叙事下商业航天板块热度高持续看好相关制造产业端落地催化

智通财经网01-15

智通财经APP获悉，中金发布研报称，近日，宏观叙事下商业航天板块热度高，国内商业航天政策加速(航天司设立等)、技术进步加速(火箭回收试验等)，均带来实质性商业航天和太空光伏的短期催化；中期看，全球低轨星座进入密集组网期；长期看，太空算力布局进一步打开需求空间。技术发展方面，钧达股份参股星翼芯能，双方CPI膜等生产制造合资企业，CPI具备高透光率、耐高温性、良好的机械强度和延展性等优势，有望成为太阳...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2603398670?lang=zh_CN&edition=full","thumbnail":"https://img.zhitongcaijing.com/image/20260115/20260115163739_65759.png?x-oss-process=image/format,jpg/quality,Q_80/resize,w_250","is_english":false,"pubTime":"2026-01-15 16:27","share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","id":"2603398670","market":"sg","top_or_hot":-1,"title":"中金：宏观叙事下商业航天板块热度高 持续看好相关制造产业端落地催化","media":"智通财经网","content":"<div>\n<p>智通财经APP获悉，中金发布研报称，近日，宏观叙事下商业航天板块热度高，国内商业航天政策加速(航天司设立等)、技术进步加速(火箭回收试验等)，均带来实质性商业航天和太空光伏的短期催化；中期看，全球低轨星座进入密集组网期；长期看，太空算力布局进一步打开需求空间。技术发展方面，钧达股份参股星翼芯能，双方CPI膜等生产制造合资企业，CPI具备高透光率、耐高温性、良好的机械强度和延展性等优势，有望成为太阳...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1393299.html\">网页链接</a>\n\n</div>\n","source":"highlight_zhitongcaijin","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>中金：宏观叙事下商业航天板块热度高 持续看好相关制造产业端落地催化</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n中金：宏观叙事下商业航天板块热度高 持续看好相关制造产业端落地催化\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-15 16:27 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1393299.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，中金发布研报称，近日，宏观叙事下商业航天板块热度高，国内商业航天政策加速(航天司设立等)、技术进步加速(火箭回收试验等)，均带来实质性商业航天和太空光伏的短期催化；中期看，全球低轨星座进入密集组网期；长期看，太空算力布局进一步打开需求空间。技术发展方面，钧达股份参股星翼芯能，双方CPI膜等生产制造合资企业，CPI具备高透光率、耐高温性、良好的机械强度和延展性等优势，有望成为太阳...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1393299.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0277","symbol_name":"土木工程","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1393299.html","article_id":"2603398670","we_media_id":null,"thumbnails":["https://img.zhitongcaijing.com/image/20260115/20260115163739_65759.png?x-oss-process=image/format,jpg/quality,Q_80/resize,w_250"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603398670","pubTimestamp":1768465648,"columns":[],"sourceInfo":{"source_id":"highlight_zhitongcaijin","name":"智通财经网"},"weMediaInfo":null,"summary":"当前中国光伏制造厂商在钙钛矿技术研发和试验储备完善，在短中期太空光伏商业化落地的关键窗口期有望呈现成长弹性。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"300118":"东方日升","605598":"上海港湾","688223":"晶科能源","688599":"天合光能","BK0277":"土木工程","BK0054":"太阳能发电","02865":"钧达股份","BK0158":"能源互联网","BK0197":"中小创蓝筹","BK1163":"半导体产品","BK0224":"电气机械","BK0186":"小盘成长","BK0028":"国家队"},"translate_title":"CICC: Under the macro narrative, the commercial aerospace sector is hot and continues to be optimistic about the catalysis of the implementation of related manufacturing industries","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"300118":1,"605598":1,"688223":1,"688599":1,"02865":1},"content_text":"智通财经APP获悉，中金发布研报称，近日，宏观叙事下商业航天板块热度高，国内商业航天政策加速(航天司设立等)、技术进步加速(火箭回收试验等)，均带来实质性商业航天和太空光伏的短期催化；中期看，全球低轨星座进入密集组网期；长期看，太空算力布局进一步打开需求空间。技术发展方面，钧达股份参股星翼芯能，双方CPI膜等生产制造合资企业，CPI具备高透光率、耐高温性、良好的机械强度和延展性等优势，有望成为太阳翼柔性封装方案之一。中金主要观点如下：低轨卫星轨道与频段资源竞争加速，宏观叙事下板块高热度近日，国际电信联盟(ITU)披露的最新数据显示，中国向国际电信联盟(ITU)提交了新增20.3万颗卫星申请。中金认为，国内商业航天政策加速(航天司设立等)、技术进步加速(火箭回收试验等)，均带来实质性商业航天和太空光伏的短期催化；中期看，全球低轨星座进入密集组网期；长期看，太空算力布局进一步打开需求空间。整体板块持续存在交易机会。头部晶硅电池厂股权合作落地，技术成果商业化加速根据公司公告，钧达股份于1月13日与星翼芯能及其创始团队、原股东等相关方签署了《增资协议》及《股东协议》，约定拟以现金出资3,000  万元，获得目标公司16.6667%的股权。星翼芯能用于承接尚翼光电的全部资产、人员及业务，并且后续将调整为目标公司的全资子公司。星翼芯能及其下属公司与钧达股份及其下属公司双方成立CPI膜、CPI膜与晶硅电池结合产品的生产制造合资企业，且双方互相排他。CPI具备高透光率、耐高温性、良好的机械强度和延展性等优势，有望成为太阳翼柔性封装方案之一。产业链制造企业参与度增强，看好相关补涨标的机会除此前分析标的(钧达股份(02865)、东方日升(300118.SZ)、上海港湾(605598.SH))外，目前亦有其他晶硅制造企业官宣太空钙钛矿应用场景探索，包括但不限于：1)晶科能源(688223.SH)：公司公布与人工智能+机器人赋能研发创新的平台型企业晶泰科技签署战略合作协议，双方将共同成立合资公司，推进基于AI  技术的高通量钙钛矿叠层太阳能电池合作研发。2)天合光能(688599.SH)：公司公布其光伏科学与技术全国重点实验室已系统构建了覆盖晶体硅、钙钛矿以及砷化镓等三五族化合物电池的完整技术体系。公司实验室以886W的成绩刷新3.1  ㎡大面积钙钛矿/晶体硅叠层组件功率世界纪录，同时在钙钛/P 型异质结(HJT)叠层电池研发效率上取得重大突破。中金认为，当前中国光伏制造厂商在钙钛矿技术研发和试验储备完善，在短中期太空光伏商业化落地的关键窗口期有望呈现成长弹性。风险因素技术进步不及预期，融资环境不及预期。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603398670","isCrawlerRequest":true}

中金：宏观叙事下商业航天板块热度高 持续看好相关制造产业端落地催化

精彩评论

中金：宏观叙事下商业航天板块热度高持续看好相关制造产业端落地催化