JinkoSolar's unusual activity concerns space photovoltaics! Recent institutional research reports on individual stocks released in the past week

Over the past week, more than 210 institutional investigations have been conducted on individual stocks, with Ying Tang Zhikong receiving the most institutional attention.

Ying Tang Zhikong has been investigated by 196 institutions, including 51 fund companies, 30 securities firms, 27 private equity firms, 11 insurance companies, and others. On January 29, 2026, the company approved the proposal for the issuance of shares and cash payment to purchase assets and raise supporting funds in a related-party transaction, intending to acquire 100% equity of Guanglong Integration and 100% equity of Ao Jian Microelectronics, with a total transaction price of 808 million yuan.

During investigations, the company stated that this acquisition is a continuation of its upstream semiconductor design and manufacturing transformation strategy since 2019, aiming to build on its existing optoelectronic sensing business to enter the high-growth optical communication core device field and create synergies.

Stocks such as Huachin Technology, Jinko Solar, and Zhongji Xuchuang also attracted attention from hundreds of institutions. Huachin Technology revealed during investigations that in 2026, the company will face a more complex external environment, such as shortages and price increases in storage chips and uncertain external policies. The company cautiously assesses that its overall operating revenue in 2026 is expected to grow by more than 15% year-on-year, with a higher profit growth rate. Meanwhile, the product structure will be further optimized, which will drive a moderate increase in overall gross profit margin.

Jinko Solar (688223) experienced significant stock price fluctuations due to the space photovoltaic concept. The company stated during investigations that photovoltaic is the future trend for long-term energy in space scenarios. Space photovoltaics have an energy density 7 to 10 times higher than ground-based systems, generate 4 to 7 times more power hours, and do not occupy land resources. According to third-party data reports, space photovoltaics are expected to open up a trillion-yuan-level incremental application scenario. Compared to gallium arsenide, perovskite has advantages in efficiency, future efficiency growth, ability to withstand space extreme environments, lightweight flexibility, and cost. If perovskite technology can be breakthrough in the future, it will significantly enhance space photovoltaic applications.

However, the company stated in its abnormal fluctuation announcement that “space photovoltaics” are still in the preliminary technological exploration stage. The industrialization process is affected by factors such as technological development, industry policies, and market environment. The application of technology and industrialization will still require a certain time cycle. As of now, the company’s main business products are still focused on ground-based photovoltaics, and it has no orders related to “space photovoltaics,” which has not affected the company’s operating performance. Investors are advised to exercise rational judgment.

Additionally, regarding the company’s contact with Elon Musk’s inspection team, verified information shows that the company has not engaged in any cooperation with the team, nor has it signed any framework or formal agreements, nor does it have any orders on hand.

In terms of market performance, stocks investigated by institutions over the past week have averaged a 0.15% increase, with stocks such as Zerun New Energy, Oulai New Materials, and Jinko Solar rising over 30%.

Zerun New Energy stated during investigations that in 2025, the proportion of direct and indirect shipments to North American customers decreased compared to the previous year. The company’s main North American customers include: 1. Customer A (a globally renowned thin-film module supplier), with which the company established cooperation in 2019; 2. Customer B (a well-known US electric vehicle and clean energy company, whose products are mainly used in high-end residential photovoltaic rooftop scenarios in North America), with cooperation established in 2017; 3. Customer C (a well-known crystalline silicon photovoltaic supplier across the industry chain), with cooperation established in 2022. The company is a major supplier in the supply chains of these customers.

Oulai New Materials revealed during investigations that some of its products have entered the integrated circuit packaging material supply systems of well-known semiconductor manufacturers such as Yua Semiconductor and SK Hynix, becoming qualified suppliers. The company is promoting the construction of a pilot base for integrated circuit target materials, continuously conducting technological research and development and product trials for sputtering targets used in semiconductor integrated circuits. In the future, it will push for more products to pass certification from leading semiconductor customers, gradually expanding its customer base in the semiconductor field while steadily increasing its share of supplies to existing clients, thereby boosting the proportion of semiconductor business revenue.

(Source: Data Treasure)