On February 4, market rumors emerged that Elon Musk's team had conducted intensive research into several leading Chinese photovoltaic (PV) companies, including TCL Zhonghuan, Jinko Solar, and Jingcheng Electromechanical. Boosted by this news, the A-share PV sector strengthened overall that day, with the concept of "space-based photovoltaics" becoming a focal point for capital, leading to consecutive limit-ups for multiple related stocks. After the market closed, several companies whose stock prices had fluctuated due to this concept issued announcements clarifying the widely discussed space-based PV business and warning investors of the associated risks.

Guosheng Technology: Not Involved in Space-Based PV Business; HJT Products Applied in Ground-Based Power Plants
Guosheng Technology, which had secured "two consecutive limit-ups," issued an announcement in response to reports from some self-media outlets claiming that the company provides HJT PV systems to a commercial aerospace company and is involved in space-based PV business. The company explicitly stated that its heterojunction (HJT) cell modules are primarily used in traditional scenarios such as centralized and distributed power plants and that it has not engaged in any space-based PV-related business. It reminded investors to make rational judgments and not to trust unofficial information.

Shuangliang Energy Saving: Space-Based PV Still in Exploration Phase; No Commercial Aerospace Revenue in Recent Two Years
Shuangliang Energy Saving, which also achieved "two consecutive limit-ups," noted in its announcement that the application scenarios for space-based PV are still in the early exploration stage, with significant uncertainties regarding industrial implementation. The company has not yet engaged in space-based PV-related business, and any related developments will not have a substantial impact on its current performance. The company further clarified that it has not recognized any revenue from commercial aerospace projects in the past two years, and the progress of related businesses remains uncertain. It warned investors to be cautious of the risks associated with speculative trading.

Jingcheng Electromechanical: Warns of Speculative Trading Risks; Business Focuses on PV Equipment and Materials
Jingcheng Electromechanical issued a risk warning regarding the highly discussed concept of space-based PV, noting that this field is still in the exploration stage with unclear industrial prospects. The company's main business focuses on the research, production, and sales of PV silicon wafer, cell, and module equipment, as well as auxiliary materials such as quartz crucibles and diamond wires. The increased market enthusiasm for the PV sector may indirectly affect market expectations. The company specifically reminded investors to recognize the risks in the secondary market, avoid blindly chasing trends, make prudent decisions, invest rationally, and steer clear of investment losses caused by speculative trading.

The collective clarifications from these companies indicate that the concept of space-based PV in the A-share market remains at the level of market expectations, with no substantial business layout or industrial implementation yet established by related enterprises.