智通财经APP获悉，钧达股份(02865)涨超9%，截至发稿，涨9.33%，报30港元，成交额2.12亿港元。
消息面上，华泰证券认为，公司是光伏行业首家“A+H”两地上市的专业N型TOPCon电池龙头，同时快速切入商业航天高景气赛道。光伏电池基本盘依托技术领先优势与全球化产能布局，1Q26盈利率先转正，成为同期行业中少数实现扭亏的企业之一；商业航天业务通过精准股权投资快速落地，成为国内稀缺的同时掌握太空光伏核心技术与卫星整星制造能力的平台型企业，有望开辟公司中长期第二成长曲线。
该行指出，市场当前普遍认为公司商业航天业务仍处于布局初期，实质性利润贡献尚需较长时间。但该行认为公司当前股价主要受市场对商业航天预期边际变动的影响。该行拆解公司商业航天业务放量节奏与利润贡献：26-28E公司商业航天业务对应归母净利润分别为0.21/0.82/2.38亿元，占公司归母净利比例3.60%/8.47%/16.80%，2028年有望开始形成一定利润贡献。
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