DKEM (300842) is proactively laying out a new track for space photovoltaic, as domestic commercial aerospace enters an accelerated development phase

According to reports from Reuters and other media, global commercial space giant SpaceX is accelerating its IPO process, with expectations to list on Nasdaq as early as June 12, and the market anticipates its valuation and fundraising scale to be at a high level. As the expectation for SpaceX's IPO in June continues to ferment, domestic commercial space is also developing rapidly. As a core energy support, the space photovoltaic segment is accelerating its entry into mainstream institutional investment portfolios due to its high technical barriers and high added value. Against the backdrop of industrial resonance, the leading photovoltaic conductive silver paste company, DKEM (300842.SZ), is continuously extending its strategic reach into high-end fields based on its common advantages in underlying material technology. Commercial space enters a high prosperity cycle, and the market space for space photovoltaics is accelerating Commercial space is undergoing a historic leap from the "technology validation period" to "commercial profitability." The expectation of SpaceX's IPO is not only an important milestone in its own capitalization process but is also seen as a catalyst for the comprehensive explosion of global low-orbit satellite internet systems, deep space exploration, and other industries. With the continuous increase in demand for commercial space, the importance of space energy systems is rapidly becoming prominent. As the core energy supply method for spacecraft, solar cells and their supporting materials are ushering in new industrial opportunities. Several brokerage research reports indicate that space photovoltaics not only represent the future direction of energy technology development but are also an important track for high-end material companies to achieve technological upgrades and added value enhancement. Compared to traditional ground photovoltaics, space photovoltaics place higher demands on conductive paste in terms of radiation resistance, high and low-temperature cycling, and conductivity stability, possessing technical barriers and long-term growth potential. Industry insiders state that "communication satellites" and "computing power in space" will become the two core sources of demand for space photovoltaics in the future. It is expected that from 2026 to 2028, the global installed capacity of space photovoltaics is expected to reach 413MW, 1426MW, and 4277MW, respectively. The total demand for space photovoltaic installations corresponding to future space computing constellations is expected to exceed 100 GW, with a corresponding market space reaching trillions of yuan. DKEM's forward-looking layout in the space photovoltaic field, achieving application breakthroughs with high-reliability products As a leading domestic photovoltaic conductive paste company, DKEM has been continuously promoting the research and development of high-end conductive materials in recent years and actively laying out frontier application directions such as space photovoltaics. According to the company's publicly disclosed investor relations activity records, the company and its subsidiaries continue to focus on the application of conductive paste products in high-reliability demand fields such as space photovoltaics, forming relevant product reserves and technical layouts around P-type PERC, P-type HJT, and perovskite stacked batteries. Some high-reliability conductive paste products have already achieved commercial application in satellite solar wings, and some electronic component paste products have also entered the satellite communication field, demonstrating that the company has a practical industrialization foundation in aerospace-grade materials. At the same time, the company has also clearly stated in its private placement project that it will focus on continuous R&D investment in frontier metallization technology, high-end fine-line products, space photovoltaic paste, pure copper paste, and other directions. This indicates that DKEM is gradually transforming from a traditional photovoltaic material company into a new material platform company with high reliability and high added value With the accelerated development of global commercial aerospace and the gradual realization of emerging demands such as satellite internet and space data centers, aerospace-grade photovoltaic conductive materials are expected to welcome a new industrial expansion cycle. DKEM, relying on its first-mover advantage and industrialization capabilities, is likely to be among the first to benefit from the industry's trend development. Global layout combined with technological leadership, DKEM continues to strengthen its core competitiveness In recent years, DKEM has continuously deepened its global strategic layout, promoting technological collaboration and product upgrades around core customer needs, gradually forming a business system that covers the mainstream photovoltaic markets worldwide. According to public information, the company has cooperative production capacity in Taiwan, China, and South Korea through entrusted processing, possessing production supply capabilities for overseas demand. On the technical level, the company has long focused on the research and development of high-performance photovoltaic conductive pastes, continuously advancing key technological breakthroughs such as copper-based silver reduction, and has strong product reserves in new generation technology routes including TOPCon, HJT, BC batteries, and perovskite tandem cells. As the photovoltaic industry continues to evolve towards higher efficiency and lower costs, the importance of conductive pastes as a core auxiliary material has further increased. DKEM has a strong competitive foundation due to its years of accumulated technological advantages in the field of photovoltaic conductive pastes. With the continuous increase in global satellite internet, space computing centers, and space energy demands, the company's technological advantages and industrialization capabilities in high-reliability conductive materials are expected to further translate into long-term growth momentum, opening up broader growth space for future development and achieving further breakthroughs in satellite energy systems, space communication, and new space energy application fields