Public Companies Riding the Space Photovoltaic "Gilding" Trend: Cooling Down After Regulatory Crackdown

Gelonghui, February 27 — According to The Beijing News, since the beginning of the year, “topic king” Elon Musk has once again demonstrated his remarkable “sales” ability. From “space photovoltaics” to commercial spaceflight, any related information can stir up waves in the capital markets. However, amid this hype driven by concepts, some listed companies have attempted to cash in on the hot topic through vague disclosures, which has also attracted regulatory scrutiny.

It has been found that since February, several photovoltaic and lithium battery industry chain listed companies have received regulatory warning letters due to irregular disclosures. Among them, Shuangliang Eco-Energy and Trina Solar issued statements about their cooperation with SpaceX and received regulatory warnings. Rongbai Technology was issued an “Administrative Penalty Notice of Prior Notification” by the Ningbo Regulatory Bureau of the China Securities Regulatory Commission for allegedly misleading statements in its announcement. Since the beginning of this year, multiple listed companies such as Guoke Military Industry, Hangxiao Steel Structure, and Woge Optoelectronics have been named for issues related to riding the coattails of commercial spaceflight hype to boost stock prices.

In response, Lawyer Zhang Haiyang of Shanghai Haihua Yongtai Law Firm stated that there is a lot of emotional investing in the A-share market. Chasing hot topics, inflating bubbles, and exiting before the burst may reflect the true mentality of many A-share investors. While sharp gains can bring temporary profits, they are very difficult to form long-term trading advantages. The healthy development of the A-share market requires not only listed companies and key stakeholders to uphold correct market value management concepts but also investors to improve their rational trading awareness. Only then can a bull market be more than just a fleeting phenomenon.