27, Shuangliang Energy-saving announced that the company received the Notice of Filing a Case (No.: Zhengjian Filing Zi [0102026009]) issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") on the same day, which was suspected of misleading statements in information disclosure and other illegal acts.
According to relevant laws and regulations, the SFC decided to file a case against the company. The case
of Shuangliang Energy Conservation should be related to the previous explosion of "space photovoltaic".
"Word Game"
Since the end of 2025, the concept of "space photovoltaic" has exploded, allowing enterprises in various sectors of the
On February 12, the official WeChat of Shuangliang Energy Conservation published an article entitled "Shuangliang Energy Conservation Receives Overseas Orders Again to Help Commercial Space Exploration". According to
the article, Shuangliang Energy Conservation has recently received three overseas orders , totaling 12 high-efficiency heat exchanger equipment, which will be used in the fuel production system for the expansion of Space X Starship Launch Base. And the company said: "This is the re-application of the product to the Space X Starship Launch Base after the previous cooperation, which fully confirms the high trust of overseas customers in the reliability of Shuangliang energy-saving products." As soon as
the news came out, the stock price of Shuangliang Energy Conservation soared rapidly on February 12, from 13: Up 9. (Click here:
The above three overseas orders are for high-efficiency heat exchangers on October 25 , 2025 and January 9 , 2026, respectively. The total amount is about 1.7 million euros (about 1392. The total amount of orders accounts for about 0% of the company's audited revenue in 2024.
At the same time, Shuangliang Energy Conservation said, Commercial aerospace is not the main application field of the company's products. This order is that the company indirectly participated in the relevant commercial aerospace projects by supplying heat exchangers for fuel projects of international industrial gas enterprises, and did not directly cooperate with Space X. The company is a non-exclusive indirect supplier of the project .
The Shanghai Stock Exchange believes that "commercial aerospace" is a hot concept in the market and is highly concerned by investors. Shuangliang Energy Conservation released information on overseas orders related to "commercial aerospace" in the public number of WeChat, but did not specify the supply mode, sales scale and less impact on the overall operation of the company. The company did not issue a notice to explain until after the supervision and supervision, and the relevant information was inaccurate and incomplete. Risk warning is insufficient .
According to the relevant regulations, the Shanghai Stock Exchange gave a regulatory warning to Yang Likang, the timely secretary of the board of directors of Shuangliang Energy Conservation. (For more information, click
On February 5, Trina Solar said in response to questions on the investor interaction platform that it had a partnership with SpaceX's ground photovoltaic power plant at its rocket launch site.
Under the supervision and supervision, Trina Solar issued a statement announcement on the evening of February 5, saying that during the period of 2010-2018, The company has supplied 775MW of "
Shanghai Stock Exchange believes that the content of Trina Solar's reply on the interactive platform deviates from the facts, fails to reflect the actual situation truthfully, the information disclosure is incomplete and inaccurate, and the risk is not fully indicated.".
In response, the Shanghai Stock Exchange issued a regulatory warning to Wu Qun, the Secretary of Trina Solar in time.
Up to now, the photovoltaic industry has been honed in the downward cycle for nearly three years, and the emergence of the concept of space photovoltaic has opened up a new track and injected confidence into the recovery of photovoltaic enterprises in the deep trough. It is normal for enterprises to take advantage of hot spots and tell new stories, but all operations must strictly abide by laws, regulations and institutional standards, adhere to the bottom line of the industry, and not cross the border out of order.
浙公网安备33010802003254号