Core Viewpoint - Jinko Power Technology Co., Ltd. has decided not to adjust the conversion price of its convertible bonds, despite triggering the downward adjustment clause due to stock price performance [2][6]. Group 1: Convertible Bond Basic Information - The company issued 30 million convertible bonds with a total value of RMB 3 billion on April 23, 2021, with a maturity of six years and a face value of RMB 100 per bond [3]. - The initial conversion price was set at RMB 6.75 per share, which has been adjusted multiple times due to various corporate actions, currently standing at RMB 5.24 per share [4]. Group 2: Downward Adjustment Clause - As of June 9, 2025, the conversion price was triggered for downward adjustment as the stock price closed below 90% of the current conversion price for 15 trading days [5]. - The board of directors held a meeting on June 9, 2025, and decided not to exercise the downward adjustment right for the conversion price [6]. Group 3: Redemption Rights - Holders of the convertible bonds have the option to sell back part or all of their unconverted bonds at a price of RMB 100.27 per bond (including accrued interest) during the redemption period from June 17 to June 23, 2025 [9][11]. - The redemption price is calculated based on the bond's face value and the interest accrued for the relevant period [16]. Group 4: Trading and Suspension - During the redemption period, the convertible bonds will continue to trade, but conversion will be suspended [23]. - If the total face value of the bonds in circulation falls below RMB 30 million due to redemptions, trading will continue until the end of the redemption period [23].

Core Points - The company announced the option for bondholders to sell back the "Jinko Convertible Bonds" at a price of 100.27 RMB per bond, including accrued interest [1][5] - The sell-back period is from June 17, 2025, to June 23, 2025, with funds to be disbursed on June 26, 2025 [1][5] - During the sell-back period, the "Jinko Convertible Bonds" will stop converting into shares [1][5] Summary by Sections Sell-Back Terms and Price - The sell-back price is set at 100.27 RMB per bond, which includes an accrued interest of 0.27 RMB calculated based on a coupon rate of 1.80% for 55 days [4][5] - Bondholders can choose to sell back part or all of their unconverted bonds, and this option is not mandatory [1][3] Conditions for Sell-Back - The sell-back option is activated if the company's stock price remains below 70% of the conversion price for any 30 consecutive trading days [2][3] - If bondholders do not exercise their sell-back option during the specified period, they will lose the right to do so for the current interest year [2][3] Trading and Payment Procedures - The "Jinko Convertible Bonds" will continue to trade during the sell-back period but will not be convertible into shares [5] - Bondholders must submit their sell-back requests through the Shanghai Stock Exchange trading system during the specified period [4][5] - The company will announce the results of the sell-back and its impact after the sell-back period concludes [5]

| 证券代码：601778 | 证券简称：晶科科技 | 公告编号：2025-062 | | --- | --- | --- | | 转债代码：113048 | 转债简称：晶科转债 | | 晶科电力科技股份有限公司 关于不向下修正"晶科转债"转股价格的公告 一、可转换公司债券基本情况 （一）可转换公司债券发行上市情况 经中国证券监督管理委员会《关于核准晶科电力科技股份有限公司公开发行 可转换公司债券的批复》（证监许可〔2021〕931号）核准，晶科电力科技股份有 限公司（以下简称"公司"或"本公司"）于2021年4月23日公开发行了3,000万 张可转换公司债券，每张面值人民币100元，发行总额为人民币30亿元，期限6 年。票面利率为：第一年0.30%、第二年0.50%、第三年1.00%、第四年1.50%、 第五年1.80%、第六年2.00%。 经上海证券交易所自律监管决定书〔2021〕209号文同意，公司本次发行的 30亿元可转换公司债券于2021年5月31日起在上海证券交易所上市交易，债券简 称"晶科转债"，债券代码"113048"。"晶科转债"转股的起止日期为2021年10月 29日至2027年4月22日 ...

| 证券代码：601778 | 证券简称：晶科科技 | 公告编号：2025-063 | | --- | --- | --- | | 转债代码：113048 | 转债简称：晶科转债 | | 晶科电力科技股份有限公司 关于"晶科转债"可选择回售的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： "晶科转债"持有人可回售部分或全部未转股的可转换公司债券。"晶科转债" 持有人有权选择是否进行回售，本次回售不具有强制性。 风险提示：如可转债持有人选择回售，则等同于以 100.27 元人民币/张（含 当期利息）卖出持有的"晶科转债"。截至本公告发出前的最后一个交易日，"晶科 转债"的收盘价格高于本次回售价格，可转债持有人选择回售可能会带来损失，敬 请关注选择回售的投资风险。 本次满足回售条款而"晶科转债"持有人未在上述回售期内申报并实施回售 的，本计息年度即 2025 年 4 月 23 日至 2026 年 4 月 22 日不能再行使回售权。 证券停复牌情况：适用 因回售期间可转债停止转股，本公司的相关证券停复牌情况如下 ...

| 证券代码：601778 | 证券简称：晶科科技 | 公告编号：2025-063 | | --- | --- | --- | | 转债代码：113048 | 转债简称：晶科转债 | | 晶科电力科技股份有限公司 证券停复牌情况：适用 因回售期间可转债停止转股，本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | 日 | | | 113048 | 晶科转债 | 可转债转股停牌 | 2025/6/17 | | 2025/6/23 | 2025/6/24 | 晶科电力科技股份有限公司（以下简称"公司"）的股票自2025年4月23日至2025 年6月9日连续30个交易日的收盘价格低于公司"晶科转债"当期转股价格的70% （3.67元/股）。根据公司《公开发行可转换公司债券募集说明书》（以下简称"《募 重要内容提示： "晶科转债"持有人可回售部分或全部未转股的可转换公司债券。"晶科转债" 持有人有权选择是否进行回售，本次回 ...

| 证券代码：601778 | 证券简称：晶科科技 | 公告编号：2025-062 | | --- | --- | --- | | 转债代码：113048 | 转债简称：晶科转债 | | 晶科电力科技股份有限公司 1 / 2 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 一、可转换公司债券基本情况 （一）可转换公司债券发行上市情况 经中国证券监督管理委员会《关于核准晶科电力科技股份有限公司公开发行 可转换公司债券的批复》（证监许可〔2021〕931号）核准，晶科电力科技股份有 限公司（以下简称"公司"或"本公司"）于2021年4月23日公开发行了3,000万 张可转换公司债券，每张面值人民币100元，发行总额为人民币30亿元，期限6 年。票面利率为：第一年0.30%、第二年0.50%、第三年1.00%、第四年1.50%、 第五年1.80%、第六年2.00%。 经上海证券交易所自律监管决定书〔2021〕209号文同意，公司本次发行的 30亿元可转换公司债券于2021年5月31日起在上海证券交易所上市交易，债券简 ...

Core Insights - The implementation of the document 136 is reshaping the industry ecosystem, marking the beginning of a new era where renewable energy fully participates in market-oriented electricity trading [2][4] - The transition from "mechanism-driven" to "market-driven" electricity trading is underway, with AI and data analysis becoming essential for companies to navigate the new market dynamics [5][6] Industry Trends - The market for electricity trading consulting and management services has seen explosive growth, with some companies reporting a fourfold increase in consulting inquiries and a doubling of order volumes compared to the previous year [1][3] - The demand for skilled electricity trading professionals is rising sharply, as companies require strong data analysis capabilities and insights into industry policies to make informed trading decisions [2][4] Company Developments - Companies are increasingly seeking partnerships with professional electricity trading service providers to enhance their trading strategies and improve the profitability of their electricity assets [2][3] - AI technologies are being integrated into every aspect of electricity trading, from load forecasting to pricing analysis, significantly improving decision-making processes [6][7] Market Dynamics - The proportion of renewable energy entering the market is continuously increasing, which raises the bar for investment returns and operational quality for renewable energy companies [2][4] - The establishment of provincial-level spot markets is accelerating, with several provinces already in formal operation, indicating a broader shift towards market-based trading systems [4][5] Future Outlook - Companies are focusing on building core competencies in the refined operation of renewable energy assets and exploring investment opportunities in emerging sectors such as AI-driven energy solutions and virtual power plants [5][6] - The future of revenue assessment for renewable energy projects will be restructured due to price volatility, necessitating enhanced trading and operational capabilities [6][7]

证券代码：601778 证券简称：晶科科技 公告编号：2025-061 1、本次延长股份质押期限基本情况 晶科集团本次延长了质押给国泰海通证券股份有限公司（以下简称"国泰海 通"）部分股份的质押期限，具体情况如下： 晶科电力科技股份有限公司 关于控股股东部分股份延长质押期限的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 截至本公告披露日，公司控股股东晶科集团持有本公司股份数量为 853,400,000 股，占公司总股本的 23.90%。本次延长部分股份质押期限后，晶科 集团累计质押公司股份数量保持不变，仍为 511,255,347 股，占其所持有公司股 份总额的 59.91%，占公司总股本的 14.32%。 晶科电力科技股份有限公司（以下简称"公司"或"本公司"）于2025年6月6日 接到公司控股股东晶科新能源集团有限公司（以下简称"晶科集团"）的通知，获 悉其将持有的部分本公司股份办理了延长质押期限手续。具体情况如下： 一、本次延长股份质押期限的具体情况 4、截至目前，晶科集团资信状况良好，不存在被强 ...

6月5日，多个电力板块迎来上涨。数据显示，南网电网系概念股涨4.52%，虚拟电厂概念股涨3.26%， 个股方面，南网能源（003035）（003035.SZ）涨停，协鑫能科（002015）（002015.SZ）涨3.86%。 《通知》显示，绿电直连项目以满足企业绿色用能需求、提升新能源就近就地消纳水平为目标。为此 《通知》规定，并网型项目整体新能源年自发自用电量占总可用发电量的比例应不低于60%，占总用电 量的比例应不低于30%，并不断提高自发自用比例，2030年前不低于35%，上网电量占总可用发电量的 比例上限则一般不超过20%。 在王永利看来，相比传统通过电网统筹调配的方式，绿电直连鼓励"就地生产、就地消纳"，可有效降低 输电损耗、提升绿电消纳水平，也满足企业日益增长的绿色用能需求，尤其适用于园区、数据中心、制 造基地等高负荷主体。 主营新能源电站一体化综合解决方案的晶科科技（601778）（601778.SH）今年5月曾在交流活动上表 示，公司在开发方面聚焦开发优势，拓展源网荷储一体化、海上风电、风光制氢、抽蓄调峰、数据中心 等园区绿电直连合作在内的新模式，积极储备项目资源，蓄力发展，也做积极变现。 贝 ...

Group 1 - The core viewpoint highlights the significant growth of the green power ETF, with a trading volume of 6.1863 million yuan and a 1.81% turnover rate, indicating strong market interest [1] - Over the past three months, the green power ETF has seen an increase in scale by 68.9715 million yuan, ranking first among comparable funds [1] - The ETF's share count has grown by 49.2 million shares in the last three months, also leading among comparable funds [1] Group 2 - The current price-to-earnings ratio (PE-TTM) of the index tracked by the green power ETF is 18.67, which is below 85.57% of the historical data over the past three years, indicating a low valuation [1] - The top ten weighted stocks in the index account for 58.12% of the total, with major companies including Changjiang Electric Power and China Nuclear Power [1] - Recent government initiatives aim to enhance the electricity service environment, promoting energy efficiency and the use of green electricity, which may benefit companies in the sector [1] Group 3 - In 2024, multiple policies are expected to create a stable market environment for renewable energy operators, leading to a stabilization in the industry [2] - The upcoming national energy work conference in 2025 is anticipated to further integrate renewable energy into the electricity market [2] - The market has likely priced in expectations for electricity volume and pricing in the renewable energy sector, with potential positive changes from green certificates and subsidies [2]