Core Viewpoint - JinkoSolar (601778) announced on September 4 that its subsidiary photovoltaic power generation project company received renewable energy subsidy funds of 646 million yuan by August 2025 [1] Summary by Relevant Categories Financial Performance - From January to August 2025, the company received a total of 891 million yuan in renewable energy subsidy funds, representing a 248% increase compared to the same period last year [1] - The amount received in the first eight months of 2025 accounted for 166% of the total renewable energy subsidy funds received in the entire year of 2024 [1]

Core Viewpoint - JinkoSolar (601778.SH) reported significant increases in renewable energy subsidy funds received in 2025, indicating strong growth in financial support for its photovoltaic projects [1] Summary by Relevant Categories Financial Performance - In August 2025, the company received a total of 646 million yuan in renewable energy subsidy funds, with 633 million yuan coming from national renewable energy subsidies [1] - From January 1 to August 31, 2025, the total renewable energy subsidy funds received amounted to 891 million yuan, representing a 248% increase compared to the same period last year, and accounting for 166% of the total subsidies received in 2024 [1] - The national renewable energy subsidy funds during this period reached 850 million yuan, which is a 272% increase year-on-year, making up 178% of the total national subsidies received in 2024 [1]

Core Viewpoint - The board of directors of Jinko Power Technology Co., Ltd. proposed to lower the conversion price of the "Jinko Convertible Bonds" due to the stock price falling below 90% of the current conversion price for 15 trading days [2][9]. Group 1: Convertible Bond Details - The company issued 30 million convertible bonds on April 23, 2021, with a total value of RMB 3 billion and a maturity of 6 years [5]. - The initial conversion price was set at RMB 6.75 per share, which has been adjusted multiple times due to various corporate actions [6]. Group 2: Price Adjustment Trigger - From August 12 to September 3, 2025, the company's stock price closed below RMB 4.69 (90% of the current conversion price of RMB 5.21) for 15 trading days, triggering the price adjustment clause [2][9]. - The board's proposal to adjust the conversion price is aimed at optimizing the capital structure and enhancing the company's value and market capitalization [9]. Group 3: Shareholder Meeting - The proposal to adjust the conversion price will be submitted for approval at the upcoming shareholder meeting scheduled for September 23, 2025 [14]. - The adjustment requires a two-thirds majority vote from the shareholders present at the meeting, with bondholders required to abstain from voting on this matter [9][17].

Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds, "Jinko Convertible Bonds," in response to market conditions and to enhance its capital structure and shareholder value [1][5]. Group 1: Convertible Bond Issuance Details - The company issued 30 million convertible bonds on April 23, 2021, with a total value of RMB 3 billion and a maturity of six years [1]. - The initial conversion price was set at RMB 6.75 per share, which has been adjusted multiple times due to various corporate actions [1][3]. Group 2: Conversion Price Adjustment History - The conversion price has been adjusted downwards from RMB 6.75 to RMB 5.21 as of the announcement date, with several adjustments occurring due to rights distributions and stock issuances [1][3]. - The conversion price adjustments were triggered by the stock price falling below 90% of the current conversion price for a specified period [3][4]. Group 3: Proposal for Price Adjustment - The board of directors has proposed to further lower the conversion price to ensure it aligns with market conditions and to protect investor interests [5]. - The proposal requires approval from the shareholders' meeting, with a two-thirds majority needed for implementation [5][4].

Meeting Information - The shareholder meeting is scheduled for September 23, 2025, at 14:30 [1] - The meeting will be held at Jinko Center, No. 1, 1466 Shenchang Road, Minhang District, Shanghai [1] - Voting will be conducted through a combination of on-site and online methods [1] Voting Procedures - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system [2] - Voting will be available from 9:15 to 15:00 on the day of the meeting [1][2] - Shareholders can vote through designated trading terminals or the internet voting platform [3] Agenda Items - The meeting will discuss proposals including increasing registered capital and revising the company's articles of association [2] - A proposal to adjust the conversion price of "Jinko Convertible Bonds" will also be presented [2] - Related shareholders holding "Jinko Convertible Bonds" must abstain from voting on this proposal [2] Attendance Requirements - Only shareholders registered by the close of trading on September 16, 2025, are eligible to attend [4] - Shareholders may appoint a proxy to attend and vote on their behalf [4] Registration Details - Registration for the meeting will take place on September 22, 2025, from 9:00 to 16:00 [4] - The registration location is the same as the meeting venue [4] Additional Information - The meeting will last half a day, and attendees are responsible for their own travel and accommodation expenses [5] - Contact information for the board office is provided for any inquiries [5]

Group 1 - The company, JinkoSolar, announced that it will hold its fourth extraordinary general meeting of shareholders on September 23, 2025 [1] - The agenda for the meeting includes proposals to increase registered capital, cancel the supervisory board, and amend and process business registration changes [1]

Core Viewpoint - Jinko Technology announced that its stock price has fallen below 90% of the conversion price of 5.21 CNY per share for fifteen trading days, triggering the downward adjustment clause for its convertible bonds [1] Group 1 - The stock price threshold for the adjustment is set at 4.69 CNY per share [1] - The company's board of directors has proposed to lower the conversion price of the "Jinko Convertible Bonds" [1] - This proposal will require approval from the company's shareholders' meeting [1]

证券代码：601778 证券简称：晶科科技 公告编号：2025-103 晶科电力科技股份有限公司 关于召开2025年第四次临时股东大会的通知 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、 召开会议的基本情况 (一)股东大会类型和届次 2025年第四次临时股东大会 至2025 年 9 月 23 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为 股东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的 投票，应按照《上海证券交易所上市公司自律监管指引第 1 号—规范运作》等 有关规定执行。 (二)股东大会召集人：董事会 召开的日期时间：2025 年 9 月 23 日 14 点 30 分 召开地点：上海市闵行区申长路 1466 弄 1 号晶科中 ...

| 证券代码：601778 | 证券简称：晶科科技 | 公告编号：2025-102 | | --- | --- | --- | | 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 关于董事会提议向下修正"晶科转债"转股价格的公 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: 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 ...

Group 1 - Jinko Technology's stock price dropped by 5.89% to 4.47 CNY per share, with a trading volume of 311 million CNY and a turnover rate of 1.90%, resulting in a total market capitalization of 15.962 billion CNY [1] - Jinko Power Technology Co., Ltd. was established on July 28, 2011, and went public on May 19, 2020. The company's main business includes the development, operation, and transfer of photovoltaic power plants, as well as EPC services for photovoltaic power plants [1] - The revenue composition of Jinko Technology's main business is as follows: 75.88% from photovoltaic power plant development and operation, 17.36% from household photovoltaic power plant rolling development, 5.77% from EPC services, and 0.70% from other sources [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Jinko Technology, having increased its holdings by 4.9745 million shares in the second quarter, totaling 26.38 million shares, which represents 0.74% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 64.953 billion CNY. It has achieved a year-to-date return of 24.03%, ranking 1748 out of 4222 in its category, and a one-year return of 62.92%, ranking 1228 out of 3783 [2] - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 6 years and 302 days, managing a total fund size of 94.976 billion CNY, with the best fund return during the tenure being 138.38% and the worst being -17.86% [3]