Summary of Key Points Core Viewpoint - The announcement details the results of the buyback of the "Jinko Convertible Bonds" and indicates that the impact on the company's financials will be minimal due to the small amount of bonds being repurchased [1][2]. Group 1: Buyback Announcement Details - The buyback period for the "Jinko Convertible Bonds" is from June 17, 2025, to June 23, 2025 [1][2]. - The effective number of buyback applications received was 120 bonds [2]. - The total buyback amount is 12,032.40 yuan, which includes current interest and tax [1][2]. - The payment date for the buyback funds is set for June 26, 2025 [1]. Group 2: Impact of the Buyback - The buyback amount is relatively small and will not significantly affect the company's cash flow, asset status, or share capital [2]. - Unredeemed "Jinko Convertible Bonds" will continue to be traded on the Shanghai Stock Exchange [2].

| 证券代码：601778 | 证券简称：晶科科技 | 公告编号：2025-078 | | --- | --- | --- | | 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"回售结果的公告 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、本次可转债回售的公告情况 晶科电力科技股份有限公司（以下简称"公司"）于2025年6月10日披露了 《关于"晶科转债"可选择回售的公告》（公告编号：2025-063），并分别于2025 年6月11日、2025年6月12日、2025年6月13日、2025年6月16日、2025年6月17日、 2025年6月18日、2025年6月19日、2025年6月20日、2025年6月23日披露了关于"晶 科转债"可选择回售的提示性公告（公告编号分别为：2025-064、2025-065、 2025-066、2025-067、2025-068、2025-069、2025-071、2025-072、2025-073）。 具体内容详见公司在 ...

Overview - Jinko Power Technology Co., Ltd. has established a partnership to set up an equity investment fund to enhance its household photovoltaic business and asset turnover efficiency [1][2] Group 1: Fund Establishment - The wholly-owned subsidiary Shanghai Jinfeng Electric Co., Ltd. has signed a limited partnership agreement with Sunshine New Energy Development Co., Ltd., Jiangxi Risheng Green Energy Technology Co., Ltd., and Juxin Hongyuan (Jiangsu) Private Fund Management Co., Ltd. to create the Taizhou Guangping Risheng Jinko New Energy Partnership [1] - The total fundraising scale of the Taizhou Energy Fund is RMB 10.01 million, with Shanghai Jinfeng contributing RMB 1.5 million for a 14.9850% share [1] Group 2: Fund Registration - The Taizhou Energy Fund has completed registration with the Asset Management Association of China, with the registration date being June 19, 2025 [2] - The fund is managed by Juxin Hongyuan (Jiangsu) Private Fund Management Co., Ltd. and is custodied by CITIC Bank [2]

Core Viewpoint - Jinko Power Technology Co., Ltd. received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, prompting the company to respond to various issues raised, particularly concerning revenue and accounts receivable [1][2]. Revenue Summary - The company reported a revenue of 4.775 billion yuan for 2024, representing a year-on-year increase of 9.25%. The revenue growth was driven by the photovoltaic power station development and operation transfer business, which saw an increase of 11.38%, while the EPC business revenue declined by 5.07% [1][2]. - The gross profit margin for the photovoltaic power station development and operation transfer business decreased by 2.64 percentage points, while the EPC business saw an increase in gross profit margin by 7.56 percentage points [1][2]. Accounts Receivable and Contract Assets - As of the end of the reporting period, the total accounts receivable and contract assets for the EPC business amounted to 438 million yuan, exceeding the current period's revenue, with a bad debt provision ratio of 57.86% [1][2]. - The balance of accounts receivable aged over five years was reported at 1.05 billion yuan, indicating potential collection issues [1][2]. Client and Supplier Information - The company provided details on its top five clients and suppliers across different business segments, including transaction amounts, balances, and aging of accounts. The majority of the accounts receivable were linked to state-owned power companies, with significant balances attributed to renewable energy subsidy payments from the government [5][6]. - The company highlighted that the high balances with clients were primarily due to delays in receiving government subsidies for renewable energy, which have longer payment cycles [5][6]. Business Segment Analysis - The photovoltaic power station development and operation transfer business included various services such as power generation sales, operation maintenance, and development consulting. The revenue from this segment was significantly impacted by the subsidy payment delays [3][4]. - The EPC business's revenue and gross profit margins were affected by project execution timelines and the nature of contracts, with some projects experiencing lower margins due to competitive bidding and high material costs [6][7]. Future Considerations - The company is actively working on collecting outstanding receivables and has made provisions for bad debts based on aging analysis. The management is also reviewing its revenue recognition practices to ensure compliance with accounting standards [1][2][6].

证券代码：601778 证券简称：晶科科技 公告编号：2025-077 晶科电力科技股份有限公司 关于 2024 年年度报告的信息披露监管问询函的回复 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。 晶科电力科技股份有限公司（以下简称"晶科科技"或"公司"）于近期收到 上海证券交易所上证公函【2025】0581号《关于晶科电力科技股份有限公司2024 年年度报告的信息披露监管问询函》（以下简称"《问询函》"）。公司收到《问 询函》后，积极组织相关方对《问询函》涉及的问题进行了逐项落实和回复，现 就《问询函》所涉内容回复如下。鉴于涉及商业敏感信息，公司申请对客户名称、 货币资金存放等部分内容进行了豁免披露。 一、关于收入 年报显示，公司 2024 年实现营业收入 47.75 亿元，同比增长 9.25%，区分 业务看，光伏电站开发运营转让业务收入增长 11.38%，毛利率减少 2.64 个百分 点；光伏电站 EPC 业务收入下降 5.07%，毛利率增加 7.56 个百分点；户用光伏 电站滚动开发业务收入增长 27.80%，毛 ...

证券代码：601778 证券简称：晶科科技 公告编号：2025-076 一、概况 为进一步推进公司户用光伏业务的"高周转"运营战略及投资布局，提高户 用资产周转效率，公司全资子公司上海晶坪电力有限公司（以下简称"上海晶坪"） 与阳光新能源开发股份有限公司、江西日昇绿能科技有限公司以及聚信弘源（江 苏）私募基金管理有限公司签署了《泰州光坪日昇晶新能源合伙企业（有限合伙） 之有限合伙协议》，各方共同设立泰州光坪日昇晶新能源合伙企业（有限合伙） （已于2025年2月12日更名为"泰州光坪日昇晶新能源股权投资合伙企业（有限 合伙）"）（以下简称"泰州能源基金"），并已完成实缴出资。泰州能源基金 的募集规模为人民币1,001万元，其中上海晶坪作为有限合伙人出资人民币150万 元认购14.9850%的基金份额。具体内容详见公司于2024年9月20日在上海证券交 易所网站（www.sse.com.cn）披露的《关于全资子公司参与设立股权投资基金的 公告》（公告编号：2024-087）。 二、进展情况 公司于近日收到通知，泰州能源基金已于中国证券投资基金业协会完成备案， 备案信息如下： 基金名称：泰州光坪日昇晶新能源股权投资 ...

证券代码：601778 证券简称：晶科科技 公告编号：2025-075 晶科电力科技股份有限公司 关于转让全资下属公司 100%股权暨出售部分工商业 分布式光伏电站的公告 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。 为持续推进"滚动开发"的轻资产运营战略，加快资产周转效率，晶科电力科 技股份有限公司（以下简称"晶科科技"或"公司"）拟与中建投租赁、天津金建实 施一揽子交易。公司下属 4 家工商业分布式光伏电站项目公司拟将其名下的光伏 电站设备全部销售给中建投租赁，设备含税销售价格合计为人民币 28,651.45 万 1 / 9 交易概述：公司下属 4 家工商业分布式光伏电站项目公司（以下合称"项目 公司"）拟将其名下的光伏电站设备全部销售给中建投租赁股份有限公司（以 下简称"中建投租赁"），并同步将上述项目公司的持股平台横峰县晶格电力 有限公司（以下简称"横峰晶格"或"目标公司"）的 100%股权（以下简称"标 的股权"）转让给金建（天津）企业管理有限公司（以下简称"天津金建"）， 本次设备销售及股权转让价格合计人民币 2 ...

目 录 | 关于收入………………………………………………………第 一、 | | 1—28 | 页 | | --- | --- | --- | --- | | 二、关于货币资金……………………………………………… | 第 | 28—36 | 页 | | 三、关于存货…………………………………………………… | 第 | 36—41 | 页 | | 四、关于其他资产……………………………………………… | 第 | 41—45 | 页 | | 五、关于募投项目……………………………………………… | 第 | 45—53 | 页 | 报告期内，按同一实际控制人合并披露的原则，公司细分业务板块近两年前 五名客户（电网客户按同一省电力公司合并统计）、供应商情况如下： 关于晶科电力科技股份有限公司 2024 年年度报告的信息披露监管问询函的说明 天健函〔2025〕666 号 上海证券交易所： 由晶科电力科技股份有限公司（以下简称晶科科技公司或公司）转来的《关 于晶科电力科技股份有限公司 2024 年年度报告的信息披露监管问询函》（上证 公函〔2025〕0581 号，以下简称问询函）奉悉。我们已对问询函中需要我们说 明的财务事 ...

Core Viewpoint - JinkoSolar plans to sell 100% equity of its wholly-owned subsidiary and part of its commercial distributed photovoltaic power station projects for a total price of 286.5245 million yuan, involving a total installed capacity of approximately 76.55 MW [1] Group 1 - The company intends to sell photovoltaic equipment from four commercial distributed photovoltaic power station project companies to China Construction Investment Leasing [1] - The equity transfer involves the wholly-owned subsidiary Hengfeng Jinge, which will be sold to Tianjin Jinjian [1] - The transaction has been approved by the board of directors and does not require submission to the shareholders' meeting [1]

Core Viewpoint - The enthusiasm for perovskite technology among companies stems from the realization that investments in crystalline silicon are often unprofitable, while the photovoltaic market presents significant opportunities, making perovskite the "only choice" [1][4]. Industry Trends - In the past three years, major photovoltaic companies and energy firms have entered the perovskite sector, with expectations for mass production to begin in 2025 [7]. - Companies like GCL-Poly and several startups are building gigawatt-level production lines, indicating a strong commitment to perovskite technology [3][8][9]. - Leading crystalline silicon manufacturers, including LONGi Green Energy and Trina Solar, have also invested in perovskite-silicon tandem cell research, with some already establishing hundred-megawatt production lines [10]. Market Space - Many domestic perovskite companies are targeting applications in areas like streetlights and carports, aiming to penetrate markets that crystalline silicon cannot easily cover [14]. - GCL-Poly has opted to replace crystalline silicon components directly in photovoltaic power plants, indicating a strategic focus on larger-scale applications [15]. - The efficiency of perovskite-silicon tandem cells is projected to reach up to 43%, significantly higher than current crystalline silicon efficiencies, which have not surpassed 26% [18][10]. Technological Complexity - Perovskite technology is considered more complex than crystalline silicon, which may delay the onset of competitive "involution" seen in the crystalline silicon market [5][24]. - The production of perovskite involves significant material innovations, requiring flexible manufacturing capabilities to adapt to new formulations [25][26]. - The transition from single-junction to tandem cells is crucial, as tandem cells can achieve higher efficiencies, but they also present additional technical challenges [28][29]. Future Outlook - The perovskite sector is expected to evolve significantly over the next decade, with the potential for substantial growth and innovation, unlike the stagnation seen in the crystalline silicon market [31].