Jinko Power(601778)

Search documents
我是股东|申万宏源证券联合上交所走进上市公司晶科科技
申万宏源证券上海北京西路营业部· 2025-06-23 02:20
Core Viewpoint - The article emphasizes the importance of investor engagement and communication with listed companies, particularly focusing on Jinko Power Technology Co., Ltd. (Jinko Technology) as part of the "I am a Shareholder" initiative by the Shanghai Stock Exchange [1][3]. Group 1: Company Overview - Jinko Technology is a leading clean energy supplier and service provider, focusing on three main sectors: photovoltaic power station development, power station services, and energy services [7][10]. - As of December 31, 2024, the company has total assets exceeding 425 billion yuan and a self-owned power station installed capacity of over 6.4 GW, ranking among the industry leaders [10][17]. - The company has established photovoltaic power stations across 27 provinces in China and has a domestic project reserve capacity of over 30 GW, with an overseas power station capacity of 3.4 GW [17]. Group 2: Investor Engagement Activities - The "I am a Shareholder" event organized by the Shanghai Stock Exchange and Shenwan Hongyuan Securities allowed investors to visit Jinko Technology, providing them with insights into the company's operations and management [3][12]. - During the event, investors toured the company's data display center and production facilities, gaining a detailed understanding of Jinko's development history and industry overview [5][10]. Group 3: Future Development and Strategy - Jinko Technology aims to enhance its core competitive advantages by focusing on both centralized and distributed business development, while also exploring investment opportunities in commercial, residential, and energy storage projects [10][12]. - The company plans to maintain a "light asset" operation strategy to accelerate capital turnover and increase the scale of power station transfers, while also investing heavily in comprehensive energy services [10][12]. - Jinko Technology is transitioning from a clean energy investor to a clean energy service provider, leveraging its global resource integration capabilities to mitigate operational risks [10][12]. Group 4: Industry Insights - A senior analyst from Shenwan Hongyuan Research Institute provided insights into the electricity industry, discussing the latest developments, core enterprise operations, and investment value, which received positive feedback from investors [11][12]. - The company is optimistic about the industry's recovery, citing supportive government policies and measures that are expected to positively impact performance [15].
晶科科技: 关于实施2024年度权益分派时“晶科转债”转股连续停牌的提示性公告
Zheng Quan Zhi Xing· 2025-06-22 08:18
Group 1 - The company will suspend the conversion of its convertible bonds "Jinko Convertible Bonds" from June 26, 2025, until the first trading day after the equity distribution registration date [1][2] - The profit distribution plan for 2024 includes a cash dividend of 0.0279 yuan per share (including tax) to all shareholders, excluding the company's repurchased shares [1][2] - The company will adjust the conversion price of "Jinko Convertible Bonds" according to the terms outlined in the bond issuance prospectus after the implementation of the profit distribution plan [2] Group 2 - The company will publish the implementation announcement of the profit distribution and the adjustment of the conversion price for "Jinko Convertible Bonds" on June 27, 2025 [2] - Holders of "Jinko Convertible Bonds" wishing to receive the dividend must convert their bonds by June 25, 2025 [2][3]
晶科科技(601778) - 关于“晶科转债”可选择回售的第九次提示性公告
2025-06-22 07:46
| 证券代码:601778 | 证券简称:晶科科技 | 公告编号:2025-073 | | --- | --- | --- | | 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"可选择回售的第九次提示性公告 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。 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 ...
晶科科技(601778) - 关于实施2024年度权益分派时“晶科转债”转股连续停牌的提示性公告
2025-06-22 07:45
| 证券代码:601778 | 证券简称:晶科科技 公告编号:2025-074 | | --- | --- | | 转债代码:113048 | 转债简称:晶科转债 | 证券停复牌情况:适用 因实施 2024 年年度权益分派,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 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113048 | 晶科转债 | 可转债转股停牌 | 2025/6/26 | | | | 权益分派公告前一交易日(2025 年 6 月 26 日)至权益分派股权登记日期间, 公司可转换公司债券"晶科转债"将停止转股,股权登记日后的第一个交易日起"晶 科转债"恢复转股。 一、本次权益分派方案的基本情况 2025 年 4 月 16 日,晶科电力科技股份有限公司(以下简称"公司")召开第三 届董事会第二十三次会议,审议通过了《关于 2024 年度利润分配预案的议案》, 公司 2024 年度利润分配方案为:以实施权益分派股权登记日的总股本扣除公司回 购股份的余额为基数,向 ...
晶科科技: 关于可转换公司债券2025年跟踪评级结果的公告
Zheng Quan Zhi Xing· 2025-06-20 10:05
Group 1 - The core viewpoint of the announcement is that the credit rating for Jinko Power Technology Co., Ltd.'s convertible bonds remains unchanged at AA, with a stable outlook [1][2] - The previous credit rating for the company and its convertible bonds was also AA, indicating consistency in the company's creditworthiness [1][2] - The tracking credit rating was conducted by United Ratings Co., Ltd., based on a comprehensive analysis of the company's operational status and related industry conditions [2] Group 2 - The announcement confirms that the tracking rating report was issued on June 17, 2025, and is available on the Shanghai Stock Exchange website [2] - The company issued the convertible bonds on April 23, 2021, and the previous rating was conducted on May 28, 2024 [1][2] - The announcement emphasizes the board's responsibility for the accuracy and completeness of the information provided [1]
晶科科技: 晶科电力科技股份有限公司公开发行可转换公司债券2025年跟踪评级报告
Zheng Quan Zhi Xing· 2025-06-20 09:57
Company Overview - Jinko Power Technology Co., Ltd. maintains a long-term credit rating of AA with a stable outlook for both the company and its convertible bonds [1][4] - The company has a strong competitive advantage in business operations, photovoltaic power station installed capacity, and distribution areas [4][5] Financial Performance - In 2024, the company achieved a total operating revenue of 4.775 billion yuan, a year-on-year increase of 9.25% [6][8] - The operating cash flow turned positive, increasing from -598 million yuan in 2023 to 1.045 billion yuan in 2024 [6][8] - The average on-grid electricity price decreased by 0.09 yuan/kWh to 0.49 yuan/kWh in 2024 [6][21] Operational Highlights - The company added a total of 1,879 MW of new grid-connected capacity in 2024, with a total installed capacity of 6.448 billion MW, representing a growth of 20.32% year-on-year [6][20] - The company’s photovoltaic power generation increased by 28% to 6.714 billion kWh in 2024 [6][21] - The company has diversified its energy services, including energy storage and electricity sales, with significant growth in green electricity trading [15][24] Industry Context - The photovoltaic industry is facing increased competition and challenges due to rising installed capacity and limited grid absorption capacity [10][11] - The transition to a market-oriented pricing system for renewable energy is expected to introduce greater uncertainty in electricity pricing, impacting profitability [21][22] - The overall power supply in China is projected to remain tight, with a shift towards clean energy investments [10][11] Debt and Credit Risk - The company has a manageable debt burden, with a total debt of 22.596 billion yuan as of March 2025 [8][9] - The convertible bonds have a low probability of default, supported by strong cash flow and debt service coverage [5][8] - The company’s receivables from electricity subsidies remain high, impacting liquidity [7][8]
晶科科技(601778) - 关于“晶科转债”可选择回售的第八次提示性公告
2025-06-19 11:03
"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。 | 证券代码:601778 | 证券简称:晶科科技 | 公告编号:2025-072 | | --- | --- | --- | | 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"可选择回售的第八次提示性公告 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: 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。 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 ...
晶科科技(601778) - 关于“晶科转债”可选择回售的第七次提示性公告
2025-06-18 10:47
| 证券代码:601778 | 证券简称:晶科科技 | 公告编号:2025-071 | | --- | --- | --- | | 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"可选择回售的第七次提示性公告 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。 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 ...
晶科科技(601778) - 关于“晶科转债”可选择回售的第六次提示性公告
2025-06-18 09:49
| 证券代码:601778 | 证券简称:晶科科技 | 公告编号:2025-069 | | --- | --- | --- | | 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"可选择回售的第六次提示性公告 (一)有条件回售条款 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。 晶科电力科技股份有限公司(以下简称"公司") ...
晶科科技(601778) - 关于可转换公司债券2025年跟踪评级结果的公告
2025-06-18 09:49
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: 晶科电力科技股份有限公司 关于可转换公司债券 2025 年跟踪评级结果的公告 | 证券代码:601778 | 证券简称:晶科科技 | 公告编号:2025-070 | | --- | --- | --- | | 债券代码:113048 | 债券简称:晶科转债 | | 2025 年 6 月 18 日 ●前次债券评级:AA;主体评级:AA;评级展望:稳定 ●本次债券评级:AA;主体评级:AA;评级展望:稳定 《晶科电力科技股份有限公司公开发行可转换公司债券2025年跟踪评级报 告》(联合〔2025〕4030号)详见上海证券交易所网站(www.sse.com.cn)。 特此公告。 晶科电力科技股份有限公司董事会 根据中国证券监督管理委员会《上市公司证券发行注册管理办法》和《上海 证券交易所公司债券上市规则》等相关规定,晶科电力科技股份有限公司(以下 简称"公司")委托信用评级机构联合资信评估股份有限公司(以下简称"联合资 信")对公司2021年4月23日发行的可转换公司债 ...