Core Viewpoint - The long-standing patent litigation between leading photovoltaic companies Longi Green Energy Technology Co., Ltd. and JinkoSolar Holding Co., Ltd. has been resolved, marking a shift in the industry towards technology-driven high-quality development [1][2]. Group 1: Settlement Details - On September 19, 2025, Longi Green Energy and JinkoSolar announced a settlement agreement regarding ongoing patent claims and legal matters globally [1]. - The agreement includes the termination of all ongoing patent dispute legal proceedings and the establishment of cross-licensing arrangements for certain core patents held by both parties [1]. Group 2: Industry Implications - The settlement reflects both companies' respect for intellectual property and their intention to seek win-win cooperation, setting a precedent for sustainable intellectual property partnerships in the industry [2]. - The resolution is expected to encourage more photovoltaic companies to invest in research and development, fostering a healthy competitive ecosystem and promoting sustainable industry growth [2]. Group 3: Technological Landscape - The current leading battery technologies in the photovoltaic industry include TOPCon, BC, and Heterojunction, with JinkoSolar being the leader in TOPCon technology and Longi Green Energy leading in BC technology [2]. - The resolution between these two industry leaders is anticipated to enhance their competitiveness in the market [2][3].

Core Viewpoint - JinkoSolar, a leading company in the photovoltaic industry, is undergoing significant capital operations, including asset sales and share transfers, in response to the industry's downturn, with expectations of returning to profitability by 2026 [2][6]. Group 1: Asset Sales and Financial Moves - JinkoSolar announced the sale of 80% of its subsidiary Jinko New Materials to Dike Co., Ltd. for 80 million yuan, with the first payment of 16 million yuan completed [2][4]. - The company’s major shareholder plans to transfer approximately 400 million shares at an initial price of 4.90 yuan per share, potentially raising about 1.96 billion yuan [2][5]. - Jinko New Materials, established in 2020, has been operating at a loss, with total assets of 65.08 million yuan and a net profit of -11.35 million yuan for the first half of 2025 [3][4]. Group 2: Industry Context and Challenges - The photovoltaic industry is experiencing a "winter," characterized by intensified competition and declining prices, affecting even leading companies like JinkoSolar [2][6]. - JinkoSolar reported a significant decline in revenue, with a 32.63% year-on-year decrease to 31.83 billion yuan and a net loss of 2.91 billion yuan for the first half of 2025 [6]. - The company’s asset-liability ratio reached 74.07%, indicating a relatively high level of debt compared to peers [5]. Group 3: Future Strategies and Market Outlook - JinkoSolar aims to enhance its operational efficiency and reduce management costs through these asset sales, with a focus on utilizing funds effectively [4]. - The company is investing in technology upgrades, particularly in TOPCon technology and perovskite tandem cells, to maintain competitiveness [7]. - JinkoSolar's global strategy includes establishing production bases in Southeast Asia and the U.S., with over 60% of its sales revenue coming from overseas markets in the first half of 2025 [7][8]. Group 4: Energy Storage Development - JinkoSolar is developing its energy storage business, with a focus on overseas markets, having shipped 1.5 GWh of storage systems in the first half of 2025, surpassing the total for the previous year [8]. - Despite rapid growth in the energy storage sector, it is not yet a major contributor to the company's overall performance, with expectations of improved profit margins in the future [8].

Core Viewpoint - The two major photovoltaic giants, Longi Green Energy and JinkoSolar, have reached a "historic reconciliation" by settling their patent litigation, marking a significant shift from conflict to collaboration in the industry [1][3][4]. Group 1: Patent Litigation Background - Since early 2024, Longi Green Energy and JinkoSolar have engaged in mutual lawsuits, with each company acting as both plaintiff and defendant [2][5]. - The disputes stem from rapid technological advancements in the photovoltaic sector, with Longi leading in monocrystalline silicon wafers and high-efficiency cells, while Jinko has advantages in module integration and N-type battery technology [2][5]. - The reconciliation is seen as a means to end internal strife and foster collaboration to address global uncertainties in the market [2][6]. Group 2: Financial Performance and R&D Investment - In the first half of 2025, JinkoSolar reported revenue of 31.83 billion yuan, a year-on-year decline of 32.63%, while Longi Green Energy achieved revenue of 32.81 billion yuan, down 14.83% [7]. - Both companies have significantly invested in R&D, with combined expenditures reaching 14.62 billion yuan in 2023, highlighting their commitment to innovation [8]. - Longi has over 3,500 authorized patents, while Jinko has applied for more than 5,500 patents, with 75% being invention patents [8]. Group 3: Industry Implications and Future Outlook - The reconciliation sets a precedent for sustainable intellectual property partnerships in the photovoltaic industry, encouraging a healthier competitive environment [6][9]. - Both companies plan to enhance R&D efforts and accelerate the commercialization of advanced technologies, indicating a shift towards differentiated value competition rather than price wars [6][7]. - The industry is expected to recover from current low profitability cycles, with a focus on technological breakthroughs as a key driver for future growth [8][9].

Industry News - The Ministry of Ecology and Environment reported that the cumulative trading volume of carbon emission allowances in the national carbon market reached 714 million tons, with a total transaction value of 48.961 billion yuan as of September 18, 2025. The number of environmental impact assessments for wind power and new energy vehicles increased by 44.4% and 31.3% year-on-year, respectively [4] - The State Administration for Market Regulation released 56 national metrology technical standards, including those for electric energy, providing a clear traceability path and technical specifications for direct current energy measurement, which will support the development of electric vehicle charging, high-speed rail operations, and photovoltaic power generation [4] - The National Energy Administration issued 271 million green certificates in August 2025, involving 306,500 renewable energy projects, with 155 million certificates available for trading, accounting for 55.99% of the total [5] - The first national standard zero-carbon park was awarded in Xiong'an New Area, marking a significant step in promoting zero-carbon development in the construction sector [5] Corporate News - China National Offshore Oil Corporation (CNOOC) successfully tackled world-class challenges in the development of offshore reef limestone oil fields, with the Liuhua 11-1/4-1 oil field producing over 700,000 tons of crude oil in its first year of secondary development [6] - The China Electric Power Construction Group's Gansu Survey and Design Institute was established in Guazhou County, aiming to enhance regional cooperation and promote economic transformation in western China [6] - LONGi Green Energy and JinkoSolar announced a joint statement to resolve patent litigation, marking a shift in the photovoltaic industry from price competition to technology-driven high-quality development [7] Local News - A new discovery of 760 million tons of coal resources was reported in the Pan San coal mine in Anhui Province, which will significantly boost the sustainable development of the Huai coalfield [8] - The Xinjiang Dashixia Water Conservancy Hub project officially began water storage, expected to generate over 1.8 billion kilowatt-hours of clean electricity annually, sufficient to meet the annual electricity needs of 650,000 households [8] - Jiangsu Province's largest user-side energy storage station, with a total storage capacity of 240 megawatt-hours, has been officially connected to the grid, marking a significant step towards near-zero carbon transformation for a traditional steel giant [8]

Group 1 - The automotive market is increasingly prioritizing design and aesthetics, with a call for manufacturers to focus on creating visually appealing vehicles to differentiate their products [1] - Leading solar companies Longi Green Energy and JinkoSolar have reached a settlement regarding global patent disputes, establishing a model for intellectual property cooperation in the industry and shifting the focus from price competition to technology-driven strategies [1] Group 2 - Research from Bank of America and Morgan Stanley indicates that major US tech companies are heavily investing in AI infrastructure, with capital expenditures nearing the peak levels seen during the internet bubble, potentially leading to a price war in cloud services by 2027 if supply and demand become imbalanced [2] - Huawei has proposed a three-step approach to industry intelligence, which includes integrating AI with core business functions, transforming data into industry-specific models, and scaling the deployment of AI agents to reshape key business processes [2]

Core Viewpoint - The joint statement by LONGi Green Energy and Jinko Solar marks a significant shift in the photovoltaic industry from price-driven competition to a technology-driven high-quality development phase, promoting innovation and sustainable growth [1][3][11]. Summary by Sections Patent Settlement Announcement - LONGi Green Energy and Jinko Solar announced on September 19, 2025, that they have reached a settlement agreement regarding ongoing patent disputes and related legal matters worldwide [5][13]. - The agreement includes the termination of all ongoing patent-related legal proceedings globally and a commercial arrangement for cross-licensing selected core patents owned by each party [6][14]. Industry Transition - The photovoltaic industry is gradually shifting from price-driven competition to high-quality growth fueled by technological innovation, with both companies emphasizing the importance of continuous R&D investment and global intellectual property development [3][12]. - As leading enterprises in the photovoltaic sector, both companies have consistently placed technological and product innovation at the core of their strategies, demonstrating a long-term commitment to innovation and intellectual property protection [4][12]. Future Implications - The settlement and patent licensing reflect both companies' commitment to respecting intellectual property and pursuing win-win cooperation, setting a benchmark for sustainable IP partnerships in the solar industry [6][7]. - The collaboration is expected to encourage greater investment in R&D across the photovoltaic sector, fostering a virtuous cycle of competition and building a healthy intellectual property ecosystem that supports sustainable industry growth [7][6].

Group 1 - The call between President Xi Jinping and President Trump on September 19 focused on the current state of China-US relations and strategic guidance for future development [3] - The Chinese government reported a total of 42,435 new foreign-invested enterprises established from January to August 2025, a year-on-year increase of 14.8%, while the actual use of foreign capital was 506.58 billion RMB, a year-on-year decrease of 12.7% [8] - The international gold futures market saw a rise, with COMEX gold futures increasing by 1.12% to $3,719.4 per ounce [4] Group 2 - The U.S. Senate rejected a temporary funding bill, increasing the risk of a government shutdown as federal funding is set to expire on September 30 [12] - Xiaomi announced a recall of 116,887 units of its SU7 standard version electric vehicles due to compliance with regulations [16] - JinkoSolar and LONGi Green Energy reached a settlement regarding patent disputes, which is expected to reduce industry conflicts and promote healthy development [24][25]

Group 1 - Longi Green Energy and JinkoSolar have reached a joint statement to end all ongoing patent disputes globally and have agreed on cross-licensing arrangements for some core patents [2][3] - The patent disputes between Longi Green Energy and JinkoSolar began in the second half of last year and escalated in early this year, with multiple lawsuits filed in various jurisdictions [3] - The patent battles are seen as a commercial strategy to limit competitors' market competitiveness, particularly in foreign markets where litigation risks influence customer choices [3] Group 2 - JinkoSolar is a leader in TOPCon technology, with over 5,500 patent applications, 75% of which are invention patents, and expects to achieve 40-50 GW of high-power TOPCon capacity by the end of 2025 [4] - JinkoSolar's patent fees increased by nearly 50% year-on-year to 0.14 billion [4] - Longi Green Energy has over 3,500 authorized patents and 480 patents for BC battery modules, with a self-owned HPBC2.0 battery capacity of 24 GW as of June [4] - In terms of shipment volume, JinkoSolar led with 41.84 GW of solar module shipments in the first half of the year, surpassing Longi Green Energy's 39.57 GW [4] - JinkoSolar reported a loss of 2.909 billion, while Longi Green Energy's loss was 2.569 billion, making it the least loss-making among the top five module manufacturers, reducing losses by 2.661 billion year-on-year [4]

Core Viewpoint - Longi Green Energy and JinkoSolar have reached a settlement regarding their global patent disputes, signaling a shift towards collaboration in technology development and commercialization within the solar industry [3][4]. Group 1: Patent Disputes and Settlement - Longi Green Energy filed a patent infringement lawsuit against JinkoSolar in the U.S. and China, accusing Jinko of infringing on its TOPCon technology and other solar products [4]. - JinkoSolar initiated multiple patent lawsuits against Longi in various countries, focusing on TOPCon battery technology and component design [4]. - The recent announcement of a settlement indicates both companies will cease all patent litigation and explore cross-licensing agreements for their core patents [3][4]. Group 2: Industry Context and Reactions - The solar industry has seen an escalation from price wars to patent wars, with many companies, including Trina Solar and Canadian Solar, involved in ongoing patent disputes [5]. - Industry leaders have expressed concerns about the negative impact of patent disputes on innovation and the overall health of the solar sector, advocating for collaboration instead of competition [5][6]. - Trina Solar's chairman highlighted the importance of joint research and shared patents to foster innovation and avoid fragmentation within the industry [6].

Core Viewpoint - Longi Green Energy and JinkoSolar have announced the resolution of all patent disputes globally, indicating a shift towards collaboration in the solar industry [1][3]. Group 1: Patent Dispute Resolution - Longi Green Energy and JinkoSolar have reached a settlement agreement to end all patent disputes and legal proceedings globally [1]. - The companies will engage in cross-licensing agreements for certain core patents and will continue to enhance R&D efforts and explore deeper cooperation in the future [1][3]. Group 2: Industry Context - JinkoSolar has been a leader in TOPCon patent technology, while Longi Green Energy leads in BC technology patents, with previous disputes primarily focused on TOPCon technology [3]. - Longi Green Energy filed a patent infringement lawsuit against JinkoSolar in the U.S. and China earlier this year, accusing Jinko of infringing on its patents related to TOPCon technology and other photovoltaic products [3][4]. - The competitive landscape in the solar industry is intensifying, with a shift from price wars to patent wars, as highlighted by the involvement of other companies like Trina Solar and Canadian Solar in similar disputes [4]. Group 3: Industry Leaders' Perspectives - Longi's founder expressed concerns about the negative impact of patent disputes on the industry, emphasizing the need for collaboration rather than competition over patents [4]. - Industry leaders, including Trina Solar's chairman, have advocated for joint R&D and patent sharing to foster innovation and avoid detrimental competition [4].