Core Viewpoint - JinkoSolar experienced a decline of 4.56% on July 31, with a trading volume of 5.92 billion yuan and a market capitalization of 52.327 billion yuan [1] Group 1: Company Operations - The company has mass-produced high-efficiency batteries focusing on N-type TOPCon technology and is actively developing new technologies and processes, including IBC and calcium-titanate batteries [2] - JinkoSolar has a rich technical reserve in the N-type TOPCon field, with clear paths for efficiency improvement and cost reduction, and plans to increase investment to maintain its leadership in the "N-type era" [2] - The company’s main business includes the research, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers, providing high-quality solar products globally [2] Group 2: Financial Performance - For the first quarter of 2025, JinkoSolar reported a revenue of 13.843 billion yuan, a year-on-year decrease of 40.03%, and a net profit attributable to shareholders of -1.39 billion yuan, a year-on-year decrease of 218.20% [6] - The company has distributed a total of 3.355 billion yuan in dividends since its A-share listing, with 3.125 billion yuan distributed in the last three years [7] Group 3: Market Activity - The main net inflow of funds today was -96.3051 million yuan, with a continuous reduction in main funds over the past two days [3][4] - The average trading cost of the stock is 6.33 yuan, with the stock price nearing a support level of 5.22 yuan, indicating potential for a rebound if it holds above this level [5] Group 4: Shareholder Structure - As of March 31, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 381 million shares, an increase of 42.9967 million shares from the previous period [8] - Other notable shareholders include Huaxia SSE Sci-Tech Innovation Board 50 ETF and E Fund SSE Sci-Tech Innovation Board 50 ETF, with changes in their holdings compared to the previous period [8]

Core Points - The article highlights the recognition of 100 individuals from the non-public economic sector as "Outstanding Builders of Socialism with Chinese Characteristics" to encourage and motivate private economic actors [1][2][3] - Among the honorees, 9 individuals are from the textile industry, showcasing the sector's contribution to the economy [2] - The recognition aims to inspire private economic individuals to uphold their ideals, maintain development focus, and contribute to national strategies [3] Summary by Categories Recognition and Awards - A total of 100 individuals have been awarded the title of "Outstanding Builders of Socialism with Chinese Characteristics" by various government departments [1][2] - The textile industry has 9 representatives among the honorees, indicating its significance in the non-public economic sector [2] Economic Contributions - Since the 18th National Congress, the non-public economy in China has achieved sustained, healthy, and high-quality development, contributing to growth stability, innovation promotion, employment increase, and improved living standards [2] - The article emphasizes the role of private economic individuals in implementing major policies and strategies set by the government [2][3] Future Outlook - The article expresses optimism about the future of the non-public economy, encouraging private economic individuals to learn from the honorees and actively participate in national development [3]

本文源自：金融界 作者：智投君 融券方面，当日融券卖出0.79万股，净买入0.93万股。 7月30日，沪深两融数据显示，晶科能源获融资买入额0.25亿元，居两市第800位，当日融资偿还额0.34 亿元，净卖出896.80万元。 最近三个交易日，28日-30日，晶科能源分别获融资买入0.24亿元、0.39亿元、0.25亿元。 ...

Core Viewpoint - JinkoSolar is involved in a legal dispute with First Solar over patent infringement related to the TOPCon technology, specifically patent US913074B2, which First Solar claims JinkoSolar has violated [1]. Group 1: Legal Dispute Details - First Solar filed a lawsuit against JinkoSolar and its affiliates on February 25, alleging infringement of the TOPCon patent [1]. - JinkoSolar has confirmed that it is well-prepared to challenge the validity of the patent, utilizing 27 historical documents and expert testimonies to argue for its invalidation [5]. - The patent in question was acquired by First Solar through the purchase of TetraSun in 2013 and is set to expire in November 2031 [1]. Group 2: Patent Statistics and Industry Context - First Solar holds a total of 624 patents in the U.S., with 367 of them, or 58.81%, having expired, leaving 225 active patents, which account for 36.06% [5]. - The solar industry has seen rapid expansion of TOPCon technology, but there are concerns regarding weak intellectual property protection within the sector [6]. - The current market environment is characterized by a downturn, prompting leading companies to focus on technology upgrades and intellectual property protection [6].

金融界消息 截至2025年7月30日收盘，晶科能源（688223）报收于5.48元，下跌1.62%，换手率0.65%， 成交量64.85万手，成交金额3.58亿元。 天眼查商业履历信息显示，晶科能源股份有限公司，成立于2006年，位于上饶市，是一家以从事电气机 械和器材制造业为主的企业。企业注册资本1000519.9351万人民币，实缴资本800000万人民币。公司法 定代表人为李仙德。 资金流向方面，今日主力资金净流出3403.68万元，占比成交额9.5%。其中，超大单净流入25.36万元、 占成交额0.07%，大单净流出3429.04万元、占成交额9.57%，中单净流出流入773.77万元、占成交额 2.16%，小单净流入2629.91万元、占成交额7.34%。 通过天眼查大数据分析，晶科能源股份有限公司共对外投资了53家企业，参与招投标项目1570次，知识 产权方面有商标信息748条，专利信息2692条，此外企业还拥有行政许可71个。 晶科能源最新一期业绩显示，截至2025一季报，公司营业总收入138.43亿元、同比减少40.03%，归属净 利润138971.36万元，同比减少218.20%，扣非净利润 ...

风险提示：投资有风险，入市需谨慎。 晶科能源7月30日股价报收5.48元，较前一交易日下跌1.62%。当日成交量为648539手，成交金额达3.58 亿元。 晶科能源是光伏设备行业的重要企业，主要从事太阳能光伏组件、电池片等产品的研发、生产和销售。 公司产品广泛应用于住宅、商业和地面电站等光伏发电系统。 公司近期就美国光伏企业第一太阳能提起的专利诉讼作出回应。晶科能源已向美国专利审判和上诉委员 会提出专利无效申请，涉及一项TOPCon技术专利。公司表示已为此做了充分准备，提交了27份历史资 料进行论证。此前2月，第一太阳能指控晶科能源侵犯其持有的TOPCon专利。 7月30日数据显示，晶科能源主力资金净流出3403.68万元。 本文源自：金融界 作者：A股君 ...

每经记者｜黄鑫磊 每经编辑｜文多 近日，有消息称，晶科能源（SH688223，股价5.48元，市值548.29亿元）已就美国光伏巨头"第一太阳能"（First Solar）的专 利"US913074B2"，向美国专利审判和上诉委员会（PTAB）提出专利无效申请。 此前的2月25日，第一太阳能向美国特拉华州地方法院起诉晶科能源及其关联公司，指控其侵犯了第一太阳能持有的TOPCon（隧 道氧化物钝化接触技术）专利，专利号为US913074B2。 7月29日，晶科能源相关负责人向《每日经济新闻》记者确认了此事。这位负责人介绍，晶科能源在美国的知识产权保护工作做 得很好，该事件对公司而言并没有那么高的紧急程度。 晶科能源已做充足准备 据报道，涉案专利是第一太阳能在2013年通过收购"TetraSun"公司获得的TOPCon技术专利之一。 起诉前，第一太阳能执行副总裁、总法律顾问兼秘书Jason Dymbort称他们曾与晶科能源沟通，但结果失败了，导致他们不得不采 取法律手段。 图片来源：国家知识产权局官网 在国家知识产权局官网上可以查到疑似与US913074B2相关的中国发明专利CN102460715B。该专利发明人 ...

Core Viewpoint - The article discusses the recent rumors regarding a restructuring plan in the photovoltaic industry, specifically in the polysilicon sector, which were later debunked by the China Photovoltaic Industry Association. The article emphasizes the ongoing challenges in the polysilicon market and the need for industry consolidation to address overcapacity and financial losses [3][6]. Group 1: Industry Restructuring Rumors - Rumors circulated about a closed-door meeting on July 29, where a "white paper" for industry restructuring was supposedly created, involving 11 polysilicon companies forming a joint venture to consolidate 70,000 tons of capacity [4]. - The proposed acquiring companies included six traditional giants and five emerging firms, indicating a significant shift in industry dynamics [4]. - The exit of six notable companies from the market signals a major reshuffling within the industry [5]. Group 2: Market Conditions and Responses - The polysilicon industry has faced a severe downturn, with prices plummeting from nearly 300,000 yuan per ton in 2022 to around 40,000 yuan currently, leading to widespread losses [5]. - The urgency for consolidation stems from the industry's prolonged struggles, with many companies on the brink of failure, necessitating a market-driven solution to avoid chaotic exits [5][10]. - The article highlights the government's proactive stance in addressing the issue of excessive competition and guiding the industry towards healthier development [5][10]. Group 3: Historical Context and Policy Implications - The article references past discussions on supply-side reforms in the photovoltaic sector, including targets for capacity reduction and efficiency improvements [8][9]. - It notes that the government's recognition of the detrimental effects of "involution" in manufacturing has led to a renewed focus on restructuring and efficiency [10][11]. - The divergence in market outlooks between domestic and foreign analysts is attributed to differing interpretations of government policy impacts on the industry [10].

Core Insights - The 2025 Photovoltaic Green Supply Chain Seminar highlighted the progress of leading companies like Longi, Jinko, and Tongwei in promoting green low-carbon transformation, despite the ongoing increase in carbon emissions within the photovoltaic industry [1][2][4] Group 1: Industry Performance - In Q1 2025, China's total installed capacity for wind and solar power reached 74.33 million kilowatts, surpassing thermal power for the first time, with solar power alone accounting for 94.6 million kilowatts [2] - By the end of May 2025, China's solar installed capacity exceeded 100 million kilowatts, with Chinese solar components now representing 83.41% of the global market [2] - The evaluation covered 55 photovoltaic-related companies, revealing significant renewable energy utilization among 40 companies, which collectively used 57.1 million megawatt-hours of renewable energy in 2024, resulting in a reduction of over 32.55 million tons of CO2 equivalent [2] Group 2: Carbon Emissions and Goals - Despite advancements, carbon emissions from photovoltaic companies remain high, with 44 companies reporting a total of 105 million tons of CO2 equivalent emissions in the last year [3] - The total carbon emissions for 24 companies that disclosed data for three consecutive years increased from 45.23 million tons in 2022 to 70.57 million tons in 2024, marking a 46.6% increase from 2022 to 2023 [3] - Seven companies committed to achieving carbon neutrality across their value chains by 2050, while six companies included supply chain reduction targets [4] Group 3: Environmental Management - Over 80% of leading companies disclosed green supply chain management requirements, with 10 companies extending environmental risk management to raw material suppliers [6] - 12 companies reported violations related to emissions and water usage, indicating a need for improved compliance and environmental management practices [6] - 16 out of 31 companies involved in component production disclosed plans for waste component recycling, although most actions were concentrated in the European market [7] Group 4: Future Outlook and Recommendations - The report suggests that Chinese photovoltaic companies should focus on international standards regarding resource consumption, greenhouse gas emissions, and biodiversity to enhance their green competitiveness [8] - The industry is encouraged to accelerate its low-carbon transformation and collaborate on building a green low-carbon supply chain to address global environmental challenges [8]

融券方面，当日融券卖出1.76万股，净买入0.07万股。 本文源自：金融界 最近三个交易日，25日-29日，晶科能源分别获融资买入0.46亿元、0.24亿元、0.39亿元。 7月29日，沪深两融数据显示，晶科能源获融资买入额0.39亿元，居两市第539位，当日融资偿还额0.34 亿元，净买入466.02万元。 作者：智投君 ...