Core Viewpoint - The response from JinkoSolar regarding the recent concerns about executive statements at a photovoltaic monthly meeting indicates a commitment to transparency and support for industry policies aimed at healthy development [2]. Group 1: Company Response - JinkoSolar plans to issue an announcement to clarify the recent rumors circulating in the market [2]. - The company expresses strong confidence in the implementation of policies aimed at reducing competition within the photovoltaic industry [2]. - JinkoSolar acknowledges the need for collaboration among various parties to overcome challenges in the establishment of a storage platform [2]. Group 2: Industry Context - The photovoltaic sector in A-shares experienced a notable decline on November 12, reflecting market reactions to the circulating rumors [2]. - The China Photovoltaic Industry Association issued a statement denouncing the false information and emphasized the importance of discerning accurate information [2]. - The association reaffirmed its commitment to protecting national and industry interests against malicious actions aimed at undermining the photovoltaic sector [2].

Core Viewpoint - The photovoltaic industry is experiencing market disturbances due to rumors regarding a "polysilicon storage platform," leading to significant declines in stock prices and futures contracts [1][2]. Group 1: Market Reactions - Over 40 A-share listed companies in the photovoltaic sector, including Longi Green Energy, JA Solar, and Tongwei Co., saw stock prices drop by over 5% [1]. - The polysilicon futures contract experienced a drop of 3.9% before recovering to a gain of 0.43%, with an intraday volatility of 4.62% [1]. - Following the industry association's statement refuting the rumors, the main polysilicon futures contract rebounded and turned positive [2]. Group 2: Industry Statements - JA Solar denied the authenticity of the statements attributed to its executives regarding the storage platform, labeling them as rumors and expressing support for the platform's establishment [1]. - The Executive Secretary of the China Photovoltaic Industry Association emphasized the industry's coordinated efforts to promote the orderly exit of outdated production capacity, supported by central government guidance [1]. - The association released a statement urging caution against false information and reaffirming its commitment to protecting national and industry interests [1]. Group 3: Market Conditions - The photovoltaic sector has seen a continuous rise in stock prices this year, with polysilicon futures experiencing significant increases since late June, followed by a period of high-level consolidation [3]. - Market sentiment is becoming desensitized to the storage platform news, with ongoing weak demand and high inventory risks putting pressure on polysilicon prices [3]. - The industry is increasingly sensitive to both fundamental and news-driven market dynamics, making it more susceptible to disturbances from rumors [3].

中国光伏行业协会也在今日下午发文称，协会在相关部委的坚强指导下努力推进行业自律和"反内卷"工 作，从供需两端共同发力，市场化、法制化地推动相关工作。 "协会始终坚信，在中央坚定指导支持下，行业、企业积极协调配合下，相关工作一定会成功。当下， 协会和行业内各企业正一道努力，相关工作正在稳步推进。网络流传的小道消息均为不实信息，望请各 位注意甄别，慎重决策。"协会在文章中如是表示。 一家头部硅料企业11月12日向贝壳财经记者表示，反内卷是国家最高层既定的战略目标，四中全会也明 确提出相关内容。光伏硅料头部企业全面达成一致共识，积极参与并支持国家收储行动。 备受行业关注的硅料收储事项，11月12日再度迎来波动。 今日有市场传言称，晶澳科技高管在参加交流活动时表示光伏行业酝酿的收储一事"黄了"。就该事项， 晶澳科技方面向贝壳财经记者表示，公司始终坚定看好并充分相信，光伏行业反"内卷"的相关政策必将 落地实施，并将积极支持和配合各项工作。我们真诚期待并支持收储平台能够顺利建立并发挥作用。同 时，我们也认识到，在平台的具体落地实施过程中，仍需各方协同，共同克服一系列现实挑战，推动行 业健康发展。 "造谣生事的太多，做空谋 ...

Core Viewpoint - The Chinese Photovoltaic Industry Association has issued a statement addressing false information circulating online, emphasizing its commitment to industry self-discipline and combating negative narratives about the photovoltaic sector [1] Market Performance - On November 12, the photovoltaic sector experienced a decline, with notable drops in stock prices: - Canadian Solar (阿特斯) fell over 17% - Photovoltaic ETF dropped over 4% - Longi Green Energy (隆基绿能) decreased over 7% - Tongwei Co. (通威股份) and JA Solar (晶澳科技) both fell over 6% [3] Stock Performance - The photovoltaic equipment index was reported at 8277.90, down 3.51% - Specific stock performances included: - Canadian Solar: 20.56, down 14.33% over five days - Aiko Solar (艾罗能源): 68.65, down 10.16% over five days - Yuhuan Energy (亿晶光电): 4.72, down 7.81% over five days - Longi Green Energy: 38.75, down 7.23% over five days - JA Solar: 14.03, down 6.84% over five days [4]

| | | 公司于 2025 年 10 月 23 日召开了第六届董事会第四十五次会议、第六届监事会 第二十六次会议，审议通过了《关于<2025 年员工持股计划（草案修订稿）>及其摘 要的议案》《关于<2025 年员工持股计划管理办法（修订稿）>的议案》，为了更好地 实施本次员工持股计划，经综合评估、慎重考虑，公司对员工持股计划资金来源、 管理模式、权益分配、资产管理机构等相关事项进行调整。具体内容详见公司于巨 潮资讯网（www.cninfo.com.cn）披露的相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》及《深圳证券交易所 上市公司自律监管指引第 1 号——主板上市公司规范运作》的相关规定，现将公司 2025 年员工持股计划实施进展情况公告如下： 一、员工持股计划的股票来源及数量 本次员工持股计划股票来源为公司回购专用证券账户回购的公司 A 股股票。上 述回购专用证券账户回购的公司 A股股票包括根据2024年10月31日公司披露的《关 于回购期限届满暨股份回购实施结果的公告》中累计完成回购的 26,945,700 股股份， 债券代码：127089 债券简称：晶澳转债 晶澳太阳能科技股份有限公 ...

Group 1 - The China Photovoltaic Association issued a statement refuting rumors circulating online, emphasizing that the association and industry players are working steadily to maintain national and industry interests [1] - The association condemned malicious actions aimed at defaming the photovoltaic industry and stated their commitment to combat such behaviors [1] Group 2 - JinkoSolar's staff responded to media inquiries, clarifying that no executives claimed "the storage platform is failing," labeling the rumor as false [3] - The staff noted that JinkoSolar is not a participant in the storage platform and lacks detailed information on its implementation [3] - The photovoltaic sector experienced a significant decline, with leading companies like Longi Green Energy dropping over 7% and Canadian Solar falling over 14% [3]

Core Viewpoint - Recent rumors regarding the failure of the silicon material storage platform have caused significant turmoil in the photovoltaic industry, leading to a sharp decline in the stock prices of various solar companies [3][4]. Group 1: Market Reaction - On November 12, stock prices of major photovoltaic companies dropped significantly, with notable declines including: - Aiko Technology down 14.33% - Tongwei Co. down 6.06% - Longi Green Energy down 7.35% - JA Solar down 6.84% - Daqo New Energy down 8.76% [3]. Group 2: Industry Response - The China Photovoltaic Industry Association issued a statement on November 12, refuting the rumors and emphasizing that the industry is working steadily towards its goals, urging caution against misinformation [4]. - JA Solar representatives expressed confidence in the photovoltaic industry's policies against "internal competition" and support for the establishment of the storage platform, while acknowledging the need for collaboration to overcome challenges [4].

新华财经上海11月12日电（记者 郭慕清）11月12日，一则关于"光伏收储平台已黄"的"小作文"在资本市 场迅速发酵。消息称：晶澳科技董秘在北京建投策略会上透露，"平台黄了"。 记者了解到，这场风波的焦点是"收储平台"，这一消息源于市场自2025年5月以来的盛传。网传消息 称，所谓"光伏收储计划联盟"，是由国内数十家头部光伏企业共同讨论的"承债收购"方案，主要由多晶 硅龙头牵头，意在通过市场化手段加速行业出清。 根据流传方案，联盟计划组建统一的平台公司，以"承债收购+永久关停"的方式，对约100万吨的落后多 晶硅产能进行收购与退出，将全行业产能控制在220至250万吨区间，以此维持60%至70%的合理开工 率。该计划被视为在行业深度低谷期中的一次"自救式整合"，一旦落地，或将重塑上游供需格局。因 此，市场对相关进展极为敏感。 业内人士表示，从目前多方表态看，"平台黄了"的传闻纯属无稽之谈。无论是企业层面还是行业协会， 都强调"相关工作正在稳步推进"，并呼吁市场理性看待，不被"小作文"牵着走。 晶澳科技随后回应媒体称："公司始终坚定看好并充分相信，光伏行业反'内卷'的相关政策必将落地实 施，并将积极支持和配合各 ...

Core Viewpoint - The A-share photovoltaic sector experienced a significant downturn, with major companies like Aters (阿特斯) and JinkoSolar (晶澳科技) facing substantial declines in stock prices due to market rumors regarding the "silicon material and component alliance" being rejected by authorities and concerns over a storage platform's viability [1][3][5]. Group 1: Market Performance - On November 12, the photovoltaic sector saw widespread declines, with Aters dropping over 14% and other companies like JinkoSolar and Longi Green Energy (隆基绿能) falling more than 6% [1][2]. - The photovoltaic concept index decreased by 1.46%, losing 60.292 points [2]. Group 2: Rumors and Clarifications - Market rumors suggested that a storage platform for silicon materials was failing, which was denied by JinkoSolar's staff, stating that the company was not involved in such a platform [3][5]. - The China Photovoltaic Industry Association issued a statement refuting the rumors circulating online, emphasizing the importance of industry self-regulation and combating malicious actions against the sector [5]. Group 3: Industry Developments - The storage platform is part of the photovoltaic industry's efforts to combat "involution," with major companies reportedly signing agreements to collaborate on capacity storage [5][6]. - Recent reports indicated that the total funding required for capacity storage could exceed 200 billion to 300 billion yuan, with plans for a fund of approximately 700 billion yuan to facilitate acquisitions [6]. Group 4: Financial Performance - Some photovoltaic companies have shown signs of recovery, with Longi Green Energy reporting a revenue of 50.915 billion yuan for the first nine months of the year, and a significant reduction in losses in the third quarter [6][7]. - Analysts noted that the profitability of leading photovoltaic companies improved in the third quarter, driven by stabilized prices in the supply chain and reduced inventory impairment losses [6][7].

Core Viewpoint - The A-share photovoltaic sector experienced a significant downturn, with major companies like Canadian Solar and LONGi Green Energy seeing substantial declines in stock prices due to market rumors regarding the failure of a silicon material and component alliance [1][3][4]. Group 1: Market Performance - On November 12, the photovoltaic sector index fell by 1.46%, losing 60.292 points, with Canadian Solar dropping over 14% and other companies like JA Solar and LONGi Green Energy also experiencing declines exceeding 6% [1][2]. - Specific stock performances included Canadian Solar at 20.56, down 14.33%, and LONGi Green Energy at 20.79, down 7.35% [2][3]. Group 2: Industry Rumors and Responses - Market rumors suggested that a silicon material and component alliance was rejected by relevant authorities, and there were claims that JA Solar executives indicated a "storage platform" had failed [3][4]. - JA Solar's staff denied these claims, stating that the company was not involved in the storage platform and that the rumors were unfounded [3]. - The China Photovoltaic Industry Association issued a statement refuting the circulating rumors, emphasizing their commitment to industry self-regulation and combating malicious actions against the photovoltaic sector [4][7]. Group 3: Industry Developments - The "storage platform" is part of the photovoltaic industry's efforts to combat "involution," with major companies reportedly signing agreements to collaborate on capacity storage [8]. - Reports indicated that the total funding required for capacity storage could exceed 200 billion to 300 billion, with plans for a fund of approximately 700 billion to facilitate acquisitions [8]. - Despite recent challenges, some photovoltaic companies, like LONGi Green Energy, reported improved financial performance, with a revenue of 509.15 billion for the first nine months of the year, showing a significant reduction in losses over the last two quarters [8][9]. Group 4: Future Outlook - Analysts noted that the photovoltaic sector's profitability showed signs of improvement, driven by stabilized prices in the supply chain and reduced inventory impairment losses [9]. - The focus for the industry moving forward includes monitoring the implementation of the silicon material storage platform and the demand side, particularly regarding the "14th Five-Year Plan" for photovoltaic installations and the enforcement of pricing regulations [11].