1月9日，晶澳科技盘中下跌2.07%，截至11:07，报11.85元/股，成交4.28亿元，换手率1.08%，总市值 392.20亿元。 晶澳科技所属申万行业为：电力设备-光伏设备-光伏电池组件。所属概念板块包括：单晶硅、BIPV概 念、TOPCon电池、雄安新区、HJT电池等。 资金流向方面，主力资金净流出5329.34万元，特大单买入2017.15万元，占比4.71%，卖出3313.07万 元，占比7.74%；大单买入8317.59万元，占比19.43%，卖出1.24亿元，占比28.85%。 晶澳科技今年以来股价涨3.49%，近5个交易日涨3.49%，近20日涨4.87%，近60日跌17.13%。 资料显示，晶澳太阳能科技股份有限公司位于北京市丰台区汽车博物馆东路1号院诺德中心8号楼,香港 湾仔皇后大道东248号大新金融中心40楼，成立日期2000年10月20日，上市日期2010年8月10日，公司主 营业务涉及硅片、太阳能电池片及太阳能电池组件的研发、生产和销售,以及太阳能光伏电站的开发、 建设、运营等。主营业务收入构成为：光伏组件91.10%，其他5.85%，光伏电站运营3.05%。 分红方面，晶澳科技 ...

Core Insights - The conference "Smart Leadership, Digital Future | 2025 AI Intelligent Future CIO Summit" was recently held in Beijing, featuring a presentation by Zhang Yizhu, Digital Director of JA Solar Technology Co., Ltd., on "Marketing Digital Transformation Guided by Business Change" [1][13] Industry Context - The photovoltaic industry is undergoing significant changes, facing challenges such as price declines and intensified market competition, leading to a consensus on the need for "transformation" and "change" [4][16] - The market has shifted from a seller's market, characterized by "producing as much as possible," to a buyer's market, necessitating a change in marketing strategies to focus on demand-driven production [4][16] Marketing Digital Transformation Strategy - JA Solar emphasizes a step-by-step approach to marketing digital transformation, advocating for quick wins through opportunity management, production-sales collaboration, customer management, and risk warning systems [3][15] - The company recognizes the urgency of marketing transformation, driven by the need for market insight, precise customer management, and improved collaboration efficiency [5][17] Implementation Framework - The core logic of JA Solar's digital transformation is that "digitalization serves business needs, not the other way around," focusing first on identifying business pain points and setting clear transformation goals [6][18] - The transformation is structured around a dual support system of "architecture + culture," ensuring that digital functions align with specific business scenarios and fostering a culture of proactive participation among employees [6][18] Phased Approach to Transformation - The transformation is divided into five phases, each focusing on a core objective to ensure visible results and build confidence [19][20] - Phase 1: Online opportunity management, improving monitoring efficiency by over 60% [20] - Phase 2: Digital production-sales collaboration, enhancing supply chain response speed by 40% [20] - Phase 3: Precise customer management through a customer classification model [20] - Phase 4: Intelligent risk warning systems, improving contract risk identification accuracy by 80% [20] - Phase 5: Long-term customer management plans to foster win-win partnerships [21] Key Takeaways for Transformation - Successful transformation requires leadership commitment, with the chairman leading the initiative and establishing a cross-departmental change management committee [10][22] - Process optimization must precede digitalization, ensuring that workflows are efficient before being digitized [10][22] - Employees must perceive tangible benefits from the transformation to reduce resistance and foster motivation [10][22] Future Directions - JA Solar aims to enhance "full-link intelligent collaboration" in marketing, leveraging AI to analyze customer interactions and synchronize global market data for informed decision-making [11][23] - The company views marketing digital transformation as an ongoing process rather than a one-time project, striving to maintain a competitive edge in the evolving photovoltaic industry [11][23] Conclusion - JA Solar's marketing digital transformation serves as a valuable example for the industry, emphasizing the importance of aligning business needs with digital tools and fostering a supportive culture to navigate changes effectively [12][24]

Core Viewpoint - The photovoltaic industry is expected to accelerate supply-demand restructuring driven by the "anti-involution" trend, leading to gradual profit recovery by 2026 [1] Group 1: Supply-Demand Restructuring - The "anti-involution" spirit is deeply penetrating the photovoltaic industry, with main chain prices recovering from the top down, and auxiliary material leading companies showing significant profit recovery by Q3 2025 [1] - The rapid development of energy storage, alongside the implementation of grid parity for solar storage in key markets like China, the US, and Europe, is expected to alleviate the impact of increased photovoltaic installations on the grid [1] - The long-term demand outlook is optimistic due to rising computing power needs and breakthroughs in core photovoltaic technologies for space stations, which will open new application scenarios [1] Group 2: Technology Iteration and Profit Recovery - The penetration rate of low-silver and silver-free technologies is expected to rise quickly, with leading companies likely to recover profits faster than the industry average due to rapid cost reduction in component production [2] - The introduction of low-silver solutions by JinkoSolar and silver-free technologies by LONGi Green Energy is highlighted as key developments in this technology iteration [2] Group 3: Auxiliary Material Companies - Auxiliary material companies are expected to accelerate profit recovery through diversified business layouts, as the pressure on the photovoltaic main chain has been ongoing for over three years [3] - Leading companies in auxiliary materials are preparing for a second growth phase, with non-photovoltaic business proportions expected to increase, contributing to revenue and profit reversals [3] Group 4: Beneficiary Analysis - Companies leading in low-silver and silver-free technology iterations, such as LONGi Green Energy, JinkoSolar, Aiko Solar, and Tongwei Co., are expected to benefit from cost advantages [4] - Companies actively integrating energy storage with photovoltaic operations, like Trina Solar, JinkoSolar, LONGi Green Energy, and JA Solar, are likely to see profit recovery [4] - Leading companies in supporting facilities, such as DKE Holdings, Juhua Materials, and Foster, are expected to continue profit recovery through new technology breakthroughs and business expansions [4]

Core Viewpoint - JinkoSolar Technology Co., Ltd. has experienced fluctuations in stock performance and significant changes in financial metrics, indicating potential investment opportunities and challenges in the solar energy sector. Group 1: Stock Performance - On January 8, JinkoSolar's stock rose by 2.02%, reaching 12.11 CNY per share, with a trading volume of 204 million CNY and a turnover rate of 0.52%, resulting in a total market capitalization of 40.08 billion CNY [1] - Year-to-date, the stock price has increased by 5.76%, with a 4.04% rise over the last five trading days, a 5.67% increase over the last 20 days, but a decline of 12.63% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, JinkoSolar reported a revenue of 36.809 billion CNY, a year-on-year decrease of 32.27%, and a net profit attributable to shareholders of -3.553 billion CNY, reflecting a significant year-on-year decline of 633.54% [2] - Cumulatively, JinkoSolar has distributed 3.055 billion CNY in dividends since its A-share listing, with 2.415 billion CNY distributed over the past three years [3] Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders for JinkoSolar was 147,800, a decrease of 17.24% from the previous period, while the average number of circulating shares per person increased by 20.84% to 22,370 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 214 million shares, a decrease of 7.3649 million shares from the previous period, while other notable shareholders have seen varying changes in their holdings [3]

Core Viewpoint - Jingao Technology (002459) announced a guarantee balance of RMB 60.04 billion as of December 31, 2025, which represents 215.22% of the audited net assets attributable to shareholders for the fiscal year 2024 [1] Group 1 - The guarantee amount provided for subsidiaries within the consolidated financial statements is RMB 56.91 billion [1] - The guarantee amount provided for companies outside the consolidated financial statements is RMB 3.13 billion [1] - The company has no overdue guarantees, no guarantees involved in litigation, and no losses due to guarantees resulting in adverse judgments [1]

证券日报网讯 1月7日，晶澳科技（002459）在互动平台回答投资者提问时表示，JAM66D50-650高功率 组件是公司晶澳新量产的DeepBlue5.0产品。该系列组件最大功率可达670W，量产组件效率最高达 24.8%，在当前主流大尺寸n型组件中处于领先水平。DeepBlue5.0的设计逻辑聚焦于"全生命周期发电收 益最大化"和"系统端综合成本最优"，该产品在电池技术、组件设计和制造工艺上实现了多项关键突 破，其中Bycium+5.0n型钝化接触电池技术、更高密度封装与先进互联技术、高双面率等技术的升级为 DeepBlue5.0的更新迭代提供了坚实的基础。 ...

Group 1 - The "anti-involution" trend is reshaping supply and demand in the photovoltaic industry, with price recovery expected as the market stabilizes. The introduction of energy storage at parity in key markets is accelerating, alleviating pressure on the grid from rapid increases in photovoltaic installations. The long-term demand outlook is optimistic due to rising computing power needs and breakthroughs in photovoltaic technology for space applications [2][12][14]. Group 2 - The penetration of low-silver and silver-free technologies is expected to increase rapidly, with leading companies likely to recover profitability faster than the industry average. The rise in silver prices is driving the adoption of these technologies, which are crucial for cost reduction [3][38][43]. Group 3 - The auxiliary material sector, under pressure for over three years, is expected to see a recovery in profitability as companies diversify their business models. Leading firms are preparing for a second growth phase, which will enhance their revenue streams [4][63]. Group 4 - Beneficiary analysis indicates that companies leading in low-silver and silver-free technology, such as Longi Green Energy and JinkoSolar, are well-positioned to benefit from cost advantages. Companies actively investing in energy storage, like Trina Solar and JA Solar, are also expected to see early recovery in profitability [5][73]. Group 5 - Global demand for photovoltaic installations is projected to grow, with an estimated 600 GW and 610 GW of new installations in 2025 and 2026, respectively. However, growth rates may slow due to market saturation in core regions like China and Europe [8][14]. Group 6 - The supply side is experiencing overcapacity, with significant production increases expected in silicon materials and components. The "anti-involution" movement is leading to reduced capital expenditures, which may help manage supply effectively [12][30]. Group 7 - The photovoltaic industry is witnessing a shift towards new technologies and applications, such as space photovoltaics and perovskite solar cells, which are expected to expand market opportunities significantly [49][54].

| | | 证券代码：002459 证券简称：晶澳科技 公告编号：2026-003 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司 关于 2025 年度公司提供担保的进展公告 一、合并报表范围内担保情况概述 1、担保额度审批 晶澳太阳能科技股份有限公司（以下简称"公司"）于2024年12月10日召开 第六届董事会第三十一次会议、2024年12月30日召开2024年第三次临时股东大会， 审议通过了《关于2025年度公司与下属公司担保额度预计的议案》，同意公司为 合并报表范围内下属公司提供担保、下属公司之间互相担保、下属公司为公司提 供担保，2025年度新增担保额度总计不超过人民币880亿元，其中向资产负债率 为70%以上的担保对象的新增担保额度为不超过568亿元，向资产负债率为70% 以下的担保对象的新增担保额度为不超过312亿元。担保范围包括但不限于申请 融资业务发生的融资类担保（包括贷款、银行承兑汇票、外汇衍生品交易、信用 证、保函等业务）以及日常经营发生的履约类担保。担保种类包括一般保证、连 带责任保证、抵押、质押等。在上述额度范围内，公司及下属公司因业务需要办 理上述担保范围内业 ...

来源：问董秘 投资者提问： 晶澳科技董秘您好！公司4月28日递交港交所上市申请至今已逾六月，招股书于10月28日自动失效引发 市场关注。此前公司提及正积极回复监管反馈、补充半年度数据，当前港股上市是否计划重启？后续提 交材料的时间表能否披露？在行业承压、前三季度业绩亏损背景下，上市进程调整对公司融资及全球化 布局有何影响？ 董秘回答(晶澳科技SZ002459)： 您好，公司会按照相关规定履行信息披露义务，请关注公司公告，感谢关注。 查看更多董秘问答>> 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 ...

Group 1 - The core viewpoint of the article is that Jingao Technology (002459.SZ) is actively engaged in research and development of perovskite battery technology at its R&D center [1] Group 2 - The company has established a technical reserve specifically for perovskite battery technology [1]