Core Viewpoint - The photovoltaic equipment sector is experiencing fluctuations, with significant declines in stock prices for several companies, indicating potential volatility in the market [1]. Company Summary - DKE Holdings and Jinlang Technology both saw their stock prices drop by over 10% [1]. - Other companies such as Jing Sheng Mechanical and Electrical, Shangneng Electric, and Maiwei Co. also experienced declines, suggesting a broader trend in the sector [1].

Core Insights - As of October 15, 2025, a total of 12 A-share listed companies have disclosed their Q3 financial reports, with all reporting profits and none reporting losses [1] - The cumulative revenue of these companies reached 45.529 billion yuan, reflecting a year-on-year increase of 12.24%, while the total net profit amounted to 6.418 billion yuan, marking a year-on-year growth of 41.99% [1] - Among the 12 companies, 11 reported an increase in net profit year-on-year, while only one company experienced a decline [1] Revenue and Profit Analysis - The total revenue for the 12 companies was 45.529 billion yuan, with a year-on-year growth of 12.24% [1] - The total net profit was 6.418 billion yuan, showing a year-on-year increase of 41.99% [1] - One company reported a net profit exceeding 1 billion yuan, with the top three companies being Xiaogoods City, Jinlang Technology, and Daoshi Technology, with net profits of 3.457 billion yuan, 0.865 billion yuan, and 0.415 billion yuan respectively [1] Net Profit Growth - Two companies reported a net profit growth exceeding 50%, with Daoshi Technology, Wo Le Home, and Xiaogoods City leading the way, showing net profit growth rates of 182.45%, 70.92%, and 48.45% respectively [1]

Core Viewpoint - Jinko Technology reported a slight increase in revenue for Q3 2025, but a significant decline in net profit, indicating potential challenges in the solar inverter market [1][2]. Group 1: Financial Performance - In Q3 2025, Jinko Technology achieved revenue of 1.869 billion yuan, a year-on-year increase of 3.43%, while net profit dropped to 263 million yuan, a decrease of 16.85% [1]. - For the first nine months of 2025, the company reported revenue of 5.663 billion yuan, up 9.71% year-on-year, and net profit of 865 million yuan, an increase of 29.39% [2]. - The revenue figures for the first three quarters were 1.518 billion yuan, 2.276 billion yuan, and 1.869 billion yuan, with corresponding net profits of 195 million yuan, 407 million yuan, and 263 million yuan [2]. Group 2: Cost and Expenses - Jinko Technology's labor costs and R&D investments have been increasing, with employee compensation reaching 150 million yuan, a year-on-year increase of 34.51%, and R&D expenses totaling 341 million yuan, up 17.02% [2]. - Sales and management expenses were 417 million yuan and 237 million yuan, reflecting year-on-year increases of 22.94% and 29.53% respectively [2]. Group 3: Market Conditions - The company faced challenges in its core inverter revenue, which declined by 11.22% year-on-year, and a decrease in gross margin for household photovoltaic systems by 3.19 percentage points [2]. - Export data showed that in August, the inverter export value was 6.29 billion yuan, a year-on-year increase of 2.2% but a month-on-month decrease of 3.4% [2]. Group 4: Fundraising and Future Projects - Jinko Technology plans to issue 1.677 billion yuan in convertible bonds to fund various projects, including distributed photovoltaic power stations and new inverter projects [4]. - The projects are expected to add production capacity for high-voltage inverters and mixed storage inverters, with projected annual net profits of approximately 77.28 million yuan and 124 million yuan respectively [4]. - The company anticipates that these projects will enhance its competitive strategy and expand its product offerings in the distributed photovoltaic sector [4].

经济观察网 2025年10月14日，锦浪科技(300763)发布2025年第三季度报告，2025年第三季度实现营业收 入18.69亿元，同比增长3.43%；实现净利润2.63亿元，同比下降16.85%。 ...

格隆汇10月14日丨锦浪科技(300763.SZ)公布三季度报告，前三季营业收入56.6亿元，同比增长9.71%， 归属于上市公司股东的净利润8.65亿元，同比增长29.39%，归属于上市公司股东的扣除非经常性损益的 净利润8.02亿元，同比增长27.32%。 ...

Core Insights - Jinlang Technology (300763) reported its Q3 2025 results, showing a revenue of 1.869 billion yuan, representing a year-on-year growth of 3.43% [1] - The company's net profit attributable to shareholders for Q3 was 263 million yuan, reflecting a year-on-year decline of 16.85% [1] - For the first three quarters, the net profit attributable to shareholders reached 865 million yuan, indicating a year-on-year increase of 29.39% [1]

2025年1至6月份，锦浪科技的营业收入构成为：光伏行业占比100.0%。 每经AI快讯，锦浪科技（SZ 300763，收盘价：87.9元）10月14日晚间发布公告称，公司第四届第九次 董事会会议于2025年10月14日在浙江省象山县经济开发区滨海工业园金开路188号公司会议室以现场结 合通讯的方式召开。会议审议了《关于公司2025年第三季度报告的议案》等文件。 每经头条（nbdtoutiao）——中科院博导带队，中国固态电池技术又有重大突破！ （记者 曾健辉） 截至发稿，锦浪科技市值为350亿元。 ...

（记者 曾健辉） 截至发稿，锦浪科技市值为350亿元。 每经AI快讯，锦浪科技（SZ 300763，收盘价：87.9元）10月14日晚间发布三季度业绩公告称，2025年 前三季度营收约56.63亿元，同比增加9.71%；归属于上市公司股东的净利润约8.65亿元，同比增加 29.39%；基本每股收益2.19元，同比增加29.59%。 每经头条（nbdtoutiao）——中科院博导带队，中国固态电池技术又有重大突破！ ...

证券代码：300763 证券简称：锦浪科技 公告编号：2025-085 锦浪科技股份有限公司 向不特定对象发行可转换公司债券网上路演公告 保荐人（主承销商）：国泰海通证券股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本次发行的可转换公司债券将向发行人在股权登记日（2025 年 10 月 16 日， T-1 日）收市后中国证券登记结算有限责任公司深圳分公司登记在册的原股东 优先配售。原股东优先配售后余额部分（含原股东放弃优先配售部分）通过深 圳证券交易所交易系统网上向社会公众投资者发行。 本次发行的《募集说明书提示性公告》已刊登于 2025 年 10 月 15 日的《证 券时报》等中国证监会指定的上市公司信息披露媒体，本次公开发行可转换公 司债券募集说明书全文及相关资料可在巨潮资讯网（http://www.cninfo.com.cn） 查询。 为便于投资者了解锦浪科技本次向不特定对象发行可转换公司债券的有关 情况和本次发行的相关安排，发行人和国泰海通证券股份有限公司（以下简称 "保荐人（主承销商）"）将就本次发行举行网上路演，敬请广大投资者关注。 ...

证券代码：300763 证券简称：锦浪科技 公告编号：2025-083 锦浪科技股份有限公司 向不特定对象发行可转换公司债券发行公告 保荐人（主承销商）：国泰海通证券股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示 锦浪科技股份有限公司（以下简称"锦浪科技"、"公司"、"本公司" 或"发行人"）和国泰海通证券股份有限公司（以下简称"国泰海通"、"保 荐人（主承销商）"或"主承销商"）根据《中华人民共和国证券法》《上市 公司证券发行注册管理办法》（证监会令〔第 227 号〕）、《证券发行与承销 管理办法》（证监会令〔第 228 号〕）、《深圳证券交易所上市公司自律监管 指引第 15 号——可转换公司债券（2025 年修订）》（深证上〔2025〕223 号）、 《深圳证券交易所上市公司证券发行与承销业务实施细则（2025 年修订）》 （深证上〔2025〕268号）和《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理（2025年修订）》（深证上〔2025〕398号）等相关规定组织 实施向不特定对象发行可转换公司债券（以下简称"可转 ...