晶科能源钱晶：下半年是光伏出清的关键节点，需加快优化产能升级

Core Viewpoint - In a market characterized by oversupply and intensified competition, photovoltaic companies are accelerating technological upgrades to escape homogeneous competition. JinkoSolar has introduced its new Tiger Neo 3.0 module, which boasts a production power of 670W and several advantages, including high bifaciality, low degradation, and excellent low-light response [2][4]. Company Strategy - JinkoSolar aims to optimize capacity upgrades this year, targeting an annual production capacity of over 40-50GW by year-end [2]. - The company plans to increase the proportion of its N-type technology capacity, with a goal for 20% of its products to achieve a power output of 650-670W and 40% to exceed 640W [4]. - JinkoSolar has set a shipment target of 85-100GW for the year and has a high level of order visibility, particularly in the Middle East and Asia-Pacific regions [5]. Globalization Efforts - JinkoSolar emphasizes its global capabilities, having established production bases in Southeast Asia and the U.S., and is planning a joint venture factory in Saudi Arabia [5][6]. - The company reported that nearly 57.8% of its component shipments and 68.6% of its sales revenue came from overseas in 2024 [6]. - JinkoSolar is implementing a Globalization 2.0 strategy, focusing on exporting technology, experience, and talent, alongside products and capacity [6]. Technological Advancements - The company’s TOPCon technology has achieved a mass production efficiency of 26.5%, with potential to reach over 32.5% in the future through advancements [6]. - JinkoSolar's CTO anticipates that TOPCon technology will dominate the evolution of photovoltaic technology in the coming years, with efficiency improvements expected to reach over 28% within three years [6].