Jinko Solar(SH:688223) Xin Lang Cai Jing·2025-07-17 01:57Core Viewpoint - The interview with the Secretary of the Board of JinkoSolar highlights the company's innovative strategies and commitment to addressing challenges in the photovoltaic industry, particularly focusing on technological advancements and sustainable practices [4][12]. Company Overview - JinkoSolar is a globally recognized solar technology company, listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2022, and has been a leader in solar module shipments for six consecutive years [4]. - The company's main products include photovoltaic modules, battery cells, and silicon wafers, with a strong focus on N-type advanced production capacity [4][7]. Financial Performance - In 2024, JinkoSolar's module shipment volume is projected to reach 92.87 GW, with N-type module shipments accounting for 88% [4]. - The company reported a revenue of 92.471 billion yuan and invested 4.407 billion yuan in R&D, with over 4,400 patent applications [4]. Industry Challenges and Strategies - The photovoltaic industry faces supply-demand imbalances, necessitating strict control over new capacity while innovating existing capacity to enhance competitive differentiation [2][7]. - JinkoSolar plans to upgrade over 40% of its production capacity by the end of 2025 to meet the demand for higher power modules [7]. Technological Innovation - The core of new productive forces in the photovoltaic industry is driven by technological innovation, including breakthroughs in high-efficiency battery technologies and smart manufacturing [6][11]. - JinkoSolar has achieved significant advancements, such as a maximum power output of 670W and a conversion efficiency of 24.8% for its third-generation Tiger Neo module [10][11]. R&D and ESG Commitment - The company has committed nearly 17 billion yuan to R&D from 2022 to 2024, representing over 5% of its revenue, and employs nearly 2,000 R&D personnel [11]. - JinkoSolar is a leader in ESG practices, being the first solar company to join the RE100 and EP100 initiatives, and has achieved all targets set by the Science Based Targets initiative (SBTi) [12]. Market Position and Future Outlook - JinkoSolar aims to expand its energy storage business significantly, targeting a shipment goal of 6 GWh by 2025, which is nearly five times the 2024 target [8]. - The company is enhancing its global manufacturing and investment strategies to mitigate market uncertainties and reduce reliance on single markets [10].