【私募调研记录】久期投资调研晶科能源

Group 1 - The core viewpoint of the article highlights that JinkoSolar is addressing the intense competition in the photovoltaic industry by controlling new capacity and guiding prices towards rationality, while also promoting technological innovation [1] - JinkoSolar has made significant progress in upgrading its high-power products, with partial deliveries of products over 640W expected in Q3 of this year, and a majority of orders anticipated to switch to 640W and above in the coming year [1] - The company projects that its TOPCon capacity will reach 670W next year, with the potential to achieve 680-700W in the next 2-3 years, and aims to enhance battery mass production efficiency to over 28% [1] - The global photovoltaic market demand is expected to remain stable in the second half of the year, with a return to normal demand in the Chinese market and rapid growth in emerging overseas markets, leading to stabilized component prices [1] - JinkoSolar's production scheduling for Q3 is expected to remain stable on a quarter-on-quarter basis, benefiting from the rapid growth in emerging markets such as the Asia-Pacific and Middle East and Africa [1]