Jinko Solar(SH:688223) Xin Lang Cai Jing·2025-09-04 08:02Core Viewpoint - JinkoSolar is focusing on high-efficiency N-type TOPCon technology and has successfully ramped up production capacity for large-scale N-type TOPCon batteries, positioning itself as a leader in the "N-type era" of solar technology [2]. Company Overview - JinkoSolar, established on December 13, 2006, is headquartered in Shanghai and specializes in the research, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers, providing high-quality solar products globally [6]. - The company's revenue composition includes 96.33% from photovoltaic modules, 0.89% from battery cells, and 0.16% from silicon wafers [6]. Production and Technology - The company has successfully mass-produced high-efficiency N-type TOPCon batteries, with a production efficiency of 24.7% and a yield rate comparable to PERC production lines [2]. - JinkoSolar is actively developing new technologies and processes, including IBC and perovskite battery technologies, to enhance its product offerings [2]. Financial Performance - For the first half of 2025, JinkoSolar reported a revenue of 31.83 billion yuan, a year-on-year decrease of 32.63%, and a net profit attributable to shareholders of -2.91 billion yuan, a significant decline of 342.38% [6]. - The company has distributed a total of 3.355 billion yuan in dividends since its A-share listing, with 3.125 billion yuan distributed over the past three years [7]. Market Activity - On September 4, JinkoSolar's stock rose by 1.60%, with a trading volume of 1.398 billion yuan and a market capitalization of 57.03 billion yuan [1]. - The stock has shown signs of accumulation, although the strength of this accumulation is not strong, and it is approaching a resistance level of 5.74 yuan [5].