Jinko Solar(SH:688223) Xin Lang Cai Jing·2025-09-18 02:24Core Insights - JinkoSolar's stock increased by 0.55% on September 17, with a trading volume of 6.92 billion yuan, indicating active market participation [1] - The company experienced a net financing outflow of 27.32 million yuan on the same day, with a total financing balance of 9.37 billion yuan, which is high compared to historical levels [1] - JinkoSolar's main business involves the research, production, and sales of solar photovoltaic products, with 100% of its revenue coming from product sales [1] Financing and Margin Trading - On September 17, JinkoSolar had a financing buy-in of 87.42 million yuan, with a financing balance of 9.35 billion yuan, representing 1.70% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1] - The company had a margin trading activity with 5.26 million shares sold and a margin balance of 2.05 million yuan, which is low compared to historical levels [1] 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 loss of 2.91 billion yuan, a significant decline of 342.38% [2] - The number of shareholders increased to 74,200, while the average circulating shares per person decreased slightly by 0.88% [2] Dividend and Shareholding Structure - Since its A-share listing, JinkoSolar has distributed a total of 3.355 billion yuan in dividends, with 3.125 billion yuan distributed over the last three years [3] - As of June 30, 2025, the second-largest shareholder is Hong Kong Central Clearing Limited, holding 438 million shares, an increase of 57.21 million shares from the previous period [3] - The fourth-largest shareholder, Huaxia SSE STAR 50 ETF, reduced its holdings by 5.74 million shares, while the seventh-largest shareholder, E Fund SSE STAR 50 ETF, increased its holdings by 4.71 million shares [3]