东方金诚关注晶科能源2025年半年度业绩亏损情况

Core Viewpoint - Dongfang Jincheng maintains the credit rating of JinkoSolar and its "Jingneng Convertible Bonds" at AA+ with a stable outlook, despite the company's financial challenges in the first half of 2025 [1] Financial Performance - JinkoSolar reported revenue of 31.831 billion yuan and a total profit of -4.216 billion yuan for the first half of 2025, with a net profit attributable to shareholders of -2.909 billion yuan [1] - The decline in performance is attributed to intensified competition in the photovoltaic market, changes in overseas trade policies, and a drop in product prices [1] Market Position - Despite the financial setbacks, JinkoSolar maintained the highest shipment volume in the industry for solar modules in the first half of 2025 [1] - The company plans to implement multiple initiatives to improve profitability moving forward [1] Credit Rating Monitoring - Dongfang Jincheng will continue to monitor subsequent developments and their potential impact on credit ratings [1]