1公里产线上的“加减法” 晶科能源 “破卷”突围透出“光伏之光”

Core Viewpoint - JinkoSolar is adapting to the new cycle in the photovoltaic industry by pausing the expansion of module production capacity and focusing on technological upgrades to enhance efficiency and competitiveness [1][4][5]. Group 1: Company Overview - JinkoSolar's "Smart Factory" in Shangrao, Jiangxi, is the world's first integrated production base for high-efficiency N-type TOPCon photovoltaic cells, with a total investment of 15 billion yuan [2]. - The factory spans nearly one kilometer and produces over 3.9 million photovoltaic cells daily, serving nearly 200 countries and regions globally [2][6]. - The company has achieved a significant milestone by being the top global supplier of photovoltaic modules for six consecutive years [1]. Group 2: Technological Advancements - The factory has implemented several technological upgrades, including the introduction of half-cell passivation technology, which enhances the efficiency and performance of photovoltaic cells [2][7]. - JinkoSolar's high-efficiency product line has seen power ratings exceed 640W, surpassing the market average by 20W to 30W [2][3]. Group 3: Market Strategy and Financial Performance - In response to competitive pressures, JinkoSolar is focusing on a balanced approach to production and exploring innovative efficiency improvements [3][5]. - The company reported a revenue of 31.83 billion yuan in the first half of the year, a year-on-year decline of 32.63%, and a net loss of 2.91 billion yuan [4]. - Despite short-term losses, JinkoSolar anticipates a future market shortage for high-efficiency photovoltaic products, projecting a premium of 0.5 to 1 cent per watt for upgraded products [3][5]. Group 4: Industry Context and Future Outlook - The photovoltaic industry is currently facing a downturn, prompting JinkoSolar to halt the planned expansion of its module production capacity [4][5]. - The company is optimistic about a market recovery by the second half of 2024, driven by industry self-regulation and government initiatives to eliminate outdated capacity [5][6]. - JinkoSolar is expanding its global footprint, with over 60% of its revenue coming from international markets, and plans to establish a joint venture in Saudi Arabia for a 10GW high-efficiency battery and module project [6][7].