晶科能源：前三季度净亏损39.20亿元 光伏组件价格下降

Core Viewpoint - JinkoSolar (688223.SH) reported a significant decline in revenue and net profit for Q3 2025, primarily due to intensified competition in the photovoltaic market and a decrease in solar module prices [1] Financial Performance - Q3 revenue was 16.155 billion yuan, a year-on-year decrease of 34.11% [1] - Q3 net profit was -1.012 billion yuan, marking a shift to a loss compared to the previous year [1] - Revenue for the first three quarters was 47.986 billion yuan, down 33.14% year-on-year [1] - Net profit for the first three quarters was -3.920 billion yuan, also indicating a transition to a loss compared to the same period last year [1] Market Conditions - The decline in performance is attributed to increased competition in the photovoltaic market [1] - The drop in prices of solar modules has significantly impacted the profitability of the main business [1]