Jinko Solar(SH:688223) Xin Lang Cai Jing·2025-11-26 07:44Core Viewpoint - JinkoSolar is focusing on high-efficiency N-type TOPCon technology and has successfully ramped up production capacity for large-size N-type TOPCon batteries, positioning itself as a leader in the "N-type era" [2] Company Overview - JinkoSolar Co., Ltd. is based in Shanghai and was established on December 13, 2006. It 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 was listed on January 26, 2022, and its main business revenue comes entirely from product sales [6] Financial Performance - As of September 30, 2025, JinkoSolar reported a revenue of 47.986 billion yuan, a year-on-year decrease of 33.14%, and a net profit attributable to shareholders of -3.92 billion yuan, a year-on-year decrease of 422.67% [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 November 26, JinkoSolar's stock price decreased by 0.53%, with a trading volume of 343 million yuan and a turnover rate of 0.61%, resulting in a total market capitalization of 56.129 billion yuan [1] - The stock has seen a net inflow of 18.6173 million yuan from main funds today, ranking 8th out of 70 in its industry, with continuous net inflows over the past three days [3][4] Technical Analysis - The average trading cost of JinkoSolar's shares is 5.98 yuan, with recent rapid outflows of shares. The stock is approaching a resistance level of 5.65 yuan, indicating potential for a price correction unless it breaks through this level [5] Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 306 million shares, a decrease of 132 million shares from the previous period [8]