JA SOLAR(SZ:002459) Xin Lang Cai Jing·2025-12-02 01:58Core Viewpoint - JinkoSolar Technology Co., Ltd. has experienced a decline in stock price and significant financial losses in recent months, indicating potential challenges in the solar energy sector [1][2]. Financial Performance - As of September 30, 2025, JinkoSolar reported a revenue of 36.809 billion yuan, a year-on-year decrease of 32.27% [2]. - The company recorded a net profit attributable to shareholders of -3.553 billion yuan, representing a year-on-year decrease of 633.54% [2]. - The stock price has dropped 13.67% year-to-date, with a 2.63% decline over the last five trading days and a 14.97% drop over the last 20 days [1]. Stock Market Activity - On December 2, 2023, JinkoSolar's stock price fell by 2.06%, trading at 11.87 yuan per share with a total market capitalization of 39.286 billion yuan [1]. - The company has seen net outflows of 4.419 million yuan in principal funds, with significant selling pressure from large orders [1]. - JinkoSolar has appeared on the "龙虎榜" (a trading board for stocks with significant trading activity) twice this year, with the latest instance on October 29, where it recorded a net buy of 156 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 17.24% to 147,800, while the average circulating shares per person increased by 20.84% to 22,370 shares [2]. - The company has distributed a total of 3.055 billion yuan in dividends since its A-share listing, with 2.415 billion yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 214 million shares, a decrease of 7.3649 million shares from the previous period [3]. - Other notable institutional shareholders include GF High-end Manufacturing Stock A and Huatai-PineBridge CSI 300 ETF, with varying changes in their holdings [3].