晶科能源跌1.84%，成交额2.72亿元，近5日主力净流入-7459.61万

Core Viewpoint - JinkoSolar's stock experienced a decline of 1.84% on December 4, with a trading volume of 272 million yuan and a market capitalization of 53.428 billion yuan [1] Group 1: Company Overview - JinkoSolar is engaged in the research, production, and sales of solar photovoltaic modules, cells, and wafers, focusing on high-quality solar energy products for global customers [6] - The company was established on December 13, 2006, and went public on January 26, 2022 [6] - 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] Group 2: Technology and Production - The company has successfully mass-produced high-efficiency N-type TOPCon technology batteries and is actively developing new technologies and processes, including IBC and calcium-titanate batteries [2] - JinkoSolar has a strong technical reserve in the N-type TOPCon field, with clear paths for efficiency improvement and cost reduction, and plans to increase investment to maintain its leadership in the "N-type era" [2] - The company has achieved full production at its TOPCon battery factory in Hefei, with a mass production testing efficiency of 24.7%, and the Haining factory is also ramping up production smoothly [2] Group 3: Market and Financial Analysis - The main business revenue is entirely from product sales, constituting 100% of the income [6] - The stock has seen a net outflow of 28.4858 million yuan from major funds today, with a continuous reduction in major fund positions over the past three days [3][4] - The average trading cost of the stock is 5.96 yuan, with the current price near a support level of 5.34 yuan, indicating potential for a rebound if it holds above this level [5] Group 4: Shareholder and Dividend Information - JinkoSolar 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] - 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]