Jinko Solar(SH:688223) Xin Lang Cai Jing·2025-12-23 07:58Core Viewpoint - JinkoSolar is focusing on advanced solar technologies, particularly N-type TOPCon and perovskite cells, to maintain its leadership in the solar energy sector while facing challenges in revenue and profitability [2][3][8]. Group 1: Company Performance - JinkoSolar's stock price decreased by 1.10% on December 23, with a trading volume of 278 million yuan and a market capitalization of 53.828 billion yuan [1]. - The company reported a revenue of 47.986 billion yuan for the first nine months of 2025, a year-on-year decrease of 33.14%, and a net profit loss of 3.92 billion yuan, down 422.67% compared to the previous year [7][8]. Group 2: Technological Advancements - The company has successfully mass-produced high-efficiency N-type TOPCon cells and is actively developing new technologies, including IBC and perovskite cells [2]. - JinkoSolar's N-type TOPCon production facilities in Hefei and Haining are progressing well, with the Hefei plant achieving a mass production efficiency of 24.7% [2]. - The company has set a world record for the conversion efficiency of perovskite/TOPCon tandem cells, showcasing the potential of these technologies for future commercial production [2]. Group 3: Market Position and Shareholder Information - JinkoSolar's main business includes the research, production, and sales of solar photovoltaic modules, cells, and wafers, contributing 100% to its revenue [3]. - As of September 30, 2025, the number of shareholders increased to 77,300, with an average of 129,456 circulating shares per person, a decrease of 3.97% from the previous period [7].