JA SOLAR(SZ:002459) Xin Lang Cai Jing·2026-01-15 03:48Core Viewpoint - JinkoSolar's stock has experienced fluctuations, with a recent decline of 2.05% and a total market capitalization of 37.93 billion yuan, indicating potential volatility in investor sentiment and market performance [1]. Financial Performance - For the period from January to September 2025, JinkoSolar reported a revenue of 36.81 billion yuan, reflecting a year-on-year decrease of 32.27%. The net profit attributable to shareholders was -3.55 billion yuan, a significant decline of 633.54% compared to the previous year [2]. - Cumulative cash dividends since the A-share listing amount to 3.055 billion yuan, with 2.415 billion yuan distributed over the last three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders decreased to 147,800, a reduction of 17.24%. The average number of circulating shares per shareholder increased by 20.84% to 22,370 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 214 million shares, a decrease of 7.36 million shares from the previous period. Other notable changes include an increase in holdings by Guangfa High-end Manufacturing Stock A and a decrease in holdings by Huatai-PB CSI 300 ETF [3]. Stock Performance - JinkoSolar's stock price has shown minimal change year-to-date, with a slight increase of 0.09%. However, it has experienced a decline of 5.29% over the last five trading days and a 13.05% drop over the last 60 days [1]. Business Overview - JinkoSolar, established on October 20, 2000, specializes in the research, production, and sales of silicon wafers, solar cells, and solar modules, as well as the development, construction, and operation of solar photovoltaic power plants. The main revenue sources are solar modules (91.10%), other businesses (5.85%), and photovoltaic power plant operations (3.05%) [1]. - The company is categorized under the power equipment industry, specifically in photovoltaic equipment and solar cell modules, and is associated with concepts such as monocrystalline silicon, TOPCon cells, energy storage, BIPV, and BYD [1].