Jinko Solar(SH:688223) Xin Lang Cai Jing·2026-02-13 08:20Core Viewpoint - JinkoSolar's stock experienced a decline of 5.48% on February 13, with a trading volume of 1.898 billion yuan and a market capitalization of 75.939 billion yuan [1] Group 1: Company Developments - The company has begun mass production of high-efficiency batteries focusing on N-type TOPCon technology and is actively researching new technologies and processes, including IBC and perovskite battery technologies [2] - JinkoSolar achieved a world record in conversion efficiency for perovskite/TOPCon tandem batteries, demonstrating the feasibility and potential of these technologies [2] - The company has a strong technical reserve in the N-type TOPCon field and plans to increase investment to maintain its leadership position in the "N-type era" [2] Group 2: Business Overview - JinkoSolar's main business includes the research, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers, providing high-quality solar products to global customers [3] - The company operates in the photovoltaic equipment sector, specifically in solar cells and modules, and has a complete revenue structure based on product sales [7] Group 3: Financial Performance - For the period from January to September 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 decrease of 422.67% [7][8] - 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 [9]