来源：新浪证券-红岸工作室 12月17日，晶科能源涨1.51%，成交额2.25亿元，换手率0.42%，总市值537.28亿元。 异动分析 BC电池+TOPCON电池+钙钛矿电池+光伏概念 今日主力净流入-102.89万，占比0%，行业排名43/70，连续3日被主力资金减仓；所属行业主力净流入 10.60亿，当前无连续增减仓现象，主力趋势不明显。 区间今日近3日近5日近10日近20日主力净流入-102.89万-3559.96万-5722.78万-1.58亿-2.98亿 主力持仓 主力没有控盘，筹码分布非常分散，主力成交额5722.78万，占总成交额的5.09%。 1、2023年6月2日公司互动：公司已量产高效电池聚焦N型TOPCon技术，同步积极开展新技术、新工艺 的研发，储备了IBC电池技术和钙钵矿电池技术等。 2、公司在N型TOPCon领域技术工艺储备丰富、提效降本路径清晰，未来将持续加大投入以保持"N型时 代"领跑者的地位。公司在安徽合肥、浙江海宁投产的16GW大尺寸N型TOPCon电池产能进展顺利，各 项指标符合预期。其中合肥TOPCon电池工厂已经满产，量产测试效率已达24.7%，可用良率与PERC产 ...

来源：新浪证券-红岸工作室 12月12日，晶科能源涨0.93%，成交额2.81亿元，换手率0.52%，总市值543.28亿元。 异动分析 BC电池+TOPCON电池+钙钛矿电池+光伏概念 1、2023年6月2日公司互动：公司已量产高效电池聚焦N型TOPCon技术，同步积极开展新技术、新工艺 的研发，储备了IBC电池技术和钙钵矿电池技术等。 2、公司在N型TOPCon领域技术工艺储备丰富、提效降本路径清晰，未来将持续加大投入以保持"N型时 代"领跑者的地位。公司在安徽合肥、浙江海宁投产的16GW大尺寸N型TOPCon电池产能进展顺利，各 项指标符合预期。其中合肥TOPCon电池工厂已经满产，量产测试效率已达24.7%，可用良率与PERC产 线持平。海宁尖山工厂爬坡顺利，于2022年6月底满产。 3、根据2025年12月2日互动易，公司本次钙钛矿/TOPCon叠层电池转换效率世界纪录得益于公司在 TOPCon电池、钙钛矿和叠层技术上的深厚积累和系统性创新，证明了TOPCon与钙钛矿叠层技术的可 行性与巨大潜力。近年来，行业钙钛矿叠层电池稳定性虽已有明显改善，但仍未完全满足商业化量产要 求。预计仍需三年左右时间，钙 ...

来源：新浪证券-红岸工作室 12月11日，晶科能源跌0.74%，成交额2.61亿元，换手率0.48%，总市值538.28亿元。 异动分析 BC电池+TOPCON电池+钙钛矿电池+光伏概念 1、2023年6月2日公司互动：公司已量产高效电池聚焦N型TOPCon技术，同步积极开展新技术、新工艺 的研发，储备了IBC电池技术和钙钵矿电池技术等。 2、公司在N型TOPCon领域技术工艺储备丰富、提效降本路径清晰，未来将持续加大投入以保持"N型时 代"领跑者的地位。公司在安徽合肥、浙江海宁投产的16GW大尺寸N型TOPCon电池产能进展顺利，各 项指标符合预期。其中合肥TOPCon电池工厂已经满产，量产测试效率已达24.7%，可用良率与PERC产 线持平。海宁尖山工厂爬坡顺利，于2022年6月底满产。 该股筹码平均交易成本为5.92元，近期筹码减仓，但减仓程度减缓；目前股价靠近支撑位5.34，注意支 撑位处反弹，若跌破支撑位则可能会开启一波下跌行情。 公司简介 4、公司的主营业务是太阳能光伏组件、电池片、硅片的研发、生产和销售以及光伏技术的应用和产业 化，并以此为基础向全球客户提供高效、高质量的太阳能光伏产品，持续输送 ...

来源：新浪证券-红岸工作室 12月4日，晶科能源跌1.84%，成交额2.72亿元，换手率0.51%，总市值534.28亿元。 异动分析 BC电池+TOPCON电池+光伏概念+储能 1、2023年6月2日公司互动：公司已量产高效电池聚焦N型TOPCon技术，同步积极开展新技术、新工艺 的研发，储备了IBC电池技术和钙钵矿电池技术等。 2、公司在N型TOPCon领域技术工艺储备丰富、提效降本路径清晰，未来将持续加大投入以保持"N型时 代"领跑者的地位。公司在安徽合肥、浙江海宁投产的16GW大尺寸N型TOPCon电池产能进展顺利，各 项指标符合预期。其中合肥TOPCon电池工厂已经满产，量产测试效率已达24.7%，可用良率与PERC产 线持平。海宁尖山工厂爬坡顺利，于2022年6月底满产。 3、公司的主营业务是太阳能光伏组件、电池片、硅片的研发、生产和销售以及光伏技术的应用和产业 化，并以此为基础向全球客户提供高效、高质量的太阳能光伏产品，持续输送清洁能源。 今日主力净流入-2848.58万，占比0.1%，行业排名57/70，连续2日被主力资金减仓；所属行业主力净流 入-14.52亿，连续3日被主力资金减仓。 区间 ...

Core Viewpoint - JinkoSolar's stock experienced a decline of 1.93% on December 2, with a trading volume of 364 million yuan and a market capitalization of 56.029 billion yuan [1] Company Overview - JinkoSolar is engaged in the research, production, and sales of solar photovoltaic modules, cells, and wafers, and focuses on the application and industrialization of photovoltaic technology [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] Product and Technology Development - The company has begun mass production of 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 launched three energy storage product solutions: household storage (1kWh-50kWh), commercial storage (50kWh-1MWh), and grid-side storage, achieving diversified smart energy applications [2] Market and Financial Analysis - The stock's average trading cost is 5.97 yuan, with the current price near a resistance level of 5.65 yuan, indicating potential for a price correction if the resistance is not broken [5] - The main capital inflow for the stock today was 5.2475 million yuan, accounting for 0.01% of the total, with no significant trend in main capital movement observed [3][4] - The stock's main capital has seen a net outflow of 2.087 billion yuan over the past two days, indicating a reduction in main capital positions [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]

来源：新浪证券-红岸工作室 11月26日，晶科能源跌0.53%，成交额3.43亿元，换手率0.61%，总市值561.29亿元。 主力持仓 异动分析 BC电池+TOPCON电池+光伏概念+储能 1、2023年6月2日公司互动：公司已量产高效电池聚焦N型TOPCon技术，同步积极开展新技术、新工艺 的研发，储备了IBC电池技术和钙钵矿电池技术等。 2、公司在N型TOPCon领域技术工艺储备丰富、提效降本路径清晰，未来将持续加大投入以保持"N型时 代"领跑者的地位。公司在安徽合肥、浙江海宁投产的16GW大尺寸N型TOPCon电池产能进展顺利，各 项指标符合预期。其中合肥TOPCon电池工厂已经满产，量产测试效率已达24.7%，可用良率与PERC产 线持平。海宁尖山工厂爬坡顺利，于2022年6月底满产。 3、公司的主营业务是太阳能光伏组件、电池片、硅片的研发、生产和销售以及光伏技术的应用和产业 化，并以此为基础向全球客户提供高效、高质量的太阳能光伏产品，持续输送清洁能源。 4、2023年5月16日互动易回复：公司推出了户用储能（1kWh-50kWh）、工商业储能（50kWh-1MWh） 以及源网侧储能三种储能产品解决 ...

Group 1 - The internet insurance sector experienced a decline of 1.43%, ranking among the top losers in concept sectors, with notable declines from Tianli Technology, Xinhua Insurance, and Jiayun Technology [1] - The main funds in the internet insurance sector saw a net outflow of 1.301 billion yuan, with 10 stocks experiencing net outflows, and 7 stocks seeing outflows exceeding 10 million yuan [2] - The stock with the highest net outflow was Dongfang Caifu, which had a net outflow of 1.230 billion yuan, followed by Weining Health, Jinzhen Shares, and China Ping An [2] Group 2 - Among the stocks in the internet insurance sector, the top gainers included Aishida, Tongfang Shares, and Qitian Technology, with increases of 1.04%, 0.80%, and 0.27% respectively [1][3] - The stocks with the highest net outflows included Dongfang Caifu (-1.85%), Weining Health (-1.81%), and Jinzhen Shares (-1.97%) [2][3] - The net inflow leaders in the sector were Tongfang Shares, Xinhua Insurance, and Xinzhisoft, with net inflows of 69.77 million yuan, 10.51 million yuan, and 5.81 million yuan respectively [2][3]

Core Viewpoint - JinkoSolar is focusing on N-type TOPCon technology for high-efficiency battery production, with significant advancements in production capacity and technology development [2]. Company Overview - JinkoSolar, established on December 13, 2006, is headquartered in Shanghai and specializes in the research, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers [6]. - The company operates in the photovoltaic equipment sector, specifically in solar cells and modules, and aims to provide high-quality solar products globally [6]. Production and Technology - The company has successfully mass-produced high-efficiency N-type TOPCon batteries, with a production capacity of 16GW in Hefei and Haining, achieving a mass production efficiency of 24.7% [2]. - JinkoSolar is also developing IBC and perovskite battery technologies, indicating a strong commitment to innovation in the solar energy sector [2]. Financial Performance - For the first half of 2025, JinkoSolar reported a revenue of 31.83 billion yuan, a year-on-year decrease of 32.63%, and a net profit loss of 2.91 billion yuan, down 342.38% compared to the previous year [6]. - The company has distributed a total of 3.355 billion yuan in dividends since its A-share listing, with 3.125 billion yuan in the last three years [7]. Market Activity - On October 23, JinkoSolar's stock price remained unchanged at 0.00%, with a trading volume of 384 million yuan and a market capitalization of 53.528 billion yuan [1]. - The stock has seen a net outflow of 16.241 million yuan from major investors, indicating a lack of strong buying interest [3][4]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the second-largest shareholder, holding 438 million shares, an increase of 57.21 million shares from the previous period [8].

Core Viewpoint - JinkoSolar's stock experienced a slight decline of 0.91% on October 20, with a trading volume of 436 million yuan and a market capitalization of 54.528 billion yuan [1] Company Overview - JinkoSolar, established on December 13, 2006, is headquartered in Shanghai and specializes in the research, production, and sales of solar photovoltaic components, battery cells, and silicon wafers, providing high-quality solar products globally [6] - The company operates in the photovoltaic equipment sector, focusing on solar cells and modules, with 100% of its revenue derived from product sales [6] Technology and Production - As of June 2, 2023, JinkoSolar has begun mass production of high-efficiency N-type TOPCon technology batteries and is actively developing new technologies and processes, including IBC and perovskite battery technologies [2] - The company has a strong technological reserve in the N-type TOPCon field, with clear pathways for efficiency improvement and cost reduction, and plans to increase investment to maintain its leadership in the "N-type era" [2] - JinkoSolar's production capacity for N-type TOPCon batteries in Hefei and Haining is progressing well, with the Hefei factory achieving full production and a mass production efficiency of 24.7%, comparable to PERC production lines [2] Financial Performance - For the first half of 2025, JinkoSolar reported a revenue of 31.831 billion yuan, a year-on-year decrease of 32.63%, and a net profit attributable to shareholders of -2.909 billion yuan, a significant decline of 342.38% [6] - 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 [7] Market Activity - On October 20, JinkoSolar saw a net outflow of 23.3294 million yuan from major investors, marking a continuous three-day reduction in major fund holdings [3][4] - The average trading cost of JinkoSolar's shares is 5.92 yuan, with the stock price nearing a support level of 5.40 yuan, indicating potential for a rebound if this support holds [5]

Core Viewpoint - JinkoSolar has shown a positive market performance with a 4.49% increase in stock price, reaching a market capitalization of 58.23 billion yuan [1] Company Overview - JinkoSolar, established on December 13, 2006, specializes in the research, production, and sales of solar photovoltaic components, battery cells, and silicon wafers, providing high-quality solar energy products globally [6] - The company operates in the photovoltaic equipment sector, focusing on BC batteries, BIPV concepts, photovoltaic recycling, and HJT batteries [6] Recent Developments - As of June 2, 2023, JinkoSolar has begun mass production of high-efficiency N-type TOPCon technology batteries and is actively developing new technologies and processes [2] - The company has successfully ramped up production at its 16GW N-type TOPCon battery facilities in Hefei and Haining, achieving a mass production efficiency of 24.7% at the Hefei plant [2] - JinkoSolar has launched three energy storage product solutions, catering to residential, commercial, and grid-side applications, enhancing its diversified smart energy offerings [2] Financial Performance - For the first half of 2025, JinkoSolar reported a revenue of 31.83 billion yuan, a year-on-year decrease of 32.63%, and a net profit loss of 2.91 billion yuan, down 342.38% compared to the previous year [6] - 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 [7] Shareholder Structure - As of June 30, 2025, JinkoSolar's major shareholders include Hong Kong Central Clearing Limited, holding 438 million shares, and various ETFs, indicating a diverse institutional ownership [8]