Core Viewpoint - JinkoSolar's stock experienced a decline of 3.20% on September 10, with a trading volume of 660 million yuan and a total market capitalization of 57.53 billion yuan [1] Group 1: Company Overview - JinkoSolar is engaged in the research, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers, providing high-quality solar products globally [6] - The company was established on December 13, 2006, and went public on January 26, 2022 [6] - As of June 30, 2023, JinkoSolar reported a revenue of 31.83 billion yuan, a year-on-year decrease of 32.63%, and a net profit of -2.91 billion yuan, a year-on-year decrease of 342.38% [6] Group 2: Technology and Production - JinkoSolar has successfully mass-produced high-efficiency N-type TOPCon technology batteries and is actively developing new technologies and processes [2] - The company has a strong technical reserve in the N-type TOPCon field, with a clear path for cost reduction and efficiency improvement [2] - The production capacity of 16GW large-size N-type TOPCon batteries in Hefei and Haining is progressing smoothly, with the Hefei factory achieving a mass production efficiency of 24.7% [2] Group 3: Financial and Market Analysis - The main business revenue of JinkoSolar is derived from product sales, accounting for 100% of its income [6] - The average trading cost of the stock is 6.12 yuan, with the current stock price near a support level of 5.74 yuan [5] - The stock has seen a net outflow of 38.24 million yuan from major funds today, with a continuous reduction in major fund positions over the past three days [3][4] 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 in the last three years [7] - As of June 30, 2023, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 438 million shares, an increase of 57.21 million shares from the previous period [8]

Core Viewpoint - JinkoSolar is focusing on N-type TOPCon technology for high-efficiency solar cells, with significant production capacity and technological advancements in the solar energy sector [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, cells, and wafers [6]. - The company's revenue composition includes 96.33% from photovoltaic modules, 2.62% from other sources, 0.89% from solar cells, and 0.16% from wafers [6]. - As of June 30, 2023, JinkoSolar had 74,200 shareholders, with an average of 134,811 circulating shares per person [6]. Production and Technology - The company has successfully mass-produced high-efficiency N-type TOPCon cells, with a production capacity of 16GW in Hefei and Haining, achieving a testing efficiency of 24.7% [2]. - JinkoSolar is actively developing new technologies, including IBC and calcium-titanate battery technologies, to maintain its leadership in the N-type era [2]. Financial Performance - For the first half of 2023, 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 decrease 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 in the last three years [7]. Market Activity - On August 28, 2023, JinkoSolar's stock rose by 1.26%, with a trading volume of 725 million yuan and a market capitalization of 56.129 billion yuan [1]. - The stock has seen a net outflow of 45.8756 million yuan from major investors, indicating a lack of strong buying interest [3][4].

Core Viewpoint - JinkoSolar reported a significant decline in revenue and profit for the first half of 2025, indicating financial challenges in the solar energy sector [1][2]. Financial Performance - The company's revenue for the first half of 2025 was 31.831 billion yuan, a year-on-year decrease of 32.63% [1]. - The net profit attributable to shareholders was -2.909 billion yuan, a year-on-year decline of 342.38% [1]. - The non-recurring net profit attributable to shareholders was -3.175 billion yuan, down 1560.33% year-on-year [1]. - Basic earnings per share were -0.29 yuan [2]. Profitability Metrics - The gross margin for the first half of 2025 was -2.01%, a decrease of 10.57 percentage points year-on-year [2]. - The net margin was -9.32%, down 11.86 percentage points compared to the same period last year [2]. - In Q2 2025, the gross margin was -1.02%, a year-on-year decline of 8.62 percentage points, but an increase of 2.27 percentage points from the previous quarter [2]. - The net margin for Q2 2025 was -8.40%, down 8.50 percentage points year-on-year, but up 2.10 percentage points from the previous quarter [2]. Expense Analysis - Total operating expenses for the first half of 2025 were 2.768 billion yuan, a decrease of 1.47 billion yuan year-on-year [2]. - The expense ratio was 8.69%, an increase of 2.53 percentage points compared to the same period last year [2]. - Sales expenses increased by 12.40% year-on-year, while management expenses decreased by 23.59%, R&D expenses decreased by 7.34%, and financial expenses increased by 90.42% [2]. Company Overview - JinkoSolar, established on December 13, 2006, is located in Shanghai and was listed on January 26, 2022 [3]. - The company specializes in the research, production, and sales of solar photovoltaic modules, cells, and wafers, providing high-quality solar products globally [3]. - The revenue composition includes photovoltaic modules (96.33%), other (2.62%), photovoltaic cells (0.89%), and wafers (0.16%) [3]. - JinkoSolar is classified under the power equipment industry, specifically in photovoltaic equipment and components [3].

Company Overview - Greeenme is located in Baoan District, Shenzhen, Guangdong Province, and was established on December 28, 2001, with its listing date on January 22, 2010 [1] - The company specializes in the recycling of waste cobalt and nickel resources, electronic waste, and the production and sales of cobalt and nickel powder materials and plastic-wood composite materials [1] Business Segments - The main revenue composition includes: - 48.42% from ternary precursors - 17.61% from nickel resources (MHP, nickel plates) - 6.19% from cobalt recovery (cobalt powder, cobalt sheets) - 6.12% from cobalt oxide - 5.44% from cathode materials - 4.99% from tungsten resource recovery - 4.34% from trade and others - 3.45% from comprehensive utilization of power batteries - 1.91% from comprehensive utilization of scrapped automobiles - 1.52% from comprehensive utilization of electronic waste [1] Financial Performance - For the period from January to March 2025, Greenme achieved a revenue of 9.496 billion yuan, representing a year-on-year growth of 13.67% - The net profit attributable to shareholders was 511 million yuan, with a year-on-year increase of 12.10% [2] Shareholder Information - As of August 10, 2025, the number of shareholders was 401,900, with an average of 12,651 circulating shares per person [2] - The company has distributed a total of 1.825 billion yuan in dividends since its A-share listing, with 1.002 billion yuan distributed in the last three years [3] Institutional Holdings - As of March 31, 2025, the top ten circulating shareholders included: - Hong Kong Central Clearing Limited as the second-largest shareholder with 105 million shares, a decrease of 11.646 million shares from the previous period - Southern CSI 500 ETF as the third-largest shareholder with 65.75 million shares, a decrease of 6.317 million shares - Huatai-PineBridge CSI New Energy Vehicle Industry Index A as the fifth-largest shareholder with 33.83 million shares, a decrease of 3.745 million shares - Other notable shareholders include the Fortune CSI New Energy Vehicle Index A and the Huaxia CSI New Energy Vehicle ETF, with respective holdings of 25.86 million shares and 18.34 million shares [3]

Core Viewpoint - JinkoSolar is focusing on high-efficiency N-type TOPCon technology and has successfully ramped up production capacity for large-size N-type TOPCon batteries, positioning itself as a leader in the "N-type era" of solar energy technology [2][6]. 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's revenue composition includes 96.33% from photovoltaic modules, 0.89% from battery cells, and 0.16% from silicon wafers [6]. Production and Technology - The company has successfully mass-produced high-efficiency N-type TOPCon batteries, with a production efficiency of 24.7% and a yield rate comparable to PERC production lines [2]. - JinkoSolar is also developing IBC and perovskite battery technologies, indicating a strong commitment to innovation in solar technology [2]. Financial Performance - For the period from January to March 2025, JinkoSolar reported a revenue of 13.843 billion yuan, a year-on-year decrease of 40.03%, and a net profit loss of 1.39 billion yuan, a decrease of 218.20% [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 August 20, 2023, JinkoSolar's stock price increased by 0.72%, with a trading volume of 509 million yuan and a market capitalization of 56.129 billion yuan [1]. - The stock has seen a net inflow of 10.54 million yuan from major investors, indicating a mixed trend in investor sentiment [3][4].

Core Viewpoint - JinkoSolar is focusing on N-type TOPCon technology and has made significant advancements in production capacity and efficiency, positioning itself as a leader in the solar energy sector. Group 1: Company Overview - JinkoSolar was established on December 13, 2006, and went public on January 26, 2022. The company specializes in the research, production, and sales of solar photovoltaic modules, cells, and wafers, providing high-quality solar products globally [6]. - The company's revenue composition includes 96.33% from photovoltaic modules, 2.62% from other sources, 0.89% from solar cells, and 0.16% from wafers [6]. - As of March 31, 2025, JinkoSolar had 73,600 shareholders, with an average of 136,012 circulating shares per person, reflecting an increase in shareholder engagement [6]. Group 2: Production and Technology - JinkoSolar has successfully mass-produced high-efficiency N-type TOPCon batteries and is actively developing new technologies and processes, including IBC and perovskite solar cell technologies [2]. - The company has established a production capacity of 16GW for large-size N-type TOPCon batteries in Hefei and Haining, with the Hefei factory achieving a mass production efficiency of 24.7% [2]. - The company has diversified its energy solutions by launching residential (1kWh-50kWh), commercial (50kWh-1MWh), and grid-side energy storage products, promoting integrated solar and storage applications [2]. Group 3: Financial Performance - For the first quarter of 2025, JinkoSolar reported a revenue of 13.843 billion yuan, a year-on-year decrease of 40.03%, and a net profit attributable to shareholders of -1.39 billion yuan, a decline of 218.20% [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]. Group 4: Market Activity - On August 14, JinkoSolar's stock price fell by 2.61%, with a trading volume of 458 million yuan and a market capitalization of 52.227 billion yuan [1]. - The stock has shown no clear trend in major capital inflows, with a net outflow of 59.0714 million yuan on the day, ranking 59th out of 70 in its industry [3][4].

Core Viewpoint - JinkoSolar is focusing on N-type TOPCon technology for high-efficiency battery production and aims to maintain its leadership in the "N-type era" through continuous investment in R&D and production capacity expansion [2] Company Overview - JinkoSolar, established in December 2006 and listed in January 2022, specializes in the R&D, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers, providing high-quality solar products globally [6] - The company's revenue composition includes 96.33% from photovoltaic modules, 2.62% from other sources, 0.89% from battery cells, and 0.16% from silicon wafers [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 testing efficiency of 24.7% [2] - JinkoSolar is also developing IBC and perovskite battery technologies, indicating a strong technological reserve in the N-type TOPCon field [2] Financial Performance - For the period from January to March 2025, JinkoSolar reported a revenue of 13.843 billion yuan, a year-on-year decrease of 40.03%, and a net profit attributable to shareholders of -1.39 billion yuan, a decrease of 218.20% [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 August 12, JinkoSolar's stock fell by 2.01%, with a trading volume of 340 million yuan and a market capitalization of 53.528 billion yuan [1] - The stock has seen a net outflow of 8.12 million yuan from main funds, indicating a lack of strong buying interest [3][4]

Core Viewpoint - JinkoSolar is focusing on high-efficiency N-type TOPCon technology and has successfully ramped up production capacity for large-size N-type TOPCon batteries, positioning itself as a leader in the "N-type era" [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's revenue composition includes 96.33% from photovoltaic modules, 2.62% from other sources, 0.89% from battery cells, and 0.16% from silicon wafers [6] - As of March 31, 2025, JinkoSolar reported a revenue of 13.843 billion yuan, a year-on-year decrease of 40.03%, and a net profit of -1.39 billion yuan, a year-on-year decrease of 218.20% [6] Production and Technology - The company has successfully mass-produced high-efficiency N-type TOPCon batteries, with a production efficiency of 24.7% and a yield rate comparable to PERC production lines [2] - JinkoSolar is actively developing new technologies and processes, including IBC and calcium-titanate battery technologies, to enhance its competitive edge [2] Market Activity - On August 1, JinkoSolar's stock rose by 1.72%, with a trading volume of 361 million yuan and a market capitalization of 53.228 billion yuan [1] - The stock has seen a net outflow of 12.15 million yuan from major investors, indicating a lack of strong control by major shareholders [3][4] Institutional Holdings - As of March 31, 2025, Hong Kong Central Clearing Limited is the second-largest shareholder with 381 million shares, an increase of 42.997 million shares from the previous period [8] - Other notable institutional investors include Huaxia SSE Sci-Tech Innovation Board 50 ETF and E Fund SSE Sci-Tech Innovation Board 50 ETF, with varying changes in their holdings [8]

Core Viewpoint - JinkoSolar experienced a decline of 4.56% on July 31, with a trading volume of 5.92 billion yuan and a market capitalization of 52.327 billion yuan [1] Group 1: Company Operations - The company has mass-produced high-efficiency batteries focusing on N-type TOPCon technology and is actively developing new technologies and processes, including IBC and calcium-titanate batteries [2] - JinkoSolar has a rich 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’s main business includes the research, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers, providing high-quality solar products globally [2] Group 2: Financial Performance - For the first quarter of 2025, JinkoSolar reported a revenue of 13.843 billion yuan, a year-on-year decrease of 40.03%, and a net profit attributable to shareholders of -1.39 billion yuan, a year-on-year decrease of 218.20% [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 in the last three years [7] Group 3: Market Activity - The main net inflow of funds today was -96.3051 million yuan, with a continuous reduction in main funds over the past two days [3][4] - The average trading cost of the stock is 6.33 yuan, with the stock price nearing a support level of 5.22 yuan, indicating potential for a rebound if it holds above this level [5] Group 4: Shareholder Structure - As of March 31, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 381 million shares, an increase of 42.9967 million shares from the previous period [8] - Other notable shareholders include Huaxia SSE Sci-Tech Innovation Board 50 ETF and E Fund SSE Sci-Tech Innovation Board 50 ETF, with changes in their holdings compared to the previous period [8]