Core Viewpoint - JinkoSolar Technology Co., Ltd. (referred to as JinkoSolar) has submitted an application for a dual listing on the Hong Kong Stock Exchange, aiming for an "A+H" listing with CITIC Securities and CICC as joint sponsors [1]. Group 1: Business Overview - JinkoSolar's main business includes the research, production, and sales of solar photovoltaic silicon wafers, cells, modules, and energy storage systems, as well as the development, construction, and operation of solar power plants [4]. - The company ranked third globally in photovoltaic module shipments in 2024, with a market share of 12.3%, maintaining a position in the top four for ten consecutive years since 2015 [4]. - As of December 31, 2024, JinkoSolar's products are sold in 178 countries and regions, with over half of its sales coming from international markets [4]. Group 2: Production Capacity and Technology - JinkoSolar operates 15 production bases in China and one in Vietnam, with plans to establish a new production base in Oman [4]. - The company's photovoltaic module production capacity exceeds 100 GW, with over 90% being high-performance N-type modules as of December 31, 2024 [4]. - The mass production conversion efficiency of JinkoSolar's photovoltaic modules reaches 23.5%, placing it at the forefront of the industry [6]. Group 3: Financial Performance - For the fiscal years 2022, 2023, and 2024, JinkoSolar reported revenues of approximately RMB 72.99 billion, RMB 81.56 billion, and RMB 70.12 billion, respectively [6][7]. - The net profits for the same periods were approximately RMB 5.54 billion, RMB 7.19 billion, and a loss of RMB 5.09 billion [6][7]. - The operating profit/loss figures for the respective years were RMB 6.55 billion, RMB 8.07 billion, and a loss of RMB 4.11 billion [7].