Group 1: Stock Performance - Jinko Technology's stock price increased by 2.05% on September 24, reaching 12.43 CNY per share, with a trading volume of 393 million CNY and a turnover rate of 0.97%, resulting in a total market capitalization of 41.139 billion CNY [1] - Year-to-date, Jinko Technology's stock has decreased by 9.60%, with a 9.40% drop over the last five trading days, a 2.64% increase over the last 20 days, and a 17.82% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on July 10, where it recorded a net purchase of 1.82 billion CNY [1] Group 2: Financial Performance - For the first half of 2025, Jinko Technology reported operating revenue of 23.905 billion CNY, a year-on-year decrease of 36.01%, and a net profit attributable to shareholders of -2.580 billion CNY, a year-on-year decrease of 195.13% [2] - Since its A-share listing, Jinko Technology has distributed a total of 3.055 billion CNY in dividends, with 2.415 billion CNY distributed over the past three years [3] Group 3: Shareholder Information - As of June 30, 2025, Jinko Technology had 178,600 shareholders, an increase of 3.53% from the previous period, with an average of 18,512 circulating shares per shareholder, a decrease of 3.41% [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 221 million shares, a decrease of 15.2399 million shares from the previous period [3] - New entrants among the top ten circulating shareholders include HSBC Jintrust Low Carbon Pioneer Stock A and HSBC Jintrust Dynamic Strategy Mixed A, while several funds exited the list [3]

Core Viewpoint - Trina Solar's stock has experienced fluctuations, with a year-to-date decline of 15.85% and a recent 5-day drop of 6.77%, indicating potential volatility in the market [1][2]. Company Overview - Trina Solar, established on December 26, 1997, and listed on June 10, 2020, is located in Changzhou, Jiangsu Province. The company operates in three main business segments: photovoltaic products, photovoltaic systems, and smart energy [1]. - The revenue composition of Trina Solar includes photovoltaic products (64.66%), system solutions (21.23%), other services (5.54%), digital energy services (4.42%), and energy storage (4.14%) [1]. Financial Performance - For the first half of 2025, Trina Solar reported a revenue of 31.056 billion yuan, a year-on-year decrease of 27.72%, and a net profit attributable to shareholders of -2.918 billion yuan, reflecting a significant decline of 654.47% [2]. - Since its A-share listing, Trina Solar has distributed a total of 3.487 billion yuan in dividends, with 2.410 billion yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Trina Solar had 45,600 shareholders, an increase of 2.82% from the previous period, with an average of 47,781 circulating shares per shareholder, a decrease of 2.74% [2]. - Major shareholders include Hong Kong Central Clearing Limited, holding 151 million shares (a decrease of 13.0048 million shares), and various ETFs such as Huaxia and E Fund, which have increased their holdings [3].

Group 1 - The core business of Foster includes the research, production, and sales of solar cell encapsulants, copolyamide mesh hot melt adhesives, and solar cell backsheets, with the main revenue sources being photovoltaic encapsulants (90.65%), photosensitive dry films (4.08%), and photovoltaic backsheets (2.20%) [2] - As of June 30, 2025, Foster reported a revenue of 7.959 billion yuan, a year-on-year decrease of 26.06%, and a net profit attributable to shareholders of 496 million yuan, down 46.60% year-on-year [2] - Since its A-share listing, Foster has distributed a total of 3.669 billion yuan in dividends, with 1.361 billion yuan distributed over the past three years [3] Group 2 - As of June 30, 2025, the number of shareholders in Foster was 71,700, a decrease of 0.28% from the previous period, with an average of 36,370 circulating shares per person, an increase of 0.28% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 95.8434 million shares, an increase of 21.0567 million shares from the previous period [3] - The stock price of Foster has increased by 4.54% year-to-date, but has decreased by 6.81% over the last five trading days [1]

Company Overview - JinkoSolar is a leading company in the solar energy sector, specializing in the research, production, and sales of solar photovoltaic modules, cells, and wafers, as well as the application and industrialization of photovoltaic technology [1] - The company was established on December 13, 2006, and went public on January 26, 2022 [1] Financial Performance - As of June 30, 2025, JinkoSolar reported a revenue of 31.83 billion yuan, a year-on-year decrease of 32.63% [2] - The net profit attributable to shareholders was -2.909 billion yuan, reflecting a significant year-on-year decline of 342.38% [2] - 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 [3] Stock Performance - As of September 23, JinkoSolar's stock price was 5.07 yuan per share, with a market capitalization of 50.726 billion yuan [1] - The stock has experienced a decline of 28.69% year-to-date, with a 7.14% drop over the last five trading days and an 11.67% drop over the last 20 days [1] - The stock's trading volume on September 23 was 149 million yuan, with a turnover rate of 0.29% [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 74,200, with an average of 134,811 circulating shares per person, a decrease of 0.88% [2] - 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 [3] - The fourth-largest shareholder is Huaxia SSE STAR 50 ETF, holding 220 million shares, a decrease of 5.7367 million shares from the previous period [3]

Company Overview - JA Solar Technology Co., Ltd. is located in Beijing and was established on October 20, 2000, with its listing date on August 10, 2010 [2] - The company's main business includes 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 [2] - The revenue composition of the company is as follows: photovoltaic modules 91.10%, others 5.85%, and photovoltaic power plant operation 3.05% [2] - JA Solar is classified under the power equipment industry, specifically in photovoltaic equipment and solar cell modules [2] Financial Performance - For the first half of 2025, JA Solar reported a revenue of 23.905 billion yuan, a year-on-year decrease of 36.01% [2] - The net profit attributable to shareholders was -2.580 billion yuan, representing a year-on-year decrease of 195.13% [2] - The company has distributed a total of 3.055 billion yuan in dividends since its A-share listing, with 2.415 billion yuan distributed in the last three years [3] Stock Performance - On September 19, the stock price of JA Solar fell by 2.01%, closing at 12.70 yuan per share, with a trading volume of 456 million yuan and a turnover rate of 1.08% [1] - Year-to-date, the stock price has decreased by 7.64%, with a 4.44% decline over the last five trading days, a 3.50% increase over the last 20 days, and a 30.52% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on July 10, where it recorded a net purchase of 1.82 billion yuan [1] Shareholder Structure - As of June 30, 2025, the number of shareholders was 178,600, an increase of 3.53% from the previous period [2] - The average circulating shares per person decreased by 3.41% to 18,512 shares [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 221 million shares, and several ETFs such as Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF, with varying changes in their holdings [3]

Company Overview - JinkoSolar is located in Shanghai and was established on December 13, 2006, with its IPO 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 [1][2]. Financial Performance - As of June 30, 2025, JinkoSolar reported a revenue of 31.83 billion yuan, a year-on-year decrease of 32.63%. The net profit attributable to shareholders was -2.91 billion yuan, reflecting a significant decline of 342.38% compared to the previous period [2]. - 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 [3]. Stock Performance - On September 18, JinkoSolar's stock price fell by 2.00%, trading at 5.38 yuan per share, with a total market capitalization of 53.828 billion yuan. The stock has decreased by 24.33% year-to-date and by 7.56% over the past five trading days [1]. - The stock's trading volume was 585 million yuan, with a turnover rate of 1.07%. The net outflow of main funds was 95.276 million yuan, with large orders accounting for 25.96% of purchases and 42.25% of sales [1]. Shareholder Structure - As of June 30, 2025, JinkoSolar had 74,200 shareholders, an increase of 0.89% from the previous period. The average number of circulating shares per person was 134,811, a decrease of 0.88% [2][3]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 438 million shares, an increase of 57.206 million shares from the previous period. Other significant shareholders include Huaxia SSE STAR 50 ETF and E Fund SSE STAR 50 ETF [3]. Industry Classification - JinkoSolar is classified under the power equipment sector, specifically in photovoltaic equipment and photovoltaic cell modules. The company is associated with various concepts, including BIPV, BC cells, photovoltaic recycling, HJT cells, and TOPCon cells [1].

Core Viewpoint - Baoxin Technology's stock price has shown volatility, with a year-to-date decline of 10.24% and a recent increase of 11.13% over the past 20 days, indicating potential market interest and fluctuations in investor sentiment [1][2]. Company Overview - Baoxin Technology, established on October 8, 2001, and listed on December 3, 2010, is located in Nanjing, Jiangsu Province. The company specializes in the research, design, production, and sales of industrial-grade CNC sheet metal structure products [1]. - The company's revenue composition includes: 90.62% from equipment parts, 3.62% from project service income, 2.21% from sales of charging and swapping piles and related products, and minor contributions from other services [1]. Financial Performance - For the first half of 2025, Baoxin Technology reported an operating income of 101 million yuan, a year-on-year decrease of 42.51%. The net profit attributable to shareholders was -44.83 million yuan, reflecting a year-on-year increase of 57.71% in losses [2]. - The company has cumulatively distributed 72.08 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Shareholder Information - As of September 10, 2025, Baoxin Technology had 79,200 shareholders, an increase of 11.20% from the previous period. The average number of circulating shares per shareholder decreased by 10.07% to 6,997 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 1.9761 million shares as a new shareholder [3]. Market Activity - On September 17, Baoxin Technology's stock price rose by 2.13%, reaching 7.19 yuan per share, with a trading volume of 177 million yuan and a turnover rate of 4.56%. The total market capitalization stood at 5.177 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent appearance on September 5 [1]. Industry Context - Baoxin Technology operates within the mechanical equipment sector, specifically in general equipment and metal products. The company is associated with concepts such as TOPCon batteries, battery swapping, energy storage, HJT batteries, and PM2.5 [2].

Core Viewpoint - JinkoSolar's stock has experienced a decline of 21.66% year-to-date, with a recent trading price of 5.57 CNY per share, reflecting market volatility and investor sentiment [1][2]. Company Overview - JinkoSolar, established on December 13, 2006, and listed on January 26, 2022, is headquartered in Shanghai and specializes in the research, production, and sales of solar photovoltaic components, battery cells, and silicon wafers [1]. - The company operates in the photovoltaic equipment sector, focusing on high-quality solar products and technology applications [1]. Financial Performance - For the first half of 2025, JinkoSolar reported a revenue of 31.83 billion CNY, a year-on-year decrease of 32.63%, and a net profit attributable to shareholders of -2.91 billion CNY, marking a significant decline of 342.38% [2]. - Cumulative cash dividends since the A-share listing amount to 3.355 billion CNY, with 3.125 billion CNY distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, JinkoSolar had 74,200 shareholders, an increase of 0.89% from the previous period, with an average of 134,811 circulating shares per shareholder, a decrease of 0.88% [2]. - The top circulating shareholder is Hong Kong Central Clearing Limited, holding 438 million shares, an increase of 57.21 million shares from the previous period [3].

Core Viewpoint - Zhonglai Co., Ltd. has shown a slight increase in stock price and a mixed performance in recent trading days, indicating potential investor interest and market activity [1][2]. Company Overview - Zhonglai Co., Ltd. is located in Changshu, Jiangsu Province, established on March 7, 2008, and listed on September 12, 2014. The company specializes in the research, production, and sales of solar cell backsheets [2]. - The main business revenue composition includes: photovoltaic application systems (55.36%), components (24.10%), photovoltaic auxiliary materials (12.81%), others (5.46%), and batteries (2.27%) [2]. - The company belongs to the Shenwan industry classification of electric power equipment - photovoltaic equipment - photovoltaic cell components, and is associated with concepts such as BIPV, clean energy, BC batteries, perovskite batteries, and TOPCon batteries [2]. Financial Performance - For the first half of 2025, Zhonglai Co., Ltd. achieved operating revenue of 3.304 billion yuan, a year-on-year increase of 7.25%. The net profit attributable to the parent company was -169 million yuan, a year-on-year increase of 44.83% [2]. - Since its A-share listing, the company has distributed a total of 650 million yuan in dividends, with 194 million yuan distributed in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders of Zhonglai Co., Ltd. was 53,100, a decrease of 1.04% from the previous period. The average circulating shares per person increased by 1.06% to 17,992 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest with 9.9871 million shares, a new addition, while Southern CSI 1000 ETF (512100) is the eighth largest with 8.0632 million shares, an increase of 1.5373 million shares from the previous period [3].

Company Overview - Foster is located in Lin'an District, Hangzhou, Zhejiang Province, established on May 12, 2003, and listed on September 5, 2014 [2] - The company specializes in the research, production, and sales of solar cell encapsulation films, polyamide mesh hot melt adhesive films, and solar cell backsheets [2] - The main business revenue composition includes: photovoltaic encapsulation films (90.65%), photosensitive dry films (4.08%), photovoltaic backsheets (2.20%), and others [2] Financial Performance - For the first half of 2025, Foster achieved operating revenue of 7.959 billion yuan, a year-on-year decrease of 26.06% [2] - The net profit attributable to shareholders was 496 million yuan, down 46.60% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 3.669 billion yuan, with 1.361 billion yuan distributed in the last three years [3] Stock Market Activity - As of September 16, Foster's stock price was 16.21 yuan per share, with a market capitalization of 42.288 billion yuan [1] - Year-to-date, the stock price has increased by 11.49%, with a 27.54% rise over the past 60 days [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 1.4 billion yuan on July 29 [1] Shareholder Structure - As of June 30, 2025, the number of shareholders was 71,700, a decrease of 0.28% from the previous period [2] - The top circulating shareholder is Hong Kong Central Clearing Limited, holding 95.8434 million shares, an increase of 21.0567 million shares [3] - New entrants among the top shareholders include E Fund CSI 300 ETF, holding 13.256 million shares [3]