浙江芯能光伏科技股份有限公司 2024 年度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 证券代码：603105 | 证券简称：芯能科技 | 公告编号：临 2025-020 | | --- | --- | --- | | 转债代码：113679 | 转债简称：芯能转债 | | 注：上述部分数据可能存在尾差，系计算时四舍五入所致。 平均结算电价=（自发自用结算电费+余电上网结算电费+国补、省补）/发电量。 三、经营数据相关说明 1、公司目前自持分布式光伏电站绝大部分为"自发自用，余电上网"的分布式光 伏电站。根据"自发自用，余电上网"的原则，公司与屋顶资源业主签订能源管理合同， 以业主需求为导向，在电站建成运营后，所发电量优先供应屋顶资源业主使用, 给予屋 顶资源业主一定的电价折扣或者支付屋顶资源业主一定的租赁费用。若电站所发电量供 屋顶资源业主使用后尚有余电，则余电全额上网。 2、上述经营数据未经审计，仅供投资者了解公司现时经营状况作参考。敬请广大 投资者谨慎决策，注意投资风险。 特此公告。 浙江芯能光 ...

Core Viewpoint - JinkoSolar reported a challenging financial performance for 2024, with significant declines in revenue and profitability due to decreased module prices and operational challenges, despite maintaining a leading position in the solar industry and achieving record module shipments [4][34]. Group 1: Financial Performance - Total revenues for Q4 2024 were RMB20.65 billion (US$2.83 billion), down 15.7% sequentially and 37.1% year-over-year [10]. - Gross profit for Q4 2024 was RMB747.4 million (US$102.4 million), a decrease of 80.6% sequentially and 81.7% year-over-year [11]. - The net loss attributable to JinkoSolar's ordinary shareholders in Q4 2024 was RMB473.7 million (US$64.9 million), compared to net income of RMB22.5 million in Q3 2024 [29][31]. Group 2: Operational Highlights - Annual module shipments increased by 18.3% year-over-year to 92.9 GW, ranking first in the industry [4][49]. - Total shipments for the full year 2024 were 99,596 MW, including 92,873 MW for solar modules and 6,723 MW for cells and wafers [49]. - The average mass-produced N-type cell efficiency reached nearly 26.5% by the end of Q4 2024, with expectations to reach approximately 27% by the end of 2025 [6]. Group 3: Industry Context - The global PV industry saw a record high of 277 GW in newly added installations in China for 2024, marking a 28% year-over-year increase [5]. - The imbalance between supply and demand in the industry led to a downward trend in module prices, impacting profitability across the sector [5]. - National authorities in China have implemented measures to address supply-demand imbalances, including raising entry barriers for new manufacturing capacities and reducing export tax rebates [5]. Group 4: Future Outlook - For Q1 2025, JinkoSolar expects module shipments to be between 16.0 GW and 18.0 GW, and for the full year 2025, shipments are estimated to be between 85.0 GW and 100.0 GW [9][51]. - The company plans to maintain a cautious approach to capacity expansion in 2025, focusing on upgrades to TOPCon technology [10].