Core Viewpoint - The company, Jingao Technology, focuses on the research, production, and sales of solar photovoltaic silicon wafers, cells, and modules, as well as the development, construction, and operation of solar power plants, and the research, production, and sales of photovoltaic materials and equipment. Currently, it does not engage in polysilicon business but will monitor various industry sectors based on its development needs [1]. Group 1 - The main business of the company includes solar photovoltaic silicon wafers, cells, and modules [1] - The company is involved in the development, construction, and operation of solar power plants [1] - The company also focuses on the research, production, and sales of photovoltaic materials and equipment [1] Group 2 - The company does not currently engage in polysilicon business [1] - The company will keep an eye on different industry sectors according to its development needs [1]

Core Viewpoint - Jingao Technology (002459.SZ) focuses on the research, production, and sales of solar photovoltaic silicon wafers, cells, and modules, as well as the development, construction, and operation of solar photovoltaic power plants, and the research, production, and sales of photovoltaic materials and equipment. The company currently does not engage in polysilicon business but will monitor various industry sectors based on its development needs [1]. Group 1 - The main business of the company includes solar photovoltaic silicon wafers, cells, and modules [1] - The company is involved in the development, construction, and operation of solar photovoltaic power plants [1] - The company also focuses on the research, production, and sales of photovoltaic materials and equipment [1] Group 2 - The company does not currently engage in polysilicon business [1] - The company will keep an eye on different industry sectors according to its development needs [1]

Core Viewpoint - The recent rumors regarding the photovoltaic industry, particularly the claim that the industry's storage initiative has failed, have been officially denied by JinkoSolar, which stated that such information is misleading and damaging to the company's and industry's reputation [1][3][5]. Group 1: Company Response - JinkoSolar's board secretary has not made any statements in internal or external meetings regarding the rumors circulating online, which the company categorizes as false information [1]. - JinkoSolar reserves the right to pursue legal action against those spreading false information [5]. Group 2: Market Reaction - Following the rumors, shares of photovoltaic and energy storage companies experienced significant declines, with Tongwei Co. hitting the daily limit down, and other companies like Canadian Solar and Aiko Energy dropping over 10% [1]. - JinkoSolar's stock closed at 14.03 yuan per share, reflecting a decrease of 6.84%, with a total market capitalization of 46.43 billion yuan [5]. Group 3: Industry Association's Position - The China Photovoltaic Industry Association has urged the public not to believe or spread rumors, emphasizing their commitment to industry self-regulation and efforts to combat "involution" [3]. - The association confirmed that the rumors circulating are untrue and that they are working steadily with industry enterprises to promote market-oriented and legal measures [3].

Core Viewpoint - JinkoSolar issued a clarification statement denying that its board secretary made any comments regarding the photovoltaic industry's storage plans, labeling the circulating information as false and damaging to the company's reputation [1][5]. Group 1: Company Response - JinkoSolar announced that its board secretary did not make any statements at internal or external meetings, and the rumors are misleading [1]. - The company reserves the right to pursue legal action against those spreading false information [5]. Group 2: Market Impact - Following the rumors, shares of JinkoSolar fell by 6.84%, closing at 14.03 CNY per share, with a total market capitalization of 46.43 billion CNY [5][6]. - Other companies in the photovoltaic and energy storage sectors also experienced significant declines, with Tongwei Co. hitting the daily limit down and others like Canadian Solar and Aiko Energy dropping over 10% [1]. Group 3: Industry Association's Position - The China Photovoltaic Industry Association urged the public not to believe or spread rumors, emphasizing their commitment to industry self-regulation and efforts to combat "involution" [3]. - The association stated that they are working with various enterprises to promote market-oriented and legal approaches to industry challenges [3].

Core Viewpoint - JinkoSolar issued a clarification announcement denying that its board secretary made any statements at internal or external meetings regarding rumors about the photovoltaic industry's storage initiative being "failed" [2][5][10]. Group 1: Company Response - JinkoSolar stated that the rumors circulating are false and have severely misled public perception, damaging the company's and the industry's reputation [2][10]. - The company reserves the right to pursue legal action against those spreading false information [12]. Group 2: Market Reaction - Following the rumors, shares of photovoltaic and energy storage concept stocks experienced a decline, with Tongwei Co. hitting the daily limit down and other companies like Canadian Solar and Aiko Energy dropping over 10% [6]. - JinkoSolar's stock closed at 14.03 yuan per share, reflecting a decline of 6.84%, with a total market capitalization of 46.43 billion yuan [12]. Group 3: Industry Context - The China Photovoltaic Industry Association emphasized the importance of not believing or spreading rumors, stating that efforts to promote industry self-discipline and "anti-involution" are ongoing [10]. - The association confirmed that the information circulating about the industry is untrue and that they are working collaboratively with enterprises to advance relevant initiatives [10].

Group 1 - The core viewpoint of the article is that JinkoSolar has issued a clarification statement denying rumors about its Secretary of the Board making negative comments regarding the photovoltaic industry's storage plans, which were deemed misleading and damaging to the company's reputation [2][5]. - On November 12, rumors circulated that the Secretary of the Board stated during a monthly meeting that the photovoltaic industry's storage initiative had "failed," leading to a significant market reaction with declines in various solar and energy storage stocks [2][5]. - Following the rumors, JinkoSolar's stock price fell by 6.84% to 14.03 CNY per share, resulting in a total market capitalization of 46.43 billion CNY [7]. Group 2 - The China Photovoltaic Industry Association has also responded to the rumors, urging the public not to believe or spread false information, and reaffirming its commitment to promoting industry self-discipline and market-driven initiatives [5]. - JinkoSolar has reserved the right to pursue legal action against those spreading false information, emphasizing its core business in solar photovoltaic products and energy storage systems [7].

Core Insights - Jingao Solar Technology Co., Ltd. (referred to as Jingao Technology) submitted its Hong Kong IPO prospectus on April 28, 2025, which will expire on October 28, 2025, with CITIC Securities and CICC as joint sponsors [1] Company Overview - Jingao Technology'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 photovoltaic power plants, and the research, production, and sales of photovoltaic materials and equipment [2] - According to the prospectus, Jingao Technology ranked third globally in photovoltaic module shipments in 2024, with a market share of 12.3%, and has been among the top four in global module shipments for ten consecutive years since 2015 [2] - As of December 31, 2024, Jingao Technology's products are sold in 178 countries and regions worldwide, with 16 overseas sales companies established, including seven regional operation centers across various global regions, and over half of the company's sales revenue comes from overseas markets [2]

Core Insights - JinkoSolar Technology Co., Ltd. (referred to as JinkoSolar) submitted its Hong Kong IPO application on April 28, 2025, which will expire on October 28, 2025, with CITIC Securities and CICC as joint sponsors [1] Company 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 photovoltaic power plants, and the research, production, and sales of photovoltaic materials and equipment [2] - According to Frost & Sullivan, JinkoSolar ranked third globally in terms of photovoltaic module shipment volume in 2024, with a market share of 12.3%, and has been among the top four in global module shipments for ten consecutive years since 2015 [2] - As of December 31, 2024, JinkoSolar's products are sold in 178 countries and regions worldwide, with 16 overseas sales companies established, including seven regional operation centers across various global regions, and over half of the company's sales revenue comes from overseas markets [2]

Core Insights - JinkoSolar Technology Co., Ltd. (referred to as JinkoSolar) submitted its Hong Kong IPO application on April 28, 2025, which will expire on October 28, 2025, with CITIC Securities and CICC as joint sponsors [1] Company 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 photovoltaic power plants, and the research, production, and sales of photovoltaic materials and equipment [2] - According to the prospectus, JinkoSolar ranked third globally in photovoltaic module shipments in 2024, with a market share of 12.3%, and has been among the top four in global module shipments for ten consecutive years since 2015 [2] - As of December 31, 2024, JinkoSolar's products are sold in 178 countries and regions worldwide, with 16 overseas sales companies and seven regional operation centers established globally, indicating that over half of the company's sales revenue comes from international markets [2]

Core Viewpoint - Jingao Technology reported a significant increase in losses for the first half of 2025, with a net profit attributable to shareholders of approximately -2.58 billion yuan, a substantial decline compared to the previous year [1] Financial Performance - In the first half of 2025, Jingao Technology achieved operating revenue of approximately 23.905 billion yuan, representing a year-on-year decrease of 36.01% [1] - The net profit attributable to shareholders for the same period was approximately -2.58 billion yuan, compared to -874 million yuan in the same period last year, indicating a significant increase in losses [1] Business Overview - Jingao Technology's main business includes the research, production, and sales of solar photovoltaic silicon wafers, cells, modules, and energy storage systems [1] - The company is also involved in the development, construction, and operation of solar photovoltaic power plants, as well as the research, production, and sales of photovoltaic materials and equipment [1]