Core Viewpoint - JinkoSolar has officially launched mass production of its new product, the TigerNeo3.0 solar module, which features a conversion efficiency exceeding 24.8% and a power output of up to 670W, marking a significant advancement in the company's product offerings [1] Group 1: Product Development - The TigerNeo3.0 module has a maximum bifacial rate of 90% and is designed for high power, excellent low-light performance, and efficiency [1] - JinkoSolar has secured a total of 15GW in orders during a global signing ceremony with distributors, although these agreements are non-binding and subject to formal contracts [1] Group 2: Financial Performance - JinkoSolar's net profit attributable to shareholders is projected to be less than 100 million yuan for 2024, reflecting a general decline in profitability across the solar industry [2] - In the first three quarters of 2025, JinkoSolar reported a revenue of 47.986 billion yuan, a year-on-year decrease of 33.14%, and a net loss of 3.92 billion yuan [2] Group 3: Research and Development - Despite financial losses, JinkoSolar continues to invest in R&D, particularly in N-type TOPCon technology, with R&D expenses of 1.199 billion yuan in 2022, 1.578 billion yuan in 2023, and 719 million yuan in the first three quarters of 2025 [2] - The company's N-type TOPCon modules achieved a maximum conversion efficiency of 25.58% and the full-area efficiency of 27.02% for 182N-type TOPCon cells [2] Group 4: Market Position - JinkoSolar has established a strategic presence in the integrated solar supply chain, serving approximately 4,000 customers across nearly 200 countries and regions [3] - As of the end of the third quarter of 2025, JinkoSolar's cumulative module shipments exceeded 370GW, maintaining its position as the global leader in module shipments for six consecutive years [3]