Core Viewpoint - JinkoSolar (JKS.US) shares rose over 1.3% to $22, driven by news regarding the company's product line upgrades and production capacity goals [1] Group 1: Product and Production Updates - The new generation of products involves production line upgrades, with reasonable total cost differences [1] - As mass production increases and processes mature, the cost gap is expected to narrow further [1] - The upgraded products can achieve a premium of approximately 10% compared to non-upgraded products [1] Group 2: Capacity Goals - The company aims to achieve over 40% production capacity upgrades by the end of this year [1] - In the third quarter, JinkoSolar has already delivered some high-power products exceeding 640W [1] - The mainstream power delivery is expected to be in the range of 650-670W next year [1]

晶科能源（688223.SH）8月12日在投资者互动平台表示，题述综合功率优势是基于公司最新产品更高 双面率计算的背面功率优势，叠加更优的弱光发电性能得出的理论数据，能提供更高综合发电增益。新 一代产品涉及产线升级，但总成本差异合理，且随量产放量和工艺成熟差距将进一步缩小，并相较未升 级产品可实现溢价10%左右。公司目标今年年底实现40%以上产能升级，三季度640W以上高功率产品 已实现部分交付，明年交付主流功率在650-670w。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：董秘好！看到贵司微信公众号发布的新一代组件对于 功率描述：正面650-670W，背面85±5%的双面率，正+背面综合功率比同档位BC组件高出约70W。 想 请问下这个70W是如何计算得出？那么这个新一代产品在成本上与现在主流出货组件成本相比有没有优 势？最关键的是什么时候能够在市场上看到出货？ ...

格隆汇8月12日丨晶科能源(688223.SH)在互动平台表示，新一代产品涉及产线升级，但总成本差异合 理，且随量产放量和工艺成熟差距将进一步缩小，并相较未升级产品可实现溢价10%左右。公司目标今 年年底实现40%以上产能升级，三季度640W以上高功率产品已实现部分交付，明年交付主流功率在 650-670w。 ...

Core Viewpoint - JinkoSolar emphasizes the importance of addressing "involution" in the photovoltaic industry, advocating for controlled capacity expansion and rational pricing to promote high-quality development [1][2]. Group 1: Industry Insights - The company highlights the central government's focus on resolving "involution" in the photovoltaic sector, indicating a commitment to curbing disorderly competition and fostering high-quality growth [1]. - JinkoSolar believes that to reshape industry order, it is essential to strictly control new capacity and guide prices back to rational levels while promoting technological innovation [1]. - The China Photovoltaic Industry Association has revised its global photovoltaic installation forecast for 2025 from 531-583 GW to 570-630 GW, and the forecast for China has been adjusted from 215-255 GW to 270-300 GW [2]. Group 2: Company Developments - JinkoSolar has completed technical upgrades at two facilities, with an expected production capacity of 40%-50% for products over 640W by the end of this year, and most capacity will reach 650-670W next year [1][2]. - The company has begun partial deliveries of high-power products over 640W in Q3, with larger-scale deliveries expected in Q4, and anticipates that most orders will switch to these high-power products next year [2]. - JinkoSolar aims to enhance the efficiency of its TOPCon technology, targeting a production efficiency of over 28% within the next 2-3 years [2]. Group 3: Market Demand - The company assesses that after a surge in demand in the first half of the year, the Chinese market is returning to normal, primarily driven by centralized projects [3]. - The U.S. market faces uncertainties due to policy disruptions, while emerging markets in the Middle East, Africa, and the Indo-Pacific are experiencing rapid growth, supporting stable global demand for photovoltaics [3]. - Overall market demand in the second half of the year is expected to align with cautious supply under the industry's "involution," leading to stable component prices [3].