公信财经

On August 26, JinkoEnergy rose 1.38%, with trading volume of RMB 288 million, turnover rate of 0.64%, and total market capitalization of RMB 45.185 billion.
Abnormal movement analysis
Energy storage + DeepSeek concept + BC batteries + photovoltaic concept
On May 16, 2023, the company responded on Interaction Easy: The company has launched three energy storage product solutions for residential storage (1kWh–50kWh), commercial and industrial storage (50kWh–1MWh), and grid-source-side storage, enabling diversified smart energy applications through coordinated solar-plus-storage.
On March 11, 2025, the company responded on Interaction Easy. The company continues to monitor the development and application of AI technologies. It has now integrated general-purpose models such as DeepSeek into the company’s office platform.

On August 25, JinkoEnergy rose 0.23%, with trading amount of RMB 203 million, turnover rate of 0.46%, and total market value of RMB 44.569 billion.
Anomaly analysis
Energy storage + DeepSeek concept + BC battery + Photovoltaic concept
1. May 16, 2023, interaction platform reply: The company has launched three energy storage product solution types for residential, commercial and industrial, as well as source-grid side storage—namely residential storage (1kWh–50kWh), commercial and industrial storage (50kWh–1MWh), and source-grid side storage—enabling diversified smart energy applications through coordinated solar-plus-storage.
2. March 11, 2025, interaction platform reply: The company continues to track the development and application of AI technology. Currently, it has integrated general-purpose models such as DeepSeek into the company’s office platform.

Topic: The 17th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD)
　　 The Sina Finance ESG Rating Center provides 14 ESG services, including news, reports, training, and consulting, to help listed companies communicate ESG concepts and improve their performance in sustainable ESG development. Click to view the 【ESG Rating Center Service Manual】 Source: Center for Promoting Climate Change Response through Global Action
　　 【Ulaanbaatar, August 24, 2026】 On the afternoon of August 24, local time, the side event venue Business4Land Hall (Land-Friendly Business Development Initiative Hall) at the 17th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD COP17) welcomed an event focused on cross-sector collaboration. Co-organized by the Center for Promoting Climate Change Response through Global Action, the PTA Plant Alliance, and the Shanghai Pok Foundation, together with Jinko, Tencent, Pok Foundation, representatives of women from Inner Mongolian herding areas, and environmental technology enterprises, the event presented innovative practices of China’s social forces participating in land restoration across five dimensions: photovoltaic sand control, carbon sink forest co-building, gamified education, voices from pastoral areas, and land restoration technologies.

?Yunyingshang Caijing Wang Wu Bihui / Written by
A few months ago, Chen Kangping, vice chairman of JinkoPower, officially resigned from his position and no longer holds any post within the company. At that time, it had been only about four months since Cao Haiyun, the newly appointed general manager of JinkoPower, took office. Cao Haiyun took over as general manager in March this year from Chen Kangping. Now, with the former Chen Kangping resigning directly, people can’t help but pay close attention.
According to available information, Cao Haiyun was born in 1977 and is 49 years old this year, but no specific details about his alma mater or education have been made public online.
However, based on his early work experience, his education level should not be low. He began working at PricewaterhouseCoopers Zhong Tian Certified Public Accountants as early as 2002, serving as a senior audit manager—an obvious auditing background.

I. Important Notice
The summary of this interim report is derived from the full text of the interim report. In order to comprehensively understand the Company’s operating results, financial position, and future development plans, investors should read the full text of the interim report carefully via the media designated by the CSRC.
All directors have attended the board meeting deliberating on this report.
Non-standard audit opinion disclaimer
□ Applicable √ Not applicable
Profit distribution proposal for the reporting period or capital reserve capitalization proposal considered by the Board of Directors
□ Applicable √ Not applicable
The Company does not plan to distribute any cash dividends, does not distribute bonus shares, and does not capitalize capital reserves into share capital.

On August 21, JinkoEnergy rose 0.00%, with trading volume of RMB 204 million, turnover rate of 0.45%, and total market value of RMB 45.083 billion.
Intraday movement analysis
BC batteries + TOPCon batteries + perovskite batteries + photovoltaic concept
1. On June 2, 2023, during a company interaction: The company has already mass-produced high-efficiency batteries focusing on N-type TOPCon technology. At the same time, it is actively carrying out R&D of new technologies and new processes, and has reserved IBC battery technology and perovskite battery technology, among others.
2. The company has rich technological and process reserves in the N-type TOPCon field, with a clear roadmap for efficiency improvement and cost reduction. In the future, it will continue to increase investment to maintain its leading position as a "leader in the N-type era." The 16GW large-size N-type TOPCon battery capacity projects that the company commenced production in Hefei, Anhui, and Haining, Zhejiang are progressing smoothly, and all key indicators meet expectations. Among them, the Hefei TOPCon battery plant has reached full production; its mass production testing efficiency has reached 24.7%, and its usable yield is on par with the PERC production lines. The JianShan plant in Haining ramped up smoothly and reached full production by the end of June 2022.

On August 20, JinkoSolar rose by 1.62%, with trading volume of CNY 236 million, turnover rate of 0.52%, and a total market value of CNY 45.083 billion.
Volatility analysis
BC batteries + TOPCon batteries + perovskite batteries + photovoltaic concepts
1. June 2, 2023 company interaction: The company has already mass-produced high-efficiency batteries, focusing on N-type TOPCon technology. At the same time, it actively carries out R&D for new technologies and new processes, and has reserved IBC battery technology and perovskite battery technology, among others.
2. The company has extensive technical and process reserves in the N-type TOPCon field, with a clear path to improve efficiency and reduce costs. In the future, it will continue to increase investment to maintain its leading position as a “leader in the N-type era.” The progress of 16GW large-size N-type TOPCon battery production capacity that the company put into operation in Hefei, Anhui and Haining, Zhejiang is proceeding smoothly, and all key indicators are in line with expectations. Among them, the Hefei TOPCon battery factory has already reached full production; its mass-production testing efficiency has reached 24.7%, and its usable yield is on par with the PERC production line. The Qianshan factory in Haining ramped up smoothly and reached full production by the end of June 2022.

On August 19, Jingke Technology fell 6.54%, with trading amount of RMB 535 million, turnover rate of 3.95%, and total market value of RMB 13.291 billion.
Anomaly movement analysis
Computing power leasing + East Data, West Computing (computing power) + data centers (AIDC) + solar power concept + solar power building integration
1、公告 dated April 17, 2026, Jingke Power Technology Co., Ltd. signed (an investment agreement) with the People's Government of Zhongwei, reaching a cooperation intent regarding the 1GW computing power center project in Ningxia's Zhongwei. The project is planned with a total investment of approximately RMB 24.5 billion, and an installation of about 50,000 racks. It will be built in three phases: Phase 1: planned investment of approximately RMB 10 billion, IT power 400MW; Phase 2: planned investment of approximately RMB 6 billion, IT power 300MW; Phase 3: planned investment of approximately RMB 8.5 billion, IT power 300MW.

Log in to the Sina Finance app and search for 【Information Disclosure】 to view more assessment grades
Stock code: 688223 Stock abbreviation: JinkoSolar Announcement No.: 2026-058
Bond code: 118034 Bond name: Jingneng Convertible Bond
JinkoSolar Holding Co., Ltd.
Regarding the Board of Directors’ proposal to lower the conversion price of the “Jingneng Convertible Bond”
Announcement on the Conversion Price
The board of directors and all directors of the Company warrant that this announcement contains no false records, misleading statements or material omissions, and shall bear legal responsibility in accordance with the law for the authenticity, accuracy and completeness of its contents.
Key Matters:

(Source: official WeChat account of PV Industry)
Over the past year, photovoltaics has quietly found a different way to live.
Fewer and fewer new projects are being built, but more and more technological upgrades are being carried out. In April, Aisai announced that it would spend RMB 1.665 billion to fully back ABC; in July, Longi invested RMB 1.8 billion to advance the HPBC 2.0 upgrade on a massive scale; not long ago, TCL Zhonghuan just completed the acquisition of a new energy company, and is already eager to take on the six major bases, with an expected total investment of RMB 2.6 billion…
According to incomplete statistics, the total investment in photovoltaic technology upgrade projects that have been publicly disclosed has now nearly reached RMB 13 billion, involving production capacity of more than 100 GW.
Behind all this, policy constraints are also tightening in step. In early July, three mandatory national standards for photovoltaics—including (the minimum efficiency threshold and efficiency grades for crystalline silicon photovoltaic modules and inverters)—were officially released, effectively keeping low-efficiency capacity out of the market.

As 2026 marks the beginning of the 15th Five-Year Plan period, new-quality productive forces have become the core focus of industrial development. As the Guangdong-Hong Kong-Macao Greater Bay Area, a forerunner in intelligent manufacturing and the green transition, it is leveraging robust industrial clusters and abundant digital innovation and R&D resources, and is emerging as a key testing ground for exploring sustainable manufacturing through the integration of digitalization and greening.
On August 15, the “Greater Bay Area: A New Chapter, Smart Manufacturing for the Future | 2026 Manufacturing Industry Sustainable Development Innovation Summit & the First AI+ and Intelligence-Led Innovation Summit in the Greater Bay Area,” hosted by CIO Times and supported by the New Infrastructure Innovation Research Institute as a think tank, was successfully held in Shenzhen. As the first exemplar summit in the Greater Bay Area in this field, the event brought together representatives from all sectors, including experts and scholars, digitalization leaders of leading enterprises, industry CIOs, and digital service providers. Through diverse formats such as keynote speeches, panel discussions, ecosystem alliance signings, award ceremonies, appointment of think-tank experts, exhibition-area exchanges, and interactive sessions, it built an in-depth platform for matching industry, academia, research, and application—helping to chart a localized implementation path for long-term, low-carbon, and intelligent manufacturing development in the manufacturing industries of the Guangdong-Hong Kong-Macao Greater Bay Area.

On August 18, JinkoSolar shares fell by 0.22%, with trading value of RMB 323 million, turnover rate of 0.70%, and a total market value of RMB 46.007 billion.
Anomaly analysis
BC batteries + TOPCon batteries + perovskite batteries + photovoltaic concept
1、On June 2, 2023, the company’s interaction: The company has commenced mass production of efficient batteries focused on N-type TOPCon technology. At the same time, it actively carries out R&D on new technologies and new processes, and has reserved technologies such as IBC batteries and perovskite (calcium-titanate) batteries.
2、The company has extensive technical process reserves in the N-type TOPCon field, with a clear path for efficiency improvement and cost reduction. In the future, it will continue to increase investment to maintain its leading position as a “leader in the N-type era.” The 16GW large-size N-type TOPCon battery capacity that the company started production in Hefei, Anhui, and Haining, Zhejiang is progressing smoothly, and all key indicators meet expectations. Among them, the TOPCon battery factory in Hefei has already reached full production capacity; its mass-production testing efficiency has reached 24.7%, and its usable yield is comparable to that of the PERC production line. The ramp-up at the Jianshan plant in Haining is proceeding smoothly, reaching full production by the end of June 2022.

August 18: Jinko Technology fell 0.26%, with trading volume of RMB 481 million, turnover rate of 3.37%, and total market value of RMB 14.222 billion.
Anomalous movement analysis
Computing power leasing + East Data-West Computing (computing power) + data centers (AIDC) + photovoltaic concept + PV building integrated systems
1. On April 17, 2026, an announcement stated that Jinko Power Technology Co., Ltd. signed (an investment agreement) with the People’s Government of Zhongwei City to reach cooperation intent regarding the Ningxia Zhongwei 1GW computing power center project. The project’s planned total investment is approximately RMB 24.5 billion, with deployment of about 50,000 racks, to be built in three phases: Phase 1: planned investment of about RMB 10 billion, IT power of 400MW; Phase 2: planned investment of about RMB 6 billion, IT power of 300MW; Phase 3: planned investment of about RMB 8.5 billion, IT power of 300MW.

Source: Securities Times
People's Finance Network, August 14—According to JinkoSolar, the company has recently won a bid for the 2026 (first batch) procurement of photovoltaic modules by State Energy Hunan Company. It will supply 133.36MW of high-efficiency modules for the Lüzihu fishery-solar complementary power generation project and the Zhenyang (Yangqiao) integrated photovoltaic power generation project.

On August 14, JinkoSolar fell 0.23%, with trading volume of RMB 287 million, turnover rate of 0.64%, and total market value of RMB 45.185 billion.
Anomaly analysis
BC batteries + TOPCon batteries + perovskite solar cell + photovoltaic concept
1. June 2, 2023, company interaction: The company has already mass-produced high-efficiency cells focused on the N-type TOPCon technology. It is also actively conducting R&D on new technologies and new processes, and has reserved IBC cell technology and perovskite cell technology, among others.
2. The company has abundant technological and process reserves in the N-type TOPCon field, with a clear path for efficiency improvement and cost reduction. In the future, it will continue to increase investment to maintain its leading position as a “leader in the N-type era.” The progress of the 16GW large-size N-type TOPCon cell capacity commissioned in Hefei, Anhui and Haining, Zhejiang is progressing smoothly, and all key indicators meet expectations. Among them, the TOPCon cell factory in Hefei is already operating at full capacity; its mass-production test efficiency has reached 24.7%, and its usable yield is on par with the PERC production line. The ramp-up at the Qianshan plant in Haining went smoothly, and it reached full capacity by the end of June 2022.

(Source: UFIDA)
Double-loop transmission, JinkoSolar and other benchmark companies gathered in Nanjing to deeply dissect the full path for large-scale deployment of manufacturing AI—covering the manufacturing AI practice closed-door session that addresses practical implementation, including manufacturing enterprises, industrial algorithms, and FDE practices—providing actionable solutions.
As generative AI accelerates into enterprises, what the manufacturing industry truly cares about is no longer whether “AI can be used,” but whether “AI can be embedded into core business and create measurable, quantifiable value.”
On the afternoon of August 6, the “AI in Manufacturing: Practices and Reflections—Manufacturing AI Practice Private Session” was held in Nanjing. Digital transformation practitioners from manufacturing companies such as Double-loop Transmission and JinkoSolar, together with UFIDA AI experts, came together to discuss real scenarios including smart factories, digital workers, industrial vision, operations analytics, and FDE value delivery—an in-depth exchange with no abstract concepts, no flashy demos, and no empty talk.