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.
3. According to an interaction on i问易 on December 2, 2025, the world record conversion efficiency for the company’s perovskite/TOPCon tandem cells in this instance is attributed to the company’s deep accumulation in TOPCon cells, perovskite, and tandem technology, as well as systematic innovation. It demonstrates the feasibility and significant potential of TOPCon-perovskite tandem technology. In recent years, although the stability of perovskite tandem cells in the industry has improved noticeably, it still has not fully met the requirements for commercial mass production. It is expected that it will still take about three more years for perovskite tandem cells to achieve a certain scale of mass production.
4. The company’s main business is the R&D, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers, as well as the application and industrialization of photovoltaic technology. Based on this, the company provides efficient, high-quality solar photovoltaic products to customers worldwide, continuously supplying clean energy.
(Disclaimer: The analysis content is sourced from the internet and does not constitute investment advice. Please make independent judgments based on different market conditions.)
Capital flow analysis
Today, the net inflow of main funds is -8.8593 million, accounting for 0.04%. Industry ranking: 59/72. For 3 consecutive days, main fund holders have been reducing their positions; the net inflow of main funds in the industry is -236 million, and for 2 consecutive days, main fund holders have been reducing their positions.
In the range today, over the past 3 days, 5 days, 10 days, and 20 days, the net inflow of main funds: -8.8593 million, -66.2999 million, -85.9783 million, -142 million, -233 million main fund holdings
The main holders do not have control over the market; the share distribution is very dispersed. The transaction amount of the main holders is 85.9783 million yuan, accounting for 6.21% of the total transaction amount.
Technical analysis: the average trading cost of the shares (chip) is 5.80 yuan
The stock’s average trading cost for shares is 5.80 yuan. Recently, the holders have reduced their positions, but the pace of reduction has slowed; the current stock price is between the pressure level of 4.57 and the support level of 4.01, so it is possible to trade within this range in a swing pattern.
Company profile
According to available information, JinkoSolar Co., Ltd. is located at No. 1, Jinke Center, Lane 1466, Shen Chang Road, Minhang District, Shanghai. The company was established on December 13, 2006, and listed on January 26, 2022. Its main business involves the R&D, production, and sales of solar photovoltaic modules, battery cells, and silicon wafers, as well as the application and industrialization of photovoltaic technology. Based on this, it provides efficient and high-quality solar photovoltaic products to customers worldwide. Breakdown of main business revenue: photovoltaic products 95.47%, other (supplementary) 2.90%, other 1.63%.
JinkoEnergy belongs to the Shenwan industry: Electric Equipment—Photovoltaic Equipment—Photovoltaic Cell Components. The concept sector it belongs to includes: new energy, photovoltaic recycling, BIPV concept (photovoltaic building integration), low-price, BIPV concept, etc.
As of March 31, the number of shareholders of JinkoEnergy is 110,300, up 41.85% from the previous period. The average number of shares held in circulation is 93,082 shares, down 27.64% from the previous period. From January to March 2026, JinkoEnergy achieved operating revenue of 12.248 billion yuan, down 11.52% year-on-year; net profit attributable to the parent company was -1.35 billion yuan, up 2.85% year-on-year.
As for dividends: since JinkoEnergy’s A-share listing, the company has cumulatively distributed cash dividends of 3.355 billion yuan. In the past three years, cumulative cash dividends totaled 2.235 billion yuan.
Regarding institutional holdings: as of March 31, 2026, among the top 10 circulating shareholders of JinkoEnergy, Hong Kong Securities Clearing Co., Ltd. is the third-largest circulating shareholder, holding 244 million shares, down 32.6064 million shares from the previous period. 华夏上证科创板50成份ETF (588000) is the seventh-largest circulating shareholder, holding 138 million shares, down 17.4781 million shares from the previous period. E Fund 上证科创板50ETF (588080) is the eighth-largest circulating shareholder, holding 75.1451 million shares, down 72.7742 million shares from the previous period.
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