On June 30, JinkoSolar released a record of investor relations activities. Jiang Rui, Secretary of the Board of Directors of the company, Wei Tian, Senior Director of Investor Relations, Chen Puzhuang and Zhang Youhao, Manager of Investor Relations, participated in the reception and responded to questions about the industry situation and the company's operation.
According to the data of the National Energy Administration, in the first five months of this year, the newly installed capacity of solar power in China was 197. In May, the newly installed capacity of photovoltaic power was 92.92 GW, an increase of 388 compared with the same period last year.
"In the second half of the year, China's market demand relies on the support of large base projects, while overseas market demand has not declined significantly.". In the long run, the development of photovoltaic market must solve the bottleneck of grid absorption, while the necessity of supporting photovoltaic storage is further enhanced.
For capacity planning, Jingke Energy revealed that more than 40% of the existing capacity will be upgraded and transformed this year, and 40-50GW high-power TOPCon capacity will be formed by the end of 2025.
At the same time, the company said that upgrading and transformation does not involve new capacity, which is conducive to further accelerating the industry capacity clearance and helping the industry "anti-involution".
The original text is as follows:
1. How about the company's capacity improvement plan and the release of new products during SNEC this year? 0 series products, the latest high-efficiency components can achieve a maximum power of 670 W, and up to 24. The company will complete the upgrading and transformation of more than 40% of the existing production capacity this year, and form 40-50G W high-power TOPCon production capacity by the end of 2025. Upgrading and transformation does not involve new capacity, which is conducive to further accelerating the industry capacity clearance and helping the industry "anti-involution".
2. Thanks to better power generation gain and LCOE calculation, the company's high-power products can achieve a premium of about 10% compared with traditional products, and with the further smooth production, the cost gap will be further narrowed.
3. In the long run, the development of photovoltaic market needs to solve the bottleneck of grid consumption, while the necessity of supporting photovoltaic storage is further enhanced. Thanks to the support of orders from regions with better growth rates such as Indo-Pacific and Central and East Africa, the company's overall production schedule in the third quarter was relatively stable. By the end of the first quarter of this year, the size of the company's orders in hand was
85.4. The company and METLEN Group reached , of which only 6.4 billion yuan is restricted, down 41% from 2023.". Unrestricted monetary capital amounted to RMB23.9 billion, accounting for 25% of the revenue. In 2024, the Company's asset-liability ratio was reduced by 2 percentage points against the trend, while it was committed to continuously optimizing the debt structure, with short-term debt accounting for only 16%.
6. What technologies are mainly applied in the new conversion efficiency record of the company's N-type TOPCon? databm.com/hot/2059/" target="_blank" style="color: #4284f4; text-decoration: underline; "Data-word =" "> The highest conversion efficiency of photovoltaic modules is 25.58%, and the 182N TOPCon cell is 27. The breakthrough of the double efficiency record is based on many advanced technologies such as metallization laser enhancement, high-quality emitter passivation, local absorption passivation contact and so on; On the component side, it integrates many key innovative technologies and cutting-edge designs, such as film graphics technology, SMBB ultra-multi-main grid technology, reflective film technology and so on.
7. At present, under the consensus of the industry calling for "anti-involution", there are many positive factors to promote long-term price repair and supply-side capacity clearance. Polysilicon price futures fluctuate greatly in the short term, and the company's hedging strategy is cautious, only for deterministic orders for partial hedging.
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