Core Viewpoint - Jinko Technology (601778.SH) has early established its energy storage business, accumulating rich project resources and experience, making it a core strategic focus of the company [1] Group 1: Energy Storage Business Development - The company has over 10 GWh of energy storage projects under construction and in reserve, covering various applications such as grid-side, user-side, and integrated solar-storage [1] - Major grid-side energy storage projects of 560 MWh located in Gansu and Anhui are set to be connected to the grid in 2025, while a 400 MWh project in Qinhuangdao, Hebei, has already commenced construction at the end of last year [1] - Approximately 4 GWh of independent energy storage station projects are planned to start construction soon across North China, Northwest, East China, Southeast, and Central China [1] Group 2: Strategic Initiatives and Future Plans - The company is actively building a smart operation and maintenance platform, extending independent energy storage from source, grid, and load sides to virtual power plants and green electricity direct connection services [1] - Jinko Technology aims to further expand the construction scale of various energy storage projects, leveraging its rich project reserves and diverse development and operational experience [1] - The company is committed to implementing a "light and heavy combination" business model to create new growth drivers for its business [1]

Group 1 - Jinko Power Technology Co., Ltd. has recently completed nearly 50 MW of commercial distributed photovoltaic projects across multiple provinces including Jiangsu, Zhejiang, Fujian, Guangdong, and Hunan, covering various industry leaders' industrial parks [1] - The largest single project in this batch is the 13.18 MW distributed photovoltaic project at Supor's Shaoxing base, which is expected to generate approximately 13 million kilowatt-hours annually, enhancing energy efficiency and economic benefits [1] - Jinko's distributed development team has efficiently constructed nearly 20 MW of projects in SF Express logistics parks, supporting the green and low-carbon transformation of logistics infrastructure in East and South China [1] Group 2 - The restructuring of policies is reshaping China's distributed photovoltaic market, with economic viability, consumption capacity, and long-term stable returns becoming core considerations for owners and investors [2] - Jinko focuses on areas with favorable renewable energy consumption and electricity pricing policies, actively promoting the deep integration of distributed energy with the real economy [2] - The company aims to leverage its extensive project experience and strong development and operational capabilities to provide efficient and reliable distributed energy solutions for more partners in the future [2]

Market Overview - The electricity sector experienced a slight increase of 0.01% on the previous trading day, with Baitong Energy leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up by 0.16%, while the Shenzhen Component Index closed at 14300.08, down by 0.3% [1] Top Performers - Baitong Energy (001376) saw a closing price of 24.52, with a significant increase of 10.00% and a trading volume of 299,900 shares, amounting to a transaction value of 724 million yuan [1] - Jinkai New Energy (600821) closed at 5.99, up by 4.72%, with a trading volume of 1,727,200 shares and a transaction value of 1.033 billion yuan [1] - Jingke Technology (601778) closed at 4.39, increasing by 4.52%, with a trading volume of 2,887,800 shares and a transaction value of 1.268 billion yuan [1] Underperformers - Huaguang Huaneng (600475) closed at 20.70, down by 7.05%, with a trading volume of 293,600 shares and a transaction value of 622 million yuan [2] - Jiaze New Energy (601619) closed at 5.74, decreasing by 6.36%, with a trading volume of 1,676,200 shares and a transaction value of 1 billion yuan [2] - Hengsheng Energy (605580) closed at 23.78, down by 6.27%, with a trading volume of 105,100 shares and a transaction value of 255 million yuan [2] Capital Flow - The electricity sector experienced a net outflow of 1.722 billion yuan from institutional investors, while retail investors saw a net inflow of 1.619 billion yuan [2] - Baitong Energy had a net inflow of 68.49 million yuan from institutional investors, while retail investors had a net outflow of 33.46 million yuan [3] - Jingke Technology experienced a net inflow of 31.44 million yuan from institutional investors, with retail investors seeing a net outflow of 55.41 million yuan [3]

Market Overview - The electricity sector experienced a slight decline of 0.05% on the previous trading day, with Huaguang Huaneng leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Notable gainers in the electricity sector included: - TuoRi New Energy (002218) with a closing price of 6.01, up 10.07% on a trading volume of 210,600 shares and a transaction value of 127 million [1] - Haoling Power (600452) closed at 11.86, up 5.33% with a trading volume of 993,900 shares and a transaction value of 1.15 billion [1] - Meiyan Jixiang (600868) closed at 5.18, up 4.86% with a trading volume of 5,210,400 shares and a transaction value of 2.74 billion [1] - Conversely, significant decliners included: - Huaguang Huaneng (600475) closed at 19.53, down 7.96% with a trading volume of 286,200 shares and a transaction value of 572 million [2] - Jinko Technology (601778) closed at 4.22, down 4.95% with a trading volume of 2,079,800 shares and a transaction value of 887 million [2] - Luxiao Technology (002617) closed at 9.15, down 4.69% with a trading volume of 1,979,600 shares and a transaction value of 1.83 billion [2] Capital Flow - The electricity sector saw a net outflow of 1.975 billion from institutional investors, while retail investors contributed a net inflow of 1.463 billion [2] - The capital flow for specific stocks showed: - Meiyan Jixiang (600868) had a net inflow of 150 million from institutional investors, while it faced a net outflow of 121 million from speculative funds [3] - TuoRi New Energy (002218) experienced a net inflow of 68.87 million from institutional investors, with a significant outflow from retail investors [3]

Group 1 - Jinko Technology's subsidiary was fined approximately 6.66 million yuan for occupying forest land without proper permits, affecting multiple villages in the region [2][3] - NAR Holdings was fined about 140,600 yuan for failing to develop a monitoring plan and conduct self-monitoring as required by their pollution discharge permit [4] - New Feng Microcrystalline Company was penalized 100,000 yuan for illegally disposing of industrial solid waste without verifying the qualifications of the contractor [6] Group 2 - The environmental risks associated with companies are increasingly recognized as significant operational risks, impacting both development and corporate image [2] - A total of five listed companies were identified with environmental risk issues, collectively involving over 420,900 shareholders, indicating potential investment risks [2] - The report emphasizes the growing importance of ESG (Environmental, Social, and Governance) investment principles, highlighting the need for companies to focus on sustainable development [6][7]

Group 1 - The core point of the announcement is that JinkoSolar has disclosed its total external guarantees amounting to RMB 2,035,549.92 million, which represents 128.23% of the company's most recent audited equity attributable to shareholders [2] - Among the total guarantees, the amount guaranteed for its subsidiaries is RMB 1,648,020.44 million [2] - The company has reported that there are no overdue external guarantees [2]

Core Viewpoint - The new type of energy storage station, referred to as a "super power bank," is becoming a crucial element in ensuring stable electricity supply during the winter months as urban electricity demand rises [1] Group 1: Company Overview - Jinko Technology (601778.SH) has launched the Feidong Jinying 100MW/200MWh energy storage station, which is the first 100-megawatt grid-side energy storage project in Hefei [1] - The energy storage station is located in the Feidong Circular Economy Demonstration Park and is expected to be operational by September 2025 [1] - Since its entry into the new energy storage business in 2022, Jinko Technology has established multiple energy storage applications across various provinces including Gansu, Hebei, Zhejiang, Jiangsu, Guangdong, and Anhui [1] Group 2: Project Details - The Feidong Jinying energy storage station can operate continuously at maximum power for approximately 2 hours and is divided into 40 battery cabins across 4 independent operating zones, enhancing overall operational reliability [1] - The station has delivered nearly 10 million kilowatt-hours of electricity to the Hefei region since its operation, effectively achieving peak shaving and valley filling [1] Group 3: Industry Trends - The company is positioning new energy storage as a new growth driver, accelerating the nationwide layout of independent energy storage business through a light asset operation strategy [1]

证券代码：601778 证券简称：晶科科技 公告编号：2026-002 晶科电力科技股份有限公司 关于提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | | 被担保人名称 | 公司及其全资下属公司 | | --- | --- | --- | | | 本次担保金额 | 24,225.97 万元 | | 担保对象 一 | 实际为其提供的担保余额 | 万元（含本次） 56,220.89 | | | 是否在前期预计额度内 | 是 □否 □不适用：_________ | | | 本次担保是否有反担保 被担保人名称 | □是 否 □不适用：_________ | | 担保对象 二 | | | | | 本次担保金额 | Dhafrah PV2 Energy Company LLC 万美元 535 | | | 实际为其提供的担保余额 | 万美元（含本次） 16,014.91 | | | 是否在前期预计额度内 | 是 □否 □不适用：_________ | | | 本次担保是否有反担保 | □是 否 ...

Core Viewpoint - Five listed companies in A-shares have recently exposed environmental risks, highlighting the increasing importance of environmental responsibility in corporate operations [8][11]. Group 1: Environmental Violations and Penalties - JinkoSolar Technology Co., Ltd. was fined approximately 6.66 million yuan for occupying forest land without proper usage permits [8][11]. - NAR Holdings Co., Ltd. was penalized 140,600 yuan for failing to develop a monitoring plan and conduct self-monitoring as required [13]. - Jiangxi Xin Feng Microcrystalline Jade Co., Ltd. was fined 100,000 yuan for improperly disposing of industrial solid waste without verifying the qualifications of the contractor [15]. Group 2: Company Responses and Actions - JinkoSolar stated it is actively working on obtaining the necessary land usage permits and is committed to sustainable development practices [12]. - NAR Holdings did not provide an effective response to inquiries regarding its environmental violations [13]. - Xin Feng Microcrystalline Jade submitted a rectification report indicating that it has recovered the illegally disposed waste and is now compliant with regulations [15]. Group 3: Broader Implications for Investors - The five companies involved have a combined total of 420,900 shareholders, indicating potential investment risks associated with their environmental standings [11]. - The increasing focus on ESG (Environmental, Social, and Governance) factors among investors emphasizes the need for companies to maintain sustainable practices [16].

Core Viewpoint - JinkoSolar's stock price has experienced fluctuations, with a recent decline of 2.05% and a total market capitalization of 15.39 billion yuan, despite a year-to-date increase of 15.86% [1] Group 1: Stock Performance - As of January 22, JinkoSolar's stock price was 4.31 yuan per share, with a trading volume of 305 million yuan and a turnover rate of 1.95% [1] - The stock has increased by 2.62% over the last five trading days, 15.55% over the last 20 days, and 27.14% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, JinkoSolar reported a revenue of 3.122 billion yuan, a year-on-year decrease of 19.73%, while the net profit attributable to shareholders was 356 million yuan, reflecting a year-on-year increase of 61.82% [2] Group 3: Business Overview - JinkoSolar, established on July 28, 2011, and listed on May 19, 2020, is primarily engaged in the development, operation, and transfer of photovoltaic power plants, as well as EPC services [1] - The company's revenue composition includes 75.57% from photovoltaic power generation, 18.34% from household photovoltaic power plant development, 2.51% from EPC services, and smaller contributions from other services [1] Group 4: Shareholder Information - As of September 30, 2025, JinkoSolar had 130,100 shareholders, an increase of 9.22% from the previous period, with an average of 27,448 circulating shares per shareholder, a decrease of 8.44% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and several mutual funds, with notable changes in shareholdings [3]