JinkoSolar Technology: Net loss of 2.58 billion yuan in the first half of 2025.

JinkoSolar Technology announced that in the first half of 2025, its operating income was 23.905 billion yuan, a year-on-year decrease of 36.01%. The net loss was 2.58 billion yuan, compared to a net loss of 0.874 billion yuan in the same period last year. During the reporting period, the company continued to deepen market expansion, accelerate international layout, and maintain its industry-leading position in the shipment of battery components based on its technological advantages. However, the industry competition continued to intensify due to the imbalance between supply and demand caused by the concentrated release of production capacity in various links of the photovoltaic main industry chain in recent years. Prices of major products in various links were under pressure compared to the same period, and international trade protection policies intensified. This led to a year-on-year decrease in the average selling price and profitability of the company's components, resulting in a temporary loss in operating performance.