JinkoSolar Holds its Ground Amid Industry Turmoil, Emerges Stronger with Enhanced High-Efficiency Product Portfolio
JinkoSolar Holding Co., Ltd. reported a resilient performance in the second quarter of 2026, navigating through industry headwinds and emerging stronger with an enhanced high-efficiency product portfolio.
According to Dimi Xu, CEO of JinkoSolar, module shipments increased sequentially to approximately 16 GW during the quarter, despite supply and demand imbalances across the PV industry remaining dynamic. The company's high-efficiency products continued to gain traction, albeit at the cost of ramping up production.
The global solar market has been under pressure due to shifts in domestic and overseas policies, leading to lower prices and profitability across the industry. However, JinkoSolar took proactive measures to optimize its order book and geographic mix, rationalize utilization rates, and expand the proportion of high-efficiency products within shipments.
These strategic moves are expected to drive a gradual recovery in profitability for the company, as it leverages its advanced manufacturing capacity, technological expertise, global delivery capabilities, and long-term service offerings. The implementation of market-based pricing for renewable power is also pushing customers to focus on energy yield, reliability, and lifetime value of modules.
Mr. Xu highlighted that the mandatory new national standard on energy efficiency for modules and inverters released in July will take effect in January 2027, setting level three energy efficiency as a minimum threshold for market access. High-efficiency products are expected to thrive under this new standard, with JinkoSolar's TOPCon 3.0 production capacity exceeding 40 GW by the end of 2026.
The company is poised to lead the industry in high-efficiency product production, meeting level one energy efficiency requirements under the new standard. With a solid foundation for next-generation technologies based on its TOPCon technology roadmap, JinkoSolar is well-positioned to capitalize on emerging market trends and drive sustainable growth.
