Shanghai, Jan 26, 2026, 09:10 (GMT+8) — Premarket.
- Jinko Solar’s Class A shares ended the day at 6.90 yuan, hitting the daily 20% limit up.
- The firm flagged a full-year loss for 2025 and pointed to an energy-storage installation in Hebei.
- After a weekend of buzz around “space solar,” traders are now watching for momentum to carry into solar stocks.
Jinko Solar Co., Ltd.’s Class A shares on the Shanghai exchange (688223) hit their 20% daily limit on Friday, closing at 6.90 yuan. On Monday, the stock opened lower at 5.76 yuan but climbed to finish at the day’s peak, trading around 575 million shares, according to 6 .
The burst is significant as China’s solar trade shows renewed volatility. Investors grapple with theme-driven rallies while the sector remains burdened by low prices, overcapacity, and sluggish earnings.
Over the weekend, Jinko’s energy-storage division wrapped up a 10MWh battery installation in Handan, Hebei, at an agricultural market, according to a Securities Times report relayed by Sina Finance. The project aims to cut electricity bills by shifting consumption between off-peak and peak periods, while integrating solar generation, storage, and charging. 1
A filing last week painted a grimmer picture. Jinko projects a net loss attributable to shareholders between 5.9 billion and 6.9 billion yuan for 2025, marking a sharp downturn from last year’s profit. The company expects an even bigger loss once one-off items are stripped out. It pointed to volatile supply-chain prices, ongoing trade-policy tensions overseas, weak module prices, and impairment charges as major factors weighing on results.
Traders haven’t found much reason to hold back. A First Financial report on Sunday pointed to buzz around “space photovoltaics” as the trigger for a surge in solar stocks hitting limit-up, fueled by Tesla’s Elon Musk backing the concept at Davos. That said, major players like Tongwei, Trina Solar, and JA Solar have all flagged steep losses expected in 2025. 2
Jinko is pushing storage as a more reliable revenue stream. “This project marks a significant application of our utility-scale energy storage product in a complex commercial setting,” Damon Duan, general manager of Jinko ESS China, said in the company’s Handan project announcement. 3
After a limit-up finish, there’s not much space for disappointment. Over the weekend, industry voices highlighted that losses among top solar manufacturers are still significant. Traders continue to fret that any price stability might be fleeting if capacity remains elevated. 4
Investors will be keen to see if the stock maintains its gains once Shanghai trading kicks off at 9:30 a.m., and whether fresh disclosures provide more clarity on demand and pricing through early 2026. According to Eastmoney data, Jinko’s audited 2025 annual report is set for release on April 30. 5
