The capital increase will be mainly used for the repayment of financial liabilities or operating liabilities of Haining Jingke .
As of January 17, Jingke Energy and Xingyin Assets have signed the Capital Increase Agreement and other documents which have been approved by the competent authorities of both parties. The announcement shows that Xingyin's assets have increased by 1 billion yuan (no more than 8.2257% of the equity). After the capital increase, the shareholding ratio of Xingyin Assets changed to 9.
JinkoSolar waives its preemptive right to subscribe for the capital increase. Jingke Energy will directly and indirectly hold no less than 68 shares of Haining Jingke.
Financial data show that as of September 30, 2025, the net assets of Haining Jingke are 8.476 billion yuan .
Specifically, the net profit of Haining Jingke in the first three quarters of 2025 was 28.8263 million yuan , compared with the net profit in January-June 2025 (224 million yuan). In terms of
assets and liabilities, as of September 30, 2025, the total liabilities of Haining Jingke were 12.061 billion yuan. The asset-liability ratio was 58.

JinkoSolar, the parent company, lost 3.92 billion yuan in the first three quarters , including a loss of 10. The asset-liability ratio is 74. It is worth noting that JinkoSolar has previously issued a pre-loss announcement for 2025 on January 15, and the company will suffer a loss in 2025.
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