Recently, LONGi Green Energy, JA Solar, JinkoSolar The investor relations activity record form for the third quarter 2026 performance briefing was successively disclosed, and responses were made around issues such as BC technology progress, component shipments, operating conditions, energy storage business, and overseas market layout.
LONGi Green Energy
On November 5, LONGi Green Energy disclosed the investor relations activity record sheet of the third quarter 2026 performance briefing, which introduced the progress of BC modules, ACM technology industrialization and energy storage business.
In terms of BC business, in the first three quarters of 2026, The company achieved module shipments of 48.61 GW, of which BC module sales were 31.64 GW, a year-on-year increase of 118.58%, with shipments accounting for more than 65%, its share in overseas and distributed markets has increased significantly.. The company stated that it will continue to expand the scenario-based application and market share of BC modules based on different customer needs in the centralized and distributed markets.
In terms of technology, the company's self-developed ACM (nano-alloy contact matrix) technology has achieved large-scale production of GW-level cells and components, which can increase the mass production conversion efficiency of BC cells by 0.2%-0.3%, while improving component power and long-term reliability. The subsequent construction progress of the ACM production line will be comprehensively determined based on factors such as silver paste price changes and downstream customer demand.
In terms of energy storage business, As of now, the company’s energy storage business orders have exceeded 3 GWh. The progress of order conversion mainly depends on the grid connection progress of downstream customer projects, and the synergy between related business and component business is mainly reflected in the operating income side.
JinkoSolar
On October 30, JinkoSolar disclosed its third quarter 2026 results. Affected by factors such as increased shipments of high-efficiency component products, increased capacity utilization, and the development of the energy storage business, the company's net profit attributable to parent companies in the third quarter decreased year-on-year and quarter-on-quarter.
In terms of component business, In the third quarter, the company's component shipments were 15 GW, including 5.6 GW of Tiger Neo 3.0 products and 5.1 GW of high-power Tiger Neo 2 products., The shipment scale of high-efficiency products doubled compared with the second quarter. Currently, Tiger Neo 3.0 products account for about 30% of module shipments, and the company expects this proportion to increase to more than 50% next year, further improving the profitability of the module business.
In terms of energy storage business, In the third quarter, the company’s energy storage system confirmed scale was 1.75 GWh. For the first time, it achieved operating profit in a single quarter, with gross profit margin reaching 15%-20%. The company expects, Energy storage business revenue recognition will increase by nearly 100% in 2027, and plans to increase the proportion of industrial and commercial energy storage business from about 5%-10% this year to about 20%, the net profit margin of the energy storage business is expected to reach 5%-10%.
In terms of product research and development, JinkoSolar recently released Tiger Neo 5 modules based on new TAC technology, pushing the conversion efficiency of crystalline silicon cells to exceed 28%. Currently, the product has been launched in Australia, with subsequent plans to enter the Japanese and European markets, mainly targeting the high-end distributed market.
In addition, JinkoSolar stated that it will further reduce capital expenditures in the future, adopt a more prudent capacity construction strategy, and continue to invest in cutting-edge technology research and development. At the operational level, the company will focus on promoting the release of premiums for high-power products, large-scale development of energy storage business, and cost reduction and efficiency improvement.
JA Solar
On October 30, JA Solar disclosed the record of investor relations activities at the third quarter 2026 performance briefing, explaining the shipment situation, profit changes and technology and energy storage business progress in the first three quarters.
In terms of shipments, in the first three quarters of 2026,JA Solar’s battery module shipments reached 36.22 GW (including 68 MW for self-use). Among them, overseas module shipments accounted for approximately 61%.. In terms of regions, domestic shipments accounted for 39% and overseas shipments accounted for 61%, of which Europe, Asia and Oceania, America, and Africa accounted for approximately 23%, 22%, 8%, and 7% respectively.
In terms of operating performance, due to the imbalance between supply and demand of production capacity in the photovoltaic industry, intensified market competition, and continued low component prices, the company was still at a loss in the first three quarters. However, In the third quarter, the company shipped 13.97 GW of battery components, an increase of approximately 35% from the previous quarter., driving revenue growth month-on-month; At the same time, the company continues to promote cost reduction and efficiency improvement, and unit costs have declined. In the third quarter, gross profit margin has improved year-on-year and quarter-on-quarter, and the loss has narrowed compared with the previous quarter.
In terms of technology, JA Solar said that TOPCon's mass production efficiency continues to rank first in the world, the conversion efficiency of hybrid BC cell technology continues to set new records, and the proportion of high-power product shipments continues to increase.
The energy storage business builds a product system around large-scale energy storage, industrial and commercial energy storage, and residential energy storage., focusing on expanding into markets such as Europe and the Middle East, and overseas projects continued to advance during the reporting period.
Source：EnergyTrend
