Recently, JinkoSolar and Hengdian Group DMEGC Magnetics have successively released their latest investor relations activity records, disclosing information regarding industry hot topics and their respective corporate operations.
JinkoSolar
On April 1, 2026, the export tax rebate policy for photovoltaic (PV) products was officially canceled. This policy primarily affects 249 products, including silicon materials, silicon wafers, and solar cells, with the rebate rate dropping from 9% to 0%.
In response to this, JinkoSolar stated that it has consistently maintained an optimistic outlook on global PV market demand. Following the cancellation of the PV export tax rebates in the second quarter, the company's production schedule for Q2 remains relatively stable.
Regarding the recent US-Iran conflict, which has disrupted shipping in the Strait of Hormuz and driven up international oil and gas prices, JinkoSolar indicated that this might cause delays in the delivery of certain projects in the Middle East in the short term. However, from a medium-to-long-term perspective, the economic viability and safety of solar-plus-storage solutions will become even more apparent, thereby driving the long-term demand growth for clean energy.
Hengdian Group DMEGC Magnetics
Hengdian Group DMEGC Magnetics achieved steady performance growth in 2025. For the full year, the company realized a total operating revenue of 22.586 billion yuan, representing a year-on-year increase of 21.70%. The net profit excluding non-recurring gains and losses stood at 1.761 billion yuan, marking a year-on-year increase of 5.34%.
Looking at the business structure, the photovoltaic sector has emerged as the core pillar supporting this performance growth. In 2025, the company's PV business generated a revenue of 14.3 billion yuan, with module shipments surging by 45% year-on-year. The company successfully mitigated the pressures of cost and price fluctuations primarily through a differentiated product strategy and effective supply chain management.
In terms of overseas markets, impacted by the U.S. anti-dumping and countervailing duties (AD/CVD) and the "Big and Beautiful" Act (a colloquial reference to recent U.S. trade and industrial policies), the company has proactively adjusted its production capacity layout. It has shifted relevant solar cell capacity to non-U.S. markets to diversify market risks and maintain high capacity utilization rates.
On the product front, the company's 2382mm x 1134mm TOPCon modules can currently reach a power output of over 650W and are already in mass production. It is anticipated that the comprehensive rollout of these high-power modules will be completed by mid-2026.
Furthermore, the company is accelerating its expansion into the "New Energy + Computing Power" sector. By investing in and developing data centers and related infrastructure, it is actively exploring new avenues for performance growth.
Source：EnergyTrend