JinkoSolar mulls listing on Shanghai’s STAR market to fuel new growth

Facebook
Twitter
LinkedIn
Reddit
Email
Image: JinkoSolar.

Leading ‘Solar Module Super League’ (SMSL) manufacturer JinkoSolar has revealed it is considering listing its principal operating subsidiary on Shanghai’s STAR Market.

In a statement issued today, Jinko said its board had approved a plan to list Jiangxi Jinko, the group’s main operating company, on the Shanghai Stock Exchange’s Sci-Tech innovation board, otherwise known as the STAR Market, within the next three years, subject to an “intragroup restructuring”.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Equity financing has been sought to support the listing, with JinkoSolar’s founders Xiande Li, Kangping Chen and Xianhua Li, as well as senior management personnel at the company, agreeing to co-invest some RMB3.1 billion (~US$458 million) in exchange for a 26.7% equity stake.

Jinko said that transaction had been negotiated at arm’s length at a valuation of RMB8.5 billion (US$1.26 billion), some 15.6% higher than JinkoSolar’s market cap at the previous trading close last week.

The transaction, subject to customary closing conditions, is expected to complete by the end of next month.

Kangpin Chen, chief executive at JinkoSolar, said listing the subsidiary on the STAR Market while maintaining JinkoSolar’s existing listing on the New York Stock Exchange would allow the company to raise its profile with investors both in China and globally, while providing it with “additional opportunities to grow in the future”.

“Listing Jiangxi Jinko on the STAR Market will enable it to access a new source of growth capital, which we believe will ultimately strengthen our leading position in the solar module industry and support our continuous growth over the long run,” he said.

News of the plan comes just months after Jinko’s project development subsidiary Jinko Power Technology listed on the Shanghai Stock Exchange, raising around US$366 million in the process.

JinkoSolar Holding Co, which is listed on the NYSE, conducts the majority of its business through two wholly-owned manufacturing operating subsidiaries in China, Jiangxi Jinko and Zhejiang Jinko.

More to follow…

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 30, 2025
US solar tracker manufacturer Nextracker recorded revenues of US$864 million and a gross margin of 32.6% in the quarter ending June 27, 2025.
July 29, 2025
US renewables developer Savion, a subsidiary of global oil giant Shell, has formed a new company to take ownership of its solar projects after development.
July 28, 2025
Australia’s Clean Energy Finance Corporation (CEFC) has announced it has invested a record AU$4.7 billion (US$3.09 billion) in large-scale renewables, energy storage, and transmission projects during the 12-month period ending 30 June 2025.
July 28, 2025
KKR has invested AU$500 million in Australia’s CleanPeak Energy to support the rollout of DERs such as rooftop solar PV and battery storage.
Premium
July 25, 2025
At the SNEC expo, Carrie Xiao took the temperature of the industry as it seeks a way out of cutthroat competition and squeezed margins.
July 25, 2025
Nautilus Solar Energy has entered a US$275 million tax equity partnership with Greenprint Capital to expand its US community solar portfolio.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK