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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

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

September 9, 2025
Nautilus and Summit Ridge Energy secured major financing deals to expand community solar projects across multiple US states.
September 9, 2025
The average price of solar modules sold in Europe fell marginally between July and August, while buyers’ confidence remained steady.
September 9, 2025
The US Solar Energy Industries Association (SEIA) has released a policy blueprint which it claims would “strengthen the reliability of America’s electric grid with solar and storage technologies.”
September 9, 2025
US solar tracker manufacturer Nextracker has acquired Origami Solar, a steel frame technology-focused company, for approximately US$53 million. 
September 8, 2025
Euclid Power has raised US$20 million Series A round led by Venrock to develop AI-driven platform and services for renewables. 
September 8, 2025
ClearGen has entered into a US$150 million partnership with Davis Hill to build 245MW of community and commercial solar projects in the US.

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
October 7, 2025
Manila, Philippines