FLASH: Jinko cuts Q3 loss on TOPCon upgrade

JinkoSolar Holding Co., Ltd. narrowed its third-quarter net loss to Yuan 290 million, down 71% year on year and 83% quarter on quarter. Revenue for the first nine months reached Yuan 38.34 billion, while operating cash flow was Yuan 611 million and research spending Yuan 1.417 billion. Module shipments totalled 44.64GW and energy storage deliveries 4.5GWh. The company is progressing with TOPCon 3.0 upgrades, with TAC cell efficiency exceeding 28%. Its improving product mix supports China's shift towards higher-value capacity, although overseas buyers should expect continued competition across mainstream module grades.