Jinko Power convertible bond conversion nears three-quarters outstanding mark

As of September 30, 2025, Jinko Power Technology Co., Ltd. has seen RMB704,275,000 of its convertible bonds converted into 128,990,925 shares, representing 4.66% of the company's total issued shares prior to conversion. In the quarter from July 1 to September 30, 2025 alone, RMB104,000 of the convertible bonds were converted, adding 20,104 shares to the company's stock.

Despite these conversions, a significant portion of the convertible bonds remains outstanding. As of the same date, RMB2,295,711,000 of the convertible bonds have yet to be converted, accounting for 76.52% of the total issued amount. The initial issue of RMB3 bn convertible bonds occurred on April 23, 2021, with an initial conversion price of RMB6.75 per share, which has since been adjusted to RMB4.50 per share following various equity distributions and a downward price correction on September 25, 2025.

The total share capital of Jinko Power Technology stood at 3,570,993,975 shares as of September 30, 2025, reflecting the recent conversions.