SHARE BASED COMPENSATION (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| SHARE BASED COMPENSATION |
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| Summary of stock option activity |
A summary of the share option activities under the Company’s share-based compensation plan for the years ended December 31, 2023, 2024 and 2025 is as follows (RMB in thousands, except for share, exercise price and contractual term): | | | | | | | | | | | Number of | | | | Weighted-average | | | | | option | | Weighted-average | | remaining | | Aggregate | | | outstanding | | exercise price | | contractual term | | intrinsic value | | | | | (USD/share) | | (in years) | | (RMB) | Balance as of December 31, 2022 | | 172,000 | | 3.96 | | 2.69 | | 8,305 | Exercise | | — | | — | | — | | — | Balance as of December 31, 2023 | | 172,000 | | 3.96 | | 1.68 | | 7,157 | Exercise | | (158,000) | | 3.29 | | — | | — | Balance as of December 31, 2024 | | 14,000 | | 3.29 | | 0.68 | | 296 | Exercise | | — | | — | | — | | — | Balance as of December 31, 2025 | | 14,000 | | 3.29 | | 0.35 | | 310 | | | | | | | | | | Vested as of December 31, 2025 | | 14,000 | | 3.29 | | 0.35 | | 310 | Vested and exercisable as of December 31, 2025 | | 14,000 | | 3.29 | | 0.35 | | 310 |
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| Summary of restricted shares |
| | | | | | | Number of restricted shares | | Weighted average grant | | | outstanding | | date fair value | | | | | (RMB) | Unvested as of December 31, 2022 | | 6,814,460 | | 72.38 | Granted | | 20,800,000 | | 68.87 | Vested | | (10,671,778) | | 70.00 | Unvested as of December 31, 2023 | | 16,942,682 | | 69.57 | Vested | | (7,969,288) | | 70.21 | Forfeited | | (130,212) | | 70.60 | Unvested as of December 31, 2024 | | 8,843,182 | | 68.63 | Vested | | (3,768,928) | | 69.98 | Unvested as of December 31, 2025 | | 5,074,254 | | 67.62 |
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| Schedule of total share-based compensation expense of continuing operations |
The total share-based compensation expense recognised/ (reversal) of continuing operations for the year ended December 31, 2023, 2024 and 2025 was recorded in the respective items (RMB in thousands): | | | | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Costs of revenues | | 1,734 | | (8,389) | | — | Selling expenses | | 28,439 | | (3,010) | | — | General and administrative expenses | | 825,688 | | 377,977 | | 225,727 | Research and development expenses | | 6,781 | | (826) | | — | Total | | 862,642 | | 365,752 | | 225,727 |
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| Jinko Solar Co., Ltd. ("Jiangxi Jinko") |
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| SHARE BASED COMPENSATION |
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| Summary of stock option activity |
A summary of share option activities under the Jiangxi Jinko 2022 Plan for the years ended December 31, 2023,2024 and 2025 is as follows (RMB in thousands, except for share, exercise price and contractual term): | | | | | | | | | | | Number of | | | | Weighted-average | | | | | option | | Weighted-average | | remaining | | Aggregate | | | outstanding | | exercise price | | contractual term | | intrinsic value | | | | | (RMB/share) | | (in years) | | (RMB) | Balance as of December 31, 2022 | | 32,149,900 | | 8.81 | | 2.89 | | 187,755 | Exercise | | (5,193,983) | | 8.72 | | — | | — | Forfeited | | (7,576,422) | | 8.72 | | — | | — | Balance as of December 31, 2023 | | 19,379,495 | | 8.72 | | 2.28 | | 2,713 | Forfeited | | (12,499,517) | | 8.50 | | — | | — | Balance as of December 31, 2024 | | 6,879,978 | | 8.50 | | 0.79 | | — | Forfeited | | (6,879,978) | | 8.50 | | — | | — | Balance as of December 31, 2025 | | — | | — | | — | | — | | | | | | | | | | Vested and expected to vest as of December 31, 2025 | | — | | — | | — | | — | Vested and exercisable as of December 31, 2025 | | — | | — | | — | | — |
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