| Schedule of related party balances |
| | | | | | | 2024 | | 2025 | | | December 31 | | December 31 | | | RMB | | RMB | Accounts receivable from a related party: | | | | | Accounts receivable from JinkoPower for sales of solar modules and others | | 436,706 | | 175,403 | | | | | | Notes receivables from a related party: | | | | | Notes receivables from JinkoPower | | 108,638 | | 894 | | | | | | Advances to related parties: | | | | | Advance to Sichuan Yongxiang for inventory purchase | | 203,056 | | — | Advance to Xinte Silicon for inventory purchase | | — | | 1,188 | Subtotal | | 203,056 | | 1,188 | | | | | | Prepayment and other receivables from related parties: | | | | | Prepayments to JinkoPower for outsourcing services | | 5,846 | | — | Other receivables due from JinkoPower for disposal of solar power projects | | 19,472 | | — | Other receivables for payment on behalf of Jinkosolar Energy | | — | | 7,171 | Other receivables due from Sweihan | | 1,561 | | — | Other receivables from JinkoPower for miscellaneous transactions | | 2,938 | | 1,661 | Subtotal | | 29,817 | | 8,832 | | | | | | Other assets from related parties: | | | | | Long-term receivables due from Sweihan PV for long term deposit | | 16,960 | | — | Long-term receivables due from Photon Energy for disposal of Sweihan and long - term deposit | | — | | 58,483 | Subtotal | | 16,960 | | 58,483 | | | | | | Accounts payable due to related parties: | | | | | Accounts payable due to Sichuan Yongxiang for inventory purchase | | — | | 101 | Accounts payable due to Xinte Silicon for inventory purchase | | — | | 73,192 | Accounts payable due to Zhejiang New Materials for inventory purchase | | — | | 62,909 | Subtotal | | — | | 136,202 | | | | | | Notes payables due to related parties | | | | | Notes payables due to Sichuan Yongxiang for inventory purchase | | 380,269 | | 76,261 | Notes payables due to Xinte Silicon for inventory purchase | | — | | 273,247 | Subtotal | | 380,269 | | 349,508 | | | | | | Other payables due to a related party: | | | | | Other payables due to JinkoPower for payments on behalf of the Company | | 11,069 | | 13,174 |
Balances due to related parties are interest-free, not collateralized, and have no definitive repayment terms.
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| Schedule of transactions with related parties |
Transactions related parties for the year ended December 31, 2023, 2024 and 2025 were as follows (RMB in thousands): | | | | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Revenue from sales of products and providing services to related parties | | | | | | | Revenue from sales of products to JinkoPower | | 353,420 | | 390,339 | | 44,017 | Income of project management service provided to Sweihan PV | | 3,931 | | 1,286 | | — | Rental services provided to JinkoPower | | 11,590 | | 13,245 | | 12,302 | Management service provided to Sichuan Yongxiang | | — | | 350 | | — | Subtotal | | 368,941 | | 405,220 | | 56,319 | | | | | | | | Service expenses and silicon procurement provided by related parties | | | | | | | Management service provided by JinkoPower | | 16,400 | | 19,931 | | 13,996 | Electricity fee charged by JinkoPower | | 119,352 | | 118,908 | | 84,470 | Silicon procurement from Xinte Silicon (Note 14) | | 1,537,073 | | 421,354 | | 234,332 | Silicon procurement from Sichuan Yongxiang (Note 14) | | — | | 595,558 | | 301,942 | Silicon procurement from Zhejiang New Materials(Note 14) | | — | | — | | 80,712 | Other fees charged by JinkoPower | | 5,109 | | (2,640) | | — | Equipment procurement from JinkoPower | | — | | — | | 5,639 | Subtotal | | 1,677,934 | | 1,153,111 | | 721,091 | | | | | | | | Disposal of equity investment to a related party | | | | | | | Disposal of Sweihan to Photon Energy(Note 14) | | — | | — | | 85,116 |
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