JinkoSolar Senior Management Restructuring

Image source: Ji Mian Gallery

Ji Mian News Reporter | Ma Yueran

Leading photovoltaic company Jinko Solar (688223.SH) undergoes major leadership changes.

On the evening of March 16, Jinko Solar announced that due to work adjustments, Chen Kangping has applied to resign from his position as General Manager and from related roles in the company’s subsidiaries, and will serve as Vice Chairman in the future. The company’s former CFO, Cao Haiyun, will take over as General Manager, Board Secretary Jiang Rui has been appointed Vice General Manager, and Chang Chen has been appointed Financial Director.

That night, Jinko Solar responded to Ji Mian News, stating that Chen Kangping will continue to participate in the company’s governance. This personnel change does not involve adjustments to the actual controller or board members, and is a normal upgrade of governance and management structure.

Jinko Solar also stated that building a talent pipeline is an important part of its core competitiveness. This management adjustment reflects the company’s talent development strategy of “globalization, youthfulness, and professionalism,” aimed at energizing the management team.

Chen Kangping is the brother-in-law of Jinko Solar Chairman Li Xiande. He has served as General Manager since 2020.

He is also one of the company’s actual controllers, acting in concert with Li Xiande and Li Xianhua. Li Xiande and Li Xianhua are brothers.

Ji Mian News noted that in February this year, Chen Kangping, as President of Jinko Solar, gave an interview discussing the company’s space strategy and direction.

The 2024 annual report shows that Chen Kangping received a total pre-tax compensation of 4.3929 million yuan from Jinko Solar last year. At that time, his term was set to end on December 25, 2026.

The announcement’s biography states that Chen Kangping was born in 1973, holds a master’s degree. From 2003 to 2006, he served as CFO of Zhejiang Juhui Co., Ltd.; from 2007 to December 2022, he was a director of Jinko Solar; from December 2008 to December 2020, he was CEO of Jinko Solar Holdings Limited; since September 2014, he has been a director of Jinko Power Technology Co., Ltd.

From December 2020 to March 2026, Chen Kangping has served as General Manager of Jinko Solar; since December 2020, he has been a director of the company.

As of now, Chen Kangping does not directly hold shares in Jinko Solar, but holds shares indirectly through Jinko Solar Investment Co., Ltd., Shangrao Zhuoling No.2 Enterprise Development Center (Limited Partnership), and Shangrao Zhuoling Enterprise Development Center (Limited Partnership).

The newly appointed General Manager of Jinko Solar, Cao Haiyun, was born in 1977, holds a master’s degree, and has a strong financial background.

From July 2002 to February 2012, Cao Haiyun served as Senior Audit Manager at PricewaterhouseCoopers Zhong Tian LLP; from February 2012 to May 2021, he was CFO of Jinko Solar; from June 2017 to September 2025, he was Chairman of the Supervisory Board of Jinko Power Technology Co., Ltd.; since December 2020, he has been a director of Jinko Solar.

From May 2021 to March 2026, Cao Haiyun has served as Vice General Manager; from December 2023 to March 2026, he is the Financial Director of Jinko Solar.

As of the announcement date, Cao Haiyun does not directly hold shares in Jinko Solar but holds shares indirectly through Shangrao Jiarui Enterprise Development Center (Limited Partnership).

Between 2016 and 2019, Jinko Solar was the global leader in modules. From 2020 to 2022, this throne was taken by Longi Green Energy (601012.SH). Starting in 2023, Jinko Solar regained the top position.

In 2025, Jinko Solar experienced its first loss in 12 years.

Performance forecast shows that last year, Jinko Solar achieved total operating revenue of 65.492 billion yuan, a decrease of 29.18% year-on-year; net loss attributable to the parent company was 6.786 billion yuan, a decrease of 6959.5% year-on-year.

Jinko Solar explained that last year, photovoltaic module prices were generally low, and the proportion of high-power product shipments was still relatively low. The company also conducted impairment tests on long-term assets showing signs of impairment, resulting in asset impairment provisions, which had some impact on performance, leading to an overall operating loss for the year.

As of the close on March 16, Jinko Solar fell 3.68%, closing at 7.6 yuan per share, with a total market value of about 78 billion yuan.