Conjugated donor–acceptor (D-A) molecular structures play a very important role in the significant progress of organic photovotaics. However, the reports on conjugated D-A porphyrin polymers for organic solar cells are very limited. In this work, five conjugated D-A porphyrin copolymers , PEZPEBT, , PEZPETPD(O), and PEZPETDPPT(O) were synthesized by Sonagashira coupling of a porphyrin donor unit with five typical acceptor units 2-dodecyl-2H-benzotriazole, benzo[1,2,5]thiadiazole, 5,6-difluoro-benzo[1,2,5]thiadiazole, 5-octyl-thieno[3,4-c]pyrrole-4,6-dione, and 3,6-bis-(thiophen-2-yl)-2,5-dioctyl-2,5-dihydro-pyrrolo[3,4-c]pyrrole-1,4-dione linked by ethynylene linkages, respectively. They possess excellent thermal stability with a decomposition temperature of around 400°C. All absorption spectra of the copolymers were significantly red shifted with enhanced Q bands at the near-infrared region both in solutions and in films due to the simultaneous introduction of ethynylene linkages and acceptor units, which make the polymer main chains coplanar and -conjugated and enhance the intramolecular charge transfer. PEZPEBT and are electrochemically active in both the oxidation and reduction regions, while , PEZPETPD(O), and PEZPETDPPT(O) show only oxidation peaks. Power conversion efficiencies of 0.12%, 0.41%, 0.26%, 0.19%, and 0.41% were achieved for the polymer solar cells based on PEZPEBTA(C12), PEZPEBT, PEZPEBTff, PEZPETPD(O), and PEZPETDPPT(O), respectively, under AM 1.5, with methanofullerene [6,6]-phenyl C61-butyric acid methyl ester () (1:2, w/w) as the active layer in the presence of 3% pyridine.