JinkoSolar ( (JKS) ) has shared an announcement.
JinkoSolar’s subsidiary, Jiangxi Jinko, announced its preliminary unaudited financial results for the year ending December 31, 2024, revealing a significant decline in financial performance. Revenue dropped by 21.96% to RMB92.62 billion, and net income plummeted by 98.78% to RMB90.54 million, primarily due to reduced selling prices of photovoltaic products. Despite the challenges posed by supply-demand mismatches and pricing pressures in the industry, Jiangxi Jinko maintained strong operational resilience through technological advancements and market strategies. However, factors like obsolete production capacity and a fire accident further impacted its financial outcomes.
More about JinkoSolar
JinkoSolar Holding Co., Ltd. is one of the largest and most innovative solar module manufacturers globally. The company distributes its solar products and sells its solutions and services to a diverse international customer base, including utility, commercial, and residential sectors across various countries such as China, the United States, Japan, Germany, and many others. As of September 30, 2024, JinkoSolar had over 10 production facilities worldwide and more than 20 overseas subsidiaries, with a comprehensive global sales network.
YTD Price Performance: -8.27%
Average Trading Volume: 925,305
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.23B
For detailed information about JKS stock, go to TipRanks’ Stock Analysis page.