The earnings call highlighted technological advancements and improved financial metrics such as gross margin and net income. However, significant challenges remain, including a year-over-year revenue decline, increased operating expenses, and a rise in debt. The sentiment is mixed, with both positive developments and ongoing industry pressures.

Company Guidance

In the third quarter of 2024, JinkoSolar provided guidance on several financial and operational metrics during their earnings call. They reported total revenue of approximately $3.5 billion, reflecting a 2% sequential increase but a 23% year-over-year decrease, primarily attributed to fluctuating average selling prices (ASP) of solar modules. Gross margin improved to 15.7%, up from 11.1% in the previous quarter, while net income attributed to ordinary shareholders was $3.2 million, with an adjusted figure of $14.8 million after accounting for various financial impacts. Total shipments for the quarter were 25.9 gigawatts, with 60% directed overseas and a significant portion, about 15% to 18%, shipped to the U.S. market. The company also projected module shipments for the full year to range between 90 to 100 gigawatts, and between 22.3 to 32.3 gigawatts for the fourth quarter. Additionally, JinkoSolar’s cash and cash equivalents stood at about $3.2 billion, with total debt amounting to $5.23 billion.

Increased Gross Margin and Net Income

Gross margin was 15.7%, and net income was USD 3.2 million, showing a significant sequential improvement.

Technological Advancements

Mass-produced efficiency for N-type TOPCon cells improved to approximately 26.2%. The company also launched the next-generation TOPCon technology solar panel named Tiger Neo 3.0.

Strong Module Shipments and Market Position

Total shipments were 25.9 gigawatts in the third quarter, with module shipments accounting for 92%. JinkoSolar maintained its leading global position in module shipments.

Participation in Climate Initiatives

JinkoSolar participated in the 2024 New York Climate Week and launched the English version of its first climate white paper.

Recognition and Awards

The company topped the PV Tech 2024 Q3 Module Tech Bankability Report with a AAA rating and was recognized as a Tier 1 manufacturer by Bloomberg for its performance in the Energy Storage sector.

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JinkoSolar (JKS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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JKS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 07, 2025	2024 (Q4)	-0.24 / -	8.722	―	―	―
Oct 30, 2024	2024 (Q3)	-0.71 / 0.07	3.318	-97.88% (-3.25)
Aug 30, 2024	2024 (Q2)	-0.15 / 0.24	3.497	-93.10% (-3.26)
Apr 29, 2024	2024 (Q1)	0.10 / 1.16	2.193	-47.27% (-1.04)
Mar 20, 2024	2023 (Q4)	2.49 / 1.20	1.957	-38.92% (-0.76)
Oct 30, 2023	2023 (Q3)	1.44 / 3.32	0.376	783.65% (+2.94)
Aug 14, 2023	2023 (Q2)	1.57 / 3.50	-0.432	910.03% (+3.93)
Apr 28, 2023	2023 (Q1)	0.47 / 2.19	0.082	2566.83% (+2.11)
Mar 10, 2023	2022 (Q4)	1.12 / 1.96	0.585	234.35% (+1.37)
Oct 28, 2022	2022 (Q3)	0.67 / 0.38	0.044	758.93% (+0.33)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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JKS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$24.16	$25.35	+4.93%
Aug 30, 2024	$18.10	$19.14	+5.75%
Apr 29, 2024	$22.36	$22.92	+2.50%
Mar 20, 2024	$24.50	$23.06	-5.88%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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