JinkoSolar Holding Co., Ltd.
NYSE•JKS
CEO: Mr. Xiande Li
Sector: Energy
Industry: Solar
Listing Date: 2010-05-14
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of December 31, 2023, it had an integrated annual capacity of 85 gigawatts (GW) for mono wafers; 90 GW for solar cells; and 110 GW for solar modules. It operates in China, the United States, Mexico, Australia, Japan, the United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, Germany, and internationally. JinkoSolar Holding Co., Ltd. was founded in 2006 and is headquartered in Shangrao, the People's Republic of China.
Contact Information
1 Yingbin Road, Shangrao Economic Development Zone, Shangrao, 334100, China
86-79-3858-8188
Market Cap
$278.02M
P/E (TTM)
-0.4
0
Dividend Yield
5.9%
52W High
$31.88
52W Low
$16.16
52W Range
Rank33Top 25.7%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$2.44B+0.00%
4-Quarter Trend
EPS
-$15.94+0.00%
4-Quarter Trend
FCF
$0.00+0.00%
4-Quarter Trend
2024 Annual Earnings Highlights
Key Highlights
2024 Revenue Decline Total revenues decreased 22.3% to RMB 92.26B in 2024, driven by module average selling price drop.
Gross Margin Compression Gross profit fell 47.4% to RMB 10.06B; gross margin compressed from 16.0% in 2023 to 10.9% in 2024.
Module Shipments Increased Solar module shipments grew 18.3% to 92.9 GW in 2024, showing volume resilience despite ASP pressure.
Strong Cash Position Cash, cash equivalents, and restricted cash totaled RMB 27.74B as of December 31, 2024, supporting liquidity.
Risk Factors
Module Pricing Pressure Module ASP decline caused 47.4% gross profit drop; margins compressed significantly, impacting profitability.
PRC Regulatory Uncertainty Evolving PRC laws regarding overseas listings impose uncertainty on future capital raising activities and operations.
Inventory Valuation Risk Recorded RMB 1.12B inventory provision in 2024 due to continued decreases in solar power product prices.
Legal Settlement Costs Finalized Singapore arbitration in 2024, agreeing to pay US$31.0M in compensation, impacting results.
Outlook
Saudi Arabia Manufacturing JV Formed JV to build 10 GW local cell/module facility in Saudi Arabia, expected operational in H2 2026.
Share Repurchase Extension Extended share repurchase program through June 30, 2026, increasing aggregate value to US$350 million.
R&D Efficiency Breakthrough Achieved 33.84% efficiency record for perovskite-silicon tandem cells in 2024, advancing core technology.
Capital Commitment for Expansion RMB 12.11B capital commitments planned for additional manufacturing equipment and capacity expansion.
Peer Comparison
Revenue (TTM)
$9.06B
$791.47M
$570.80M
Gross Margin (Latest Quarter)
44.5%
36.4%
35.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| OBE | $937.59M | 36.4 | 2.5% | 11.6% |
| FET | $731.15M | -74.9 | -3.1% | 30.8% |
| WTI | $665.78M | -4.4 | 107.6% | 36.7% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
8.6%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Deep Research
Next earnings:May 5, 2026
EPS:-$1.03
|Revenue:$2.03B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data