JinkoSolar Announces Business Highlights for the First Half of 2025

Rhea-AI Summary

JinkoSolar (NYSE:JKS), a leading global solar module manufacturer, reported strong performance for H1 2025, with module shipments reaching 41.8 GW, of which over 60% went to overseas markets. The company achieved a significant milestone by becoming the first manufacturer to deliver 350 GW of total solar modules.

JinkoSolar set new efficiency records with its N-type TOPCon technology, achieving 27.02% laboratory conversion efficiency for cells and 25.58% for modules. The company's mass-produced TOPCon cells exceeded 26.5% efficiency.

For Q3 2025, JinkoSolar expects module shipments of 20.0-23.0 GW, with full-year 2025 guidance of 85.0-100.0 GW. By year-end 2025, production capacity is projected to reach 120.0 GW for mono wafer, 95.0 GW for solar cells, and 130.0 GW for solar modules.

Positive

• Record total module shipments of 41.8 GW in H1 2025
• Achieved milestone of 350 GW total solar module deliveries
• New efficiency records: 27.02% for TOPCon cells and 25.58% for modules
• Strong production capacity expansion planned for end of 2025
• Over 60% of shipments to overseas markets, showing strong international presence

Negative

• None.

Insights

Solar Industry Analyst

JinkoSolar demonstrates industry leadership with record shipments, efficiency breakthroughs, and ambitious capacity expansion plans driving strong positioning in premium solar segments.

JinkoSolar's H1 2025 results showcase its market dominance and technological edge in the solar manufacturing sector. The 41.8 GW module shipment figure represents significant scale, with over 60% of shipments going to overseas markets, indicating strong global demand despite competitive pressures in the industry. The company's achievement of delivering 350 GW total lifetime module shipments positions it as the industry's first to reach this milestone.

The efficiency breakthroughs are particularly noteworthy. Their N-type TOPCon cells achieved a laboratory conversion efficiency of 27.02%, while their modules reached 25.58% - both exceeding previous industry benchmarks. More importantly, JinkoSolar has successfully translated lab results to mass production, with TOPCon cells exceeding 26.5% efficiency in standard production and reaching 27.1% for high-efficiency lines.

The production capacity roadmap reveals a strategic pivot toward higher-power modules. By upgrading existing TOPCon capacity, JinkoSolar expects 40-50% of total capacity to produce modules exceeding 640 Wp by year-end, with some capacity reaching 650-670 Wp by end of 2026. This positions the company to capture premium pricing in the utility-scale solar segment where higher efficiency directly translates to lower balance-of-system costs.

The Q3 guidance of 20-23 GW module shipments and full-year projection of 85-100 GW demonstrate management's confidence in sustained demand. The planned production capacity expansion to 120 GW for mono wafer, 95 GW for solar cells, and 130 GW for modules by year-end indicates JinkoSolar is investing heavily to maintain its market leadership position while preparing for continued industry growth.

SHANGRAO, China, Aug. 27, 2025 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its business highlights for the first half of 2025.

Key Business Highlights in the First Half of 2025:

• Total module shipments were 41.8 GW; over 60% of module shipments went to overseas markets.
• By June 30, 2025, we became the first module manufacturer in the world to have delivered a total of 350 GW of solar modules.
• New records in both cell and module efficiencies:182 N-type high-efficiency TOPCon cells achieved a full-area laboratory conversion efficiency of 27.02%; N-type TOPCon modules achieved a maximum laboratory conversion efficiency of 25.58%.
• Mass-produced efficiency for TOPCon cells exceeded 26.5%, with the conversion efficiency of high-efficiency series reaching 27.1%.
• We have continued to upgrade existing TOPCon capacity through technology enhancements. By June 30, 2025, we had over 20 GW of high-efficiency capacity. We anticipate that capacity with a mainstream power output of over 640 Wp will account for 40~50% of our total capacity by the end of 2025, with some capacity expected to reach power output of 650-670 Wp by the end of 2026.

Business Outlook Highlights

Third Quarter and Full Year 2025 Guidance

The Company's business outlook is based on management's current views and estimates with respect to market conditions, production capacity, the Company's order book and the global economic environment. This outlook is subject to uncertainty on final customer demand and sale schedules. Management's views and estimates are subject to change without notice.

For the third quarter of 2025, the Company expects its module shipments to be in the range of 20.0 GW to 23.0 GW.

For full year 2025, the Company estimates its module shipments to be in the range of 85.0 GW to 100.0 GW.

Solar Products Production Capacity

The Company expects its annual production capacity for mono wafer, solar cell and solar module to reach 120.0 GW, 95.0 GW and 130.0 GW, respectively, by the end of 2025.

About JinkoSolar Holding Co., Ltd. 

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, and other countries, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of June 30, 2025.

To find out more, please see: www.jinkosolar.com 

For investor and media inquiries, please contact:

In China:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com 

Mr. Rene Vanguestaine
Christensen
Tel: +86 178 1749 0483
Email: rene.vanguestaine@christensencomms.com 

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com 

View original content:https://www.prnewswire.com/news-releases/jinkosolar-announces-business-highlights-for-the-first-half-of-2025-302539915.html

SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What are JinkoSolar's (NYSE:JKS) module shipment targets for 2025?

JinkoSolar expects module shipments of 20.0-23.0 GW for Q3 2025 and 85.0-100.0 GW for full-year 2025.

What production capacity does JinkoSolar expect to reach by the end of 2025?

JinkoSolar expects to reach annual production capacity of 120.0 GW for mono wafer, 95.0 GW for solar cells, and 130.0 GW for solar modules by the end of 2025.

What efficiency records did JinkoSolar achieve in H1 2025?

JinkoSolar achieved 27.02% laboratory conversion efficiency for 182 N-type TOPCon cells and 25.58% for N-type TOPCon modules.

How many gigawatts of solar modules did JinkoSolar ship in H1 2025?

JinkoSolar shipped 41.8 GW of solar modules in H1 2025, with over 60% going to overseas markets.

What is JinkoSolar's total cumulative solar module delivery milestone?

JinkoSolar became the first module manufacturer to deliver a total of 350 GW of solar modules by June 30, 2025.