JinkoSolar Announces Second Quarter 2026 Financial Results
Rhea-AI Summary
JinkoSolar (NYSE:JKS) reported unaudited second quarter 2026 results with solar module shipments of 15,961 MW, up 16.7% sequentially but down 34.4% year-over-year. Total revenues were RMB12.36 billion, up 0.9% quarter-over-quarter and down 31.3% year-over-year, mainly reflecting shipment changes.
Gross profit was RMB513.1 million with a gross margin of 4.2%, below 8.3% in Q1 2026 but above 2.9% in Q2 2025. Net loss attributable to shareholders was RMB697.3 million, and adjusted net loss was RMB910.8 million. Cumulative module deliveries exceeded 420 GW, including over 250 GW of Tiger Neo. The company realized over RMB300 million cash from divesting part of LAPLACE and recorded a RMB236.6 million pre-tax gain from disposing 75.1% of its U.S. subsidiary. JinkoSolar guides 2026 module shipments to 60–70 GW and expects Q3 2026 shipments of 15–17 GW, targeting about 100 GW integrated capacity and over 40 GW TOPCon 3.0 capacity by year-end 2026.
Positive
- Q2 2026 module shipments 15,961 MW, up 16.7% quarter-over-quarter
- Cumulative module deliveries surpassed 420 GW, including >250 GW Tiger Neo series
- Energy storage system shipments and gross margin increased year-over-year in H1 2026
- Q2 2026 gross margin 4.2% vs 2.9% in Q2 2025
- Gain from change in fair value of long-term investment RMB370.3 million in Q2 2026
- Pre-tax gain from disposal of 75.1% of Jinko Solar (U.S.) Industries RMB236.6 million
- Divestment of LAPLACE stake generated >RMB300 million cash proceeds in H1 2026
- 2026 module shipment guidance set at 60–70 GW, Q3 2026 at 15–17 GW
Negative
- Q2 2026 revenues RMB12.36 billion, down 31.3% year-over-year
- Q2 2026 module shipments down 34.4% year-over-year
- Q2 2026 gross profit RMB513.1 million, down 49.6% quarter-over-quarter
- Q2 2026 operating loss RMB1.44 billion, operating loss margin 11.6%
- Net loss attributable to shareholders RMB697.3 million in Q2 2026
- Adjusted net loss attributable to shareholders RMB910.8 million in Q2 2026
- Total operating expenses RMB1.95 billion, up 21.3% quarter-over-quarter
- Net exchange loss RMB325.4 million and net interest expense RMB273.3 million in Q2 2026
News Explained
The closed U.S. sale leaves JinkoSolar with 24.9% accounted for outside consolidated results after receiving RMB1.31 billion.
The
The retained
The quarter therefore combined a continuing operating loss with the disposal gain: operating loss was
Market reaction after 2Q26 earnings report: JKS -3.85%
Following this news, JKS has declined 3.85%, reflecting a moderate negative market reaction. Argus tracked a trough of -7.8% from its starting point during tracking. Our momentum scanner has triggered 2 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $14.90. Trading volume is exceptionally heavy at 26.7x the average, suggesting significant selling pressure.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 29 | Q1 2026 earnings | Negative | -3.7% | Revenue and shipments declined, with a RMB463.5 million shareholder net loss. |
| Apr 16 | Q4/FY2025 earnings | Negative | -11.9% | Quarterly and annual losses accompanied sharply lower gross margins. |
| Feb 27 | FY2025 subsidiary results | Negative | -4.4% | Jiangxi Jinko reported a preliminary RMB6.79 billion shareholder net loss. |
| Jan 21 | FY2025 loss estimate | Negative | -2.3% | The subsidiary estimated RMB5,900 million to RMB6,900 million shareholder losses. |
| Nov 17 | Q2/Q3 2025 earnings | Neutral | +13.1% | Q3 reported a RMB749.8 million shareholder loss alongside shipment and technology milestones. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings history showed a predominantly negative response: four of five events aligned with negative earnings outcomes, while the series average was -1.84%.
Key Terms
energy storage system technical
fair value financial
operating loss margin financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SHANGRAO,
Second Quarter 2026 Business Highlights
Core Solar and Energy Storage Business Highlights
- Total module shipments for the first half of 2026 were 29.6 GW, with approximately
70% shipped to overseas markets. - By the end of the second quarter, we became the first module manufacturer in the world to have delivered a total of over 420 GW of solar modules, with total shipments of the Tiger Neo series surpassing 250 GW, making it the best-selling module series in our history.
- In June 2026, we set new performance benchmarks for our TOPCon modules with the launch of the next-generation Tiger Neo 5.0 module, featuring power output of over 700 W and module efficiency of up to
25.91% . - Shipments of energy storage system for the first half of 2026 increased significantly year-over-year, accompanied by an expansion in gross margin.
Strategic Investment Highlights
- During the second quarter, the Company, together with investment funds in which it participates, completed strategic investments across 13 projects in renewable energy, advanced materials, AI, and other frontier technologies.
- During the first half of 2026, the Company disposed of a substantial portion of its equity interest in LAPLACE Renewable Energy Technology Co., Ltd., generating over
RMB300 million in cash proceeds. Since our initial investment, the cumulative realized gain on this disposal (net of cost and transaction fees) exceededRMB250 million . This gain was recognized over multiple periods through fair value adjustments following its IPO in late 2024, with overRMB100 million recorded in change in fair value of long-term investment upon settlement in the first half of 2026. - Additionally, our portfolio company, Hangzhou Gold Electronic Equipment Co., Ltd., successfully completed its public listing during the second quarter, marking an important milestone in the development of our strategic investment portfolio.
Second Quarter 2026 Operational and Financial Highlights
- Quarterly shipments of solar modules were 15,961 MW, up
16.7% sequentially and down34.4% year-over-year. - Total revenues were
RMB12.36 billion (US ), up$1.82 billion 0.9% sequentially and down31.3% year-over-year. - Gross profit was
RMB 513.1 million (US ), down$75.6 million 49.6% sequentially and2.5% year-over-year. - Gross profit margin was
4.2% , compared with gross profit margin of8.3% in Q1 2026 and gross profit margin of2.9% in Q2 2025. - Net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was
RMB697.3 million (US ), compared with net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of$102.8 million RMB463.5 million in Q1 2026 and net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders ofRMB876.4 million in Q2 2025. - Adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was
RMB910.8 million (US ), which excludes the impact of (i) the change in fair value of long-term investment, (ii) gain from disposal of a subsidiary, and (iii) share-based compensation expenses, compared with adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of$134.2 million RMB549.3 million in Q1 2026 and adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders ofRMB856.4 million in Q2 2025. - Basic and diluted losses per ordinary share were
RMB3.30 (US ) and$0.49 RMB3.30 (US ), respectively. This translates into basic and diluted losses per ADS of$0.49 RMB13.19 (US ) and$1.94 RMB13.19 (US ), respectively.$1.94
Mr. Dimi Du, JinkoSolar's Chief Executive Officer, commented, "Module shipments increased sequentially to approximately 16 GW during the quarter, bringing first half module shipments to approximately 29.6 GW, once again at the forefront of industry. By the end of the second quarter, cumulative shipments of our high-efficiency N-type Tiger Neo series surpassed 250 GW, making it the best-selling module series in our history. Leveraging a sales network covering nearly 200 countries and regions and 35 service centers globally, shipments to overseas markets accounted for around
The PV industry is gradually shifting its focus from production capacity and shipment scale toward effective supply, product value, and earnings quality. The mandatory national energy efficiency standard for modules and inverters, released in July 2026, will take effect in January 2027 and sets minimum energy efficiency thresholds for market access. We are already seeing this shift in customer behavior, with the share of tenders for high-efficiency modules increasing significantly which also command a premium. The distributed PV market is likewise transitioning from scale-driven growth toward scenario-based and operational value. We believe these changes will benefit industry leaders such as ourselves, allowing us to capitalize on our advanced manufacturing capacity, technological expertise, established brands and global delivery capabilities.
We expect to have more than 40 GW of TOPCon 3.0 production capacity by the end of 2026. Based on the current standard requirements, the relevant products are expected to meet the Level 1 energy-efficiency requirements. In June, we unveiled our next-generation Tiger Neo 5.0 modules, which, through the optimization of multiple core technologies, achieved mass-produced efficiency of
Our energy storage systems (ESS) business maintained its momentum, with shipments in the first half of the year increasing significantly year-over-year and gross margin improving year-over-year. Given uncertainties in the timing of project delivery and other factors, recognized revenue remains in the ramp-up stage. As project deliveries increase, alongside the ongoing enhancement of our proprietary PCS, EMS and other capabilities, we expect to improve the recognition contribution and profit realization and to drive higher-quality growth in this business.
Alongside our core businesses, we are building an investment platform as a complementary driver of long-term value creation.
Over the past several years, we have made selective investments in more than 40 projects through direct investments and investment funds in which we participate, initially focusing on the solar and energy storage value chains and more recently extending into AI and other frontier technologies. During the first half of 2026, we divested a substantial portion of our equity interest in LAPLACE Renewable Energy Technology Co., Ltd., generating cash proceeds of over
Looking ahead, we expect our annual integrated production capacity to reach approximately 100 GW by year-end 2026, including approximately 14 GW from overseas facilities. Considering demand dynamics in certain markets, we will place greater emphasis on balancing shipment volume, profitability, cash flow and order quality, and are adjusting our full year 2026 module shipment guidance to between 60 GW and 70 GW, with high-efficiency products accounting for over
Second Quarter 2026 Financial Results
Total Revenues
Total revenues in the second quarter of 2026 were
Gross Profit and Gross Margin
Gross profit in the second quarter of 2026 was
Gross profit margin was
Loss from Operations and Operating Margin
Loss from operations in the second quarter of 2026 was
Operating loss margin was
Total operating expenses in the second quarter of 2026 were
Total operating expenses accounted for
Interest Expenses and Interest Income
Interest expenses were
Net interest expenses in the second quarter of 2026 were
Subsidy Income
Subsidy income in the second quarter of 2026 was
Exchange Loss/Gain
The Company recorded a net exchange loss of
Change in Fair Value of Forward Contracts and Commodity Futures
The Company recorded a net loss from change in fair value of forward contracts and commodity futures of
Change in Fair Value of Long-term Investment
The Company holds certain equity interests in several companies operating across the photovoltaic, energy storage, and artificial intelligence sectors, which are recorded as long-term investment and available-for-sale securities and reported at fair value with changes in fair value recognized as gains or losses. As of June 30, 2026, the Company had
The Company recognized a gain from change in fair value of long-term investment of
Other Loss/Income, Net
Net other loss in the second quarter of 2026 was
Gain from disposal of a subsidiary
On May 31, 2026, we completed the transfer of
Equity in Loss of Affiliated Companies
The Company indirectly holds equity interests in several affiliated companies engaged in solar business, which are accounted for using the equity method. The Company recorded equity in loss of affiliated companies of
Income Tax Benefit
The Company recorded an income tax benefit of
Net Loss Attributable to Non-Controlling Interests
Net loss attributable to non-controlling interests amounted to
Net Loss and Losses per Share
Net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was
Excluding the impact of (i) the change in fair value of the long-term investment, (ii) gain from disposal of a subsidiary, and (iii) share-based compensation expenses, adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was
Basic and diluted losses per ordinary share were
Financial Position
As of June 30, 2026, the Company had
As of June 30, 2026, the Company's net accounts receivable was
As of June 30, 2026, the Company's inventories were
As of June 30, 2026, the Company's total interest-bearing debts were
Operations and Business Outlook Highlights
Third Quarter and Full Year 2026 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 2026, the Company expects its module shipments to be in the range of 15.0 GW to 17.0 GW.
Taking into account changes in demand in certain markets, as well as the Company's increased focus on balancing shipment volume with profitability, cash flow and order quality, the Company now expects its full-year 2026 module shipments to be in the range of 60.0 GW to 70.0 GW.
For full year 2026, the Company expects its ESS shipments to be more than doubled year-over-year.
Solar Products Production Capacity
The Company expects its annual integrated production capacity to reach approximately 100 GW, including approximately 14 GW from overseas facilities, by the end of 2026.
Recent Business Developments
- In June 2026, JinkoSolar's board of directors declared a cash dividend of
US per ordinary share of$0.375 US each of the Company, or$0.00002 US per ADS.$1.50 - In June 2026, JinkoSolar was recognized as an Overall Highest Achiever in the 2026 PV Module Index (PVMI) Report, published by RETC, part of the VDE Group.
- In June 2026, JinkoSolar's Tiger Neo 3.0 modules achieved TÜV Rheinland's "A+ Shading Score" under the PfG 2926/05.25 test methodology, while also successfully completing advanced hail resistance verification according to VKF standards.
Conference Call Information
JinkoSolar's management will host an earnings conference call on Wednesday, August 26, 2026 at 8:30 a.m.
Please register in advance of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique access PIN by a calendar invite.
Participant Online Registration: https://s1.c-conf.com/diamondpass/10056808-i852sd.html
It will automatically direct you to the registration page of "JinkoSolar Second Quarter 2026 Earnings Conference Call", where you may fill in your details for RSVP.
In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.
A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59
International: | +61 7 3107 6325 |
+1 855 883 1031 | |
Passcode: | 10056808 |
Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar's website at http://www.jinkosolar.com.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in clean energy technology. 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 production 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, 2026.
To find out more, please see: www.jinkosolar.com
Currency Convenience Translation
The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the readers, is based on the noon buying rates in the city of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of June 30, 2026, which was RMB6.7851 to US
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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. Christian Arnell
Christensen
Tel: +852 2117 0861
Email: christian.arnell@christensencomms.com
In the U.S.:
Email: jinko@christensencomms.com
JINKOSOLAR HOLDING CO., LTD. | |||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||
(in thousands, except ADS and Share data) | |||||||||||||
For the quarter ended | For the six months ended | ||||||||||||
Jun 30, 2025 | Mar 31, 2026 | Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2026 | |||||||||
RMB'000 | RMB'000 | RMB'000 | USD'000 | RMB'000 | RMB'000 | USD'000 | |||||||
Revenues | 17,988,725 | 12,249,048 | 12,356,951 | 1,821,189 | 31,832,365 | 24,605,999 | 3,626,476 | ||||||
Cost of revenues | (17,462,264) | (11,230,471) | (11,843,858) | (1,745,569) | (31,658,778) | (23,074,329) | (3,400,735) | ||||||
Gross profit | 526,461 | 1,018,577 | 513,093 | 75,620 | 173,587 | 1,531,670 | 225,741 | ||||||
Operating expenses: | |||||||||||||
Selling and marketing | (1,227,267) | (901,688) | (939,426) | (138,454) | (2,372,678) | (1,841,114) | (271,347) | ||||||
General and administrative | (401,761) | (476,564) | (767,565) | (113,125) | (1,616,826) | (1,244,129) | (183,362) | ||||||
Research and development | (251,598) | (228,483) | (231,363) | (34,099) | (403,400) | (459,846) | (67,773) | ||||||
Impairment of long-lived assets | (24,536) | - | (11,145) | (1,643) | (24,536) | (11,145) | (1,643) | ||||||
Total operating expenses | (1,905,162) | (1,606,735) | (1,949,499) | (287,321) | (4,417,440) | (3,556,234) | (524,125) | ||||||
Loss from operations | (1,378,701) | (588,158) | (1,436,406) | (211,701) | (4,243,853) | (2,024,564) | (298,384) | ||||||
Interest expenses | (332,800) | (380,636) | (386,897) | (57,022) | (674,403) | (767,533) | (113,120) | ||||||
Interest income | 145,540 | 109,887 | 113,621 | 16,746 | 249,869 | 223,508 | 32,941 | ||||||
Subsidy income | 12,033 | 331,911 | 201,820 | 29,745 | 547,990 | 533,731 | 78,662 | ||||||
Exchange gain/(loss),net | 276,686 | (482,808) | (325,367) | (47,953) | 412,371 | (808,175) | (119,110) | ||||||
Change in fair value of forward | (178,816) | (354,718) | (48,414) | (7,136) | (232,779) | (403,132) | (59,414) | ||||||
Change in fair value of Long-term | 42,301 | 124,426 | 370,308 | 54,577 | (3,855) | 494,734 | 72,915 | ||||||
Other (loss)/income, net | (204,748) | 34,862 | (23,880) | (3,519) | (384,110) | 10,982 | 1,619 | ||||||
Gain from disposal of a subsidiary | - | - | 236,585 | 34,868 | - | 236,585 | 34,868 | ||||||
Loss before income taxes | (1,618,505) | (1,205,234) | (1,298,630) | (191,395) | (4,328,770) | (2,503,864) | (369,023) | ||||||
Income tax benefits | 288,768 | 379,259 | 163,675 | 24,123 | 988,247 | 542,935 | 80,019 | ||||||
Equity in loss of affiliated companies | (70,873) | (54,470) | (78,621) | (11,587) | (116,946) | (133,090) | (19,615) | ||||||
Net loss | (1,400,610) | (880,445) | (1,213,576) | (178,859) | (3,457,469) | (2,094,019) | (308,619) | ||||||
Less: Net loss attributable to non- | 546,626 | 449,376 | 569,946 | 84,000 | 1,302,680 | 1,019,322 | 150,229 | ||||||
Less: Accretion to redemption value | (22,438) | (32,445) | (53,623) | (7,903) | (40,512) | (86,068) | (12,685) | ||||||
Net loss attributable to JinkoSolar | (876,422) | (463,514) | (697,253) | (102,762) | (2,195,301) | (1,160,765) | (171,075) | ||||||
Net (loss)/income attributable to | |||||||||||||
Basic | (4.20) | (2.21) | (3.30) | (0.49) | (10.59) | (5.52) | (0.81) | ||||||
Diluted | (4.20) | (2.21) | (3.30) | (0.49) | (10.59) | (5.52) | (0.81) | ||||||
Net (loss)/income attributable to | |||||||||||||
Basic | (16.82) | (8.85) | (13.19) | (1.94) | (42.34) | (22.06) | (3.25) | ||||||
Diluted | (16.82) | (8.85) | (13.19) | (1.94) | (42.34) | (22.06) | (3.25) | ||||||
Weighted average ordinary shares | |||||||||||||
Basic | 208,496,117 | 209,480,753 | 211,435,343 | 211,435,343 | 207,378,908 | 210,463,447 | 210,463,447 | ||||||
Diluted | 208,496,117 | 209,480,753 | 211,435,343 | 211,435,343 | 207,378,908 | 210,463,447 | 210,463,447 | ||||||
Weighted average ADS outstanding: | |||||||||||||
Basic | 52,124,029 | 52,370,188 | 52,858,836 | 52,858,836 | 51,844,727 | 52,615,862 | 52,615,862 | ||||||
Diluted | 52,124,029 | 52,370,188 | 52,858,836 | 52,858,836 | 51,844,727 | 52,615,862 | 52,615,862 | ||||||
JINKOSOLAR HOLDING CO., LTD. | |||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||
(in thousands) | |||||
Dec 31, 2025 | Jun 30, 2026 | ||||
RMB'000 | RMB'000 | USD'000 | |||
ASSETS | |||||
Current assets: | |||||
Cash,cash equivalents, and restricted cash | 22,938,381 | 16,941,252 | 2,496,831 | ||
Restricted short-term investments and short-term investments | 7,487,415 | 8,766,415 | 1,292,009 | ||
Accounts receivable, net | 13,587,215 | 12,606,756 | 1,858,006 | ||
Notes receivable, net | 3,677,372 | 1,778,508 | 262,120 | ||
Advances to suppliers, net | 1,325,633 | 1,322,526 | 194,916 | ||
Inventories, net | 14,484,828 | 16,473,187 | 2,427,847 | ||
Forward contract and commodity future receivables | 58,923 | 103,535 | 15,259 | ||
Prepayments and other current assets, net | 4,909,826 | 5,609,364 | 826,718 | ||
Held-for-sale assets | 344,553 | 128,848 | 18,990 | ||
Total current assets | 68,814,146 | 63,730,391 | 9,392,696 | ||
Non-current assets: | |||||
Restricted long-term investments | 471,573 | 1,026,402 | 151,273 | ||
Long-term investments | 1,441,683 | 3,934,684 | 579,900 | ||
Property, plant and equipment, net | 36,644,813 | 35,764,854 | 5,271,087 | ||
Land use rights, net | 2,140,953 | 2,014,358 | 296,880 | ||
Intangible assets, net | 445,866 | 397,248 | 58,547 | ||
Right-of-use assets, net | 3,617,900 | 3,612,536 | 532,422 | ||
Deferred tax assets | 4,576,302 | 4,418,390 | 651,190 | ||
Advances to suppliers to be utilised beyond one year | 605,525 | 717,178 | 105,699 | ||
Other assets, net | 2,026,752 | 2,210,857 | 325,840 | ||
Available-for-sale securities-non-current | 238,464 | 690,911 | 101,828 | ||
Total non-current assets | 52,209,831 | 54,787,418 | 8,074,666 | ||
Total assets | 121,023,977 | 118,517,809 | 17,467,362 | ||
LIABILITIES | |||||
Current liabilities: | |||||
Accounts payable | 13,707,552 | 13,354,154 | 1,968,159 | ||
Notes payable | 9,996,577 | 8,250,801 | 1,216,017 | ||
Accrued payroll and welfare expenses | 2,645,041 | 1,924,052 | 283,570 | ||
Advances from customers | 5,316,889 | 6,337,166 | 933,983 | ||
Income tax payables | 177,580 | 262,355 | 38,666 | ||
Other payables and accruals | 12,370,639 | 12,439,840 | 1,833,403 | ||
Forward contract and commodity future payables | 56,129 | 72,487 | 10,683 | ||
Lease liabilities - current | 118,363 | 38,659 | 5,698 | ||
Short-term borrowings, including current portion of long-term | 10,655,366 | 13,624,605 | 2,008,018 | ||
Total current liabilities | 55,044,136 | 56,304,119 | 8,298,197 | ||
Non-current liabilities: | |||||
Long-term borrowings | 18,206,905 | 15,135,046 | 2,230,630 | ||
Convertible notes | 10,594,637 | 8,876,294 | 1,308,204 | ||
Accrued warranty costs - non current | 1,655,630 | 1,554,913 | 229,166 | ||
Lease liabilities-noncurrent | 3,550,598 | 3,781,246 | 557,287 | ||
Deferred tax liability | 29,974 | 114,072 | 16,812 | ||
Long-term Payables | 4,371,333 | 3,921,737 | 577,993 | ||
Total non-current liabilities | 38,409,077 | 33,383,308 | 4,920,092 | ||
Total liabilities | 93,453,213 | 89,687,427 | 13,218,289 | ||
MEZZANINE EQUITY | |||||
Redeemable non-controlling interests | 1,545,058 | 3,539,877 | 521,713 | ||
SHAREHOLDERS' EQUITY | |||||
Total JinkoSolar Holding Co., Ltd. shareholders' equity | 15,726,132 | 14,604,359 | 2,152,417 | ||
Non-controlling interests | 10,299,574 | 10,686,146 | 1,574,943 | ||
Total shareholders' equity | 26,025,706 | 25,290,505 | 3,727,360 | ||
Total liabilities, non-controlling interest and shareholders' equity | 121,023,977 | 118,517,809 | 17,467,362 | ||
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SOURCE JinkoSolar Holding Co., Ltd.