Welcome to our dedicated page for Jinkosolar Hold news (Ticker: JKS), a resource for investors and traders seeking the latest updates and insights on Jinkosolar Hold stock.
JinkoSolar Holding Co., Ltd. reports developments tied to its photovoltaic manufacturing business and its NYSE-listed American depositary shares. The company operates across the solar product value chain, with silicon wafers, solar cells and solar modules sold under the JinkoSolar brand, including Tiger Neo modules. Its updates also cover energy storage systems and integrated solar-plus-storage solutions for utility, commercial and residential customers across international markets.
Recurring news themes include quarterly and annual financial results, module shipment trends, overseas market demand, photovoltaic product pricing, technology updates involving N-type TOPCon and perovskite tandem solar cells, U.S. manufacturing and supply-chain activity, and disclosures from its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd., also referred to as Jiangxi Jinko.
JinkoSolar (NYSE: JKS), a leading global solar module manufacturer, will release its unaudited financial results for Q4 and the full year ended December 31, 2022 on March 10, 2023, prior to U.S. market opening. Management will conduct an earnings conference call at 7:30 a.m. Eastern Time on the same day. Participants must register in advance to receive dial-in numbers. A replay will be available two hours post-conference until March 17, 2023. Live and archived webcasts can be accessed via JinkoSolar's investor relations website.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for the year 2022. The company's preliminary revenues stood at RMB83.08 billion with a net income of RMB2.95 billion. Excluding extraordinary gains and losses, the net income was RMB2.65 billion. Notably, these results are prepared under different accounting standards compared to JinkoSolar’s consolidated financials, so investors should exercise caution. JinkoSolar holds an approximate 58.62% equity interest in Jiangxi Jinko. The unaudited figures are subject to change pending the full audit process.
The photovoltaic market is set to grow from USD 96.5 billion in 2023 to USD 155.5 billion by 2028, with a CAGR of 10.0%.
This growth is driven by increasing solar installations due to government incentives, the adoption of PV systems for residential use, and decreasing costs of PV systems. Ground-mounted systems dominate the market, with the half-cell module segment expected to see significant growth due to their higher power capacity and durability. The residential sector remains strong, aided by declining costs and incentives in countries like India and the US. However, challenges include land acquisition issues and a lack of skilled labor for PV installation.
The photovoltaic market is projected to expand from USD 96.5 billion in 2023 to USD 155.5 billion by 2028, achieving a 10.0% CAGR during this period, according to MarketsandMarkets™.
The growth is primarily fueled by increasing solar installations due to government incentives, rising adoption of PV systems for residential use, and plummeting costs of photovoltaic systems.
The utilities application is expected to dominate the market share, driven by environmentally friendly solar power plants and supportive governmental schemes. Asia Pacific is anticipated to hold the largest market share by 2028, with significant contributions from key players like JinkoSolar, JA Solar, and Trina Solar.
The solar photovoltaic services (PV) market is expected to grow at a remarkable 14.6% YOY from 2022 to 2023, driven primarily by increasing installations and government support, as per Technavio. The market is projected to expand by USD 16,359.62 million at a CAGR of 15.38% from 2022 to 2027, with APAC accounting for 74% of this growth. This surge is propelled by rising environmental concerns and the adoption of renewable energy sources. However, challenges like recycling scrap from solar PV systems pose significant hurdles for growth in this sector.
JinkoSolar (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for the year ended December 31, 2022. The estimated net income attributable to shareholders of Jiangxi Jinko is projected to range from RMB2.66 billion to RMB2.96 billion, a year-over-year increase of approximately 133.05% to 159.33%. Excluding extraordinary items, net income is expected between RMB2.50 billion and RMB2.80 billion, reflecting a significant increase of 371.17% to 427.71% year-over-year. Investors are cautioned that these results differ from JinkoSolar’s consolidated financials due to varying consolidation scopes and accounting standards.
JinkoSolar has launched its Second Generation Tiger Neo panel family, showcasing cutting-edge solar technology. The new panels deliver power outputs of up to 635Wp and efficiencies of 22.27% to 23.23%. Enhanced features include a bifacial factor of up to 85%, optimized temperature coefficient, and improved low-light performance. With a projected lifespan of 15 years and a warranty of 30 years, these panels offer robust reliability. JinkoSolar aims to enhance solar efficiency and system performance through its innovative N-type technology.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced the results of its 2022 annual general meeting (AGM) held on December 27, 2022. Shareholders approved several resolutions, including the re-election of Mr. Haiyun Cao as a director and the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors for 2022. However, the proposed re-election of Mr. Kangping Chen was rejected by shareholders. Following the AGM, the board now comprises six directors, including three independent directors.
Summary not available.
JinkoSolar has achieved a significant milestone by setting a new record for solar conversion efficiency at 26.4% with its 182 mm N-type monocrystalline silicon solar cell. This breakthrough, verified by the National Institute of Metrology in China, surpasses their previous record of 26.1%. The Company attributes this success to its dedicated R&D team and innovative technologies. Dr. Jin Hao, CTO, expressed confidence in continued advancements in efficiency and cost-effectiveness, contributing to the clean energy transition.