Jinkosolar Hold Stock Price, News & Analysis

JinkoSolar (NYSE: JKS), a leading global solar module manufacturer, has scheduled the release of its first quarter 2025 unaudited financial results for Tuesday, April 29, 2025, before U.S. markets open. The company will host an earnings conference call on the same day at 8:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing/Hong Kong time).

Interested participants must pre-register for the conference call through the provided online registration link. A replay of the call will be available for approximately one week, ending May 6, 2025, with both international and U.S. dial-in numbers provided. Additionally, investors can access a live and archived webcast of the conference call through JinkoSolar's Investor Relations website.

JinkoSolar (NYSE: JKS) reported its Q4 and full year 2024 financial results, showing mixed performance. Module shipments for 2024 increased 18.3% year-over-year to 92.9 GW, maintaining industry leadership. However, financial metrics declined significantly due to market challenges.

Q4 2024 highlights: Revenue decreased 37.1% YoY to US$2.83 billion, with gross margin falling to 3.6% from 12.5% in Q4 2023. The company reported a net loss of US$64.9 million, compared to net income in previous quarters.

Full year 2024 performance: Total revenue declined 22.3% to US$12.64 billion, with gross margin dropping to 10.9% from 16.0% in 2023. Net income fell 98.3% to US$7.9 million.

Technology achievements include reaching 26.5% mass production efficiency for N-type TOPCon cells and securing 462 TOPCon patents. The company expects 2025 module shipments between 85.0-100.0 GW and plans to reach production capacities of 120.0 GW for mono wafers, 95.0 GW for cells, and 130.0 GW for modules by year-end.

JinkoSolar (NYSE: JKS), a leading global solar module manufacturer, has scheduled the release of its unaudited financial results for Q4 and full year 2024 before U.S. markets open on March 26, 2025.

The company will host an earnings conference call on the same day at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time). A replay of the call will be available for one week until April 2, 2025. Interested participants can pre-register through the provided online registration link, and a webcast will be accessible through JinkoSolar's Investor Relations website.

JinkoSolar (NYSE: JKS) has achieved a significant milestone by becoming the most bankable solar module company in BloombergNEF's 2024 PV Module Bankability Survey, securing a perfect 100% bankability rating. This recognition stems from the company's robust financial position, technological innovations, and proven product reliability.

The company's achievements include:

• Total module shipments exceeding 300GW by end of 2024
• Tiger Neo series modules reaching 140GW in cumulative shipments
• Presence in nearly 200 countries and regions

The latest Tiger Neo 3.0 series, utilizing N-type TOPCon technology, showcases impressive specifications:

• Power ratings over 670W
• Maximum module efficiency of 24.8%
• Bifaciality up to 85%
• 3.38% increase in power generation from high bifaciality
• 3.14% reduction in Levelized Cost of Electricity (LCOE)

JinkoSolar's subsidiary Jiangxi Jinko released preliminary unaudited financial results for 2024, showing significant declines in performance. Revenue decreased by 21.96% year-on-year to RMB92.62 billion, while net income attributable to shareholders fell 98.78% to RMB90.54 million. The company reported a net loss of RMB1,011.98 million excluding extraordinary items, a 114.66% decrease year-on-year.

The decline was primarily due to reduced selling prices of photovoltaic products amid supply-demand mismatches in the industry. Despite maintaining leading position in module shipments and implementing efficiency improvements, Jiangxi Jinko's performance was affected by prolonged pricing pressure, obsolete capacity elimination, and a fire accident. JinkoSolar currently owns 58.59% equity interest in Jiangxi Jinko.

JinkoSolar (NYSE: JKS) has secured the top position in Wood Mackenzie's Global Solar Module Manufacturers Ranking 2025, based on data from H1 2024. The ranking evaluated 40 manufacturers across nine criteria, including manufacturing experience, vertical integration, capacity utilization, and technological maturity.

The company's cumulative module shipments exceeded 300 GW by end-2024, maintaining its global leadership in shipments for five years. Their Tiger Neo N-type TOPCon modules achieved 140 GW in shipments since launch, with quarterly sales exceeding 20 GW in 2024, leading sales for six consecutive quarters.

JinkoSolar has launched its third-generation N-type TOPCon Tiger Neo 3.0 solar modules, featuring power outputs up to 670W and introducing the industry's first 495W residential module with 24.8% conversion efficiency.

JinkoSolar's subsidiary Jiangxi Jinko has released preliminary unaudited financial estimates for full year 2024. The company projects a significant decline in performance, with preliminary unaudited net income attributable to shareholders estimated between RMB80 million to RMB120 million, representing a decrease of 98.39% to 98.92% year-over-year.

Additionally, preliminary unaudited net loss attributable to shareholders, excluding extraordinary gains and losses, is estimated between RMB750 million to RMB1,050 million, marking a decrease of 110.86% to 115.21% year-over-year.

JinkoSolar currently maintains a 58.59% equity interest in Jiangxi Jinko. The company notes that these preliminary results differ from JinkoSolar's consolidated financial results due to different consolidation scopes and accounting standards (PRC GAAP vs US GAAP).

JinkoSolar (NYSE: JKS) has achieved a new breakthrough in solar cell technology, setting a world record with a 33.84% conversion efficiency for its N-type TOPCon-based perovskite tandem solar cell. This surpasses their previous record of 33.24% and marks their 27th world record for efficiency and power output in PV products.

The achievement was independently verified by the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences. The record-breaking cell combines JinkoSolar's N-type monocrystalline TOPCon solar cell as the bottom cell with advanced technologies including full-area passivated contact technology, perovskite interfacial defect passivation technology, and bulk defect passivation technology.

This breakthrough demonstrates TOPCon's compatibility with next-generation perovskite/silicon tandem cell technology, potentially opening new avenues for photovoltaic industry development.

JinkoSolar (NYSE: JKS) held its 2024 Annual General Meeting where shareholders approved all proposed resolutions. Key approvals include: the re-election of Mr. Xianhua Li and Mr. Steven Markscheid as directors, the ratification of Mr. Gang Chu's appointment as an independent director, and the appointment of PricewaterhouseCoopers Zhong Tian LLP as the company's auditors for fiscal year 2024. Shareholders also authorized directors to determine auditor remuneration and take necessary actions to implement these resolutions.