JinkoSolar unit sees RMB5.9–6.9B 2025 net loss

JinkoSolar Holding Co., Ltd. filed a Form 6-K to share estimated preliminary unaudited results from its majority-owned operating subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), for the full year ended December 31, 2025.

Rhea-AI Filing Summary

JinkoSolar Holding Co., Ltd. filed a Form 6-K to share estimated preliminary unaudited results from its majority-owned operating subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), for the full year ended December 31, 2025. Jiangxi Jinko expects a preliminary unaudited net loss attributable to its shareholders between RMB5,900 million and RMB6,900 million.

Excluding extraordinary gains and losses, Jiangxi Jinko estimates a larger preliminary unaudited net loss in the range of RMB6,700 million to RMB7,800 million, indicating that one-off items partly offset operating losses. These figures are prepared under PRC GAAP and differ from JinkoSolar’s consolidated results, which use U.S. GAAP and also include other subsidiaries. JinkoSolar, which currently owns about 55.59% of Jiangxi Jinko, cautions investors not to base decisions solely on these subsidiary-level estimates.

Positive

• None.

Negative

• Jiangxi Jinko estimates a substantial 2025 loss, with preliminary unaudited net loss attributable to its shareholders of RMB5,900–6,900 million and an even larger RMB6,700–7,800 million loss excluding extraordinary items.

Insights

Equity and credit analyst

Subsidiary flags multi‑billion RMB loss, a clearly negative signal.

The filing highlights estimated preliminary unaudited 2025 figures from Jiangxi Jinko, showing a sizeable net loss attributable to its shareholders of RMB5,900 million to RMB6,900 million. Excluding extraordinary gains and losses, the estimated loss widens to RMB6,700 million to RMB7,800 million, suggesting underlying operations were weaker than the headline numbers alone indicate.

These results apply to the subsidiary under PRC GAAP, while group financials are prepared under U.S. GAAP and also consolidate other entities. The company notes these differences and explicitly cautions against basing investment decisions solely on the subsidiary’s preliminary figures. Still, because JinkoSolar owns approximately 55.59% of Jiangxi Jinko, sustained large losses at this core operating unit are likely to be important for both equity and credit investors once full consolidated results are available.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did JinkoSolar (JKS) disclose in this Form 6-K?

The company reported that its majority-owned subsidiary, Jinko Solar Co., Ltd. (Jiangxi Jinko), published estimates of certain preliminary unaudited financial results for the full year ended December 31, 2025.

What are Jiangxi Jinko’s estimated preliminary unaudited 2025 results?

Jiangxi Jinko estimates a preliminary unaudited net loss attributable to its shareholders of RMB5,900 million to RMB6,900 million for the year ended December 31, 2025.

How large is Jiangxi Jinko’s loss excluding extraordinary gains and losses?

Excluding extraordinary gains and losses, Jiangxi Jinko’s preliminary unaudited net loss attributable to its shareholders is estimated between RMB6,700 million and RMB7,800 million for full year 2025.

How much of Jiangxi Jinko does JinkoSolar currently own?

JinkoSolar currently owns approximately 55.59% equity interest in Jiangxi Jinko.

Why do Jiangxi Jinko’s results differ from JinkoSolar’s consolidated financials?

Jiangxi Jinko’s preliminary figures are prepared only for the subsidiary under PRC GAAP, while JinkoSolar’s consolidated financials include the parent and other subsidiaries and are prepared under U.S. GAAP.

How does JinkoSolar guide investors on using these preliminary subsidiary results?

JinkoSolar states that investors should exercise caution when reviewing Jiangxi Jinko’s preliminary unaudited results and are advised not to base investment decisions solely on these figures.

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Accepted by SEC EDGAR 01/21/2026 - 07:46 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number: 001-34615

JinkoSolar Holding Co., Ltd.

(Translation of registrant’s name into English)

1 Yingbin Road

Shangrao Economic Development Zone

Jiangxi Province, 334100

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x                       Form 40-F ¨

EXHIBIT INDEX

Number Description of Document

99.1 Press release - JinkoSolar's Subsidiary, Jinko Solar Co., Ltd., Announces Estimates of Certain Preliminary Unaudited Financial Results for Full Year 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	JinkoSolar Holding Co., Ltd.
	By:	/s/ Mengmeng (Pan) Li
	Name:	Mengmeng (Pan) Li
	Title:	Chief Financial Officer

Date: January 21, 2026

Exhibit 99.1

JinkoSolar's Subsidiary, Jinko Solar Co., Ltd., Announces Estimates of Certain Preliminary Unaudited Financial Results for Full Year 2025

SHANGRAO, China, Jan. 21, 2026 /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 that its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd. (“Jiangxi Jinko”), published estimates for certain preliminary unaudited financial results for the full year ended December 31, 2025.

For the year ended December 31, 2025, (i) preliminary unaudited net loss attributable to shareholders of Jiangxi Jinko is estimated to be in the range of RMB5,900 million to RMB6,900 million, and (ii) preliminary unaudited net loss attributable to shareholders of Jiangxi Jinko excluding extraordinary gains and losses is estimated to be in the range of RMB6,700 million to RMB7,800 million.

The preliminary unaudited financial results for Jiangxi Jinko for full year 2025 included in this press release (the “Jiangxi Jinko Preliminary Unaudited Financial Results”) differ from JinkoSolar’s consolidated financial results (the “Consolidated Financials”), due to (i) the consolidation scope of the Jiangxi Jinko Preliminary Unaudited Financial Results differing from that of the Consolidated Financials as the former are prepared solely for Jiangxi Jinko, whereas the Consolidated Financials also include financial statements from JinkoSolar and its other subsidiaries, and (ii) differences in accounting standards and principles used to prepare the Jiangxi Jinko Preliminary Unaudited Financial Results and the Consolidated Financials. Specifically, the Jiangxi Jinko Preliminary Unaudited Financial Results are prepared in accordance with PRC GAAP, whereas the Consolidated Financials are prepared in accordance with accounting principles generally accepted in the United States. As such, investors in JinkoSolar should exercise caution when reviewing the Jiangxi Jinko Preliminary Unaudited Financial Results included in this press release and are advised not to base their investment decisions solely on such preliminary unaudited financial results.

JinkoSolar currently owns approximately 55.59% equity interest in Jiangxi Jinko.

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 September 30, 2025.

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

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  

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