JinkoSolar (NYSE: JKS) trims U.S. unit stake in $191.5M disposal

Rhea-AI Filing Summary

JinkoSolar Holding Co., Ltd. announced that its subsidiary JinkoSolar (U.S.) Holding Inc. agreed to sell a 75.1% equity interest in Jinko Solar (U.S.) Industries Inc. to FH JKV Holdings Limited for approximately US$191.5 million, subject to post-closing adjustments.

The price will be paid in three tranches of 51%, 15.71% and 33.29% of the consideration, under terms set out in the transaction documents. After closing, JinkoSolar will retain 24.9% of Jinko Industries, which will no longer be a consolidated subsidiary, while continuing to serve the U.S. photovoltaic market.

An independent valuer assessed Jinko Industries’ equity value at approximately RMB1,797 million as of November 30, 2025, and the company states the consideration is commensurate with this value. JinkoSolar’s board approved the deal, describing it as part of a strategic restructuring of overseas operations to improve efficiency, flexibility and risk profile, though completion remains subject to customary conditions and regulatory approvals.

Insights

Equity analyst

JinkoSolar monetizes majority of a U.S. unit while retaining a minority stake.

JinkoSolar plans to dispose of 75.1% of Jinko Solar (U.S.) Industries Inc. for approximately US$191.5 million. An independent appraisal valued the subsidiary at about RMB1,797 million as of November 30, 2025, and the company notes the price is in line with that valuation.

The sale proceeds are payable in three staged tranches, which spreads counterparty performance risk over time. Once closed, Jinko Industries will cease to be a consolidated subsidiary, reducing JinkoSolar’s direct exposure to that entity’s liabilities while it retains a 24.9% interest.

Management frames the transaction as part of an ongoing restructuring of overseas assets amid global macroeconomic uncertainty, aiming to improve operational efficiency, flexibility and overall risk profile. Closing is still contingent on customary conditions and regulatory approvals, so investors will need later disclosures to see final terms and timing.

Key Figures

Equity interest sold: 75.1% equity interest Sale consideration: US$191.5 million Retained interest: 24.9% equity interest +4 more

7 metrics

Equity interest sold 75.1% equity interest Stake in Jinko Solar (U.S.) Industries Inc. to be sold

Sale consideration US$191.5 million Approximate consideration for 75.1% stake, subject to adjustment

Retained interest 24.9% equity interest JinkoSolar U.S. Holding ownership after disposal

Assessed equity value RMB1,797 million Equity value of Jinko Industries as of November 30, 2025

First tranche share 51% of consideration Paid at closing of the disposal

Second tranche share 15.71% of consideration Paid as second tranche under transaction documents

Third tranche share 33.29% of consideration Paid as third tranche under transaction documents

Key Terms

definitive agreement, consolidated subsidiary, independent third-party valuer, equity value, +1 more

5 terms

definitive agreement financial

"has entered into a definitive agreement to sell 75.1% equity interest"

A definitive agreement is a formal, legally binding document that outlines the final terms and conditions of a deal or transaction, such as a sale or partnership. It acts like a detailed contract that confirms all parties have agreed on the key details, making the deal official. For investors, it signals that the agreement is settled and moving toward completion, providing clarity and security about the transaction.

consolidated subsidiary financial

"Jinko Industries will cease to be a consolidated subsidiary of the Company"

independent third-party valuer financial

"an independent third-party valuer, Jinzheng (Shanghai) Assets Appraisal Co Ltd., was engaged"

equity value financial

"the assessed equity value of Jinko Industries was approximately RMB1,797 million"

Equity value is the total worth of a company that belongs to its shareholders after subtracting debts and obligations, like the leftover value if you sold everything and paid off all bills. For investors, it shows what all shares combined are worth and helps compare what a stake in the company might be worth today; think of it as the market price of the whole company’s ownership pie.

forward-looking statements regulatory

"This document contains forward-looking statements. These statements constitute “forward-looking” statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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Accepted by SEC EDGAR 05/08/2026 - 07:25 AM Learn about SEC filing dates

FAQ

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

JinkoSolar announced a deal to sell 75.1% of its U.S. subsidiary Jinko Solar (U.S.) Industries Inc. for about US$191.5 million, as part of a broader strategic restructuring of its overseas operations and assets.

How much is JinkoSolar receiving for the 75.1% stake in its U.S. unit?

JinkoSolar agreed to sell the 75.1% equity interest in Jinko Industries for approximately US$191.5 million, subject to post-closing adjustments based on the subsidiary’s net asset value under the terms of the transaction documents.

What ownership will JinkoSolar retain in Jinko Industries after the disposal?

After the disposal, JinkoSolar’s subsidiary will retain a 24.9% equity interest in Jinko Industries, while FH JKV Holdings Limited will own 75.1%. Jinko Industries will cease to be a consolidated subsidiary of JinkoSolar following completion.

How will the US$191.5 million consideration be paid to JinkoSolar?

The consideration will be paid in three tranches: 51% at closing, then 15.71% as a second tranche and 33.29% as a third tranche, each subject to conditions described in the transaction documents between the parties.

How was the value of JinkoSolar’s U.S. subsidiary determined?

An independent third-party valuer, Jinzheng (Shanghai) Assets Appraisal Co Ltd., assessed Jinko Industries’ equity value at about RMB1,797 million as of November 30, 2025. JinkoSolar states the agreed consideration is commensurate with this appraisal.

Why is JinkoSolar selling a majority stake in its U.S. subsidiary?

JinkoSolar says the disposal supports its ongoing strategic restructuring of overseas business and assets amid global macroeconomic uncertainty, aiming to enhance operational efficiency, flexibility, overall risk profile and long-term shareholder value while still serving the U.S. photovoltaic market.

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 May 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 ¨

JinkoSolar Announces Disposal of 75.1% Equity Interest in Its U.S. Subsidiary

JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) announced that JinkoSolar (U.S.) Holding Inc. (“JinkoSolar U.S. Holding”), a subsidiary of the Company, has entered into a definitive agreement to sell 75.1% equity interest in Jinko Solar (U.S.) Industries Inc. (“Jinko Industries”) to FH JKV Holdings Limited (“FH JKV”) for a consideration of approximately US$191.5 million, subject to post-closing adjustment based on the net asset value of Jinko Industries (the “Disposal”). JinkoSolar U.S. Holding currently holds 100% of the equity interest in Jinko Industries. The consideration will be settled in three tranches: (i) payment of 51% of the consideration upon the closing of the Disposal; (ii) payment of 15.71% of the consideration as the second tranche; and (iii) payment of 33.29% of the consideration as the third tranche, in each case subject to the terms and conditions set out in the transaction documents. Upon completion of the Disposal, JinkoSolar U.S. Holding and FH JKV will own 24.9% and 75.1% equity interest in Jinko Industries, respectively, and Jinko Industries will cease to be a consolidated subsidiary of the Company. Following the Disposal, Jinko Industries will retain its existing claims and remain responsible for its existing liabilities and obligations.

In connection with the Disposal, an independent third-party valuer, Jinzheng (Shanghai) Assets Appraisal Co Ltd., was engaged to assess the equity value of Jinko Industries. As of November 30, 2025, the assessed equity value of Jinko Industries was approximately RMB1,797 million. The consideration for the Disposal is commensurate with the equity value of Jinko Industries assessed by the independent third-party valuer. The Disposal has been approved by the board of directors of the Company.

The Disposal aligns with the Company’s ongoing strategic restructuring of its overseas business and assets in light of prevailing uncertainties in the global macroeconomic environment. The Disposal will enable the Company to improve its operational efficiency, flexibility and overall risk profile. The Company believes the Disposal will enhance long-term shareholder value and will continue to explore strategic opportunities for broader business growth. Following the Disposal, the Company will continue to sell photovoltaic products in the U.S. market.

The Disposal is conditioned upon the satisfaction of customary closing conditions precedent set forth in the transaction documents, including regulatory approvals. There can be no assurance that all closing conditions for the Disposal will be satisfied or waived.

Safe Harbor Statement

This document 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. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks and uncertainties. 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.

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: May 8, 2026