Jinkosolar Holdings Co Ltd (JKS)

JinkoSolar Announces Cash DividendJune 12, 2026 6:00 AM
PR Newswire (US) SHANGRAO, China, June 12, 2026 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in clean energy technology, today announced that its board of directors has declared a cash dividend of US$0.375 per ordinary share of US$0.00002 each of the Company (the "Ordinary Shares"), or US$1.50 per American Depositary Share (the "ADS"). Holders of the Ordinary Shares or ADSs at the close of trading on June 22, 2026 (U.S. Eastern Time) will be entitled to receive the cash dividend. The dividend to be paid to the Company's ADS holders through the depositary bank will be subject to the terms of the deposit agreement, including the fees and expenses payable thereunder. The dividend is expected to be paid on or around July 9, 2026. The total amount of cash to be distributed for the dividend is expected to be approximately US$78.5 million."Returning capital reflects our confidence in JinkoSolar's long-term prospects and our commitment to delivering sustainable value to shareholders," said Mr. Xiande Li, Chairman and Chief Executive Officer of JinkoSolar. "We are well positioned to lead the industry as it evolves from a focus on scale and price competition to one defined by quality, reliability, and value with our advanced technology, deepened global footprint, and accelerating integrated solar-plus-storage strategy. We believe JinkoSolar is well positioned to capture future opportunities and drive sustainable growth over the long term."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 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 March 31, 2026.To find out more, please see: www.jinkosolar.comSafe Harbor StatementThis 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.comMr. Christian Arnell
Christensen
Tel: +852 2117 0861
Email: christian.arnell@christensencomms.comIn the U.S.:
Email: jinko@christensencomms.com View original content:https://www.prnewswire.com/news-releases/jinkosolar-announces-cash-dividend-302798902.htmlSOURCE JinkoSolar Holding Co., Ltd. Original: JinkoSolar Announces Cash Dividend

JinkoSolar Announces First Quarter 2026 Financial ResultsApril 29, 2026 6:52 AM
PR Newswire (US)

SHANGRAO, China, April 29, 2026 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in clean energy technology, today announced its unaudited financial results for the first quarter ended March 31, 2026.First Quarter 2026 Business HighlightsTotal module shipments for the first quarter were approximately 13.7 GW, with over 80% shipped to overseas markets.By the end of the first quarter, we became the first module manufacturer in the world to have delivered a total of over 400 GW of solar modules, with total shipments of the Tiger Neo series reaching approximately 240 GW, both ranking first in the industry.By the end of the first quarter, the average power output of our Tiger Neo 3.0 series reached 655W to 660W.Shipments of energy storage system in the first quarter increased significantly year-over-year, with the majority of shipments delivered to overseas markets.First Quarter 2026 Operational and Financial HighlightsQuarterly shipments of solar modules were 13,679 MW, down 45.2% sequentially and down 21.9% year-over-year.Total revenues were RMB12.25 billion (US$1.78 billion), down 30.0% sequentially and down 11.5% year-over-year.Gross profit was RMB1.02 billion (US$147.7 million), up 1,749.2% sequentially and 388.7% year-over-year.Gross profit margin was 8.3%, compared with gross profit margin of 0.3% in Q4 2025 and gross loss margin of 2.5% in Q1 2025.Net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB463.5 million (US$67.2 million), compared with net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB1.50 billion in Q4 2025 and net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB1.32 billion in Q1 2025.Adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB549.3 million (US$79.6 million), which excludes the impact of (i) the change in fair value of convertible notes issued by Jinko Solar Co., Ltd. ("Jiangxi Jinko") in 2023, (ii) the change in fair value of long-term investment, and (iii) share-based compensation expenses, compared with adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB837.7 million in Q4 2025 and adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB1.07 billion in Q1 2025.Basic and diluted losses per ordinary share were RMB2.21 (US$0.32) and RMB2.21 (US$0.32), respectively. This translates into basic and diluted losses per ADS of RMB8.85 (US$1.28) and RMB8.85 (US$1.28), respectively.Mr. Xiande Li, JinkoSolar's Chairman and Chief Executive Officer, commented, "Total module shipments during the quarter were 13.7 GW, ranking first in the industry, with over 80% shipped to overseas markets. This enabled us to become the world's first module manufacturer to surpass 400 GW in cumulative deliveries. Our Tiger Neo series also cemented its industry leadership, contributing approximately 240 GW to this milestone in cumulative deliveries. Driven by improved supply-demand balance, especially in overseas markets, module prices rebounded sequentially during the quarter, helping improve our gross profit margin to 8.3% and narrow our net loss. At the same time, our energy storage systems business (ESS) maintained its strong momentum, with shipments increasing significantly year-over-year to approximately 1.42 GWh on a proof-of-delivery basis. Of these shipments, a higher contribution from high-value overseas markets supported a more optimized market mix and drove a sequential improvement in gross margin.While recent geopolitical disruptions have impacted key logistics lines and are temporarily putting pressure on our shipping costs and delivery schedules, they also highlight the critical importance of global energy security. As a result, we are seeing growing demand from industrial, commercial, residential and utility customers for solar and storage solutions and we are further optimizing our production pipeline and geographic mix in response to these evolving market dynamics. We expect module prices to remain relatively stable as sales of our high-efficiency products continue to ramp up and industry competition gradually normalizes, supported by ongoing policy initiatives to promote more disciplined competition. We continue to grow our footprint in the distributed-solar market and are further expanding into diverse niche application scenarios that align with rising power demand globally and shifts toward cleaner, more distributed energy systems. We believe these trends, combined with our deep technological expertise and strength of our brand, will allow us to further strengthen our competitiveness globally.We continue to drive innovation across the industry by leveraging our technological expertise, with the average power output of our Tiger Neo 3.0 series reaching 655 W to 660 W by the end of the first quarter. Shipments of high-efficiency products with power output above 640 W increased sequentially, accounting for nearly 25% of our total shipments in the first quarter of 2026 and commanding a premium that reflects the differentiated advantages built through continued technical iteration and product upgrades. We expect production capacity for these high-efficiency products with power output above 650 W to exceed 40 GW by the end of 2026. As production capacity for high-efficiency products gradually ramps up, we expect our cost structure to continue improving as greater economies of scale are realized. Additionally, we are making progress in the mass production of silver-coated copper technology, where we believe our pace and scale lead the industry.In addition, the underlying growth of our ESS business remains robust. Throughout 2026, we will continue to optimize our ESS capacity and supply chain footprint globally to target high-value markets and scale up our ESS business. As we deepen our presence in these markets, we expect ESS shipments to experience robust growth, enhance our profitability profile and contribute meaningfully to our overall bottom line.Looking ahead, our focus will remain on enhancing product competitiveness, strengthening our global footprint, and advancing our integrated solar-plus-storage strategy to support long-term growth and profitability. We expect our annual integrated production capacity to reach approximately 100 GW by year-end 2026, including 14 GW from overseas facilities. For the second quarter of 2026, we project our module shipments to be between 14 GW and 16 GW. For the full year 2026, we expect shipments to reach 75 GW to 85 GW, with high-efficiency products accounting for over 60% of our total shipments."First Quarter 2026 Financial ResultsTotal RevenuesTotal revenues in the first quarter of 2026 were RMB12.25 billion (US$1.78 billion), representing a decrease of 30.0% from RMB17.51 billion in the fourth quarter of 2025 and a decrease of 11.5% from RMB13.84 billion in the first quarter of 2025. The sequential and year-over-year decrease were mainly due to the decrease in the shipment volume of solar modules.Gross Profit/Loss and Gross MarginGross profit in the first quarter of 2026 was RMB1.02 billion (US$147.7 million), compared with gross profit of RMB55.1 million in the fourth quarter of 2025 and gross loss of RMB352.9 million in the first quarter of 2025.Gross profit margin was 8.3% in the first quarter of 2026, compared with gross profit margin of 0.3% in the fourth quarter of 2025 and gross loss margin of 2.5% in the first quarter of 2025. The sequential and year-over-year improvements were primarily due to a higher average selling price of solar modules.Loss from Operations and Operating MarginLoss from operations in the first quarter of 2026 was RMB588.2 million (US$85.3 million), compared with loss from operations of RMB3.26 billion in the fourth quarter of 2025 and loss from operations of RMB2.87 billion in the first quarter of 2025. The sequential and year-over-year improvements were primarily attributable to the increase in our gross margin in the first quarter of 2026.Operating loss margin was 4.8% in the first quarter of 2026, compared with operating loss margin of 18.6% in the fourth quarter of 2025 and operating loss margin of 20.7% in the first quarter of 2025.Total operating expenses in the first quarter of 2026 were RMB1.61 billion (US$232.9 million), representing a decrease of 51.5% from RMB3.31 billion in the fourth quarter of 2025 and a decrease of 36.0% from RMB2.51 billion in the first quarter of 2025. The sequential decrease was primarily due to impairment of long-lived asset in the fourth quarter of 2025, while the year-over-year decrease was primarily due to lower expected credit losses in the first quarter of 2026.Total operating expenses accounted for 13.1% of total revenues in the first quarter of 2026, compared to 18.9% in the fourth quarter of 2025 and 18.1% in the first quarter of 2025.Interest Expenses and Interest IncomeInterest expenses were RMB380.6 million (US$55.2 million), and interest income was RMB109.9 million (US$15.9 million) in the first quarter of 2026.Net interest expenses in the first quarter of 2026 were RMB270.7 million (US$39.3 million), representing an increase of 17.9% from RMB229.7 million in the fourth quarter of 2025 and an increase of 14.1% from RMB237.3 million in the first quarter of 2025. The sequential and year-over-year increases were primarily due to an increase of interest-bearing debt in the first quarter of 2026.Subsidy IncomeSubsidy income in the first quarter of 2026 was RMB331.9 million (US$48.1 million), compared with RMB240.4 million in the fourth quarter of 2025 and RMB536.0 million in the first quarter of 2025. The sequential and year-over-year changes were primarily attributable to the changes in government grants related to income.Exchange Loss/GainThe Company recorded a net exchange loss of RMB482.8 million (US$70.0 million) in the first quarter of 2026, compared to a net exchange loss of RMB281.9 million in the fourth quarter of 2025 and a net exchange gain of RMB135.7 million in the first quarter of 2025. The sequential and year-over-year changes were mainly attributable to fluctuations in the exchange rate of the US dollar and euro against RMB in the first quarter of 2026.Change in Fair Value of Forward contractsThe Company recorded a net loss from change in fair value of forward contracts of RMB354.7 million (US$51.4 million) in the first quarter of 2026, compared to a net gain of RMB147.1 million in the fourth quarter of 2025 and a net loss of RMB54.0 million in the first quarter of 2025. The sequential and year-over-year changes were mainly due to the changes in the fair value of commodity forward contracts in the first quarter of 2026.Change in Fair Value of Long-term InvestmentThe Company holds certain equity interests in several solar technology companies in the photovoltaic industry, 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 March 31, 2026, the Company had RMB1.10 billion (US$158.9 million) in available-for-sale securities and long-term investment (excluding the investments accounted for under the equity method and held-to-maturity debt securities), compared with RMB864.4 million as of December 31, 2025.The Company recognized a gain from change in fair value of long-term investment of RMB124.4 million (US$18.0 million) in the first quarter of 2026, compared with a loss of RMB23.7 million in the fourth quarter of 2025 and a loss of RMB46.2 million in the first quarter of 2025. The sequential and year-over-year changes were primarily due to the changes in the fair value of several solar technology companies we invested in.Other Income/Loss, Net Net other income in the first quarter of 2026 was RMB34.9 million (US$5.1 million), compared with net other loss of RMB143.0 million in the fourth quarter of 2025 and net other loss of RMB179.4 million in the first quarter of 2025. The sequential and year-over-year changes were mainly due to the changes in the fair value of financial instruments in the first quarter of 2026.Equity in Loss of Affiliated CompaniesThe 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 RMB54.5 million (US$7.9 million) in the first quarter of 2026, compared with equity in loss of affiliated companies of RMB33.8 million in the fourth quarter of 2025 and equity in loss of affiliated companies of RMB46.1 million in the first quarter of 2025. The fluctuations in equity in loss of affiliated companies primarily arose from the changes in net losses incurred by the affiliated companies.Income Tax BenefitThe Company recorded an income tax benefit of RMB379.3 million (US$55.0 million) in the first quarter of 2026, compared with income tax benefit of RMB1.04 billion in the fourth quarter of 2025 and income tax benefit of RMB699.5 million in the first quarter of 2025.Net Loss Attributable to Non-Controlling InterestsNet loss attributable to non-controlling interests amounted to RMB449.4 million (US$65.1 million) in the first quarter of 2026, compared with net loss attributable to non-controlling interests of RMB1.06 billion in the fourth quarter of 2025 and net loss attributable to non-controlling interests of RMB756.1 million in the first quarter of 2025. The sequential and year-over-year decreases were mainly attributable to the decreases in net loss of Jiangxi Jinko, the Company's majority-owned principal operating subsidiary.Net Loss and Losses per ShareNet loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB463.5 million (US$67.2 million) in the first quarter of 2026, compared with net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB1.50 billion in the fourth quarter of 2025 and net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB1.32 billion in the first quarter of 2025.Excluding the impact of (i) the change in fair value of convertible notes issued by Jiangxi Jinko in 2023, (ii) the change in fair value of the long-term investment, and (iii) share-based compensation expenses, adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB549.3 million (US$79.6 million) in the first quarter of 2026, compared with adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB837.7 million in the fourth quarter of 2025 and adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB1.07 billion in the first quarter of 2025.Basic and diluted losses per ordinary share were RMB2.21 (US$0.32) and RMB2.21 (US$0.32), respectively, in the first quarter of 2026, compared to basic and diluted losses per ordinary share of RMB7.16 and RMB7.16, respectively, in the fourth quarter of 2025, and basic and diluted losses per ordinary share of RMB6.40 and RMB6.40, respectively, in the first quarter of 2025. As each ADS represents four ordinary shares, this translates into basic and diluted losses per ADS of RMB8.85 (US$1.28) and RMB8.85 (US$1.28), respectively, in the first quarter of 2026; basic and diluted losses per ADS of RMB28.65 and RMB28.65, respectively, in the fourth quarter of 2025; and basic and diluted losses per ADS of RMB25.58 and RMB25.58, respectively, in the first quarter of 2025.Financial PositionAs of March 31, 2026, the Company had RMB22.81 billion (US$3.31 billion) in cash, cash equivalents, and restricted cash, compared with RMB22.94 billion as of December 31, 2025.As of March 31, 2026, the Company's net accounts receivable was RMB13.77 billion (US$2.00 billion), compared with RMB13.59 billion as of December 31, 2025.As of March 31, 2026, the Company's inventories were RMB17.71 billion (US$2.57 billion), compared with RMB14.48 billion as of December 31, 2025.As of March 31, 2026, the Company's total interest-bearing debts were RMB47.27 billion (US$6.85 billion), compared with RMB47.01 billion as of December 31, 2025.Operations and Business Outlook HighlightsSecond Quarter and Full Year 2026 GuidanceThe 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 second quarter of 2026, the Company expects its module shipments to be in the range of 14.0 GW to 16.0 GW.For full year 2026, the Company estimates its module shipments to be in the range of 75.0 GW to 85.0 GW.For full year 2026, the Company expects its ESS shipments to be more than doubled year-over-year.Solar Products Production CapacityThe Company expects its annual integrated production capacity to reach 100 GW, including 14 GW from overseas facilities, by the end of 2026.Conference Call InformationJinkoSolar's management will host an earnings conference call on Wednesday, April 29, 2026 at 8:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing / Hong Kong the same day).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/10054439-fub4z5.htmlIt will automatically direct you to the registration page of "JinkoSolar First 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 U.S. Eastern Time, May 6, 2026. The dial-in details for the replay are as follows:International: +61 7 3107 6325 
U.S.:              +1 855 883 1031 
Passcode:     10054439Additionally, 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 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 March 31, 2026.To find out more, please see: www.jinkosolar.comCurrency Convenience TranslationThe 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 March 31, 2026, which was RMB6.8980 to US$1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized, or settled into U.S. dollars at that rate or any other rate. The percentages stated in this press release are calculated based on Renminbi.Safe Harbor StatementThis 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.comJINKOSOLAR HOLDING CO., LTD. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except ADS and Share data)
For the quarter ended
Mar 31, 2025
Dec 31, 2025
Mar 31, 2026
RMB'000
RMB'000
RMB'000
USD'000 Revenues 13,843,640
17,506,784
12,249,048
1,775,739







 Cost of revenues (14,196,514)
(17,451,702)
(11,230,471)
(1,628,076)







 Gross profit (352,874)
55,082
1,018,577
147,663







 Operating expenses: 






   Selling and marketing (1,145,411)
(1,079,837)
(901,688)
(130,717)   General and administrative (1,215,065)
(912,125)
(476,564)
(69,087)   Research and development (151,802)
(237,778)
(228,483)
(33,123)   Impairment of long-lived assets -
(1,082,104)
-
- Total operating expenses (2,512,278)
(3,311,844)
(1,606,735)
(232,927)







 Loss from operations (2,865,152)
(3,256,762)
(588,158)
(85,264) Interest expenses (341,604)
(358,979)
(380,636)
(55,180) Interest income 104,329
129,269
109,887
15,930 Subsidy income 535,957
240,386
331,911
48,117 Exchange gain/(loss),net 135,686
(281,948)
(482,808)
(69,992) Change in fair value of forward
contracts (53,963)
147,131
(354,718)
(51,423) Change in fair value of Long-term
Investment (46,155)
(23,651)
124,426
18,038 Other (loss)/income, net (179,361)
(142,995)
34,862
5,054 Loss before income taxes (2,710,263)
(3,547,549)
(1,205,234)
(174,720) Income tax benefits 699,479
1,041,066
379,259
54,981 Equity in loss of affiliated
companies (46,072)
(33,835)
(54,470)
(7,896) Net loss (2,056,856)
(2,540,318)
(880,445)
(127,635) Less: Net loss attributable to non-
controlling interests 756,054
1,062,998
449,376
65,146 Less: Accretion to redemption
value of redeemable non-
controlling interests  (18,074)
(22,685)
(32,445)
(4,704) Net loss attributable to
JinkoSolar
 Holding Co., Ltd.'s ordinary
shareholders (1,318,876)
(1,500,005)
(463,514)
(67,193)







 Net (loss)/income attributable to
JinkoSolar Holding Co., Ltd.'s
 ordinary shareholders per share: 






   Basic (6.40)
(7.16)
(2.21)
(0.32)   Diluted (6.40)
(7.16)
(2.21)
(0.32)







 Net (loss)/income attributable to
JinkoSolar Holding Co., Ltd.'s
   ordinary shareholders per ADS: 






   Basic (25.58)
(28.65)
(8.85)
(1.28)   Diluted (25.58)
(28.65)
(8.85)
(1.28)







 Weighted average ordinary
shares outstanding: 






   Basic 206,249,285
209,429,353
209,480,753
209,480,753   Diluted 206,249,285
209,429,353
209,480,753
209,480,753







 Weighted average ADS
outstanding: 






   Basic 51,562,321
52,357,338
52,370,188
52,370,188   Diluted 51,562,321
52,357,338
52,370,188
52,370,188  JINKOSOLAR HOLDING CO., LTD. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)
Dec 31, 2025
Mar 31, 2026
RMB'000
RMB'000
USD'000ASSETS




Current assets:




  Cash,cash equivalents, and restricted cash22,938,381
22,809,510
3,306,684  Restricted short-term investments and short-term investments7,487,415
9,008,697
1,305,987  Accounts receivable, net 13,587,215
13,766,646
1,995,745  Notes receivable, net 3,677,372
2,703,371
391,906  Advances to suppliers, net 1,325,633
1,278,037
185,276  Inventories, net14,484,828
17,708,534
2,567,198  Forward contract receivables58,923
107,976
15,653  Prepayments and other current assets, net 4,909,826
5,075,682
735,819  Held-for-sale assets344,553
233,760
33,888Total current assets68,814,146
72,692,213
10,538,156





Non-current assets:




  Restricted long-term investments471,573
890,224
129,055  Long-term investments1,441,683
1,535,223
222,561  Property, plant and equipment, net36,644,813
36,357,086
5,270,671  Land use rights, net2,140,953
2,138,896
310,075  Intangible assets, net445,866
415,816
60,281  Right-of-use assets, net3,617,900
3,547,948
514,344  Deferred tax assets 4,576,302
4,576,302
663,424  Advances to suppliers to be utilised beyond one year605,525
593,541
86,045  Other assets, net 2,026,752
2,217,176
321,423  Available-for-sale securities-non-current238,464
538,401
78,052Total non-current assets52,209,831
52,810,613
7,655,931





Total assets121,023,977
125,502,826
18,194,087





LIABILITIES




Current liabilities:




  Accounts payable 13,707,552
14,135,788
2,049,259  Notes payable 9,996,577
9,790,196
1,419,280  Accrued payroll and welfare expenses2,645,041
2,328,177
337,515  Advances from customers5,316,889
7,263,485
1,052,984  Income tax payables177,580
295,336
42,815  Other payables and accruals12,370,639
11,996,406
1,739,113  Forward contract payables56,129
182,353
26,436  Lease liabilities - current118,363
120,642
17,489 Short-term borrowings, including current portion of long-term
borrowings, and failed sale-leaseback financing10,655,366
11,733,609
1,701,016Total current liabilities55,044,136
57,845,992
8,385,907





Non-current liabilities:




  Long-term borrowings18,206,905
19,058,168
2,762,854  Convertible notes10,594,637
8,876,164
1,286,774  Accrued warranty costs - non current1,655,630
1,568,690
227,412  Lease liabilities-noncurrent3,550,598
3,566,431
517,024  Deferred tax liability29,974
29,974
4,345  Long-term Payables4,371,333
4,405,780
638,704Total non-current liabilities38,409,077
37,505,207
5,437,113





Total liabilities93,453,213
95,351,199
13,823,020





MEZZANINE EQUITY




Redeemable non-controlling interests1,545,058
3,077,503
446,144





SHAREHOLDERS' EQUITY




Total JinkoSolar Holding Co., Ltd. shareholders' equity15,726,132
15,876,001
2,301,536





Non-controlling interests10,299,574
11,198,123
1,623,387





Total shareholders' equity26,025,706
27,074,124
3,924,923





Total liabilities, non-controlling interest and shareholders' equity 121,023,977
125,502,826
18,194,087  



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Original: JinkoSolar Announces First Quarter 2026 Financial Results

JinkoSolar Files 2025 Annual Report on Form 20-FApril 29, 2026 6:39 AM
PR Newswire (US)

SHANGRAO, China, April 29, 2026 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in clean energy technology, today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC") on April 29, 2026.The Company's annual report on Form 20-F contains its audited consolidated financial statements and is available on the Company's website at http://ir.jinkosolar.com or on the SEC's website at www.sec.gov. The Company will provide a hard copy of its annual report, which contains the complete audited financial statements, free of charge to its shareholders and holders of American depositary shares representing its ordinary shares upon request.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 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 March 31, 2026.To find out more, please see: www.jinkosolar.comFor 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.comIn the U.S.:
Email: Email: jinko@christensencomms.com 



View original content:https://www.prnewswire.com/news-releases/jinkosolar-files-2025-annual-report-on-form-20-f-302757101.htmlSOURCE JinkoSolar Holding Co., Ltd.

Original: JinkoSolar Files 2025 Annual Report on Form 20-F

JinkoSolar to Report First Quarter 2026 Results on April 29, 2026April 20, 2026 6:07 AM
PR Newswire (US)

SHANGRAO, China, April 20, 2026 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in clean energy technology, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2026 before the open of U.S. markets on Wednesday, April 29, 2026.JinkoSolar's management will host an earnings conference call on Wednesday, April 29, 2026 at 8:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing / Hong Kong the same day).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/10054439-fub4z5.htmlIt will automatically direct you to the registration page of "JinkoSolar First 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 U.S. Eastern Time, May 6, 2026. The dial-in details for the replay are as follows:International:+61 7 3107 6325U.S.:+1 855 883 1031Passcode:10054439

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 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 March 31, 2026.To find out more, please see: www.jinkosolar.comSafe 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.comMr. Christian Arnell
Christensen
Tel: +852 2117 0861
Email: christian.arnell@christensencomms.comIn the U.S.:Email: jinko@christensencomms.com



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Original: JinkoSolar to Report First Quarter 2026 Results on April 29, 2026

JinkoSolar Announces Fourth Quarter and Full Year 2025 Financial ResultsApril 16, 2026 7:11 AM
PR Newswire (US)

SHANGRAO, China, April 16, 2026 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in clean energy technology, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025.Fourth Quarter and Full Year 2025 Business HighlightsModule shipments for full year 2025 were 86 GW, ranking first in the industry.By the end of the fourth quarter, we became the first module manufacturer in the world to deliver a total of over 390 GW solar modules, with total shipments of the Tiger Neo series surpassing 220 GW, making it the best-selling module series in history.Our N-type TOPCon-based perovskite tandem solar cell achieved a new conversion efficiency record of 34.76%.By the end of the fourth quarter, we had been granted over 700 TOPCon patents, surpassing most competitors on the N-type TOPCon patent list.Full-year energy storage system shipments increased significantly year-over-year, achieving the targets we set at the beginning of the year, while our presence in overseas markets continued to expand.We were recognized as a Tier 1 energy storage provider by Bloomberg New Energy Finance (BNEF) for the eighth consecutive quarter.Fourth Quarter 2025 Operational and Financial HighlightsQuarterly solar modules shipments were 24,204 MW, up 20.9% sequentially and down 4.0% year-over-year.Total revenues were RMB17.51 billion (US$2.50 billion), up 8.3% sequentially and down 15.2% year-over-year.Gross profit was RMB55.1 million (US$7.9 million), down 95.3% sequentially and 93.0% year-over-year.Gross margin was 0.3%, compared with 7.3% in Q3 2025 and 3.8% in Q4 2024.Net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB1.50 billion (US$214.5 million), compared with net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB749.8 million in Q3 2025 and net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB476.7 million in Q4 2024.Adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB837.7 million (US$119.8 million), which excludes the impact of (i) the change in fair value of convertible notes issued by Jinko Solar Co., Ltd. ("Jiangxi Jinko") in 2023, (ii) the change in fair value of long-term investment, (iii) share-based compensation expenses, and (iv) the impairment of long-lived assets, compared with adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB373.1 million in Q3 2025 and adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB430.8 million in Q4 2024.Basic and diluted losses per ordinary share were RMB7.16 (US$1.02) and RMB7.16 (US$1.02), respectively. This translates into basic and diluted losses per ADS of RMB28.65 (US$4.10) and RMB28.65 (US$4.10), respectively.Full Year 2025 Operational and Financial HighlightsAnnual solar modules shipments were 86,056 MW, down 7.3% year-over-year.Total revenues were RMB65.50 billion (US$9.37 billion), down 29.0% year-over-year.Gross profit was RMB1.41 billion (US$201.7 million), down 86.0% year-over-year.Gross margin of 2.2%, compared with 10.9% for the full year of 2024.Net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB4.45 billion (US$635.6 million), down 8,250.2% year-over-year.Adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB3.14 billion (US$448.6 million), which excludes the impact of (i) the change in fair value of convertible notes issued by Jiangxi Jinko in 2023, (ii) the change in fair value of long-term investment, (iii) share based compensation expenses, (iv) the net loss resulting from the fire accident that occurred at one of our silicon wafer slicing and solar cell manufacturing workshops in Shanxi Province in 2024 (the "Fire Accident"), and (v) the impairment of long-lived assets, compared with adjusted net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB521.9 million in 2024.Basic and diluted losses per ordinary share were RMB21.33 (US$3.05) and RMB21.33 (US$3.05), respectively. This translates into basic and diluted losses per ADS of RMB85.31(US$12.20) and RMB85.31 (US$12.20), respectively.Mr. Xiande Li, JinkoSolar's Chairman and Chief Executive Officer, commented, "Global module shipments reached 86 GW in 2025, ranking first globally for the seventh consecutive year. The global photovoltaic industry continued to experience volatility due to structural imbalances and a shifting trade environment, which negatively impacted financials across the industrial chain. Facing persistently low module prices, the elimination of obsolete production capacity, and a still-evolving product mix, we incurred a net loss for the full year. In the fourth quarter, our gross margin decreased sequentially and our net loss expanded, impacted by factors including rising costs of raw materials such as polysilicon and silver, as well as foreign exchange rate fluctuations. However, our energy storage business maintained its rapid growth trajectory, with shipments growing significantly year-over-year, marking an important step in our ongoing transformation into an integrated energy solutions provider. We expect our ESS shipments to more than double in 2026 compared to 2025, as we penetrate into more high-value markets.The Chinese government has continued to strengthen its recent policies supporting the high-quality development of the industry. These policies are guiding the industry away from pure competition on scale and price toward a focus on genuine quality and value. In response, leading companies have been actively support government initiatives to return module prices to reasonable levels. In the first quarter of 2026, this dynamic, combined with the pass-through of rising commodity prices such as silver, as well as the impact of export tax rebates on demand, drove a significant sequential rebound in module prices. As the competitive landscape normalizes and supply—demand dynamics gradually improve, we expect module prices to remain relatively stable going forward, with high efficiency and differentiated products continuing to command a premium. Simultaneously, volatility in global energy markets has highlighted the critical need for energy security, reinforcing the long-term value of reliable renewable energy. As solar power generation enters a market-driven phase, industry competition is transitioning to a model centered on technological innovation, product competitiveness, and the ability to deliver integrated solar plus storage solutions—which we are uniquely positioned to capitalize on.We continue to drive technological breakthroughs and lead industry innovation, highlighting the quality and value we offer. As of the end of the fourth quarter, we became the first module manufacturer in the world to deliver a total of over 390 GW of solar modules, with cumulative shipments of our Tiger Neo series surpassing 220 GW, making it the best-selling module series in history. As of the end of 2025, the maximum laboratory conversion efficiency of our N-type TOPCon cells reached 27.79%, while our N-type TOPCon-based perovskite tandem solar cell achieved a new conversion efficiency record of 34.76%. Our development of silver-coated copper technology is progressing as planned, with large-scale production expected to gradually ramp up in 2026. We also continue to drive product upgrades, with shipments of high-efficiency products that exceed 640 W during the quarter increasing sequentially to approximately 3 GW. As we scale up production of our Tiger Neo 3.0 series this year, the differentiated value proposition of our high-efficiency products will allow us to command higher premiums. Further supporting this is our vertically integrated production model which continues to improve production efficiency and cost competitiveness.As the global energy transition advances and the demand for grid flexibility increases, the role of energy storage within renewable energy systems continues to strengthen. Looking forward to the medium to long term, as the construction of new power systems advances and new load demand grows from data centers, application scenarios for solar and storage systems will continue to broaden. To address growing customer demand, we continued to optimize our global manufacturing and supply chain footprint. Our 2 GW N-type module facility in the U.S. maintained high utilization rates as we further strengthened local manufacturing and service capabilities there.Looking forward, we will continue to consolidate our technological leadership, deepen our global footprint, accelerate the development of our integrated solar + storage solutions, and consistently improve our capabilities to deliver comprehensive value through our solutions. This will steadily strengthen our long-term competitiveness and profitability as the industry landscape reshapes. With this in mind, we expect annual integrated production capacity to reach approximately 100 GW by the end of 2026, including 14 GW from overseas facilities. We expect module shipments to be between 13 GW and 14 GW for the first quarter of 2026, and between 75 GW and 85 GW for the full year 2026."Fourth Quarter 2025 Financial ResultsTotal RevenuesTotal revenues in the fourth quarter of 2025 were RMB17.51 billion (US$2.50 billion), representing an increase of 8.3% from RMB16.16 billion in the third quarter of 2025 and a decrease of 15.2% from RMB20.65 billion in the fourth quarter of 2024. The sequential increase was primarily due to the increase in the shipment volume of solar modules, while the year-over-year decrease was mainly due to the decrease in the average selling price of solar modules.Gross Profit and Gross MarginGross profit in the fourth quarter of 2025 was RMB55.1 million (US$7.9 million), compared with RMB1.18 billion in the third quarter of 2025 and RMB789.7 million in the fourth quarter of 2024.Gross margin was 0.3% in the fourth quarter of 2025, compared with 7.3% in the third quarter of 2025 and 3.8% in the fourth quarter of 2024. The sequential decrease was primarily due to a higher unit cost of products sold, while the year-over-year decrease was mainly due to the decrease in the average selling price of solar modules.Loss from Operations and Operating MarginLoss from operations in the fourth quarter of 2025 was RMB3.26 billion (US$465.7 million), compared with loss from operations of RMB1.40 billion in the third quarter of 2025 and loss from operations of RMB1.94 billion in the fourth quarter of 2024. The sequential and year-over-year increases were primarily attributable to the decrease in our gross margin in the fourth quarter of 2025.Operating loss margin was 18.6% in the fourth quarter of 2025, compared with operating loss margin of 8.7% in the third quarter of 2025 and operating loss margin of 9.4% in the fourth quarter of 2024.Total operating expenses in the fourth quarter of 2025 were RMB3.31 billion (US$473.6 million), representing an increase of 28.0% from RMB2.59 billion in the third quarter of 2025 and an increase of 21.2% from RMB2.73 billion in the fourth quarter of 2024. The sequential and year-over-year increases were primarily due to an increase in the impairment of long-lived assets in the fourth quarter of 2025.Total operating expenses accounted for 18.9% of total revenues in the fourth quarter of 2025, compared to 16.0% in the third quarter of 2025 and 13.2% in the fourth quarter of 2024.Interest Expenses and Interest IncomeInterest expenses were RMB359.0 million (US$51.3 million), and interest income was RMB129.3 million (US$18.5 million) in the fourth quarter of 2025.Net interest expenses in the fourth quarter of 2025 were RMB229.7 million (US$32.8 million), representing an increase of 13.8% from RMB201.8 million in the third quarter of 2025 and a decrease of 1.9% from RMB234.3 million in the fourth quarter of 2024. The sequential increase was primarily due to an increase of interest-bearing debt in the fourth quarter of 2025, while the year-over-year decrease was mainly due to an increase of interest income during the fourth quarter of 2025.Subsidy IncomeSubsidy income in the fourth quarter of 2025 was RMB240.4 million (US$34.4 million), compared with RMB358.6 million in the third quarter of 2025 and RMB900.1 million in the fourth quarter of 2024. The sequential and year-over-year decreases were primarily attributable to the decreases in cash receipt of incentives related to the Company's business operations.Exchange Loss/Gain and Change in Fair Value of Foreign Exchange DerivativesThe Company recorded a net exchange loss (including change in fair value of foreign exchange derivatives) of RMB303.8 million (US$43.4 million) in the fourth quarter of 2025, compared to a net exchange gain of RMB0.9 million in the third quarter of 2025 and a net exchange gain of RMB408.2 million in the fourth quarter of 2024. The sequential and year-over-year changes were mainly attributable to fluctuations in the exchange rate of the US dollar and euro against RMB in the fourth quarter of 2025.Change in Fair Value of Long-term InvestmentThe Company holds certain equity interests in several solar technology companies in the photovoltaic industry, 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 December 31, 2025, the Company had RMB864.4 million (US$123.6 million) in available-for-sale securities and long-term investment (excluding the investments accounted for under the equity method and held-to-maturity debt securities), compared with RMB1.15 billion as of September 30, 2025.The Company recognized a loss from the change in fair value of long-term investment of RMB23.7 million (US$3.4 million) in the fourth quarter of 2025, compared with a gain of RMB60.7 million in the third quarter of 2025 and a gain of RMB332.3 million in the fourth quarter of 2024. The sequential and year-over-year changes were primarily due to the decreases in the fair value of several solar technology companies we invested in.Other Income/Loss, Net Net other income in the fourth quarter of 2025 was RMB26.0 million (US$3.7 million), compared with net other loss of RMB121.1 million in the third quarter of 2025 and net other loss of RMB758.4 million in the fourth quarter of 2024. The sequential and year-over-year changes were mainly due to the changes in the fair value of financial instruments in the fourth quarter of 2025.Equity in Loss/Income of Affiliated CompaniesThe 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 RMB33.8 million (US$4.8 million) in the fourth quarter of 2025, compared with equity in income of affiliated companies of RMB2.9 million in the third quarter of 2025 and equity in loss of affiliated companies of RMB119.2 million in the fourth quarter of 2024. The fluctuations in equity in loss or income of affiliated companies primarily arose from the changes in net losses or gains incurred by the affiliated companies.Income Tax BenefitThe Company recorded an income tax benefit of RMB1.04 billion (US$148.9 million) in the fourth quarter of 2025, compared with income tax benefit of RMB191.6 million in the third quarter of 2025 and income tax benefit of RMB580.5 million in the fourth quarter of 2024.Net Loss Attributable to Non-Controlling InterestsNet loss attributable to non-controlling interests amounted to RMB1.06billion (US$152.0 million) in the fourth quarter of 2025, compared with net loss attributable to non-controlling interests of RMB385.8 million in the third quarter of 2025 and RMB370.2 million in the fourth quarter of 2024. The sequential and year-over-year increases were mainly attributable to the increases in net loss of Jiangxi Jinko, the Company's majority-owned principal operating subsidiary.Net Loss and Losses per ShareNet loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB1.50 billion (US$214.5 million) in the fourth quarter of 2025, compared with net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB749.8 million in the third quarter of 2025 and RMB476.7 million in the fourth quarter of 2024.Excluding the impact of (i) the change in fair value of convertible notes issued by Jiangxi Jinko in 2023, (ii) the change in fair value of the long-term investment, (iii) share-based compensation expenses, and (iv) the impairment of long-lived assets, adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB837.7 million (US$119.8 million) in the fourth quarter of 2025, compared with adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB373.1 million in the third quarter of 2025 and RMB430.8  million in the fourth quarter of 2024.Basic and diluted losses per ordinary share were RMB7.16 (US$1.02) and RMB7.16 (US$1.02), respectively, in the fourth quarter of 2025, compared to basic and diluted losses per ordinary share of RMB3.58 and RMB3.58, respectively, in the third quarter of 2025, and basic and diluted losses per ordinary share of RMB2.32 and RMB2.32, respectively, in the fourth quarter of 2024. As each ADS represents four ordinary shares, this translates into basic and diluted losses per ADS of RMB28.65 (US$4.10) and RMB28.65 (US$4.10), respectively, in the fourth quarter of 2025; basic and diluted losses per ADS of RMB14.32 and RMB14.32, respectively, in the third quarter of 2025; and basic and diluted losses per ADS of RMB9.28 and RMB9.28, respectively, in the fourth quarter of 2024.Full Year 2025 Financial ResultsTotal RevenuesTotal revenues for full year 2025 were RMB65.50 billion (US$9.37 billion), representing a decrease of 29.0% from RMB92.26 billion for full year 2024. The decrease in total revenues was mainly attributable to the decrease in average selling price of solar modules.Gross Profit and Gross MarginGross profit for full year 2025 was RMB1.41 billion (US$201.7 million), a decrease of 86.0% from RMB10.06 billion for full year 2024. The year-over-year decrease was mainly attributable to the decrease in average selling price of solar modules in 2025.Gross margin was 2.2% for full year 2025, compared with 10.9% for full year 2024. The year-over-year decrease was mainly attributable to the decrease in average selling price of solar modules.Loss from Operations and Operating MarginLoss from operations for full year 2025 was RMB8.91 billion (US$1.27 billion), compared with loss from operations of RMB3.34 billion for full year 2024. Operating loss margin for full year 2025 was 13.6%, compared with operating loss margin of 3.6% for full year 2024.Total operating expenses for full year 2025 were RMB10.32 billion (US$1.48 billion), a decrease of 23.0% from RMB13.40 billion for full year 2024. As a percentage of total revenues, operating expenses accounted for 15.8% for full year 2025, compared with 14.5% for full year 2024. The decrease in total operating expenses was primarily due to (i) a reduction in shipping cost, driven by lower solar module shipment volumes and a decline in average freight rate in 2025, and (ii) lower employee compensation costs in 2025.Interest Expenses and Interest IncomeInterest expenses were RMB1.36 billion (US$194.5 million), and interest income was RMB504.1 million (US$72.1 million) for the full year 2025.Net interest expenses for full year 2025 was RMB856.0 million (US$122.4 million), an increase of 17.5% from RMB728.4 million for full year 2024. The increase was mainly due to an increase in interest-bearing debts in 2025.Subsidy IncomeSubsidy income for full year 2025 was RMB1.15 billion (US$164.0 million), compared with RMB2.45 billion for full year 2024. The year-over-year decrease was mainly attributable to a decrease in the cash receipt of incentives to the Company's business operations.Exchange Loss/Gain and Change in Fair Value of Foreign Exchange DerivativesThe Company recorded a net exchange loss (including change in fair value of foreign exchange derivatives) of RMB89.6 million (US$12.8 million) for full year 2025, which was primarily due to the depreciation of the US dollar and euro against RMB. The Company recorded a net exchange gain (including change in fair value of foreign exchange derivatives) of RMB601.0 million for full year 2024. The year-over-year change was mainly driven by the exchange rate fluctuations of the US dollar and euro against RMB in 2025.Change in Fair Value of Long-term InvestmentThe Company holds certain equity interests in several solar technology companies in the photovoltaic industry, 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 December 31, 2025, the Company had RMB864.4 million (US$123.6 million) in available-for-sale securities and long-term investment (excluding the investments accounted for under the equity method and held-to-maturity debt securities), compared with RMB1.05 billion as of December 31, 2024. The Company recognized a gain from change in fair value of long-term investment of RMB33.2 million (US$4.7 million) for full year 2025, compared to a gain of RMB163.5 million for full year 2024.Other Loss/Income, net Net other loss for full year 2025 was RMB512.9 million (US$73.3 million), compared with net other income of RMB796.3 million for full year 2024. The decrease was primarily due to income generated from the disposal of a wholly-owned subsidiary in 2024.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 RMB147.9 million (US$21.1 million) in 2025, compared with equity in loss of affiliated companies of RMB177.0 million in 2024. The fluctuations in equity in loss of affiliated companies primarily arose from the changes in net losses incurred by the affiliated companies.Income Tax Benefit/Expense, NetThe Company recognized an income tax benefit of RMB2.22 billion (US$317.6 million) in 2025, compared with an income tax expense of RMB69.4 million in 2024.Net Loss/Income and Losses/ Earnings per ShareNet loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders in 2025 was RMB4.45 billion (US$635.6 million), compared with a net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB54.5 million in 2024.Excluding the impact of (i) the change in fair value of convertible notes issued by Jiangxi Jinko in 2023, (ii) the change in fair value of the long-term investment, (iii) share based compensation expenses, (iv) the net loss resulting from the Fire Accident, and (v) the impairment of long-lived assets, adjusted net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB3.14 billion (US$448.6 million), compared with adjusted net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB521.9 million in 2024.Basic and diluted losses per share for full year 2025 were RMB21.33 (US$3.05) and RMB21.33 (US$3.05), respectively, compared to basic earnings per share of RMB0.26 and diluted losses per share of RMB1.27, respectively, for full year 2024. This translates into basic and diluted losses per ADS of RMB85.31 (US$12.20) and RMB85.31 (US$12.20), respectively, for full year 2025, compared to basic earnings per ADS of RMB1.04 and diluted losses per ADS of RMB5.06, respectively, for full year 2024.Financial PositionAs of December 31, 2025, the Company had RMB22.94 billion (US$3.28 billion) in cash, cash equivalents, and restricted cash, compared with RMB27.74 billion as of December 31, 2024.As of December 31, 2025, the Company's accounts receivables were RMB13.59 billion (US$1.94 billion), compared with RMB14.07 billion as of December 31, 2024.As of December 31, 2025, the Company's inventories were RMB14.48 billion (US$2.07 billion), compared with RMB12.51 billion as of December 31, 2024.As of December 31, 2025, the Company's total interest-bearing debts were RMB47.01 billion (US$6.72 billion), compared with RMB40.59 billion as of December 31, 2024.Operations and Business Outlook HighlightsFirst Quarter and Full Year 2026 GuidanceThe 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 first quarter of 2026, the Company expects its module shipments to be in the range of 13.0 GW to 14.0 GW.For full year 2026, the Company estimates its module shipments to be in the range of 75.0 GW to 85.0 GW.For full year 2026, the Company expects its ESS shipments to be more than doubled year-over-year.Solar Products Production CapacityThe Company expects its annual integrated production capacity to be 100GW, including 14 GW overseas, by the end of 2026, by the end of 2026.Recent Business Developments In February 2026, Jinko ESS North American business unit has received IEC 62443-2-4 certification from exida, a globally recognized authority in industrial cybersecurity and functional safety.In February 2026, Jiangxi Jinko published certain preliminary unaudited consolidated financial results as of and for the full year ended December 31, 2025.Conference Call InformationJinkoSolar's management will host an earnings conference call on Thursday, April 16, 2026 at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong the same day).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/10054051-xbgjcl.html It will automatically direct you to the registration page of "JinkoSolar Fourth Quarter and Full Year 2025 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 U.S. Eastern Time, April 23, 2026. The dial-in details for the replay are as follows:International: +61 7 3107 6325  
U.S.:      +1 855 883 1031 
Passcode:     10054051Additionally, 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 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 December 31, 2025.To find out more, please see: www.jinkosolar.comCurrency Convenience TranslationThe 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 December 31, 2025, which was RMB6.9931 to US$1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized, or settled into U.S. dollars at that rate or any other rate. The percentages stated in this press release are calculated based on Renminbi.Safe Harbor StatementThis 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 year ended     
Dec 31, 2024
Sep 30, 2025
Dec 31, 2025
Dec 31, 2024Dec 31, 2025
RMB'000
RMB'000
RMB'000
USD'000
RMB'000RMB'000USD'000 Revenues 20,650,730
16,158,497
17,506,784
2,503,437
92,256,30265,497,6469,366,039











 Cost of revenues (19,861,073)
(14,976,562)
(17,451,702)
(2,495,560)
(82,199,191)(64,087,042)(9,164,325)











 Gross profit 789,657
1,181,935
55,082
7,877
10,057,1111,410,604201,714











 Operating expenses: 










   Selling and marketing (1,205,850)
(999,538)
(1,079,837)
(154,415)
(6,641,407)(4,452,053)(636,635)   General and administrative (912,729)
(775,946)
(912,125)
(130,432)
(4,597,700)(3,304,898)(472,594)   Research and development (256,054)
(255,721)
(237,778)
(34,002)
(920,544)(896,899)(128,255)   Impairment of long-lived assets (357,616)
(555,439)
(1,082,104)
(154,739)
(1,242,168)(1,662,078)(237,674) Total operating expenses (2,732,249)
(2,586,644)
(3,311,844)
(473,588)
(13,401,819)(10,315,928)(1,475,158)











 Loss from operations (1,942,592)
(1,404,709)
(3,256,762)
(465,711)
(3,344,708)(8,905,324)(1,273,444) Interest expenses (347,514)
(326,757)
(358,979)
(51,333)
(1,143,079)(1,360,138)(194,498) Interest income 113,255
124,972
129,269
18,485
414,685504,10972,087 Subsidy income 900,142
358,573
240,386
34,375
2,448,7631,146,948164,011 Exchange gain/(loss),net 314,627
(123,417)
(281,948)
(40,318)
484,3647,0061,002 Change in fair value of foreign
exchange derivatives 93,602
124,267
(21,838)
(3,123)
116,654(96,623)(13,817) Change in fair value of Long-term
Investment 332,270
60,677
(23,651)
(3,382)
163,49233,1714,743 Change in fair value of convertible
senior notes -
-
-
-
323,474-- Other (loss)/income, net (758,388)
(121,059)
25,974
3,715
796,296(512,922)(73,347)(Loss)/Income before income taxes(1,294,598)
(1,307,453)
(3,547,549)
(507,292)
259,941(9,183,773)(1,313,263) Income tax benefits/(expenses) 580,537
191,635
1,041,066
148,870
(69,441)2,220,948317,591 Equity in (loss)/income of affiliated
companies (119,161)
2,919
(33,835)
(4,838)
(177,013)(147,862)(21,144) Net (loss)/income (833,222)
(1,112,899)
(2,540,318)
(363,260)
13,487(7,110,687)(1,016,816) Less: Net loss attributable to non-
controlling interests 370,198
385,798
1,062,998
152,007
76,9792,751,476393,456 Less: Accretion to redemption
value of redeemable non-
controlling interests  (13,712)
(22,685)
(22,685)
(3,244)
(35,926)(85,882)(12,281) Net (loss)/income attributable to
JinkoSolar
 Holding Co., Ltd.'s ordinary
shareholders (476,736)
(749,786)
(1,500,005)
(214,497)
54,540(4,445,093)(635,641)











 Net (loss)/income attributable to
JinkoSolar Holding Co., Ltd.'s
 ordinary shareholders per share: 










   Basic (2.32)
(3.58)
(7.16)
(1.02)
0.26(21.33)(3.05)   Diluted (2.32)
(3.58)
(7.16)
(1.02)
(1.27)(21.33)(3.05)











 Net (loss)/income attributable to
JinkoSolar Holding Co., Ltd.'s
   ordinary shareholders per ADS: 










   Basic (9.28)
(14.32)
(28.65)
(4.10)
1.04(85.31)(12.20)   Diluted (9.28)
(14.32)
(28.65)
(4.10)
(5.06)(85.31)(12.20)











 Weighted average ordinary shares
outstanding: 










   Basic 205,490,103
209,429,353
209,429,353
209,429,353
208,607,597208,412,077208,412,077   Diluted 205,490,103
209,429,353
209,429,353
209,429,353
209,981,840208,412,077208,412,077











 Weighted average ADS
outstanding: 










   Basic 51,372,526
52,357,338
52,357,338
52,357,338
52,151,89952,103,01952,103,019   Diluted 51,372,526
52,357,338
52,357,338
52,357,338
52,495,46052,103,01952,103,019











  JINKOSOLAR HOLDING CO., LTD. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)
Dec 31, 2024
Dec 31, 2025
RMB'000
RMB'000
USD'000ASSETS




Current assets:




  Cash,cash equivalents, and restricted cash27,737,976
22,938,381
3,280,145  Restricted short-term investments and short-term investments3,901,442
7,487,415
1,070,686  Accounts receivable, net 14,065,558
13,587,215
1,942,946  Notes receivable, net 3,333,377
3,677,372
525,857  Advances to suppliers, net 2,654,149
1,325,633
189,563  Inventories, net12,509,422
14,484,828
2,071,303  Forward contract receivables115,220
58,923
8,426  Prepayments and other current assets, net 4,490,411
4,909,826
702,096  Held-for-sale assets57,502
344,553
49,270Total current assets68,865,057
68,814,146
9,840,292





Non-current assets:




  Restricted long-term investments1,328,201
471,573
67,434  Long-term investments1,870,253
1,441,683
206,158  Property, plant and equipment, net44,800,692
36,644,813
5,240,139  Land use rights, net1,838,015
2,140,953
306,152  Intangible assets, net461,955
445,866
63,758  Right-of-use assets, net448,555
3,617,900
517,353  Deferred tax assets 2,641,397
4,576,302
654,402  Advances to suppliers to be utilised beyond one year520,376
605,525
86,589  Other assets, net 1,954,935
2,026,752
289,822  Available-for-sale securities-non-current150,922
238,464
34,100Total non-current assets56,015,301
52,209,831
7,465,907





Total assets124,880,358
121,023,977
17,306,199





LIABILITIES




Current liabilities:




  Accounts payable 11,038,668
13,707,552
1,960,154  Notes payable 11,189,801
9,996,577
1,429,492  Accrued payroll and welfare expenses2,779,196
2,645,041
378,236  Advances from customers5,088,596
5,316,889
760,305  Income tax payables703,498
177,580
25,394  Other payables and accruals16,583,912
12,370,639
1,768,979  Forward contract payables20,789
56,129
8,026  Lease liabilities - current145,663
118,363
16,926 Short-term borrowings, including current portion of long-term
borrowings, and failed sale-leaseback financing6,933,899
10,655,366
1,523,697Total current liabilities54,484,022
55,044,136
7,871,209





Non-current liabilities:




  Long-term borrowings20,643,272
18,206,905
2,603,553  Convertible notes8,605,579
10,594,637
1,515,013  Accrued warranty costs - non current2,136,192
1,655,630
236,752  Lease liabilities-noncurrent330,740
3,550,598
507,729  Deferred tax liability56,718
29,974
4,286  Long-term Payables4,387,864
4,371,333
625,092Total non-current liabilities36,160,365
38,409,077
5,492,425





Total liabilities90,644,387
93,453,213
13,363,634





MEZZANINE EQUITY




Redeemable non-controlling interests1,535,926
1,545,058
220,940





SHAREHOLDERS' EQUITY




Total JinkoSolar Holding Co., Ltd. shareholders' equity19,898,909
15,726,132
2,248,806





Non-controlling interests12,801,136
10,299,574
1,472,819





Total shareholders' equity32,700,045
26,025,706
3,721,625





Total liabilities, non-controlling interest and shareholders' equity 124,880,358
121,023,977
17,306,199 



View original content:https://www.prnewswire.com/news-releases/jinkosolar-announces-fourth-quarter-and-full-year-2025-financial-results-302744662.htmlSOURCE JinkoSolar Holding Co., Ltd.

Original: JinkoSolar Announces Fourth Quarter and Full Year 2025 Financial Results

JinkoSolar to Report Fourth Quarter and Full Year 2025 Results on April 16, 2026March 24, 2026 6:00 AM
PR Newswire (US)

SHANGRAO, China, March 24, 2026 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in clean energy technology, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2025 before the open of U.S. markets on Thursday, April 16, 2026.JinkoSolar's management will host an earnings conference call on Thursday, April 16, 2026 at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong the same day).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/10054051-xbgjcl.htmlIt will automatically direct you to the registration page of "JinkoSolar Fourth Quarter and Fiscal Year 2025 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 U.S. Eastern Time, April 23, 2026. The dial-in details for the replay are as follows:International:+61 7 3107 6325
U.S.:+1 855 883 1031
Passcode:10054051



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 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.comMr. Christian Arnell
Tel: +852 2117 0861
Email: christian.arnell@christensencomms.comIn the U.S.:
Email: jinko@christensencomms.com



View original content:https://www.prnewswire.com/news-releases/jinkosolar-to-report-fourth-quarter-and-full-year-2025-results-on-april-16-2026-302723173.htmlSOURCE JinkoSolar Holding Co., Ltd.

Original: JinkoSolar to Report Fourth Quarter and Full Year 2025 Results on April 16, 2026

JinkoSolar's Subsidiary, Jinko Solar Co., Ltd., Announces Certain Preliminary Unaudited Financial Results for Full Year 2025February 27, 2026 7:50 AM
PR Newswire (US)

SHANGRAO, China, Feb. 27, 2026 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in clean energy technology, today announced that its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd. ("Jiangxi Jinko"), published certain preliminary unaudited consolidated financial results as of and for the full year ended December 31, 2025 (the "Jiangxi Jinko Preliminary Unaudited Financial Results"), prepared in accordance with accounting principles generally accepted in the People's Republic of China (the "PRC GAAP").For full year 2025, (i) the preliminary unaudited revenues of Jiangxi Jinko were RMB65.49 billion, a decrease of 29.18% year-on-year, (ii) the preliminary unaudited net loss attributable to shareholders of Jiangxi Jinko was RMB6.79 billion, compared to net profit attributable to the shareholders of Jiangxi Jinko of RMB98.9 million in 2024, and (iii) the preliminary unaudited net loss attributable to shareholders of Jiangxi Jinko, excluding non-recurring gains and losses, was RMB7.64 billion. These results were primarily attributable to a decline in the profitability of Jiangxi Jinko's main business due to a fall in the selling prices of its photovoltaic products.A summary of key financial data from the Jiangxi Jinko Preliminary Unaudited Financial Results is set forth below.
As of December 31, 2025As of December 31, 2024Change
(RMB)(RMB)( %)
(unaudited) (audited)
Total assets119,158,905,900121,109,877,900(1.61)Total equity
attributable to 
parent company  25,461,709,900  32,309,559,900  (21.19) 
   For the Full Year
Ended December 
31, 2025For the Full Year
Ended December 
31, 2024Change
Compared to
Full Year 
Ended December
31, 2024
(RMB)(RMB)( %)
(unaudited) (audited)
Total operating
revenue 65,491,917,40092,471,327,200 (29.18)Operating
profit/(loss) (9,105,563,400)792,964,200 (1,248.29)Loss before
income taxes (9,108,627,100)(77,056,600) N/ANet profit/(loss)
attributable to
owners of parent
company   (6,785,932,400)98,927,600   (6,959.50)Net loss
attributable to
owners of parent
company,
excluding non-
recurring gains and
losses   (7,643,186,700)(932,295,600)   N/AWeighted average
return on equity
(%)  (23.49)0.30 Decreasedby 23.79Basic
earnings/(loss) 
per share (RMB/share)  (0.68)0.01  (6,900.00) Jiangxi Jinko Preliminary Unaudited Financial Results are unaudited and are subject to change upon the completion of the audit process for full year 2025. Jiangxi Jinko Preliminary Unaudited Financial Results should not be viewed as a substitute for the full financial statements of Jiangxi Jinko prepared in accordance with PRC GAAP.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 StatementThis 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.comMr. Christian Arnell
Tel: +852 2117 0861
Email: christian.arnell@christensencomms.comIn the U.S.:Email: jinko@christensencomms.com 



View original content:https://www.prnewswire.com/news-releases/jinkosolars-subsidiary-jinko-solar-co-ltd-announces-certain-preliminary-unaudited-financial-results-for-full-year-2025-302699600.htmlSOURCE JinkoSolar Holding Co., Ltd.

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

Nextpower Enters Multi-Year Gigawatt-Scale Steel Frame Supply Agreement with Jinko Solar (U.S.) Industries Inc. for Advanced Solar ModulesFebruary 17, 2026 9:05 AM
Business Wire
Company Plans to Expand Steel Frames Manufacturing Capacity in the Southeast U.S.


Nextpower™ (NASDAQ: NXT), a leading provider of intelligent power generation technology and solutions for solar power plants, today announced its second major commercial order for U.S.-manufactured steel module frames, entering into a multi-year supply agreement with Jinko Solar (U.S.) Industries Inc. (NYSE: JKS), one of the longest operating solar module manufacturers in the United States.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260217543196/en/
Under the agreement, Nextpower plans to supply more than one gigawatt (GW) of steel frames, scalable to up to 3 GW over a three-year period, to support module manufacturing in Jinko Solar’s Jacksonville, Fla. facility, with production expected mid-2026. This supply arrangement helps underscore the growing market adoption of steel frames as a more structurally durable, cost-effective solution for tier-one solar modules while further localizing the U.S. supply chain.


For developers, U.S.-made steel frames add six percent to a tracker project’s domestic content calculation, according to U.S. Treasury Department guidance.


“Arevon is excited about Nextpower’s introduction of advanced solar module frames that enhance module durability and are designed and manufactured in the USA,” said Justin Johnson, COO of Arevon, a utility-scale solar developer. “Nextpower’s focus on component and system reliability is greatly welcomed for solar projects, especially in areas of extreme weather.”


“This agreement with Jinko Solar represents clear market validation of steel frames as a reliable and cost-effective solution that supports both module durability and U.S. manufacturing priorities,” said Dan Shugar, founder and CEO of Nextpower. “It also reinforces how the U.S. solar industry is industrializing, aligning domestic manufacturing, policy incentives, and proven technology at gigawatt scale.”


To simplify project logistics and reinforce the domestic supply chain, Nextpower plans to further expand its steel frame manufacturing presence in the Southeastern United States to enable direct supply to the Jinko Solar U.S. facility in Jacksonville. This strategy follows Nextpower’s recent expansion of its steel component manufacturing capacity in Memphis – one of more than 25 U.S. factories Nextpower has opened or expanded since 2021.


“Improving module durability and strengthening domestic supply chains are closely linked priorities and areas where Jinko Solar has long been a leader,” said Nigel Cockroft, General Manager at Jinko Solar (U.S.) Industries Inc. “From our fourth generation extreme weather module platform to our Jacksonville facility, which has operated since 2018, we have consistently invested ahead of the market. Partnering with Nextpower to integrate domestically produced steel frames into our U.S. modules is a natural extension of that leadership, aligning with U.S. manufacturing priorities, while delivering greater durability at scale for customers and the broader solar industry.”


Industry-wide reliability data is increasingly shaping procurement decisions for utility-scale solar projects. Independent testing has demonstrated the structural advantages of steel frames, including improved torsional stiffness and reduced deflection under mechanical load—key factors in supporting long-term module reliability.


Nextpower Advanced Frames at Intersolar North America 2026


For sales queries, or to meet with a Nextpower steel frame technology expert at Intersolar Solar North America (San Diego, February 18-20, 2026), contact insidesales@nextpower.com. You can also see Nextpower’s steel frame technology on display this week at the Jinko Solar booth #3017 on the show floor.


About Nextpower (formerly Nextracker)


Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world’s leading energy companies to power what’s next. Learn more at www.nextpower.com.


Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including: statements regarding the potential benefits from the steel frame supply agreement; statements regarding the potential amount of steel frames to be delivered under the supply agreement; statements regarding the market adoption, durability, reliability and cost effectiveness of steel frames; statements regarding the ability for steel frames to support module durability and domestic content; and statements regarding Nextpower’s ability under the steel frame supply agreement to meet project-specific structural and economic requirements. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to: the market demand for products, solutions and services; unexpected costs, charges or expenses resulting from the steel frame supply agreement; potential adverse reactions or changes to business relationships resulting from the announcement; projections regarding the global demand for electricity and solar power; macro-economic trends; and legislative, regulatory and economic developments, including changing business conditions in our industry or markets overall and the economy in general. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties that are also described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Nextpower’s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextpower has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextpower is not aware of or that Nextpower currently believes are immaterial that could also cause actual results to differ from these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextpower assumes no obligation to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217543196/en/
Media Contacts

Alex Peterson

Tigercomm (on behalf of Nextpower)

alex@tigercomm.us

+1.203.313.7699


Brandy Lee

+1.408.930.6186

Media@nextpower.com


Investor Relations Contact

Sarah Lee

Investor@nextpower.com


Original: Nextpower Enters Multi-Year Gigawatt-Scale Steel Frame Supply Agreement with Jinko Solar (U.S.) Industries Inc. for Advanced Solar Modules

JKS recent 52 week low

JKS, new 52 week low

Silver To EXPLODE In 2025? 📈
https://www.youtube.com/shorts/O7qF-40EnxQ $JKS

JKS 10Q expected 5/28

From https://stockinvest.us/stock/JKS

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 72.71% during the next 3 months and, with a 90% probability hold a price between $89.07 and $125.33 at the end of this 3-month period.

Very nice day.

Breaking News: $JKS Why SunPower, JinkoSolar, and Enphase Stocks All Popped 10% and More This Morning

The sun is shining brightly on solar stock investors Wednesday, with shares of solar panel installer SunPower (NASDAQ: SPWR) , solar module-maker JinkoSolar Holding (NYSE: JKS) , and solar inverter inventor Enphase Energy (NASDAQ: ENPH) all soaring more than 10% ...

Got this from JKS - Why SunPower, JinkoSolar, and Enphase Stocks All Popped 10% and More This Morning

* * $JKS Video Chart 11-06-2020 * *

Link to Video - click here to watch the technical chart video

* * $JKS Video Chart 11-05-2020 * *

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Over 10000

Going over 5000

It isn't gonna stop either

Hate to say I told ya so... but I told ya so

Planned?!
Gee, thanks Lex Luthor.

Didn’t quite go as planned. Calls are ripping now off of $60

Do tell!
LOL!!

* * $JKS Video Chart 11-04-2020 * *

Link to Video - click here to watch the technical chart video

* * $JKS Video Chart 10-28-2020 * *

Link to Video - click here to watch the technical chart video

* * $JKS Video Chart 10-23-2020 * *

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Momentum (short term) is going to flip bearish soon.

Best election play right here

Actually looks like it's going to the moon.. solar bro.. replacing oil. JKS will probably be a trillion dollar company soon.

This is going to $36 by next week.

* * $JKS Video Chart 10-22-2020 * *

Link to Video - click here to watch the technical chart video

Back to $32 real quick. Not the short of the century but def the short of the week.

* * $JKS Video Chart 10-21-2020 * *

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* * $JKS Video Chart 10-20-2020 * *

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Squeeze to 500 within a year just watch

It's a runaway train just look at the chart

Gonna squeeze hard here through the election at least.. could squeeze to 500 or beyond IMO

Just In: $JKS Why SunPower, JinkoSolar, and Lithium Americas Stocks All Popped 10% (or More) Monday

Monday dawned bright for stocks in the renewable energy industry . Despite there being a dearth of really good news to explain the spikes, early trading showed that shares of solar panel installer SunPower (NASDAQ: SPWR) , solar module maker JinkoSolar Holding (NYSE: JKS) ...

In case you are interested JKS - Why SunPower, JinkoSolar, and Lithium Americas Stocks All Popped 10% (or More) Monday

* * $JKS Video Chart 10-19-2020 * *

Link to Video - click here to watch the technical chart video

* * $JKS Video Chart 10-13-2020 * *

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* * $JKS Video Chart 10-12-2020 * *

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* * $JKS Video Chart 10-09-2020 * *

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* * $JKS Video Chart 10-08-2020 * *

Link to Video - click here to watch the technical chart video

JUST IN: $JKS Why Renewable Energy Stocks Popped on Wednesday

Shares of multiple renewable energy stocks jumped Wednesday -- with some hitting double digits -- as investors got a little more bullish on the industry. Earlier in the day, Enphase Energy 's (NASDAQ: ENPH) shares were up 8.8%, JinkoSolar (NYSE: JKS) jumped 15.1%, Firs...

Find out more JKS - Why Renewable Energy Stocks Popped on Wednesday

Breaking News: $JKS JinkoSolar Holding Company (JKS) Q2 2020 Earnings Call Transcript

Image source: The Motley Fool. JinkoSolar Holding Company (NYSE: JKS) Q2 2020 Earnings Call Sep 23, 2020 , 8:00 a.m. ET Operator Continue reading For further details see: JinkoSolar Holding Company (JKS) Q2 2020 Earnings Call Transcript ...

Got this from JKS - JinkoSolar Holding Company (JKS) Q2 2020 Earnings Call Transcript

* * $JKS Video Chart 09-23-2020 * *

Link to Video - click here to watch the technical chart video

Just In: $JKS Why JinkoSolar's Shares Popped 21.7% on Wednesday

Shares of solar manufacturer JinkoSolar (NYSE: JKS) jumped as much as 21.7% in trading Wednesday after the company reported second-quarter 2020 results. Shares kept the momentum going throughout the day and were bouncing near 52-week highs at 3 p.m. EDT, up 20.9% for the day. Re...

In case you are interested JKS - Why JinkoSolar's Shares Popped 21.7% on Wednesday

My.booster fund is up nicely here.


Solor stoks are all in pley.

Folow the $$$

NEWS: $JKS JinkoSolar Announces Second Quarter 2020 Financial Results

JinkoSolar Announces Second Quarter 2020 Financial Results PR Newswire SHANGRAO, China, Sept. 23, 2020 SHANGRAO, China , Sept. 23, 2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innov...

Read the whole news JKS - JinkoSolar Announces Second Quarter 2020 Financial Results