JinkoSolar Holding Co., Ltd.

JinkoSolar Holding Co., Ltd.

JKS
JinkoSolar Holding Co., Ltd.US flagNew York Stock Exchange
11.98
USD
-0.21
- -
156.85MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
301.17
316.83
496.05
680.09
821.22
651.28
702.54
785.28
856.47
1,679.3
2,285.52
1,768.99
1,257.08
1,110.23
Basic EPS, GAAP
8
21.89
21.95
58.05
4.4
10.57
21.22
5.15
15.13
12.54
66.39
1.05
-85.31
-64.98
Free Cash Flow per Basic Share
-16.23
-92
-54.95
-191.03
-86.24
-51.46
-54.47
-79.46
-173.19
-366.3
-38.99
143.45
-42.58
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
10.78
10.5
9.34
- -
Book Value per Share
18.6
28.22
34.44
50.98
50.62
49.98
51.99
53.29
57.91
81.2
96.65
96.83
75.09
69.72
Tangible Book Value per Share
15.1
24.96
31.49
47.26
46.87
46.09
48.45
49.04
51.9
73.69
85.19
85.64
62.74
58.2
Basic Weighted Avg Shares
24
31
31
31
32
38
42
45
48
50
52
52
52
52
Sales/Revenue/Turnover
7,079
9,741
15,454
21,401
26,473
25,043
29,746
35,129
40,827
83,127
118,679
92,256
65,498
58,271
Operating Margin (%)
9.28
9.23
7.92
7.68
1.79
2.84
6.26
5.95
4.51
2.28
6.66
0.38
-9.31
-6.7
Depreciation Expense
363
442
631
788
616
817
979
1,383
1,802
2,760
8,189
7,818
8,030
- -
Net Income, GAAP
188
673
684
1,827
142
406
899
230
721
621
3,447
55
-4,445
-3,411
Effective Tax Rate (%)
7.93
- -
11.59
20.64
3.11
1.08
22.22
31.5
17.81
30.62
16.83
26.71
- -
- -
Profit Margin (%)
2.66
6.91
4.42
8.54
0.54
1.62
3.02
0.66
1.77
0.75
2.9
0.06
-6.79
-5.85
Working Capital
-1,894
-120
3,872
1,333
-355
-1,287
411
2,465
65
3,391
1,885
14,381
13,770
7,426
LT Debt
1,162
3,293
2,165
489
1,217
2,593
3,177
7,892
11,617
14,503
16,581
29,580
32,352
27,793
Total Equity
2,021
3,533
4,352
6,460
6,689
8,454
12,441
12,991
14,287
27,004
33,534
34,236
27,571
28,830
Return on Invested Capital (%)
10.06
- -
8.98
8.71
2.47
3.2
5.12
3.93
3.28
2.07
7.89
0.29
- -
- -
Return on Capital (%)
6
- -
6.38
13.11
2.33
3.55
4.62
1.61
2.55
0.67
1.72
1.08
- -
- -
Return on Common Equity (%)
11.14
24.4
17.47
33.88
2.16
5.6
10.48
2.39
6.85
4.53
18.89
0.27
-24.95
-46.71

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
20,770
21,644
21,914
LT Borrowings
26,819
27,934
24,011
LT Finance Leases
5,533
3,566
3,781
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
209
209
209
Market Capitalization
37,810
36,727
23,911

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
68,814
72,692
63,730
Cash, Cash Equivalents & STI
24,194
22,810
25,708
Accounts Receivable, Net
13,587
13,767
12,607
Inventories
14,485
17,709
16,473
Total Current Liabilities
55,044
57,846
56,304
Payables & Accruals
28,901
28,938
27,980
ST Debt
20,770
21,644
21,914
Deferred Revenue
5,317
7,263
6,337

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.57%
21.16%
-19.47%
Free Cash Flow
-19.69%
-87.23%
-129.65%
Net Income, GAAP
-738.55%
-1,538.79%
-8,250.15%
Sales/Revenue/Turnover
20.5%
22.27%
-29%
Total Cash Common Dividend
- -
- -
-11.11%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23,044
24,053
24,508
20,651
92,256
2025
13,844
17,989
16,158
17,507
65,498
2026
12,249
12,357
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.29
-1.93
0.44
-9.28
1.05
2025
-25.58
-16.81
-14.32
-28.65
-85.31
2026
-8.85
-13.19
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10.5
2025
- -
- -
- -
- -
9.34
2026
- -
- -
- -
- -
- -

Company Description

CEO
Xiande Li
Full Time Employees
26,409
Sector
Energy
Industry
Solar
Address
1 Jingke Road Guangxin JX People's Republic of China 334100
IPO Date
May 14, 2010
Business
JinkoSolar Holding Co., Ltd. operates as a leading global manufacturer in the photovoltaic (PV) industry, specializing in the design, development, production, and marketing of solar power products. Its core products include silicon wafers; solar cells; high-efficiency solar modules and panels under various categories such as monofacial, bifacial, half-cut cells, and multi-busbar designs; and integrated energy storage systems for residential and commercial applications. The company also provides solar system integration services and smart energy management solutions, serving diversified end markets including residential, commercial, and utility-scale solar installations. JinkoSolar operates a vertically integrated manufacturing model with production facilities in China, Malaysia, Vietnam, and the United States, supported by a global sales and service network spanning over 190 countries. It distributes its products and services through subsidiaries in major markets including the US, Europe, India, South Korea, Japan, and more. Founded in 2006 and headquartered in Shangrao, China, JinkoSolar reported an integrated annual manufacturing capacity in excess of 120 gigawatts for mono wafers, 95 gigawatts for solar cells, and 130 gigawatts for solar modules as of late 2024. Recent strategic developments include a major joint venture in Saudi Arabia formed in 2024 with Renewable Energy Localization Company and Vision Industries Company to produce 10 GW of high-efficiency solar cells and modules. The company continues to leverage advanced TOPCon technology in its new Tiger Neo 3.0 modules launched in 2025, which deliver improved performance and reliability. JinkoSolar also completed a sale of A shares in its main operating subsidiary to reinforce financial and operational flexibility. In business strategy, it is focusing on emerging market expansion, selective capacity growth, and enhanced product innovation while navigating industry-wide pricing pressures and consolidations. Its recent financial performance reflects challenges from oversupply but demonstrates resilience through robust technology, optimized capacity, and strong overseas market channels. JinkoSolar serves utility, commercial, and residential customers globally with a notable presence in China, the United States, Japan, Europe, South America, India, and the Middle East. The company’s subsidiaries and affiliates form a comprehensive global footprint, including over 20 overseas subsidiaries and localized sales teams to support growth markets. JinkoSolar is also expanding its clean energy services portfolio, including power plant development, plant asset management, virtual power plants, PV-assisted hydrogen production, and carbon trading through affiliated companies. Overall, JinkoSolar stands as a vertically integrated solar technology and clean energy leader, delivering a broad array of advanced photovoltaic products, energy storage solutions, and integrated services with ongoing strategic investments that target scalability, advanced technology adoption, and geographic diversification. It aims to maintain its position as one of the world's largest and most innovative solar manufacturers while navigating evolving market dynamics and sustainability leadership.

Company News

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JinkoSolar Holding Co., Ltd. - JKS

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JinkoSolar Holding Co., Ltd. - JKS

  • JinkoSolar: Things Could Be Better From Here, But The Market Hasn't Priced It In

  • JinkoSolar Holding Co., Ltd. (JKS) Q2 2026 Earnings Call Transcript

  • JinkoSolar Q2 Earnings Call Highlights

  • JinkoSolar Announces Second Quarter 2026 Financial Results

  • JinkoSolar Appoints New Chief Executive Officer

  • JinkoSolar to Report Second Quarter 2026 Results on August 26, 2026

  • JinkoSolar's Tiger Neo 3.0 Modules Receive TÜV Rheinland Verification for Advanced Shading Resistance and Hail Resistance

  • JinkoSolar Is Deeply Undervalued, The Industry Now Needs To Act

  • JinkoSolar Earns RETC's "Overall Highest Achiever" Award for the Seventh Consecutive Year

  • JinkoSolar Announces Cash Dividend

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JinkoSolar Holding Co., Ltd. - JKS

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JinkoSolar Holding Co., Ltd. - JKS

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JinkoSolar Holding Co., Ltd. - JKS

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JinkoSolar Holding Co., Ltd. - JKS

  • Solar Subsidies Likely To Top Agenda At Trump-Xi Meeting

  • FH Capital to Acquire 75.1% Majority Stake in JinkoSolar's U.S. Manufacturing Operations, Establishing a Premier Domestic Solar and BESS Platform

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of JinkoSolar Holding Co., Ltd. - JKS

  • Investigation Alert: Levi & Korsinsky Investigates Securities Fraud Claims Against JinkoSolar Holding Co., Ltd. (JKS)