Jinko Solar Co., Ltd. Class A

Jinko Solar Co., Ltd. Class A

SSSE:688223
3.85
CNY
+0.05
(+1.32%)
-0.75EPS
48.78BMarket Cap
Oct 31Next Earn
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
0.95
1.55
2.04
2.87
3.53
2.45
2.95
5.82
4.98
8.44
11.8
9.35
6.57
5.94
Basic EPS, GAAP
0.06
0.09
0.1
0.16
0.03
0.03
0.14
0.18
0.14
0.3
0.74
0.01
-0.69
-0.74
Free Cash Flow per Basic Share
0.04
0.02
0.09
0.18
-0.23
-0.05
-0.16
-0.26
-0.73
-1.1
0.44
-0.13
-0.09
- -
Dividend per Share
0.02
0.04
0.03
0.04
0.03
0.02
0.03
0.04
0.05
0.07
0.12
0.26
0.08
0.08
Book Value per Share
0.31
0.44
0.54
0.73
0.84
0.91
1.1
1.56
1.69
2.67
3.43
3.23
2.54
2.35
Tangible Book Value per Share
0.26
0.39
0.49
0.67
0.78
0.83
1.02
1.46
1.55
2.52
3.19
3
2.28
2.12
Basic Weighted Avg Shares
8,000
8,000
8,000
8,000
8,000
10,000
10,000
5,786
8,153
9,795
10,055
9,893
9,973
10,144
Sales/Revenue/Turnover
7,634
12,423
16,316
22,968
28,244
24,509
29,490
33,660
40,570
82,676
118,682
92,471
65,492
60,222
Operating Margin (%)
8.76
8.89
7.26
7.05
1.91
4.12
7.97
7.78
7.33
5.12
8.96
3.44
-7.17
-6.7
Depreciation Expense
340
349
418
450
982
857
956
1,307
1,718
2,895
7,860
7,744
8,224
- -
Net Income, GAAP
449
696
789
1,307
254
274
1,381
1,042
1,141
2,939
7,440
99
-6,882
-7,557
Effective Tax Rate (%)
- -
9.8
18.07
14.32
- -
24.63
11.26
11.77
16.07
6.02
14.42
- -
- -
- -
Profit Margin (%)
5.88
5.61
4.84
5.69
0.9
1.12
4.68
3.09
2.81
3.55
6.27
0.11
-10.51
-12.55
Working Capital
-128
1,100
2,233
1,722
1,337
-378
738
4,909
875
5,458
10,770
18,701
15,271
9,315
LT Debt
859
871
1,297
413
602
479
384
979
1,014
3,709
13,350
23,978
28,536
25,451
Total Equity
2,834
3,985
4,989
6,644
7,808
7,574
9,054
12,514
13,557
26,694
34,360
33,921
26,897
27,308
Return on Invested Capital (%)
- -
10.63
9.68
12.62
- -
1.74
8.33
4.93
4.74
8.43
15.54
- -
- -
- -
Return on Capital (%)
- -
9.63
8.57
11.65
- -
3.94
10.59
8.28
7.45
11.28
17.07
- -
- -
- -
Return on Common Equity (%)
20.48
23.27
20.19
25.79
4.05
3.92
17.21
9.77
8.76
14.6
24.37
0.3
-23.86
-27.46

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
10,796
11,880
14,124
LT Borrowings
24,292
23,596
20,915
LT Finance Leases
4,245
4,253
4,536
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10,005
10,269
10,269
Market Capitalization
56,429
66,854
48,780

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
68,027
71,290
63,132
Cash, Cash Equivalents & STI
28,483
30,174
25,080
Accounts Receivable, Net
13,257
13,209
12,007
Inventories
14,486
17,707
16,474
Total Current Liabilities
52,757
55,583
53,816
Payables & Accruals
- -
- -
- -
ST Debt
10,796
11,880
14,124
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.74%
22.39%
-20.71%
Free Cash Flow
6.56%
14.61%
-35.39%
Net Income, GAAP
-646.19%
-1,366.91%
-7,056.11%
Sales/Revenue/Turnover
20.16%
23.32%
-29.18%
Total Cash Common Dividend
27.21%
52.44%
-70.08%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23,084
24,168
24,519
20,701
92,471
2025
13,843
17,988
- -
17,506
65,492
2026
12,248
12,480
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
- -
- -
-0.11
0.01
2025
-0.14
-0.15
- -
-0.3
-0.69
2026
-0.13
-0.17
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.23
0.02
-0.01
0.26
2025
0.02
0.04
- -
0.01
0.08
2026
0.02
0.02
- -
- -
- -

Company Description

CEO
Hai Yun Cao
Full Time Employees
26,388
Sector
Electronic technology
Industry
Semiconductors
Address
No.1, Lane 1466, Shenchang Road Shanghai SH China 201106
IPO Date
Jan 26, 2022
Business
Jinko Solar Co., Ltd. (688223.SS) operates as a leading global solar module manufacturer and integrated photovoltaic solutions provider, headquartered in Shanghai, China, founded in 2006, with a diversified product portfolio and a worldwide manufacturing and sales footprint. Main products and services: - Photovoltaic modules: crystalline silicon solar modules for residential, commercial, and utility-scale applications; high-efficiency mono-crystalline and multi-crystalline modules; advanced technology variants including half-cell and bifacial designs; certified for various environmental conditions; modular and scalable for utility-scale projects. - PV product suite: ingots, wafers, cells, and completed modules; vertically integrated manufacturing capabilities to control quality and supply chain timing; module testing and certification across international standards. - Solar energy solutions: turnkey solar energy systems for solar power plants, commercial rooftops, and public sector projects; engineering, procurement, and construction (EPC) services; project development and advisory support; after-sales service and performance monitoring. - System integration and services: grid-tied and off-grid solutions; system design optimization, energy yield simulations, and performance warranties; remote monitoring platforms and maintenance services. - Ancillary products and services: racking and mounting hardware, inverters, and energy storage options (BESS) integrated with solar projects; technical support and training for installers and channel partners. Latest major company changes: - Strategic partnerships and alliances: enters co-development and supply agreements to expand module capacity and access new markets; participates in MoUs and collaborations with energy developers to advance large-scale PV projects; strengthens supply chain through strategic supplier relationships and joint ventures in key manufacturing regions. - Financing and corporate actions: raises capital through equity or debt instruments to fund capacity expansion and technology upgrades; undertakes corporate restructurings or reorganizations to streamline operations and improve corporate governance; engages in regional manufacturing expansions to mitigate supply chain risks and shorten delivery times. - Product launches and technology updates: launches high-efficiency module platforms (including advanced N-type TOPCon or equivalent technologies) and enhanced module designs aimed at higher wattage, improved temperature coefficients, and better low-light performance; expands portfolio with integrated energy storage and smart energy management capabilities. - Geographic and manufacturing expansions: opens additional production facilities or expands existing plants to increase annual production capacity, including regional plants in Asia and Southeast Asia to diversify manufacturing footprint; expands service presence to support a broader geographic customer base. - Market positioning and disclosures: reinforces leadership in module shipments globally; updates annual sustainability and emissions targets with third-party validation; expands presence in international policy and industry initiatives related to renewable energy deployment. Additional context: - Industry and segments: solar module manufacturing; PV supply chain components; solar energy project development; EPC and O&M services; energy storage integration. - Target markets: utility-scale developers, commercial and industrial customers, residential installers, and project developers across global markets; serves customers in over 190 countries/regions with a large multinational customer base. - Geographic operations: manufacturing and R&D in China and abroad; sales offices and operations across Asia, Europe, the Americas, and other regions; installation and service networks supporting global projects. - Subsidiaries and parent relationships: operates as a publicly traded subsidiary within a parent corporate structure; maintains regional subsidiaries and joint ventures to support manufacturing, logistics, and local market access. - Founding and headquarters: founded in 2006; headquarters in Shanghai, China; substantial manufacturing presence in multiple sites within China and overseas. - Additional notes: maintains a leadership position in module shipments and participates in international industry frameworks and green initiatives to advance solar deployment and sustainability goals. [classification and business focus] - Core focus remains the design, manufacture, and supply of photovoltaic modules and integrated solar energy solutions, with ongoing emphasis on product innovation, supply chain resilience, global market expansion, and comprehensive customer support to sustain leadership in the competitive solar industry.