Welcome to our dedicated page for Jinkosolar Hold news (Ticker: JKS), a resource for investors and traders seeking the latest updates and insights on Jinkosolar Hold stock.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) drives global solar innovation through vertically integrated manufacturing and advanced N-type TOPCon technology. This page consolidates official announcements and market-moving developments for stakeholders tracking renewable energy sector leadership.
Access curated updates including quarterly earnings, product launches, strategic partnerships, and sustainability initiatives. Investors gain insights into operational milestones while analysts find reliable data on manufacturing expansions and efficiency breakthroughs.
All content undergoes strict verification to ensure accuracy across financial disclosures, technological advancements, and global market activities. Bookmark this hub for real-time access to JinkoSolar's evolving role in shaping photovoltaic industry standards.
The global off-grid solar power systems market is projected to expand by USD 3,263.94 million from 2022 to 2027, with a CAGR of 11.92%. Major drivers include the high costs associated with grid expansion and the increasing adoption of decentralized power solutions in regions like sub-Saharan Africa and developing Asia. The APAC region is anticipated to contribute 48% of market growth, supported by favorable government policies and declining technology costs. Low awareness of alternative sustainable technologies poses a challenge to market growth, but overall, the demand for off-grid solar systems is rising as communities seek affordable electricity solutions.
The global silicon metal market is projected to exceed 2,900 kilotons by the end of 2023, with a CAGR of over 5% from 2023 to 2028. The surge in demand for aluminum-silicon alloys, driven by electric vehicles and rising production of electronic devices, is expected to enhance silicon metal consumption. However, lower silicon production in China poses a challenge to market growth. The solar panel industry, accounting for 95% of silicon module sales, is a significant driver, with renewable power capacity anticipated to grow by 50% by 2023. The Asia-Pacific region, particularly China, will dominate the market with key applications in automotive and electronics.
The latest press releases from the technology industry include significant developments such as Microsoft partnering with Boosteroid to enhance cloud gaming, and Voyager Space acquiring ZIN Technologies to advance its space infrastructure. Noteworthy announcements include Paper's acquisition of Readlee to combat literacy issues using AI, and Montavista's launch of new lithium metal batteries boosting drone flight time by 60-80%. Additionally, DigitalReef's merger with Gamers Club aims to disrupt the $360 billion gaming market. JinkoSolar also released its financial results for Q4 and full year 2022, highlighting the ongoing trends in business technology.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) reported strong financial results for Q4 and full year 2022, driven by robust global demand for solar modules. Q4 shipments reached 16,802 MW, a 73.3% year-over-year increase, with total revenues of RMB30.40 billion (US$4.41 billion), up 85.5%. Annual revenues hit RMB83.53 billion (US$12.11 billion), a 104.6% increase. While gross profit rose to RMB12.35 billion (US$1.79 billion), the gross margin fell to 14.8% due to rising silicon costs. Net income attributable to shareholders for 2022 was RMB665.2 million (US$96.4 million), down 7.7%. JinkoSolar anticipates module shipments of 11.0 GW to 13.0 GW in Q1 2023 and 60.0 GW to 70.0 GW for the full year 2023.
JinkoSolar (NYSE: JKS), a leading global solar module manufacturer, will release its unaudited financial results for Q4 and the full year ended December 31, 2022 on March 10, 2023, prior to U.S. market opening. Management will conduct an earnings conference call at 7:30 a.m. Eastern Time on the same day. Participants must register in advance to receive dial-in numbers. A replay will be available two hours post-conference until March 17, 2023. Live and archived webcasts can be accessed via JinkoSolar's investor relations website.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for the year 2022. The company's preliminary revenues stood at RMB83.08 billion with a net income of RMB2.95 billion. Excluding extraordinary gains and losses, the net income was RMB2.65 billion. Notably, these results are prepared under different accounting standards compared to JinkoSolar’s consolidated financials, so investors should exercise caution. JinkoSolar holds an approximate 58.62% equity interest in Jiangxi Jinko. The unaudited figures are subject to change pending the full audit process.
The photovoltaic market is set to grow from USD 96.5 billion in 2023 to USD 155.5 billion by 2028, with a CAGR of 10.0%.
This growth is driven by increasing solar installations due to government incentives, the adoption of PV systems for residential use, and decreasing costs of PV systems. Ground-mounted systems dominate the market, with the half-cell module segment expected to see significant growth due to their higher power capacity and durability. The residential sector remains strong, aided by declining costs and incentives in countries like India and the US. However, challenges include land acquisition issues and a lack of skilled labor for PV installation.
The photovoltaic market is projected to expand from USD 96.5 billion in 2023 to USD 155.5 billion by 2028, achieving a 10.0% CAGR during this period, according to MarketsandMarkets™.
The growth is primarily fueled by increasing solar installations due to government incentives, rising adoption of PV systems for residential use, and plummeting costs of photovoltaic systems.
The utilities application is expected to dominate the market share, driven by environmentally friendly solar power plants and supportive governmental schemes. Asia Pacific is anticipated to hold the largest market share by 2028, with significant contributions from key players like JinkoSolar, JA Solar, and Trina Solar.
The solar photovoltaic services (PV) market is expected to grow at a remarkable 14.6% YOY from 2022 to 2023, driven primarily by increasing installations and government support, as per Technavio. The market is projected to expand by USD 16,359.62 million at a CAGR of 15.38% from 2022 to 2027, with APAC accounting for 74% of this growth. This surge is propelled by rising environmental concerns and the adoption of renewable energy sources. However, challenges like recycling scrap from solar PV systems pose significant hurdles for growth in this sector.
JinkoSolar (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for the year ended December 31, 2022. The estimated net income attributable to shareholders of Jiangxi Jinko is projected to range from RMB2.66 billion to RMB2.96 billion, a year-over-year increase of approximately 133.05% to 159.33%. Excluding extraordinary items, net income is expected between RMB2.50 billion and RMB2.80 billion, reflecting a significant increase of 371.17% to 427.71% year-over-year. Investors are cautioned that these results differ from JinkoSolar’s consolidated financials due to varying consolidation scopes and accounting standards.
