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JINKOSOLAR HOLDINGS CO - JKS STOCK NEWS

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a global powerhouse in the solar industry, recognized as one of the world's largest and most innovative manufacturers of solar modules. The company boasts a vertically integrated solar product value chain, with a substantial annual capacity: 3.5 GW for silicon ingots and wafers, 3 GW for solar cells, and 6.5 GW for solar modules. JinkoSolar's expansive operations span across 14 production facilities worldwide, including locations in China, Portugal, South Africa, and Malaysia.

Headquartered in Shangrao, China, JinkoSolar provides cutting-edge solar products and comprehensive solutions to a diverse international clientele comprising utility-scale, commercial, and residential customers. The company's product portfolio includes silicon wafers, solar cells, and high-efficiency solar modules, particularly the N-type TOPCon modules. JinkoSolar's advanced technology and continuous innovation have positioned it at the forefront of the photovoltaic (PV) industry. Notably, JinkoSolar's N-type Tiger Neo module series has gained acclaim for its superior performance and reliability.

JinkoSolar's commitment to innovation is underscored by its robust R&D efforts, with over 15,000 employees, including 200 dedicated R&D professionals, working to push the boundaries of solar technology. The company holds more than 3,500 global patents and has achieved numerous breakthroughs, including setting world records for cell conversion efficiency and module performance. Recently, JinkoSolar reported a landmark perovskite tandem solar cell efficiency of 33.24%, further cementing its leadership in PV technology.

Financially, JinkoSolar continues to demonstrate robust growth. The company reported total revenue of RMB 118.68 billion for 2023, marking a 43.55% year-over-year increase. Net profit attributable to shareholders surged by 153.2% to RMB 7.44 billion. In Q1 2024, JinkoSolar's module shipments grew by 53.3% year-over-year to 19.99 GW, with N-type shipments accounting for nearly 80%. The company's strategic focus on expanding its global footprint and enhancing its production capabilities is evident in its extensive network of 26 overseas subsidiaries and numerous sales offices worldwide.

JinkoSolar has also been proactive in addressing challenges and ensuring operational continuity. For instance, following a fire incident at its Shanxi manufacturing facility, the company swiftly implemented contingency plans to minimize disruptions. JinkoSolar remains committed to sustainable development and the promotion of clean energy solutions globally.

With ambitious plans for the future, JinkoSolar expects its annual production capacity for mono wafers, solar cells, and solar modules to reach 120 GW, 110 GW, and 130 GW, respectively, by the end of 2024. The company continues to lead the global transition towards renewable energy, driven by its technological excellence and unwavering commitment to innovation and sustainability.

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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.

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JinkoSolar has launched its Second Generation Tiger Neo panel family, showcasing cutting-edge solar technology. The new panels deliver power outputs of up to 635Wp and efficiencies of 22.27% to 23.23%. Enhanced features include a bifacial factor of up to 85%, optimized temperature coefficient, and improved low-light performance. With a projected lifespan of 15 years and a warranty of 30 years, these panels offer robust reliability. JinkoSolar aims to enhance solar efficiency and system performance through its innovative N-type technology.

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced the results of its 2022 annual general meeting (AGM) held on December 27, 2022. Shareholders approved several resolutions, including the re-election of Mr. Haiyun Cao as a director and the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors for 2022. However, the proposed re-election of Mr. Kangping Chen was rejected by shareholders. Following the AGM, the board now comprises six directors, including three independent directors.

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JinkoSolar has achieved a significant milestone by setting a new record for solar conversion efficiency at 26.4% with its 182 mm N-type monocrystalline silicon solar cell. This breakthrough, verified by the National Institute of Metrology in China, surpasses their previous record of 26.1%. The Company attributes this success to its dedicated R&D team and innovative technologies. Dr. Jin Hao, CTO, expressed confidence in continued advancements in efficiency and cost-effectiveness, contributing to the clean energy transition.

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JinkoSolar (NYSE: JKS) announced it will supply approximately 522 MW of Tiger Neo 78 Cell modules for Phase 1 of the Santa Luzia Complex Project in Paraíba, Brazil. This project, which will eventually generate 1.2 GW of power, has an estimated investment of BRL 4.1 billion and will create 750 direct jobs. The shipment of modules for Phase 1 began in November 2022 and is expected to complete by May 2023, with commercial operations starting in January 2024. The partnership with Rio Alto Energies Renováveis enhances project reliability and reflects Brazil's commitment to renewable energy.

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JinkoSolar Holding Co. (NYSE: JKS) will hold its 2022 annual general meeting on December 28, 2022, at 10:00 a.m. Beijing time. Key agenda items include the re-election of directors Kangping Chen and Haiyun Cao, and ratification of PricewaterhouseCoopers as auditors for fiscal year 2022. Only shareholders of record as of November 28, 2022, are eligible to vote. The notice and the 2021 Annual Report are available on the company’s website. JinkoSolar is a leading global solar module manufacturer with extensive international operations.

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JinkoSolar (NYSE: JKS) announced a significant achievement with its 182 mm N-type module reaching a maximum solar conversion efficiency of 23.86%, surpassing its previous record of 23.53% set in July 2021. This breakthrough was validated by TÜV Rheinland, showcasing the effectiveness of JinkoSolar's TOPCon cell technology and advanced manufacturing techniques. The innovative design reduces internal resistance loss, paving the way for mass production of high-efficiency solar products. JinkoSolar aims to lead the solar industry with its N-type technology, enhancing product reliability and efficiency to meet market demands.

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JinkoSolar (NYSE: JKS) reported strong financial results for Q3 2022, with total revenues of RMB19.52 billion (US$2.74 billion), up 127.8% year-over-year. Quarterly shipments reached 10,856 MW, doubling from the previous year. Notably, net income surged to RMB549.8 million (US$77.3 million), compared to a loss in Q2 2022. The gross margin improved to 15.7%, boosted by higher N-type module shipments. Looking ahead, JinkoSolar anticipates Q4 module shipments between 13.0 GW to 15.0 GW, reflecting robust market demand, while maintaining an optimistic production capacity outlook for 2023.

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JinkoSolar's subsidiary, Jiangxi Jinko, reported preliminary unaudited results for the nine months ending September 30, 2022. The net income attributable to shareholders is estimated between RMB1.65 billion and RMB1.70 billion, representing a year-over-year increase of 128.77% to 135.70%. Excluding extraordinary gains and losses, the net income is projected between RMB1.50 billion and RMB1.55 billion, a notable rise of 412.20% to 429.27%. Caution is advised as these figures reflect different accounting standards compared to JinkoSolar's consolidated financials.

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FAQ

What is the current stock price of JINKOSOLAR HOLDINGS CO (JKS)?

The current stock price of JINKOSOLAR HOLDINGS CO (JKS) is $23.8 as of December 20, 2024.

What is the market cap of JINKOSOLAR HOLDINGS CO (JKS)?

The market cap of JINKOSOLAR HOLDINGS CO (JKS) is approximately 1.2B.

What does JinkoSolar Holding Co., Ltd. do?

JinkoSolar is a leading global manufacturer of solar products, providing solar modules, cells, and silicon wafers. The company serves a diverse range of utility-scale, commercial, and residential customers worldwide.

Where are JinkoSolar's production facilities located?

JinkoSolar operates 14 production facilities globally, including locations in China, Portugal, South Africa, and Malaysia.

What are JinkoSolar's recent financial highlights?

In 2023, JinkoSolar reported total revenue of RMB 118.68 billion, a 43.55% increase year-over-year, and a net profit of RMB 7.44 billion, a 153.2% increase year-over-year.

What is JinkoSolar's role in the solar industry?

JinkoSolar is recognized as one of the world's largest and most innovative solar module manufacturers, leading advancements in solar technology and efficiency.

What recent technological achievements has JinkoSolar made?

JinkoSolar has achieved a record perovskite tandem solar cell efficiency of 33.24% and has continuously set new benchmarks in PV technology.

How does JinkoSolar support sustainability?

JinkoSolar is dedicated to promoting clean energy solutions globally, contributing to the reduction of carbon emissions through advanced solar products and technologies.

What is the capacity of JinkoSolar's solar module production?

By the end of 2024, JinkoSolar expects its annual production capacity to reach 130 GW for solar modules.

What are JinkoSolar's future plans?

JinkoSolar plans to expand its production capacities and maintain its leading position in the N-type solar module market, expecting nearly 90% of its shipments to be N-type modules by the end of 2024.

How does JinkoSolar ensure product quality and innovation?

JinkoSolar employs over 200 R&D professionals and holds more than 3,500 global patents, continuously driving technological innovation and product excellence.

How can I get in touch with JinkoSolar for investor or media inquiries?

For investor and media inquiries, you can contact Ms. Stella Wang at JinkoSolar Holding Co., Ltd. via email at ir@jinkosolar.com or call +86 21-5180-8777 ext.7806.

JINKOSOLAR HOLDINGS CO

NYSE:JKS

JKS Rankings

JKS Stock Data

1.18B
33.25M
33.87%
26.18%
10.36%
Solar
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United States of America
Shangrao