Welcome to our dedicated page for JINKOSOLAR HOLDINGS CO news (Ticker: JKS), a resource for investors and traders seeking the latest updates and insights on JINKOSOLAR HOLDINGS CO stock.
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.
JinkoSolar (NYSE: JKS), a prominent solar module manufacturer, announced a breakthrough in its N-type TOPCon-based perovskite tandem solar cell, achieving a record 33.24% conversion efficiency. Tested by the Shanghai Institute of Microsystem and Information Technology, this surpasses the previous 32.33% record. Leveraging innovations like ultra-thin poly-Si passivated contact and novel light-trapping technology, this advancement demonstrates the synergy between TOPCon and next-gen perovskite/silicon tandem cells, breaking the efficiency ceiling of single-junction silicon cells. JinkoSolar's extensive R&D has resulted in over 3,800 global patent applications, with 3,500 granted. CTO Dr. Jin Hao highlights this achievement as a testament to the company’s commitment to technological innovation, aiming to build a sustainable energy future.
JinkoSolar Holding announced that its 2000-Volt EAGLE® Modules are the first to achieve UL certification for UL61730-1, UL61730-2, and IEC 61215 standards. These high-quality modules, certified in collaboration with UL Solutions, will be selectively deployed in the U.S. in Q3 2024, with general market availability in 2025.
The 2000-Volt modules enhance utility-scale project efficiency by increasing string lengths, reducing system component costs, and minimizing energy loss, thus offering a more competitive levelized cost of energy and higher ROI for projects. This milestone represents a significant advancement since the introduction of 1500-Volt modules eight years ago.
UL Solutions praised the collaboration, emphasizing their commitment to industry competitiveness and safety. JinkoSolar highlighted its strength in R&D and cost-effective scaling of advanced technologies to benefit U.S. customers.
JinkoSolar delivered over 1.1 million Tiger Neo modules to The Witznitz Solar Park in Germany, part of a 650 MW module capacity project. The facility, managed by MOVE ON Energy, is the biggest PV project in Germany and among the largest in Europe. The project includes investment from SIGNAL IDUNA and a 15-year PPA with Shell Energy Europe, aiming to produce 0.6 terawatt hours of electricity annually.
JinkoSolar, one of the largest and most innovative solar module manufacturers in the world, has repurchased a total of 4,203,178 ADSs in an aggregate amount of approximately US$104.1 million in the open market under its share repurchase program. The company extended its share repurchase program announced in July 2022 for an additional 18-month period through June 30, 2025. As of the date of this press release, approximately US$95.9 million of the Company's ordinary shares represented by the ADSs under the extended share repurchase program had not been utilized. The Company may continue to repurchase its ADSs through open-market transactions, privately negotiated transactions, or block trades, and/or other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations.
JinkoSolar Holding Co., (NYSE: JKS) reported that its module shipments grew by 53.3% year-over-year to 19.99 GW in the first quarter of 2024, ranking first in the industry. This included 21,907 MW of quarterly shipments, generating total revenues of RMB23.04 billion, with a gross profit of RMB2.74 billion. The company's net income attributable to JinkoSolar Holding Co., 's ordinary shareholders was RMB 609.4 million in Q1 2024. The company is optimistic about global market demand and expects its module shipments to be between 24.0 GW and 26.0 GW for the second quarter of 2024, and between 100.0 GW and 110.0 GW for the full year 2024. The company's chairman & CEO, Mr. Xiande Li, commented on the company's strong performance and leading industry position, emphasizing the potential for continued growth in global PV demand.
JinkoSolar Holding Co., provided information on a fire accident at one of its silicon wafer slicing and solar cell manufacturing workshops in Shanxi Province. The fire broke out on April 26, 2024, with no casualties. The incident is expected to impact the Company's operations and financial results in 2024, and the Company is taking measures to minimize disruption and ensure business continuity.
FAQ
What is the current stock price of JINKOSOLAR HOLDINGS CO (JKS)?
What is the market cap of JINKOSOLAR HOLDINGS CO (JKS)?
What does JinkoSolar Holding Co., Ltd. do?
Where are JinkoSolar's production facilities located?
What are JinkoSolar's recent financial highlights?
What is JinkoSolar's role in the solar industry?
What recent technological achievements has JinkoSolar made?
How does JinkoSolar support sustainability?
What is the capacity of JinkoSolar's solar module production?
What are JinkoSolar's future plans?
How does JinkoSolar ensure product quality and innovation?
How can I get in touch with JinkoSolar for investor or media inquiries?
