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JINKOSOLAR HOLDINGS CO - JKS STOCK NEWS

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.

News

JinkoSolar Extends Share Repurchase Program

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) has extended its share repurchase program for an additional 18-month period through June 30, 2025. The company is authorized to repurchase up to US$200 million of its ordinary shares represented by American depositary shares (ADSs). As of the date of the press release, approximately US$9.1 million of the ADSs had been repurchased, leaving approximately US$190.9 million remaining. The company plans to use its existing funds and external financing to fund repurchases made under the Share Repurchase Program.
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JinkoSolar awarded ESG Transparency Award from EUPD Research

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) has been awarded the ESG Transparency Award from EUPD Research for outstanding achievements in sustainability reporting. The company's ESG performance was recognized positively, particularly in the categories of labor and human rights, and sustainable procurement. JinkoSolar aims to achieve long-term sustainability under environmental, social, and economic dimensions, emphasizing the importance of collaborations, partnerships, and shared goals to meet global demand.
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JinkoSolar BESS SunGiga Receives PV Magazine's Publisher's Pick Award 2023

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) has been honored with the PV Magazine Publisher's Pick Award 2023 for its SunGiga commercial and industrial energy storage system. SunGiga features an intelligent power conversion system and liquid cooling control modes that reduce consumption by 30% and increase space utilization by 38%. The system's distinctive liquid-cooling design optimizes heat dissipation and enhances energy density, requiring less space for 215 kWh of battery capacity. JinkoSolar's Vice President, Ms. Dany Qian, expressed pride in the award, emphasizing the company's commitment to advancing secure, efficient, and groundbreaking renewable energy solutions.
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JinkoSolar to participate at COP28 United Nations climate conference

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced its participation at the COP28 United Nations climate change conference in Dubai, emphasizing its leadership in the solar energy sector and commitment to addressing global warming. The company will deliver a keynote speech and engage in side events to promote a just, equitable, and affordable energy transition for all. Jinkosolar has committed to powering 100% of its business activities with renewable energy by 2028, positioning itself as a key player in the fight against climate change.
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JinkoSolar Schedules 2023 Annual General Meeting to be Held on December 27, 2023

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) to hold its 2023 annual general meeting on December 27, 2023, in Shanghai, China. The meeting will include the re-election of directors, appointment of auditors, determination of auditors' remuneration, consideration of financial statements, and other matters. Shareholders of record as of November 24, 2023, are eligible to vote. The complete audited financial statements and reports are available on the Company's website.
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JinkoSolar's Wafer Factory in Sichuan Leshan Is First Wafer Factory to Receive Zero Carbon Factory Certification

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) has achieved 'Zero Carbon Factory' certification for its wafer factory in Sichuan Leshan, showcasing its commitment to sustainable development, energy saving, emission reduction, and environmental protection. The certification, awarded by TÜV Rheinland, recognizes JinkoSolar's advanced green business practices and sets a new standard for green factories worldwide.
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JinkoSolar Announces Third Quarter 2023 Financial Results

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JinkoSolar Holding Co., Ltd. announced its unaudited financial results for Q3 2023. Module shipments increased 20.4% sequentially and 107.9% YoY. N-type module shipments accounted for over 60% of all shipments globally. Quarterly shipments were 22,597 MW, with total revenues of RMB31.83 billion. Gross profit increased 28.2% sequentially, and net income was RMB1.32 billion.
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/C O R R E C T I O N -- JinkoSolar Holding Co., Ltd./

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JinkoSolar announces its Q3 2023 financial results, reporting a 20.4% increase in module shipments, reaching a total of 190 GW solar modules delivered worldwide. N-type module shipments accounted for over 60% of all module shipments globally. Total revenues were RMB31.83 billion (US$4.36 billion), up 3.7% sequentially and up 63.1% year-over-year. Gross profit was RMB6.13 billion (US$840.6 million), up 28.2% sequentially and up 99.7% year-over-year. Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB1.32 billion (US$181.4 million), compared to RMB1.31 billion in Q2 2023 and RMB549.8 million in Q3 2022.
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JinkoSolar's High-efficiency N-Type Monocrystalline Silicon Solar Cell Sets New Record with Maximum Conversion Efficiency of 26.89%

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JinkoSolar announces a major technical breakthrough with a maximum solar conversion efficiency of 26.89% for its 182 mm and above large-size monocrystalline silicon TOPCon solar cell. The achievement has been independently confirmed by the National PV industry Measurement and Testing Center. The company's R&D department developed advanced metallization enhancement technology, high energy bulk material passivation technology, and high-performance light trapping passivating contact technology. JinkoSolar's self-developed HOT technologies and material upgrades were integrated into the cell process to set this new record.
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JinkoSolar signs 3.8 GW Supply Agreement with ACWA Power for High-Efficient N-type Modules

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JinkoSolar signs largest ever supply agreement with ACWA Power for 3.8 GW of solar modules in Saudi Arabia.
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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.

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JINKOSOLAR HOLDINGS CO

NYSE:JKS

JKS Rankings

#2396 Ranked by Market Cap
#2218 Ranked by Dividends

JKS Stock Data

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