Why JinkoSolar Stock Is Falling Today [Yahoo! Finance]
JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) (JKS)
Last jinkosolar holding company limited american depositary shares (each representing 4 common shares) earnings: 3/13 06:43 am
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ir.jinkosolar.com
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Source: Yahoo! Finance
Analysts had high hopes for Jinko, expecting the company to report $2.50 per share in profit on $4.3 billion in sales for the quarter. Jinko exceeded expectations for sales, reporting $4.6 billion, but profits came in way short of estimates at $0.02 per share. Jinko's no good, very bad Q4 earnings This was a good news, bad news report for JinkoSolar. On the one hand, the company shipped 78.5 gigawatts' worth of solar modules in 2023, a 76% increase that made the company "first in the industry" for volume of solar product shipped. Q4 shipments grew 68% year over year to 27.9GW. And yet, revenue from these shipments increased only 9%. That right there tells you the problem: While Jinko shipped a lot of product, the prices it commanded fell steeply in Q4, with gross margin contracting 680 basis points to just 12.5%. Operating and net profit margin simply collapsed -- down 43% and 95%, respectively. Is Jinko stock a sell? And yet, not all the news was bad. While Q4 was a disa
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JKS
News
- JinkoSolar Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- JinkoSolar Repurchased 4,203,178 ADSs under Its Share Repurchase ProgramPR Newswire
- JinkoSolar Announces First Quarter 2024 Financial ResultsPR Newswire
- Global Agrivoltaics Industry Analysis Report 2024: Market to Grow by Over $13.75 Billion During 2023-2033, Driven by Potential for Rural Electric Vehicle Charging and Increased Government Initiatives [Yahoo! Finance]Yahoo! Finance
- Solar panel maker Jinko sees impact from fire at workshop in Shanxi province [Reuters]Reuters
JKS
Earnings
- 4/29/24 - Beat
JKS
Sec Filings
- 4/29/24 - Form 6-K
- 4/25/24 - Form 20-F
- 4/18/24 - Form 6-K
- JKS's page on the SEC website