Jinkosolar ( (JKS) ) has released its Q4 earnings. Here is a breakdown of the information Jinkosolar presented to its investors.
JinkoSolar Holding Co., Ltd. is a leading global solar module manufacturer known for its innovative solar products and extensive international reach. The company operates in the renewable energy sector, providing solar solutions to a diverse range of customers worldwide.
JinkoSolar’s financial results for the fourth quarter and full year of 2024 reflect a challenging period, with notable achievements in technology and production efficiency despite financial setbacks. The company reported a significant increase in module shipments, maintaining its position as an industry leader.
In 2024, JinkoSolar’s module shipments grew by 18.3% year-over-year to 92.9 GW, marking a milestone as the first manufacturer to deliver over 300 GW of solar modules globally. However, the company faced a decline in revenue and profitability, with total revenues decreasing by 22.3% year-over-year to RMB92.26 billion. The gross margin also saw a reduction, attributed to lower module prices and market imbalances. Despite these challenges, JinkoSolar’s technological advancements, such as achieving a mass production efficiency of 26.5% for N-type TOPCon cells, underscore its commitment to innovation.
The company’s strategic focus on technology leadership and global manufacturing capabilities positions it well for future growth. JinkoSolar plans to enhance its production efficiency and expand its product offerings, including the development of ultra-high efficiency solar products. The management remains optimistic about the industry’s potential, anticipating a recovery in demand and stabilization of prices.
Looking ahead, JinkoSolar expects module shipments to range between 85.0 GW and 100.0 GW for 2025, with continued investments in technology and production capacity. The company aims to navigate industry challenges and capitalize on emerging market opportunities, supported by its strong execution capabilities and strategic initiatives.