Jinkosolar ( (JKS) ) has released its Q1 earnings. Here is a breakdown of the information Jinkosolar presented to its investors.
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JinkoSolar Holding Co., Ltd. is a leading global solar module manufacturer known for its innovative solar products and services, catering to a diverse international customer base across various regions. In its first quarter of 2025 financial results, JinkoSolar reported a significant decline in revenue and profitability, attributed to lower module shipments and reduced average selling prices, amidst challenging market conditions and international trade policy changes. The company shipped 17.5 GW of modules, achieving a record conversion efficiency of 34.22% for its N-type TOPCon-based perovskite tandem solar cell, and was recognized as a Tier 1 energy storage provider by Bloomberg New Energy Finance. Despite a net loss of US$181.7 million, JinkoSolar continued to invest in R&D and expand its energy storage capabilities, with a strategic focus on the overseas market. Looking ahead, JinkoSolar plans to enhance its production capacity and optimize its market strategies to maintain its industry leadership, with expectations for increased module shipments and continued innovation in solar and storage solutions.