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JinkoSolar ( (JKS) ) has issued an announcement.
On January 17, 2025, JinkoSolar’s subsidiary, Jinko Solar Co., Ltd., announced preliminary unaudited financial results for the year ending December 31, 2024. The results indicated a significant decrease in net income, with estimates showing a reduction between 98.39% to 98.92% compared to the previous year, and a net loss excluding extraordinary gains and losses estimated to decrease by 110.86% to 115.21%. The announcement highlights the challenges faced by the company, urging investors to exercise caution due to differences in financial reporting standards between Jiangxi Jinko’s unaudited results and JinkoSolar’s consolidated financials.
More about JinkoSolar
JinkoSolar Holding Co., Ltd. is a leading and innovative solar module manufacturer globally, distributing solar products and solutions to a diverse international customer base across countries such as China, the United States, Japan, Germany, and India, among others. The company operates over 10 production facilities worldwide and has more than 20 overseas subsidiaries, enhancing its global footprint in the solar industry.
YTD Price Performance: -9.50%
Average Trading Volume: 1,379,744
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.21B
Find detailed analytics on JKS stock on TipRanks’ Stock Analysis page.
