Reports Q1 revenue $1.91B, consensus $1.89B. Xiande Li, JinkoSolar’s (JKS) Chairman and CEO, commented, “Module shipments reached 17.5 GW, with revenues of $1.91B, for the Q1. Prices across the main segments of the solar industrial chain were low in the first quarter. This, combined with disruptions in demand caused by changes in international trade policies, pressured profit margins in each segment of the integrated solar supply chain. Despite this challenging market environment, we fulfilled our delivery commitments to customers and reduced costs through supply chain optimization, adjustments to production and operation plans, and other measures. Due to a year-over-year decline in shipments to the U.S. market and a continued decline in higher-price overseas orders, our module prices and profitability decreased both year-over-year and sequentially. Net loss was $181.7M for the Q1.”
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