The earnings call highlighted significant advancements in technology and expansion of energy storage solutions, alongside strong cash reserves. However, these positives were overshadowed by substantial declines in revenue, profitability, and challenges in the U.S. market, leading to an unfavorable financial position.

Company Guidance -

Q2 2025

During JinkoSolar's Q1 2025 earnings call, the company provided guidance for the second quarter and the full year. JinkoSolar anticipates its annual production capacity for mono wafers, solar cells, and solar modules to reach 120 GW, 95 GW, and 130 GW, respectively, by the end of 2025. Module shipments are projected to range between 20 GW to 25 GW in Q2 2025 and between 85 GW to 100 GW for the entire year. Additionally, the company expects its third-generation TOPCon module production capacity to reach 40 GW to 50 GW. JinkoSolar also aims for energy storage system (ESS) shipments to achieve around 6 GWh in 2025, with a focus on overseas markets. The company remains committed to optimizing its market strategies and supply chain management to adapt to changes in market demand and continue improving technology and product competitiveness.

Record Module Shipments

First quarter total shipments were 19.1 gigawatts, with module shipment accounting for approximately 90%. Shipments to Indo-Pacific market grew by nearly 10% year-over-year and 150% sequentially, while shipments to North Asia increased by nearly 20% year-over-year.

Advancements in TOPCon Technology

By the end of the first quarter, the mass-produced cell efficiency for third-generation TOPCon products exceeded 26.6%. Laboratory efficiency for perovskite tandem solar cell based on TOPCon reached 34.22%, setting a new record.

Expansion in Energy Storage Shipments

In the first quarter, shipments of ESS exceeded 300 megawatt hours, a large increase compared to the same period last year. Expected shipments of ESS to be around 6 gigawatt hours for the full-year 2025.

Strong Cash and Cash Equivalents

By the end of the first quarter, cash and cash equivalents were US$3.77 billion, a significant increase from US$2.44 billion at the end of the first quarter last year.

JinkoSolar (JKS) Earnings, Revenues Date & History

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JKS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 22, 2025	2025 (Q2)	-2.18 / -	0.245	―	―	―
Apr 29, 2025	2025 (Q1)	-0.99 / -3.57	1.175	-403.98% (-4.75)
Mar 26, 2025	2024 (Q4)	-0.42 / -1.03	1.215	-184.61% (-2.24)
Oct 30, 2024	2024 (Q3)	-0.72 / 0.07	3.373	-97.88% (-3.30)
Aug 30, 2024	2024 (Q2)	-0.15 / 0.25	3.554	-93.10% (-3.31)
Apr 29, 2024	2024 (Q1)	0.10 / 1.18	2.229	-47.27% (-1.05)
Mar 20, 2024	2023 (Q4)	2.53 / 1.21	1.989	-38.92% (-0.77)
Oct 30, 2023	2023 (Q3)	1.46 / 3.37	0.382	783.65% (+2.99)
Aug 14, 2023	2023 (Q2)	1.60 / 3.55	-0.439	910.03% (+3.99)
Apr 28, 2023	2023 (Q1)	0.47 / 2.23	0.084	2566.83% (+2.15)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

JKS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 29, 2025	$16.60	$15.96	-3.86%
Mar 26, 2025	$19.47	$19.31	-0.82%
Oct 30, 2024	$22.73	$23.85	+4.93%
Aug 30, 2024	$17.03	$18.00	+5.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.