Shares of Chinese solar module manufacturer JinkoSolar Holding Co. (JKS -7.56%) sank 7.7% through 10:30 a.m. ET Wednesday after missing earnings badly in its fourth-quarter financial report.Analysts had high hopes for Jinko, expecting the company to report $2.50 per share in profit on $4.3 billion in sales for the quarter. Jinko exceeded expectations for sales, reporting $4.6 billion, but profits came in way short of estimates at $0.02 per share. Jinko's no good, very bad Q4 earningsThis was a good news, ba ...

JINKOSOLAR HOLDING CO., LTD. Q4 2023 EARNINGS CALL PRESENTATION Disclaimer ThispresentationdoesnotconstituteanoffertosellorissueorthesolicitationofanoffertobuyoracquiresecuritiesofJinkoSolarHoldingCo., Ltd. (the “Company”) in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be reliedoninconnectionwithanycontractorcommitmentwhatsoever. The information herein has been prepared by the Company solely for use in this presentation. The informat ...

SHANGRAO, China, March 20, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the fourth quarter and fully year ended December 31, 2023. Fourth Quarter and Full Year 2023 Business Highlights Leveraging our outstanding N-type technology, extensive global operation network, and advanced integrated capacity structure, our module shipment ...

SHANGRAO, China, March 13, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it plans to release its unaudited financial results for the fourth quarter and full year ended December 31, 2023 before the open of U.S. markets on Wednesday, March 20, 2024.JinkoSolar's management will host an earnings conference call on Wednesday, March 20, 2024 at 8:00 a.m. U.S. Easter ...

Core Viewpoint - JinkoSolar has announced a premium sponsorship collaboration with Gresini Racing for the MotoE World Championship 2024, emphasizing their shared commitment to sustainability and innovation in promoting solar energy applications beyond traditional sectors [1][2]. Company Overview - JinkoSolar is one of the largest and most innovative solar module manufacturers globally, recognized for its leadership in solar technology and sustainability [3]. - The company distributes solar products and services to a diverse international customer base across multiple countries, including the United States, Germany, Japan, and Brazil [3]. Global Presence - As of September 30, 2023, JinkoSolar operates 14 production facilities worldwide and has 24 overseas subsidiaries in countries such as Japan, South Korea, and the United States [4]. - The company has established global sales teams in various regions, including China, Canada, and the United Arab Emirates, enhancing its international reach [4].

Core Insights - JinkoSolar has launched Neo Green panels, which are N-type TOPCon Tiger Neo panels produced in "Zero Carbon Factory" certified facilities, marking a significant step towards sustainability and environmental responsibility [1][2][3] Group 1: Product and Innovation - The initial capacity of Neo Green panels is 5GW, achieved through extensive R&D and environmentally conscious practices across the supply chain [2] - JinkoSolar is the first in the industry to receive "Zero Carbon Factory" certification for multiple manufacturing processes, including Silicon Ingot Manufacturing and Solar Module Manufacturing [1][2] Group 2: Environmental Commitment - The company aims to achieve 100% renewable electricity for its manufacturing processes and plans to increase the use of recycled materials and electric transportation [2] - JinkoSolar is also targeting a gradual reduction in plastic usage in its packaging [2] Group 3: Company Overview - JinkoSolar is one of the largest solar module manufacturers globally, with a diverse international customer base across multiple countries [4][5] - As of September 30, 2023, the company operates 14 production facilities and has 24 overseas subsidiaries [5]

Core Viewpoint - JinkoSolar is experiencing impressive revenue growth and technological advancements, yet its stock value is under pressure due to economic challenges in China, negative market sentiment in the renewable energy sector, and negative cash flows, leading to a "Hold" rating with a target price of $32 [2][4]. Company Overview - JinkoSolar Holdings Limited is a leading solar module manufacturer based in Shanghai, specializing in the design, production, and distribution of solar modules, with a global presence across major regions including China, Europe, Asia Pacific, and the United States [3]. - The company has achieved a compounded annual revenue growth of 27.1% and gross profit growth of 28.4% over the past five years, positioning itself as a top player in the Chinese solar module manufacturing industry [3]. Financial Performance - As of February 16, 2024, JinkoSolar's share price is $27.17, reflecting a significant decline of 47.80% from the previous year [4]. - In Q3 2023, JinkoSolar reported total revenues of RMB31.83 billion (US$4.36 billion), a 63.1% increase year-over-year, with a gross profit of RMB6.13 billion (US$840.6 million) and a gross margin of 19.3% [16]. - The company has seen a downward trend in cash flow from operations and investing, with net cash outflows reaching RMB5.8 billion and RMB12.3 billion respectively in 2022 [18]. Market Dynamics - JinkoSolar's revenue growth in China has been robust, with a compounded annual growth rate of 76.1% over the past three years, while the U.S. market has faced challenges due to regulatory issues [5]. - The Chinese solar industry is projected to continue growing, with solar energy expected to surpass coal in installed capacity by 2035 [5]. Technological Position - JinkoSolar leads in multicrystalline silicon cell efficiency at 23.3%, outperforming competitors like Canadian Solar and Trina Solar [9]. - The company maintains in-house R&D across its entire production value chain, enhancing its technological edge and efficiency [10][11]. Economic Environment - The broader Chinese economy is recovering slowly, with GDP growth at 5.2% in 2023, impacted by credit risks in the property sector [14]. - Weak demand and contracting factory activity have contributed to negative sentiment towards JinkoSolar and the renewable energy sector [15]. Valuation Insights - JinkoSolar's blended forward P/E ratio is 4.4, compared to the industry average of 6.4, indicating a negative premium that justifies a target price of $32 per share [22][23]. - The company's financial ratios are generally below industry averages, reflecting the challenges it faces despite strong revenue growth [22].

Core Viewpoint - JinkoSolar has signed a TOPCon patent license agreement with a leading solar cell company, enhancing its position in N-type TOPCon technology and demonstrating its commitment to innovation and industry collaboration [1][2]. Group 1: Patent Licensing Agreement - JinkoSolar's affiliated company has entered into a patent license agreement with one of the world's top five solar cell companies, allowing the Licensee to utilize certain JinkoSolar's N-type TOPCon related patents for a fee [1]. - This agreement follows a similar arrangement with a top ten solar module company announced on January 5, 2024, indicating JinkoSolar's proactive approach in leveraging its intellectual property [1]. Group 2: Technological Leadership - JinkoSolar holds one of the largest numbers of granted N-type TOPCon patents, establishing itself as a leader in this technology [1]. - The company emphasizes its ongoing investment in R&D and innovation to maintain its competitive edge in the solar industry [2]. Group 3: Industry Collaboration and Call to Action - The company encourages the entire solar industry to respect and protect technology, which is essential for the maturation of China's photovoltaic industry [2]. - JinkoSolar's patent licensing agreement is seen as a step towards fostering collaboration among industry players to develop new technologies and products [2]. Group 4: Global Presence - JinkoSolar operates 14 production facilities and has 24 overseas subsidiaries across various countries, including Japan, South Korea, and the United States, showcasing its extensive global footprint [4]. - The company serves a diverse international customer base, including utility, commercial, and residential sectors in multiple regions [3].

SHANGRAO, China, Feb. 5, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that between December 20, 2023 and February 2, 2024, the Company repurchased 400,000 American depositary shares of the Company (the "ADSs") in an aggregate amount of approximately US$11.8 million in the open market under its previously announced extended share repurchase program. On July 6, 2022 ...

SHANGRAO, China, Jan. 26, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its majority-owned principal operating subsidiary Jinko Solar Co., Ltd. ("Jiangxi Jinko") published estimates of certain preliminary unaudited financial results for the full year ended December 31, 2023. For the year ended December 31, 2023, (i) the preliminary unaudited net income attribu ...