Core Viewpoint - JinkoSolar plans to release its unaudited financial results for the first quarter of 2025 on April 29, 2025, before U.S. market opening [1] Group 1: Earnings Conference Call - JinkoSolar's management will host an earnings conference call on April 29, 2025, at 8:30 a.m. U.S. Eastern Time [2] - Participants must register in advance to receive dial-in numbers, passcode, and unique access PIN [2] - A telephone replay of the call will be available starting 2 hours after the conclusion of the conference until May 6, 2025 [3] Group 2: Company Overview - JinkoSolar is one of the largest and most innovative solar module manufacturers globally, distributing products to a diverse international customer base [4] - The company operates over 10 production facilities and has more than 20 overseas subsidiaries in various countries [5]

Industry Overview - The solar industry is experiencing a significant impact from fluctuating solar panel prices, which are currently lower, affecting companies like Canadian Solar and JinkoSolar [1]. Company Analysis - Canadian Solar (NASDAQ: CSIQ) and JinkoSolar (NYSE: JKS) are both facing challenges due to the cyclical nature of the solar market, characterized by periods of high demand followed by downturns [1].

Financial Data and Key Metrics Changes - The company's annual module shipments increased by 18.3% year-over-year to approximately 93 gigawatts, ranking first in the industry [9] - Gross margin dropped to 10.9% in 2024 from 16% in 2023, while net income fell by 98% year-over-year to $7.9 million [10] - In Q4, gross margin was 3.6%, down from 15.7% in Q3, with a net loss of $64.9 million compared to net income of $3.2 million in Q3 [11][33] Business Line Data and Key Metrics Changes - Total module shipments for Q4 were approximately 25.2 gigawatts, with over 50% shipped to domestic markets where prices were lower [11] - The proportion of higher-priced overseas orders declined sequentially, leading to decreased average selling price (ASP) and profits [11] - The N-type Tiger Neo series accounted for over 95% of shipments in Q4 and nearly 90% for the full year [28] Market Data and Key Metrics Changes - Newly added installations in China reached 277 gigawatts in 2024, a 28% increase year-over-year, setting a record high [12] - China's module exports reached 236 gigawatts in 2024, an increase of 13% year-over-year [12] - The global PV industry maintained fast growth momentum, with expectations for newly added installations in China to be around 270 gigawatts or higher in 2025 [29] Company Strategy and Development Direction - The company is committed to maintaining technology leadership through continuous R&D investments and mass production of innovative products [15] - A cautious approach to capacity expansion is being taken, with no new capacity added aside from upgrades to TOPCon technology [24] - The company aims to optimize its asset and liability structure while maintaining healthy cash reserves to strengthen resilience to risks [25][32] Management's Comments on Operating Environment and Future Outlook - Management noted that the industry may have entered a deep adjustment period, with companies lacking competitive costs likely to be phased out [21] - In the medium to long term, renewable energy is expected to supply half of global electricity demand by 2030, highlighting the growth potential of the PV industry [22] - The company expects module shipments to be between 16 to 18 gigawatts for Q1 2025 and between 85 and 100 gigawatts for the full year [24] Other Important Information - The company received a BBB rating for the second consecutive year in the MSCI ESG ratings, reflecting its commitment to ESG [18] - A strong patent portfolio was built, including 462 granted TOPCon patents, making the company a leading holder of such patents globally [19] - The company is actively responding to patent infringement claims from competitors, asserting that the allegations lack merit [20] Q&A Session Summary Question: Impact of increased import tariffs from Vietnam on margins and pricing strategy - Management indicated that they have prepared solutions for AD/CVD tariffs and do not expect a significant negative impact on margins [45] Question: Expectations for U.S. shipments and potential pullback due to higher tariffs - Management stated it is too early to define shipment volumes to the U.S. due to uncertain policies [48] Question: Q1 margin expectations - Management expects Q1 margins to be lower than Q4 due to lower prices from previous orders [58] Question: CapEx expectations for 2025 - Management expects CapEx to be much lower than the previous year, approximately RMB4 billion to RMB5 billion [65] Question: Updates on Saudi capacity and operational timeline - The Saudi Super Factory is in early preparation, with ground-breaking targeted by the end of Q2 and full operational status expected by the end of next year [82] Question: Market share expectations for 2025 - Management anticipates a slight decrease in market share this year due to industry consolidation but expects to be in a good position for future growth [89]

JinkoSolar (JKS) Q4 2024 Earnings Call March 26, 2025 08:00 AM ET Company Participants Stella Wang - Investor Relations OfficerGener Miao - Chief Marketing Officer of JinkoSolar Company LimitedMengmeng Li - Chief Financial OfficerTyler Bisset - Equity Research AssociateHaiyun Cao - DirectorRajiv Chaudhri - President Conference Call Participants Philip Shen - Managing Director, Senior Research AnalystAlan Lau - Analyst Operator Hello, ladies and gentlemen, and thank you for standing by for JinkoSolar Holding ...

JINKOSOLAR HOLDING CO., LTD. Q4 2024 EARNINGS CALL PRESENTATION MARCH 26, 2025 Disclaimer This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of JinkoSolar Holding Co., 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 relied on in connection with any contract or commitment whatsoever. The information herein has been prepared by the Company ...

SHANGRAO, China, March 26, 2025 /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 full year ended December 31, 2024.Fourth Quarter and Full Year 2024 Business Highlights Module shipments for full year 2024 increased 18.3% year-over-year to 92.9 GW, ranking first in the industry. At the end of the fourth quarter, we ...

SHANGRAO, China, March 12, 2025 /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, 2024 before the open of U.S. markets on Wednesday, March 26, 2025. JinkoSolar's management will host an earnings conference call on Wednesday, March 26, 2025 at 8:00 a.m. U.S. Easte ...

Core Insights - JinkoSolar has been ranked as the most bankable solar module company in the 2024 PV Module Bankability Survey by Bloomberg New Energy Finance, achieving a 100% bankability rating [1][2] Company Performance - By the end of 2024, JinkoSolar's total module shipments exceeded 300GW, with the Tiger Neo series alone surpassing 140GW in cumulative shipments [3] - The latest Tiger Neo 3.0 series features power ratings over 670W, a maximum module efficiency of 24.8%, and bifaciality up to 85%, contributing to a 3.38% increase in overall power generation [3] Financial and Technological Strength - JinkoSolar's strong financial position, technological innovations, and product reliability have been key factors in its top ranking in bankability [1][2] - The enhanced bifaciality of the Tiger Neo series reduces the Levelized Cost of Electricity (LCOE) by 3.14%, providing greater financial benefits for solar investments [3] Future Outlook - The company plans to continue investing heavily in R&D, focusing on N-type technology and integrated "solar + storage" solutions to support the global transition to sustainable energy [4]

Core Viewpoint - JinkoSolar's majority-owned subsidiary, Jiangxi Jinko, reported significant declines in financial performance for the year ended December 31, 2024, primarily due to reduced selling prices of photovoltaic products and challenges in the industry [1][2][3]. Financial Performance - Preliminary unaudited revenues for Jiangxi Jinko were RMB 92.62 billion, a decrease of 21.96% year-on-year [2] - Preliminary unaudited net income attributable to shareholders was RMB 90.54 million, down 98.78% year-on-year [2] - Preliminary unaudited net loss attributable to shareholders, excluding extraordinary gains and losses, was RMB 1,011.98 million, a decrease of 114.66% year-on-year [2] Industry Context - The global photovoltaic installation demand continued to grow in 2024, but supply-demand mismatches led to downward pressure on end product prices, affecting profitability across the industry [3] - Jiangxi Jinko showed operational resilience compared to peers due to technological advantages and optimization of capacity structure [3] - The company maintained a leading position in module shipments and improved operational efficiency despite financial performance declines [3] Operational Developments - Jiangxi Jinko upgraded its globalization strategy and enhanced digital management capabilities [3] - The company faced challenges such as prolonged pricing pressure, elimination of obsolete production capacity, and a fire accident impacting financial results [3] Accounting and Reporting - The preliminary unaudited financial results for Jiangxi Jinko differ from JinkoSolar's consolidated financial results due to different consolidation scopes and accounting standards [4] - Investors are advised to exercise caution when reviewing the preliminary results, as they are subject to change upon the completion of the audit process [5]

Core Viewpoint - JinkoSolar (JKS) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [4][6]. - Rising earnings estimates for JinkoSolar suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - JinkoSolar's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions for JinkoSolar - For the fiscal year ending December 2024, JinkoSolar is expected to earn -$0.24 per share, reflecting a change of -102.4% from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for JinkoSolar has increased by 296.8%, indicating a significant upward revision in earnings expectations [8].