Jinko Solar(688223)2025-02-27 09:15Financial Performance - Total revenue for 2024 was RMB 9,262,137.41 million, a decrease of 21.96% compared to the previous year[4] - Operating profit fell to RMB 79,864.58 million, down 91.24% year-on-year[7] - Net profit attributable to shareholders was RMB 9,054.09 million, a decline of 98.78% from the previous year[7] - The company's basic earnings per share dropped to RMB 0.01, a decrease of 98.65% year-on-year[7] - The company's return on equity decreased to 0.27%, down 23.92 percentage points from the previous year[4] - The total equity attributable to shareholders decreased to RMB 3,236,346.80 million, a reduction of 5.81% year-on-year[4] Asset and Equity Status - Total assets at the end of 2024 were RMB 12,104,605.31 million, an 8.38% decrease from the beginning of the year[7] Challenges and Factors Affecting Performance - The decline in profits was primarily due to falling prices of photovoltaic products, impacting the main business profitability[8] - The company faced significant challenges due to industry price declines and short-term factors such as the elimination of outdated capacity and fire incidents[8] - Non-recurring gains and losses increased compared to the previous year, contributing to the financial results[8]