#China #financial results #JinkoSolar #Shangrao #Jiangxi Jinko

JinkoSolar's Preliminary Financial Performance for 2025

JinkoSolar Holding Co., Ltd. (NYSE: JKS), a leading global solar module manufacturer, recently announced its projected financial outcomes for its subsidiary, Jinko Solar Co., Ltd. for the full year of 2025. The figures released indicate a troubling financial scenario, as the company grapples with substantial net losses attributable to its shareholders.

Financial Overview

For the year concluding on December 31, 2025, the preliminary unaudited financial results for Jiangxi Jinko—JinkoSolar's majority-owned operating subsidiary—show an estimated net loss ranging from RMB 5.9 billion to RMB 6.9 billion. When excluding one-off extraordinary gains and losses, this loss is expected to increase to between RMB 6.7 billion and RMB 7.8 billion. These figures raise significant concerns about the subsidiary's economic health, especially considering the ongoing fluctuation in the global solar market, enhanced competition, and the increasing costs of materials associated with solar panel production.

This contrasting outcome from the consolidated financial results of JinkoSolar underscores the diverging parameters between the two financial assessments. The Jiangxi Jinko results are solely based on its operations, while the consolidated results reflect the overall performance of JinkoSolar and its various subsidiaries worldwide.

Accounting Standards and Methodologies

A crucial factor to note is that the financial metrics shared for Jiangxi Jinko are compiled in adherence to the PRC GAAP (Generally Accepted Accounting Principles). In contrast, JinkoSolar's consolidated financial reports are prepared under U.S. accounting standards. This mismatch in accounting frameworks can lead to discrepancies in financial reporting and should be taken into account by stakeholders when evaluating the company's performance. It is prudent for investors to exercise caution and not rely solely on the preliminary financial results from Jiangxi Jinko when making investment decisions.

Company Background and Market Position

JinkoSolar is recognized for its innovative approach in the solar power sector and plays a pivotal role in advancing sustainable energy solutions. With a production capacity spread across multiple continents, the company operates over ten manufacturing facilities globally and maintains a robust presence in numerous international markets including China, the U.S., Germany, and Japan, to name a few. As of September 30, 2025, JinkoSolar had established a network of over 20 subsidiaries overseas. This highlights its commitment not just to production but also to fostering comprehensive sales and customer solutions worldwide.

Despite the setbacks reflected in the current financial estimates, JinkoSolar remains a key player in the solar industry, consistently striving for innovation and market expansion. Stakeholders are advised to stay informed about future developments and the company's strategic responses to the financial challenges identified in the latest reports.

Conclusion

The latest financial results from Jinko Solar Co., Ltd. serve as a significant indicator of the challenges currently facing JinkoSolar's operational arm amid a competitive market landscape. As the company navigates through these testing times, careful scrutiny of financial performance and strategic initiatives will be critical in determining both recovery paths and long-term investor confidence in this pivotal energy sector.