#China #solar energy #JinkoSolar #Shangrao #Jiangxi Jinko

JinkoSolar Reports Q3 2025 Financial Results

On October 30, 2025, JinkoSolar Holding Co., Ltd., renowned as one of the world’s largest solar module manufacturers, announced significant financial results from its subsidiary, Jinko Solar Co., Ltd., for the third quarter ended September 30, 2025. These results, which are unaudited and prepared in accordance with the People's Republic of China Generally Accepted Accounting Principles (PRC GAAP), reflect the company's performance during a challenging economic period.

Key Financial Highlights

As of September 30, 2025, the subsidiary, Jiangxi Jinko, reported total assets of approximately 117.2 billion RMB, down from 121.1 billion RMB at the end of 2024, marking a decrease of 3.23%. Furthermore, the total equity attributable to the parent company also saw a decline of 12.14%, falling to 28.39 billion RMB.

The third quarter’s performance, particularly concerning operating revenue and net profits, paints a stark picture for investors.
Operating Revenue: The total operating revenue for the quarter decreased by 34.11% compared to the same period in 2024, amounting to 16.15 billion RMB.
Losses: The company reported a substantial pre-tax loss of approximately 1.29 billion RMB, indicating a significant operational struggle. The net loss attributable to the owners of the parent company was alarming at over 1 billion RMB, representing a staggering 6,900.55% increase from the previous year.

Comparison with Previous Year’s Performance

The results not only reflect a quarterly downturn but a trend observed throughout 2025. Over the nine months to September 30, 2025, the total operating revenue fell by 33.14% to nearly 48 billion RMB compared to the previous year's figures. This decline raises concerns not just about short-term profitability but long-term sustainability. Net losses during the first nine months reached approximately 3.92 billion RMB, highlighting the increasing financial pressure on the organization.

The weighted average return on equity also exhibited a downward trajectory, dropping to -3.50%, a decrease of 3.54 percentage points from the previous year. The basic earnings per share fell to -0.10 RMB, an alarming decline from the previous year's figures of -0.39 RMB.

Future Outlook and Caution for Investors

With the significant drops in equity, revenue, and increased losses, stakeholders and prospective investors must exercise caution. A reminder was also issued regarding the differences between the financial results according to PRC GAAP and those based on US GAAP, leading to careful consideration of how these results fit within broader financial contexts.

As of now, JinkoSolar retains about a 55.59% equity stake in Jiangxi Jinko, though the substantial financial challenges underscore the extreme volatility in the renewable energy sector.

Conclusion

JinkoSolar’s recent financial results for the third quarter of 2025 signify troubling times amid global economic shifts and market competitiveness in the solar energy sector. Investors and analysts will undoubtedly be keeping close tabs on potential recovery plans and strategies the company may employ going forward.

For additional details and a complete breakdown of the financials, interested parties can refer to the official report published through the Shanghai Stock Exchange.

For further inquiries, media representatives can contact JinkoSolar’s designated team members listed in their press release.