#China #JinkoSolar #Shangrao #Solar Modules #Jiangxi Jinko

JinkoSolar's Half-Year 2025 Financial Results

JinkoSolar Holding Co., Ltd. (NYSE: JKS), a leader in the solar module manufacturing sector, recently announced the financial results for its subsidiary, JinkoSolar Co., Ltd. (referred to as Jiangxi Jinko), covering the first six months of 2025. These results, prepared in line with the People’s Republic of China Generally Accepted Accounting Principles (PRC GAAP), depict significant shifts in financial standing compared to last year.

Key Financial Highlights

The half-year report reveals crucial data that stakeholders should note:

• - Total Assets: As of June 30, 2025, Jiangxi Jinko reported total assets amounting to RMB 119.1 billion, marking a decrease from RMB 121.1 billion on December 31, 2024.
• - Total Equity: The total equity attributable to the parent company was recorded at RMB 29.4 billion, down from RMB 32.3 billion at the end of 2024.

Revenue Insights

During the period ending June 30, 2025, the total operating revenue saw a notable decline, reported at RMB 31.8 billion, a stark drop from RMB 47.3 billion in the same timeframe the previous year. This trend indicates challenges faced by the company in maintaining previous revenue levels.

Profit and Loss Analysis

The financial results also revealed losses before income tax reaching RMB 4.2 billion compared to a profit of RMB 1.65 billion in the first half of 2024. This translates to a net loss attributable to the owners of the parent company of RMB 2.9 billion, contrasting the net profit of RMB 1.2 billion recorded a year earlier.

Cash Flow Challenges

Cash flow issues were apparent, with the net cash used in operating activities reaching RMB 3.81 billion, reflecting a significant increase in cash outflow. These challenges signal the need for strategic adjustments within the operational framework.

Growth Opportunities

Despite the downturn in revenue and net losses, JinkoSolar continues to focus on research and development, spending 3.69% of total operating revenue on R&D. This investment aims to improve efficiency and product innovation in the highly competitive solar industry.

Comparative Analysis

It's important to note that the Jiangxi Jinko Unaudited Interim Financial Results differ from JinkoSolar’s consolidated results due to the scope of consolidation and the accounting principles applied. The consolidated results include JinkoSolar's worldwide operations and its other subsidiaries, while Jiangxi Jinko’s figures are specific to the principal operating company.

Conclusion

As JinkoSolar navigates these challenges, stakeholders should remain cautious. The shift from profit to loss, coupled with significant cash flow reductions, highlights the complexities of the current market environment. Investors are encouraged to consider the full scope of financial performance before making investment decisions. Moving forward, the company’s commitment to innovation and strategic adaptation will be crucial in its quest for recovery and growth in the renewable energy sector.

For detailed insights and full financial disclosures, interested parties can refer to Jiangxi Jinko's interim report available through the Shanghai Stock Exchange's official website at www.sse.com.cn.