Overview

* JinkoSolar ( JKS ) Q3 revenue falls 34.1% yr/yr due to lower solar module prices

* Net loss for Q3 narrows to RMB749.8 mln from Q2's RMB876.4 mln

* Gross profit margin improves to 7.3% in Q3 from 2.9% in Q2

Outlook

* JinkoSolar ( JKS ) expects full-year 2025 shipments between 85 GW and 100 GW

* Company anticipates 2025 ESS shipments to be approximately 6 GWh

* JinkoSolar ( JKS ) projects 2025 production capacity for mono wafer, solar cell and solar module to reach 120.0 GW, 95.0 GW and 130.0 GW, respectively

Result Drivers

* SHIPMENT DECLINE - Q3 saw a decrease in solar module shipments, impacting total revenues

* GROSS MARGIN IMPROVEMENT - Sequential improvement in gross margin due to lower unit costs

* ENERGY STORAGE GROWTH - Significant growth in energy storage business improved profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 RMB

Revenue 16.16

bln

(US$2.27

billion)

Q3 Net -RMB

Income 749.80

mln

Q3 Gross 7.30%

Margin

Q3 Gross RMB 1.18

Profit bln

Q3 -RMB

Income 1.40 bln

from

Operatio

ns

Q3 RMB 2.59

Operatin bln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

* Wall Street's median 12-month price target for JinkoSolar Holding Co Ltd ( JKS ) is $20.00, about 35.2% below its November 14 closing price of $27.04

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)