Jinko Holdings Revenue Reaches 13.62 Billion Yuan, Below Analyst Expectations
Key Facts
Jinko Holdings reported results for the third quarter ended September 30, with revenue of 13.62 billion yuan, below analysts’ consensus of 16.34 billion yuan, according to data cited by Investing.com. Adjusted loss per American depositary share was 3.20 yuan, compared with an expected loss of 11.01 yuan, meaning the loss was smaller than market estimates. The stock rose 6.82% in premarket trading on October 30 after the results were released, according to the same report. The company had set October 30 as the date for announcing its results before U.S. markets opened, according to its filing with the U.S. Securities and Exchange Commission. The figures come as the company continues to face pressure on revenue and sector profitability, following a year-over-year decline in revenue in the second quarter.
The company reported revenue of 12.36 billion yuan in the second quarter of 2026, up 0.9% from the first quarter but down 31.3% from the same period a year earlier, according to its results attached to a U.S. Securities and Exchange Commission filing. Gross margin was 4.2% at the time, compared with 8.3% in the first quarter and 2.9% in the second quarter of 2025. In its second-quarter filing, the company attributed sector pressures to supply-and-demand fluctuations and policy shifts in domestic and overseas markets, noting continued pressure on supply-chain prices and industry profitability. Solar module shipments totaled 15,961 megawatts in the second quarter, up 16.7% quarter over quarter but down 34.4% year over year. The company recorded a loss of 697.3 million yuan attributable to ordinary shareholders, compared with a loss of 463.5 million yuan in the first quarter and 876.4 million yuan a year earlier.
In the second quarter, the company had lowered its 2026 module shipment forecast to a range of 60–70 gigawatts, with high-efficiency products expected to account for more than 60% of total shipments. In its results filing, it scheduled the management call for October 30 at 8:30 a.m. Eastern Time, corresponding to 8:30 p.m. Beijing and Hong Kong time. Among the regulatory developments cited by the company, the mandatory national energy-efficiency standard for solar panels and inverters, issued in July 2026, takes effect in January 2027. The standard sets minimum energy-efficiency thresholds for market entry, according to the company’s filing. The annual shipment guidance announced in the second quarter remains a reference point for assessing the business trajectory, while the third-quarter results showed revenue below analyst expectations and an adjusted loss smaller than expected.