ICG vs JKS
Intchains Group Ltd. and JinkoSolar Holding Co. Ltd., side by side — 6 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | ICG | JKS |
|---|---|---|
| Revenue | CNY 220.9M | CNY 65.5B |
| Net income | CNY -47.5M | CNY -4.4B |
| Gross margin | 7.2% | 2.2% |
| Net margin | −21.5% | −10.9% |
| Return on equity | −4.8% | −25.0% |
| Diluted EPS | −CNY 0.39 | −CNY 21.33 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -97.6M | CNY -2.1B |
| Equity | CNY 976.6M | CNY 15.7B |
| Net debt / equity | · | −0.59× |
| Current ratio | 14.10× | 1.25× |
| Revenue CAGR 5y | 32.2% | 13.3% |
| Profit CAGR 5y | · | · |
JKS bills 296.6× the revenue of ICG, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
6 years side by side
| Fiscal year | ICG | JKS |
|---|---|---|
| FY2025 | CNY 220.9M | CNY 65.5B |
| FY2024 | CNY 281.8M | CNY 92.3B |
| FY2023 | CNY 82.2M | CNY 118.7B |
| FY2022 | CNY 473.7M | CNY 83.1B |
| FY2021 | CNY 631.8M | CNY 40.8B |
| FY2020 | CNY 54.6M | CNY 35.1B |
Bottom line
| Fiscal year | ICG | JKS |
|---|---|---|
| FY2025 | CNY -47.5M | CNY -4.4B |
| FY2024 | CNY 51.5M | CNY 54.5M |
| FY2023 | CNY -26.8M | CNY 3.4B |
| FY2022 | CNY 355.2M | CNY 620.5M |
| FY2021 | CNY 450.1M | CNY 721.0M |
| FY2020 | CNY 8.2M | CNY 230.4M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 65,276,782,000 | JKS |
| FY2024 | −CNY 91,974,535,000 | JKS |
| FY2023 | −CNY 118,596,366,000 | JKS |
| FY2022 | −CNY 82,653,556,000 | JKS |
| FY2021 | −CNY 40,194,683,000 | JKS |
| FY2020 | −CNY 35,074,856,000 | JKS |
JKS has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −10.7 pp | JKS |
| FY2024 | +18.3 pp | ICG |
| FY2023 | −38.0 pp | JKS |
| FY2022 | +73.1 pp | ICG |
| FY2021 | +68.9 pp | ICG |
| FY2020 | +14.1 pp | ICG |
The higher net margin has changed hands between ICG and JKS over this period.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ICG's net margin has been more volatile than JKS's over the 6 comparable fiscal years — 41.1 percentage points of standard deviation against 5.1.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ICG and JKS over these 6 fiscal years — ICG led in 4 and JKS in 2.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ICG's return on equity has been more volatile than JKS's over the 6 comparable fiscal years — 52.7 percentage points of standard deviation against 13.2.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ICG and JKS over these 6 fiscal years — ICG led in 5 and JKS in 1.
6 of 17 comparable fiscal years — a year missing data on either side is not counted.