JKS vs UCAR
JinkoSolar Holding Co. Ltd. and U Power Ltd., side by side — 6 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | JKS | UCAR |
|---|---|---|
| Revenue | CNY 65.5B | CNY 41.1M |
| Net income | CNY -4.4B | CNY -68.7M |
| Gross margin | 2.2% | 36.3% |
| Net margin | −10.9% | −195.7% |
| Return on equity | −25.0% | −24.4% |
| Diluted EPS | −CNY 21.33 | −CNY 15.05 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY -2.1B | CNY -70.4M |
| Equity | CNY 15.7B | CNY 271.0M |
| Net debt / equity | −0.59× | −0.01× |
| Current ratio | 1.25× | 1.80× |
| Revenue CAGR 5y | 13.3% | 94.9% |
| Profit CAGR 5y | — | — |
JKS bills 1592.6× the revenue of UCAR, 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.
Revenue by year
6 years side by side
| Fiscal year | JKS | UCAR |
|---|---|---|
| FY2025 | CNY 65.5B | CNY 41.1M |
| FY2024 | CNY 92.3B | CNY 44.3M |
| FY2023 | CNY 118.7B | CNY 19.8M |
| FY2022 | CNY 83.1B | CNY 7.8M |
| FY2021 | CNY 40.8B | CNY 8.0M |
| FY2020 | CNY 35.1B | CNY 1.5M |
Net income by year
Bottom line
| Fiscal year | JKS | UCAR |
|---|---|---|
| FY2025 | CNY -4.4B | CNY -68.7M |
| FY2024 | CNY 54.5M | CNY -47.9M |
| FY2023 | CNY 3.4B | CNY -19.3M |
| FY2022 | CNY 620.5M | CNY -45.9M |
| FY2021 | CNY 721.0M | CNY -41.4M |
| FY2020 | CNY 230.4M | CNY -5.5M |
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