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MARKETS / NYSE / JKS
NYSE · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

JinkoSolar Holding Co. Ltd. JKS

17 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 65.5B
▼ 29.0% YoY
CNY -4.4B
▼ 8250.2% YoY
CNY -2.1B
▼ 127.1% YoY
In brief

What this company does

JinkoSolar is a solar power product manufacturer based in China with a vertically integrated value chain, manufacturing from silicon wafers to solar cells and solar modules. It sells most of its solar modules under its own JinkoSolar brand, with a small portion of solar modules sold on an OEM basis. As of December 31, 2025, it had over 10 production facilities globally and over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico and other countries. It had an aggregate of over 8,700 customers in near 200 countries and regions for its solar modules and energy storage systems as of December 31, 2025. Annual module shipments reached approximately 86.8 GW in 2025. Annual production capacity for mono wafers, solar cells and solar modules as of December 31, 2025 was 120.0 GW, 95.0 GW and 130.0 GW, respectively. It also offers residential energy storage systems, commercial and industrial energy storage systems, and energy storage systems designed for utility-scale power plants.

Written from the business description in JinkoSolar Holding Co., Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 29 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 65.5B
Revenue, FY2025 · full 17-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 65.5 · Net income -4.4
40B80B200920112013201520172019202120232025
Compound annual growth
−7.6%
+13.3%
+15.5%
+19.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−11 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -13.6% · Net -10.9%
10%20%-10%-20%-30%200920112013201520172019202120232025
ROE
FY2025 · ROE -25.0%
10%20%30%-20%-40%-60%200920112013201520172019202120232025

Each CNY of equity lost 25 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF -2.1
4B-8B-16B200920112013201520172019202120232025
Net buybacks CNY M Dividends CNY M
FY2011 · Dividends — · Net buybacks 53.1
20M40M2011

Total assetsCNY 121.0B
EquityCNY 15.7B
CashCNY 20.0B
Gross debtCNY 10.7B
Net debtCNY -9.4B
Current ratio1.25×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue CNY B65.592.3118.783.140.835.129.725.026.521.415.59.77.14.87.44.71.6
Operating income CNY B−8.9−3.36.10.41.11.81.70.60.31.31.10.80.6−1.20.31.00.1
EBITDA CNY B−1.14.213.93.02.72.92.51.40.91.81.51.21.0−0.90.61.10.2
Income tax CNY B−2.20.11.30.60.20.20.30.00.00.30.1−0.10.0−0.00.10.1−0.0
Net income CNY B−4.40.13.40.60.70.20.90.40.11.80.70.70.2−1.50.30.90.1
Free cash flow CNY B−2.17.8−1.8−18.1−8.2−3.5−1.9−1.8−2.4−3.80.5−0.30.20.5−2.6−1.1−0.3
EPS, diluted CNY −21.33−1.2715.233.102.011.364.852.631.08·5.353.861.96−17.38−1.2310.92−0.73
Dividend / sh CNY ·················
Payout %·················
ROE %−25.00.318.94.56.92.410.55.62.233.917.524.411.1−72.49.833.1·
Shares out B0.210.210.210.200.190.190.180.160.160.130.130.120.110.090.090.10·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 82 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNYSE
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2009

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