1. JinkoSolar's subsidiary announced third-quarter 2025 financial results. 2. Total revenue decreased by 34.11% compared to Q3 2024. 3. Net loss attributable to owners was RMB 1.01 billion. 4. Total assets fell by 3.23% from December 2024 to September 2025. 5. Research and development expenditure increased as a percentage of revenue.
The reported significant revenue decrease and net loss could concern investors, mirroring past struggles.
The significant loss and reduced revenue highlight immediate operational challenges.
Immediate financial results may trigger stock sell-offs. Financial health impacts can manifest quickly.
SHANGRAO, China, Oct. 30, 2025 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd. ("Jiangxi Jinko"), has published its unaudited consolidated financial results as of and for the third quarter ended September 30, 2025 (the "Jiangxi Jinko Third Quarter Financial Results"), prepared in accordance with accounting principles generally accepted in the People's Republic of China ("PRC GAAP").
A summary of key financial data from the Jiangxi Jinko Third Quarter Financial Results is set forth below.
As of September 30, 2025 | As of December 31, 2024 | Change | |
(RMB) | (RMB) | ( %) | |
Total assets | 117,198,376,908.76 | 121,109,877,893.38 | (3.23) |
Total equity | 28,387,712,706.39 | 32,309,559,923.40 | (12.14) |
For the Three | Change | For the Nine | Change | |
(RMB) | ( %) | (RMB) | ( %) | |
Total operating | 16,154,763,616.53 | (34.11) | 47,986,042,016.95 | (33.14) |
Profit/(loss) before | (1,290,920,103.26) | N/A | (5,506,731,309.65) | (437.87) |
Net profit/(loss) | (1,011,528,837.55) | (6,900.55) | (3,920,337,446.24) | (422.67) |
Net profit/(loss) | (1,367,797,602.64) | (628.15) | (4,543,235,994.43) | (1,053.61) |
Net cash used in | N/A | N/A | (1,341,418,982.62) | 267.83 |
Weighted average | (3.50) | Decreased | (12.92) | Decreased |
Basic | (0.10) | (10,100.00) | (0.39) | (425.00) |
Diluted | (0.10) | (10,100.00) | (0.39) | (425.00) |
Research and | 4.17 | Increased | 3.85 | Decreased |
You can obtain a complete copy of Jiangxi Jinko Third Quarter Financial Results included in Jiangxi Jinko's 2025 third quarter report through the Shanghai Stock Exchange's website at www.sse.com.cn.
The Jiangxi Jinko Third Quarter Financial Results differ from JinkoSolar's consolidated financial results (the "Consolidated Financials"), due to (i) differences in consolidation scope, as the Jiangxi Jinko Third Quarter Financial Results are prepared solely for Jiangxi Jinko, whereas the Consolidated Financials also include financial results of JinkoSolar and its other subsidiaries, and (ii) differences in accounting standards and principles used to prepare the Jiangxi Jinko Third Quarter Financial Results and the Consolidated Financials. Specifically, the Jiangxi Jinko Third Quarter Financial Results are prepared in accordance with PRC GAAP, whereas the Consolidated Financials are prepared in accordance with accounting principles generally accepted in the United States ("US GAAP"). There are certain key differences between financial statements prepared in accordance with PRC GAAP and those prepared in accordance with US GAAP. As such, investors in JinkoSolar should exercise caution when reviewing the Jiangxi Jinko Third Quarter Financial Results included in this press release and are advised not to base their investment decisions solely on such unaudited financial results.
JinkoSolar currently owns approximately 55.59% equity interest in Jiangxi Jinko.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE:JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, and other countries, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2025.
To find out more, please see: www.jinkosolar.com
For investor and media inquiries, please contact:
In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com
Mr. Rene Vanguestaine
Christensen
Tel: +86 178 1749 0483
Email: rene.vanguestaine@christensencomms.com
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
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SOURCE JinkoSolar Holding Co., Ltd.