Chinese New Energy Resource Company has reported a profit of 20 billion yuan for the last quarter, with a staggering 29 billion yuan in company assets still in “liquid” cash flow. The company is experiencing significant challenges with cash flow and asset turnover.
As of September 23, 2025, the company’s profit margin is 4.00%, while the projected turnover rate stands at 4.90% per share, with a combined total of 19.6 billion yuan.
This year, in the first half, Chinese New Energy Resource Company reported a total revenue of 318 billion yuan, reflecting a 32.6% decrease compared to previous figures. The company continues to face difficulties despite a transition to a new business model.
For the second quarter, the company’s revenue was 179.9 billion yuan, marking a 25.6% drop. The trend indicates ongoing challenges in the market.
From a performance perspective, the company has seen a -2.01% decline in revenue compared to the previous year, with ongoing cash flow issues. The market is increasingly competitive, with significant pressure from other companies.
In order to address these challenges, the company is considering adjustments to its asset management strategies, although fundamental changes to the business model have proven to be difficult.
By the end of June 2025, the asset turnover rate is expected to reach 74.07%, compared to 2024’s end-of-year figures. The company’s revenue expectations remain cautious, with projections indicating a potential revenue of approximately 65 billion yuan.
In 2023, the company announced a total revenue forecast of 560 billion yuan, with a production capacity of 56 GW in the western regions.
To facilitate this project, the company plans to secure funding through a targeted capital raise of 97 billion yuan. However, as of July 2024, this funding initiative has been paused.
Recent projections for 2025 indicate that the company aims to achieve revenue of 80% of its revenue target by delivering 8000 million yuan in cash flow.
In addition, the company is expected to continue expanding its resource production capacity significantly, with projections indicating a growth rate exceeding 500 GW.
The company’s strategies and forecasts remain under close scrutiny as it navigates a rapidly changing market landscape.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/jinkosolar-reports-20-billion-loss-amid-29-billion-asset-devaluation-and-increased-cash-flow-challenges/
