JinkoSolar has reported a total revenue of 67.4 billion yuan for the year 2024, reflecting a decrease of 8.4% compared to the previous year. The company’s net profit stands at 6.181 billion yuan, which is down 107.3% year-on-year. The gross profit margin is 1.94 billion yuan, a decline of 124.0%. Additionally, the operating income for the quarter reached -7.93 billion yuan, down 176.7% year-on-year. The earnings per share (EPS) is reported at -0.2548 yuan.
In the fourth quarter, JinkoSolar generated 17.9 billion yuan in revenue, marking a 5.4% increase from the prior year. The net profit for the same period is 4.074 billion yuan, up from 7.046 billion yuan in the previous year, indicating a year-on-year growth. The net profit for the quarter is 7.885 billion yuan, which is down to 1.62 billion yuan, with an EPS of -0.2905 yuan.
As of the end of the fourth quarter, JinkoSolar’s total assets are valued at 79.52 billion yuan, representing an 11.8% increase compared to the previous year. The total liabilities are 27.5 billion yuan, down 7.8% year-on-year.
In its 2024 annual report, JinkoSolar highlighted that the company will continue to focus on solar energy and new energy sources. Despite facing challenges in the consumer market due to external pressures, the company aims to enhance its operational capabilities and innovate its technology to maintain a competitive edge. JinkoSolar has faced reduced demand in international markets, particularly affecting its revenue streams.
The management team has indicated that the company is committed to addressing the challenges posed by market fluctuations and will prioritize new energy innovations. Although faced with certain market pressures, JinkoSolar plans to maintain high-quality supply chains and explore new energy solutions.
For more details, please refer to JinkoSolar’s official site.
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