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JinkoSolar (JKS) Earnings: 3Q20 Key Numbers

JinkoSolar Holdings Co. (NYSE: JKS) reported third quarter 2020 earnings results today. Total revenues rose 17.2% year-over-year to RMB8.77 billion, or $1.29 billion, helped by higher shipments of solar modules. Net income attributable to ordinary shareholders was RMB6.9 million, or $1 million, compared to RMB 363.6 million in the prior-year period. Diluted loss per ADS was RMB6.20, or $0.91.  Adjusted net […]

$JKS December 7, 2020 1 min read
NYSE
$JKS · Earnings

JinkoSolar Holdings Co. (NYSE: JKS) reported third quarter 2020 earnings results today. Total revenues rose 17.2% year-over-year to RMB8.77 billion, or $1.29 billion, helped by higher shipments of solar modules. Net income attributable to ordinary shareholders was RMB6.9 million, or $1 million, compared to RMB 363.6 million in the prior-year period. Diluted loss per ADS was RMB6.20, or $0.91.  Adjusted net […]

· December 7, 2020

JinkoSolar Holdings Co. (NYSE: JKS) reported third quarter 2020 earnings results today.

Total revenues rose 17.2% year-over-year to RMB8.77 billion, or $1.29 billion, helped by higher shipments of solar modules.

Net income attributable to ordinary shareholders was RMB6.9 million, or $1 million, compared to RMB 363.6 million in the prior-year period. Diluted loss per ADS was RMB6.20, or $0.91. 

Adjusted net income was RMB321.4 million, or $47.3 million, compared to RMB301.2 million last year. Adjusted diluted earnings per ADS was RMB7.22, or $1.06.

Total solar module shipments during the quarter totaled 5,117 MW.

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For the fourth quarter of 2020, JinkoSolar expects total solar module shipments to be 5.5 GW to 6.0 GW. Total revenue is expected to range between $1.31 billion and $1.43 billion. 

For full year 2020, the company estimates total solar module shipments to be 18.5 GW to 19 GW.

Prior performance

JinkoSolar reports Q2 2020 earnings results
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