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.
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
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
