JinkoSolar Holding 2025 Q1 Earnings Misses Targets with Net Income Plummeting 314.2%

JinkoSolar Holding (JKS) reported its fiscal 2025 Q1 earnings on Apr 29th, 2025. JinkoSolar's results fell short of expectations, with revenue decreasing by 39.9% year-over-year to $1.91 billion, despite surpassing analyst projections of $1.89 billion. The company adjusted its guidance, projecting module shipments between 20.0 GW and 25.0 GW for Q2 2025. This outlook reflects current market challenges, including low pricing and trade policy changes, which have pressured profit margins and led to significant financial deterioration.

Revenue

JinkoSolar Holding's total revenue for Q1 2025 was $13.84 billion, marking a 39.9% decrease from $23.04 billion in Q1 2024. The drop was primarily attributed to lower average selling prices for solar modules and a decrease in shipments.

Earnings/Net Income

JinkoSolar Holding swung to a loss of $6.40 per share in 2025 Q1 from a profit of $2.82 per share in 2024 Q1, reflecting a 327.0% negative change. The net loss was $2.06 billion, a deterioration of 314.2% from the previous year's net income of $960.42 million. The EPS reflects poor performance due to pricing pressures and trade policy disruptions.

Price Action

The stock price of JinkoSolar Holding edged up 0.06% during the latest trading day, increased by 0.89% over the most recent full trading week, but suffered a significant decline of 15.57% month-to-date.

Post-Earnings Price Action Review

Following the earnings report, JinkoSolar Holding's stock price exhibited positive trends, notably in net income and EPS, with potential maximum returns of 10.00% over a 30-day period. The 30-day win rate for these metrics stood at 49.28%, indicating a higher probability of positive short-term influence on the stock price. However, revenue's 3-day win rate was lower at 50.40%, suggesting that while revenue may not immediately impact the stock price, it could contribute to long-term gains. Overall, the earnings report metrics have influenced the stock price in varied ways, reflecting investor sentiment and market conditions.

CEO Commentary

Mr. Xiande Li, JinkoSolar's Chairman and CEO, highlighted that module shipments reached 17.5 GW with revenues of $1.91 billion for Q1 2025. He acknowledged the pressure from low prices within the solar supply chain and international trade policy disruptions affecting profit margins. Despite these challenges, the company successfully met delivery commitments and optimized costs through strategic adjustments.

Guidance

For Q2 2025, JinkoSolar anticipates module shipments between 20.0 GW and 25.0 GW and estimates full-year shipments between 85.0 GW and 100.0 GW. The company expects to achieve annual production capacities of 120.0 GW for mono wafers, 95.0 GW for solar cells, and 130.0 GW for modules by the end of 2025.

Additional News

In April 2025, JinkoSolar was recognized as the most bankable solar module company in BloombergNEF's 2024 PV Module Bankability Survey. The company also announced changes to its Board of Directors in March, aiming to strengthen leadership amid market challenges. Earlier in February, JinkoSolar topped Wood Mackenzie's Global Solar Module Manufacturers Ranking for 2025, reflecting its continued innovation and industry leadership.