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JKS · Jinko Holdings Ltd · Financials

Track JKS — free
$11.09 +0.80 (+7.77%) Q4 2025 earnings call transcript
Market Cap
$538.89M
Shares
52.37M
Volume · Nov 6 1.02M Avg daily vol (3M) 780.47K

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
65.5B +16063.5%
FY2025 Revenue FY2009–FY2025
Net Income
-4.45B -8250.2%
FY2025 Net Income FY2009–FY2025
Gross Margin
2.15% -2479.7pp
FY2025 Gross Margin FY2009–FY2025
Operating Margin
-13.6% +811.8pp
FY2025 Operating Margin FY2009–FY2025
Diluted EPS
-21.33 -1579.5%
FY2025 Diluted EPS FY2009–FY2025
Operating Cash Flow
1.08B -93.6%
FY2025 Operating Cash Flow FY2009–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
CNY -219.95M 308.03M 26.13M 1.57M 1.91M 2.29M 17.87M 25.82M 59.65M 8.77M 1.04M -1.56M — — — — —
USD/shares -$3.05 $0.04 $2.34 $0.45 $0.59 $0.20 $0.76 — — — $0.85 $0.88 $0.33 -$2.79 $0.46 — —
USD/shares -$3.05 -$0.17 $2.15 $0.45 $0.31 -$0.21 $0.70 — — — $0.83 $0.62 $0.32 -$2.79 -$0.20 — —
shares 208.41M 208.61M 207.71M 198M 190.67M 178.94M 169.36M 153.81M 128.94M 125.87M 124.62M 122.98M 94.02M 88.75M 93.97M 74.9M 50.73M
shares 208.41M 209.98M 226.11M 200.41M 205.72M 171.44M 166.57M 154.7M 131.69M 130.59M 127.8M 153.79M 96.04M 88.75M 102.69M 80.75M 50.73M
Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Read debt and covenant terms in your AI or your code through MCP and the API →

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Current debt and lease obligations 2025-12-31 CNY 10,655,366,000 20-F filed 2026-04-29
Current portion of other long-term debt 2025-12-31 CNY 852,655,000 20-F filed 2026-04-29
Finance lease liabilities 2025-12-31 CNY 3,360,273,000 20-F filed 2026-04-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current finance lease liabilities
CNY 5,000
Noncurrent finance lease liabilities
CNY 3,360,268,000
Loans payable, including current maturities 2025-12-31 CNY 27,397,438,000 20-F filed 2026-04-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Noncurrent loans payable
CNY 18,206,905,000
Noncurrent convertible debt 2025-12-31 CNY 10,594,637,000 20-F filed 2026-04-29
Noncurrent convertible debt 2025-12-31 USD 1,515,013,000 20-F filed 2026-04-29
Noncurrent loans payable 2025-12-31 USD 2,603,553,000 20-F filed 2026-04-29
Noncurrent notes payable 2025-12-31 CNY 4,371,333,000 20-F filed 2026-04-29
Noncurrent notes payable 2025-12-31 USD 625,092,000 20-F filed 2026-04-29
Operating lease liabilities 2025-12-31 CNY 308,689,000 20-F filed 2026-04-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current operating lease liabilities
CNY 118,359,000
Noncurrent operating lease liabilities
CNY 190,330,000
Short-term borrowings 2025-12-31 CNY 10,655,366,000 20-F filed 2026-04-29
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
—
Peer median 1.34×
EV/EBIT
—
Peer median 68.30×
P/E (TTM)
—
Peer median 23.50×
Price/Sales (TTM)
—
Peer median 0.62×
Price/Book
0.24×
Peer median 1.90×

Peer medians compare against the 10 similar-size Solar companies (of 23 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Geography (CNY)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
China 22,588,614,000 31,212,181,000 45,418,257,000 34,839,410,000 10,134,888,000 6,370,975,000 5,195,021,423 6,610,688,059
Asia Pacific 13,436,711,000 1,771,391,000 19,431,642,000 11,274,447,000 10,239,162,000 9,603,211,000 7,304,164,060 6,575,869,478
Americas 12,303,917,000 22,535,516,000 21,640,478,000 11,704,413,000 — — — —
Europe 8,608,626,000 13,624,895,000 21,731,240,000 19,637,777,000 7,481,581,000 4,644,487,000 5,201,919,985 1,984,476,407
Rest of World 8,559,778,000 23,112,319,000 10,456,974,000 5,671,249,000 6,349,091,000 4,412,670,000 4,494,727,350 7,125,230,488
North America — — — — 6,621,799,000 10,098,116,000 7,550,454,941 2,746,348,909

By Product & Service (CNY)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Sale of Photovoltaic Products 62,527,592,000 89,991,217,000 116,262,223,000 — — — — —
Other Solar Material 2,970,054,000 2,265,085,000 2,374,386,000 1,380,875,000 1,043,760,000 478,184,000 155,742,512 203,210,936
Sales of Solar Projects 0 0 41,982,000 31,400,000 0 1,197,713,000 0 93,451,309
Generated Electricity — — — — 100,696,000 100,517,000 50,054,371 0
Processing Service Fees — — — — 186,045,000 0 0 —
Silicon Wafers — — — 466,553,000 1,152,055,000 452,141,000 913,702,864 567,241,687
Solar Cells — — — 1,024,114,000 606,582,000 344,510,000 282,407,099 291,232,876
Solar Modules — — — 80,224,354,000 37,737,383,000 32,556,394,000 28,344,380,913 23,887,476,533
Key facts CIK 1481513 CUSIP 47759T100 13F (30d) 38 filings 32 filers Visit website Investor relations