JKS on NYSE

Jinko Solar

Logo: Jinko Solar, Public domain, via Wikimedia Commons⁶

Chinese solar panel manufacturer

JinkoSolar Holding Co., Ltd. is a solar module manufacturer headquartered in Shanghai, China, and listed on the New York Stock Exchange (NYSE: JKS) since 2010. Its subsidiary Jinko Solar Co., Ltd. (SSE: 688223) was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.³ Wikipedia text CC BY-SA 4.0

$8.14 down 0.22 (2.63%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 20, 2026.

Overview

$9.4BRevenue, fiscal 2025⁷

-$635.6MNet income, fiscal 2025⁷

2006Founded¹

Compare with Marvell Technology, Analog Devices or STMicroelectronics, or pick any stock.

TickerJKS on NYSE¹
Industryphotovoltaics¹
HeadquartersShanghai¹
Websitewww.jinkosolar.com
Incorporated inCayman Islands⁸
Business address1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, F4 334100⁸
Filer categoryLarge accelerated filer⁸
Legal formLimited⁴
LEI529900Y93WNCS05FG852⁴
StatusActive⁴
LEI statusLapsed (not renewed)⁴
Registered addressc/o CONYERS TRUST COMPANY (CAYMAN) LIMITED, P.O. Box 2681, Cricket Square, Hutchins Drive, KY1-1111 Georgetown, Cayman Islands⁴
Registered withGeneral Registry, 192788⁴

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.2%Gross margin⁷

-13.6%Operating margin⁷

-6.8%Net margin⁷

-25.9%Revenue growth, 2025⁷

-28.3%Return on equity⁷

-$300.8MFree cash flow⁷

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Sale Of Photovoltaic Products [ Member] brought in 95% of the revenue Jinko Solar broke down this way in fiscal 2025.

Sale Of Photovoltaic Products [ Member]62.5B CNY⁷95%down 31% from 2024
Sales of Other Solar Materials3.0B CNY⁷5%up 31% from 2024

Products and services by year

Products and services	2023	2024	2025
Sale Of Photovoltaic Products [ Member]	116.3B CNY	90.0B CNY	62.5B CNY
Sales of Other Solar Materials	2.4B CNY	2.3B CNY	3.0B CNY

Regions

China brought in 34% of the revenue Jinko Solar broke down this way in fiscal 2025.

China22.6B CNY⁷34%down 28% from 2024
Asia Pacific13.4B CNY⁷21%up 659% from 2024
Americas12.3B CNY⁷19%down 45% from 2024
Europe8.6B CNY⁷13%down 37% from 2024
Rest Of World8.6B CNY⁷13%down 63% from 2024

Regions by year

Regions	2023	2024	2025
China	45.4B CNY	31.2B CNY	22.6B CNY
Asia Pacific	19.4B CNY	1.8B CNY	13.4B CNY
Americas	21.6B CNY	22.5B CNY	12.3B CNY
Europe	21.7B CNY	13.6B CNY	8.6B CNY
Rest Of World	10.5B CNY	23.1B CNY	8.6B CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenue

Cost of revenue95¢$9.2B
Research and development1¢$128.3M
Income tax3¢$317.6M

Out of $9.4B in revenue.⁷ The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

Capital spending

Capital spending100¢$455.6M

Out of $154.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.⁷

Financial statements

Revenue¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷$9.4B in 2025+157% since 2018

Gross profit¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷$201.7M in 2025−61% since 2018

Operating income¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷-$1.3B in 2025

Net income¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷-$635.6M in 2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31
Total revenues	65.5B CNY	92.3B CNY	118.7B CNY
Cost of revenues	-64.1B CNY	-82.2B CNY	-99.6B CNY
Gross profit	1.4B CNY	10.1B CNY	19.0B CNY
Selling and marketing	-4.5B CNY	-6.6B CNY	-6.8B CNY
General and administrative	-3.3B CNY	-4.6B CNY	-4.6B CNY
Impairment of long-lived assets	-1.7B CNY	-1.2B CNY	-640.0M CNY
Research and development	-896.9M CNY	-920.5M CNY	-911.9M CNY
Total operating expenses	-10.3B CNY	-13.4B CNY	-13.0B CNY
Income/(loss) from operations	-8.9B CNY	-3.3B CNY	6.1B CNY
Interest expenses	-1.4B CNY	-1.1B CNY	-1.2B CNY
Interest income	504.1M CNY	414.7M CNY	553.5M CNY
Subsidy income	1.1B CNY	2.4B CNY	1.2B CNY
Exchange gain	7.0M CNY	484.4M CNY	938.1M CNY
Other income/ (loss), net	-219.9M CNY	308.0M CNY	26.1M CNY
Gain from disposal of subsidiaries	72.0M CNY	1.1B CNY	0 CNY
Change in fair value of contingent consideration related to disposal of a subsidiary	-365.0M CNY	-656.9M CNY	0 CNY
Income/ (loss) before income taxes	-9.2B CNY	259.9M CNY	7.5B CNY
Income tax (expenses)/benefits	2.2B CNY	-69.4M CNY	-1.3B CNY
Equity in income/(loss) of affiliated companies	-147.9M CNY	-177.0M CNY	222.7M CNY
Net income/ (loss)	-7.1B CNY	13.5M CNY	6.5B CNY
Less: Net (income)/loss attributable to the non-controlling interests	2.8B CNY	77.0M CNY	-3.0B CNY
Less: Net (income) attributable to redeemable non-controlling interests	-85.9M CNY	-35.9M CNY
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	-4.4B CNY	54.5M CNY	3.4B CNY
Basic	-21.33 CNY	0.26 CNY	16.60 CNY
Diluted	-21.33 CNY	-1.27 CNY	15.23 CNY
Basic	-85 CNY	1 CNY	66 CNY
Diluted	-85 CNY	-5 CNY	61 CNY
Basic	208.4M shares	208.6M shares	207.7M shares
Diluted	208.4M shares	210.0M shares	226.1M shares

Total assets¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷$17.3B in 2025+232% since 2018

Total liabilities¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷$13.4B in 2025+235% since 2018

Shareholders’ equity¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷$2.2B in 2025+97% since 2018

Cash¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷$2.9B in 2025+534% since 2018

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Cash and cash equivalents	20.0B CNY	25.1B CNY
Restricted cash	2.9B CNY	2.7B CNY
Restricted short-term investments	3.3B CNY	3.0B CNY
Short-term investments	4.2B CNY	928.3M CNY
Advances to suppliers - related parties	1.2M CNY	203.1M CNY
Advances to suppliers - third parties	1.3B CNY	2.5B CNY
Inventories, net	14.5B CNY	12.5B CNY
Forward contract receivables	58.9M CNY	115.2M CNY
Prepayments and other receivables - related parties	8.8M CNY	29.8M CNY
Prepayment and other receivables from related parties	4.9B CNY	4.5B CNY
Held-for-sale assets	344.6M CNY	57.5M CNY
Total current assets	68.8B CNY	68.9B CNY
Restricted long-term investments	471.6M CNY	1.3B CNY
Long-term investments	1.4B CNY	1.9B CNY
Property, plant and equipment, net	36.6B CNY	44.8B CNY
Land use rights, net	2.1B CNY	1.8B CNY
Intangible assets, net	445.9M CNY	462.0M CNY
Deferred tax assets	4.6B CNY	2.6B CNY
Right-of-use assets, net	3.6B CNY	448.6M CNY
Advances to suppliers to be utilized beyond one year	605.5M CNY	520.4M CNY
Available-for-sale securities	238.5M CNY	150.9M CNY
Total non-current assets	52.2B CNY	56.0B CNY
Total assets	121.0B CNY	124.9B CNY
Accrued payroll and welfare expenses	2.6B CNY	2.8B CNY
Advances from third parties	5.3B CNY	5.1B CNY
Income tax payables	177.6M CNY	703.5M CNY
Forward contract payables	56.1M CNY	20.8M CNY
Lease liabilities - current	118.4M CNY	145.7M CNY
Short-term borrowings, including current portion of long-term borrowings, and failed sale-leaseback financing	10.7B CNY	6.9B CNY
Other payables and accruals - third parties	12.4B CNY	16.6B CNY
Other payables and accruals - a related party	13.2M CNY	11.1M CNY
Total current liabilities	55.0B CNY	54.5B CNY
Long-term borrowings	18.2B CNY	20.6B CNY
Long-term payables	4.4B CNY	4.4B CNY
Accrued warranty costs - non-current	1.7B CNY	2.1B CNY
Lease liabilities - non-current	3.6B CNY	330.7M CNY
Convertible notes	10.6B CNY	8.6B CNY
Deferred tax liability	30.0M CNY	56.7M CNY
Total non-current liabilities	38.4B CNY	36.2B CNY
Total liabilities	93.5B CNY	90.6B CNY
Redeemable non-controlling interests	1.5B CNY	1.5B CNY
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 211,083,301 and 209,551,893 shares issued as of December 31, 2024 and December 31, 2025, respectively)	29.0K CNY	29.0K CNY
Additional paid-in capital	11.8B CNY	11.2B CNY
Accumulated other comprehensive income	182.8M CNY	225.1M CNY
Treasury stock, at cost; 5,574,244 and 122,540 ordinary shares as of December 31, 2024 and December 31, 2025	-4.0M CNY	-216.5M CNY
Retained earnings	3.7B CNY	8.6B CNY
Total JinkoSolar Holding Co., Ltd. Shareholders' equity	15.7B CNY	19.9B CNY
Non-controlling interests	10.3B CNY	12.8B CNY
Total shareholders' equity	26.0B CNY	32.7B CNY	33.5B CNY	27.0B CNY
Total liabilities, mezzanine equity and shareholders' equity	121.0B CNY	124.9B CNY
Ordinary shares, par value	$0.00	$0.00
Ordinary shares, shares authorized	500.0M shares	500.0M shares
Ordinary shares, shares issued	209.6M shares	211.1M shares	209.9M shares	204.1M shares	193.8M shares
Treasury stock at cost, shares	122.5K shares	5.6M shares	1.4M shares	2.9M shares	2.9M shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Cash and cash equivalents	20.0B CNY	25.1B CNY
Restricted cash	2.9B CNY	2.7B CNY
Restricted short-term investments	3.3B CNY	3.0B CNY
Short-term investments	4.2B CNY	928.3M CNY
Advances to suppliers - related parties	1.2M CNY	203.1M CNY
Advances to suppliers - third parties	1.3B CNY	2.5B CNY
Inventories, net	14.5B CNY	12.5B CNY
Forward contract receivables	58.9M CNY	115.2M CNY
Prepayments and other receivables - related parties	8.8M CNY	29.8M CNY
Prepayment and other receivables from related parties	4.9B CNY	4.5B CNY
Held-for-sale assets	344.6M CNY	57.5M CNY
Total current assets	68.8B CNY	68.9B CNY
Restricted long-term investments	471.6M CNY	1.3B CNY
Long-term investments	1.4B CNY	1.9B CNY
Property, plant and equipment, net	36.6B CNY	44.8B CNY
Land use rights, net	2.1B CNY	1.8B CNY
Intangible assets, net	445.9M CNY	462.0M CNY
Deferred tax assets	4.6B CNY	2.6B CNY
Right-of-use assets, net	3.6B CNY	448.6M CNY
Advances to suppliers to be utilized beyond one year	605.5M CNY	520.4M CNY
Available-for-sale securities	238.5M CNY	150.9M CNY
Total non-current assets	52.2B CNY	56.0B CNY
Total assets	121.0B CNY	124.9B CNY
Accrued payroll and welfare expenses	2.6B CNY	2.8B CNY
Advances from third parties	5.3B CNY	5.1B CNY
Income tax payables	177.6M CNY	703.5M CNY
Forward contract payables	56.1M CNY	20.8M CNY
Lease liabilities - current	118.4M CNY	145.7M CNY
Short-term borrowings, including current portion of long-term borrowings, and failed sale-leaseback financing	10.7B CNY	6.9B CNY
Other payables and accruals - third parties	12.4B CNY	16.6B CNY
Other payables and accruals - a related party	13.2M CNY	11.1M CNY
Total current liabilities	55.0B CNY	54.5B CNY
Long-term borrowings	18.2B CNY	20.6B CNY
Long-term payables	4.4B CNY	4.4B CNY
Accrued warranty costs - non-current	1.7B CNY	2.1B CNY
Lease liabilities - non-current	3.6B CNY	330.7M CNY
Convertible notes	10.6B CNY	8.6B CNY
Deferred tax liability	30.0M CNY	56.7M CNY
Total non-current liabilities	38.4B CNY	36.2B CNY
Total liabilities	93.5B CNY	90.6B CNY
Redeemable non-controlling interests	1.5B CNY	1.5B CNY
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 211,083,301 and 209,551,893 shares issued as of December 31, 2024 and December 31, 2025, respectively)	29.0K CNY	29.0K CNY
Additional paid-in capital	11.8B CNY	11.2B CNY
Accumulated other comprehensive income	182.8M CNY	225.1M CNY
Treasury stock, at cost; 5,574,244 and 122,540 ordinary shares as of December 31, 2024 and December 31, 2025	-4.0M CNY	-216.5M CNY
Retained earnings	3.7B CNY	8.6B CNY
Total JinkoSolar Holding Co., Ltd. Shareholders' equity	15.7B CNY	19.9B CNY
Non-controlling interests	10.3B CNY	12.8B CNY
Total shareholders' equity	26.0B CNY	32.7B CNY	33.5B CNY	27.0B CNY
Total liabilities, mezzanine equity and shareholders' equity	121.0B CNY	124.9B CNY
Ordinary shares, par value	$0.00	$0.00
Ordinary shares, shares authorized	500.0M shares	500.0M shares
Ordinary shares, shares issued	209.6M shares	211.1M shares	209.9M shares	204.1M shares	193.8M shares
Treasury stock at cost, shares	122.5K shares	5.6M shares	1.4M shares	2.9M shares	2.9M shares

Cash from operations¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷$154.7M in 2025+73% since 2018

Capital spending¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷$455.6M in 2025+29% since 2018

Free cash flow¹⁰¹¹¹²¹³¹⁴¹⁵¹⁶⁷-$300.8M in 2025+14% since 2018

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income/ (loss)	-7.1B CNY	13.5M CNY	6.5B CNY
Share-based compensation charge	225.7M CNY	365.8M CNY	862.6M CNY
Change in fair value of foreign exchange forward contracts	-81.3M CNY	-29.1M CNY	-18.1M CNY
Change in fair value of foreign exchange options	-37.6M CNY	-1.3M CNY	-74.3M CNY
Change in fair value of convertible senior notes	0 CNY	-323.5M CNY	31.2M CNY
Change in fair value of short term investments	-3.5M CNY	-22.3M CNY	1.1M CNY
Change in fair value of financial liability and profit distribution	155.0M CNY	-35.0M CNY	793.0K CNY
Deferred income tax benefits	-2.0B CNY	-1.4B CNY	-845.4M CNY
Change in fair value of long-term investment	-33.2M CNY	-163.5M CNY	-221.5M CNY
Net settle from licensed patents income with acquired patents	0 CNY	0 CNY	-50.6M CNY
Depreciation of property, plant and equipment	7.8B CNY	7.5B CNY	7.9B CNY
Amortization of right-of-use assets	106.6M CNY	146.6M CNY	172.6M CNY
Amortization of land use rights	40.6M CNY	40.5M CNY	38.7M CNY
Amortization of intangible assets	122.2M CNY	87.3M CNY	121.7M CNY
Inventory write-down	3.4B CNY	3.3B CNY	2.9B CNY
Provision for expected credit loss	262.0M CNY	138.8M CNY	182.8M CNY
Loss on disposal of equity investments	99.8M CNY	0 CNY	0 CNY
Loss on disposal of property, plant and equipment	31.2M CNY	431.5M CNY	107.8M CNY
Loss on disposal of intangible assets	2.1M CNY	6.2M CNY	13.9M CNY
Loss on early termination of lease	14.8M CNY	25.3M CNY	0 CNY
Impairment of long-lived assets	1.7B CNY	1.2B CNY	640.0M CNY
Equity in loss/(income) of affiliated companies	147.9M CNY	177.0M CNY	-222.7M CNY
Gain on disposal of investment in subsidiaries	-72.0M CNY	-1.1B CNY	0 CNY
Fair value loss of contingent consideration related to disposal of a subsidiary	-365.0M CNY	-656.9M CNY	0 CNY
Exchange gain, net	-7.0M CNY	-484.4M CNY	-938.1M CNY
Decrease/(increase) in accounts receivable - third parties	-187.0M CNY	8.4B CNY	-6.8B CNY
Decrease/(increase) in accounts receivable - related parties	273.3M CNY	-146.6M CNY	-164.2M CNY
Decrease/(increase) in notes receivable - third parties	-1.3B CNY	499.7M CNY	2.5B CNY
Decrease/(increase) in notes receivable - related parties	107.7M CNY	-107.5M CNY	281.6M CNY
Decrease/(increase) in advances to suppliers - third parties	996.8M CNY	2.2B CNY	-1.8B CNY
Decrease/(increase) in advances to suppliers - related parties	201.9M CNY	-196.5M CNY	50.3M CNY
Decrease/(increase) in inventories	-5.4B CNY	2.4B CNY	-3.8B CNY
(Decrease)/increase in long term payable	-24.9M CNY	-193.6M CNY	179.5M CNY
(Decrease)/increase in lease liabilities	-98.2M CNY	-141.7M CNY	21.5M CNY
(Decrease)/increase in prepayments and other receivables - related parties	22.9M CNY	14.1M CNY	-4.3M CNY
(Increase) in prepayments and other current assets	-318.5M CNY	-175.0M CNY	-219.9M CNY
Decrease in other assets - third parties	55.7M CNY	20.7M CNY	62.7M CNY
(Decrease)/increase in accounts payable - third parties	2.7B CNY	-4.5B CNY	5.5B CNY
(Decrease)/increase in accounts payable - related parties	136.2M CNY	-21.2M CNY	21.2M CNY
(Decrease)/increase in accrued payroll and welfare expenses	-133.9M CNY	-19.8M CNY	822.0M CNY
(Decrease)/increase in advances from - third parties	-303.1M CNY	-1.7B CNY	-2.3B CNY
(Decrease) in advances from - related parties	0 CNY	-3.4M CNY	-417.0K CNY
(Decrease)/increase in income tax payables	-525.9M CNY	-312.5M CNY	343.8M CNY
(Decrease)/increase in warranty cost - non current	-480.6M CNY	-9.2M CNY	723.1M CNY
Increase in other payables and accruals - third parties	269.2M CNY	248.0M CNY	1.4B CNY
(Decrease)/increase in other payables and accruals - related parties	2.1M CNY	-530.0K CNY	5.6M CNY
Net cash provided by operating activities	1.1B CNY	16.9B CNY	13.8B CNY
Maturity of restricted short-term investments	3.0B CNY	12.9B CNY	16.7B CNY
Maturity of short-term investments	962.8M CNY	1.0B CNY	0 CNY
Maturity of restricted long-term investments	997.0M CNY	572.8M CNY	1.4B CNY
Proceeds from disposal of property, plant and equipment, land use right and intangible assets	196.0M CNY	322.6M CNY	471.6M CNY
Proceeds from pro rata decrease in equity investments	10.6M CNY	0 CNY	10.0M CNY
Proceeds from disposal of equity investments	203.9M CNY	184.7M CNY	0 CNY
Proceeds from insurer for fire incident	200.0M CNY	0 CNY	0 CNY
Disposal of subsidiaries, net of cash collected/ (paid)	226.6M CNY	1.2B CNY	0 CNY
Cash payment for transaction cost related to subsidiary disposal	0 CNY	-17.7M CNY	0 CNY
Purchase of property, plant and equipment	-3.2B CNY	-9.1B CNY	-15.7B CNY
Purchase of intangible assets	-114.6M CNY	-275.8M CNY	-198.7M CNY
Purchase of restricted short-term investments	-3.3B CNY	-8.3B CNY	-15.2B CNY
Purchase of restricted long-term investments	-140.4M CNY	-364.8M CNY	-1.5B CNY
Purchase of short-term investments	-4.2B CNY	-924.9M CNY	-1.0B CNY
Proceeds from dividends from associates	11.8M CNY	127.1M CNY	127.4M CNY
Acquisition of a subsidiary, net of cash acquired	0 CNY	-36.6M CNY	36.4M CNY
Cash paid for investment in equity securities	-37.0M CNY	-5.5M CNY	-272.3M CNY
Redemption of available-for-sales securities	0 CNY	0 CNY	105.5M CNY
Loan to a third party	-71.6M CNY	0 CNY	0 CNY
Loan repayment from a third party	0 CNY	23.5M CNY	0 CNY
Purchase of time deposits	-42.9M CNY	-74.4M CNY	0 CNY
Purchase of available-for-sale securities	-48.7M CNY	-57.0M CNY	-65.0M CNY
Net cash used in investing activities	-5.4B CNY	-2.9B CNY	-15.2B CNY
Cash payment for finance lease as lessee	0 CNY	-36.6M CNY	-280.8M CNY
Proceeds from exercise of share options	0 CNY	3.7M CNY	0 CNY
Proceeds from disposal of equity interests in Jiangxi Jinko	1.5B CNY	0 CNY	0 CNY
Cash settlement for financial liabilities measured at FVPL	-2.8B CNY	0 CNY	0 CNY
Capital contributions from non-controlling interest holder	0 CNY	600.2M CNY	10.3M CNY
Proceeds from redeemable non-controlling interest holder	0 CNY	1.5B CNY	0 CNY
Proceeds from bank borrowings	14.9B CNY	25.2B CNY	19.8B CNY
Repayment of borrowings	-13.8B CNY	-22.8B CNY	-20.8B CNY
Increase/(decrease) in notes payable - related parties	-30.8M CNY	103.3M CNY	-142.5M CNY
(Decrease)/increase in notes payable - third parties	-1.2B CNY	-14.6B CNY	5.2B CNY
Payment of Jiangxi Jinko's dividend to non-controlling interest holders	0 CNY	-921.5M CNY	-368.3M CNY
Capital deduction from a non - controlling interest holder	-2.0M CNY	0 CNY	0 CNY
Proceeds from issuance of Jiangxi Jinko's convertible notes	1.8B CNY	3.7B CNY	4.7B CNY
Issuance cost paid for issuance of Jiangxi Jinko's convertible notes	0 CNY	0 CNY	-31.9M CNY
Cash payment for dividend	-486.8M CNY	-547.7M CNY	-559.6M CNY
Cash payment for transaction with non - controlling interest	-620.0M CNY	0 CNY	0 CNY
Dividend payment to redeemable non - controlling interest holder	-76.8M CNY	0 CNY	0 CNY
Proceeds from financial liabilities measured at FVPL	0 CNY	2.4B CNY	830.5M CNY
Borrowings from government background funds	0 CNY	0 CNY	650.0M CNY
Repurchase of shares	-4.0M CNY	-875.0M CNY	-79.3M CNY
Repurchase of ordinary shares of Jiangxi Jinko	0 CNY	0 CNY	-300.1M CNY
Net cash (used in)/provided by financing activities	-758.7M CNY	-6.3B CNY	8.6B CNY
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	254.6M CNY	630.9M CNY	849.0M CNY
Net increase/(decrease) in cash, cash equivalents, and restricted cash	-4.8B CNY	8.3B CNY	8.2B CNY
Cash paid for income tax	1.0B CNY	1.7B CNY	1.8B CNY
Cash paid for interest expenses (net of amounts capitalized)	1.6B CNY	827.1M CNY	1.1B CNY
Purchases of property, plant and equipment included in payables	8.1B CNY	9.3B CNY	8.4B CNY
Receivables related to disposal of property, plant and equipment and land use right	15.2M CNY	33.8M CNY	89.5M CNY
Offset of receivables with payables for mutual patent licensing	0 CNY	0 CNY	50.6M CNY
Offset of receivables with payables for acquisition of a subsidiary	0 CNY	242.5M CNY	0 CNY
Conversion of convertible senior notes to ordinary shares	0 CNY	465.2M CNY	247.3M CNY
Equity interests swap for long - term investments	52.5M CNY	0 CNY	0 CNY

Compare Jinko Solar with another company

Corporate structure

Jinko Solar sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Jinko Solar

Zhuoling International Ltd Filed SCHEDULE 13D/A on Jinko Solar, latest Oct 1, 2026
Peaky Investments Ltd Filed SCHEDULE 13G on Jinko Solar, latest Jul 29, 2025
Xiande Li Filed SC 13D/A on Jinko Solar, latest Jul 3, 2024 (5 filings since Jul 22, 2022)
Kangping Chen Filed SC 13D on Jinko Solar, latest Dec 23, 2022 (2 filings since Feb 14, 2022)
D. E. SHAW & CO, L.P. Filed SC 13G/A on Jinko Solar, latest Feb 14, 2022
Invesco Filed SC 13G/A on Jinko Solar, latest Jan 31, 2022

Jinko Solar Georgetown, Cayman Islands
- ENERGIA SOLAR CUNCUNUL S DE RL DE CV Subsidiary · Shanghai, China
- JINKOSOLAR MIDDLE EAST DMCC (جينكوسولار ميدل إيست م.د.م.س) Subsidiary · Dubai, United Arab Emirates

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Jinko Solar reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	52.0B CNY⁷ Dec 31, 2025	56.5B CNY⁷ Dec 31, 2024	−8.1%
Accumulated depreciation	16.2B CNY⁷ Dec 31, 2025	14.7B CNY⁷ Dec 31, 2024	+9.9%
Finance-lease assets	$0¹⁶ Dec 31, 2024	$11.6M¹⁵ Dec 31, 2023	−100.0%
Operating-lease assets (leased space)	$61.5M¹⁶ Dec 31, 2024	$93.0M¹⁵ Dec 31, 2023	−33.9%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$2.9B⁷ Dec 31, 2025	$3.4B¹⁶ Dec 31, 2024	−16.6%
Marketable securities, current	$598.5M⁷ Dec 31, 2025	$127.2M¹⁶ Dec 31, 2024	+370.6%
Marketable securities, non-current	$34.1M⁷ Dec 31, 2025	$20.7M¹⁶ Dec 31, 2024	+64.9%
Stakes in other companies (equity method)	698.4M CNY⁷ Dec 31, 2025	899.4M CNY⁷ Dec 31, 2024	−22.3%

Intangibles and goodwill

Item	Latest	A year before	Change
Intangible assets, net (excluding goodwill)	$63.8M⁷ Dec 31, 2025	$63.3M¹⁶ Dec 31, 2024	+0.7%
Accumulated amortization	308.3M CNY⁷ Dec 31, 2025	209.1M CNY⁷ Dec 31, 2024	+47.4%

Inventory

Item	Latest	A year before	Change
Inventory, total	$2.1B⁷ Dec 31, 2025	$1.7B¹⁶ Dec 31, 2024	+20.9%
Raw materials	5.3B CNY⁷ Dec 31, 2025	3.3B CNY⁷ Dec 31, 2024	+58.5%
Work in process	2.1B CNY⁷ Dec 31, 2025	1.9B CNY⁷ Dec 31, 2024	+9.0%
Finished goods	7.1B CNY⁷ Dec 31, 2025	7.2B CNY⁷ Dec 31, 2024	−2.2%

The story

In December 2006, JinkoSolar was established in December 2006 in Shangrao, Jiangxi, China.

In May 2010, JinkoSolar was listed on the New York Stock Exchange. In 2015, JinkoSolar established manufacturing operations in Malaysia.

Jinko Solar provided the equipment for, and has a 20% ownership stake in, the 2 GW Al Dhafra Solar project in the United Arab Emirates, which was announced in 2020 and opened in 2023 and was one of the world's largest solar projects.

In 2021, the U.S. Customs and Border Protection began blocking the import of JinkoSolar products into the United States due to concerns about the use of forced Uyghur labor. In August 2023, the U.S. Department of Commerce determined that JinkoSolar had not circumvented tariffs on Chinese made goods.

In May 2023, agents from the United States Department of Homeland Security and Federal Bureau of Investigation raided JinkoSolar's offices in Jacksonville, Florida. A survey conducted by US Customs and Border Protection in 2024 indicated taking a strong enforcement approach that will be difficult to answer for small/medium-sized solar companies without stable supply chain. Increased enforcement was noted by Roth Capital Partners to be beneficial for larger manufacturers such as Jinko, who had "mostly cleared the UFLPA gauntlet". As of May 2024, no further action has been taken by federal officials on the matter.

In November 2024, JinkoSolar Holding Co. announced an offering of up to 4.5 billion yuan seeking a listing on the Frankfurt stock exchange.

JinkoSolar is a member of the Silicon Module Super League. The four other original members of the group are Canadian Solar, Hanwha Q CELLS, JA Solar, and Trina Solar.

From Wikipedia’s article on JinkoSolar, shared under CC BY-SA 4.0.⁹

Leadership

Who has led Jinko Solar, and when. Pick a name to see everywhere that person has worked.

Chief executive

Xiande Li2026–now

2010201520202025

Chief executive officerXiande Li Mar 18, 2026 to now¹⁷

Board members and other officers (6)

Board memberGang Chu Mar 17, 2026 to now¹⁸
Board memberHaiyun Cao Mar 17, 2026 to now¹⁹
Board memberStephen Markscheid Mar 17, 2026 to now²⁰
Board memberWing Keong Siew Mar 17, 2026 to now²¹
Board memberXiande Li Mar 18, 2026 to now¹⁷
Board memberXianhua Li Mar 18, 2026 to now²²

Products and brands

JinkoSolar produces ingots, wafers, cells, and modules. Solar photovoltaic modules are the company's main product.

In 2015, JinkoSolar entered a partnership with DuPont to incorporate materials into photovoltaic metallization pastes and polyvinyl fluoride films in its solar modules.

JinkoSolar began mass production of n-type TOPCon cells in 2019. Also in 2019, Jinko officially opened the company's first U.S. factory. In 2022, the company established a factory in Vietnam.

From Wikipedia’s article on JinkoSolar, shared under CC BY-SA 4.0.⁹

Timeline

Mar 18, 2026New chief executive Xiande Li becomes CEO¹⁷
May 14, 2010Went public Listed on NYSE¹
2006Founded Founded¹

Calendar

Coming up

Nov 16, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1 a share, on Nov 17, 2025.²³

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

151 filings to the SEC since October 2021: 5 annual reports, 18 insider forms, 11 large holders, 117 other. The latest 20:

The 151 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 1 buys and 4 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jun 30, 2026	Siew Wing KeongDirector	Sale	16,000	$16.49	$263.8K	Form 4
May 13, 2026	Markscheid StephenDirector	Sale	2,000	$25.00	$50.0K	Form 4
May 13, 2026	Markscheid StephenDirector	Buy	2,000	$25.00	$50.0K	Form 4
May 13, 2026	Siew Wing KeongDirector	Sale	16,000	$26.11	$417.8K	Form 4
May 13, 2026	LI XIANHUADirector	Sale	1,280,000	$25.53	$32.7M	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Zhuoling International LtdSCHEDULE 13D/A, 1 filing Oct 1, 2026²⁴
Peaky Investments LtdSCHEDULE 13G, 1 filing Jul 29, 2025²⁵
Xiande LiSC 13D/A, 5 filings Jul 22, 2022 to Jul 3, 2024²⁶
Kangping ChenSC 13D, 2 filings Feb 14, 2022 to Dec 23, 2022²⁷
D. E. SHAW & CO, L.P.SC 13G/A, 1 filing Feb 14, 2022²⁸
InvescoSC 13G/A, 1 filing Jan 31, 2022²⁹

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	2,502,115	$42.0M	0.0%	+536,495
Invesco Ltd.	2,124,129	$35.7M	0.0%	+408,941
Storebrand Asset Management As	1,600,305	$26.9M	0.1%	+529,638
State Street Corp	965,203	$17.7M	0.0%	+241,980
Vanguard Capital Management LLC	1,011,856	$17.0M	0.0%	+4,925
Legal & General Group Plc	984,512	$16.5M	0.0%	+469,387
Two Sigma Investments, LP	826,714	$13.9M	0.0%	+188,405
Dimensional Fund Advisors LP	751,434	$12.6M	0.0%	−93,583
UBS Group AG	664,574	$11.2M	0.0%	+440,280
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	580,443	$9.2M	0.0%	+238,433
Charles Schwab Investment Management Inc	482,791	$8.1M	0.0%	+17,564
Morgan Stanley	437,915	$7.4M	0.0%	−344,455
Mackenzie Financial Corp	431,086	$7.2M	0.0%	−950,392
Boothbay Fund Management, LLC	288,713	$4.9M	0.1%	+182,719
Vanguard Fiduciary Trust Co	256,232	$4.3M	0.0%	−6,034
Nomura Holdings Inc	247,086	$4.2M	0.0%	New
Millennium Management LLC	237,270	$4.0M	0.0%	−37,397
Centiva Capital, LP	204,251	$3.4M	0.1%	+76,500
Trexquant Investment LP	132,257	$2.2M	0.0%	+92,242
Susquehanna Fundamental Investments, LLC	124,067	$2.1M	0.0%	New
Goldman Sachs Group Inc	114,788	$1.9M	0.0%	−139,140
Balyasny Asset Management L.P.	114,603	$1.9M	0.0%	New
Qube Research & Technologies Ltd	106,743	$1.8M	0.0%	New
Point72 Asset Management, L.P.	103,105	$1.7M	0.0%	+28,449
Himension Capital (singapore) Pte. Ltd.	102,636	$1.7M	0.1%	+20,317

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Jinko Solar is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARJinkoSolar Holding Co., Ltd.²
CIK0001481513
Filer statusLarge accelerated filer not an emerging growth company; not a shell company³⁰
Incorporated inCayman Islands³⁰
Fiscal year endsDecember 31²
Industry code (SIC)3674 Semiconductors & Related Devices²
SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance²
Business address1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, F4 334100²
Phone(86-793)858-8188²
Shares outstanding209,429,353 shares as of Dec 31, 2025³⁰
AuditorPricewaterhouseCoopers Zhong Tian LLP, Shanghai, the People’s Republic of China PCAOB ID 1424; it also attests to the company’s internal control over financial reporting³⁰
On EDGAR sinceJan 20, 2010²
Filings434 in all: 6-K (220), CORRESP (28), SC 13G/A (21), 20-F (16), UPLOAD (15), 144 (14), SD (13), SC 13G (11)²
All 36 form types
424B5 (10), F-1/A (10), 4 (9), 3 (8), SC 13D/A (7), 6-K/A (6), S-8 (6), EFFECT (5), 20-F/A (4), CT ORDER (4), FWP (4), 144/A (2), 424B4 (2), CERTNYS (2), F-1 (2), F-3 (2), SC 13D (2), 4/A (1), 8-A12B (1), 8-A12B/A (1), F-3/A (1), F-3ASR (1), F-3MEF (1), F-6 (1), F-6 POS (1), F-6/A (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1)
Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

Class	Symbol	Exchange
American Depositary Shares, each representing fourordinary shares, par value US$0.00002 per share	JKS	New York Stock Exchange
Ordinary shares, par value US$0.00002 per share*

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).³⁰

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataJinko Solar on Wikidata
2
SEC EDGARJinko Solar filings on SEC EDGAR
3
WikipediaJinko Solar on Wikipedia
4
GLEIFJinko Solar LEI record (529900Y93WNCS05FG852)
5
Yahoo FinanceJKS quote
6
Wikimedia CommonsJinko Solar logo by Jinko Solar, Public domain
7
SEC EDGARJinko Solar 10-K for fiscal 2025
8
SEC EDGARJinko Solar filings on SEC EDGAR
9
WikipediaJinko Solar on Wikipedia (revision used)
10
SEC EDGARJinko Solar 10-K for fiscal 2018
11
SEC EDGARJinko Solar 10-K for fiscal 2019
12
SEC EDGARJinko Solar 10-K for fiscal 2020
13
SEC EDGARJinko Solar 10-K for fiscal 2021
14
SEC EDGARJinko Solar 10-K for fiscal 2022
15
SEC EDGARJinko Solar 10-K for fiscal 2023
16
SEC EDGARJinko Solar 10-K for fiscal 2024
17
SEC EDGARXiande Li, Chief executive officer
18
SEC EDGARGang Chu, Board member
19
SEC EDGARHaiyun Cao, Board member
20
SEC EDGARStephen Markscheid, Board member
21
SEC EDGARWing Keong Siew, Board member
22
SEC EDGARXianhua Li, Board member
23
NasdaqNasdaq calendar
24
SEC EDGARZhuoling International Ltd SCHEDULE 13D/A on Jinko Solar
25
SEC EDGARPeaky Investments Ltd SCHEDULE 13G on Jinko Solar
26
SEC EDGARXiande Li SC 13D/A on Jinko Solar
27
SEC EDGARKangping Chen SC 13D on Jinko Solar
28
SEC EDGARD. E. SHAW & CO, L.P. SC 13G/A on Jinko Solar
29
SEC EDGARInvesco SC 13G/A on Jinko Solar
30
SEC EDGARJinko Solar 20-F filed Apr 29, 2026: cover page