China's Top Solar Makers Cut 40,000 Jobs in 2025 as Losses Deepen
JKS is trading near its 52-week low of $8.295 (3.8% above the low).
Summary
China's five largest solar manufacturers, including JinkoSolar, cut 40,589 jobs in 2025, a 21% workforce reduction that follows a 31% cut in 2024. The industry is selling modules at $130/kW, down from $350/kW in 2019, with average EBIT margins at -13%. Jefferies expects China installations to drop to 150-200 GW in 2026 from 315 GW in 2025, and exports fell 10% year-on-year through August. This follows JinkoSolar's first-half net loss of $461 million reported in August and insider selling by a major shareholder in late September. The overcapacity crisis shows no near-term resolution, with pricing reforms and shrinking demand compounding losses.
At the time of this announcement, JKS was trading at $8.61 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $432.7M. The 52-week trading range was $8.30 to $31.88. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.