JinkoSolar Guides to 9-Month Net Loss of Up to $538M
JKS is trading near its 52-week low of $8.04 (3.2% above the low).
Summary
JinkoSolar expects a nine-month net loss of 3.0-3.6 billion yuan ($449-538 million), extending the losses already reported for the first half. The company posted a 3.1 billion yuan H1 loss in August, so the new range implies the third quarter added little to no improvement — the bottom line is still bleeding at roughly the same pace. With the stock near its 52-week low of $8.04 and a market cap under half a billion dollars, a loss of this size is material relative to the company's value. The guidance follows a string of negative signals: a Q2 revenue miss, a 4.2% gross margin, and a director-controlled holder selling 2.02 million shares in late September. The solar manufacturing sector remains under severe pressure, with China's five largest producers cutting over 40,000 jobs in 2025.
Updates
· SEC 6-K — JinkoSolar announced its subsidiary Jiangxi Jinko's preliminary unaudited net loss attributable to shareholders excluding extraordinary gains and losses for the nine months ended September 30, 2026 is estimated at RMB3,811.12 million to RMB4,411.12 million.
- Preliminary unaudited net loss attributable to shareholders of Jiangxi Jinko estimated RMB2,976.33 million to RMB3,576.33 million for the nine months ended September 30, 2026.
- JinkoSolar currently owns approximately 54.32% equity interest in Jiangxi Jinko.
- Jiangxi Jinko Preliminary Unaudited Financial Results are prepared in accordance with PRC GAAP, whereas JinkoSolar's Consolidated Financials are prepared in accordance with accounting principles generally accepted in the United States.
At the time of this announcement, JKS was trading at $8.30 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $420.2M. The 52-week trading range was $8.04 to $31.88. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.