JinkoSolar Posts Q3 Net Loss of RMB290.4 Million
JKS is trading near its 52-week low of $7.825 (4.9% above the low).
Summary
JinkoSolar reported a Q3 net loss of RMB290.4 million ($43.64 million), a narrower quarterly loss than the pace implied by the first half. The company had already guided on October 16 to a nine-month net loss of RMB3.0-3.6 billion, so this quarter's figure lands inside that range and confirms the loss trend rather than reversing it. The stock trades near its 52-week low of $7.825, and the shares remain under pressure from the H1 loss of RMB3.1 billion and the sector-wide job cuts reported in October. Watch the full Q3 release for gross margin and shipment detail, which the headline does not provide.
At the time of this announcement, JKS was trading at $8.21 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $413.6M. The 52-week trading range was $7.83 to $31.88. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.