JinkoSolar: Expected net loss of 5.9 billion to 6.9 billion yuan in 2025

Gelonghui, January 21 | JinkoSolar (688223.SH) announced that it expects to achieve a net profit attributable to shareholders of the parent company for the 2025 fiscal year of between -6.9 billion yuan and -5.9 billion yuan. In the same period last year, the company recorded a profit of 98.9276 million yuan. Facing industry fluctuations, the company released the industry-leading new generation "Feihu 3" high-efficiency module product, and has continuously promoted capacity technology upgrades and transformation. Meanwhile, its energy storage business has developed rapidly, with significant results in the synergy between PV and storage. During the reporting period, the overall price of PV modules remained low, and the shipment proportion of the company's high-power products was still relatively low. In accordance with the principle of prudence, the company conducted impairment tests on long-term assets showing signs of impairment, and after careful evaluation, will make asset impairment provisions according to enterprise accounting standards, which has a certain impact on performance. These factors combined have led to an operating loss for the full year.