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JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of December 31, 2023, it had an integrated annual capacity of 85 gigawatts (GW) for mono wafers; 90 GW for solar cells; and 110 GW for solar modules. It operates in China, the United States, Mexico, Australia, Japan, the United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, Germany, and internationally. JinkoSolar Holding Co., Ltd. was founded in 2006 and is headquartered in Shangrao, the People's Republic of China.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
JinkoSolar Holding Company Limited is a vertically integrated Chinese solar PV manufacturer that produces silicon wafers, cells and modules and sells products globally. Long-term growth drivers include accelerating global solar deployment, improving module efficiency and the company's scale and vertical integration, which may support cost competitiveness and market share.
Material risks include cyclical module and silicon price pressure, trade and tariff actions targeting Chinese suppliers, and execution and regulatory challenges in international project markets.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 2170.42M | 1149.71M | 513.67M | 1202.33M | 409.99M |
| Minority interest | -957.77M | -234.55M | 3002.92M | 3137.71M | 614.09M |
| Net income | 665.16M | 721.02M | 230.39M | 898.66M | 406.48M |
| Selling general administrative | 3481.32M | 1945.53M | 1396.99M | 1047.05M | 768.38M |
| Selling and marketing expenses | 7241.89M | 2856.47M | 2473.98M | 2250.34M | 1708.27M |
| Gross profit | 12278.31M | 6657.84M | 6171.66M | 5431.69M | 3513.74M |
| Reconciled depreciation | 2759.56M | 1802.07M | 1410.70M | 978.95M | 817.28M |
| Ebit | 802.98M | 1376.22M | 1899.12M | 1797.89M | 659.47M |
| Ebitda | 3432.67M | 3042.50M | 3135.35M | 2631.30M | 1476.75M |
| Depreciation and amortization | 2629.70M | 1666.28M | 1236.24M | 833.41M | 817.28M |
| Non operating income net other | - | - | - | 0.00M | 0.00M |
| Operating income | 802.98M | 1376.22M | 1899.12M | 1797.89M | 659.47M |
| Other operating expenses | 80466.18M | 39052.78M | 34077.68M | 28063.75M | 24346.64M |
| Interest expense | 490.70M | 624.03M | 459.23M | 391.58M | 295.69M |
| Tax provision | 579.24M | 194.14M | 178.41M | 277.98M | 4.41M |
| Interest income | 450.62M | 480.20M | 1412.85M | 560.62M | 306.12M |
| Net interest income | -490.70M | -624.03M | -459.23M | -410.23M | -295.69M |
| Extraordinary items | - | - | - | 0.00M | 0.00M |
| Non recurring | - | - | - | 0.00M | 0.00M |
| Other items | - | - | - | 0.00M | 0.00M |
| Income tax expense | 605.28M | 194.14M | 178.41M | 277.98M | 4.41M |
| Total revenue | 83127.30M | 40826.52M | 35129.46M | 29746.29M | 25042.61M |
| Total operating expenses | 9617.19M | 4884.09M | 5119.88M | 3749.15M | 2817.77M |
| Cost of revenue | 70848.98M | 34168.69M | 28957.80M | 24314.60M | 21528.87M |
| Total other income expense net | 1367.44M | -226.51M | -1385.45M | -595.56M | -249.49M |
| Discontinued operations | - | - | - | 0.00M | 0.00M |
| Net income from continuing ops | 1622.93M | 955.57M | 335.26M | 924.35M | 405.58M |
| Net income applicable to common shares | 665.16M | 721.02M | 230.38M | 898.66M | 406.48M |
| Preferred stock and other adjustments | - | - | - | 0.00M | 0.00M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 135831.83M | 108662.18M | 72983.49M | 53232.37M | 47844.72M |
| Intangible assets | 2390.10M | 1511.02M | 1145.54M | 796.80M | 634.32M |
| Other current assets | 16030.73M | 13406.36M | 13074.53M | 10221.23M | 10357.95M |
| Total liab | 102297.68M | 81658.29M | 58696.24M | 40241.61M | 35403.69M |
| Total stockholder equity | 20156.43M | 16337.24M | 11049.78M | 9987.84M | 9303.32M |
| Deferred long term liab | - | - | - | - | 0.00M |
| Other current liab | 49434.82M | 21283.22M | 12774.71M | 2451.49M | 9454.06M |
| Common stock | 0.03M | 0.03M | 0.03M | 0.03M | 0.02M |
| Capital stock | 0.03M | 0.03M | 0.03M | 0.03M | 0.02M |
| Retained earnings | 9137.73M | 6249.88M | 5629.38M | 4908.36M | 4671.37M |
| Other liab | - | 2192.81M | 1619.78M | 1132.95M | 949.03M |
| Good will | 0.00M | - | - | - | 0.00M |
| Other assets | - | 3867.33M | 4643.25M | 4958.11M | 3458.31M |
| Cash | 16060.68M | 10243.50M | 8321.42M | 7481.68M | 5653.85M |
| Cash and equivalents | - | 10372.70M | 8321.42M | 7481.68M | 5653.85M |
| Total current liabilities | 81060.65M | 64936.19M | 45459.47M | 31216.80M | 31277.23M |
| Current deferred revenue | 24255.27M | 814.55M | 200.00M | 4589.10M | 0.75M |
| Net debt | 40733.95M | 37536.62M | 28964.61M | 20135.78M | 14357.05M |
| Short term debt | 14522.67M | 32460.34M | 25669.04M | 19725.59M | 16833.48M |
| Short long term debt | 40057.28M | 32226.47M | 25411.59M | 19405.02M | 16565.82M |
| Short long term debt total | 56794.63M | 47780.12M | 37286.03M | 27617.46M | 20010.90M |
| Other stockholder equity | 10659.09M | 9869.59M | 4874.51M | 4516.07M | 3879.27M |
| Property plant equipment | - | 33245.46M | 21036.76M | 13601.08M | 11785.82M |
| Total current assets | 82945.20M | 68327.29M | 45524.07M | 33682.13M | 31688.25M |
| Long term investments | 2221.76M | 1711.07M | 633.87M | 194.26M | 278.02M |
| Net tangible assets | - | 14871.03M | 9904.25M | 9191.05M | 8669.00M |
| Short term investments | 1023.70M | 104.50M | 150.00M | 570.00M | 1170.82M |
| Net receivables | 27048.78M | 23794.51M | 9189.62M | 6029.68M | 7335.28M |
| Long term debt | 16024.29M | 15511.77M | 11563.69M | 7301.54M | 2314.40M |
| Inventory | 22781.32M | 20778.43M | 14788.51M | 9379.55M | 8341.16M |
| Accounts payable | 15475.17M | 10378.08M | 6815.72M | 4450.61M | 4988.94M |
| Total permanent equity | - | - | - | - | 0.00M |
| Noncontrolling interest in consolidated entity | - | - | - | - | 0.00M |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | 0.00M |
| Accumulated other comprehensive income | 359.58M | 217.73M | 545.87M | 563.39M | 752.66M |
| Additional paid in capital | - | - | - | - | 0.00M |
| Common stock total equity | - | - | - | 0.03M | 0.02M |
| Preferred stock total equity | - | - | - | - | 0.00M |
| Retained earnings total equity | - | - | - | - | 0.00M |
| Treasury stock | - | - | -43.17M | -43.17M | -13.88M |
| Accumulated amortization | - | - | - | - | 0.00M |
| Non currrent assets other | 6265.15M | -704.24M | -371.77M | -255.11M | -271.29M |
| Deferred long term asset charges | - | - | - | - | 0.00M |
| Non current assets total | 52886.63M | 36467.56M | 22816.16M | 14592.13M | 12698.16M |
| Capital lease obligations | 713.07M | 643.64M | 879.25M | 910.90M | 1130.68M |
| Long term debt total | - | 15581.65M | 11800.06M | 7614.72M | 2897.89M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -12272.39M | 10.00M | -570.00M | -6025.29M | -3934.83M |
| Change to liabilities | 0.00M | 6379.10M | -2182.90M | 1896.58M | 2248.47M |
| Total cashflows from investing activities | - | -11309.23M | -4918.69M | -6025.29M | -3934.83M |
| Net borrowings | - | 10749.80M | 2533.50M | 4584.16M | 2660.70M |
| Total cash from financing activities | 20018.92M | 12017.85M | 6297.28M | 7381.82M | 3972.61M |
| Change to operating activities | - | -464.45M | -67.56M | -1433.45M | -1656.63M |
| Net income | 620.51M | 721.02M | 230.38M | 898.66M | 406.48M |
| Change in cash | 2173.71M | 1022.47M | 1800.81M | 2791.93M | 720.65M |
| Begin period cash flow | 9097.25M | 8074.77M | 6273.96M | 3482.03M | 2761.37M |
| End period cash flow | 11270.95M | 9097.25M | 8074.77M | 6273.96M | 3482.03M |
| Total cash from operating activities | -5800.78M | 430.65M | 591.49M | 1410.64M | 614.55M |
| Issuance of capital stock | 0.00M | 641.07M | 0.00M | 488.95M | 663.24M |
| Depreciation | 2759.56M | 1802.07M | 1383.20M | 978.95M | 817.28M |
| Other cashflows from investing activities | - | -2653.57M | -320.07M | -2412.95M | -1494.15M |
| Dividends paid | - | 23212.80M | 15597.93M | 0.00M | 0.00M |
| Change to inventory | -7816.77M | -6555.26M | -1286.27M | -2062.55M | -1948.61M |
| Change to account receivables | -8726.29M | -3301.73M | 451.67M | 323.75M | 532.11M |
| Sale purchase of stock | 0.00M | 23212.80M | -29.29M | 527.20M | 707.51M |
| Other cashflows from financing activities | 47859.85M | 35943.51M | 31916.35M | 22422.69M | 16461.23M |
| Change to netincome | - | 1708.76M | 2107.73M | 741.81M | 179.02M |
| Capital expenditures | 12251.35M | 8653.86M | 4131.41M | 3674.05M | 2451.41M |
| Change receivables | - | - | - | 0.00M | 0.00M |
| Cash flows other operating | - | - | - | 0.00M | 0.00M |
| Exchange rate changes | - | - | - | 0.00M | 0.00M |
| Cash and cash equivalents changes | - | - | - | 0.00M | 0.00M |
| Change in working capital | -16543.05M | -9856.99M | -834.60M | -1738.79M | -1416.50M |
| Stock based compensation | 1000.87M | 9.88M | 0.92M | 4.58M | 29.31M |
| Other non cash items | 6682.00M | 8017.03M | -282.58M | 975.62M | -609.21M |
| Free cash flow | -18052.13M | -8223.21M | -3539.93M | -2263.40M | -1836.86M |
Sector: Technology Industry: Solar
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| JKS Jinko Holdings Limited |
-0.32 2.87% |
10.65 | 28.32 | 5.01 | 0.01 | 0.38 | 0.34 | 11.15 |
| FSLR First Solar Inc |
-9.31 4.63% |
191.83 | 13.14 | 11.49 | 3.84 | 2.17 | 3.54 | 8.58 |
| NXT Nextpower Inc. |
-0.09 0.08% |
104.82 | 21.39 | 18.42 | 3.38 | 4.90 | 3.30 | 15.84 |
| ENPH Enphase Energy Inc |
0.76 2.65% |
29.22 | 136.61 | 18.32 | 6.79 | 9.24 | 6.51 | 53.17 |
| XISHY Xinyi Solar Holdings Limited |
- -% |
5.30 | 11.55 | 14.93 | 0.22 | 1.24 | 0.24 | 1.12 |
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of December 31, 2023, it had an integrated annual capacity of 85 gigawatts (GW) for mono wafers; 90 GW for solar cells; and 110 GW for solar modules. It operates in China, the United States, Mexico, Australia, Japan, the United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, Germany, and internationally. JinkoSolar Holding Co., Ltd. was founded in 2006 and is headquartered in Shangrao, the People's Republic of China.
| Name | Title | Year Born |
|---|---|---|
| Mr. Xiande Li | Co-Founder, CEO & Chairman | 1975 |
| Mr. Kangping Chen | Co-Founder & Director | 1974 |
| Mr. Xianhua Li | Co-Founder & Director | 1974 |
| Mr. Mengmeng Li | Chief Financial Officer | 1981 |
| Mr. Sebastian Liu | Director of IR | NA |
| Ms. Ripple Zhang | IR Mang. | NA |
| Stella Wang | Investor Relations Officer | NA |
| Mr. Xiande Li | Co-Founder, CEO & Chairman of the Board | 1975 |
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