Earnings ·
Jinko Holdings reports Q3 net loss of US$25.4M, narrows significantly as gross margin expands to 12.3%
JKSJinko Holdings Ltd
Jinko Holdings reported a third-quarter net loss attributable to ordinary shareholders of RMB170.0 million (US$25.4 million), a significant narrowing from the RMB697.3 million loss in Q2 and RMB749.8 million loss in Q3 2025. Total revenues reached RMB13.62 billion (US$2.03 billion), up 10.2% sequentially, driven by higher energy storage shipments and improved solar module pricing. Gross profit margin expanded to 12.3% from 4.2% in the prior quarter, reflecting cost optimization and a favorable product mix with Tiger Neo 3.0 module shipments exceeding 5 GW. The company also announced that Mr. Mengmeng Li resigned as CFO effective October 30, 2026, replaced by Kun Zhang as acting CFO, while Gen Miao was appointed to the board of directors. Jinko Holdings operates in the clean energy sector, manufacturing solar modules and energy storage systems while making strategic investments in frontier technologies.