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JinkoSolar Holding Co., Ltd.

JKS Clue Score48
China Fiscal year ends December CIK 0001481513
$8.88 +2.54% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.88 −82.27% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue21.40Operating income1.35Net income1.83EPS, diluted7.63Fiscal year 2017Revenue26.47 +23.7%Operating income0.33Net income0.14 −92.2%EPS, diluted1.08 −85.8%Fiscal year 2018Revenue25.04 −5.4%Operating income0.64Net income0.41 +186.8%EPS, diluted2.63 +143.5%Fiscal year 2019Revenue29.75 +18.8%Operating income1.73Net income0.90 +121.1%EPS, diluted4.85 +84.4%Fiscal year 2020Revenue35.13 +18.1%Operating income1.78Net income0.23 −74.4%EPS, diluted−1.36 −128.0%Fiscal year 2021Revenue40.83 +16.2%Operating income1.10Net income0.72 +213.0%EPS, diluted2.01Fiscal year 2022Revenue0.33 −99.2%Operating income0.43Net income0.62 −13.9%EPS, diluted3.10 +54.2%Fiscal year 2023Revenue0.37 +10.7%Operating income6.09Net income3.45 +455.6%EPS, diluted15.23 +391.3%Fiscal year 2024Revenue0.41 +9.8%Operating income−3.34Net income0.05 −98.4%EPS, diluted−1.27 −108.3%Fiscal year 2025Revenue65.50 +16,063.5%Operating income−8.91Net income−4.45 −8,250.2%EPS, diluted−21.33
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 21.40 26.47 25.04 29.75 35.13 40.83 0.33 0.37 0.41 65.50
Growth +23.7% −5.4% +18.8% +18.1% +16.2% −99.2% +10.7% +9.8% +16,063.5%
Operating income 1.35 0.33 0.64 1.73 1.78 1.10 0.43 6.09 −3.34 −8.91
Net income 1.83 0.14 0.41 0.90 0.23 0.72 0.62 3.45 0.05 −4.45
Growth −92.2% +186.8% +121.1% −74.4% +213.0% −13.9% +455.6% −98.4% −8,250.2%
EPS, diluted 7.63 1.08 2.63 4.85 −1.36 2.01 3.10 15.23 −1.27 −21.33
Growth −85.8% +143.5% +84.4% −128.0% +54.2% +391.3% −108.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin18.1%Operating margin6.3%Net margin8.5%Free cash flow margin−17.7%Fiscal year 2017Gross margin11.3%Operating margin1.2%Net margin0.5%Free cash flow margin−8.9%Fiscal year 2018Gross margin14.0%Operating margin2.6%Net margin1.6%Free cash flow margin−7.2%Fiscal year 2019Gross margin18.3%Operating margin5.8%Net margin3.0%Free cash flow margin−6.3%Fiscal year 2020Gross margin17.6%Operating margin5.1%Net margin0.7%Free cash flow margin−9.9%Fiscal year 2021Gross margin16.3%Operating margin2.7%Net margin1.8%Free cash flow margin−20.1%Fiscal year 2022Gross margin3,685.0%Operating margin128.8%Net margin186.2%Free cash flow margin−5,417.9%Fiscal year 2023Gross margin5,162.8%Operating margin1,651.4%Net margin934.4%Free cash flow margin−494.9%Fiscal year 2024Gross margin2,481.9%Operating margin−825.4%Net margin13.5%Free cash flow margin1,914.3%Fiscal year 2025Gross margin2.2%Operating margin−13.6%Net margin−6.8%Free cash flow margin−3.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 18.1% 11.3% 14.0% 18.3% 17.6% 16.3% 3,685.0% 5,162.8% 2,481.9% 2.2%
Operating margin 6.3% 1.2% 2.6% 5.8% 5.1% 2.7% 128.8% 1,651.4% −825.4% −13.6%
Net margin 8.5% 0.5% 1.6% 3.0% 0.7% 1.8% 186.2% 934.4% 13.5% −6.8%
Free cash flow margin −17.7% −8.9% −7.2% −6.3% −9.9% −20.1% −5,417.9% −494.9% 1,914.3% −3.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−1.80Capital expenditure−1.98Free cash flow−3.78Fiscal year 2017Operating cash flow−0.18Capital expenditure−2.18Free cash flow−2.36Fiscal year 2018Operating cash flow0.61Capital expenditure−2.42Free cash flow−1.81Fiscal year 2019Operating cash flow1.41Capital expenditure−3.30Free cash flow−1.89Fiscal year 2020Operating cash flow0.59Capital expenditure−4.06Free cash flow−3.46Fiscal year 2021Operating cash flow0.43Capital expenditure−8.65Free cash flow−8.22Fiscal year 2022Operating cash flow−5.80Capital expenditure−12.25Free cash flow−18.05Fiscal year 2023Operating cash flow13.83Capital expenditure−15.65Free cash flow−1.83Fiscal year 2024Operating cash flow16.85Capital expenditure−9.09Free cash flow7.76Fiscal year 2025Operating cash flow1.08Capital expenditure−3.19Free cash flow−2.10 −127.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.80 −0.18 0.61 1.41 0.59 0.43 −5.80 13.83 16.85 1.08
Capital expenditure −1.98 −2.18 −2.42 −3.30 −4.06 −8.65 −12.25 −15.65 −9.09 −3.19
Free cash flow −3.78 −2.36 −1.81 −1.89 −3.46 −8.22 −18.05 −1.83 7.76 −2.10
Growth −127.1%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.50Total debt0.49Net cash (debt)2.01Shareholders’ equity6.46Debt to equity0.08Fiscal year 2017Cash1.93Total debt0.39Net cash (debt)1.54Shareholders’ equity6.69Debt to equity0.06Fiscal year 2018Cash3.10Total debt1.97Net cash (debt)1.14Shareholders’ equity7.84Debt to equity0.25Fiscal year 2019Cash5.65Total debt2.40Net cash (debt)3.25Shareholders’ equity9.30Debt to equity0.26Fiscal year 2020Cash7.48Total debt7.98Net cash (debt)−0.50Shareholders’ equity9.99Debt to equity0.80Fiscal year 2021Cash8.32Total debt11.27Net cash (debt)−2.95Shareholders’ equity11.05Debt to equity1.02Fiscal year 2022Cash10.24Total debt15.13Net cash (debt)−4.88Shareholders’ equity16.34Debt to equity0.93Fiscal year 2023Cash16.06Total debt13.93Net cash (debt)2.13Shareholders’ equity20.16Debt to equity0.69Fiscal year 2024Cash25.05Shareholders’ equity19.90Fiscal year 2025Cash20.01Shareholders’ equity15.73
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.50 1.93 3.10 5.65 7.48 8.32 10.24 16.06 25.05 20.01
Total debt 0.49 0.39 1.97 2.40 7.98 11.27 15.13 13.93 n/a n/a
Net cash (debt) 2.01 1.54 1.14 3.25 −0.50 −2.95 −4.88 2.13 n/a n/a
Shareholders’ equity 6.46 6.69 7.84 9.30 9.99 11.05 16.34 20.16 19.90 15.73
Debt to equity 0.08 0.06 0.25 0.26 0.80 1.02 0.93 0.69 n/a n/a

In billions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
2.50 1.93 3.10 5.65 7.48 8.32 10.24 16.06 25.05 20.01
4.75 4.50 5.44 5.27 4.53 7.47 16.67 n/a n/a n/a
4.47 4.27 5.74 5.82 8.38 13.25 17.45 18.22 12.51 14.48
4.74 6.68 8.28 10.21 12.46 19.97 32.29 37.38 41.85 35.80
26.09 28.64 35.85 47.84 53.23 72.98 108.66 135.83 124.88 121.02
Growth +9.8% +25.2% +33.4% +11.3% +37.1% +48.9% +25.0% −8.1% −3.1%
Liabilities
0.00 0.01 0.01 0.29 n/a n/a n/a n/a n/a n/a
0.49 0.38 1.95 2.12 7.98 11.27 15.13 13.93 n/a n/a
calc 0.49 0.39 1.97 2.40 7.98 11.27 15.13 13.93 n/a n/a
19.63 21.95 27.40 35.40 40.24 58.70 81.66 102.30 90.64 93.45
Equity
6.46 6.69 7.84 9.30 9.99 11.05 16.34 20.16 19.90 15.73
Growth +3.5% +17.2% +18.7% +7.4% +10.6% +47.9% +23.4% −1.3% −21.0%
Per share and net cash
calc 2.01 1.54 1.14 3.25 −0.50 −2.95 −4.88 2.13 n/a n/a
126.7 132.1 156.9 178.9 187.4 190.8 201.2 208.6 205.4 209.4
calc 50.98 50.62 49.98 51.99 53.29 57.91 81.20 96.65 96.90 75.09

Lines marked calc are worked out here from filed figures; point at one for how. Shown in CNY as filed; the screener converts to dollars.