L R AS Published on Saturday 21 October 2023 - n° 462 - Categories:company results
Net profit for JinkoSolar's generation subsidiary quadruples in nine months
In its preliminary results for the first nine months, JinkoSolar's panel production subsidiary, Jiangxi Jinko, reported a net profit of between RMB 6.1 and 6.5 billion.
($894 million), compared with RMB 1.7 billion over the same period last year (almost four times more than last year!). The company shipped 52 GW, including 21 GW in the 3rd quarter alone. TOPCon sales accounted for 57% of total shipments
PV Tech of 19 October 2023
Editor's note The company indicates that the sale of TOPCon panels explains this increase in profits. It is also due to the fall in the price of silicon, which the company has not passed on as much as it could have done. But it forgets to say so.
