Jinko Solar Holding Co., Ltd. - Understand $jks stock

$JKS Market Cap: $1.292 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$118.7B

TTM

Gross Margin

16.16%

TTM

Net Earnings

$3.447B

TTM

Current Assets

$83.02B

Q4 2023

Current Liabilities

$79.56B

Q4 2023

Current Ratio

104.34%

Q4 2023

Total Assets

$135.8B

Q4 2023

Total Liabilities

$115.7B

Q4 2023

Book Value

$20.16B

Q4 2023

Cash

$15.58B

Q4 2023

P/E

0.3747

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$118.7B	$83.53B	$40.83B	$35.13B	$29.75B	$25.04B	$26.47B	$21.40B	$15.45B	$9.741B	$7.079B	$4.795B	$7.385B	$4.655B	$1.568B	$2.184B	$709.0M	$116.0M
YoY Change	42.08%	104.59%	16.22%	18.1%	18.78%	-5.4%	23.7%	38.48%	58.65%	37.6%	47.63%	-35.07%	58.65%	196.88%	-28.21%	208.04%	511.21%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$118.7B	$83.53B	$40.83B	$35.13B	$29.75B	$25.04B	$26.47B	$21.40B	$15.45B	$9.741B	$7.079B	$4.795B	$7.385B	$4.655B	$1.568B	$2.184B	$709.0M	$116.0M
Cost Of Revenue	$99.63B	$71.18B	$34.17B	$28.96B	$24.32B	$21.53B	$23.48B	$17.53B	$12.52B	$7.644B	$5.641B	$4.563B	$6.235B	$3.297B	$1.338B	$1.872B	$621.0M	$116.0M
Gross Profit	$19.05B	$12.35B	$6.658B	$6.172B	$5.432B	$3.514B	$2.992B	$3.869B	$2.931B	$2.097B	$1.437B	$232.0M	$1.150B	$1.357B	$230.0M	$312.0M	$88.00M	$0.00
Gross Profit Margin	16.05%	14.78%	16.31%	17.57%	18.26%	14.03%	11.3%	18.08%	18.97%	21.53%	20.3%	4.84%	15.57%	29.15%	14.67%	14.29%	12.41%	0.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$11.40B	$10.79B	$4.820B	$3.883B	$3.309B	$2.488B	$2.372B	$2.213B	$1.666B	$1.138B	$723.0M	$1.104B	$758.0M	$330.0M	$102.0M	$40.00M	$12.00M	$2.000M
YoY Change	5.71%	123.8%	24.13%	17.35%	33.0%	4.89%	7.18%	32.83%	46.4%	57.4%	-34.51%	45.65%	129.7%	223.53%	155.0%	233.33%	500.0%
% of Gross Profit	59.87%	87.37%	72.4%	62.91%	60.92%	70.8%	79.28%	57.2%	56.84%	54.27%	50.31%	475.86%	65.91%	24.32%	44.35%	12.82%	13.64%
Research & Development	$911.9M	$724.8M	$461.6M	$389.0M	$324.0M	$367.0M	$294.0M	$181.0M	$144.0M	$107.0M	$65.00M	$69.00M	$30.00M	$5.000M	$6.000M	$0.00	$0.00	$0.00
YoY Change	25.82%	57.02%	18.66%	20.06%	-11.72%	24.83%	62.43%	25.69%	34.58%	64.62%	-5.8%	130.0%	500.0%	-16.67%
% of Gross Profit	4.79%	5.87%	6.93%	6.3%	5.96%	10.44%	9.83%	4.68%	4.91%	5.1%	4.52%	29.74%	2.61%	0.37%	2.61%	0.0%	0.0%
Depreciation & Amortization	$7.856B	$2.585B	$1.784B	$1.383B	$979.0M	$817.3M	$616.0M	$788.4M	$630.6M	$441.7M	$363.2M	$335.6M	$269.6M	$100.9M	$46.00M	$15.50M	$1.600M	$100.0K
YoY Change	203.91%	44.9%	28.98%	41.29%	19.78%	32.68%	-21.87%	25.02%	42.77%	21.61%	8.22%	24.48%	167.2%	119.35%	196.77%	868.75%	1500.0%
% of Gross Profit	41.24%	20.94%	26.8%	22.41%	18.02%	23.26%	20.59%	20.38%	21.51%	21.06%	25.27%	144.66%	23.44%	7.44%	20.0%	4.97%	1.82%
Operating Expenses	$12.32B	$11.51B	$5.282B	$4.273B	$3.634B	$2.854B	$2.666B	$2.395B	$1.810B	$1.247B	$788.0M	$1.400B	$788.0M	$336.0M	$107.0M	$40.00M	$13.00M	$2.000M
YoY Change	6.98%	117.96%	23.6%	17.58%	27.33%	7.05%	11.32%	32.32%	45.15%	58.25%	-43.71%	77.66%	134.52%	214.02%	167.5%	207.69%	550.0%
Operating Profit	$6.733B	$834.7M	$1.376B	$1.899B	$1.798B	$660.0M	$326.0M	$1.474B	$1.121B	$850.0M	$649.0M	-$1.168B	$362.0M	$1.021B	$123.0M	$272.0M	$75.00M	-$2.000M
YoY Change	706.56%	-39.35%	-27.53%	5.62%	172.42%	102.45%	-77.88%	31.49%	31.88%	30.97%	-155.57%	-422.65%	-64.54%	730.08%	-54.78%	262.67%	-3850.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	$195.9M	$450.6M	-$480.2M	-$1.413B	-$561.0M	-$306.0M	-$384.0M	-$284.0M	-$358.0M	-$303.0M	-$426.0M	-$364.0M	$15.00M	$24.00M	-$46.00M	-$41.00M	$0.00	$0.00
YoY Change	-56.52%	-193.84%	-66.02%	151.87%	83.33%	-20.31%	35.21%	-20.67%	18.15%	-28.87%	17.03%	-2526.67%	-37.5%	-152.17%	12.2%
% of Operating Profit	2.91%	53.98%	-34.89%	-74.41%	-31.2%	-46.36%	-117.79%	-19.27%	-31.94%	-35.65%	-65.64%		4.14%	2.35%	-37.4%	-15.07%	0.0%
Other Income/Expense, Net	$1.202B	$1.097B	$467.6M	$194.0M	$62.00M	$78.00M	$208.0M	$177.0M	$103.0M	$21.00M	$14.00M	$45.00M	$24.00M	$14.00M	$7.000M	$0.00	$1.000M	$0.00
YoY Change	9.55%	134.57%	141.03%	212.9%	-20.51%	-62.5%	17.51%	71.84%	390.48%	50.0%	-68.89%	87.5%	71.43%	100.0%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$7.490B	$2.008B	$1.090B	$566.0M	$1.251B	$407.0M	$149.0M	$1.248B	$867.0M	$563.0M	$234.0M	-$1.553B	$354.0M	$1.028B	$84.00M	$220.0M	$76.00M	-$1.000M
YoY Change	272.93%	84.28%	92.56%	-54.76%	207.37%	173.15%	-88.06%	43.94%	54.0%	140.6%	-115.07%	-538.7%	-65.56%	1123.81%	-61.82%	189.47%	-7700.0%
Income Tax	$1.260B	$579.2M	$194.1M	$178.0M	$278.0M	$4.000M	$5.000M	$257.0M	$101.0M	-$135.0M	$19.00M	-$9.000M	$81.00M	$146.0M	-$1.000M	$1.000M	$0.00	$0.00
% Of Pretax Income	16.83%	28.84%	17.81%	31.45%	22.22%	0.98%	3.36%	20.59%	11.65%	-23.98%	8.12%		22.88%	14.2%	-1.19%	0.45%	0.0%
Net Earnings	$3.447B	$665.2M	$721.0M	$230.0M	$899.0M	$406.0M	$142.0M	$1.827B	$684.0M	$673.0M	$188.0M	-$1.542B	$273.0M	$882.0M	$85.00M	$219.0M	$76.00M	-$1.000M
YoY Change	418.29%	-7.75%	213.49%	-74.42%	121.43%	185.92%	-92.23%	167.11%	1.63%	257.98%	-112.19%	-664.84%	-69.05%	937.65%	-61.19%	188.16%	-7700.0%
Net Earnings / Revenue	2.9%	0.8%	1.77%	0.65%	3.02%	1.62%	0.54%	8.54%	4.43%	6.91%	2.66%	-32.16%	3.7%	18.95%	5.42%	10.03%	10.72%	-0.86%
Basic Earnings Per Share	$2.34	$0.45	$3.78	$1.29
Diluted Earnings Per Share	$15.25	$3.32	$3.505M	$1.285M	$5.320M	$2.619M	$1.076M	$13.95M	$5.344M	$4.370M	$1.958M	-$17.33M	$2.650M	$10.89M	$1.667M	$4.380M	$2.171M	-$76.92K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments	$16.60B	$10.37B	$8.471B	$8.052B	$5.654B	$3.105B	$1.931B	$2.573B	$2.422B	$1.910B	$456.0M	$279.0M	$434.0M	$521.0M	$152.0M	$27.00M	$27.00M	$9.000M
YoY Change	60.08%	22.44%	5.21%	42.41%	82.09%	60.8%	-24.95%	6.23%	26.81%	318.86%	63.44%	-35.71%	-16.7%	242.76%	462.96%	0.0%	200.0%
Cash & Equivalents	$15.58B	$10.37B	$8.321B	$7.482B	$5.654B	$3.105B	$1.928B	$2.501B	$2.393B	$1.777B	$456.0M	$279.0M	$434.0M	$521.0M	$152.0M	$27.00M	$27.00M	$9.000M
Short-Term Investments	$1.022B	$0.00	$150.0M	$570.0M		$0.00	$3.000M	$71.00M	$29.00M	$133.0M
Other Short-Term Assets	$21.15B	$16.74B	$14.38B	$10.36B	$12.62B	$6.765B	$6.074B	$4.844B	$13.57B	$3.203B	$1.927B	$1.251B	$800.0M	$592.0M	$154.0M	$39.00M	$29.00M	$1.000M
YoY Change	26.33%	16.46%	38.83%	-17.92%	86.49%	11.38%	25.39%	-64.29%	323.51%	66.22%	54.04%	56.38%	35.14%	284.42%	294.87%	34.48%	2800.0%
Inventory	$18.22B	$17.09B	$13.25B	$8.377B	$5.819B	$5.743B	$4.274B	$4.474B	$3.203B	$1.891B	$712.0M	$528.0M	$798.0M	$820.0M	$245.0M	$272.0M	$172.0M	$11.00M
Prepaid Expenses
Receivables	$22.96B	$17.23B	$7.495B	$4.936B	$5.787B	$6.112B	$6.611B	$6.168B	$2.751B	$3.293B	$1.933B	$1.818B	$1.631B	$577.0M	$237.0M	$77.00M	$0.00	$0.00
Other Receivables	$4.090B	$6.980B	$1.929B	$1.963B	$1.812B	$1.129B	$718.0M	$1.637B	$553.0M	$106.0M	$314.0M	$109.0M	$946.0M	$685.0M	$182.0M	$114.0M	$170.0M	$46.00M
Total Short-Term Assets	$83.02B	$68.41B	$45.52B	$33.68B	$31.69B	$22.85B	$19.61B	$19.70B	$22.50B	$10.40B	$5.343B	$3.986B	$4.608B	$3.194B	$971.0M	$529.0M	$398.0M	$66.00M
YoY Change	21.35%	50.28%	35.16%	6.29%	38.65%	16.55%	-0.44%	-12.45%	116.21%	94.72%	34.04%	-13.5%	44.27%	228.94%	83.55%	32.91%	503.03%
Property, Plant & Equipment	$42.01B	$33.25B	$21.04B	$14.25B	$12.58B	$10.05B	$7.154B	$4.794B	$3.766B	$7.455B	$4.546B	$3.866B	$3.841B	$1.939B	$741.0M	$353.0M	$57.00M	$10.00M
YoY Change	26.36%	58.04%	47.67%	13.21%	25.25%	40.44%	49.23%	27.3%	-49.48%	63.99%	17.59%	0.65%	98.09%	161.67%	109.92%	519.3%	470.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.118B	$1.711B	$633.9M	$194.0M	$278.0M	$26.00M	$22.00M	$7.000M	$7.000M	$103.0M	$124.0M	$35.00M
YoY Change	23.76%	169.94%	226.73%	-30.22%	969.23%	18.18%	214.29%	0.0%	-93.2%	-16.94%	254.29%
Other Assets	$6.295B	$5.137B	$5.706B	$4.286B	$2.660B	$2.317B	$1.383B	$1.123B	$506.0M	$740.0M	$233.0M	$113.0M	$355.0M	$438.0M	$256.0M	$231.0M	$96.00M	$0.00
YoY Change	22.55%	-9.97%	33.12%	61.13%	14.8%	67.53%	23.15%	121.94%	-31.62%	217.6%	106.19%	-68.17%	-18.95%	71.09%	10.82%	140.63%
Total Long-Term Assets	$52.81B	$40.28B	$27.46B	$19.55B	$16.16B	$13.00B	$9.028B	$6.396B	$4.650B	$8.680B	$5.268B	$4.386B	$4.568B	$2.686B	$1.272B	$749.0M	$161.0M	$12.00M
YoY Change	31.1%	46.71%	40.46%	21.0%	24.29%	43.99%	41.15%	37.55%	-46.43%	64.77%	20.11%	-3.98%	70.07%	111.16%	69.83%	365.22%	1241.67%
Total Assets	$135.8B	$108.7B	$72.98B	$53.23B	$47.85B	$35.85B	$28.64B	$26.09B	$27.15B	$19.08B	$10.61B	$8.372B	$9.176B	$5.880B	$2.243B	$1.278B	$559.0M	$78.00M
YoY Change
Accounts Payable	$15.48B	$10.38B	$6.816B	$4.451B	$4.989B	$5.328B	$4.664B	$4.290B	$3.785B	$3.149B	$1.768B	$1.377B	$1.147B	$355.0M	$100.0M	$24.00M	$9.000M	$1.000M
YoY Change	49.11%	52.27%	53.13%	-10.78%	-6.36%	14.24%	8.72%	13.34%	20.2%	78.11%	28.4%	20.05%	223.1%	255.0%	316.67%	166.67%	800.0%
Accrued Expenses	$2.918B	$2.101B	$1.946B	$1.043B	$920.0M	$811.0M	$721.0M	$582.0M	$454.0M	$507.0M	$305.0M	$277.0M	$208.0M	$97.00M	$35.00M	$10.00M	$6.000M	$1.000M
YoY Change	38.87%	7.99%	86.57%	13.37%	13.44%	12.48%	23.88%	28.19%	-10.45%	66.23%	10.11%	33.17%	114.43%	177.14%	250.0%	66.67%	500.0%
Deferred Revenue
YoY Change
Short-Term Debt	$26.47B	$20.62B	$24.04B	$9.335B	$7.519B	$6.082B	$5.683B	$4.797B	$2.791B	$5.086B	$3.282B	$3.380B	$3.757B	$572.0M	$82.00M	$0.00	$11.00M	$11.00M
YoY Change	28.36%	-14.21%	157.53%	24.15%	23.63%	7.02%	18.47%	71.87%	-45.12%	54.97%	-2.9%	-10.03%	556.82%	597.56%		-100.0%	0.0%
Long-Term Debt Due	$12.12B	$11.77B	$1.566B	$10.34B	$9.275B	$7.103B	$6.204B	$5.912B	$3.241B	$41.00M	$941.0M	$328.0M	$392.0M	$1.172B	$580.0M	$157.0M	$23.00M	$1.000M
YoY Change	3.0%	651.43%	-84.85%	11.5%	30.58%	14.49%	4.94%	82.41%	7804.88%	-95.64%	186.89%	-16.33%	-66.55%	102.07%	269.43%	582.61%	2200.0%
Total Short-Term Liabilities	$79.56B	$64.12B	$45.46B	$31.22B	$31.28B	$24.14B	$19.96B	$18.36B	$18.62B	$10.52B	$7.237B	$6.238B	$5.643B	$2.942B	$947.0M	$481.0M	$311.0M	$66.00M
YoY Change	24.08%	41.05%	45.62%	-0.19%	29.56%	20.93%	8.71%	-1.39%	76.96%	45.41%	16.01%	10.54%	91.81%	210.67%	96.88%	54.66%	371.21%
Long-Term Debt	$19.90B	$15.58B	$11.80B	$7.615B	$2.898B	$2.593B	$1.217B	$533.0M	$2.165B	$3.360B	$1.194B	$651.0M	$543.0M	$269.0M	$349.0M	$4.000M	$0.00	$0.00
YoY Change	27.71%	32.05%	54.96%	162.77%	11.76%	113.06%	128.33%	-75.38%	-35.57%	181.41%	83.41%	19.89%	101.86%	-22.92%	8625.0%
Other Long-Term Liabilities	$2.703B	$1.762B	$1.254B	$1.081B	$978.0M	$639.0M	$698.0M	$685.0M	$398.0M	$229.0M	$159.0M	$109.0M	$85.00M	$2.000M	$2.000M	$0.00	$62.00M	$0.00
YoY Change	53.37%	40.56%	15.98%	10.53%	53.05%	-8.45%	1.9%	72.11%	73.8%	44.03%	45.87%	28.24%	4150.0%	0.0%		-100.0%
Total Long-Term Liabilities	$22.60B	$17.34B	$13.05B	$8.696B	$3.876B	$3.232B	$1.915B	$1.218B	$2.563B	$3.589B	$1.353B	$760.0M	$628.0M	$271.0M	$351.0M	$4.000M	$62.00M	$0.00
YoY Change	30.31%	32.86%	50.11%	124.36%	19.93%	68.77%	57.22%	-52.48%	-28.59%	165.26%	78.03%	21.02%	131.73%	-22.79%	8675.0%	-93.55%
Total Liabilities	$115.7B	$92.31B	$61.93B	$43.25B	$38.54B	$28.01B	$21.95B	$19.63B	$22.82B	$15.58B	$8.601B	$7.007B	$6.281B	$3.215B	$1.300B	$485.0M	$384.0M	$72.00M
YoY Change	25.31%	49.05%	43.22%	12.21%	37.58%	27.64%	11.8%	-13.99%	46.52%	81.11%	22.75%	11.56%	95.37%	147.31%	168.04%	26.3%	433.33%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	207.7M	198.0M	190.7M	178.9M
Diluted Shares Outstanding	226.1M	200.4M	205.7M	171.4M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.2919 Billion

About JinkoSolar Holding Co., Ltd.

JinkoSolar Holding Co., Ltd. engages in the manufacture of solar modules. The company is headquartered in Shangrao, Jiangxi and currently employs 57,397 full-time employees. The company went IPO on 2010-05-14. The firm builds a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. The firm has only one operating segment which is vertically integrated solar power products manufacturing business from silicon ingots, wafers, cells to solar modules. The firm has two overseas solar power projects which are located in Mexico and Argentina. The firm sells its solar modules under the JinkoSolar brand. Its services include solar power generation and solar system Engineering Procurement Construction (EPC) and processing services.

Industry: Semiconductors & Related Devices Peers: Intchains Group Ltd