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$JKS
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Consolidated balance sheets

In millions of CNY, except per-share amounts
Q4 FY2025
As of Dec 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q4 FY2020
As of Dec 31, 2020
Q4 FY2019
As of Dec 31, 2019
Q4 FY2018
As of Dec 31, 2018
Q4 FY2017
As of Dec 31, 2017
Q4 FY2016
As of Dec 31, 2016
Q4 FY2015
As of Dec 31, 2015
Q4 FY2014
As of Dec 31, 2014
Q4 FY2013
As of Dec 31, 2013
ASSETS
Current assets:
Cash and cash equivalents
Restricted cash
Restricted short-term investments
Short-term investments
Accounts receivable, net
Related parties
Nonrelated Party
Notes receivables from a related party
Related parties
Nonrelated Party
Advances to suppliers - related parties
Advances to suppliers - third parties
Related parties
Total advances to suppliers - third parties
Inventories, net
Forward contract receivables
Prepayments and other receivables - related parties
Prepayment and other receivables from related parties
Related parties
Total prepayment and other receivables from related parties
Held-for-sale assets
Available-for-sale securities
Total current assets
Non-current assets:
Restricted long-term investments
Long-term investments
Property, plant and equipment, net
Land use rights, net
Intangible assets, net
Deferred tax assets
Financing lease right-of-use assets, net
Operating lease right-of-use assets, net
Right-of-use assets, net
Advances to suppliers to be utilized beyond one year
Other assets - third parties
Related parties
Nonrelated Party
Investments in equity securities
Available-for-sale securities
Total non-current assets
Total assets
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable due to related parties
Related parties
Nonrelated Party
Notes payables due to related parties
Related parties
Nonrelated Party
Accrued payroll and welfare expenses
Advances from a related party
Advances from third parties
Income tax payables
Forward contract payables
Convertible senior notes
Financing lease liabilities - current
Lease liabilities - current
Short-term borrowings, including current portion of long-term borrowings, and failed sale-leaseback financing
Other payables and accruals - third parties
Other payables and accruals - a related party
Held-for-sale liabilities
Total current liabilities
Non-current liabilities:
Long-term borrowings
Long-term payables
Accrued warranty costs - non-current
Financing lease liabilities - non-current
Operating lease liabilities - non-current
Lease liabilities - non-current
Convertible notes
Deferred tax liability
Total non-current liabilities
Total liabilities
Mezzanine Equity
Redeemable non-controlling interests
Shareholders' equity:
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 211,083,301 and 209,551,893 shares issued as of December 31, 2024 and December 31, 2025, respectively)
Additional paid-in capital
Accumulated other comprehensive income
Treasury stock, at cost; 5,574,244 and 122,540 ordinary shares as of December 31, 2024 and December 31, 2025
Retained earnings
Total JinkoSolar Holding Co., Ltd. Shareholders' equity
Non-controlling interests
Total shareholders' equity
Total liabilities, mezzanine equity and shareholders' equity

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