Jinko Solar Full Year 2024 Earnings: Misses Expectations

Jinko Solar (SHSE:688223) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥92.6b (down 22% from FY 2023).
• Net income: CN¥90.5m (down 99% from FY 2023).
• Profit margin: 0.1% (down from 6.3% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.01 (down from CN¥0.74 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jinko Solar Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 93%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 9.7% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Jinko Solar (at least 1 which is potentially serious), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.