Jinko Solar Third Quarter 2024 Earnings: EPS: CN¥0.001 (vs CN¥0.18 in 3Q 2023)

Simply Wall St

November 01, 2024

Jinko Solar (SHSE:688223) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥24.5b (down 25% from 3Q 2023).
Net income: CN¥14.9m (down 99% from 3Q 2023).
Profit margin: 0.1% (down from 5.5% in 3Q 2023).
EPS: CN¥0.001 (down from CN¥0.18 in 3Q 2023).

earnings-and-revenue-growth — SHSE:688223 Earnings and Revenue Growth November 1st 2024

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

Jinko Solar Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Jinko Solar (1 makes us a bit uncomfortable!) that you need to be mindful of.

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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.