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

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).

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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