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Dec 31, 2024
JinkoSolar Q4 2024 Earnings Report
JinkoSolar reported a significant decline in revenue and profitability for Q4 2024, with lower module prices impacting margins and resulting in a net loss.
Key Takeaways
JinkoSolar's Q4 2024 earnings showed a revenue decline of 37.1% year-over-year and a net loss of $64.9 million, largely due to falling solar module prices and lower overseas order contributions. Gross margin fell sharply to 3.6%. The company reported an adjusted net loss of $52.2 million and continues to navigate through industry imbalances with focus on technological advancements.
Revenue decreased 37.1% year-over-year to $2,829,139,000.
Gross margin declined significantly to 3.6%.
Reported net loss of $64,901,000 for Q4 2024.
Adjusted net loss was $52,200,000, excluding certain one-off impacts.
Forward Guidance
JinkoSolar anticipates module shipments between 16.0 GW and 18.0 GW in Q1 2025, and between 85.0 GW and 100.0 GW for the full year 2025, focusing on stabilizing prices and cautious capacity expansion.
Positive Outlook
- Module shipment guidance of 16.0 GW to 18.0 GW for Q1 2025.
- Full-year 2025 shipment guidance of 85.0 GW to 100.0 GW.
- Planned production capacity increases for wafers, cells, and modules by end of 2025.
- Ongoing improvements in manufacturing efficiency and cost optimization.
- Continued investment in advanced TOPCon and tandem solar cell technology.
Challenges Ahead
- Persisting imbalance between supply and demand impacting pricing.
- Lower overseas order contributions affecting profitability.
- Continued pressure on gross margins.
- Potential risks from industry adjustments and market competition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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