JinkoSolar’s Overseas Shipments Reach 70% In H1 2026

JinkoSolar (JKS) reported Q2 2026 earnings, noting supply-demand imbalances and policy shifts affecting profitability. Gross margin decreased, but net loss expanded. The company is optimizing operations, focusing on high-efficiency products, and expects profitability recovery. JKS plans 40 GW of TOPCon 3.0 capacity by year-end, with guidance for 60-70 GW module shipments, 60% being high-efficiency. Energy storage system shipments are expected to double YoY. Investments in AI and other technologi

JinkoSolar reported H1 2026 revenue of CNY 24.73 billion, a 22.3% YoY decline, with a net loss of CNY 3.08 billion. Operating cash flow turned positive at CNY 682 million. The company reduced its full-year module shipment guidance to 60-70 GW, citing weaker demand and focusing on profitability.

JinkoSolar reported Q2 operating expenses of $287M, up 21% sequentially. Operating loss margin was 11.6%, with cash and cash equivalents at $2.5B. The company expects full-year operating cash flow to improve from 2025. It reduced its full-year module shipment outlook to 60-70 GW, prioritizing profitability. Energy storage shipments reached 3.1 GWh in H1, with full-year shipments expected to double. JinkoSolar has invested in over 40 companies, with a portfolio fair value of RMB1.99B.

JinkoSolar (JKS) shares fell 4.63% premarket after Q2 earnings and revenue missed forecasts. Adjusted loss was RMB13.19 vs. expected RMB6.09; revenue dropped 31.3% YoY to RMB12.36B. Shipments declined 34.4% YoY, and gross margin fell to 4.2%. The company lowered full-year shipment guidance to 60-70GW. Energy storage shipments rose, offering a positive outlook.

JinkoSolar reported Q2 2026 revenue of RMB12.36B (US$1.82B), up 0.9% sequentially but down 31.3% YoY. Net loss was RMB697.3M (US$102.8M), wider than Q1 but narrower than last year. Gross profit fell 49.6% to RMB513.1M (US$75.6M). The company reduced its 2026 shipment outlook to 60-70 GW, focusing on profitability over volume.

JinkoSolar (JKS) reported a Q2 2026 gross margin decline to 4.2% from 8.3% due to lower solar module prices. Net loss widened, and full-year shipment guidance was reduced to 60-70 GW. Challenges include market access barriers, higher production costs, and slowing domestic demand. Management focuses on profitability, optimizing product mix, and expanding premium products. Cash reserves decreased to RMB2.5B, while net debt rose to RMB4.1B.