Jinko Holdings reports Q3 2026 loss narrowing and gross margin surge
Jinko Holdings posted third‑quarter 2026 revenue of RMB13.62 billion (US$2.03 billion) and a gross profit of RMB1.67 billion, lifting gross margin to 12.3% from 4.2% in Q2. Net loss narrowed to RMB170 million (US$25.4 million) and adjusted loss to RMB7.9 million. Module shipments fell 6% sequentially to 15.0 GW, with Tiger Neo 3.0 shipments exceeding 5 GW, while energy‑storage shipments reached 1.75 GWh. Management guided Q4 module shipments of 16‑18 GW and highlighted new AI and storage investments.
Why it matters
The sharper margin and smaller loss suggest improving profitability, but the revenue decline and lower shipments keep pressure on the stock. The Q4 shipment guidance gives investors a view of near‑term top‑line recovery, while the AI and storage spend signals longer‑term growth avenues.
Key facts
- 1Q3 2026 revenue was RMB13.62 billion (US$2.03 billion). prnewswire.com
- 2Gross profit was RMB1.67 billion (US$249.3 million). prnewswire.com
- 3Gross margin rose to 12.3%, up from 4.2% in Q2 2026. prnewswire.com
- 4Net loss attributable to ordinary shareholders was RMB170 million (US$25.4 million). prnewswire.com
- 5Adjusted net loss was RMB7.9 million (US$1.2 million). prnewswire.com
- 6Quarterly solar module shipments were 15,003 MW (15.0 GW). prnewswire.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.