JinkoSolar Holding Co., Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.37B | $12.64B | $16.72B | $12.05B | $6.41B | $5.38B | $4.27B | $3.64B |
| Cost of Revenue | $9.16B | $11.26B | $14.03B | $10.27B | $5.36B | $4.44B | $3.49B | $3.13B |
| Gross Profit | $201.7M | $1.38B | $2.68B | $1.78B | $1.04B | $945.8M | $780.2M | $511.1M |
| Gross Margin | 2.2% | 10.9% | 16.0% | 14.8% | 16.3% | 17.6% | 18.3% | 14.0% |
| Operating Expenses | ||||||||
| Research & Development | $128.3M | $126.1M | $128.4M | $105.1M | $72.4M | $59.6M | $46.6M | $53.3M |
| SG&A Expense | $472.6M | $629.9M | $645.6M | $508.7M | $308.1M | $216.0M | $152.1M | $113.4M |
| Operating Income | $-1.27B | $-458.2M | $858.1M | $62.2M | $173.0M | $273.6M | $248.4M | $93.8M |
| Operating Margin | -13.6% | -3.6% | 5.1% | 0.5% | 2.7% | 5.1% | 5.8% | 2.6% |
| Interest Expense | — | — | $165.0M | $156.5M | — | — | — | — |
| Pretax Income | $-1.31B | $35.6M | $1.05B | $286.6M | $171.0M | $86.8M | $179.7M | $59.3M |
| Income Tax Expense | $-317.6M | $9.5M | $177.5M | $87.8M | $30.5M | $27.3M | $39.9M | $641.3K |
| Net Income | $-635.6M | $7.5M | $485.6M | $90.0M | $113.1M | $35.3M | $129.1M | $59.1M |
| Net Margin | -6.8% | 0.1% | 2.9% | 0.7% | 1.8% | 0.7% | 3.0% | 1.6% |
| EPS (Basic) | $-3.05 | $0.04 | $2.34 | $0.45 | $0.59 | $0.20 | $0.76 | $0.38 |
| EPS (Diluted) | $-3.05 | $-0.17 | $2.15 | $0.45 | $0.31 | $-0.21 | $0.70 | $0.38 |
| Shares Outstanding (Basic) | 208.4M | 208.6M | 207.7M | 198.0M | 190.7M | 178.9M | 169.4M | 153.8M |
| Shares Outstanding (Diluted) | 208.4M | 210.0M | 226.1M | 200.4M | 205.7M | 171.4M | 166.6M | 154.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |