Stock Track | JinkoSolar Plunges 5.01% on Dismal 2024 Financial Estimates, Lower Net Income

Stock Track

01-17

JinkoSolar Holding Co., Ltd. (JKS) saw its shares tumble by 5.01% in Friday's intraday trading session, following the release of preliminary financial estimates for 2024 that pointed towards a significant decline in the company's profitability.

According to the estimates, JinkoSolar's majority-owned subsidiary, Jinko Solar Co., Ltd., reported a preliminary unaudited net income attributable to shareholders in the range of RMB80 million to RMB120 million for the full year ended December 31, 2024. This represents a staggering decrease of 98.39% to 98.92% compared to the previous year.

Furthermore, the company's preliminary unaudited net loss, excluding extraordinary gains and losses, is estimated to be in the range of RMB750 million to RMB1,050 million, reflecting a decline of 110.86% to 115.21% year-over-year.

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(JKS) saw its shares tumble by 5.01% in Friday's intraday trading session, following the release of preliminary financial estimates for 2024 that pointed towards a significant decline in the company's profitability.</p>\n<p>According to the estimates, JinkoSolar's majority-owned subsidiary, Jinko Solar Co., Ltd., reported a preliminary unaudited net income attributable to shareholders in the range of RMB80 million to RMB120 million for the full year ended December 31, 2024. This represents a staggering decrease of 98.39% to 98.92% compared to the previous year.</p>\n<p>Furthermore, the company's preliminary unaudited net loss, excluding extraordinary gains and losses, is estimated to be in the range of RMB750 million to RMB1,050 million, reflecting a decline of 110.86% to 115.21% year-over-year.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1163961640","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163961640","pubTimestamp":1737128545,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"JinkoSolar Holding Co., Ltd.  saw its shares tumble by 5.01% in Friday's intraday trading session, following the release of preliminary financial estimates for 2024 that pointed towards a significant decline in the company's profitability.According to the estimates, JinkoSolar's majority-owned subsidiary, Jinko Solar Co., Ltd., reported a preliminary unaudited net income attributable to shareholders in the range of RMB80 million to RMB120 million for the full year ended December 31, 2024. This r","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"晶科能源股价因2024年财务预期惨淡、净利润下降而暴跌5.01%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JKS":1},"content_text":"JinkoSolar Holding Co., Ltd. (JKS) saw its shares tumble by 5.01% in Friday's intraday trading session, following the release of preliminary financial estimates for 2024 that pointed towards a significant decline in the company's profitability.\nAccording to the estimates, JinkoSolar's majority-owned subsidiary, Jinko Solar Co., Ltd., reported a preliminary unaudited net income attributable to shareholders in the range of RMB80 million to RMB120 million for the full year ended December 31, 2024. 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