JinkoSolar Holding (NYSE:JKS) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥24.5b (down 23% from 3Q 2023).
• Net income: CN¥22.5m (down 98% from 3Q 2023).
• Profit margin: 0.1% (down from 4.2% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.44 (down from CN¥25.66 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

JinkoSolar Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 13% from a week ago.

Risk Analysis

You still need to take note of risks, for example - JinkoSolar Holding has 5 warning signs we think you should be aware of.

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