JinkoSolar Holding Co. Ltd - ADR

NYSE:JKS   3:59:59 PM EDT
30.33
-2.08 (-6.42%)
4:05:46 PM EDT: $30.90 +0.57 (+1.88%)
Other Pre-Announcement

Jinkosolar Announces Q2 Non-Gaap Earnings Per Share Of RMB 2.12

Published: 09/23/2020 10:34 GMT
JinkoSolar Holding Co. Ltd - ADR (JKS) - Jinkosolar Announces Second Quarter 2020 Financial Results.
Q2 Non-GAAP Earnings per Share Rmb 2.12.
Sees Q3 Revenue $1.22 Billion to $1.3 Billion.
Q2 Revenue Rose 22.2 Percent to Rmb 8.45 Billion.
Qtrly Total Solar Module Shipments Were 4,469 Megawatts.
Qtrly Diluted Earnings per Ads Were Rmb6.55.
"solar Demand Decreased During Quarter Due to Economic Slowdown, Triggering a Drop in Module Prices".
Jinkosolar - "combined Shipment Volumes of Top Five Solar Module Manufacturers Are Expected to Account for 65% to 70% of Industry for Year".
"believe Global Demand Will Eventually Accelerate and We Are Well Positioned to Benefit From Momentum".
"expect Strong Market Demand to Continue Until End of Year".
For Q3 of 2020, Expects Total Solar Module Shipments to Be in Range of 5.0 Gw to 5.3 Gw.
For Full Year 2020, Estimates Total Solar Module Shipments to Be in Range of 18 Gw to 20 Gw.
Gross Margin for Q3 is Expected to Be Between 17% and 19%.
Q2 Earnings per Share View $0.61, Revenue View $1.13 Billion -- Refinitiv Ibes Data (analyst estimates).
Q3 Revenue View $1.22 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2020 Revenue View $5.10 Billion -- Refinitiv Ibes Data (analyst estimates).