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Thursday, 21 March 2024

JinkoSolar reports Q4 2023 earnings. Here’s everything you need to know

by BD Banks

JinkoSolar Holdings Co. (NYSE: JKS) on Wednesday reported an increase in fourth-quarter revenues. The company also provided guidance for the first quarter and fiscal 2024.

JinkoSolar reports Q4 2023 earnings. Here’s everything you need to know

JinkoSolar reports Q4 2023 earnings. Here’s everything you need to know

Revenues of the China-based solar energy company moved up 9% annually to $4.62 billion in the fourth quarter. Adjusted net income attributable to shareholders, excluding special items, was $65.2 million in Q4, which is higher than the profit recorded in the prior year quarter.

On an unadjusted basis, the company reported a net profit of $4.1 million or $0.08 per ADS. During the quarter, total solar module shipments increased 57% year-over-year to 26,335 MW.

Prior Performance

  • JinkoSolar Q3 2022 earnings infographic
  • JinkoSolar Q2 2022 earnings infographic

The post JinkoSolar reports Q4 2023 earnings. Here’s everything you need to know first appeared on AlphaStreet.

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