JinkoSolar Holding Co., Ltd. (JKS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Sales/Revenue | 16.16B | 13.84B | 20.65B | 24.51B | 24.05B | 23.04B | 32.83B | 31.83B | 30.69B | 23.33B | 30B | 19.52B | 18.84B | 14.76B | 16.39B | 8.57B | 7.93B | 7.94B | 9.42B | 8.77B |
| Revenue Growth % | -34.07% | -39.93% | -37.1% | -23.01% | -21.61% | -1.22% | 9.43% | 63.09% | 62.86% | 58% | 83.08% | 127.76% | 137.65% | 85.94% | 73.88% | -2.28% | -6.18% | -6.4% | -1.1% | 17.22% |
| Cost of Goods Sold | 14.98B | 14.2B | 19.86B | 20.65B | 21.38B | 20.31B | 28.74B | 25.7B | 25.9B | 19.29B | 25.79B | 16.45B | 16.07B | 12.54B | 13.74B | 7.27B | 6.57B | 6.58B | 7.92B | 7.28B |
| COGS % of Revenue | 92.69% | 102.55% | 96.18% | 84.27% | 88.87% | 88.13% | 87.54% | 80.73% | 84.41% | 82.68% | 85.97% | 84.26% | 85.29% | 84.92% | 83.86% | 84.88% | 82.86% | 82.89% | 84.01% | 82.95% |
| Gross Profit | 1.18B | -352.87M | 789.66M | 3.86B | 2.68B | 2.74B | 4.09B | 6.13B | 4.78B | 4.04B | 4.21B | 3.07B | 2.77B | 2.23B | 2.64B | 1.3B | 1.36B | 1.36B | 1.51B | 1.49B |
| Gross Margin % | 7.31% | -2.55% | 3.82% | 15.73% | 11.13% | 11.87% | 12.46% | 19.27% | 15.59% | 17.32% | 14.03% | 15.74% | 14.71% | 15.08% | 16.14% | 15.12% | 17.14% | 17.11% | 15.99% | 17.05% |
| Gross Profit Growth % | -69.35% | -112.9% | -80.7% | -37.13% | -44.03% | -32.32% | -2.79% | 99.67% | 72.55% | 81.49% | 59.15% | 137% | 103.94% | 63.92% | 75.48% | -13.3% | -10.17% | -18.02% | -12.88% | -6.2% |
| Operating Expenses | 2.59B | 1.98B | 2.73B | 3.78B | 3.81B | 3.07B | 3.74B | 3.14B | 3.24B | 2.83B | 3.59B | 3.01B | 3.06B | 2.19B | 2.16B | 1.18B | 1B | 1.21B | 1.44B | 948.89M |
| OpEx % of Revenue | 16.01% | 14.28% | 13.23% | 15.42% | 15.86% | 13.34% | 11.39% | 9.87% | 10.57% | 12.13% | 11.98% | 15.41% | 16.25% | 14.8% | 13.17% | 13.83% | 12.65% | 15.23% | 15.23% | 10.82% |
| Selling, General & Admin | 1.78B | 2.36B | 2.12B | 3.35B | 2.94B | 2.83B | 3.4B | 2.9B | 2.47B | 2.64B | 3.15B | 2.8B | 2.75B | 2.04B | 1.89B | 1.06B | 887.94M | 978.73M | 1.18B | 843.45M |
| SG&A % of Revenue | 10.99% | 17.05% | 10.26% | 13.66% | 12.22% | 12.3% | 10.35% | 9.1% | 8.04% | 11.32% | 10.5% | 14.37% | 14.62% | 13.82% | 11.56% | 12.37% | 11.2% | 12.33% | 12.56% | 9.62% |
| Research & Development | 255.72M | 151.8M | 256.05M | 208.67M | 215.39M | 240.43M | 279.64M | 218.1M | 225.57M | 188.56M | 228.4M | 201.69M | 149.7M | 144.97M | 114.55M | 125.09M | 114.81M | 107.14M | 137.32M | 105.44M |
| R&D % of Revenue | 1.58% | 1.1% | 1.24% | 0.85% | 0.9% | 1.04% | 0.85% | 0.69% | 0.74% | 0.81% | 0.76% | 1.03% | 0.79% | 0.98% | 0.7% | 1.46% | 1.45% | 1.35% | 1.46% | 1.2% |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1 | 1 | 1000K | 1000K | 0 |
| Operating Income | -1.4B | -2.33B | -1.94B | 75.53M | -1.14B | -339.61M | 352.46M | 2.99B | 1.54B | 1.21B | 614.42M | 63.13M | -289.05M | 40.75M | 485.83M | 111.21M | 356.38M | 149.09M | 71.58M | 546.03M |
| Operating Margin % | -8.69% | -16.83% | -9.41% | 0.31% | -4.73% | -1.47% | 1.07% | 9.39% | 5.01% | 5.19% | 2.05% | 0.32% | -1.53% | 0.28% | 2.96% | 1.3% | 4.5% | 1.88% | 0.76% | 6.23% |
| Operating Income Growth % | -1959.7% | -585.85% | -651.15% | -97.47% | -173.99% | -128.03% | -42.64% | 4636.73% | 632.16% | 2873.48% | 26.47% | -43.23% | -181.11% | -72.67% | 578.76% | -79.63% | -18.01% | -79.65% | -87.97% | -14.52% |
| EBITDA | -980.7M | -1.83B | -947.08M | 458.57M | 185.84M | 1.71B | 1.28B | 3.01B | 3.02B | 1.82B | 2.94B | 1.04B | -140.24M | 331.05M | 1.74T | 369.39M | 317.78M | 435.11M | 463.51M | 230.53M |
| EBITDA Margin % | -6.07% | -13.24% | -4.59% | 1.87% | 0.77% | 7.4% | 3.9% | 9.45% | 9.85% | 7.8% | 9.79% | 5.32% | -0.74% | 2.24% | 10615.71% | 4.31% | 4.01% | 5.48% | 4.92% | 2.63% |
| EBITDA Growth % | -313.86% | -207.45% | -173.98% | -84.75% | -93.85% | -6.26% | -56.42% | 189.6% | 2254.83% | 449.63% | -99.83% | 181.07% | -144.13% | -23.92% | 375224.63% | 60.23% | -32.35% | -29.34% | -51.26% | -62.09% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.32B | 0 | 0 | 0 | 1.74T | 0 | 0 | 0 | 391.94M | 0 |
| EBIT | -980.7M | -1.83B | -947.08M | 458.57M | 185.84M | 1.71B | 1.28B | 3.01B | 3.02B | 1.82B | 1.83B | 1.04B | -140.24M | 331.05M | 591.65M | 369.39M | 317.78M | 435.11M | -290.5M | 230.53M |
| Net Interest Income | -201.78M | -236.82M | -237.83M | -197.71M | -105.51M | -187.92M | -201.48M | -149.33M | -215.07M | -55.65M | -107.57M | -134.16M | -89.21M | -162.29M | -143.8M | -165.13M | -157.72M | -158.58M | -113.4M | -126.91M |
| Interest Income | 124.97M | 104.13M | 114.98M | 96.62M | 108.1M | 95.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 326.76M | 340.95M | 352.81M | 294.33M | 213.61M | 283.37M | 201.48M | 149.33M | 215.07M | 55.65M | 107.57M | 134.16M | 89.21M | 162.29M | 143.8M | 165.13M | 157.72M | 158.58M | 113.4M | 126.91M |
| Other Income/Expense | 100.17M | 108.82M | 528.83M | 78.71M | 1.04B | 1.78B | 170.96M | -262.32M | 1.21B | 497.01M | 660.7M | 885.28M | 60.66M | 134.54M | -35.13M | 105.79M | -196.39M | 172.93M | -457.33M | -420.02M |
| Pretax Income | -1.3B | -2.22B | -1.41B | 154.25M | -94.7M | 1.44B | 523.42M | 2.73B | 2.75B | 1.71B | 1.28B | 948.41M | -228.4M | 175.29M | 450.7M | 217M | 159.99M | 322.03M | -385.76M | 126.02M |
| Pretax Margin % | -8.07% | -16.04% | -6.85% | 0.63% | -0.39% | 6.24% | 1.59% | 8.57% | 8.97% | 7.32% | 4.25% | 4.86% | -1.21% | 1.19% | 2.75% | 2.53% | 2.02% | 4.06% | -4.09% | 1.44% |
| Income Tax | -191.63M | -163.52M | -580.54M | 148.46M | 24.8M | 476.72M | 200.83M | 403.31M | 341.14M | 315M | 265.39M | 150.78M | 118.09M | 71.02M | 126.87M | 21.96M | -6.9M | 52.21M | -23.09M | 69.23M |
| Effective Tax Rate % | 14.69% | 7.36% | 41.06% | 96.25% | -26.19% | 33.17% | 38.37% | 14.78% | 12.39% | 18.43% | 20.81% | 15.9% | -51.7% | 40.52% | 28.15% | 10.12% | -4.31% | 16.21% | 5.99% | 54.93% |
| Net Income | -749.79M | -1.32B | -476.74M | 22.53M | -100.65M | 609.4M | 29.32M | 1.32B | 1.31B | 788.65M | 665.02M | 549.82M | -623.27M | 28.94M | 239.47M | 194.22M | 66.24M | 221.09M | -376.95M | 6.85M |
| Net Margin % | -4.64% | -9.53% | -2.31% | 0.09% | -0.42% | 2.64% | 0.09% | 4.16% | 4.26% | 3.38% | 2.22% | 2.82% | -3.31% | 0.2% | 1.46% | 2.27% | 0.84% | 2.78% | -4% | 0.08% |
| Net Income Growth % | -3427.65% | -316.42% | -1726.26% | -98.3% | -107.71% | -22.73% | -95.59% | 140.69% | 309.56% | 2625.4% | 177.71% | 183.09% | -1040.98% | -86.91% | 163.53% | 2734.15% | -79.17% | -21.72% | -202.01% | -98.11% |
| Net Income (Continuing) | -1.11B | -2.06B | -833.22M | 5.79M | -119.5M | 960.42M | 322.58M | 2.32B | 2.41B | 1.39B | 1.01B | 797.63M | -346.48M | 104.27M | 323.83M | 195.04M | 166.89M | 269.82M | -362.67M | 56.79M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 13.02B | 13.21B | 14.34B | 14.74B | 12.84B | 13.75B | 13.38B | 13.06B | 12.1B | 11.27B | 10.67B | 10.32B | 10.09B | 9.69B | 3.24B | 3.15B | 3.15B | 3.05B | 3B | 2.44B |
| EPS (Diluted) | -57.28 | -102.32 | -62.04 | 1.76 | -7.68 | 43.60 | 2.24 | 94.88 | 93.44 | 59.84 | 48.52 | 40.16 | -50.40 | 2.40 | -5.36 | 15.16 | 5.60 | 17.24 | -33.28 | 0.64 |
| EPS Growth % | -3354.55% | -334.68% | -2869.64% | -98.15% | -108.22% | -27.14% | -95.38% | 136.25% | 285.4% | 2393.33% | 1005.22% | 164.91% | -1000% | -86.08% | 83.89% | 2268.75% | -80.45% | -24.39% | -201.22% | -97.86% |
| EPS (Basic) | -57.28 | -102.32 | -62.04 | 1.76 | -7.72 | 45.12 | 2.24 | 102.72 | 102.24 | 62.56 | 52.88 | 43.84 | -50.40 | 2.40 | -5.76 | 16.32 | 5.60 | 18.56 | -33.28 | 0.64 |
| Diluted Shares Outstanding | 13.09M | 12.89M | 12.84M | 12.81M | 13.12M | 13.98M | 13.45M | 13.95M | 13.98M | 13.18M | 13.7M | 13.69M | 12.37M | 12.04M | 12.86M | 12.82M | 11.95M | 12.82M | 11.33M | 11.12M |
| Basic Shares Outstanding | 13.09M | 12.89M | 12.84M | 12.81M | 13M | 13.5M | 13.1M | 12.89M | 12.79M | 12.62M | 12.57M | 12.53M | 12.37M | 12.02M | 11.92M | 11.92M | 11.92M | 11.9M | 11.33M | 11.12M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9693.49% | - | - | - | - | - |