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HomeMarketJKS Earnings: JinkoSolar reviews decrease income and adj. revenue for Q2 |...

JKS Earnings: JinkoSolar reviews decrease income and adj. revenue for Q2 | AlphaStreet

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JinkoSolar Holdings Co. (NYSE: JKS) Friday reported a fall in revenues for the second quarter of 2024. Adjusted revenue declined sharply in the course of the three months.

Revenues of the China-based photo voltaic panel maker dropped 22% yearly to $3.31 billion within the June quarter. Adjusted internet revenue attributable to shareholders, excluding particular objects, was $52.1 million in Q2, which is sharply decrease than the adjusted revenue recorded within the prior yr quarter.

On an unadjusted foundation, the corporate reported a internet lack of $13.86 million or $0.29 per ADS for the second quarter. Throughout the quarter, whole photo voltaic module shipments elevated 44% year-over-year to 25,318 MW.

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