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JinkoSolar announced that in the first three quarters, reven...

JinkoSolar announced that in the first three quarters, revenue was 71.77 billion yuan, a decrease of 15.66% year-on-year; net income attributable to shareholders of listed companies was 1.215 billion yuan, a decrease of 80.88% year-on-year. Among them, third-quarter revenue was 24.519 billion yuan, a decrease of 22.09% year-on-year; net income was 14.8742 million yuan, a decrease of 99.41% year-on-year. During the reporting period, intensified competition in the photovoltaic market and continuous decline in photovoltaic product prices led to a decrease in main business profit.
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  • Macdonell J : JKS reported quarterly -$0.06 per share which beat the analyst consensus estimate of -$0.29 by 79.31 %. The Co reported quarterly sales of $3.490B which beat the analyst consensus estimate of $3.2B by 9.07%.
    Share price jumped 7% at premarket.

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