Solar Module Company JinkoSolar's Q2 Earnings: 22% Revenue Drop, Margins Hit By Lower Average Selling Price
Solar Module Company JinkoSolar's Q2 Earnings: 22% Revenue Drop, Margins Hit By Lower Average Selling Price
JinkoSolar Holding Co (NYSE:JKS) stock tanked Friday premarket after the company reported second-quarter results.
晶科能源控股有限公司 (纽交所：JKS) 的股票在周五盘前大跌，因该公司发布了二季度业绩报告。
The solar module manufacturer's revenue decreased 21.6% year-over-year to $3.31 billion, missing the analyst consensus estimate of $3.91 billion. Adjusted earnings per ADS of $0.99 beat the analyst consensus estimate of $0.17.
这家太阳能模组制造商的营业收入同比下降21.6%至331亿美元，低于分析师的共识预估391亿美元。每股调整后的净收益为0.99美元，超过分析师的共识预估0.17美元。
Quarterly shipments increased 36.0% Y/Y to 25,318 MW (23,822 MW for solar modules and 1,496 MW for cells and wafers). The module shipments grew by 34.1% Y/Y.
季度出货量同比增长36.0%至25,318 MW （太阳能模组23,822 MW，电池片和晶圆1,496 MW）。太阳能模组出货量同比增长34.1%。
Gross margin for the quarter stood at 11.1%, compared to 15.6% a year ago, reflecting decreases in the average selling price of solar modules.
本季度的毛利率为11.1%，相比一年前的15.6%有所下降，这反映了太阳能模组的平均售价下降。
Loss from operations was 1.14 billion Chinese Yuan or $156.6 million, compared to 1.54 billion Chinese Yuan income from operations a year ago.
运营亏损为11.4亿元人民币，相比一年前的运营收入1540万元人民币有所下降。
JinkoSolar's adjusted net income was 378.5 million Chinese Yuan ($52.1 million), compared to 1.43 billion Chinese Yuan a year ago.
晶科能源的调整后净利润为3.785亿元人民币（5210万元美元），相比一年前的1.43亿元人民币有所增长。
As of June 30, 2024, JinkoSolar held $1.91 billion in cash, equivalents, and inventories were $2.68 billion.
截至2024年6月30日，晶科能源持有19.1亿美元的现金，等值物和存货总计26.8亿美元。
Chair and CEO Xiande Li: "Prices in several segments of the industry chain declined slightly on a sequential basis, leading us to adjust our production scheduling strategy and utilization rates for different processes."
董事长兼首席执行官李宪德："产业链的多个环节价格略有下降，这导致我们调整了生产计划策略和不同工序的利用率。"
Outlook: JinkoSolar expects its third-quarter module shipments to be around 23.0 GW-25.0 GW.
展望：晶科能源预计第三季度模块出货量将在23.0 GW-25.0 GW左右。
The company reiterated fiscal 2024 module shipments of 100.0 GW-110.0 GW. JinkoSolar expects its annual production capacity for mono wafers, solar cells, and solar modules to reach 120.0 GW, 110.0 GW (prior 95.0 GW), and 130.0 GW by the end of 2024.
公司重申2024财年模块出货量为100.0 GW-110.0 GW。晶科能源预计到2024年底，其单晶硅片、太阳能电池和太阳能模块的年产能将达到120.0 GW、110.0 GW（之前为95.0 GW）和130.0 GW。
JinkoSolar Holding stock plunged 46% in the last 12 months.
晶科能源控股股票在过去的12个月中暴跌了46%。
Price Action: JKS stock traded lower by 5.19% at $17.16 premarket at the last check Friday.
股价走势：上周五最后查询时，JKS股票在盘前交易中下跌了5.19%，至17.16美元。