JinkoSolar Shares Under Pressure Following Subsidiary’s Loss Forecast

Investors in solar module manufacturer JinkoSolar are facing uncertainty after a significant loss projection from its majority-owned subsidiary, Jiangxi Jinko. The preliminary figures have triggered a sell-off, casting a shadow over the upcoming consolidated results of the US-listed parent company.

The market’s response was swift and negative. JinkoSolar’s stock price recently stood at €21.90, reflecting a sharp decline of 13.95% over the preceding seven-day period. This drop is directly linked to the alarming financial update from Jiangxi Jinko, in which JinkoSolar holds a controlling 55.6% stake.

The subsidiary’s preliminary estimate, prepared under PRC GAAP accounting standards, forecasts a net loss ranging between RMB 5.9 billion and RMB 6.9 billion for the Read more...