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JKS · NYSE · United States · Semiconductors & Related Devices
In shortJinkoSolar Holding Co., Ltd. is loss-making, burns cash and holds more cash than debt, with revenue shrinking (−29.0% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -13.6% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -6.8% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -25.0% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -18.3% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.25× | 38/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.35× | 36/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -6.55× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -3.2% | 7/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 1 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 54.0% | 0/100 |
| Operating margin volatility | 7.4% | 42/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -7.6% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 40,827 | 83,127 | 118,679 | 92,256 | 65,498 |
| Cost of revenue | 34,169 | 70,849 | 99,631 | 82,199 | 64,087 |
| Gross profit | 6,658 | 12,278 | 19,048 | 10,057 | 1,411 |
| Research & development | 462 | 725 | 912 | 921 | 897 |
| Operating income | 1,103 | 429 | 6,093 | (3,345) | (8,905) |
| Interest expense | 838 | 1,079 | 1,171 | 1,143 | 1,360 |
| Pre-tax income | 1,090 | 1,977 | 7,490 | 260 | (9,184) |
| Income tax | 194 | 605 | 1,260 | 69 | (2,221) |
| Net income | 721 | 621 | 3,447 | 55 | (4,445) |
| Diluted EPS | ¥2.01 | ¥3.10 | ¥15.23 | −¥1.27 | −¥21.33 |
| Diluted shares (millions) | 206 | 200 | 226 | 210 | 208 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 29, 2026