China's Top Solar Firms Post Big Losses as Oversupply Persists [Financial Post (Toronto, Ontario, Canada)]
JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) (JKS)
Last jinkosolar holding company limited american depositary shares (each representing 4 common shares) earnings: 3/13 06:43 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — China's top solar manufacturers posted big losses in the third quarter as severe overcapacity and price wars continue to hurt the companies producing equipment critical to global energy transition. Leading panel-maker Longi Green Energy Technology Co. chalked up its fourth straight quarterly net loss of 1.26 billion yuan ($177 million), after recording a profit of 2.5 billion yuan in the same period last year. Rivals Tongwei Co. and Trina Solar Co. also swung to losses, while JA Solar Technology Co. saw net income plunge and Jinko Solar Co. barely turned a profit. Longi blamed a persistent mismatch between supply and demand, which has led to a significant drop in product prices, according to its statement. The company has cut output to ease losses. China's world-dominating solar firms have been forced to sell below cost after a breakneck buildup
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JKS
Earnings
- 10/30/24 - Beat
JKS
Sec Filings
- 11/12/24 - Form 6-K
- 10/30/24 - Form 6-K
- 10/21/24 - Form 6-K
- JKS's page on the SEC website