China's Top Solar Firms Post Big Losses as Oversupply Persists [Yahoo! Finance 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: Yahoo! Finance Canada
Most Read from Bloomberg 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 in capacity to feed China's renewables boom. Companies are undercutting each other to maintain market share, and most are expected to report losses this year, BloombergNEF said in a report earlier this month. Consolidation has already seen some smaller players going bankrupt or being bought by larger outfi
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News
- China's Solar Dominance Fuels Asia's Green Energy Shift [Yahoo! Finance]Yahoo! Finance
- Chinese Firms Target Frankfurt Revival for European Listings [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chinese Firms Target Frankfurt Revival for European Listings [Yahoo! Finance]Yahoo! Finance
- JinkoSolar Schedules 2024 Annual General Meeting to be Held on December 27, 2024PR Newswire
- MoonFox Analysis | Chinese A-share Companies' Global Revenue Journey: Expected to Reach US $1.4 Trillion [Yahoo! Finance]Yahoo! Finance
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