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Independent power producer that owns and operates solar power plants, spun off from JinkoSolar's manufacturing business.
Independent power producer that owns and operates solar power plants, spun off from JinkoSolar's manufacturing business.
Sells the electricity from its solar plants to the grid under local tariffs, some with state subsidy top-ups, so volume depends on sunshine, plant availability and any local grid curtailment (when grid operators limit solar output). It also builds plants for sale to others, which brings lumpier income.
In one line: A solar-farm owner/operator, like a Chinese NextEra Energy Resources for solar.
Moat: narrow (scale, installed base). Large installed base of operating solar plants generating contracted, grid-sold power.
Headquarters: Shanghai, China · Employees: 1,342
Size Jinko Power Technology (601778.SS) is a China Industrials company (Engineering & Construction) with a market value of $1.86B, the 1352nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.33 on 6 Nov 2026.
Performance Over six months the shares fell 48.8%, against -10.4% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 25.1% over the last twelve months (peer median +5.3%); the operating margin is 15.5% (peer median 7.0%).
Valuation It trades at 9.1× enterprise value to sales against a peer median of 1.2× (2nd most expensive of 21).
Capital Return on invested capital runs 2.5 points below its cost of capital (5.9% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.00B | CN¥3.88B | CN¥4.76B | CN¥4.31B | CN¥3.15B |
| Revenue growth | — | -18% | +10% | +37% | — |
| Gross profit | CN¥2.00B | CN¥1.59B | CN¥1.84B | CN¥1.69B | CN¥1.49B |
| EBITDA | n/a | CN¥2.28B | CN¥2.21B | CN¥2.03B | CN¥2.01B |
| Net income | -CN¥204M | CN¥330M | CN¥324M | CN¥383M | CN¥217M |
| Free cash flow | -CN¥367M | CN¥1.49B | -CN¥975M | -CN¥3.78B | -CN¥728M |
| Capital expenditure | CN¥1.86B | CN¥2.49B | CN¥2.13B | CN¥3.29B | CN¥2.53B |
| Total debt | CN¥20.1B | CN¥21.2B | CN¥21.5B | CN¥20.4B | CN¥20.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Jinko Power Technology 601778.SS | $1.86B | -49% | -25% | 16% | 9.1× | n/a |
| Huaneng Lancang River Hydropower 600025.SS | $30.7B | +15% | +4% | 48% | 12.5× | 3.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601778.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.2% | -5.0% | 8th highest of 21 |
| 6-month return | -48.8% | -10.4% | lowest of 21 |
| Distance from 52-week high | -57.7% | -26.0% | lowest of 21 |
| Revenue growth (TTM) | -25.1% | +5.3% | 2nd lowest of 21 |
| Operating margin | 15.5% | 7.0% | 6th highest of 21 |
| EV / Sales | 9.1× | 1.2× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -2.5 pp | +7.1 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jinko Power Technology 601778.SS | China | $1.86B | -49% | -25% | 16% | 9.1× | n/a | n/a |
| Beijing Enterprises Water 0371.HK | Hong Kong | $1.86B | -48% | -5% | 24% | 5.2× | 4.2% | -1.2% |
| Mega Union Technology 6944.TW | Taiwan | $1.82B | -17% | +60% | 21% | 2.6× | -4.0% | +30.2% |
| China Next-Gen Commerce and Supply Chain 3928.HK | Hong Kong | $1.81B | +47% | -26% | -17% | 50.8× | n/a | n/a |
| Badger Infrastructure Solutions BDGI.TO | Canada | $1.80B | -10% | +16% | 8% | 2.4× | 21.0% | +15.8% |
| Guangdong Construction Engineering 002060.SZ | China | $1.79B | -15% | -11% | 3% | 0.6× | n/a | n/a |
| HAZAMA ANDO 1719.T | Japan | $1.94B | -11% | +4% | 8% | 0.6× | -11.7% | +4.5% |
| NRW NWH.AX | Australia | $1.95B | -17% | +31% | 6% | 0.7× | 8.5% | +14.1% |
| Kier KIE.L | United Kingdom | $1.75B | +53% | +7% | 3% | 0.3× | -6.3% | +5.9% |
| Monadelphous MND.AX | Australia | $1.98B | -4% | +29% | 5% | 0.9× | 5.3% | +9.7% |
| Sanki Engineering 1961.T | Japan | $1.98B | -12% | +2% | 12% | 1.0× | -6.5% | +6.0% |
| Engineers India ENGINERSIN.NS | India | $1.74B | +12% | +6% | 20% | 3.8× | 29.6% | +4.6% |
| Suzhou Gold Mantis Construction and Decoration 002081.SZ | China | $1.74B | -25% | -8% | 3% | 0.7× | 12.2% | -11.1% |
| CSSC Science & Technology 600072.SS | China | $1.99B | -35% | +8% | -37% | 2.9× | n/a | n/a |
| Chongqing Sanfeng Environment 601827.SS | China | $2.00B | -3% | +5% | 27% | 2.9× | -11.4% | +2.4% |
| Tasmea TEA.AX | Australia | $1.73B | +49% | +136% | 8% | 2.0× | 4.6% | +59.3% |
| SHO BOND 1414.T | Japan | $1.71B | -6% | -2% | 23% | 2.6× | -7.5% | +2.2% |
| Per Aarsleff Holding A/S PAAL-B.CO | Denmark | $2.02B | -6% | +14% | 5% | 0.6× | -7.6% | +11.2% |
| Burkhalter BRKN.SW | Switzerland | $1.71B | -27% | -2% | 6% | 1.2× | -1.3% | +19.0% |
| Chudenko 1941.T | Japan | $1.71B | +3% | +9% | 12% | 0.9× | -8.6% | +4.3% |
| China Aluminum International Engineering 2068.HK | Hong Kong | $1.71B | -39% | -6% | 4% | 1.3× | 11.9% | -0.6% |