Loading…
A-share listing of JinkoSolar, one of the world's largest makers of solar photovoltaic modules and cells.
A-share listing of JinkoSolar, one of the world's largest makers of solar photovoltaic modules and cells.
Sells modules priced by the watt of capacity to project developers and distributors worldwide, so shipments and the industry price per watt shape results. It makes its own wafers and cells too. This Shanghai-listed company is the main operating arm of JinkoSolar Holding, which is listed in New York.
Moat: none (scale). Commodity module manufacturing with thin differentiation; competes mainly on cost and capacity scale.
Headquarters: Shangrao, China · Founded: 2006 · Employees: 26,388
Size Jinko Solar (688223.SS) is a China Information Technology company (Semiconductors) with a market value of $6.73B, the 365th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.38 on 6 Nov 2026.
Performance Over six months the shares fell 34.1%, against -18.3% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 18.5% over the last twelve months (peer median +21.9%); the operating margin is -10.9% (peer median 6.5%).
Valuation It trades at 1.3× enterprise value to sales against a peer median of 4.9× (2nd cheapest of 21).
Capital Return on invested capital runs 5.2 points below its cost of capital (5.0% WACC).
Next results Next results expected around 6 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥55.8B | CN¥65.4B | CN¥92.4B | CN¥119B | CN¥82.6B |
| Revenue growth | — | -29% | -22% | +44% | — |
| Gross profit | CN¥6.87B | -CN¥969M | CN¥6.33B | CN¥15.1B | CN¥8.34B |
| EBITDA | n/a | CN¥1.91B | CN¥7.74B | CN¥16.8B | CN¥5.54B |
| Net income | -CN¥6.33B | -CN¥6.88B | CN¥98.9M | CN¥7.44B | CN¥2.94B |
| Free cash flow | -CN¥927M | -CN¥614M | -CN¥1.15B | CN¥4.83B | -CN¥10.6B |
| Capital expenditure | CN¥5.35B | CN¥2.85B | CN¥9.19B | CN¥20.4B | CN¥14.9B |
| Total debt | CN¥47.0B | CN¥52.0B | CN¥46.1B | CN¥51.8B | CN¥41.0B |
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 Solar 688223.SS | $6.73B | -34% | -18% | -11% | 1.3× | n/a |
| LONGi Green Energy Technology 601012.SS | $14.1B | -25% | -16% | -12% | 1.4× | n/a |
| Trina Solar 688599.SS | $3.90B | -36% | -3% | -9% | 0.9× | -4.3% |
| JA Solar Technology 002459.SZ | $3.50B | -35% | -23% | n/a | 1.5× | -20.3% |
| Canadian Solar CSIQ | $755M | -45% | -16% | -2% | 1.7× | n/a |
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 | 688223.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.6% | -22.2% | highest of 21 |
| 6-month return | -34.1% | -18.3% | 4th lowest of 21 |
| Distance from 52-week high | -54.7% | -49.6% | 10th lowest of 21 |
| Revenue growth (TTM) | -18.5% | +21.9% | 4th lowest of 21 |
| Operating margin | -10.9% | 6.5% | 4th lowest of 21 |
| EV / Sales | 1.3× | 4.9× | 2nd cheapest of 21 |
| ROIC minus cost of capital | -5.2 pp | -4.8 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jinko Solar 688223.SS | China | $6.73B | -34% | -18% | -11% | 1.3× | n/a | n/a |
| Suzhou Maxwell Technologies 300751.SZ | China | $6.72B | -33% | -26% | 6% | 7.5× | 47.7% | +29.0% |
| Rohm 6963.T | Japan | $6.76B | -19% | +12% | 4% | 2.0× | n/a | n/a |
| Vanguard International Semiconductor 5347.TWO | Taiwan | $6.82B | -22% | +10% | 17% | 4.8× | n/a | n/a |
| Sanan Optoelectronics 600703.SS | China | $6.87B | -33% | -22% | -7% | 3.6× | n/a | n/a |
| Minebea Mitsumi 6479.T | Japan | $6.97B | -13% | +12% | 7% | 0.8× | 10.8% | +11.0% |
| Smartsens Technology (Shanghai) 688213.SS | China | $7.01B | +21% | +27% | 13% | 4.5× | 23.1% | +42.7% |
| Unigroup Guoxin Microelectronics 002049.SZ | China | $6.37B | -35% | -1% | 18% | 6.9× | 24.4% | +13.5% |
| FormFactor FORM | United States | $6.36B | -45% | +29% | 21% | 6.1× | 22.4% | +2.5% |
| GRINM Semiconductor Materials 688432.SS | China | $6.34B | +131% | +36% | 19% | 30.8× | n/a | n/a |
| Alchip Technologies Limitd 3661.TW | Taiwan | $7.35B | -32% | -51% | 23% | 8.2× | n/a | n/a |
| Silicon Laboratories SLAB | United States | $7.39B | +2% | +22% | -3% | 8.2× | n/a | n/a |
| WAAREE Energies WAAREEENER.NS | India | $7.41B | -24% | +75% | 16% | 2.2× | n/a | n/a |
| Shanghai Iluvatar CoreX Semiconductor 9903.HK | Hong Kong | $6.06B | -6% | +158% | -65% | 24.9× | n/a | n/a |
| Shanghai Biren Technology 6082.HK | Hong Kong | $6.03B | -67% | +542% | -47% | 16.4× | n/a | n/a |
| Powerchip Semiconductor Manufacturing 6770.TW | Taiwan | $7.54B | -5% | +22% | -5% | 3.8× | 11.3% | +0.5% |
| Yangzhou Yangjie Electronic Technology 300373.SZ | China | $5.99B | -3% | +29% | 18% | 4.4× | 18.1% | +22.3% |
| Ingenic Semiconductor 300223.SZ | China | $7.59B | -15% | +89% | 35% | 5.0× | 21.3% | +16.9% |
| Hangzhou Silan Microelectronics 600460.SS | China | $5.93B | -18% | +12% | 2% | 3.2× | n/a | n/a |
| Beijing YanDong MicroElectronic 688172.SS | China | $5.86B | -26% | +22% | -89% | 24.2× | n/a | n/a |
| Tianshui Huatian Technology 002185.SZ | China | $7.74B | +10% | +33% | 4% | 3.1× | n/a | n/a |