Category Stockmarkets
Rosenblatt initiates coverage of Applied Optoelectronics with a Buy rating

© Reuters.

SHANGRAO, China – JinkoSolar (NYSE:) Holding Co., Ltd. (NYSE: JKS), a global solar module manufacturer, reported preliminary unaudited financial results for its principal operating subsidiary, Jiangxi Jinko, for the full year 2023. Jiangxi Jinko’s unaudited revenues reached RMB118.68 billion ($1=7.20 RMP), with a net income attributable to shareholders of RMB7.49 billion. Excluding extraordinary items, the net income was RMB7.00 billion.

These preliminary figures are specific to Jiangxi Jinko and differ from JinkoSolar’s consolidated financials, which include results from all subsidiaries and are reported under US accounting standards. The results for Jiangxi Jinko are prepared following PRC GAAP and represent the performance of JinkoSolar’s major subsidiary, in which it holds approximately 58.59% equity interest.

JinkoSolar operates on a global scale, with a diverse customer base and extensive production facilities and sales teams across various countries and regions. The company’s reach extends to China, the United States, and other significant markets.

The information reported here is based on a press release statement from JinkoSolar Holding Co., Ltd.

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