Jinko Holdings stock gains as Q3 margin rebounds to 12.3%

Published on 11/06/2026 at 22:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jinko Holdings stock enters a key test after a sharp third-quarter margin recovery. Management expects fourth-quarter module shipments of 16 GW to 18 GW.

Margin recovery meets shipment test

Jinko Holdings reported stronger quarterly profitability despite lower year-on-year revenue and module shipments.
Management expects fourth-quarter module shipments of 16 GW to 18 GW and full-year energy-storage shipments of about 10 GWh.
Premium Tiger Neo products and energy storage are central to the companys effort to improve earnings quality.

JKS, US47759T1007, Illustration mit AI erstellt.

Jinko Holdings reported a substantial improvement in third-quarter profitability on October 30, even as revenue and solar-module shipments remained below the prior-year level. The company said its product mix, cost controls and energy-storage business supported the recovery.

Jinko Holdings stock traded at 9.92 euros on Lang & Schwarz at 22:28 CET on Friday, November 6, 2026. Investors can follow the real-time quote of Jinko Holdings stock.

Higher margins, lower revenue

Revenue for the quarter was RMB13.62 billion, equivalent to US$2.03 billion, down 15.7 percent from the third quarter of 2025 but up 10.2 percent from the second quarter. Solar-module shipments fell 25 percent year on year to 15,003 megawatts.

Gross profit rose to RMB1.67 billion from RMB513.1 million in the prior quarter. The company attributed the improvement to higher-efficiency products, ongoing cost optimization and a larger contribution from energy-storage systems.

Net loss attributable to ordinary shareholders narrowed to RMB170.0 million from RMB697.3 million in the second quarter and RMB749.8 million a year earlier. Adjusted net loss was RMB7.9 million, excluding fair-value changes in long-term investments, disposal gains, impairment and share-based compensation.

Storage and premium modules

Tiger Neo 3.0 shipments exceeded 5 gigawatts in the quarter and carried a premium of about US$0.01 per watt over conventional modules. Jinko also said energy-storage shipments recognized as revenue reached approximately 1.75 gigawatt-hours, matching the total recognized during all of 2025.

The company expects fourth-quarter module shipments of 16 gigawatts to 18 gigawatts and full-year 2026 energy-storage shipments of approximately 10 gigawatt-hours on a proof-of-delivery basis. It also expects about 40 gigawatts of high-efficiency production capacity by year-end.