JinkoSolar Reports 11.5% Revenue Decline in Q1 2026 Amid Reduced Module Shipments
JinkoSolar's Q1 2026 revenue fell to RMB12.25 billion (~$1.78 billion), driven by decreased solar module shipments. The company's net loss improved by 65% YoY, reflecting a contraction in financial performance but also a trend towards higher efficiency products.
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In Q1 2026, JinkoSolar generated RMB12.25 billion (~$1.78 billion) in revenue, an 11.5% decrease from the previous year. Module shipments reached approximately 13.7 GW, with a significant portion (over 80%) directed to international markets.
The firm reported a net loss of RMB463.5 million (~$67.2 million), a 65% improvement from RMB1.32 billion (~$193 million) last year. High-efficiency modules, accounting for nearly 25% of shipments, are expected to drive production capacity above 40 GW by year-end, enhancing cost efficiency.
Energy storage systems saw a 350% increase YoY to 1.42 GWh, indicating growth potential. Jinko's cumulative module shipments surpassed 400 GW by Q1's end, with Tiger Neo modules reaching around 240 GW.
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