JinkoSolar Announces Second Quarter 2020 Financial Results

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Go back to JinkoSolar Announces Second Quarter 2020 Financial Results

JinkoSolar (JKS) Tops Q2 EPS by 59c, Revenues Beat

September 23, 2020 6:12 AM EDT

JinkoSolar (NYSE: JKS) reported Q2 EPS of $1.20, $0.59 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.14 billion.

Second Quarter 2020 Operational and Financial Highlights

Total solar module shipments were 4,469 megawatts ("MW"), within JinkoSolar's guidance range of 4.2 GW to 4.5 GW, an increase of 31.0% from 3,411 MW in the first quarter of 2020 and an increase of 32.0% from 3,386 MW in the second quarter of 2019.Total revenues were RMB8.45 billion (US$1.20 billion), exceeding JinkoSolar\'s guidance range of US$1.10 billion to US$1.18 billion; a decrease of... More