JinkoSolar Announces First Quarter 2026 Financial Results

JinkoSolar reported its unaudited financial results for the first quarter ended March 31, 2026. The company announced that its total module shipments for Q1 2026 were approximately 13.7 GW, with over 80% shipped to overseas markets. By the end of the quarter, JinkoSolar became the first module manufacturer globally to have delivered over 400 GW of solar modules. The average power output of their Tiger Neo 3.0 series reached 655W to 660W. Shipments of energy storage systems (ESS) increased significantly year-over-year. Total revenues were RMB 12.25 billion (US$1.78 billion), a decrease from the previous quarter and year, mainly due to lower solar module shipment volume. However, gross profit saw a substantial increase year-over-year, with the gross profit margin improving to 8.3%. The company reported a net loss attributable to ordinary shareholders of RMB 463.5 million (US$67.2 million), an improvement compared to the previous quarter and year. JinkoSolar expects module shipments for Q2 2026 to be between 14 GW and 16 GW, and for the full year 2026, anticipates shipments to reach 75 GW to 85 GW. The company also expects its annual integrated production capacity to reach 100 GW by the end of 2026.