QUOTE AND NEWS
Motley Fool  Nov 22  Comment 
Operations at some of the world's biggest solar module makers are still profitable, but based on the direction of margins, the industry may be headed for some money-losing quarters.
newratings.com  Nov 16  Comment 
BEIJING (dpa-AFX) - JinkoSolar Holding Co., Ltd. (JKS) announced a profit for its third quarter that climbed compared to the same period last year. The company said its bottom line totaled RMB305.76 million, or RMB9.36 per share. This was up...
Motley Fool  Oct 6  Comment 
Could falling solar panel prices mean bad news ahead for the solar industry?
newratings.com  Sep 8  Comment 
BEIJING (dpa-AFX) - JinkoSolar Holding Co., Ltd. (JKS) announced its withdrawal from the European Union Price Undertaking or "UT" agreement. Under the terms of the UT agreement that JinkoSolar was party to, Chinese companies selling solar cells...
newratings.com  Aug 8  Comment 
BEIJING (dpa-AFX) - JinkoSolar Holding Co., Ltd. (JKS) reported a profit for its second quarter that gained ground from last year. The company said its bottom line advanced to RMB421.76 million, or RMB3.18 per share. This was up from RMB206.81...
Forbes  Jun 24  Comment 
Bearish options traders and short sellers have swarmed struggling JinkoSolar Holding Co., Ltd. More downside could be ahead, if analysts throw in the towel on the solar stock.




 
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JinkoSolar Holding (JKS) (NYSE:JKS) manufactures silicon wafers, solar cells and solar modules. Its operations are based in Jiangxi and Zhejiang province in China. Silicon wafers are thin sheets of crystalline silicon material used to produce solar cells. Solar cells convert sunlight into electricity. The company has over 440 customers worldwide. [1]

The global recession and harsh credit markets caused the demand to fall for the solar industry, especially the 2nd half of 2008 and 1st half of 2009. However, the governments across the world, including United States, South Korea, Germany, and others, have created incentive policies for companies and customers to implement solar technology. These incentive plans have helped a rapid adoption of solar technology. [1]

The company's initial public offering of stock filed on the NASDAQ and went public on 14 May 2010. It priced at $11.00, the low part of the initial offer range $11-$13. The company offered 5.8 million shares to raise $64 million. [1]

For FY2009 with year ended 31 December 2009, the company's revenue decreased from 2.18 billion RMB in FY2008 to 1.57 billion RMB in FY2009, falling 28%. Furthermore, the company's net income fell from 219.3 million RMB to 85.4 million RMB in the same period, falling 61%. The global recession attributed to the steep fall in revenue. [1]

References

  1. 1.0 1.1 1.2 1.3 JinkoSolar Holding F-1/A
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