Jinko Solar's Q2 income soars to $331M with module boost
POWER & RENEWABLE ENERGY

Jinko Solar's Q2 income soars to $331M with module boost

China's prominent solar cell and module manufacturer, Jinko Solar, witnessed a remarkable turnaround in its financial performance for Q2 2023. The company reported a net income of approximately $331.38 million, a stark contrast to the net loss of about $47.64 million in Q2 2022. This significant boost in net income, which saw a 73% increase quarter-over-quarter (QoQ), is primarily attributed to the company's escalated module shipments. The shipments for the quarter reached 18,613 MW, marking a 77% year-over-year (YoY) increase. Notably, the module shipments alone surged by 74% YoY. Jinko Solar's transition to its N-type module was a highlight, with Q2 2023 shipments standing at 10.4 GW. This achievement made Jinko Solar the pioneer in delivering 10 GW of N-type modules in a single quarter. Furthermore, the company's total revenue for the quarter was approximately $4.22 billion, reflecting a 63% YoY growth. Xiande Li, Chairman and CEO of Jinko Solar, expressed satisfaction over the company's growth trajectory, emphasising their effective supply chain management and high-quality products.

China's prominent solar cell and module manufacturer, Jinko Solar, witnessed a remarkable turnaround in its financial performance for Q2 2023. The company reported a net income of approximately $331.38 million, a stark contrast to the net loss of about $47.64 million in Q2 2022. This significant boost in net income, which saw a 73% increase quarter-over-quarter (QoQ), is primarily attributed to the company's escalated module shipments. The shipments for the quarter reached 18,613 MW, marking a 77% year-over-year (YoY) increase. Notably, the module shipments alone surged by 74% YoY. Jinko Solar's transition to its N-type module was a highlight, with Q2 2023 shipments standing at 10.4 GW. This achievement made Jinko Solar the pioneer in delivering 10 GW of N-type modules in a single quarter. Furthermore, the company's total revenue for the quarter was approximately $4.22 billion, reflecting a 63% YoY growth. Xiande Li, Chairman and CEO of Jinko Solar, expressed satisfaction over the company's growth trajectory, emphasising their effective supply chain management and high-quality products.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?