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 Urban

bauma Inspires Progress

bauma reaffirmed its position as the heartbeat of the construction machinery industry. With 6,00,000 visitors and 3,601 exhibitors, the event spotlighted sustainability and digitalisation. Amid global challenges, it fuelled optimism, and future-ready solutions...

Next Story
Infrastructure Urban

IMPACCT.Info: AI Powered Business Intelligence

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read the full article Click Here ..

Next Story
Equipment

Better Concrete Handling

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select WellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?