Jinko Solar Co., Ltd. (SHA:688223)

Jinko Solar Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	92,621	116,264	81,293	39,352	33,190
Other Revenue	-	2,417	1,383	1,217	469.41
Revenue	92,621	118,682	82,676	40,570	33,660
Revenue Growth (YoY)	-21.96%	43.55%	103.79%	20.53%	14.14%
Cost of Revenue	91,823	102,673	74,668	35,606	28,904
Gross Profit	798.65	16,009	8,008	4,964	4,756
Selling, General & Admin	-	5,255	4,080	2,024	1,737
Research & Development	-	1,578	1,199	716.23	705.65
Other Operating Expenses	-	372.46	218.2	119.11	98.73
Operating Expenses	-	7,321	5,617	2,715	2,619
Operating Income	798.65	8,688	2,391	2,249	2,136
Interest Expense	-	-1,180	-1,070	-841.99	-697.53
Interest & Investment Income	-	334.45	310.9	405.88	177.73
Currency Exchange Gain (Loss)	-	1,007	1,005	-334.39	-341.7
Other Non Operating Income (Expenses)	-870.02	-176.77	-10.58	-22.31	57.14
EBT Excluding Unusual Items	-71.38	8,673	2,626	1,456	1,332
Gain (Loss) on Sale of Investments	-	20.68	5.73	70.87	135.31
Gain (Loss) on Sale of Assets	-	-113.76	-394.65	-352.09	-427.49
Asset Writedown	-	-642.64	-227.7	-150.31	-20.39
Legal Settlements	-	-159.57	-	-30.46	-
Other Unusual Items	-	916.56	1,118	365.94	162.23
Pretax Income	-71.38	8,694	3,127	1,360	1,182
Income Tax Expense	-161.92	1,253	188.37	218.56	139.12
Earnings From Continuing Operations	90.54	7,440	2,939	1,141	1,043
Minority Interest in Earnings	-	-	-	0.05	-0.96
Net Income	90.54	7,440	2,939	1,141	1,042
Net Income to Common	90.54	7,440	2,939	1,141	1,042
Net Income Growth	-98.78%	153.20%	157.46%	9.59%	-24.57%
Shares Outstanding (Basic)	9,054	10,055	9,795	8,153	5,786
Shares Outstanding (Diluted)	9,054	10,192	10,884	8,153	5,786
Shares Change (YoY)	-11.17%	-6.35%	33.50%	40.90%	-
EPS (Basic)	0.01	0.74	0.30	0.14	0.18
EPS (Diluted)	0.01	0.73	0.27	0.14	0.18
EPS Growth	-98.63%	170.37%	92.86%	-22.22%	-
Free Cash Flow	-	4,458	-10,821	-5,939	-1,496
Free Cash Flow Per Share	-	0.44	-0.99	-0.73	-0.26
Dividend Per Share	-	0.224	0.089	0.023	-
Dividend Growth	-	151.69%	286.96%	-	-
Gross Margin	0.86%	13.49%	9.69%	12.23%	14.13%
Operating Margin	0.86%	7.32%	2.89%	5.54%	6.35%
Profit Margin	0.10%	6.27%	3.55%	2.81%	3.09%
Free Cash Flow Margin	-	3.76%	-13.09%	-14.64%	-4.44%
EBITDA	8,406	16,295	5,161	3,855	3,443
EBITDA Margin	9.08%	13.73%	6.24%	9.50%	10.23%
D&A For EBITDA	7,607	7,607	2,770	1,606	1,307
EBIT	798.65	8,688	2,391	2,249	2,136
EBIT Margin	0.86%	7.32%	2.89%	5.54%	6.35%
Effective Tax Rate	-	14.42%	6.02%	16.07%	11.77%
Revenue as Reported	-	118,682	82,676	40,570	33,660

Source: S&P Capital IQ. Standard template. Financial Sources.