JinkoSolar Holding Co., Ltd. (JKS)

JinkoSolar Holding Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-7,111	13.49	6,453	1,565	955.57
Depreciation & Amortization	8,030	7,818	8,189	2,760	1,802
Stock-Based Compensation	225.73	365.75	862.64	1,001	9.88
Other Adjustments	3,892	2,363	1,466	1,100	1,464
Change in Receivables	-1,114	8,649	-4,190	-14,016	-3,907
Changes in Inventories	-5,368	2,395	-3,835	-6,053	-5,699
Changes in Accounts Payable	2,863	-4,484	5,564	3,573	2,646
Changes in Accrued Expenses	-133.94	-19.77	821.99	795.14	245.74
Changes in Income Taxes Payable	-525.92	-312.54	343.85	522.88	141.14
Changes in Unearned Revenue	-	-	-	-	200
Changes in Other Operating Activities	323.4	62.01	-1,849	2,951	2,572
Operating Cash Flow	1,082	16,850	13,826	-5,801	430.65
Operating Cash Flow Growth	-93.58%	21.87%	-	-	-27.19%
Capital Expenditures	-3,186	-9,093	-15,652	-12,251	-8,654
Sale of Property, Plant & Equipment	195.96	322.6	471.57	714.18	20.46
Purchases of Intangible Assets	-114.58	-275.82	-198.68	-42.42	-32.26
Purchases of Investments	-7,787	-9,764	-18,138	-10,564	-15,540
Proceeds from Sale of Investments	5,159	14,777	18,321	9,986	12,896
Payments for Business Acquisitions	-	-36.6	36.4	-	-
Proceeds from Business Divestments	226.59	1,162	-	-91.33	-
Other Investing Activities	128.45	5.75	-	-23.46	-
Investing Cash Flow	-5,377	-2,902	-15,160	-12,272	-11,309
Short-Term Debt Issued	13,746	10,682	25,471	38,215	35,317
Short-Term Debt Repaid	-13,754	-22,751	-20,822	-27,624	-24,280
Net Short-Term Debt Issued (Repaid)	-7.45	-12,070	4,649	10,591	11,036
Long-Term Debt Issued	1,756	6,078	5,557	-	-
Net Long-Term Debt Issued (Repaid)	1,756	6,078	5,557	-	-
Issuance of Common Stock	-	3.69	45.29	5.02	651.25
Repurchase of Common Stock	-3.97	-874.96	-379.37	-	-
Net Common Stock Issued (Repurchased)	-3.97	-871.27	-334.08	5.02	651.25
Common Dividends Paid	-486.83	-1,469	-927.87	-95.17	-
Other Financing Activities	-1,950	1,987	-302.43	9,518	330.51
Financing Cash Flow	-758.71	-6,268	8,641	20,019	12,018
Effect of Exchange Rate Changes on Cash and Cash Equivalents	254.61	630.89	848.97	227.96	-116.79
Net Cash Flow	-4,800	8,311	8,156	2,174	1,022
Free Cash Flow	-2,104	7,757	-1,826	-18,052	-8,223
FCF Margin	-3.21%	8.41%	-1.54%	-21.72%	-20.14%
Free Cash Flow Per Share	-40.38	147.77	-32.30	-360.31	-159.89
Levered Free Cash Flow	-693.48	-9,571	7,236	3,509	5,011
Unlevered Free Cash Flow	-4,748	-6,085	-1,349	-7,405	-5,840

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q