JinkoSolar's principal operating unit sees up to 135.7% rise in 9-mo profit
JinkoSolar energy storage solution.
Image by JinkoSolar.
The principal operating subsidiary of Chinese solar module maker JinkoSolar Holding Co Ltd (NYSE:JKS) today posted some preliminary results for the nine months through September 2022, showing an year-on-year jump in the bottom line of up to 135.7%.
Jinko Solar Co Ltd (SHA:688223), also known as Jiangxi Jinko, expects to report an unaudited net income attributable to its shareholders in the range of CNY 1.65 billion (USD 228m/EUR 233m) to CNY 1.70 billion, representing a year-on-year surge of between 128.77% to 135.70%.
Excluding extraordinary gains and losses, the figure is seen at CNY 1.50 billion-1.55 billion, corresponding to a jump of 412.20% to 429.27%.
Jiangxi Jinko completed its initial public offering (IPO) in Shanghai at the start of the year, raising gross proceeds of CNY 10 billion.