Despite the financial headwinds, the company solidified its market position by becoming the first manufacturer to deliver over 420 GW of solar modules globally. Cumulative shipments of its high-efficiency N-type Tiger Neo series exceeded 250 GW, underscoring a strategic shift toward premium products. CEO Dimi Du noted that while supply chain volatility continues to impact bottom-line profitability, the company is actively optimizing its order book and geographic mix to counter low-value market segments.
JinkoSolar Reports Second Quarter Loss Amid Industry Pricing Pressure
JinkoSolar Holding Co., Ltd. reported a net loss of RMB 697.3 million for the second quarter of 2026, as the solar industry grapples with falling module prices and elevated production costs. While shipments reached 15.96 GW, the company's gross profit margin narrowed significantly to 4.2% compared to 8.3% in the previous quarter.
Operational results were bolstered by strategic divestments, including the sale of a majority interest in Jinko Solar (U.S.) Industries Inc., which generated a pre-tax gain of approximately RMB 236.6 million. Looking toward the second half of 2026, JinkoSolar has adjusted its annual shipment guidance to a range of 60 GW to 70 GW. The company remains focused on scaling its TOPCon 3.0 production capacity to 40 GW, banking on the growing demand for high-efficiency modules ahead of new mandatory energy standards taking effect in January 2027.
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