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Jinko Holdings Limited - Unsponsored ADR

JKS Technology Solar

Jinko Holdings Limited - Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $9.4 billion, down 25.9% from fiscal 2024.

Revenue
−27.5%
EPS
+17.5%
Free cash flow
+78.7%
Total debt
−20.4%

Quarter to June 2026, against a year earlier

11.17 0.88 +8.55%
Market cap
$517.2M
P/E
0.0×
Fwd P/E
−3.2×
Dividend yield
14.5%
F-score
3/9
Altman Z
0.54
Beneish M
−0.40
Dividend safety
0/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.05
Sold, $m 33.41
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — — — — —
Sell — — — — — 3 1 — — — — —
Insider Ownership 4.92%

Capital & Financial Ratios $m

Size
Market Cap 517.18
Revenue ttm 8,544.13
Net income ttm (1,016.81)
Free cash flow ttm (2,974.37)
Net debt Q 307.28
Valuation
P/E 0.00
Forward P/E (3.20) (negative: loss-making)
Price / sales 0.06
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.15
Financial health
Current ratio Q 1.13
Debt / equity Q 1.10
Interest coverage Q (3.71)
Growth
Revenue growth Q −27.48% (below 0%: shrinking)
Operating income growth Q −10.00% (below 0%: shrinking)
EPS, this year +48.00% (at or above 15%: strong)
EPS, next year A +66.84% (at or above 15%: strong)
Revenue, next year A +2.57%
EPS, past 5 yrs —
EPS, next 5 yrs A +15.01% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.1×, against a ten-year median of 0.1×; over the ten years it ranged from −0.1× in 2019 to 0.9× in 2021.
P/S against its own 10 years 1.94%
10-year low 10-year high
P/B against its own 10 years 1.17%
10-year low 10-year high
EV/Sales against its own 10 years 25.71%
10-year low 10-year high

Dividends

Yield
14.5%
Annual rate
1.50
Payout ratio
—
Growth, 2023–25
−100.0%/yr
  1. 1.50 ’23
  2. 0.00 ’24 −100
  3. 0.00 ’25
  4. 0.10 ’26e
paid forecast change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,884 4,335 4,351 3,789
Receivables 3,252 1,943 1,951 1,873
Inventory 2,566 1,714 2,071 2,428
Other 925 371 239 214
11,683 9,434 9,840 9,393
2023 2024 2025 Q'26
Payables 2,180 1,512 1,960 1,968
ST’ Debt 110 — 1,524 —
Other 1,142 700 760 934
11,417 7,464 7,871 8,298

Compound Annual Growth %

10y 5y 3y
Sales 14.20% 11.71% (8.06%)
Cash Flow (2.86%) 11.28% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 18.67% 13.33% (1.68%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate −1.14 Actual −0.03

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 −2.56 −1.00 Beat by 1.56
Mar 2026 −1.59 −1.52 Beat by 0.07
Jun 2026 −0.75 −2.53 Miss by 1.78
Sep 2026 −1.14 −0.03 Beat by 1.11
Dec 2026 −1.26 — Reports 15 April 2027

EPS $

Mar Jun Sep Dec Year
’26 (1.28) (1.94) — — —
’25 (3.53) (2.35) (2.01) (4.10) (12.20)
’24 0.74 (0.29) 0.06 (1.26) (0.69)
’23 2.18 3.06 2.53 0.08 8.58
’22 0.10 (1.88) 0.90 0.85 1.93
’21 0.80 0.21 0.59 0.65 1.26
’20 0.84 0.93 (0.91) (0.98) (0.83)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,776 1,821 — — —
’25 1,908 2,511 2,270 2,677 9,366
’24 3,192 3,310 3,492 2,645 12,639
’23 3,397 4,232 4,363 4,724 16,716
’22 2,329 2,813 2,744 4,166 12,052
’21 1,212 1,228 1,330 2,637 6,407
’20 1,198 1,196 1,292 1,698 5,384
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 155 155
’24 — — — 2,308 2,308
’23 — — — — 1,947
’22 — — — — (841)
’21 — — — — 68
’20 — — (248) 339 91
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — (289) (289)
’24 — — — 1,069 1,069
’23 — — — (2,166) (219)
’22 — — — (1,679) (2,520)
’22 — — — — (861)
’21 — — — (1,360) (1,292)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,082 4,069 3,642 4,273 5,384 6,407 12,052 16,716 12,639 9,366 8,544 +13.1% 9,607 12,077 13,529 +13.0%
Gross margin, % 18.08 11.30 14.03 18.26 17.57 16.31 14.77 16.05 10.90 2.15 4.68 (15.9) pt
EBT 180 23 59 180 87 171 287 1,055 36 (1,313) (1,080) n/m
EBT margin, % 5.83 0.56 1.63 4.21 1.61 2.67 2.38 6.31 0.28 (14.02) (12.64) (19.8) pt
Net income 287 22 59 133 51 150 227 909 2 (1,017) (1,017) n/m
Per share, $
Per share, $ Revenue 97.95 126.22 94.72 100.91 120.35 134.40 243.48 321.91 242.35 179.76 161.64 +7.0%
Earnings 8.36 0.68 1.52 3.05 0.79 2.37 1.95 9.35 0.15 (12.20) (9.33) n/m
Cash flow (8.25) (0.84) 2.32 4.79 2.03 1.42 (16.99) 37.50 44.26 2.97 0.00 n/m
Capex (9.36) (10.29) (9.17) (10.65) (13.64) (28.53) (33.92) (41.71) (23.76) (8.52) 0.00 (1.0%)
Free cash flow (17.61) (11.14) (6.85) (5.86) (11.61) (27.11) (50.91) (4.21) 20.50 (5.55) 0.00 (12.0%)
Book value 29.57 31.89 31.98 42.21 44.51 47.03 79.09 90.96 85.90 71.43 70.52 +10.3%
Shares, m 31 32 38 42 45 48 50 52 52 52 52 +5.8%
Valuation, ×
Valuation, × P/E 1.83 39.16 6.36 7.65 95.18 19.56 22.82 3.69 276.67 0.00 0.00 47.3
P/S 0.16 0.20 0.10 0.22 0.51 0.34 0.17 0.11 0.10 0.14 0.06 0.2
P/B 0.53 0.79 0.31 0.53 1.39 0.98 0.52 0.38 0.29 0.36 0.15 0.6
EV/Sales (0.09) 0.03 (0.09) 0.44 0.36 0.80 0.25 0.02 0.13 0.17 0.10 0.2
EV/FCF 0.54 (0.15) 0.31 (1.33) (1.89) (2.48) (0.70) (0.08) (0.41) (0.55) (0.29) (0.7)
Cash, $m
Cash, $m Operating cash flow (260) (27) 89 203 91 68 (841) 1,947 2,308 155 2,554 n/m
Capex (294) (332) (353) (451) (610) (1,360) (1,679) (2,166) (1,239) (444) (5,528) +4.7%
Free cash flow (554) (359) (263) (248) (519) (1,292) (2,520) (219) 1,069 (289) (2,974) (7.0%)
Balance, $m
Balance, $m Working capital 192 (54) (187) 59 378 10 492 265 1,970 1,969 1,094 +29.5%
Net debt (765) (735) (720) (1,474) (816) (1,115) 995 (1,517) 274 1,799 307 n/m
Shareholders’ equity 930 1,028 1,230 1,787 1,991 2,242 3,915 4,723 4,480 3,722 3,727 +16.7%
Returns, %
Returns, % ROA 6.62 0.53 1.23 2.14 0.47 1.15 0.66 2.78 0.04 (3.69) (2.91) (10.3) pt
ROIC 73.52 10.68 11.50 49.63 14.55 9.59 0.79 16.73 (6.02) (14.42) (15.23) (87.9) pt
ROE 32.84 2.22 5.24 8.56 1.87 5.35 2.92 11.24 0.16 (15.50) 0.00 (48.3) pt
People
People Employees 16,920 12,696 12,565 15,195 24,361 31,030 46,511 57,397 33,830 26,409 — +5.1%
Revenue/emp, $m 0.18 0.32 0.29 0.28 0.22 0.21 0.26 0.29 0.37 0.35 — +7.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Jinko Holdings Limited - Unsponsored ADR vs peers in Solar (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RUN Sunrun Inc. $2.4B 4.4× 5.4× +51.75% (above 0%: growing) +814.29% (above 0%: growing) +134.84% (above 0%: growing) 0.00% 13.96% Compare
SEDG SolarEdge Technologies, Inc. $1.6B — (loss-making) — (loss-making) −4.15% (below 0%: shrinking) n/m −84.40% (below 0%: shrinking) 33.19% (0.58%) Compare
SHLS Shoals Technologies Group, Inc. $1.5B 40.0× 28.7× +43.82% (above 0%: growing) +51.57% (above 0%: growing) +190.08% (above 0%: growing) 31.95% 14.83% Compare
ARRY Array Technologies, Inc. $816.2M — (loss-making) 18.1× −5.57% (below 0%: shrinking) −73.68% (below 0%: shrinking) +205.42% (above 0%: growing) 29.12% 10.16% Compare
DQ DAQO New Energy Corp. $803.9M — (loss-making) — (loss-making) −20.62% (below 0%: shrinking) n/m +35.96% (above 0%: growing) (31.20%) (40.50%) Compare
JKS Jinko Holdings Limited - Unsponsored ADR $517.2M — (loss-making) — (loss-making) −27.48% (below 0%: shrinking) n/m +78.73% (above 0%: growing) 4.15% (11.62%)
TOYO TOYO Co., Ltd. $211.9M 4.3× 2.4× — +666.67% (above 0%: growing) +139.07% (above 0%: growing) 31.28% 19.08% Compare
SPWR CSLM Acquisition Corp. $78.6M — (loss-making) — (loss-making) −17.03% (below 0%: shrinking) n/m −499.66% (below 0%: shrinking) 45.50% (42.76%) Compare
TYGO Tigo Energy, Inc. $55.4M 4.9× — (loss-making) −21.47% (below 0%: shrinking) n/m +28.01% (above 0%: growing) 46.16% (0.32%) Compare
Median of peers $810.1M 4.6× 11.7× −5.57% +359.12% +85.40% 31.62% 4.92%

All 24 Solar stocks →

Jinko Holdings Limited - Unsponsored ADR (JKS) Latest News

1 Nov

Impact 3 · · The Motley Fool
Impact 3 · · Simply Wall St.

31 Oct

Impact 3 · · The Motley Fool transcript

30 Oct

Impact 3 · · MarketBeat transcript
Impact 3 · · Zacks
Impact 3 · · PR Newswire

28 Oct

Impact 4 · · Simply Wall St.

23 Oct

Impact 3 · · PR Newswire
Impact 3 · · PR Newswire

21 Oct

Impact 3 · · PR Newswire

17 Oct

Impact 4 · · PR Newswire

16 Oct

Impact 3 · · PR Newswire

30 Sep

Impact 3 · · Zacks

9 Sep

Impact 3 ·

3 Sep

Impact 3 ·

2 Sep

Impact 4 · · The Motley Fool transcript

26 Aug

Impact 4 ·
Impact 3 · transcript
Impact 3 · · MarketBeat
Impact 3 · · InvestorsHub
Impact 3 ·

25 Jun

Impact 3 · · PR Newswire

19 May

Impact 4 · · CNW Group
Impact 3 · · PR Newswire

13 May

Impact 4 · · energymonitor.ai

12 May

Impact 4 · · PR Newswire
Impact 4 · · CNW Group

11 May

Impact 4 · · power-technology.com

8 May

Impact 4 · · Business Wire

3 May

Impact 4 · · Simply Wall St.
stockrow.com/JKS · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com