Friday 6 November 2026
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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
10.98
0.69
+6.71%
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| Dec '19 | Jan '20 | Dec '20 | Jan '21 | Dec '21 | Jan '22 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | — | 5 | — | 3 | — | 4 | 7 | 4 | 3 |
P/E ratio |
7.65 | 8.11 | 95.18 | 98.57 | 19.56 | 19.73 | 22.82 | 3.69 | 276.67 | 0.00 |
Altman Z-Score |
0.98 | 1.11 | 1.21 | 0.96 | 0.85 | 1.08 | 1.00 | 1.21 | 0.95 | 0.54 |
P/S ratio |
0.22 | 0.24 | 0.51 | 0.53 | 0.34 | 0.35 | 0.17 | 0.11 | 0.10 | 0.14 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
0.94 | 1.28 | 1.13 | 0.67 | 0.58 | 0.70 | 0.77 | 0.96 | 1.17 | 0.64 |
Beneish M-Score |
(2.70) | — | (2.48) | — | (2.09) | — | (1.34) | (2.42) | (3.28) | (0.40) |
P/Operating CF |
4.70 | 4.98 | 8.17 | 8.46 | 6.47 | 32.71 | 6.04 | 5.36 | 0.56 | 8.69 |
P/B ratio |
0.53 | 0.56 | 1.39 | 1.44 | 0.98 | 0.99 | 0.52 | 0.38 | 0.29 | 0.36 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 0 |
Price to Tangible BV |
0.53 | 0.57 | 1.39 | 1.44 | 0.98 | 0.99 | 0.52 | 0.39 | 0.29 | 0.37 |
EV/Sales |
0.44 | 0.46 | 0.36 | 0.38 | 0.80 | 0.80 | 0.25 | 0.02 | 0.13 | 0.17 |
EV/EBITDA |
7.63 | 7.86 | 5.84 | 6.13 | 29.50 | 29.62 | 48.85 | 0.35 | 0.00 | 0.00 |
EV/Operating CF |
370.99 | 382.18 | 5.10 | 5.36 | 14.14 | 14.20 | (4.45) | 0.20 | 0.61 | 0.64 |
EV/FCF |
(1.33) | (1.37) | (1.89) | (1.99) | (2.48) | (2.49) | (0.70) | (0.08) | (0.41) | (0.55) |
Quick Ratio |
0.61 | 0.75 | 0.65 | 0.65 | 0.57 | 0.72 | 0.57 | 0.63 | 0.84 | 0.80 |
Current Ratio |
1.01 | 1.08 | 1.08 | 1.00 | 1.00 | 1.05 | 1.05 | 1.02 | 1.26 | 1.25 |
Net Debt/EBITDA |
(3.74) | 4.12 | (1.69) | 0.00 | (2.43) | 7.52 | 2.15 | (0.75) | 0.45 | (14.38) |
Debt/Assets |
6.06% | 51.88% | 18.27% | 0.00% | 15.39% | 43.97% | 25.02% | 12.37% | 26.94% | 35.54% |
Debt/Equity |
0.23 | 2.77 | 0.75 | 0.00 | 0.79 | 2.92 | 1.01 | 0.50 | 1.03 | 1.65 |
Asset Turnover |
0.71 | 0.00 | 0.72 | 0.00 | 0.65 | 0.00 | 0.89 | 0.96 | 0.70 | 0.54 |
Operating CF/Net income |
1.57 | 2.67 | 2.57 | 0.63 | 0.60 | (9.36) | (9.35) | 4.01 | 308.91 | (0.24) |
Capex/Depreciation |
(3.10) | 0.00 | (2.91) | 0.00 | (4.77) | 0.00 | (4.20) | (1.88) | (1.16) | (0.39) |
Interest Coverage |
4.42 | 17.74 | 3.89 | 12.91 | 1.77 | 2.74 | 0.40 | 5.20 | (2.93) | (6.55) |
| 8.56% | 0.00% | 1.87% | 0.00% | 5.35% | 0.00% | 2.92% | 11.24% | 0.16% | (15.50%) | |
| 2.14% | 0.00% | 0.47% | 0.00% | 1.15% | 0.00% | 0.66% | 2.78% | 0.04% | (3.69%) | |
ROIC |
49.63% | 0.00% | 14.55% | 0.00% | 9.59% | 0.00% | 0.79% | 16.73% | (6.02%) | (14.42%) |
Return on Tangible Assets |
8.46% | 1.23% | 1.54% | 3.11% | 3.60% | 1.69% | 1.74% | 7.99% | 0.09% | (8.82%) |
Average Days of Receivables |
72.32 | 91.29 | 53.53 | 101.49 | 67.87 | 112.80 | 74.46 | 71.01 | 56.10 | 76.05 |
Research and Development Expense of Revenue |
1.09% | 1.10% | 1.11% | 1.14% | 1.13% | 0.87% | 0.87% | 0.77% | 1.00% | 1.37% |
Selling, General and Administrative Expense of Revenue |
11.13% | 11.06% | 11.05% | 11.80% | 11.81% | 12.94% | 12.93% | 9.61% | 12.18% | 11.84% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.02% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 1.20% | 0.73% | 0.40% | 0.34% |
Graham Net Nets |
(0.56) | (0.53) | (0.36) | (0.35) | (0.94) | (0.94) | (0.95) | (1.50) | (2.46) | (2.78) |
Graham Number |
52.84 | 0.00 | 25.51 | 21.57 | 49.87 | 56.03 | 56.75 | 139.36 | 13.19 | 0.00 |
Earnings Yield |
13.07% | 12.33% | 1.05% | 1.01% | 5.11% | 5.07% | 4.38% | 27.13% | 0.36% | (46.45%) |
Free Cash Flow Yield |
(149.63%) | (141.15%) | (37.25%) | (35.97%) | (94.03%) | (93.20%) | (211.83%) | (218.36%) | (295.89%) | (221.18%) |
Revenue per Share |
100.91 | 113.11 | 120.35 | 131.88 | 134.40 | 246.90 | 243.48 | 321.91 | 242.35 | 179.76 |
Operating CF per Share |
4.79 | 1.95 | 2.03 | 1.47 | 1.42 | (17.23) | (16.99) | 37.50 | 44.26 | 2.97 |
Capex per Share |
(10.65) | 0.00 | (13.64) | 0.00 | (28.53) | 0.00 | (33.92) | (41.71) | (23.76) | (8.52) |
Free Cash Flow per Share |
(5.86) | 1.95 | (11.61) | 1.47 | (27.11) | (17.23) | (50.91) | (4.21) | 20.50 | (5.55) |
Cash per Share |
44.65 | 51.13 | 51.54 | 59.94 | 60.36 | 58.46 | 59.52 | 74.81 | 83.11 | 83.50 |
Shareholders Equity per Share |
42.21 | 33.93 | 44.51 | 36.13 | 47.03 | 47.00 | 79.09 | 90.96 | 85.90 | 71.43 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
42.21 | 33.93 | 44.51 | 36.13 | 47.03 | 47.00 | 79.09 | 90.96 | 85.90 | 71.43 |
Free Cash Flow |
(248.27) | 87.95 | (519.45) | 70.37 | (1,292.25) | (861.45) | (2,519.92) | (218.69) | 1,069.13 | (289.21) |
Working Capital |
59.04 | 377.00 | 377.83 | 10.00 | 10.14 | 488.00 | 491.67 | 265.44 | 1,970.19 | 1,969.08 |
Capital Expenditures |
(450.90) | (600.67) | (610.10) | (1,346.82) | (1,359.83) | (1,825.70) | (1,678.88) | (2,166.06) | (1,239.36) | (443.92) |
Net Current Asset Value |
(533.69) | (1,003.00) | (1,005.28) | (2,067.00) | (2,067.00) | (1,918.00) | (1,932.81) | (2,725.74) | (3,194.17) | (3,744.28) |
EV/EBIT |
7.63 | 7.86 | 7.14 | 7.50 | 29.50 | 29.62 | 48.85 | 0.35 | 0.00 | 0.00 |
Capex to Sales |
0.11 | 0.00 | 0.11 | 0.00 | 0.21 | 0.00 | 0.14 | 0.13 | 0.10 | 0.05 |
Price to Operating Income |
3.83 | 4.06 | 10.12 | 10.48 | 12.66 | 12.78 | 32.86 | 2.12 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.10 | 0.09 | 0.11 | 0.08 | 0.09 | 0.08 | 0.09 | 0.20 | 0.17 | 0.22 |
Cash ROIC |
(6.06%) | 1.09% | (8.98%) | 0.00% | (18.78%) | (7.09%) | (23.33%) | (1.99%) | 7.97% | (2.03%) |
Accounts Receivable Turnover |
4.90 | 0.00 | 6.58 | 0.00 | 6.47 | 0.00 | 6.60 | 5.85 | 4.87 | 4.81 |
Accounts Payable Turnover |
4.68 | 0.00 | 6.35 | 0.00 | 6.12 | 0.00 | 7.98 | 7.62 | 6.10 | 5.28 |
Inventory Turnover |
4.18 | 0.00 | 4.19 | 0.00 | 3.19 | 0.00 | 4.46 | 5.51 | 5.26 | 4.84 |
Average Days of Payables |
74.89 | 59.25 | 56.10 | 73.65 | 72.81 | 51.79 | 53.47 | 56.69 | 49.02 | 78.07 |
Days of Inventory on Hand |
87.35 | 124.77 | 105.59 | 159.83 | 141.57 | 103.69 | 89.90 | 66.73 | 55.55 | 82.50 |
Average Receivables |
872.77 | 1,059.77 | 818.06 | 1,274.79 | 990.42 | 2,503.13 | 1,824.92 | 2,855.31 | 2,597.40 | 1,947.07 |
Average Payables |
745.76 | 698.81 | 699.35 | 875.54 | 875.81 | 1,281.27 | 1,287.11 | 1,842.16 | 1,845.96 | 1,736.22 |
Average Inventory |
835.57 | 1,134.91 | 1,059.82 | 1,801.91 | 1,681.70 | 2,534.29 | 2,304.82 | 2,547.83 | 2,139.69 | 1,892.54 |
Average Assets |
6,043.55 | 7,506.23 | 7,515.34 | 9,804.61 | 9,805.46 | 13,541.85 | 13,603.62 | 17,443.03 | 18,120.03 | 17,207.37 |
Average Common Equity |
1,508.31 | 1,657.02 | 1,888.98 | 1,862.46 | 2,116.45 | 2,295.99 | 3,078.59 | 4,319.19 | 4,601.54 | 4,100.76 |
Columns are period end dates · fundamentals updated 25 Oct 2026