JinkoSolar Holding Co., Ltd. (JKS) shares plummeted 7.51% in pre-market trading on Tuesday.

The sharp decline follows the company's release of its 2025 performance forecast, which revealed its first annual net loss since 2013. The loss, attributed to severe overcapacity in the photovoltaic industry, a dramatic plunge in module prices, and related asset impairments, has significantly impacted investor sentiment.

Despite the historic loss, the company noted some positive operational signs in late 2025, including a quarter-on-quarter return to positive gross margin and improved cash flow, as it accelerates technology upgrades and focuses on higher-margin products.