JinkoSolar Holding Co., Ltd. (NYSE: JKS) saw its shares drop sharply by 5.07% during intraday trading following the announcement of a significant projected net loss by its majority-owned subsidiary, Jiangxi Jinko.
The subsidiary estimated a preliminary unaudited net loss attributable to shareholders in the range of RMB5.9 billion to RMB6.9 billion ($847.25-990.85 million) for the full year 2025. This news has raised concerns among investors about JinkoSolar's financial performance and future profitability, leading to the sell-off.
JinkoSolar holds approximately 55.59% equity interest in Jiangxi Jinko, making the subsidiary's financial health a critical factor for the parent company's valuation. The loss projection reflects potential challenges in the solar module manufacturing sector or operational inefficiencies.