JinkoSolar: Estimated net loss of 4.5 to 4.8 billion yuan in 2025.

JinkoSolar announced that it expects its net profit for the fiscal year 2025 to be negative, with a net profit attributable to the company's shareholders of between -45.00 billion yuan and -48.00 billion yuan, and a net profit excluding non-recurring gains and losses of between -48.00 billion yuan and -51.00 billion yuan. The main reasons for the performance change are the imbalance of supply and demand caused by the release of production capacity in the photovoltaic industry chain, intensified competition, declining product prices, and the impact of international trade protection policies, leading to a decrease in component sales prices and profitability. However, the company's battery module shipment volume still leads the industry, and it plans to strengthen operations, control costs, and enhance competitiveness in the future.