
JinkoSolar Holding Co Ltd
NYSE:JKS

Income Statement
Earnings Waterfall
JinkoSolar Holding Co Ltd
Revenue
|
118.7B
CNY
|
Cost of Revenue
|
-99.6B
CNY
|
Gross Profit
|
19B
CNY
|
Operating Expenses
|
-12.3B
CNY
|
Operating Income
|
6.7B
CNY
|
Other Expenses
|
-3.3B
CNY
|
Net Income
|
3.4B
CNY
|
Income Statement
JinkoSolar Holding Co Ltd
Jun-2013 | Sep-2013 | Dec-2013 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
5 425
N/A
|
6 058
+12%
|
7 079
+17%
|
4 750
-33%
|
9 741
+105%
|
8 044
-17%
|
11 245
+40%
|
12 736
+13%
|
15 454
+21%
|
17 986
+16%
|
20 452
+14%
|
21 731
+6%
|
21 401
-2%
|
21 050
-2%
|
23 307
+11%
|
24 395
+5%
|
26 473
+9%
|
25 263
-5%
|
23 399
-7%
|
23 675
+1%
|
25 043
+6%
|
26 298
+5%
|
27 150
+3%
|
27 937
+3%
|
29 746
+6%
|
32 408
+9%
|
33 946
+5%
|
35 234
+4%
|
35 129
0%
|
34 586
-2%
|
34 064
-2%
|
33 863
-1%
|
40 827
+21%
|
47 651
+17%
|
73 328
+54%
|
84 278
+15%
|
83 529
-1%
|
106 858
+28%
|
103 937
-3%
|
116 252
+12%
|
118 679
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 845)
|
(5 118)
|
(5 642)
|
(3 680)
|
(7 644)
|
(6 422)
|
(8 959)
|
(10 114)
|
(12 523)
|
(14 529)
|
(16 630)
|
(17 747)
|
(17 531)
|
(18 113)
|
(20 564)
|
(21 906)
|
(23 481)
|
(22 264)
|
(20 508)
|
(20 558)
|
(21 529)
|
(22 476)
|
(22 912)
|
(23 103)
|
(24 315)
|
(26 284)
|
(27 452)
|
(28 840)
|
(28 958)
|
(28 713)
|
(28 344)
|
(28 343)
|
(34 169)
|
(40 125)
|
(62 163)
|
(71 337)
|
(71 182)
|
(90 470)
|
(87 765)
|
(97 019)
|
(99 631)
|
|
Gross Profit |
581
N/A
|
941
+62%
|
1 437
+53%
|
1 069
-26%
|
2 097
+96%
|
1 622
-23%
|
2 286
+41%
|
2 622
+15%
|
2 931
+12%
|
3 458
+18%
|
3 823
+11%
|
3 984
+4%
|
3 869
-3%
|
2 937
-24%
|
2 743
-7%
|
2 490
-9%
|
2 992
+20%
|
2 999
+0%
|
2 891
-4%
|
3 117
+8%
|
3 514
+13%
|
3 822
+9%
|
4 238
+11%
|
4 834
+14%
|
5 432
+12%
|
6 124
+13%
|
6 493
+6%
|
6 394
-2%
|
6 172
-3%
|
5 873
-5%
|
5 719
-3%
|
5 520
-3%
|
6 658
+21%
|
7 526
+13%
|
11 165
+48%
|
12 941
+16%
|
12 347
-5%
|
16 388
+33%
|
16 172
-1%
|
19 233
+19%
|
19 048
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 287)
|
(1 291)
|
(788)
|
(567)
|
(1 247)
|
(998)
|
(1 430)
|
(1 622)
|
(1 810)
|
(2 037)
|
(2 231)
|
(2 339)
|
(2 395)
|
(2 403)
|
(2 412)
|
(2 504)
|
(2 666)
|
(2 605)
|
(2 474)
|
(2 603)
|
(2 854)
|
(3 052)
|
(3 317)
|
(3 462)
|
(3 634)
|
(3 830)
|
(4 073)
|
(4 066)
|
(4 273)
|
(4 434)
|
(4 359)
|
(4 595)
|
(5 282)
|
(6 382)
|
(10 469)
|
(12 290)
|
(11 512)
|
(14 715)
|
(11 943)
|
(12 052)
|
(12 315)
|
|
Selling, General & Administrative |
(1 064)
|
(1 072)
|
(723)
|
(511)
|
(1 138)
|
(909)
|
(1 296)
|
(1 471)
|
(1 666)
|
(1 880)
|
(2 070)
|
(2 176)
|
(2 213)
|
(2 077)
|
(2 176)
|
(2 235)
|
(2 372)
|
(2 287)
|
(2 148)
|
(2 248)
|
(2 488)
|
(2 694)
|
(2 968)
|
(3 135)
|
(3 309)
|
(3 511)
|
(3 704)
|
(3 674)
|
(3 883)
|
(4 010)
|
(3 894)
|
(4 110)
|
(4 820)
|
(5 882)
|
(9 790)
|
(11 534)
|
(10 787)
|
(13 428)
|
(11 099)
|
(11 191)
|
(11 403)
|
|
Research & Development |
(60)
|
(56)
|
(66)
|
(53)
|
(107)
|
(86)
|
(126)
|
(142)
|
(144)
|
(157)
|
(161)
|
(163)
|
(181)
|
(205)
|
(235)
|
(268)
|
(294)
|
(318)
|
(326)
|
(356)
|
(367)
|
(358)
|
(349)
|
(327)
|
(324)
|
(319)
|
(320)
|
(344)
|
(389)
|
(424)
|
(465)
|
(484)
|
(462)
|
(499)
|
(679)
|
(756)
|
(725)
|
(913)
|
(844)
|
(861)
|
(912)
|
|
Other Operating Expenses |
(163)
|
(163)
|
0
|
(4)
|
(3)
|
(3)
|
(9)
|
(8)
|
0
|
0
|
0
|
0
|
(1)
|
(121)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(49)
|
(49)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(374)
|
0
|
0
|
0
|
|
Operating Income |
(706)
N/A
|
(350)
+50%
|
649
N/A
|
502
-23%
|
850
+69%
|
625
-27%
|
856
+37%
|
1 000
+17%
|
1 122
+12%
|
1 421
+27%
|
1 592
+12%
|
1 645
+3%
|
1 475
-10%
|
533
-64%
|
331
-38%
|
(14)
N/A
|
326
N/A
|
393
+21%
|
417
+6%
|
513
+23%
|
660
+29%
|
770
+17%
|
921
+20%
|
1 372
+49%
|
1 798
+31%
|
2 295
+28%
|
2 421
+5%
|
2 328
-4%
|
1 899
-18%
|
1 439
-24%
|
1 361
-5%
|
926
-32%
|
1 376
+49%
|
1 144
-17%
|
696
-39%
|
651
-7%
|
835
+28%
|
1 673
+100%
|
4 229
+153%
|
7 181
+70%
|
6 733
-6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(349)
|
(454)
|
(426)
|
(193)
|
(303)
|
(156)
|
(271)
|
(334)
|
(358)
|
(318)
|
(212)
|
(171)
|
(284)
|
(50)
|
(173)
|
(160)
|
(384)
|
(477)
|
(392)
|
(244)
|
(306)
|
(340)
|
(457)
|
(660)
|
(561)
|
(600)
|
(525)
|
(871)
|
(1 413)
|
(1 189)
|
(1 461)
|
(926)
|
(480)
|
(666)
|
(900)
|
(307)
|
451
|
501
|
1 894
|
993
|
196
|
|
Non-Reccuring Items |
0
|
0
|
(4)
|
0
|
(6)
|
(6)
|
0
|
0
|
0
|
0
|
(99)
|
(103)
|
(121)
|
0
|
(21)
|
(17)
|
0
|
(9)
|
(24)
|
(24)
|
(24)
|
(15)
|
0
|
0
|
(48)
|
(48)
|
0
|
0
|
(114)
|
(238)
|
(238)
|
(238)
|
(274)
|
(150)
|
(307)
|
(310)
|
(374)
|
0
|
(770)
|
(795)
|
(640)
|
|
Total Other Income |
117
|
106
|
14
|
7
|
21
|
46
|
50
|
90
|
103
|
136
|
172
|
141
|
177
|
210
|
230
|
247
|
208
|
186
|
137
|
123
|
78
|
45
|
32
|
52
|
62
|
53
|
70
|
97
|
194
|
325
|
472
|
474
|
468
|
652
|
1 271
|
1 432
|
1 097
|
1 364
|
933
|
748
|
1 202
|
|
Pre-Tax Income |
(937)
N/A
|
(698)
+26%
|
234
N/A
|
316
+35%
|
563
+78%
|
509
-10%
|
635
+25%
|
756
+19%
|
867
+15%
|
1 239
+43%
|
1 453
+17%
|
1 513
+4%
|
1 248
-18%
|
693
-44%
|
368
-47%
|
55
-85%
|
149
+169%
|
93
-38%
|
139
+50%
|
368
+165%
|
407
+11%
|
460
+13%
|
497
+8%
|
765
+54%
|
1 251
+64%
|
1 700
+36%
|
1 966
+16%
|
1 554
-21%
|
566
-64%
|
338
-40%
|
134
-60%
|
237
+76%
|
1 090
+360%
|
980
-10%
|
760
-22%
|
1 466
+93%
|
2 008
+37%
|
3 537
+76%
|
6 286
+78%
|
8 128
+29%
|
7 490
-8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(18)
|
(19)
|
154
|
135
|
144
|
146
|
(42)
|
(101)
|
(181)
|
(273)
|
(355)
|
(257)
|
(157)
|
(34)
|
77
|
(5)
|
0
|
(22)
|
(79)
|
(4)
|
(3)
|
43
|
(14)
|
(278)
|
(392)
|
(471)
|
(423)
|
(178)
|
(121)
|
(91)
|
(44)
|
(194)
|
(213)
|
(409)
|
(538)
|
(579)
|
(894)
|
(1 046)
|
(1 299)
|
(1 260)
|
|
Income from Continuing Operations |
(939)
|
(716)
|
215
|
469
|
698
|
653
|
781
|
714
|
767
|
1 058
|
1 180
|
1 158
|
990
|
536
|
333
|
133
|
144
|
93
|
117
|
289
|
403
|
457
|
539
|
752
|
973
|
1 308
|
1 495
|
1 132
|
388
|
217
|
43
|
193
|
896
|
767
|
352
|
928
|
1 429
|
2 643
|
5 240
|
6 829
|
6 230
|
|
Income to Minority Interest |
3
|
1
|
(2)
|
(16)
|
(53)
|
(94)
|
(149)
|
(180)
|
(172)
|
(177)
|
(173)
|
(186)
|
(159)
|
(107)
|
(56)
|
3
|
0
|
(1)
|
(1)
|
(1)
|
1
|
2
|
3
|
(2)
|
(26)
|
(40)
|
(68)
|
(114)
|
(105)
|
(140)
|
(214)
|
(164)
|
(235)
|
(261)
|
(513)
|
(760)
|
(958)
|
(1 563)
|
(2 316)
|
(3 070)
|
(3 005)
|
|
Equity Earnings Affiliates |
(19)
|
(22)
|
(26)
|
(9)
|
0
|
(12)
|
(8)
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(7)
|
21
|
26
|
3
|
(16)
|
(73)
|
(106)
|
(49)
|
(127)
|
(94)
|
(41)
|
(53)
|
92
|
88
|
76
|
60
|
23
|
29
|
55
|
194
|
374
|
431
|
369
|
223
|
|
Net Income (Common) |
(955)
N/A
|
(737)
+23%
|
188
N/A
|
445
+137%
|
673
+51%
|
576
-14%
|
653
+13%
|
567
-13%
|
684
+21%
|
946
+38%
|
1 150
+22%
|
1 188
+3%
|
1 827
+54%
|
1 574
-14%
|
1 341
-15%
|
1 119
-17%
|
142
-87%
|
85
-40%
|
136
+61%
|
314
+130%
|
406
+29%
|
443
+9%
|
470
+6%
|
644
+37%
|
899
+40%
|
1 141
+27%
|
1 334
+17%
|
977
-27%
|
230
-76%
|
169
-27%
|
(83)
N/A
|
105
N/A
|
721
+590%
|
529
-27%
|
(132)
N/A
|
224
N/A
|
665
+197%
|
1 454
+119%
|
3 354
+131%
|
4 128
+23%
|
3 447
-16%
|
|
EPS (Diluted) |
-10.73
N/A
|
-7.86
+27%
|
1.94
N/A
|
2.86
+47%
|
4.37
+53%
|
4.52
+3%
|
5.08
+12%
|
3.64
-28%
|
5.34
+47%
|
6.39
+20%
|
8.67
+36%
|
9.09
+5%
|
13.94
+53%
|
12.27
-12%
|
10.35
-16%
|
8.32
-20%
|
1.08
-87%
|
0.57
-47%
|
0.86
+51%
|
2
+133%
|
2.63
+32%
|
2.81
+7%
|
2.81
N/A
|
3.27
+16%
|
5.31
+62%
|
5.75
+8%
|
6.73
+17%
|
5.48
-19%
|
1.29
-76%
|
0.82
-36%
|
-0.43
N/A
|
0.5
N/A
|
3.5
+600%
|
2.74
-22%
|
-0.66
N/A
|
1.02
N/A
|
3.32
+225%
|
6.89
+108%
|
14.99
+118%
|
18.49
+23%
|
15.25
-18%
|