JKS News & Events

FH Capital entered into a definitive agreement, through its designated affiliate, to acquire a 75.1% stake in JinkoSolar's U.S. subsidiary Jinko Solar (U.S.) Industries Inc. JinkoSolar will retain a 24.9% minority interest. The transaction marks the transition to new controlling ownership of a 2 gigawatts solar module manufacturing facility and a growing Battery Energy Storage Systems business. Post-closing, FH Capital will deploy additional expansion capital to at least double the current solar module production capacity and initiate domestic BESS manufacturing. The new structure establishes a diverse U.S. manufacturing platform positioned to meet surging demand for high-performance solar and storage solutions, while aligning with the evolving U.S. clean-energy policy landscape. The transaction is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.

The company said, "Looking ahead, our focus will remain on enhancing product competitiveness, strengthening our global footprint, and advancing our integrated solar-plus-storage strategy to support long-term growth and profitability. We expect our annual integrated production capacity to reach approximately 100 GW by year-end 2026, including 14 GW from overseas facilities. For the second quarter of 2026, we project our module shipments to be between 14 GW and 16 GW. For the full year 2026, we expect shipments to reach 75 GW to 85 GW, with high-efficiency products accounting for over 60% of our total shipments."

Reports Q1 revenue $1.78B vs. $1.91B last year. Xiande Li, JinkoSolar's Chairman and Chief Executive Officer, commented, "Total module shipments during the quarter were 13.7 GW, ranking first in the industry, with over 80% shipped to overseas markets. This enabled us to become the world's first module manufacturer to surpass 400 GW in cumulative deliveries. Our Tiger Neo series also cemented its industry leadership, contributing approximately 240 GW to this milestone in cumulative deliveries. Driven by improved supply-demand balance, especially in overseas markets, module prices rebounded sequentially during the quarter, helping improve our gross profit margin to 8.3% and narrow our net loss. At the same time, our energy storage systems business (ESS) maintained its strong momentum, with shipments increasing significantly year-over-year to approximately 1.42 GWh on a proof-of-delivery basis. Of these shipments, a higher contribution from high-value overseas markets supported a more optimized market mix and drove a sequential improvement in gross margin."