JinkoSolar Pursues New Growth Areas Amid Shrinking Solar Margins
Despite reporting declining revenue and widening net losses in its latest quarter, JinkoSolar is shifting focus toward new growth areas such as energy storage, high-efficiency manufacturing, and strategic investments. The company's module shipments increased sequentially to 15,961 megawatts, with overseas markets accounting for over 70% of first-half volume. JinkoSolar’s Tiger Neo modules continue to command a premium in the market while achieving higher production efficiency levels ahead of new Chinese regulations set to take effect next year. Energy storage shipments also saw significant growth during the period. Meanwhile, JinkoSolar's investment arm has expanded its stake across multiple sectors including solar and AI. However, margins remain under pressure due to falling panel prices and rising manufacturing costs. Gross margin dropped sharply in Q2 2026 compared to the previous quarter, with operating losses increasing as well. The company also reduced full-year shipment guidance amid ongoing supply-demand imbalances.
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