JKS - JinkoSolar Holding GAAP EADPS of $0.85 misses by $0.45 revenue of $4.41B beats by $760M
2023-03-10 06:58:52 ET
- JinkoSolar Holding press release ( NYSE: JKS ): Q4 GAAP EPADS of $0.85 misses by $0.45 .
- Revenue of $4.41B (+71.6% Y/Y) beats by $760M .
- Quarterly shipments were 16,802 MW (16,020 MW for solar modules, and 782 MW for cells and wafers), up 54.8% sequentially, and up 73.3% year-over-year.
- Gross margin was 14.1%, compared with 15.7% in Q3 2022 and 16.1% in Q4 2021. The sequential and year-over-year decreases were mainly due to an increase in the cost of silicon.
- "By the end of 2023, mass production efficiency of TOPCon cells is expected to reach 25.8%.We are optimistic about the growth potential for the PV market in the mid- and long-term and will continue to invest in developing N-type capacity which is now competitive in terms of technology and cost. By the end of 2023, we expect our annual production capacity for mono wafers, solar cells and solar modules to reach 75GW, 75GW and 90GW, respectively. We expect our module shipments to be in the range of 11.0 GW to 13.0 GW for the first quarter of 2023 and 60.0 GW to 70.0 GW for the full year 2023."
- Shares -7.44% PM.
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JinkoSolar Holding GAAP EADPS of $0.85 misses by $0.45, revenue of $4.41B beats by $760M