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JinkoSolar Owned Jiangxi Jinko Shares Upbeat FY22 Preliminary Profit – Stocks to Watch
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JinkoSolar Owned Jiangxi Jinko Shares Upbeat FY22 Preliminary Profit

ByAnusuya Lahiri

Jan 20, 2023
JinkoSolar Owned Jiangxi Jinko Shares Upbeat FY22 Preliminary Profit

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  • JinkoSolar Holding Company Limited JKS subsidiary Jinko Solar Co, Ltd  (Jiangxi Jinko) disclosed preliminary financial results for the year ended December 31, 2022.

  • Jiangxi Jinko’s non-GAAP net income was RMB2.50 billion – RMB2.80 billion, up by 371.17% – 427.71% year-over-year.

  • JinkoSolar currently owns a 58.62% equity interest in Jiangxi Jinko.

  • JinkoSolar Holding reported third-quarter FY22 revenue growth of 127.8% year-on-year to $2.74 billion, beating the consensus of $2.60 billion.

  • Earnings per ADS of $0.90 beat the consensus of $0.71.

  • Price Action: JKS shares traded higher by 4.66% at $58.14 in the premarket on the last check Friday.

  • Photo Via Company

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Image and article originally from www.benzinga.com. Read the original article here.

Anusuya Lahiri

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