JinkoSolar's Subsidiary Jiangxi Jinko Reports Preliminary Full Year 2023 Revenues Under PRC GAAP Of RMB118.68B
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar's subsidiary, Jiangxi Jinko, reported preliminary full year 2023 revenues of RMB118.68 billion under PRC GAAP. JinkoSolar owns approximately 58.59% of Jiangxi Jinko. The preliminary unaudited net income attributable to Jiangxi Jinko's shareholders was RMB7.49 billion, excluding extraordinary gains and losses, it was RMB7.00 billion.
February 27, 2024 | 12:17 pm
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JinkoSolar's significant ownership in Jiangxi Jinko and the subsidiary's strong financial performance could positively impact JinkoSolar's stock.
JinkoSolar's substantial equity interest in Jiangxi Jinko means that the subsidiary's financial performance directly impacts JinkoSolar's financial health and investor perception. The reported increase in revenues and net income is likely to be viewed positively by investors, potentially leading to a short-term uptick in JinkoSolar's stock price.
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