China's Jinko Solar expects up to 98.9% fall in annual profit
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Jinko Solar, a Chinese solar company, anticipates a significant drop in its net income for the full year 2024, with an expected decrease of 98.4% to 98.9%.
January 17, 2025 | 2:00 pm
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Jinko Solar expects a dramatic decrease in its net income for 2024, ranging from 98.4% to 98.9%. This significant drop could negatively impact investor sentiment and the stock price in the short term.
The announcement of a nearly complete drop in net income is likely to cause concern among investors, leading to a potential decline in Jinko Solar's stock price. The magnitude of the expected decrease in profits is significant, suggesting operational or market challenges.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100