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Scaled-Up Productized Power Plant Transactions Drive Jinko Power Technology’s Nearly 40% Profit Growth in H1 2025

On August 28, Jinko Power Technology (SH: 601778) released its semi-annual report for 2025. The company achieved revenue of 2.124 billion yuan, a year-on-year increase of 10.47%. Net profit attributable to shareholders reached 123 million yuan, reflecting a growth of 39.76%. However, net profit attributable to shareholders after deducting non-recurring gains and losses was 62.97 million yuan, a decrease of 27.14% compared to the same period last year. Basic earnings per share stood at 0.04 yuan per share, up from 0.03 yuan per share in the prior year.

The financial report indicated that as of the end of June 2025, the company’s self-owned power plant capacity reached approximately 5,953 MW, with self-owned independent energy storage capacity totaling about 657 MWh. In the first half of 2025, the company generated approximately 3.591 billion kWh of electricity. During the reporting period, the increase in revenue was primarily attributed to the growth in the scale of rolling development projects for residential photovoltaic power plants. The rise in net profit attributable to shareholders was mainly driven by the expanded scale of productized power plant transactions, which resulted in higher gains from power plant deals compared to the same period last year.

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