Jinko Power's Q3 2025: profit soars despite revenue dip

Jinko Power Technology's third-quarter 2025 results show revenue of RMB 997,885,211.43, a 49.26% decrease year-over-year, attributed to lower income from rolling development of household photovoltaic power stations. Despite this, net profit attributable to shareholders surged by 76.49% to RMB 232,974,724.26, and total profit increased by 49.72% to RMB 282,321,302.47, driven by natural disaster-related losses in the prior year and investment gains from power station asset disposals.

The company announced adjustments to its 2025-2027 shareholder dividend return plan and revised the completion date for the Jinkotown Yadong 70MWp Agricultural-Photovoltaic Power Generation Project to April 2026, due to delays in grid connection infrastructure. Additionally, Jinko Power is re-evaluating long-term related party transactions, with total estimated transaction values adjusted from RMB 214,382 million to RMB 198,835 million, reflecting market changes and project cancellations like the Jiangxi Fengcheng 4.26MW Industrial and Commercial Photovoltaic Power Station.

In a move to streamline assets, Jinko Power transferred 100% equity of its subsidiary, Hengfeng Guangze Power Co., Ltd., which will remove related power sales transactions from its consolidated financial statements. The board also approved updates to corporate governance policies and will convene an extraordinary general meeting on November 17, 2025, to seek shareholder approval for the revised dividend policy and related party transaction agreements.