JinkoSolar Holdings Co. (NYSE: JKS) Monday reported a pointy decline in web revenue for the primary quarter of 2024 when the solar energy firm’s revenues dropped modestly.
Revenues of the China-based firm edged down 1% yearly to $3.19 billion within the March quarter. Adjusted web earnings attributable to shareholders, excluding particular gadgets, was $65.1 million in Q1, which is sharply decrease than the revenue recorded within the prior yr quarter.
On an unadjusted foundation, the corporate reported a web revenue of $84.4 million or $0.74 per ADS for the primary quarter. In the course of the quarter, whole photo voltaic module shipments elevated 53% year-over-year to 19,993 MW.
