Jinkosolar (JKS) has released an update.
JinkoSolar, a leading solar module manufacturer, reported a significant year-over-year increase in module shipments for 2023, achieving 78.5GW and topping the industry rankings. Despite a decline in gross margin in the fourth quarter to 12.5% due to lower module prices, the company’s full-year financials show remarkable improvements with a gross margin of 16.0% and a net income surge to $485.6 million. The firm is adjusting its 2024 strategy with a focus on expanding its advanced N-type capacity and anticipates a growing market share amid rising global PV market demand.
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