JinkoSolar's major running unit sees up to 135.7% increase in 9-mo profit

• The principal operating subsidiary of Chinese solar module manufacturer JinkoSolar Holding Co Ltd (NYSE: JKS) today published some initial results for the nine months through September 2022, showing an year-on-year enter the bottom line of up to 135.7%.

Jinko Solar Co Ltd (SHA:688223), also known as Jiangxi Jinko, expects to report an unaudited earnings attributable to its shareholders in the range of CNY 1.65 billion (USD 228m/EUR 233m) to CNY 1.70 billion, standing for a year-on-year rise of between 128.77% to 135.70%.

Excluding extraordinary gains and also losses, the figure is seen at CNY 1.50 billion-1.55 billion, representing a jump of 412.20% to 429.27%.

Jiangxi Jinko finished its initial public offering (IPO) in Shanghai at the start of the year, raising gross profits of CNY 10 billion.