JinkoSolar's Q2 Earnings Fall Short Despite Record Shipments: What Traders Need to Know
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JinkoSolar's Q2 earnings fell short of analyst expectations, with revenue at RMB24.05 billion, missing the RMB28.41 billion forecast. However, adjusted earnings per share surpassed estimates at RMB2.12. Module shipments rose 34.1% year-over-year, totaling 23.8 GW, and the company became the first to deliver 260 GW of solar modules. Gross margins dropped to 11.1% from 15.6% due to lower selling prices. JinkoSolar anticipates Q3 shipments of 23.0 to 25.0 GW, maintaining full-year guidance of 100.0 to 110.0 GW for 2024.
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