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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Jinko Solar
Jinko Solar (688223) investor relations material
Jinko Solar Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Q3 revenue was RMB 13.61bn, down 15.74% YoY; attributable net loss was RMB 290.4m. Higher-power module mix helped narrow the quarterly loss YoY.
9M revenue reached RMB 38.34bn, down 20.10% YoY, with an attributable net loss of RMB 3.367bn.
9M operating cash flow turned positive at RMB 610.8m, versus an outflow of RMB 1.341bn in the prior-year period.
Financial highlights
Q3 total loss before tax was RMB 418.4m; 9M total loss before tax was RMB 4.221bn, versus RMB 5.507bn in 9M 2025.
9M net loss was RMB 3.379bn; net loss attributable to parent shareholders was RMB 3.367bn, compared with RMB 3.920bn a year earlier.
9M reported revenue declined to RMB 38.34bn from RMB 47.99bn in 2025.
Segment performance
9M photovoltaic module shipments totaled 44.64GW; Q3 Flying Tiger 3 shipments exceeded one-third of the module mix.
Energy storage system deliveries totaled 4.5GWh in 9M; storage revenue recognized in Q3 increased further.
TOPCon 3.0 line retrofits and capacity ramp progressed during Q3, alongside continued production-cost optimization and a higher share of high-power products.
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Latest events from Jinko Solar
- Revenue down 22% YoY, net loss RMB -3.08bn, shipment guidance cut to 60-70GW.688223
Q2 2026 - Q1 2026 PV module shipments hit 13.7GW, with gross margin up 9.45% year-over-year.688223Q1 2026
- 2025 saw a 29% revenue drop and a net loss, with industry leadership but rising financial risks.688223H2 2025
- Revenue dropped 33% and net loss reached RMB 3.92 billion amid PV price declines and competition.688223Q3 2025
- Net loss of ¥2.91 billion on sharply lower revenue amid global PV market headwinds.688223H1 2025
- Net profit plummeted 99% in Q3 as PV price competition intensified, despite shipment growth.688223Q3 2024
- H1 2024 profit plunged 68.77% on price pressure, but N-type shipments led globally.688223H1 2024
- Revenue and profit plunged in Q1 2025 amid industry price pressure and weak demand.688223Q1 2025
- Net profit dropped 98.78% year-over-year due to falling prices and industry headwinds.688223H2 2024
Next Jinko Solar earnings date
H2 202629 Apr, 2027
Jinko Solar
Next Jinko Solar earnings date
H2 202629 Apr, 2027
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