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JinkoSolar’s Revenue Drops 21.6% YoY in Q2 2024 on Lower Module Prices

Operating expenses rose due to a write-off of the book value of equipment damaged in a fire

September 2, 2024

/ B.S. Nagaraj
/ Finance and M&A, Modules, Solar
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China-headquartered solar cell and module manufacturer JinkoSolar‘s revenue dropped 21.6% year-over-year (YoY) to RMB24.05 billion (~$3.31 billion) in the second quarter (Q2) of 2024 due to a decrease in the average selling price of solar modules.

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B.S. Nagaraj

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