JKS
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 22.23 | 0.56 | 3.04 | 3.04 |
| Price to Sales | 0.01 | 0.02 | 0.02 | 0.05 |
| Book Value Per Common Share | 96.83 | 96.65 | 81.20 | 57.91 |
| Price to Book | 0.26 | 0.38 | 0.50 | 0.79 |
| Price to Operating Cash Flow | 0.08 | 0.14 | -0.35 | 5.09 |
| Price to Free Cash Flow | 0.17 | -0.95 | -0.11 | -0.27 |
| Enterprise Value to EBITDA | 5551.61 | 4574.44 | 14148.57 | 23518.77 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Price to Earnings | -1.68 | -0.73 | -2.69 | 60.95 | -10.79 |
| Price to Sales | 0.08 | 0.07 | 0.06 | 0.06 | 0.04 |
| Book Value Per Common Share | 326.52 | 89.07 | 96.83 | 101.99 | 104.54 |
| Price to Book | 0.07 | 0.21 | 0.26 | 0.26 | 0.20 |
| Price to Operating Cash Flow | |||||
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 115420.55 | 220096.05 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -98.31 | 394.05 | -11.11 | |
| Revenue YoY | -22.26 | 42.77 | 103.61 | |
| EBITDA YoY | -45.28 | 189.74 | 55.90 | |
| Net Profit YoY | -98.42 | 455.59 | -13.94 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 16.72 | -32.96 | -15.74 | 1.89 | |
| EBITDA YoY | 146.76 | ||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 498.20 | 329.01 | 209.05 | 177.72 |
| Quick Ratio | 0.86 | 0.57 | 0.53 | 0.43 |
| Current Ratio | 1.26 | 1.02 | 1.05 | 1.00 |
| Debt to Equity | 2.65 | 3.05 | 3.02 | 4.11 |
| Long-Term Debt to Equity | 1.06 | 0.63 | 0.62 | 0.93 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 447.70 | 531.06 | 505.76 | 436.72 | 266.62 |
| Quick Ratio | 0.77 | 0.85 | 0.86 | 0.75 | 0.54 |
| Current Ratio | 1.30 | 1.33 | 1.26 | 1.22 | 1.08 |
| Debt to Equity | 3.01 | 2.87 | 2.65 | 2.74 | 2.84 |
| Long-Term Debt to Equity | 1.22 | 1.26 | 1.06 | 0.99 | 0.83 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 0.04 | 2.54 | 0.57 | 0.99 |
| ROE | 0.16 | 10.28 | 2.30 | 5.05 |
| Gross Margin | 10.90 | 16.05 | 14.77 | 16.31 |
| Operating Margin | 1.52 | 7.30 | 3.68 | 4.72 |
| EBITDA Margin | 10.00 | 14.20 | 7.00 | 9.14 |
| Net Profit Margin | 0.06 | 2.90 | 0.75 | 1.77 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| ROA | -0.62 | -1.08 | -0.38 | 0.02 | -0.08 |
| ROE | -2.49 | -4.17 | -1.39 | 0.06 | -0.30 |
| Gross Margin | 7.31 | -2.55 | 3.82 | 15.73 | 11.13 |
| Operating Margin | -6.07 | -17.11 | -4.59 | 1.87 | 0.77 |
| EBITDA Margin | -6.07 | -17.11 | -4.59 | 1.87 | 0.77 |
| Net Profit Margin | -4.64 | -9.53 | -2.31 | 0.09 | -0.42 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | ||
| Dividend Payout Ratio | 1004.19 | 16.23 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 124,880,358.00 | 135,831,825.00 | 108,662,182.00 | 72,983,487.00 |
| Current Assets | 68,865,057.00 | 82,945,199.00 | 68,327,294.00 | 45,524,074.00 |
| Cash and Short-Term Investments | 25,982,084.00 | 17,084,374.00 | 10,347,999.00 | 8,471,415.00 |
| Cash and Cash Equivalents | 25,053,762.00 | 16,060,679.00 | 10,243,500.00 | 8,321,415.00 |
| Short-Term Investments | 928,322.00 | 1,023,695.00 | 104,499.00 | 150,000.00 |
| Net Receivables | 21,011,345.00 | 29,502,600.00 | 23,937,239.00 | 11,202,301.00 |
| Inventory | 12,509,422.00 | 18,215,537.00 | 17,450,284.00 | 13,252,352.00 |
| Other Current Assets | 9,362,206.00 | 18,142,688.00 | 16,591,772.00 | 12,598,006.00 |
| Non-Current Assets | 56,015,301.00 | 52,886,626.00 | 40,334,888.00 | 27,459,413.00 |
| Property, Plant, Equipment Net | 46,094,448.00 | 44,550,947.00 | 34,407,812.00 | 22,895,930.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,299,970.00 | 2,390,100.00 | 1,511,024.00 | 1,145,541.00 |
| Long-Term Investments | 2,021,175.00 | 2,221,762.00 | 1,711,072.00 | 633,866.00 |
| Non-Current Deferred Assets | 2,641,397.00 | 1,290,004.00 | 704,244.00 | 371,767.00 |
| Other Non-Current Assets | 2,958,311.00 | 2,433,813.00 | 2,000,736.00 | 2,412,309.00 |
| Liabilities | 90,644,387.00 | 102,297,683.00 | 81,658,289.00 | 58,696,235.00 |
| Current Liabilities | 54,484,022.00 | 81,060,645.00 | 64,936,186.00 | 45,459,469.00 |
| Payables and Expenses | 31,105,274.00 | 32,738,670.00 | 22,435,227.00 | 13,120,178.00 |
| Account Payables | 11,038,668.00 | 15,475,166.00 | 10,378,076.00 | 6,815,717.00 |
| Current Accrued Liabilities | 3,478,485.00 | 3,699,884.00 | 2,941,732.00 | 1,865,361.00 |
| Short-Term Debt | 18,269,363.00 | 40,213,206.00 | 33,276,863.00 | 25,669,044.00 |
| Other Current Liabilities | 5,109,385.00 | 8,108,769.00 | 9,224,096.00 | 6,670,247.00 |
| Non-Current Liabilities | 36,160,365.00 | 21,237,038.00 | 16,722,103.00 | 13,236,766.00 |
| Long-Term Debt | 29,579,591.00 | 16,581,422.00 | 14,503,260.00 | 11,616,985.00 |
| Other Non-Current Liabilities | 6,580,774.00 | 4,655,616.00 | 2,218,843.00 | 1,619,781.00 |
| Equity | 34,235,971.00 | 33,534,142.00 | 27,003,893.00 | 14,287,252.00 |
| Shareholders Equity | 19,898,909.00 | 20,156,434.00 | 16,337,235.00 | 11,049,781.00 |
| Capital Stock | 29.00 | 29.00 | 28.00 | 26.00 |
| Share Premium | 11,245,665.00 | 10,738,376.00 | 9,912,931.00 | 5,617,923.00 |
| Retained Earnings | 8,644,581.00 | 9,137,727.00 | 6,249,883.00 | 5,629,377.00 |
| Treasury Shares | 216,507.00 | 79,282.00 | 43,170.00 | 43,170.00 |
| Accumulated Other Comprehensive Income | 225,141.00 | 359,584.00 | 217,563.00 | -154,375.00 |
| Minority Interest | 14,337,062.00 | 13,377,708.00 | 10,666,658.00 | 3,237,471.00 |
| Debt | 47,848,954.00 | 56,794,628.00 | 47,780,123.00 | 37,286,029.00 |
| Net Debt | 17,888,741.00 | 38,798,601.00 | 36,892,987.00 | 28,085,366.00 |
| Common Shares Outstanding | 205,509.06 | 208,560.45 | 201,189.19 | 190,824.91 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 92,256,302.00 | 118,678,591.00 | 83,127,296.00 | 40,826,521.00 |
| Cost Of Revenue | 82,199,191.00 | 99,630,956.00 | 70,848,983.00 | 34,168,686.00 |
| Interest Income | 414,685.00 | 553,531.00 | 588,706.00 | 214,291.00 |
| Interest Expense | 1,143,079.00 | 1,171,136.00 | 1,079,409.00 | 838,320.00 |
| Non-Interest Expense | 11,239,107.00 | 11,403,142.00 | 10,750,566.00 | 4,820,027.00 |
| Gross Profit | 10,057,111.00 | 19,047,635.00 | 12,278,313.00 | 6,657,835.00 |
| Operating Expenses | 9,710,888.00 | 11,139,513.00 | 10,385,900.00 | 4,815,932.00 |
| Selling, General and Administrative Expenses | 11,239,107.00 | 11,403,142.00 | 10,750,566.00 | 4,820,027.00 |
| Research and Development Expenses | 920,544.00 | 911,869.00 | 724,769.00 | 461,590.00 |
| Other Operating Expenses | -2,448,763.00 | -1,175,498.00 | -1,089,435.00 | -465,685.00 |
| Operating Income | 346,223.00 | 7,908,122.00 | 1,892,413.00 | 1,841,903.00 |
| Net Non-Operating Income | 285,736.00 | 25,009.00 | -12,661.00 | 1,911.00 |
| EBT | 259,941.00 | 7,490,165.00 | 1,976,709.00 | 1,089,903.00 |
| Income Tax | 69,441.00 | 1,260,285.00 | 605,278.00 | 194,140.00 |
| Net Income Including Non-Controlling Interests | 13,487.00 | 6,452,554.00 | 1,565,139.00 | 955,572.00 |
| Net Income Non-Controlling Interests | 41,053.00 | -3,005,111.00 | -944,633.00 | -234,554.00 |
| Net Income | 54,540.00 | 3,447,443.00 | 620,506.00 | 721,018.00 |
| EBIT | 1,403,020.00 | 8,661,301.00 | 3,056,118.00 | 1,928,223.00 |
| Deprecation and Amortization | 7,818,383.00 | 8,189,280.00 | 2,759,564.00 | 1,802,071.00 |
| EBITDA | 9,221,403.00 | 16,850,581.00 | 5,815,682.00 | 3,730,294.00 |
| EPS | 0.00 | 0.07 | 0.01 | 0.02 |
| Diluted EPS | -0.01 | 0.06 | 0.01 | 0.01 |
| Average Shares Outstanding Basic | 52,151.90 | 51,926.37 | 49,501.07 | 47,668.22 |
| Average Shares Outstanding Diluted | 52,495.46 | 56,528.27 | 50,102.12 | 51,429.94 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 16,850,366.00 | 13,826,124.00 | -5,800,784.00 | 430,646.00 |
| Operating Net Income | 13,487.00 | 6,452,554.00 | 1,565,139.00 | 955,572.00 |
| Deprecation and Amortization | 7,818,383.00 | 8,189,280.00 | 2,759,564.00 | 1,802,071.00 |
| Deferred Income Tax | -1,426,182.00 | -845,403.00 | -320,673.00 | -262,370.00 |
| Share Based Compensation | 365,752.00 | 862,642.00 | 1,000,869.00 | 9,884.00 |
| Change in Working Capital | 6,289,959.00 | -3,144,442.00 | -12,226,837.00 | -3,801,203.00 |
| Other Operating Activities | 3,788,967.00 | 2,311,493.00 | 1,421,154.00 | 1,726,692.00 |
| Investing Cash Flow | -2,902,219.00 | -15,159,670.00 | -12,272,387.00 | -11,309,233.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -8,770,672.00 | -15,180,363.00 | -11,575,026.00 | -8,633,401.00 |
| Net Purchase/Sale of Investments Net | 165,445.00 | -1,246,577.00 | -67,716.00 | 325,000.00 |
| Net Purchase/Sale of Business | 1,107,861.00 | 36,398.00 | -706,434.00 | -315,000.00 |
| Other Investing Activities | 4,595,147.00 | 1,230,872.00 | 76,789.00 | -2,685,832.00 |
| Financing Cash Flow | -6,268,345.00 | 8,640,904.00 | 20,018,922.00 | 12,017,851.00 |
| Net Issuance/Repayment of Debt | -8,426,172.00 | 9,093,917.00 | 10,374,400.00 | 10,745,542.00 |
| Net Issuance/Repurchase of Equity | -874,964.00 | -79,282.00 | 0 | 641,065.00 |
| Dividends Paid | -547,686.00 | -559,599.00 | 0 | 0 |
| Other Financing Activities | 3,580,477.00 | 185,868.00 | 9,644,522.00 | 631,244.00 |
| Net Change in Cash | 7,679,802.00 | 7,307,358.00 | 1,945,751.00 | 1,139,264.00 |
| Cash at Beginning of Period | 19,427,281.00 | 11,270,954.00 | 9,097,246.00 | 8,074,772.00 |
| Cash at End of Period | 27,737,976.00 | 19,427,281.00 | 11,270,954.00 | 9,097,246.00 |
| Free Cash Flow | 7,481,272.00 | -2,024,490.00 | -18,132,401.00 | -8,255,474.00 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Assets | 120,842,308.00 | 122,251,416.00 | 124,880,358.00 | 130,215,828.00 | 128,646,222.00 |
| Current Assets | 69,956,938.00 | 67,323,968.00 | 68,865,057.00 | 74,311,525.00 | 72,605,304.00 |
| Cash and Short-Term Investments | 23,440,345.00 | 27,382,593.00 | 25,982,084.00 | 22,371,099.00 | 13,869,567.00 |
| Cash and Cash Equivalents | 23,440,345.00 | 27,382,593.00 | 25,053,762.00 | 22,371,099.00 | 13,869,567.00 |
| Short-Term Investments | 0 | 0 | 928,322.00 | 0 | 0 |
| Net Receivables | 18,248,163.00 | 15,866,092.00 | 21,011,345.00 | 23,583,515.00 | 22,793,000.00 |
| Inventory | 14,939,226.00 | 13,258,752.00 | 12,509,422.00 | 15,247,446.00 | 19,489,767.00 |
| Other Current Assets | 13,329,204.00 | 10,816,531.00 | 9,362,206.00 | 13,109,465.00 | 16,452,970.00 |
| Non-Current Assets | 50,885,370.00 | 54,927,448.00 | 56,015,301.00 | 55,904,303.00 | 56,040,918.00 |
| Property, Plant, Equipment Net | 40,005,384.00 | 44,289,372.00 | 46,094,448.00 | 46,203,095.00 | 46,182,291.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,281,178.00 | 2,290,756.00 | 2,299,970.00 | 2,168,398.00 | 2,214,346.00 |
| Long-Term Investments | 1,953,377.00 | 1,904,483.00 | 2,021,175.00 | 1,849,488.00 | 1,869,700.00 |
| Non-Current Deferred Assets | 2,757,101.00 | 2,876,008.00 | 2,641,397.00 | 1,580,433.00 | 1,613,419.00 |
| Other Non-Current Assets | 3,888,330.00 | 3,566,829.00 | 2,958,311.00 | 4,102,889.00 | 4,161,162.00 |
| Liabilities | 90,725,530.00 | 90,633,626.00 | 90,644,387.00 | 95,356,912.00 | 95,185,291.00 |
| Current Liabilities | 53,929,723.00 | 50,731,282.00 | 54,484,022.00 | 60,990,142.00 | 67,469,788.00 |
| Payables and Expenses | 30,641,471.00 | 30,112,560.00 | 31,105,274.00 | 32,192,712.00 | 33,441,169.00 |
| Account Payables | 14,076,092.00 | 11,406,669.00 | 11,038,668.00 | 11,550,419.00 | 13,952,517.00 |
| Current Accrued Liabilities | 2,319,132.00 | 2,609,321.00 | 3,478,485.00 | 2,605,596.00 | 2,592,942.00 |
| Short-Term Debt | 18,606,968.00 | 15,157,788.00 | 18,269,363.00 | 22,330,486.00 | 26,476,884.00 |
| Other Current Liabilities | 4,681,284.00 | 5,460,934.00 | 5,109,385.00 | 6,466,944.00 | 7,551,735.00 |
| Non-Current Liabilities | 36,795,807.00 | 39,902,344.00 | 36,160,365.00 | 34,366,770.00 | 27,715,503.00 |
| Long-Term Debt | 30,763,715.00 | 33,460,173.00 | 29,579,591.00 | 27,637,666.00 | 21,113,382.00 |
| Other Non-Current Liabilities | 6,032,092.00 | 6,442,171.00 | 6,580,774.00 | 6,729,104.00 | 6,602,121.00 |
| Equity | 30,116,778.00 | 31,617,790.00 | 34,235,971.00 | 34,858,916.00 | 33,460,931.00 |
| Shareholders Equity | 17,095,703.00 | 18,403,180.00 | 19,898,909.00 | 20,117,522.00 | 20,620,188.00 |
| Capital Stock | 0 | 0 | 29.00 | 0 | 0 |
| Share Premium | 0 | 0 | 11,245,665.00 | 0 | 0 |
| Retained Earnings | 0 | 0 | 8,644,581.00 | 0 | 0 |
| Treasury Shares | 0 | 0 | 216,507.00 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 225,141.00 | 0 | 0 |
| Minority Interest | 13,021,075.00 | 13,214,610.00 | 14,337,062.00 | 14,741,394.00 | 12,840,743.00 |
| Debt | 49,370,683.00 | 48,617,961.00 | 47,848,954.00 | 49,968,152.00 | 47,590,266.00 |
| Net Debt | 25,602,722.00 | 20,775,572.00 | 17,888,741.00 | 27,006,043.00 | 33,126,385.00 |
| Common Shares Outstanding | 0 | 206,609.76 | 205,509.06 | 197,243.87 | 197,243.87 |
| Breakdown | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Revenues | 16,158,497.00 | 13,843,640.00 | 20,650,730.00 | 24,508,244.00 | 24,053,049.00 |
| Cost Of Revenue | 14,976,562.00 | 14,196,514.00 | 19,861,074.00 | 20,652,556.00 | 21,376,366.00 |
| Interest Income | 124,972.00 | 104,329.00 | 113,254.00 | 98,790.00 | 107,740.00 |
| Interest Expense | 326,757.00 | 341,604.00 | 347,513.00 | 300,935.00 | 212,897.00 |
| Non-Interest Expense | 1,775,484.00 | 2,360,476.00 | 2,118,577.00 | 3,347,898.00 | 2,938,368.00 |
| Gross Profit | 1,181,935.00 | -352,874.00 | 789,656.00 | 3,855,688.00 | 2,676,683.00 |
| Operating Expenses | 1,672,632.00 | 1,976,321.00 | 1,474,489.00 | 3,124,813.00 | 2,268,738.00 |
| Selling, General and Administrative Expenses | 1,775,484.00 | 2,360,476.00 | 2,118,577.00 | 3,347,898.00 | 2,938,368.00 |
| Research and Development Expenses | 255,721.00 | 151,802.00 | 256,054.00 | 208,668.00 | 215,394.00 |
| Other Operating Expenses | -358,573.00 | -535,957.00 | -900,142.00 | -431,753.00 | -885,024.00 |
| Operating Income | -490,697.00 | -2,329,195.00 | -684,833.00 | 730,875.00 | 407,945.00 |
| Net Non-Operating Income | -121,059.00 | -218,618.00 | -1,592,422.00 | 73,632.00 | 170,365.00 |
| EBT | -1,307,453.00 | -2,710,263.00 | -1,294,597.00 | 157,635.00 | -27,057.00 |
| Income Tax | -191,635.00 | -699,479.00 | -580,536.00 | 148,460.00 | 24,799.00 |
| Net Income Including Non-Controlling Interests | -1,112,899.00 | -2,056,856.00 | -833,222.00 | 5,786.00 | -119,500.00 |
| Net Income Non-Controlling Interests | 363,113.00 | 737,980.00 | 356,485.00 | 16,746.00 | 18,847.00 |
| Net Income | -749,786.00 | -1,318,876.00 | -476,737.00 | 22,532.00 | -100,653.00 |
| EBIT | -980,696.00 | -2,368,659.00 | -947,084.00 | 458,570.00 | 185,840.00 |
| EBITDA | -980,696.00 | -2,368,659.00 | -947,084.00 | 458,570.00 | 185,840.00 |
| EPS | -0.01 | -0.03 | -0.01 | 0.00 | -0.00 |
| Diluted EPS | -0.01 | -0.03 | -0.01 | 0.00 | -0.00 |
| Average Shares Outstanding Basic | 52,357.34 | 51,562.32 | 51,372.53 | 51,225.73 | 52,019.17 |
| Average Shares Outstanding Diluted | 52,357.34 | 51,562.32 | 51,372.53 | 51,240.66 | 52,467.48 |
| Breakdown |
|---|
| Operating Cash Flow |
| Operating Net Income |
| Deprecation and Amortization |
| Deferred Income Tax |
| Share Based Compensation |
| Change in Working Capital |
| Other Operating Activities |
| Investing Cash Flow |
| Capital Expenditure |
| Net Purchase/Sale of PPE |
| Net Purchase/Sale of Investments Net |
| Net Purchase/Sale of Business |
| Other Investing Activities |
| Financing Cash Flow |
| Net Issuance/Repayment of Debt |
| Net Issuance/Repurchase of Equity |
| Dividends Paid |
| Other Financing Activities |
| Net Change in Cash |
| Cash at Beginning of Period |
| Cash at End of Period |
| Free Cash Flow |