Jinko Solar Stock Hits Day Low of CNY 7.55 Amid Price Pressure

Jinko Solar Co., Ltd. experienced a significant decline in its stock performance today, with a drop of 5.48%. The stock reached an intraday low of CNY 7.55, reflecting ongoing challenges within the company. Over the past week, Jinko Solar's performance has been notably negative, down 8.88%, contrasting sharply with the China Shanghai Composite, which saw a slight increase of 0.41%. In terms of longer-term performance, Jinko Solar has shown a year-to-date gain of 34.57%, yet this is overshadowed by a three-year decline of 47.66%. The company's financial metrics indicate a concerning trend, with net sales for the latest quarter falling by 34.11% to CNY 16,154.76 million, and a pre-tax profit plummeting by 333.37% to CNY -1,326.54 million. Additionally, the net profit has also seen a drastic decline of 277.07%, resulting in a challenging financial landscape. With a market capitalization of CNY 75,939 million, Jinko Solar operates within the Other Electrical Equipment industry, but its return on equity stands at a negative 16.53%, highlighting the difficulties it faces in generating profit.