Jinko Power Technology (601778) Q1 2025 earnings summary

Executive summary

• Revenue increased 43.00% year-over-year to RMB 1.11 billion in Q1 2025, driven by strong residential rolling development business performance.

• Net loss attributable to shareholders narrowed to RMB -34.87 million from RMB -98.64 million year-over-year.

• Operating cash flow turned positive at RMB 1.20 billion, compared to negative RMB 171 million in Q1 2024.

Financial highlights

• Basic and diluted EPS improved to -0.01 from -0.03 year-over-year.

• Weighted average ROE improved to -0.22% from -0.64% year-over-year.

• Total assets rose 1.96% to RMB 43.43 billion from year-end 2024.

• Shareholders' equity slightly decreased by 0.30% to RMB 15.83 billion.

• Non-recurring items had limited impact; government subsidies of RMB 4.45 million were classified as recurring due to ongoing policy support.

Key financial ratios and metrics

• Net margin improved due to reduced losses, with net loss margin at -3.1% versus -12.7% year-over-year.

• Operating cash flow margin turned positive, reflecting improved collections in residential business.