JinkoSolar said net profit reached CNY14.87 million ($2.09 million) in the third quarter of 2024, down 99.41% year-on-year, while revenue fell 22.09% to CNY24.519 billion. During the first nine months of the year, it recorded a total revenue of CNY 71.77 billion, down 15.66% year-on-year, and a net profit of CNY 1.215 billion. It shipped 73.13 GW of PV products between January and September, including 67.65 GW of modules, with n-type modules making up about 85% of the total, up 31.29% year-on-year. In the fourth quarter, JinkoSolar said it is targeting deliveries of 90 GW to 100 GW over the full year.
YES solar energy said it posted a net loss of CNY484 million in the first nine months of 2024, a sharp decline from a profit of CNY6.765 billion in the same period last year. The company’s PV module and cell deliveries totaled approximately 57 GW over the first three quarters of the year, representing a year-on-year increase of more than 51%.
Huasun energy said it has launched the first batch of heterojunction (HJT) solar cells from its Xuancheng Phase V 1 GW production facility. It reported that the new cells meet efficiency expectations, with mass production expected to reach 26.24% soon. It plans to refine key manufacturing processes, including improvements in textured surface treatments, double-sided microcrystalline applications and ITO composite films. The company said it is also developing a specialized silver-copper paste for steel-nickel meshes, supporting its commitment to advancing zero-busbar (0BB) technology.
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