Jinko Solar Co., one of China's top five solar manufacturers, is anticipating to reach a breakeven point this year. This positive outlook comes as the Chinese government implements measures to alleviate a chronic overcapacity problem that has plagued the solar sector with deep losses for over two years. Dany Qian, the company's global vice president, stated in an interview with Bloomberg TV on Wednesday that "This year is going to be pivotal to return to breakeven."
This development suggests a potential turnaround for the company and the broader Chinese solar industry, which has been grappling with intense competition and depressed prices due to the glut of supply. Government intervention to rationalize capacity is seen as a crucial step in restoring financial health to these manufacturers.
For the first quarter of 2026, JinkoSolar reported module shipments of 13.7 GW, ranking first in the industry, with over 80% going to overseas markets. This contributed to their module prices rebounding sequentially and an improved gross profit margin of 8.3%, narrowing their net loss. The company also announced that cumulative deliveries of its Tiger Neo series surpassed 240 GW, contributing to JinkoSolar becoming the world's first module manufacturer to exceed 400 GW in cumulative deliveries. Additionally, the energy storage systems business saw significant year-over-year growth, with shipments reaching approximately 1.42 GWh.
