Jinko Power Technology’s Shining Financials: Revenue and Profit Soar, Yet Stock Declines

Jinko Power Technology (SHSE:601778) reported its full-year 2023 financial results, showing that revenue increased by 37% to CN¥4.37b and net income rose by 83% to CN¥383.4m compared to the previous year. The profit margin also improved to 8.8% from 6.5% in FY 2022, driven by higher revenue. Earnings per share (EPS) increased to CN¥0.11 from CN¥0.07 in FY 2022.

Despite positive financial results, Jinko Power Technology’s shares experienced a 3.1% decline from the previous week due to concerns about the company’s investment analysis. Analysts were surprised by Jinko Power Technology’s revenue performance, which exceeded expectations by 1.1%. However, EPS fell short of estimates by 19%. Looking ahead, the company is forecasted to achieve an average annual revenue growth of 27% over the next three years, significantly higher than the 7.1% growth forecast for the Renewable Energy industry in China.

For a comprehensive analysis of Jinko Power Technology’s valuation, including fair value estimates, risks, dividends, insider transactions, and financial health, investors can access a free analysis provided by Simply Wall St. The article aims to offer long-term focused analysis driven by fundamental data based on historical data and analyst forecasts. It is important to note that the analysis may not include the latest company announcements or qualitative material and Simply Wall St does not have a position in any stocks mentioned.

Investors should be aware of the warning sign in Jinko Power Technology’s investment analysis that needs attention before making any investment decisions.

Overall, Jinko Power Technology’s strong financial performance suggests it has significant potential for growth in the coming years