JinkoSolar Holding Co. Ltd (ZJS1) - Net Assets
Based on the latest financial reports, JinkoSolar Holding Co. Ltd (ZJS1) has net assets worth €30.15 Billion EUR (≈ $35.25 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€125.50 Billion ≈ $146.73 Billion USD) and total liabilities (€95.35 Billion ≈ $111.48 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset allocation strategy of JinkoSolar Holding Co. Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €30.15 Billion |
| % of Total Assets | 24.02% |
| Annual Growth Rate | 17.5% |
| 5-Year Change | 92.97% |
| 10-Year Change | N/A |
| Growth Volatility | 30.0 |
JinkoSolar Holding Co. Ltd - Net Assets Trend (2016–2025)
This chart illustrates how JinkoSolar Holding Co. Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see JinkoSolar Holding Co. Ltd (ZJS1) total market value.
Annual Net Assets for JinkoSolar Holding Co. Ltd (2016–2025)
The table below shows the annual net assets of JinkoSolar Holding Co. Ltd from 2016 to 2025. Also explore ZJS1 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €27.57 Billion ≈ $32.23 Billion |
-19.47% |
| 2024-12-31 | €34.24 Billion ≈ $40.03 Billion |
+2.09% |
| 2023-12-31 | €33.53 Billion ≈ $39.20 Billion |
+23.92% |
| 2022-12-31 | €27.06 Billion ≈ $31.64 Billion |
+89.41% |
| 2021-12-31 | €14.29 Billion ≈ $16.70 Billion |
+9.98% |
| 2020-12-31 | €12.99 Billion ≈ $15.19 Billion |
+4.42% |
| 2019-12-31 | €12.44 Billion ≈ $14.54 Billion |
+47.16% |
| 2018-12-31 | €8.45 Billion ≈ $9.88 Billion |
+26.38% |
| 2017-12-31 | €6.69 Billion ≈ $7.82 Billion |
+3.55% |
| 2016-12-31 | €6.46 Billion ≈ $7.55 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to JinkoSolar Holding Co. Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 15.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.71 Billion | 23.61% |
| Other Components | €12.01 Billion | 76.39% |
| Total Equity | €15.73 Billion | 100.00% |
JinkoSolar Holding Co. Ltd Competitors by Market Cap
The table below lists competitors of JinkoSolar Holding Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Laurent-Perrier
PA:LPE
|
$543.85 Million |
|
SAPPI LTD ADR/1 RC 1
F:SPIA
|
$543.97 Million |
|
Nexpoint Residential Trust Inc
NYSE:NXRT
|
$543.99 Million |
|
Nanjing Hicin Pharmaceutical Co Ltd
SHE:300584
|
$544.00 Million |
|
Shenzhen Jasic Tech Co
SHE:300193
|
$543.58 Million |
|
Shandong Shengli Co Ltd
SHE:000407
|
$543.47 Million |
|
Queen's Road Capital Investment Ltd.
TO:QRC
|
$542.99 Million |
|
Jiangsu Hengxing New Material
SHG:603276
|
$542.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JinkoSolar Holding Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,898,909,000 to 15,726,131,000, a change of -4,172,778,000 (-21.0%).
- Net loss of 4,445,094,000 reduced equity.
- Dividend payments of 486,826,000 reduced retained earnings.
- Share repurchases of 3,970,000 reduced equity.
- Other factors increased equity by 763,112,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-4.45 Billion | -28.27% |
| Dividends Paid | €486.83 Million | -3.1% |
| Share Repurchases | €3.97 Million | -0.03% |
| Other Changes | €763.11 Million | +4.85% |
| Total Change | €- | -20.97% |
Book Value vs Market Value Analysis
This analysis compares JinkoSolar Holding Co. Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.12x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €50.62 | €8.88 | x |
| 2018-12-31 | €49.98 | €8.88 | x |
| 2019-12-31 | €51.99 | €8.88 | x |
| 2020-12-31 | €53.29 | €8.88 | x |
| 2021-12-31 | €57.91 | €8.88 | x |
| 2022-12-31 | €81.43 | €8.88 | x |
| 2023-12-31 | €96.65 | €8.88 | x |
| 2024-12-31 | €96.83 | €8.88 | x |
| 2025-12-31 | €75.09 | €8.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JinkoSolar Holding Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -28.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.79%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 7.70x
- Recent ROE (-28.27%) is below the historical average (4.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 28.27% | 8.54% | 0.82x | 4.04x | €1.18 Billion |
| 2017 | 2.12% | 0.54% | 0.92x | 4.28x | €-527.22 Million |
| 2018 | 5.18% | 1.62% | 0.70x | 4.57x | €-377.51 Million |
| 2019 | 9.66% | 3.02% | 0.62x | 5.14x | €-31.67 Million |
| 2020 | 2.31% | 0.66% | 0.66x | 5.33x | €-768.40 Million |
| 2021 | 6.53% | 1.77% | 0.56x | 6.60x | €-383.96 Million |
| 2022 | 4.06% | 0.80% | 0.77x | 6.64x | €-973.05 Million |
| 2023 | 17.10% | 2.90% | 0.87x | 6.74x | €1.43 Billion |
| 2024 | 0.27% | 0.06% | 0.74x | 6.28x | €-1.94 Billion |
| 2025 | -28.27% | -6.79% | 0.54x | 7.70x | €-6.02 Billion |
Industry Comparison
This section compares JinkoSolar Holding Co. Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $10,686,322,759
- Average return on equity (ROE) among peers: -40.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JinkoSolar Holding Co. Ltd (ZJS1) | €30.15 Billion | 28.27% | 3.16x | $543.69 Million |
| COLUMBUS ENERGY S.A. ZY 7 (0Q8) | $26.36 Million | -424.50% | 28.70x | $46.39 Million |
| Xinyi Solar Holdings Ltd (13X) | $12.06 Billion | 15.45% | 0.98x | $2.29 Billion |
| XINYI SOLAR UNSP.ADR/20 (13X0) | $34.94 Billion | 2.42% | 0.63x | $2.88 Billion |
| TECH INVEST GROUP ZY-02 (6N2) | $6.05 Million | -64.71% | 2.18x | $2.27 Million |
| FLAT GLASS GROUP H YC-25 (72T) | $21.78 Billion | 4.62% | 0.97x | $330.50 Million |
| COMTEC SOLAR SYS HD -004 (8C11) | $-113.46 Million | 0.00% | 0.00x | $4.96 Million |
| XINTE ENERGY CO. CL.H YC1 (9M7) | $36.04 Billion | 36.95% | 1.20x | $164.48 Million |
| 7C Solarparken AG (HRPK) | $197.33 Million | 5.00% | 1.57x | $147.16 Million |
| HODL SPAC EUROPE AB (NW1) | $53.58 Million | 6.01% | 0.12x | $392.16K |
| Global PVQ SE (QCE) | $1.88 Billion | 10.16% | 0.51x | $371.09K |
About JinkoSolar Holding Co. Ltd
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company provides solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It offers solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well a… Read more