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- 02.03.2015 - JinkoSolar share price declines after a report
02.03.2015 - JinkoSolar share price declines after a report
JinkoSolar announced decline in net profit in the last quarter of last year amid rising operating costs and new taxes. At the same time, the company reported a record volume of supply of solar modules. Operating expenses increased by 59% due to an increase in the budget for the research and development. The company plans to get 15-20% growth in 2015. The company's profit totaled 39.4 million dollars, against 26.2 million in the previous period. Revenue rose by 36% to 479 million dollars, which is 10 million less than analysts' expectations. Despite the current decline in quotes, we expect the resumption of growth on stock prices in the second half of the year and the expected growth of 15-20% in the second half of the year.