JinkoSolar Co. Ltd. A (688223) Fair Value & Analysis
Technology · CN · Market cap 46.8B CNY (≈ $7.0B)
What is JinkoSolar Co. Ltd. A really worth?
Below-average quality, trading 37% below our fair value of ¥6.47.
Risks
Fair value as of: Aug 28, 2026
From 4 valuation models · updated 8 days ago
Share price −11.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (¥4.92). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
55‑month range ¥4.01 – ¥18.30 · fair‑value band ¥4.92 – ¥8.01 · the ¥4.06 price screens below the ¥6.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.
Analysis
JinkoSolar Co. Ltd. A (688223) currently trades at ¥4.06, while our model-based Fair Value estimate is ¥6.47, implying the stock looks roughly 37.2% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of ¥6.47 per share, and 1 of the 4 models we run sit above the ¥4.06 price. Bear case: the Dividend Discount group reads lowest at ¥0.7600, and 3 of the 4 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, JinkoSolar Co. Ltd. A generated revenue of 63.9B CNY at a net margin of −10.7%. Revenue declined 11.5% year over year. It earns a return on equity of −22.4%. Fundamentals as of Aug 28, 2026
Our scenario range runs from ¥4.92 (bear case) to ¥8.01 (bull case); at ¥4.06, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 58% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at 59%, 688223 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 4 models by family
Widest divergence: Multiples (¥6.47) versus Dividend Discount (¥0.7600). Highest evidence: Gordon GGM (67).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 23
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Jinko Solar Co., Ltd. engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.
Full company description
Jinko Solar Co., Ltd. engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally. The company offers Tiger Neo 3.0, a photovoltaic module for power generation; liquid cooling energy storage system; and energy solutions, such as residential house roof, industrial and commercial distribution, and surface power plants, as well as half-cell and bifacial technology. It also provides silicon wafers, pulling rods, and batteries; photovoltaic cells; and battery components. It exports its products. The company was founded in 2006 and is headquartered in Shanghai, China. Jinko Solar Co., Ltd. is a subsidiary of JinkoSolar Investment Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
JinkoSolar Co. Ltd. A reported revenue of 65.5B CNY in FY2025 versus 40.6B CNY in FY2021, a compound +12.7%/yr. Reported net income was −6.9B CNY in FY2025.
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Peer Group
Solar · 109 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Solar median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $210.10 | $392.12 | +87% |
| Nextpower Inc NXT | $103.67 | $69.61 | −33% |
| Waaree Energies Limited WAAREEENER | ₹2,624 | ₹2,709 | +3% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | −6% |
| Enphase Energy, Inc ENPH | $39.25 | $24.15 | −38% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | −34% |
| Hengdian Group 002056 | ¥21.53 | ¥31.86 | +48% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | −36% |
| Trina Solar Co 688599 | ¥12.77 | ¥7.97 | −38% |
| JA Solar Technology Co 002459 | ¥6.81 | ¥3.32 | −51% |
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