On Thursday, Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS), lost -9.45% to $22.70.
JinkoSolar Holding Co., declared its unaudited financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Highlights
- Total solar module shipments were 1,134.5 MW, which comprises 70.6 MW earmarked for use in the Company’s downstream projects. Total solar product shipments to the third parties were 1,107.7 megawatts (“MW”), compriseing of 1,063.9 MW of solar modules, 10.4 MW of silicon wafers and 33.4 MW of solar cells. This represents an improvement of 21.1% from 915.0 MW in the second quarter of 2015 and an improvement of 56.4% from 708.2 MW in the third quarter of 2014.
- As of September 30, 2015, the Company had connected 846 MW worth of solar projects.
- Total revenues were RMB4.1 billion (US$637.6 million), representing an improvement of 26.6% from the second quarter of 2015 and an improvement of 58.2% from the third quarter of 2014.
- Solar power projects generated electricity of 233.7 GWh, a 15.1% improvement from the second quarter of 2015 and an improvement of 207.6% from the third quarter of 2014. Revenues generated from solar power projects were RMB205.8 million (US$32.4 million), representing an improvement of 15.7% from the second quarter of 2015 and an improvement of 205.8% from the third quarter of 2014.
- Gross margin was 21.3%, contrast with 20.7% in the second quarter of 2015 and 20.6% in the third quarter of 2014.
- Income from operations was RMB384.0 million (US$60.4 million), contrast with RMB237.0 million in the second quarter of 2015 and RMB239.9 million in the third quarter of 2014.
- Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders was RMB195.1 million (US$30.7 million), contrast with RMB76.4 million in the second quarter of 2015 and RMB280.6 million in the third quarter of 2014.
- Diluted earnings per American depositary share (“ADS”) was RMB3.12 (US$0.48), contrast with RMB2.40 in the second quarter of 2015 and RMB8.00 in the third quarter of 2014.
- Non-GAAP net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders in the third quarter of 2015 was RMB253.3 million (US$39.8 million), contrast with RMB206.8 million in the second quarter of 2015 and RMB342.0 million in the third quarter of 2014.
- Non-GAAP basic and diluted earnings per ADS were RMB8.12 (US$1.28) and RMB6.52 (US$1.04), respectively, in the third quarter of 2015.
JinkoSolar Holding Co., Ltd., together with its auxiliaries, engages in the design, development, production, and marketing of photovoltaic products in the People’s Republic of China and internationally.
Shares of Enterprise Products Partners L.P. (NYSE:EPD), declined -1.13% to $26.22, during its last trading session.
Enterprise Products Partners, declared that it was participated in the RBC Capital Markets and MLP Conference, Wednesday and Thursday, November 18 & 19, 2015 in Dallas.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.
Finally, Shares of Graphic Packaging Holding Company (NYSE:GPK), ended its last trade with 1.08% gain, and closed at $13.54.
Graphic Packaging Holding Company’s declared a quarterly dividend of $0.05 per share. The dividend is payable on January 5, 2016 to shareholders of record at the close of business on December 15, 2015.
Graphic Packaging Holding Company, together with its auxiliaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. The company produces a range of paperboard grades convertible into folding cartons primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids.