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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • JinkoSolar Revenues Jump 11.2% 0 comments
    Nov 18, 2013 11:46 AM | about stocks: JKS

    Originally published at

    JinkoSolar Holding Co., Ltd. (NYSE:JKS) announced its financial results for the third quarter of fiscal 2013, reporting revenues that jumped 11.2%. The Chinese company reported revenues of $320.7M, or Chinese Renminbi (NYSEARCA:RMB) 1.96B, up 47.6% from RMB1.3B reported this period last year. Gross margin saw continued improvement to 22.3%, from 17.7% in the second quarter and 5.8% in the third quarter last year. Net income in third quarter was $39.9M, or RMB244.3M, up from a net loss of RMB111.3M a year ago. CEO Kangping Chen remarked that the company's profitability continued to improve amidst improvements in revenues and gross margins. From an operations standpoint, JinkoSolar product shipments increased 54.8% from this period last year, with 518.9 megawatts, composed of 489.3MW solar modules, 18.7MW in solar cells, and 10.9MW in silicon wafers.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: JKS
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