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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 20,008,382 $ 2,861,161 ¥ 25,053,762
Restricted cash 2,929,999 418,984 2,684,214
Restricted short-term investments 3,302,036 472,185 2,973,120
Short-term investments 4,185,379 598,501 928,322
Advances to suppliers - related parties 1,188 170 203,056
Advances to suppliers - third parties 1,324,445 189,393 2,451,093
Inventories, net 14,484,828 2,071,303 12,509,422
Forward contract receivables 58,923 8,426 115,220
Prepayments and other receivables - related parties ¥ 8,832 $ 1,263 ¥ 29,817
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related parties Related parties Related parties
Prepayment and other receivables from related parties ¥ 4,900,993 $ 700,833 ¥ 4,460,594
Held-for-sale assets 344,553 49,270 57,502
Total current assets 68,814,145 9,840,292 68,865,057
Non-current assets:      
Restricted long-term investments 471,573 67,434 1,328,201
Long-term investments 1,441,683 206,158 1,870,253
Property, plant and equipment, net 36,644,813 5,240,139 44,800,692
Land use rights, net 2,140,953 306,152 1,838,015
Intangible assets, net 445,866 63,758 461,955
Deferred tax assets 4,576,302 654,402 2,641,397
Right-of-use assets, net 3,617,900 517,353 448,555
Advances to suppliers to be utilized beyond one year 605,525 86,589 520,376
Available-for-sale securities 238,464 34,100 150,922
Total non-current assets 52,209,831 7,465,907 56,015,301
Total assets 121,023,976 17,306,199 124,880,358
Current liabilities:      
Accrued payroll and welfare expenses 2,645,041 378,236 2,779,196
Advances from third parties 5,316,889 760,305 5,088,596
Income tax payables 177,580 25,394 703,498
Forward contract payables 56,129 8,026 20,789
Lease liabilities - current 118,364 16,926 145,663
Short-term borrowings, including current portion of long-term borrowings, and failed sale-leaseback financing 10,655,366 1,523,697 6,933,899
Other payables and accruals - third parties 12,357,464 1,767,094 16,572,843
Other payables and accruals - a related party 13,174 1,884 11,069
Total current liabilities 55,044,136 7,871,208 54,484,022
Non-current liabilities:      
Long-term borrowings 18,206,905 2,603,553 20,643,272
Long-term payables 4,371,333 625,092 4,387,864
Accrued warranty costs - non-current 1,655,630 236,752 2,136,192
Lease liabilities - non-current 3,550,598 507,729 330,740
Convertible notes 10,594,637 1,515,013 8,605,579
Deferred tax liability 29,974 4,286 56,718
Total non-current liabilities 38,409,077 5,492,425 36,160,365
Total liabilities 93,453,213 13,363,633 90,644,387
Commitment and contingencies
Mezzanine Equity      
Redeemable non-controlling interests 1,545,058 220,940 1,535,926
Shareholders' equity:      
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 211,083,301 and 209,551,893 shares issued as of December 31, 2024 and December 31, 2025, respectively) 29 4 29
Additional paid-in capital 11,834,567 1,692,321 11,245,665
Accumulated other comprehensive income 182,844 26,146 225,141
Treasury stock, at cost; 5,574,244 and 122,540 ordinary shares as of December 31, 2024 and December 31, 2025 (3,970) (568) (216,507)
Retained earnings 3,712,661 530,904 8,644,581
Total JinkoSolar Holding Co., Ltd. Shareholders' equity 15,726,131 2,248,807 19,898,909
Non-controlling interests 10,299,574 1,472,819 12,801,136
Total shareholders' equity 26,025,705 3,721,626 32,700,045
Total liabilities, mezzanine equity and shareholders' equity 121,023,976 17,306,199 124,880,358
Related parties      
Current assets:      
Accounts receivable, net 175,403 25,082 436,706
Notes receivables from a related party 894 128 108,638
Prepayment and other receivables from related parties 8,832   29,817
Non-current assets:      
Other assets - third parties 58,483 8,363 16,960
Current liabilities:      
Accounts payable due to related parties 136,202 19,477  
Notes payables due to related parties 349,508 49,979 380,269
Third parties      
Current assets:      
Accounts receivable, net 13,411,812 1,917,864 13,628,852
Notes receivables from a related party 3,676,478 525,729 3,224,739
Non-current assets:      
Other assets - third parties 1,968,269 281,459 1,937,975
Current liabilities:      
Accounts payable due to related parties 13,571,350 1,940,677 11,038,668
Notes payables due to related parties ¥ 9,647,069 $ 1,379,513 ¥ 10,809,532