China’s Jinko Solar expects up to 98.9% fall in annual profit

(Reuters) – China’s Jinko Solar said on Friday it expects to record a 98.4% to 98.9% decrease in its full-year 2024 net income.

The company said its estimated net income for the full year was in the range of 80 million yuan and 120 million yuan ($10.92 million and $16.37 million).

($1 = 7.3289 Chinese yuan renminbi)

(Reporting by Sherin Sunny in Bengaluru; Editing by Krishna Chandra Eluri)

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