Rajiv Chaudhri's questions to JinkoSolar Holding Co Ltd (JKS) leadership • Q1 2025
Question
Rajiv Chaudhri questioned JinkoSolar's market share trajectory given its 2025 shipment guidance. He asked for a geographic breakdown of global market growth, whether a price premium for TOPCon products persists, and the expected mix between distributed generation (DG) and utility-scale shipments.
Answer
CEO Xiande Li explained the current strategy prioritizes profitability and cash flow over market share gains in an imbalanced market. CFO Charlie Cao detailed the global demand outlook (~700 GW), with China growing 10-15%. He confirmed customers still pay a premium for higher-power products. He also noted a strategic shift to lower the DG shipment mix from nearly 47% in 2024 to a range of 30-35% in 2025.