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Solar Giant Eyes Profitability Amidst Industry Shift
25 Jun
Summary
- Jinko Solar aims to achieve breakeven this year.
- Government measures are easing solar sector overcapacity.
- The industry has faced over two years of significant losses.
Jinko Solar Co., a leading solar manufacturer in China, is projecting a return to profitability this year. The company is working towards achieving breakeven, a significant goal after more than two years of substantial financial losses.
This positive outlook is attributed to recent government measures designed to address the persistent overcapacity within the solar manufacturing sector. These initiatives are expected to ease market pressures and support the industry's recovery.
Dany [Surname Redacted], a company representative, described this year as pivotal for returning to breakeven. The solar industry has been grappling with deep losses for over two years due to oversupply.
