Cash Flow Statement
Growth Metrics

JinkoSolar Holding (JKS) Receivables Refunds (2018 - 2025)

JinkoSolar Holding recorded quarterly Receivables Refunds of $445.7 million in Q4 2025, up 21.86% quarter-over-quarter from $365.8 million in Q4 2024, and up 21.86% year-over-year from $365.8 million in Q4 2024.

JinkoSolar Holding's Receivables Refunds history runs 8 years deep, the most recent figure standing at $445.7 million for Q4 2025.

  • In Q4 2025, Receivables Refunds rose 21.86% year-over-year to $445.7 million; the TTM figure through Dec 2025 stood at $445.7 million (up 21.86% YoY), while the FY2025 annual figure was $445.7 million, up 21.9% from the prior year.
  • Receivables Refunds came in at $445.7 million for Q4 2025 at JinkoSolar Holding, up from $365.8 million in the prior quarter.
  • In the past five years, Receivables Refunds ranged from a high of $445.7 million in Q4 2025 to a low of $193.3 million in Q4 2022.
  • A 5-year average of $310.8 million and a median of $282.7 million in 2023 frame the typical range for Receivables Refunds.
  • Across the five-year window, Receivables Refunds dropped 27.52% in 2022 and surged 46.23% in 2023, its largest moves.
  • JinkoSolar Holding's Receivables Refunds stood at $266.7 million in 2021, then decreased by 27.52% to $193.3 million in 2022, then soared by 46.23% to $282.7 million in 2023, then rose by 29.38% to $365.8 million in 2024, then advanced by 21.86% to $445.7 million in 2025.
  • According to Business Quant data, Receivables Refunds over the past three periods registered $445.7 million, $365.8 million, and $282.7 million for Q4 2025, Q4 2024, and Q4 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Refund Receivables (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn -
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 252.25 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn -
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -

Historic Data

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DateValue
Dec 31, 2025 445.71 Mn
Dec 31, 2024 365.76 Mn
Dec 31, 2023 282.69 Mn
Dec 31, 2022 193.32 Mn
Dec 31, 2021 266.70 Mn
Dec 31, 2020 185.32 Mn
Dec 31, 2019 99.52 Mn
Dec 31, 2018 4.37 Mn