JinkoSolar receives $17.5 million payment for stake sale in Xinjiang Shibang Solar
Type: Sale · Technology: Solar · Country: China · Value: $598M · Announced: 2026-06-02
JinkoSolar reported receiving CNY 126 million ($17.5 million) for the sale of its 100% stake in Xinjiang Shibang Solar. This payment includes a second installment of CNY 100 million and CNY 26 million in acquired equity. The transaction, which began in 2023 with a total value of CNY 4.3 billion ($598 million), is expected to increase JinkoSolar's pre-tax profit by approximately CNY 56 million ($7.8 million) in 2026. A portion of the second stage payment remains pending.
Analysis
JinkoSolar received CNY 126 million ($17.5 million) for the sale of its 100% stake in Xinjiang Shibang Solar in China, a transaction announced on June 2, 2026. This payment includes a second installment of CNY 100 million and CNY 26 million in acquired equity. JinkoSolar is a global leader in the solar industry, manufacturing solar modules and providing solar solutions worldwide. The transaction, which began in 2023 with a total value of CNY 4.3 billion ($598 million), is expected to increase JinkoSolar's pre-tax profit by approximately CNY 56 million ($7.8 million) in 2026. A portion of the second stage payment for the Xinjiang Shibang Solar stake remains pending.
Key points
- JinkoSolar received CNY 126 million ($17.5 million) for the stake sale.
- The payment includes a second installment of CNY 100 million and CNY 26 million in acquired equity.
- The transaction, announced on June 2, 2026, began in 2023 with a total value of CNY 4.3 billion ($598 million).
- JinkoSolar expects a pre-tax profit increase of approximately CNY 56 million ($7.8 million) in 2026.
- A portion of the second stage payment remains pending for the China-based solar asset.
Counterparties
- JinkoSolar (Seller)
- Xinjiang Shibang Solar (Acquired Entity)