JinkoSolar Holding ADR Rep 4

Chinese companies are increasingly looking to Germany to raise capital and revive interest in their Global Depositary Receipts (GDRs) in Europe. Companies such as Sungrow Power Supply $300274 and JinkoSolar$JKS (-1,33 %) are planning to issue GDRs in Frankfurt with a total value of up to 1.16 billion euros. This initiative could strengthen the links between the Chinese and German capital markets and offers an attractive opportunity for companies to position themselves globally.

However, success in Europe is by no means guaranteed. Following a surge in GDR listings in Switzerland, approvals were halted by the CSRC due to arbitrage concerns. Chinese investors bought GDRs and converted them into shares on the domestic market to take advantage of the persistent price differentials, while there was little interest from European investors.

Nevertheless, Hang Wang, partner at Baker McKenzie in Beijing, emphasized that it was never the intention of the Chinese regulators to stop the offerings of GDRs abroad. A spokesman for Deutsche Börse said it was technically ready to welcome GDRs to the Frankfurt Stock Exchange.

The CSRC set new rules in May 2023 to resume GDR approvals, introducing requirements for companies including registering with the regulator within three working days of submitting their overseas GDR listing applications and disclosing the identity of buyers. These measures could help other companies follow the example of Sungrow and JinkoSolar.

It is important to note that Sungrow and JinkoSolar are not the first Chinese companies to seek a GDR listing in Frankfurt. In late 2022, the board of Shanghai-listed Sany Heavy Industry Co approved the issuance of GDRs before Sany abandoned the plan in April due to changes in internal and external conditions.

However, a successful sale of GDRs in Frankfurt could trigger further such deals. Jean Thio from Clifford Chance emphasized that China has long been Germany's largest trading partner and companies will consider their listing targets according to their business presence.will consider.

JinkoSolar
$JKS (-1,33 %) the world's leading manufacturer of solar modules by volume, has announced that its planned factory in Saudi Arabia 🇸🇦 will be the world's largest for the production of high-stability N-type solar cells and modules.

The factory is scheduled to be 2026 and significantly increase the efficiency of solar cells.

The investment amounts to around 1 billion dollars and represents JinkoSolar's largest foreign investment.

With an annual production capacity of at least 10 GW of high-efficiency solar cells and modules, the factory will be the largest foreign production facility for Chinese 🇨🇳 photovoltaic products.

This will be the fourth JinkoSolar's fourth overseas production facility, following sites in Malaysia 🇲🇾, Vietnam 🇻🇳 and the United States 🇺🇸.

The new factory will enable the company to meet local demand and export technology, patents, expertise and services worldwide.

Jinkosolar $JKS (-1,33 %) wins the title of best photovoltaic brand in the USA, who would have thought...

https://finance.yahoo.com/news/...eceives-top-brand-pv-121700333.html

And since you can earn a lot of money as a producer in the USA, Jinko has also built a factory in Jacksonville to be able to sell there despite trade barriers.

https://jinkosolar.us/jax/

Has anyone already received the dividend from $JKS (-1,33 %) received?

Payment should be made on 06.12. My broker, Trade Republik, has not received anything yet. 😢

Economy on 01.11.2023...

FED today and also Paypal publishes the numbers!⤵️

On it goes into November. This starts today immediately with very important events. The FED decides on the next interest rate period. Will it remain as it is or will be further increased? It was said in many interviews, that there will be further increases this year, as one continues to target the mark of 2% inflation and the way is still very far. Also the share, about which one surely in 2023 most spoke, supplies today the numbers. The speech is of course from Paypal. These numbers come today after-hours.

Let's look at the numbers, the last 2 days:

$MCD (+0,15 %)
McDonald's Corp. exceeded analyst estimates of $3.00 in the third quarter with earnings per share of $3.17. Revenue of $6.69 billion exceeded expectations of $6.56 billion, meaning that revenue increased by 17.6% and profit by 6.3%.

$AMD (-0,05 %)
AMD beat analyst estimates of $0.68 in the third quarter with earnings per share of $0.70. Revenue of $5.8 billion beat expectations of $5.7 billion.

$PFIZER
Pfizer Inc. misses analyst estimates of -$0.08 in the third quarter with earnings per share of -$0.17. Revenue of $13.2 billion below expectations of $13.33 billion.

$CAT (+0,13 %)
Caterpillar Inc. third-quarter earnings per share of $5.52 beat analyst estimates of $4.80. Revenue of $16.8 billion exceeded expectations of $16.56 billion.

$JKS (-1,33 %)
Jinkosolar shipped 22.597 megawatts (MW) of total capacity in the third quarter of 2023, up 108.2% from the year-ago quarter and up 21.4% from the second quarter of 2023. Revenue improved 63.1% year over year to $4.36 billion. Compared to the previous quarter, this was an increase of 3.7%. Gross margin climbed significantly to 19.3%. In the prior-year period, it was only 15.7%, and in the previous quarter it was even slightly lower at 15.6%. Net profit jumped up to USD 181.4 million, which corresponds to USD 2.53 per ADS share.

$FSLR (+0,2 %)
First Solar beat analyst estimates of $2.05 in the third quarter with earnings per share of $2.50. Revenue of $801 million below expectations of $904.11 million.

$CZR (-0,17 %)
Caesars Entertainment third-quarter earnings per share of $0.34 beat analyst estimates of $0.28. Revenue of $3 billion exceeded expectations of $2.94 billion.

Here's what the trading day looks like in incremental terms:

Stock Exchange Holiday Austria

Economic data

13:15

• US: ADP Labor Market Report October Employment Private Sector PROGNOSIS: +130,000 jobs previously: + 89,000 jobs

14:45

• US: Purchasing Managers' Index/PMI Manufacturing (2nd release) October PROGNOSED: 50.0 1st release: 50.0 previously: 49.8

15:00

• US: Construction spending September PROGNOSIS: +0.4% yoy previous: +0.5% yoy
• US: ISM manufacturing index October PROGNOSIS: 49.2 points previously: 49.0 points

15:30

• US: Crude oil inventories data (week) from the government Energy Information Administration (EIA)

19:00

• US: Fed, outcome of FOMC meeting Fed funds target rate PROGNOSED: 5.25% to 5.50% previously: 5.25% to 5.50%

19:30

• US: Fed PK with Fed Chairman Powell

ex-dividend individual stocks

ASML 1.45 EUR

CAMBRIDGE BANCORP 0.6333 EUR

FRANKLIN ELECTRIC 0.2126 EUR

HESS MIDSTREAM 0.5836 EUR

INDEPENDENT BANK GROUP 0.3591 EUR

Quarterly figures / Company dates USA / Asia

06:25 Toyota quarterly figures

13:00 Dupont | Kraft Heinz quarterly figures

21:00 Qualcomm | Mondelez quarterly figures

21:05 Airbnb | Altice quarterly figures

21:15 Paypal | Costco Wholesale | Allstate quarterly figures

No time stated: Electronic Arts | American International Group| Edison International | Avis Budget | Etsy | The Allstate quarterly figures

Quarterly Figures / Company Dates Europe

08:00 GSK plc quarterly figures

09:30 Aston Martin quarterly figures

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Speculative buy Jinko Solar

$JKS (-1,33 %)

Solar sector is now slowly pulling back up, in my portfolio a Sunrun is way up.

In general, the growth is still intact, Jinko had problems with the costs.

Especially with silicon, the costs should now be well down, so the profits must bubble up again.

Speculative trade, chance is quite good, especially since the value has come down well and the sales were good.

https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/jinkosolar-viel-umsatz-wenig-gewinn-aktie-mit-kraeftigem-minus-20328100.html

-16% due, among other things, to a disappointing margin and a truly disastrous trading day - sales & shipments, on the other hand, are significantly higher than expected.

Sold in mid-January at €54.2 with 20% profit, now is a good time to re-enter this quite volatile stock, but the China risk must be kept in mind.

A plus of > 40% within a week... A good reason to sell JS. so strong price swings has JS more often, Unfortunately just as up as down.

JS is on my watchlist at the top, I get back in after the next price slide. 😉

definitely has potential again

Quarterly figures from 28.10.2022...

...and then off into the weekend!⤵️

The last interesting numbers for this week have been reported. Next week will come mainly the European companies. This morning I have already pointed out what will come so:

https://app.getquin.com/activity/cXypzTmLZM?lang=de&utm_source=sharing

Let's take a look at it in summary:

$JKS (-1,33 %)
JinkoSolar Holding Co. Ltd:

Beat analyst estimates of $0.71 in the third quarter with earnings per share of $0.90. Revenue of $2.74 billion exceeded expectations of $2.6 billion.

$ABBV (+0,46 %)
AbbVie Inc:

Third-quarter earnings per share of $3.66 beat analyst estimates of $3.58. Revenue of $14.81 billion below expectations of $14.93 billion.

$NEE (-0,51 %)
Nextera Energy Inc:

Third-quarter earnings per share of $0.85 beat analyst estimates of $0.79. Revenue of $6.72 billion exceeded expectations of $5.96 billion.

$CL (+0,13 %)
Colgate-Palmolive Co:

Hits analyst estimates with third-quarter earnings per share of $0.74. Sales of $4.46 billion below expectations of $4.48 billion.

$CHD (-0,3 %)
Church & Dwight Co. Inc:

Third-quarter earnings per share of $0.76 beat analyst estimates of $0.65. Revenue of $1.32 billion exceeded expectations of $1.3 billion.

$XOM (+0,32 %)
Exxon Mobil Corp:

Third-quarter earnings per share of $4.45 beat analyst estimates of $3.67. Revenue of $112.07 billion beat expectations of $107.24 billion. High gas and oil prices boosted.

$P911 (-0,24 %)
Volkswagen subsidiary Porsche:

Posts Q1-3 sales of €26.7 billion (PY: €23.1 billion), operating profit of €5.05 billion (PY: €3.56 billion), outlook for 2022 and beyond confirmed.

$8TRA (+0,09 %)
Volkswagen subsidiary TRATON:

Achieves Q1-3 sales of €27.96 billion (PY: €21.31 billion), unit sales of 218,000 vehicles (PY: 196,000 vehicles) and an operating profit of €954 million (PY: €476 million).

$VOW (-0,27 %)
Volkswagen (VW):

Reports Q3 sales of €70.7 billion (PY: €56.9 billion, analyst forecast: €69.9 billion), adjusted EBIT of €4.27 billion (PY: €2.80 billion, forecast: €4.64 billion), an EBIT margin of 6.0% (PY: 4.9%, forecast: 6.6%) and profit after tax of €2.13 billion (PY: €2.90 billion). In the outlook for 2022, Volkswagen (VW) expects deliveries to remain at the prior-year level (previously: +5 to 10%). Sales and Ebit margin forecast for 2022 confirmed.

$WAF (+0,11 %)
Siltronic:

Achieves Q3 sales of €474 million (PY: €371.6 million, analyst forecast: €456 million), Ebitda of €170.5 million (PY: €122.9 million, forecast: €135.3 million) and net income of €109.9 million (PY: €73.6 million). In its outlook for 2022, Siltronic raises its sales growth forecast to 26% to 30% (previous: 21% to 27%) and an Ebitda margin of 36% to 38% (previous: 34% to 37%).

$AIRC
Airbus:

Reports Q3 revenues of €13.309 billion (PY: €10.518 billion, analyst forecast: €12.848 billion), Ebit (adjusted) of €836 million (PY: €666 million, forecast: €887 million) and net profit of €667 million (PY: €404 million, forecast: €585 million). In the outlook for 2022, Airbus continues to expect approximately 700 commercial aircraft deliveries (forecast: 697 aircraft), Ebit (adjusted) of €5.5 billion (forecast: €5.487 billion) and free cash flow of €4.5 billion (previous: €3.5 billion).

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