Latest news with #JKS
Fashion Value Chain
4 days ago
- Business
- Fashion Value Chain
Signify Transforms 78K+ Lives in Andhra Pradesh Through Har Gaon Roshan CSR Initiative
In line with its #BrighterLivesBetterWorld vision, Signify, the world leader in lighting, has illuminated 230 villages in Parvathipuram Manyam district, Andhra Pradesh, under its flagship Har Gaon Roshan CSR initiative. This transformative project has brought sustainable lighting solutions to 17,766 families, positively impacting over 78,200 lives across the region. Signify transforms 78K+ lives in Andhra Pradesh through Har Gaon Roshan CSR Initiative The project was officially inaugurated in a ceremony attended by Shri Shyam Prasad, IAS (District Collector, Parvathipuram Manyam), alongside senior leadership from Signify and implementation partner Jana Kalyana Samakhya (JKS). The project implementation, carried out in partnership with grassroots NGO Jana Kalyana Samakhya (JKS), involved community engagement to ensure the outdoor lighting solutions were optimally placed and properly maintained. Local community members were trained in basic maintenance of the lighting systems, creating a sustainable model for long-term impact. 78K+ lives transformed in Andhra Pradesh through Signifys Har Gaon Roshan CSR initiative Nikhil Gupta, Head of Marketing, Strategy, Government Affairs & CSR – Signify, Greater India, said, 'Access to reliable lighting is a cornerstone of development-it empowers individuals, strengthens communities, and drives progress. With Har Gaon Roshan, our aim goes beyond infrastructure; we are enabling safer environments, better learning outcomes, and economic opportunities. Each installation reflects our enduring commitment to sustainability, social impact, and our belief in the transformative power of light to create brighter lives and a better world.' The Har Gaon Roshan CSR initiative taps villages in remote and underserved regions where electricity infrastructure is available, but adequate outdoor lighting is still lacking. By leveraging energy-efficient LED lighting solutions, the program provides sustainable illumination that requires minimal maintenance while delivering maximum impact. This milestone in Andhra Pradesh represents a significant advancement in Signifys ongoing commitment to illuminate rural India. The Har Gaon Roshan CSR initiative has already brought light to a host of villages across India. This collaborative effort has been carried out with active support from the district administration and village representatives, bringing together various stakeholders to realise a shared goal of rural empowerment through lighting. About Signify Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services deliver business value and transform life in homes, buildings and public spaces. In 2024, we had sales of EUR 6.1 billion, approximately 29,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for eight consecutive years and have achieved the EcoVadis Platinum rating for five consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.
The Citizen
4 days ago
- Sport
- The Citizen
Bromhof karateka to represent SA at world championships
Bromhof-based karateka Dominique Belt (15) won gold at the recent Japan Karate Shoto (JKS) Federation Nationals. Read more: Randpark Ridge dojo Seishin Martial Arts Academy shapes future karate champions Dominique has shown improvement, as earlier in the year she took home a bronze medal at the Gauteng Karate Federation Championship. Fighting for West Rand and Gauteng, the young martial artist is soon to represent the nation, as she's been selected to represent South Africa at the world championships in India. She said that she enjoyed the JKS tournament as she felt there wasn't as much pressure as in the other competitions. 'I could breathe, focus, and just enjoy being on the mat. Winning first place, and becoming the JKS Nationals champion, means the world to me. 'This gold medal is the result of every moment I didn't give up. I've faced many tough international competitors, and I've lost more times than I can count, but I kept going. Every loss made me stronger, and this win shows that all the hard work has paid off.' Also read: Bromhof based karatekas 11-year dream realised Dominique added that she is excited and honoured to be selected to represent her country. 'It feels like a dream coming to life. I'm proud of myself, but I'm even more grateful. My journey hasn't been easy, but I've had incredible people guiding and supporting me. It takes so much discipline, sacrifice, and passion, and I've given it everything I have.' Dominique is appealing to the community for assistance in making her dream of competing in the world championships come true, as the trip is self-funded. 'This dream is my whole heart, but I can't reach it alone. If you're able to assist with sponsorships, donations of any size, or even by sharing my story, it would mean more than words can say. Every contribution, no matter how small, helps cover my training, gear, and travel expenses.' To support Dominique's journey, and for more information, contact Nikki Belt on 065 844 5823. Follow us on our Whatsapp channel, Facebook, X, Instagram and TikTok for the latest updates and inspiration! Have a story idea? We'd love to hear from you – join our WhatsApp group and share your thoughts! Related article: Ferndale Shotokan Karate Dojo dominates karate competition At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
30-04-2025
- Business
- Yahoo
JinkoSolar Holding Co Ltd (JKS) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...
Revenue: $1.91 billion for Q1 2025, down 33% sequentially and 40% year-over-year. Net Loss: Approximately $180 million for Q1 2025. Gross Margin: Decreased both sequentially and year-over-year. Total Shipments: 19.1 gigawatts, with module shipments accounting for approximately 90%. Operating Expenses: $350 million, down 8% sequentially and 18% year-over-year. Operating Loss Margin: About 20% compared to 9% in Q4 last year and 1.5% in Q1 last year. Cash and Cash Equivalents: $3.77 billion at the end of Q1 2025, up from $2.44 billion at the end of Q1 last year. Total Debt: $6.4 billion at the end of Q1 2025. Net Debt: $2.6 billion at the end of Q1 2025. Asset Liability Ratio: Approximately 74% at the end of Q1 2025. Inventory Turnover Days: 84 days compared to 57 days in Q4 last year and 89 days in Q1 last year. Warning! GuruFocus has detected 5 Warning Signs with JKS. Release Date: April 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. JinkoSolar Holding Co Ltd (NYSE:JKS) reported a significant increase in energy storage shipments, exceeding 300 megawatt hours in the first quarter, with expectations to reach 6 gigawatt hours for the full year 2025. The company achieved a new record in laboratory efficiency for peroxide tandem solar cells, reaching 34.22%, showcasing its commitment to R&D and technological advancements. JinkoSolar Holding Co Ltd (NYSE:JKS) maintained a strong market presence with shipments to overseas markets accounting for approximately 70% of total shipments, with significant growth in the Indo-Pacific and North Asia markets. The company was recognized as a Tier 1 energy storage provider by Bloomberg for four consecutive quarters, highlighting its reliable energy storage solutions. JinkoSolar Holding Co Ltd (NYSE:JKS) plans to buy back shares and declare dividends, indicating a commitment to shareholder returns. JinkoSolar Holding Co Ltd (NYSE:JKS) reported a net loss of approximately $180 million for the first quarter, impacted by low prices and disruptions in demand due to international trade policies. The company experienced negative gross margins for the first time in several years, reflecting supply and demand imbalances and seasonal challenges. Total revenue decreased by 33% sequentially and 40% year-over-year, primarily due to a decrease in shipments and average selling prices of solar modules. Operating expenses accounted for 18% of total revenues, up from 13% in the previous quarter and the same quarter last year, indicating increased cost pressures. The asset liability ratio remained high at approximately 74%, although slightly improved from the previous year, suggesting ongoing financial leverage challenges. Q: Can you provide more details on the ESS shipments and where they are headed? Also, where are you sourcing your battery cells? A: The ESS shipments are primarily targeted at the Asia Pacific, Europe, and emerging markets, with China also being a key focus. These regions differ slightly from our module shipments due to trade barriers in the US, which make it challenging to expand the ESS business there. (Haiyun Cao, Finance Director, Deputy General Manager) Q: With the ADCBD determination being more favorable for Malaysia, how do you see your future imports to the US? A: The ADCBD tariffs are preliminary, and there remains uncertainty with a sunset determination after 12 months. We are exploring different options to provide more certainty and competitiveness in costs. We remain committed to the US market through joint ventures in the Middle East and local operations in the US. (Haiyun Cao, Finance Director, Deputy General Manager) Q: What are your expectations for gross margins in Q2 and Q3, and when do you expect them to return to positive? A: The negative gross margin in Q1 was due to supply-demand imbalances and seasonal factors. We expect margins to improve slightly in Q2 as module prices trend upward. By the second half of the year, we anticipate stability and potential improvement, as the current situation is unsustainable for top-tier companies. (Haiyun Cao, Finance Director, Deputy General Manager) Q: Can you provide guidance on the margins for your ESS business? A: We are targeting a gross margin range of 5% to 10% for our ESS business. While profitability is not the primary focus, we are confident in penetrating key markets like Asia Pacific and North America. (Haiyun Cao, Finance Director, Deputy General Manager) Q: What is your US shipment target for this year, and is there inventory in the US to support it? A: We aim for US shipments to account for 5% to 10% of total shipments, translating to around 4 to 5 gigawatts. However, uncertainties could impact this target. We are confident in achieving at least 5% if supply chain issues are resolved. (Haiyun Cao, Finance Director, Deputy General Manager) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Washington Post
29-04-2025
- Business
- Washington Post
JinkoSolar: Q1 Earnings Snapshot
JIANGXI PROVINCE, China — JIANGXI PROVINCE, China — JinkoSolar Holding Co. (JKS) on Tuesday reported a loss of $181.7 million in its first quarter. On a per-share basis, the Jiangxi Province, China-based company said it had a loss of $3.53. Losses, adjusted for non-recurring costs, came to $2.85 per share. The solar power product maker posted revenue of $1.91 billion in the period.
