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Annual Performance of Chinese Solar companies in 2015

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Top Chinese Solar Companies Performance – 2015

As FY2015 comes to an end, and most of the solar companies have declared their full year results, let us assess their performances. I will concentrate on teh Chinese solar companies now. Some of my favorite Chinese solar stcosks are Trina Solar (TSL), Jinko Solar (JKS), CanadianSolar (CSIQ), Hanwha Q ells (HQCL) and JA Solar (JASO). I was quite happy with their Q4’15 and FY’15 performance. These companies gave better than estimated results and are continuing to expand their production capacities to take advanatge of the double digit growth of the solar market globally. Some of the companies are Trina and Jinko have expanded capacities in Thailand and South East Asia to circumvent the anti-dumping duties imposed by Europe and USA. These companies also occupied leading positions in PV Tech’s top 10 module manufacturers for 2015.


PV Tech

Comparitive Analysis of Major Chinese Solar Companies in 2015

Shipment numbers

Shipments (in GW) Q4’15 FY’15 FY’16 (expected) Top Markets
Trina Solar 1.78 5.74 6.3-6.55 USA, China & Japan
Jinko Solar 1.7 4.2 6.5 China, North America, Europe
JA Solar* 1.32-1.35
Canadian Solar 1.43 4.7 5.4-5.5 USA, China, Europe
Renesola 0.373 1.6

* Results Expected

Downstream Project Buisness

All these companies have also been developing a strong downstream project portfolio, since this business is highly profitable. In fact Renesola has largely diversified its business, scaling it majorly towards project development. The company has more than 50% of its project portfolio in Europe and is also trying to expand in USA. Trina Solar has a project portfolio largely in China, but is also present in USA and Europe. Jinko Solar on the other hand has a large presence mainly in China. Canadian Solar has large projects in USA and Canada, and is also present in China, UK and Brazil.

Solar Panels

Other major Parameters


Revenues (in million $) Gross Margin (in %) Net profit (in million $)
Q4’15 FY’15 Q4’15 FY’15 Q4’15 FY’15
Trina Solar 961.9 3035.5 19.1 18.7 41.7 76.5
Jinko Solar 937 2535 19.5 20.34 53.9 105.1
JA Solar* 16.4-17.4
Canadian Solar 1120.3 3470 17.9 62.3 171.9
Renesola 296.4 1282 16 14.7 6.7 -5.1

* Results Expected


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

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