| EARNINGS/(LOSS) PER SHARE |
22. EARNINGS/(LOSS) PER SHARE Basic earnings per share and diluted earnings/(loss) per share have been calculated as follows (RMB in thousands, except for share and per share data): | | | | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Numerator: | | | | | | | Net income/ (loss) | | 6,452,554 | | 13,487 | | (7,110,688) | Less: Net (income)/loss attributable to non-controlling interests | | (3,005,111) | | 76,979 | | 2,751,476 | Less: Net income attributable to redeemable non-controlling interests | | — | | (35,926) | | (85,882) | Net income attributable to JinkoSolar’s ordinary shareholders | | 3,447,443 | | 54,540 | | (4,445,094) | Dilutive effects of convertible senior notes | | (5,574) | | (320,243) | | — | Numerator for diluted income/(loss) per share | | 3,441,869 | | (265,703) | | (4,445,094) | | | | | | | | Denominator: | | | | | | | Denominator for basic earnings per share–weighted average number of ordinary shares outstanding | | 207,705,476 | | 208,607,597 | | 208,412,077 | Dilutive effects of share options | | 6,920,728 | | — | | — | Dilutive effects of convertible senior notes | | 11,486,880 | | 1,374,243 | | — | Dilutive effects of convertible notes issued by Jiangxi Jinko | | — | | — | | — | | | | | | | | Denominator for diluted calculation–weighted average number of ordinary shares outstanding | | 226,113,084 | | 209,981,840 | | 208,412,077 | Basic earnings per share attributable to JinkoSolar’s ordinary shareholders | | 16.60 | | 0.26 | | (21.33) | Diluted earnings/(loss) per share attributable to JinkoSolar’s ordinary shareholders | | 15.23 | | (1.27) | | (21.33) |
For the year ended December 31, 2024 and 2025, convertible notes issued by the Company’s subsidiary, Jiangxi Jinko and share option issued by the Company were not included in the computation of diluted EPS because of their anti-dilutive effect.
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