Jinko sees drop in quarterly profits despite increase in revenues

The Chinese company posted net profits of RMB76.4m ($12.3m), a drop from the RMB138.2m in the corresponding three months of 2014.

Total revenues were RMB3.2bn, an increase of 31.6% from RMB2.4bn in the second quarter of last year, mainly attributable to the increases in shipments of modules and electricity revenues.

However, the group saw a 42.9% increase in operating expenses in the quarter, rising to RMB426.6m,