JinkoSolar (JKS) was attacked by Bonitas Research in March 2020 alleging fraud. The company produced a short denial without addressing any of the issues raised. After a halving of its share price, JKS announced a US$100m share buyback programme. In early 2021, there were a series of management resignations but it is not clear if this is due to rotation within the group or dissatisfaction. The company has since produced its FY20 financial statements which were signed-off by auditors PricewaterhouseCoopers Zhong Tian. As such, these allegations remain unproven. In January 2022, Bleecker Street Research accused JKS of using forced labour in its solar panel manufacturing. However, JKS has denied these allegations, and after a temporary halt, imports into the US have continued. Over this period, JKS's share price has performed in line with the other Chinese solar panel makers. Therefore, these allegations are unproven.

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