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Overview of JinkoSolar Holding Co., Ltd.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) stands as a global innovator in the photovoltaic industry, renowned for its comprehensive, vertically integrated solar module manufacturing process. The company transforms raw materials into high-quality silicon wafers, solar cells, and complete solar modules using advanced manufacturing techniques and rigorous quality control. With an unyielding commitment to technological innovation and operational excellence, JinkoSolar delivers products that are essential to the growth of renewable energy, addressing global energy demands with sustainability and efficiency.
Integrated Manufacturing and Cutting-Edge Technology
At its core, JinkoSolar leverages an integrated production value chain — from silicon ingot production to the final assembly of solar modules. The company employs state-of-the-art processes and technologies, including N-type TOPCon systems, which have been repeatedly refined through sustained R&D efforts. This commitment to advanced technology ensures that every product meets stringent efficiency and reliability standards. The application of high-precision patterning, metalization enhancement, and innovative passivation techniques has positioned JinkoSolar as a benchmark for excellence in energy conversion efficiency within the industry.
Global Footprint and Market Reach
JinkoSolar’s diversified operational structure is characterized by a network of production bases, sales offices, and R&D centers strategically located around the globe. This expansive geographic presence allows the company to serve utility-scale projects, as well as commercial and residential installations, across various international markets including China, North America, Europe, Asia Pacific, and other regions. Such a broad market reach not only reinforces its status as an influential player in the solar industry but also emphasizes its capability to successfully navigate multiple regulatory and market environments.
Commitment to Quality and Innovation
Quality control and continuous innovation are pillars of JinkoSolar’s business operations. The company rigorously tests its products using internationally recognized standards to guarantee long-term performance and durability. A dedicated R&D team works relentlessly to push the boundaries of photovoltaic efficiency, ensuring that every generation of solar products builds on the last. By embracing digital transformation and smart production capabilities, JinkoSolar streamlines its processes from raw material management to final product distribution, thereby enhancing overall efficiency and minimizing internal losses.
Strategic Competitive Position
Within an industry marked by intense competition and evolving market dynamics, JinkoSolar differentiates itself through a combination of vertical integration, technological prowess, and a robust global sales network. The company’s integrated production model reduces dependency on external suppliers, ensuring consistent quality and a competitive cost structure. Its relentless focus on innovation has led to multiple breakthroughs in cell conversion efficiency and manufacturing scalability. This strategic positioning enables JinkoSolar to adapt to shifting market demands while maintaining high industry standards.
Deep Industry Expertise and Authoritativeness
The level of expertise demonstrated by JinkoSolar is evident in its sustained investment in R&D and the extensive patent portfolio it has built over the years. By continually setting new benchmarks in solar cell performance, the company has gained recognition for its commitment to excellence. The breadth of its technical innovations, ranging from precision manufacturing to advanced encapsulation techniques, illustrates its deep understanding of both the scientific and market challenges in renewable energy. This detailed approach not only instills confidence among its customers and stakeholders but also reinforces its position as a trusted authority in the field.
Operational Resilience and Market Adaptability
Despite facing common challenges in the renewable energy sector, such as pricing pressures and fluctuating demand, JinkoSolar has consistently maintained its commitment to optimizing production efficiency and reducing operational costs. Its adaptive strategies and efficient supply chain management have enabled the company to sustain a high level of operational performance. By continuously refining its manufacturing processes and embracing technological advancements, JinkoSolar demonstrates resilience and foresight in navigating industry cycles and market shifts.
Conclusion
JinkoSolar Holding Co., Ltd. embodies the essence of innovation and quality in the photovoltaic market. With a focus on integrated manufacturing, advanced N-type TOPCon technology, and a strong global presence, the company provides reliable and efficient clean energy solutions to a diverse international clientele. Its strategic approach and deep industry expertise make it an essential reference point for understanding the evolving dynamics of solar energy production and distribution.
JinkoSolar (NYSE: JKS) reported its Q4 and full year 2024 financial results, showing mixed performance. Module shipments for 2024 increased 18.3% year-over-year to 92.9 GW, maintaining industry leadership. However, financial metrics declined significantly due to market challenges.
Q4 2024 highlights: Revenue decreased 37.1% YoY to US$2.83 billion, with gross margin falling to 3.6% from 12.5% in Q4 2023. The company reported a net loss of US$64.9 million, compared to net income in previous quarters.
Full year 2024 performance: Total revenue declined 22.3% to US$12.64 billion, with gross margin dropping to 10.9% from 16.0% in 2023. Net income fell 98.3% to US$7.9 million.
Technology achievements include reaching 26.5% mass production efficiency for N-type TOPCon cells and securing 462 TOPCon patents. The company expects 2025 module shipments between 85.0-100.0 GW and plans to reach production capacities of 120.0 GW for mono wafers, 95.0 GW for cells, and 130.0 GW for modules by year-end.
JinkoSolar (NYSE: JKS), a leading global solar module manufacturer, has scheduled the release of its unaudited financial results for Q4 and full year 2024 before U.S. markets open on March 26, 2025.
The company will host an earnings conference call on the same day at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time). A replay of the call will be available for one week until April 2, 2025. Interested participants can pre-register through the provided online registration link, and a webcast will be accessible through JinkoSolar's Investor Relations website.
JinkoSolar (NYSE: JKS) has achieved a significant milestone by becoming the most bankable solar module company in BloombergNEF's 2024 PV Module Bankability Survey, securing a perfect 100% bankability rating. This recognition stems from the company's robust financial position, technological innovations, and proven product reliability.
The company's achievements include:
- Total module shipments exceeding 300GW by end of 2024
- Tiger Neo series modules reaching 140GW in cumulative shipments
- Presence in nearly 200 countries and regions
The latest Tiger Neo 3.0 series, utilizing N-type TOPCon technology, showcases impressive specifications:
- Power ratings over 670W
- Maximum module efficiency of 24.8%
- Bifaciality up to 85%
- 3.38% increase in power generation from high bifaciality
- 3.14% reduction in Levelized Cost of Electricity (LCOE)
JinkoSolar's subsidiary Jiangxi Jinko released preliminary unaudited financial results for 2024, showing significant declines in performance. Revenue decreased by 21.96% year-on-year to RMB92.62 billion, while net income attributable to shareholders fell 98.78% to RMB90.54 million. The company reported a net loss of RMB1,011.98 million excluding extraordinary items, a 114.66% decrease year-on-year.
The decline was primarily due to reduced selling prices of photovoltaic products amid supply-demand mismatches in the industry. Despite maintaining leading position in module shipments and implementing efficiency improvements, Jiangxi Jinko's performance was affected by prolonged pricing pressure, obsolete capacity elimination, and a fire accident. JinkoSolar currently owns 58.59% equity interest in Jiangxi Jinko.
JinkoSolar (NYSE: JKS) has secured the top position in Wood Mackenzie's Global Solar Module Manufacturers Ranking 2025, based on data from H1 2024. The ranking evaluated 40 manufacturers across nine criteria, including manufacturing experience, vertical integration, capacity utilization, and technological maturity.
The company's cumulative module shipments exceeded 300 GW by end-2024, maintaining its global leadership in shipments for five years. Their Tiger Neo N-type TOPCon modules achieved 140 GW in shipments since launch, with quarterly sales exceeding 20 GW in 2024, leading sales for six consecutive quarters.
JinkoSolar has launched its third-generation N-type TOPCon Tiger Neo 3.0 solar modules, featuring power outputs up to 670W and introducing the industry's first 495W residential module with 24.8% conversion efficiency.
JinkoSolar's subsidiary Jiangxi Jinko has released preliminary unaudited financial estimates for full year 2024. The company projects a significant decline in performance, with preliminary unaudited net income attributable to shareholders estimated between RMB80 million to RMB120 million, representing a decrease of 98.39% to 98.92% year-over-year.
Additionally, preliminary unaudited net loss attributable to shareholders, excluding extraordinary gains and losses, is estimated between RMB750 million to RMB1,050 million, marking a decrease of 110.86% to 115.21% year-over-year.
JinkoSolar currently maintains a 58.59% equity interest in Jiangxi Jinko. The company notes that these preliminary results differ from JinkoSolar's consolidated financial results due to different consolidation scopes and accounting standards (PRC GAAP vs US GAAP).
JinkoSolar (NYSE: JKS) has achieved a new breakthrough in solar cell technology, setting a world record with a 33.84% conversion efficiency for its N-type TOPCon-based perovskite tandem solar cell. This surpasses their previous record of 33.24% and marks their 27th world record for efficiency and power output in PV products.
The achievement was independently verified by the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences. The record-breaking cell combines JinkoSolar's N-type monocrystalline TOPCon solar cell as the bottom cell with advanced technologies including full-area passivated contact technology, perovskite interfacial defect passivation technology, and bulk defect passivation technology.
This breakthrough demonstrates TOPCon's compatibility with next-generation perovskite/silicon tandem cell technology, potentially opening new avenues for photovoltaic industry development.
JinkoSolar (NYSE: JKS) held its 2024 Annual General Meeting where shareholders approved all proposed resolutions. Key approvals include: the re-election of Mr. Xianhua Li and Mr. Steven Markscheid as directors, the ratification of Mr. Gang Chu's appointment as an independent director, and the appointment of PricewaterhouseCoopers Zhong Tian LLP as the company's auditors for fiscal year 2024. Shareholders also authorized directors to determine auditor remuneration and take necessary actions to implement these resolutions.
JinkoSolar (NYSE: JKS) has received two prestigious awards from EUPD Research: the Solar Prosumer Award and the DACH Energy Transition Award. The Energy Transition Award recognizes pioneers in the energy transition across Germany, Austria, and Switzerland (DACH region) who effectively integrate new energy solutions into their portfolio. The Solar Prosumer Award acknowledges companies that excel in innovative business models and solutions in solar energy, particularly supporting consumers who become energy producers through solar system installations. Frank Niendorf, JinkoSolar's EU Vice-President, highlighted that these awards reflect both their commitment to delivering comprehensive energy solutions and the direct trust of German PV system owners in the JinkoSolar brand.
JinkoSolar (NYSE: JKS) has announced significant changes to its share repurchase program. The Board has approved increasing the program's value from US$200 million to US$350 million and extending its duration through June 30, 2026. As of the announcement, the company had already repurchased approximately US$134.5 million of ADSs under the existing program, leaving about US$215.5 million available for future repurchases.
The company plans to execute these repurchases through various means, including open-market transactions, private negotiations, and block trades, using existing funds and external financing. The program demonstrates JinkoSolar's confidence in its long-term growth, supported by its N-type TOPCon technology and global operations network.
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