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JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a global powerhouse in the solar industry, recognized as one of the world's largest and most innovative manufacturers of solar modules. The company boasts a vertically integrated solar product value chain, with a substantial annual capacity: 3.5 GW for silicon ingots and wafers, 3 GW for solar cells, and 6.5 GW for solar modules. JinkoSolar's expansive operations span across 14 production facilities worldwide, including locations in China, Portugal, South Africa, and Malaysia.
Headquartered in Shangrao, China, JinkoSolar provides cutting-edge solar products and comprehensive solutions to a diverse international clientele comprising utility-scale, commercial, and residential customers. The company's product portfolio includes silicon wafers, solar cells, and high-efficiency solar modules, particularly the N-type TOPCon modules. JinkoSolar's advanced technology and continuous innovation have positioned it at the forefront of the photovoltaic (PV) industry. Notably, JinkoSolar's N-type Tiger Neo module series has gained acclaim for its superior performance and reliability.
JinkoSolar's commitment to innovation is underscored by its robust R&D efforts, with over 15,000 employees, including 200 dedicated R&D professionals, working to push the boundaries of solar technology. The company holds more than 3,500 global patents and has achieved numerous breakthroughs, including setting world records for cell conversion efficiency and module performance. Recently, JinkoSolar reported a landmark perovskite tandem solar cell efficiency of 33.24%, further cementing its leadership in PV technology.
Financially, JinkoSolar continues to demonstrate robust growth. The company reported total revenue of RMB 118.68 billion for 2023, marking a 43.55% year-over-year increase. Net profit attributable to shareholders surged by 153.2% to RMB 7.44 billion. In Q1 2024, JinkoSolar's module shipments grew by 53.3% year-over-year to 19.99 GW, with N-type shipments accounting for nearly 80%. The company's strategic focus on expanding its global footprint and enhancing its production capabilities is evident in its extensive network of 26 overseas subsidiaries and numerous sales offices worldwide.
JinkoSolar has also been proactive in addressing challenges and ensuring operational continuity. For instance, following a fire incident at its Shanxi manufacturing facility, the company swiftly implemented contingency plans to minimize disruptions. JinkoSolar remains committed to sustainable development and the promotion of clean energy solutions globally.
With ambitious plans for the future, JinkoSolar expects its annual production capacity for mono wafers, solar cells, and solar modules to reach 120 GW, 110 GW, and 130 GW, respectively, by the end of 2024. The company continues to lead the global transition towards renewable energy, driven by its technological excellence and unwavering commitment to innovation and sustainability.
JinkoSolar (NYSE: JKS), a leading solar module manufacturer, announced it will disclose its unaudited financial results for Q3 2022 on October 28, 2022, before U.S. markets open. An earnings conference call will follow at 8:00 a.m. ET the same day. Participants can join via phone or listen to a live webcast on JinkoSolar's Investor Relations page. A replay will be available after the call until November 4, 2022. The company is known for its extensive global operations and innovative solar solutions.
JinkoSolar (NYSE: JKS) announced a record-breaking achievement in solar technology, reaching a maximum conversion efficiency of 26.1% for its 182 mm N-type monocrystalline silicon solar cells. This new record, verified by the National Institute of Metrology in China, surpasses its previous record of 25.7% set in April 2022. The company attributes this advancement to innovative technologies, such as interface defect passivation and ultra-thin metallization. JinkoSolar aims to enhance R&D and mass production capabilities to further elevate industry standards.
JinkoSolar (NYSE: JKS) reported strong second-quarter 2022 results with revenues of RMB18.84 billion (US$2.81 billion), a 137.6% increase year-over-year. Shipments reached 10,532 MW, growing by 102.4% from the previous year. Despite this growth, the company faced a net loss of RMB623.3 million (US$93.1 million), primarily due to rising polysilicon prices and increased operating expenses. Gross profit was RMB2.77 billion (US$413.8 million), with a gross margin of 14.7%. For Q3 2022, JinkoSolar expects shipments between 9.0 GW and 10.0 GW.
JinkoSolar (NYSE: JKS) announced power rationing in Sichuan, impacting its production capacity since August 15, 2022. The local government implemented these measures to address regional power shortages, affecting JinkoSolar's operations. The company is taking steps to mitigate the impact, such as increasing output from other manufacturing facilities and engaging with local authorities. However, uncertainty remains regarding the duration of the power rationing and its potential effects on the company's financial performance for 2022.
JinkoSolar, a leading solar module manufacturer, is set to release its unaudited financial results for Q2 2022 on August 26, 2022, prior to U.S. market opening. The earnings call will take place at 8:00 a.m. ET. Investors can join via the dial-in numbers or listen to the webcast on JinkoSolar's website. A replay will be available until September 2, 2022. The company continues to expand its global footprint, with an integrated annual capacity of 40 GW for mono wafers and 50 GW for solar modules as of March 31, 2022.
JinkoSolar's subsidiary, Jiangxi Jinko, plans to issue convertible bonds worth up to RMB10 billion. These bonds, with a six-year term, aim to fund the development of solar production projects and enhance working capital. JinkoSolar holds a 58.62% stake in Jiangxi Jinko and has the right to subscribe to a portion of the bonds. The issuance is subject to regulatory reviews by the Shanghai Stock Exchange and China Securities Regulatory Commission.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced an approval for a share repurchase program worth up to US$200 million for its ordinary shares through American depositary shares (ADS) over the next 18 months. The repurchase will occur in open-market transactions or privately negotiated deals, based on market conditions. JinkoSolar plans to fund the buyback using existing resources. Chairman and CEO Xiande Li expressed confidence in the company’s growth, attributing it to their strategic investments and integrated capacity structure.
JinkoSolar (NYSE: JKS) has announced its first overseas "RE100 factory" in Malaysia, achieving 100% renewable energy in its production processes. The factory supports a capacity of around 7GW and uses green electricity from utility-scale power purchase agreements. Expected annual power consumption is 335 million kWh, leading to a reduction of about 214,200 tons of CO2 emissions. This milestone highlights JinkoSolar's commitment to sustainability and the renewable energy transition.
JinkoSolar (NYSE: JKS) has signed a significant distribution agreement with Aldo Solar, marking a milestone in the Latin American market. With this deal, Aldo Solar will distribute approximately 600 MW of JinkoSolar's new N-type ultra-efficiency Tiger Neo modules. This agreement positions Brazil as the first market in Latin America for these advanced panels. Pre-sale is expected to begin in July 2022. JinkoSolar continues to innovate within the solar sector, responding to increasing demand for clean energy solutions globally.
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