Jinkosolar Hold - JKS STOCK NEWS

JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its subsidiary, Jinko Solar Co., Ltd., has completed the IPO registration process with the China Securities Regulatory Commission. This allows the subsidiary to enter the issuance process for its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, pending market conditions. Chairman Xiande Li expressed optimism that this move will strengthen JinkoSolar's leadership in the photovoltaic industry. The company has a robust production capacity, including 31 GW for mono wafers and 36 GW for solar modules as of September 30, 2021.

On December 9, 2021, JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that all resolutions proposed at its 2021 annual general meeting were approved by shareholders. Key approvals include the re-elections of directors Xianhua Li and Steven Markscheid, the ratification of PricewaterhouseCoopers Zhong Tian LLP as auditors for 2021, and authorization for directors to determine auditor remuneration. JinkoSolar continues to be a major player in the solar industry with a vertically integrated capacity of 31 GW for mono wafers, 19 GW for solar cells, and 36 GW for solar modules as of September 30, 2021.

JinkoSolar (NYSE: JKS) has announced a significant partnership with Aldo Solar, Brazil's largest solar distributor, for 2022. This collaboration marks the largest distribution agreement for Distributed Generation (DG) outside China, involving the distribution of approximately 4 million photovoltaic modules, equivalent to 2 GW of installed power. This agreement aims to boost the Brazilian solar market and enhance the availability of JinkoSolar's Tiger Pro panels. Both companies expect to double their business volume in this growing market.

JinkoSolar (NYSE: JKS) reported its Q3 2021 results, achieving revenues of RMB8.57 billion (US$1.33 billion), an 8.1% increase sequentially but a 2.3% decline year-over-year. Gross profit was RMB1.30 billion (US$201.1 million), down 4.6% sequentially and 13.3% year-over-year, with a gross margin of 15.1%. Notably, the company set a world record with a 25.4% efficiency in its N-Type solar cells. Looking ahead, JinkoSolar expects 7.3 to 8.8 GW in total shipments for Q4 2021 and aims for substantial increases in production capacity by year-end.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) will release its unaudited financial results for Q3 2021 on November 30, 2021, before U.S. market opens. A conference call hosted by management will take place on the same day at 7:30 a.m. ET. Participants can dial in using +852 3027 6500 for Hong Kong/International or +1 855-824-5644 for U.S. Toll-Free, using passcode 71417350#. A replay of the call will be accessible from December 7, 2021. For more details, visit JinkoSolar's website.

JinkoSolar Holding Co., Ltd. (NYSE: JKS) will hold its 2021 annual general meeting on December 9, 2021, at 10:00 a.m. Beijing time. Key agenda items include the re-election of directors Xianhua Li and Steven Markscheid, the ratification of PricewaterhouseCoopers Zhong Tian LLP as auditors, and the authorization of directors to determine auditor remuneration. Shareholders of record by November 10, 2021, will be eligible to vote. The full audited financial statements for 2020 are available on JinkoSolar’s website, and hard copies can be requested.

JinkoSolar (NYSE: JKS) announced a RMB450 million investment in Sichuan Yongxiang Energy Technology Co., Ltd. to establish a 100,000 tons annual capacity high-purity polysilicon production line. This investment, which grants JinkoSolar a 15% stake in the Project Company, aims to secure a stable supply of nearly 30,000 tons of polysilicon annually. The strategic move enhances JinkoSolar’s production reliability and supports its long-term goals in the photovoltaic industry, fostering collaboration with supply chain partners.

JinkoSolar (NYSE: JKS) has introduced its new ultra-efficient Tiger Neo modules featuring advanced N-type TOPCon technology. These modules achieve a maximum power output of 620W and a conversion efficiency of 22.30%. With enhancements in power generation, a bifacial factor of 85%, and reduced degradation, they offer long-term reliability backed by a 30-year warranty. The modules' design minimizes internal resistance and improves optical gain, resulting in 3% higher annual energy yield compared to traditional models. JinkoSolar aims to set industry benchmarks with this innovative product.

JinkoSolar (NYSE: JKS) has donated 70 laptops and one year of free internet to Catholic Charities Jacksonville (CCBJAX) to support refugees in Jacksonville, enhancing their access to online English classes. This initiative aims to bridge the digital divide and promote integration for refugees. The donation assists students who lack resources for technology, enabling remote learning during the pandemic. Executives from JinkoSolar, CCBJAX representatives, and local officials participated in a gifting ceremony on October 21, 2021, signifying a commitment to community support.