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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.
On March 8, 2021, JinkoSolar (NYSE: JKS) announced that its R&D Center module laboratory achieved satisfactory results in the national assessment of PV Modules Testing Accuracy. Conducted by the National Institute of Metrology, China, the laboratory excelled in all test categories, earning the 'Qualified Laboratory Certificate.' The company aims to enhance collaboration with authoritative institutions to foster the PV industry's high-quality development. JinkoSolar continues to lead in technological innovation, reflecting its commitment to delivering high-quality products.
JinkoSolar (NYSE: JKS) has become the first international solar company to sign the Global Framework Principles for Decarbonizing Heavy Industry, aimed at promoting clean energy in the heavy industry sector, a significant contributor to global emissions. Vice President Dany Qian emphasized the importance of renewable energy in this transition. The press release also highlights the role of governments in sustainable recovery programs and calls for collaborative actions to accelerate decarbonization. JinkoSolar aims to provide innovative clean energy solutions to facilitate this shift.
JinkoSolar (NYSE: JKS) plans to sign a strategic cooperation agreement with Tongwei Co., Ltd. to invest in a high-purity crystalline silicon project with an annual capacity of 45,000 metric tons and a silicon wafer project with a 15GW annual capacity. JinkoSolar will hold a 35% stake in the silicon project, while Tongwei will have a 30% stake in the wafer project. This partnership aims to enhance resource integration in the solar industry and ensure competitive pricing in production. JinkoSolar will also supply Tongwei with approximately 6.5GW of wafer products over three years.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) announced a significant solar glass procurement contract with Flat Glass Group Co. Ltd. on February 18, 2021. This agreement secures approximately 338 million square meters of glass to support the manufacturing of 59GW of high-efficiency solar modules over three years (2021-2023). This contract aims to stabilize supply amid rising demand and enhance the company’s supply chain management, ensuring reliable solar product availability.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced the completion of its at-the-market offering, selling 1,494,068 American depositary shares (ADS) and raising US$98.25 million after expenses. The offering was part of a US$100 million program aimed at strengthening its financial position. JinkoSolar, a leading solar module manufacturer, maintains a robust global presence with production capabilities of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules as of September 2020.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that all shareholder resolutions from its 2020 annual general meeting were approved. Key resolutions included the re-election of directors Yingqiu Liu, Wing Keong Siew, and Haiyun (Charlie) Cao, as well as the ratification of PricewaterhouseCoopers Zhong Tian LLP as auditors for 2020. Shareholders also authorized directors to set auditor remuneration and necessary actions for these resolutions. JinkoSolar remains a leading solar module manufacturer with a significant global footprint and impressive production capacity as of September 30, 2020.
JinkoSolar Holding Co., Ltd (NYSE: JKS) announced that its solar modules are generating nearly 550 MW AC, representing over one-third of Australia's utility solar PV capacity, which totals around 1.5 GW. With upcoming connections from several power plants, JinkoSolar's output will reach 1 GW AC. This achievement reinforces JinkoSolar's leadership in the Australian market, reflecting its commitment to renewable energy innovation and customer recognition.
JinkoSolar (NYSE: JKS) announced that its modules are generating nearly 550 MW AC in Australian utility-scale solar farms, representing over one third of the sector's total capacity, which is approximately 1.5 GW. The capacity will increase to 1 GW AC once additional power plants, including Sunraysia and Glenrowan, are connected to the grid. This achievement underscores JinkoSolar's leadership in the Australian market and reflects its commitment to advancing renewable energy solutions.
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