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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) has been invited to speak at Climate Week NYC 2020, the largest climate summit, organized by the Climate Group and the United Nations. The company will participate in the RE100 Members Forum, celebrating organizations committed to renewable energy. JinkoSolar is the first module supplier to join RE100, which includes 254 companies demanding over 240 TWh of electricity annually. This commitment signals the economic viability of renewable electricity and positions JinkoSolar as a leader in the transition to a low-carbon economy.
JinkoSolar (NYSE: JKS) announced a partnership with ENEOS, Japan's largest oil refiner, to provide solar modules for a Virtual Power Plant (VPP) project. This initiative marks JinkoSolar's entry into the VPP sector in Japan, utilizing high-efficiency monocrystalline products to integrate with gas stations for a cloud-based energy network. The VPP aims to optimize battery control and maximize solar energy utilization. JinkoSolar is recognized as the first foreign solar manufacturer to ship over 1 GW annually in Japan, showcasing its commitment to renewable energy and collaboration with local partners.
On September 14, 2020, JinkoSolar (NYSE: JKS) announced it supplied Trung Nam Group with 611MW of its advanced Tiger bifacial transparent backsheet modules for the Thuan Nam solar power plant in Vietnam. This project is among the largest solar initiatives utilizing bifacial modules in Southeast Asia. The Tiger modules, featuring half-cell and Tiling Ribbon technologies, enhance efficiency, reliability, and reduce electricity costs. JinkoSolar’s solutions aim to boost solar energy deployment and support Vietnam’s renewable energy objectives.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) has achieved a perfect score of 100/100 in the Silicon Valley Toxics Coalition's Solar Scorecard, surpassing 36 other manufacturers. This score emphasizes JinkoSolar's commitment to environmental, health, and safety metrics in solar module production. A year prior, the company joined the RE100 initiative, pledging to power its operations entirely with renewable energy by 2025. CEO Kangping Chen expressed a desire for industry-wide sustainable practices, while the SVTC praised JinkoSolar's leadership in responsible manufacturing.
JinkoSolar Holding Co., Ltd. (NYSE: JKS), a leading solar module manufacturer, announced it will release its unaudited financial results for Q2 2020 on September 23, 2020, before U.S. market opening. An earnings conference call is scheduled for the same day at 8:00 a.m. ET, with dial-in information provided for global participants. A replay will be available post-call until September 30, 2020. JinkoSolar operates a globally integrated solar product value chain, boasting a capacity of 17.5 GW for mono wafers and 16 GW for solar modules as of March 31, 2020.
JinkoSolar (NYSE: JKS) has been recognized by Bloomberg New Energy Finance as a leading solar brand in debt-financed projects and the most bankable PV manufacturer globally. The BNEF survey ranked 49 solar module manufacturers, and JinkoSolar achieved a perfect bankability score from all respondents, confirming its modules secured more term-loan financing than any other Chinese brand. CEO Kangping Chen emphasized the company's commitment to R&D and high-quality solar products, enhancing investor confidence in long-term returns.
JinkoSolar (NYSE: JKS) has signed a contract with Shanghai Electric to supply about 1 GW of solar modules for the DEWA Solar Park in Dubai. This project aligns with Dubai's goal of generating 75% of its power from clean energy by 2050. The company will provide its Swan series modules, designed for high efficiency in extreme temperatures, reducing LCOE and improving ROI. Additionally, JinkoSolar has established a strategic partnership with Shanghai Electric to strengthen cooperation in renewable energy projects globally.
JinkoSolar (NYSE: JKS) has unveiled its latest innovation, the 610W Tiger Pro high-efficiency monocrystalline solar module, showcased at SNEC 2020 in Shanghai. This new module incorporates N-Type HOT 2.0 technology, achieving a cell efficiency of 24.79%, setting a new world record. Additionally, JinkoSolar introduced colored BIPV solutions with a power output of up to 550W, blending aesthetic architecture with solar technology. The company aims to enhance R&D investments to further optimize product performance and maintain its leading position in the global solar market.
On August 6, 2020, JinkoSolar (NYSE: JKS) announced its ambitious RE100 roadmap to achieve 100% renewable energy by 2025. This initiative includes building factories near renewable energy sources, enhancing R&D for efficient solar products, optimizing production processes, and promoting recycling. JinkoSolar aims to utilize more onsite solar energy by deploying panels on its facilities worldwide and encouraging suppliers to use renewable energy. The company is committed to sustainable practices and reducing emissions while leading the solar industry in environmental responsibility.
JinkoSolar (NYSE: JKS) achieved a significant milestone with its large-area N-type monocrystalline silicon solar cells, reaching a maximum solar conversion efficiency of 24.79%, setting a world record for large-size contact-passivated solar cells. This achievement, confirmed by the Institute for Solar Energy Research in Hamelin, showcases JinkoSolar's dedication to technological innovation and highlights advancements in cell fabrication and materials. The new technology will soon be incorporated into production, bolstering JinkoSolar's competitive edge in the solar market.
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