JINKOSOLAR HOLDINGS CO - JKS STOCK NEWS

JinkoSolar (NYSE: JKS) announced a breakthrough in their N-type TOPCon solar module technology, achieving a record-high conversion efficiency of 25.42%, as verified by TÜV SÜD. The innovative module incorporates advanced technologies such as metalization enhancement, high-precision non-destructive patterning, and high-energy density hydrogen passivation. These innovations reduce internal resistance losses, significantly enhancing efficiency. This milestone demonstrates the potential for rapid mass production of the module, reinforcing N-type TOPCon's competitive edge in sustainable energy solutions.

JinkoSolar has been recognized as a Top Performer in the 2024 PV Module Reliability Scorecard by Kiwa PVEL, marking its tenth consecutive recognition in all reliability categories. This edition introduced a new Top Performer category for hail testing, where JinkoSolar's EAGLE G6 series was specially distinguished. JinkoSolar is one of only two manufacturers to achieve this consistent recognition across all ten editions, reflecting its commitment to quality, innovation, and market-leading solutions. The PV Module Reliability Scorecard highlights manufacturers excelling in Kiwa PVEL's Product Qualification Program tests.

JinkoSolar (NYSE: JKS), a prominent solar module manufacturer, announced a breakthrough in its N-type TOPCon-based perovskite tandem solar cell, achieving a record 33.24% conversion efficiency. Tested by the Shanghai Institute of Microsystem and Information Technology, this surpasses the previous 32.33% record. Leveraging innovations like ultra-thin poly-Si passivated contact and novel light-trapping technology, this advancement demonstrates the synergy between TOPCon and next-gen perovskite/silicon tandem cells, breaking the efficiency ceiling of single-junction silicon cells. JinkoSolar's extensive R&D has resulted in over 3,800 global patent applications, with 3,500 granted. CTO Dr. Jin Hao highlights this achievement as a testament to the company’s commitment to technological innovation, aiming to build a sustainable energy future.

JinkoSolar Holding announced that its 2000-Volt EAGLE® Modules are the first to achieve UL certification for UL61730-1, UL61730-2, and IEC 61215 standards. These high-quality modules, certified in collaboration with UL Solutions, will be selectively deployed in the U.S. in Q3 2024, with general market availability in 2025.

The 2000-Volt modules enhance utility-scale project efficiency by increasing string lengths, reducing system component costs, and minimizing energy loss, thus offering a more competitive levelized cost of energy and higher ROI for projects. This milestone represents a significant advancement since the introduction of 1500-Volt modules eight years ago.

UL Solutions praised the collaboration, emphasizing their commitment to industry competitiveness and safety. JinkoSolar highlighted its strength in R&D and cost-effective scaling of advanced technologies to benefit U.S. customers.

JinkoSolar delivered over 1.1 million Tiger Neo modules to The Witznitz Solar Park in Germany, part of a 650 MW module capacity project. The facility, managed by MOVE ON Energy, is the biggest PV project in Germany and among the largest in Europe. The project includes investment from SIGNAL IDUNA and a 15-year PPA with Shell Energy Europe, aiming to produce 0.6 terawatt hours of electricity annually.

JinkoSolar, one of the largest and most innovative solar module manufacturers in the world, has repurchased a total of 4,203,178 ADSs in an aggregate amount of approximately US$104.1 million in the open market under its share repurchase program. The company extended its share repurchase program announced in July 2022 for an additional 18-month period through June 30, 2025. As of the date of this press release, approximately US$95.9 million of the Company's ordinary shares represented by the ADSs under the extended share repurchase program had not been utilized. The Company may continue to repurchase its ADSs through open-market transactions, privately negotiated transactions, or block trades, and/or other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations.

JinkoSolar Holding Co., (NYSE: JKS) reported that its module shipments grew by 53.3% year-over-year to 19.99 GW in the first quarter of 2024, ranking first in the industry. This included 21,907 MW of quarterly shipments, generating total revenues of RMB23.04 billion, with a gross profit of RMB2.74 billion. The company's net income attributable to JinkoSolar Holding Co., 's ordinary shareholders was RMB 609.4 million in Q1 2024. The company is optimistic about global market demand and expects its module shipments to be between 24.0 GW and 26.0 GW for the second quarter of 2024, and between 100.0 GW and 110.0 GW for the full year 2024. The company's chairman & CEO, Mr. Xiande Li, commented on the company's strong performance and leading industry position, emphasizing the potential for continued growth in global PV demand.

JinkoSolar Holding Co., provided information on a fire accident at one of its silicon wafer slicing and solar cell manufacturing workshops in Shanxi Province. The fire broke out on April 26, 2024, with no casualties. The incident is expected to impact the Company's operations and financial results in 2024, and the Company is taking measures to minimize disruption and ensure business continuity.

JinkoSolar Holding Co., announced that it has topped the PV Tech 2024 Q1 ModuleTech Bankability Report with a AAA rating, showcasing its manufacturing excellence, reliable quality, market share, financial performance, and technological innovation. The company achieved significant growth in 2023, with a total revenue of RMB 118.68 billion, up by 43.55% year-over-year, and a net profit of RMB 7.44 billion, up by 153.2% year-over-year. JinkoSolar's global module shipments exceeded 210 GW by the end of 2023, with a market share of 15%. The N-type Tiger Neo module was recognized as a top performer, highlighting JinkoSolar's commitment to technological innovation and exploration. The company aims to enhance its technological capabilities, innovate, improve product competitiveness, optimize resource allocation, reduce costs, and promote high-quality development in the global PV industry and clean energy sector.