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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 Holding Co. (NYSE: JKS), a leading solar module manufacturer, announced that its EAGLE Encore Residential Solar + Storage platform has been named the 2023 Sustainable Product of the Year by Green Builder® Media. This recognition, which marks the second consecutive year JinkoSolar has received this award, highlights the EAGLE Encore platform as an innovative integrated solar and storage solution. It includes the high-performance EAGLE Continental solar module coupled with a 7.6kW/26.2kWh EAGLE RS battery storage system. The system utilizes Lithium Iron Phosphate (LFP) technology and features a hybrid inverter that optimizes energy management for homeowners. JinkoSolar aims to enhance sustainability and resiliency, aligning with homeowners' needs for clean energy solutions.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced on
On April 23, 2023, JinkoSolar (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for Q1 2023. The estimated net income for Jiangxi Jinko is projected between RMB 1.60 billion and RMB 1.70 billion, marking a significant increase of 298.89% to 323.82% year-over-year. Furthermore, the net income excluding extraordinary items is expected to range from RMB 1.20 billion to RMB 1.30 billion, reflecting a 299.48% to 332.77% increase from the previous year. JinkoSolar retains about 58.62% equity interest in Jiangxi Jinko. However, investors are cautioned that these preliminary results differ from JinkoSolar's consolidated financials due to varying accounting standards and consolidation scopes.
JinkoSolar (NYSE: JKS), a leading solar module manufacturer, is set to release its unaudited financial results for the first quarter ending March 31, 2023, on April 28, 2023, prior to the U.S. market opening. An earnings conference call will be held the same day at 8:00 a.m. ET. Interested participants must register in advance to receive dial-in details. A replay of the call will be accessible starting two hours after it concludes until May 5, 2023. The call will also be available via a live and archived webcast on JinkoSolar's Investor Relations website. JinkoSolar, known for its innovation and extensive distribution network, serves a global customer base across multiple countries.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced that its subsidiary, Jiangxi Jinko, has successfully registered with the China Securities Regulatory Commission (CSRC) to issue convertible bonds. The total offering could reach RMB10 billion. JinkoSolar holds approximately 58.62% of Jiangxi Jinko and maintains preemptive rights for a portion of these bonds. This move aims to strengthen its financial position and expand operations in the solar manufacturing sector.
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