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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.
