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JinkoSolar Holding Co., Ltd. (NYSE: JKS) drives global solar innovation through vertically integrated manufacturing and advanced N-type TOPCon technology. This page consolidates official announcements and market-moving developments for stakeholders tracking renewable energy sector leadership.
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JinkoSolar (NYSE: JKS) reported its Q1 2022 results with total revenues of RMB14.76 billion (US$2.33 billion), reflecting a 9.9% sequential decrease but an 85.9% year-over-year increase. Shipments of 8,390 MW were down 13.4% sequentially but up 56.7% year-over-year. The company's gross profit was RMB2.23 billion, down 15.8% sequentially, with a gross margin of 15.1%. Net income dropped to RMB28.9 million, down from RMB239.5 million in Q4 2021. Despite challenges such as high material costs and pandemic effects, JinkoSolar maintains its 2022 shipment guidance and aims to expand N-type cell production capacity.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) has achieved a new world record in solar technology with a maximum conversion efficiency of 25.7% for its 182 mm N-type monocrystalline silicon solar cell, surpassing the previous record of 25.4%. This milestone was confirmed by the National Institute of Metrology in China. The innovative cell incorporates advanced technologies and material upgrades, positioning JinkoSolar as a leader in the solar market. The company continues to invest in technology for cost-effective mass production and aims to enhance its competitive edge.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced preliminary unaudited financial results for Q1 2022. The company estimates net income attributable to shareholders of Jiangxi Jinko between RMB 380.0 million and RMB 420.0 million, marking a sequential increase of RMB 138.9 million to RMB 178.9 million, and a year-over-year rise of 57.63% to 74.22%. Excluding extraordinary items, net income is expected between RMB 280.0 million and RMB 320.0 million, with a staggering year-over-year growth of 261.46% to 313.09%.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced a proposed cash dividend plan for 2021 through its subsidiary, Jiangxi Jinko, with a total dividend amount of approximately RMB230 million, representing 20.15% of the subsidiary's net income of RMB1,141.4 million. This proposal will be submitted to the annual shareholders' meeting for approval. JinkoSolar holds around 58.62% equity interest in Jiangxi Jinko, emphasizing the company's commitment to rewarding its shareholders.
JinkoSolar Holding Co., Ltd. (NYSE: JKS), a leading solar module manufacturer, will announce its unaudited financial results for Q1 2022 on April 28, 2022, before U.S. markets open. A conference call will be held the same day at 8:00 a.m. ET, with dial-in details available for participants. An archived webcast will also be accessible on JinkoSolar's Investor Relations website. The company has a significant global presence, with 12 production facilities and a vertically integrated solar product value chain, boasting an annual capacity of 32.5 GW for mono wafers and 45 GW for solar modules.
JinkoSolar (NYSE: JKS) announced the delivery of over 500,000 bifacial solar modules for the 204MW Kozani Solar Power Plant in Greece. This major installation, inaugurated on April 6, 2022, consists of 18 sites and aims to produce up to 320 million kilowatt-hours annually, powering over 75,000 homes. JinkoSolar's partnership with juwi Hellas positions the Kozani project as a benchmark for renewable energy in Europe. The company maintains a substantial global solar product capacity, emphasizing its innovative position in the solar industry.
JinkoSolar (NYSE: JKS) has announced a historic milestone, becoming the first company to deliver 100GW of solar modules globally. This achievement highlights JinkoSolar's significant role in the solar PV sector, with approximately 10% of the world's solar modules produced by the company. The new Tiger Neo modules feature a maximum power output of 620W and high conversion efficiency of up to 22.30%. JinkoSolar continues to innovate with its BIPV modules, enhancing solar energy accessibility for buildings.
JinkoSolar (NYSE: JKS) announced strong financial results for Q4 and the full year 2021, overcoming supply chain challenges. In Q4 2021, total shipments surged to 9,693 MW, resulting in revenues of RMB16.39 billion (US$2.57 billion), a 91.2% sequential increase. Full-year revenues reached RMB40.83 billion (US$6.41 billion), up 16.2% year-over-year. Net income for Q4 was RMB239.5 million (US$37.6 million), a sharp turnaround from a loss the previous year. The company aims to increase production capacity significantly in 2022 and has launched its N-type Tiger Neo modules, which are well-received in the market.
JinkoSolar has entered a project investment cooperation framework agreement with key Chinese government entities to develop a monocrystalline silicon pull rod project in Xining, Qinghai province. The project, which spans two phases, aims for a total annual production capacity of 30 GW and involves a total investment of approximately RMB 10 billion. The first phase will begin construction in April 2022 with a capacity of 20 GW, requiring RMB 7 billion. The second phase, set for 2023-2024, plans for an additional 10 GW production line with a RMB 3 billion investment.
On March 18, 2022, JinkoSolar (NYSE: JKS) announced that its subsidiary, Jiangxi Jinko, has signed an investment framework agreement with the Guangxin District Government in Shangrao, China. The agreement aims to establish a high-efficiency solar module and PV module aluminum frame project with a total investment of approximately RMB10.8 billion. The project will produce 24 GW of solar modules and 100,000 tons of aluminum frames across three phases, with operations expected to commence by December 15, 2022, and full completion targeted for June 15, 2023.
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