JinkoSolar Holding Co., Ltd. reports developments tied to its photovoltaic manufacturing business and its NYSE-listed American depositary shares. The company operates across the solar product value chain, with silicon wafers, solar cells and solar modules sold under the JinkoSolar brand, including Tiger Neo modules. Its updates also cover energy storage systems and integrated solar-plus-storage solutions for utility, commercial and residential customers across international markets.
Recurring news themes include quarterly and annual financial results, module shipment trends, overseas market demand, photovoltaic product pricing, technology updates involving N-type TOPCon and perovskite tandem solar cells, U.S. manufacturing and supply-chain activity, and disclosures from its majority-owned principal operating subsidiary, Jinko Solar Co., Ltd., also referred to as Jiangxi Jinko.
JinkoSolar (NYSE: JKS) announced preliminary unaudited financial results for its subsidiary, Jiangxi Jinko, for the year ended December 31, 2022. The estimated net income attributable to shareholders of Jiangxi Jinko is projected to range from RMB2.66 billion to RMB2.96 billion, a year-over-year increase of approximately 133.05% to 159.33%. Excluding extraordinary items, net income is expected between RMB2.50 billion and RMB2.80 billion, reflecting a significant increase of 371.17% to 427.71% year-over-year. Investors are cautioned that these results differ from JinkoSolar’s consolidated financials due to varying consolidation scopes and accounting standards.
JinkoSolar has launched its Second Generation Tiger Neo panel family, showcasing cutting-edge solar technology. The new panels deliver power outputs of up to 635Wp and efficiencies of 22.27% to 23.23%. Enhanced features include a bifacial factor of up to 85%, optimized temperature coefficient, and improved low-light performance. With a projected lifespan of 15 years and a warranty of 30 years, these panels offer robust reliability. JinkoSolar aims to enhance solar efficiency and system performance through its innovative N-type technology.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced the results of its 2022 annual general meeting (AGM) held on December 27, 2022. Shareholders approved several resolutions, including the re-election of Mr. Haiyun Cao as a director and the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors for 2022. However, the proposed re-election of Mr. Kangping Chen was rejected by shareholders. Following the AGM, the board now comprises six directors, including three independent directors.
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JinkoSolar has achieved a significant milestone by setting a new record for solar conversion efficiency at 26.4% with its 182 mm N-type monocrystalline silicon solar cell. This breakthrough, verified by the National Institute of Metrology in China, surpasses their previous record of 26.1%. The Company attributes this success to its dedicated R&D team and innovative technologies. Dr. Jin Hao, CTO, expressed confidence in continued advancements in efficiency and cost-effectiveness, contributing to the clean energy transition.
JinkoSolar (NYSE: JKS) announced it will supply approximately 522 MW of Tiger Neo 78 Cell modules for Phase 1 of the Santa Luzia Complex Project in Paraíba, Brazil. This project, which will eventually generate 1.2 GW of power, has an estimated investment of BRL 4.1 billion and will create 750 direct jobs. The shipment of modules for Phase 1 began in November 2022 and is expected to complete by May 2023, with commercial operations starting in January 2024. The partnership with Rio Alto Energies Renováveis enhances project reliability and reflects Brazil's commitment to renewable energy.
JinkoSolar Holding Co. (NYSE: JKS) will hold its 2022 annual general meeting on December 28, 2022, at 10:00 a.m. Beijing time. Key agenda items include the re-election of directors Kangping Chen and Haiyun Cao, and ratification of PricewaterhouseCoopers as auditors for fiscal year 2022. Only shareholders of record as of November 28, 2022, are eligible to vote. The notice and the 2021 Annual Report are available on the company’s website. JinkoSolar is a leading global solar module manufacturer with extensive international operations.
JinkoSolar (NYSE: JKS) announced a significant achievement with its 182 mm N-type module reaching a maximum solar conversion efficiency of 23.86%, surpassing its previous record of 23.53% set in July 2021. This breakthrough was validated by TÜV Rheinland, showcasing the effectiveness of JinkoSolar's TOPCon cell technology and advanced manufacturing techniques. The innovative design reduces internal resistance loss, paving the way for mass production of high-efficiency solar products. JinkoSolar aims to lead the solar industry with its N-type technology, enhancing product reliability and efficiency to meet market demands.
JinkoSolar (NYSE: JKS) reported strong financial results for Q3 2022, with total revenues of RMB19.52 billion (US$2.74 billion), up 127.8% year-over-year. Quarterly shipments reached 10,856 MW, doubling from the previous year. Notably, net income surged to RMB549.8 million (US$77.3 million), compared to a loss in Q2 2022. The gross margin improved to 15.7%, boosted by higher N-type module shipments. Looking ahead, JinkoSolar anticipates Q4 module shipments between 13.0 GW to 15.0 GW, reflecting robust market demand, while maintaining an optimistic production capacity outlook for 2023.
JinkoSolar's subsidiary, Jiangxi Jinko, reported preliminary unaudited results for the nine months ending September 30, 2022. The net income attributable to shareholders is estimated between RMB1.65 billion and RMB1.70 billion, representing a year-over-year increase of 128.77% to 135.70%. Excluding extraordinary gains and losses, the net income is projected between RMB1.50 billion and RMB1.55 billion, a notable rise of 412.20% to 429.27%. Caution is advised as these figures reflect different accounting standards compared to JinkoSolar's consolidated financials.