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), a leading solar module manufacturer, announced it will disclose its unaudited financial results for Q3 2022 on October 28, 2022, before U.S. markets open. An earnings conference call will follow at 8:00 a.m. ET the same day. Participants can join via phone or listen to a live webcast on JinkoSolar's Investor Relations page. A replay will be available after the call until November 4, 2022. The company is known for its extensive global operations and innovative solar solutions.
JinkoSolar (NYSE: JKS) announced a record-breaking achievement in solar technology, reaching a maximum conversion efficiency of 26.1% for its 182 mm N-type monocrystalline silicon solar cells. This new record, verified by the National Institute of Metrology in China, surpasses its previous record of 25.7% set in April 2022. The company attributes this advancement to innovative technologies, such as interface defect passivation and ultra-thin metallization. JinkoSolar aims to enhance R&D and mass production capabilities to further elevate industry standards.
JinkoSolar (NYSE: JKS) reported strong second-quarter 2022 results with revenues of RMB18.84 billion (US$2.81 billion), a 137.6% increase year-over-year. Shipments reached 10,532 MW, growing by 102.4% from the previous year. Despite this growth, the company faced a net loss of RMB623.3 million (US$93.1 million), primarily due to rising polysilicon prices and increased operating expenses. Gross profit was RMB2.77 billion (US$413.8 million), with a gross margin of 14.7%. For Q3 2022, JinkoSolar expects shipments between 9.0 GW and 10.0 GW.
JinkoSolar (NYSE: JKS) announced power rationing in Sichuan, impacting its production capacity since August 15, 2022. The local government implemented these measures to address regional power shortages, affecting JinkoSolar's operations. The company is taking steps to mitigate the impact, such as increasing output from other manufacturing facilities and engaging with local authorities. However, uncertainty remains regarding the duration of the power rationing and its potential effects on the company's financial performance for 2022.
JinkoSolar, a leading solar module manufacturer, is set to release its unaudited financial results for Q2 2022 on August 26, 2022, prior to U.S. market opening. The earnings call will take place at 8:00 a.m. ET. Investors can join via the dial-in numbers or listen to the webcast on JinkoSolar's website. A replay will be available until September 2, 2022. The company continues to expand its global footprint, with an integrated annual capacity of 40 GW for mono wafers and 50 GW for solar modules as of March 31, 2022.
JinkoSolar's subsidiary, Jiangxi Jinko, plans to issue convertible bonds worth up to RMB10 billion. These bonds, with a six-year term, aim to fund the development of solar production projects and enhance working capital. JinkoSolar holds a 58.62% stake in Jiangxi Jinko and has the right to subscribe to a portion of the bonds. The issuance is subject to regulatory reviews by the Shanghai Stock Exchange and China Securities Regulatory Commission.
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JinkoSolar Holding Co., Ltd. (NYSE: JKS) announced an approval for a share repurchase program worth up to US$200 million for its ordinary shares through American depositary shares (ADS) over the next 18 months. The repurchase will occur in open-market transactions or privately negotiated deals, based on market conditions. JinkoSolar plans to fund the buyback using existing resources. Chairman and CEO Xiande Li expressed confidence in the company’s growth, attributing it to their strategic investments and integrated capacity structure.
JinkoSolar (NYSE: JKS) has announced its first overseas "RE100 factory" in Malaysia, achieving 100% renewable energy in its production processes. The factory supports a capacity of around 7GW and uses green electricity from utility-scale power purchase agreements. Expected annual power consumption is 335 million kWh, leading to a reduction of about 214,200 tons of CO2 emissions. This milestone highlights JinkoSolar's commitment to sustainability and the renewable energy transition.
JinkoSolar (NYSE: JKS) has signed a significant distribution agreement with Aldo Solar, marking a milestone in the Latin American market. With this deal, Aldo Solar will distribute approximately 600 MW of JinkoSolar's new N-type ultra-efficiency Tiger Neo modules. This agreement positions Brazil as the first market in Latin America for these advanced panels. Pre-sale is expected to begin in July 2022. JinkoSolar continues to innovate within the solar sector, responding to increasing demand for clean energy solutions globally.