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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 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.
JinkoSolar (NYSE: JKS) will announce its unaudited financial results for Q4 and the full year ending December 31, 2021, before U.S. markets open on March 23, 2022. A conference call will take place the same day at 8:00 a.m. EST (8:00 p.m. Beijing/Hong Kong). Interested parties can join the call using the provided dial-in details. A replay will be available two hours post-call until March 30, 2022. JinkoSolar is a leader in solar module manufacturing, serving a global customer base with a significant production capacity across various regions.
JinkoSolar, a leading solar module manufacturer, has received the 'UGGC Best Practices Sustainability Awards 2021' from UN Global Compact Network China. This award, focused on sustainable large-scale manufacturing, highlights JinkoSolar's dedication to the UN's Sustainable Development Goals (SDGs) and its adherence to the ten principles of the UN Global Compact related to Human Rights, Environment, Labor, and Transparency. VP Dany Qian emphasized the company's commitment to renewable energy and sustainable practices.