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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 (NYSE: JKS) reported its Q3 2021 results, achieving revenues of RMB8.57 billion (US$1.33 billion), an 8.1% increase sequentially but a 2.3% decline year-over-year. Gross profit was RMB1.30 billion (US$201.1 million), down 4.6% sequentially and 13.3% year-over-year, with a gross margin of 15.1%. Notably, the company set a world record with a 25.4% efficiency in its N-Type solar cells. Looking ahead, JinkoSolar expects 7.3 to 8.8 GW in total shipments for Q4 2021 and aims for substantial increases in production capacity by year-end.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) will release its unaudited financial results for Q3 2021 on November 30, 2021, before U.S. market opens. A conference call hosted by management will take place on the same day at 7:30 a.m. ET. Participants can dial in using +852 3027 6500 for Hong Kong/International or +1 855-824-5644 for U.S. Toll-Free, using passcode 71417350#. A replay of the call will be accessible from December 7, 2021. For more details, visit JinkoSolar's website.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) will hold its 2021 annual general meeting on December 9, 2021, at 10:00 a.m. Beijing time. Key agenda items include the re-election of directors Xianhua Li and Steven Markscheid, the ratification of PricewaterhouseCoopers Zhong Tian LLP as auditors, and the authorization of directors to determine auditor remuneration. Shareholders of record by November 10, 2021, will be eligible to vote. The full audited financial statements for 2020 are available on JinkoSolar’s website, and hard copies can be requested.
JinkoSolar (NYSE: JKS) announced a RMB450 million investment in Sichuan Yongxiang Energy Technology Co., Ltd. to establish a 100,000 tons annual capacity high-purity polysilicon production line. This investment, which grants JinkoSolar a 15% stake in the Project Company, aims to secure a stable supply of nearly 30,000 tons of polysilicon annually. The strategic move enhances JinkoSolar’s production reliability and supports its long-term goals in the photovoltaic industry, fostering collaboration with supply chain partners.
JinkoSolar (NYSE: JKS) has introduced its new ultra-efficient Tiger Neo modules featuring advanced N-type TOPCon technology. These modules achieve a maximum power output of 620W and a conversion efficiency of 22.30%. With enhancements in power generation, a bifacial factor of 85%, and reduced degradation, they offer long-term reliability backed by a 30-year warranty. The modules' design minimizes internal resistance and improves optical gain, resulting in 3% higher annual energy yield compared to traditional models. JinkoSolar aims to set industry benchmarks with this innovative product.
JinkoSolar (NYSE: JKS) has donated 70 laptops and one year of free internet to Catholic Charities Jacksonville (CCBJAX) to support refugees in Jacksonville, enhancing their access to online English classes. This initiative aims to bridge the digital divide and promote integration for refugees. The donation assists students who lack resources for technology, enabling remote learning during the pandemic. Executives from JinkoSolar, CCBJAX representatives, and local officials participated in a gifting ceremony on October 21, 2021, signifying a commitment to community support.
JinkoSolar (NYSE: JKS) announced its Tiger and Tiger Pro solar module series have achieved carbon footprint verification from TÜV Rheinland, a leading global testing service provider. This certification confirms JinkoSolar's commitment to reducing carbon emissions through improved energy efficiency and lifecycle management. Dr. Hao Jin, CTO of JinkoSolar, emphasized the importance of this achievement in supporting environmentally conscious customers. JinkoSolar has a robust production capacity with 27 GW of mono wafers, 12 GW of solar cells, and 31 GW of solar modules as of June 30, 2021.
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JinkoSolar (NYSE: JKS) has achieved a significant milestone by setting a world record for solar conversion efficiency at 25.4% with its N-type monocrystalline silicon solar cell. This breakthrough, confirmed by Japan's JET, marks the fourth world record in one year. Utilizing advanced technologies, including ultrafine line metallization and low absorption materials, the company emphasizes its commitment to innovation and competitive energy solutions. JinkoSolar aims to enhance the affordability and sustainability of clean energy globally.
JinkoSolar (NYSE: JKS) announced updates regarding the proposed initial public offering (IPO) of its subsidiary, Jiangxi Jinko, on China's STAR Market. The stock listing committee reviewed the application and confirmed that Jiangxi Jinko met all necessary requirements for the IPO. The next step involves a registration process with the China Securities Regulatory Commission. As of June 30, 2021, JinkoSolar boasts a strong vertically integrated capacity of 27 GW for mono wafers, 12 GW for solar cells, and 31 GW for solar modules, operating globally with 9 production facilities and 22 subsidiaries.