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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), a leading global solar module manufacturer, has been awarded the 'Top Brand PV USA' seal by EUPD Research. This recognition is based on a survey of U.S. installers, who rated JinkoSolar highly for brand awareness and customer recommendations. The acknowledgment reflects JinkoSolar's commitment to quality and reliability in its products and services. With a significant production capacity of 27 GW for mono wafers, 12 GW for solar cells, and 31 GW for solar modules as of June 30, 2021, JinkoSolar continues to strengthen its position in the renewable energy market.
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JinkoSolar is applying for an initial public offering (IPO) for its subsidiary, Jiangxi Jinko, on the Shanghai Stock Exchange's Sci-Tech innovation board. The company's estimated revenues for the nine months ending September 30, 2021, are projected between RMB23.6 billion and RMB23.8 billion, with net income expected between RMB625 million and RMB655 million. JinkoSolar holds approximately 73.28% equity in Jiangxi Jinko, and the forecasts are based on preliminary estimates that may vary. Investors are advised to consider these figures cautiously.
JinkoSolar reported its second quarter 2021 results with total revenues of RMB7.93 billion (US$1.23 billion), down 6.2% year-over-year. The company's gross profit was RMB1.36 billion (US$210.5 million) with a margin of 17.1%. Net income plummeted 79.2% to RMB66.2 million (US$10.3 million) due to convertible notes impacts. However, non-GAAP net income surged 457.4% sequentially to RMB274.7 million (US$42.5 million). Shipments totaled 5,203 MW, reflecting a 16.4% increase year-over-year. The company expects to increase large-size product shipments to 50% in the second half of the year.
JinkoSolar (NYSE: JKS) has announced a strategic cooperation framework agreement with CATL to promote carbon neutrality and develop the solar-plus-storage market. The partnership aims for long-term collaboration in innovation and solutions for integrating solar and energy storage. JinkoSolar's CEO highlighted the synergy of combining their PV technology with CATL's energy storage advancements to create effective solutions globally. Both companies anticipate broadening the solar-plus-storage industry's horizon and leading efforts towards carbon neutrality.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) plans to announce its unaudited financial results for Q2 2021 on September 15, 2021, before U.S. market opening. A conference call will follow at 8:00 a.m. ET on the same day. Interested participants can join via U.S. toll-free number +1 855-824-5644 or Hong Kong line +852 3027 6500, using passcode 44003482#. The call will be available for replay until September 22, 2021. Further details and the live webcast can be accessed on JinkoSolar's website.
JinkoSolar announced a long-term polysilicon supply agreement with Wacker Chemie AG, allowing Wacker to supply over 70,000 tons of polysilicon from September 2021 to December 2026. The purchase price will be determined by market rates. This strategic partnership ensures a reliable source of high-quality raw materials for JinkoSolar's manufacturing, supporting the growing demand for their solar products. JinkoSolar aims to foster long-term relationships with key suppliers to enhance its product efficiency in the global PV market.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) has achieved a significant milestone by obtaining the first Life Cycle Assessment (LCA) certificate for photovoltaic modules in Greater China, issued by TÜV Rheinland. Concurrently, the company has passed the Italian Environmental Product Declaration (EPD) certification, with 6 series and 43 sub-models of its monocrystalline mainstream modules certified. This recognition underlines JinkoSolar's commitment to environmental responsibility and carbon emissions reduction, aligning with global and national decarbonization goals.
JinkoSolar (NYSE: JKS) has received a favorable ruling from the U.S. Court of Appeals for the Federal Circuit, affirming the International Trade Commission's decision that its products do not infringe a patent from Hanwha Q CELLS. The ITC's conclusion, reached in June 2020, followed a patent investigation initiated by Hanwha in March 2019. JinkoSolar's Chairman, Xiande Li, welcomed the ruling as a confirmation of their commitment to innovation and product leadership in the solar industry.
JinkoSolar (NYSE: JKS) has been named an "Eco-Leader" by Green Builder® Media for the third consecutive year, recognizing its commitment to sustainability and decarbonization efforts. The company has significantly reduced its carbon footprint in manufacturing, product supply chains, and daily energy use. Nigel Cockroft, General Manager of JinkoSolar (U.S.), emphasized the company's responsibility to lead in sustainability practices in the photovoltaic industry. The accolade aims to motivate other manufacturers to enhance their sustainable operations.