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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 a change in its senior management, appointing Mengmeng (Pan) Li as the new chief financial officer, effective immediately. This change is in response to compliance requirements of the Shanghai Stock Exchange's STAR Market, as JinkoSolar plans to list its subsidiary, Jiangxi Jinko. Former CFO Haiyun (Charlie) Cao resigns but will continue with Jiangxi Jinko. The company believes this management change will not materially affect its business operations.
JinkoSolar (NYSE: JKS) has been awarded the Best HR Strategy of the Year at the Energy HR Summit India 2021, highlighting its effective human resource management amid challenging times. Dr. Suyog V., HR Director, emphasized the company's commitment to fostering a balanced corporate culture and maintaining employee productivity. The award acknowledges JinkoSolar's initiatives to protect its workforce while driving innovation during industry transitions. With a strong focus on employee welfare, the company remains resilient in a competitive market.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) has been recognized as the Top 1 Prestigious Module PV Brand in Vietnam for 2020. The company supplied over 2.5GW of solar modules, securing an 18% market share overall and 36.8% in the utility sector. Vietnam, ranking third globally in new solar capacity, saw a demand for high-efficiency monocrystalline modules. JinkoSolar's Tiger Pro series has become a preferred choice due to its reliability and efficiency. The company emphasizes its commitment to clean energy and superior customer service in Vietnam's rapidly growing economy.
JinkoSolar announced an update to its value-based strategy on May 10, 2021, aiming to integrate social responsibility with profitability. The company emphasizes achieving carbon neutrality and phasing out fossil fuels. Its new slogan, 'Be Your Climate Action Partner,' reflects a commitment to empowering global partners in solar energy innovation. JinkoSolar has built a robust network supporting carbon-neutral pathways and aims to optimize energy use across industries. The strategy addresses the need for companies to incorporate climate goals into their operations, highlighting its dedication to sustainability.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the Securities and Exchange Commission on April 28, 2021. The report includes audited consolidated financial statements and is accessible on the company's website. JinkoSolar, a leader in solar module manufacturing, boasts an integrated capacity of 22 GW for mono wafers, 11 GW for solar cells, and 31 GW for solar modules as of December 31, 2020. Shareholders can request a hard copy of the report free of charge.
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JinkoSolar (NYSE: JKS) announced its participation in the United Nations Global Compact, a leading corporate sustainability initiative. The company aims to align its operations with ten principles related to human rights, labor, environment, and anti-corruption. Chairman Xiande Li emphasized their commitment to equality and transparency, ensuring a respectful workplace and employee rights across their global operations. Additionally, JinkoSolar is the first solar company to join RE 100, committing to operate on 100% renewable energy. The firm will disclose its progress on these principles, reinforcing its accountability.
JinkoSolar reported its Q4 and full-year results for 2020, showcasing substantial growth in shipments and revenues despite facing challenges. The company became the world's largest PV manufacturer with 70 GW of modules. Q4 shipments reached 5,774 MW, with revenues at $1.44 billion, a slight decline of 1.1% year-over-year, while gross profit fell by 12.9% to $230.9 million. For 2021, JinkoSolar anticipates shipments to grow over 30%, projecting total shipments between 25 GW and 30 GW, and revenue between $1.18 billion to $1.30 billion for Q1.
JinkoSolar (NYSE: JKS) announced the launch of its new Tiger Pro modules, designed for distributed generation. These ultra-efficient modules feature a maximum power output of 415W and an efficiency rate of 21.3%. The modules are re-designed for improved installation ease, measuring 1.7m x 1.1m. JinkoSolar offers a 15-year product warranty and 25-year linear warranty, with degradation rates of 2% in the first year and 0.55% annually thereafter. This product aims to reduce LCOE and ensure reliable power generation across various applications.