Jinko Solar-动态详情

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? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?JinkoSolar Announces Third Quarter 2013 Financial Results ? SHANGHAI,?Nov. 18, 2013?/PRNewswire-FirstCall/ --?JinkoSolar Holding Co., Ltd.?("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced its unaudited financial results for the third quarter ended?September 30, 2013. ? Third Quarter 2013 Highlights ?Total solar product shipments were 518.9?megawatts ("MW"), consisting of 489.3?MW of solar modules, 10.9?MW of silicon wafers and 18.7?MW of solar cells. This represents an increase of 6.1% from 489.2 MW in the second quarter of 2013 and an increase of 54.8% from 335.2 MW in the third quarter of 2012. ? As of?September 30, 2013, the Company has completed 105MW worth of solar projects and expects additional 108MW to be completed in the fourth quarter. ? Total revenues were?RMB1.96?billion (US$320.7 million), representing an increase of 11.2% from the second quarter of 2013 and an increase of 47.6% from the third quarter of 2012. ? Electricity revenues generated from solar projects were?RMB39.9 million?(US$6.5 million), representing an increase of 717.8% from the second quarter of 2013. ? Gross margin was 22.3%, compared with 17.7% in the second quarter of 2013 and 5.8% in the third quarter of 2012. ? Income from operations was?RMB244.3 million?(US$39.9 million), compared with income from operations of?RMB155.8 million?in the second quarter of 2013 and a loss from operations ofRMB111.3 million?in the third quarter of 2012. ? Net income attributable to?JinkoSolar Holding Co., Ltd.'s?ordinary shareholders was?RMB103.5 million?(US$16.9 million), compared with a net income attributable to?JinkoSolar Holding Co., Ltd.'sordinary shareholders of?RMB49.0 million?in the second quarter of 2013 and a net loss attributable to?JinkoSolar Holding Co., Ltd.'s?ordinary shareholders of?RMB114.5 million?in the third quarter of 2012. ? Diluted earnings per American depositary share ("ADS") was?RMB4.40?(US$0.72), compared with a diluted earnings per ADS of?RMB2.20?in the second quarter of 2013 and a diluted loss per ADS of?RMB5.16?in the third quarter of 2012. Each ADS represents four ordinary shares. ? Cash flow from operating activities was?RMB780.4 million?(US$127.5 million). ? Non-GAAP net income1?attributable to?JinkoSolar Holding Co., Ltd.'s?ordinary shareholders in the third quarter of 2013 was?RMB196.9 million?(US$32.2 million), compared with a non-GAAP net income attributable to?JinkoSolar Holding Co., Ltd.'s?ordinary shareholders of?RMB74.3 million?in the second quarter of 2013 and a non-GAAP net loss attributable to?JinkoSolar Holding Co., Ltd.'sordinary shareholders of?RMB87.6 million?in the third quarter of 2012. ? Non-GAAP basic and diluted earnings per ADS were?RMB8.72?(US$1.44)?and?RMB8.40?(US$1.36), respectively in the third quarter of 2013. ? ? "I am very proud to report?JinkoSolar's?second consecutive quarter of profitability following robust quarter-over-quarter growth in revenue, module shipments, and gross margins," commented Mr.Kangping Chen,?JinkoSolar's?Chief Executive Officer. "We have picked up considerable momentum from the strategic investments we made during the downturn. During that time, we successfully penetrated new markets, broadened our geographic reach, and expanded our downstream business, which has already resulted in net profitability for the entire year, a goal we initially set for ourselves to complete by the end of 2013. We now look forward to closing out the year on an even stronger footing.?JinkoSolar?is now solidly among the leading global solar PV companies with gross margins that have steadily improved to 22.3% thanks to our leading cost structure, improving global ASPs and growing profits from solar projects. I believe our strong operational and financial performance demonstrates management's effectiveness and ability to execute its strategy. Having regained profitability for a second quarter, and having achieved net profitability for the entire year a quarter ahead of schedule, we are now devoting our substantial resources and attention towards growing our core PV business and to rapidly expanding our downstream business." ? "The follow-on public offering of 4,370,000 ADSs we issued during the quarter is another vote of confidence by the market in our future and the direction we are headed. We raised approximatelyUS$67.8 million?to further improve our working capital and cash reserves and are eager to put the cash to work. The capital will be used to supplement our working capital and invested into one of the most exciting business segments: our downstream solar projects." ? "Our transformation from a traditional manufacturer to a one-stop energy solution provider is truly an exciting business and I am very optimistic about the opportunities this will bring. We have already connected 105MW to the grid so far and are focused on connecting another 108MW during the fourth quarter of 2013. This will be followed by an additional 300MW earmarked to be connected by the end of 2014 with the support of financial partners such as?China Development Bank, as we plan to focus more on distributed PV systems. The Chinese government recently increased its solar installation target for 2014 by 20% to 12GW, a clear commitment towards renewable energy that is expected to result in increased demand for both solar farms and distributed PV systems. Our pipeline now includes 700MW in utility scale projects and more than 400MW for distributed systems, putting?JinkoSolar?in a unique position to benefit greatly as this market grows. While still in its early stages, this growing revenue stream is currently generating revenues from power sales and services related to solar power projects. This quarter we recognized meaningful electricity revenue for the first time, accounting for approximately?RMB 40 million?in revenue from our downstream business where gross margins and net profit margins exceed 60% and 30%, respectively. With the number and scale of our projects growing rapidly, we expect that this revenue stream will contribute meaningfully to our profit in the future." ? "Our state-of-the-art products continue to lead the global PV industry in terms of technology and efficiency. During the quarter, we completed preliminary research on an advanced version of our 'Eagle' series of modules which we call 'Eagle +'. These new modules continue the tradition set by earlier 'Eagle' modules by being certified PID free, but with higher power output and lighter in weight, making them ideal for rooftop installations and extreme weather geographies.?JinkoSolar's?multicrystalline cells have now achieved conversion efficiency of 18.5% in lab tests. With this technology expected to be utilized in mass production next year, these results have been confirmed by third party institutions including TUV NORD and the National PV Product Quality Inspection Center. Our "smart modules" are currently in the process of undergoing internal reliability tests following the completion of function testing earlier this year. I am very excited about the potential these "smart modules" will provide to our customers and I believe they will revolutionize the way in which solar modules are managed and optimized. With ASPs continuing to stabilize and demand for our solid portfolio of products growing, we are well situated to take full advantage of our strong relationships across the globe and constant investment into R&D to leverage our technological leadership in solar product development." ? "Our exposure globally has continued to grow as we leverage our reputation to diversify our geographic presence globally. As European markets slow, we continue to seek out new opportunities in exciting solar markets such as?China,?Japan, US,?South Africa, and?India." ? "In summary, with another quarter of profitability behind us, I am optimistic about the opportunities ahead of us as we confidently look towards the future. Even during the toughest times, we never lost the hope or courage we needed to push forward as one of the industry leaders. We continue to manage our business prudently, and have thus been able to adjust our vision and hone our ability to strategically execute. I believe that our industry leading technology, cost structure, steady downstream expansion and brand recognition have yielded a formula for our robust, sustainable future growth."? ?

Legal Statement

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 17.5 GW for mono wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of March 31, 2020.

JinkoSolar has over 15,000 employees across its 7 productions facilities globally, 14 overseas subsidiaries in Japan(2), South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States,  Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France,  Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia,  Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
In China:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com

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