CEO Kangping Chen Named Ernst & Young Entrepreneur Of The Year(R) 2010 China Award Winner
SHANGHAI, Nov. 22, 2010 /PRNewswire via COMTEX/ --
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing solar product manufacturer with low-cost operations based in China, announced today that its chief executive officer Kangping Chen received the Ernst & Young Entrepreneur Of The Year(R) 2010 China Award in the Emerging Entrepreneur category at a gala event in Shanghai on November 19, 2010.
Mr. Chen, one of 13 winners across nine award categories, was selected by an independent panel of judges for his achievements as an emerging business leader, excelling in a number of assessment areas including entrepreneurial spirit, financial performance, strategic direction, national or global impact, innovation and personal integrity and influence.
Mr. Chen commented, "It's a tremendous honor to be recognized as one of the top entrepreneurs in China for 2010. I am especially honored that Ernst & Young has recognized the accomplishments of JinkoSolar in the past year, from our successful listing on the New York Stock Exchange to our rapidly growing business and global presence. We expanded our annual solar module production capacity to 450 MW as of September 30, 2010 from 150 MW as of December 31, 2009 and are on target to achieve annual silicon wafer, solar cell and solar module production capacities of 1 GW each by the end of 2011. We have substantially increased our net income from $10.8 million in the first quarter of 2010 to $38.8 million in the third quarter of 2010 as well as entered into several long-term contracts with today's leading global solar companies. I am proud to be part of such an inspiring company and dedicate this award to our employees and their entrepreneurial spirit."
About Ernst & Young's Entrepreneur Of The Year(R) China Awards Program
Created in the United States in 1986, the Ernst & Young Entrepreneur Of The Year awards program has grown to more than 135 cities in 50 countries, with awards presented to hundreds of the world's most successful and innovative entrepreneurs. Ernst & Young Entrepreneur Of The Year China honors bold entrepreneurs who achieve success by combining ability and opportunity. The program rewards business people with their ideas, vision and energy to create positive changes in the Chinese economy, such as developing new markets, creating employment and improving the competitiveness in their respective industries. The two country winners (mainland and HK/Macau regions) will go on to represent China at an international awards ceremony next year in Monte Carlo, Monaco, where they will compete for the prestigious title of Ernst & Young World Entrepreneur Of The Year. For more information, please visit www.ey.com/china/eoy.
About JinkoSolar Holding Co., Ltd.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing vertically integrated solar power product manufacturer with low-cost operations, based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar's principal products are solar modules, silicon wafers and solar cells. As of June 30, 2010, JinkoSolar had an aggregate of approximately 300 customers for its solar modules, solar cells and silicon wafers from China, Germany, Hong Kong, India, Italy and other countries or regions. For more information about JinkoSolar, please visit http://www.jinkosolar.com.
Forward Looking Statements
This press release may contain 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 involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's registration statement on Form F-1, as amended. All information provided in this press release is as of November 22, 2010. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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