SHANGHAI, Apr 4, 2019 — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or “Company”), (NYSE code JKS), a reputable solar module manufacturer in the world, today announced at its booth in Smart Energy Exhibition 2019 held in Sydney, Australia, JinkoSolar showcased its latest innovative technology, Swan bifacial modules that impressed the visitors with its high performance bifacial power generation. The brand presented uniquely two customized options for bifacial modules, G-G (glass with glass), G-B (glass with transparent backsheet) to meet different requirements of different application and budget scenario.
Thanks to its pioneering smart manufacturing, JinkoSolar’s state-of-the-art facilities adapt to a variety of advanced technology processes and therefore provide the prerequisites for customized service. As a result of top in all sense, the Company hit the industry record high in 2018, according to its financial report released on March 22nd. For 2018 on a consolidated basis across its business, Jinkosolar posted a total shipment of 11.4GW 2018 — a 16.8 percent YoY increase, a fast yearly growth above the average level worldwide, marking the third consecutive years with top position.
The solar industry sees increasing needs for higher performance and efficiency from modules which drive the company’s expansion of high end mono product supply to catch up robust demand. Driven by increased demand of premium mono products such as the company’s new flagship cheetah series, Jinkosolar re-arranged its product portfolio by adding more 380Watt and up mono models, which contributed a lot to its profit growth. Income from operations and net income of 2018 achieved an increase of 98.2 % and 186.9% over 2017.
As a result of capacity shifting towards high end products including Cheetah and Swan, the supply bottleneck is expected to overcome. The Company has been given substantial amount of good orders in 2019, in spite of uncertainty of Chinese market.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the world’s largest and foremost solar module manufacturers. 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 9.2 GW for silicon wafers, 6.5 GW for solar cells, and 10.0 GW for solar modules, as of September 30, 2018.
JinkoSolar has over 12,000 employees across its 6 productions facilities globally, 15 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and United Arab Emirates, and global sales teams in United Kingdom, Bulgaria, Greece, Romania, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Kenya, South Africa, Costa Rica, Colombia, Panama and Argentina.
To find out more, please see: www.jinkosolar.com.
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:
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
In the U.S.:
Ms. Linda Bergkamp