JinkoSolar turns to This fall revenue as shipments rise

March 24 (Renewables Now) – Chinese language photo voltaic module maker JinkoSolar Holding Co Ltd (NYSE:JKS) moved to a web revenue of CNY 239.5 million (USD 37.6m/EUR 34.2m) within the fourth quarter of 2021 from a lack of CNY 377 million in the identical interval of 2020 as shipments jumped 67.9% year-over-year.

The corporate shipped 9,693 MW within the quarter, together with 9,024 MW of photo voltaic modules and 669 MW of cells and wafers, with the share of Chinese language shipments rising to 34%. Revenues elevated 73.9% from a 12 months in the past to CNY 16.39 billion.

Within the full 12 months, web revenue surged to CNY 721 million from CNY 230.4 million in 2020, whereas non-GAAP web revenue declined 41.7% to CNY 558.4 million.

Revenues expended 16.2% to CNY 40.83 billion on 25,242 MW of whole shipments, with photo voltaic module shipments rising 18.4% to 22,233 MW.

Figures in CNY, until in any other case famous This fall 2021 This fall 2020 2021 2022
Whole revenues 16.39bn 9.42bn 40.83bn 35.13bn
Gross margin 16.1 16 16.3 17.6
Revenue from operations 485.8m 71.6 1.1bn 1.78bn

Internet revenue (loss) attributable to odd shareholders

239.5m (377m) 721m 230.4m

Non-GAAP web revenue attributable to odd shareholders

218.6m 33.4m 558.4m 958.4m

Internet revenue (loss) attributable to odd shareholders

Non-GAAP web revenue attributable to odd shareholders

Chairman and chief govt Xiande Li stated the producer closed a difficult 12 months with “glorious” outcomes, including it managed to reply rapidly to provide chain volatility and logistic challenges because of its provide chain administration and international community.

Wanting forward, JinkoSolar expects whole shipments of between 7.5 GW to eight GW within the first quarter and of 35 GW to 40 GW in 2022.

By the top of 2022, it expects to have annual mono wafer, photo voltaic cell and photo voltaic module manufacturing capability of fifty GW, 40 GW and 60 GW, respectively, in comparison with 32.5 GW, 24 GW and 45 GW on the finish of 2021.

“We’re optimistic in regards to the development prospects in distributed era markets and can proceed to develop our model affect in these markets. In China, as set up capability reached 55 GW for the total 12 months of 2021, distributed era made up greater than half of newly-added installations as a consequence of its larger returns,” stated Xiande Li.

(CNY 1 = USD 0.157/EUR 0.143)

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