JinkoSolar at a Glance
JinkoSolar 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 22 GW for mono wafers, 11 GW for solar cells, and 31 GW for solar modules, as of December 31, 2020.
JinkoSolar has 9 productions facilities globally, 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Denmark, 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, as of December 31, 2020.
Mission: Optimize the energy portfolio and take responsibility for enabling a sustainable future.
Vision : Provide an one-stop solution for clean energy and become an industry leader.
Steady Development in 2020
Annual shipment 18.8GW Year-over-year growth rate 31.4%
Total revenues $5.38billion Year-over-year growth rate 18.1%
Gross profit $945.8million Year-over-year growth rate 13.6%
EBITDA ＄463million Year-over-year growth rate 20.5%
Operations Outlook for 2021
Shipment Expectation: Full-year shipments are expected to grow by more than 30% in 2021, between 25 and 30 GW (including shipments of wafers, cells and modules).
Capacity Expectation: In 2021, vertical integration of production lines will increase significantly, and the capacity will continue to be expanded. By the end of 2021, the planned capacity for monocrystalline silicon wafers, high-efficiency cells and modules is expected to reach 33 GW, 27 GW and 37 GW respectively.
Vertical integration ratio will reach 75%+
Comprehensive Breakthrough for Continuous Innovation
Ensuring the Highest Return on Investment
Tiger Pro series cumulative orders have exceeded 10GW and it’s expected to account for 40%-50% in 2021 shipments. It will provide global customers with even lower LCOE and higher ROI
Deepening the Global Layout
By the end of 2020, cumulative shipments exceeded 70GW, making JinkoSolar ranking first in the world, selling our products to more than 160 countries.
With localized production, operation and service network covering global customers, we provide the most professional clean energy solutions.
Leading Technological Innovation
JinkoSolar has never stopped to set new world records – Jinko has broken R&D records for 15 times. In the next 1-2 years: the highest efficiency target of the N-type mono cell is 25.5%+.The highest efficiency target for stack cell is 29%+.As of December 31, 2020, JinkoSolar has applied for 1,428 patents,959 patents were approved.
Deploying “PV+”, focusing on BIPV, energy storage, PV hydrogen production, etc., thanks to advanced technical capabilities and widespread marketing promotion to foster sustainability and pave the way towards carbon neutrality.
Schneider Group China’s first distributed soft-top PV project was completed and connected to the grid.
China’s first BIPV carport project in operation.
Improving the Industry Ecological Chain
Continuously optimize supply chain management through industrial chain networks and partners:
1. Long-term order lock for core materials
2. Strategic cooperation between the upstream and downstream of the industrial chain
3. Alternative technology and material stockpiling
Return to A Shares through Stock Split, Expand Financing Channels
In October 2020, JinkoSolar completed a 3.1 billion yuan financing to prepare for the IPO of Jiangxi JinkoSolar, the company’s main operating subsidiary.
Fulfil Our Social Responsibility
1.Signatory of the《Global Heavy Industry Framework Principles》，to continue decarbonizing the heavy industry, while actively shifting to clean energy.
2.In order to support the global epidemic prevention work, JinkoSolar launched “Jinko Anti-Pandemic Guardian Angel Program”. A total of 12 million RMB, 1 million masks and other essential supplies were donated to fight the COVID-19 Pandemic.