SHANGRAO, China, April 22,
2022 /PRNewswire/ -- JinkoSolar Holding Co.,
Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the
largest and most innovative solar module manufacturers in the
world, today announced certain preliminary unaudited financial
results for the three months ended March 31,
2022.
For the three months ended March 31,
2022, (i) the preliminary unaudited net income attributable
to the shareholders of Jiangxi Jinko is estimated to be in the
range from RMB 380.0 million to
RMB 420.0 million, increasing by from
RMB 138.9 million to RMB 178.9 million sequentially and by from 57.63%
to 74.22% year over year, and (ii) the preliminary unaudited net
income attributable to the shareholders of Jiangxi Jinko excluding
extraordinary gains and losses is estimated to be in the range from
RMB 280.0 million to RMB 320.0 million, increasing by from
RMB 202.5 million to RMB 242.5 million sequentially and by from
261.46% to 313.09% year over year.
The preliminary unaudited financial results of Jiangxi Jinko for
the three months ended March 31, 2022
described in this press release (the "Jiangxi Jinko Preliminary
Unaudited Financial Results") are different from JinkoSolar's
consolidated financial results (the "Consolidated Financials"),
mainly because (i) the consolidation scope of the Jiangxi Jinko
Preliminary Unaudited Financial Results differs from that of the
Consolidated Financials: the Jiangxi Jinko Preliminary Unaudited
Financial Results are prepared solely for Jiangxi Jinko, whereas
the Consolidated Financials also include financial statements of
JinkoSolar and its other subsidiaries, and (ii) the Jiangxi Jinko
Preliminary Unaudited Financial Results and the Consolidated
Financials are prepared according to different accounting standards
and principles: the Jiangxi Jinko Preliminary Unaudited Financial
Results are prepared in accordance with PRC GAAP, whereas the
Consolidated Financials are prepared in accordance with accounting
principles generally accepted in the
United States of America. As such, investors of JinkoSolar
should exercise caution when reviewing the Jiangxi Jinko
Preliminary Unaudited Financial Results described in this press
release and are advised not to base their investment decisions
solely on such preliminary unaudited financial results.
JinkoSolar currently owns approximately 58.62% equity interest
in Jiangxi Jinko.
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 32.5 GW for mono
wafers, 24 GW for solar cells, and 45 GW for solar modules, as of
December 31, 2021.
JinkoSolar has 12 productions facilities globally, 21 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the
United States, Mexico,
Brazil, Chile, Australia, Canada, Malaysia, UAE and Denmark, and global sales teams in
China, the United States, Canada, Germany, Switzerland, Italy, Japan,
Australia, Korea, India, Turkey, Chile, Brazil, Mexico and Hong
Kong, as of December 31, 2021.
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.
Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com
Mr. Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com
In the U.S.:
Ms. Linda
Bergkamp
Christensen, Scottsdale,
Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
View original
content:https://www.prnewswire.com/news-releases/jinkosolars-subsidiary-jinko-solar-co-ltd-announces-certain-preliminary-unaudited-financial-results-for-first-quarter-2022-301530999.html
SOURCE JinkoSolar Holding Co., Ltd.