SHANGRAO, China, April 23,
2023 /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 that its majority-owned principal operating subsidiary
Jinko Solar Co., Ltd. ("Jiangxi Jinko") published estimates of
certain preliminary unaudited financial results for the three
months ended March 31, 2023.
For the three months ended March 31,
2023, (i) the preliminary unaudited net income attributable
to the shareholders of Jiangxi Jinko is estimated to be in the
range from RMB1.60 billion to
RMB1.70 billion, increasing by from
RMB1.20 billion to RMB1.30 billion and by
from 298.89% to 323.82% 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 RMB1.20
billion to RMB1.30 billion,
increasing by from RMB899.6 million
to RMB999.6 million and by from 299.48% to 332.77% year over
year.
The preliminary unaudited financial results of Jiangxi Jinko for
the three months ended March 31, 2023
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, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar had 14 productions facilities globally, 23 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the
United States, Mexico,
Brazil, Chile, Australia, Canada, Malaysia, the United
Arab Emirates, Denmark,
Indonesia and Nigeria, and global sales teams in
China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan,
the United Arab Emirates,
Netherlands, Vietnam and India, as of December
31, 2022.
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: rene.vanguestaine@christensencomms.com
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale,
Arizona
Tel: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
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SOURCE JinkoSolar Holding Co., Ltd.