SHANGHAI, Aug. 29, 2019 /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 it was one of only four PV module
suppliers to receive a "AA" bankability rating from PV-Tech &
Solar Media, Ltd., a leading global source of in-depth news and
research on the photovoltaic industry. JinkoSolar is the only PV
module supplier to have AA-Ratings for the past 12 consecutive
quarters.
In its first ever quarterly PV ModuleTech Bankability Ratings,
PV Tech set out to create an independent, comprehensive and
transparent ranking system to help investors, banks, project
developers and EPCs differentiate between the hundreds of PV module
suppliers that sell to commercial, industrial, and utility
customers around the world.
The benchmark ratings, which incorporate the Altman Z score that
was first developed over 50 years ago to help forecast the
likelihood of manufacturing companies going bankrupt, aim to
balance corporate solvency with module manufacturing capabilities
in order to help end users understand the overall risk and
financial health of their suppliers.
Mr. Kangping Chen, CEO of
JinkoSolar, commented, "We are extremely pleased to be recognized
by such a reputable and independent organization as PV Tech. 2019
is already shaping up to be one of the top five warmest years on
record. As the need for cleaner alternative energy solutions
becomes ever more important, and as our industry continues to grow,
it is becoming increasingly difficult for customers to distinguish
between supplier claims. While we have always been focused on
pushing through technological innovations and producing the highest
quality modules in the market, we have also deliberately tried to
balance profitability and the long-term sustainability of our
business."
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 10.5 GW for silicon
wafers, 7.0 GW for solar cells, and 11.0 GW for solar modules, as
of March 31, 2019.
JinkoSolar has over 13,500 employees across its 7 productions
facilities globally, 15 oversea subsidiaries in Japan, Korea, Singapore, India, Turkey, Germany, Italy, Switzerland, United
States, Canada,
Mexico, Brazil, Chile, Australia and United
Arab Emirates, and global sales teams in China, United
Kingdom, France,
Netherlands, Spain, Bulgaria, Greece, Romania, Ukraine, Jordan, Saudi
Arabia, Tunisia,
Egypt, Morocco, Nigeria, Kenya, South
Africa, Costa Rica,
Colombia, Panama and Argentina.
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. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183 3105
Email: pr@jinkosolar.com
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SOURCE JinkoSolar Holding Co., Ltd.