SHANGRAO, China, Oct. 20,
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 that its
subsidiary Jinko Solar Co., Ltd. ("Jiangxi Jinko") published
certain preliminary unaudited financial results for the nine months
ended September 30, 2022.
For the nine months ended September 30,
2022, (i) the preliminary unaudited net income attributable
to the shareholders of Jiangxi Jinko is estimated to be in the
range from RMB1.65 billion to
RMB1.70 billion, increasing by from
RMB928.7 million to RMB978.7 million and by from 128.77% to 135.70%
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
RMB1.50 billion to RMB1.55 billion, increasing by from RMB1.21 billion to RMB1.26
billion and by from 412.20% to 429.27% year over year.
The preliminary unaudited financial results of Jiangxi Jinko for
the nine months ended September 30,
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
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
South Africa, India, Mexico, Brazil, the United
Arab Emirates, Italy,
Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar has built a vertically integrated solar product value
chain, with an integrated annual capacity of 43.0 GW for mono
wafers, 42.0 GW for solar cells, and 50.0 GW for solar modules, as
of June 30, 2022.
JinkoSolar has 14 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 June 30, 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:
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Mr. Rene Vanguestaine
Tel: + 86 178 1749 0483
In the U.S.:
SOURCE JinkoSolar Holding Co., Ltd.