SHANGRAO, China, April 22, 2022 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the world’s largest and most innovative solar module manufacturers, today announced certain unaudited preliminary financial results for the three months are finished March 31, 2022.
For the three months ended March 31, 2022(i) preliminary unaudited net profit attributable to shareholders of Jiangxi Jinko is estimated to be between RMB380.0 million for RMB420.0 millionincreasing by 138.9 million RMB for 178.9 million RMB sequentially and 57.63% to 74.22% year-on-year, and (ii) preliminary unaudited net profit attributable to shareholders of Jiangxi Jinko, excluding extraordinary gains and losses, is estimated be between RMB280.0 million for RMB320.0 millionincreasing by 202.5 million RMB for 242.5 million RMB sequentially and from 261.46% to 313.09% year over year.
Jiangxi Jinko’s preliminary unaudited financial results for the three months ended March 31, 2022 described in this press release (the “Preliminary Unaudited Financial Results of Jiangxi Jinko”) are different from the consolidated financial results of JinkoSolar (the “Consolidated Financial Statements”), primarily because (i) the scope of consolidation of the preliminary financial results unaudited financial statements of Jiangxi Jinko differs from that of the consolidated financial statements: the preliminary unaudited financial results of Jiangxi Jinko are prepared only for Jiangxi Jinko, while the consolidated financial statements also include the financial statements of JinkoSolar and its other subsidiaries, and ( (ii) Jiangxi Jinko’s preliminary unaudited financial results and consolidated financial statements are prepared under different accounting standards and principles: Jiangxi Jinko’s preliminary unaudited financial results are prepared in accordance with PRC GAAP, while the consolidated financial statements are prepared in accordance with p accounting principles generally accepted in The United States of America. As such, investors in JinkoSolar should exercise caution when reviewing the preliminary unaudited financial results of Jiangxi Jinko described in this press release and are advised not to base their investment decisions solely on these preliminary unaudited financial results.
JinkoSolar currently holds an approximate 58.62% stake 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 diverse international utility, commercial and residential customer base in China, United States, Japan, Germanythe UK, Chile, South Africa, India, Mexico, Brazilthe United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an annual integrated capacity of 32.5 GW for monowafers, 24 GW for solar cells and 45 GW for solar modules, from December 31, 2021.
JinkoSolar has 12 production sites worldwide, 21 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Swiss, United States, Mexico, Brazil, Chile, Australia, Canada, MalaysiaWATER and Denmarkand global sales teams in China, United States, Canada, Germany, Swiss, Italy, Japan, AustraliaKorea, India, Turkey, Chile, Brazil, Mexico and hong kongas of December 31, 2021.
To learn 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. 1995. These forward-looking statements can be identified by words such as “will”, “expect”, “anticipate”, “future”, “intend”, “plan”, “believe”, ” esteem” and other similar statements. Among other things, management’s quotes in this press release and the Company’s operating 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 United States Securities and Exchange Commission, including its Annual Report on Form 20-F. Except as required by law, the Company undertakes no 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:
M/s. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 extension 7806
Email: [email protected]
Mr. René Vanguestaine
Tel: + 86 178 1749 0483
Email: [email protected]
In the USA:
M/s. Linda Bergkamp
Christensen, Scottsdale, AZ
Email: [email protected]
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SOURCE JinkoSolar Holding Co., Ltd.