Jinko Solar Announces Q4 and also 2021 Financial Results

• Jinko Solar posted year-on-year profits development of 79 percent and quarter-on-quarter development stood at 91 per cent.
• Its production capacity in terms of mono solar, solar cell and solar module stands at 32.5 GW, 24 GW and also 45 GW.

Chinese solar module significant Jinko Solar announced has its quarterly and also annual financial results. The firm has posted earnings of $2.57 billion in the 4th quarter of 2021. This moment, the revenue of Jinko Solar has actually boosted by greater than 79 per cent compared to the corresponding quarter of 2020 when it received revenue of $1.44 billion.

The quarter to quarter growth from 3rd quarter of 2021 ($ 1.33 billion) to fourth quarter of 2021 experienced a growth of greater than 91 percent.

Jinko Solar signed up a gross profit of $415 million in the 4th quarter of 2021 alone. It's a 75 per cent year-on-year boost compared with $231 million signed up in the 4th quarter of 2020. The quarter to quarter rise is located to be 104 per cent.

The delivery made in the quarter is of 9,693 MW of which 9,024 MW were solar modules and 669 MW were cells and also wafers. In 2021, Jinko signed up a gross profit of $1.04 billion which is about 8 percent greater than the previous year. The surge in the gross profit is mostly due to reduction in the manufacturing expenses and rise in the selling price of the solar modules.

Xiande Li, Ceo (CEO) of Jinko Solar, said, "We are extremely pleased to close a very difficult year of 2021 with outstanding results. We had the ability to quickly react to provide chain volatility and logistic obstacles thanks to our competitive advantages in supply chain monitoring and also international network."

The annual sales of the Jinko Solar in 2021 were 25,242 MW. This consists of 22,233 MW for solar modules. The modules' sales rose by 18.4 per cent year on year.

Jinko Solar has actually additionally disclosed that its manufacturing capacity in regards to mono solar, solar cell and also solar module stands at 32.5 GW, 24 GW and 45 GW.

Xiande Li said, "In the first quarter of 2022, our principal running subsidiary, Jiangxi Jinko, successfully provided on the Shanghai Stock Exchange Science and also Technology Innovation Board, elevating RMB 10 billion. We believe this historic turning point will produce better momentum for advancing our state of the art technology and service operations."