Jinkosolar Business Factsheet

JinkoSolar has been named a BNEF Tier 1 Solar Module Manufacturer
for 8 consecutive years, which is one of the longest runs of any
manufacturer. The Company has also been rated a Top Performer in
the PVEL / DNV GL PV Module Reliability Scorecard five consecutive
times.
increase in overseas sales. In the United
States, it has clearly defended its top
position and remained the supplier of
choice due to strong and repeated
execution. In Japan, it recorded the best
year in its history, ranking as the number 1
seller for the first time. In Europe, thanks to
the phase out of the MIP, Europe once
again became a strong JinkoSolar sales
region. In Australia, Jinkosolar secured its
position as the best-selling premium brand
in 2018. In India, ROA, and MEMA, where
low cost poly remains most prevalent,
JinkoSolar was one of the few premium
mono manufacturers to succeed, growing
its market share to 30%. In Latin America, it
is the first brand to sell more than 5 GW of
modules cumulatively.
Looking back, JinkoSolar continues to
grow rapidly, with CAGRs consistently
higher than industry rates. In 2018,
JinkoSolar delivered 11.4 GW to 2,828
customers, an increase of 16.0% from
9.8 GW for the year 2017. Our global
leading market share reached 12.8%.
The Company was able to accomplish
all this due to a timely transition to
premium mono products and major
investments in both Chinese and
overseas production.
JinkoSolar generated revenue of
US$3.64 billion in module sales in
2018, and achieved gross margin of
14.0% compared with 11.3% for the
year 2017 and income from operations
almost doubled that of 2017. Net
income attributed to the Company's
ordinary shareholders was three times
that of 2017. In China, it still grew very
quickly despite the slowdown caused
by the 531 policy change. However,
one major reason for the Company’s
success, even in the face of troubles in
the China mar ket, was a marked
Total shipment
customers
countries
market share
The rollout of the Cheetah family of
products in 2018 was one of the most
important events of the year, as it set the
stage for future sales. In the first 12 months
of market launch, the Company sold more
than 5.5 GW, a new benchmark for new
modules in the industry.