The past two years have been marked by staggering volatility in the price of fossil fuels such as crude oil, natural gas and coal. This has led to a bullish narrative being developed around the renewable energy sector as a whole. While it is reasonable to be bullish about a sector that has a projected compounded annual growth rate (CAGR) of 10.01% over the next five years, investors should be careful about the renewable energy stocks they invest in.Dire financial situations, lack of profitability and a lack ...

JINKOSOLAR HOLDING CO., LTD. Q1 2024 EARNINGS CALL PRESENTATION APRIL 29, 2024 Disclaimer ThispresentationdoesnotconstituteanoffertosellorissueorthesolicitationofanoffertobuyoracquiresecuritiesofJinkoSolarHoldingCo., Ltd. (the “Company”) in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be reliedoninconnectionwithanycontractorcommitmentwhatsoever. The information herein has been prepared by the Company solely for use in this presentatio ...

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Q1 2024 Earnings Conference Call April 29, 2024 8:30 AM ET Company Participants Stella Wang - IR Xiande Li - Chairman & CEO Gener Miao - CMO Pan Li - CFO Charlie Cao - CFO Conference Call Participants Brian Lee - Goldman Sachs Group Philip Shen - ROTH MKM Alan Lau - Jefferies Rajiv Chaudhri - Intrinsic Edge Leo Ho - Daiwa Capital Markets Operator Hello, ladies and gentlemen, and thank you for standing by for JinkoSolar Holding Co. Ltd. First Quarter 2024 Earnings Conf ...

SHANGRAO, China, April 29, 2024 /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 as of the date of this press release, the Company has repurchased a total of 4,203,178 ADSs in an aggregate amount of approximately US$104.1 million in the open market under its share repurchase program announced in July 2022 and the extended share repurchase program announced in December ...

SHANGRAO, China, April 28, 2024 /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 provided information on a fire accident that occurred at one of its silicon wafer slicing and solar cell manufacturing workshops in Shanxi Province. The fire broke out on the afternoon of April 26, 2024, and the Company immediately initiated emergency response procedures and worked with the local fire d ...

Tomas Ragina/iStock via Getty Images The historical industrial success of the United Kingdom was from coal and the economic success of the United States in the past century was from oil. Turning to the 21st century and beyond, it is not exaggerated to say that China's economy and global power will benefit from clean energy and associated technologies. Currently, over 80% of equipment are exported from China, and amongst all manufacturers, JinkoSolar (NYSE:JKS) is the leader. According to the latest earn ...

SHANGRAO, China, April 26, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has once again topped the PV Tech 2024 Q1 ModuleTech Bankability Report, earning a "AAA" rating, which underlines the company's leadership position in manufacturing excellence, reliable quality, market share, sound financial performance, and technological innovation. JinkoSolar achiev ...

SHANGRAO, China, April 25, 2024 /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 the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 25, 2024. The Company's annual report on Form 20-F contains its audited consolidated financial statements and is available on the C ...

Financial Position - As of December 31, 2023, the company held RMB16.06 billion (US$2.26 billion) in cash and cash equivalents, with RMB4.45 billion (US$626.5 million) denominated in U.S. dollars[790]. - The company has short-term borrowings of RMB13.58 billion (US$1.91 billion) and long-term borrowings of RMB11.24 billion (US$1.58 billion) as of December 31, 2023[792]. - The average interest rate for long-term borrowings was 5.8% as of December 31, 2023[792]. - The company has a convertible senior note of US$85 million due in 2024, with US$71.0 million already converted[797]. Foreign Exchange and Gains - The company recorded a net foreign exchange gain of RMB0.94 billion (US$132.1 million) in 2023 due to the appreciation of the U.S. dollar against the Renminbi[789]. - The company has entered into foreign exchange forward contracts with notional values of US$870.0 million and €170.0 million, maturing within 12 months[788]. Credit Losses and Warranty Obligations - The provision for credit losses is estimated based on past collection experience and current economic conditions, with an expected credit loss increase of RMB2.5 million if forward-looking factors increase by 5%[632]. - The company estimates a 1% expected failure rate for solar module warranties over the warranty period[635]. - An increase of 5% in key assumptions for warranty obligations would raise the accrued warranty liability by RMB38.4 million[636]. Depositary Fees and Expenses - The depositary collects a fee of $5.00 (or less) per 100 ADSs for issuance and cancellation of ADSs[801]. - A fee of $0.05 (or less) per ADS is charged for any cash distribution to ADS registered holders[801]. - The annual reimbursement from the depositary for legal and investor relations expenses in 2023 is US$301.6 thousand[802]. - A fee of $1.50 per ADR is applicable for the transfer of ADRs[801]. - The depositary may charge $0.05 per ADS per calendar year for depositary services[801]. - Taxes and governmental charges related to ADSs or underlying shares are applicable as necessary[801]. - The depositary may refuse to provide services until its fees are paid[800]. - Expenses incurred by the depositary for servicing deposited securities may be charged as necessary[801]. - The depositary collects fees for making distributions by deducting from amounts distributed or selling a portion of distributable property[800]. - The depositary's annual fee for depositary services may be collected through deductions from cash distributions[800]. Economic Conditions - Inflation in China was reported at 0.2% in 2023, which has not materially impacted the company's operations[786].

SHANGRAO, China, April 23, 2024 /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 at the KEY Exhibition 2024 in Rimini, where it unveiled its first NeoGreen modules produced in factories using renewable energy throughout the entire production chain, and its subsidiary signed a purchase agreement with Nyox Srl, a leading renewable energy solutions provider based in Ital ...