SHANGRAO, China, Jan. 17,
2025 /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 majority-owned principal operating subsidiary,
Jinko Solar Co., Ltd. ("Jiangxi Jinko"), published estimates for
certain preliminary unaudited financial results for the full year
ended December 31, 2024.
For the year ended December 31,
2024, (i) preliminary unaudited net income attributable to
shareholders of Jiangxi Jinko is estimated to be in the range of
RMB80 million to RMB120 million, a decrease of 98.39% to 98.92% or
RMB7,320.48 million to RMB7,360.48 million year-over-year, and (ii)
preliminary unaudited net loss attributable to shareholders of
Jiangxi Jinko excluding extraordinary gains and losses is estimated
to be in the range of RMB750 million
to RMB1,050 million, a decrease of
110.86% to 115.21% or RMB7,654.04
million to RMB7,954.04 million
year-over-year.
The preliminary unaudited financial results for Jiangxi Jinko
for full year 2024 included in this press release (the "Jiangxi
Jinko Preliminary Unaudited Financial Results") differ from
JinkoSolar's consolidated financial results (the "Consolidated
Financials"), due to (i) the consolidation scope of the Jiangxi
Jinko Preliminary Unaudited Financial Results differing from that
of the Consolidated Financials as the former are prepared solely
for Jiangxi Jinko, whereas the Consolidated Financials also include
financial statements from JinkoSolar and its other subsidiaries,
and (ii) differences in accounting standards and principles used to
prepare the Jiangxi Jinko Preliminary Unaudited Financial Results
and the Consolidated Financials. Specifically, 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. As such,
investors in JinkoSolar should exercise caution when reviewing the
Jiangxi Jinko Preliminary Unaudited Financial Results included in
this press release and are advised not to base their investment
decisions solely on such preliminary unaudited financial
results.
JinkoSolar currently owns approximately 58.59% 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
Kingdom, Chile,
South Africa, India, Mexico, Brazil, the United
Arab Emirates, Italy,
Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar had over 10 productions facilities globally, over 20
overseas subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the
United States, Mexico,
Brazil, Chile, Australia, Canada, Malaysia, the United
Arab Emirates, Denmark,
Indonesia, Nigeria and Saudi
Arabia, and a global sales network with sales teams in
China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan,
the United Arab Emirates,
Netherlands, Vietnam and India, as of September
30, 2024.
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:
In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com
Mr. Rene Vanguestaine
Christensen
Tel: +86 178 1749 0483
Email: rene.vanguestaine@christensencomms.com
In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale,
Arizona
Tel: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
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SOURCE JinkoSolar Holding Co., Ltd.