Jinkosolar Holding Company Limi (NYSE:JKS)

SHANGHAI, March 19,‎‎‎ 2020‎ /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 Mr. Xiande Li, Chairman of JinkoSolar's Board of Directors, has completed his purchase of 200,000 JinkoSolar American depositary shares ("ADSs"). On March 5, 2020, Mr. Li informed the Company of his intention to use personal funds to purchase 200,000 JinkoSolar ADSs by March 31, 2020. The purchase of the ADSs was effected on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time, subject to market conditions and in accordance with applicable requirements under the U.S. Securities Exchange Act of 1934, as amended, as well as JinkoSolar's insider trading policy.‎

SHANGHAI, March 19,‎‎‎ 2020‎ /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 Mr. Xiande Li, Chairman of JinkoSolar's Board of Directors, has completed his purchase of 200,000 JinkoSolar American depositary shares ("ADSs"). On March 5, 2020, Mr. Li informed the Company of his intention to use personal funds to purchase 200,000 JinkoSolar ADSs by March 31, 2020. The purchase of the ADSs was effected on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time, subject to market conditions and in accordance with applicable requirements under the U.S. Securities Exchange Act of 1934, as amended, as well as JinkoSolar's insider trading policy.‎

Fourth Quarter 2019 Financial Results

• Total revenues were RMB9.53 billion ( US$1.37 billion ), within JinkoSolar's updated guidance range of US$1.35 billion to US$1.38 billion ; an increase of 27.4% from the third quarter of 2019 and 23.4% from the fourth quarter of 2018.
  
• Non-GAAP basic and diluted earnings per ADS were both RMB9.74 (US$1.40) in the fourth quarter of 2019, compared with RMB6.83 and RMB6.13 in the third quarter of 2019, respectively, and RMB2.84 for both in the fourth quarter of 2018.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "JinkoSolar's growth story continues to progress strongly and I couldn't be prouder of our very strong performance during the quarter in which solar module shipments, total revenue and gross profit all hit record highs. Module shipments during the quarter were 4,538 MW, an increase of 36% sequentially and 25% year-over-year. Total revenues during the quarter were US$1.37 billion, an increase of 27% sequentially and 23% year-over-year, while gross profit hit US$250 million. We are benefitting from the rapid expansion of our mono wafer production capacity during the second half of 2019 and our industry-leading integrated cost structure, which has ideally positioned us to drive growth throughout full year 2020 where we expect solar module shipments to increase by approximately 35%."

"2019 marked a significant milestone in our corporate history in which we successfully completed our transformation into the most competitive solar manufacturer in the world. The efficient execution of our strategy throughout the second half of the year allowed us to rapidly transition our operations and production facilities from poly to mono while steadily increasing the proportion of products produced through our fully integrated manufacturing process. This allowed us to rapidly begin mass production of our innovative solar products and distribute them to our growing customer base who are eager to benefit from the increased efficiency of our products. We also further refined our management processes to further optimize operational efficiency across our business and supply chain, which significantly reduced manufacturing costs."

"A number of emerging markets are flourishing with many of them approaching gigawatts levels, which we believe reflects the direction the market is headed with demand diversifying globally instead of concentrating in a few large markets. We believe global demand in 2020 will continue its strong growth momentum with newly added installations expected to reach 140GW to 150GW, an increase of around 20% year-over-year. New installations in Europe doubled in 2019 while ASPs in the U.S. remained high as a result of constrained supply. The subsidy in China for 2020 is finalized earlier in the year than was done last year which will allow more time for project development planning and installation and is expected to result in a higher overall completion rate. A number of projects from 2019 will likely be delayed into 2020 which we expect will result in total installations in China reaching 40GW to 50GW for full year 2020, an increase of about 50% year-over-year. With grid parity rapidly approaching in many markets, the long-term growth potential of the industry is rapidly opening up."

"The outbreak of COVID-19 across China affected certain raw materials supply and logistics during the first quarter of 2020, causing some module shipments be postponed to the second quarter of 2020. In response to the outbreak, we implemented a number of initiatives to ensure business continuity, including ensuring the safety and health of our employees and minimizing the impact of the outbreak on production and delivery by stocking up on critical raw materials and optimizing production and logistics. Our supply chain and logistics were temporarily affected by the outbreak early in the first quarter of 2020 but has improved significantly. Our current capacity utilization rate has already recovered to 100%. We estimate that approximately 400 MW to 500MW of our solar module shipments in the first quarter will be postponed to the second quarter, causing shipments in the second quarter to increase significantly. We believe our shipments and capacity expansion plans for the full year 2020 will not be impacted by the outbreak."

"The competitiveness of products in the market today is driven by the technologies they incorporate. We increased our investments into R&D in 2019 which resulted in our products breaking world records of cell efficiency and module output twice in June 2019 and once in January 2020. We believe our ability to consistently drive technological breakthroughs coupled with our expa

Operations and Business Outlook

Outbreak of COVID-19 not expected to have any material adverse impact on operations; JinkoSolar reiterates full year 2020 shipment guidance and capacity expansion plans.

First Quarter and Full Year 2020 Guidance

The Company's business outlook is based on management's current views and estimates with respect to market conditions, production capacity, the Company's order book and the global economic environment. This outlook is subject to uncertainty on final customer demand and sale schedules. Management's views and estimates are subject to change without notice.

For the first quarter of 2020, the Company expects total solar module shipments to be in the range of 3.4 GW to 3.7 GW. Total revenue for the first quarter is expected to be in the range of US$1.00 billion to US$1.08 billion. Gross margin for the first quarter is expected to be between 19% and 21%.

For full year 2020, the Company estimates total solar module shipments to be in the range of 18 GW to 20 GW.

Solar Products Production Capacity

JinkoSolar expects its annual mono wafer, solar cell and solar module production capacity to reach 19.0 GW, 11.0 GW (including 900 MW N-type cells) and 25.0 GW, respectively, by the end of 2020.

Recent Business Developments

• In November 2019, JinkoSolar delivered to X-ELIO, a leading company dedicated to the development, construction and operation of photovoltaic plants, 950 MW of its ultra-high efficiency Cheetah 72 cells solar modules to be installed at different projects across Spain and Mexico.
• In November 2019, JinkoSolar supplied 300MW of its high energy density Tiger panels for an ultra-high voltage demonstration plant in Qinghai Province, China.
• In December 2019, JinkoSolar supplied approximately 40 MW of its ultra-high efficiency Cheetah HC 60 solar modules to Obton, one of the leading global developers and investors of photovoltaic solar energy.
• In December 2019, JinkoSolar signed an agreement with COSCO SHIPPING Lines (Greece) S.A. to use the Greek Port of Piraeus as a distribution hub for the shipment of its renewable energy products in Europe, and in particular for Greece, the Balkans and the EMEA region.
• In January 2020, JinkoSolar signed an MOU with Shanghai Institute of Space Power-Sources (SISP) to co-develop high efficiency solar cell technology for both space and terrestrial applications.
• In January 2020, the maximum conversion efficiency of JinkoSolar's bifacial solar modules reached 22.49%, breaking the previous world record and setting a new industry standard for efficiency of mass produced solar cells.
• In January 2020, Dr. Hao Jin was appointed as the Chief Technology Officer of JinkoSolar.

nding production capacity for high efficiency products will continue to drive down manufacturing costs."

SHANGHAI, March 6, 2020 /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 raised its guidance for the fourth quarter and full year ended December 31, 2019. The raised guidance is subject to adjustments based upon completion of the Company's internal review process. Final reported results could differ materially from the estimates provided below.

Fourth Quarter 2019 Guidance

Total solar module shipments will be in the range of 4.5 gigawatt ("GW") to 4.6 GW, exceeding the Company's previous guidance range of 4.2 GW to 4.4 GW by approximately 6%
Total revenues will be in the range of US$1.35 billion to US$1.38 billion, exceeding the Company's previous guidance range of US$1.17 billion to US$1.23 billion by approximately 14%
Gross margin will be in the range of 18% to 20%, compared to guidance of 18.5% to 20.5%

Full Year 2019 Guidance

Total solar module shipments will be in the range of 14.3 GW to 14.4 GW, compared to the Company's previous guidance range of 14.0 GW to 14.2 GW

Full Year 2020 Guidance

JinkoSolar reiterates its outlook for full year 2020 with total solar module shipments expected to be in the range of 18.0 GW to 20.0 GW

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer, commented, "JinkoSolar's growth story continues to progress strongly and I couldn't be prouder of the very significant expansion of our expected shipments and total revenues during the quarter. 2019 marked a significant milestone in our corporate history in which we successfully completed our transformation into one of the most competitive solar manufacturers in the world. The efficient execution of our strategy throughout the second half of the year allowed us to rapidly transition our operations and facilities from poly to mono production and steadily increase the proportion of products made through our fully integrated manufacturing process. Both domestic and overseas demand for our mono products remains incredibly strong, which leaves us even more confident in reiterating our outlook for 2020 where solar module shipments are expected to be in the range of 18-20 GW, an approximately 35% year-over-year increase. We remain fully committed to driving growth in this new era of grid parity and delivering long-term sustainable value to our shareholders."

SHANGHAI, March 5, 2020 /PRNewswire/ -- Jinkosolar has announced its new N type all black solar panel specifically developed for home installation, boasting a maximum output of 405 Wp, hitting a 21.22% efficiency, which enables homeowners to fit more power capacity on rooftops than ever before. Black backsheet and frames complete the look of the all-black panel and provides sleek, anesthesia appearance, perfectly matching roofs.

This highly-anticipated all black N type panel will be Jinkosolar's first-ever panel specifically for home installation and one of the world's most powerful residential solar panels. Its expanded product portfolio is objected to provide tailored made solutions for each diversified market and deliver greater value to customers.

This does not mean other panels made today won't do the exact same thing – the industry has become very talented, and knowledge about how to do high quality work spreads fast. But it is true that few manufacturers like Jinkosolar have an actual 55GW delivery track record to back that data up. The widespread deployment of this new home targeted module implies JinkoSolar's strategy to continue building on its strong leadership position in distributed generation around the world.

SHANGHAI, March 5,‎‎‎ 2020‎ /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 Mr. Xiande Li, Chairman of JinkoSolar's Board of Directors, has informed the Company of his intention to use personal funds to purchase 200,000 American depositary shares ("ADSs") of JinkoSolar by March 31, 2020. The proposed ADSs purchase may be effected on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time, subject to market conditions and in accordance with applicable requirements under the U.S. Securities Exchange Act of 1934, as amended, as well as JinkoSolar's insider trading policy.‎

"I believe that this share repurchase demonstrates my confidence in our growth strategy and long-term prospects," said Mr. Li, "We remain focused on driving growth in this new era of grid parity and generating long-term sustainable value for our shareholders."

SHANGHAI, March 5, 2020 /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 responded to allegations made in a short seller report by Bonitas Research LLC ("Bonitas Research").

The Company is aware of and has carefully reviewed the short seller report published by Bonitas Research, on March 4, 2020. Based upon its review and evaluation, the Company denies the claims in the report and believes the report contains numerous errors, unsubstantiated statements and misleading conclusions and interpretations regarding events relating to the Company.

The Company reserves the right to take appropriate legal action against Bonitas Research and the right to rebut the allegations.

The Company is committed to maintaining the highest standards of corporate governance, as well as transparent and timely disclosure in compliance with the applicable rules and regulations of the United States Securities and Exchange Commission and the New York Stock Exchange.

SHANGHAI, March 5, 2020 /PRNewswire/ -- JinkoSolar, the world's largest solar module producer, hit a new high last Wednesday after CICC upgrading its rating from Neutral to Outperform. Buying in JKS was also caused by continued optimism over the company's lead over its peers in broad geographical distribution and high-efficiency technology development.  

JinkoSolar's Tiger 465Wp TR process, which began volume production in the first quarter of 2020, and will match yields similar to the original Cheetah process, is widening the technology lead over its rivals. According to JinkoSolar, the volume production of the TR and TR+ process is one of the fastest on record and the process is one of the best the industry's commercially available and economic sensible technologies up to 20.71%.

To date, Tiger module has been sold over 1GW in the past three months. Looking ahead, JinkoSolar sees strong demand and expects the next few quarters to outperform their typical seasonal patterns. To support this rising demand, JinkoSolar is ramping up its advanced Tiger process technologies.

From a full-year perspective, JinkoSolar is expected to enjoy solid revenue growth in key products such as Swan TB bifacial, high performance Tiger and Tiger Plus using N-Type process specially designed for home and business market. Tiger series capacity aims to reach 10 GW in the fourth quarter 2020 and will account for about one third full year sales.

SHANGHAI, Nov. 29, 2019 /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 supplied 300MW of its high energy density Tiger panels for an ultra-high voltage demonstration plant in Qinghai Province, China.

The Qinghai Ultra High Voltage Demonstration Plant is the first ground mounted utility project in the world to install JinkoSolar's Tiger panels which have 20.4% module efficiency. JinkoSolar's efficient Tiger series deliver value as a result of a unique tiling ribbon that improves reliability and efficiency, and outperforms conventional panel yield in real-world conditions such as partial shading and elevated temperatures.

Mr. Kangping Chen, CEO of JinkoSolar, commented, "As a top global module supplier, we are constantly innovating and improving the quality products and I am proud to have the opportunity to demonstrate their effectiveness by installing them for the first time on a ground mounted utility project. Our Tiger panels are some of our most sought-after products due to their application of unique tiling ribbon technology which removes any gaps between the cells, improving reliability and efficiency."

Third Quarter 2019 Financial Results

• Total revenues were RMB7.48 billion (US$1.05 billion), an increase of 8.2% from the second quarter of 2019 and an increase of 11.8% from the third quarter of 2018.
• Non-GAAP basic and diluted earnings per ADS were RMB6.832 (US$0.956) and RMB6.128 (US$0.856), respectively, in the third quarter of 2019, compared with both RMB4.872 in the second quarter of 2019 and both RMB5.280 in the third quarter of 2018.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "I'm pleased to report strong operational and financial results for the third quarter which I believe marks a turning point for our business, as we begin to increasingly benefit from our technology transformation, industry-leading cost structure and expanding mono capacity. Module shipments during the quarter were 3,326 megawatts, an increase of 12.6% year-over-year and a slight decrease sequentially. Our integrated production costs continued to decrease, which, combined with our high-quality products and global distribution footprint, allowed us to initiate a reset of our gross margin, expanding it to 21.3% during the quarter, a significant 6 percentage point increase year-over-year. We are very optimistic about our growth prospects next quarter and throughout 2020 where we expect to see our overall profitability strengthen and margins expand."

"Our technological transformation began in 2016 when we started producing mono wafers, and have since then accumulated three years of operational and technical expertise which we applied in our mono production facility in Leshan, Sichuan Province. This technological transformation is now largely complete, with Phase I of the production facility having begun operations and ramped up to full 5GW capacity during the second quarter of 2019. I believe this reflects our strategic foresight and strong execution capabilities. We are now at a strategic turning point in our corporate history with mono-based high-efficiency products accounting for nearly 75% of the total solar module shipments during the quarter, which is expected to increase to 99% in 2020."

"The late announcement of the government subsidy policy for PV projects in China earlier this year delayed a large number of projects which we believe will restart during the fourth quarter and the first quarter of 2020. This delay is expected to drive strong domestic demand over the next six months, especially since China's national renewable energy information management center recently announced that it is accelerating the formulation of subsidy policies for PV projects in 2020. With the cost of solar energy now falling below that of conventional energy sources in many markets across the globe and more aggressive clean energy targets being set by governments, we are also very confident and optimistic that global demand will significantly increase next year. We currently estimate that global installations next year will be approximately 20% higher than this year."

"We continue to invest in product development to meet growing market demand for high-quality and efficient products. We expanded our production capacity of N-type cells to 800MW during the quarter, and are currently ramping up to full production which is expected to begin next quarter. Our N-type cells reached a record high efficiency of 24.58% in June 2019. We also recently unveiled a new Tiger module which, with its 20.78% efficiency and peak power output of 460W, offers our clients significantly improved efficiency, lower production costs and a better internal rate of return."

"With domestic demand rebounding strongly and overseas demand driven by aggressive new clean energy targets, we expect the fourth quarter and full year 2020 to generate strong growth in shipments and strengthen our overall profitability and margin profile. With the demand growing rapidly both domestically and overseas for our mono products, we have strategically decided to convey our confidence in next year's strong growth with total solar module shipments expected to be in the range of 18.0 GW to 20.0 GW for the full year 2020, an approximately 35% year-over-year increase. As one of the largest and most innovative solar module manufacturers in the world, we will continue to drive growth in this new era of grid parity and deliver long-term sustainable value to our shareholders."

Operations and Business Outlook

Fourth Quarter and Full Year 2019 Guidance

The Company's business outlook is based on management's current views and estimates with respect to market conditions, production capacity, the Company's order book and the global economic environment. This outlook is subject to uncertainty on final customer demand and sale schedules. Management's views and estimates are subject to change without notice.

For the fourth quarter of 2019, the Company does not expect the benefit of Anti-dumping ("ADD") and Countervailing Duty ("CVD") and expects total solar module shipments to be in the range of 4.2 GW to 4.4 GW. Total revenue for the fourth quarter is expected to be in the range of US$1.17 billion to US$1.23 billion. Gross margin for the fourth quarter is expected to be between 18.5% and 20.5%.

For the full year 2019, the Company estimates total solar module shipments to be in the range of 14.0 GW to 14.2 GW.

Full Year 2020 Guidance

Solar Module Shipments

Total solar module shipments for the full year of 2020 would be in the range of 18.0 GW to 20.0 GW

Solar Products Production Capacity

JinkoSolar expects its annual silicon wafer, solar cell and solar module production capacity to reach 20.0 GW (including 18.0 GW of mono wafers), 10.6 GW (including 800 MW N-type cells) and 22.0 GW, respectively, by the end of 2020.

Recent Business Developments

• In September, JinkoSolar was invited to the UN Climate Action Summit 2019 which was held at the UN headquarters in New York on September 23, 2019.
• In September, JinkoSolar signed a module supply contract with METKA EGN, a world-class EPC contractor, for 300 MW of JinkoSolar's ultra-high efficiency Cheetah modules to be installed at a large-scale solar power plant in the municipality of Talaván, Cáceres, Spain.
• In September, JinkoSolar committed to the RE100 and EP100 initiatives. These global campaigns are led by The Climate Group, an international non-profit organization working closely with powerful business networks and governments to bring innovative solutions to scale.
• In October, SelectUSA presented JinkoSolar with a Certificate of Appreciation in recognition of its module assembly facility in Jacksonville, Florida and the positive investment in the United States leading to job creation and economic growth.
• In October, JinkoSolar launched a new high efficiency Tiger module using 9-busbar Mono PERC and Tiling Ribbon (TR) technology at All-Energy Australia 2019, Australia's largest national showcase of clean and renewable energy.
• In November, JinkoSolar expanded its high-efficiency mono wafer production capacity at its production facility in Leshan, Sichuan Province, with an additional 5GW.
• In November, JinkoSolar joined the board of directors at the Solar Energy Industries Association (SEIA), the national trade association representing the U.S. solar energy industry.
• In November, JinkoSolar recognized as a China National Manufacturing Champion in the latest published list by the MIIT and the CFIE for its excellence in the manufacturing of its major product, solar modules.

JACKSONVILLE, Fla., Nov. 13, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) ("JinkoSolar"), one of the largest and most innovative solar module manufacturers in the world, today announced that the Administrative Law Judge ("ALJ") in U.S. International Trade Commission Investigation No. 337-TA-1151 ("the 1151 Investigation") issued an order indicating that JinkoSolar's motion for summary determination of non-infringement will be granted within two weeks.

The 1151 Investigation was initiated by Hanwha Q CELLS in March 2019 on the basis of a single patent asserted against JinkoSolar. In September, the ALJ interpreted the meaning and scope of the patent claims, and today announced that JinkoSolar's motion for summary determination will be granted and the hearing has been stayed indefinitely.

"From the beginning, we have said that Hanwha Q CELLS' complaints were without technical or legal merit, and were only meant to slow us down. We are very pleased with today's order, which validates our position," said Kangping Chen, CEO of JinkoSolar. "JinkoSolar believes healthy, fair competition is good for customers and we look forward to continuing to do what we do best: selling innovative, high-powered solar modules to our customers." 

NEW YORK, Sept. 25, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has committed to the RE100 and EP100 initiatives. These global campaigns are led by The Climate Group, an international non-profit organization working closely with powerful business networks and governments to bring innovative solutions to scale.

The RE100 initiative brings together the world's most influential companies committed to 100% renewable power. To reach this global climate goal and drive a low carbon economy, each company has committed to source 100% of the electricity used across their global operations from renewable sources. The EP100 initiative brings together a growing group of energy-smart companies committed to doing more with less

As part of the pledge, JinkoSolar will power all of its solar plants and global operations with 100% renewable power by 2025. By 2030, the Company will deploy an energy management system across its operations and improve its energy productivity by 30% when compared to 2016. To work towards these goals, JinkoSolar has also signed up for the EP100 Cooling Challenge to increase the energy efficiency of its cooling operations.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "We care about long-term sustainability just as much as we care about the quality of our products. We continuously encourage our suppliers to source renewable electricity and support green practices. As one of the leading companies in the renewable energy sector, it is important to be responsible role models for a sustainable future. The core of our business is to be green and we are thrilled to be the first global solar manufacturer becoming a member of the RE100 and EP100 initiatives."

Yuming Hui, China Director, The Climate Group, said, "It's fantastic to see JinkoSolar leading by example on cleaner, smarter energy use and investing in solar power and energy efficient cooling. By joining RE100 and EP100, JinkoSolar is putting itself on the map in a busy week for global climate action and demonstrating what can be done. The private sector has a vital role to play in accelerating China's clean economy, and we hope many more companies will follow suit.

MUNICH, Sept. 24, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has signed a module supply contract with METKA EGN, a world-class EPC contractor, for 300 MW of JinkoSolar's ultra-high efficiency Cheetah modules to be installed at a large-scale solar power plant in the municipality of Talaván, Cáceres, Spain (the "Talasol Project").

"Cheetah modules are widely accepted by the market and has become industry standards. We are delighted that METKA EGN, one of the most professional and experienced EPCs developers globally, has once again placed their trust in the superior quality and reliable performance of our solar modules for this impressive new project in Spain. The Talasol project will create a benchmark in Europe in terms of competitively-priced and subsidy-free solar power. It is also one of the largest utility scale projects ever built in Europe and JinkoSolar is very proud to be a part of such a milestone," said Mr. Frank Niendorf, General Manager of JinkoSolar Europe.

Mr. Nikos Papapetrou, CEO of METKA EGN commented: "The 300 MW Talasol project is a landmark venture not only in Spain, but for the whole of Europe. We have our full trust in JinkoSolar, one of the leading companies in the solar industry, as our strategic module supplier and are confident that they will deliver their high-performance, durable and reliable modules on time which will help produce long-term sustainable renewable energy."

SHIHEZI, China, Sept. 11, 2019 /PRNewswire/ -- Daqo New Energy Corp. (DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it has signed a two-year polysilicon supply agreement with JinkoSolar Holding Co., Ltd. ("JinkoSolar") (JKS), one of the largest and most innovative solar module manufacturers in the world.

Under the terms of the supply agreement, Daqo New Energy will supply JinkoSolar with 12,000 to 14,400 MT and 15,600 to 21,600 MT of polysilicon during calendar year 2020 and 2021, respectively. Prices will be determined on a monthly basis according to market pricing.

Mr. Shihua Su, Chief Marketing Officer of Daqo New Energy, commented, "We're very pleased to sign this two-year supply agreement with JinkoSolar which will further strengthen our long-term strategic relationship. JinkoSolar is significantly expanding its mono-wafer capacity as part of their strategy to meet the rapidly changing demand from end customers. Our two companies have a long-standing partnership that spans many years and we are delighted to have been selected for our ability to produce high-purity mono-grade polysilicon. This supply agreement further demonstrates Daqo as the supplier of choice for high-quality mono-grade polysilicon with proven reliability. Once our Xinjiang polysilicon production facility expands to 70,000 MT capacity by the end of this year, we will be able to meet the rapidly growing demand from our mono-solar customers and the global solar PV industry."

First Quarter 2019 Financial Results

• Total revenues in the first quarter of 2019 were RMB5.82 billion (US$867.5 million), a decrease of 24.6% from RMB7.72 billion in the fourth quarter of 2018 and an increase of 27.5% from RMB4.57 billion in the first quarter of 2018. 
• Non-GAAP basic and diluted earnings per ADS were RMB0.848 (US$0.128) and RMB0.840 (US$0.124) in the first quarter of 2019, compared with RMB2.852 and RMB2.852 in the fourth quarter of 2018 and RMB0.300 and RMB0.296 in the first quarter of 2018, respectively.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We started the year strongly as we continue diversifying our global distribution network and expanding our market share in key overseas markets. Module shipments during the first quarter were 3,037 megawatts, an increase of 50.7% year-over-year and a decrease of 16.1% sequentially. Our gross margin was 16.6%, up from 14.7% sequentially and 14.4% year-over-year as we increasingly benefit from a higher proportion of sales being generated by our self-produced high efficiency mono products and further reductions in production cost."

"We continue to see strong demand from overseas markets and have secured the vast majority of our order book for the rest of the year. The global solar market continues to generate rapid and sustainable growth momentum as grid parity approaches, in particular for our high-efficiency mono products which are continuously in short supply. Our global distribution network allowed us to quickly meet growing demand for our high-efficiency mono products over the past few quarters as the market transitioned. We are accelerating the expansion of our high-efficiency mono production capacity and estimate they will account for over 60% of our total shipments for the year."

"On the domestic front, policies recently laid out by China's National Energy Administration are expected to create a strong demand during the second half of the year. China is expected to install 40 GW this year. European markets continue to perform very well following the cancellation of the minimum import price policy, resulting in a surge in demand from price-sensitive projects. We expect European installations to hit 17 GW this year. In the U.S., recent policy changes exempting bifacial solar modules from Section 201 tariffs are expected to further accelerate medium and long-term demand and significantly increase the application of bifacial modules. The U.S. is expected to install 12 GW to 15 GW this year."

"We successfully raised US$160 million last month in a follow-on offering of ADSs and concurrent private placement of convertible senior notes, which is being deployed to expand our mono wafer and PERC cell capacities. Our new 5 GW mono wafer production facility in Leshan, Sichuan Province began trial production this month and will ramp up to full capacity by the fourth quarter of this year. This new production facility will serve as a benchmark for the industry with its cutting-edge technology and industry-leading cost structure. The additional mono wafer capacity will allow us to significantly increase the proportion of self-produced high-efficiency products and improve overall profitability."

"This year, we also launched the latest addition to our premium Cheetah products, the "Swan" bifacial module with a new DuPont Clear DuPont™ Tedlar®-based backsheet. This module uses lightweight materials, which alleviate a number of problems during the installation process and lower cost per kilowatt hour of electricity produced for our customers. We believe that demand for bifacial transparent backsheet products will grow rapidly as they become more mainstream going forward."

"I am pleased with the progress we made during the quarter in reinforcing our competitive strengths and favorably positioning ourselves for the future. We will continue to expand our market share in China and overseas, ramp up production of high-efficiency mono products and leverage our strong brand recognition and reputation for quality to meet global demand."

Operations and Business Outlook

Second Quarter and Full Year 2019 Guidance

For the second quarter of 2019, the Company estimates total solar module shipments to be in the range of 3.2 GW to 3.3 GW. 

For the full year 2019, the Company estimates total solar module shipments to be in the range of 14.0 GW to 15.0GW.

SHANGHAI, June 17, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (JKS), one of the largest and most innovative solar module manufacturers in the world, today announced it has supplied Trung Nam Group with 258MW of monocrystalline PERC double glass modules which were installed at one of the largest solar-wind hybrid projects in Vietnam.

Located in Ninh Thuan Province, Phase 1 of the project was recently completed which combined 258MW of solar power and 90MW of wind-turbine power. Together, this hybrid energy project will generate 1 billion kWh of electricity which covers about 157% of the total electricity demand of Ninh Thuan Province and is transmitting to the national grid through the 220kV Thap Cham transformer substation, located in Thuan Bac district.

"Due to increasing population density and competition for available land, space is at a premium and the high humidity requires highly efficient and durable solar panels. The ultra-high performance and reliability of JinkoSolar's double glass 380-watt panels are perfectly suited for the environment and will help drive growth in Vietnam's solar industry. JinkoSolar's modules not only have more power but are also resistant to humidity, which are both very crucial considerations for large-scale solar deployment in Vietnam," commented Mr. Nguyen Tam Tien, CEO of Trung Nam Group.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "This massive project is a leading example of how renewable energy is the future of Vietnam's long-term strategy to meet its energy demands. New technologies driving the development of high efficiency PV products have created huge incentives to develop Vietnam's renewable energy sector, making this an opportune time to move ahead with a project of this scale and impact in Vietnam. Unlocking clean energy potential means costs for solar power will become very affordable for countries like Vietnam and help drive economic development across the region. JinkoSolar will continue to play a key role in supporting new large-scale, low-emissions solar energy commercial projects in Vietnam."

SHANGHAI, June 3, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that the maximum conversion efficiency of its cheetah size cells and N-type cells reached 24.38% and 24.58%, respectively, during testing conducted by the Chinese Academy of Sciences in March 2019, China'sauthoritative national academy for the natural sciences. Additionally, power generated by JinkoSolar's 72 version high efficiency monocrystalline module (cell: 158.75*158.75) reached 469.3W during testing conducted by TÜV Rheinland, a respected third-party institution, in May 2019. JinkoSolar has made significant breakthroughs in the field of high efficiency and high power of cells and modules, setting a new industry standard for peak performance.

JinkoSolar's production chain, including R&D teams from silicon wafers, solar cells and solar modules, all made significant technological breakthroughs which were key to the extremely high solar cell efficiency and module power output. Several advanced technologies have been implemented, including: silicon wafer growth with extremely low oxygen and defect concentration, HOT solar cell technology, low-loss cell connection technology, and in-module light harvesting technology.

"With our commitment to revolutionize the industry using technological innovation, JinkoSolar has been continuously breaking world records for the efficiency of solar cells and modules," commented Dr. Hao Jin, JinkoSolar R&D Vice President. "To complement our efforts in continuously upgrading product technology and create more value for our global customers, JinkoSolar has established a joint research platform with many advanced R&D institutions across the globe."

SHANGHAI, June 3, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that the maximum conversion efficiency of its cheetah size cells and N-type cells reached 24.38% and 24.58%, respectively, during testing conducted by the Chinese Academy of Sciences in March 2019, China'sauthoritative national academy for the natural sciences. Additionally, power generated by JinkoSolar's 72 version high efficiency monocrystalline module (cell: 158.75*158.75) reached 469.3W during testing conducted by TÜV Rheinland, a respected third-party institution, in May 2019. JinkoSolar has made significant breakthroughs in the field of high efficiency and high power of cells and modules, setting a new industry standard for peak performance.

JinkoSolar's production chain, including R&D teams from silicon wafers, solar cells and solar modules, all made significant technological breakthroughs which were key to the extremely high solar cell efficiency and module power output. Several advanced technologies have been implemented, including: silicon wafer growth with extremely low oxygen and defect concentration, HOT solar cell technology, low-loss cell connection technology, and in-module light harvesting technology.

"With our commitment to revolutionize the industry using technological innovation, JinkoSolar has been continuously breaking world records for the efficiency of solar cells and modules," commented Dr. Hao Jin, JinkoSolar R&D Vice President. "To complement our efforts in continuously upgrading product technology and create more value for our global customers, JinkoSolar has established a joint research platform with many advanced R&D institutions across the globe."

MUNICH, May 15, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, officially launched the latest addition to the Company's range of premium Cheetah products, the "Swan" bifacial module with new DuPont Clear DuPont™ Tedlar®-based backsheet on May 15th at Intersolar Europe 2019. The global launch was done in collaboration with DuPont and PV Magazine.

The Swan module represents the next iterative development in bifacial power generation as it gradually becomes a mainstream technology. By combining high-efficiency mono PERC Cheetah bifacial cells and clear DuPont™ Tedlar® film for backsheets, Swan modules can achieve power output of up to 400W on the front side and up to 20% energy gain from the rear side. Leveraging the transparent backsheet, Swan bifacial panels can produce the same power output levels and rear-side energy gain as dual-glass bifacial modules, weigh less, are easier to install and include a 30-yearpower warranty. In addition, they can generate more BOS cost savings due to their lower weight and decreased cost of installation and mounting which helps them generate higher IRR and lower LCOE for bifacial module PV projects.

"JinkoSolar and DuPont share a common philosophy of excellence, quality and innovation, and strive to promote the continuous improvement of solar panel power output and durability," said Frank Niendorf, General Manager Europe, JinkoSolar. "We look forward to further diversifying our global product portfolio by including a new bifacial module with DuPont's Clear DuPont™ Tedlar® film. By this we will offer another competitive value proposition with long-term field-proven performance, research and innovation capabilities to our customers worldwide. We are honored to be able to further promote the sustainable development in the solar industry together with a reliable partner like DuPont."

Commenting on the new product launch, Eric Wang, Global Business Director, DuPont Photovoltaic Solutions said: "We are proud to count as a strategic partner to JinkoSolar, the world's leading module manufacturer. By providing solar material innovation based on more than 35 years of unrivalled field-proven performance and reliability, we continue to lower the overall LCOE of solar systems, whilst helping to extend the expected lifetime to 30 or more years."

SHANGHAI, May 14, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), one of the largest and most innovative solar module manufacturers in the world, today announced the commencement of a follow-on offering of 3,750,000 American depositary shares (the "ADSs"), each representing four ordinary shares of the Company, par value US$0.00002 per share (plus up to an additional 562,500 ADSs pursuant to an over-allotment option) (the "ADS Offering"). The Company also announced the commencement of a concurrent private placement (the "Note Private Placement") of up to US$85 million in aggregate principal amount of convertible senior notes due 2024 (the "Notes"). The ADS Offering is not contingent upon the closing of the Note Private Placement, and the Note Private Placement is not contingent upon the closing of ADS Offering. The ADS Offering and Note Private Placement are subject to market conditions and other factors.

Credit Suisse Securities (USA) LLC and Barclays Capital Inc. are acting as joint bookrunners for the ADS Offering. Roth Capital Partners, LLC is acting as co-manager for the ADS Offering.

SHANGHAI, May 7, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a reputable and innovative solar module manufacturer in the world, today announced JinkoSolar has supplied 250,000 Pieces of 345Watt - 1500V monocrystalline standard modules for one of the largest solar power plant in Colombia to date which was recently inaugurated and is located in Cesar Department.  

"We are proud to have been chosen for this iconic project in Colombia which demonstrates the recognition, value, and quality our products have in the market," commented Mr. Alberto Cuter, General Manager LATAM of JinkoSolar. "This project strengthens our presence in Colombia and across Latin America. Colombia mainly depends on hydro power which can be an issue during the dry season. Solar power is the ideal solution to diversifying the country's energy mix. We expect the Colombian PV market to continue growing rapidly and will working closely with our local and international partners there to maximize their returns on investment leveraging the superior performance of JinkoSolar's products."

SHANGHAI, April 30, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a reputable and one of the largest solar module manufacturer in the world, today announced it is expanding its high efficiency mono wafer production capacity with the construction of a new greenfield 5 GW mono wafer production facility in Leshan, Sichuan Province, China. The Company's mono wafer capacity was 5.7 GW as of December 31, 2018, which increased to 6.5 GW as of March 31, 2019 through improvements in both production output and efficiency. The new facility is expected to increase the Company's mono wafer capacity from 6.5 GW to 11.5 GW upon completion.

The Company has signed an investment agreement and completed feasibility reports and project design planning for the Sichuan production facility. The new facility is currently under construction and is expected to begin production in third quarter of 2019 and reach full capacity in the fourth quarter of 2019.

Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "Global demand for high-efficiency mono products is increasing significantly with technology facilitating the shift from multi-based products to mono ones. We believe the new mono wafer production facility will enable us to greatly benefit from this growing demand. Our new production facility will serve as a leading benchmark for the industry to emulate with its industry-leading cost structure and cutting-edge technologies. We expect the added mono wafer capacity from this new facility to significantly increase the proportion of self-produced high efficient products and improve overall profitability."

Fourth Quarter 2018 Financial Results

• Total revenues were RMB7.72 billion (US$1.12 billion), an increase of 15.3% from the third quarter of 2018 and an increase of 21.5% from the fourth quarter of 2017.
• Non-GAAP basic and diluted earnings per ADS were both RMB2.84 (US$0.40) in the fourth quarter of 2018, compared with RMB5.28 and RMB5.28 in the third quarter of 2018 and RMB1.28 and RMB1.24 in the fourth quarter of 2017, respectively.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We closed out the year strongly with module shipments hitting another record high of 3,618 MW during the quarter, an increase of 22.5% sequentially and an increase of 45.8% year-over-year. We shipped a total of 11.4 GW of solar modules in 2018, an increase of 16.0% from 2017. Total revenues during the quarter were US$1.12 billion, an increase of 15.3% sequentially and an increase of 21.5% year-over-year. Total revenues for the full year 2018 were US$3.64 billion, a decrease of 5.4% from 2017, primarily due to lower ASPs. Gross margin was 14.0% for the full year 2018, compared with 11.3% for 2017. Excluding the impact of countervailing duties, gross margin expanded during the quarter to 13.8% from 12.8% last quarter. While the Chinese market was impacted by the policies released on May 31st, we were able to continue growing through our diversified global distribution network and further consolidate our leading position in terms of market share. With global demand recovering strongly, we remain confident in the future prospects of our business and expect module shipments to grow by approximately 30% in 2019."

"China's National Energy Administration recently laid out plans for a bidding system and is expected to again begin granting subsidy approvals for utility-scale projects. Most importantly, subsidies will be prepaid by the state grid, which means there will be no more delays in payment for new projects. The new policies set a clear direction for the country's solar plans and will help to greatly improve sentiment for the solar sector as the country tries to smoothly transition towards grid parity and encourage a more market-driven environment. Based on the new policies, we believe domestic installations in 2019 will exceed last year. Distributed generation projects and projects completed at grid parity will continue to make up a larger portion of overall installations."

"US demand continues to strengthen thanks to the introduction of the solar Investment Tax Credit (ITC) which is expected to generate robust growth during the second half of 2019. Our U.S. manufacturing facility began pilot production in November 2018 and has been steadily ramping up, with full production capacity expected to begin during the second quarter of 2019. With such enormous growth potential, we will continue to expand our presence in the US by leveraging our strong brand recognition, high quality products, and best-in-class customer service. Following the cancellation of the minimum import price policy, demand from solar power purchase agreements and grid-parity projects in the European markets is surging, especially in some of the biggest markets such as Spain, the Netherlands and Germany. Emerging markets are also booming with Jordan, Kuwait, South Africa, and Oman growing rapidly. We are also benefiting from our early entry into Southeast Asian markets such as Malaysia, Thailand and the Philippines where demand remained robust throughout 2018."

"We continue to make progress implementing large-scale crystallization furnaces to increase productivity while working to develop technologies to reduce both oxygen content and light induced degradation. We are also leading the industry in terms of efficiency improvements on our diamond wire cutting, which is continuously reducing our wire consumption. Our large-area N-type monocrystalline silicon solar cell reached record high efficiency of 24.2% in January 2019. We are rapidly increasing our capacity to produce high-efficiency products by increasing both mono wafer capacity and PERC cell capacity and converting our existing non-PERC capacity to PERC capacity to increase output. With our production gradually ramping up into the middle of 2019, our expanded capacity will improve the competitiveness of our products and strengthen our cost advantages. This and other constant technological developments not only enable us to provide our clients with competitive high-efficiency products, but also allow us to sustainably cut costs. We are confident in our ability to further optimize our cost structure going forward and are fully prepared to enter an era of grid parity in the near future."

"Looking out to 2019, we believe Chinese and global demand will grow as solar energy becomes more and more competitive. We are excited about the opportunities that lie ahead, and are confident in our ability to further expand our market share, distinguish ourselves from our competitors, and continue leading the industry forward."

Operations and Business Outlook

First Quarter and Full Year 2019 Guidance

For the first quarter of 2019, the Company estimates total solar module shipments to be in the range of 2.8 GW to 3.0 GW.

For the full year 2019, the Company estimates total solar module shipments to be in the range of 14.0 GW to 15.0 GW.

SHANGHAI, March 6, 2019 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a reputable solar module manufacture in the world, today announced that according to media reports, Hanwha Q Cells this week filed actions against JinkoSolar in the US ITC, US District Court of Delaware, and Germany's regional Düsseldorf court. The actions follow the rapid growth of solar energy in the US and German markets where JinkoSolar has been successful.

Based on JinkoSolar's preliminary analysis of Hanwha's complaints and the asserted patents, the Company believes that the complaints are without technical or legal merit. JinkoSolar, therefore, categorically refutes Hanwha's allegations.

JinkoSolar is working closely with its legal counsel and technical advisors to vigorously defend against the claims made by Hanwha. The company is considering all legal avenues available, including petitioning for the invalidity of Hanwha's alleged patents. JinkoSolar looks forward to prevailing in court. JinkoSolar fully respects intellectual property rights and encourages healthy competition, but it will take legal action to defend itself, its clients, and its partners.

JinkoSolar does not expect any disruption to its normal operations arising from this matter. JinkoSolar has been allocating substantial resources to R&D over many years, and has broken world records for cell efficiency. JinkoSolar will strive to maintain its market leadership in solar module supply to the US and EU markets, providing its customers with high quality products and timely delivery.

SHIHEZI, China, Feb. 21, 2019 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it had signed a one-year 10,350 MT polysilicon supply agreement with JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE: JKS), a world-renowned solar module manufacturer.

Under the terms of the supply agreement, Daqo New Energy will supply JinkoSolar with 10,350 MT of polysilicon during calendar year 2019, with price to be determined on a monthly basis according to market pricing.

Mr. Shihua Su, Chief Marketing Officer of Daqo New Energy, commented, "We're pleased to have signed this agreement with JinkoSolar which will further strengthen our relationship. JinkoSolar has been one of our strategic customers for many years. We will continue to support them by supplying our high quality polysilicon products and work together with them to meet the growing demand of the global solar PV markets."

SHANGHAI, Jan. 29, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), a reputable solar module manufacturer in the world, today announced that its products underwent LeTID (Light elevated Temperature Induced Degradation) testing by Wind Power Systems Quality Test Center, IEE, and CAS. JinkoSolar P type mono-PERC solar cells and N type monocrystalline solar cells were tested at random on the production lines. Both products performed well by demonstrating solid anti-LeTID properties.

JinkoSolar leverages its cutting-edge LIR technology, vertical integration and has continually tried to further reduce the oxygen and metal contents in its silicon wafers. As a result, JinkoSolar P type mono-PERC solar cells efficiency only degraded around 1%, and the N type monocrystalline solar cells efficiency only degraded 0.2% during the test; more than 50% below the average of the disclosed data in the industry[1]. The solar cells were tested under conditions of 75°C, 1000W/m2 and 500h testing time. The method for testing anti-LeTID will be incorporated into the forthcoming IEC 63202-1 standard (The "Standard"). Dr. Jin Hao, JinkoSolar Vice President, is the Standard's Chief Editor and Chair of the IEC/TC82 Standards Workgroup. This Standard has also been verified by VDE and Intertek, two authoritative certification authorities.

Dr. Jin Hao, Vice President of JinkoSolar commented: "The LeTID of modules is a result of the degradation of solar cells, including both LID and LeTID of cells. The testing method employed was conducted outdoors and is referenced in the Standard. The strong testing results of JinkoSolar's monocrystalline products were a result of the Company's sustained and large investment in R&D. JinkoSolar's technical capabilities continued to increase the reliability of its products and the return on investment for its clients."

SAN FRANCISCO, Jan. 28, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JinkoSolar" or the "Company") (NYSE: JKS), a reputable solar module manufacturer, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., renewed its partnership with GRID Alternatives, a national leader in making solar technology and job training accessible to low-income communities. JinkoSolar has donated 600kW of high-efficiency solar modules to support GRID Alternatives' work developing and implementing solar projects and offering hands-on job training in underserved communities.

The partnership will help GRID Alternatives to meet its goal of installing more than 10 megawatts of solar power in 2019, helping families and affordable housing providers save millions of dollars in energy costs over the lifetimes of their solar systems. With JinkoSolar's support, GRID Alternatives will also be providing hands-on solar installation training to over 4,000 individuals.

Building on a deep partnership with GRID Alternatives that has been built over the past five years, this renewal reaffirms JinkoSolar's commitment to making solar power accessible to everyone.

"We always felt it important that the benefits of solar be widely available to all communities across the US and around the globe," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc.  "We believe in the GRID Alternatives model and are proud to continue to support their expansive beneficial programs."

"Our work brings together the solar industry, governments, utilities, job training organizations, affordable housing providers and local communities to ensure solar power benefits everyone and we're thankful for JinkoSolar's support," said Erica Mackie, GRID Alternatives CEO and co-founder. "Large-scale equipment partnerships like JinkoSolar's make it possible to make the financial, career-building, and environmental benefits of solar power accessible to all communities."

SHANGHAI, Jan. 25, 2019  /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JinkoSolar" or the "Company") (NYSE: JKS), a reputable solar module manufacturer, today announced a record high efficiency of 24.2% was achieve by its large-area N-type TOPCon monocrystalline silicon solar cell. Testing was conducted by the Photovoltaic and Wind Power Systems Quality Test Center at the Chinese Academy of Sciences (CAS).

The large-area N-Type cell features JinkoSolar's HOT cell design, which is based on tunnel oxide passivating contact technology. JinkoSolar's high quality N-type wafer, selective doping technology, and advanced fine-line printing technology allow the Company to achieve 24.2% cell efficiency across its entire product chain. The world PV module power record of 387.6W for N-type half-cell module (60P) was fabricated using JinkoSolar's HOT cell design.

N-type HOT technology is a key R&D milestone for JinkoSolar and is opening up a new path towards developing high efficiency industrial products. N-type HOT technology also demonstrates the competitiveness of JinkoSolar products when compared to current HIT and IBC technologies. JinkoSoalr is establishing a strategic global research collaboration network that is able to rapidly innovating new technologies. JinkoSolar is jointly working with several globally-respected institutions on their advanced technologies including the Solar Energy Research Institute of Singapore's mono-poly technology, University of New South Wales' advanced hydrogenation technology and The Australian National University's passivating contact technology. By consistently upgrading its technology, JinkoSolar will provide higher efficiency and better quality products to its customers.

MUNICH, Germany, Dec. 13, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) (the "Company," or "JinkoSolar"), a reputable solar module manufacture in the world, today announced that it supplied juwi Hellas SA, with 9 MW of PV solar modules for juwi's first 1500V DC system in Greece.

juwi Hellas SA, has signed a contract with ATEN Energy SA, which belongs to the group of companies of Hellenic Petroleum SA. ATEN project is juwi's first 1500V DC system in Greece and it is also certified according to IEC 62446-1:2016. The ATEN project, one of the largest PV plants in Greece, was built in just three months by juwi Hellas SA and is already in operation. JinkoSolar delivered the 9 MW of PV solar modules for the project.

Frank Niendorf, General Manager JinkoSolar Europe, commented, "juwi is one of our most important European EPC clients and we are very happy to expand our partnership with juwi this time into the Greek market, which finally shows some interesting growth potential again. ATEN project marks not only a milestone for JinkoSolar, but it is also a confirmation of the excellent collaboration between JinkoSolar and juwi and JinkoSolar's quality perception in the Greek market.''

SHANGHAI, Dec. 6, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), (NYSE code: JKS), one of the world's largest solar module manufacturers, today announced that it supplied 132 MWdc of PV modules to Swinerton Renewable Energy ("SRE") for the construction of the Techren Solar 1 Project in Boulder City, Nevada.

SRE is providing the engineering, procurement, and construction services to Clēnera, LLC, who selected over 350,000 of JinkoSolar's high-efficiency 1500-volt mono PERC modules to power Techren Solar 1.  The project will provide power to the Nevada Power Corporation under a 25-year power purchase agreement. Techren Solar 1 is located in the Eldorado Valley Energy Zone, 25 miles southeast of Las Vegas.

"We are pleased to be working with both Swinerton and Clēnera on another sizeable project," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "It has always been our mission to be recognized as the most reliable module supplier in the US, and it is due to our commitment to delivering reliable products and exceptional customer service that industry leaders like Swinerton and Clēnera continue to be long-term partners."

"Reliability has always been a key factor when selecting EPC's and suppliers," said Michael Gallego, VP of Operations at Clēnera. "It is particularly important with larger projects like Techren 1 that we select partners who are dependable and consistent in their work; Swinerton and JinkoSolar encompass both of these traits."

SHANGHAI, Nov. 8, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or "Company"), (NYSE code：JKS) one of the world's largest solar module manufacturers, today announced it received the "2018 Best Corporate Governance" award by The Asset Magazine, an integrated multi-media company serving the elite community of leading corporate and financial decision makers in Asia, in recognition for its outstanding management, corporate governance and business practice standards.

As an outstanding solar PV company, JinkoSolar is committed to upholding high standards of compliance, objectivity, integrity, and fairness as well as the principles of open and transparent information disclosures. JinkoSolar believes these standards will enhance communication and understanding between the Company, its board members, investors and other stakeholders.

"We are honored to receive this prestigious award, which recognizes the Company's efforts to strengthen corporate governance and management as well as increase transparency. Looking forward, the Company will continue to maintain high standards of corporate governance to create long-term value for its shareholders, customers, employees and society," commented Mr. Xiande Li, Chairman of JinkoSolar.

SHANGHAI, Oct. 31, 2018 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or "Company"), (NYSE code: JKS) one of the world's largest solar module manufacturers, announced today that it has entered into the Contract for the Supply of PV Modules with Decmil Australia Pty Ltd on September 27, 2018, for supply 255MWp of its high efficient solar panels for the Sunraysia Solar Farm ("Project") developed by Maoneng Group. The Sunraysia Solar Farm is expected to be the largest solar farm to have commenced construction in Australia this year and will also be one of the largest solar farms in the world upon construction completion. The Project will also include a large scale battery storage array.

The Project is being developed by Maoneng Group ("Maoneng"), an Australian-Chinese developer, owner and operator of renewable power generation assets. Maoneng has a development pipeline of 500MW of solar farms within Australia and sells energy and large-scale generation certificates ("LGCs") to Australian businesses and governments through a combination of medium and long-term contracts. Maoneng commissioned a 13MW solar farm under the ACT Government's Reverse Solar Auction scheme in November 2016. Maoneng reached Financial Close for the 255MWp Sunraysia Solar Farm in October 2018.

The Sunraysia project forms a key step of AGL Energy ("AGL")'s plan to replace the aging and increasingly decrepit Liddell coal-fired generator. This Project is underpinned by two world class Power Purchase Agreements (PPAs) under which UNSW Sydney and AGL purchase energy over 15 years. The Project is expected to generate around 400 construction jobs in Balranald, leading to significant local economic growth and creating opportunities among local community as to participate in the renewable energy sector.

JinkoSolar has been chosen to supply all 255MWp panels, including its latest HC Cheetah series products, for the Project attributable to the high efficiency and reliability of its solar panels, its plentiful experiences in global utility-scale projects, and good records of duly delivery.

"JinkoSolar has demonstrated professionalism as a tier one global manufacturer. We look forward to the cooperation with JinkoSolar not only on this Sunraysia Solar Farm over the next 14 months, but also on future pipeline projects in Australia and the greater South East Asia region," said Morris Zhou, Group Executive Director of Maoneng.

"JinkoSolar's panels deliver cost-competitive power with proven long-term reliability, and we are proud to play a significant role in serving AGL's goals for generating clean and renewable solar power," said Gener Miao, Sales & Marketing VP of JinkoSolar.

SHANGHAI and LOS ANGELES, Sept. 24, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), one of the world's largest solar module manufacturers, and Edisun Microgrids, Inc. (Edisun), a solar technology company that develops patented, distributed solar and energy storage technologies, today announced a partnership to develop the Eagle PowerTrack, a performance bundle for commercial and industrial (C&I) rooftops. The new performance bundle will feature JinkoSolar's high-efficiency Eagle G2 modules in combination with Edisun's PV Booster ("PV Booster") breakthrough rooftop tracking technology. The new performance bundle will be available for sale during the fourth quarter of 2018.

By integrating JinkoSolar's Eagle G2 modules with Edisun's PV Booster rooftop tracker, solar contractors will be able to unlock the enormous market opportunity in commercial and industrial rooftop installations. The performance bundle leverages JinkoSolar's Eagle G2 modules which feature the company's new Diamond cell technology, a brand new high-efficiency mono PERC cell that allows 72-cell Eagle G2 modules to reach up to 400 watts. Edisun's PV Booster rooftop tracker offers contractors a flexible system design, more energy harvested per panel, and real-time data for predictive operations and maintenance. When combined, the Eagle PowerTrack performance bundle yields 30 percent more energy per panel, resulting in notably lower levelized cost of electricity (LCOE) and significantly increases return on investment over traditional C&I systems. In addition, the Eagle PowerTrack's simplicity, high levels of energy generation, and improved economics will enable solar contractors to bid and win more business.

"We are excited to work with Edisun in developing and launching the Eagle PowerTrack performance bundle," said Mr. Nigel Cockroft, general manager, JinkoSolar (U.S.) Inc. "Edisun's PV Booster is a unique product that, combined with our modules, transforms a commercial rooftop segment with much unrealized potential."

"JinkoSolar's scale, financial strength, and high-powered modules are ideal fits for our company and product, and should make the Eagle PowerTrack the preferred solution for C&I rooftops," said Mr. Conrad Chase, vice president, business development, Edisun Microgrids. "Pairing the world's best-selling module with the industry's only rooftop tracker creates a new innovation that is finally addressing the needs of the C&I market."

SHANGHAI, Aug. 24, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it has signed a 240MW solar module supply agreement with POWERCHINA Huadong Engineering Corporation Limited ("POWERCHINA HUADONG") for the second phase of the 420 MW Dau Tieng solar plant in Vietnam, which will become the largest solar power project in Southeast Asia when completed.

The Dau Tieng project is located in Tay Ninh, southwest Vietnam and is being developed by Vietnam's Xuan Cau Co Ltd and Thailand's B.Grimm Power Public Co Ltd. POWERCHINA HUADONG is responsible for EPC. The project is a milestone in the accelerating development of new energy markets in Vietnam and even across Southeast Asia.

"We stood out from our competition during the selection process by POWERCHINA HUADONG as a result of our excellent products, high-quality services and strong brand recognition," commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. "With the reduction of solar costs, the competitiveness of solar energy is increasing, we look forward to working closely again with POWERCHINA to participate in more outstanding solar energy projects globally."

Mr. Leiming Shi, Vice President of POWERCHINA HUADONG, commented, "A number of projects developed by POWERCHINA HUADONG are located in countries that often experience power shortages along the 'Belt and Road' route. These projects have strengthened the partnerships between each country and have helped Chinese companies to go global, allowing them to gain valuable experience in the planning, design, construction and operation of solar plants. Developing a partnership with a global leader like JinkoSolar to push this project forward allows us to use their high quality modules and leverage their mature global sales network. We look forward to deepening our relationship by working on more international power projects in the future and jointly expanding the influence of Chinese companies in the international clean energy market."

Second Quarter 2018 Financial Results

• Total revenues were RMB6.06 billion (US$915.9 million), an increase of 32.7% from the first quarter of 2018 and a decrease of 23.5% from the second quarter of 2017.
• Non-GAAP basic and diluted earnings per ADS were RMB2.728 (US$0.412) and RMB2.708 (US$0.408) in the second quarter of 2018, compared with RMB0.300 and RMB0.296 in the first quarter of 2018 and RMB1.908 and RMB1.892 in the second quarter of 2017.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We delivered a strong quarter with module shipments hitting 2,794 MW while generating total revenue of US$915.9 million. Leveraging our cutting-edge technologies, strong global sales network, and industry leading cost structure, I'm confident in our ability to generate sustainable profits and growth going forward."

"Growth during the quarter was strong and we expect this momentum to continue into the second half of the year despite the impact from the new policies issued by the Chinese government on May 31 as shipments to overseas markets are expected to continue growing and account for an increasing proportion of our shipments. We believe these new policies will have a relatively limited impact on our operations over the short-term and are optimistic about our future prospects. We expect demand from Top Runner Program, poverty alleviation projects, local government subsidies, and self-contained DG projects to continue to drive the growth in the Chinese market, especially in regions with ample sunlight and high commercial power prices."

"We already have good visibility of our order book for the entire year which is predominantly made up of overseas orders to markets which are growing rapidly and will generate significant opportunities ahead. We are taking full advantage of our market leading position and production facility in Florida to expand our presence in the US market. Demand in emerging markets continues to grow, especially in Latin American and the Middle East and North Africa. We are devoting our resources there towards securing large long-term orders through our mature sales network which spans a number of markets there. We believe the Indian solar sector will maintain its long-term growth trajectory despite the short-term impact of recently announced tariffs and will continue to explore opportunities there."

"We continued to develop high-efficiency technologies while optimizing the cost structure of our products. We made significant progress in improving wafer efficiency and reducing both oxygen content and light induced degradation. We are increasing our mono PREC cell capacity which will reach 4.2GW by the end of year. We are also investing in N type technology, especially HOT double sided cell technology. The falling cost of raw materials and our deep experience in rapidly rolling out new technologies will allow us to further optimize our cost structure going forward and help us increase market share by providing clients with high-efficiency products at cost effective prices."

"Despite some industry headwinds, we believe those challenges also create opportunities for us to further strengthen our position as a global leader in the solar PV industry. On one hand they will push the industrial upgrading and accelerate the industry's consolidation by phasing out outdated production capacities and replacing them with high efficiency ones; On the other hand, it will push the rapidly falling cost of solar, making solar more competitive and stimulating the global demand. We are now in a good position and are fully prepared for these new opportunities to continue to expand our market share and further consolidate our leading position in the industry."

Operations and Business Outlook

Third Quarter and Full Year 2018 Guidance

For the third quarter of 2018, the Company estimates total solar module shipments to be in the range of 2.8 GW to 3.0 GW.

For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW to 12 GW.

SHANGHAI, July 2, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic (PV) industry, today announced that JinkoSolar Japan K.K. ("JinkoSolar Japan"), a subsidiary of the Company, has signed a JPY5.3 billion syndicated loan agreement up to two years with a bank consortium led by Sumitomo Mitsui Banking Corporation ("SMBC"). The financing will be used to expand business in Japan and to supplement JinkoSolar Japan's working capital.

"I am glad to have the opportunity to work with SMBC again in increasing our credit line," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "I believe this loan agreement demonstrates the trust and recognition that first-tier Japanese commercial banks have in our brand and operations in Japan. We look forward to further deepening our relationship with SMBC and other local banks to further expand our business there."

First Quarter 2018 Financial Results

• Total revenues were RMB4.57 billion (US$728.1 million), a decrease of 28.1% from the fourth quarter of 2017 and a decrease of 20.9% from the first quarter of 2017.
• Non-GAAP basic and diluted earnings per ADS were RMB0.300 (US$0.048) and RMB0.296 (US$0.048) in the first quarter of 2018, compared with RMB1.272 and RMB1.232 in the fourth quarter of 2017 and RMB2.536 and RMB2.508 in the first quarter of 2017.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We shipped 2,015MW of solar modules during the quarter and generated total revenues of $728.1 million. Our gross margin increased to 14.4%, compared with 11.6% last quarter as we benefit from the drop in polysilicon prices and the further optimization of our manufacturing costs as a result of continued technological improvement and reduced OEM usage."

"The new policies regulating the solar industry jointly issued by three Chinese ministries on May 31, affected market sentiment and our ASPs. These new policies are aimed at increasing the pace of achieving grid parity, accelerating the removal of outdated capacity and releasing the pressure of new energy fund deficits. As a result, we expect to see a decline in prices across our industrial supply chain which will allow us to further cut both silicon and non-silicon costs during the second half of the year to offset the decline in the ASPs. Despite the strong initial reaction to the new policies, we remain optimistic about the demand of the Chinese market for the full year 2018, which is expected to hit 35G+. Looking into 2019, aside from the Top Runner Program, poverty alleviation and DG projects, we expect to see a large number of grid parity projects under new business models appear in the second of half of 2019."

"We already have great visibility for the full year 2018 with over 80% of our order book already filled, which is mostly made up of overseas orders with fixed prices throughout the year, and we have already received a number of prepayments. Our production capacity is fully utilized now and is expected to remain so during the second half of the year. We believe the Chinese government's new policies to have relatively limited impact on our operations over the short term, and we remain confident in our future business prospects and the long-term growth of the industry overall."

"Overseas orders will account for about 80% of our overall shipments for the entire year demonstrating our expanding global footprint and the success we have seen in reducing our reliance on any single market. Solar is becoming more and more competitive worldwide. We saw resurgent demand in Southern European markets such as Spain, Portugal and Italy, driven by grid-parity business model, as well as booming demand in new emerging markets such as Latin American, the Middle East and North Africa. We expect to see demand in India rebound strongly as module price goes down."

"While the policy changes in China have created a challenging domestic market environment, our extensive global sales network and geographically dispersed manufacturing facilities allow us remain flexible and be prepared to rapidly adapt to any future policy changes. We are fully prepared for the market consolidation and the new era of grid parity. We will continue to take advantages of our brand, technology, and global infrastructure to expand our market share and further consolidate our leading position in the industry.

Operations and Business Outlook

Second Quarter and Full Year 2018 Guidance

For the second quarter of 2018, the Company estimates total solar module shipments to be in the range of 2.4 GW to 2.5 GW.

For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW to 12 GW.

SHANGHAI, June 20, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it has supplied 275.4 MWdc of high efficiency modules to Green Light Contractors Pty Ltd for use in the Bungala Solar Farm near Port Augusta, South Australia, which is owned by a joint venture between Enel Green Power and Dutch Infrastructure Fund.

Green Light Contractors, a subsidiary of Elecnor Group is EPC contractor for the the Bungala project, which recently completed and started production at its first 137.7 MWdc phase. The Bungala project is the largest solar PV project under construction in Australia.

"Bungala Solar Farm is nowadays a reference in the Australian solar scene. Green Light Contractors is really proud of being entrusted with the engineering, procurement and construction of this important milestone for the renewable energies in South Australia" said Pedro Fernandez, Green Light Contractors Projects Responsible for Australia. "Working closely with JinkoSolar in the supply of PV modules is for sure one of the keys of the good results that this Project may achieve."

"We are pleased to work with Green Light Contractors on this remarkable project in South Australia," commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. "The Australian market is growing rapidly. We are working closely with local developers to build sustainable partnerships where they will be able to maximize their return on their investment from the superior performance of JinkoSolar's products."

SHANGHAI, June 5, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) ("JinkoSolar" or the "Company"), a global leader in the solar industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc. has entered into a three-year agreement to supply 1.43GW of high efficiency modules to sPower, a leading renewable energy independent power producer.

This major supply agreement continues the strong strategic relationship between JinkoSolar and sPower. To-date, JinkoSolar has supplied over 800MW- approximately 2.5 million solar panels - for sPower's PV projects. The agreement includes significant down payments, which will help Jinko expand manufacturing capacity in the United States and Asia.

"We have had a strong track record of success with JinkoSolar's high quality and reliable modules, which is why we have signed another deal," said Ryan Creamer, CEO of sPower. "JinkoSolar's technology roadmap and cost leadership are also strong enablers for our future projects, and we look forward to maintaining our strong partnership."

"We are very pleased to work with sPower," said Gener Miao, JinkoSolar Vice President of Sales & Marketing. "We value the opportunity to grow our business with a visionary like sPower. JinkoSolar has been investing heavily in advanced solar technologies, and these efforts have yielded major benefits."

SHANGHAI, May 30, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, announced that its entire portfolio of PV modules has passed the Potential Induced Degradation ("PID") resistance test under the conditions of 85 Degrees Celsius/85% relative humidity ("double 85") as required by TÜV Nord's IEC TS 62804-1 standards.

As a global leader in the solar PV industry, JinkoSolar recognizes the harm brought about by PID and has devoted resources over the course of its history towards increasing the PID resistance of its entire portfolio of modules. In August 2012, JinkoSolar became the first PV company to pass the anti-PID test under double 85 conditions. In January 2013, JinkoSolar unveiled the world's first double 85 certified PID-free solar module. In November 2016, JinkoSolar became the first PV module manufacturer to guarantee anti-PID under double 85 conditions. In July 2017, JinkoSolar became the first PV module provider to guarantee that all its standard mass produced PV modules meet IEC62804 double anti-PID standards.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer, commented, "Through our relentless efforts over the years, we are pleased to announce that all our regular mono and polycrystalline PV modules meet TÜV Nord's IEC TS 62804-1 double 85 anti-PID standards. I believe this demonstrates our leadership position when it comes to developing and promoting global PV standards. We have made great progress in improving our system voltage and in developing anti-PID technology in order to guarantee that our products operate reliably under the toughest conditions and ensure the investment return for our customers and the constant and stable output of our PV systems."

SHANGHAI, May 18, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) (the "Company," or "JinkoSolar"), a global leader in the solar photovoltaic industry, today announced that the 60P version of its P-type PV module peak power broke the world record again with power exceeding 370w and the N-type PV module peak power reaching 378.6w. Both records were certified by the TUV Rheinland (Shanghai) Co., Ltd.

P-type mono modules contain JinkoSolar's world record high efficiency cells. These cells combined with low electricity loss technology, which reduces the module internal resistance and improves its fill factor, allowing peak power to exceed 370W. N-type dual glass modules, leverage passivating contact technology achieve high efficiency with front-side peak power reaching 378.6W. With its excellent bifacial factor, this N-type module can improve outdoor power output per unit dramatically.

Dr. Jin Hao, Vice President of JinkoSolar commented, "Every technological breakthrough results from a strong pioneering spirit and constant search for excellence. Companies with strong independent innovation capabilities are able to grasp opportunities in fiercely competitive markets and establish leadership. JinkoSolar always applies advanced technologies to large-scale applications rapidly to accelerate the popularization of PV applications."

SHANGHAI, May 9, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) (the "Company," or "JinkoSolar"), a global leader in the solar photovoltaic industry, today announced that its P-type monocrystalline cell broke the world record again with efficiency hitting 23.95% during certification testing done by the Photovoltaic and Wind Power Systems Quality Test Center at the Chinese Academy of Sciences (CAS).

P-type mono wafer technology is a contributor, with the highly doped and low defect wafers providing excellent bulk quality. The continued gain in efficiency is a result of the further optimization of selective emitter (SE) formation, silicon oxide passivation and the rear side passivation. JinkoSolar's unique light-capturing technology uses black silicon and the multi-layer ARC technology reduces the front side reflectivity of cells to be lower than 0.5%, which ensures the growth of the short-circuit current. Meanwhile, an advanced grid design and a new type of screen-printing paste are used to reduce the series resistance and the metal / silicon interface compound probability as a result of promotion of solar cell fill factor.

Mr. Kangping Chen, CEO of JinkoSolar, commented, "This recent technical breakthrough is a combination of several our latest technologies. In particular, the introduction of novel passivation and selective contact technology have successfully broken the technical bottleneck created by traditional PERC technology and represents a significant step forward for our P type solar cells with their previous efficiency record of 23.45% in 2017. We will continue to allocate resources towards innovating new and high efficiency solar technologies and their application to the market as we continue to provide the most reliable and highest efficiency products."

SHANGHAI, April 5, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, today announced that it has supplied solar modules for America's largest solar PV plant in Mexico. According to terms of the contract, JinkoSolar has supplied high efficient solar modules to a European counterparty for its 754 MW solar PV plant in Mexico, which is expected to begin operations during the second half of 2018 and generate over 1,700 GWh each year.

"We are very pleased to join this significant project," said Gener Miao, JinkoSolar Vice President of Sales & Marketing. "By providing high-quality products, not only do we contribute to the development of Mexico's clean energy, it also further strengthens our presence in the American market."

JUNO BEACH, Fla. and SHANGHAI, March 30, 2018 /PRNewswire/ -- Two global solar energy leaders, U.S.-based NextEra Energy, Inc. (NEE) and China-based JinkoSolar Holding Co., Ltd. (JKS), today announced one of the largest solar panel supply deals in history.

NextEra Energy announced that it is the counterparty to a major supply agreement that was announced by JinkoSolar in January. The companies amended the agreement this month, and JinkoSolar will supply NextEra Energy with up to 2,750 megawatts of high-efficiency solar modules -- roughly 7 million solar panels -- over approximately four years.

In conjunction with this agreement, JinkoSolar is opening its first U.S. factory in Jacksonville, Florida, which is expected to create more than 200 direct jobs in Florida and support hundreds of additional local jobs in shipping and other related industries.

"As NextEra Energy continues to invest heavily in new solar projects across the country, we're thrilled to have the opportunity to buy cost-effective, reliable solar panels made here in America. JinkoSolar shares our commitment to delivering affordable clean energy solutions, and we are pleased to welcome them to our home state of Florida," said Jim Robo, NextEra Energy's chairman and CEO.

"It's exciting to know that solar panels built in Florida will be helping power FPL customers in the not-too-distant future," said Eric Silagy, president and CEO of Florida Power & Light Company, which currently operates more than 930 megawatts of solar capacity in Florida, including 14 solar power plants. Over the next decade, FPL plans to more than quadruple its current solar capacity to more than 4,000 megawatts. "We are honored to have played a role in making this possible, but it wouldn't have happened without the dedication and dogged efforts of Governor Scott, Enterprise Florida, Mayor Curry, JAXUSA Partnership, the Jacksonville City Council, JEA and the business community. By working together with open minds and a shared commitment, they made Florida shine in the face of fierce competition from other states."

Once fully operational, JinkoSolar's state-of-the-art factory in Jacksonville is expected to have the capacity to build 400 megawatts of solar modules annually -- more than 1 million solar panels a year. Production is expected to begin later this year. JinkoSolar anticipates using the Port of Jacksonville for a large volume of importing and exporting activities.

"Florida's economy is on a roll. Since 2011, nearly 1.5 million private-sector jobs have been created in our state, and more and more companies like JinkoSolar are choosing to grow in Florida. Today's announcement means that 200 additional families in Jacksonville will be able to find a great job. We will continue working nonstop to make Florida the number one destination of job creators by eliminating burdensome regulations and keeping taxes low for businesses and families," said Florida Governor Rick Scott.

"This is a major win for Jacksonville and the community," said Jacksonville Mayor Lenny Curry. "JinkoSolar's presence enhances our reputation as a manufacturing city, and I am eager to see the company contribute to the vibrant economy in Jacksonville."

"We are thrilled to welcome JinkoSolar to Northeast Florida," said Chris Corr, senior vice president of real estate for Rayonier Inc., a major timberland real estate investment trust that employs hundreds of people in Northeast Florida. "This announcement highlights the high-quality economic development taking place throughout the region, and we applaud Florida Power & Light for helping make this happen and its commitment to keeping energy costs low for its customers."

With advantages that include a low-cost, pro-business environment, a strong record of economic development and job growth and one of the largest solar expansions in the country, Florida edged out several other states that competed for the multimillion-dollar investment.

"Investing in this solar panel manufacturing facility makes clear our commitment to Florida and the growing U.S. market," said Kangping Chen, CEO of JinkoSolar. "This will be one of the world's most advanced solar panel manufacturing facilities, which will provide us with the flexibility and manufacturing capacity to support our local partners and growing U.S. customer base."

Fourth Quarter 2017 Financial Results

• Total revenues were RMB6.35 billion (US$976.4 million), a decrease of 1.0% from the third quarter of 2017 and an increase of 24.0% from the fourth quarter of 2016.
• Non-GAAP basic and diluted earnings per ADS from continuing operations were RMB1.28 (US$0.20) and RMB1.24 (US$0.20), respectively, in the fourth quarter of 2017.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "we shipped 2,481MW of solar modules during the quarter while generating total revenues of $976.4 million. For the full year 2017, we further strengthened our leading global position in terms of global market share by shipping 9,807MW of solar modules, a 47.3% increase from 2016. Our gross margin was 11.3% for the year, compared to 18.1% in 2016, partially as a result of increased collaboration with OEM partners to meet surging market demand, especially in the first half of 2017, and higher raw material costs. We believe our gross margin and bottom line have ample room for improvement in 2018 as a result of the decrease in raw material costs, our reduced use of OEM, and enhanced cost structure supported by technology and supply chain management initiatives. We are confident in our ability to further expand our global market share in 2018."

"While many of the details from the Section 201 petition have yet to be ironed out, we have finalized plans to invest in the construction of an advanced solar module manufacturing facility in the southeastern United States to address local market demand. We will continue to invest in advanced manufacturing capacity overseas based on our global order book and market development. Emerging markets are gradually becoming our biggest growth driver, with demand from Latin America and Australia generating substantial growth momentum and the Middle East and African markets expected to rise in the coming year. We will continue to allocate more resources towards these high-growth markets in order to further solidify the long-term sustainable development of JinkoSolar."

"During the quarter, we continued to optimize our mono wafer production costs and have made substantial progress in crystalizing, cutting and argon recycling during the mono wafer production process. We broke our own world record during the quarter when solar cell efficiency for our P-type mono-crystalline PERC cell hit 23.45%. We also made solid progress in developing N type Hydride Oxide Thin Film (HOT) technology, with an industry-leading 21.9% in average cell efficiency during mass production. With demand increasing, we also plan to expand our production capacity of bifacial cell plus bifacial duo glass modules."

"We expect global demand to continue growing in 2018. This growth will mostly be driven by the emerging markets. With the cost of solar energy continuing to decrease and support for clean energy globally increasing, solar energy is becoming more and more competitive and are being applied more widely. We are very confident in the industry's long-term sustainability and prospects."

Operations and Business Outlook

First Quarter and Full Year 2018 Guidance

For the first quarter of 2018, the Company estimates total solar module shipments to be in the range of 1.8 GW to 2 GW.

For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW and 12 GW.

SHANGHAI, Feb. 20, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that the underwriters of its previously announced follow-on offering of 3,600,000 American depositary shares (the "ADSs"), each representing four ordinary shares of the Company, par value US$0.00002 per share (the "ADS Offering"), have fully exercised their over-allotment option to purchase an additional 540,000 ADSs at US$18.15 per ADS. After giving effect to the full exercise of the over-allotment option, the total number of ADSs sold in the ADS Offering increased to 4,140,000 ADSs and the net proceeds to the Company, after deducting underwriting commissions and fees and estimated offering expenses, increased to approximately US$71.1 million. The exercise of the over-allotment option is expected to close on February 21, 2018, subject to customary closing conditions.

Credit Suisse Securities (USA) LLC and Barclays Capital Inc. are acting as the joint bookrunners for the ADS Offering.

JinkoSolar intends to use the net proceeds from the ADS Offering for general corporate purposes, including capital expenditures for the capacity expansion and upgrade including the construction and operation of our manufacturing facility in the United States, and working capital.

SHANGHAI, Feb. 12, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it closed the follow-on offering of 3,600,000 American depositary shares (the "ADSs"), each representing four ordinary shares of the Company, par value US$0.00002 per share  (the "ADS Offering"), at US$18.15 per ADS.

Credit Suisse Securities (USA) LLC and Barclays Capital Inc. are acting as the joint bookrunners for the ADS Offering. The Company has granted Credit Suisse Securities (USA) LLC and Barclays Capital Inc. a 30-day option to purchase up to 540,000 additional ADSs to cover over-allotments.

Concurrently with the completion of the ADS Offering, the Company closed the separate private placement with Tanka International Limited, an exempted company incorporated in the Cayman Islands held by Mr. Xiande Li, chairman of the Company, and Mr. Kangping Chen, chief executive officer of the Company, of its purchase of US$35 million of ordinary shares of the Company at a price per share equal to the price of the ADS Offering adjusted to reflect the ADS-to-ordinary share ratio (the "Concurrent Private Placement"). The sale of these shares will not be registered under the Securities Act of 1933, as amended. Credit Suisse Securities (USA) LLC and Barclays Capital Inc. are acting as the joint placement agents for the Concurrent Private Placement.

JinkoSolar intends to use the net proceeds from the ADS Offering and the Concurrent Private Placement for general corporate purposes, including capital expenditures for the capacity expansion and upgrade including the construction and operation of our manufacturing facility in the United States, and working capital.

SHANGHAI, Feb. 7, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it priced the follow-on offering of 3,600,000 American depositary shares (the "ADSs"), each representing four ordinary shares of the Company, par value US$0.00002 per share (the "ADS Offering"), at US$18.15 per ADS. The ADS Offering, which is subject to customary closing conditions, is expected to close on February 9, 2018.

Credit Suisse Securities (USA) LLC and Barclays Capital Inc. are acting as the joint bookrunners for the ADS Offering. The Company has granted Credit Suisse Securities (USA) LLC and Barclays Capital Inc. a 30-day option to purchase up to 540,000 additional ADSs to cover over-allotments.

Concurrently with, and subject to, the completion of the ADS Offering, Tanka International Limited, an exempted company incorporated in the Cayman Islands held by Mr. Xiande Li, chairman of the Company, and Mr. Kangping Chen, chief executive officer of the Company, has agreed to purchase US$35 million of ordinary shares of the Company in a separate private placement at a price per share equal to the price of the ADS Offering adjusted to reflect the ADS-to-ordinary share ratio (the "Concurrent Private Placement"). The sale of these shares will not be registered under the Securities Act of 1933, as amended. Credit Suisse Securities (USA) LLC and Barclays Capital Inc. are acting as the joint placement agents for the Concurrent Private Placement.

JinkoSolar intends to use the net proceeds from the ADS Offering and the Concurrent Private Placement for general corporate purposes, including capital expenditures for the capacity expansion and upgrade including the construction and operation of our manufacturing facility in the United States, and working capital.

SHANGHAI, Feb. 2, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, today announced that its world record breaking 1177 MW Sweihan project, co-developed by JinkoSolar, Marubeni, and the Abu Dhabi Electricity and Water Authority ("ADEWA"), was named as the Large Scale Solar Project of the Year by the Middle East Solar Industry Association (MESIA).

The award is one of the Middle East's most recognized honors and further demonstrates the significance of the Sweihan project. The winning project was selected by a panel of nine judges from across the industry who assessed the impact and innovativeness of large scale solar projects in the Middle East. Once complete, the 1177 MW Sweihan project will be the world's largest PV power plant.

The Sweihan project's large scale and competitive electricity generation cost was benefit from the utilization of JinkoSolar high efficiency solar modules. Given the limited physical space allotted to the project, the use of JinkoSolar high efficiency modules not only allowed for the maximization of electricity output, but also allowed for decreased balance of system costs.

Mr. Xiande Li, Chairman of JinkoSolar, commented, "The Sweihan project marks not only a milestone for JinkoSolar, Marubeni, and ADEWA, but is also a giant leap for the global solar power industry as a whole. MESIA's recognition of this project further underlines the ground-breaking nature of the Sweihan project. Fueled by the success of this project, we will continue to produce cutting-edge high efficiency modules to fulfill our vision of optimizing the world's energy infrastructure with clean solar power."

Third Quarter 2017 Financial Results

• Total revenues were RMB6.42 billion (US$964.8 million), a decrease of 19.0% from the second quarter of 2017 and an increase of 20.4% from the third quarter of 2016.
• Non-GAAP basic and diluted earnings per ordinary share from continuing operations were RMB0.20 (US$0.03) and RMB0.19 (US$0.03), respectively, during the third quarter of 2017. This translates into non-GAAP basic and diluted earnings per ADS from continuing operations of RMB0.80 (US$0.12) and RMB0.76 (US$0.12), respectively.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "Module shipments during the quarter exceeded the high end of our guidance, reaching to 2,374MW. Total revenues hit $964.8 million, a decrease of 19% sequentially and 20.4% from the same period last year. Our gross margin rebounded to 12.0% from 10.5% last quarter as a direct result of our effective cost cutting measures and reduction in the usage of OEM manufacturers."

"Demand in China remained strong during the quarter as the distributed generation ("DG") market there grows rapidly. We have fully evaluated the various remedy recommendations from the US International Trade Commission and are awaiting its final decision on the Section 201 petition. Regardless of what the final outcome is, we strongly believe in the US solar market's long-term growth trajectory and will adjust our strategy there accordingly. Demand in Europe has shown signs of an improvement as the effects of electricity parity sink in for more countries. The Indian market is growing rapidly and is expected to become the world's third largest. The sustainable, long-term development of emerging markets such as Australia, Jordan, Egypt, Mexico and Brazil has greatly improved as solar system costs rapidly drop and regulators gain more experience in promoting green energy and organizing electricity auctions. We will continue to strengthen our leading position in various emerging markets by expanding our service teams there and enhancing our brand image."

"The optimization of our mono wafer costs and diamond wire cutting application to our multi wafer production lines remain on track and are expected to be completed next quarter. Our tech team continues to make solid progress in developing half-cell and bifacial n-type cells technologies. We also made progress in developing new technologies such as Hydride Oxide Thin Film. Overall, we will continue to allocate resources towards innovating new and exciting solar technologies to strengthen our leading position in the market."

"I remain confident in the long-term sustainability of our business as we continue to devote resources towards developing new technologies and supporting the expansion of our market share in exciting and rapidly growing markets."

SHANGHAI, Nov. 8, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) ("JinkoSolar" or the "Company"), a global leader in the photovoltaic (PV) industry attended the 19th China International Industry Fair (CIIF) that opened in Shanghai today. JinkoSolar, as the world's largest solar module producer, showcased a suite of "Intelligent Manufacturing" innovations including MES system, smart devices, facility monitoring, smart factory, robotic workstations, quality traceability capabilities, and many more. At CIIF, JinkoSolar also announced that it has broken its own world record for P-type monocrystalline PERC solar cell efficiency by achieving that of 23.45%. The record was independently validated by the Chinese Academy of Sciences' Photovoltaic and Wind Power System Quality Test Center. This new achievement eclipses JinkoSolar's world record breaking P-Type monocrystalline PERC solar cell efficiency of 22.78% that was achieved just last month in October. JinkoSolar's previous successes clearly did not stop the company's pursuit of further excellence.

Closely adhering to the principles of Industry 4.0 and "Made in China 2025", JinkoSolar introduced new applications of cutting-edge technology such as IoT devices, intelligent mobile devices, and mobile robots to its manufacturing process. The innovative applications allows JinkoSolar to consolidate data collection, enable yield traceability, improve workflow efficiency, and optimize material transportation, which ultimately allows the company to continuously enhance its fab operating efficiency. Following through with its commitment to manufacturing excellence, JinkoSolar has further integrated functions such as advanced data analytics, smart diagnostics, self-reporting, and precise forecasting, with its operational know-how. The integration has revolutionized JinkoSolar's fab operations from "Automated" to "Intelligent", allowing the company to achieve greater efficiency, flexibility and quality, maximize cost effectiveness, and accelerate overall innovation.

Through agile and intelligent operations, JinkoSolar continues its drive towards manufacturing excellence. The company's sophisticated agile operation system has integrated demand and capacity modeling, lean manufacturing, and lot dispatching and scheduling to provide short cycle time, stable manufacturing and on-time delivery. The system also provides greater flexibility to quickly support customers' urgent pull-in requests.

"World records have been shattered again and again at JinkoSolar as the company has broken five world records in cell and module efficiency just this year. Now with assistance of intelligent manufacturing, we can translate these world record learnings into mass production, which will undoubtedly make a big splash in the market.' commented Kangping Chen, CEO of JinkoSolar," As the world's largest solar PV company, JinkoSolar has mastered its physical production processes and products. However, JinkoSolar has not stopped pioneering evident in the successful development and implementation of its own digitalization strategy. Effective introduction and implementation of smart manufacturing will help JinkoSolar further improve its production flows. Excellent technological know-how, manufacturing capacity, and customer loyalty that build on them are the foundation of JinkoSolar current success. Data-driven innovations will be the foundation of its future success."

SHANGHAI, Oct. 25, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) (the "Company," or "JinkoSolar"), a global leader in the solar photovoltaic industry, today announced that it has broken multiple solar technology world records. In an attempt independently verified by the Chinese Academy of Science Testing Laboratory, JinkoSolar broke the existing world record by achieving conversion efficiency of 22.78% on P-type monocrystalline PERC solar cells. This marks the second time in 2017 that JinkoSolar has broken a world record in solar cell conversion efficiency after achieving the 22.04% conversion efficiency record on P-type polycrystalline PERC solar earlier in the year. These recent milestones follow JinkoSolar's earlier successes verified by TUV Rheinland where the company achieved a P-type 60-cell monocrystalline module output of 356.5 W and a P-type 60-cell polycrystalline module output of 347.6 W.

JinkoSolar's improvement in P-type PERC solar cell conversion efficiency was enabled by the application of several advanced cell technologies, including high quality P-type silicon wafer and bulk passivation technology, multi-layer ARC technology, selective emitter technology, and fine-finger metallization technology. Among the various techniques utilized, the application of the selective emitter structure and fine-finger metallization significantly minimized the energy losses caused by recombination. The open circuit voltage and conversion efficiency of the solar cell was also greatly improved as a result. The utilization of advanced multi-layer ARC technology, an innovation developed by JinkoSolar, made further contributions to the efficiency increase. Ultimately, the solar module power output improvement was achieved by cell efficiency increases, cell-to-module electrical optimization, and internal light management techniques.

Mr. Kangping Chen, CEO of JinkoSolar, commented, "Driven by the rapid development of the solar technical and commercial landscape in recent years, JinkoSolar has utilized its technical leadership as a springboard to make jumps in the global industry. We've also greatly strengthened our leadership position in terms of photovoltaic research and development with an advanced manufacturing process, faster mass production speeds, and better quality control than our peers. These advantages have allowed JinkoSolar to reach unprecedented heights in terms of module shipment numbers. JinkoSolar remains committed to advancing its research and development program. We plan to apply what we've learned from our successful world record attempts in a test production environment. We will then rapidly seek the mass application of our new technologies to further bring down the cost per watt of our modules. I am confident that JinkoSolar will become the industry leader in both research and development and advanced manufacturing."

SHANGHAI, Oct. 16, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic (PV) industry, today announced that it supplied 12.7 MW of PV modules to Hitachi Systems, Ltd.("Hitachi Systems"), a subsidiary of Hitachi, Ltd., for a solar plant owned by Farmdo Corporation("Farmdo") in Ulan Bator, Mongolia.

JinkoSolar delivered 12.7 MW of its high efficiency PERC modules and custom built 36-cell and 48-cell dual glass modules. This shipment marks JinkoSolar's first to the country. The power plant is the country's first utility scale solar plant which covers 28 hectares of land and is expected to be connected to the grid in November 2017. Supported by the Japanese Ministry of the Environment, 40% of the project's construction fees will be financed using a government subsidy. JinkoSolar is currently bidding as a competitive candidate for two other projects managed by Hitachi Systems where construction is expected to begin in 2018.

"Mongolia's abundant resources and vast steppe make it an ideal location for developing the local economy through solar power generation," commented Mr. Fujimoto Kazuaki, Division General Manager of Hitachi Systems' Facility Solutions Division. "A steady and reliable supply of electricity is essential for economic development. We are proud to have the opportunity to take part in Farmdo's solar farm project and support renewable energy businesses across the nation. JinkoSolar's global presence, extensive experience in solar power generation, diversified products and strong R&D capabilities ensure that their modules will work reliably even in the harshest of environments. Our partnership with JinkoSolar was essential in making this project a success."

"We are very pleased to have the opportunity to cooperate with Hitachi Systems on this project," commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. "This is a big step for us in expanding our presence in Mongolia. We look forward to creating a bright future for solar energy there."

SHANGHAI, Sept. 27, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (JKS) (the "Company," or "JinkoSolar"), a global leader in the solar PV industry, today announced that it has filed a prospectus supplement to sell up to an aggregate of US$100,000,000 of its American depositary shares ("ADSs"), each representing four ordinary shares, through an at-the-market equity offering program. The ADSs will be offered through Credit Suisse and Barclays as sales agents.

Sales, if any, of the ADSs under the at-the-market equity offering program will be made from time to time, at the Company's discretion, by means of ordinary broker transactions on or through the New York Stock Exchange (the "NYSE") or other markets for its ADSs, sales made to or through a market maker other than on an exchange, or otherwise in negotiated transactions at market prices prevailing at the time of sale or at negotiated prices, or as otherwise agreed with the sales agents. JinkoSolar intends to use the net proceeds from the sales of its ADSs for general corporate purposes, including capital expenditures of its existing offshore solar power plant development and working capital.

SHANGHAI, Sept.  22, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the PV industry, today announced that it supplied 28.2 MW dc of its solar PV modules to Swinerton Renewable Energy, for the construction of the Jacumba Solar Project.

Located in San Diego County, California, the Jacumba Solar Project consists of more than 80,000 JinkoSolar 1500 volt monocrystalline PERC modules. The project was energized in early August, seven months after it was acquired by BayWa r.e in late 2016. Swinerton Renewable Energy provided engineering, procurement, and construction (EPC) for the project.

"JinkoSolar has worked tirelessly to build and maintain its reputation as the most reliable module supplier in the utility market," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "Swinerton's decision to select Jinko for a project with an aggressive schedule is a testament to our ability to deliver on-time."

"Our continued partnership with JinkoSolar, a trusted solar provider in our industry, helped us deliver this project on-time and on-budget, providing maximum value to our client, BayWa r.e.," said George Hershman, Senior Vice President and General Manager of Swinerton Renewable Energy. "This value is passed on to the larger U.S. economy, creating jobs and stimulating the local economies in which we work."

SHANGHAI, Sept. 11, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today introduced new technology and customer-centric solar solutions at Solar Power International (SPI).

"As an industry leader, JinkoSolar continues to invest in R&D and complementary solutions that help its customers better compete in the solar market," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc.  "The various solutions we are showcasing this year should provide customers with winning combinations."

Half-Cell and Bifacial Cell Technology
Eagle HC is a half cell module, which increases power output beyond 305 watts and 370 watts for both 60 and 72 cell formats.  Eagle BF is a bifacial module, which is under development and ready for deployment soon.

Module Level Power Electronics
Eagle AC is JinkoSolar's new AC module with partner Enphase.  As a single integrated unit, the Eagle AC offers customers simplified logistics and faster installation times.  Eagle MX G2 is JinkoSolar's second generation module with partner Maxim.  The Eagle MX G2 has embedded optimizers and now introduces a voltage limiting feature which allows for longer strings.

Smart + Solar
JinkoSolar's all black mono PERC modules can also be found on Green Builder Media's Flex House at SPI, a small, flexible demonstration home that is completely connected, intelligent, resilient, and sustainable, including a fully integrated smart plus solar system.

Financing
Supplementing its current stable of distributed financing offerings is JinkoSolar's new partnership with CleanFund's commercial PACE program.  Customers who use both JinkoSolar modules and CleanFund's commercial PACE financing for projects will be eligible for special pricing and incentives.

SHANGHAI, Sept. 8, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic (PV) industry, today announced that its wholly owned subsidiary, JINKOSOLAR CANADA CO., LTD, will supply approximately 17 MW dc of its solar PV modules to Borea Construction ULC ("Borea Construction") for the construction of the Brooks Solar Project in Brooks, Alberta in Canada.

The Brooks Solar Project is the first utility-scale solar project in western Canada and is owned by Elemental Energy Inc. ("Elemental"), a Vancouver-based renewable energy developer, investor, and operator. Elemental worked collaboratively with many stakeholders to successfully advance the project through late stage development and construction phases. Emissions Reduction Alberta is a contributing partner on the project.

Over 48,500 of JinkoSolar's high-efficiency Mono PERC modules will be used for the Brooks Solar Project, Canada's first solar project utilizing Mono PERC solar PV modules.

"We are proud to work with Borea Construction and Elemental Energy on the Brooks Solar Project, a landmark project for the province of Alberta," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc.

"We needed very high efficiency modules for the Brooks Solar Project," said Murray Westerberg, Director, Western Canada of Borea Construction, "and JinkoSolar presented the best value."

Second Quarter 2017 Financial Results

• Total revenues were RMB7.92 billion (US$1.17 billion), an increase of 37.2% from the first quarter of 2017 and an increase of 39.8% from the second quarter of 2016.
• Non-GAAP basic and diluted earnings per ADS from continuing operations were RMB1.92 (US$0.28) and RMB1.88 (US$0.28), respectively, in the second quarter of 2017.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "Second quarter module shipments once again hit a record high, increasing 39.5% sequentially to 2,884MW. Total revenues hit $1.17 billion, an increase of 37.2% sequentially while our gross margin dropped slightly to 10.5%, from 11.2% in the first quarter of 2017."

"Shipments over the past few quarters have surged to new highs, allowing us to continuously capitalize on the growing recognition of JinkoSolar's brand and excellent products and services to increase our market share. While ASPs declined during the quarter, prices along our supply chain remained relatively high and impacting our margins. We also worked with our OEM partners more extensively than expected during the quarter to ensure timely delivery, which adversely impacted our margins. We are currently reviewing our strategy in order to improve profitability and further cut down the use of OEM going forward. Our efforts will also be focused on strengthening inventory management and controlling operating expenses."

"Demand in China was very strong during the quarter, boosted by rush orders before the June 30th Feed-in-Tariff cutoff. This momentum is carrying on into the third quarter with the Top Runner projects, PV Poverty Alleviation projects, and DG projects generating stable demand, which is expected to continue throughout the rest of the year. The long-term demand of Chinese market will be supported by the upwards revision of 5-year targets set by the NEA. The Section 201 petition in the US continues to create market uncertainties. We remain committed to the US market and believe its long-term growth momentum will not change. Demand in emerging markets continued to grow, accounting for a larger portion of our shipments during the quarter. India's 100 GW target by 2022 is solid and will continue to create strong demand going forward. The solar markets of Mexico, Argentina and Brazil in Latin America are rapidly growing in scale while Egypt and Jordan in Middle East have the potential to become GW level markets next year. We expect demand in emerging markets to continue to grow in 2018."

"We are ramping up our mono wafer and PERC cell capacity. Our diamond wire-cutting multiply wafers are now in mass production and are combined with our black silicon cell technology. Our technological focus remains on efficiency and cost. With solid progress being made in the development of new technology, we will continue to maintain flexible and dynamic production capacity in order to meet demand from a rapidly changing market.

"We already have strong visibility in our order book through the rest of the year and have already begun to take orders for next year. We expect ASPs to remain stable during the second half of the year. With our focus now shifting towards profitability, I am confident that we will benefit from the long-term growth prospects of the industry while generating sustainable returns for our shareholders."

Operations and Business Outlook

Strategic Shift in Overseas Downstream Solar Project Business

With the Company's focuses shifting towards its core competencies in manufacturing, JinkoSolar will cease developing new overseas downstream solar projects starting in the third quarter of 2017. The Company will continue to develop, construct and connect to the grid its existing overseas downstream solar projects.

The Company provided a debt payment guarantee in connection with a loan facility granted to Sweihan PV Power Company P.J.S.C, equity investee of the Company for developing overseas solar power project, in a maximum aggregate principal amount not exceeding US$50 million.

Third Quarter and Full Year 2017 Guidance

For the third quarter of 2017, the Company estimates total solar module shipments to be in the range of 2.1 GW to 2.3 GW.

For the full year 2017, the Company estimates total solar module shipments to be in the range of 8.5 GW and 9.0 GW.

SHANGHAI, Aug. 10, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it has supplied 35.46 MW of solar modules to Gransolar, a specialist renewable energy construction company, for a PV project in Mexico.

JinkoSolar supplied its high efficiency PV modules to the largest solar power plant in Chihuahua State, located in Camargo. Construction of this solar power plant has been completed with approval to begin commercial operations granted on April 6, 2017.

"Gransolar is pleased to use JinkoSolar modules on this project and looks forward to continuing its relationship with JinkoSolar on future projects," said Francisco Torrecillas, Gransolar's Project Manager.

"We are delighted to have the opportunity to cooperate with Gransolar again," said Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. "Our partnership with Gransolar further strengthens JinkoSolar's presence in Latin America. We will continue to provide high-quality products to our clients there."

SHANGHAI, July 28, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that it has become the first PV module provider to guarantee that all JinkoSolar Standard Mass Produced PV Modules meet IEC62804 double anti-PID standards.

JinkoSolar Standard Mass Produced 1,500V PV Modules are guaranteed to perform under 85℃/85% relative humidity conditions (double 85) for 96 hours. JinkoSolar Standard Mass Produced 1,000V PV Modules have had their guaranteed performance time improved to 192 hours under the same conditions.

JinkoSolar Standard Mass Produced anti-PID PV Modules guarantee the high quality and reliability which enable the stable operation of PV installations operating in hot and humid environments over their 25-year life span.

"JinkoSolar's products deliver a stable performance over their entire service life. We have taken the extra-step that exceeds industry standards to guarantee the performance. We are the first module manufacturer to guarantee that all our Standard Mass Produced PV Modules meet the IEC double anti-PID resistance standards. I am confident this will create a better and more secure investment environment for our customers." said Mr. Kangping Chen, CEO of JinkoSolar.

JinkoSolar Standard Mass Produced PV modules are mass produced using the company's regular materials under JinkoSolar's standard technologies.

SHANGHAI, July 24, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the photovoltaic (PV) industry, today announced that it supplied 30 MW ac of PV modules for 2 solar projects in Virginia to Hecate Energy, a leading developer, owner, and operator of power plants in North America and abroad. 

JinkoSolar's high-efficiency modules are powering the 10 MW ac Clarke County project located in Double Tollgate, VA. Connected in June, this project, is the first of two phases, with another 10 MW ac scheduled for 2019. JinkoSolar will also be supplying 20 MW ac for the Cherrydale project currently under construction. Located on Virginia's Eastern Shore, this project marks the first utility-scale solar farm built in Northampton County, VA.

"JinkoSolar is pleased to be working with Hecate Energy on the two notable projects," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "We are especially pleased to be a contributor to the recent growth of solar in the state of Virginia."

"Hecate Energy is pleased to use Jinko Solar modules on these projects and looks forward to continuing its relationship with Jinko on future projects," said Hecate's Vice President of Engineering, Philip Mooney.

SHANGHAI, July 11, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the PV industry, today announced that it is partnering with TUV Rheinland, an independent provider of technical services for testing, inspection, certification, consultation and training, to develop standardized testing methods for bifacial PV technology.

As the convener of the IEC/TC82 solar cell working group, Dr. Jin Hao, Vice President of JinkoSolar, has been inviting domestic and foreign experts to discuss about the draft for IEC60904-1-2 bifacial standards and the difficulties of bifacial technology. By participating in IEC meetings, PVQAT meetings as well as a number of other forums, JinkoSolar has been working to further develop its bifacial technology and establish industry standards for future testing methods. JinkoSolar has joined a working group organized by Dr. Christos from TUV Rheinland to develop standardized testing methods for bifacial modules and a draft of the testing method is now released. JinkoSolar is one of the first companies to receive a final testing report based on this draft.

"As an industry leader, JinkoSolar has deployed considerable resources towards further developing its bifacial technology and standardizing testing methods," commented Dr. Jin Hao, Vice President of JinkoSolar. "We will continue to work with authoritative independent technical service providers such as TUV Rheinland to further study and standardize testing methods for bifacial modules used in outdoor power generation systems."

SHANGHAI, June 12, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd.("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic (PV) industry, today announced that its Japan subsidiary ("Jinko Japan") has entered into a 187MW Cooperation Agreement (the "Agreement") with Quantum Power GK, a Japanese company within Quantum Group.

Quantum Group is a global company leader in the renewable energy industry providing project development, engineering, financing, EPC contracting and a sset m anagement including O&M services with more than 4 GW developed worldwide. In accordance with the Agreement , Jinko Japan will exclusively supply 187MW worth of 275Wp modules for three projects of Quantum Power in Japan located in Ibaraki, Gunma and Mie prefecture (the "Projects"). The last one is the largest integrated renewable project for Quantum, located in Matsuzaka, Mie prefecture, 330 km southwest of Tokyo. The project will operate a solar power plant, which generates 127,500 MWh per year and provides clean energy nearly to 90,000 households in the region. The power plant will start construction from July 2017 and is scheduled to complete by November 2018. The shipment of the modules for the Projects is supposed to commence in the fourth quarter of 2017.

"We are excited to build a partnership with JinkoSolar -- an innovative leader in the Solar Industry," said Lluis Torrent, Managing Director of Quantum Power Japan. "We are always looking to support and join with innovators and companies that we know will provide the most value to our solar customers."

"We are pleased to enter into this strategic relationship with Quantum Power GK," commented Mr. Gener Miao, JinkoSolar's Vice President of Global Sales and Marketing. "Our influence in the Japanese market will further increase and our efforts to support our customers in Japan will be greatly enhanced through this new relationship."

First Quarter 2017 Financial Results

• Total revenues were RMB5.78 billion (US$839.3 million), an increase of 12.8% from the fourth quarter of 2016 and an increase of 9.4% from the first quarter of 2016.
• Diluted earnings per American depositary share ("ADS") from continuing operations were RMB1.88 (US$0.28).
• Non-GAAP basic and diluted earnings per ADS from continuing operations were RMB2.52 (US$0.36) and RMB2.48 (US$0.36) respectively in the first quarter of 2017.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "Module shipments during the quarter hit a record high of 2,068MW, a 19.3% increase sequentially while generating US$839.3 million in revenue. We continued to capitalize on the growing recognition of JinkoSolar's brand and high quality products and services to increase our market share and capture new opportunities during the quarter."

"Our gross margin contracted to 11.2% from 14.3% last quarter as a result of a slight decline in the average selling prices ("ASP") of solar modules, increased silicon prices and material costs caused by a shortage of supply in the first quarter. We believe our margins have room to improve in the second quarter and throughout the second half of the year as our mono wafer and PERC cell capacity increases and polysilicon prices stabilize."

"Demand in China remains strong with growth momentum expected to continue into the next quarter. While the June 30 Feed-in-Tariff has created some uncertainties in China's utility-scale market, we haven't seen demand weaken. Our deep involvement in the Top Runner and PV Poverty Alleviation projects as well as distributed generation projects will provide strong support for demand during the second half of the year."

"We strongly oppose the petition under Section 201 in the US, but believe growth momentum there will continue. ASPs of solar modules in the US have risen slightly in recently months due to strong demand. Demand from India and other emerging markets where we are devoting more resources to expand our leading market share also continue to grow rapidly. With such strong demand from across the globe, we expect module shipments to increase by approximately 25% sequentially in the second quarter of 2017."

"We continue to ramp up our mono wafer and PERC cell capacity, which will reduce the overall cost of our mono products and help increase our margins. Our mono PERC products are in short supply and have been fully booked out for the rest of the year, demonstrating the strong demand for our high quality products. In the meanwhile, our team is working hard to optimize the cost structure of both our mono and multi products."

"While we are facing some short-term industry headwinds, the continued development of the global solar industry is irreversible. We are confident in the long-term prospects of the solar industry and our sustainable growth strategy."

Second Quarter and Full Year 2017 Guidance

For the second quarter of 2017, the Company estimates total solar module shipments to be in the range of 2.5 GW to 2.6 GW.

For the full year 2017, the Company estimates total solar module shipments to be in the range of 8.5 GW and 9.0 GW.

SHANGHAI, May 24, 2017 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic ("PV") industry, today announced that in a signing ceremony held at the Emirates Palace, the financial agreements for the debt and equity funding for the Sweihan Solar PV Independent Power Project (the "Project") were signed by the Abu Dhabi Water and Electricity Authority ("ADWEA"), Sweihan Solar Holding Company Limited ("Sweihan"), a joint venture between JinkoSolar and Marubeni Corporation ("Marubeni"), and a syndicate of international and local banks.

The agreements closed a US$870 million financing for the Project, an 1,177 MW (DC) solar PV project with a 25-year PPA signed with ADWEA. The Project is expected to reach commercial operation date in April 2019.

"Today's Financial Closing is the culmination of 18 months of hard work, determination and commitment from many people, from multiple Abu Dhabi Government stakeholders, the international PV investor market, the international and local lending community and related advisors," commented H.E Abdullah Ali Musleh Al Ahbabi, Chairman of ADWEA. "I would like to take this opportunity to thank all those involved in making today's milestone possible. However today's event is just the beginning. Over the course of the next 2 years, the vision of the Sweihan PV Project will become reality."

"The financial closing of the Sweihan Project is an important step-forward to energize one of the largest solar power plants in the world," commented Mr. Xiande Li, Chairman of JinkoSolar. "We will continue to cultivate to the successful completion, operation, and maintenance of the Sweihan project with the highest standard, along with our partners ADWEA and Marubeni."

BEIJING, May 18, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the PV industry, today announced that a team led by Mr. Xiande Li, Chairman of JinkoSolar, held a strategic meeting in Beijing on May 17, 2017 with Dr. Saleh H. Alawaji, Deputy Minister for Electricity Affairs for the Kingdom of Saudi Arabia and Chairman of the Saudi Electricity Company (SEC).

Dr. Alawaji briefed JinkoSolar on the SEC's business operations, services and long-term business prospects. Dr. Alawaji also shared his vision for Saudi Arabia's renewable energy development and growth targets.

Mr. Li introduced JinkoSolar's developments history, scale and capacity, as well as its latest achievements in both solar manufacturing and project development.

Dr. Alawaji was impressed by JinkoSolar's development history, deep experience, solid financing capabilities, and strong project development track record. Mr. Li was fascinated by the SEC's efforts in implementing a national energy diversification strategy and in creating a fair, transparent and open bidding mechanism for all Independent Power Producer (IPP) participants.

This strategic meeting created stronger ties between both parties and will aid in creating solar power opportunities across Saudi Arabia.

SHANGHAI, May 16, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that its modules have passed intensive UV test in terms of IEC61345 from TUV Rheinland.

Comparing with test procedure of UV Preconditioning test defined in IEC61215, which is the major international standard of the industry, IEC 61345 intend to verify the sample's UV resistance under different ultraviolet level ("UVA", 320nm~400nm "UVB", 280nm~320nm). By considering the test condition of that, Jinko required TUV Rheinland to perform the special UV test which had more than 160KWh/m2 irradiance for exposure (137.84KWh/m2 for front side and 30.07KWh/m2 for rear side). And power degradation was less than 5%.

"I'm proud that JinkoSolar is the first Chinese PV manufacturer to pass intensive UV test according to IEC61345, which further demonstrates our technology strength and leading position in the industry," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "We have always been committed to providing our clients with the highest quality and most reliable products while being at the forefront of solar technology."

HANGHAI, May 11, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the PV industry, today announced that its modules have received IEC61345 certification from TUV Rheinland.

IEC61345 certification employs stricter testing criteria compared to IEC61215 certification, which currently serves as the industry standard UV test. It is mainly used to test modules' UV resistance under ultraviolet b ("UVB", 280nm~320nm), which requires exposure to exceed 7.5KWh/m2 on the top side and 0.75KWh/m2 on the reverse side. To meet these stringent standards, exposed modules on the top side should be over 137.8KWh/m2 under UVA+UVB (280nm~400nm).

"I'm proud that JinkoSolar is the first Chinese PV manufacturer to receive IEC61345 certification, which further demonstrates our technology strength and leading position in the industry," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "We have always been committed to providing our clients with the highest quality and most reliable products while being at the forefront of solar technology."

SHANGHAI, April 25, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic (PV) industry, today announced that it has supplied 42 MW of solar modules to Asunim Yenilenebilir Enerji Teknolojileri Ins. Muh. San. Tic. Ltd. ("Asunim"), for use in two PV power plants implemented by Asunim in Izmir Province, southwest Turkey.

Asunim has started construction of the 20 MW and 22 MW plants with preliminary ministry acceptance. Featuring high irradiation values and stable grid conditions, the two main sites combined will generate around 56 GWh/year upon grid connection scheduled for summer 2017, avoiding around 40,000 tons of CO2 emissions annually. JinkoSolar delivered high-efficiency PID free solar modules to the two solar plants.

Umut Gurbuz, managing partner for Asunim Turkey, underlined: "Our excellent five year track record as EPC and Developer in Turkey shows that we are able to deliver high quality systems within budget and contractual deadlines. We are very proud of having been contracted for these two large projects and will install and maintain these systems in accordance with Turkish law and best industry standards. These systems contribute to consolidate and increase Asunim's considerable references for large scale PV systems."

Frank Niendorf, General Manager of JinkoSolar Europe, comments: "This is another successful project, which we highly appreciate to realize with our reliable partner Asunim and it is one of the biggest projects in Turkey. Asunim is recognized by big investors for their excellent quality standards, which fits perfectly to JinkoSolar's philosophy to offer best-in-class efficiency modules at a competitive value."

SHANGHAI, March 1, 2017 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic ("PV") industry, today announced that a consortium consisting of JinkoSolar and Marubeni Corporation ("Marubeni") have entered into a Power Purchase Agreement ("PPA") with the Abu Dhabi Water and Electricity Company ("ADWEC") for the Solar PV Independent Power Project (the "Project") located at Sweihan, Emirate of Abu Dhabi, United Arab Emirates.

A special purpose company jointly owned by JinkoSolar, Marubeni, and the Abu Dhabi Water and Electricity Authority ("ADWEA") will construct, operate and maintain the PV plant for the duration of the 25-year PPA. The project will be located in the Eastern Region of the Emirate of Abu Dhabi, approximately 120 km east of the city of Abu Dhabi in Sweihan and will have the capacity of 1,177 MW (DC). All power generated will be sold to ADWEC, a wholly owned entity of the ADWEA. The Project's financial agreements are expected to close in April 2017 with commercial operation expected to begin in 2019.

"Today's important milestone is a highly significant event for both the Emirate of Abu Dhabi and also for the global Solar PV market," commented H.E Abdullah Ali Musleh Al Ahbabi, Chairman of ADWEA. "Not only will the Project, once constructed, be the world's largest single utility scale solar PV plant, but the price of net electrical energy that we have agreed to today is one of the most competitive prices seen to date in the Solar PV industry."

"We are excited to be a part of the significant milestone project to co-develop with ADWEC and Marubeni. The execution of the PPA demonstrates our strong technical skills, reliable high-efficiency products and development capabilities," commented Mr. Xiande Li, Chairman of JinkoSolar. "We are proud of making a significant contribution to the development of the solar industry in the Emirate of Abu Dhabi."

Fourth Quarter 2016 Financial Results

• Total revenues were RMB5.12 billion (US$737.6 million), a decrease of 3.9% from the third quarter of 2016 and a decrease of 13.7% from the fourth quarter of 2015.
• Non-GAAP basic and diluted earnings from continuing operation per ordinary share were RMB1.81 (US$0.26) and RMB1.79 (US$0.26), respectively during the fourth quarter of 2016. This translates into non-GAAP basic and diluted earnings per ADS of RMB7.24 (US$1.04) and RMB7.16 (US$1.04), respectively.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "I am pleased to announce a strong quarter to finish out the year with module shipments hitting 1,733 MW and 6,656 MW in the fourth quarter and full year 2016, respectively. I am proud to say that this puts us firmly in the position as the largest module supplier globally. Total revenues during the quarter hit US$737.6 million and US$3.08 billion for the whole year. While market sentiment is gloomy overall, we remain optimistic about the global demand in 2017."

"We successfully complete the spin-off process of Jinko Power's project business which generated US$145.2 million in investment gain for JinkoSolar and strengthened our balance sheet by cutting debt to US$892 million from US$2.1 billion. In January 2017, we further cut our debt by repurchasing almost all of our convertible notes due in 2019 at holders' put option. These initiatives have increased our corporate flexibility and reinforced our financial position which will allow us to take advantage of more opportunities in 2017."

"We further consolidated our leading position across a number of key and emerging markets during the quarter. China remains our largest market where we expect growth momentum to continue during the first half of 2017 as rush orders come in before the FiT cut in June 2017. Demand during the second half of 2017 may soften, but distributed generation and Top Runner projects are expected to make up for the demand. After a sharp decline during the quarter, ASPs in the US have begun to stabilize. While uncertainties remain, we believe that the growth trajectory of the US market won't deviate significantly, especially with ITC still valid. India, with its abundant sunlight and increasing demand for power, has created ideal market conditions for rapid growth. We are very optimistic about our potential in this market and have been rapidly expanding our team there. We will also reinforce our leading position in Latin America and the Middle East, two markets that remain full of opportunities."

"We remain focused on high-efficiency technologies and stringent quality controls. Demand for our PERC products continues to be strong and as a result, we have been adjusting our production capacity to accommodate this market trend since the first half of 2016."

"In conclusion, I am proud of what we have achieved throughout the past quarter and year. We have extensive experience having faced similar market headwinds before, leaving us confident in our strategy and our ability to focus on developing technology, building our brand equity, keeping a lid on costs and improving our financial strength to further drive shareholder value."

Operations and Business Outlook

First Quarter and Full Year 2017 Guidance

• For the first quarter of 2017, the Company estimates total solar module shipments to be in the range of 1.9 GW to 2.0 GW.
• For the full year 2017, the Company estimates total solar module shipments to be in the range of 8.5 GW and 9.0 GW.

SHANGHAI, Feb. 2, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the photovoltaic (PV) industry, today announced that it supplied 106.4 MWdc of PV modules to sPower, the largest private owner in the United States of utility-scale solar operating assets. The Solverde 1 solar farm is located in Lancaster, California, in the northern LA County.

sPower developed and completed the project within 12 months. This included signing the power purchase agreement (PPA), completing interconnection, and building and commissioning the project. To meet this schedule, JinkoSolar delivered over 330,000 of its high-efficiency polycrystalline modules to the project site in the span of just over two months.

"At JinkoSolar, we are committed to meeting our partners' tight deadlines," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "Being selected by industry-leading sPower as the module supplier for this unique and time-sensitive project strengthens our reputation as a highly dependable module manufacturer."

"Developing a solar farm within 12 short months is a challenging feat and requires solid cooperation with experienced and capable partners," said Josh Skogen, SVP of project development for sPower. "It was important that we select a module supplier that could manage such an aggressive delivery schedule.  We were confident that Jinko would be a great partner for the Solverde project, as it has a proven track record for delivering quality modules on-time."

SHANGHAI, Dec. 27, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., donated 14 kW to RE-volv, a solar non-profit and member of the White House National Community Solar Partnership. This donation will provide 2 local charities with solar power.

JinkoSolar's donation significantly reduced RE-volv's crowdfunding goal, allowing both the Serenity House in Philadelphia, PA, and the Riverwest Co-op, in Milwaukee, WI to enjoy the benefits of solar sooner than anticipated.

5.6 kW of high-efficiency JinkoSolar modules have been installed on the Serenity House, an outreach ministry of the Arch Street United Methodist Church. It serves as a safe space in the heart of North Philadelphia, a community beset with poverty, homelessness, and substance abuse. The roof-top system is expected to interconnect this month, saving the Serenity House over 15% on its monthly electricity costs. Arch Street United Methodist Church will  reinvest the savings into its community services.

The remaining 8.4 kW will be installed on the Riverwest Co-op, a natural food store and cafe located in Milwaukee's vibrant and diverse Riverwest neighborhood. The co-op is dedicated to providing the community with nutritious, wholesome food and supporting local producers along the way.  With the help of Jinko's module donation, Riverwest Co-op will save $40,000 in electricity costs over the lifetime of the system and keep 61 tons of burned coal from the atmosphere. Through its revolving Solar Seed Fund, RE-volv will use the ongoing lease payments from these two projects to finance four more solar projects for other community-serving nonprofits and co-ops.

"These two projects mark an important milestone for us as they are our first projects outside of CA," declared Andreas Karelas, Founder and Executive Director of RE-volv. "Thanks to our on the ground Solar Ambassador college fellows spearheading the projects, and the generous support of JinkoSolar, it's now possible for us to successfully empower community-serving organizations with solar energy around the country."

"JinkoSolar is proud to support RE-volv in reaching its goals in providing solar energy to non-profits across the US," said Nigel Cockroft, General Manager of JinkoSolar(U.S.) Inc. "As we are a company committed to giving back, we were excited to learn that the savings realized from our donation will be reinvested back into the respective communities."

SHANGHAI, Nov. 28, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the PV industry, today announced that its Shangrao production facility received IEC TS 62941 photovoltaic industry technical specification certification.

IEC TS 62941 specification was launched in early 2016 and is administered by the International Electro Commission ("IEC") to certify the quality of photovoltaic module manufacturers' management systems. IEC TS 62941 technical certification is based on ISO9001 or equivalent quality management system but adds on a few additional requirements. IEC TS 62941 creates higher industry standards for photovoltaic module product design, development, product certification, process control, key raw material control, procurement, product testing/monitoring, documents and other aspects. TUV NORD, who assessed JinkoSolar as a third party, specifically highlighted the outstanding system planning and organization of JinkoSolar's Shangrao production facility.

"Receiving IEC TS 62941 certification demonstrates the level of quality that JinkoSolar's modules are known for internationally as well as its stringent production standards," commented Mr. Huang Zhongpei, JinkoSolar's Quality Center Vice President. "With this certification, JinkoSolar will be able to continue improving its quality, reliability, service quality and customer satisfaction with standards that are recognized internationally. This creates value for our customers, forms an integral part of our strategy and positively impacts the overall development of JinkoSolar's business."

SHANGHAI, Nov. 21, 2016 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic (PV) industry, today announced that it has completed delivery on 140 MWdc of PV modules for the North Star project located in Chisago County, Minnesota, approximately 50 miles north of Minneapolis.

The North Star Solar project will utilize over 440,000 of JinkoSolar's high-efficiency 72-cell polycrystalline modules and is expected to generate enough clean energy to power over 20,000 homes annually. Once completed, it will become the largest single solar facility in the Midwest, spanning 1000 acres of agricultural land.

Swinerton Renewable Energy (SRE) served as the project's EPC contractor, providing employment to over 300 local workers during peak construction. An affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI) acquired the project, which is expected to connect to the grid in December 2016.

"JinkoSolar is committed to ensuring that our products are highly reliable and are backed with dependable service," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "Working with longtime partners Swinerton and DESRI on another substantial project like North Star is a testament to this commitment."

"We are proud to build a project that will showcase the potential of utility-scale solar in the Midwest," said George Hershman, Senior Vice President and General Manager of Swinerton Renewable Energy. "Thank you to our respected client, DESRI, our partners, the communities of Chisago County, and the SRE team for their valuable roles in North Star's success."

"We appreciate the dedication and commitment of JinkoSolar and our other partners in helping complete a project of this scale," said Bryan Martin, CEO of DESRI. "This is the largest single solar project in Minnesota, and we are proud of the jobs and clean energy we have created together."

Third Quarter 2016 Financial Results

• Total revenues were RMB5.70 billion (US$855.3 million), a decrease of 4.4% from the second quarter of 2016 and an increase of 39.0% from the third quarter of 2015.
• Non-GAAP basic and diluted earnings per ADS were RMB9.72 (US$1.44) and RMB9.36 (US$1.40), respectively, in the third quarter of 2016.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "Our business continued to gain growth momentum despite a challenging environment. Module shipments reached 1,606 MW, an increase of 41.6% year-over-year while total revenues reached US$855.3 million, an increase of 39.0% over the same period last year. Based on our visibility into the fourth quarter of 2016, we are once again raising our full year 2016 shipment guidance to 6.6GW to 6.7GW from our previous guidance of 6.0GW to 6.5GW. We are well positioned to continue benefitting from the global adoption of solar energy, which is playing a more important role in the global energy landscape."

"Jinko Power's electricity output increased 20.8% sequentially to 395GWh while generating RMB372.4 million in revenue. Jinko Power connected an additional 184MW worth of solar projects during the quarter, bringing our total to 1,314 MW as of September 30, 2016. We closed the sale of Jinko Power's business in November 2016 to Shangrao Kangsheng for US$250 million in cash, which will significantly improve our balance sheet by reducing our debt and net gearing ratio. We expect to report a gain on the sale in the fourth quarter of 2016. This injection into our already substantial cash position will also provide us with the extra flexibility for our future operations."

"We consolidated our leading position across a number of key and emerging markets during the quarter. Demand in China remains robust as module prices stabilized. Demand is expected to pick up again in the first half of 2017 with the announcement of the next round of FiT cut, which we expect will act as a strong catalyst. Demand in the US is stable despite recent market panic which we believe is only temporary. We expect the US market will heat up again during the second half of 2017. We have always advocated a fair, transparent and market-driven environment, and the withdrawal of major solar manufacturers from the EU's MIP agreement is boosting our outlook for the European markets. We also reinforced our presence on the ground in India by opening a new office to offer local technical and logistical support to our customers there. We expanded our emerging market presence to over 40 countries and regions, and strengthened our leading position in key markets such as Chile, Mexico and the UAE."

"We continued to focus on developing high-efficiency products. Our mono wafer capacity using diamond-wire cutting is now operational and is scaling up rapidly to support our high-efficiency PERC lines. As leader in the industry, our team is constantly focusing on providing our customers the highest-quality, most reliable and high-efficiency products."

"We have experienced the ups and downs of the solar industry but we have never had any doubt about its great potential. We will continue to grow our business sustainably as we fulfill our commitment to green energy.

Fourth Quarter and Full Year 2016 Guidance

For the fourth quarter of 2016, the Company estimates total solar module shipments to be in the range of 1.7 GW to 1.8 GW.

For the full year 2016, the Company raises the estimation of total solar module shipments to be in the range of 6.6 GW and 6.7 GW.

SHANGHAI, Nov. 15, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the photovoltaic industry, today announced that its entire portfolio of PV modules passed the 96-hour Potential Induced Degradation ("PID") resistance test under the conditions of 85℃ degrees and 85% relative humidity ("double 85") at +/-1,000V as required by IEC62804 standards with a degradation of less than 5%. JinkoSolar is the first PV module manufacture in the industry to guarantee anti-PID under double 85 condition with the warranty of less than 5% degradation for its PV modules.

"JinkoSolar's PV solar modules are 100% in compliance with double 85 anti-PID standards and offer the related warranty, which marks a milestone in anti-PID technology development of the solar industry and demonstrates our leading position in the field. We will continue to improve our anti-PID system to generate a better performance under higher voltage and other tougher conditions. The Company is committed to providing its global customers with the most reliable, high-quality PV solar products and to ensure the steady output of solar system and client's investment return," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer.

SHANGHAI, Oct 24, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the photovoltaic industry, today announced that it was appointed as one of the six co-chairs for the Business 20 (B20) Energy, Climate & Resource Efficiency Taskforce, under the leadership of the German G20 Presidency. This is the second consecutive year that JinkoSolar, the only Chinese enterprise and solar PV Company, participated in the B20 process. The selected Co-Chairs are leaders of well-known global enterprises and G20 members, and are vital contributors to the taskforce.

It is also the first time the Energy, Climate & Resource Efficiency (ECRE) Taskforce accepted JinkoSolar's recommendation to include solar PV renewable energy as a key topic of discussion at B20 in Germany next year.

"We are honored to participate as Co-Chair of the B20's ECRE Taskforce. The taskforce supports G20's goals by obtaining the appropriate financing, carbon market mechanism and policy that is needed to support global investment flows. More specifically, the world's infrastructure and clean energy requirements," said Mr. Xiande Li, Chairman of JinkoSolar, "This is the first time the B20 ECRE Taskforce selected a solar PV company as a Co-Chair. This indicates a common objective of G20 members to lead the world's economy towards a more sustainable path. In order to alleviate the current economic challenges, green energy infrastructure reform is the key. Solar power is now undercutting coal fired electricity in lots of regions; we need to focus on ways to seek investment to support the huge demand for clean energy finance, and the transition to a low-carbon society," he added.

When discussing the Chinese solar industry, Mr. Li stated "China has the ability to manage the transition from an export-led manufacturing economy to a consumption-based, energy services economy, executing its strategy with great technical and business model innovation. Chinese clean energy companies such as JinkoSolar have grown rapidly in recent years, playing a critical role in accelerating grid-parity and delivering strong productive gains across more and more countries. They are not only meeting consumer needs of today, they are building scale for the future."

SHANGHAI, Oct. 11, 2016 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the photovoltaic industry, today announced that Wide Wealth Group Holding Limited, a 55%-owned indirect subsidiary of the Company, has entered into a Share Purchase Agreement (the "SPA") with Shangrao Kangsheng Technology Co., Ltd. (the "Buyer"), a company incorporated with limited liability under the laws of the People's Republic of China, formed by a buyer consortium led by Mr. Xiande Li, chairman of the board of directors of the Company (the "Board").

Subject to satisfaction or waiver of the SPA's terms and conditions, the Buyer will acquire all of the 55% equity interest indirectly held by JinkoSolar in Jiangxi JinkoSolar Engineering Co., Ltd., a developer and operator of solar power projects in the People's Republic of China, for a total consideration of US$250 million in cash (the "Purchase Price"). Through this transaction, JinkoSolar will spin off all its downstream business of Jinko Power and get US$250 million in cash. The transaction is currently expected to close during the fourth quarter of 2016.

The Buyer intends to fund the Purchase Price with personal funds and debt financing.

The Board, acting upon unanimous recommendation of a committee of independent directors established by the Board (the "Special Committee"), unanimously approved the SPA and the transactions contemplated thereby. The Special Committee, which is composed solely of independent and disinterested directors, negotiated the terms of the SPA with the assistance of its financial and legal advisors.

In connection with the execution of the SPA and the performance of the transactions contemplated thereby, Duff & Phelps, LLC is serving as financial advisor to the Special Committee; Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal advisor to the Special Committee; and Jun He Law Offices is serving as PRC legal advisor to the Special Committee. Credit Suisse (Hong Kong) Limited is serving as financial advisor to the Buyer; and Troutman Sanders LLP is serving as U.S. legal advisor to the Buyer.

SHANGHAI, Sept. 9, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the solar PV industry, on August 25 announced its unaudited financial results for the second quarter ended June 30, 2016. Total solar module shipments reached 1,716 megawatts ("MW") for the second quarter, allowing the PV manufacturer to maintain global leadership in terms of shipments. Total revenues were 5.96 billion yuan (US$903 million), up 86.1 per cent year on year. For the full year 2016, the company estimates total solar module shipments between 6GW to 6.5GW, possibly becoming the world's largest solar module maker.

JinkoSolar attributes its global leadership to continuous R&D of advanced technologies as well as a constant and unwavering emphasis on innovation in technology and the maintenance of high quality. In April 2015, the company announced that it had achieved a maximum output of 334.5W for a 60-cell polycrystalline module, breaking all world records for this type of performance. Through the integration of new technologies around silicon wafers, cells and modules, including PERC-based monocrystalline cell technology, application of a unique approach to maximizing the optical efficiency of the components as well as reducing power loss in the PV arrays, the company's R&D team succeeded in pushing the maximum output to 343.9W for a 60-cell monocrystalline module, setting an additional new record and helping the company become a leader in terms of maximum output for both monocrystalline and polycrystalline modules.

In addition, the company's long-term strategy of balanced global expansion rather than heavy dependence on a single market has resulted in balanced growth across seven business areas worldwide. Chen Kangping, JinkoSolar's CEO, commented:"We saw steady improvements in the number of customers, order mix and order volume in the Japanese market during the first half of this year. We have been awarded large order volumes for the second half of this year and we expect strong growth in Japan, Latin America and India. The geographical distribution of our shipments will continue to become more balanced."

JinkoSolar is optimistic in terms of future development. The government of the UAE announced in June that the cost of electricity from solar power was averaging 2.99 cents a kilowatt hour, the lowest electricity generation cost recorded to date worldwide and almost one-third cheaper than the cost of generating electricity from coal. These numbers demonstrate that the cost of electricity from solar power has become cheaper than generated the same from thermal power in more than one market and that solar has become the cheapest source from which to produce power. As the world's largest player in the business of solar power, JinkoSolar is committed to providing customers with high-quality solar energy products as well as cheap and clean PV-based electricity and to helping solar energy replace traditional energy sources.

SHANGHAI, Sept. 9, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., in partnership with Green Builder® Media, will showcase the Arc House, a small, smart, net-zero carbon footprint home at Solar Power International (SPI).

JinkoSolar's all black, high efficiency modules will power the Arc House, allowing the smart home to function completely off the grid. This net-zero carbon footprint home will automatically adjust and optimize energy use with an integrated smart home technology and solar system which will also manage the production, storage, and monitoring of energy use. SPI attendees will be able to tour the Arc House's 432 square foot highly efficient living space.

"Solar has become a mature, competitive energy source, and we are excited to show what JinkoSolar modules can do for homes of all sizes and shapes," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "The Arc House in particular is a glimpse into the potential of smart, tiny homes. We are grateful to be partnered with Green Builder® Media, a company consistently on the forefront of the most pressing environmental issues of our time, to bring forth a vision of the future of sustainable living."

"JinkoSolar is a natural fit for this project. Aside from producing aesthetically pleasing all black, high powered panels, JinkoSolar is also a financially stable global solar leader, with strong vision in the future of energy efficient, residential living," said Sara Gutterman, CEO of Green Builder Media. "While the Arc House is a demonstration house, we ultimately intend for visitors to be inspired to use the same components and ideas for their own homes."

SHANGHAI, Sept. 8, 2016 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic (PV) industry, today announced its withdrawal from the European Union ("EU") Price Undertaking ("UT") agreement.

Under the terms of the UT agreement that JinkoSolar was party to, Chinese companies selling solar cells and solar panels in the EU must sell at a price above a fixed Minimum Import Price ("MIP"). Chinese solar manufacturers that did not accept the UT agreement faced anti-dumping ("AD") and anti-subsidy ("AS") duties, which for JinkoSolar were 41.2% and 6.5%, respectively. After careful strategic consideration, the Company believes that the UT agreement is no longer conducive to the ongoing expansion of its business in the EU. The Company believes that trade protectionism only harms fair competition in the market, hinders the development of the entire PV industry, and hurts PV consumers.

Mr. Xiande Li, Chairman of JinkoSolar, commented: "After carefully reviewing our EU operations, we believe that the current MIPs no longer accurately reflect the current market price environment given that average selling prices ("ASPs") in all major EU markets continue to decline, and seriously erode our competitiveness in those markets. We feel our competitiveness and market power were being unfairly hampered and have opted to withdraw from the UT agreement. We believe that we will be in a better position to leverage our strong brand name, industry-leading technology, global production facilities, and large customer base once we withdraw from the UT agreement. We remain committed to our European customers and will continue to supply them with the high quality, reliable products we have become synonymous with."

SHANGHAI, Aug. 31, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that it has supplied 5 MW of solar modules to TSK Electronica y Electricidad, S.A. ("TSK"), for use in the Shagaya Renewables Park PV Power Plant, the first integrated renewable project located in Kuwait

Kuwait's Ministry Of Energy and Water owns this 10 MW PV project made up of 5MW of thin film and 5 MW of PV modules. The project is expected to be completed by September 2016 and will generate over 9624 MWh of clean energy annually.

"We are pleased to join another successful project in a new emerging market with TSK, "commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar, "The Arab states of the Persian Gulf market is growing very fast. The Kuwaiti government is targeting to have solar energy account for 15% of total energy consumption by 2030, which is not an individual case there. We will leverage our industry-leading position and expertise to meet the growing needs of the region."

SHANGHAI, Aug. 26, 2016 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that JinkoSolar Technology SDN BHD ("JinkoSolar Malaysia"), a subsidiary of the Company, has signed a USD25 million combined tradeline agreement with Malayan Banking Berhad ("Maybank"). This financing will be used to support JinkoSolar Malaysia's trade finance and working capital.

"As the largest commercial bank in Malaysia, their tradeline will not only provide our Malaysian production facility with added financial flexibility, but also it will help our business expansion there," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "Leveraging our capacity in Malaysia, we are committed to serve our local and global customers, and look forward to developing a deeper relationship with Maybank going forward."

Second Quarter 2016 Financial Results

• Total revenues were RMB5.96 billion (US$896.1 million), representing an increase of 8.9% from the first quarter of 2016 and 86.1% from the second quarter of 2015.
• Non-GAAP basic and diluted earnings per ADS were RMB13.44 (US$2.04) and RMB12.72 (US$1.92), respectively, in the second quarter of 2016.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer, commented, "I am pleased to announce another strong quarter. Module shipments reached a record high of 1,716 MW, exceeding the high end of our guidance. Total revenues reached US$896.1 million, an increase of 86.1% over the same period last year. We expect global demand to remain robust despite recent industry headwinds and are confident that we will be able to carry this strong growth momentum throughout the second half of the year."

"Electricity output from our domestic projects improved substantially to 327 GWh, an increase of 55.8% sequentially while generating RMB285 million in revenue. This solid increase was mainly due to a number of our projects ramping up to full capacity, increased seasonal sunlight hours, and reduced curtailment in China's western regions. We remain on track to hit our project development guidance with the addition of 123 MW of projects this quarter, bringing our total project capacity to 1,130 MW as of June 30, 2016. We continue to work on spinning off our downstream business, which we believe has enormous potential in the long-run to maximize shareholder value and deleverage our balance sheet from this asset-heavy business."

"Demand during the quarter was strong, especially from the US and China which accounted for the majority of our shipments. While the industry is facing a challenging period, we have already built a strong book of orders for the second half of 2016. Demand in China is expected to soften in the third quarter due to the June 30th FiT cut but is expected to pick up again in the fourth quarter of 2016. The geographic mix of our shipments is also expected to balance out during the second half of this year with other markets such as Latin America, India and Japan expected to grow rapidly."

"In China, we are actively participating in Top Runner Program and PV Poverty Alleviation Program projects to counter the effects of the declining traditional utility- scale market. We became the first PV company to receive the China Quality Certification Center's level-one energy efficiency certification for both mono and multi-crystalline PV products for the Top Runner Program, another demonstration of the traction our products have in the market given their high-efficiency and reliability. We continue to expand our PERC production lines and have made solid progress in developing our black-silicon technology. We are also working to combine these two technologies to further increase the efficiency and reliability of our products."

"We update our guidance for year-end manufacturing capacity to 4.5GW, 3.7GW, and 6.5GW for wafers, cells and modules, respectively. The increase is mainly as a result of increased wafer production for usage of our PERC-line products."

"I am confident in our ability to execute our strategy and deliver long-term sustainable growth despite a challenging global environment. We view these challenges as opportunities for us to further improve ourselves as we work to increase value for our shareholders."

SHANGHAI, July 15, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., has signed amendments to the credit agreement with Wells Fargo Capital Finance, a division of Wells Fargo Bank ("Wells Fargo") to increase its credit limit to $60 million from $40 million with a three year term.

"This is the second time we have raised our credit limit with Wells Fargo in the past years," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "We look forward to working closely with Wells Fargo to further expand our business in the U.S and across the globe."

SHANGHAI, July 15, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., has signed amendments to the credit agreement with Wells Fargo Capital Finance, a division of Wells Fargo Bank ("Wells Fargo") to increase its credit limit to $60 million from $40 million with a three year term.

"This is the second time we have raised our credit limit with Wells Fargo in the past years," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "We look forward to working closely with Wells Fargo to further expand our business in the U.S and across the globe."

SHANGHAI, July 13, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the photovoltaic (PV) industry, today announced that JinkoSolar Japan K.K. ("JinkoSolar Japan"), a subsidiary of the Company, has signed a one-year JPY2 billion syndicated loan agreement with a bank consortium led by Sumitomo Mitsui Banking Corporation ("SMBC") and includes Mizuho Bank, Ltd., the Tokyo Branch of the Industrial and Commercial Bank of China (ICBC) and NEC Capital Solutions Limited. The financing will be used to supplement JinkoSolar Japan's working capital.

"We are delighted to secure financing from a local bank consortium in Japan that will allow us to pursue opportunities in Japanese market," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "It also demonstrates the trust and recognition that first-tier Japanese commercial banks have in our brand and operations in Japan. We look forward to further deepening our relationship with SMBC and other local banks as we expand our business there."

TIANJIN, China, July 5, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, participated in the World Economic Forum on June 26 as the only solar PV manufacturer. A representative from the company was one of only three speakers invited to deliver a speech about "Innovative Green Finance to Support the Sustainable Development of Renewable Energy".

From June 26-28, the 2016 Summer Davos was held in Tianjin, China, with the theme "The Fourth Industrial Revolution and Its Transformational Impact". Chinese Prime Minister Li Keqiang, together with 90 government representatives and over 1,700 guests were invited to Tianjin to discuss "Redesigning Systems, Rethinking Innovation and Reshaping Growth".

China and other developing countries urgently need to transition toward a green and sustainable growth model which calls for the establishment of a systematic finance mechanism that channels private capital investments to the green industries.

There are several efforts to achieve this, among which the most critical is to increase the return on investment of green projects by lowering financing costs and enhancing the availability of funds (through such means as discounted interest rates, green bonds, green loans, green credit and asset backed securitization, green insurance, green IPO, green ratings, and carbon trading).

From a perspective of a renewable energy provider, JinkoSolar would like to take this opportunity to propose recommendations in four areas, according to the problems and challenges we faced in the real world.

Green bonds
Green loans and credit
Green IPOs
Green securities market instrument
Innovative financing tools
Carbon markets
A green investor network
An information sharing mechanism
Enhanced legislation and law enforcement to guarantee subsidiary/incentive policy implementation to minimize regulatory risks.

First Quarter 2016 Financial Results

• Total revenues were RMB5.47 billion (US$847.8 million), representing a 10.0% decrease from the fourth quarter of 2015 and an increase of 98.8% from the first quarter of 2015.
• Non-GAAP basic and diluted earnings per ADS were RMB13.20 (US$2.04) and RMB11.20 (US$1.72), respectively, in the first quarter of 2016 vs. last years same quarter of RMBof 5.52 (US$1.16) and RMB5.36 (US$1.19).

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We began the year very strongly with total module shipments reaching 1,600 MW, ranking us as the biggest module supplier among our peers during the first quarter. Next month marks our 10-year anniversary and I couldn't imagine a better way to celebrate this milestone. We began our journey from humble beginnings and sustainably built our way into a globally recognized brand having shipped a total of 13 GW to more than 1,700 customers in over 70 countries and regions since then. We have always prided ourselves on our conservative and sustainable approach to building our business, and I am confident that we will be able to continue generating long-term return for our shareholders."

"Global solar demand continues to grow as costs go down. China remains our biggest market with a number of big orders continuing to come in, a trend we believe will continue in the second quarter. Our market share in the US continued to expand. Although the ITC extension resulted in some projects being postponed, we are confident in our ability to hit our shipment targets to the US for the year with our overseas production facility providing extra flexibility and higher margins. The increasing recognition of our brand name is also generating great opportunities in exciting emerging markets such as Chile, Thailand and India."

"Electricity output from our solar projects reached 210 GWh, up 36.4% sequentially while generating RMB185 million in revenue. The increase was mainly attributable to newly-completed solar power projects ramping up to full capacity in the first quarter of 2016, which was adversely affected by continued curtailment of projects in western China. We expect power output to improve substantially in the second quarter as the impact from curtailment is reduced and more projects are ramped up to full capacity. We remain on track to hit our project development guidance for the year."

"We were awarded three solar PV projects totaling 188 MWac in Mexico during the quarter, marking it our first expansion into overseas project development. I believe this demonstrates the strength our brand name, technology and financial capabilities have in overseas markets. With a first big tender win under our belt, we will continue to work with our global partners to closely monitor overseas project development opportunities."

"I have always been confident in our long-term growth prospects and the solar industry as a whole, and I am pleased to see such a strong start to the year. We will continue to focus on strengthening our position as an industry leader and generating profits for our investors."

Operations and Business Outlook

Second Quarter and Full Year 2016 Guidance

For the second quarter of 2016, the Company estimates total solar module shipments to be in the range of 1.6 GW to 1.7 GW, which includes 1.45 GW to 1.6 GW module shipments to third parties. Revenues will not be recognized for the modules shipped to the Company's own downstream projects as required by U.S. GAAP.

For the full year 2016, the Company estimates total solar module shipments to be in the range of 6 GW and 6.5 GW which includes 5.4 GW to 5.7 GW module shipments to third parties. Full year newly-added solar power project development scale is expected to be in the range of 600 MW to 800 MW.

SHANGHAI, May 25, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that it has supplied 122 MW to Pattern Energy Group LP ("Pattern Development"), for its Conejo solar project in Chile. Pattern Development, a US-based independent power producer, will also be the owner of this project.

Located in the municipality of Taltal, in the Antofagasta region of northern Chile, the Conejo project is one of the largest solar power projects in Chile. The project has signed a 22-year power purchase agreement with Minera Los Pelambres, an affiliate of Antofagasta Minerals, and will be connected to the Sistema Interconectado Central transmission system. The project is expected to be completed in the second half of 2016 and will cover approximately 65% of Los Pelambres' electricity demand.

"Our relationship with Pattern Development further strengthens our leading position in this important emerging market," Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar commented. "It is another demonstration of our world-class capabilities and service to our international customers. We look forward to leveraging our expertise and working with more solar project industry leaders in the future."

SHANGHAI, May 18, 2016 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it has repaid the entire remaining balance of its 4.00% Convertible Senior Notes due on May 15, 2016. The total cash redemption, including the Principal, accrued interest up to and including May 15, 2016, totaled USD 47,940,000.

"With this final payment, we have further strengthened our balance sheet and increased our operational flexibility," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "We will continue to focus on deploying our healthy cash flows towards areas that will generate long-term shareholder value."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (JKS) is a global leader in the solar industry. 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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 3 GW for silicon ingots and wafers, 2.5 GW for solar cells, and 4.3 GW for solar modules, as of December 31, 2015. JinkoSolar also sells electricity in China, and had connected approximately 1,006.6 MW of solar power projects to the grid, as of December 31, 2015.

JinkoSolar has over 15,000 employees across its 5 productions facilities in Jiangxi and Zhejiang Provinces, China, Malaysia, Portugal and South Africa, 12 global sales offices in China, Spain, the United Kingdom, the United Arab Emirates, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Brazil, Costa Rica and Mexico and 11 oversea subsidiaries in Germany, Italy, Switzerland, the United States, Canada, Australia, Singapore, Japan, India, South Africa and Chile.

SHANGHAI, May 10, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., has entered into a Master Purchase Agreement with CivicSolar, Inc. ("CivicSolar"), a leading national full service solar distributor in the U.S.

Under the terms of the agreement, JinkoSolar has been selected by CivicSolar as a Preferred Module Partner and will account for 25% of CivicSolar's module sales. CivicSolar is currently offering JinkoSolar's Eagle (PID-free) and MX (optimized) modules to its customers. JinkoSolar's Eagle modules protect against potential induced degradation (PID) loss and allow installers to use transformerless inverters. The MX modules have three optimizers in the junction box performing cell string maximum power point tracking (MPPT), which improve tolerance to soiling and shading and enable more compact system designs. Both panel types offer superior energy harvest.

"CivicSolar is thrilled to be working with JinkoSolar, a company committed to offering technology tailored to fit our customers' needs," said Stuart Rentz, President of CivicSolar. "JinkoSolar's product reliability and commitment to on-time delivery are reasons why we have selected them as our Preferred Module Partner."

"JinkoSolar has made the distribution market one of its priorities and is excited to announce this agreement with an established national player like CivicSolar," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "Our Eagle and MX modules will support CivicSolar's existing customers and attract new ones."

SHANGHAI and WILMINGTON, Del., April 27, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that its 1500-volt Eagle PV modules, manufactured with its strategic partner DuPont's™ Tedlar® polyvinyl fluoride (PVF) film-based backsheets, have received UL1703 certification by Underwriters Laboratories (UL). Following certification, the modules have immediately become available for use in solar energy installations across North America. With its modules now in the market, JinkoSolar will be able to meet the growing demand for higher-voltage systems, which lower overall costs, reduce levelized cost of energy, and enable a better return on investment.

JinkoSolar's 1500-volt Eagle modules pass potential induced degradation tests at 85 degrees Celsius and 85% relative humidity and are protected by DuPont™ Tedlar® PVF film-based backsheets. The Eagle module is a framed panel compatible with commonly used racking and tracking systems in the North America market. DuPont™ Tedlar® is the only backsheet material proven to protect solar panels in the field for more than 30 years in harsh environmental conditions such as desert, jungle, coastal, and mountain climates.

"DuPont™ Tedlar® PVF film-based backsheets offer the optimal balance of weatherability, adhesion, and mechanical strength--properties required for long module lifetime. They provide extended durability and electrical insulation, which make them ideal components for JinkoSolar's 1500-volt Eagle modules, now poised to accelerate the growth of the North American PV market," said Alex Bradley, Principal Investigator, DuPont Photovoltaic Solutions.

"JinkoSolar has quickly become the brand of choice for utility-scale installations due to our high quality modules and unmatched after sales services. I believe that JinkoSolar's 1500-volt Eagle modules are by far one of the most robust products in the North American market, especially with DuPont™ Tedlar® backsheets. These high quality modules are yet another step in our effort to provide customers with the best technology and proven, reliable, and cost-effective products," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc.

SHANGHAI, April 13, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it has won 3 solar PV projects totaling 188 MWac in Mexico as part of the country's first long-term electricity auction since the implementation of energy reforms. JinkoSolar will develop and build the solar power plants.

Two of the projects are located in Yucatán and one in Jalisco. They are expected to reach commercial operation by mid-2018 where all electricity generated will be sold to Mexico's Federal Electricity Commission (Comisión Federal de Electricidad, or "CFE") under a power purchase agreement for a 15 year period, as well as the related clean energy certificates for a 20 year period. The expected total generation of the three projects is over 500 GWh/year and will reduce CO2 emissions by about 200,000 tons/year.

"I am pleased to have been awarded these large scale projects in Mexico, a milestone in JinkoSolar's expansion into overseas projects and its development as a global leader in the solar industry," commented Mr. Xiande Li, Chairman of JinkoSolar. "I believe this demonstrates our brand name recognition, technological strength and financial capabilities in overseas markets. We are eager to jointly work with CFE and CENACE (Centro Nacional de Control de Energía) to develop renewable energy in Mexico. We look forward to leveraging this win to further increase our growth momentum in Mexico and other emerging solar markets as we continue to seek project development opportunities in other markets."

SHANGHAI, April 1, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it will supply METKA-EGN USA LLC ("METKA-EGN ") with 57.65 MW of PV solar modules for the largest solar PV plant in Puerto Rico.

JinkoSolar will deliver the 57.65 MW of PV solar modules for the project located in the municipality of Isabela, Puerto Rico. The Owner of the project is Oriana LLC, a subsidiary of Sonnedix USA Limited, and a member of the Sonnedix group of companies. JinkoSolar has collaborated with METKA-EGN on several different projects in various markets across the globe.

"METKA-EGN is one of our most important European EPC clients and we are very happy to expand our partnership into other growth regions of the world. Global strategic partnerships like this one with METKA-EGN, one of the leading EPC players in the world, forms a cornerstone of JinkoSolar's global success story", said Mr. Frank Niendorf, General Manager JinkoSolar Europe.

"METKA-EGN is pleased to collaborate with JinkoSolar on the completion of the largest solar PV project in Puerto Rico. We look forward to cooperating with JinkoSolar's professional and dedicated team again on future projects," commented Mr. Nikos Papapetrou, CEO of METKA-EGN.

SHANGHAI, March 9, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it has supplied 24.5 MWp of solar modules to Gransolar, a specialist construction company focused on renewable energy projects.

JinkoSolar has supplied 80,075 high-efficiency polycrystalline modules for two PV solar projects. Both projects will be managed by the Public Service Company of New Mexico ("PNM"), the state's largest electricity provider. Located west of Albuquerque in Bernalillo, the PNM Santolina Solar Energy Center is the larger of the two solar projects consisting of 10.5 MWac. The remaining 9.5 MWac will be used in the PNM Santa Fe County Solar Energy Center located south of Santa Fe, the state capital. 

"The JinkoSolar U.S. team is thrilled to have the opportunity to work with Gransolar, a loyal and valued Europe-based customer, on two projects in New Mexico," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "The expansion of our partnership with Gransolar in the US is an example of JinkoSolar's strong global presence, and our company's dedication to our customers around the world."

Fourth Quarter 2015 Financial Results

• Total revenues were RMB6.07 billion (US$937.7 million), representing an increase of 49.9% from the third quarter of 2015 and an increase of 104.4% from the fourth quarter of 2014.
• Diluted earnings per American depositary share ("ADS") were RMB10.92 (US$1.68), compared with RMB3.12 in the third quarter of 2015 and RMB3.12 in the fourth quarter of 2014.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "I am pleased to report a strong finish to the year with record high total module shipments and revenue. Total module shipments reached 1,709.9 MW during the quarter which resulted in total revenues of US$937.7 million, an increase of 104.4% over the same period in 2014. This translates into module shipments for the entire year of 4,511.6 MW, and total revenues of US$2.48 billion. Global demand remains strong, especially in key solar markets, which gives us good visibility for the entire year and leaves us very confident about our future prospects."

"Our downstream business remains a key focus of ours as we continue to work on building its long-term viability and sustainability. Electricity output during the fourth quarter of 2015 reached 154.4 GWh, down 34.0% sequentially while generating RMB136.3 million in revenue. We connected 161 MW of solar power projects to the grid during the fourth quarter which brings our total capacity of connected projects to 1,006.6 MW as of December 31, 2015. Aside from the effects of seasonality, power output was impacted by the curtailment of projects in China's western regions and strong rainfall in eastern regions. A number of events beyond our control such as delays in subsidy catalog update and a prolonged grid-connection process made us fall short of our connection target for the year but we are confident in our ability to rapidly make up for this shortfall this year. We are now accelerating the spin-off process to maximize shareholder value."

"The depreciation of the RMB over the past half year has caused considerable turmoil in the global markets. We have been increasing our hedge ratio to ensure that its impact on our business remains limited. Despite recent economic volatility, we remain positive on China's long-term development given that we just entered the first year of the new national five-year plan which is expected to further deepen structural supply-side reforms."

"Global demand for solar energy continues to grow steadily. We remain the market leader in China where growth and demand is expected to be strong and more balanced this year. With the extension of ITC, the biggest market uncertainty has been removed in the US which provides us with good visibility on market stability well into 2018. ASPs in major markets are expected to further stabilize during the first quarter of 2016 as demand grows. We remain cautious about the expansion of production capacity, but with demand growing sharply, we have plans in place to expand our manufacturing capacity to meet our minimum market demand expectations."

"In conclusion, we finished off the year on a very strong footing with record shipments and revenues that demonstrate the efficiency of our operations and value that our customers all over the world place on our brand and products. Our focus on maintaining the highest quality standard in the industry allows us to provide our customers with reliable, high-efficiency PV products regardless of where they are based. I am confident about our growth prospects as we continue to deliver long-term value to our shareholders."

Operations and Business Outlook

First Quarter and Full Year 2016 Guidance

For the first quarter of 2016, the Company estimates total solar module shipments to be in the range of 1.3 GW to 1.4 GW, which includes 1.2 GW to 1.3 GW module shipments to third parties. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.

For the full year 2016, the Company estimates total solar module shipments to be in the range of 6 GW and 6.5 GW which includes 5.4 GW to 5.7 GW module shipments to third parties. Full year newly-added solar power project development scale is expected to be in the range of 600 MW to 800 MW.

SHANGHAI, Feb. 22, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., will begin offering residential solar financing to its customers through the GreenSky® Program ("GreenSky") in the U.S.

Installers who purchase JinkoSolar PV modules can now register to use GreenSky's competitive loan program and its technology platform, which includes a mobile application to help installers get homeowners approved in a process that is paperless, fast, and easy. There will also be a call center to help installers or homeowners with any questions. Uniquely, JinkoSolar's installers can receive progress payments on each installation, creating better cash flow and an opportunity to tackle more jobs.

"Our mission aligns nicely with GreenSky's mission. We seek to help our installers grow and delight their customers," said Jeff Juger, Director of Business Development of JinkoSolar (U.S.) Inc. "Many installers are technically proficient but lack the financing options that appeal to homeowners. This program will give our installers a competitive edge, as homeowners increasingly look to own their own solar systems. In all, we believe this offer will allow installers to earn more business and homeowners to put solar cost-effectively on their rooftops."

"As one of the largest home improvement loan programs in the country, we have worked with some of the largest retailers and name brand manufacturers in the U.S. We vet our partners carefully and think that JinkoSolar's quality and operations records speak for themselves," said Jeffrey Gold, Senior Vice President of Account Management at GreenSky. "We have already financed $600 million in solar systems and are excited to work with JinkoSolar to make clean electricity more affordable to Americans."

SHANGHAI, Jan. 26, 2016 /PRNewswire/ JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it has entered into an agreement to supply up to one gigawatt (GW) of solar PV modules to sPower, a leading US independent power producer (IPP) company.

This agreement is JinkoSolar's largest contract in the United States to date. JinkoSolar will supply over three million of its high efficiency solar PV modules to sPower for use in various projects that are to be built before the end of 2016.

sPower develops solar and wind energy projects across the United States and the UK for several years, including utility-scale solar projects in California. The company recently announced the doubling of its operating portfolio in 2015 to 500 MW and plans to bring an additional 700 MW on line within the next twelve months.

"JinkoSolar is proud to be sPower's strategic partner, a key player in the US solar development market," commented Mr. Nigel Cockroft, General Manager of JinkoSolar US. "This agreement is evidence of the reliability of JinkoSolar's operation and competitiveness of its advanced module technology. This deal affirms that JinkoSolar has quickly become one of the leading solar panel suppliers in the US."

"The timing of the agreement is significant in light of the recent extension by the US Federal Government of Investment Tax Credits for utility-scale solar development", said Ryan Creamer, sPower CEO. "Strategic sourcing is an element of sPower's plan to secure resources in order to ensure that we successfully achieve our aggressive development goals."

• Total revenues were RMB4.1 billion (US$637.6 million), representing an increase of 26.6% from the second quarter of 2015 and an increase of 58.2% from the third quarter of 2014
• Non-GAAP basic and diluted earnings per ADS were RMB8.12 (US$1.28) and RMB6.52 (US$1.04), respectively, in the third quarter of 2015.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "I am excited to report another strong quarter as our business gained considerable growth momentum. Total revenues during the third quarter reached US$637.6 million, representing an increase of 58.2% over the same period in 2014 and 26.6% sequentially. Module shipments to the third parties reached a record high of 1064 MW, which once again exceeds the high end of our third-party shipment guidance. With increasing demand for our high-quality solar products, we are raising our full year 2015 third party module shipment guidance from the current 3.4 GW to 3.7 GW, to 3.8 GW to 4.0 GW." 

"During the third quarter, electricity output reached 2.4 GWh, up 15.1% sequentially. Electricity revenues generated RMB205.8 million. 121 MW of JinkoSolar projects were connected to the grid during the quarter which brings our total capacity of connected projects to 846 MW. This leaves us right on track to meet our 600-800 MW target for the year. This higher-margin downstream business increasingly generates a larger share of our revenues and profits as it develops in size and scale. The rapid growth of our downstream business is supported by diversified financing channels including the RMB10 billion strategic line of credit agreement JinkoPower recently signed with the Industrial and Commercial Bank of China, China's largest commercial bank. This new line of credit will be used to provide us with working capital as well as bridge and project loans for future project development."

"Earlier this year, we made strategic plans for a surge in global demand during the second half year by pre-emptively increasing inventory levels. This strategy is now paying off as it provides us with flexibility to balance between shipments to third-party customers and our downstream business as well as good visibility on next year's orders."

"This quarter's performance along with what we expect will be a strong fourth quarter, leave me very confident in our ability to deliver strong full-year results and further grow our sustainable business. With a large and geographically diverse customer base, industry-leading technology, long-lasting relationships with financial institutions and new growth drivers, we are building a foundation for sustainable growth in the years to come and will deliver long-term return to our shareholders"    

Fourth Quarter and Full Year 2015 Guidance

For the fourth quarter of 2015, the Company estimates total solar module shipments to be in the range of 1.4 GW to 1.7 GW, which includes 1.2 GW to 1.4 GW module shipments to third parties. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.

For the full year 2015, the Company updates the guidance of total solar module shipments to 4.2 GW to 4.5 GW which includes 3.8 GW to 4.0 GW module shipments to third parties. The Company expects to grid-connect solar power projects with a total capacity of 600 MW -- 800 MW in 2015.  

SHANGHAI, September 30, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the solar photovoltaic (PV) industry, announced today that it had agreed, subject to court approval, to settle the previously disclosed class action lawsuit brought in 2011 on behalf of all purchasers of JinkoSolar's American Depositary Shares (NYSE:JKS) between May 13, 2010 and September 20, 2011. The settlement, if approved, will also resolve all related claims against JinkoSolar's officers and directors as well as the underwriters involved in JinkoSolar's public offerings during the relevant period.

Under the terms of the proposed settlement, the members of the proposed class will receive a settlement fund of $5.05 million, less any court-approved fees. JinkoSolar will contribute a portion of the settlement fund, and JinkoSolar's insurers will fund the remaining portion. JinkoSolar will not take any charge in connection with the settlement.

The plaintiffs had alleged, among other things, that certain of JinkoSolar's filings with the U.S. Securities and Exchange Commission contained misrepresentations about the extent of its compliance with environmental regulations in China. JinkoSolar has denied, and continues to deny, the allegations and is entering into this settlement solely to eliminate the uncertainty, burden and expense of further protracted litigation.

The proposed settlement will be reviewed by Judge J. Paul Oetken of the federal court in New York, where the lawsuit is pending. Further information concerning the details of the settlement are available from the court's docket, Marco Peters v. JinkoSolar Holding Co., Ltd., et al., No. 11 Civ. 7133 (JPO) (U.S. District Court, Southern District of New York).

SHANGHAI, China, September 28, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the solar PV industry, today announced that it will supply TSK Electrnica y Electricidad, S.A. ("TSK") with 49.8MW of PV solar modules for the largest solar PV plant in Mexico.

Located in the State of Durgango, the solar PV plant ("Durango TAI") is the first PV solar plant in Mexico to be connected to the National Power System. Durango TAI is currently in the second stage of construction of phase one. The total five phases of 49.8 MW is expected to be completed this year. Eosol Energy de Mexico, S.A.P.I. de C.V. ("Eosol") is Durango TAI's developer and TSK will be managing the project.

"We are glad to cooperate with Eosol and TSK on Mexico's largest solar PV plant," commented Mr. Xiande Li, Chairman of JinkoSolar, "This milestone project was carried out thanks to the reliability, knowhow and the synergy among all partners involved. We look forward to collaborating with Eosol and TSK on future projects."

SHANGHAI, September 16, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the photovoltaic (PV) industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., has entered into an agreement with Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, to create a new PV bundle for U.S. commercial & industrial customers.

The bundle, which consists of a JinkoSolar module and an Enphase® Microinverter System, will give clients access to add on the Enphase 100% System Availability Guarantee O&M service program from Enphase Energy Services (EES). JinkoSolar is the first module manufacturer to receive 100% coverage through EES' comprehensive O&M solution: customers are compensated for covered downtime of module or microinverter. The JinkoSolar-Enphase Commercial PV Bundle with EES is expected to maximize project revenue and protect customers' investment through EES' O&M services by providing higher system availability, reduced installation time, and easier system design.

"Enphase is dedicated to establishing unprecedented standards for the solar industry," said Mr. Martin Rogers, Vice President, Global Service and Support at Enphase. "JinkoSolar's proven record of product quality and reliability makes them an excellent partner for this O&M program, and we believe this solution will further validate solar as a solid financial investment."

"JinkoSolar and Enphase both share a similar commitment to quality and service. We are excited to offer this joint solution to commercial & industrial customers seeking not only the best module, but also the best performing solar systems and the peace-of-mind that systems will continue to perform as promised for 25 years or longer," said Mr. Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc.

SHANGHAI, September 10, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or "the Company"), a global leader in the photovoltaic (PV) industry, today announced the official launch of the JinkoMX module series, incorporating a single chip optimizer from Maxim Integrated Products, Inc. ("Maxim").

JinkoSolar has completed UL certification for this module series, which will generate more electricity than standard modules under most non-ideal real world conditions. JinkoSolar is the first PV module manufacturer offering mass production of this technology for the US solar market.

JinkoSolar integrated optimizers into the module's junction box, thereby performing maximum power point tracking (MPPT) separately on each cell string. The distributed MPPT architecture affords improved tolerance to soiling and shading, enabling denser system designs in rooftop and ground-mount systems. Because the optimizers are embedded in the junction box and use no additional hardware, there is no operational or installation labor impact, making the cost lower than previous electronically optimized solutions.

"We are proud to debut this product with JinkoSolar as our two companies strongly believe in a bright future for solar energy anchored by technology innovation, performance and reliability," said Mr. Seth Kahn, Executive Director, Solar Products, Maxim.

"We pride ourselves in giving customers the best tools to compete in the solar market," said Nigel Cockroft, Mr. General Manager of JinkoSolar (U.S.) Inc. "JinkoSolar has earned a reputation as a solution-oriented PV manufacturer in the US market. We believe that the JinkoMX module is another example of the company's commitment to bringing beneficial solutions to US customers and enables higher yield, longer lasting PV systems."

SHANGHAI, September 10, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that JinkoSolar Power Co., Ltd. ("Jinko Power"), a subsidiary of the Company, has signed a line of credit of up to RMB10 billion strategic agreement with the Industrial and Commercial Bank of China ("ICBC") Jiangxi Provincial branch.

According to the terms of the agreement, ICBC Jiangxi Provincial branch will provide Jinko Power line of credit of up to RMB10 billion within three years. The financial instruments will include but are not limited to working capital loans, supply chain financing loans, and project loans. The final amount drawn will depend on Jinko Power's projects financing needs.

"Working with ICBC, the largest commercial bank in China, once again demonstrates the confidence that leading financial institutions have in our brand as well as our project development potential," commented Mr. Xiande Li, Chairman of JinkoSolar. "This financial support will further enhance Jinko Power's project development capabilities. With the support of government policy and the booming of project development in China, we're glad to see more commercial banks entering the downstream solar market. We think highly of cooperating with ICBC and hope to develop more high-quality power plants and eventually repay our investors and society by producing more clean energy."

Partners to Offer PACE Financing to Residential and Commercial Customers

SHANGHAI, September 2, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) ("JinkoSolar"), a global leader in the photovoltaic ("PV") industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., ("JinkoSolar US") has entered into an agreement with Ygrene Energy Fund, Inc. ("Ygrene"), to integrate JinkoSolar's high quality solar modules into Ygrene's PACE (property assessed clean energy) financing program, YgreneWorks^TM, for residential and commercial PV systems in the United States.

The Jinko-Ygrene partnership offers zero-down, 100% project financing to homeowners and business owners who want to own solar systems. Eligibility is not based on credit score and property owners will receive full access to the 30% federal solar Investment Tax Credit. Contractors benefit from Ygrene financing because they are paid immediately after property owner sign-off at project completion.

"We are pleased to select JinkoSolar as a Preferred Module Partner, combining Ygrene's low cost financing with modules that have a reputation for the highest quality and reliability," noted Mike Cary, Chief Operating Officer of Ygrene. "Ygrene has approved over $400 million in energy efficiency upgrade projects, and this partnership will help us offer customers low-cost solar solutions while helping cities and counties increase levels of renewable energy."

"Innovative PACE financing is a major opportunity for growth in residential and commercial sales, so we are excited to offer this joint program with Ygrene, as we continue to expand our footprint in the US," said Mr. Nigel Cockroft, general manager of JinkoSolar (U.S.) Inc. "We believe the Jinko-Ygrene program offers the customer an optimal path to ownership of solar systems."

 Second Quarter 2015 Financial Results

Total revenues were RMB3.2 billion (US$516.2 million), representing an increase of 16.4% from the first quarter of 2015 and an increase of 31.6% from the second quarter of 2014.

Diluted earnings per American depositary share ("ADS") was RMB2.40 (US$0.40), compared with RMB1.60 in the first quarter of 2015 and RMB4.04 in the second quarter of 2014.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We had an overall strong quarter as we continue to build a diversified foundation for long-term sustainable growth. We are efficiently executing our strategy across all segments of our business as we benefit from the strong growth momentum gained by expanding our module and downstream businesses. Total revenues during the second quarter reached US$516.2 million, representing an increase of 31.6% over the same period in 2014 and 16.4% sequentially. Module shipments to third parties reached 823 MW, exceeding the high-end of our third party shipment guidance for the second quarter in a row."

"Solar power output during the second quarter also exceeded our expectations by reaching 203 GWh, up approximately 75.8% sequentially while generating RMB177.9 million in revenue. With the seasonal effects of Chinese New Year behind us and new projects ramping up to full capacity, we expect this higher-margin business to generate an increasing share of the profits during the second half of 2015."

"We connected 108 MW of solar projects to the grid during the quarter which brings the total capacity of connected projects to 725 MW, and are on track to hit our target of 600 MW - 800 MW of connected capacity in 2015."

"Global solar demand remains robust, allowing us to build upon our leadership position in a number of key and new emerging markets. We are well positioned in China as the market leader to benefit from the expected strong demand during the second half of 2015.We also made substantial progress in the U.S. where shipments increased by 115% sequentially, In the Asia Pacific region, we increased our market share substantially in Thailand. Shipments to Japan and the UK returned to normal levels following the year-end rush last quarter but still remain very active and show promising signs of growth. Turkey and Switzerland in the non-EU region as well as emerging market such as Brazil and Chile all show great potential. We continue to seek new opportunities as we diversify our customer portfolio and geographic presence"

"Our rapid business growth is supported by diversified financing channels at both the corporate and project levels. At the corporate level, in addition to our existing close relationships with domestic commercial banks, we secured loans from The Export-Import Bank of China for our Malaysian production facility and doubled JinkoSolar US's credit limit with Wells Fargo. On the project level, we secured large project credit lines from Mingsheng Bank and Ping An Bank as we strengthen our financing capabilities with additional financial institutions. Such strong support from financial institutions demonstrates their confidence in our ability to execute our growth strategies across different businesses and geographies."

"In conclusion, I am pleased with the progress we made across the entire business. The support we are receiving at both corporate and project levels from our diversified financing channels will continue to serve as the foundation for our sustainable long-term growth. Combined with the steady expansion of our downstream business, industry-leading technology and diversified geographic presence, we believe that our growth prospects look increasingly promising."

Third Quarter and Full Year 2015 Guidance

For the third quarter of 2015, the Company estimates total solar module shipments to be in the range of 1 GW to 1.1 GW, which includes 900 MW to 950 MW module shipments to third parties and 100 MW to 150 MW for its own downstream projects. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.

For the full year 2015, the Company raises the guidance of total solar module shipments to 4.0 GW to 4.5 GW which includes 3.4 GW to 3.7 GW module shipments to third parties. The Company expects to grid-connect solar power projects with a total capacity of 600 MW - 800 MW in 2015.

SHANGHAI, August 3, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has signed a US$62 million plus RMB50 million loan agreement with The Export-Import Bank of China. ("TEIBC")

According to the terms of the agreement, the US$62 million loan will be used to support long-term fixed assets and mid-term working capital for JinkoSolar's production facility in Malaysia, while the RMB$50 million loan will be used to support near-term working capital for the Malaysia facility. The Company has already drawn down the US$62 million loan.

"This agreement reflects the vote of confidence from TEIBC in our brand and our overseas expansion strategy," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "Our production facility in Malaysia has been performing well since it began operations in May and now it is nearly operating at full capacity after ramping up for the past two months. We have already started delivering previously secured orders. We look forward to taking advantage of our new overseas capacity to further strengthen our brand and enhance our competitiveness in the global PV market, and meanwhile improve our capabilities to deliver world-class products to our customers around the world."

SHANGHAI, July 28, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that JinkoSolar Power Co., Ltd. ("Jinko Power"), a subsidiary of the Company, has signed a three-year RMB3 billion line of credit agreement with Ping An Bank Co., Ltd. ("PAB"). PAB's financing will be used to support Jinko Power's PV project developments.

According to the terms of the agreement, the line of credit is RMB3 billion for three years. The first loan of RMB630 million has been withdrawn and will be used to support the development of PV solar power plant projects in Inner Mongolia, Guangdong province, and Zhejiang province.

"As the PV power market in China continues to mature, we have seen an increasing number of commercial banks, following policy banks, entered solar downstream. As a leading player in the domestic market, JinkoSolar's leading position and strength has been recognized by a growing number of financial institutions." Mr. Xiande Li, Chairman of JinkoSolar, commented, "This agreement, following our banking facility agreements with China Development Bank and China Minsheng Bank, is another credit facility that we have signed with a first-tier bank to finance our downstream projects. We believe this agreement once again reflects the vote of confidence from leading financial institutions in our brand as well as our project development potential. Strong financial support will effectively enhance our sustained development capability, and reinforce our leading position in the domestic PV downstream market."

SHANGHAI, July 16, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that JinkoSolar Power Engineering Group Limited ("Jinko Power"), a subsidiary of the Company, has signed a $150 million loan agreement with Credit Suisse AG ("Credit Suisse") and a number of financial institutions. Proceeds from the financing will be used to expand Jinko Power's project portfolio in China and provides funds to expand capacity to 1.4 GW. Credit Suisse acted as sole arranger and led the consortium of investors in the financing.

According to the terms of agreement, Jinko Power will receive an 18-month senior secured term loan totaling $150 million. The lenders will also be granted warrants, which represent no more than approximately 2% of Jinko Power's equity on a fully distributed basis, subject to their terms and conditions.

"We are delighted to receive this strong vote of confidence from global financial institutions in the future of our fast-growing power generation business and our ability to sustainably develop, finance, construct and operate solar power generation projects," commented Mr. Xiande Li, Chairman of JinkoSolar. "This financing further strengthens our position in the Chinese solar power market, supplements Jinko Power's working capital, and significantly expands Jinko Power's project development capabilities. With the additional funds, we are well positioned to benefit from the strong Chinese government support, as it continues to develop the green energy industry and tackle environmental concerns." 

SHANGHAI, June 30, 2015 /PRNewswire-Firstcall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., ("JinkoSolar US"), has signed amendments to the credit agreement with Wells Fargo Bank, National Association ("Wells Fargo"). Under the new terms of the credit agreement, JinkoSolar US's credit limit will be raised to $40 million from $20 million.

"Raising our credit limit indicates Wells Fargo's recognition and confidence in JinkoSolar's financial position," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "As one of the most active financial institutions in US PV investment, Wells Fargo has very strict requirements for the debtors' financial position. While we are expanding our business in the U.S., we are pleased to further strengthen our cooperation with Wells Fargo. We are determined to further expand our overseas financing channels going forward."

SHANGHAI, June 9, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 20MW of PV solar panels to Else Enerji, a leading Turkish EPC company that provides consultancy, planning, engineering, construction, operation and maintenance services for projects in Turkey.

According to the terms of the agreement, JinkoSolar will deliver 20MW of PV modules to Else Enerji by October 2015. Else Enerji majors on solar projects in Turkey and is still growing rapidly.

"This agreement marks another milestone in our expansion into the Turkish market," commented Mr. Frank Niendorf, JinkoSolar's European Sales Director. "We are proud that JinkoSolar and its high-quality modules were selected by Else Enerji, Turkey's leading clean energy company. Else Enerji has the highest quality standards in the Turkish market, which has been used as the basis for their successful market expansion. JinkoSolar and Else Enerji are committed to working together to create a bright future for solar energy in Turkey."

SHANGHAI, June 5, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the"Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has supplied 33.67 MW of PV modules to Rijn Capital for a project in Chile. Rijn Capital is a Chilean renewable energy company that develops, acquires, builds, and operates a portfolio of power generation and transmission facilities. Rijn Capital owns a pipeline under development of nearly 500 MWs of solar PV projects in Chile and was established by Rijn Capital BV (Netherlands).

Successfully completed and connected to the grid in April 2015, the San Pedro III PV Plant Phase I project is located in the Antofagasta Region of northern Chile. The project secured long term financing from CorpBanca, a local commercial bank, with EPC services rendered by EFACEC, the largest electric power group in Portugal. The project uses 110,400 JinkoSolar high-efficiency PV modules that will produce approximately 100GWh of electricity per year.

"As a longtime supplier of electrical equipment and substations, we are proud to cooperate with JinkoSolar and to have provided EPC services for our first solar PV project in Chile," commented Mr. Vitorino Rocha, EFACEC's General Manager of Renewables Business Division. "We believe that this project will not only serve as an example of the application of renewable energy to the rest of the region but also demonstrate EFACEC's commitment to providing quality and customized solutions to each project it works on."

"We are pleased to add EFACEC and Rijn Capital to our growing list of long-term partners," commented Mr. Xiande Li, Chairman of JinkoSolar. "Our customers appreciate JinkoSolar's quality and high level of customer service. We are growing our market share and reinforcing our leadership position in Chile and other emerging PV markets with this project."

SHANGHAI, June 2, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has signed an agreement to supply 80 MW photovoltaic ("PV") modules for distributed rooftop projects to China Southern Power Grid Synthesis Energy Co., Ltd. ("CSE").

According to the terms of the agreement, JinkoSolar will supply 80MW solar modules to CSE for a number of distributed rooftop solar projects located in Guangdong and Hainan provinces. JinkoSolar has already delivered the first shipment of PV modules.

CSE is the subsidiary of China Southern Power Grid ("CSG") which focuses on the development of renewable energy and energy saving. CSG is one of the two largest state-owned electric utility companies in China that invests, constructs and operates power networks in Southern region of China. CSG is heavily involved in the development of clean power generation especially solar power and has become one of the leading distributed solar project developers in South China.

"We are delighted to work with CSE, a company that recognizes JinkoSolar for its product quality and market reputation," commented Mr. Xiande Li, Chairman of JinkoSolar. "We are optimistic about the development of distributed solar projects in China with the strong support from National Energy Administration. With the domestic market in transition from ground-mounted to distributed solar projects, we are glad to work with CSE to jointly promote the development of distributed generation and to optimize energy mix in China.

First Quarter 2015 Financial Results

• Total revenues in the first quarter of 2015 were RMB2.7 billion (US$443.5 million), representing a decrease of 7.5% from RMB3.0 billion in the fourth quarter of 2014 and an increase of 36.5% from RMB2.0 billion in the first quarter of 2014.
• Non-GAAP basic and diluted earnings per ADS were RMB5.52 (US$0.88) and RMB5.36 (US$0.88), respectively, in the first quarter of 2015.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We had another strong quarter with solid growth as we further solidified our leading position in the global solar industry. Total revenues during the first quarter of 2015 reached US$443 million, representing an increase of 36.5% over the same period in 2014. Module shipments to third parties reached 703.5 MW, exceeding the high end of our guidance of 600 MW. As our solar project capacity and pipeline continue to grow and our Malaysia facility begins operations, I am optimistic about new opportunities for the rest of the year."

"Our Malaysia facility commenced operations on May 26, 2015 with the strong support of the local government as part of our globalized manufacturing strategy. The facility has capacity of 500 MW of cells and 450 MW of modules and is already fully reserved. We expect that our Malaysia facility will be highly cost-competitive. As we increase production capacity, we expect the facility to help drive strong overall gross margins for the rest of the year."

"Solar power output during the first quarter reached 115 GWh with revenues reaching RMB102 million, representing an increase of 26.9% from the fourth quarter of 2014. We expect to generate 190 GWh to 200 GWh of power in the second quarter of 2015. With our project capacity continuing to grow, we expect to see this high-margin business will contribute more meaningfully to our net profits and total revenues."

"We connected 114 MW of solar projects to the grid during the quarter, bringing the total capacity of connected projects to 617 MW. With another 370 MW currently under construction, we are on track to connect 600 MW to 800 MW for the year. To support our fast-growing power generation business, we have expanded our project financing capabilities with new strategic financing agreements with China Minsheng Bank and China Development Bank Leasing."

"Our geographic presence continued to grow thanks to strong brand recognition and deep relationships with global partners. We continued to make progress in the U.S. and new emerging markets such as Chile and Brazil. We also significantly increased our market share and shipments to Japan and the UK, where customers ended their fiscal year during the first quarter. We expect to see strong demand from the Chinese market since next quarter where we remain a market leader. By managing our resources efficiently, we are strengthening our position as a leading solar product supplier for key solar markets."

"On the technology front, we are focused on increasing the efficiency and output of our mainstream high-efficiency products while we continue to develop high-efficiency black silicon technology and improve our double-glass modules. Non-silicon costs remained flat despite the impact of Chinese New Year and a stronger RMB exchange rate against the US dollar. We are confident that we will maintain our position as the industry cost leader."

"With a new production facility, strong support from leading financial institutions, and a downstream business rapidly gaining momentum, I am confident that 2015 will be another strong year for JinkoSolar. We will continue to invest in our business in order to increase shareholder value and leverage our momentum for the remainder of the entire year."

Operations and Business Outlook

Second Quarter and Full Year 2015 Guidance

For the second quarter of 2015, the Company estimates total solar module shipments to be in the range of 850 MW to 950 MW, which includes 750 MW to 800 MW module shipments to third parties and 100 MW to 150 MW for its own downstream projects. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.

For the full year 2015, the Company estimates total solar module shipments to be in the range of 3.3 GW and 3.8 GW which includes 2.7 GW to 3.0 GW module shipments to third parties. The Company expects to grid-connect solar power projects with a total capacity of 600 MW - 800 MW in 2015.

SHANGHAI, May 26, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that its production facility in Penang, Malaysia has officially begun operations.

The production facility, which began construction in March 2015 and received TUV certification in late April, has begun to produce highly-efficient cells and multi-crystalline modules. Full production capacity of 500 MW of cells and 450 MW of modules per year is expected to be reached within two months.

"With the strong support of the local government and MIDA (Malaysian Industrial Development Authority), we were able to rapidly build and begin production in our new facility in Penang, Malaysia," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "We have great confidence in the development of our new Malaysian production facility and the local business environment. With the facility's production capacity almost fully booked by downstream orders, we will ramp up to full capacity soon while actively explore new opportunities to expand current capacity in the future."

SHANGHAI, May 18, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (JKS), a global leader in the solar PV industry, today announced that it will supply 50 MW of solar PV panels to Tegnatia, one of Turkey's leading renewable energy developers.

According to the agreements signed by both parties at the beginning of 2015, the 50 MW will be delivered in several shipments bound for projects across Turkey. Tegnatia, which is as a joint venture between Turkey's T Dinamik and Greece's Egnatia Group, has become a leading solar EPC service provider in Europe. Greece's Egnatia Group has a proven track record of over 300MW solar installations in Greece, Romania, Bulgaria and UK.

"JinkoSolar is very proud to have been chosen as a partner by Tegnatia, one of Turkey's leading and most professional quality-focused renewable energy developers," commented Mr. Frank Niendorf, JinkoSolar's European Sales Director. "This deal makes JinkoSolar the Turkey's leading module supplier. We look forward to identifying and engaging similarly strategic opportunities in Turkey in the coming months to continuously increase our market share."

SHANGHAI, May 13, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has signed a strategy cooperation agreement for the supply of 1 GW of solar PV modules with China Minsheng New Energy ("CMNE").

According to the terms of the agreement, CMNE will purchase a minimum of 1 GW of solar PV modules with priority given to JinkoSolar in case of same terms and conditions over the two years spanning 2015 and 2016 with the minimum amount allocated for 2015 being no less than 600 MW. The specific terms of the agreement will be subject to the formal purchase contract signed by both parties.

CMNE is the wholly owned new energy-focused subsidiary of China Minsheng Investment Corp., Ltd. ("CMIC"). CMIC plans to invest RMB200 billion in approximately 20 GW of projects through CMNE over the next five years, turning CMNE into a leading investor and operator of renewable energy in China.

"As an investment company approved by China's State Council, CMIC has the advantage of analyzing government policy and deploying capital efficiently," commented Mr. Xiande Li, Chairman of JInkoSolar. "As a global leader in the PV industry, we believe this strategy cooperation agreement marks the beginning of a long-term partnership between two leaders in their respective industries. CMIC has targeted and deployed its capital in key industries that are in line with China's national strategy since its establishment and one of their focus points of investment is the solar industry. We look forward to developing a long-term relationship with CMIC as we jointly committed to promote the development of the solar industry in China."

SHANGHAI, April 27, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has supplied approximately 3 MW of PV modules to Embotelladora de Sula S.A. ("EMSULA") for Honduras' largest rooftop solar system, which is also the largest solar PV rooftop project in Central America.

Located in San Pedro Sula, the approximately 3MW rooftop project covers an area of 34,000 M² and sits on top of a modern production facility for bottled soft drinks, juices and purified water. The project is developed by Smartsolar, a company dedicated to the development of photovoltaic projects on roofs for commercial and industrial use in Central America. The project was successfully completed in March, 2015.

The project uses 11,650 pieces of JinkoSolar's high-efficiency PV modules that will produce approximately 3,815,830 kWh of electricity per year and reduce emissions by nearly 1263.6 tons of CO2 annually.

Mr. Alberto Cuter, JinkoSolar's Sales Director for Emerging Markets commented: "Energy prices tend to be higher in Central America than elsewhere given the region's dependence on imported fossil fuels which accounts for 45% of all energy generated. For countries that rely disproportionately on oil for power generation, volatility of energy prices forces people to plan for the medium to long-term, and solar becomes the best substitution of energy. We are proud to supply JinkoSolar modules for this project that makes this rooftop system not only the largest in Central American but also an example to the rest of the region."

Ramzy Massu, General Manager of Smartsolar said, "We are very proud to work with JinkoSolar on this meaningful project in Central America. This project was 100% designed, supervised and installed by Hondurans. Smartsolar has built the largest rooftop solar system in Central America, placing Honduras on the world map in solar section. "

SHANGHAI, March 25, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 104 MW dc of PV solar panels for the Utah Red Hills Renewable Park project.

JinkoSolar will deliver over 340,000 of its utility-scale, high-efficiency polycrystalline 72-cell panels to the Utah Red Hills Renewable Park though a contract with Swinerton Renewable Energy. Scatec Solar, the project's developer and a long-term owner, hired Swinerton Renewable Energy to construct the plant and procure the appropriate technologies.

The Utah Red Hills Renewable Park, set to be built on a site with excellent solar irradiation, will generate around 210 million kilowatt hours (kWh) of electricity per year, which will be fed into the grid under a twenty-year Power Purchase Agreement (PPA) with PacifiCorp's Rocky Mountain Power, according to the utility's obligation under the federal Public Utility Regulatory Policies Act. Based on EPA estimates, it will power approximately 18,500 homes and prevent nearly 145 thousand tons of carbon dioxide emissions annually.

"We are thrilled to be a part of this large project," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "The Red Hills project is a true testament of the positive progression in the sustainable energy industry, which JinkoSolar is proud to support."

"Swinerton is excited to continue our successful partnership with JinkoSolar--an innovative leader in the Solar Industry--and to bring jobs and years of clean power to the Parowan residents. Utah Red Hills Renewable Park is a great project for the city of Parowan and we couldn't be more eager to work with this team," commented Mr. George Hershman, Vice President and Division Manager of Swinerton Renewable Energy.

"Scatec Solar is proud to bring on experienced partners and proven technologies to build a project that will deliver clean and reliable energy to the residents of Utah," said Mr. Luigi Resta, Managing Director of Scatec Solar North America. "Our team on the ground is excited to be building the first utility-scale PV project in a state with such incredible solar potential."

SHANGHAI, March 20, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it will supply 75 MWdc of its PV solar modules to Swinerton Renewable Energy for the Red Horse 2 Wind and Solar project in Cochise, Arizona.

This large project, which was acquired by an affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI) in August 2014, will utilize 248,750 of JinkoSolar's high-efficient 72-cell polycrystalline solar panels. Swinerton Renewable Energy will develop and construct the project, in addition to providing ongoing operations and maintenance services to the facility. The hybrid wind and solar project is expected to power approximately 13,500 homes upon its completion.

"JinkoSolar is excited to work with Swinerton Renewable Energy and DESRI on another large-scale project. The Red Horse 2 project is a true example of the advancement of renewable energy in the United States and we are proud to be an integral part of the growing clean energy industry," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "This adds to our growing list of projects in the United States. We delivered over 400 MW of modules to US projects in 2014, and in 2015 have so far signed U.S. contracts to supply an additional 750MW. The US has become the second largest market for JinkoSolar after China."

"Swinerton is excited to continue our successful partnership with JinkoSolar -- an innovative leader in the Solar Industry -- and to bring jobs and years of clean power to Arizona residents. Red Horse 2 is an exciting solar and wind project and we couldn't be more eager to work with this team," commented Mr. George Hershman, Vice President and Division Manager of Swinerton Renewable Energy.

SHANGHAI, March 20, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that it has signed a strategic collaboration agreement with DuPont (NYSE:DD), which reflects the companies' interests in furthering the growth and adoption of efficient and reliable solar generated electricity.

Areas of potential collaboration include technical development efforts to support continued improvements in the efficiency, durability and reliability of solar cells and panels, including through development and supply of advanced materials including DuPont™ Solamet® PV19x series photovoltaic metallization pastes and DuPont™ Tedlar® polyvinyl fluoride films, as well as co-marketing collaborations aimed at promoting the broader and faster adoption of solar energy to help address the world's growing energy needs.

"DuPont deploys science to help solve some of the world's most pressing problems -- the growing global demand for energy is chief among them," said Mr. Walt Cheng, managing director, DuPont Electronics & Communications, Greater China. "By collaborating with leading companies such as JinkoSolar, we can optimize the science of solar technology today and accelerate the development of new advanced materials that will continue to make clean and sustainable solar energy better and increasingly more affordable."

"JinkoSolar has successfully worked with DuPont in the past to help enhance the power output and durability of our solar panels, and we look forward to further advances based on this strategic collaboration," said Mr. Kangping Chen, chief executive officer, JinkoSolar. "Our company's mission is to change the way we generate and use electricity, optimize the energy portfolio and enable a more sustainable future by delivering the cleanest, most efficient and economic solar energy solutions; and we will work to achieve this critical aim together with DuPont."

SHANGHAI, March 19, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it plans to build a solar cell and module manufacturing facility in Penang, Malaysia.

Located in Penang, Malaysia, the manufacturing facility will utilize the latest high - efficiency multi-crystalline technology, and once completed, will provide JinkoSolar with additional production capacity of 500MW for solar PV cells and 450MW for modules. The Company has signed a tenancy agreement with Nationgate Technology (M) Sdn. Bhd. for the workshops in which the production line is going to be built. JinkoSolar will invest approximately US$100 million to build the plant including equipment and working capital which is expected to begin operations in May 2015.

"We are excited to be among the first Chinese solar manufacturers to invest in Malaysia. The Malaysian plant will be our first overseas cell production facility and its module capacity will add to our overseas module capacity, currently located in South Africa and Portugal. By expanding our production capacity geographically, we are further diversifying our global manufacturing layout and enhancing our competitiveness in overseas markets." commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. "Malaysia continues to support the growth of the renewable energy industry by leveraging its competitive cost environment, relatively advanced industrial capabilities, talent pool of well educated engineers, and preferential tax policies. Our project is strongly supported by MIDA (Malaysian Industrial Development Authority) and the local government. We are looking forward to working closely with them to create local jobs and help further promote the development of solar industry in Malaysia."

SHANGHAI, March 18, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that JinkoSolar Power Co., Ltd. ("Jinko Power"), a subsidiary of the Company, has signed a strategic project development agreement with China Development Bank Leasing Limited (CDBL).

According to the terms of the agreement, CDBL will provide financing support for no less than 200 MW worth of projects annually up to an aggregate amount of no less than 1000 MW worth of projects over the next five years. Financing support will include leasing, sale-leaseback and other financial instruments. A green channel mechanism will be set by both parties to closely monitor the development of projects, financing and communicate issues with each other. Financial leasing contracts will be signed for specific projects.

China Development Bank is the controlling shareholder of CDBL, which is one of the most capitalized financial leasing companies in China with the longest history. With its strong capital base and experienced and highly efficient team, CDBL has developed a solid brand and reputation within the industry.

"Financial leasing has the potential to greatly revolutionize PV project financing," commented Mr. Xiande Li, Chairman of JinkoSolar. "By cooperating with CDBL, we are broadening our financing channels. PV financial leasing is still in its early stages in China and is complementary to the traditional financing we get for the construction of our PV power plants. It effectively reduces the financial pressures faced during project development, improves the liquidity of our project assets and ensures investment returns for both parties. By working with CDBL, we aim to promote the healthy development of PV project financing in China."

SHANGHAI, March 17, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today provided information in relation to a fire accident that occurred at one of its raw material processing workshops in Shangrao city, Jiangxi Province, China.

The fire broke out on the morning of March 17, 2015 and was put out by firefighters within one hour. There were no casualties and the surrounding area and communities were not impacted. The Company estimates the damages to be between RMB0.5 million to RMB1 million. The incident is not expected to have any material impact on the Company's operations, financials or delivery commitments to its customers. The Company maintains insurance coverage for all the manufacturing equipment and has started the process to make the relevant insurance claims. The cause of the fire remains under investigation.

SHANGHAI, March 10, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that JinkoSolar Power Co., Ltd.("Jinko Power"), a subsidiary of the Company, has signed a RMB320 million loan agreement with China Development Bank ("CDB"). The loan will be used for PV solar power plant projects in Henfeng County, Jiangxi Province, China.

According to the terms of agreement, the Jiangxi Branch of CDB will provide a 15-year loan totaling RMB320 million to finance a 50MW PV solar power plant project developed by Jinko Power in Yangjia Village, Lianhe Township, Hengfeng County, Jiangxi Province. The project was connected to the grid in February of 2015.

"We are pleased to finish the first 50 MW phase of the project investment agreement for a 100 MW PV power plant signed with the local government of Hengfeng County, Jiangxi Province in August, 2014," commented Mr. Xiande Li, Chairman of JinkoSolar. "The development of downstream power plant requires solid financial resources. Jinko Power's downstream business has been developing with the strong support of CDB and other financial institutions. JinkoSolar has been provided domestic credit line of up to RMB4 billion for solar project financing by CDB, of which RMB1.46 billion has been withdrawn on current cumulative projects. We will continue to work closely with CDB in order to meet the growing demand for green energy as we generate strong returns for our investors."

SHANGHAI, March 6, 2015 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has entered into a five-year RMB3 billion strategic financing agreement with China Minsheng Banking Corp., Ltd. ("CMBC").

According to the terms of the agreement, CMBC has agreed to provide financing support of an aggregate amount up to RMB3 billion over a five-year period. CMBC's financing will help expand JinkoSolar's financing channels, and further strengthen the Company's leading position in the development of downstream solar projects and manufacturing capabilities. CMBC'S financial services will include but are not limited to project finance, merger and acquisition finance, supply chain finance, bridge loans, letters of guarantee and related trade finance.

In addition to downstream project financing, the agreement will also cover working capital finance and foreign currency cash pool management for JinkoSolar's domestic and overseas subsidiaries, allowing the Company to optimize its debt structure, and reduce financial costs.

"As a global leader in the solar PV industry, we are extremely excited to have the opportunity to build a new strategic partnership with China Minsheng Bank," commented Mr. Xiande Li, Chairman of JinkoSolar. "This strategic financing agreement with one of China's premier commercial banks demonstrates the confidence we both have in the future development of the global PV industry. We look forward to working closely with CMBC on the development of our downstream business and in particular DG projects, as well as our manufacturing business. We truly value this relationship and will leverage this platform to create new opportunities and green energy projects that will yield sustainable and long-term value for our shareholders."

Fourth Quarter 2014 Financial Results

• Total revenues in the fourth quarter of 2014 were RMB2.97 billion (US$478.9 million), representing an increase of 16.0% from RMB2.56 billion in the third quarter of 2014 and an increase of 35.8% from RMB2.19 billion in the fourth quarter of 2013, respectively.
• Non-GAAP basic and diluted earnings per ADS were RMB7.64 (US$1.24) and RMB6.12 (US$1.00), respectively, in the fourth quarter of 2014

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We closed out the year on a very strong note. Total revenues during the fourth quarter of 2014 reached US$478.9 million, representing an increase of 35.8% over the same period in 2013 as module shipments reached a record high of 1,078.3 MW which includes 339.1 MW designated for our own downstream business. Full year solar module shipments also reached a record high of 2,943.6 MW, which includes 520.4 MW used in our downstream projects. Revenue streams expanded as costs continued to improve allowing us to achieve over US$100 million in net income for the year. Our rapidly growing downstream business, expanding geographic presence and industry-leading products will continue to support our growth as we work towards our goal of transforming into a one-stop energy solutions provider."

"Our downstream business continued to gain momentum with electricity revenues from solar power projects reaching RMB80.4 million in the fourth quarter of 2014, representing an increase of 68.6% sequentially. 270 MW of projects were completed during the quarter of which 150 MW were connected to the grid. This brings the total capacity of connected JinkoSolar power projects to 503 MW. While the number of MW connected to the grid is lower than we initially anticipated due to a cold winter and a slower grid connection process at the end of the year, we expect to make up for it by connecting approximately 360 MW of projects during the first half of 2015. As our pipeline expands and the number of projects connected to the grid grows, management continues to move the spin-off process forward in a way that will maximize shareholder value."

"We continue to diversify our market presence as global solar demand in 2015 is expected to grow by 15-20% despite low oil prices. The price of oil, we believe, has a limited impact on solar fundamentals as it is primarily used for transportation rather than power generation in most of the key solar markets. And it is important to remember that mounting concern over the environment has been one of the driving factors behind increased solar demand in many key markets, China in particular."

"While the preliminary results of adjustments from the US Department of Commerce on the 2012 Trade Case were positive, we remain focused on further diversifying our production capacity geographically by establishing overseas production facilities for both cells and modules in regions unaffected by the frequent solar trade disputes. By managing our resources efficiently, we aim to strengthen our position as the leading solar product supplier in key solar markets."

"We achieved new heights of module power output in February 2015 where independent testing conducted by TUV Rheinland's Shanghai Testing Center showed that the power output of JinkoSolar's 'Eagle +' 60-cell multi PV modules reached 334.5 watts - a new record that broke the previous record of 306.9 watts also set by us in December 2014. We are also dedicated to developing integrated intelligent solutions by providing smart modules to Japan's largest smart component PV project."

"We accomplished a lot in 2014 by leveraging our industry leading technology, global presence and deep relationships with financial institutions to grow our business further. I am confident that 2015 will be an even more successful year for us."

SHANGHAI, February 5, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will provide 2 MW of smart modules to IDEC Corporation ("IDEC"), a Tokyo Stock Exchange listed Japanese designer and manufacturer of control automation products, for a ground mounted solar PV project in Nishinomiya, Hyogo Prefecture, Japan.

The project, which will comprise of 7,644 JinkoSolar polycrystalline smart modules equipped with TIGO Optimizer smart component, is currently the largest PV project equipped with all smart modules in Japan.

JinkoSolar smart modules are designed to correct mismatches between module and module strings by using embedded cell optimizer component that provide sub-panel level Maximum Power Point Tracking ("MPPT") functions. This allows any underperforming cell or module strings to continue contributing power to the string while not restricting the flow to others. Smart modules can improve the power output by up to 20% compared with ordinary modules when in the shade condition, and minimize the impact clouds and dust have on other modules.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "JinkoSolar's smart modules provide stable operation and efficient electricity output for any solar PV system and represent a first step towards building a smart-grid. JinkoSolar's R&D teams are devoted to developing integrated intelligent solution from smart solar modules to intelligent solar power plant systems. We will continue to develop new and efficient intelligent solar PV systems to bring solar power to a new level."

SHANGHAI, January 6, 2015 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that one of its subsidiaries, Zhejiang JinkoSolar Co., Ltd. ("Zhejiang JinkoSolar"), has entered into a US$90 million working capital loan agreement with China Development Bank ("CDB").

According to the terms of the agreements, CDB will provide one-year working capital loan totaling US$90 million which will be used to support the Company's daily operations. The first installment of US$50 million has already been transferred to Zhejiang JinkoSolar.

"We are pleased to extend our relationship with CBD from project finance to corporate finance with this working capital loan agreement," commented Mr. Xiande Li, Chairman of JinkoSolar. "It not only further expands our financing channels, but also serves as a vote of confidence in our future. With the support of CBD's one-stop corporate financial services, we expect to further extend our operation, especially project business. We see continued growth in demand both domestically and overseas in 2015, and we will take full advantage of each opportunity presented to us as we continue to enhance our leading position in the global solar power sector."

SHANGHAI, December 12, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has supplied 80 MW of solar PV modules to China General Nuclear Power Group ("CGN"), for a solar PV project in Neihuang County, Henan Province.

Located in Mashang and Liucun, two villages in Neihuang County, Henan Province, the project is being built on the rooftops of traditional agricultural greenhouse. It utilizes 325689 pieces of JinkoSolar's high-efficiency PV modules is expected to be connected to the grid by the end of 2014.

"Neihuang County has traditionally been an agricultural region, which has developed substantially over time and now requires increasing electricity generation capabilities." commented Mr. Xiande Li, Chairman of JinkoSolar. "We are honored to have the opportunity to once again cooperate with China General Nuclear Power Group on the largest- solar-agriculture PV project in Henan Province. Agricultural solar PV projects not only solve the problem of space needed but also simultaneously promote new clean energy power generation and agricultural development."

SHANGHAI, Dec. 10, 2014 /PRNewswire/ -- Jinko Solar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar photovoltaic (PV) industry, today announced that its "Eagle+" solar module reached a new height of power output for 60-cell multi crystalline silicon module during an independent test conducted at TUV Rheinland's Shanghai Testing Center. Under Standard Testing Conditions (STC), power output of the high power "Eagle+" modules samples manufactured by JinkoSolar reached 306.9 watts. At present, the industry average power output of a 60-cell multi-crystalline silicon module is approximately 255 watts.

Several advanced technologies and innovations have been applied to the high power "Eagle+" modules, which include new technology to reduce crystalline silicon defects, advanced cell structure based on DuPont™Solamet® photovoltaic cell metallization technology to boost solar cell efficiency, advanced integrated packing technology, and utilizing DuPont™ Tedlar® polyvinyl fluoride film–based back sheets. Aside from their high power output, "Eagle+" modules can resist potential induced degradation (PID) under weather conditions of 85 degrees Celsius and 85 percent relative humidity for 1,000 hours. The antioxidant design of the cell and encapsulation materials also helps to eliminate the possibility of snail trails.

"As a global leader in the solar PV industry, we have dedicated ourselves to innovating high-efficiency, reliable solar cells and modules," said Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "Our R&D team continues innovating new technology that has now delivered exciting results. Those innovations significantly improve the power output and reliability of our modules to ensure 25-year stable power generation, and we aim to put them into mass production soon. Highly cost-effective solar products aid in reducing the cost of solar power generation which we believe will accelerate the development of the global solar PV industry."

SHANGHAI, December 3, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it has supplied 21.4MW of solar PV modules to Harsha Abakus Solar Pvt. Ltd. ("Harsha Abakus"), a solar energy solutions provider and a subsidiary of Harsha Engineers Group, for a ground mounted solar PV project in Gujarat, India.

Located in Charanka, Gujarat, which is one of the highest solar irradiation zones in India, the project deploys seasonal tracking technology to improve plant performance. The project is expected to generate approximately 34.24 million kWh of electricity and remove 30,000 tons of CO2 annually. Once connected to the grid, the solar plant will be one of the first solar parks commissioned under the Jawaharlal Nehru National Solar Mission Phase II Batch I with a fixed PPA rate. The project will be jointly owned by Gujarat State Electricity Corporation Limited and Gujarat Power Corporation Limited.

"With over four decades of operations in Gujarat, Harsha Abakus has sound operational track record," commented Mr. Xiande Li, Chairman of JinkoSolar. "JinkoSolar is selected as a partner due to our solid brand reputation and excellent product quality. We share a common commitment to developing clean energy with Harsha Abakus, and view this project and the local Indian Government's support as a tremendous opportunity for us to grow our business in India and help diversify the country's energy mix."

SHANGHAI, November 24, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, announced today that it has signed an agreement to supply 7MW to Almacen Sustentable ("AS Solar") in Mexico.

AS Solar is a Mexican company that provides innovative and sustainable energy solutions through its strategic alliances and over 120 international partners. AS Solar is responsible for supplying over 80% of the equipment used in residential PV installations in Monterrey, Mexico and has become one of the leading distributors of photovoltaic equipment nationally by representing some of the largest and most recognized manufacturers.

Mr. Xiande Li, chairman of JinkoSolar commented: "Mexico has become one of the leading PV markets in Latin America with the support of the government, industry and its citizen's environmental awareness. Mexico has great potential to become a role model for other Latin American countries. With a local team already in place, JinkoSolar is committed to providing excellent customer service and high quality modules to its Mexican customers. We are pleased to sign this agreement with AS Solar which has been an important and reliable strategic partner for us since 2011. This contract represents another significant step in expanding our geographic footprint to Mexico and Latin America. With the success we have seen in Europe, Asia and North America, we are confident in our ability to become the preferred module brand for Latin America as well."

"With the explosive growth of the Mexican solar market, AS Solar is committed to distributing the highest quality solar products with the best energy generation capacity possible. JinkoSolar has been a reliable brand in our portfolio since we began 2011 and this partnership will help both companies capture a significant portion of the Mexican solar market in 2015 and forward," stated Ian Karleff, General Manager of AS Solar.

Third Quarter 2014 Financial Results

• Total revenues were RMB2.6 billion (US$417.3 million), representing an increase of 5.3% from the second quarter of 2014 and an increase of 30.5% from the third quarter of 2013.
• Non-GAAP basic and diluted earnings per ADS of RMB10.40 (US$1.68) and RMB8.28 (US$1.36), respectively vs. last years same quarter of RMB8.72 (US$1.41) and RMB8.40 (US$1.36)

"We are pleased to report another solid quarter, as total revenues increased 30.5% from the same period last year," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. " We shipped a record-high 758.1 MW modules, including 100 MW designated for our own downstream projects. Our business continues to gain considerable momentum as we remain on track to deliver a very successful year in terms of top- and bottom-line growth and near completion of our targeted solar power project expansion. With strong financial support from established financial institutions, a constantly expanding geographic presence and a host of new products coming on line in the near future, we are poised to finish the year on a strong note and look forward to a successful 2015."

"Our downstream business continued to pick up pace, reinforcing our leadership position in this promising market. We currently have 15 projects with a total of 488.5 MW under construction. We expect these projects to be connected by the end of 2014 and first quarter of 2015. We plan on gradually increasing the percentage of DG project construction in 2015 to improve our project portfolio. Management continues to evaluate the spin off and listing of our downstream business, as both our project portfolio and pipeline has grown substantially in the past few months and investor interest has increased."

"By efficiently allocating our resources, we were able to maintain our market leading position in China and new emerging markets such as South Africa and Chile, while increasing our market share in the US and Japan. Shipments to China increased 81.4% compared with the second quarter of 2014, as the China market continued to recover. We also continue to build our position in the US and to serve our growing customer base despite tariff uncertainties. With the landmark agreement between the US and China to cap carbon emissions announced during the APEC summit, we are very optimistic about growth in both countries and globally. While the market has seen some turbulence caused by the sharp decline in oil prices, we are confident about solar power's potential. The European market remained stable, with demand from the UK in particular increasing significantly."

"We increased our capacity to produce our high-efficiency, PID-free 'Eagle +' modules during the quarter. We aim to increase power output for the mass produced 'Eagle +' modules from 265 W to 270 W by the end of the year. By devoting resources towards technical innovation, we also increased the yield and stability of our smart modules, light-weight modules and double-glass modules."

"With six consecutive quarters of profitability behind us, we eagerly look forward to seeing the investments we have made in building our downstream project portfolio, diversifying our geographic presence, developing industry leading technology, building long-lasting relationships with financial institutions and creating a stronger foundation for our future growth."

Fourth Quarter and Full Year 2014 Guidance

For the fourth quarter of 2014, the Company estimates total solar module shipments to be in the range of 1,030 MW to 1,120 MW, which includes 730 MW to 770 MW module shipments to third parties and 300 MW to 350 MW for its own downstream projects. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.

For the full year 2014, the Company estimates total solar module shipments to be in the range of 2.9 GW and 3.2 GW which includes 2.3 GW to 2.5GW module shipments to third parties. Full year project development scale is expected to be above 600 MW.

SHANGHAI, Nov. 18, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar industry, today announced that it closed the private equity investment led by China Development Bank International ("CDBI") and the Macquarie Greater China Infrastructure Fund ("MGCIF"), a fund managed by Macquarie Infrastructure and Real Assets, of an aggregate amount of US$225 million in the Company's downstream solar power project business.

JinkoSolar Power Engineering Group Limited ("Jinko Power"), a subsidiary of JinkoSolar that develops and operates its downstream solar power project business, entered into definitive share purchase agreements with each of CDBI, MGCIF and New Horizon Capital ("New Horizon"). Under the share purchase agreements, CDBI, MGCIF and New Horizon have agreed to invest an aggregate amount ofUS$225 million in Jinko Power. As of the date of this press release, all rounds of investments by the three investors have closed, and the Company has also completed additional capital contribution to Jinko Power. The three investors hold a total of approximately 45% ofJinko Power's equity interest. They will provide support and additional resources to facilitate the spin off and listing of Jinko Power and the downstream business development in terms of project financing, project development, project operation and global green energy network.

SHANGHAI, November 11, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., ("JinkoSolar US"), has signed a USD$20 million two-year credit agreement with Wells Fargo Bank, National Association ("Wells Fargo"). Borrowings under the new credit agreement will be used to support JinkoSolar US's working capital and business operations.

"We are extremely pleased that a world-class institution such as Wells Fargo has shown their confidence in the future of our business," commented Mr. Charlie Cao, JinkoSolar's Chief Financial Officer. "This agreement reflects our solid track record of reliability and strengthens our financial position not only in the US but globally as well. Our position as a tier 1 solar industry player will provide us with a distinct competitive advantage that will be essential to our success as we rapidly ramp up our global capabilities. We remain focused on maintaining good relations with financial institutions worldwide as we continue to expand our geographic footprint across key growth markets."

SHANGHAI, October 29, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 19 MW of solar modules for a PV project in Chile.

The project is located in Chile's Atacama Desert region which has one of the highest irradiation levels in the world. The 19 MW solar power plant will consist of 61,000 JinkoSolar high-efficiency PID-free modules. The project is expected to generate approximately 50 million kWh of electricity annually, equivalent to the power consumption needs of about 30,000 local households, and reduce carbon emissions by over 30,000 tons annually.

"We are proud of what we have accomplished in Chile this year having become the one of the largest suppliers of PV modules with over 160 MW of contracts signed," said Mr. Alberto Cuter, JinkoSolar's Sales Director for Emerging Markets. "The increase in demand for renewable energy has turned Chile into one of the regions' principal solar markets. This project sets a new milestone for JinkoSolar in the Latin American renewable energy market and demonstrates our commitment to clean energy development in Chile."

SHANGHAI, October 17, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it supplied 34MW of solar modules to sPower for four solar power projects in Antelope Valley, California.

According to the terms of the contract, JinkoSolar supplied approximately 115,000 of its 305W high efficiency solar PV modules to sPower for the 34MW solar plant which is comprised of four separate projects located in Lancaster and Victorville, California. When fully operational, the sPower facility is expected to generate enough clean solar energy to serve the needs of approximately 4,110 homes per year, reducing emissions of carbon dioxide (CO₂) by roughly 45,050 metric tons annually - the equivalent of taking nearly 10,000 cars off the road. sPower has a 20-year power purchase agreement in place with Southern California Edison (SCE) to purchase 34MW of clean energy output from the facilities. Swinerton Builders was the primary EPC for the project, which is expected to commence operations by November 30, 2014.

"The abundance of solar energy in California makes PV modules the ideal solution to fulfill local electricity needs, and JinkoSolar's durable, high-performance modules are well suited to such a demanding environment. It is with great pleasure that we effectuate our partnership with sPower, a truly prominent player in the solar industry, on what is anticipated to be an assembly of successful solar projects," said Mr. Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "We pride ourselves in our ability to provide high-quality products and contribute to the substantial growth of the US Solar industry."

"This is a significant milestone for sPower -- bringing online the first major group of projects after our merger with Fir Tree-backed developer Silverado Power earlier this year. The development of these projects has brought jobs and economic benefits to the Antelope Valley, while providing a sustainable future for the surrounding area," said sPower CEO, Mr. Ryan Creamer. "We look forward to teaming with JinkoSolar on many more projects. Their experienced team is extremely capable, and we are pleased with the quality and performance of their PV modules."

"Swinerton is proud to have been selected to work with the sPower and JinkoSolar team," said Mr. George Hershman, Swinerton Renewable Energy Vice President and Division Manager. "We share their commitment to delivering economical and responsible clean energy to rate payers."

SALT LAKE CITY and SHANGHAI, Oct. 17, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE: JKS), a global leader in the solar photovoltaic (PV) industry, and sPower (Sustainable Power Group), a prominent renewable energy provider, announce details of the first partnership between the two companies.

According to the terms of the contract, JinkoSolar supplied nearly 115,000 of its 305W high efficiency solar PV modules to sPower for the 34MW solar facility, which is comprised of four separate projects located in Lancaster and Victorville, California.

"This is a significant milestone for sPower -- bringing online the first major group of projects after our merger with Fir Tree-backed developer Silverado Power earlier this year.  The development of these projects has brought jobs and economic benefits to the Antelope Valley, while providing a sustainable future in the area," said sPower CEO, Ryan Creamer.  "We look forward to teaming with JinkoSolar on many more projects.  Their experienced team is extremely capable, and we are pleased with the quality and performance of their PV modules."

When fully operational, the sPower facility is expected to generate enough clean solar energy to serve the needs of about 4,110 homes per year, reducing carbon emissions by roughly 45,050 metric tons annually � the equivalent of taking nearly 10,000 cars off the road.

"The abundance of solar energy in California makes PV modules the ideal solution to fulfill local electricity needs, and JinkoSolar's durable, high-performance modules are well suited to such a demanding environment. It is with great pleasure that we effectuate our partnership with sPower, a truly prominent player in the solar industry, on what is anticipated to be an assembly of successful solar projects," said Mr. Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "We pride ourselves in our ability to provide high-quality products and contribute to the substantial growth of the US Solar industry."

sPower has a 20-year power purchase agreement in place with Southern California Edison (SCE) to purchase 34MW of clean energy output from the facilities.  Swinerton Builders was the primary EPC for the project.  The facilities are expected to commence operations by November 30, 2014.

"Swinerton is proud to have been selected to work with the sPower and JinkoSolar team," said George Hershman, Swinerton Renewable Energy Vice President and Division Manager.  "We share their commitment to delivering economical and responsible clean energy to rate payers."

SHANGHAI, October 16, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that JinkoSolar Power Co., Ltd. ("Jinko Power"), a subsidiary of the Company has signed a PV project development agreement with the government of Shicheng County, Ganzhou City, Jiangxi Province to develop 200MW PV power plant. The project will require an aggregate investment amount of approximately RMB1.6 billion.

The project will be built in Zhuokeng and Fengshan villages, Shicheng County, Ganzhou City, Jiangxi Province. The PV power plant will be constructed in four phases over a period of 4 years. The first phase of construction will begin during the first half of 2015. The project is expected to receive the national subsidy of RMB1/kWh as well as provincial level subsidy of RMB0.2/kWh for 20 years. The PV power plant is expected to generate approximately 240 million kWh of electricity annually and RMB288 million of revenue annually while improving the local environment and contributing to economic development.

"We are pleased to sign this significant PV project development agreement with the government of Shicheng County as we further expand our pipeline in Jiangxi Province," commented Mr. Xiande Li, Chairman of JinkoSolar. "We believe this project will be a great success as we leverage the local government's support and willingness to build clean energy infrastructure and our high quality PV products and industry leading capabilities in PV power plant development. This project will enable us to expand our clean energy generation capacities and grow shareholders' value."

SHANGHAI, October 13, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that it will supply 21.5MW PV solar modules for the construction of the Searchlight solar project located near Searchlight, NV, approximately 50 miles south of Las Vegas.

The project was acquired by an affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI) and Bright Plain Renewable Energy (BPRE), two investors active in the solar industry, from American Capital Energy, Inc., the initial developer of the project. Signal Energy will act as the EPC for the project and will provide operation and maintenance services once the project is completed.

70,525 high-efficiency JinkoSolar modules will be used in the construction of this project, which will generate approximately 45,000MWh of clean energy annually for NV Energy customers once it is connected to the grid by the end of 2014.

"We are very excited to have the opportunity to work with such reputable companies as DESRI, BPRE and Signal Energy on this sizeable project," said Mr. Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "Being a global leader in the industry, we are proud to be in a position where we can continually provide excellent products, while promoting a brighter, more sustainable future for the U.S. and the world."

"The Searchlight project is an important milestone in achieving Nevada's renewable energy goals," said Mr. Bryan Martin, managing director and head of U.S. growth and buyout private equity at the D. E. Shaw group. "We are pleased to be partnering with JinkoSolar, BPRE, and Signal Energy in helping transform the state's natural solar resources into a clean and reliable source of energy."

"Signal Energy Constructors is proud to provide its utility-scale solar EPC expertise to the Searchlight Solar Project," said Mr. Ben Fischer, CEO of Signal Energy Constructors. "There are great opportunities in the solar industry over the next few decades and projects like this help build a clean energy future for America."

SHANGHAI, September 30, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that it will supply 500KW of solar PV modules for one of the largest rooftop projects in Turkey.

Located in the Izmir Ataturk Organized Industrial Zone, the solar PV power project was built on rooftops covering an area of approximately 4,000m². The project is financed by the Development Agency of Izmir ("ISKA") and is managed by the industrial zone. The project is expected to produce enough energy to power over 290 homes, saving approximately 400 tons of carbon dioxide (CO2) annually.

"We are delighted to have been awarded the opportunity to join one of the largest rooftop projects in Turkey. JinkoSolar has always been committed to promoting solar power as an essential part of the region's energy mix. We will continue to actively pursue new opportunities in this emerging market." Commented Mr. Frank Niendorf, JinkoSolar's European Sales Director.

SHANGHAI, September 10, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the PV industry, today announced that its 100MW solar PV power plant in Xiangshui, Jiangsu Province was connected to the grid. The company has so far successfully connected to the grid for more than 300 MW of solar PV power projects.

Without farm land occupation, the project was built on the top of a 2 million square meter fish pond which is located in the coastal economic development zone in Xiangshui, Yancheng City, Jiangsu Province. It is one of the largest Solar PV projects connected to the grid in Jiangsu Province and has the highest boosting level in China. The power plant has been granted a 20-year subsidy of 1.0 RMB/KWh.

"The Xiangshui project is a landmark ground-mounted solar PV project in Eastern China with its efficient use of land and combination of fish farming and solar power generation, which is in-line with the National Energy Administration's new policy," commented Mr. Xiande Li, Chairman of JinkoSolar. "The project began construction in April and was connected to the grid in September. I am proud that our highly efficient team work, demonstrating our outstanding technical capabilities, construction efficiency, and strong coordination skills. The government continues to promote favorable policies and subsidies which we believe will create numerous new opportunities during the second half of 2014. Our strong financial position, rich project development experience and high-quality pipeline will ensure that we achieve our full year project development target as we work to increase shareholder value."

SHANGHAI, August 20, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 40 MW of solar PV modules to 8i S.A. ("8i"), a solar development company, for a solar power project in Chile. 8i will be the owner, project developer and EPC for this project.

According to the terms of the agreement, delivery of the solar PV modules will begin in the fourth quarter of 2014. The 40 MW project will be located in the Valparaiso region of Puchuncavi, an industry zone of Chile. Upon completion in July 2015, the project will act as an ecological example to the region by reducing emissions by around 37,700 Tons of CO₂ annually. The solar power plant will utilize approximately 131,150 JinkoSolar's 305 Poly 72 high-efficiency PV Solar modules.

"We are solidifying our position as the market leader in Chile with the signing of this 40 MW contract and further diversifying our geographic presence," commented Mr. Xiande Li, Chairman of JinkoSolar. "We have been very careful in selecting our business partners for big contracts such as this one. 8i is an ideal one with its strong financial capabilities, ample local resources, leading technology and solid execution track record. While there is no feed-in-tariff policy or government incentive system for utility-scale solar project in Chile, the country is experiencing a strong increase in solar energy demand. We are very confident that we will be able to maintain our market leading position in Chile as we work to expand further into Latin America."

Second Quarter 2014 Financial Results

• Total revenues were RMB2.4 billion (US$392.1 million), representing an increase of 20.8% from the first quarter of 2014 and an increase of 37.8% from the second quarter of 2013.
• Non-GAAP basic and diluted earnings per ADS were RMB5.60 (US$0.92) and RMB4.88 (US$0.80), respectively, in the second quarter of 2014.

"I am pleased to report our fifth consecutive quarter of profitability, as we confidently look towards the second half of the year," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. "We gained considerable momentum during the quarter. Total revenues increased 20.8% sequentially and 37.8% year-over-year. We expanded our geographic reach, secured financial support from globally-respected financial institutions for our downstream business and solidified our position in important emerging markets where we have made strategic investments such as South Africa and Latin America."

"Our downstream business continued to grow, with revenue from power generation for the quarter increasing 26.1% sequentially to RMB 61.0 million. In addition to the RMB1 billion strategic financing agreement we signed with China Minsheng Bank, mainly for our distributed PV generation systems, we secured US$225 million in private equity financing for our downstream solar power subsidiary, from China Development Bank International, Macquarie Greater China Infrastructure Fund and New Horizon Capital, In addition to financing, they will also provide a wide range of support to drive future growth in our downstream business. These agreements demonstrate the growing interest of Chinese capital in the downstream solar market, as China's solar power regulatory framework matures and rapid market growth is expected. With the added strength of these new partnerships, we revise our full-year 2014 project development guidance upwards from 400MW to above 600MW. We will continue to taking full advantage of our financial and operational resources to further grow our downstream businesses in the future."

"We maintained our market leading position in China as we continue to seek out opportunities in new emerging markets. We remain confident that the Chinese market will keep growing following the National Energy Administration's reiteration of strong support for the solar industry and solar power generation, and particularly distributed power generation. The government is also encouraging local governments to play a larger and more proactive role by offering more support and extra subsidies."

"Our market share in the US continues to grow with shipments for the quarter increasing 61.3% sequentially. While this is partially due to rush orders, it demonstrates our commitment to and growing customer base in the US market. While our presence in traditional markets such as Europe has remained stable with our large and loyal customer base, we continue to grow our presence in new emerging markets such as Chile and South Africa where we have become the market leader. The recent establishment of our first overseas production facility in South Africa will certainly aid us in enhancing our global production chain and allow us to serve customers across the region with local products.

"With the distributed generation market on the verge of entering a phase of rapid growth, we have increased mass production of our high-efficiency, PID-free 'Eagle+' modules as well as smart modules and light-weight modules. By continuing to innovate our products, we are not only promoting our reputation as the industry's technological leader, but showing customers that we are able to quickly tailor modules to meet customer requirements."

"To conclude, I am proud of what we have accomplished and even more excited about our future. Our strong financial position, steady downstream expansion, industry leading technology and diversified geographic presence are all contributing to our robust, sustainable long-term growth and transformation into a one-stop energy solution provider. We will continue to deploy our capital into specific areas of our business in order to increase shareholder value and carry our momentum into the third quarter and throughout the whole year."

Third Quarter and Full Year 2014 Guidance

For the third quarter of 2014, the Company estimates total solar module shipments to be in the range of 800 MW to 850 MW, which includes 650MW to 680MW module shipments to third parties and 150 MW to 170 MW for its own downstream projects.

For the full year 2014, the Company estimates total solar module shipments to be in the range of 2.9 GW and 3.2 GW, which includes 2.3GW to 2.5GW module shipments to third parties, and 600 MW to 650 MW for its own downstream projects. Full year project development scale is expected to be above 600 MW.

SHANGHAI, August 13, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that JinkoSolar Power Co., Ltd.("Jinko Power"), a subsidiary of the Company hassigned a PV project development agreement with the Economic Development Zone of Lishui City ("Lishui"), Zhejiang Province, to develop a 500MW PV power plant with an aggregate investment amount of RMB5 billion.

According to the terms of the agreement, the 500MW PV power plant will be constructed over period of 5 years with an annual installation target of 100MW, of which 60MW will be distributed and 40MW will be ground-mounted. The first phase of construction will begin during the second half of 2014 with an installation target of 50MW to be completed before the end of the year.

Municipal leaders of Lishui City, including Mr. Zhong Chen, vice-mayor, attended the signing ceremony and pledged to fully support the project in order to speed up the construction process and connection to the grid. This cooperation agreement demonstrates Lishui City local government's willingness to upgrade its energy infrastructure and to jointly promote the development of green energy production and consumption with JinkoSolar. When completed, the 500MW power plant will generate approximately 56 million kWh of power annually reduce emissions equivalent to saving 0.2 million tons of coal per year, or 7200 tons of nitrogen oxide and 0.5 million tons of carbon dioxide.

"We are pleased to sign this significant PV project development agreement with the Economic Development Zone of Lishui City," commented Mr. Xiande Li, Chairman of JinkoSolar. "By signing this agreement, we are expanding the scale and scope of our PV project pipeline while improving the environment and contributing to local economic development. China's National Energy Administration encourages local governments to proactively initiate projects of this nature and engage leading clean energy companies to aid in the process. We hope to set an example by cooperating on the construction of this important project."

SHANGHAI, August 11, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has opened a solar module factory in Cape Town, South Africa.

Located in 2 Evans Avenue, Epping Industrial 1, Cape Town, the factory covers an area of 5,000m².and has annual production capacity of 120MW. JinkoSolar invested a total of approximately USD7.5 million in the factory which is expected to create 250 jobs. Modeled after its state-of-the-art Chinese production facilities in China, the Cape Town factory will employ measures to ensure the highest quality PV module production process.

"We are proud to be the first foreign solar manufacturer to have built production facilities in South Africa," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. "Since winning our first South African tender in 2012, JinkoSolar has become the market leader having sold over 300MW to date. The completion of this factory highlights JinkoSolar's strong capital base and ability to diversify its global manufacturing facilities geographically. The factory will also enhance JinkoSolar's global production chain allowing it to serve customers across the region with local content. We are committed to providing the highest quality products and services to our customers around the world as we work to increase shareholder value over the long-term."

SHANGHAI, July 30, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that China Development Bank International ("CDBI"), the Macquarie Greater China Infrastructure Fund ("MGCIF"), a fund managed by Macquarie Infrastructure and Real Assets, and New Horizon Capital ("New Horizon") have agreed to invest a total of US$225 million in the Company's downstream solar power project business.

JinkoSolar Power Engineering Group Limited ("Jinko Power"), a wholly-owned subsidiary of JinkoSolar that develops and operates its downstream solar power project business, entered into separate definitive share purchase agreements with each of CDBI, MGCIF and New Horizon. Under the subscription agreements, CDBI, MGCIF and New Horizon have agreed to invest a total of US$225 million in Jinko Power. Upon completion of the investment and the Company's additional capital contribution to Jinko Power, the three investors will hold a total of approximately 45% of Jinko Power's equity interest. The investment by MGCIF has closed as of the date of this press release. The investments by CDBI and New Horizon are expected to close in the near future upon satisfaction of customary closing conditions. The three investors are expected to provide support and additional resources to facilitate Jinko Power's business development in terms of project financing, project development, project operation and global green energy network.

"We are very pleased to welcome CDBI, MGCIF and New Horizon as partners in our downstream business. They will not only contribute capital to further expand our project development capabilities, but will also provide a wide range of support to drive future growth. We believe this is another vote of confidence in our team and the long-term prospects of our downstream business, and are confident that with their support, Jinko Power will deliver strong growth which will in turn benefit all of JinkoSolar's shareholders," said Mr. Xiande Li, Chairman of JinkoSolar. "In addition, China's solar power market has a well-established regulatory framework and is currently in a phase of rapid growth. CDBI's investment demonstrates the growing interest from domestic Chinese capital in the solar power project sector. We also expect MGCIF to help us further tap into the global solar power market through the Macquarie Group's global resources and network. This round of investment marks an important milestone in our effort to spin off and list our downstream business. With the added strengths of these new partnerships, we are revising our full-year 2014 project development guidance upwards from 400MW to above 600MW. Our downstream capacity will exceed 800MW by end 2014. Looking forward, we intend to continue taking full advantage of our leading position in the Chinese solar power infrastructure sector to further grow our downstream business."

SHANGHAI, July 30, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that China Development Bank International ("CDBI"), the Macquarie Greater China Infrastructure Fund ("MGCIF"), a fund managed by Macquarie Infrastructure and Real Assets, and New Horizon Capital ("New Horizon") have agreed to invest a total of US$225 million in the Company's downstream solar power project business.

JinkoSolar Power Engineering Group Limited ("Jinko Power"), a wholly-owned subsidiary of JinkoSolar that develops and operates its downstream solar power project business, entered into separate definitive share purchase agreements with each of CDBI, MGCIF and New Horizon. Under the subscription agreements, CDBI, MGCIF and New Horizon have agreed to invest a total of US$225 million in Jinko Power. Upon completion of the investment and the Company's additional capital contribution to Jinko Power, the three investors will hold a total of approximately 45% of Jinko Power's equity interest. The investment by MGCIF has closed as of the date of this press release. The investments by CDBI and New Horizon are expected to close in the near future upon satisfaction of customary closing conditions. The three investors are expected to provide support and additional resources to facilitate Jinko Power's business development in terms of project financing, project development, project operation and global green energy network.

"We are very pleased to welcome CDBI, MGCIF and New Horizon as partners in our downstream business. They will not only contribute capital to further expand our project development capabilities, but will also provide a wide range of support to drive future growth. We believe this is another vote of confidence in our team and the long-term prospects of our downstream business, and are confident that with their support, Jinko Power will deliver strong growth which will in turn benefit all of JinkoSolar's shareholders," said Mr. Xiande Li, Chairman of JinkoSolar. "In addition, China's solar power market has a well-established regulatory framework and is currently in a phase of rapid growth. CDBI's investment demonstrates the growing interest from domestic Chinese capital in the solar power project sector. We also expect MGCIF to help us further tap into the global solar power market through the Macquarie Group's global resources and network. This round of investment marks an important milestone in our effort to spin off and list our downstream business. With the added strengths of these new partnerships, we are revising our full-year 2014 project development guidance upwards from 400MW to above 600MW. Our downstream capacity will exceed 800MW by end 2014. Looking forward, we intend to continue taking full advantage of our leading position in the Chinese solar power infrastructure sector to further grow our downstream business."

SHANGHAI, July 16, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has entered into a five-year RMB1 billion strategic financing agreement with China Minsheng Banking Corp., Ltd. ("CMBC").

According to the terms of the agreement, CMBC has agreed to provide financing support of an aggregate amount up to RMB1 billion over a five-year period. Financial services will include but are not limited to merger and acquisition finance, supply chain finance, bridge loans, letters of guarantee, trade finance, and project finance especially for distributed PV projects. CMBC's financial services will further enhance JInkoSolar's leading position in the development of solar PV infrastructure in China.

As a first step in the relationship, CMBC has agreed to provide an RMB88.8 million project loan for a 20MW distributed solar PV project in Haining Hi-tech Park, Zhejiang Province. The project has already been submitted and approved by the National Development and Reform Commission. Constructed on the roof-tops of adjacent offices and production facilities, the project will cover an area of 234,000 square meters. The power generated will be used by the surrounding businesses with residual power fed back into the grid. Building upon this agreement, the Company plans to replicate this financing model with three separate 20MW distributed PV projects, totaling 60MW, located in Jiaxing City, Zhejiang Province.

"As a global leader in the solar PV industry, we are extremely excited to have the opportunity to build a new strategic partnership with China Minsheng Bank," commented Mr. Xiande Li, Chairman of JinkoSolar. "Distributed PV generation systems represent the future for the Chinese market, but its development over the past few years has been hampered by financing difficulties. We believe that this agreement represents a new era in the financing of distributed generation projects for JinkoSolar. Building upon the reputation JinkoSolar carries following the cooperation with national policy bank, this agreement also demonstrates the confidence that one of China's premier commercial banks has in our project development capabilities and overall strength. We look forward to deepening our relationship with CMBC which we believe will serve as an example for future DG project financing agreements in China and are eager to begin working together on our strong pipeline of projects."

SHANGHAI, July 7, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will become the sole PV facility provider for Tsinghua University's 'Dream Grid' Plan.

The 'Dream Grid' Plan was founded by Tsinghua University's Department of Electronic Engineering in an effort to provide students with a means to give back to society in a socially responsible way. Students will apply the knowledge they've acquired at the university to provide children in the Tibetan-inhabited areas of Sichuan Province with a clean and sustainable energy supply. JinkoSolar will partner with Tsinghua University to implement the 'Dream Grid' Plan in Gonggashan, Kangding County, Ganzi Tibetan Autonomous Prefecture in Sichuan Province and plan to build a mobile signal tower along with a micro-grid system to provide a basic power supply for Gonggashan center school and Gonggasha Yulong West Village School.

"We're very pleased to be invited as the sole PV facility provider for Tsinghua University's 'Dream Grid' Plan. We're also very happy to bring clean energy to Ganzi Tibetan Autonomous Prefecture by working together with Tsinghua students," commented Mr. Kangping Chen, CEO of JinkoSolar. "We plan on providing domestic universities across China with more extensive experience through project based platforms such as this as we work to fulfill our social responsibility and cultivate local talent for the greater good. In the future JinkoSolar plans to explore more research development, joint training, and corporate social responsibility plans with universities."

"After careful consideration and filtering, we have chosen JinkoSolar as our sole PV facility sponsor," commented Mr. Qingguang Yu, Adjunct Professor of Department of Electronic Engineering at Tsinghua University. "We are pleased to see JinkoSolar strongly support the 'Dream Grid' and as we work together to take on greater social responsibility, something that JinkoSolar and Tsinghua share in common."

SHANGHAI, June 6, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today commented on the U.S. Department of Commerce's ("DOC") preliminary decision on its countervailing duty ("CVD") investigation of imports of certain crystalline silicon photovoltaic products from the People's Republic of China.

The DOC's preliminary findings determined that producers and exporters in China will be subject to a countervailing subsidy rate ranging from 18.56% to 35.21%. According to the findings, JinkoSolar will be subject to a preliminary subsidy rate of 26.89%; at the mid-point of the range.

"We are disappointed to see the DOC's preliminary decision and believe that this will have a negative impact on the solar industry and will ultimately end up hurting US customers and US solar jobs the most," commented Mr. Xiande Li, Chairman of JinkoSolar. "Ill-conceived trade barriers such as these only aid in reducing the competitiveness of solar energy against other forms of power generation. JinkoSolar has fully cooperated with the relevant authorities throughout the investigation and will continue to do so in the hope that international trade and fair competition will eventually prevail. While we respect the DOC's decision, we strongly disagree with it. With a balanced and geographically diverse customer base, the tariffs are unlikely to have a significant impact on our entire business. We will continue to actively serve our customers in the US while we seek out other growth opportunities."

First Quarter 2014 Financial Results

• Total revenues were RMB2.0 billion (US$323.9 million), representing a decrease of 8.0% from the fourth quarter of 2013 and an increase of 73.1% from the first quarter of 2013.
• Non-GAAP basic and diluted earnings per ADS were RMB1.24 (US$0.20) and RMB1.12 (US$0.20), respectively, in the first quarter of 2014.

"I am pleased to report a strong start to the year as we record our fourth consecutive quarter of profitability, well within our previously issued guidance," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. "We continued to expand our manufacturing and downstream businesses by increasing our geographic reach, further cutting costs and keeping gross margins stable. We are confident in our ability to deliver solid results for the year as we benefit from the high gross margins in our module business and the growing profits from our downstream business."

"Our new revenue stream from power generation increased 62.3% sequentially to RMB48.4 million as we generated a record 50 million kWh of energy during the quarter. We believe that project development will quickly rebound in the second quarter, as we work to connect 140MW worth of PV projects to the grid and begin constructing another 200MW to 250MW."

"Our geographic footprint continued to grow, as we expanded into new emerging markets. We also maintained our market leading position in China, where we anticipate a strong second quarter and second half of the year. Shipments to the US and Japan now account for approximately 30% of total shipments as we expanded our presence there to take advantage of higher ASPs. We continue to see shipments to new emerging markets such as South Africa, Chile and India increase as we leverage our position there as one of largest module suppliers. We expect module shipments to increase by approximately 30% next quarter and are confident we will meet our full year guidance."

"We remain a PV technology leader. Last week we proudly unveiled our new series of 'Eagle +' modules which have been engineered to reliably reach 275 watts of peak power output, a new record for mass-produced and commercially available modules in the market."

"I am proud of what we have accomplished during the quarter and am eager to see our investments in diverse revenues streams bear fruit. Despite the one-time foreign exchange loss, we will continue to prudently manage our business going forward as we develop to a one-stop energy solution provider."

Operations and Business Outlook

Second Quarter and Full Year 2014 Guidance

For the second quarter of 2014, total solar module shipments are expected to be between 570 MW and 600 MW. For the full year 2014, total solar module shipments are expected to be between 2.3 GW and 2.5 GW, with total project development scale expected to be above 400MW.

SHANGHAI, May 22, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has unveiled its new 'Eagle+' series of solar modules at the SNEC PV POWER EXPO on May 21, 2014 in Shanghai. Like its predecessor, the world's first potential induced degradation ("PID") free modules certified under weather conditions of 85 Degrees Celsius and 85% relative humidity, which were launched in January 2013, the 'Eagle+' series which is comprised of JinkoSolar's 60 piece poly module has been engineered to reliably reach 275-watts of peak power output: a new record for mass-produced and commercially available modules.

The 'Eagle+' series modules feature JinkoSolar's innovative cell and assembly technology which enables them to remain PID free under weather conditions of 85 Degrees Celsius and 85% relative humidity, 10 times higher than International Electrotechnical Commission (IEC) standards. Using new materials and technology, the 'Eagle+' series of modules reduces the possibility of snail trailing and yellowing resulting from long-term use to almost zero, representing a new standard for high performance and reliability in the market.

"Technical innovations such as these have radically changed this industry," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar. "As a global leader in the PV industry, we are proud to be at the forefront of technology by delivering the products the market demands. As such, we are demonstrating JinkoSolar's commitment to consistently delivering the most reliable solar technology and the best quality products."

SHANGHAI, May 9, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that it will supply 35 MW of solar PV modules to Clenera, a leading clean energy finance and management firm, for the construction of the Avalon Solar Project. According to terms of the agreement, groundbreaking is expected to begin during the second quarter of 2014, with an anticipated completion date during the fourth quarter of 2014. Swinerton Renewable Energy will provide engineering, procurement, and construction services for the project.

Located in Pima County, Arizona, this large-scale solar system will be built on 500 acres of land adjacent to the Mission Mine Complex. The site was chosen for its compliance with an Environmental Protection Agency ("EPA") program established with the objective of constructing renewable energy projects on abandoned land, including old mining sites. The project will create up to 300 construction jobs, and will generate nearly $4 million in local property tax revenue. 114,750 pieces of JinkoSolar 305W high efficiency PV modules will be used in the project, which is expected to produce enough energy to power over 7,000 homes, saving approximately 53,000 tons of carbon dioxide (CO2) -- which is comparable to removing 11,000 cars from the road. The power will be sold to Tucson Electric Power Company, helping to achieve the Arizona state mandate of 15% renewable energy generation by 2025.

"Swinerton is excited to continue our successful partnership with JinkoSolar and Clenera -- both innovative leaders in renewable energy -- to bring jobs and years of clean power to Arizona residents," commented George Hershman, Vice President and Division Manager of Swinerton Renewable Energy.

"We are very pleased to work with the Clenera and Swinerton team's again on a second US project and one of the largest solar projects in Arizona," said Mr. Nigel Cockroft, JinkoSolar's US General Manager. "Our commitment to our product's quality and outstanding service has propelled us to collaborate with these industry leaders."

SHANGHAI, May 6, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it reaffirms its guidance for the first quarter of 2014 and full year 2014: total solar module shipments are expected to be in the range of 440 MW and 470 MW for the first quarter of 2014 and total solar module shipments are expected to be in the range of 2.3 GW to 2.5 GW, with total project development scale expected to be above 400 MW for the full year 2014.

The Company plans to release its unaudited financial results for the first quarter ended March 31, 2014 before the open of U.S. markets on Tuesday, May 27, 2014.

SHANGHAI, May 2, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it signed contracts to supply 100 MW of PV modules for two PV projects in Chile.

Both projects are located in Chile's Atacama Desert region, which has one of the highest irradiation levels in the world. The Lalackama PV plant, the first of the two projects, will consist of 60 MW and will include 197,000 JinkoSolar high-efficiency PV Solar modules. The project is expected to generate approximately 132 millions of kWh of electricity annually. The second of the two projects will consist of 40 MW and is located in the Municipality of Diego De Almagro, the plant is expected to generate approximately 88 millions of kWh of electricity power annually.

"We are very proud to have further solidified our position as one of the largest PV module suppliers in Chile," said Mr. Alberto Cuter, JinkoSolar's Sales Director of Emerging Market. "The increase in demand for renewable energy has turned Chile into one of the principal solar markets, and by signing those contracts, we are continuing our strategy to diversify into emerging markets. We now have the largest market share in Chile, marking a new milestone for JinkoSolar. Our expanding presence in Chile's renewable energy market demonstrates our commitment to the development of clean energy in Latin America."

SHANGHAI, April 30, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry has announced that it will supply 38.7 MW of PV Modules to EDP Renovaveis, a leading Independent Power Producer (IPP) in the global renewable energy sector, for two solar parks in San Bernadino County, California.

JinkoSolar will provide approximately 120,000 high-efficiency solar panels for the construction of both the Lone Valley Solar Park I (12.4MW DC) and Lone Valley Solar Park II (24.8MW DC) projects, in Lucerne Valley, California. Both projects are expected to connect to the grid in 2014 allowing clean energy to be supplied to 5,000 homes in San Bernardino County.

"We are excited to be working with EDP Renovaveis, an extremely reputable IPP company on these two large projects," said Mr. Nigel Cockroft, JinkoSolar's US General Manager. "This partnership with EDPR in the U.S. is the beginning of a great working relationship, and we are committed to providing excellent service and high quality modules to support these long-life power plants.

SHANGHAI, April 28, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that it has signed a 21.09MW solar PV module supply agreement with Nan Xin Solar, a subsidiary of China Southern Power Grid, for a distributed roof-top project located in Foshan, Guangdong Province.

Located in San Shui Park, Foshan Hi-tech Industrial Development Zone, the project will be using 84859 JinkoSolar high-efficiency modules. Delivery is expected to begin in May 2014. Nan Xin Solar is the owner and investor for the project.

"Creating mutually beneficial partnerships such as our cooperation with China Southern Power Grid is an incredibly important part of JinkoSolar's strategy," commented Mr. Xiande Li, Chairman of JinkoSolar. "Having seen success in China's western and eastern regions, we are establishing a strong relationship with China Southern Power Grid to extend our business into southern China. This project demonstrates that JinkoSolar's PV modules are ideally suited for both utility scale and roof-top projects; further strengthening the Company's leadership position in the world's largest solar market. We look forward to cooperating with China Southern Power Grid on future projects."

SHANGHAI, April 16, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its 24MW solar PV power plant in Xinyi, Jiangsu Province and 15MW solar PV power plant in Lianyungang, Jiangsu Province were successfully connected to the grid. The company has so far successfully connected to the grid for more than 252 MW of solar PV power projects.

The 24MW Xinyi and 15MW Lianyungang power plants were granted blended 20-year subsidies of 1.125 RMB/KWh and 1.1 RMB/KWh, respectively, including subsidies from the local government. Both locations are among areas with the highest insolation level in Jiangsu Province.

"These two new projects are just the beginning as we focus on improving our competitive position in project development in China," commented Mr. Xiande Li, Chairman of JinkoSolar. "Having been successful in Western China, we are now expanding our downstream business into China's eastern provinces. The addition of these two successful projects demonstrates our commitment to expanding eastward as we continue to grow our PV project portfolio in 2014."

SHANGHAI, April 8, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has signed a distribution agreement with PROINSO India.

According to the terms of the agreement, PROINSO will begin distributing JinkoSolar solar PV modules through its extensive sales network in India. PROINSO will make use of its Mumbai office, experienced professionals who staff it, and 125 qualified installers who form part of its network in India.

Kunal Chandra, Head of PROINSO India, highlighted the importance of this new agreement by commenting, "Over the past three years, we have supplied more than 100 MW of PV modules and have provided installation services for over 150 projects across India. We are extremely careful in choosing our partners and chose to build a relationship with JinkoSolar given their excellent reputation and strength across the entire solar spectrum. India has significant fundamental growth drivers in its solar market and we are intent on playing a major role in its development by laying a stronger foundation. We are confident that we have chosen the right partner in JinkoSolar, a company that shares the same long-term vision. JinkoSolar's technology, financials and commercial strategy makes it the leading choice for Tier 1 module manufacturers."

"PROINSO's unique business model is driving real growth in the Indian distribution market and we're pleased to partner with them," commented Mr. Xiande Li, Chairman of JinkoSolar. "PROINSO has a solid reputation for providing customers with high-quality, high-efficiency products, making them a perfect match with our corporate culture. This agreement further strengthens our industry leading customer base and reflects our strong position in the Indian market."

SHANGHAI, April 3, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has entered into RMB214.4 million (approximately US$ 39 million) loan agreement with China Development Bank ("CDB") to finance two PV solar projects in Xinjiang and Gansu Provinces.

According to the terms of the agreements, CDB's Xinjiang Branch will provide a 18-year loan totaling RMB141.4 million to finance JinkoSolar's 20MW project located in Alaer, Xinjiang Province while the Gansu Branch will provide a 15-year loan totaling RMB100 million to finance JinkoSolar's 15MW project located in Jinchang, Gansu Province. The two projects were connected to the grid at the end of 2013.

"We are very pleased to see CDB recognize the value of its relationship with JinkoSolar by funding these two projects," commented Mr. Xiande Li, Chairman of JinkoSolar. "These projects are another demonstration of JinkoSolar's success in the development and construction of utility-scale solar power plants as well as our financing capabilities. With the support of CDB and the expertise of our experienced project development teams, we focused on achieving our full year plan of connecting more than 400 MW of downstream projects."

Fourth Quarter 2013 Financial Results

• Total revenues in the fourth quarter of 2013 were RMB2.19 billion (US$361.4 million), representing an increase of 11.5% fromRMB1.96 billion in the third quarter of 2013 and an increase of 87.5% from RMB1.17 billion in the fourth quarter of 2012.
• Non-GAAP basic and diluted earnings per share in the fourth quarter of 2013 were RMB2.03 (US$0.34) and RMB1.95 (US$0.32), respectively. This translates into non-GAAP basic and diluted earnings per ADS of RMB8.12 (US$1.36) and RMB7.80 (US$1.28), respectively, in the fourth quarter of 2013.

"Having recorded our third straight quarter of profitability, I am proud to report another strong performance as we continue to expand our manufacturing and downstream businesses," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. "From the third quarter we delivered on our promise to achieve net profitability for the entire year. We closed out 2013 on a stronger footing by further cutting costs and improving gross margins for the fourth quarter to an industry-leading 24.7%. With total product shipments for the year reaching an all-time high of approximately 2 GW and a new revenue stream from our rapidly expanding downstream business, we have only increased our ambitions."

"As the market evolves, we are devoting a substantial amount of our resources towards JinkoSolar's transformation into a one-stop energy solution provider. During the quarter, we connected a total of 108 MW worth of solar PV projects to the grid through five solar PV projects in China's Xinjiang Uyghur Autonomous Region and Gansu Province. With 213 MW worth of solar PV projects connected to the grid as of December 31, 2013, we have already completed our 2013 target and are preparing for the more than 400 MW worth of projects we have earmarked for 2014. We currently have a total pipeline of more than 700 MW in utility scale and more than 400 MW in distributed systems. We are in a unique position to directly benefit from the expected growth in the rapidly expanding downstream project business that has only just begun to show potential. With gross and net margins for our downstream business exceeding 60% and 30% respectively, the Board of Directors has authorized an ambitious plan to explore strategic alternatives to JinkoSolar's downstream solar PV project business. China's National Energy Administration's 2014 14 GW installation target and strong interest from local governments has given us great confidence that demand for renewable energy systems will continue to increase. While revenue generated from these projects continues to grow in scale, we expect that it will represent a larger portion of our profit and help maximize shareholder value as we move forward."

"During the quarter, we established a new R&D center with a team of approximately 100 talented employees. This investment in our future will provide us with the tools we need to continue developing innovative products and technologies, such as our next generation high efficiency cells, super PID-free technology, and the Smart Modules we recently unveiled at the PV Expo in Japan, as well as the Eagle II modules that will begin mass production soon."

"As we steadily gain market share in important markets such as the US and Japan, we also maintain our established advantages inChina, Europe and South Africa, making our geographic mix more balanced and sustainable. We recently increased our capacity by beginning to operate Topoint's manufacturing assets which will help us address growing demand and further increase our vertical integration."

"We raised approximately US$272 million in net proceeds from our concurrent offerings of ADSs and convertible senior notes in January. The proceeds will be used to supplement the working capital needed for project investment and manufacturing. I am confident that we will see sustainable and long-term return on this capital. With another strong quarter behind us and a solid finish for the year, this vote of confidence in us by both investors from capital markets and customers from end-markets has further energized our ambition to build on our position as one of the global leaders in the solar PV industry. Having successfully navigated through the industry's toughest times, we look forward to leveraging the investments we made in our downstream expansion, technology, client relationships, cost structure and brand equity to drive future growth."

Operations and Business Outlook

First Quarter and Full Year 2014 Guidance

For the first quarter of 2014, total solar module shipments are expected to be between 440 MW and 470 MW. For the full year 2014, total solar module shipments are expected to be in the range of 2.3 GW to 2.5 GW, with total project development scale expected to be above 400 MW.

SHANGHAI, Feb. 26, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will launch a new series of Smart Modules at the PV Expo in Japan on February 26, 2014.

JinkoSolar Smart Modules correct mismatch issues towards cells and module strings by using embedded cell optimizer ICs that provide sub-panel level Maximum Power Point Tracking (MPPT) functions. This allows any underperforming cell or module strings to continue contributing power to the string while not restricting the flow of the others. The Smart Modules will also significantly minimize the risk of hot spots which are the primary cause of module failure. Electricity generation increases approximately 20% when compared with standard solar modules which tend to have difficulty operating in unfavorable conditions such as in the shade, under clouds that aren't oriented properly.

"We are pleased to introduce the latest advancement in JinkoSolar technology. Our Smart Modules will significantly improve working performance for the PV system. With the introduction of a new generation of smart modules, JinkoSolar will continue to provide customers with affordable clean energy choices," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar.

SHANGHAI, February 24, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will launch a new series of Smart Modules at the PV Expo in Japan on February 26, 2014.

JinkoSolar Smart Modules correct mismatch issues towards cells and module strings by using embedded cell optimizer ICs that provide sub-panel level Maximum Power Point Tracking (MPPT) functions. This allows any underperforming cell or module strings to continue contributing power to the string while not restricting the flow of the others. The Smart Modules will also significantly minimize the risk of hot spots which are the primary cause of module failure. Electricity generation increases approximately 20% when compared with standard solar modules which tend to have difficulty operating in unfavorable conditions such as in the shade, under clouds that aren't oriented properly.

"We are pleased to introduce the latest advancement in JinkoSolar technology. Our Smart Modules will significantly improve working performance for the PV system. With the introduction of a new generation of smart modules, JinkoSolar will continue to provide customers with affordable clean energy choices," commented Mr. Kangping Chen, Chief Executive Officer of JinkoSolar.

SHANGHAI, February 19, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a leading global solar PV power product manufacturer, today announced that it has entered into an agreement with Premium Energy Co. Ltd ("Premium Energy") to supply photovoltaic modules to the Swiss Embassy in Tokyo, Japan. This will be the first clean energy project constructed on the Swiss Embassy in Japan.

According to the terms of the agreement, JinkoSolar will supply its distributor, Premium Energy, with 49.41kW of high-efficiency mono JKM270M-60-J 270W solar modules for the Swiss Embassy in Tokyo.

"We are pleased to have been offered a role in this special project with the Swiss Embassy in Tokyo and Premium Energy," commented Mr. Xiande Li, Chairman of JinkoSolar. "This is an iconic project in Japan. I'm glad to see that all parties involved share a mutual vision: optimize the energy mix and take responsibility for a greener future."

SHANGHAI, Jan. 22, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced the closing of its offering of 3,750,000 American Depositary Shares (the "ADSs"), each representing four ordinary shares of the Company, par value US$0.00002 per share (the "ADS Offering"). The Company also closed the concurrent offering of US$150.0 million in aggregate principal amount of 4.00% convertible senior notes due 2019 (the "Notes"), including US$20.0 million in aggregate principal amount of the Notes sold pursuant to the initial purchaser's full exercise of its option to purchase additional Notes (the "Notes Offering"). The Company received aggregate net proceeds of approximately US$272.1 million from these offerings, after deducting discounts and commissions but before offering expenses.

SHANGHAI, January 16, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it priced the offering of 3,750,000 American Depositary Shares (the "ADSs"), each representing four ordinary shares of the Company, par value US$0.00002 per share (the "ADS Offering"), at US$35.25 per ADS. The Company also priced the concurrent offering of US$130.0 million in aggregate principal amount of convertible senior notes due 2019 (the "Notes") (the "Notes Offering"). These offerings, which are subject to customary closing conditions, are expected to close on January 22, 2014. The ADS Offering was upsized from 2,750,000 ADSs and the Notes Offering was upsized from an aggregate principal amount of US$100.0 million.

The Notes will be convertible into ADSs at an initial conversion rate of 21.8221 ADSs per US$1,000 principal amount of the Notes (equivalent to an initial conversion price of approximately US$45.825 per ADS), subject to adjustments under certain circumstances. The initial conversion price for the Notes represents an approximately 30.0% conversion premium over the ADS Offering price of US$35.25 per ADS. The Notes will accrue interest at an annual rate of 4.00%. Interest on the Notes will be payable semiannually in arrears on February 1 and August 1 of each year, beginning August 1, 2014. The Notes will mature on February 1, 2019, unless previously repurchased or converted in accordance with their terms prior to such date.

JinkoSolar intends to use the net proceeds from these offerings for general corporate purposes, which may include expanding manufacturing capacity, the development of solar power projects and working capital. The Company's management will retain broad discretion over the use of proceeds, and the Company may ultimately use the proceeds for different purposes than what it currently intends. Pending any ultimate use of any portion of the proceeds from the offerings, the Company intends to invest the net proceeds in short-term, marketable instruments.

Credit Suisse Securities (USA) LLC ("Credit Suisse") is acting as sole book-running manager for the ADS Offering and the Notes Offering. JinkoSolar has granted Credit Suisse a 30-day option to purchase up to an additional 562,500 ADSs in connection with the ADS Offering and another 30-day option to purchase up to an additional US$20.0 million aggregate principal amount of the Notes in connection with the Notes Offering.

The closing of the Notes Offering is contingent upon the closing of the ADS Offering, and the closing of the ADS Offering is contingent upon the closing of the Notes Offering.

The ADS Offering has been made pursuant to the Company's shelf registration statement on a Form F-3/A filed with the Securities and Exchange Commission on August 14, 2013, which became effective on August 15, 2013, and a registration statement on Form F-3 pursuant to Rule 462(b) under the Securities Act of 1933, as amended (the "Securities Act"), which became effective on January 16, 2014. The Company's registration statements on Form F-3 and Form F-3/A and preliminary prospectus supplement are available from the SEC website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus describing the ADS Offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, at Eleven Madison Avenue, New York, New York 10010-3629 or by telephone at (800) 221-1037.

SHANGHAI, Jan. 14, 2014 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced the commencement of the offering of 2,750,000 American Depositary Shares (the "ADSs"), each representing four ordinary shares of the Company, at par value US$0.00002 per share (plus up to an additional 412,500 ADSs pursuant to an over-allotment option) (the "ADS Offering"), and a concurrent offering of up to US$100.0 million in aggregate principal amount of convertible senior notes due 2019 (the "Notes") (plus up to an additional US$15.0 million aggregate principal amount pursuant toan over-allotment option) (the "Notes Offering"). The offerings are subject to market conditions and other factors.

SHANGHAI, January 13, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its Board of Directors has authorized the exploration of strategic alternatives with respect to JinkoSolar's downstream solar PV project business. The Board intends to consider a broad range of alternatives including, but not limited to, an IPO, pre-IPO financing or merger and acquisition of the business.

"We believe that the separation will support the sustainable growth of our downstream PV project business, and the Board of Directors and management team are always committed to further enhancing value for all JinkoSolar shareholders," said Mr. Xiande Li, Chairman of JinkoSolar. "Given that our downstream PV project business is expected to exceed 500MW of installed capacity by the end of 2014 and with the clear commitment of the Chinese government to renewable energy, solar energy in particular, and a growing market, we believe now is an appropriate time to prudently explore strategic alternatives for this business."

JinkoSolar management, together with its financial and legal advisers, will explore strategic alternatives, including the exploration of the separation of its solar PV projects business into a separate company through a spin-off or other transactions that will benefit the Company's shareholders.

The Company would like to note that there can be no assurance that the Board of Directors' authorization above will result in any transaction, or that any transaction, if pursued, will be consummated.

SHANGHAI, Jan. 10, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has reached an agreement to operate the restructured manufacturing assets of Zhejiang Topoint Photovoltaic Co., Ltd., Zhejiang Yutai Photovoltaic Material Co., Ltd., Zhejiang Weishida Photovoltaic Material Co., Ltd., and Zhejiang Jiutai New Energy Co., Ltd., collectively known as Topoint, beginning January 13, 2014. The manufacturing assets of Topoint include 500 MW capacity for silicon wafers, 500 MW for PV cells, and 100 MW for PV modules.

Topoint is a high-tech PV manufacturer with production and R&D facilities located in the Huangwan Industry Park in Haining,Zhejiang Province. It is currently undergoing restructuring under the supervision of the Haining City government and the Haining City People's Court.

JinkoSolar was invited by the bankruptcy administrator and the Haining City government to participate in Topoint's reorganization, in light of JinkoSolar's extensive operating experience, solid balance sheet and reputation for advanced technology. Pursuant to a leasing agreement entered into between the Company and the bankruptcy administrator, the Company will operate the manufacturing assets of Topoint starting from January 13, 2014 until the completion of the reorganization. After the reorganization, JinkoSolar plans to take ownership of Topoint and continue to operate the manufacturing assets.

If JinkoSolar is ultimately approved to become the owner of Topoint upon completion of the reorganization, Topoint's assets will allow the Company to continue to address the increasing demand for its solar products from its growing customer base. With the addition of Topoint's production facilities, JinkoSolar's annual silicon wafer and ingot, solar cell, and solar module production capacity will be approximately 2.0 GW, 2.0 GW and 2.1 GW, respectively.

"We are delighted to reach an agreement to operate Topoint's assets," commented Mr. Kangping Chen, JinkoSolar's chief executive officer. "Topoint's high-quality assets, consisting of technologically advanced and recently purchased equipment, will enable us to cost-effectively meet the growing demand of our strong international customer base. We believe that the geographic proximity of our existing facilities in Haining City with Topoint's assets will allow us to leverage our existing logistical infrastructure to efficiently integrate Topoint's assets. As the industry continues to consolidate, we expect dominant PV industry players to continue to acquire the high-quality assets of companies exiting the industry. As an industry leader, JinkoSolar has differentiated itself with a proven strategy that allows us to selectively participate in the reorganization of companies with synergistic assets. This agreement expands our capacity to provide various solar products and improves our cost structure and we look forward to leveraging these synergies to take advantage of the bright future of solar energy."

SHANGHAI, January 6, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that it has entered into project loan agreements with China Development Bank ("CDB"). Pursuant to the agreements, the Zhejiang Branch of CDB will provide a RMB400 million (approximately US$66 million) loan to the Company to develop JinkoSolar's three PV solar projects located in Xinjiang and Qinghai Provinces. As a prioritized corporate client, JinkoSolar has been provided an authorized domestic credit line up to RMB3 billion (approximately US$494 million) for solar project financing by CDB.

According to the terms of the agreements, the Zhejiang Branch of CDB will provide a 15-year loan totaling RMB400 million which will be used to finance three PV solar power plant projects in Xinjiang and Qinghai Provinces. Consisting of a total of 50MW, the projects were developed by JinkoSolar and connected to the grid in the fourth quarter of 2013, and are qualified for China's national feed-in-tariff of RMB1.00 per kW/h. The company will continue to work closely with CDB for financing more solar PV projects.

"As a global leader in the solar PV industry, we are very pleased to extend our deep relationship with CDB, a well know financial institution with substantial investment experience in the solar sector," said Mr. Xiande Li, Chairman of JinkoSolar. "These loan agreements will secure a long-term, stable source of capital for our projects in Xinjiang and Qinghai. The loan facility also demonstrates CDB's trust and confidence in the Company's strength and project development capabilities. The financing will be used to expand our downstream business as we focus on developing future projects in order to meet the growing demand for green energy and create sustainable returns for our shareholders."

SHANGHAI, Dec. 27, 2013 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that four of its solar PV projects totaling 80MW in Xinjiang Uygur Autonomous Region have been successfully connected to the national grid. As of the end of the fourth quarter of 2013, the Company has connected approximately 213MW worth of solar PV projects to the grid.

With the connection of these four solar PV projects located in Alar, Shaya, Bohu and Wusuin Xinjiang Uygur Autonomous Region (each accounting for 20MW with a total of 80MW) to the grid, JinkoSolar has successfully completed its project connection plan for the year 2013, reaching approximately 213MW worth of solar PV projects connected to the grid. With an annual power generation capacity approaching 324 million kWh, all 213MW projects are qualified for China's national feed-in-tariffs over 20 years at the rate ofRMB1.00 per kW/h (with 10MW qualifying for RMB1.15 per kW/h). Overall, these projects are expected to reduce CO2 emissions by 256,000 tons annually, saving about 110,000 tons of standard coal per year.

"I am proud to report that we have reached our 2013 project connection target," said Mr. Xiande Li, Chairman of JinkoSolar. "We will continue to expand our downstream business and aim to reach an aggregate amount of more than 500MW worth of projects by the end of 2014, representing an annual power generation capacity of 750 million kWh. With the clear commitment of the Chinese government to renewable energy, solar energy in particular, and a gradually maturing market, we are eager to generate more green energy as well as good returns for our investors."

SHANGHAI, December 20, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will partner with Beijing University's Solar Power Engineering Center to construct the University's first experimental PV power plant on campus which will be used for collecting and analyzing data on the power generation capabilities of PV modules when exposed to various conditions.

The experimental system will be constructed on the rooftop of Beijing University's Mechanics Laboratory Building. Research will be conducted on a number of PV modules and inverters while they are exposed to various conditions. JinkoSolar will provide modules for the system and jointly participate in the research.

"We are very pleased to partner with Beijing University on this experimental PV power plant. We hope that this project will mark the starting point of a long-term relationship," Mr. Xiande Li, Chairman of JinkoSolar commented. "We look forward to developing relationships with other universities and scientific research institutions in an effort to improve communication between academic and industrial circles, even on the aspect of cultivating the talent in the industry, we will create mutual benefits for all parties."

"Our teachers and students will be using this PV power plant as a base for future experiments in an effort to better understand PV solar application. We appreciate all the support and effort JinkoSolar has put into making this project a reality. The University's PV Research Group will use the data generated by the system and analysis results to provide further insight for PV engineering design," added Dr. Dong Wang, Professor of Beijing University.

SHANGHAI, December 2, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that it has signed a strategic cooperation agreement with the local government of Lingwu City ("Lingwu"), Ningxia Hui Autonomous Region, to develop a 200 MW ground-mounted PV power plant.

Under the terms of the agreement, JinkoSolar will invest and build PV industrial base in Lingwu. JinkoSolar will build a 200MW ground-mounted PV power plant and invest in a number of PV related supporting facilities in Lingwu. The project will begin contraction according to the approval status of the local Development and Reform Commission, allowing for the power generated from the plant to be connected to the State Grid. The investment related to the project is expected to be approximately RMB 4.6 billion.

"We are very pleased to have this opportunity to cooperate with Lingwu City in the development of this significant comprehensive renewable energy project. The selection of JinkoSolar further solidifies our leadership position in the domestic solar PV market, especially on project development side. Our high quality pipeline of projects and stable cash flows from downstream business ensure the good return of our investors," commented Mr. Xiande Li, Chairman of JinkoSolar.

Third Quarter 2013 Financial Results

• Total revenues in the third quarter of 2013 were RMB1.96 billion (US$320.7 million), representing an increase of 11.2% fromRMB1.76 billion in the second quarter of 2013 and an increase of 47.6% from RMB1.3 billion in the third quarter of 2012
• Non-GAAP basic and diluted earnings per ADS were RMB8.72 (US$1.44) and RMB8.40 (US$1.36), respectively in the third quarter of 2013.

"I am very proud to report JinkoSolar's second consecutive quarter of profitability following robust quarter-over-quarter growth in revenue, module shipments, and gross margins," commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. "We have picked up considerable momentum from the strategic investments we made during the downturn. During that time, we successfully penetrated new markets, broadened our geographic reach, and expanded our downstream business, which has already resulted in net profitability for the entire year, a goal we initially set for ourselves to complete by the end of 2013. We now look forward to closing out the year on an even stronger footing. JinkoSolar is now solidly among the leading global solar PV companies with gross margins that have steadily improved to 22.3% thanks to our leading cost structure, improving global ASPs and growing profits from solar projects. I believe our strong operational and financial performance demonstrates management's effectiveness and ability to execute its strategy. Having regained profitability for a second quarter, and having achieved net profitability for the entire year a quarter ahead of schedule, we are now devoting our substantial resources and attention towards growing our core PV business and to rapidly expanding our downstream business."

"The follow-on public offering of 4,370,000 ADSs we issued during the quarter is another vote of confidence by the market in our future and the direction we are headed. We raised approximately US$67.8 million to further improve our working capital and cash reserves and are eager to put the cash to work. The capital will be used to supplement our working capital and invested into one of the most exciting business segments: our downstream solar projects."

"Our transformation from a traditional manufacturer to a one-stop energy solution provider is truly an exciting business and I am very optimistic about the opportunities this will bring. We have already connected 105MW to the grid so far and are focused on connecting another 108MW during the fourth quarter of 2013. This will be followed by an additional 300MW earmarked to be connected by the end of 2014 with the support of financial partners such as China Development Bank, as we plan to focus more on distributed PV systems. The Chinese government recently increased its solar installation target for 2014 by 20% to 12GW, a clear commitment towards renewable energy that is expected to result in increased demand for both solar farms and distributed PV systems. Our pipeline now includes 700MW in utility scale projects and more than 400MW for distributed systems, putting JinkoSolar in a unique position to benefit greatly as this market grows. While still in its early stages, this growing revenue stream is currently generating revenues from power sales and services related to solar power projects. This quarter we recognized meaningful electricity revenue for the first time, accounting for approximately RMB 40 million in revenue from our downstream business where gross margins and net profit margins exceed 60% and 30%, respectively. With the number and scale of our projects growing rapidly, we expect that this revenue stream will contribute meaningfully to our profit in the future."

"Our state-of-the-art products continue to lead the global PV industry in terms of technology and efficiency. During the quarter, we completed preliminary research on an advanced version of our 'Eagle' series of modules which we call 'Eagle +'. These new modules continue the tradition set by earlier 'Eagle' modules by being certified PID free, but with higher power output and lighter in weight, making them ideal for rooftop installations and extreme weather geographies. JinkoSolar's multicrystalline cells have now achieved conversion efficiency of 18.5% in lab tests. With this technology expected to be utilized in mass production next year, these results have been confirmed by third party institutions including TUV NORD and the National PV Product Quality Inspection Center. Our "smart modules" are currently in the process of undergoing internal reliability tests following the completion of function testing earlier this year. I am very excited about the potential these "smart modules" will provide to our customers and I believe they will revolutionize the way in which solar modules are managed and optimized. With ASPs continuing to stabilize and demand for our solid portfolio of products growing, we are well situated to take full advantage of our strong relationships across the globe and constant investment into R&D to leverage our technological leadership in solar product development."

"Our exposure globally has continued to grow as we leverage our reputation to diversify our geographic presence globally. As European markets slow, we continue to seek out new opportunities in exciting solar markets such as China, Japan, US, South Africa, and India."

"In summary, with another quarter of profitability behind us, I am optimistic about the opportunities ahead of us as we confidently look towards the future. Even during the toughest times, we never lost the hope or courage we needed to push forward as one of the industry leaders. We continue to manage our business prudently, and have thus been able to adjust our vision and hone our ability to strategically execute. I believe that our industry leading technology, cost structure, steady downstream expansion and brand recognition have yielded a formula for our robust, sustainable future growth."

Operations and Business Outlook

Fourth Quarter and Full Year 2013 Guidance

For the fourth quarter of 2013, we expect total solar module shipments to be in the range of 500MW to 530MW.

Full Year 2013 total solar module shipments have been revised upwards, and will now be in the range of 1.7 GW to 1.8 GW compared to the previous guidance of 1.5 GW to 1.7 GW. By the end of the year, total operational solar PV projects are expected to be in the range of 210MW to 230MW.

SHANGHAI, October 18, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the solar PV industry, today announced that it has signed a strategic agreement with the local authority in Electromechanical Industrial Park, Zhenjiang New Area, Jiangsu Province, to develop 120 MW distributed PV power plant within 3 years. It will be the largest distributed PV power plant in China upon its completion.

With a total investment of more than RMB 1 billion, the project covers an area of approximately 1.2 million square meters and is designed for commercial and residential rooftop installations in Zhenjiang New Area, Jiangsu Province. JinkoSolar will be responsible for project declaration, investment, EPC, operation and maintenance. Following completion, the rooftop's owners will be able to self-generate and consume the energy and allow for excess power to be sold back to the state grid with the distributed on-grid power tariff.

"The strategic agreement signed with the local authority in Electromechanical Industrial Park, Zhenjiang New Area will aid the development of medium and small-sized distributed PV power plants in commercial areas and residential communities of eastern China, and is in line with the Chinese government's policies to develop distributed energy," commented Mr. Xiande Li, Chairman of JinkoSolar. "With JinkoSolar's renewable energy solutions, sustainable and stable clean energy sources will be provided to the properties in the area. We are glad to promote the development of distributed energy in China with the local authority in Electromechanical Industrial Park, Zhenjiang New Area, and at the same time demonstrate the important role renewable energy technology plays in boosting the sustainable development of local economy and environmental conditions."

"As a national economic technological development zone, Zhenjiang New Area has been complying with the Chinese government's policies on energy savings and emissions reduction. We hope to use stable, reliable and clean energy to provide power for the whole area. JinkoSolar is a highly recognized and respected company that has a large share of the domestic and overseas market. Its outstanding technologies and advanced environmentally friendly philosophy make JinkoSolar the ideal choice," Mr. Jianmin Xia, head of the management office of Electromechanical Industrial Park in Zhenjiang New Area, commented.

SHANGHAI, September 30, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it will supply 20MW of highly-efficient solar modules to the State Grid Corporation of China ("SGCC"), the world's largest utilities company for the Second Phase of China's National Wind/PV/Energy Storage and Transmission Joint Demonstration Project.

The project consists of 60 MW divided into 3 tenders, and JinkoSolar has got the 20MW contract. According to the agreement, JinkoSolar will deliver the solar modules during the fourth quarter of 2013.

The project locates in Zhangbei County, Hebei Province, covering approximately 200 square KMs with total investment around 12 billion RMB. By constructing the biggest and most comprehensive facility integrating wind and solar power generation as well as power storage and smart grid technology, the project aims to further implementChina's national renewable energy development strategy. This world-class wind and solar energy project will also serve as a platform for scientific research and act as a model for future grid-friendly renewable energy projects. The project includes 500 MW of wind power, 100 MW of solar power, and 110 MW of power storage system.

"We are very glad to cooperate with the State Grid Corporation of China on this iconic project and to provide JinkoSolar's high-efficiency solar PV modules to the project. Their selection demonstrates JinkoSolar's leading position in Chinese market as well as the confidence from the State Grid Corporation towards our leading product quality and technology. We look forward to cooperating with State Grid Corporation with more upcoming projects in the future," commented Mr. Xiande Li, JinkoSolar's Chairman.

SHANGHAI, Sept. 25, 2013 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced the closing of its follow-on public offering of 4,370,000 American depositary shares, or ADSs, each representing four ordinary shares at par value US$0.00002 per share, including 570,000 ADSs sold pursuant to the underwriters' exercise of in full of their option to purchase additional ADSs. The Company received aggregate net proceeds of approximately $67.8 million, after deducting discounts and commissions but before offering expenses.

NEW YORK, September 20, 2013 /PRNewswire-Asia/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), announced today that its follow-on public offering of 3,800,000 American depositary shares, or ADSs, each representing four ordinary shares of the Company at par value US$0.00002 per share, was priced at $16.25 per ADS. The offering is expected to close on September 25, 2013. JinkoSolar has granted the underwriters a 30-day option to purchase up to an additional 570,000 ADSs.

JinkoSolar intends to use the net proceeds from this offering for general corporate purposes, which may include expanding manufacturing capacity, the development of solar power projects and working capital. The Company's management will retain broad discretion over the use of proceeds, and the Company may ultimately use the proceeds for different purposes than what it currently intends. Pending any ultimate use of any portion of the proceeds from the offering, it intends to invest the net proceeds in short-term, marketable instruments.

SHANGHAI, Sept. 16, 2013 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced the commencement of an offering of 3,500,000 American Depositary Shares (the "ADSs"), each representing four ordinary shares of the Company, at par value US$0.00002 per share. 

CAPE TOWN, South Africa, Sept. 10, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a leading global solar PV power product manufacturer, today announced that it entered into agreements for the supply of photovoltaic modules in total amount of 274 MWp with ACCIONA, one of the world leading renewable energy companies.

According to the agreements, JinkoSolar will supply Oakleaf Investment Holdings 86 (Proprietary) Limited ("Oakleaf"), a joint-venture invested by ACCIONA and its South African local partner, a South African-based cooperation, with 94MWp of high-efficiency solar modules starting from November 2013 through September 2014, for a solar farm located in Northern Cape Province, South Africa. JinkoSolar will also supply 24.07 MWp of high-efficiency solar modules starting from October 2013 through December 2013 for the Royalla PV Plant located in the ACT territory of Australia, which will be built by Acciona Energy Oceania. Besides, Jinko will supply ACCIONA with 156MWp photovoltaic modules, which is subject to further discussion and final definitive supply agreements between the parties from time to time in the future.

The solar farm in Northern Cape Province, once completed, will be one of the three largest solar farms on the African continent. The project will use approximately 319,600 high-efficiency JinkoSolar PV modules and will produce approximately 206GWh per year, avoiding the emission of around 198,000 metric tons of CO2 in coal-fired power stations. The solar farm in ACT territory, once completed, will be one of the biggest PV plants in Australia. The project will use approximately 81,600 modules of high-efficiency and will produce energy for 4,500 Canberra houses.

"We are happy to fix this big contract with ACCIONA, and it is an honor to work with ACCIONA on the milestone project in South Africaand Australia as a beginning, which will not only substantially diversify South Africa and Australia's clean energy mix, but will also set a good example of solar energy," said Mr. Xiande Li, Chairman of JinkoSolar. "We will work closely with ACCIONA, our reliable partner, to fulfil our shared commitment to delivering affordable solar electricity to the world."

SAN FRANCISCO, August 21, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar PV power product manufacturer, today announced that it will supply 23MW of Solar PV modules to Swinerton Builders, a leading US Engineering and Construction Company and Clenera, a clean energy finance and management firm. According to terms of the agreement, deliveries will be completed during the 4th quarter of 2013.

Swinerton will utilize JinkoSolar's 300W 72 cells high-efficiency PV modules in its construction of the Westland Solar Farms, LLC ground-mounted solar plant in Fresno County, California. When completed, this Utility Scale Solar Farm will provide electricity to PG&E.

"Swinerton is excited to be working with the Westlands Solar Farm ownership and our leading technology partners, including JinkoSolar. Having recently completed a similar 20MW single axis tracker project in PG&E territory, Swinerton looks forward to delivering another successful solar project in the Central Valley," said Mr. George Hershman, Division Manager, Swinerton Renewable Energy.

"We are very excited to work with Swinerton Builders on this large scale project in Northern California," said Mr. Nigel Cockroft, JinkoSolar's US General Manager. "JinkoSolar is committed to providing excellent service and product to the US Solar Market through partnership with industry leaders such as Swinerton Builders."

Second Quarter 2013 Financial Results

• Total revenues were RMB1.76 billion (US$287.6 million), representing an increase of 51.7% from the first quarter of 2013 and an increase of 42.6% from the second quarter of 2012.
• Gross margin was 17.7%, compared with 12.7% in the first quarter of 2013 and 8.4% in the second quarter of 2012.
• Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB49.0 million(US$8.0 million), compared with a net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB128.7 million in the first quarter of 2013 and a net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB310.5 million in the second quarter of 2012.
• Diluted earnings per American depositary share ("ADS") was RMB2.20 (US$0.36), compared with a diluted loss per ADS of RMB5.80 in the first quarter of 2013 and a diluted loss per ADS of RMB14.00 in the second quarter of 2012. Each ADS represents four ordinary shares.
• Non-GAAP net income[2] attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders in the second quarter of 2013 was RMB74.3 million (US$12.1 million), compared with a non-GAAP net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB75.3 million in the first quarter of 2013 and a non-GAAP net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB297.6 millionin the second quarter of 2012.
• Non-GAAP basic and diluted earnings per ADS were RMB3.36 (US$0.56) and RMB3.32 (US$0.56), respectively in the second quarter of 2013, compared to a loss of RMB 13.40 (US $2.13) both basic and diluted for the same quarter 2012

"I am pleased to report JinkoSolar's first quarter of profitability since the third quarter of 2011," commented Mr.Kangping Chen, JinkoSolar's Chief Executive Officer. "During the second quarter of 2013, increasing demand from regions where we have made strategic investments and our ability to efficiently execute our strategy further solidified our leading position in the global PV market. We increased shipment volumes and expanded our gross margin to 17.7%, making JinkoSolar among the first Chinese module producers to return to net profitability since the downturn. We recently increased our integrated production capacity from 1.2 GW to 1.5 GW as a result of technological improvements and the upgrading of production lines. By persevering through our strategy, we have successfully navigated the rapidly changing solar power environment to emerge a stronger, profitable, more nimble company. Most importantly, we expect to realize net profitability for the entire year as we are confident that this quarter's strong operational and financial performance is indicative of our future performance. Module shipments for 2013 have been revised upwards and are expected to be in the range of 1.5 GW to 1.7 GW, compared to our previous outlook of 1.2 GW to 1.5 GW.

"Over the past few quarters, JinkoSolar has rapidly adapted to a number of fundamental shifts in the market and we now believe we are fully prepared to take advantage of the more favorable industry conditions. While ASPs continue to stabilize, the solar industry has begun to consolidate with demand gradually aligning with supply. These fundamental industry shifts are further supported by a series of positive developments domestically and internationally. The EU and China have reached a settlement agreement for the export of solar panels that has improved our visibility on the European market. The guidelines recently issued by China's State Council emphasized the strategic importance of the PV industry and set a clear target of 35 GW by 2015."

"We believe we are ready to demonstrate and further improve upon the state-of-the-art technology, reliability and quality of our solar products. In just the past quarter, JinkoSolar received Dynamic Mechanical Load test certification - a first in the PV industry - and Dust and Sand verification from TUV Nord, as well as Fire Resistance certification from Italy's Istituto Giordano. We have increased our ability to customize our modules for real world conditions and other customers demands. With increasing demands and a solid portfolio of products, we are poised to leverage our leading brand, strong relationships and technological leadership as the market recovers."

"As a direct result of our decision to increase our exposure globally, we have reduced our reliance on Europe, and expanded our presence in emerging markets, such as China, Japan, the United States, South Africa andIndia. Having seen China's potential early on, we made a significant push to capture a first mover advantage, further securing our leading position with our strong brand name ahead of our home market's rapid growth. Following the establishment of our sales office in Tokyo earlier this year, Japan continues to show promise as we push deeper into the market, making it a more significant part of our shipment portfolio. We have developed multiple meaningful relationships with customers there and look forward to future opportunities. We remain dedicated to serving our customers in the US, which has already become a strategically important market for us following the recently announced 39 MW contract to supply three utility-scale projects in the Midwestern United States. Orders from South Africa and India also continue to grow as we build our brand there. Meanwhile, we have continued our effort to penetrate new emerging markets in the Middle East and Latin America."

"We continue our transformation from a traditional manufacturer to a one-stop energy solution provider. By the end of this year, we expect to complete solar power projects with total capacity in the range of 200-300 MW and our project pipeline is now rapidly approaching 700 MW. Our financing, project development, EPC, and system operations and maintenance teams are well-positioned to take full advantage of these new opportunities. The State Council's development guidelines established a clear 35 GW target by 2015 and guaranteed subsidies for the next 20 years, which will be settled monthly. With the largest project development pipeline and scale domestically among US-listed Chinese solar manufacturers, we expect our downstream business to benefit greatly as we continue our strategic transformation."

"Having turned the corner both financially and operationally, we are optimistic about the future. We are proud of what we have accomplished this quarter on the foundation of our management's vision and strategic execution. We believe that it speaks to our perseverance and determination during difficult times. We have successfully navigated the global downturn by prudently managing our business and diligently improving our industry leading technology, cost structure and brand equity. With our strong client relationships and respected reputation, we believe that we are now in a solid position to drive future growth and shareholder value."

Operations and Business Outlook

Third Quarter and Full Year 2013 Guidance

For the third quarter of 2013, total solar module shipments are expected to be between 460 MW and 500 MW. For the full year 2013, total solar module shipments have been revised upwards and are now expected to be between 1.5 GW and 1.7 GW, with total project development scale expected to remain between 200 MW and 300 MW.

SAN FRANCISCO, July 30, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar PV power product manufacturer, today announced that it will supply AMEC, one of the world's leading international engineering and project management companies, with 39 MW of high-efficiency photovoltaic ("PV") modules for three solar projects in the United States.

Located in Marion County, Indiana, all three projects will utilize JinkoSolar's 300W 72 cells, high-efficiency PV modules and are the largest utility-scale solar projects in Indiana. Once connected to the grid, the facilities will generate enough power to supply 7,500 homes. According to terms of the agreement, deliveries will be completed during the 4th quarter of 2013.

"We are pleased to have the opportunity to work with JinkoSolar," commented Mr. Tom Dodson, Vice President of AMEC. "Their leading technology and excellent service in the US made them the ideal choice during the supplier selection process."

"We are thrilled to be working with AMEC on these projects," said Mr. Nigel Cockroft, JinkoSolar's US General Manager. "AMEC has an outstanding reputation as one of the leading EPC service providers in the solar industry. Working with AMEC on these projects is one of our largest deployments in the US market and will further strengthen our presence here."

SHANGHAI, June 21, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar PV power product manufacturer, today announced that it has supplied 25.8 MW of high-efficient solar PV modules to the first private solar park in India.

Located in Mandrup Village, Solapur District, Maharashtra State, India, the project was developed by Enrich Energy Pvt Ltd. on a turnkey basis, a pioneer in India focused on developing large scale private solar parks.

"JinkoSolar's high-efficient polycrystalline modules were used in our first private PV solar park as they will help us to minimize the use of land and maximize the amount of reliable, emission-free solar power generated per dollar invested - which is one of our priorities" said Mr. Ankit Kanchal, Enrich Energy Pvt. Ltd's Director - Commercial. "This is the first project of its kind in Maharashtra State developed under the Average Pooled Purchase Cost (APPC) / Open Access Mechanism & Solar Renewable Energy Certificates (REC) Mechanism."

"Enrich Energy is one of our key strategic partners in India and we appreciate their efforts to pioneer the model of turnkey solutions for medium and large-scale solar investors," said Mr. Arturo Herrero, Chief Marketing Officer of JinkoSolar.

"I believe JinkoSolar's industry-leading technology, reliable contractual execution and excellent local service is key to develop this partnership. Besides, the high efficiency and performance of our products is ideal for this project, since our module has been ranked as one of the best modules for outdoor use, which is repeatedly recognized by PHOTON Lab test results. We are honored to have the opportunity to help to meet Enrich Energy's renewable energy goals."

First Quarter 2013 Financial Results

• Total revenues were RMB1.16 billion (US$187.3 million), representing a decrease of 0.3% from the fourth quarter of 2012 and an increase of 9.7% from the first quarter of 2012.
• Gross margin was 12.7%, compared with 3.8% in the fourth quarter of 2012 and 0.7% in the first quarter of 2012.
• Loss from operations was RMB16.8million (US$2.7million), compared with a loss from operations of RMB733.7 million in the fourth quarter of 2012 and a loss from operations of RMB306.0 million in the first quarter of 2012.
• Net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB128.7 million (US$20.7 million), compared with a net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB761.1 million in the fourth quarter of 2012 and a net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB356.3 million in the first quarter of 2012.
• Diluted loss per share was RMB1.45 (US$0.23), compared with a diluted loss per share of RMB8.58 in the fourth quarter of 2012 and a diluted loss per share of RMB4.01 in the first quarter of 2012.
• Diluted loss per American depositary share ("ADS") was RMB5.80 (US$0.92), compared with a diluted loss per ADS ofRMB34.32 in the fourth quarter of 2012 and a diluted loss per ADS of RMB16.04 in the first quarter of 2012. Each ADS represents four ordinary shares.
• Non-GAAP net loss[2] attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders in the first quarter of 2013 wasRMB75.3 million (US$12.1 million), compared with a non-GAAP net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB699.5 million in the fourth quarter of 2012 and a non-GAAP net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB330.5 million in the first quarter of 2012.
• Non-GAAP basic and diluted loss per share in the first quarter of 2013 was RMB0.85 (US$0.14). Non-GAAP basic and diluted loss per ADS was RMB3.40 (US$0.56) in the first quarter of 2013.

"Our working capital and cash reserves improved significantly following the successful issuance of RMB800 million in corporate bonds in the first quarter and the signing of a RMB360 million loan facility with China Development Bank shortly thereafter. We believe this support from respected institutions and the financial markets is a clear vote of confidence in our long-term growth potential."

"We continue to lead the global PV industry in the state-of-the-art development of efficient and reliable solar products. We unveiled our newest series of 'Eagle II' solar modules at the 7th SNEC International Photovoltaic Power Generation Conference & Exhibition inShanghai last month. Like its predecessor, the 'Eagle I,' this series is also certified PID free under the conditions of 85�C and 85% relative humidity, and represents a high standard of performance and reliability. It is also Dust and Sand certified by TUV Nord, underlining just how effective JinkoSolar has become at reliably delivering the best performance in diverse real world conditions. We are currently planning to develop a new series of modules with distinctive features, including "smart modules," which we hope will revolutionize the way in which solar modules are managed and optimized. With such strong products and growing demand, we have been able to maintain our inventory at a relatively healthy level."

"We are eager to leverage our strong brand reputation and excellent product quality and service to increase our exports and exposure globally. We continue to seek out new opportunities in emerging solar markets such as China, Japan, US, South Africa and India. We have considerably expanded our market presence in Japan. In March, we officially established a local sales office in Japan and have already signed a few large contracts. We expect that Japan will account for approximately 15% of our product shipments in the coming quarters. We also expect demand to pick up in China as it emerges from the seasonally slow first quarter. As one of the best-known PV module brands in China, we are well positioned to maintain our market share, capture future module sales, and further develop our PV project and EPC business. In addition, we have secured a variety of large contracts in India and have increased our presence in South Africa, where we have seen a rise in repeat business opportunities following the signing of a 115 MW contract and a 81 MW contract. We are analyzing the potential impact of the preliminary affirmative anti-dumping determination announced by the European Commission on June 4, which we believe to be both unfair and unfounded. We are determined to explore new ways to compete effectively in Europe."

"We are optimistic about our future development and financial and operational prospects. Our strong client relationships and reputation for excellence have driven our geographic expansion as we search for new business opportunities. Having prudently managed our business to adapt to the rapidly changing global economic circumstances, we are eager to leverage our industry-leading technology and cost structure along with our improved financial position to seize market opportunities and drive future growth."

Operations and Business Outlook

Second Quarter and Full Year 2013Guidance

For the second quarter of 2013, total solar module shipments are expected to be between 450 MW and 470 MW. For the full year 2013, total solar module shipments are expected to be between 1.2 GW and 1.5 GW, and total project development scale is expected to be between 200 MW and 300 MW. The Company expects to maintain in-house annual silicon wafer, solar cell, and solar module production capacity at approximately 1,200 MW each during 2013.

SHANGHAI, May 29, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has completed the delivery to a Photovoltaic Solar project of total 5 MW in collaboration with Sunkon Energy (P) Ltd. in Ghespur, Gujarat, India.

Sunkon Energy (P) Ltd. has been using JinkoSolar modules since December, 2012 and Jinko PV modules have then successfully been generating power at a high performance ratio. With a total of 17,886 JinkoSolar poly-crystalline modules installed, the project was completed within 58 days and covers an area of 80,000 square meters. It is expected to produce 8,030 MWH of electricity per year and reduce CO2 emission by 7,882 tons.

Being one of the world's most attractive emerging markets, India is densely populated, with increasing electricity demand and has high solar irradiation, an ideal combination for using solar power. India's Ministry of New and Renewable Energy has introduced aggressive and favourable solar policies to spur the development of solar energy with Gujarat state as the home to the largest solar program in India.

"I am proud of the great progress we have made so far in India, In only a few months we managed to enter into this promising market reaching a level of 80 MW sales of Jinko PV modules in Solar plants," commented Mr. Arturo Herrero, Chief Marketing Officer of JinkoSolar. "While we were not among the first companies to enter India's solar market, we have made our presence well-known rapidly and we managed to establish a firm foothold and good brand recognition. Armed with a highly skilled and devoted team in India, we are ensuring our customers are provided with reliable products, competitive conditions and excellent local services from our professionals in Delhi and Mumbai."

"We have been very selective with our partners and have applied the highest industry standards when selecting the best modules for this project. Cooperating with JinkoSolar has proven to be a pleasant experience and we are pleased to have achieved objectives we set at the beginning. I would like to take this opportunity to extend my appreciation to the JinkoSolar team for their effective, efficient, and professional work," added Mr. Gopal Sultania, Managing Director, of Sunkon Energy.

SHANGHAI, May 22, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global PV solar power product manufacturer, today announced that its solar PV modules have passed TUV Nord's Dust & Sand Certification Test. TUV Nord's certification indicates that JinkoSolar's modules are suitable for installation in desert regions, where a shortage of rain and constant sandstorm scan cause solar PV plants to operate inefficiently.

TUV-Nord's Dust and Sand Certification Test simulates the typical erosion effect of heavy desert sandstorm situation. This endurance testing is critical to determine the reliability and longevity of solar PV panels in real world conditions along their lifetime. "The considerable increase in the number of PV installations in desert regions makes it essential to develop solar modules that can withstand the strong impact of high-velocity sand and avoid the accumulation of dust on the surface of the modules. We pride ourselves on passing the rigorous testing procedures and our ability to produce solar PV panels that reliably deliver the best performance in real world conditions," said Mr. Kangping Chen , JinkoSolar's Chief Executive Officer.

"For our customers, particularly those located in emerging PV markets where JinkoSolar is very active, such as northwest China,Africa, India, South America and the Middle East, TUV Nord's Dust & Sand Certification guarantees that our PV solar modules are durable and well-suited for their harsh desert environments and extreme environmental conditions," added Arturo Herrero , Chief Marketing Officer.

SHANGHAI, April 23, 2013 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global PV solar power product manufacturer, today announced that it has provided 804 kW of highly efficient solar panels to the largest rooftop PV solar installation located on a desalination plant. The location is in Murcia, Spain. The desalination plant is operated by the Spanish state-owned water company called Acuamed.

Construction of the14,000 m² rooftop installation began in September 2012 and was completed within three months. Due to its optimized design, almost 100% of the available roof space is fully utilized. The rooftop installation will reduce harmful emissions by approximately 725 tons annually and is expected to produce 1.2 million kWh per year, roughly equivalent to the total electrical needs of over 500 households. The energy generated will primarily be used to power the energy-intensive process of desalination and to supply other operations in the plant in order to reduce energy costs.

By combining solar PV power generation and desalination, this self-driven and near-zero gas emission facility will significantly reduce the usual greenhouse gas emissions associated with electricity demand for the desalination process.

"As the basic needs for fresh water have become more important, it is crucial to introduce the latest and cost-competitive technologies to power the energy-intensive desalination process," said Mr. Arturo Herrero, Chief Marketing Officer of JinkoSolar.

"This is especially meaningful and a perfect match for regions that are short of fresh water but enjoy abundant resources of solar energy. In recent years, PV solar technology has seen a significant reduction in their production costs and has become an important and trustful alternative source of energy for desalination," added Arturo Herrero.

Mr. Raul Morales, Chief Executive Officer of Soltec, commented, "We have successfully created synergy between PV power generation and water supply technologies. In recent years, we have completed projects in waste water treatment and drinking water plants for numerous customers, and we are currently developing PV pumping projects inSpain and Latin America."

SHANGHAI, September 26, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has won a bid from China Power International New Energy Holding Ltd. to supply 40 MW of photovoltaic (PV) modules for two PV power plant projects in Baiyin and Wuwei cities in Gansu Province, China.

JinkoSolar will deliver 163,200 high-efficiency solar panels to the two projects. The locations were specifically chosen as they receive approximately 2550~3030 hours of sunlight per year and are located in flat terrain with easy access to the electric grid and transportation facilities.

"We are pleased to being working with China Power International on these two projects," said Mr. Xiande Li, Chairman of the Board of Directors at JinkoSolar." JinkoSolar's reliability as a partner is demonstrated through the wide adoption of our modules across China in multiple PV projects. We are confident that the performance of our outstanding panels will guarantee stable output over their 25+ year life time and provide steady return on their investment.

SHANGHAI, September 7, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer states the anti-dumping allegations initiated by some European companies are both unfair and unfounded, and do not reflect the reality of the highly-competitive global solar industry. The company believes that trade protectionism will only harm fair competition in the market, hinder the development of the entire PV industry, and hurt PV consumers.

"JinkoSolar, as one of the leading photovoltaic manufacturers in the industry, will actively cooperate with the European Commission's investigation. The company will continue expanding into emerging markets, including China, South Africa, India and Australia to alleviate possible impacts that could result from the potential trade friction," said Xiande Li, JinkoSolar's Chairman.

"JinkoSolar will keep committed to deliver the demand requested of our high quality solar modules to the European customers in main PV markets with the good service of our local teams from our different offices in Europe and the local logistics services," added Arturo Herrero, Chief Marketing Officer.

The company reaffirms that the unfair anti-dumping claims will not affect its operations and global strategy, and the company will actively contends against such unfair claims. The company believes that fairand transparent competition, rather than trade protectionism, will reduce the cost of photovoltaic application, improve the competitive advantage of solar energy over other energy sources, and ultimately promote the prosperity of the industry as a whole.

SHANGHAI, August 31, 2012 /PRNewswire-Asia-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, will work with EPC partner Solea Renewables to deliver a Limpopo province chrome mine with the first ever off-grid utility scale photovoltaic system in South Africa. The 1 megawatt plant will produce approximately 1.8 GWh of electricity per year and will effectively reduce the mine's daytime diesel dependency for the next 20 to 30 years.

This groundbreaking project is in line with South Africa's national plans to increase power supplies from independent producers. It also dovetails with South Africa's stated objective to increase the percentage of renewable energy among the country's total power mix. The fully integrated turnkey PV system designed, engineered and constructed by Solea Renewables will use 4,170 high efficiency polycrystalline PV panels supplied by JinkoSolar.

"While the global demand for South African coal, platinum, palladium and chromium increases, mines and other industrial consumers face power supply constraints due to capacity challenges at Eskom. The turnkey delivery of our PV plants will not only benefit end-users, but it will in turn help reduce the ever present and increasing energy demand Eskom faces," said Vusi Mhlanzi, Director of Solea Renewables, "We chose JinkoSolar panels for its superior performance and reliability, as seen in utility-scale installations across Asia, Europe, and Americas."

JinkoSolar solar panels have already been utilized in off-grid PV systems to offer mining and other industrial companies with a cost effective grid independent complement to traditional diesel generators. " As the plant is expected to be completed by late October, 2012, the electricity generated by JinkoSolar quality solar panels will definitely reduce the mine's daytime diesel consumption while securing our client's with a natural long-term hedge against all rising costs of power," explains Mhlanzi.

"We have great expectations for South Africa. The region's booming population, strong economic growth and abundant sunlight represent an exciting opportunity for solar and for JinkoSolar." said Kangping Chen, Chief Executive Officer of JinkoSolar, "we look forward to working with Solea Renewables, an experienced EPC partner on this momentous project."

SHANGHAI, August 27, 2012 /PRNewswire-Asia-FirstCall/ - JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company," NYSE: JKS), a fast-growing, vertically integrated solar product manufacturer, today announced that it has won a bid from China Guangdong Nuclear Solar Energy Development Co., Ltd. (China Guangdong Nuclear, of CGN-SEDC) to supply 30 MW of photovoltaic (PV) modules for a PV power plant project planned in Hami city, Xinjiang Province, China.

"We are pleased that China Guangdong Nuclear has decided to extend its relationship with us by cooperating on this project in Xinjiang." said Mr. Xiande Li, Chairman of the board of Directors of JinkoSolar. "We believe that this validates our efforts to grow long-term relationship with major players in China's solar power plant industry and that this repeat order is a testament to the quality of our products and services. Our reputation as one of the industry-leading solar module producers with high quality products and services in the market continues to provide us with opportunities not only in China, but across the globe as we expand our geographic footprint worldwide."

Second Quarter 2012 Highlights

• Total revenues were RMB1.2 billion (US$194.9 million), representing an increase of 16.8% from the first quarter of 2012, and a decrease of 45.4% from the second quarter of 2011.
• Net loss was RMB310.5 million (US$48.9 million), compared with a net loss of RMB356.3 million in the first quarter of 2012, and net income of RMB235.3 million in the second quarter of 2011.
• Diluted loss per share was RMB3.50 (US$0.55), compared with diluted loss per share of RMB4.01 in the first quarter of 2012, and diluted earnings per share of RMB2.23 in the second quarter of 2011.
• Diluted loss per American Depositary Share ("ADS") was RMB14.00 (US$2.20), compared with diluted loss per ADS of RMB16.04 in the first quarter of 2012, and diluted earnings per ADS of RMB8.91 in the second quarter of 2011. Each ADS represents four ordinary shares.
• Non-GAAP net loss(2) in the second quarter of 2012 was RMB297.6 million (US$46.8 million), compared with non-GAAP net loss of RMB330.5 million in the first quarter of 2012, and non-GAAP net income of RMB286.5 million in the second quarter of 2011.
• Non-GAAP basic and diluted loss per share in the second quarter of 2012 was RMB3.35 (US$0.53). Non-GAAP basic and diluted loss per ADS was RMB13.40 (US$2.11) in the second quarter of 2012 vs. Non-GAAP basic and diluted earnings of $1.38 in prior year quarter.  

"We are pleased with the improvements in our performance in the second quarter as market conditions remained difficult due to continued module oversupply and global economic weakness. Despite further weakness in our module average selling prices ("ASPs), our gross margin improved sequentially from the first quarter, as our non-silicon cost decreased substantially and rapidly approached our targets for the year." said Kangping Chen, JinkoSolar's Chief Executive Officer. "We have continued to focus on our core business and worked to maintain our industry-leading position in terms of cost structure through improving efficiency without sacrificing the performance and reliability that our high quality modules are known for. JinkoSolar's modules became the first to pass TUV-SUD's stringent potential induced degradation test under 85 degrees Celsius/85% relative humidity conditions this month. As we compete globally, our results in the second quarter also demonstrate the effectiveness of our strategy and commitment to adapt to the different environments and conditions of our diversified markets and locations. For example, in the United Sates, we remain committed to meeting the demand of our customers there, and we have successfully adapted our strategy to mitigate the effects of the anti-dumping measures put in place, to increase our market share and shipments."

"We now have more than 140 customers and are active in 21 countries, which is a testament to our reputation as a reliable partner and the increasing global appeal of our brand. We launched JinkoSolar Priority Solar Club partner program for our strategic customers this past month to further drive our module sales and reward customer loyalty. The success and profitability of our partners is critical to our success and we hope that this program will create stronger partnerships and help us further expand geographically."

"Shipments to Italy and Germany were particularly strong in the second quarter. We continued to diversify away fromWestern Europe by expanding into new emerging markets. Sales in Eastern Europe continue to show strength as they do in Greece, Canada, Australia, Brazil, Japan and new markets such as Slovenia and Chile are promising. Our sales office in Singapore will allow us to further expand in Southeast Asia, a region where we see great potential in the coming quarters. China remains on track to deliver increasing opportunities as we expand our project development and EPC business there alongside our module sales. This year, we have more than 200 MW of government approved project development in the pipeline, which along with the existing subsidies and current solar market conditions in China, will provide many valuable opportunities and prospects for our downstream project business. Having worked diligently during the first half of the year, we expect to see benefits from these projects as we move into the second half of the year."

"As we expect continued turbulence in the industry, deepening our relationships with customers and maintaining our reputation as one of the most reliable solar module producers remain our top priority. We believe our strong client relationships and reputation will continue to bring us increasing business opportunities as we push forward into the second half of 2012. We plan to continue to manage our business prudently and leverage our industry leading technology and cost structure to seize market opportunities and drive future growth."

Operations and Business Outlook

Third Quarter 2012 Guidance

Based on current operating and market conditions, JinkoSolar's total solar module shipments for the third quarter of 2012 are expected to be approximately 250 MW to 280 MW, as compared to the 223.0 MW of module shipments made during the second quarter of 2012.JinkoSolar's in-house annual silicon wafer, solar cell and solar module production capacity are each expected to be approximately 1,200 MW by the end of 2012.

First Quarter 2012 Results

• Total solar product shipments were 249.0 megawatts ("MW"), representing an increase of 9.7% from 227.0 MW in the fourth quarter of 2011 and an increase of 19.5% from 208.4 MW in the first quarter of 2011.
• Total revenues were RMB1.1 billion (US$168.3 million), representing a decrease of 11.5% from the fourth quarter of 2011 and a decrease of 50.5% from the first quarter of 2011.
• Gross margin was 0.7%, compared with negative 4.4% in the fourth quarter of 2011 and positive 26.2% in the first quarter of 2011.
• In-house gross margin[1] was 10.8%, compared with 5.8% in the fourth quarter of 2011 and 31.0% in the first quarter of 2011.
• Loss from operations was RMB306.0million (US$48.6 million), compared with a loss from operations of RMB316.1 million in the fourth quarter of 2011 and an income from operations of RMB419.4 million in the first quarter of 2011.
• Net loss was RMB356.3million (US$56.6 million), compared with a net loss of RMB366.6 million in the fourth quarter of 2011 and net income of RMB336.6 million in the first quarter of 2011.
• Diluted loss per share was RMB4.01 (US$0.64), compared with diluted loss per share of RMB4.06 in the fourth quarter of 2011 and diluted earnings per share of RMB3.45 in the first quarter of 2011.
• Diluted loss per American Depositary Share ("ADS") was RMB16.04 (US$2.55), compared with diluted loss per ADS of RMB16.24 in the fourth quarter of 2011 and diluted earnings per ADS of RMB13.78 in the first quarter of 2011. Each ADS represents four ordinary shares.
• Non-GAAP net loss[2] in the first quarter of 2012 was RMB330.5million (US$52.5 million), compared with non-GAAP net loss of RMB370.8 million in the fourth quarter of 2011 and non-GAAP net income of RMB336.6 million in the first quarter of 2011.
• Non-GAAP basic and diluted loss per share in the first quarter of 2012 was RMB3.72 (US$0.59).Non-GAAP basic and diluted loss per ADS was RMB14.88 (US$2.36) in the first quarter of 2012.

"Business conditions continued to be challenging during the first quarter as demand and module average selling prices ("ASPs) remained weak due to economic uncertainty, especially in Europe, and a global oversupply of solar products," commented Kangping Chen, JinkoSolar's Chief Executive Officer. "Against this challenging background, we were able to increase our total product shipments and maintain positive margins despite rapidly declining ASPs by continuing to improve our operating efficiency and cost structure. However, we slightly missed guidance on module shipments as we adopted a conservative approach to the U.S. market and our strategic decision to decrease inventory resulted in a shortage of products for the European market when European demand rebounded unexpectedly in the first quarter of 2012.

"We launched our WING series solar modules in May. We believe that our new modules offer a sleeker and more modern aesthetic and increase efficiency. The power output of a 60 high-efficiency cell solar module can reach up to 260W. We remain committed to providing our customers with the most competitive and cost-efficient products and we expect to market our new WING modules among our customers to further drive our module sales.

"We continued to diversify beyond Western Europe into new emerging markets such as Eastern Europe, China, India and Japan. Sales in Eastern Europe were particularly strong this quarter. Project development continued to accelerate, most notably in China, where we saw not only sustainable growth, but strong government support. We believe that we will sustain our expansion in China, build on our strong reputation in project development and develop strong relationships for future projects. We aim to promote our project and EPC businesses together with our module sales. We expect to see substantial benefits from these projects starting in the second half of this year. Despite the U.S. government's preliminary decision to levy countervailing and anti-dumping tariffs, we remain optimistic about our growing U.S. business. Further, we believe the impact of these tariffs on our overall business is limited as our U.S. business currently accounts for a fairly small portion of our overall sales.

"Our reputation as one of the industry-leading solar module producers will continue to enhance our business prospects in China and across the world and facilitate our access to the capital markets. In April, we issued RMB300 million one year short-term bonds to refinance our existing debts."

Second Quarter 2012 Guidance

Based on current operating and market conditions, JinkoSolar's total solar module shipments for the second quarter of 2012 are expected to be approximately 200 MW to 240 MW and JinkoSolar's in-house annual silicon ingot and wafer, solar cell and solar module production capacity are each expected to be approximately 1,200 MW by the end of 2012.

SHANGHAI, May 10, 2012 /PRNewswire-Asia/ - JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company," NYSE: JKS), a vertically integrated solar power product manufacturer, today announced that the Company has dismissed the Company's previous independent registered public accounting firm, PricewaterhouseCoopers Zhong Tian CPAs Limited Company ("PwC") and engaged Ernst & Young Hua Ming ("EY") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2012. The decision to change auditors was unanimously approved by all the directors of the Company, including all the members of the Company's Audit Committee, on April 29, 2012.

During the fiscal years ended December 31, 2010 and 2011 and through April 29, 2012, JinkoSolar and PwC did not have any disagreements on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of the disagreements in its reports on JinkoSolar's consolidated financial statements. During the years ended December 31, 2010 and 2011 and through April 29, 2012, there were also no "reportable events" requiring disclosure pursuant to Item 16F(a)(1)(v) of Form 20-F, except that as of December 31, 2010, the Company did not maintain effective internal control over financial reporting due to the material weaknesses identified, including: (1) the lack of resources with appropriate accounting knowledge and experience to prepare and review financial statements and related disclosures in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and (2) inadequate review procedures, including appropriate levels of review in the design of period end reporting process that are consistently applied across the Company's entities, to identify inappropriate accounting treatment of transactions. As of December 31, 2011, the Company's management determined that applicable controls were effectively designed and operated so as to enable the Company's management to conclude that the previously identified material weaknesses had been remediated and the Company's internal control over financial reporting was effective

SHANGHAI, April 24, 2012 /PRNewswire-Asia/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a vertically integrated solar power product manufacturer with cost efficient operations based in China, today announced that JinkoSolar Co., Ltd. ("Jiangxi Jinko"), one of the Company's wholly owned subsidiaries, successfully issued unsecured one-year short-term bonds with a principal amount of RMB300 million on April 23, 2012. The bonds bear a fixed annual interest rate of 6.3%, lower than the current benchmark one-year lending rate of 6.56% and will mature on April 23, 2013.

The bonds were previously registered with the PRC National Association of Financial Market Institutional Investors. Industrial Bank acted as the lead underwriter and bookrunner for the bonds with standby commitment. All of the proceeds from the issuance of the bonds will be used as working capital.

Fourth Quarter 2011 Highlights

• Total solar product shipments were 227.0 megawatts ("MW"), compared with 257.7 MW in the third quarter of 2011 and 162.6 MW in the fourth quarter of 2010, representing a decrease of 11.9% sequentially and an increase of 39.6% year-over-year.
• Total revenues were RMB1.2 billion (US$190.4 million), a decrease of 32.7% sequentially and a decrease of 32.2% year-over-year.
• Gross margin was negative 4.4%, compared with positive gross margin of 3.7% in the third quarter of 2011 and 28.5% in the fourth quarter of 2010.
• In-house gross margin[1] was 5.8%, compared with 18.4% in the third quarter of 2011 and 34.7% in the fourth quarter of 2010.
• Loss from operations was RMB316.1 million (US$50.2 million), compared with loss from operations ofRMB197.3 million in the third quarter of 2011 and income from operations of RMB362.8 million in the fourth quarter of 2010.
• Net loss was RMB366.6 million (US$58.3 million), compared with a net income of RMB68.1 million in the third quarter of 2011 and a net income of RMB368.3 million in the fourth quarter of 2010.
• Diluted loss per share was RMB4.06 (US$0.65), compared with diluted loss per share of RMB2.97 in the third quarter of 2011 and diluted earnings per share of RMB3.90 in the fourth quarter of 2010.
• Diluted loss per American depositary share ("ADS") was RMB16.24 (US$2.58), compared with diluted loss per ADS of RMB11.88 in the third quarter of 2011 and diluted earnings per ADS of RMB15.61 in the fourth quarter of 2010. Each ADS represents four ordinary shares.
• Non-GAAP net loss[2] in the fourth quarter of 2011, was RMB370.8 million (US$58.9 million), compared with non-GAAP net loss of RMB247.9 million in the third quarter of 2011 and non-GAAP net income of RMB368.3 million in the fourth quarter of 2010.
• Non-GAAP basic and diluted loss per share in the fourth quarter of 2011 was RMB4.10 (US$0.65), non-GAAP basic and diluted loss per ADS was RMB16.40 (US$2.61) in the fourth quarter of 2011.

Despite a challenging fourth quarter of 2011 for both our company and the industry as a whole, we remain confident in our ability to take advantage of our vertically integrated business model as we continue improving on the efficiency of our production process and generate value for our shareholders over the long term," commented Mr. Kangping Chen, JinkoSolar's chief executive officer. "Our gross margin continued to be affected by declining average selling prices ("ASPs"), which continued to fall faster than we anticipated and added pressure to an already uncertain global economic environment. Although the price of polysilicon and other auxiliary materials also fell, the decline was not sufficient to offset our lower ASPs."

"In the face of these challenges in the fourth quarter of 2011, we still managed to finish the year with record annual shipments of 950.5 MW, a 97.9% increase from 2010. We continued to maintain strong relationships with our customers in key markets such as Italy, Germany and Eastern Europe. While the outlook for Europe remains weak, we invested heavily in our support network throughout the region in order to continue to build our brand. We opened a new office in France to expand our market presence there, and we also continued to diversify our business outside of Europe with the recent opening of new offices in Canada and Australia. In addition, our efforts to further broaden our geographic footprint to new emerging markets such as China, India, Ukraine andBulgaria helped us generate better returns and reduce our reliance on European sales."

"As we look forward, we believe that the long term growth prospects for the solar market remain promising as industry consolidation accelerates. Our optimistic outlook is rooted in our belief that module demand around the world will eventually emerge from its current lows in the second half of this year. Our strong balance sheet, growing brand recognition, competitive cost structure and diverse geographic presence leave us well positioned once the industry starts to rebound."

First Quarter and Full Year 2012 Guidance

For the first quarter of 2012, total solar module shipments are expected to be approximately 170 MW to 190 MW. For the full year 2012, total solar module shipments are expected to be in the range of 800 MW to 1,000 MW, and total project development scale is expected to be in the range of 100 MW to 150 MW. The Company expects to maintain its in-house annual silicon wafer, solar cell and solar module production capacity at approximately 1,200 MW each by the end of 2012.

SHANGHAI, February 14, 2012 /PRNewswire-Asia-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing, vertically integrated solar power product manufacturer based in China, today announced the addition of an Australian subsidiary, JinkoSolar Australia Co; Ltd, based in Queensland, Australia. The newly opened office will serve as a sales and delivery hub and will house approximately 4-5 MW of modules for the region, supporting the company's stellar growth in the photovoltaic industry.

"As an international company, JinkoSolar is focused on establishing our physical presence in growing markets and we are excited to broaden our services and technology to Australia," said David Li, JinkoSolar's Chairman. "The Australian market is highly oriented towards renewable energy, a trend which is reflected by the establishment of the 'Zero Carbon Australia 2020 Stationary Energy Plan'. Now more than ever is the most strategic time for JinkoSolar to stake its hold in Australia's market." "We are seeing the reach of grid parity for the residential market in states such as New South Wales," added Li.

Centrally located halfway between Brisbane and the Gold Coast and within close vicinity to other main regions including Sydney, Melbourne and Canberra, JinkoSolar's new office is ideally placed for receiving deliveries and servicing JinkoSolar's local partners. The building consists of a warehouse and an office facility. The office space is extremely modern, large and comfortable, accounting for JinkoSolar's projected growth in the months and years ahead.

Third Quarter 2011 Results

NEW YORK, Oct. 19, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS) who purchased or otherwise acquired JinkoSolar American Depositary Shares between May 13, 2010 and September 21, 2011 (the "Class Period").

The investigation concerns whether JinkoSolar and certain of its officers and/or directors have violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11, 12(a)(2) and 15 of the Securities Act of 1933.

JinkoSolar is one of the world's largest manufacturers of photovoltaic products. Based in the People's Republic of China, JinkoSolar launched an IPO in the United States on May 13, 2010, issuing 5,835,000 ADSs to trade on the NYSE, representing 23,340,000 ordinary shares. In the IPO Prospectus, Registration Statement, and subsequent SEC filings, JinkoSolar assured investors that it was in full compliance will all local environmental regulations.

Last month, after a massive die-off of fish in a river adjacent to JinkoSolar's primary manufacturing facility in Haining, hundreds of local residents protested and eventually ransacked the facility. Thirty-one people were detained by police, and the facility was closed for several weeks. JinkoSolar has since admitted that it was responsible for the environmental contamination and has agreed to take remedial action. During a press conference, JinkoSolar stated that "we cannot shirk responsibility for the legal consequences which have come from management slips." Following the disclosure of the contamination, JinkoSolar's ADSs lost more than 42% of their value in a single week, wiping out millions of dollars of shareholder value.

SHANGHAI, Oct. 7, 2011 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS), a fast growing, vertically integrated solar power product manufacturer in China, today announced the completion of its phase I environment safety upgrade at its facility in Haining City in the Zhejiang Province of China.

Zhejiang Jinko Co., Ltd. ("Zhejiang Jinko"), a wholly owned subsidiary of JinkoSolar, conducted a thorough investigation of its temporary waste storage unit adjacent to the manufacturing facility with an independent Chinese Environmental Agency as an immediate response to concerns after a small amount of fluoride was discharged into a nearby waterway due to unforeseen extreme weather conditions. Fluoride is a highly water-soluble component and the small amount released from the Zhejiang site diluted within days.

JinkoSolar has taken necessary steps to establish appropriate protocols and prevention plans for extreme weather conditions and now imposes regulations that are stricter than the industry standard. The company takes pride in its substantive investment in the latest environmental management control systems and state of the art equipment for its Zhejiang factory's production facility.

"The company's management team has very high standards and remains strongly committed to corporate social responsibility," said Arturo Herrero, Chief Marketing Officer of JinkoSolar. "JinkoSolar is dedicated to serving the local community through generous contributions to local primary schools in China and solar electrification projects in Sudan and Tanzania," added Herrero.

Being a member of the PV Cycle Association and a recipient of the Cleantech Driver Award from the Deutsche Cleantech Institut, JinkoSolar remains steadfast in its dedication to ensuring that its operations are held with high standards and adhere to environmental policies.

BEIJING (AP) -- Hundreds of villagers in eastern China have demonstrated in recent days against pollution they say is caused by a solar panel factory, with some protesters storming the compound and overturning vehicles, local authorities and residents said Sunday.

More than 500 villagers in Zhejiang province's Haining city gathered in front of the Zhejiang Jinko Solar Co. Ltd. factory on Thursday demanding an explanation for the alleged pollution, the Haining government said in a statement.

The company is a subsidiary of a New York Stock Exchange-listed Chinese solar company, JinkoSolar Holding Co. Calls to both the Zhejiang company and its parent firm rang unanswered Sunday.

It is the latest protest in China driven by environmental concerns and highlights citizens' increasing boldness in demanding action from the authoritarian government.

Some of the protesters charged into the factory compound Thursday, overturned eight company vehicles and destroyed its offices, the government said. On Friday, demonstrators damaged four police vehicles. Local residents contacted by phone said villagers have protested every night since Thursday.

Video footage posted on the website of the city government's information office showed that the factory's windows had been smashed and that dozens of police officers were deployed to the site.

The factory's waste disposal has been failing pollution tests since April and despite being warned by authorities, the plant has not effectively controlled the pollution, the official Xinhua News Agency cited Chen Hongming, deputy head of Haining's environmental protection bureau, as saying.

A 64-year-old Hongxiao villager surnamed Shi said not only does the factory discharge waste water into a river, it also spews dense smoke out of a dozen chimneys.

"An elementary school and a kindergarten are located less than a kilometer (0.6 mile) from the plant. My house is only about 500 meters (550 yards) from the plant. Many fish died after the factory discharged waste into a small river," Shi said in a phone interview.

"The villagers strongly request that this factory be moved to another area. I am very worried about the health of the younger generation," he said.

Last month, 12,000 residents in the northeastern port city of Dalian protested against a chemical plant after waves from a tropical storm broke a dike guarding the plant and raised fears that flood waters could release toxic chemicals. The massive protests prompted the deployment of riot police and a pledge by local officials to relocate the plant. A similar protest in 2007 in Xiamen was also successful.

But while protests in middle-class cities like Dalian and Xiamen have succeeded, the government rarely gives in and demonstrations in rural villages don't often work.

The latest protests also expose the dirty side of clean energy. Along a similar vein, China has seen scores of protests by villagers in recent years over lead poisoning. The soaring use of cars and electric scooters is driving strong demand for lead acid batteries, and their production and recycling are a key source of lead contamination.

In Zhejiang, the Haining government said it had asked the solar panel factory to suspend production and that local leaders would soon meet with village representatives.

Local police have caught people suspected of theft and vandalism, while a 33-year-old man surnamed Sun has been detained for "spreading false information online" earlier this month about an increase in cancer cases in the nearby village of Hongxiao, the statement said.

Second Quarter 2011 Results

• Total revenues were a record RMB2.3 billion (US$350.6 million), an increase of 5.9% sequentially and 151.6% year-over-year, exceeding the high-end of Company's guidance of US$330 million to US$350 million.
• Gross margin was 25.4%, compared with 26.2% in the first quarter of 2011 and 26.9% in the second quarter of 2010.
• Non-GAAP diluted earnings per share were RMB2.94 (US$0.46), compared to RMB3.45 in the first quarter of 2011 and RMB2.36 in the second quarter of 2010. Non-GAAP diluted earnings per ADS were RMB11.77 (US$1.82), compared to RMB13.78 in the first quarter of 2011 and RMB9.42 (US$1.44) in the second quarter of 2010.

SHANGHAI, July 11, 2011 /-FirstPRNewswire-AsiaCall/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) ("JinkoSolar" or the "Company"), a fast-growing vertically integrated solar product manufacturer with low-cost operations based in China, announced today that Jinko Solar Co., Ltd. ("Jiangxi Jinko"), one of the Company's wholly owned subsidiaries, has successfully registered and issued unsecured one-year short-term bonds with an aggregate principal amount of RMB400 million (the "Registered Issue") with the PRC National Association of Financial Market Institutional Investors ("NAFMII").

The Registered Issue was issued on July 8, 2011, and will mature on July 11, 2012. The Registered Issue bears a fixed annual interest rate of 6.5%, which is lower than the current benchmark one-year lending rate.

Industrial Bank Co., Ltd. acted as the lead underwriter and bookrunner for the Registered Issue with standby commitment. Approximately 75% of the proceeds will be used as working capital, and the remaining 25% will be used to repay bank loans of higher interest rates.

Relevant legal documentation, including the offering circular and issuance announcement of the Registered Issue, is published on the websites of ChinaMoney (http://www.chinamoney.com.cn) and ChinaBond (http://www.chinabond.com.cn).

SHANGHAI, July 6, 2011 /PRNewswire-Asia-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("the Company" or "JinkoSolar") (NYSE: JKS), a fast-growing, vertically-integrated solar power product manufacturer with low-cost operations based in China, today announced the commencement of the construction of five ground-mounted solar projects by Solairedirect, the largest French pure-play solar power company operating in France and sunbelt countries. These projects will use a total of 25 megawatts ("MW") of JinkoSolar-branded solar modules.

Under the terms of an agreement, which is the first between the two companies, JinkoSolar started delivering its PV modules in the first quarter of 2011, and shipments will continue until the third quarter of 2011.

"We are impressed with JinkoSolar's high-quality modules and believe they offer one of the best price-to-quality ratios in the industry," said Mr. Thierry Lepercq, Solairedirect's president. "Their solar modules will help us complete five of our ground-mounted projects. We are excited about working with JinkoSolar and as we expand our business and take on new solar projects in emerging markets such as India and Africa, we hope to continue working with JinkoSolar and develop a long-term relationship that will help both companies grow."

Mr. Arturo Herrero, chief marketing officer at JinkoSolar, commented, "Solairedirect, which is one of the leading global French solar companies, has an impressive track record of providing services throughout the PV value chain, from solar panel production and PV system development to PV installations and project financing. Our agreement with Solairedirect illustrates the quality of our solar modules and should help further improve the bankability of our business. We hope to contribute to even more Solairedirect projects and work together to offer solutions that help lead to grid parity."

First Quarter Results:

• Total revenues were a record RMB2.1 billion (US$326.7 million), an increase of 21.1% sequentially and 289.8% year-over-year, exceeding the Company's first quarter of 2011 guidance of US$280 million to US$290 million.
• Gross margin was 26.2%, compared to 28.5% in the fourth quarter of 2010 and 23.7% in the first quarter of 2010.
• In-house gross margin relating to the Company's in-house silicon wafer and solar cell production to solar module production was 31.0%, compared to 34.7% in the fourth quarter of 2010 and 32.2% in the first quarter of 2010.
• Income from operations was RMB419.4 million (US$64.0 million), an increase of 15.6% from RMB362.8 million in the fourth quarter of 2010 and an increase of 331.9% from RMB97.1 million in the first quarter of 2010.
• Net income was RMB336.6 million (US$51.4 million), a decrease of 8.6% sequentially and an increase of 358.6% year-over-year.
• Diluted earnings per American depositary share ("ADS") were RMB13.78 (US$2.10), compared to RMB15.61 in the fourth quarter of 2010 and RMB3.37 in the first quarter of 2010. Each ADS represents four ordinary shares.

"JinkoSolar continued its growth trajectory during the first quarter of 2011," said Mr. Kangping Chen, JinkoSolar's chief executive officer. "During the quarter, we exceeded our guidance in terms of revenue and beat expectations for our solar module shipments while continuing to make timely deliveries despite the uncertainty surrounding Italy's solar policies. This helped us maintain strong relationships with our customers in Italy as well as in Germany, strengthening our position as a leading solar module provider in those countries."

For the second quarter of 2011, JinkoSolar expects total solar module shipments to be in the range of 190 MW to 200 MW. Total revenues are expected to be in the range of US$330 million to US$350 million. The Company expects to increase its in-house annual silicon wafer, solar cell and solar module production capacities to approximately 1,000 MW each by the end of the second quarter of 2011.

Full Year 2011 Guidance

For the full year 2011, the Company maintains its guidance range of 950 MW to 1,000 MW in total solar module shipments and US$1.4 billion to US$1.5 billion in total revenues. The Company reiterates its in-house annual silicon wafer, solar cell and solar module production capacity targets of approximately 1.5 GW each by the end of 2011.

SHANGHAI, March 24, 2011 /PRNewswire-Asia/ -- JinkoSolar Holding Co., Ltd. announced today that Jinko Solar Co., Ltd. one of the Company's wholly owned subsidiaries, successfully issued unsecured short-term bonds with a principal amount of RMB300 million pursuant to its plan to issue unsecured one-year short-term bonds with an aggregate principal amount of RMB600 million with the PRC National Association of Financial Market Institutional Investors which was previously announced on January 13, 2011.

The Second Tranche Issue was issued on March 22, 2011, and will mature on March 23, 2012. The Second Tranche Issue bears a fixed annual interest rate of 5.6%, lower than the current benchmark one-year lending rate of 6.1%. The First Tranche with a principal amount of RMB300 million was issued on January 13, 2011.

Fourth Quarter Highlights:

• Total revenues in the fourth quarter of 2010 were RMB1.8 billion (US$267.7 million), an increase of 22.9% from RMB1.4 billion in the third quarter of 2010 and 156.9% from RMB687.8 million in the fourth quarter of 2009.
• Gross profit in the fourth quarter of 2010 was RMB503.5 million (US$76.3 million), an increase of 4.5% from RMB481.9 million in the third quarter of 2010 and 350.8% from RMB111.7 million in the fourth quarter of 2009.
• Income from operations in the fourth quarter of 2010 was RMB362.8 million (US$55.0 million), a decrease of 4.4% from RMB379.3 million in the third quarter of 2010 and an increase of 406.7% from RMB71.6 million in the fourth quarter of 2009.
• Basic and diluted earnings per share in the fourth quarter of 2010 were RMB4.01 (US$0.61) and RMB3.90 (US$0.59), respectively, and basic and diluted earnings per ADS were RMB16.03 (US$2.43) and RMB15.61 (US$2.36), respectively.

For the first quarter of 2011, JinkoSolar expects total solar module shipments to be in the range of 155 MW to 160 MW.

• Total revenues are expected to be in the range of US$280 million to US$290 million.

The Company expects to increase its in-house annual silicon wafer, solar cell and solar module production capacities to approximately 900 MW each by the end of the first quarter of 2011.

For the full year 2011, total solar module shipments are expected to be in the range of 950 MW to 1,000 MW.

• Total revenues are expected to be in the range of US$1.4 billion to US$1.5 billion.

The Company expects to increase its in-house annual silicon wafer, solar cell and solar module production capacities to approximately 1,500 MW each, as compared to its original guidance of 1,000 MW each by the end of 2011

SHANGHAI, Jan. 13, 2011 /PRNewswire-Asia-FirstCall/ -- JinkoSolar Holding Co., Ltd. announced today that Jinko Solar Co., Ltd., one of the Company's wholly owned subsidiaries, has successfully registered its plan to issue unsecured one-year short-term bonds with an aggregate principal amount of RMB 600 million with the PRC National Association of Financial Market Institutional Investors. The Company further announced that under the Registered Issue, Jiangxi Jinko issued unsecured short-term bonds with a principal amount of RMB 300 million on January 13, 2011.