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On the night of August 26, 2022, JinkoSolar (688223.SH) disclosed its 2022 semi-annual efficiency report. The report exhibits that within the first half of 2022, the corporate’s efficiency elevated considerably year-on-year, reaching working income of 33.407 billion, up 112.44% year-on-year; reaching internet revenue attributable to shareholders of listed firms of 905 million, up 60.14% year-on-year; reaching working money circulate of two.23 billion, up 481% year-on-year.
It’s price noting that within the first half of 2022, JinkoSolar shipped a complete of 18.92GW photo voltaic merchandise globally, up 79% year-on-year, together with 18.21GW photo voltaic modules. Within the semi-annual efficiency stories of main photo voltaic firms, JinkoSolar ranked high in module shipments globally.
The semi-annual report exhibits that for JinkoSolar’s international module cargo locations within the first half of 2022, the European market accounted for the very best proportion, with excessive percentages of China, Asia Pacific and rising markets. Within the European market, JinkoSolar N-type Tiger Neo collection modules achieved a lot of orders and excessive premium ranges. Within the Chinese language market, JinkoSolar carried out massive base initiatives whereas specializing in the exploration and growth of the distribution market, reaching speedy progress in shipments. As well as, JinkoSolar additionally achieved quick progress in Latin America, India and different markets by means of main format and seizing market rotation alternatives.
JinkoSolar’s administration indicated that for the entire 12 months, JinkoSolar has sturdy confidence to finish the module cargo goal of 35-40GW, whereas persevering with to make regular progress towards the N-type product cargo goal of 10GW.
As a pacesetter within the “N-type period” of the photo voltaic {industry}, JinkoSolar has established a aggressive benefit in N-type TOPCon technological innovation and capability scale. In accordance with the semi-annual report, N-type TOPCon cell effectivity has exceeded 24.8%, which stays the main stage within the {industry}, and it’s nonetheless attainable to enhance its effectivity and scale back value within the subsequent 2-3 years. On the similar time, by means of the continual exploration of latest know-how in IBC, tilling ribbon and perovskite, JinkoSolar confirmed its confidence to repeatedly keep the know-how management within the {industry}.
Vertical integration functionality is important for photo voltaic firms to take part in future competitions. Within the first half of 2022, JinkoSolar selectively strengthened its superior capability on the premise of a bigger capability scale. JinkoSolar 16GW N-type TOPCon cell mission originally of the 12 months has been absolutely completed within the second quarter, the next 8GW cell mission in Hefei has been put into operation, and the 11GW mission in Jianshan can be underneath development with the goal of upper effectivity and decrease value, to be able to keep the JinkoSolar’s management in N-type TOPCon know-how.
JinkoSolar’s administration stated that sooner or later, JinkoSolar will proceed to consolidate the industry-leading stage of capability integration, maximize some great benefits of vertical integration, understand the speedy embedding of technological innovation in all segments of the {industry} chain, and repeatedly scale back the price of built-in manufacturing. In the meantime, the proportion of N-type manufacturing capability and the proportion of N-type product shipments can even proceed to extend.
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