JinkoSolar Holding said the company expects its module shipments to be in the range of 13 GW to 15 GW for the fourth quarter of 2022.
JinkoSolar estimates its module shipments will be in the range of 41.5 GW to 43.5 GW during the fourth quarter of 2022.
JinkoSolar expects its production capacity for mono wafer, solar cell and solar module to reach 65 GW, 55 GW and 70 GW, respectively, by the end of 2022.
JinkoSolar did not reveal its Capex plans for 2022.
Third Quarter 2022
JinkoSolar said shipments were 10,856 MW in the third quarter of 2022, including 10,286 MW for solar module shipments and 570 MW for cell and wafer shipments.
JinkoSolar’s revenues were RMB19.52 billion ($2.74 billion), up 3.6 percent sequentially and up 127.8 percent year-over-year. The sequential and year-over-year increases were mainly attributable to an increase in the shipment of solar modules.
JinkoSolar reported gross profit of RMB3.07 billion ($431.8 million), up 10.8 percent sequentially and up 137 percent year-over-year.
JinkoSolar reported gross margin of 15.7 percent, compared with 14.7 percent in Q2 2022 and 15.1 percent in Q3 2021. The sequential and year-over-year increases were mainly due to an increase in the shipments of N-type module with higher gross margin.
Net income of JinkoSolar was RMB549.8 million ($77.3 million), compared with net loss of RMB623.3 million in Q2 2022 and net income of RMB194.2 million in Q3 2021.