JinkoSolar Holding expects its shipments to be 7.5 GW — 8.0 GW for the first quarter of 2022 and 35 GW — 40 GW for full year 2022.
JinkoSolar expects its mono wafer, solar cell and solar module production capacity to reach 50 GW, 40 GW (including 16.9 GW N-type cells) and 60 GW, respectively, by the end of 2022, from 32.5 GW, 24 GW (940 MW for N-type cells) and 45 GW, respectively, in 2021.
JinkoSolar said shipments in the fourth quarter of 2021 were 9,693 MW, including 9,024 MW for solar module shipments and 669 MW for cell and wafer shipments.
Shipments in the full year 2021 were 25,242 MW, including 22,232 MW for solar module shipments and 3,010 MW for cell and wafer shipments.
JinkoSolar reported revenues of $2.57 billion (+73.9 percent) in the fourth quarter of 2021 and $6.41 billion (+16.2 percent) for full year 2021. The increase in total revenues was mainly attributable to an increase in the shipment of solar modules which was mainly attributable to China’s favorable policies on renewable energy and the growth of global market demand.
Gross profit was RMB2.64 billion (US$414.9 million), up 104.0 percent sequentially and up 75.5 percent year over year.
Gross margin was 16.1 percent, compared with 15.1 percent in Q3 2021 and 16.0 percent in Q4 2020.
Net income was RMB239.5 million (US$37.6 million), compared with RMB194.2 million sequentially and net loss RMB377.0 million year over year.
The proportion of shipments in the Chinese market increased to approximately 34 percent in the fourth quarter of 2021.
Quarterly shipments were 9,693 MW (9,024 MW for solar modules, 669 MW for cells and wafers), total shipments up 94.1 percent sequentially, and up 67.9 percent year over year.
JinkoSolar’s Chairman and CEO Xiande Li said: “We improved our in-house production capabilities and further strengthened our global supply chain to reduce costs, while increasing resilience to risks by leveraging our global network.”