One of the Leading Solar PV Module supplier Jinko Solar has announced that, it's module shipments have reached 1.19GW in 2012.
The Total solar product shipments for the full year 2012 reached a record high of 1,188.3 MW, consisting of 912.4 MW of solar modules, 197.4 MW of silicon wafers and 78.5 MW of solar cells, an increase of 25.0% from 950.5MW for the full year 2011. Also Total solar product shipments in Q4'12 were 301.9 MW, consisting of 252.3 MW of solar modules, 25.3 MW of silicon wafers and 24.3 MW of solar cells. This represents a decrease of 9.9% from 335.2 MW in the third quarter of 2012 and an increase of 33.0% from 227.0 MW in the fourth quarter of 2011.
Also Jinko solar (link) reported revenues of RMB 4.79 billion (US$769.6 million) for the full year 2012, a decrease of 35.1% from RMB7.38 billion for the full year 2011.
Other Key Financials:
- Gross margin was 4.8% for the full year 2012, compared with 15.6% for the full year 2011.
- Net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders was RMB1.54 billion (US$247.6 million) for the full year 2012, compared with a net income of RMB273.3 million for the full year 2011.
- Diluted loss per share for the full year 2012 was RMB17.38 (US$2.79), compared with a diluted loss per share of RMB1.23 for the full year 2011.
- Diluted loss per ADS for the full year 2012 was RMB69.52 (US$11.16), compared with a diluted loss per ADS of RMB4.92 for the full year 2011.
- Non-GAAP net loss attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders for the full year 2012 wereRMB1.42 billion (US$227.2 million), compared with a non-GAAP net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders of RMB4.4 million for the full year 2011.
- Non-GAAP basic and diluted loss per share the full year 2012 were RMB15.94 (US$2.56), and non-GAAP basic and diluted loss per ADS the full year 2012 were RMB 63.76 (US$10.23).
"As the European economies continue to struggle, we are focused on diversifying our presence in emerging solar markets such as China, Japan, the United States, South Africa and India. Although we entered the Japanese market relatively late, we have established a considerable market presence and become a serious competitor in the market. With more than 100MW worth of shipments to Japan already signed, we are confident about future opportunities as we adjust our strategy to Japan's rapidly maturing market." said Mr. Kangping Chen, JinkoSolar's Chief Executive Officer
He also added "We also expect the United States market to account for a large portion of the global growth in the coming year. Having adjusted our strategy to accommodate the AD/CVD tariffs, the United States' market is poised to contribute a considerable portion of our growth. In addition, in the fourth quarter of 2012, we have secured 60MW sales to India. We also announced last week the signing of a 115MW contract in South Africa, the second large contract we have signed in that country so far. Recently, we signed a three-year framework agreement of 600MW modules with China Three Gorges New Energy Corp. following the 50MW contract signed in October 2012. With our strong brand name and reputation for high quality and reliability in China, we are well positioned to capture future growth."
