JinkoSolar Holding Co., Ltd. · NYSE:JKS
JinkoSolar — Q2 2022 Earnings Presentation
14 slides from JinkoSolar's earnings presentation, Aug 26, 2022
Slide 1: Q2 2022 Earnings Call Presentation
JINKOSOLAR HOLDING CO., LTD. Q2 2022 EARNINGS CALL PRESENTATION AUGUST 26, 2022
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of JinkoSolar Holding Co., Ltd. (the “Company”) in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis
Slide 3: Q2 2022 financial highlights
Q2 2022 financial highlights Quarterly shipments were 10,532 MW (10,183 MW for solar modules, 349 MW for cells and wafers), total shipments up 25.5% QoQ, and up 102.4% YoY. Total revenues were US$2.81 billion, up 27.6% QoQ and up 137.6% YoY. Gross profit was US$413.8 million, up 24.5% QoQ and up 103
Slide 4: Business highlights
Business highlights 1 Significant year-over-year growth in revenues and module shipments. 2 Demand in European markets remained strong; shipments to China market increased significantly year-over-year and sequentially. Product mix was further optimized with the shipments of large-size products incre
Slide 5: JinkoSolar leads the industry with cutting-edge N-type technology
JinkoSolar leads the industry with cutting-edge N-type technology One of the most innovative solar module manufacturers Long-term leading technology advantage Lab efficiency of Mass-production TOPCon cells No. 1 for global module shipments in the industry by 1H up to 25.7% efficiency of TOPCon cells
Slide 6: Integrated capacity increased steadily and global manufacturing capability further enhanced
Integrated capacity increased steadily and global manufacturing capability further enhanced Enhanced global manufacturing capability Cooperation with industry leaders to extend integration Long-term supply agreements with Upstream：To ensure U.S. and German polysilicon reliable and stable supply
Slide 7: Sound global sales network with improving product and business structure
Sound global sales network with improving product and business structure Product and business structure improving Growing global demand for premium Tiger Neo DG DG Adopting TOPCon cell technology ~30% ~50% 15~20Wp more than PERC The proportion of DG in our 2021 2022 Q2 shipments increased to Hig
Slide 8: Consolidating our strengths to lead the industry
Consolidating our strengths to lead the industry Long-term R&D and Effective and efficient Global manufacturing and product leadership Management Capability sales network • Cutting-edge R&D. • Optimizing in-house manufacturing to • Sound global marketing network • A highly collaborative and reduce i
Slide 9: Business Plan for 2022
Business Plan for 2022 Mass production efficiency of N-type cells >25%, by the end of 2022. Annual total shipments to reach 35-40GW. Capacity for mono wafer, cell and module to reach 60GW,55GWand 65GW, respectively, by the end of 2022. Shipments of N-type products expected to be ~10GW in 202
Slide 10: Quarterly financial highlights
Quarterly financial highlights Revenue and total shipments Gross profit and gross margin 10,532 12,000 9,693 8,390 10,183 10,000 17.1% 15.1% 16.1% 15.1% 14.7% 9,024 8,031 8,000 5,203 4,993 6,000 2,813 2,570 415 414 4,671 2,329 351 3,976 4,000 1,228 1,330 211 201 2,000 – Q2 2021 Q3 2021 Q4 2021 Q1 20
Slide 11: Income statement summary
Income statement summary Quarterly (US$mn) Change by RMB Q2 2021 Q1 2022 Q2 2022 QoQ change YoY change Total shipments 5,203MW 8,390MW 10,532MW 25.5% 102.4% Total module shipments 3,976MW 8,031MW 10,183MW 26.8% 156.1% Revenue 1,228 2,329 2,813 27.6% 137.6% Gross profit 211 351 414 24.5% 103.9% Gross
Slide 12: Balance sheet summary
Balance sheet summary (US$mn) Q2 2021 Q1 2022 Q2 2022 Cash and restricted cash (1) 1,010 2,662 2,149 Accounts and notes receivable 808 1,666 2,096 Inventories 1,530 2,517 2,761 Net PPE 2,469 3,694 3,918 Total assets 8,884 14,580 15,414 Total debt 3,121 4,265 3,836 Short-term debt (2) 1,540 2,242 1,7
Slide 13: Operating guidance
Operating guidance Q2 2022A Q3 2022E FY2022E Total shipments 10.5 GW 9.0GW to 10.0GW 35.0GW to 40.0GW Notes: Unaudited quarterly financials. 12 12
Slide 14: www.jinkosolar.com
Building Your Trust in Solar www.jinkosolar.com hy are