JinkoSolar Holding Co., Ltd. · NYSE:JKS
JinkoSolar — Q1 2022 Earnings Presentation
13 slides from JinkoSolar's earnings presentation, Apr 28, 2022
Slide 1: JinkoSolar Holding Co., Ltd. Q1 2022 Earnings Call Presentation
JINKOSOLAR HOLDING CO., LTD. Q1 2022 EARNINGS CALL PRESENTATION APRIL 28, 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: Q1 2022 financial highlights
Q1 2022 financial highlights Quarterly shipments were 8,390 MW (8,031 MW for solar modules, 359 MW for cells and wafers), total shipments down 13.4% QoQ, and up 56.7% YoY Total revenues were US$2.33 billion, down 9.9% QoQ, and up 85.9% YoY Gross profit was US$351.2 mn, down 15.8% QoQ and up 63.9% Yo
Slide 4: Business highlights
Business highlights 1 Significant year-over-year growth in revenues and module shipments. 2 At the end of the first quarter of 2022, we became the first in the industry to reach the delivery milestone of a total 100GW of solar modules. High-efficiency N-Type monocrystalline silicon solar cell sets n
Slide 5: 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 in technologies. • Optimizing in-house manufacturing • Sound global marketing network • A highly collaborative
Slide 6: Integrated capacity increased steadily while global manufacturing capability enhanced
Integrated capacity increased steadily while global manufacturing capability 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 suppli
Slide 7: Growth in China and DG market
Growth in China and DG market DG market penetration is increasing Brand advantage to enhance customer value DG DG DG At the end of the first quarter of 2022, we became the first in 20-25% ~30% 35~40% the industry to reach the delivery milestone of a total 100GW of solar modules, with a network servi
Slide 8: Business Plan for 2022
Business Plan for 2022 Annual total shipments to reach 35-40GW. Capacity for mono wafer, cell and module to reach 55GW,55GW(32.9GW for N-type cells) and 60GW, by the end of 2022. Shipments of N-type products expected to be >10GW in 2022. Proportion of distributed generation in our shipments
Slide 9: Quarterly financial highlights
Quarterly financial highlights Revenue and total shipments Gross profit and gross margin 9,693 10,000 8,390 415 9,024 17.1% 17.1% 8,031 8,000 15.1% 16.1% 351 2,570 2,329 15.1% 5,354 5,203 4,993 6,000 207 211 201 4,562 4,671 3,976 4,000 1,228 1,330 1,212 2,000 – Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 202
Slide 10: Income statement summary
Income statement summary Quarterly (US$mn) Change by RMB Q1 2021 Q4 2021 Q1 2022 QoQ change YoY change Total shipments 5,354MW 9,693MW 8,390MW (13.4)% 56.7% Total module shipments 4,562 MW 9,024MW 8,031MW (11.0)% 76.0% Revenue 1,212 2,572 2,329 (9.9)% 85.9% Gross profit 207 415 351 (15.8)% 63.9% Gro
Slide 11: Balance sheet summary
Balance sheet summary (US$mn) Q1 2021 Q4 2021 Q1 2022 Cash and restricted cash (1) 1,075 1,400 2,662 Accounts and notes receivable 913 1,442 1,666 Inventories 1,390 2,080 2,517 Net PPE 2,076 3,134 3,694 Total assets 8,364 11,453 14,580 Total debt 2,668 3,957 4,265 Short-term debt (2) 1,471 2,134 2,2
Slide 12: Operating guidance
Operating guidance Q1 2022A Q2 2022E FY2022E Total shipments 8.39 GW 8.5GW to 9.5GW 35.0GW to 40.0GW Notes: Unaudited quarterly financials. 11 11
Slide 13: www.jinkosolar.com
Building Your Trust in Solar www.jinkosolar.com hy are