JinkoSolar Holding Co., Ltd. · NYSE:JKS
JinkoSolar — Q3 2021 Earnings Presentation
12 slides from JinkoSolar's earnings presentation, Nov 30, 2021
Slide 1: Q3 2021 Earnings Call Presentation
JINKOSOLAR HOLDING CO., LTD. Q3 2021 EARNINGS CALL PRESENTATION NOV 30, 2021
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: Q3 2021 financial highlights
Q3 2021 financial highlights Quarterly shipments were 4,993 MW (4,671 MW for module, 322 MW for cell and wafer), total shipments down 4.0% QoQ, down 2.4% YoY Total revenues were US$1.33 bn, up 8.1% QoQ, down 2.3% YoY Gross profit was US$201.1 mn, down 4.6% QoQ, down 13.3% YoY Gross margin of 15.1%,
Slide 4: Business highlights
Business highlights 1 JinkoSolar’s High-efficiency N-Type Monocrystalline Silicon Solar Cell Sets New World Record with Highest Conversion Efficiency of 25.4%. Over 7GW of new cell capacity put into production in the second quarter reached full 2 production in the third quarter, reducing cell produc
Slide 5: Consolidating our strengths to navigate challenges
Consolidating our strengths to navigate challenges Strategic cooperations mitigate risks; R&D and in-house manufacturing capabilities lead the industry 1 Flexible business strategy 3 Long-term leading R&D and product advantage Optimized product structure ： Shipments of Tiger N-type cell technolo
Slide 6: Integrated capacity increased steadily while global manufacturing capability enhanced
Integrated capacity increased steadily while global manufacturing capability enhanced Enhanced global manufacturing capability Cooperation with industry leaders to extend integration Long-term supply agreements with Upstream：To ensure U.S. and German polysilicon reliable and stable supply suppli
Slide 7: Growth in China and DG market
Growth in China and DG market DG market penetration is increasing Brand advantage to enhance customer value DG DG We have recently won the bid for the new Dubai Electricity 20-25% ~40% DG & Water Authority (DEWA) headquarters building project, which will become the world’s largest and tallest single
Slide 8: Quarterly financial highlights
Quarterly financial highlights Revenue and total shipments Gross profit and gross margin 5,774 6,000 5,354 5,203 5,117 4,993 (1) 17.1% 17.1% 17.0% 16.0% 4,562 4,671 5,000 15.1% 1,444 3,976 1,292 1,330 4,000 231 1,212 1,228 220 207 211 201 3,000 2,000 1,000 – Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2022 Q
Slide 9: Income statement summary
Income statement summary Quarterly (US$mn) Change by RMB Q3 2020 Q2 2021 Q3 2021 QoQ change YoY change Total shipments 5,517MW 5,203MW 4,993MW (4.0)% (2.4)% Total module shipments 5,517MW 3,976MW 4,671MW 17.5% 2.4% Revenue 1,292 1,228 1,330 8.1% (2.3)% Gross profit 220 211 201 (4.6)% (13.3)% Gross m
Slide 10: Balance sheet summary
Balance sheet summary (US$mn) Q3 2020 Q2 2021 Q3 2021 Cash and restricted cash (1) 943 1,010 1,136 Accounts and notes receivable 1,143 808 915 Inventories 1,137 1,530 2,091 Net PPE 1,726 2,469 2,723 Total assets 7,366 8,884 9,932 Total debt 2,535 3,121 3,688 Short-term debt (2) 1,714 1,540 1,907 Lon
Slide 11: Operating and financial guidance
Operating and financial guidance Q3 2021 Q4 2021E FY2021E Total shipments 4.99 GW 7.3GW to 8.8GW 22.8GW to 24.3GW Revenue US$1.33 bn US$1.8 bn to US$2.2 bn N/A Gross margin 15.1% 13.0% -16.0% N/A Notes: Unaudited quarterly financials. 10 10
Slide 12: www.jinkosolar.com
Building Your Trust in Solar www.jinkosolar.com hy are