Jinko expects to ship over 6 GW of PV modules in 2016.
2.03.2016: Chinese solar manufacturer JinkoSolar Holding Co. Ltd. posted a significant increase in revenue and profits in 2015. Revenue for last year was 16.08 billion CNY ($2.48 billion), up 61.1% from 9.98 billion CNY in 2014. Total annual shipments totaled 4,511.6 MW in 2015, up 53.35 from 2,943.6 MW in 2014. Of these modules, 304.0 MW was used in the Company's downstream solar power projects. Operating income increased from 931.6 million CNY in 2014 to 1.33 billion CNY last year. Net income improved slightly year-on-year from 673.0 million CNY to 683.8 million CNY. In the fourth quarter of 2015, the company registered a turnover of 6.07 billion CNY, up 104.4% from 2.97 billion CNY in the same period of the prior year. The operating result increased from 236.6 million CNY in the fourth quarter of 2014 to 482.7 million CNY in the latest quarter. Net income increased year-on-year from 244.7 million CNY to 349.4 million CNY. Total solar product shipments for the quarter totaled 1,709.9 MW. This was up 58.6.0% from 1,078.3 MW in the last quarter of 2014. As of the end of December 2015, the company had completed PV projects with a combined capacity of 1,006.6 MW. »Global demand for solar energy continues to grow steadily. We remain the market leader in China where growth and demand is expected to be strong and more balanced this year. With the extension of ITC, the biggest market uncertainty has been removed in the US which provides us with good visibility on market stability well into 2018. ASPs in major markets are expected to further stabilize during the first quarter of 2016 as demand grows. We remain cautious about the expansion of production capacity, but with demand growing sharply, we have plans in place to expand our manufacturing capacity to meet our minimum market demand expectations," said the company’s CEO Kangping Chen. Looking forward, the company said it expects to ship between 1.3 GW and 1.4 GW of PV modules in the first quarter and between 6.0 GW and 6.5 GW in full fiscal year 2016. © PHOTON
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