JinkoSolar achieves the highest AAA Ranking in PV Tech’s ModuleTech Bankability Report

  • JinkoSolar has achieved the highest “AAA” category ranking in PV Tech’s Q2 ModuleTech bankability report.
  • This prestigious recognition underscores the company’s exceptional performance in manufacturing and financial indicators, as well as its leadership in N-type TOPCon technology.

On July 14th, 2023, JinkoSolar’s subsidiary Jinko Solar Co., Ltd. published estimates of certain preliminary unaudited financial results for the first half of 2023. The preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko is estimated to be in the range from RMB3.66 billion to RMB4.06 billion, increasing by from 304.38% to 348.58% year over year, and demonstrating solid profitability growth quarter over quarter. In the first quarter of 2023, JinkoSolar delivered 13.04GW of solar modules. With this remarkable performance, JinkoSolar has solidified its No.1 shipment position as a leading solar module supplier globally, with a cumulative module shipment of 150GW by the end of the first quarter of 2023.

JinkoSolar has made significant strides in large-scale production of N-type TOPCon modules, achieving a mass production efficiency of 25.4%. It expects mass-produced N-type cell efficiency to reach 25.8% and N-type cell capacity to account for over 70% of its solar cell capacity by the end of 2023.

By the end of the first quarter of 2023, JinkoSolar’s accumulated N-type module shipments exceeded 16 GW, providing support for hundreds of projects globally over the past year. The proportion of N-type modules shipments in its total module shipments is expected to reach about 60% in 2023, as the Company expects strong demand for high-efficiency products from a growing number of markets and customers.

Mr. Kangping Chen, CEO of Jinko Solar Co., Ltd., commented, “As a leading solar module manufacturer, we are honored to be recognized by PV Tech as the most bankable solar brand among customers, investors, and banks worldwide. This serves as a testament to our unwavering commitment to research, rigorous quality control, and technological innovation. We will continue to elevate the quality, reliability, and long-term performance of our PV modules to create greater value and returns for our shareholders.”

Author: Bryan Groenendaal

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