- In Q1 2022, JinkoSolar reported operating revenue of 14.681 billion yuan, a year-on-year increase of 86.42%.
- Net profit attributable to the parent company was 0.401 billion yuan, a year-on-year increase of 66.39%.
- Net profit, excluding non-recurring gains and losses (referred to as non-net profit deduction), was 0.3 billion yuan, a year-on-year increase of 287.78%.
- The company’s total shipments were 8,390MW, of which module shipments were 8,031MW, and silicon wafer and cell shipments were 359MW.
- The Q1 2022 report highlighted that, by the end of the first quarter, the company’s monocrystalline wafer, cell, and module production capacities had reached 40GW, 40GW, and 50GW respectively.
These numbers look more impressive when compared to last year’s first-quarter results (Q1 2021) where JinkoSolar delivered 5.35GW shipment globally. The total shipments increased by 56.7% over the same period last year. JinkoSolar is well-positioned to grow significantly in the coming quarters as it ramps up Tiger Neo production – Jinko’s new flagship product.
Related news: JinkoSolar Sets World Record for N-Type TOPCon Technology – 25.7%
From the current exorbitant costs of raw material and logistics, stems the need for higher efficiency solar panels. Tiger Neo is the answer to this. Project investors, developers, and DG market distributors rely heavily on high-efficiency products to dilute the extra cost and lower the dollar per kWh factor. The restrictions due to the surge in COVID-19 cases in the country coupled with the rising costs of polysilicon will drive and speed up the shift to n-type solutions in 2022 and beyond.
JinkoSolar is the largest solar panel manufacturer in the world in terms of cumulative global shipments boasting accolades for the highest quality and performance. Approximately one out of every ten solar modules installed in the world was produced by JinkoSolar. Read more
Link to the list of JinkoSolar distributors in Africa HERE
Author: Bryan Groenendaal
