{"id":38243,"date":"2020-03-18T05:44:43","date_gmt":"2020-03-17T19:14:43","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=38243"},"modified":"2020-03-18T05:44:43","modified_gmt":"2020-03-17T19:14:43","slug":"jinkosolar-results-coronavirus-mb1449","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-results-coronavirus-mb1449\/","title":{"rendered":"JinkoSolar Celebrates 2019 Performance, Still Confident About 2020"},"content":{"rendered":"

\"JinkoSolar<\/p>\n

Chinese solar panel manufacturer JinkoSolar had a huge year in 2019 and appears very confident about its prospects in 2020, even given the impact of the coronavirus COVID-19.<\/p>\n

Late last week, JinkoSolar announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019<\/span>. The company says it saw record highs for shipments, revenue and gross profit for both the final quarter last year and the full year.<\/p>\n

Total solar module shipments for 2019 totaled 14.3 GW, which was within JinkoSolar’s updated guidance range of 14.3 GW to 14.4 GW and represented a jump of 25.6% from 11.4 GW across 2018. JinkoSolar panel<\/a> shipments put the company at the top of the leaderboard of GlobalData\u2019s top ten list of solar panel manufacturers<\/a> for global shipments last year.<\/p>\n

2020 – What About The Coronavirus Impact?<\/h2>\n

2020 has been and will continue to be an entirely different beast for just about everyone – but JinkoSolar remains upbeat.<\/p>\n

It said the COVID-19 outbreak isn’t expected to have any material adverse impact on its operations looking ahead and is sticking by its full year 2020 shipment guidance and capacity expansion plans.<\/p>\n

“Our supply chain and logistics were temporarily affected by the outbreak early in the first quarter of 2020 but has improved significantly,” stated<\/a> JinkoSolar CEO Kangping Chen<\/span>.<\/p><\/blockquote>\n

Mr. Chen said the company’s capacity utilisation rate has already recovered to 100%. But there has been some impact over the last few months – around 400 MW to 500MW of panel shipments earmarked for the first quarter will be postponed to Q2.<\/p>\n

As mentioned here on SQ back in February<\/a> (and not in relation to JinkoSolar specifically), even with production starting to return to normal in China during March, the situation regarding Chinese solar component supply wasn’t expected to be back to normal in Australia until early April.<\/p>\n

For 2020, JinkoSolar estimates total solar module shipments to be in the range of 18 GW to 20 GW,\u00a0 a significant increase on 2019. It also expects its annual mono wafer, solar cell and solar module production capacity to reach 19.0 GW (18GW by April), 11.0 GW (including 900 MW N-type cells) and 25.0 GW respectively by the time the year is done.<\/p>\n

As at the end of last year, the company’s mono\u00a0wafer, solar cell and solar module production capacity was 11.5 GW, 10.6 GW (9.8 GW PERC cells and 800 MW N type cells) and 16 GW respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese solar panel manufacturer JinkoSolar had a huge year in 2019 and appears very confident about its prospects in 2020, even given the impact of the coronavirus COVID-19.<\/p>\n","protected":false},"author":17,"featured_media":38244,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-38243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nJinkoSolar Celebrates 2019 Performance, Still Confident About 2020<\/title>\n<meta name=\"description\" content=\"JinkoSolar had a huge year in 2019 and appears very 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The wraps were taken off the original Tiger Pro series in May last year, featuring panels up to 585 watts capacity - although that monster module doesn't\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JinkoSolar Tiger Pro solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/jinko-tiger-pro.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/jinko-tiger-pro.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/jinko-tiger-pro.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/jinko-tiger-pro.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/jinko-tiger-pro.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":49260,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-fy20-results-mb1950\/","url_meta":{"origin":38243,"position":2},"title":"JinkoSolar Publishes Q4 2020 And Full Year Results","author":"Michael Bloch","date":"April 12, 2021","format":false,"excerpt":"For solar panel manufacturing giant JinkoSolar, its 2020 shipment figures read like the pandemic never happened. For the final quarter of 2020, JinkoSolar module shipments reached 5,774 MW, up 27.2% year over year. Despite what it called a \"challenging year\", the company achieved 18,771 MW for the full year -\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Jinko Solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/jinkosolar-panels.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":60196,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-q4-2021-mb2407\/","url_meta":{"origin":38243,"position":3},"title":"JinkoSolar Releases Q4 And Full Year 2021 Results","author":"Michael Bloch","date":"March 24, 2022","format":false,"excerpt":"Solar panel manufacturer JinkoSolar is very pleased with its results for what the company described as a very challenging year. In terms of the final quarter of last year, the company's shipments reached 9,024 MW for solar panels and 669 MW for cells and wafers. Jinko says its total shipments\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JinkoSolar 2021 results","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/jinkosolar-panels.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/jinkosolar-panels.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/jinkosolar-panels.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/jinkosolar-panels.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/03\/jinkosolar-panels.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":38603,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-ppe-donation-mb1466\/","url_meta":{"origin":38243,"position":4},"title":"JinkoSolar Donating 1 Million Face Masks And Other PPE","author":"Michael Bloch","date":"March 31, 2020","format":false,"excerpt":"Chinese solar panel manufacturing goliath JinkoSolar is doing its bit to help in the coronavirus battle outside its home country's borders. The company announced yesterday it is donating one million face masks and other personal protective equipment (PPE) items to a number of countries severely impacted by COVID-19. The beneficiary\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JinkoSolar PPE donation","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-donation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-donation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-donation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-donation.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/jinkosolar-donation.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":83223,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinkosolar-factory-fire-mb2910\/","url_meta":{"origin":38243,"position":5},"title":"JinkoSolar Fires Up – Quite Literally","author":"Michael Bloch","date":"May 1, 2024","format":false,"excerpt":"A spanner has been thrown into the works of solar panel manufacturer JinkoSolar after a fire at one of its manufacturing facilities. On Monday, the company reported a fire occurred last week at one of its silicon wafer slicing and solar cell manufacturing workshops in Shanxi Province, China. Thankfully there\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JinkoSolar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/jinko-factory-fire.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/jinko-factory-fire.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/jinko-factory-fire.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/jinko-factory-fire.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/jinko-factory-fire.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/38243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=38243"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/38243\/revisions"}],"predecessor-version":[{"id":38247,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/38243\/revisions\/38247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/38244"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=38243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=38243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=38243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}