JinkoSolar Holding Co., Ltd. · NYSE:JKS
JinkoSolar — Q3 2022 Earnings Presentation
14 slides from JinkoSolar's earnings presentation, Oct 28, 2022
Slide 1: Q3 2022 Earnings Call Presentation
JINKOSOLAR HOLDING CO., LTD. Q3 2022 EARNINGS CALL PRESENTATION OCT 28, 2022
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 2022 financial highlights
Q3 2022 financial highlights Quarterly shipments were 10,856 MW (10,286 MW for solar modules, and 570 MW for cells and wafers),total shipments up 3.1% QoQ, and up 117.4% YoY. Total revenues were US$2.74 billion, up 3.6% QoQ and up 127.8% YoY. Gross profit was US$431.8 million, up 10.8% QoQ and up 13
Slide 4: Business highlights
Business highlights 1 Demand for module shipments is strong globally. Quarterly module shipments globally doubled year-over-year, and shipments to China increased 5 times year-over-year. 2 Our high-efficiency N-Type monocrystalline silicon solar cell achieved a new record with maximum conversion eff
Slide 5: JinkoSolar leads the industry with cutting-edge N-type technology
JinkoSolar leads the industry with cutting-edge N-type technology One of the most innovative solar module manufacturers Long-term leading technology advantage Lab efficiency of Mass-production The first in the industry to reach the delivery milestone of a TOPCon cells efficiency of TOPCon up to 26.1
Slide 6: Integrated capacity increased steadily and global manufacturing capability further enhanced
Integrated capacity increased steadily and global manufacturing capability further 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
Slide 7: Extensive global sales network with improving product and business structure
Extensive global sales network with improving product and business structure Product and business structure improving Growing global demand for premium Tiger Neo DG DG Adopting TOPCon cell technology ~50% ~60% The proportion of DG in our 15~20Wp more than PERC 2022 Q2 2022 Q3 shipments increased t
Slide 8: Consolidating our strengths to lead the industry
Consolidating our strengths to lead the industry Long-term R&D and Effective and efficient Global manufacturing and product leadership Management Capability sales network • Cutting-edge R&D. • Optimizing in-house manufacturing to • Extensive global marketing network • A highly collaborative and redu
Slide 9: Business Plan
Business Plan Mass production efficiency of N-type cells to reach 25.7%, by the end of 2023. Annual module shipments to reach 41.5~43.5GW. Capacity for mono wafer, cell and module to reach 65GW,55GWand 70GW, respectively, by the end of 2022. Shipments of N-type products expected to be ~10GW
Slide 10: Quarterly financial highlights
Quarterly financial highlights Revenue and total shipments Gross profit and gross margin 10,532 10,856 12,000 9,693 10,183 10,286 10,000 16.1% 15.7% 8,390 15.1% 15.1% 14.7% 9,024 8,031 8,000 4,993 6,000 2,813 2,744 432 2,570 415 414 4,671 2,329 351 4,000 1,330 201 2,000 – Q3 2021 Q4 2021 Q1 2022 Q2
Slide 11: Income statement summary
Income statement summary Quarterly (US$mn) Change by RMB Q3 2021 Q2 2022 Q3 2022 QoQ change YoY change Total shipments 4,993MW 10,532MW 10,856MW 3.1% 117.4% Total module shipments 4,671MW 10,183MW 10,286MW 1.0% 120.2% Revenue 1,330 2,813 2,744 3.6% 127.8% Gross profit 201 414 432 10.8% 137.0% Gross
Slide 12: Balance sheet summary
Balance sheet summary (US$mn) Q3 2021 Q2 2022 Q3 2022 Cash and restricted cash (1) 1,136 2,149 2,101 Accounts and notes receivable 915 2,096 2,050 Inventories 2,091 2,761 3,013 Net PPE 2,723 3,918 4,246 Total assets 9,932 15,414 15,612 Total debt 3,688 3,836 4,162 Short-term debt (2) 1,907 1,775 1,8
Slide 13: Operating guidance
Operating guidance Q3 2022A Q4 2022E FY2022E Total module shipments 10.3 GW 13.0 GW to 15.0 GW 41.5 GW to 43.5 GW Notes: Unaudited quarterly financials. 12 12
Slide 14: www.jinkosolar.com
Building Your Trust in Solar www.jinkosolar.com hy are