JinkoSolar CEO Kangping Chen’s Commentary on Q3 2013 Earnings Results [Full Text]

Shipments to Japan continue to grow steadily, thanks to a bull market and our investment today. The Japanese market isalso expected to account for approximately 12% of our total shipments in 2014. Our reputation continued to grow in South Africa following the 274 MW contract was signed with ACCIONA. Meanwhile we have continued our effort to penetrate new emerging market, Middle East and Latin America.

In summary, with another quarter of profitability behind us, I am optimistic about the opportunities ahead of us as weconfidently look towards the future. Even during the toughest times, we never lost the hope or the courage we needed to push forward as one of the industry leaders. We continue to manage our business prudently, and have thus been able to adjust our vision and hone our ability to strategically execute. I believe that our industry leading technology, cost structure, steady downstream expansions and brand recognition have yielded the formula for our robust, sustainable future growth.

Guidance for Q4 2013

With that, let me now turn to the guidance. For the fourth quarter of 2013, we expect total solar module shipments to be in the range of 500 MW to 530 MW. Full year 2013 total solar module shipments has been revised upwards and will now be in the range of 1.7 GW to 1.8 GW compared to the previous guidance of 1.5 GW to 1.7 GW. By the end of the year, total operational solar PV projects are expected to be in the range of 210 MW to 230 MW

 

About JinkoSolar

JinkoSolar is a global leader in the solar PV industry with production operations in Jiangxi and Zhejiang Provinces in China and sales and marketing offices in Shanghai and Beijing, China; Munich, Germany; Bologna, Italy; Zug, Switzerland; San Francisco, the United States; Queensland, Australia; Ontario, Canada; Singapore; Tokyo, Japan; and Cape Town, South Africa.

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JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of approximately 1.5 GW each for silicon ingots, wafers, and solar PV cells, and approximately 1.8 MW for solar PV modules, as of September 30, 2013. JinkoSolar sells electricity in China and distributes its solar products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, Eastern Europe, China, India, Japan, South Africa, and other countries and regions.

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