Core Points - JinkoSolar has been awarded the Solar Power World 2023 Leadership in Solar Energy Award in the solar panel category, recognizing its leadership in the solar industry [1] - The award reflects JinkoSolar's commitment to technology, R&D, and ESG, as well as its strong local service and support to U.S. customers [2] Company Overview - JinkoSolar is one of the largest and most innovative solar module manufacturers globally, distributing products and services to a diverse international customer base across multiple countries [3] - As of September 30, 2023, JinkoSolar operates 14 production facilities and has 24 overseas subsidiaries in various countries, along with global sales teams [4]

SHANGRAO, China, Jan. 5, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its affiliated company has recently granted rights to certain of its N-type TOPCon (Tunnel Oxide Passivated Contact)-related patents to one of the top ten solar module companies in the world ("Licensee") with reasonable license fee arrangement, allowing Licensee to use certain JinkoSolar's paten ...

SHANGRAO, China, Dec. 28, 2023 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that the near and long-term science-based emissions reduction targets* of its principle subsidiary Jinko Solar Co., Ltd., have recently been approved by the SBTi, making JinkoSolar the first PV company in the world to have its Net-zero targets validated. It is only the second company in mainlan ...

SHANGRAO, China, Dec. 27, 2023 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that all shareholders resolutions proposed at the Company's 2023 annual general meeting held today were duly passed. Specifically, the Company's shareholders passed the following resolutions approving: The re-election of Mr. Wing Keong Siew as a director of the Company; The re-election of Mr. ...

Core Insights - JinkoSolar has been granted 330 TOPCon patents, positioning itself as a leader in N-type TOPCon technology [1] - The company has applied for over 3500 patents and holds more than 2000 patents across various solar technologies, including PERC, TOPCon, and BC [1][2] - JinkoSolar emphasizes the importance of intellectual property rights and independent innovation in maintaining its competitive edge [2] Company Overview - JinkoSolar is one of the largest solar module manufacturers globally, distributing products to a diverse international customer base across multiple countries [3] - As of September 30, 2023, JinkoSolar operates 14 production facilities and has 24 overseas subsidiaries in various countries, enhancing its global presence [4]

Financial Data and Key Metrics Changes - Total module shipments increased by approximately 21.4 gigawatts, a rise of 107.9% year-over-year [7] - Net income rose by 140.7% to $181.4 million, while adjusted net income surged by 215.1% to $184.6 million [7] - Diluted earnings per ordinary share increased by 188.7% to $0.63, and gross margin improved from 15.7% to 19.3% [7][20] Business Line Data and Key Metrics Changes - High-efficiency N-type products accounted for over 60% of total module shipments, contributing to improved profitability [7] - Shipments of high-efficiency Tiger Neo modules exceeded 60% of total module shipments, particularly in China, the Middle East, and North Africa [15] Market Data and Key Metrics Changes - The domestic market accounted for around 40% of total shipments, with emerging markets remaining stable [14] - Shipments to Asia Pacific and North America increased compared to the previous quarter [15] - Newly added installations of PV in the domestic market reached 128.9 gigawatts, nearly 50% more than the full year installations in 2022 [8] Company Strategy and Development Direction - The company aims to exceed the four-year module shipment guidance of 70 to 75 gigawatts, with N-type modules expected to account for approximately 60% of total shipments [13] - The company is optimistic about the growth potential of solar storage parity and is steadily progressing in energy storage business development [10] - The company plans to maintain a competitive capacity structure, with N-type cell production capacity expected to reach about 70 gigawatts by the end of the year [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating market volatility and achieving sustainable profitability [8] - The company anticipates a new installation record in China this year, driven by lower module prices and strong demand [18] - Management highlighted the importance of continuous technology iteration and integrated capacity to maintain industry leadership [11] Other Important Information - The company declared a cash dividend of $1.5 per ADS, expected to be paid on or around December 6 [19] - The company received a high rating from Ecovadis for its commitment to sustainable development [12] Q&A Session Summary Question: Module pricing trends in Q4 and Q1 - Management expects module prices to trend downward in Q4, with a potential slight decrease in gross margin due to increased exposure to the Chinese market [25][26] Question: US shipments and contribution to margins - US shipments in Q3 were around 1.3 to 1.4 gigawatts, with expectations for stable shipments in Q4 [62] Question: Inventory levels in Europe - Current inventory levels in Europe are higher than normal due to price declines, but demand remains robust [68] Question: Impact of interest rates on projects - Most clients have secured fixed interest rates for existing projects, mitigating the impact of rising interest rates [74] Question: Progress on US expansion capacity - The company is awaiting detailed guidance on IRA subsidies but remains bullish on the US market [76]

Financial Performance - Total revenues reached US$4.36 billion, a 3.7% increase QoQ and a 63.1% increase YoY[8] - Gross margin was 19.3%, compared to 15.6% in Q2 2023 and 15.7% in Q3 2022[8] - Adjusted net income attributable to JinkoSolar Holding Co., Ltd's ordinary shareholders was US$184.6 million, up 215.1% YoY[8] - Module shipments in Q3 2023 were 21,384 MW, up 20.4% QoQ and 107.9% YoY[8, 11] - Cash and short-term restricted cash amounted to US$1.93 billion as of the end of Q3 2023[8] N-Type Technology and Products - N-type module shipments accounted for more than 60% of all module shipments globally in Q3[15, 25] - Mass production efficiency of N-type TOPCon cells reached 25.6%[15, 17] - Power output of N-type modules was 25-30wp higher than that of similar P-type modules[15, 17] - The company expects mass production efficiency of N-type cells to reach 25.8% by the end of 2023[31] Production and Capacity - The company had delivered a total of 190GW solar modules globally by the end of Q3[13, 17] - Module shipments for the nine months of 2023 exceeded 52GW[17] - The company anticipates 2023 module shipments to exceed 70~75GW, with around 23GW in Q4 2023[31]

[JinkoSolar Third Quarter 2023 Financial Results](index=1&type=section&id=JinkoSolar%20Announces%20Third%20Quarter%202023%20Financial%20Results) [Third Quarter 2023 Business Highlights](index=1&type=section&id=Third%20Quarter%202023%20Business%20Highlights) JinkoSolar achieved significant growth in Q3 2023, with module shipments up 107.9% year-over-year, driven by N-type technology and cumulative deliveries reaching 190 GW globally - Module shipments experienced substantial growth, increasing **20.4% sequentially** and **107.9% year-over-year**, driven by N-type technology and global operations[2](index=2&type=chunk) - The company became the first global module manufacturer to achieve **190 GW** in cumulative solar module deliveries across over 190 countries[2](index=2&type=chunk) - N-type modules comprised over **60% of total shipments**, maintaining a competitive premium, with N-type TOPCon cell mass production efficiency reaching **25.6%**[2](index=2&type=chunk) [Third Quarter 2023 Operational and Financial Highlights](index=1&type=section&id=Third%20Quarter%202023%20Operational%20and%20Financial%20Highlights) JinkoSolar reported strong Q3 2023 financial performance with total revenues of **RMB 31.83 billion** (+63.1% YoY) and gross margin improving to **19.3%** Q3 2023 Key Financial and Operational Metrics | Metric | Q3 2023 | Q2 2023 | Q3 2022 | YoY Change | QoQ Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Shipments (MW)** | 22,597 | 18,612 (implied) | 10,853 (implied) | +108.2% | +21.4% | | **Total Revenues (RMB Billion)** | 31.83 | 30.69 | 19.52 | +63.1% | +3.7% | | **Gross Profit (RMB Billion)** | 6.13 | 4.78 | 3.07 | +99.7% | +28.2% | | **Gross Margin** | 19.3% | 15.6% | 15.7% | +3.6 percentage points | +3.7 percentage points | | **Net Income (RMB Billion)** | 1.32 | 1.31 | 0.55 | +140.0% | +0.8% | | **Adjusted Net Income (RMB Billion)** | 1.35 | 1.43 | 0.43 | +214.0% | -5.6% | | **Diluted EPS (RMB)** | 4.61 | 5.55 | 1.60 | +188.1% | -16.9% | [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO Xiande Li attributed strong Q3 results to N-type TOPCon technology leadership and global operations, driving significant growth despite market volatility - The CEO highlighted significant year-over-year increases in module shipments (**+107.9%**), net income (**+140.7%**), and gross margin (from **15.7% to 19.3%**), driven by N-type TOPCon technology and global network advantages despite market volatility[4](index=4&type=chunk) - The company expresses confidence in navigating industry competition and cyclical volatility by leveraging its global sales, operational capabilities, and continuous R&D for competitive advantage[5](index=5&type=chunk) - The company believes TOPCon technology will remain the mainstream technical path for the next **3-5 years**, leading the industry in power output, cost efficiency, and product competitiveness[7](index=7&type=chunk) - Full-year module shipments are projected to exceed the **70-75 GW** guidance, with N-type modules comprising approximately **60%** of the total[8](index=8&type=chunk) [Detailed Financial Results](index=3&type=section&id=Third%20Quarter%202023%20Financial%20Results) [Total Revenues](index=3&type=section&id=Total%20Revenues) Total revenues for Q3 2023 reached **RMB 31.83 billion** (US$4.36 billion), increasing **63.1%** year-over-year due to higher solar module shipments Revenue Performance (RMB billions) | Period | Revenue (RMB Billion) | Sequential Change | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Q3 2023 | 31.83 | +3.7% | +63.1% | | Q2 2023 | 30.69 | - | - | | Q3 2022 | 19.52 | - | - | [Gross Profit and Gross Margin](index=3&type=section&id=Gross%20Profit%20and%20Gross%20Margin) Gross profit in Q3 2023 significantly increased to **RMB 6.13 billion**, with gross margin improving to **19.3%** due to decreased raw material costs Gross Profit and Margin Performance | Metric | Q3 2023 | Q2 2023 | Q3 2022 | | :--- | :--- | :--- | :--- | | **Gross Profit (RMB Billion)** | 6.13 | 4.78 | 3.07 | | **Gross Margin** | 19.3% | 15.6% | 15.7% | [Income from Operations and Operating Margin](index=3&type=section&id=Income%20from%20Operations%20and%20Operating%20Margin) Income from operations for Q3 2023 rose substantially to **RMB 2.99 billion**, expanding the operating margin to **9.4%** due to higher revenues and gross margin Operating Income and Margin Performance | Metric | Q3 2023 | Q2 2023 | Q3 2022 | | :--- | :--- | :--- | :--- | | **Income from Operations (RMB Billion)** | 2.99 | 1.54 | 0.063 | | **Operating Margin** | 9.4% | 5.0% | 0.3% | [Net Income and Earnings per Share](index=4&type=section&id=Net%20Income%20and%20Earnings%20per%20Share) Net income attributable to shareholders in Q3 2023 was **RMB 1.32 billion** (US$181.4 million), a significant increase from Q3 2022 Net Income and EPS Performance | Metric | Q3 2023 | Q2 2023 | Q3 2022 | | :--- | :--- | :--- | :--- | | **Net Income (RMB Billion)** | 1.32 | 1.31 | 0.55 | | **Adjusted Net Income (RMB Billion)** | 1.35 | 1.43 | 0.43 | | **Diluted EPS (RMB)** | 4.61 | 5.55 | 1.60 | | **Diluted Earnings per ADS (USD)** | 2.53 | 22.20 (RMB) | 6.39 (RMB) | [Financial Position and Operational Highlights](index=5&type=section&id=Financial%20Position%20and%20Operational%20Highlights) [Financial Position](index=5&type=section&id=Financial%20Position) As of September 30, 2023, the company reported **RMB 14.11 billion** in cash, **RMB 25.78 billion** in receivables, and reduced total interest-bearing debt to **RMB 30.83 billion** Key Balance Sheet Items (RMB billions) | Account | Sep 30, 2023 | Jun 30, 2023 | | :--- | :--- | :--- | | **Cash & Cash Equivalents (RMB Billion)** | 14.11 | 17.03 | | **Accounts Receivables (RMB Billion)** | 25.78 | 21.59 | | **Inventories (RMB Billion)** | 19.15 | 20.09 | | **Total Interest-bearing Debts (RMB Billion)** | 30.83 | 34.31 | [Operational Highlights](index=5&type=section&id=Third%20Quarter%202023%20Operational%20Highlights) JinkoSolar's total shipments in Q3 2023 reached **22,597 MW**, comprising **21,384 MW** of solar modules and **1,213 MW** of cells and wafers - Total shipments in Q3 2023 amounted to **22,597 MW**, consisting of **21,384 MW** of solar modules and **1,213 MW** of cells and wafers[18](index=18&type=chunk) [Business Outlook and Recent Developments](index=5&type=section&id=Business%20Outlook%20and%20Recent%20Developments) [Business Outlook](index=5&type=section&id=Operations%20and%20Business%20Outlook%20Highlights) JinkoSolar anticipates N-type module shipments to comprise **60%** of total 2023 shipments, with N-type cell efficiency reaching **25.8%** and overseas integrated capacity expanding to over **12 GW** - N-type module shipments are expected to constitute approximately **60%** of total module shipments in 2023[19](index=19&type=chunk) - Mass-produced N-type cell efficiency is projected to reach **25.8%** by the end of 2023[19](index=19&type=chunk) - Overseas integrated capacity is planned to expand to over **12 GW** by year-end 2023, with N-type production exceeding **75%** of this capacity[20](index=20&type=chunk) [Q4 and Full Year 2023 Guidance](index=5&type=section&id=Fourth%20Quarter%20and%20Full%20Year%202023%20Guidance) JinkoSolar anticipates Q4 2023 module shipments of approximately **23 GW** and expects to exceed its full-year target of **70 to 75 GW** Shipment Guidance | Period | Module Shipment Guidance | | :--- | :--- | | **Q4 2023** | Approx. 23 GW | | **Full Year 2023** | Exceeding 70 to 75 GW | [Production Capacity Guidance](index=5&type=section&id=Solar%20Products%20Production%20Capacity) By year-end 2023, JinkoSolar targets annual production capacity of **85.0 GW** for mono wafers, **90.0 GW** for solar cells, and **110.0 GW** for solar modules End-of-2023 Production Capacity Targets | Product | Annual Capacity (GW) | | :--- | :--- | | **Mono Wafer** | 85.0 | | **Solar Cell** | 90.0 | | **Solar Module** | 110.0 | [Recent Business Developments](index=5&type=section&id=Recent%20Business%20Developments) Recent developments include a **3.8 GW** N-type module supply agreement with ACWA Power, a new N-type cell efficiency record of **26.89%**, and a **US$1.50** per ADS cash dividend declaration - Signed the largest ever supply agreement with ACWA Power for **3.8 GW** of N-type Tiger Neo modules for two Saudi Arabian projects[21](index=21&type=chunk) - The board declared a cash dividend of **US$0.375** per ordinary share, equivalent to **US$1.50** per ADS[21](index=21&type=chunk) - Set a new world record for high-efficiency N-Type monocrystalline silicon solar cell with a maximum conversion efficiency of **26.89%**[22](index=22&type=chunk) [Financial Statements](index=8&type=section&id=Financial%20Statements) [Unaudited Condensed Consolidated Statements of Operations](index=8&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) The Q3 2023 unaudited condensed consolidated statement of operations shows total revenues of **RMB 31.83 billion** and net income attributable to shareholders of **RMB 1.32 billion** Statement of Operations Summary (RMB Thousand) | Line Item | Q3 2023 (RMB Thousand) | Q3 2022 (RMB Thousand) | | :--- | :--- | :--- | | **Total revenues** | 31,834,258 | 19,519,316 | | **Gross profit** | 6,133,211 | 3,071,667 | | **Income from operations** | 2,990,204 | 63,128 | | **Net income** | 2,324,576 | 797,633 | | **Net income attributable to shareholders** | 1,323,373 | 549,822 | [Unaudited Condensed Consolidated Balance Sheets](index=10&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) The unaudited consolidated balance sheet as of September 30, 2023, shows total assets of **RMB 127.35 billion**, total liabilities of **RMB 94.26 billion**, and total shareholders' equity of **RMB 33.09 billion** Balance Sheet Summary (RMB Thousand) | Account | Sep 30, 2023 (RMB Thousand) | Dec 31, 2022 (RMB Thousand) | | :--- | :--- | :--- | | **Total current assets** | 80,814,111 | 68,327,294 | | **Total assets** | 127,348,439 | 108,662,182 | | **Total current liabilities** | 73,325,829 | 64,936,186 | | **Total liabilities** | 94,258,027 | 81,658,289 | | **Total shareholders' equity** | 33,090,412 | 27,003,893 |

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Q2 2023 Earnings Conference Call August 14, 2023 8:30 AM ET Company Participants Stella Wang - Investor Relations Li Xiande - Chief Executive Officer Gener Miao - Chief Marketing Officer Pan Li - Chief Financial Officer Charlie Cao - Chief Financial Officer Conference Call Participants Rajiv Chaudhri - Sunsara Capital Alan Lau - Jefferies Operator Hello, ladies and gentlemen and thank you for standing by for JinkoSolar Holdings Co. Ltd. Second Quarter 2023 Earnings Co ...

Exhibit 99.2 JinkoSolar Announces Second Quarter 2023 Financial Results 08/14/2023 SHANGRAO, China, Aug. 14, 2023 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Business Highlights ● Leveraging our outstanding global supply chain management, high quality products and extensive ...