JinkoSolar(JKS) - 2023 Q3 - Earnings Call Presentation

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]