JinkoSolar(US:JKS)2022-04-29 16:12Financial Performance - Total revenues were US$2.33 billion, down 9.9% QoQ, and up 85.9% YoY[8] - Gross profit was US$351.2 million, down 15.8% QoQ and up 63.9% YoY[8] - Net income was US$4.6 million, compared with net income of US$37.6 million in Q4 2021 and net loss of US$33.7 million in Q1 2021[8] Shipments - Quarterly shipments were 8,390 MW (8,031 MW for solar modules, 359 MW for cells and wafers), total shipments down 13.4% QoQ, and up 56.7% YoY[8] - Total module shipments were 8,031 MW, down 11.0% QoQ, and up 76.0% YoY[28] - The company expects total shipments to be in the range of 8.5 GW to 9.5 GW for Q2 2022[8] and 35.0GW to 40.0GW for full year 2022[32] Capacity and Technology - The company became the first in the industry to reach the delivery milestone of a total 100GW of solar modules[11,19] - High-efficiency N-Type monocrystalline silicon solar cell sets new world record with maximum conversion efficiency of 25.7%[11] - 16GW N-type cells capacity in Hefei and Jianshan production facilities ramped up smoothly, with cells mass production efficiency exceeding 24.6%[11] - Capacity for mono wafer, cell and module to reach 55GW, 55GW (32.9GW for N-type cells) and 60GW, by the end of 2022[22]