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Jinko Solar

Company Profile Analysis

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Jinko Solar - Energy & Power showcase

Year Founded & Workforce

2006

12,500 Employees

Industry

Energy & Power

Services

EagleEagle Passivated Emitter Rear Contact (PERC)Eagle DualEagle PlusEagle MCT
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Jinko Solar Employee Contacts

3 verified contactsNames, job titles, seniority and locations

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Jinko Solar Overview

Headquarters: Shangrao, China

Founded: 2006

Workforce: More than 12,500

Company Working: Jinko Solar operates from 18 countries in 5 continents, 6 production plants in 4 countries and 21 warehouses in 9 countries, with 33 sales offices catering to the requirements of customers in more than 80 countries. It had a vertically integrated solar product value chain, with an integrated annual capacity of 8.0 GW for silicon ingots and wafers, 5.0GW for solar cells, and 8.0 GW for solar modules, as of March 31, 2017. It had about 15,000 full-time workers, worldwide, with more than 19 GW cumulative shipments of solar panels until 2017 and was ranked one of the top companies for global shipment of solar modules in 2016 (6.65 GW). It is the first Chinese PV manufacturer whose modules have passed the intensive UV test in terms of IEC61345 from TUV Rheinland, which is the major international standard of the industry.

Jinko Solar offers a wide range of products such as solar cells, solar module, and mounting system. Its solar panels are mainly of monocrystalline and polycrystalline structure. These solar panels are as per global specifications and conventional standards with linear performance warranty.

Strategy

The company sees focuses on new product development through efficient operational management and continuous technological innovation. Jinko Solar strives to raise its value for shareholders, providing them attractive long-term returns. For instance, on September 2, 2015, JinkoSolar (U.S.) INC. subsidiary of JinkoSolar Holding Co., Ltd. formed an agreement with Ygrene Energy Fund, Inc. (“Ygrene”), to integrate Jinko Solar’s high-quality solar modules into Ygrene’s PACE (property assessed clean energy) financing program, YgreneWorksTM for residential and commercial PV systems in US. Jinko Solar intends to increase its market share through diversification and expansion. It has been working on offering the best solar products and services in the market, constantly improving and innovating. The company continues to leverage its fully integrated production chain and seek opportunities in emerging markets to elevate its brand, globally .

Company Snapshot

$3,106.4M

Revenue

12,500

Employees

2006

Founded

SWOT Analysis

Strengths

  • Top player in solar module shipment
  • Strong global presence
  • Wide range of products
  • Strong investment in R&D

Weaknesses

  • High dependability on solar power products sales
  • Growth and profitability depend on the demand for and the prices of solar power products
  • Highly reliable on third-party suppliers

Opportunities

  • Focus on expanding in Europe and emerging markets
  • Focus on reducing manufacturing cost
  • Initiate development, construction and operation of solar power projects outside China

Threats

  • Oversupply of solar modules cause substantial downward pressure on the prices of solar products
  • Other global players
  • Delays or denial of approvals, permits or licenses by government authorities
  • Highly competitive & quickly evolving market

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Key Developments

DateApproachDevelopment
March 2020Product DevelopmentJinko Solar Holding Co. Ltd announced the launch of a new n-type solar panel. The panels have a power output of 405 W and have been designed specifically for the residential sector. The development is expected to boost the company’s market share in the global off-grid solar market
March 2020ExpansionJinko Solar Holding Co. Ltd signed a distribution agreement with Aldo Solar (Brazil). The development is expected to boost further the sales of the company in Brazil and the rest of South America.

Product Offering

  • Jinko Solar
    • Eagle
    • Eagle Passivated Emitter Rear Contact (PERC)
    • Eagle Dual
    • Eagle Plus
    • Eagle MCT
    • Eagle (PERC) Plus
    • 1500V Module
    • Smart Module
    • Solar Module

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: 2016 was USD 3,106.4 Mn in 2019.
Jinko Solar — By Business Segment
Series (USD Mn)2019
20163,106.4
20174,182.2
20183,742.4
20194,195.2

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