JinkoSolar : How To Succeed In a Brave New World
JinkoSolar, the world's largest solar module producer, logged a strong second quarter with soaring profit.
Overseas demand boom propelled JinkoSolar to quarterly shipment of 2,794MW in Q2, just below record level. Supported by its large scale operations, The company has maintained a stable gross margin despite the negative influence of China new policy. Gross profit climbed to US$ 110.0 million, in line with guidance provided by the company and representing a 11 per cent increase over the previous quarter. Net profit of Q2 has an increase of 2653% from Q1 and 109% increase from the same quarter a year earlier, as the benefits from strong global sales network, higher capacity utilization, and industry leading cost structure.JinkoSolar has also benefited from steady growth in demand for its new products and technologies such as Bifacial, half cut, smart modules with embedded micro converter that require with more additional features for tailored application scenario.
The growth in JinkoSolar’s cash flow and the stability in its margins, supported by its robust technology leadership and strong market position, will remain solid over the coming two to three years. In addition, the company continues its prudent financial policy and maintain a pristine financial profile. These characteristics will provide a high degree of financial flexibility that supports its further development.
Moving on to 2018 second half year and full year guidance, the company has good visibility of our order book for the entire year which is predominantly made up of overseas orders to markets which are growing rapidly and will generate significant opportunities ahead. Based on the current business outlook, the company is expected to deliver 6.7GW-7.2GW solar panel in the second half year, representing a 40% sequential increase. On a full year base, the total shipment will reach between 11.5GW – 12GW, increasing >17% YoY, which is very likely to make it secure No.1 position. Moreover, its gross margin and net income is expected to grow significantly in the coming quarters Q3 & Q4 as continual operational efficiency improvement, diversified customer base, highly competitive products and higher level of R&D activities
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