#1Solar Jinko Building Your Trust in Solar JINKOSOLAR HOLDING CO., LTD. Q4 2020 EARNINGS CALL PRESENTATION APRIL 09, 2021#2Disclaimer Solar Jinko Building Your Trust in Solar This presentation does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of JinkoSolar Holding Co., Ltd. (the "Company") in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. The information herein has been prepared by the Company solely for use in this presentation. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the Company or any of its affiliates, advisors or representatives will be liable (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided. Participants agree further not to photograph, copy or otherwise reproduce these materials in any form or pass on these materials to any other person for any purpose, during the presentation or while in the conference room. Participants must return this presentation and all others materials provided in connection herewith to the Company at the completion of the presentation. This presentation may contain forward-looking statements and management may make additional forward-looking statements in response to your questions. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future,” “intends,” “plans,” “believes," "estimates," "confident” and similar statements. Statements that are not historical facts, including statements concerning our beliefs, forecasts, estimates and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that our results of operations may fluctuate from period to period; the risk of PRC governmental policy changes; the risk that we face intense competition from other solar companies; the risk that PRC economic, political and social conditions as well as government policies can affect our business and other risks outlined in our public filings with the Securities and Exchange Commission, including our registration statement on Form F-1, as amended. The forward-looking statements made in this presentation relate only to events or information as of the date on which the statements are made in this presentation. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.#3Q4 2020 financial highlights Solar Jinko Building Your Trust in Solar Quarterly shipments were 5,774MW, up 27.2% YoY Total revenues were US$1.44bn, down 1.1% YoY Gross profit (1) was US$230.9mn, down 12.9% YoY Gross margin of 16.0%, compared with 17.0% in Q3 2020 and 18.2% in Q4 2019 Quarterly EBITDA of US$100.0mn, down 43.0% YoY Income from operations (1) of US$11.0mn, down 88.0% YoY Non-GAAP net income (2) of US$5.1mn, down 92.3% YoY Net loss of US$57.8mn, due to US$65.5mn loss of change in fair value of convertible senior notes and call option, given the sharp rise in stock price for the fourth quarter Cash and short-term restricted cash of US$1,240mn as of Q4 2020 vs US$943.3mn as of Q3 2020 2021 Q1 guidance: module shipments of 4.5GW to 5.0GW, revenue of US$1.18bn to US$1.30bn and gross margin of 12% to 15% Notes: YoY and QoQ changes calculated on the RMB basis. (1) (2) Including the reversal benefit of anti-dumping (AD) and countervailing duty (CVD) Attributable to ordinary shareholders.#4FY2020 financial highlights Notes: (1) (2) (3) Solar Jinko Building Your Trust in Solar Record full-year shipments of 18.8GW, up 31.4% YoY Record full-year revenues of US$5.38bn for 2020, up 18.1% YoY Record full-year gross profit (1) of US$945.8mn for 2020, up 13.6% YoY Gross margin of 17.6% for 2020 compared with 18.3% for 2019 Record full-year EBITDA of US$463.5mn for 2020, up 20.6% YoY Record full-year income from operations (1) of US$273.6mn, up 3.2% YoY Full-year non-GAAP net income (2) of US$146.9mn, down 1.2% YoY Net debt (3) of US$1,561.5mn as of end 2020, compared to US$1,030.9mn as of end 2019 Net debt / EBITDA of 3.4x as of end 2020, compared to 2.7x as of end 2019 Full-year 2021 shipments guidance of 25.0-30.0 GW(including wafer, cell and module) YoY changes calculated on the RMB basis. Including the reversal benefit of anti-dumping (AD) and countervailing duty (CVD) Attributable to ordinary shareholders. Net debt calculated as total debt minus cash and short-term restricted cash. Short-term debt includes short-term borrowings, financing and operating lease liabilities and bond payable. Long-term debt includes long-term borrowings, convertible senior notes and financing and operating lease liabilities. 3#5Business highlights 1 Solar Jinko Building Your Trust in Solar Despite extreme challenges, we experienced significant growth in both revenues and shipments for the full year compared with 2019. 2 3 4 5 6 As of the end of 2020, JinkoSolar became the world's largest PV manufacturer, with aggregate module of 70GW. We expect shipments to sustain a growth rate of over 30% in 2021. Unrelenting volatility in the industrial value chain underscored the resilience to risk of integrated manufacturers. We adjusted each link of the production process smoothly and flexibly. Our new generation Tiger Pro flagship products will account for 40% to 50% of the total shipments this year, with cumulative orders of over 10 GW. JinkoSolar is leveraging our capacity for technical innovation and our brand reputation built on years of global marketing and excellent service, in order to continue expanding successfully and develop new business models. Uncertainty has had the effect of consolidating the market, with heightened competition among key players. In response we have been optimizing supply chain management throughout the network and partners on an ongoing basis. 4#6Solar Industry consolidation continues to strengthen and Jinko highlights key competitiveness for top enterprise Building Your Trust in Solar Optimized supply chain management enhances risk resistance, while technical and brand advantages build 1 Market share of JKS continues to improve 14% 12% long-term barriers 3 Technology excellence of JKS 13% Market share of JKS N-type solar module laboratory conversion efficiency reached a record high of 23.01% 11% Mass production efficiency of N-type TOPCon cells reached 24.0%+ Maximum laboratory efficiency of N-type monocrystalline silicon solar cell to reach 25.5% 10% 9% 39% 44% 65%-70% 8% 2018 2019 2020 Market share of the top 5 module manufactures 2020.7 2020.8 2021.1 1-2 year target N-type TOPCon cell laboratory conversion efficiency reached a record high of 24.9% Maximum laboratory efficiency of multi- junction solar cell to reach 29% 2 Optimized supply chain management A supply-demand mismatch and volatile short-term market sentiment drove up the price of polysilicon Under market volatility and economic uncertainties, highly adaptive companies gain more market share. Solar Jinko ☐ Signed long-term agreements to secure steady supply of core materials Built symbiotic partnerships along upstream and downstream Maintained flexible tracking and storage of alternative technologies and materials Source: Company information and BNEF. 4 Brand advantage of JKS We won the "Overall High Achievers" award in the 2020 Photovoltaic Module Index Report (PVMI) published by RETC. Ranked as Top Solar Brand used in Debt Financed Projects and Most "Bankable" PV Manufacturer by Bloomberg New Energy Finance. 100% of the BNEF survey respondents considered the Company as highly bankable. ☐ As of the end of 2020, accumulated module shipments reached 70GW, making JinkoSolar the world's largest PV manufacturer. Shipments is expected to sustain a growth rate of over 30% in 2021. 5#7Robust global solar demand - the solar train is going faster now Solar Jinko Building Your Trust in Solar Policy support from major economies underpins strong future demand Sep 2020 President Xi Jinping announced new emissions goals on the 75th United Nations General Assembly China targets to reach carbon emissions peak before 2030 and to achieve carbon neutrality before 2060 Oct 2020 The Communist Party of China released its proposal for formulating China's 14th Five-Year Plan (2021- 2025) Renewable energy listed among the strategic emerging industries for the next five years Green and low-carbon economic development reiterated. Infrastructure for renewable energy to be further improved Global solar demand 2020-2023 (1) (GW) r We remain optimistic about global installation levels in 2021 New installation in China is expected | to reach 55-65 GW in 2021, and to reach 70-90 GW during the "14th Five- Year Plan" period annually 210 192 185 140 Dec 2020 The EU's 27 member agreed to raise the carbon reduction targets from 40 % to 55% by 2030 According to 2030 Climate Target Plan, the carbon reduction target will increase to 80-95 % by 2050 Nov 2020 Joe Biden declared the winner in the 59th presidential election. Biden's platform involves major commitments to climate change, including ■ To spend a massive US$2 trillion over 4 years to promote carbon neutral by 2050 To expand and/or extend federal tax credits for clean energy To entirely decarbonize the US carbon sector by 2035 2020A 2021E 2022E 2023E I Many countries have laid out stronger solar deployment plans. I Stronger global solar build is I expected in the next few years | Source: Bloomberg New Energy Finance ("BNEF") and broker reports. Notes: (1) (2) As per the average of optimistic and conservative forecasts from Q1 2021 Global PV Market Outlook by BNEF. According 2020 PV Industry Development and "14th Five-Year Plan" Prospects by CPIA 6#8Solar Integrated capacity which supports high efficiency Jinko products has increased steadily Mono products on track to account for nearly 100% of module shipments Shipment breakdown by technology Building Your Trust in Solar (GW) High efficiency mono 74% 2019A: 14.3 GW Multi 26% Multi 2% 2020A: 18.8 GW 2021E: High efficiency 25.0 - 30.0 GW mono 98% Steady growth in integrated production capacity (2) 22.0 16.0 (1) 11.5 10.6 2019A ■Mono wafer Notes: (1) Include 800 MW of N-type cell in 2019A / 2020A/2021E (2) Multi wafer capacity of 3.5GW / 3.5 GW as of end 2019A/2020A. (1) 11.0 30%+YoY High efficiency mono -100% c.50% of modules shipments are Tiger Pro series Integration level to reach 75%+ 37.0 33.0 31.0 (1) 27.0 2020A ■PERC cell 2021E ■Module 7#9Ultra high efficiency modules are leading the industry to rapidly move towards grid parity 2020 flagship product – Tiger Pro Series continue to innovate - New Tiger Pro modules for the distribution market Suitable for installation in high snow/wind load areas More user-friendly module size &weight design for rooftop installation, manual handling, and transportation Offers the industry's outstanding 15-year product warranty and 25- year linear warranty Applied to a wide variety of distributed scenarios I New module is based on the Tiger Pro 182mm, 54-cell design that delivers a Solar Jinko Building Your Trust in Solar "PV+" diversified scenarios to enhance customer value BIPV China's first distributed solar soft rooftop project was completed in cooperation with the Schneider Group. The world's first photovoltaic carport project using Jinko's high-efficiency BIPV products has been connected to the grid in China maximum power of 415W and an ultra-high efficiency of 21.3%. Shipments of large size product gradually improve Swan Series Tiger Series N-type Series 2021E: 25.0-30.0 GW PV energy storage We have developed diversified solutions for our residential, C&l and utility customers in our eight major markets around the world We have shipped our energy storage products to the Middle East and Africa Tiger Pro Series c.50% of total shipments expected to be Tiger Pro series Source: Company information. SUNTAN We will launch products specifically designed for the U.S. and Japanese markets in the second half of 2021. 8#10Quarterly financial highlights Revenue and module shipments Gross profit and gross margin Solar Jinko Building Your Trust in Solar 5,774 21.3% (2) 5,117 (2) 19.5% 18.2% (1) 17.9% 16.6% 16.5% 17.0% 4,538 16.0% 4,469 3,411 3,326 3,386 1,444 1,369 (1) 1,292 3,037 1,198 1,196 1,007 1,047 868 248 (1) 234 231 223 214 220 167 144 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Revenue (US$mn) Total module shipments (MW) Operating profit and operating margin Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q42020 Gross profit (US$mn) Gross margin Non-GAAP net income and net margin (1) 8.5% 8.6% 6.2% 6.2% 5.1% 4.0% 3.8% (1) 104 89 85 35 39 4.5% 4.5% 4.0% 3.7% 2.9% 2.7% 0.6% 0.8% 0.4% 80 62 11 62 53 47 42 30 32 5 5 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Operating profit (US$mn) Operating margin Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Non-GAAP net income (US$mn) Net margin Notes: (1) (2) Excluding the disposition of overseas solar power plants, revenue were US$1,030 million, gross profit was US$203 million, gross margin was 19.7%, operating margin was 7.1% Including the reversal benefit of AD/CVD 9#11Annual financial highlights Revenue and module shipments 4,273 3,642 14.3 11.4 5,384 18.8 Gross profit and gross margin Solar Jinko Building Your Trust in Solar 946 780 (1) 18.3% (1) 17.6% 460 511 14.0% 11.3% 2019 2020 2017 2018 2019 2020 Total module shipments (GW) Gross margin Gross profit (US$mn) 2018 Revenue (US$mn) Operating profit and operating margin 5.8% 5.1% 274 2.6% 248 94 Non-GAAP net income and net margin 3.3% 2.7% 1.7% 0.8% 63 32 139 147 2018 2019 2020 2017 2018 2019 Operating profit (US$mn) Operating margin Non-GAAP net income (US$mn) 2020 Net margin Notes: (1) Including the reversal benefit of AD/CVD 10#12Income statement summary Quarterly (US$mn) Change by RMB Annually (US$mn) Solar Jinko Building Your Trust in Solar Change by RMB Q4 2019A Q3 2020 Q4 2020 QoQ change YoY change FY2019A FY2020A YoY change 1.0% 27.2% 14.3 GW 18.8GW 31.4% Total module shipments 4,538 MW 5,517MW 5,774MW Revenue 1,369 1,292 1,444 7.5% (1.1)% 4,273 5,384 18.1% Gross profit 248 220 231 0.8% (12.9)% 780 946 13.6% Gross margin 18.2%(1) 17.0% 16.0%(1) (1.0)pct (2.2)pct 18.3% 17.6% (0.7)pct EBITDA 161 144 100 (33.6)% (43.0)% 376 464 20.6% EBITDA margin 11.70% 11.2% 6.9% (4.3)pct (4.8)pct 8.8% 8.6% (0.2)pct Operating income 85 80 11 (86.9)% (88.0)% 248 274 3.2% Operating margin 6.2% 6.2% 0.8% (5.4)pct (5.4)pct 5.8% 5.1% (0.7)pct Non-GAAP net income (2) 62 47 5.1 (89.6)% (92.3)% 139 147 (1.2)% Non-GAAP net margin 4.5% 3.7% 0.4% (3.4)pct (4.1)pct 3.3% 2.7% (0.6)pct Net debt / LTM EBITDA (3) 2.7x 2.7x 3.9X 2.7x 3.4X (1) Notes: Unaudited quarterly financials. YoY and QoQ changes calculated on the RMB basis. Including the reversal benefit of AD/CVD (2) Attributable to the Company's ordinary shareholders. (3) Please refer to the next slide for the calculation of net debt. 11#13Balance sheet summary Solar Jinko Building Your Trust in Solar (US$mn) Q4 2019A Q3 2020 Q4 2020 Cash and restricted cash (1) 895 943 1,240 Accounts and notes receivable 1,054 1,143 924 Inventories Net PPE Total assets 836 1,137 1,284 1,466 1,726 1,909 6,872 7,366 8,158 Total debt 1,926 2,535 2,802 Short-term debt (2) 1,343 1,714 1,593 Long-term debt (3) 583 821 1,209 Net debt (4) Total liabilities 1,031 1,592 1,562 5,085 5,553 6,167 Total shareholders' equity 1,336 Notes: Unaudited quarterly financials. (1) Including short-term restricted cash only. (2) (3) (4) Short-term debt includes short-term borrowings, financing and operating lease liabilities and bond payable. Long-term debt includes long-term borrowings, convertible senior notes and financing and operating lease liabilities. Total debt minus cash and short-term restricted cash. 1,454 1,531 12#14Operating and financial guidance Total shipments Revenue Solar Jinko Building Your Trust in Solar 2020A Q1 2021E FY2021E 18.8GW 4.5GW-5.0GW 25.0GW-30.0GW US$5.38bn US$1.18bn-US$1.30bn N/A Gross margin 17.6% 12%-15% N/A Notes: Unaudited quarterly financials. 13#15Solar Jinko Building Your Trust in Solar www.jinkosolar.com Solar Jinko Building Your Trust in Solar