Investor Presentaiton
FY2020 financial highlights
Notes:
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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.
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