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Investor Presentaiton

Income 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
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