Investor Presentaiton
Income statement summary
Solar
Jinko
Building Your Trust in Solar
Quarterly (US$mn)
Change by RMB
Q3 2022
Q2 2023
Q3 2023
QoQ change
YoY change
Total shipments
10,856 MW
18,613 MW
22,597 MW
21.4%
108.2%
Total module shipments
10,286 M W
17,763 M W
21,384M W
20.4%
107.9%
Revenue
Gross profit
2,744
4,231
4,363
3.7%
63.1%
432
660
841
28.2
99.7%
Gross margin
15.7%
15.6%
19.3%
3.7pct
3.6pct
Adjusted Net Income (1)
60
197
185
(5.6)%
215.1%
Adjusted Net (loss) margin
2.2%
4.6%
4.2%
(0.4)pct
2.0pct
GAAP net income (loss)
77
180
181
1.3%
140.7%
GAAP net (loss)margin
2.8%
4.3%
4.2%
(0.1)pct
1.4pct
Notes: Unaudited quarterly financials. YoY and QoQ changes calculated on the RMB basis.
(1)
Excluding the impact from (i) a change in fair value of the Notes; (ii) a change in fair value of long-term investment and (iii) the share based compensation expenses.
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