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Investor Presentaiton

Q4 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.
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