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.View entire presentation