Investor Presentaiton
Quarterly financial highlights
Revenue and module shipments
Gross profit and gross margin
Solar
Jinko
Building Your Trust in Solar
5,774
21.3% (2)
5,117
(2) 19.5%
18.2%
(1)
17.9%
16.6%
16.5%
17.0%
4,538
16.0%
4,469
3,411
3,326
3,386
1,444
1,369
(1)
1,292
3,037
1,198 1,196
1,007 1,047
868
248
(1)
234
231
223
214
220
167
144
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Revenue (US$mn)
Total module shipments (MW)
Operating profit and operating margin
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q42020
Gross profit (US$mn)
Gross margin
Non-GAAP net income and net margin
(1)
8.5%
8.6%
6.2%
6.2%
5.1%
4.0%
3.8%
(1)
104
89
85
35
39
4.5%
4.5%
4.0%
3.7%
2.9%
2.7%
0.6%
0.8%
0.4%
80
62
11
62
53
47
42
30
32
5
5
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Operating profit (US$mn)
Operating margin
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Non-GAAP net income (US$mn)
Net margin
Notes:
(1)
(2)
Excluding the disposition of overseas solar power plants, revenue were US$1,030 million, gross profit was US$203 million, gross margin was 19.7%, operating margin
was 7.1%
Including the reversal benefit of AD/CVD
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