PVTIME - At 9:30 am today, Jinko Power Technology
became the first company to sound the gong at the Shanghai Stock Exchange since
the coronavirus outbreak. Jinko Power Technology Chairman, Li Xiande, and four
other guests rang the gong together announcing China’s largest private power
station operator’s official listing on the Main Board of the Shanghai Stock
Technology raised 2.5 billion yuan through the issuing of 594.5922 million
shares at 4.37 yuan/share. The funds will be used to supplement the construction
of distributed rooftop photovoltaic power generation projects, the development
of “Front Runner” projects, and the repayment of bank loans.
to the recently announced PVBL2019 PV Brand Rankings, Jinko Power is fourth
among all power station investors and second among all private enterprises. Its
sister company JinkoSolar ranks first among module manufacturers and is one of
the few leaders in terms of industrial integration.
operating income generated from Jinko Power’s PV power station operations and
EPC business from 2016-2018 and the first 3 quarters of 2019 were 1.858 billion
yuan, 4.053 billion yuan, 7.006 billion yuan, and 3.437 billion yuan
respectively. From 2016-2018, Jinko Power’s compound growth rate was 95%. At
the same time, for the same period, net income attributable to shareholders of the
parent company were 97 million yuan, 672 million yuan, 902 million yuan, and
498 million yuan, respectively. With a compound growth rate of 204.9% from
2016-2018, the profit growth momentum is quite evident.