444 Million Yuan! Jinko Solar and J.S. Corrugating Machinery Ink for PV Equipment

PVTIME – J.S. Corrugating Machinery Co., Ltd. (000821.SZ), a Chinese solar equipment manufacturer, announced that its wholly-owned subsidiary Suzhou Shengcheng Solar Equipment Co. (Shengcheng Solar), Ltd. will supply solar product manufacturing equipment to subsidiaries of Jinko Solar.

The equipment order, which includes automatic assembly lines and related machinery, is valued at 444 million yuan (including tax), accounting for 9.11% of J.S. Corrugating Machinery’s audited operating revenue for FY2022 and 13.57% of Shengcheng Solar’s audited operating revenue for FY2022.

As a supplier of photovoltaic module equipment, J.S. Corrugating Machinery has grown rapidly. And its subsidiary Shengcheng Solar has grown its revenue at a high rate for six consecutive years with a CAGR of 42%, working with leading PV companies such as Tongwei Solar, GCL, Chint, LG, Sunpower, Mission and others.

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