Jinko Solar Forecasts Annual Results for 2021

PVTIME – On January 20, Jinko Solar Co., Ltd., a principal operating subsidiary of JinkoSolar Holding Co., Ltd. (NYSE: JKS), announced that its expected operating income in 2021 will be 36 billion to 38.5 billion yuan, it is expected to achieve a net profit of 830 million to 870 million yuan attributable to shareholders of the parent company, and its estimated net profit attributable to shareholders of the parent company after deduction is 350 million to 380 million yuan.

Jinko Solar will be listed on the Shanghai Stock Exchange’s Sci-Tech innovation board next week. It plans to issue 2,000,000,000.00 shares representing approximately 20% of the total 10,000,000,000.00 shares, involving nearly 168 million shares received by the issuer’s executives and employees. And sponsor China Securities Co., Ltd. placed 40 million shares with a 24-month lock-up period. It is estimated that Jinko Solar to raise more than 9 billion yuan, far exceeding the previously planned 6 billion yuan.