JinkoSolar Forecasts 2020 Deliveries Growth at Over 35 Percent

PVTIME – JinkoSolar, the world's largest solar module producer, said last Friday that
its deliveries for 2020 will grow more than 35 percent from a year earlier in 2019. In its latest earnings results, it showed shipments, revenue and gross profit for Q4 2019, were 4,538 MW, US$1.37 billion,
and US$248.5mn
respectively, the highest quarterly level in the company's history.

For 2019, JinkoSolar said, the company benefited from
ramping up wafer capacity, improving cost structure, and stable ASP. It hit a record full-year shipments of 14.3GW, up 25.6%
YoY, with revenues of US$4.27bn for 2019, up 18.8%
YoY. The gross margin climbed from 14.0% to

It is expected JinkoSolar's advanced TR process, the
technology applied in its latest model Tiger 475Wp which has begun mass production, will continue to make a big contribution to
the company's sales after the success of its Cheetah. In addition, JinkoSolar
is scheduled to launch a pilot production of the more powerful and
sophisticated process beyond 500Wp later this

Due to increasing uncertainty caused
by COVID-19, the global solar PV industry is estimated to see a
mitigation and some drops in 2020, but JinkoSolar is expected to perform better
and surpass the growth of the entire industry supported by strong backlogs.