PVTIME – On April 22, JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced certain preliminary unaudited financial results for the three months ended March 31, 2022.
For the three months ended March 31, 2022, (i) the preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko is estimated to be in the range from RMB 380.0 million to RMB 420.0 million, increasing by from RMB 138.9 million to RMB 178.9 million sequentially and by from 57.63% to 74.22% year over year, and (ii) the preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko excluding extraordinary gains and losses is estimated to be in the range from RMB 280.0 million to RMB 320.0 million, increasing by from RMB 202.5 million to RMB 242.5 million sequentially and by from 261.46% to 313.09% year over year.
The preliminary unaudited financial results of Jiangxi Jinko for the three months ended March 31, 2022 described in this press release (the “Jiangxi Jinko Preliminary Unaudited Financial Results”) are different from JinkoSolar’s consolidated financial results (the “Consolidated Financials”), mainly because (i) the consolidation scope of the Jiangxi Jinko Preliminary Unaudited Financial Results differs from that of the Consolidated Financials: the Jiangxi Jinko Preliminary Unaudited Financial Results are prepared solely for Jiangxi Jinko, whereas the Consolidated Financials also include financial statements of JinkoSolar and its other subsidiaries, and (ii) the Jiangxi Jinko Preliminary Unaudited Financial Results and the Consolidated Financials are prepared according to different accounting standards and principles: the Jiangxi Jinko Preliminary Unaudited Financial Results are prepared in accordance with PRC GAAP, whereas the Consolidated Financials are prepared in accordance with accounting principles generally accepted in the United States of America. As such, investors of JinkoSolar should exercise caution when reviewing the Jiangxi Jinko Preliminary Unaudited Financial Results described in this press release and are advised not to base their investment decisions solely on such preliminary unaudited financial results.
JinkoSolar currently owns approximately 58.62% equity interest in Jiangxi Jinko.
 (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, announced certain preliminary…){kind=link}