JinkoSolar Holding Co., Ltd. ("JinkoSolar") (JKS), one of the largest and most innovative solar module manufacturers in the world, announced that its principal operating subsidiary, Jinko Solar Co., Ltd. ("Jiangxi Jinko"), announced certain preliminary unaudited financial results for the full year 2022.
For 2022, (i) the preliminary unaudited revenues of Jiangxi Jinko under PRC GAAP were RMB83.08 billion, (ii) the preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko was RMB2.95 billion, and (iii) the preliminary unaudited net income attributable to the shareholders of Jiangxi Jinko excluding extraordinary gains and losses was RMB2.65 billion.
The preliminary unaudited financial results of Jiangxi Jinko for 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.
The Jiangxi Jinko Preliminary Unaudited Financial Results described in this press release are unaudited and are subject to change upon the completion of its full year 2022 audit process. These preliminary unaudited financial results should not be viewed as a substitute for full financial statements of Jiangxi Jinko prepared in accordance with PRC GAAP.
JinkoSolar currently owns approximately 58.62% equity interest in Jiangxi Jinko.
