SHANGHAI, Sept. 9, 2016 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar"), a global leader in the solar PV industry, on August 25 announced its unaudited financial results for the second quarter ended June 30, 2016. Total solar module shipments reached 1,716 megawatts ("MW") for the second quarter, allowing the PV manufacturer to maintain global leadership in terms of shipments. Total revenues were 5.96 billion yuan (US$903 million), up 86.1 per cent year on year. For the full year 2016, the company estimates total solar module shipments between 6GW to 6.5GW, possibly becoming the world's largest solar module maker.
JinkoSolar attributes its global leadership to continuous R&D of advanced technologies as well as a constant and unwavering emphasis on innovation in technology and the maintenance of high quality. In April 2015, the company announced that it had achieved a maximum output of 334.5W for a 60-cell polycrystalline module, breaking all world records for this type of performance. Through the integration of new technologies around silicon wafers, cells and modules, including PERC-based monocrystalline cell technology, application of a unique approach to maximizing the optical efficiency of the components as well as reducing power loss in the PV arrays, the company's R&D team succeeded in pushing the maximum output to 343.9W for a 60-cell monocrystalline module, setting an additional new record and helping the company become a leader in terms of maximum output for both monocrystalline and polycrystalline modules.
In addition, the company's long-term strategy of balanced global expansion rather than heavy dependence on a single market has resulted in balanced growth across seven business areas worldwide. Chen Kangping, JinkoSolar's CEO, commented:"We saw steady improvements in the number of customers, order mix and order volume in the Japanese market during the first half of this year. We have been awarded large order volumes for the second half of this year and we expect strong growth in Japan, Latin America and India. The geographical distribution of our shipments will continue to become more balanced."
JinkoSolar is optimistic in terms of future development. The government of the UAE announced in June that the cost of electricity from solar power was averaging 2.99 cents a kilowatt hour, the lowest electricity generation cost recorded to date worldwide and almost one-third cheaper than the cost of generating electricity from coal. These numbers demonstrate that the cost of electricity from solar power has become cheaper than generated the same from thermal power in more than one market and that solar has become the cheapest source from which to produce power. As the world's largest player in the business of solar power, JinkoSolar is committed to providing customers with high-quality solar energy products as well as cheap and clean PV-based electricity and to helping solar energy replace traditional energy sources.
