Thanks to its pioneering smart manufacturing, JinkoSolar’s state-of-the-art facilities adapt to a variety of advanced technology processes and therefore meet the prerequisites for customized service. As a result of being number 1 in every sense, the Company hit the industry record high in 2018, according to its financial report released on March 22nd.
For 2018, on a consolidated basis across its business, Jinkosolar posted a total shipment of 11.4GW 2018 — a 16.8 percent YoY increase, the fast yearly growth above the average level worldwide, marking the third consecutive year at the top position.
The solar industry sees increasing demand for higher performance and efficiency from modules which drive the company’s expansion of high end mono product supply to catch up with robust demand. Driven by increased demand for premium mono products such as the company’s new flagship cheetah series, Jinkosolar re-arranged its product portfolio by adding more 380Watt and up mono models, which contributed a lot to its profit growth. Income from operations and net income of 2018 achieved an increase of 98.2 % and 186.9% over 2017.
As a result of capacity shifting towards high end products including Cheetah and Swan, the supply gap is expected to be bridged. The Company has a robust pipeline of quality orders in 2019, in spite of uncertainty in the Chinese market.
