JinkoSolar Holding Co., Ltd. is one of the largest and most innovative solar module manufacturers globally. Founded in 2006, the company has established a strong presence in the solar industry, recognized for its commitment to technological innovation and high-quality solar products.
Key Achievements and Market Position
AAA Rating: JinkoSolar has consistently topped the PV Tech ModuleTech Bankability Report, earning a “AAA” rating, which highlights its leadership in manufacturing excellence, reliable quality, and strong financial performance.
Market Share: As of 2023, JinkoSolar held approximately 15% of the global solar module market, making it the largest manufacturer by shipment volume, with total module shipments exceeding 210 GW.
Financial Performance: In 2023, JinkoSolar reported total revenue of RMB 118.68 billion, a 43.55% increase year-over-year, and a net profit attributable to shareholders of RMB 7.44 billion, reflecting a 153.2% increase year-over-year.
Technological Innovations
N-type Technology: JinkoSolar is a leader in N-type solar technology, particularly with its Tiger Neo modules, which utilize advanced N-type monocrystalline solar cells. This technology allows for higher efficiency and better performance in low-light conditions.
Record Efficiency: The company has achieved significant milestones in solar cell efficiency, including a record conversion efficiency of 33.24% for its N-type TOPCon based perovskite tandem solar cells and an average mass production efficiency of 26.1% for N-type TOPCon cells.
Patents: JinkoSolar holds 330 patents related to TOPCon technology, underscoring its commitment to innovation in the photovoltaic sector.
Product Offerings
Tiger Neo Series: The Tiger Neo N-type solar panels are designed for high performance and efficiency, featuring a half-cut cell design that improves energy output and reduces losses. The JKM585N-72HL4-V model, for example, has a power output of 585W and is optimized for various installation conditions.
Global Distribution: JinkoSolar distributes its products to a wide range of markets, including the United States, Europe, Asia, and Africa, with a strong focus on utility-scale, commercial, and residential applications.
Future Outlook
Growth Projections: JinkoSolar anticipates a growth rate of 25% to 30% in global photovoltaic demand for 2024, with expectations to ship between 100 GW to 110 GW of solar modules throughout the year.
Strategic Initiatives: The company is focusing on optimizing its supply chain and production processes to manage costs effectively while addressing market challenges such as oversupply and pricing pressures.