Investing.com
Published Oct 28, 2022 07:32AM ET
Updated Oct 28, 2022 07:44AM ET
JinkoSolar (JKS) reported Q3 EPS of $0.90, $0.19 better than the analyst estimate of $0.71. Revenue for the quarter came in at $2.74 billion versus the consensus estimate of $2.6 billion.
Operations and Business Outlook Highlights:
With continuous investments in R&D and technological innovation, we expect to continuously improve the mass production efficiency of N-type cells and narrow the integrated cost difference between N-type and P-type modules.
With more N-type production capacity being released in 2023 and the penetration ratio of N-type products increasing across the industry, we expect the proportion of N-type shipments in our total shipments to further increase.
Fourth Quarter and Full Year 2022 Guidance
The Company's business outlook is based on management's current views and estimates with respect to market conditions, production capacity, the Company's order book and the global economic environment. This outlook is subject to uncertainty on final customer demand and sale schedules. Management's views and estimates are subject to change without notice.
For the fourth quarter of 2022, the Company expects its module shipments to be in the range of 13.0 GW to 15.0 GW.
For full year 2022, the Company estimates its module shipments to be in the range of 41.5 GW to 43.5 GW.
Solar Products Production Capacity
JinkoSolar expects its annual production capacity for mono wafer, solar cell and solar module to reach 65.0 GW, 55.0 GW and 70.0 GW, respectively, by the end of 2022.
Recent Business Developments
Written By: Investing.com
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