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JinkoSolar Q2 total revenues increased 37.2%

JinkoSolar
JinkoSolar   Gross margin was 10.5%

JinkoSolar Holding announced its unaudited financial results for the second quarter ended June 30, 2017.


Total revenues were RMB7.92 billion ($1.17 billion), an increase of 37.2% from the first quarter of 2017 and an increase of 39.8% from the second quarter of 2016.

Gross margin was 10.5%, compared with 11.2% in the first quarter of 2017 and 18.1% in the second quarter of 2016.

Income from operations was RMB85.3 million ($12.6 million), compared with RMB56.8 million in the first quarter of 2017 and RMB308.8 million in the second quarter of 2016.

Net income attributable to the company's ordinary shareholders from continuing operations was RMB47.4 million ($7.0 million) in the second quarter of 2017, compared with RMB60.6 million in the first quarter of 2017 and RMB280.1 million in the second quarter of 2016.

Diluted earnings per American depositary share ("ADS") from continuing operations were RMB1.48 ($0.20).

Non-GAAP net income attributable to the company's ordinary shareholders from continuing operations in the second quarter of 2017 was RMB61.2 million ($9.0 million), compared with RMB80.4 million in the first quarter of 2017 and RMB344.1 million in the second quarter of 2016.

Non-GAAP basic and diluted earnings per ADS from continuing operations were RMB1.92 ($0.28) and RMB1.88 ($0.28), respectively, in the second quarter of 2017.

 

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