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JinkoSolar Q1 revenues $867.5 million

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Christian Fernsby ▼ | June 28, 2019
JinkoSolar
JinkoSolar   JinkoSolar gross margin was 16.6%, compared with 14.7%

JinkoSolar announced its unaudited financial results for the first quarter ended March 31, 2019.

JinkoSolar total revenues were RMB 5.82 billion (US$867.5 million), a decrease of 24.6% from the fourth quarter of 2018 and an increase of 27.5% from the first quarter of 2018.

JinkoSolar gross margin was 16.6%, compared with 14.7% in the fourth quarter of 2018, and 14.4% in the first quarter of 2018.

JinkoSolar income from operations was RMB235.7 million (US$35.1 million), compared with RMB237.4 million in the fourth quarter of 2018 and RMB125.0 million in the first quarter of 2018.

JinkoSolar net income attributable to the JinkoSolar's ordinary shareholders was RMB40.2 million (US$6.0 million) in the first quarter of 2019, compared with RMB114.8 million in the fourth quarter of 2018 and RMB3.6 million in the first quarter of 2018.

JinkoSolar diluted earnings per American depositary share ("ADS") were RMB1.016 (US$0.152) in the first quarter of 2019.

JinkoSolar non-GAAP net income attributable to the JinkoSolar's ordinary shareholders in the first quarter of 2019 was RMB33.3 million (US$5.0 million), compared with RMB111.8 million in the fourth quarter of 2018 and RMB11.0 million in the first quarter of 2018.

JinkoSolar non-GAAP basic and diluted earnings per ADS were RMB0.848 (US$0.128) and RMB0.840 (US$0.124) in the first quarter of 2019, compared with RMB2.852 and RMB2.852 in the fourth quarter of 2018 and RMB0.300 and RMB0.296 in the first quarter of 2018, respectively.


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