Chinese manufacturer JinkoSolar’s PV module shipments in 2018 increased 16%, year-on-year, to reach 11.4 GW — making it the top global supplier for the third consecutive year, with a dominant market share of 12.8%. Income from operations and net income increased 98.2% and 186.9% over 2017.
JinkoSolar began mass production of its flagship Cheetah series last year, which mainly accounted for the increased profitability. It stepped up production capacity of high-end mono products with mainstream power range of up to 380W. Still, its supply lagged behind the market demand.
As for 2019, the advancement of highly efficient Cheetah will still be a focus for JinkoSolar, and is expected to further drive the sales and revenue.
JinkoSolar serves a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries.
As of September 30, 2018, the company had a vertically integrated solar product value chain, with an integrated annual capacity of 9.2 GW for silicon wafers, 6.5 GW for solar cells, and 10 GW for solar modules. It has 6 production facilities globally.