Jinko Solar Earns Highest AAA Bankability Rating

The manufacturer Jinko Solar reached the highest “AAA” category rating in the report of banking viability of the second quarter of PV Tech ModuleTech.

“As a leading solar module manufacturer, we are honored to be recognized by PV Tech as the most trusted solar energy brand among customers, investors and banks around the world,” he highlightedKangping Chen, CEO of Jinko Solar.

“This is a testament to our unwavering commitment to research, rigorous quality control and technological innovation. We will continue to raise the quality, reliability and long-term performance of our photovoltaic modules to create more value and returns for our shareholders,” he added.

In the announcement, the manufacturer said preliminary unaudited net profit attributable to shareholders is estimated at RMB 3,66 billion to RMB 4,06 billion, representing an increase of 304,38% to 348,58% year-on-year.

Also according to the manufacturer, the recognition highlights the company's exceptional performance in financial and manufacturing indicators, as well as its leadership in technology TOPCon type N.

Recently, Jinko Solar has made significant advancements in large-scale production of N-type TOPCon modules, achieving a mass production efficiency of 25,4%. 

The company expects the efficiency of mass-produced N-type cells to reach 25,8% and N-type cell capacity to represent more than 70% of its solar cell capacity by the end of 2023.

The manufacturer also reported that at the end of the first quarter of 2023, its accumulated shipments of N-type modules exceeded 16 GW.

And for this year, the manufacturer estimates that the proportion of N-type module shipments in its total module shipments should reach around 60%, as the company expects strong demand for high-efficiency products from a growing number of markets and customers.