EN 
PT_BR 
Photovoltaic panel manufacturer Jinko Solar announced this Wednesday (26) that its main operating subsidiary, Jiangxi Jinko, has completed its IPO process (initial public offering) and began trading on the Sci-Tech Innovation Board of the Shanghai Stock Exchange (SSE, code: 688223).
In total, 2 million shares were issued, representing approximately 20% of the total 10 million shares outstanding after the IPO.
The shares were issued at a public offering price of RMB 5 (approximately R$ 4.30) per share and the total gross proceeds of the IPO are approximately RMB 10.00 billion (approximately R$ 8.6 billion).
After the IPO, Jinko Solar holds approximately 58.62% of Jiangxi Jinko. On the first day of trading, Jiangxi Jinko shares closed at RMB 10.55 per share, an increase of 111.00% from the IPO price.
“We are grateful for this opportunity and are very excited to have reached this milestone so efficiently. We must first give credit to the diligent work and efforts of our team. As we continue to scale and grow, having access to capital will increase our competitiveness as we leverage our network and resources accumulated over the years to strengthen our leadership position in the global photovoltaic industry. Looking to the future, we are confident in achieving continued growth and committed to creating sustainable value for all our shareholders, both in China and around the world,” said Xiande Li, Chairman of the Board of Directors and CEO of JinkoSolar.
Jinko Solar currently distributes its solar products to a diverse international, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Brazil and other countries and regions. The manufacturer has an integrated annual capacity of 31 GW for mono wafers, 19 GW for solar cells and 36 GW for solar modules. The company has nine production facilities globally and 22 subsidiaries abroad.
