JinkoSolar's Q1 Miss Offset By Strong Outlook, Shares Rally As Shipments Surge
JinkoSolar's Q1 Miss Offset By Strong Outlook, Shares Rally As Shipments Surge
JinkoSolar Holding Co Ltd (NYSE:JKS) shares are trading higher after the Shanghai, China-based company reported first-quarter fiscal 2024 results.
晶科能源控股有限公司（紐約證券交易所代碼：JKS）股價走高，此前這家總部位於中國上海的公司公佈了2024財年第一季度業績。
JKS's Q1 revenue decreased 1.2% year-over-year to $3.19 billion, missing the consensus of $3.25 billion.
JKS第一季度的收入同比下降1.2％，至31.9億美元，未達到32.5億美元的共識。
Quarterly shipments increased 51.2% Y/Y to 21,907 MW (19,993 MW for solar modules and 1,914 MW for cells and wafers).
季度出貨量同比增長51.2％，達到21,907兆瓦（太陽能組件爲19,993兆瓦，電池和晶片爲1,914兆瓦）。
Gross margin for the quarter stood at 11.9%, compared to 17.3% in Q1 2023, reflecting decreases in the average selling price of solar modules.
該季度的毛利率爲11.9％，而2023年第一季度爲17.3％，這反映了太陽能組件平均銷售價格的下降。
Loss from operations was RMB339.6 million ($47.0 million), compared to RMB1.21 billion income from operations in the first quarter of 2023.
運營虧損爲人民幣3.396億元（合4,700萬美元），而2023年第一季度的運營收入爲人民幣12.1億元。
JinkoSolar Adjusted net income was RMB 470.3 million ($65.1 million), compared to RMB 836.4 million a year ago. Earnings per ADS was RMB 11.28 ($1.56) basic and RMB 5.36 ($0.74) diluted.
晶科能源調整後的淨收入爲4.703億元人民幣（合6,510萬美元），而去年同期爲8.364億元人民幣。每股廣告的基本收益爲人民幣11.28元（1.56美元），攤薄後爲人民幣5.36元（0.74美元）。
As of March 31, JinkoSolar held $2.44 billion in cash, equivalents, and inventories were $2.79 billion.
截至3月31日，晶科能源持有24.4億美元的現金及等價物，庫存爲27.9億美元。
Leveraging N-type technology, a broad operation network, and advanced capacity, module shipments grew 53.3% year-over-year to 19.99 GW.
利用N型技術、廣泛的運營網絡和先進的產能，組件出貨量同比增長53.3％，達到19.99吉瓦。
N-type modules comprised nearly 80% of these shipments, with about 50% going to North America. Order book visibility for 2024 currently exceeds 70%.
N型模塊佔這些出貨量的近80％，其中約50％運往北美。目前，2024年的訂單簿可見度超過70％。
The company stated that the newly added installations in China reached 45.7 GW (+35.9% Y/Y). Module exports totaled 61.7 GW (+20% Y/Y).
該公司表示，中國新增的裝機量達到45.7吉瓦（同比增長35.9％）。模塊出口總量爲61.7吉瓦（同比增長20％）。
JKS is optimistic about increasing global demand for N-type technology and plans to maintain leadership by improving technology, production capabilities, and cost efficiency. By the end of 2024, they aim for N-type cell efficiency at 26.5% and expect these modules to constitute nearly 90% of their shipments due to high demand.
JKS對全球對N型技術的需求增加持樂觀態度，並計劃通過提高技術、生產能力和成本效率來保持領先地位。到2024年底，他們的目標是將N型電池效率提高到26.5％，由於需求旺盛，預計這些組件將佔其出貨量的近90％。
The company is limiting capacity expansion in 2024, focusing on advanced N-type capacity, including 28 GW at their Shanxi, China plant.
該公司限制了2024年的產能擴張，重點是先進的N型產能，包括其中國山西工廠的28吉瓦。
Outlook: The Shanghai, China-based company expects its second-quarter module shipments to be around 24.0 GW and 26.0 GW.
展望：這家總部位於中國上海的公司預計，其第二季度的組件出貨量約爲24.0吉瓦和26.0吉瓦。
The company expects FY24 module shipments of 100.0 GW to 110.0 GW. JinkoSolar expects its annual production capacity for mono wafers, solar cells, and solar modules to reach 120.0 GW, 110.0 GW, and 130.0 GW by the end of 2024.
該公司預計，24財年的組件出貨量爲100.0吉瓦至110.0吉瓦。晶科能源預計，到2024年底，其單晶片、太陽能電池和太陽能組件的年產能將達到120.0吉瓦、110.0吉瓦和130.0吉瓦。
Price Action: JKS shares are trading higher by 3.56% at $25.00 premarket at the last check Monday.
價格走勢：週一最後一次支票時，JKS股票盤前交易價格上漲3.56％，至25.00美元。
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