JinkoEnergy (688223.SH) released its 2023 annual results report. During the reporting period, the company achieved operating revenue...
Zhitong Finance App News, Jinko Energy (688223.SH) released its 2023 annual performance report. During the reporting period, the company achieved operating income of 118.682 billion yuan, an increase of 43.55%; net profit attributable to shareholders of listed companies was 7.44 billion yuan, an increase of 153.2% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 6.904 billion yuan, an increase of 152.09% year on year; basic earnings per share were 0.74 yuan. The company plans to distribute a cash dividend of RMB every 10 shares to all shareholders (excluding the company's repurchase account) 2.24 yuan (tax included).
During the reporting period, the company actively responded to fierce competition under industry cycle fluctuations and sent a total of 83.56 GW solar photovoltaic products worldwide, including 78.52 GW of PV modules. According to InfoLink Consulting data, the company ranked first in the industry in module shipments. Of the company's 2023 module shipments, Model N shipped 48.41 GW, accounting for about 62%. Thanks to the increase in component shipments and the increase in the share of advanced products, the company's revenue and operating performance increased significantly over the same period of the previous year, achieving operating income of 118.682 billion yuan, an increase of 43.55% over the previous year; achieving net profit attributable to shareholders of listed companies of 7.440 billion yuan, an increase of 153.20% over the same period last year.
The technology and mass production scale of the company's N-type products remained leading during the reporting period. By the end of 2023, the company had put into production more than 70 GW of high-efficiency N-type batteries, and shipped 48.41 GW of N-type modules throughout 2023, an increase of 352% over the previous year. At the same time, the company continued to make breakthroughs in R&D and mass production of high-efficiency N-type batteries. The highest R&D efficiency of N-type TopCon batteries reached 26.89%, and the highest R&D efficiency of perovskite laminated batteries based on N-type TopCon reached 32.33%. At the end of 2023, the average efficiency of mass production of N-type batteries exceeded 25.8%. The average efficiency of mass production in the first quarter of 2024 had exceeded 26%, and the power of N-type modules was about 30W higher than that of P-type products of the same version.
The company continues to build and improve an integrated production and sales network. By the end of 2023, the vertically integrated production capacity in the three core sectors of silicon wafers, batteries and modules reached 85 GW, 90 GW, and 110 GW respectively. The integrated production capacity support rate reached more than 85%, and the profitability advantage of cost control casting continued to maintain the leading level in the industry.