Jinkosolar expects covid-19 outbreak will lead to significant decrease in global demand

Jinkosolar announces first quarter 2020 financial results.sees q2 revenue $1.1 billion to $1.18 billion.q1 revenue rmb 8.48 billion.reaffirm 2020 full-year shipment guidance and capacity expansion plan despite a decrease in global demand.qtrly diluted earnings per ads were rmb2.67.qtrly non-gaap earnings per ads were rmb5.09.continue to arrange shipments of ppe to malaysian and u.s. production facilities.q1 earnings per share view $1.00, revenue view $1.03 billion -- refinitiv ibes data.as of march 31, 2020 co's inventories were rmb7.15 billion (us$1.01 billion), versus rmb5.82 billion as of dec 31, 2019.total solar module shipments in q1 were 3,411 mw.expects that covid-19 outbreak will lead to a significant decrease in global demand.q2 revenue view $1.24 billion -- refinitiv ibes data.for q2 of 2020, expects total solar module shipments to be in range of 4.2 gw to 4.5 gw.jinkosolar - expects annual mono wafer, solar cell and solar module production capacity to reach 20.0 gw, 11.0 gw and 25.0 gw, by end of 2020.
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