Jinkosolar holding co., ltd. reports unaudited consolidated earnings results for the third quarter and nine months ended september 30, 2019; reports operating results for the third quarter of 2019; provides financial and operating guidance for the fourth quarter of 2019 and provides operating guidance for the full year of 2019 and 2020
Jinkosolar holding co., ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended september 30, 2019. for the quarter, the company reported total revenues of rmb 7,481,756,000 against rmb 6,694,815,000 for the same period a year ago. income from operations was rmb 638,791,000 against rmb 188,022,000 for the same period a year ago. net income was rmb 367,693,000 against rmb 188,673,000 for the same period a year ago. basic net income attributable to the company’s ordinary shareholders per share was rmb 2.062 against rmb 1.210 for the same period a year ago. diluted net income attributable to the company’s ordinary shareholders per share was rmb 1.166 against rmb 1.210 for the same period a year ago. basic net income attributable to the company’s ordinary per ads was rmb 8.248 against rmb 4.840 for the same period a year ago. diluted net income attributable to the company’s ordinary per ads was rmb 4.664 against rmb 4.840 for the same period a year ago. for the nine months, the company reported total revenues of rmb 20,216,830,000 against rmb 17,322,282,000 for the same period a year ago. income from operations was rmb 1,134,824,000 against rmb 407,564,000 for the same period a year ago. net income was rmb 531,624,000 against rmb 291,475,000 for the same period a year ago. basic net income attributable to the company’s ordinary shareholders per share was rmb 3.176 against rmb 1.910 for the same period a year ago. diluted net income attributable to the company’s ordinary shareholders per share was rmb 3.007 against rmb 1.900 for the same period a year ago. basic net income attributable to the company’s ordinary per ads was rmb 12.704 against rmb 7.640 for the same period a year ago. diluted net income attributable to the company’s ordinary per ads was rmb 12.028 against rmb 7.600 for the same period a year ago. for the quarter, the company reported total solar module shipments were 3,326 megawatts (mw), a decrease of 1.8% from 3,386 mw in the second quarter of 2019 and an increase of 12.6% from 2,953 mw in the third quarter of 2018. for the fourth quarter of 2019, the company does not expect the benefit of anti-dumping ("add") and countervailing duty ("cvd") and expects total solar module shipments to be in the range of 4.2 gw to 4.4 gw. total revenue for the fourth quarter is expected to be in the range of usd 11.7 billion to usd 12.3 billion. for the full year 2019, the company estimates total solar module shipments to be in the range of 14.0 gw to 14.2 gw. total solar module shipments for the full year of 2020 would be in the range of 18.0 gw to 20.0 gw.
