JinkoSolar Ranks No.1 in Japanese Market

JinkoSolar continues to take lead position in the Japanese market with 1.1GW sales.
Benjamin WangApr 02,2021,20:41

Market research agency PVeye released a 2020 report on the Japanese module shipments market. Statistics show that JinkoSolar Holding Co., Ltd. (NYSE: JKS) continues to occupy the leading position in the Japanese market with 1.1GW sales.

(Source: PVeye )

According to the analysts, despite the project delay due to the impact of the Covid-19 epidemic in 2020, the overall installed capacity was not as expected, but the performance of each component manufacturer was still strong in this period. Jinko maintains No. 1 position in shipments.

Canadian Solar (Nasdaq: CSIQ) and Hanwha have already achieved a certain market share in the residential solar power generation market. JA Solar and Trina have strengthened their efforts in the industrial and commercial distributed self-use market.

In February, Jinko announced a potential partnership with Tongwei Co., Ltd. The solar module manufacturers said the two parties will jointly invest in a high-purity crystalline silicon project with an annual capacity of 45,000 metric tons and a silicon wafer project with an annual production capacity of 15GW, as well as develop a more extensive industrial chain cooperation.

JinkoSolar reported that its revenue in the third quarter reached $1.29 billion, up 17.2% year-over-year. Net income in the three months through September hit $1 million, or 23 cents per share, down 98.1% from the same period in 2019.

Shares of JinkoSolar closed up 2% Thursday, at $42.55 apiece.

On Friday, markets are closed in observance of Good Friday.

Topics:JinkoSolar; Japan Market