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Presentation of Jinko SolarOne of the biggest integrated PV manufacturers in the world!3T + 3S + 3P = Green TomorrowQQ [email protected]
Citation preview
MAY 2011
2
Table of Contents
Jinko Solar Introduction
Our Business: Ingots, Wafers, Cells, Modules
R&D and Quality Control
Our Certification and Warranty
Our Marketing Strategy
Partners & Project References
Marketing Activities
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Our Milestone
2006 Jinko Solar Co., Ltd. established
2007 Launching ingot manufacturing
Jun,2009 Acquiring Sun Valley (cell& module manufacturer)
Sept,2009 Operating the 1st fully automated PV module NPC production line in China
May,2010 Successful IPO and listed in NYSE
Sep,2010 US Office in San Francisco
Jan,2011 Italy Office in Bologna
Mar, 2011 Reaching 1 GW capacity
Apr,2010 German Office in Munich
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SUCCESSFUL LISTED IN NYSE on May 13rd 2010
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• 1.5 GW module capacity in 2011 • Established in 2006 and listed in NYSE on May,2010 (NYSE Code: JKS)• About 670,000 m2 manufacturing area• 10,000 employees worldwide• Global network covering Europe, North America& Asia
Jinko Profile
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Jiangxi Production Base
Zhejiang Production Base
Low cost, ample labor resources Strong support from the government Lower cost electricity than most facilities in China Sufficient land reserves for future production expansion Access to convenient transportation system
Located in Shangrao Established in 2006
Sufficient human resources supply for experienced workers and R&D talents with competitive cost advantage
Strong government support– Preferential price for land – Awards for investment in production equipment – Financial assistance for outside recruited talents
Located in Haining Acquired in June 2009
Ingot, Wafer, Module
Cells
Shanghai Sales &Marketing Center
Zhejiang Production Base
Jiangxi Production Base
Strategic Location
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Quarterly Financial Highlights
$85.5
$19.0
$35.7
$72.0$76.3
26.9%
26.2%23.7%
33.5%
28.5%
1Q 10 2Q 10 Q3 10 4Q 10 1Q 11
Gross Profit (US$ mln) Gross Margin
$14.2$22.2
$56.7$55.0 $64.0
17.7% 16.7%
26.4% 20.5% 19.6%
1Q 10 2Q 10 Q3 10 4Q 10 1Q 11Operating Profit (US$ mln)
Total Revenues and Total Shipments Gross Profit and Gross Margin
Operating Profit and Operating Margin Net Income, Net Margin and Diluted EPS
$80.4
$132.8
$215.0
$267.7
$326.7
83.099.9
134.8
162.6
208.4
1Q 10 2Q 10 3Q 10 4Q 10 1Q 11Revenues (US$ mln) Total Shipments (MW)
$10.8
$26.6 $38.8$55.8 $51.4
13.4% 20.1% 18.0%20.8% 15.7%$0.12
$0.35 $0.44 $0.59 $0.53
1Q 10 2Q 10 Q3 10 4Q 10 1Q 11Net Income Net Margin Diluted EPS
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Our Factories
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Wafer Production Facilities
In 2006, Jinko Solar has successfully launched its wafer manufacturing facilities
1.5 GW capacity in 2011
Jinko Solar has imported the world’s leading silicon processing facilities covering:
1) Ingot Casting (GTSolar)2) Cutting & Slicing (NTC Komatsu)
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Module Production Facilities
In 2009, Jinko Solar has launched its module production with a total capacity of 150 MW
1.5 GW capacity in 2011
Jinko Solar module lines consist of:1) Fully-automated module assembling (NPC)2) ABB Robotics 3) Flash testing (Berger) 4)100% EL test before and after lamination
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Cell Production Facilities
In June 2009, Jinko Solar has successfully acquired Sun Valley, a solar cell and module manufacturer
1.5 GW capacity in 2011
Jinko Solar introduced Jonas Redmann System in line with a variety of cell technologies.
1) Texturing & Acid Etching (Rena) 2) Diffusing (Tempress), 3) PECVD (Roth& Rau,Tempress) 4) Screen Printing (Baccini)
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Manufacturing Quality Control System
Product traceability control• Tracking card with unique barcodes tracing
from module back to ingot. • Data to be kept for at least 10 years.
EMS- Electronic Management System• 16 in-line quality control points in module workshop• Precise data-recording & supervision for all the
manufacturing QC points
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3 patents granted 4 pending patent applications
Research & Development
Prominent R&D Team driving significant conversion efficiency improvements
43 R&D personnel
Efficiency Roadmap by the end of 2011:Cell efficiency > 18.5% for mono-cells
Cell efficiency > 17.0% for multi-cells
Cooperation with Nanchang University, Fudan University for production optimization
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Jinko Module
Top Quality: Fully automated PV production plant & strict TQC Recognized by MCS, CSA, CE, TÜV Rheinland, UL & VDE
Competitive Cost : Vertically-integrated manufacturing Economies of scale
Intellectual Property: Patents ownership Partnership with leading universities
Wide Product Portfolio Wide power range Withstand extreme conditions & mechanical loading test of 5400 Pa
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JKM-200M-72 JKM250M-60 JKM265M-96 JKM290P-72 JKM245P-60
Jinko Module
(1)
Note: (1) :also listed in CEC: http://www.gosolarcalifornia.org/equipment/pv_modules.php
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Jinko Module Black Series
JKM-200M-72 JKM250M-60 JKM265M-96 JKM290P-72 JKM245P-60
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Jinko Warranty
25-year 80% power output warranty
12-year 90% power output warranty
5-year material & workmanship warranty
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Our Certification
UL-CANADA UL-USA
VDE
TÜV IEC 61215TÜV IEC 61730
CE ISO14001:2004 ISO9001:2008MCS
CSA
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Global Sales & Marketing network covering main PV markets
Local teams and subsidiaries in Europe, US and Asia
Market Diversification
Channel management: choosing strong downstream partners
Focus on Jinko Solar Brand
Social Responsibility
Sales & Marketing Strategy
Presence in more than 10 countries:Germany, Italy, Spain, France, Belgium, Holland, Greece, Czech Rep., USA, India, Australia, China…
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Global Network
Rotterdam Warehouse Jiangxi Manufacture Base
Global Sales & Marketing Center
German legal entity (Munich)
Zhejiang Manufacture Base
New Jersey office (USA)in progress
US legal entity (San Francisco) Bologna office (Italy)
Montpellier office (France)in progress
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Our Partners
Suppliers
EPC/Developers
Distributors
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Projects in ITALY
Ravenna, Italy
35 MW Ground-mounted Nov. 2010
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Projects in ITALY
Masseria Giorgini, Italy
7.7 MW Ground-mounted April. 2011
Suvereto, Italy
6 MW Ground-mounted April. 2011
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Projects in ITALY
Comune di Galatina, Italy
2.4 MW Ground-mounted May. 2011
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Caserta, Italy 1 MW Rooftop Apr 2011
Projects in ITALY
Novoli, Italy 1 MW Ground-mounted Nov.2010
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Projects in ITALY
Como, Italy
200 kW Rooftop Sept. 2010
Sicily, Italy
500 kW Ground-mounted Apr. 2010
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Leutkirch, Germany
1 MW Rooftop Sept. 2010
Schongau, Germany
800 kW Rooftop Sept. 2010
Projects in GERMANY
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Dresden, Germany
350 kW Rooftop Jun. 2010
Offenbach, Germany
250 kW Rooftop Dec. 2009
Projects in GERMANY
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Butzbach, Germany
250 kW Rooftop Dec. 2009
Ergolding, Germany
100 kW Rooftop Dec. 2009
Projects in GERMANY
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Projects in CZECH REPUBLIC
Hrusovany, Czech Republic
3.4 MW Ground-mounted Dec. 2010
Straz, Czech Republic
4.98 MW Rooftop Nov. 2010
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Projects in SPAIN
Tarazona, Spain
110 kW Rooftop Nov. 2010
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Projects in BELGIUM
Rotem, Belgium
1.2 MW Rooftop Nov. 2009
Antwerp, Belgium
4 MW Rooftop Dec. 2010
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Famenne, Belgium
100 kW Rooftop Nov. 2009
Projects in BELGIUM
Roeselare Belgium 812 kW Rooftop Nov. 2010
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Projects in SWITZERLAND
Lausanne, Switzerland Polytechnic University (EPFL)
660 kW Rooftop Oct. 2010
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Projects in USA
Minnesota, USA
150 kW Rooftop Aug. 2010
Connecticut, USA
120 kW Rooftop Jun. 2010
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Projects in USA
New York, USA
10 kW Rooftop Oct. 2010
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Projects in ISRAEL
Beit She’An, Israel
500 kW Rooftop Mar. 2009
Kfar Yehezkel, Israel
100 kW Rooftop May. 2010
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Projects in AUSTRALIA
New Castle, Australia
10 kW Rooftop Sept. 2010
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Brief of Attended Exhibitions in 2010
Solar Power International 2010(Oct 12-14,2010), Los Angeles, USA
EUPVSEC 2010(Sept 6-10,2010),Valencia, Spain
DIREC 2010(Oct 27-29,2010),New Delhi, India
PV TAIWAN 2010(Oct 27-29,2010),Taiwan
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List of Exhibitions 2010 ---Attended
Renewable Energy Exhibition 2010(Jun 16-19,2010),Paris, France
SOLAREXPO 2010(May 6-8,2010) Verona, Italy
Intersolar Europe 2010(Jun 9-11,2010), Munich, Germany
2010 Intersolar North America (Jul 13-15,2010) San Francisco, U.S.A.
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Media Coverage
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Upcoming Events in 2011
2011 World Future Energy Summit Abu Dhabi, UAE 2011-1-10
SNEC PV Power Expo 2011 Shanghai, China 2011-2-22
Ecobuild 2011 London, Britain 2011-3-1
PV America 2011 Philadelphia, USA 2011-4-3
SOLAREXPO 2011 Verona, Italy 2011-5-4
InterSolar Europe 2011 Munich, Germany 2011-6-8
InterSolar North America 2011 San Francisco, USA 2011-7-12
26th EU PVSEC 2011 Hamburg, Europe 2011-9-6
Renewable Energy India 2011 Expo New Delhi, India 2011-8-10
Solar Power International 2011 Los Angles, USA 2011-10-12
PV TECH 2011 Milan Milan, Italy 2011-11-17
Renewable Energy Exhibition 2011 Montpellier, France 2011-12-8
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Corporate Social Responsibility
A. Care for the Human Being and Environment
• ISO 14000• Recycling Policy in production• PV Cycle Member• Employees are the most important
assets of the company
B. Global Solidarity:
• Donations for Sichuan Earthquake in 2008
• Establishment of Jinko SolarPrimary School
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3T +3S+3P= Greener Tomorrow
Top Competitive Cost StructureVertically-integrated manufacturingIngots, Wafers, Cells and Modules
Top Quality ControlRigid quality supervision through 64 in-line processes12 years 90%/25 years 80% power output warranty (Eff.>=18%)
Trustworthy Customer ServiceLocalized presence: Offices in Munich, San Francisco and BolognaGrowing service coverage and quick response system
Strong Financial PlatformNYSE-listed “JKS”, well-capitalized: over 600 mil USDBankable with international banks both in Europe and USA
Steady Capacity GrowthEconomies of scale: 1.5 GW in 2011 along the chainContinuous optimization of value chain and yield improvement
Stable Product DeliveryGlobal distribution network and local warehouse: RotterdamReliability in contract execution
Our Values
People, Planet, Profit
www.jinkosolar.com
Notes: Information presented hereby is subject to change without further notice.