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You are here: Home » News » JinkoSolar will land on the innovation board, and the competition of well-known photovoltaic brands is intensifying

JinkoSolar will land on the innovation board, and the competition of well-known photovoltaic brands is intensifying

Views: 14     Author: Site Editor     Publish Time: 2022-03-04      Origin: Site

JinkoSolar will land on the innovation board, and the competition of well-known photovoltaic brands is intensifying

Recently, JinkoSolar, a leading photovoltaic module company, received IPO approval, and the countdown to listing has entered. As the only company in the industry that has ranked first in global PV module shipments for four consecutive years, JinkoSolar's strength has long been recognized by the industry. If it was said that the switch to the single crystal route and the global layout made it sit on the top spot in the industry, now, the leading technology of TOPCon may help JinkoSolar to write new glory again.

In recent years, under the background of N-type battery technology becoming the general trend and entering large-scale development, TOPCon technology is expected to become the most important technical route in N-type batteries due to its advantages in cost and technology transformation. As far as JinkoSolar itself is concerned, its N-type TOPCon technology has overcome the technical barriers, yield barriers and cost barriers introduced by the production line, and has reached the conditions for mass production.

JinkoSolar was established in 2006. In 2010, its indirect controlling shareholder, JinkoSolar Holdings, was listed on the New York Stock Exchange. Over the years, JinkoSolar has not only gone through multiple cycles, but also changed from a follower to a global leader.

In 2016, JinkoSolar successfully defeated its competitors in the same industry and became the world's largest module manufacturer. In the following four years, it has achieved the first place in the global PV module shipments, and only it has done so. Today, JinkoSolar still maintains a growth rate that exceeds the industry.

As of the end of the first half of 2021, JinkoSolar's cumulative module shipments exceeded 80GW. The prospectus shows that over the past decade or so, JinkoSolar’s module shipments have grown at an average compound annual growth rate of about 53%, much higher than the growth rate of global PV installations. Operating performance has also continued to rise. From 2018 to 2020, the company's revenue scale was 24.509 billion yuan, 29.490 billion yuan, and 33.660 billion yuan, with a compound annual growth rate of 17.19%.

JinkoSolar's achievements are inseparable from its original forward-looking layout. For example, JinkoSolar has taken the lead in seizing development opportunities in the recent round of technological innovations such as monocrystalline replacement of polycrystalline and PERC cells.

2016 is the "climax year" of the battle between single and polycrystalline. Driven by continuous feeding and diamond wire cutting technology, monocrystalline continues to erode the market share of polycrystalline. At a time when most traditional multi-crystalline manufacturers such as Trina Solar still choose to wait and see, this year, JinkoSolar quickly switched to mono-crystalline and PERC technology. In addition to the rotation of technical lines, Jinko's globalization strategy has also consolidated its leading position.

Afterwards, after China's photovoltaics suffered from the "double-reverse" setbacks in Europe and the United States, most Chinese photovoltaic companies chose to focus their development on domestic demand, while JinkoSolar chose to continue to develop new markets for global layout and quickly seize overseas markets. channel and market share.

Today, JinkoSolar products are serving more than 3,000 customers in more than 160 countries around the world, with more than 25,000 employees worldwide, and a solid global leader in photovoltaic modules.

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