JinkoSolar Achieves 600 MW Integrated Capacity and 546 MW 2011 Supply Contract Backlog

SHANGHAI, Dec. 10, 2010 /PRNewswire via COMTEX/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing vertically integrated solar product manufacturer with low-cost operations based in China, announced today that the Company has increased its in-house annual solar cell and solar module production capacities to approximately 600 MW each, ahead of schedule in order to meet the demand for JinkoSolar's products. To date, the Company has secured solar module supply contracts, including downpayments, totaling 546 MW for 2011, mainly from leading global solar companies. ? Mr. Xiande Li, Chairman of the Board of Directors at JinkoSolar, commented, "We've ramped up our capacities just ahead of schedule and in line with our year-end integrated capacity target of 600 MW each for silicon wafers, solar cells and solar modules. This strengthens our vertical integration, which enables us to lower our average cost through economies of scale and improve product efficiencies through better control over the production process. In particular, vertical integration provides better control over non-silicon cost across the value chain, as compared to solar companies focused on one or two particular segments of the value chain, allowing us to continue delivering meaningful gross margins during market volatility. Increasing our capacity, both in terms of volume and integration, positions us well as we look to capitalize on the demand for our high-quality solar modules and expand our 2011 contracts beyond the 546 MW we have already secured."