JinkoSolar, the global leading PV and ESS supplier, recently has been distinguished in Fortune's Most Admired Chinese Companies list for its exceptional performance across key areas including management, talent attraction, product and service excellence, social responsibility, and global presence. Among over 40,000 companies, JinkoSolar's inclusion in the industry stars category highlights the company's significant "soft power" within the Chinese corporate landscape and its ongoing commitment to sustainable development and social responsibilities.
As a frontrunner in the integration of photovoltaic and energy storage technologies, JinkoSolar consistently enhances its technological innovation capabilities, prioritizes R&D investments, and safeguards patent rights. Its latest N-type TOPCon perovskite cell has achieved a research and development efficiency of 33.24%, breaking the world records for PV product efficiency and power for the 26th time. From 2021 to the first half of 2024, JinkoSolar has invested nearly 18 billion yuan in R&D. To date, JinkoSolar has filed nearly 4,200 patents, with over 2,800 granted, making it one of the companies in the PV industry with the largest number of patent applications and authorizations, including 462 industry-leading N-type TOPCon technology patents.
JinkoSolar's advanced technology has facilitated collaborations with major multinational corporations such as Japan's Marubeni and France's EDF on the development of the 1.2GW Abu Dhabi Phase I and the 2.1GW Phase II PV power station projects. Driven by JinkoSolar's high-efficiency PERC and N-type TOPCon module technologies, these projects set world records for the lowest feed-in tariff of 2.42 US cents/kWh and 1.32 US cents/kWh for the largest-scale PV power projects at the time.
Expanding its overseas market steadily, JinkoSolar has demonstrated significant achievements in global operations. In the first half of 2024, JinkoSolar's overseas capacity accounted for 20%, shipments 65%, and revenue contributions exceeded 70%. This year, JinkoSolar has also secured several international cooperation projects, including a $1 billion investment in a 10GW high-efficiency PV cell and module project in Saudi Arabia in partnership with PIF; and a successful signing of a supply agreement for approximately 3GW of N-type TOPCon PV modules for the Saudi PIF4 project with ACWA Power. These milestones underscore JinkoSolar's potential to lead the global PV market and enhance its global brand influence through sustained market leadership.
In corporate management, JinkoSolar is dedicated to integrating sustainable development principles into all aspects of its operations and incorporating ESG concepts into daily management and long-term strategic planning. As the first PV company to join the RE100 and EP100 green initiatives, JinkoSolar's ESG practices are increasingly at the industry's forefront. By the end of 2023, JinkoSolar successfully passed the Science Based Target initiative (SBTi) review, becoming the world's first PV group company to complete all (short-term, long-term, net-zero) SBTi target reviews. JinkoSolar is also the second company in mainland China and the third in the global semiconductor industry to complete all SBTi target reviews.
JinkoSolar places great emphasis on driving industry decarbonization through its operations. By the end of 2023, JinkoSolar had established its first internal zero-carbon factory industry chain and obtained TÜV Rheinland certification. Last year, the proportion of green electricity used in JinkoSolar's group operations exceeded 50%. In building a green supply chain, JinkoSolar has constructed the "CARE" supply chain ESG management system and applied it to emission reduction actions, extending to suppliers' greenhouse gas emission reduction actions. By the end of 2023, JinkoSolar had collected emission data from 73 suppliers, with 6 key categories of suppliers having conducted product life cycle assessments and 3 key categories of suppliers having completed emission reduction path planning.
Since its establishment, JinkoSolar has upheld the mission of "Changing the Energy Structure and Taking Responsibility for the Future," committed to creating a new energy ecosystem for global partners, aiding the green transition of global energy, and building a zero-carbon future together. Moving forward, JinkoSolar will continue to prioritize sustainable development as a key strategic goal, seeking green solutions to new scenarios in global sustainable development.
Legal Statement
Jinko Solar was listed on the STAR Board of the Shanghai Stock Exchange in 2022, and JinkoSolar Holding Co., Ltd., its indirect controlling shareholder, was listed on the New York Stock Exchange in 2010.
