JinkoSolar, the global leading PV and ESS supplier, recently has once again secured the top spot in PV Tech's latest quarterly ModuleTech Bankability Ratings Report for Q3 2024, earning the highest "AAA" rating. This achievement not only underscores JinkoSolar's outstanding leadership in the PV industry but also serves as a strong testament to its comprehensive strengths in technological innovation, product quality, brand reputation, financial stability, and market performance.
According to JinkoSolar's financial report for the third quarter of 2024, the company has maintained a leading market share amidst a steady global demand for PV installations. From January to September 2024, JinkoSolar achieved a total shipment of 73.13GW of PV products, with module shipments accounting for 67.65GW. The N-type module shipments constituted approximately 85% of the total, representing a year-on-year growth of 31.29%. This accomplishment is attributed to the company's proactive advancement in technological innovation and global layout, as well as its superior product performance and extensive global sales channels.
JinkoSolar's continuous investment in R&D is particularly noteworthy, with a total R&D expenditure of 3.611 billion yuan in the first three quarters, accounting for 5.03% of its operating revenue. The company's latest Tiger Neo Generation 3 products not only demonstrate JinkoSolar's leadership in product power but also highlight its industry influence in technological innovation. The Tiger Neo Generation 3 PV modules, crafted on the HOT4.0 technology platform, boast a conversion efficiency of up to 24.8%, a bifacial rate of up to 85%, and a mainstream mass-produced power output that surpasses other market products by 40W, reaching a maximum of 670W. Furthermore, the product's optimized series resistance and superior performance under low-light conditions have garnered significant market attention.
In addition, JinkoSolar holds the highest number of patent applications and authorizations in the global PV industry, with nearly 4,200 patent applications and over 2,800 authorized patents. Among these, there are as many as 330 authorized N-type TOPCon patents, surpassing most industry brands. JinkoSolar's technological innovations have not only enhanced product efficiency but also pointed the way for the future direction of N-type technology upgrades in the PV industry. Looking ahead, JinkoSolar will continue to lead the development of the PV industry, providing customers with more efficient and reliable PV solutions, and contributing to the global transition to green energy.
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.