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explo

JinkoSolar (JKS)

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explo    671
6 hours ago, spinvestor said:

Just got an email back from Investor Relations:  

" The head of our Finance department said that we're expected to release our Q1 Earnings on May 26th. It should appear on our website under Investor Relations."

Thanks. That's good news. Hopefully they should announce the date any day now

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dydo    1,423

Looking at the average ASP it seems like $0.40 per watt.

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dydo    1,423

Income made on exchange essentially. Not putting a lot of good vibes for CSIQ tomorrow.

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explo    671
16 minutes ago, odyd said:

lower than JASO at 11.8%

Yes. Jinko's margin tends to repond to poly price changes quicker. Q1 had a poly price peak between lower prices in Q4 and so far in Q2. Jinko should get back ahead of JASO in Q2 again.

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explo    671
7 minutes ago, odyd said:

Income made on exchange essentially. Not putting a lot of good vibes for CSIQ tomorrow.

On subsidy actually.

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dydo    1,423

I see that cash is dramatically down. in two quarters, Jinko spent around $300M.  $224M added in accounts receivable

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dydo    1,423
3 minutes ago, explo said:

On subsidy actually.

Yes, sorry, eyes are not the same. LOL

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explo    671
11 minutes ago, odyd said:

Looking at the average ASP it seems like $0.40 per watt.

To cover 36 cents in cost of revenue, 3 cents selling expenses and 1 cents G&A and R&D. That leaves 0.5 cent in operating income. Good for them to have the 0.5 cent interest expense covered by the subside income to still end up with 0.5 cents per watt in net income.

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