JinkoSolar 2023 20-F: Assets $2.1B, Liabilities $1.1B
Ticker: JKS · Form: 20-F · Filed: 2024-04-25T00:00:00.000Z
Sentiment: neutral
Topics: annual-report, solar-energy, financials
TL;DR
JinkoSolar's 20-F shows $2.1B assets vs $1.1B liabilities for FY23. Solar giant's financials laid bare.
AI Summary
JinkoSolar Holding Co., Ltd. filed its 20-F annual report for the fiscal year ending December 31, 2023. The company, a major solar module manufacturer, reported total assets of $2.135 billion and total liabilities of $1.149 billion as of year-end 2023. The filing provides details on its financial performance, business operations, and risk factors relevant to its global solar energy business.
Why It Matters
This filing provides investors with a comprehensive overview of JinkoSolar's financial health and operational status for 2023, crucial for understanding its position in the competitive global solar market.
Risk Assessment
Risk Level: medium — The company operates in the volatile solar industry, facing risks related to supply chain disruptions, geopolitical factors, and fluctuating demand, as detailed in its 20-F.
Key Numbers
- $2.135B — Total Assets (As of December 31, 2023, indicating the company's total resources.)
- $1.149B — Total Liabilities (As of December 31, 2023, representing the company's total obligations.)
Key Players & Entities
- JinkoSolar Holding Co., Ltd. (company) — Filer of the 20-F report
- 2023-12-31 (date) — Fiscal year end for the reported period
- 20240425 (date) — Filing date of the 20-F
FAQ
What were JinkoSolar's total assets as of December 31, 2023?
JinkoSolar's total assets were $2,135,159,000 as of December 31, 2023.
What were JinkoSolar's total liabilities as of December 31, 2023?
JinkoSolar's total liabilities were $1,148,831,000 as of December 31, 2023.
When was this 20-F filing submitted to the SEC?
This 20-F filing was submitted to the SEC on April 25, 2024.
What is JinkoSolar's primary business as indicated by its SIC code?
JinkoSolar's primary business is in SEMICONDUCTORS & RELATED DEVICES, with SIC code 3674.
What is the fiscal year end date for the period covered by this report?
The fiscal year end date for the period covered by this report is December 31, 2023.
From the Filing
0001104659-24-051665.txt : 20240425 0001104659-24-051665.hdr.sgml : 20240425 20240425083821 ACCESSION NUMBER: 0001104659-24-051665 CONFORMED SUBMISSION TYPE: 20-F PUBLIC DOCUMENT COUNT: 180 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JinkoSolar Holding Co., Ltd. CENTRAL INDEX KEY: 0001481513 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 20-F SEC ACT: 1934 Act SEC FILE NUMBER: 001-34615 FILM NUMBER: 24873179 BUSINESS ADDRESS: STREET 1: 1 YINGBIN ROAD STREET 2: SHANGRAO ECONOMIC DEVELOPMENT ZONE CITY: JIANGXI PROVINCE STATE: F4 ZIP: 334100 BUSINESS PHONE: (86-793)858-8188 MAIL ADDRESS: STREET 1: 1 YINGBIN ROAD STREET 2: SHANGRAO ECONOMIC DEVELOPMENT ZONE CITY: JIANGXI PROVINCE STATE: F4 ZIP: 334100 20-F 1 jks-20231231x20f.htm FORM 20-F http://fasb.org/us-gaap/2023#RelatedPartyMember http://www.jinkosolar.com/20231231#OtherIncomeExpenseNet http://www.jinkosolar.com/20231231#OtherIncomeExpenseNet 0001481513 --12-31 2023 FY P6Y P6Y P5Y P5Y http://fasb.org/us-gaap/2023#RelatedPartyMember 2135159000 1148831000 2023-12-01 2023-10-23 http://www.jinkosolar.com/20231231#OtherIncomeExpenseNet P50Y P5Y P3Y P5Y P5Y P3Y P3Y P3Y P3Y P5Y P5Y P2Y P4Y P1Y P5Y P6Y P6Y P4Y 0.0066 0.30 P1Y P2Y false 0001481513 us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001481513 us-gaap:EmployeeStockOptionMember 2022-01-01 2022-12-31 0001481513 us-gaap:EmployeeStockOptionMember 2021-01-01 2021-12-31 0001481513 us-gaap:ConvertibleNotesPayableMember 2023-01-01 2023-12-31 0001481513 us-gaap:ConvertibleNotesPayableMember 2022-01-01 2022-12-31 0001481513 jks:OtherCommonStockMember 2023-01-01 2023-12-31 0001481513 jks:OtherCommonStockMember 2022-01-01 2022-12-31 0001481513 jks:AmericanDepositarySharesMember 2022-01-01 2022-12-31 0001481513 jks:OtherCommonStockMember 2021-01-01 2021-12-31 0001481513 jks:AmericanDepositarySharesMember 2021-01-01 2021-12-31 0001481513 jks:JiangxiJinkoMember 2023-09-01 2023-09-30 0001481513 jks:JiangxiJinkoMember jks:EquityIncentivePlan2022Member 2023-10-01 2023-12-31 0001481513 jks:ConvertibleNotes2024Member us-gaap:CallOptionMember jks:AmericanDepositarySharesMember 2019-05-17 2019-05-17 0001481513 jks:JiangxiJinkoMember 2023-10-01 2023-12-31 0001481513 us-gaap:RetainedEarningsUnappropriatedMember 2023-12-31 0001481513 us-gaap:NoncontrollingInterestMember 2023-12-31 0001481513 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001481513 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001481513 us-gaap:RetainedEarningsUnappropriatedMember 2022-12-31 0001481513 us-gaap:NoncontrollingInterestMember 2022-12-31 0001481513 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001481513 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001481513 us-gaap:RetainedEarningsUnappropriatedMember 2021-12-31 0001481513 us-gaap:NoncontrollingInterestMember 2021-12-31 0001481513 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001481513 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001481513 us-gaap:RetainedEarningsUnappropriatedMember 2020-12-31 0001481513 us-gaap:NoncontrollingInterestMember 2020-12-31 0001481513 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001481513 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001481513 jks:EuropeanEnergyStorageSolutionProductsMember 2022-01-01 2022-12-31 0001481513 jks:SolarModulesMember 2023-12-31 0001481513 jks:EuropeanEnergyStorageSolutionProductsMember 2023-12-31 0001481513 jks:SolarModulesMember 2022-12-31 0001481513 jks:EuropeanEnergyStorageSolutionProductsMember 2022-12-31 0001481513 jks:SolarModulesMember 2021-12-31 0001481513 jks:SolarModulesMember 2020-12-31 0001481513 us-gaap:TradeAccountsReceivableMember jks:LoanFourMember us-gaap:FinancialGuaranteeMember us-gaap:InventoriesMember 20