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Jinko Solar aims for 70 GW of module shipment in 2023

Jinko Solar made an announcement on March 10 to disclose the performance in 2022 and the shipment forecast in 2023 of their indirect controlling shareholder Jinko Solar Holding Co., Ltd.

Jinko Solar aims for 70 GW of module shipment in 2023
Jinko Solar aims for 70 GW of module shipment in 2023

According to the announcement, the total shipments of the shareholder in the fourth quarter of 2022 reached 16.802 GW (including 16.02 GW of modules, 782 MW of cells and wafers), up 54.8% month-on-month and 73.3% year-on-year. The operating revenue was RMB 30.41 billion (USD 4.41 billion), up 55.8% month-on-month and 85.5% year-on-year.

In 2022, the shipment volume of the company reached 46.580 GW (including 44.52 MW of modules, 2.06 MW of cells and wafers), up 84.5% year on year. The operating revenue reached RMB 83.53 billion (USD 12.11 billion), up 104.6%, mainly benefiting from the growth of solar module shipments.

According to their forecast, the expected module shipments in the first quarter of 2023 will be between 11-13 GW, and 60-70 GW for the whole year.

By the end of 2022, the average mass production efficiency of TOPcon cell has reached 25.1%, and the cost of N-type integration is basically the same as that of P-type. In the fourth quarter of 2022, the company shipped about 7 GW of N-type modules, reached the annual target of 10 GW, making it the first enterprise in the world to break such record in the industry.

Li Xiande, chairman and CEO of Jinko Solar, aims to bring the N-type mass production efficiency to 25.8% by the end of 2023, meanwhile, raise the capacity of monocrystalline silicon wafers, high-efficiency cells and modules to 75 GW, 75 GW and 90 GW respectively.

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