For the nine months ended September 30,

2019

2020

RMB

Numerator:

Net income

531,623,920

697,923,426

Less: Net income attributable to non-controlling interests

(2,465,293)

(90,588,368)

Net income attributable to JinkoSolar’s ordinary shareholders

529,158,627

607,335,058

Dilutive effects of call option

—

(214,320,278)

Dilutive effects of convertible senior notes

4,791,666

—

Numerator for diluted income per share

533,950,293

393,014,780

Denominator:

Denominator for basic earnings per share - weighted average number of ordinary shares outstanding

166,612,951

178,150,798

Dilutive effects of share options

2,051,705

1,394,526

Dilutive effects of call option

—

(7,500,000)

Dilutive effects of convertible senior notes

8,919,270

Denominator for diluted calculation - weighted average number of ordinary shares outstanding

177,583,926

172,045,324

Basic earnings per share attributable to JinkoSolar’s ordinary shareholders

3.18

3.41

Diluted earnings per share attributable to JinkoSolar’s ordinary shareholders

3.01

2.28