For the years ended December 31,

2018

2019

2020

RMB

Numerator:

Net income

405,575,533

924,352,495

335,255,274

Less: Net (loss)/income attributable to non-controlling interests

(903,161)

25,690,269

104,870,621

Net income attributable to JinkoSolar’s ordinary shareholders

406,478,694

898,662,226

230,384,653

Dilutive effects of call option

—

(91,066,662)

(462,751,547)

Numerator for diluted income per share

406,478,694

807,595,564

(232,366,894)

Denominator:

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

153,806,379

169,363,306

178,938,853

Dilutive effects of share options

897,786

1,909,930

—

Dilutive effects of call option

—

(4,705,479)

(7,500,000)

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

154,704,166

166,567,757

171,438,853

Basic earnings per share attributable to JinkoSolar’s ordinary shareholders

2.64

5.31

1.29

Diluted earnings per share attributable to JinkoSolar’s ordinary shareholders

2.63

4.85

(1.36)