XML 87 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS
Dec. 31, 2012
USD ($)
Dec. 31, 2012
CNY
Dec. 31, 2011
CNY
Current assets:      
Cash and cash equivalents $ 44,803,457 279,130,015 433,850,961
Restricted cash 22,593,660 140,760,763 146,175,458
Short-term investments 115,963,037 722,461,319 494,215,034
Accounts receivable, net-related parties 16,938,953 105,531,368 31,010,170
Accounts receivable, net-third parties 274,904,932 1,712,685,219 1,600,206,864
Notes receivable 228,531 1,423,773 17,279,630
Advances to suppliers, net-third parties 10,200,958 63,552,991 208,104,089
Inventories 84,743,805 527,962,378 798,075,329
Forward contract receivables 2,075,434 12,930,159 64,954,682
Other receivables-related parties 937,446 5,840,380 [1] 691,242 [1]
Prepayments and other current assets 66,344,167 413,330,793 813,910,281
Total current assets 639,734,380 3,985,609,158 4,608,473,740
Non-current assets:      
Restricted cash 2,375,564 14,800,000   
Project assets 86,096,708 536,391,099 272,504,672
Investments in affiliates 5,647,375 35,183,709   
Property, plant and equipment, net 534,481,415 3,329,872,661 3,568,294,300
Land use rights, net 58,706,797 365,749,215 368,042,926
Intangible assets, net 1,023,033 6,373,598 3,656,392
Advances to suppliers to be utilized beyond one year       209,630,940
Capped call options 2,589,237 16,131,208 16,408,445
Other assets 13,195,562 82,209,673 129,387,926
Total assets 1,343,850,071 8,372,320,321 9,176,399,341
Current liabilities:      
Accounts payable-a related party 4,822,594 30,045,245 [2] 35,887,845 [2]
Accounts payable-third parties 216,260,888 1,347,326,958 340,998,588
Notes payable 184,449,128 1,149,136,512 909,830,626
Accrued payroll and welfare expenses 33,133,510 206,425,079 176,647,819
Advances from third party customers 19,426,841 121,031,162 85,523,982
Income tax payables 526 3,275 32,884,140
Other payables and accruals 131,200,647 817,393,146 813,027,659
Other payables due to a related party 364,501 2,270,876 1,094,047
Forward contract payables 881,307 5,490,630 5,524,497
Bonds payable and accrued interests 50,350,681 313,689,778 1,039,635,333
Short-term borrowings from third parties, including current portion of long-term bank borrowings 360,448,596 2,245,630,796 2,200,032,066
Guarantee liabilities       1,500,000
Total current liabilities 1,001,339,219 6,238,443,457 5,642,586,602
Non-current liabilities:      
Long-term borrowings 26,805,348 167,000,000 155,500,000
Long-term payables 23,357 145,515   
Accrued warranty costs - non-current 17,550,003 109,338,274 85,361,926
Convertible senior notes 77,620,210 483,581,668 387,777,235
Total liabilities 1,123,338,137 6,998,508,914 6,271,225,763
Commitments and contingencies        
Shareholders' Equity      
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 89,435,058 and 88,758,778 shares issued and outstanding as of December 31, 2011 and 2012, respectively) 2,119 13,202 13,200
Additional paid-in capital 244,735,846 1,524,728,796 1,507,224,827
Statutory reserves 28,738,103 179,041,258 178,984,364
Accumulated other comprehensive (loss)/income 37,944 236,395 (134,611)
Treasury stock, at cost; 1,028,920 and 1,723,200 shares of ordinary shares as of December 31, 2011 and 2012, respectively (2,227,180) (13,875,553) (8,354,423)
Retained earnings/(accumulated losses) (52,169,597) (325,021,804) 1,217,457,158
Total JinkoSolar Holding Co., Ltd. shareholders' equity 219,117,235 1,365,122,294 2,895,190,515
Non-controlling interests 1,394,699 8,689,113 9,983,063
Total Shareholders' Equity 220,511,934 1,373,811,407 2,905,173,578
Total liabilities and shareholders' equity $ 1,343,850,071 8,372,320,321 9,176,399,341
[1] Advances of travelling and other business expenses to executive directors who are also shareholders represent the amounts the Company advanced to them for expected expenses, charges and incidentals relating to their business development activities.
[2] Balances due to related parties are interest-free, not collateralized, and have no definitive repayment terms.