XML 75 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS
12 Months Ended
Dec. 31, 2013
USD ($)
Dec. 31, 2013
CNY
Dec. 31, 2012
CNY
Dec. 31, 2011
CNY
Dec. 31, 2013
Related Party [Member]
USD ($)
Dec. 31, 2013
Related Party [Member]
CNY
Dec. 31, 2012
Related Party [Member]
CNY
Dec. 31, 2011
Related Party [Member]
CNY
Dec. 31, 2013
Third Party [Member]
USD ($)
Dec. 31, 2013
Third Party [Member]
CNY
Dec. 31, 2012
Third Party [Member]
CNY
Dec. 31, 2011
Third Party [Member]
CNY
Dec. 31, 2013
Forward Contracts [Member]
USD ($)
Dec. 31, 2013
Forward Contracts [Member]
CNY
Dec. 31, 2012
Forward Contracts [Member]
CNY
Dec. 31, 2011
Forward Contracts [Member]
CNY
Dec. 31, 2013
Convertible Senior Notes and Capped Call Options [Member]
USD ($)
Dec. 31, 2013
Convertible Senior Notes and Capped Call Options [Member]
CNY
Dec. 31, 2012
Convertible Senior Notes and Capped Call Options [Member]
CNY
Dec. 31, 2011
Convertible Senior Notes and Capped Call Options [Member]
CNY
Revenues $ 1,169,340,819 7,078,838,515 4,794,768,449 7,384,951,444 $ 130,830,911 792,011,086 201,355,631 32,587,949 $ 1,038,509,908 6,286,827,429 4,593,412,818 7,352,363,495                
Cost of revenues (931,907,281) (5,641,487,108) (4,562,531,334) (6,235,100,290)                                
Gross profit 237,433,538 1,437,351,407 232,237,115 1,149,851,154                                
Operating expenses:                                        
Selling and marketing (81,375,949) (492,625,584) (343,407,116) (338,381,885)                                
General and administrative (38,014,017) (230,125,455) (760,807,250) (419,291,812)                                
Provision for advance to suppliers       (227,073,440) (652,937)                                
Impairment of long-lived assets (590,259) (3,573,248) (65,476,299)                                   
Research and development (10,816,811) (65,481,728) (68,960,214) (29,992,990)                                
Goodwill impairment          (45,645,832)                                
Total operating expenses (130,797,036) (791,806,015) (1,465,724,319) (833,965,456)                                
Income/(Loss) from operations 106,636,502 645,545,392 (1,233,487,204) 315,885,698                                
Interest expenses, net (36,899,236) (223,376,902) (221,719,806) (182,502,237)                                
Convertible senior notes issuance costs          (30,154,071)                                
Subsidy income 1,252,639 7,583,102 40,902,610 25,553,802                                
Exchange loss (6,354,466) (38,468,031) (36,472,691) (138,994,253)                                
Other income , net 1,135,152 6,871,869 4,263,521 28,257,089                                
Change in fair value   (164,516,127) (106,203,805) 336,352,596                 7,993,532 48,390,446 (9,043,079) 36,604,889 (35,169,660) (212,906,573) (97,160,726) 299,747,707
Income/(Loss) before income taxes 38,594,463 233,639,303 (1,552,717,375) 354,398,624                                
Income tax (expenses)/benefit (3,061,330) (18,532,376) 8,917,648 (81,072,742)                                
Equity in losses of affiliated companies (4,231,290) (25,614,963) (16,291)                                   
Net income/(loss) 31,301,843 189,491,964 (1,543,816,018) 273,325,882                                
Less: Net (loss)/income attributable to the non-controlling interests 244,502 1,480,139 (1,393,950) (16,937)                                
Net income/(loss) attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders $ 31,057,341 188,011,825 (1,542,422,068) 273,342,819                                
Net income/(loss) attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders per share -                                        
Basic $ 0.33 2 (17.38) 2.91                                
Diluted $ 0.32 1.96 (17.38) (1.23)                                
Net income/(loss) attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders per ADS -                                        
Basic $ 1.32 8 (69.52) 11.64                                
Diluted $ 1.28 7.84 (69.52) (4.92)                                
Weighted average ordinary shares outstanding -                                        
Basic 94,018,394 94,018,394 88,752,706 93,966,535                                
Diluted 96,035,985 96,035,985 88,752,706 102,686,971