EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

21. EARNINGS PER SHARE

Basic earnings per share and diluted earnings per share have been calculated as follows:

	For the years ended December 31,
	2013		2014			2015
	RMB		RMB			RMB
Numerator:
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders – Basic		188,011,825		673,025,055			683,751,534
Elimination of convertible senior notes interest on assumed conversion		-		64,960,833			-
Elimination of exchange gain on convertible senior notes on assumed conversion		-		5,862,093			-
Elimination of change in fair value of convertible senior notes on assumed conversion		-		(150,790,707	)		-
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders – Diluted		188,011,825		593,057,274			683,751,534

Denominator:
Denominator for basic calculation - weighted average number of ordinary shares outstanding		94,018,394		122,980,870			124,618,416
Dilutive effects of share options		2,017,591		3,934,741			3,184,545
Assumed conversion of convertible senior notes		-		26,870,920
Denominator for diluted calculation - weighted average number of ordinary shares outstanding		96,035,985		153,786,531			127,802,961

Basic earnings per share attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders		2.00		5.47			5.49
Diluted earnings per share attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders		1.96		3.86			5.35

As disclosed in Note 6, redeemable non-controlling Interests, JinkoSolar Power issued redeemable convertible preferred shares, which are accounted for as redeemable non-controlling interest and are accreted from the initial carrying value to the ultimate redemption price on the earliest possible redemption date. For the year ended December 31, 2014 and 2015, accretion of RMB52,320,700 and RMB172,340,442, respectively for redeemable non-controlling interests was recorded as a charge to decrease net income to arrive at net income attributable to JinkoSolar Holding's ordinary shareholders. After the accretion, JinkoSolar Power has a net deficit for 2014 and 2015 and there was no remaining earnings attributable to its redeemable convertible preferred shares.

For the year ended December 31,2013 and 2015, the convertible senior notes were not included in the calculation of diluted EPS because of their anti-dilutive effect.