EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2016

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

24. EARNINGS PER SHARE

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

			For the years ended December 31,
	2014		2015		2016
	RMB		RMB		RMB
Numerator:
Net income from continuing operations		698,142,945		766,539,314		990,235,555
Net income from discontinued operations		28,053,977		93,759,774		1,001,564,260
Total net income		726,196,922		860,299,088		1,991,799,815
Net income from continuing operations		698,142,945		766,539,314		990,235,555
Less: Net loss attributable to non-controlling interests from continuing operations		-		(63,348)		(432,541)
Net income attributable to Jinkosolar’s ordinary shareholders from continuing operations		698,142,945		766,602,662		990,668,096
Net income from discontinued operations		28,053,977		93,759,774		1,001,564,260
Less: Net income attributable to non-controlling interests from discontinued operations		851,167		4,270,460		6,044,451
Less: Accretion to redemption value of redeemable non-controlling interests from discontinued operations		52,320,700		172,340,442		159,477,930
Net income/(loss) attributable to Jinkosolar’s ordinary shareholders from discontinued operations		(25,117,890)		(82,851,128)		836,041,879
Net income attributable to Jinkosolar’s ordinary shareholders from continuing operations		698,142,945		766,602,662		990,668,096
Dilutive effects of Convertible senior notes		(79,967,781)		-		6,142,661
Numerator for diluted income per share for continuing operations		618,175,164		766,602,662		996,810,757
Numerator for diluted income/(loss) per share for discontinued operations		(25,117,890)		(82,851,128)		836,041,879
Denominator:
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding		122,980,870		124,618,416		125,870,272
Dilutive effects of share options		3,934,741		3,184,545		2,246,095
Assumed conversion of convertible senior notes		26,870,920		-		2,474,074
Denominator for diluted calculation - weighted average number of ordinary shares outstanding		153,786,531		127,802,961		130,590,441
Continuing operations:
Basic earnings per share attributable to Jinkosolar's ordinary shareholders from continuing operations		5.67		6.15		7.87
Diluted earnings per share attributable to Jinkosolar's ordinary shareholders from continuing operations		4.02		6.00		7.63
Discontinued operations
Basic earnings/(loss) per share attributable to Jinkosolar's ordinary shareholders from discontinued operations		(0.20)		(0.66)		6.64
Diluted earnings/(loss) per share attributable to Jinkosolar's ordinary shareholders from discontinued operations		(0.16)		(0.65)		6.40

As disclosed in Note 8, 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, 2015 and 2016, accretion of RMB52,320,700, RMB172,340,442 and RMB159,477,930, respectively, for redeemable non-controlling interests was recorded as a charge to decrease net income from discontinued operations to arrive at net income from discontinued operations attributable to JinkoSolar Holding’s ordinary shareholders.