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ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Tables)
12 Months Ended
Dec. 31, 2016
ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY [Abstract]  
Condensed Statements of Operations
 
 
For the year ended December 31
 
 
 
2014
 
2015
 
2016
 
 
 
RMB
 
RMB
 
RMB
 
USD
 
 
 
 
 
 
 
 
 
(Note 2 (an))
 
Net revenue
 
 
-
 
 
-
 
 
-
 
 
-
 
Cost of revenues
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total operating expenses
 
 
(12,422,770)
 
 
(11,992,992)
 
 
(9,937,095)
 
 
(1,431,239)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from operations
 
 
(12,422,770)
 
 
(11,992,992)
 
 
(9,937,095)
 
 
(1,431,239)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Convertible senior notes issuance costs
 
 
(26,052,881)
 
 
-
 
 
-
 
 
-
 
Share of income from subsidiaries and affiliates
 
 
610,091,593
 
 
692,117,271
 
 
1,949,659,745
 
 
280,809,412
 
Interest income, net
 
 
27,261,325
 
 
26,434,242
 
 
4,089,083
 
 
588,950
 
Exchange gain/(loss)
 
 
10,046,144
 
 
(8,235,787)
 
 
(10,073,699)
 
 
(1,450,914)
 
Change in fair value of convertible senior notes and capped call option
 
 
64,101,644
 
 
(14,571,200)
 
 
(110,242,492)
 
 
(15,878,222)
 
Other income
 
 
-
 
 
-
 
 
3,214,433
 
 
462,974
 
Income before income taxes
 
 
673,025,055
 
 
683,751,534
 
 
1,826,709,975
 
 
263,100,961
 
Income tax expenses
 
 
-
 
 
-
 
 
-
 
 
-
 
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders
 
 
673,025,055
 
 
683,751,534
 
 
1,826,709,975
 
 
263,100,961
 
 
Condensed Balance Sheets
 
 
 
December 31,
 
 
 
 
 
2015
 
December 31, 2016
 
 
 
RMB
 
RMB
 
USD
 
 
 
 
 
 
 
(Note 2 (an))
 
ASSETS
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalent
 
 
55,685,082
 
 
4,815,606
 
 
693,592
 
Due from subsidiaries
 
 
353,584,018
 
 
892,393,364
 
 
128,531,379
 
Other current assets
 
 
11,910,526
 
 
12,231,081
 
 
1,761,642
 
Capped call option
 
 
17,490,323
 
 
-
 
 
-
 
Total current assets
 
 
438,669,949
 
 
909,440,051
 
 
130,986,613
 
Investments in subsidiaries
 
 
4,249,348,844
 
 
6,403,914,947
 
 
922,355,602
 
Due from subsidiaries-non current
 
 
1,228,006,309
 
 
-
 
 
-
 
Total assets
 
 
5,916,025,102
 
 
7,313,354,998
 
 
1,053,342,215
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
Due to subsidiaries
 
 
62,633,444
 
 
415,199,410
 
 
59,801,154
 
Other current liabilities
 
 
24,542,051
 
 
13,706,994
 
 
1,974,218
 
  Convertible senior notes-current
 
 
650,916,976
 
 
423,739,708
 
 
61,031,212
 
Total current liabilities
 
 
738,092,471
 
 
852,646,112
 
 
122,806,584
 
Convertible senior notes
 
 
856,064,385
 
 
-
 
 
-
 
Total liabilities
 
 
1,594,156,856
 
 
852,646,112
 
 
122,806,584
 
 
 
 
 
 
 
 
 
 
 
 
Shareholders’ equity:
 
 
 
 
 
 
 
 
 
 
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 125,473,930 and 126,733,266 shares issued and outstanding as of December 31, 2015 and 2016, respectively)
 
 
17,711
 
 
17,881
 
 
2,575
 
Additional paid-in capital
 
 
2,924,336,179
 
 
3,145,262,253
 
 
453,011,991
 
Accumulated other comprehensive income
 
 
12,582,041
 
 
104,784,173
 
 
15,092,060
 
Treasury stock, at cost: 1,723,200 shares of ordinary shares as of December 31, 2015 and 2016, respectively
 
 
(13,875,553)
 
 
(13,875,553)
 
 
(1,998,495)
 
Retained earnings
 
 
1,398,807,868
 
 
3,224,520,132
 
 
464,427,500
 
Total shareholders' equity
 
 
4,321,868,246
 
 
6,460,708,886
 
 
930,535,631
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities and shareholders' equity
 
 
5,916,025,102
 
 
7,313,354,998
 
 
1,053,342,215
 
Condensed Cash Flows
 
 
 
For the year ended December 31,
 
 
 
2014
 
2015
 
2016
 
 
 
RMB
 
RMB
 
RMB
 
USD
 
 
 
 
 
 
 
 
 
(Note2(an))
 
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
 
673,025,055
 
 
683,751,534
 
 
1,826,709,975
 
 
263,100,961
 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
 
 
-
 
 
-
 
 
-
 
 
-
 
Change in fair value of convertible senior notes
 
 
(150,790,707)
 
 
8,400,918
 
 
92,015,957
 
 
13,253,054
 
Change in fair value of capped call option
 
 
86,689,063
 
 
6,170,282
 
 
18,226,535
 
 
2,625,167
 
Share of loss from subsidiaries
 
 
(610,091,593)
 
 
(692,117,271)
 
 
(1,949,659,745)
 
 
(280,809,412)
 
Convertible senior notes issuance cost
 
 
26,052,881
 
 
-
 
 
-
 
 
-
 
Exchange (gain)/loss
 
 
(10,046,144)
 
 
8,235,787
 
 
10,073,699
 
 
1,450,914
 
Changes in operating assets and liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
(Increase)/decrease in due from subsidiaries
 
 
(572,172,865)
 
 
104,043,486
 
 
809,466,119
 
 
116,587,371
 
Decrease/(increase) in other current assets
 
 
299,752
 
 
(1,080,514)
 
 
(4,394,605)
 
 
(632,955)
 
Increase/(Decrease) in due to a subsidiary
 
 
26,234,900
 
 
21,721,556
 
 
352,565,966
 
 
50,780,061
 
(Decrease)/increase in other current liabilities
 
 
16,276,144
 
 
316,410
 
 
(10,835,057)
 
 
(1,560,573)
 
Net cash (used in)/provided by operating activities
 
 
(514,523,514)
 
 
139,442,188
 
 
1,144,168,844
 
 
164,794,588
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in subsidiaries
 
 
(1,141,190,434)
 
 
(5,620,197)
 
 
-
 
 
-
 
Net cash used in investing activities
 
 
(1,141,190,434)
 
 
(5,620,197)
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from issuance of ordinary shares
 
 
770,201,158
 
 
-
 
 
-
 
 
-
 
Proceeds from exercise of share options
 
 
14,528,109
 
 
7,613,965
 
 
21,730,663
 
 
3,129,866
 
Proceeds from issuance of convertible senior notes
 
 
888,797,119
 
 
-
 
 
-
 
 
 
Repurchase of convertible senior notes
 
 
 
 
 
(113,025,510)
 
 
(1,218,706,405)
 
 
(175,530,233)
 
Cash paid for capped call option
 
 
-
 
 
-
 
 
-
 
 
 
Prepayment for share repurchase
 
 
-
 
 
-
 
 
-
 
 
-
 
Repurchase of common stock
 
 
-
 
 
-
 
 
-
 
 
-
 
Net cash provided by/(used in) financing activities
 
 
1,673,526,386
 
 
(105,411,545)
 
 
(1,196,975,742)
 
 
(172,400,367)
 
 
 
 
 
 
 
 
 
 
 
 
 
-
 
Effect of foreign exchange rate changes on cash and cash equivalents
 
 
(94,929)
 
 
2,227,375
 
 
1,937,422
 
 
279,051
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (decrease)/increase in cash and cash equivalents
 
 
17,717,509
 
 
30,637,821
 
 
(50,869,476)
 
 
(7,326,728)
 
Cash and cash equivalents, beginning of year
 
 
7,329,752
 
 
25,047,261
 
 
55,685,082
 
 
8,020,320
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents, end of year
 
 
25,047,261
 
 
55,685,082
 
 
4,815,606
 
 
693,592
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental disclosure of non-cash investing and financing cash flow information
 
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from exercise of share options received in subsequent period
 
 
226,952
 
 
10,210,003
 
 
6,135,783
 
 
883,737
 
Payment of issuance cost for follow-on offering in subsequent period
 
 
2,328,174
 
 
-
 
 
-
 
 
-