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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2017
EARNINGS PER SHARE [Abstract]  
Schedule of Earnings Per Share
Basic earnings per share and diluted earnings per share have been calculated as follows:
 
 
 
For the six months ended June 30,
 
 
 
2016
 
2017
 
 
 
RMB
 
RMB
 
Numerator:
 
 
 
 
 
 
 
Net income from continuing operations
 
 
632,632,403
 
 
107,652,319
 
Net income from discontinued operations
 
 
61,843,311
 
 
-
 
Total net income
 
 
694,475,714
 
 
107,652,319
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
 
632,632,403
 
 
107,652,319
 
Less: Net loss attributable to non-controlling interests from continuing operations
 
 
(88,040)
 
 
(289,572)
 
Net income attributable to Jinkosolar’s ordinary shareholders from continuing operations
 
 
632,720,443
 
 
107,941,891
 
 
 
 
 
 
 
 
 
Net income from discontinued operations
 
 
61,843,311
 
 
-
 
Less: Net income attributable to non-controlling interests from discontinued operations
 
 
3,722,599
 
 
-
 
Less: Accretion to redemption value of redeemable non-controlling interests from discontinued operations
 
 
93,780,174
 
 
-
 
Less:Allocation of net income to participating preferred shares issued by subsidiary
 
 
3,648,178
 
 
-
 
Net income attributable to Jinkosolar’s ordinary shareholders from discontinued operations
 
 
(39,307,640)
 
 
-
 
Net income attributable to Jinkosolar’s ordinary shareholders from continuing operations
 
 
632,720,443
 
 
107,941,891
 
Dilutive effects of Convertible senior notes
 
 
6,142,661
 
 
-
 
Reversal of change in fair value assumed conversion of warrants
 
 
1,518
 
 
-
 
 
 
 
 
 
 
 
 
Numerator for diluted income per share for continuing operations
 
 
638,864,622
 
 
107,941,891
 
Numerator for diluted income/(loss) per share for discontinued operations
 
 
(39,307,640)
 
 
-
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding
 
 
125,489,224
 
 
127,556,967
 
Dilutive effects of share options
 
 
2,488,394
 
 
1,302,666
 
Assumed conversion of convertible senior notes
 
 
5,212,840
 
 
-
 
Conversion of warrants
 
 
1,845,453
 
 
-
 
Denominator for diluted calculation - weighted average number of ordinary shares outstanding
 
 
135,035,911
 
 
128,859,633
 
Continuing operations:
 
 
 
 
 
 
 
Basic earnings per share attributable to Jinkosolar's ordinary shareholders from continuing operations
 
 
5.04
 
 
0.84
 
Diluted earnings per share attributable to Jinkosolar's ordinary shareholders from continuing operations
 
 
4.73
 
 
0.84
 
Discontinued operations
 
 
 
 
 
 
 
Basic earnings/(loss) per share attributable to Jinkosolar's ordinary shareholders from discontinued operations
 
 
(0.31)
 
 
-
 
Diluted earnings/(loss) per share attributable to Jinkosolar's ordinary shareholders from discontinued operations
 
 
(0.31)
 
 
-