XML 18 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS
12 Months Ended
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
Dec. 31, 2017
USD ($)
$ / shares
shares
Dec. 31, 2016
CNY (¥)
¥ / shares
shares
Dec. 31, 2015
CNY (¥)
¥ / shares
shares
Total revenues ¥ 26,472,943,454 $ 4,068,816,909 ¥ 21,400,638,092 ¥ 15,454,374,366
Cost of revenues (23,481,375,053) (3,609,021,264) (17,531,299,173) (12,522,913,795)
Gross profit 2,991,568,401 459,795,645 3,869,338,919 2,931,460,571
Selling and marketing (1,901,358,676) (292,233,478) (1,434,038,816) (1,144,559,326)
General and administrative (470,844,706) (72,367,506) (778,766,905) (521,425,475)
Provision for advance to suppliers (799,899)
Impairment of long-lived assets (125,524,021)
Research and development (294,102,790) (45,202,771) (181,106,128) (143,670,521)
Total operating expenses (2,666,306,172) (409,803,755) (2,520,235,769) (1,809,655,322)
Income from operations 325,262,229 49,991,890 1,349,103,150 1,121,805,249
Interest expenses, net (245,529,598) (37,737,208) (359,296,332) (311,018,583)
Subsidy income 147,916,764 22,734,390 168,646,557 101,873,574
Exchange (loss)/gain, net (114,344,622) (17,574,447) 208,811,416 (86,517,698)
Other income, net 59,646,911 9,167,562 8,768,365 1,036,319
Investment income 4,902,527 0
Gain on disposal of subsidiaries 257,070 39,511 5,017,888 0
Income from continuing operations before income taxes 148,875,037 22,881,674 1,247,722,561 867,073,143
Income tax expenses (4,628,003) (711,311) (257,487,006) (100,533,829)
Equity in loss of affiliated companies (2,055,669) (315,951)
Income from continuing operations, net of tax 142,191,365 21,854,412 990,235,555 766,539,314
Discontinued operations        
Gain on disposal of discontinued operations before income taxes 1,007,884,060
Income from discontinued operations before income taxes 48,146,259 105,089,584
Income tax expense, net (54,466,059) (11,329,810)
Income from discontinued operations, net of tax 1,001,564,260 93,759,774
Net income 142,191,365 21,854,412 1,991,799,815 860,299,088
Less: Net income/(loss) attributable to the non-controlling interests from continuing operations 485,676 74,647 (432,541) (63,348)
Less: Net income attributable to the non-controlling interests from discontinued operations 6,044,451 4,270,460
Less: Accretion to redemption value of redeemable non-controlling interests of discontinued operations 159,477,930 172,340,442
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders ¥ 141,705,689 $ 21,779,765 ¥ 1,826,709,975 ¥ 683,751,534
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders per share from continuing operations -        
Basic | (per share) ¥ 1.1 $ 0.17 ¥ 7.87 ¥ 6.15
Diluted | (per share) 1.08 0.17 7.63 6
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders per ADS from continuing operations -        
Basic | (per share) 4.4 0.68 31.48 24.6
Diluted | (per share) 4.32 0.68 30.52 24
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders per share from discontinued operations -        
Basic | (per share) 6.64 (0.66)
Diluted | (per share) 6.4 (0.65)
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders per ADS from discontinued operations -        
Basic | (per share) 26.56 (2.64)
Diluted | (per share) ¥ 25.6 ¥ (2.6)
Weighted average ordinary shares outstanding        
Basic 128,944,330 128,944,330 125,870,272 124,618,416
Diluted 131,687,230 131,687,230 130,590,441 127,802,961
Third Party [Member]        
Total revenues ¥ 24,791,272,869 $ 3,810,348,872 ¥ 21,262,113,142 ¥ 15,454,374,366
Related Party [Member]        
Total revenues 1,681,670,585 258,468,037 138,524,950
Forward Contracts [Member]        
Change in fair value (8,211,404) (1,262,070) (52,561,784) 56,931,943
Convertible Senior Notes and Capped Call Options [Member]        
Change in fair value (110,242,492) (14,571,200)
Call spread options [Member]        
Change in fair value (370,437)
Warrant liability [Member]        
Change in fair value ¥ (16,122,313) $ (2,477,954) ¥ 24,573,266 ¥ (2,096,024)