25.

EARNINGS PER SHARE

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

	For the years ended December 31,
	2015		2016		2017
	RMB		RMB		RMB
Numerator:
Net income from continuing operations		766,539,314		990,235,555		142,191,365
Net income from discontinued operations		93,759,774		1,001,564,260		-
Total net income		860,299,088		1,991,799,815		142,191,365

Net income from continuing operations		766,539,314		990,235,555		142,191,365
Less: Net (loss)/income attributable to non-controlling interests from continuing operations		(63,348)		(432,541)		485,676
Net income attributable to JinkoSolar’s ordinary shareholders from continuing operations		766,602,662		990,668,096		141,705,689

Net income from discontinued operations		93,759,774		1,001,564,260		-
Less: Net income attributable to non-controlling interests from discontinued operations		4,270,460		6,044,451		-
Less: Accretion to redemption value of redeemable non-controlling interests from discontinued operations		172,340,442		159,477,930		-
Net income/(loss) attributable to JinkoSolar’s ordinary shareholders from discontinued operations		(82,851,128)		836,041,879		-

Net income attributable to JinkoSolar’s ordinary shareholders from continuing operations		766,602,662		990,668,096		141,705,689
Interest expense add back on assumed conversion of convertible senior notes		-		6,142,661		-
Numerator for diluted income per share for continuing operations		766,602,662		996,810,757		141,705,689

Numerator for diluted income/(loss) per share for discontinued operations		(82,851,128)		836,041,879		-

Denominator:
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding		124,618,416		125,870,272		128,944,330
Dilutive effects of share options		3,184,545		2,246,095		2,742,900
Incremental shares on assumed conversion of convertible notes		-		2,474,074		-
Denominator for diluted calculation - weighted average number of ordinary shares outstanding		127,802,961		130,590,441		131,687,230

Continuing operations:
Basic earnings per share attributable to JinkoSolar's ordinary shareholders from continuing operations		6.15		7.87		1.10
Diluted earnings per share attributable to JinkoSolar's ordinary shareholders from continuing operations		6.00		7.63		1.08
Discontinued operations:
Basic earnings/(loss) per share attributable to JinkoSolar's ordinary shareholders from discontinued operations		(0.66)		6.64		-
Diluted earnings/(loss) per share attributable to JinkoSolar's ordinary shareholders from discontinued operations		(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, 2015, 2016 and 2017, accretion of RMB172,340,442, RMB159,477,930 and nil, 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.

For the year ended December 31, 2017, convertible senior notes convertible into 341,469 shares were not included in the computation of diluted EPS because of their anti-dilutive effect.