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ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Tables)
12 Months Ended
Dec. 31, 2017
ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY [Abstract]  
Condensed Statements of Operations
 
 
For the year ended December 31
 
 
 
2015
 
2016
 
2017
 
 
 
RMB
 
RMB
 
RMB
 
USD
 
 
 
 
 
 
 
 
 
 
 
 
(Note 2 (an))
 
Net revenue
 
 
-
 
 
-
 
 
-
 
 
-
 
Cost of revenues
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total operating expenses
 
 
(11,992,992)
 
 
(9,937,095)
 
 
(3,139,147)
 
 
(482,478)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other income, net
 
 
-
 
 
3,214,433
 
 
8,825,212
 
 
1,356,410
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income/(loss) from operations
 
 
(11,992,992)
 
 
(6,722,662)
 
 
5,686,065
 
 
873,932
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Share of income from subsidiaries and affiliates
 
 
692,117,271
 
 
1,949,659,745
 
 
124,171,093
 
 
19,084,748
 
Interest (expenses)/income, net
 
 
26,434,242
 
 
4,089,083
 
 
(1,563,985)
 
 
(240,380)
 
Exchange gain/(loss)
 
 
(8,235,787)
 
 
(10,073,699)
 
 
13,412,516
 
 
2,061,465
 
Change in fair value of convertible senior notes and capped call option
 
 
(14,571,200)
 
 
(110,242,492)
 
 
-
 
 
-
 
Income before income taxes
 
 
683,751,534
 
 
1,826,709,975
 
 
141,705,689
 
 
21,779,765
 
Income tax expenses
 
 
-
 
 
-
 
 
-
 
 
-
 
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders
 
 
683,751,534
 
 
1,826,709,975
 
 
141,705,689
 
 
21,779,765
 
Condensed Balance Sheets
 
 
December 31,
2016
 
December 31, 2017
 
 
 
RMB
 
RMB
 
USD
 
 
 
 
 
 
 
 
 
(Note 2 (an))
 
ASSETS
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalent
 
 
4,815,606
 
 
15,706,763
 
 
2,414,085
 
Due from subsidiaries
 
 
863,880,453
 
 
534,172,422
 
 
82,100,798
 
Due from related parties
 
 
10,102,244
 
 
9,625,813
 
 
1,479,460
 
Other current assets
 
 
12,231,081
 
 
40,037,711
 
 
6,153,684
 
Total current assets
 
 
909,440,051
 
 
599,542,709
 
 
92,148,027
 
Investments in subsidiaries
 
 
6,403,914,947
 
 
6,452,545,486
 
 
991,738,083
 
Due from related parties - non current
 
 
18,410,667
 
 
476,963
 
 
73,308
 
Total assets
 
 
7,313,354,998
 
 
7,052,565,158
 
 
1,083,959,418
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
Due to subsidiaries
 
 
389,900,932
 
 
358,580,283
 
 
55,112,781
 
Due to related parties
 
 
10,102,244
 
 
298,352
 
 
45,856
 
Other current liabilities
 
 
13,706,994
 
 
3,920,963
 
 
602,641
 
Convertible senior notes-current
 
 
423,739,708
 
 
-
 
 
-
 
Total current liabilities
 
 
837,449,878
 
 
362,799,598
 
 
55,761,278
 
Due to related parties – non-current
 
 
15,196,234
 
 
426,963
 
 
65,623
 
Convertible senior notes
 
 
-
 
 
65,342
 
 
10,043
 
Total liabilities
 
 
852,646,112
 
 
363,291,903
 
 
55,836,944
 
 
 
 
 
 
 
 
 
 
 
 
Shareholders’ equity:
 
 
 
 
 
 
 
 
 
 
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 128,456,466 and 133,869,274 shares issued as of December 31, 2016 and December 31, 2017, respectively, 126,733,266 and 132,146,074 shares outstanding as of December 31, 2016 and December 31, 2017, respectively.)
 
 
17,881
 
 
18,604
 
 
2,859
 
Additional paid-in capital
 
 
3,145,262,253
 
 
3,313,608,385
 
 
509,292,284
 
Accumulated other comprehensive income
 
 
104,784,173
 
 
23,295,998
 
 
3,580,529
 
Treasury stock, at cost; 1,723,200 ordinary shares as of December 31, 2016 and December 31, 2017
 
 
(13,875,553)
 
 
(13,875,553)
 
 
(2,132,633)
 
Retained earnings
 
 
3,224,520,132
 
 
3,366,225,821
 
 
517,379,435
 
Total shareholders' equity
 
 
6,460,708,886
 
 
6,689,273,255
 
 
1,028,122,474
 
 
 
 
 
 
 
 
 
 
 
 
Total liabilities and shareholders' equity
 
 
7,313,354,998
 
 
7,052,565,158
 
 
1,083,959,418
 
Condensed Cash Flows
 
 
For the year ended December 31,
 
 
 
2015
 
2016
 
2017
 
 
 
RMB
 
RMB
 
RMB
 
USD
 
 
 
 
 
 
 
 
 
 
 
 
(Note 2 (an))
 
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
 
683,751,534
 
 
1,826,709,975
 
 
141,705,689
 
 
21,779,766
 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of convertible senior notes
 
 
8,400,918
 
 
92,015,957
 
 
-
 
 
-
 
Change in fair value of capped call option
 
 
6,170,282
 
 
18,226,535
 
 
-
 
 
-
 
Share of income from subsidiaries
 
 
(692,117,271)
 
 
(1,949,659,745)
 
 
(124,171,093)
 
 
(19,084,748)
 
Guarantee income
 
 
-
 
 
(3,214,433)
 
 
(8,825,212)
 
 
(1,356,410)
 
Exchange (gain)/loss
 
 
8,235,787
 
 
10,073,699
 
 
(13,412,516)
 
 
(2,061,466)
 
Changes in operating assets and liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Decrease in due from subsidiaries
 
 
104,043,486
 
 
837,979,030
 
 
410,590,040
 
 
63,106,535
 
(increase)/Decrease in other current assets
 
 
(1,080,514)
 
 
(4,394,605)
 
 
5,742,872
 
 
882,663
 
increase/(Decrease) in due to subsidiaries
 
 
21,721,556
 
 
327,267,488
 
 
(37,268,274)
 
 
(5,728,029)
 
increase/(Decrease) in other current liabilities
 
 
316,410
 
 
(10,835,057)
 
 
(10,018,710)
 
 
(1,539,848)
 
Net cash provided by operating activities
 
 
139,442,188
 
 
1,144,168,844
 
 
364,342,796
 
 
55,998,463
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments in subsidiaries
 
 
(5,620,197)
 
 
-
 
 
-
 
 
-
 
Net cash used in investing activities
 
 
(5,620,197)
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from exercise of share options
 
 
7,613,965
 
 
21,730,663
 
 
69,929,453
 
 
10,747,960
 
Repurchase of convertible senior notes
 
 
(113,025,510)
 
 
(1,218,706,405)
 
 
(422,829,295)
 
 
(64,987,673)
 
Net cash used in financing activities
 
 
(105,411,545)
 
 
(1,196,975,742)
 
 
(352,899,842)
 
 
(54,239,713)
 
 
 
 
 
 
 
 
 
 
 
 
 
-
 
Effect of foreign exchange rate changes on cash and cash equivalents
 
 
2,227,375
 
 
1,937,422
 
 
(551,797)
 
 
(84,810)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase/(decrease) in cash and cash equivalents
 
 
30,637,821
 
 
(50,869,476)
 
 
10,891,157
 
 
1,673,940
 
Cash and cash equivalents, beginning of year
 
 
25,047,261
 
 
55,685,082
 
 
4,815,606
 
 
740,145
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents, end of year
 
 
55,685,082
 
 
4,815,606
 
 
15,706,763
 
 
2,414,085
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental disclosure of non-cash investing and financing cash flow information
 
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds from exercise of share options received in subsequent period
 
 
10,210,003
 
 
6,135,783
 
 
39,685,283
 
 
6,184,495