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CONSOLIDATED BALANCE SHEETS
Dec. 31, 2018
CNY (¥)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 3,104,916,803 $ 451,591,419 ¥ 1,928,302,849
Restricted cash 377,110,770 54,848,487 833,071,955
Restricted short-term investments 4,058,418,999 590,272,562 3,237,772,923
Short-term investments 2,684,530
Accounts receivable, net - related parties 675,767,723 98,286,339 2,113,042,060
Accounts receivable, net - third parties 5,436,370,691 790,687,323 4,497,634,528
Notes receivable, net - third parties 1,010,468,502 146,966,548 571,231,826
Advances to suppliers - third parties 665,220,852 96,752,360 397,076,248
Inventories, net 5,743,327,938 835,332,403 4,273,729,991
Foreign exchange forward contract receivables 1,192,168 173,394
Other receivables - related parties 67,729,869 9,850,901 46,592,198
Derivative assets_foreign exchange option 846,718 123,150
Prepayments and other current assets 1,712,888,803 249,129,341 1,706,717,271
Total current assets 22,854,259,836 3,324,014,227 19,607,856,379
Non-current assets:      
Restricted long-term investments 921,300,096 133,997,541 248,672,003
Project assets, net 1,770,621,085 257,526,156 473,731,224
Investments in affiliates 25,531,136 3,713,350 22,321,863
Property, plant and equipment, net 8,275,899,684 1,203,679,686 6,680,187,156
Land use rights, net 574,945,186 83,622,309 443,269,172
Intangible assets, net 35,361,410 5,143,104 25,742,411
Deferred tax assets 338,069,324 49,170,144 275,372,108
Other assets - related parties 144,983,745 21,087,011 146,025,979
Other assets - third parties 912,210,407 132,675,501 713,226,373
Total non-current assets 12,998,922,073 1,890,614,802 9,028,548,289
Total assets 35,853,181,909 5,214,629,029 28,636,404,668
Current liabilities:      
Accounts payable - related parties 698,043 101,526 5,328,896
Accounts payable - third parties 5,327,093,953 774,793,681 4,658,202,091
Notes payable - related parties 35,000,000 5,090,539
Notes payable - third parties 6,036,576,707 877,983,668 5,672,496,637
Accrued payroll and welfare expenses 810,920,659 117,943,518 721,380,096
Advances from related parties 910,086 132,367 37,399,944
Advances from third parties 2,395,228,932 348,371,599 748,958,838
Income tax payable 70,240,122 10,216,002 27,779,845
Foreign exchange forward contract payables 9,463,728 1,376,442 4,520,619
Convertible senior notes - current 68,632 9,982
Derivative liability_interest rate swap 12,786,001 1,859,647 26,486,388
Bond payable and accrued interests 10,318,000 1,500,691 10,256,583
Short-term borrowings, including current portion of long-term bank borrowings 7,103,399,191 1,033,146,563 6,204,440,312
Other payables and accruals 2,281,024,560 331,761,259 1,804,799,594
Other payables - related parties 20,818,596 3,027,939 12,333,484
Guarantee liabilities to related parties 26,639,131 3,874,501 28,033,530
Total current liabilities 24,141,186,341 3,511,189,924 19,962,416,857
Non-current liabilities:      
Long-term borrowings 1,954,830,774 284,318,344 379,788,937
Accrued income tax - non-current 6,041,195
Finance lease obligations and others 338,412,288 49,220,026 538,410,044
Bond payables 299,475,000 43,556,832 298,425,000
Accrued warranty costs - non-current 573,641,400 83,432,681 571,718,223
Convertible senior notes 65,342
Deferred tax liability 25,893,228 3,766,014 70,121,943
Guarantee liabilities to related parties - non current 65,764,938 9,565,114 120,154,085
Total non-current liabilities 3,258,017,628 473,859,011 1,984,724,769
Total liabilities 27,399,203,969 3,985,048,935 21,947,141,626
Commitment and contingencies
Shareholders' equity:      
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 133,869,274 and 158,587,937 shares issued as of December 31, 2017 and December 31, 2018, respectively, 132,146,074 and 156,864,737 shares outstanding as of December 31, 2017 and December 31, 2018, respectively.) 21,727 3,160 18,604
Additional paid-in capital 4,010,739,727 583,337,899 3,313,608,385
Statutory reserves 570,176,203 82,928,689 516,885,853
Accumulated other comprehensive income 70,300,898 10,224,842 23,295,998
Treasury stock, at cost; 1,723,200 ordinary shares as of December 31, 2017 and December 31, 2018 (13,875,553) (2,018,115) (13,875,553)
Retained earnings 3,202,528,312 465,788,424 2,849,339,968
Total JinkoSolar Holding Co., Ltd. shareholders' equity 7,839,891,314 1,140,264,899 6,689,273,255
Non-controlling interests 614,086,626 89,315,195 (10,213)
Total shareholders' equity 8,453,977,940 1,229,580,094 6,689,263,042
Total liabilities, redeemable non-controlling interest and shareholders' equity ¥ 35,853,181,909 $ 5,214,629,029 ¥ 28,636,404,668