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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2018
CNY (¥)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2016
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 405,575,533 $ 58,988,513 ¥ 142,191,365 ¥ 1,991,799,815
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:        
Change in fair value of foreign exchange options 9,720,182 1,413,741 0 0
Change in fair value of interest rate swap (9,701,051) (1,410,959) 16,122,313 10,364,075
Change in fair value of warrant liability 0 0 0 (34,937,341)
Share-based compensation charge 29,307,903 4,262,658 64,867,902 203,269,631
Deferred income taxes (106,925,932) (15,551,732) (7,507,742) 22,048,774
Depreciation of property, plant and equipment 802,022,200 116,649,291 600,541,219 449,079,007
Depreciation of project assets 0 0 3,094,909 328,213,389
Amortization of land use rights 11,042,735 1,606,099 8,935,579 7,895,001
Amortization of intangible assets 4,212,569 612,693 3,481,991 3,202,787
Amortization for guarantee liability (28,243,063) (4,107,783) (65,935,450) (9,641,685)
Inventories provision 220,171,794 32,022,659 313,711,534 439,000,231
Provision/(reversal of provision) for allowance of doubtful accounts (8,051,386) (1,171,026) (111,917,157) 82,676,843
Provision/(reversal of provision) for other receivables 0 0 0 (11,666,061)
Provision for advance to suppliers 799,899
Loss/(Gain) on disposal of property, plant and equipment 48,168,035 7,005,750 (82,411,232) 33,072,876
Amortization of deferred losses related to sales leaseback transactions 36,638,880 5,328,904 14,714,339 0
Gain on disposal of land use right (315,735) (45,922) 0 (3,727,161)
Loss on disposal of intangible assets 0 0 1,936,959 1,159,217
Impairment of long-lived assets 14,548,043 2,115,925 0 125,524,021
Equity in (income)/loss of affiliated companies (2,609,853) (379,587) 2,055,669 (15,265,937)
Gain on disposal of investment in Jinko Power 0 0 0 (1,007,884,060)
Exchange (gain)/loss, net 9,425,365 1,370,862 (257,070) (5,017,888)
Investment income (4,902,527)
Exchange loss/(gain), net (33,681,095) (4,898,712) 114,344,622 (183,370,195)
Changes in operating assets and liabilities (net of impact of disposition):        
(Increase)/decrease in accounts receivable - third parties (905,161,935) (131,650,343) 226,217,542 (2,859,160,553)
Decrease/(increase) in accounts receivable - related parties 1,437,274,337 209,042,882 (698,958,001) (180,834,464)
(Increase)/decrease in notes receivable - third parties (439,236,676) (63,884,325) 181,406,314 (426,101,401)
Decrease in notes receivable - related parties 0 0 0 141,000,000
Increase in advances to suppliers - third parties (258,143,369) (37,545,396) (74,386,502) (82,394,136)
Decrease in advances to suppliers - related party 0 0 661,788 359,340
Increase in inventories (1,690,466,292) (245,868,125) (114,224,770) (2,001,046,682)
Increase in project assets, net of incremental revenue (note 2(l)) (1,257,507,244) (182,896,843) 0 0
(Increase)/decrease in other receivables - related parties (94,349,636) (13,722,585) 54,876,832 168,593,218
Increase in prepayments and other current assets (294,208,927) (42,790,914) (695,828,766) (7,621,260)
Decrease/(increase) in other assets-third parties 24,500,295 3,563,420 (1,276,503) (182,430,305)
Increase in other assets-related parties 0 0 0 (173,375,586)
Increase in accounts payable - third parties 651,639,945 94,777,099 390,360,108 885,107,922
(Decrease)/increase in accounts payable - related parties (4,630,853) (673,530) 5,328,896 (89,639,759)
Increase in accrued payroll and welfare expenses 89,540,563 13,023,135 139,104,426 142,568,241
Increase/(decrease) in advances from - third parties 1,637,949,690 238,229,902 (622,123,401) 170,803,277
(Decrease)/increase in advances from – related parties (36,489,858) (5,307,230) (23,141,546) 60,541,490
Increase/(decrease) in income tax payables 42,460,277 6,175,591 (140,331,831) 62,620,224
(Decrease)/increase in accrued income tax – non - current (6,041,195) (878,655) 6,041,195 0
Decrease in derivative liability_interest rate swap (3,999,336) (581,679) 0 0
Increase/(decrease) in other payables and accruals - third parties 310,150,424 45,109,513 230,391,245 (9,666,219)
Increase/(decrease) in other payables and accruals - related parties 8,485,112 1,234,108 (63,700,089) 50,870,317
Net cash provided by/(used in) operating activities 614,545,806 89,381,981 (177,092,694) (1,802,967,740)
Cash flows from investing activities:        
Maturity of restricted short-term investments 6,436,613,343 936,166,583 5,901,412,560 2,289,203,055
Maturity of restricted long-term investments 26,092,355 3,794,976 187,863,160 225,572,780
Maturity of short-term investments 602,684,530 87,656,829 260,263,302 45,332,883
Proceeds from disposal of property, plant and equipment 138,135,495 20,090,974 49,391,037 8,999,454
Proceeds from disposal of land use right 0 0 8,600,520 36,095,570
Cash received from call spread 0 0 0 16,941,535
Cash disposed of, net of cash received from related party, for disposal of Jinko Power 0 0 0 (606,102,556)
Cash received from, net of cash disposed of, for disposal of subsidiaries 11,760,083 1,710,433 15,448,469 0
Purchase of property, plant and equipment (2,421,517,272) (352,195,080) (2,178,471,031) (1,975,362,827)
Cash paid for project assets (29,889,472) (4,347,243) (386,300,595) (1,956,477,672)
Cash paid for deposits related to construction of solar projects 0 0 0 (161,972,465)
Cash paid for investment in affiliates 0 0 (16,879,589) 0
Cash paid for land use rights (128,004,864) (18,617,535) (27,264,156) (106,971,456)
Purchase of intangible assets (13,840,620) (2,013,035) (10,864,634) (7,474,367)
Purchase of restricted short-term investments (7,257,259,419) (1,055,524,605) (5,805,735,118) (4,462,135,353)
Purchase of restricted long-term investments (699,599,285) (101,752,496) (239,320,678) (89,037,434)
Purchase of short-term investments (600,000,000) (87,266,381) (191,646,751) (166,559,593)
Cash paid for call spread 0 0 0 (4,761,603)
Cash disposed of, net of cash received from third parties, for disposal of investment in subsidiaries 0 0 0 (106,712,599)
Cash acquired, net of cash paid to third parties, for the acquisition of subsidiaries 0 0 0 69,606,835
Net cash used in investing activities (3,934,825,126) (572,296,580) (2,433,503,504) (6,951,815,813)
Cash flows from financing activities:        
Cash received from borrowings from sales lease back 147,985,433 21,523,589 600,000,000 0
Repayment of borrowings from sales lease back (309,827,275) (45,062,508) (168,267,236) 0
Proceeds from exercise of share options 44,275,858 6,439,656 69,929,453 21,730,663
Proceeds from issuance of Bonds 0 0 297,900,000 0
Payment of deposit for lease (10,600,000) (1,541,706) (64,920,000) 0
Proceeds from common stock offering 663,235,987 96,463,673 0 0
Capital contributions by non-controlling interests holder 615,000,000 89,448,040 0 0
Proceeds from bank borrowings 14,602,250,496 2,123,809,250 18,288,363,067 21,182,867,659
Repayment of bank borrowings (12,178,792,295) (1,771,331,873) (16,851,550,800) (13,345,699,597)
Increase in notes payable 399,080,070 58,043,789 875,730,374 2,477,804,347
Repurchase of convertible senior notes 0 0 (422,829,295) (1,218,706,405)
Repayment of borrowings with embedded warrants 0 0 0 (902,949,503)
Repurchase of warrant 0 0 0 (35,696,581)
Repayment of bonds payable 0 0 0 (800,000,000)
Net cash provided by financing activities 3,972,608,274 577,791,910 2,624,355,563 7,379,350,583
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 68,323,815 9,937,287 (72,586,975) 74,639,667
Net increase/(decrease) in cash, cash equivalents, and restricted cash 720,652,769 104,814,598 (58,827,610) (1,300,793,303)
Cash balance recorded in held-for-sale assets 0 0 0 1,172,680,711
Cash and cash equivalents, beginning of year 2,761,374,804 401,625,308 2,820,202,414 2,948,315,006
Cash and cash equivalents, end of year 3,482,027,573 506,439,906 2,761,374,804 2,820,202,414
Supplemental disclosure of cash flow information        
Cash paid for income tax 27,336,014 3,975,858 189,477,968 250,150,235
Cash paid for interest expenses (net of amounts capitalized) 370,697,228 53,915,676 283,965,214 670,525,723
Supplemental disclosure of non-cash investing and financing cash flow information        
Purchases of property, plant and equipment included in other payables 867,835,949 126,221,504 793,515,334 385,399,199
Purchases of project assets included in other payables 72,467,231 10,539,922 77,809,001 0
Proceeds from exercise of share options received in subsequent period 0 0 39,685,283 6,135,783
Other receivables related to disposition of subsidiaries - related parties 0 0 28,634 0
Other receivables related to disposition of subsidiaries - third party 0 0 169,931,600 185,380,069
Other receivables related to disposal of property, plant and equipment - third party 0 0 111,500,000 0
Change in fair value of derivative forward contracts        
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:        
Change in fair value of foreign exchange forward contracts 1,475,360 214,582 4,520,619 (5,096,607)
Capped Call Options [Member]        
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:        
Change in fair value of foreign exchange forward contracts ¥ 0 $ 0 ¥ 0 ¥ 110,242,492