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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 25,053,762 $ 3,432,351 ¥ 16,060,679
Restricted cash 2,684,214 367,736 3,008,428
Restricted short-term investments 2,973,120 407,316 7,485,562
Short-term investments 928,322 127,180 1,023,695
Advances to suppliers - related parties 203,056 27,819 6,555
Advances to suppliers - third parties 2,451,093 335,798 4,559,224
Inventories, net 12,509,422 1,713,784 18,215,537
Foreign exchange forward contract receivables 115,220 15,785 103,100
Prepayments and other receivables - related parties ¥ 29,817 $ 4,085 ¥ 27,412
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related parties Related parties Related parties
Prepayments and other current assets ¥ 4,460,594 $ 611,099 ¥ 3,402,812
Held-for-sale assets 57,502 7,878 2,003,417
Total current assets 68,865,057 9,434,475 82,945,199
Non-current assets:      
Restricted long-term investments 1,328,201 181,963 1,536,198
Long-term investments 1,870,253 256,224 2,117,628
Property, plant and equipment, net 44,800,692 6,137,670 41,267,187
Land use rights, net 1,838,015 251,807 1,821,012
Intangible assets, net 461,955 63,288 569,088
Deferred tax assets 2,641,397 361,870 1,290,004
Financing lease right-of-use assets, net 0 0 82,293
Operating lease right-of-use assets, net 448,555 61,452 660,138
Advances to suppliers to be utilized beyond one year 520,376 71,291 648,377
Available-for-sale securities 150,922 20,676 104,134
Total non-current assets 56,015,301 7,674,066 52,886,626
Total assets 124,880,358 17,108,541 135,831,825
Current liabilities:      
Accrued payroll and welfare expenses 2,779,196 380,748 2,798,964
Advances from a related party 0 0 3,412
Advances from third parties 5,088,596 697,135 6,961,886
Income tax payables 703,498 96,379 1,016,039
Foreign exchange forward derivatives payables 20,789 2,848 26,466
Convertible senior notes 0 0 782,969
Financing lease liabilities - current 0 0 36,587
Operating lease liabilities - current 145,663 19,956 119,344
Short-term borrowings, including current portion of long-term borrowings, and failed sale-leaseback financing 6,933,899 949,940 13,583,774
Other payables and accruals - third parties 16,572,843 2,270,474 13,436,902
Other payables and accruals - a related party 11,069 1,516 11,599
Held-for-sale liabilities 0 0 1,117,005
Total current liabilities 54,484,022 7,464,284 81,060,645
Non-current liabilities:      
Long-term borrowings 20,643,272 2,828,117 11,238,806
Long-term payables 4,387,864 601,135 2,378,684
Accrued warranty costs - non-current 2,136,192 292,657 2,145,426
Operating lease liabilities - non-current 330,740 45,311 557,136
Convertible notes 8,605,579 1,178,959 4,785,480
Deferred tax liability 56,718 7,770 131,506
Total non-current liabilities 36,160,365 4,953,949 21,237,038
Total liabilities 90,644,387 12,418,233 102,297,683
Commitment and contingencies
Mezzanine Equity      
Redeemable non-controlling interests 1,535,926 210,421  
Shareholders' equity:      
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 209,920,447 and 211,083,301 shares issued as of December 31, 2023 and December 31, 2024, respectively) 29 4 29
Additional paid-in capital 11,245,665 1,540,650 10,738,376
Accumulated other comprehensive income 225,141 30,844 359,584
Treasury stock, at cost; 1,360,000 and 5,574,244 ordinary shares as of December 31, 2023 and December 31, 2024 (216,507) (29,661) (79,282)
Retained earnings 8,644,581 1,184,302 9,137,727
Total JinkoSolar Holding Co., Ltd. Shareholders' equity 19,898,909 2,726,139 20,156,434
Non-controlling interests 12,801,136 1,753,748 13,377,708
Total shareholders' equity 32,700,045 4,479,887 33,534,142
Total liabilities, mezzanine equity and shareholders' equity 124,880,358 17,108,541 135,831,825
Related parties      
Current assets:      
Accounts receivable, net - third parties 436,706 59,829 296,512
Notes receivable - third parties 108,638 14,883 1,183
Non-current assets:      
Other assets - third parties 16,960 2,324 55,236
Current liabilities:      
Accounts payable - third parties 0 0 21,244
Notes payable - third parties 380,269 52,097 277,000
Third parties      
Current assets:      
Accounts receivable, net - third parties 13,628,852 1,867,145 22,662,181
Notes receivable - third parties 3,224,739 441,787 4,088,902
Non-current assets:      
Other assets - third parties 1,937,975 265,501 2,735,331
Current liabilities:      
Accounts payable - third parties 11,038,668 1,512,291 15,453,922
Notes payable - third parties ¥ 10,809,532 $ 1,480,900 ¥ 25,413,532