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JinkoSolar Holding Co., Ltd. Message Board

attacggcgttg 18 posts  |  Last Activity: Sep 3, 2014 1:11 PM Member since: Oct 22, 2012
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  • attacggcgttg attacggcgttg Sep 3, 2014 1:11 PM Flag

    JKS will leave CSIQ in the dust. If you look at the plants JKS has built , is building or will be building it adds up to 2.5GW. At about a dollar per watt that is 2.5 billion dollars. With the lowest cost, 72% funding from the partners and being the leader in China, CSIQ does not stand a chance of growing as fast as JKS. On the other hand I hope and think that CSIQ will do well. I just think that JKS will be three to five times bigger than CSIQ by 2018.

  • Reply to

    Great News?

    by attacggcgttg Sep 2, 2014 5:19 AM
    attacggcgttg attacggcgttg Sep 2, 2014 1:39 PM Flag

    Sorry, I forgot to factor in the cost of the plants sold. Instead of making 99.6 million on 498 million, JKS would make 137 million on 579.3 million or about 23.65%.

  • Reply to

    Great News?

    by attacggcgttg Sep 2, 2014 5:19 AM
    attacggcgttg attacggcgttg Sep 2, 2014 1:20 PM Flag

    You might want to go to the JKS website and hear the 7/30/14 recording. JKS is putting up $90 million and the partners are putting up $225 million. JKS Power only needs to put down 30%, so at $1.20 per watt JKS has enough money to get to 800MW and they can spin off the first IPO. The other two partners would be fools not to come on board, in as much as they should make at least 50 some percent in about 6 months. No matter how you look at it, each time a plant is connected to the grid JKS makes 74 to 79 cents per watt on 45% of the watts. JKS has 252MW connected to the grid, so when the last partner comes or came on board JKS made about 75 cents per watt on 113.6MW. I think that JKS sold the panels to themselves for about 10 cents per watt over cost so JKS is making an additional 65 cents per watt or 70 some million dollars. In Q3 say JKS has a margin of 20% on 830MW. If JKS has added 130MW to the grid then the margin is about 25.5%.

    Sentiment: Strong Buy

  • attacggcgttg by attacggcgttg Sep 2, 2014 5:19 AM Flag

    It is now September(not August) and all of the partners should be on board(if JKS was right about the timing). If so JKS may state that they have a one time gain of over $2 per share and margins will be higher.

    Sentiment: Strong Buy

  • Reply to

    Chinese media saying JKS spinoff coming

    by zangnut Aug 21, 2014 9:19 PM
    attacggcgttg attacggcgttg Aug 22, 2014 2:58 PM Flag

    JKS owns 55% of Jinko Power and Jinko Power spins off the IPOs. As it works out, if the IPO is 800MW and sells for $2.5 per watt, then it will cost JKS about 1 billion to build and sell for 2 billion. The partners will pay about $720 million and get back $900 million, making $180 million. JKS will spend 1 billion and get back $1,820 million making $820 million. If the IPO sells for $3 per watt then the partners make $360 million and JKS makes $1,040 million. As JKS builds plants and the plants go on the grid the plant goes into Jinko Power and the partners give JKS $2 per watt for 45% of the watts. At the rate JKS is going Jinko Power may spin off two IPOs in 2015. The easy way to look at it is if the IPO sells for $2.50 per watt then JKS makes about $1 per watt or if the IPO sells for $3 per watt then JKS makes about $1.25 per watt. On the panels that JKS sold in Q2 JKS made an average of about 15 cents per watt.

    Sentiment: Strong Buy

  • attacggcgttg by attacggcgttg Aug 19, 2014 1:12 AM Flag

    I think that JKS will have to restate Q3 margins. If JKS had stated that Q3 margins to third parties would be 19% to 22% they would be fine. The problem is that JKS has sold and/or will sell 45% of the connected plants to their partners at a margin of about 37%. This should increase the margin in Q3 by about 5% or 6%. I can see why JKS does not want to tell how the cost of plants sold to the partners is calculated, others are looking to do the same thing. But JKS will have to indicate what they are paid for plants which are sold to their partners not only for the CC but also for tax reasons. JKS should admit that they sold 113.4MW of the 252MW to the partners and will also sell 45% of plants connected in Q3 to the partners. JKS stated that they did not own 100% of the power from the plants so JKS knows they sold the plants. JKS has no Safe Harbor. they have to restate margins.

    Sentiment: Strong Buy

  • Reply to

    Jinko Bloomberg

    by g_dargusch Aug 11, 2014 11:54 AM
    attacggcgttg attacggcgttg Aug 12, 2014 8:23 AM Flag

    JKS did not receive $225 million for new projects, JKS got $225 million for 45% of the 252MW of plants that are on the grid now. JKS just made about $83 million on about 113MW. By the end of the year JKS will have just over 800MW on the grid and have made about $270 million on the about 360MW that the partners own. All 800MW will be sold in an IPO. JKS should make even more on the 440MW that they still own. The IPO may go for $2.50 to $3 per watt. At that rate JKS would make about $550 million to $770 million on the 440MW or a total of about $820 million to about $1.04 billion on the 800MW.

    Sentiment: Strong Buy

  • Reply to

    The Bigger Better Deal

    by attacggcgttg Aug 4, 2014 12:43 AM
    attacggcgttg attacggcgttg Aug 8, 2014 9:24 AM Flag

    Did anyone see that SUNE said that they would get $2.5 to $3 per watt for their projects in 2014?

    Sentiment: Strong Buy

  • attacggcgttg by attacggcgttg Aug 4, 2014 12:43 AM Flag

    Why isn't anyone talking about the bigger better deal? The new partners did not give JKS about a 75 cent per watt profit on 45% of 252MW because they wanted to make about 10% on their money or they liked JKS. If you heard the CC then you know that the plan is to spin off the plants. I think JKS and the partners will get $2.5 to $3 per watt on the IPO so let us say $2.75 per watt. This would give JKS about $1.16 cents per watt on average. On 800MW JKS will make about $930 million or about $30 dollars per share. JKS may have a PE of 0.8 now just on the earnings from the plants in 2014. The new IPO will still pay out around 10% but be leveraged. With 1.1GW of plants still in the pipeline, I think JKS will go up.

    Sentiment: Strong Buy

  • Reply to

    Are we almost there?

    by getintoh20 Aug 1, 2014 3:38 PM
    attacggcgttg attacggcgttg Aug 2, 2014 8:20 AM Flag

    You do know that the $225 million was for 45% of the 252 MW of plants that JKS has on the grid? JKS made about $83 million on the deal so far. JKS is building the plants at a $1.20 to $1.25 per watt and selling them for about $2 or more. In other words, JKS will have over 800 MW of plants on the grid at a profit of over $600 million in 5 months. It might be the wrong time to short this stock. I think that JKS will most likely be selling for about ten times or more of what it is now at the end of 2015.

    Sentiment: Strong Buy

  • You would think that JKS has sold 45% of the 800 MW plants((45% of one billion dollars($1.25 per watt times 800 MW)) that they will have at the end of 2014 the way this stock is trading instead of making $270 million on the 360 MW(45% of the 800 MW).

    Sentiment: Strong Buy

  • Reply to

    initial yieldco valuation of just $500 mln

    by hageneriksson Jul 30, 2014 7:30 AM
    attacggcgttg attacggcgttg Jul 30, 2014 11:57 PM Flag

    Twoheaded, this may not be the way to look at this but it looks like JKS has sold about 112.5 MW of power plants for $225 million(and made about $83.25 million). In other words, JKS is building the plants for about $1.25 per watt and selling at about $2 per watt. At the end of 2014, JKS will own just over 440 MW and will have sold just over 360 MW and made about $270 million on the sale.

  • attacggcgttg attacggcgttg Jul 28, 2014 4:19 AM Flag

    I think this is all an act and in the end it will be like the EU and China will be allowed to sell X watts at Y cents per watt for a fixed time. Ok, you got to love JKS building the plants in China and sending the panels to the US for four to five months this year. I could be wrong, but if JKS had not stockpiled panels in the US then JKS is going to loose money on the 72 MW(that we know about) sold on or after June 30th. But as you said, JKS knew the tariffs were coming.

    Sentiment: Strong Buy

  • Reply to

    Will JKS miss earnings again by 90% ?

    by getintoh20 Jul 23, 2014 12:12 PM
    attacggcgttg attacggcgttg Jul 24, 2014 12:01 PM Flag

    You may be right about the 90%. JKS may make $1.56 in Q2. This may not be the time to be short going into earnings.

    Sentiment: Strong Buy

  • Reply to

    Anyone else looking forward to earnings?

    by livingstpr22 Jul 18, 2014 12:34 PM
    attacggcgttg attacggcgttg Jul 22, 2014 3:58 AM Flag

    You might want to check the currency changes. As I see it, the change in Q2 was about 10% of the change in Q1. In other words, this should add about $20 million to JKS's bottom line as compared to Q1 or about 65 cents per share to earnings..

    Sentiment: Strong Buy

  • JKS could give us good news Monday. They should have good news, but will they give it to us? By Monday the six month required leasing period is over and JKS should have added Topoint's production. JKS could tell us that this drops the average cost per watt by X(1 to 1.5 cents per watt?) and/or this will add Y(17 to 25 cents?) to earnings per quarter.

    Sentiment: Strong Buy

  • Reply to

    NEVER buy this will be $12-15 on EU problems

    by eejjww36 Jul 10, 2014 10:42 AM
    attacggcgttg attacggcgttg Jul 11, 2014 12:49 AM Flag

    I think you may have seen the last time JKS was under $25.

    Sentiment: Strong Buy

  • attacggcgttg by attacggcgttg Jul 9, 2014 5:39 PM Flag

    I think that JKS will do very well in Q2. JKS should save about 20 million on the exchange rate, not loose 5 million on puts, save money on interest, sell more power, drop the cost per watt to 46 cents and sell at about 65 cents per watt. They expected JKS to make 40 cents per share in Q1 and JKS made 4 cents. In Q2 they expect JKS to make 82 cents. I think JKS will make about $1.40 per share in Q2. Even at a forward PE of 9 JKS could go to fifty dollars.

    Sentiment: Strong Buy

JKS
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