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itsalldonewithtech 5 posts  |  Last Activity: Aug 18, 2014 12:46 PM Member since: Dec 16, 1997
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  • itsalldonewithtech by itsalldonewithtech Aug 18, 2014 12:46 PM Flag

    JinkoSolar Conference Call Highlights
    Today 12:09 PM ET (Benzinga)Print

    JinkoSolar (NYSE: JKS) reported its second quarter earnings. Shares of the company are fairly neutral.

    Below are some key highlights:
    â#$%$¢ Total revenues increased 20.8 percent sequentially, and 37.8 percent year-over-year with total solar product shipment, increasing 13.5 percent sequentially, and 34.8 percent year-over-year.
    â#$%$¢ Our revenue streams continue to diversify with continued growth of our downstream business.
    â#$%$¢ We secured US$225 million in private equity financing during the quarter for Jinko power, our subsidiary that develops and operates our downstream solar power project business.
    â#$%$¢ I believe that Chinese market will remain the largest market this year as we look to maintain our leading position there.
    â#$%$¢ We once again reached our shipments and profitability target for the quarter, helping to once again reinforce our confidence to meet our full year guidance.
    â#$%$¢ We expect to see our five year period of rapid growth beginning this year, with 91 percent of PV module demand coming from silicon existing modules.

    Financials and Results:
    â#$%$¢ Gross margin was 22.6 percent in the second quarter of 2014 compared with 24 percent in the third quarter of 2014 and 17.7 percent in the second quarter of last year.
    â#$%$¢ Total operating expenses in the second quarter of 2014 were US$48.1 million, an increase of 6.8 percent sequentially and an increase of 91.7 percent year-over-year.
    â#$%$¢ Net interest expense in the second quarter of 2014 was US$11.5 million, an increase of 17.3 percent sequentially and an increase of 22.3 percent year-over-year.

    International:
    â#$%$¢ Solar prices for China and to the USA have increase more than 9 percent in the very short period, while export from China to Europe fell over 62 percent last year.
    â#$%$¢ Regarding Europe, while we expect over 7 gigawatt for the whole year 2014, we are facing anti-dumping and countervailing duties challenges.
    â#$%$¢ Regarding marketing, we have been attending conferences and exhibitions around the world, including in the USA, in Europe, particularly in the UK, Asia-Pacific and emerging markets

  • 7:08 am JinkoSolar Holding beats Q2 EPS on in-line rev; guides Q3 shipments; raises FY14 shipment guidance (JKS) : Q2 non-GAAP EPS $0.92 vs. $0.76 consensus; rev +38% to $392 mln vs. $390.5 mln consensus.

    Total solar product shipments amounted to 659.5 megawatts vs. 570-600 MW guidance, consisting of 570.8 MW of solar modules, 54.1 MW of silicon wafers and 34.6 MW of solar cells. This represents an increase of 13.5% from 581.2 MW in the first quarter of 2014 and an increase of 34.8% from 489.2 MW in the second quarter of 2013.
    Gross margin was 22.6%, compared with 24.0% in the first quarter of 2014 and 17.7% in the second quarter of 2013.

    For Q3, the co estimates total solar module shipments to be in the range of 800 MW to 850 MW, which includes 650MW to 680MW module shipments to third parties and 150 MW to 170 MW for its own downstream projects.

    Sentiment: Strong Buy

  • itsalldonewithtech by itsalldonewithtech Aug 13, 2014 1:00 PM Flag

    How r they going to handle the tariff problem? What did they say on CC about it. Long for 3 years

    Sentiment: Strong Buy

  • Reply to

    What's to love in the report?

    by solve1enigma Jul 17, 2014 4:28 PM
    itsalldonewithtech itsalldonewithtech Jul 17, 2014 4:55 PM Flag

    What is there NOT to like?

    Sentiment: Strong Buy

  • itsalldonewithtech itsalldonewithtech Jun 17, 2014 7:42 AM Flag

    yep & market looking @ that, market lookg at positive direction & outlook not as much as miss...but will have to see aftr cc

    Sentiment: Buy

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