0001104659-21-056532 | 20-F | XBRL Viewer | Jinkosolar Holding Co LTD

Short-term loans interest rate

3.56%

4.05%

Amount of short-term bank borrowings guaranteed or collateralized

¥ 8,238,530,781

¥ 9,047,249,911

4,649,133,707

Long-term Debt

7,983,127,817

Trade Accounts Receivable [Member]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

628,310,891

Bank Deposit Guaranteed [Member]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

75,000,000

Loan Two | Guaranteed by affiliate [Member] | Trade Accounts Receivable [Member]

Financings Associated With Failed Sale Lease Back Transactions [Member]

115,583,169

Loans denominated and repayable in EURO

Long-term Debt

907,448,923

725,604,249

Current portion of debt

491,348,271

¥ 288,082,711

Loans denominated and repayable in USD

148,302,000

Loans denominated and repayable in JPY

1,980,232,833

Loans denominated and repayable in AUD

230,811,400

21,883,658

Land use rights [Member]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

65,882,634

Land use rights [Member] | Loan Six [Member] | Guaranteed by affiliate [Member]

408,820,000

Buildings [Member]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

287,383,266

Equipment [Member]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

640,900,383

Inventories [Member]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

289,876,208

Inventories [Member] | Loan Three [Member] | Collateral Pledged [Member]

Inventories [Member] | Loan Four [Member] | Guaranteed by affiliate [Member] | Trade Accounts Receivable [Member]

60,000,000

Inventories [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

230,811,400

Building and Equipment [Member] | Loan Five [Member] | Guaranteed by affiliate [Member]

35,000,000

Power Plants in Mexico [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]

¥ 926,432,246

Number of solar plants to be sold | Plant

Short term borrowings held for sale

¥ 35,591,498

JinkoSolar Holding [Member] | Guaranteed by affiliate [Member]

JinkoSolar Holding [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

¥ 936,088,260

JinkoSolar Holding and Jiangxi Jinko [Member] | Guaranteed by affiliate [Member]

400,748,411

JinkoSolar Holding and Zhejiang Jinko [Member] | Guaranteed by affiliate [Member]

210,000,000

Jinkosolar Holding and Shareholders [Member] | Guaranteed by affiliate [Member]

9,591,603

Jiangxi Jinko [Member] | Guaranteed by affiliate [Member]

50,000,000

Jiangxi Jinko [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

159,631,579

Zhejiang Jinko And Jiangxi Heji [Member] | Guaranteed by affiliate [Member]

347,161,107

Zhejiang Jinko And Jiangxi Heji [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

365,557,216

Zhejiang Jinko [Member] | Guaranteed by affiliate [Member]

35,000,000

Zhejiang Jinko [Member] | Loan One | Guaranteed by affiliate [Member]

769,089,963

Zhejiang Jinko and shareholders of the Group | Guaranteed by affiliate [Member]

75,000,000

Zhejiang Jinko and shareholders of the Group | Loan Seven [Member] | Guaranteed by affiliate [Member]

100,000,000

Shareholders Of The Group [Member] | Guaranteed by affiliate [Member]

220,000,000

Shareholders Of The Group [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

150,000,000

250,000,000

Credit Loans [Member]

Letter of Credit [Member]

^[1]

1,461,532,078

ORGANIZATION AND NATURE OF OPERATIONS

^[1]

¥ 2,127,864,996

[1]

As of December 31, 2020, the Group had short-term bank borrowings of RMB1,461,532,078 credit loans and RMB2,127,864,996 letter of credit loan. The remaining short-term bank borrowings of RMB4,649,133,707 were either guaranteed by other parties and/or collateralized on the Group’s assets, detailed as following:

LAND USE RIGHTS, NET (Details)	12 Months Ended
LAND USE RIGHTS, NET (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Finite-Lived Intangible Assets [Line Items]
Land use rights	¥ 849,542,147		¥ 674,173,731
Less: accumulated amortization	(88,580,563)		(76,251,281)
Land use rights, net	760,961,584		597,922,450		$ 116,622,465
Amortization of land use rights	12,379,121	$ 1,897,183	11,974,071	¥ 11,042,735
Estimated future amortization expense	15,966,414
Land use rights pledged	65,882,634		171,927,583
Gain on disposal of land use right	¥ 0	$ 0	0	¥ 315,735
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Period of land use rights	50 years	50 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Period of land use rights	70 years	70 years
Bank Acceptance Notes [Member ]
Finite-Lived Intangible Assets [Line Items]
Land use rights pledged	¥ 99,457,421		¥ 85,496,345

ORGANIZATION AND NATURE OF OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Subsidiaries


	Date of
	Incorporation	Place of	Percentage
Subsidiaries	/Acquisition	Incorporation	of ownership

JinkoSolar Technology Limited. (“Paker”)	November 10, 2006	Hong Kong	100	%

Jinko Solar Co., Ltd. (“Jiangxi Jinko”)	December 13, 2006	PRC	73	%

Zhejiang Jinko Solar Co., Ltd.(“Zhejiang Jinko”)	June 30, 2009	PRC	73	%

Jinko Solar Import and Export Co., Ltd. (“Jinko Import and Export”)	December 24, 2009	PRC	73	%

JinkoSolar GmbH (“Jinko GmbH”)	April 1, 2010	Germany	73	%

Zhejiang Jinko Trading Co., Ltd.(“Zhejiang Trading”)	June 13, 2010	PRC	73	%

Xinjiang Jinko Solar Co., Ltd. (“Xinjiang Jinko”)	May 30, 2016	PRC	73	%

Yuhuan Jinko Solar Co., Ltd.(“Yuhuan Jinko”)	July 29, 2016	PRC	73	%

JinkoSolar (U.S.) Inc. (“Jinko US”)	August 19, 2010	USA	73	%

Jiangxi Photovoltaic Materials Co., Ltd. (“Jiangxi Materials”)	December 1, 2010	PRC	73	%

JinkoSolar (Switzerland) AG(“Jinko Switzerland”)	May 3, 2011	Switzerland	73	%

JinkoSolar (US) Holdings Inc.(“Jinko US Holding”)	June 7, 2011	USA	73	%

JinkoSolar Italy S.R.L. (“Jinko Italy”)	July 8, 2011	Italy	73	%

Jinko Solar Canada Co., Ltd. (“Jinko Canada”)	November 18, 2011	Canada	73	%

Jinko Solar Australia Holdings Co. Pty Ltd. (“Jinko Australia”)	December 7, 2011	Australia	73	%

Jinko Solar Japan K.K. (“JinkoSolar Japan”)	May 21, 2012	Japan	73	%


	Date of
	Incorporation	Place of	Percentage
Subsidiaries	/Acquisition	Incorporation	of ownership

Jinko Solar (Shanghai) Management Co., Ltd.	July 25, 2012	PRC	73	%

Wide Wealth Group Holding Limited.(“Wide Wealth Hong Kong”)	June 11, 2012	Hong Kong	100	%

Canton Best Limited (“Canton Best BVI”)	September 16, 2013	BVI	100	%

Jinkosolar Household PV System Ltd.	January 12, 2015	BVI	100	%

Jinko Solar Technology Sdn.Bhd.	January 21, 2015	Malaysia	73	%

Jinko Power International (Hongkong) Limited.	July 10, 2015	Hong Kong	100	%

JinkoSolar International Development Limited.	August 28, 2015	Hong Kong	100	%

JinkoSolar Middle East DMCC	November 6, 2016	Emirates	73	%

JinkoSolar Trading Privated Limited.	February 6, 2017	India	73	%

JinkoSolar LATAM Holding Limited.	August 22, 2017	Hong Kong	100	%

JinkoSolar (U.S.) Industries Inc.	November 16, 2017	USA	73	%

JinkoSolar Technology (Haining) Co., Ltd. (“Haining Jinko”)	December 15, 2017	PRC	51	%

Poyang Ruilixin Information Technology Co., Ltd.	December 19, 2017	PRC	73	%

Jinko Solar Korea Co., Ltd.	December 3, 2018	Korea	73	%

JinkoSolar (Sichuan) Co., Ltd. (“Jinko Sichuan”)	February 18, 2019	PRC	48	%

JinkoSolar (Qinghai) Co., Ltd.	April 3, 2019	PRC	40	%

Rui Xu Co., Ltd. (“Rui Xu")	July 24, 2019	PRC	100	%

JinkoSolar (Yiwu) Co., Ltd. (“Jinko Yiwu”)	September 19, 2019	PRC	40	%

Jinko PV Material Supply SDN. BHD	September 23, 2019	Malaysia	73	%

JinkoSolar (Vietnam) Co., Ltd.	September 26, 2019	Vietnam	73	%

JinkoSolar (Chuzhou) Co., Ltd. (“Jinko Chuzhou”)	December 26, 2019	PRC	40	%

Zhejiang New Materials Co., Ltd.	March 24, 2020	PRC	73	%

JinkoSolar (Shangrao) Co., Ltd.	April 17, 2020	PRC	40	%

Jinko Solar Denmark ApS	May 28, 2020	Denmark	73	%

JinkoSolar Hong Kong Limited	August 17, 2020	Hong Kong	73	%

Jinko Solar (Malaysia) SDN BHD	August 28, 2020	Malaysia	73	%

JinkoSolar (Chuxiong) Co., Ltd.	September 25, 2020	PRC	73	%

Yiwu New Materials Co., Ltd. (“Yiwu Materials”)	October 24, 2020	PRC	73	%

PROJECT ASSETS, NET

12 Months Ended

Dec. 31, 2020

PROJECT ASSETS, NET

PROJECT ASSETS, NET

14. PROJECT ASSETS, NET


	As of December 31,
	2019	2020
	RMB	RMB
Completed	747,152,262	724,335,851
Under construction	77,241,880	—
	824,394,142	724,335,851
Less: Accumulated depreciation	(26,151,013)	(78,981,128)
Project Assets, net	798,243,129	645,354,723

Project assets represent the solar projects owned by the Company. In the year ended December 31, 2016, the Company obtained two small solar projects in Italy as the settlement of the account receivables. The subsidiaries holding two solar projects in Italy were disposed to third party buyers in the year of 2018 with the consideration of EUR2,636,291. Loss from disposal of subsidiary with the amount of RMB9,425,366 was recognized associated with the disposition.

During the year of 2018, the Group also disposed Hirasawa Power in Japan with the consideration of JPY996,420,932 (RMB58,854,599). As these solar projects in Japan were constructed for sale upon completion instead of self-operating by the Group, the Group recorded such disposition under the standard of ASC 606, and recognized revenue and cost of sales with the amount of RMB93,451,309 and RMB69,133,413, respectively.

During the year of 2019, the Group disposed its Poyang Luohong subsidiary to a third-party buyer with the consideration of RMB99.8 million. A gain from disposal of subsidiary of RMB19.9 million (USD2.9 million) was recognized because of the disposition. The disposal gain was mainly resulted from recognition of the un-realized profit generated from the module sales transactions between the Group and Poyang Luohong before the disposal with the amount of RMB19.9 million.

In November 2019, the Group entered into an agreement to sell two solar power plants in Mexico to a Mexican renewable energy company. The transaction hasn’t been consummated and assets and liabilities related to these two solar power plants were reclassified as assets/liabilities held for sale as of December 31, 2019. Disposition of the two solar power plants was closed subsequently in March 2020 and the Group recognized revenue for sales of these solar projects with gross profits at a point in time when the buyer obtains control of these solar projects.

During the year of 2020 and 2019, electricity revenue generated from certain overseas project assets constructed for sale upon completion, with the amount of RMB8,385,752 and RMB62,459,588,was considered as incidental revenue and accounted for as a reduction of the capitalized project costs for development. Project assets recorded in held-for-sale assets with the carrying amount of RMB1,007,302,819 as at December 31, 2019 were constructed for external sales which are not depreciated.

During the year of 2020, the Group recorded full impairments of RMB93,780,458 against its remaining solar power project in Mexico based on the Company’s estimation that it is unable to complete the grid connection before the due date of the purchase agreement with Federal Electricity Commission of Mexico.

Depreciation expenses were nil, RMB77,028,161 and RMB52,830,115 for the year ended December 31, 2018, 2019 and 2020.

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2020

PROPERTY, PLANT AND EQUIPMENT, NET

Schedule of net value of leased assets


	As of December 31,
	2019	2020
	RMB	RMB
Buildings	3,567,558,224	4,396,121,001
Machinery and equipment	8,785,627,088	10,322,000,488
Motor vehicles	45,116,481	58,256,515
Furniture, fixture and office equipment	501,050,699	834,725,017
	12,899,352,492	15,611,103,021
Less: Accumulated depreciation	(3,497,199,736)	(3,863,719,503)
Subtotal	9,402,152,756	11,747,383,518
Construction in progress	806,051,793	708,060,041
Property, plant and equipment, net	10,208,204,549	12,455,443,559

SUBSEQUENT EVENTS (Details)	Mar. 05, 2021 shares
Subsequent Event [Member] \| Equity Incentive Plan 2021
Subsequent Event [Line Items]
Ordinary shares that may be issued	2,600,000

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2020

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

30. COMMITMENTS AND CONTINGENCIES

(a) Capital commitments

The Group entered into several purchase agreements and supplementary agreements with certain suppliers to acquire machineries to be used in the manufacturing of its products. The Group’s total future payments under these purchase agreements amounted to RMB3,625,386,746 as of December 31, 2020.


Year ending December 31,		RMB
2021		3,239,195,468
2022		386,191,278
Total		3,625,386,746

(b) Contingencies

In November 2018, one of the Group’s customers in Singapore (the “Singapore Customer”) filed two Notices of Arbitration (“NoAs”) in two arbitrations with Arbitration No. ARB374/18/PPD (“ARB 374”) and Arbitration No. ARB375/18/PPD (“ARB 375”), respectively, against Jinko Solar Import & Export Co., Ltd. (“Jinko IE”) at Singapore International Arbitration Centre. These NoAs were subsequently amended by the Singapore Customer, and Jinko IE received the amended Notices of Arbitration from the Singapore Customer on December 20, 2018. The Singapore Customer claimed respectively in ARB 374 and ARB 375 that the photovoltaic solar modules supplied by Jinko IE to the Singapore Customer under the purchase agreement dated December 25, 2012 (“2012 Contract”) and January 28, 2013 (“2013 Contract”) were defective. The Singapore Customer sought, inter alia, orders that Jinko IE replace the modules and/or that Jinko IE compensate the Singapore Customer for any and all losses sustained by the Singapore Customer as a result of the supply of allegedly defective modules. In January 2019, Jinko IE issued its responses to the NoAs in ARB 374 and ARB 375, disputing the Singapore Customer’s reliance on the arbitration clauses in the 2012 Contract and the 2013 Contract, denying all claims raised by the Singapore Customer, and disputing that the Singapore Customer was entitled to the reliefs claimed in the arbitrations. Arbitration tribunals in both ARB 374 and ARB 375 were constituted on September 5, 2019, which directed on January 14, 2020 that (i) the Singapore Customer shall submit its statement of claim in both ARB 374 and ARB 375 and Jinko IE shall submit its statement of defense no later than five months after Singapore Customer’s submission of statement of claim; and (ii) the hearing of the arbitrations shall be bifurcated with the liability issue to be first determined by the tribunals, and then depending on the outcome of the liability issue, the issue of remedies/damages payable to be determined in the subsequent proceedings in such manner as may be directed by the tribunals. On August 7, 2020, the Singapore Customer submitted its statement of claim in both ARB 374 and ARB 375. In the statement of claim, the Singapore Customer maintained its claim that the photovoltaic solar modules supplied by Jinko IE to them under the 2012 Contract and the 2013 Contract were defective, and that Jinko IE should be liable in respect of all the modules supplied under the 2012 Contract and the 2013 Contract. On December 16, 2020, following Jinko IE’s request, the tribunals in both ARB 374 and ARB 375 directed that Jinko IE’s statement of defense should be submitted by February 11, 2021. On February 11, 2021, Jinko IE submitted its statement of defense and relevant evidence. In the statement of defense, Jinko IE (i) requested the tribunal to declare that it lacks jurisdiction over the dispute; and (ii) denied all the Singapore Customer claims and requested the same be dismissed by the tribunal. On February 22, 2021, upon mutual agreement by Jinko IE and the Singapore Customer, the tribunal directed that ARB 374 and ARB 375 should be consolidated. The Group believes that Jinko IE has reasonable grounds to challenge the Singapore Customer’s claims in the arbitrations on jurisdiction and merits and will vigorously defend against the claims made by the Singapore Customer. Information available prior to issuance of the financial statements did not indicate that it is probable that a liability had been incurred at the date of the financial statements and the Group is also unable to reasonably estimate the range of any liability or reasonably possible loss, if any.

In March 2019, Moura Fábrica Solar – Fabrico e Comércio de Painéis Solares, Lda. (“MFS”) submitted a request for arbitration at International Chamber of Commerce (Case No. 24344/JPA) against Projinko Solar Portugal, Unipessoal Lda (“Projinko”) in connection with dispute arising out of (i) a business unit lease agreement (the “Business Unit Lease Agreement”) entered into on August 23, 2013 between MFS and Jinko Solar (Switzerland) AG (“Jinko Switzerland”), (ii) an assignment agreement dated May 26, 2014, whereby Jinko Switzerland assigned and transferred to Projinko all rights, title, interest, liabilities and obligations under the Business Unit Lease Agreement, and (iii) an amendment agreement relating to the Business Unit Lease Agreement dated December 29, 2015 (the Business Unit Lease Agreement, the assignment agreement and the amendment agreement are collectively referred to as “Lease Agreements”). In order to ensure the performance of parties’ respective obligations under the Lease Agreements, a guarantee from the parent company of MFS, Acciona Energia, S.A.U. and a bank guarantee was granted in favor of Projinko, and a guarantee from the parent company of Projinko, Jiangxi Jinko, and a bank guarantee was also granted in favor of MFS. The notice of request for arbitration had not been duly and effectively served by MFS to Projinko. In July 2019, MFS submitted a request at International Chamber of Commerce to join Jinko Switzerland and Jiangxi Jinko as two additional parties, alleging they were indispensable to the current dispute and claiming against Projinko, Jiangxi Jinko and Jinko Switzerland recovery of two drawdowns by Projinko under the bank guarantee in the amount of EUR1965,170 and EUR846,604.41, respectively, with the interests thereon as well as economic damages suffered by MFS as a result thereof.

In September 2019, Jiangxi Jinko and Jinko Switzerland submitted to the International Chamber of Commerce that they rejected to arbitrate any dispute with MFS and were not bound by valid and effective arbitration agreement with MFS; Jiangxi Jinko and Jinko Switzerland also opposed the constitution of an arbitration tribunal and the jurisdiction of any arbitration tribunal that may be constituted in the present case. On July 3, 2020, MFS submitted a statement of claim claiming against Projinko, Jiangxi Jinko and Jinko Switzerland for recovery of two drawdowns by Projinko under the bank guarantee in an aggregated amount of EUR2,812,000, with the interests thereon as well as economic damages suffered by MFS as a result thereof. On September 3, 2020, Projinko, Jiangxi Jinko and Jinko Switzerland submitted their statements of defense requesting the tribunal dismiss all claims made by MFS against Projinko, Jiangxi Jinko and Jinko Switzerland; Projinko also submitted its counterclaim against MFS requesting the tribunal order MFS to pay Projinko EUR1,008,170.00 plus accrued interest as a recovery of drawdown by MFS under the bank guarantee granted in favor of MFS. On January 12, 2020, pursuant to the parties’ joint request, the tribunal declared the proceedings suspended until further notice to allow for settlement discussions. In March 2021, the parties fully executed settlement agreement for the dispute. According to settlement agreement, the parties automatically and reciprocally release each other from the dispute on the condition that Jinko Switzerland delivers to MFS a payment in the amount of EUR 750,000. In April, Jinko Switzerland made the payment and MFS has confirmed receipt of the same. The parties have provided a letter to the tribunal to withdraw all claims and request the termination of the arbitration proceedings. As of the date of this annual report, tribunal is processing the request and will finally grant termination of the arbitration proceedings after completion of certain standard formalities. Considering as a subsequent recognized event which provide additional evidence about conditions that existed at the date of the balance sheet, the Group recorded related liability on its consolidated financial statements as at December 31, 2020.

In March 2019, Hanwha Q CELLS (defined below) filed patent infringement lawsuits against the company and a number of the company’s subsidiaries.

(i) Patent infringement lawsuits in the United States:

On March 4, 2019, Hanwha Q CELLS USA Inc. and Hanwha Q CELLS & Advanced Materials Corporation (collectively, “Plaintiffs A”) filed suit against JinkoSolar Holding Co., Ltd and several of its subsidiary entities, i.e. JinkoSolar (U.S.) Inc, Jinko Solar (U.S.) Industries Inc, Jinko Solar Co., Ltd, Zhejiang Jinko Solar Co., Ltd and Jinko Solar Technology Sdn.Bhd (collectively “Respondents”) at the U.S. International Trade Commission (“ITC”). In the complaint, it was alleged that certain photovoltaic solar cells and modules containing these solar cells supplied by the Respondents infringed U.S. Patent No. 9,893,215 purportedly owned by Hanwha Q CELLS & Advanced Materials Corporation and Plaintiffs A requested a permanent limited exclusion order and a cease and desist order be issued against the Respondents’ allegedly infringing products. On March 5, 2019, Hanwha Q CELLS & Advanced Materials Corporation filed a suit against the Respondents before the U.S. District Court for the District of Delaware (“District Court”) alleging that certain photovoltaic solar cells and modules containing these solar cells supplied by the Respondents infringed U.S. Patent No. 9,893,215 allegedly owned by Hanwha Q CELLS & Advanced Materials Corporation and sought reliefs including compensation for alleged infringement activities, enhanced damages and reasonable attorney fees. On April 9, 2019, the ITC published the Notice of Institution on Federal Register. On April 15, 2019, the District Court granted our motion to stay the court litigation pending final resolution of the ITC. On May 3, 2019, the Respondents submitted their response to the complaint of Plaintiffs A to the ITC requesting ITC among other things to deny all relief requested by Plaintiffs A. On September 13, 2019, the Respondents filed motion for summary determination of non-infringement with ITC. On April 10, 2020, the administrative law judge issued the initial determination granting the Respondents’ motion for summary determination of non-infringement. On June 3, 2020, the ITC determined to affirm the initial determination issued by the administrative law judge granting respondents’ motions for summary determination of non-infringement and terminate the investigation (the “Final Determination”). On July 31, 2020, Plaintiffs A appealed to the Federal Circuit Courts of Appeals against the ITC’s Final Determination. On August 27, 2020, the Respondents filed the motion to intervene of such appeal.

(ii) Patent infringement lawsuits in Germany:

On March 4, 2019, Hanwha Q CELLS GmbH (“Plaintiff B”), filed a patent infringement claim against JinkoSolar GmbH before the Düsseldorf Regional Court in Germany alleging that certain photovoltaic solar cells and modules containing these solar cells supplied by JinkoSolar GmbH infringed EP2 220 689 purportedly owned by Plaintiff B. On April 10, 2019, JinkoSolar GmbH filed the first brief with the court stating JinkoSolar GmbH would defend itself against the complaint. On September 9, 2019, JinkoSolar GmbH filed its statement of defense with the court (the “Statement of Defense”), requesting that the claim be dismissed and that Plaintiff B to bear the costs of the legal dispute. On March 3, 2020, Plaintiff B filed its reply to the Statement of Defense with the court. On April 20, 2020, JinkoSolar GmbH filed its rejoinder with the court commenting on Plaintiff B’s reply on March 3, 2020. On May 5, 2020, the oral hearing regarding the validity of the EP2 220 689, Plaintiff B’s entitlement to sue, and the infringement was held before the Düsseldorf Regional Court. On June 16, 2020, the Düsseldorf Regional Court sided with Plaintiff B and ordered that the third party cell technology contained in certain modules delivered by JinkoSolar GmbH infringes Plaintiff B’s patent (the “Judgment”). JinkoSolar GmbH filed its notice of appeal on July 15, 2020. On September 28, 2020, Plaintiff B has submitted the request for penalty to Düsseldorf Regional Court, claiming that JinkoSolar GmbH violated the Judgment by continuing to promote infringing products and requesting imposition of fines for such violation. On October 16, 2020, JinkoSolar GmbH submitted grounds of appeal to the Düsseldorf Higher Regional Court. JinkoSolar GmbH submitted its response to Plaintiff B’s request for penalty on November 30, 2020. On March 1, 2021, JinkoSolar GmbH submitted appeal joinder to the Düsseldorf Higher Regional Court.

(iii) Patent infringement lawsuits in Australia:

On March 12, 2019, Hanwha Solutions Corporation (registration no. 110111-0360935) (The plaintiff has been changed from Hanwha Q CELLS & Advanced Materials Corporation to Hanwha Solutions Corporation during the course of the proceedings because of restructuring undertaken by its affiliate(s) in relation to ownership of the patent in suit) and Hanwha Q CELLS Australia Pty Ltd (“Plaintiffs C”, together with Plaintiffs A and Plaintiff B, “Hanwha Q CELLS Plaintiffs”) filed suit at Federal Court of Australia (“FCA”) against Jinko Solar Australia Holdings Co. Pty Ltd (“Jinko AUS”). It was alleged that certain photovoltaic solar cells and modules containing these solar cells supplied by Jinko AUS infringed Australian Patent No. 2008323025 purportedly owned by Plaintiffs C. The FCA served Jinko AUS as the Respondent and the first case management hearing was held on April 12, 2019. The FCA heard the application, and made orders for the conduct of the proceeding at the first case management hearing, following which Jinko AUS submitted its defense and cross-claim to Plaintiffs C’s statement of claim on July 22, 2019. Shortly before the second case management hearing which was held on October 2, 2019, Plaintiffs C requested an amendment to Australian Patent No. 2008323025 (“Amendment Application”), following which FCA directed Plaintiffs C to give discovery and produce documents in respect to the Amendment Application. The third case management hearing was held on December 13, 2019, after which Jinko AUS submitted particulars of opposition to the Amendment Application and requested for further and better discovery in respect to the Amendment Application. The FCA granted Plaintiffs C’s Amendment Application on August 28, 2020. Another case management hearing was held on November 16, 2020 and FCA directed that until March 12, 2021 Jinko AUS to file a precise statement identifying the reasons why certain photovoltaic solar cells and modules supplied by Jinko AUS do not infringe Australian Patent No. 2008323025. Jinko AUS filed its non-infringement statement dated March 9, 2021 with FCA. A more extensive case management hearing was originally scheduled on March 23, 2021 and now on a short extension with the specific date unresolved as of the date this report. The next case management hearing will set the matter down for a final hearing in the year of 2022 on dates to be advised.

The Company believes that Hanwha Q CELLS Plaintiffs’ claims in all the above-mentioned cases are lacking legal merit, and will vigorously defend against the claims made by them. The Group is considering all legal avenues including challenging the validity of U.S. Patent No. 9,893,215 (“the ‘215 Patent”), EP 2 220 689 and Australian Patent No. 2008323025 (collectively, the “Asserted Patents”), and demonstrating our non-infringement of the Asserted Patents. On June 3, 2019, we filed a petition for inter partes review (“IPR”) of the ‘215 Patent with the U.S. Patent and Trademark Appeal Board (“PTAB”). IPR is a trial proceeding conducted at the PTAB to review the patentability of one or more claims in a patent. On December 10, 2019, the PTAB instituted the IPR proceedings of the patentability of claims 12-14 of the ‘215 patent claims in view of prior art. On September 9, 2020, we attended the oral hearing of IPR of the ‘215 patent. On December 9, 2020, the PTAB issued the final decision on our petition for IPR, finding that all challenged claims 12-14 of the ‘215 patent are unpatentable. On February 8, 2021, the patent owner of ‘215 Patent, Hanwha Solutions Corporation, appealed to the United States Court of Appeals for the Federal Circuit against such final decision issued by the PTAB (“215 IPR Appeal”). On February 24, 2021, we have filed the certificate of interest to participate in 215 IPR Appeal. Information available prior to issuance of the financial statements did not indicate that it is probable that a liability had been incurred at the date of the financial statements and we are also unable to reasonably estimate the range of any liability or reasonably possible loss, if any.

Upon the disposition of JinkoPower, the Company provided the loan guarantee and redemption guarantee to JinkoPower (Note 28).

The Company provided a debt payment guarantee in connection with a loan facility granted to Sweihan PV Power Company P.J.S.C (“Sweihan”), equity investee of the Company for developing overseas solar power project, in a maximum aggregate principal amount not exceeding USD42.9 million. At the same time, pursuant to the shareholders agreement, the Company together with another shareholder of Sweihan, shall enable Sweihan to repay the loan facility in full. The loan was repaid by Sweihan in 2019.

EMPLOYEE BENEFITS (Details) - CNY (¥)	12 Months Ended
EMPLOYEE BENEFITS (Details) - CNY (¥)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2013	Dec. 31, 2012
EMPLOYEE BENEFITS
Penalty on daily rate basis as a percentage of outstanding contribution	0.05%
Accrued employee benefits	¥ 605,830,905	¥ 595,295,007	¥ 25,807,949	¥ 12,063,712

INVENTORIES

12 Months Ended

Dec. 31, 2020

INVENTORIES

INVENTORIES

10. INVENTORIES

Inventories consisted of the following:


	As of December 31,
	2019	2020
	RMB	RMB
Raw materials	1,350,518,751	2,362,396,325
Work-in-progress	792,495,823	1,059,864,518
Finished goods	3,675,774,411	4,954,674,986
Total	5,818,788,985	8,376,935,829

Write-down of the carrying amount of inventory to its estimated net realizable value was RMB220,171,794, RMB135,874,384 and RMB270,893,308 for the years ended December 31, 2018, 2019 and 2020, respectively, and were recorded as cost of revenues in the consolidated statements of operations. Inventory write downs were mainly related to the inventories whose market value is lower than their carrying amount due to lower photoelectric conversion efficiencies.

As of December 31, 2019 and 2020, inventories with net book value of RMB258,692,099 and RMB289,876,208 were pledged as collateral for the Group’s borrowings (Note 20).

INVENTORIES (Details)	12 Months Ended
INVENTORIES (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
INVENTORIES
Raw materials	¥ 2,362,396,325		¥ 1,350,518,751
Work-in-progress	1,059,864,518		792,495,823
Finished goods	4,954,674,986		3,675,774,411
Total	8,376,935,829		5,818,788,985		$ 1,283,821,583
Inventory provision	270,893,308	$ 41,516,216	135,874,384	¥ 220,171,794
Pledged inventories	¥ 289,876,208		¥ 258,692,099

RELATED PARTY TRANSACTIONS AND BALANCES

12 Months Ended

Dec. 31, 2020

RELATED PARTY TRANSACTIONS AND BALANCES

28. RELATED PARTY TRANSACTIONS AND BALANCES

(a) Related party balances

Outstanding amounts due from/to related parties as of December 31, 2019 and 2020 were as follows:


	2019	2020
	December 31	December 31
	RMB	RMB
Accounts receivable from related parties:
Accounts receivable from JinkoPower for sales of solar modules and others	484,317,935	376,719,310
Accounts receivable from Sweihan PV Power Company P.S.J.C ("Sweihan PV", which develops and operates solar power projects in Dubai)	36,185,644	33,638,826
Subtotal	520,503,579	410,358,136
Notes receivables from a related party:
Notes receivables from JinkoPower	18,628,574	33,001,402

Other receivables from related parties:
Prepayments to JinkoPower for outsourcing services	32,247,424	20,609,442
Other receivables from JinkoPower for miscellaneous transactions	21,995,622	3,146,781
Advances of travel and other business expenses to executive directors who are also shareholders	75,234	—
Subtotal	54,318,280	23,756,223
Other assets from a related party:
Guarantee receivables due from JinkoPower	96,753,306	107,318,909

Accounts payable due to a related party:
Accounts payable due to Jinko-Tiansheng	36,309,710	14,113,577

Advances from a related party:
Advances from JinkoPower for sales of solar modules	748,615	—

Other payables due to related parties:
Other payables due to JinkoPower for payments on behalf of the Company	2,343,314	71,240,329
Other payables to Jiangxi Desun Energy Co., Ltd.(“Jiangxi Desun”, an entity in which our founders and substantial shareholders, Xiande Li, Kangping Chen and Xianhua Li, each holds more than 10%, and collectively hold 73%, of the equity interest) for leasing of land and buildings	10,784,038	275,075
Subtotal	13,127,352	71,515,404

(1)	Advances of travel and other business expenses to executive directors who are also shareholders represent the amounts the Company advanced to them for expected expenses, charges and incidentals relating to their business development activities.

(2)	Balances due to related parties are interest-free, not collateralized, and have no definitive repayment terms.

(3)	As of December 31, 2019 and 2020, bank deposits of the Group with the amount of RMB17.7 million were pledged for certain loans of JinkoPower.

(4)	On March 30, 2021, the Company signed an agreement to offset the debts and receivables between the Group and JinkoPower with the aggregate amount of RMB71.0 million.

(b) Related party transactions

Transactions related parties for the year ended December 31, 2018, 2019 and 2020 were as follows:


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Revenue from sales of products and providing services to related parties
Revenue from sales of products to Sweihan PV (an associate entity)	1,416,020,214	144,287,938	51,201,037
Income of financing guarantees	26,229,524	18,574,433	14,687,691
Revenue from sales of products to JinkoPower	38,895,833	7,812,477	5,072,143
Income of project management provided to Sweihan PV	—	—	3,721,149
Rental services provided to JinkoPower	2,177,280	2,177,280	2,177,280
Revenue from sales of products to a subsidiary of ReneSola	47,388	—	—

Service expenses provided by related parties
Processing fee of OEM service charged by Jiangsu Jinko-Tiansheng	19,741,927	39,565,882	27,485,358
Solar project management service provided by JinkoPower	20,842,153	23,266,889	9,442,936
Rental services provided by Jiangxi Desun	1,100,304	1,100,304	1,100,304
Electricity fee charged by JinkoPower	—	—	3,087,690
Construction service of solar project provided by JinkoPower	25,769,137	8,935,653	—

In connection with the Company’s disposal of JinkoSolar Power downstream business in 2016, the Group entered into a master service agreement with JinkoPower under which the Group agreed to provide a guarantee for JinkoPower’s financing obligations under its separate loan agreements. In the event that JinkoPower fails to perform its obligations under the loan agreements or otherwise defaults thereunder, the Company will become liable for JinkoPower’s obligations under the loan agreements, which amounted to RMB2.32 billion (USD355.4 million) as of December 31, 2020. The Company will charge JinkoPower service fees for the debt payment guarantee service according the master service agreement.

Pursuant to the master service agreement, guarantee service fee is to be settled semi-annually, and the management of the Company believes the guarantee fee charges are at market rates. The guarantee receivables are settled upon the receipt of guarantee fees from JinkoPower. The Company has received RMB29,460,673, RMB18,628,574 and RMB18,372,799 guarantee fees from JinkoPower in 2018, 2019 and 2020, respectively.

As of December 31, 2019 and December 31, 2020, the Company recorded the guarantee fee income receivable amounted to RMB115,381,880 and RMB107,318,909, which include notes receivable amounted to RMB18,628,574 and nil for provision of guarantee as of December 31, 2019 and 2020, respectively. The Company also recorded a guarantee liability amounted to RMB72,019,365 and RMB57,331,674 as of December 31, 2019 and 2020, respectively. The guarantee liability will be amortized over the expected guarantee period from 1 to 16 years which relates to the life of the outstanding guaranteed bank loans in the subsequent reporting periods. Other income from JinkoPower for the guarantee fee amortized for the period during the year ended December 31,2018, 2019 and 2020 amounted to RMB26,229,524 RMB18,574,433 and RMB14,687,691, respectively.

For the year ended December 31,2018, 2019 and 2020, sales of solar module products to subsidiaries of JinkoPower amounted to RMB38,895,833, RMB7,812,477 and RMB5,072,143, respectively. Payment term offered by the Group to JinkoPower is consistent with the Group’s 3rd party sales arrangement. As of December 31,2019 and 2020 outstanding receivables due from JinkoPower were RMB484 million and RMB377 million, respectively, among which RMB418 million and RMB300 million was overdue over one year, respectively. No interest was charged by the Group to JinkoPower on the overdue receivables. The Group entered into an agreement with JinkoPower that the outstanding receivables will be settled in 2021.

After the establishment of SSHC through December 31, 2018 and for the years ended December 31,2019 and 2020, sales of solar module products to Sweihan PV amounted to RMB1,416,020,214, RMB144,287,938 and RMB51,201,037, respectively.

For the years ended December 31, 2018 and 2019 and 2020, rental services provided to subsidiaries of JinkoPower amounted to RMB2,177,280 , RMB2,177,280 and RMB2,177,280, respectively.

Jinko-Tiansheng is an OEM service provider who provided PV module processing and assembling services to the Group. Since the establishment date of the Jinko-Tiansheng through December 31, 2018 and for the years ended December 31,2019 and 2020, Jinko-Tiansheng charged the Group processing fee amounted to RMB19,741,927 and RMB39,565,882 and RMB27,485,358, respectively.

For the years ended December 31, 2018, 2019 and 2020, revenues from sales of products to subsidiaries of ReneSola amounted to RMB47,388, nil and nil, respectively.

In November 2017, the Company entered into an agreement with JinkoPower, which entrusted JinkoPower to exercise certain shareholders’ rights (other than right of profit distribution, right of residual property distribution and right of disposition) in five operating entities of overseas power stations wholly-owned by the Company, enabling JinkoPower to monitor the construction and daily operations of these power stations. The Company retains ownership of these power stations and there exists no call or other rights of JinkoPower. The Company agrees to pay service fees calculated based on the actual costs incurred by JinkoPower during the power stations’ construction period and a fixed amount fee during the operation period. The Company paid RMB76,356,466 (USD11.2 million) in advance and recorded service expenses incurred in the year of 2018, 2019 and 2020 amounted to RMB20,842,153, RMB23,266,889 and RMB9,442,936 as cost of project assets, respectively.

On January 1, 2008, Jiangxi Desun and the Group entered into an operating lease agreement pursuant to which Jiangxi Desun leased its buildings and land use rights to the Group for a ten-year period from January 1, 2008 to December 31, 2017. In 2018, the agreement was extended for another 10 years from January 1, 2018 to December 31, 2027. Jiangxi Desun charged the Group RMB1,100,304 in rent for each of the years ended December 31, 2018, 2019 and 2020, respectively.

For the years ended December 31, 2018 and 2019 and 2020, electricity fee charged by subsidiaries of JinkoPower amounted to nil, nil and 3,087,690, respectively.

NOTES RECEIVABLE, NET - THIRD PARTIES - (Schedule of Movement of Allowance for notes receivable) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
At beginning of year	¥ 0	¥ 0	¥ 0
Addition	0	0	0
Reversal	(40,662)	0	0
At end of year	182,338	0	0
ASU No. 2016-13
At beginning of year	0	0
At end of year	¥ 223,000	¥ 0	¥ 0

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES

12 Months Ended

Dec. 31, 2020

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES

7. ACCOUNTS RECEIVABLE, NET—THIRD PARTIES


	As of December 31,
	2019	2020
	RMB	RMB
Accounts receivables - current	5,584,548,167	4,828,118,154
Allowance for doubtful accounts - current	(318,197,517)	(293,359,875)
Accounts receivable, net - current	5,266,350,650	4,534,758,279

Accounts receivables – non-current	—	27,543,511
Allowance for doubtful accounts – non-current	—	(1,138,553)
Accounts receivable, net – current – non-current	—	26,404,958

As of December 31, 2019 and 2020, accounts receivable with net book value of RMB1,200,492,957 and RMB628,310,891 were pledged as collateral for the Group’s borrowings (Note 20).

The following table summarizes the activity in the allowance for credit losses related to accounts receivable – current for the year ended December 31, 2018, 2019 and 2020:


	As of December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	264,656,904	256,605,518	318,197,517
Impact of adopting ASC Topic 326	—	—	(30,915,517)
Addition	149,029,546	166,432,303	26,581,139
Reversal	(157,080,932)	(104,840,304)	(20,503,264)
At end of year	256,605,518	318,197,517	293,359,875

The following table summarizes the activity in the allowance for credit losses related to accounts receivable – non-current for the year ended December 31, 2018, 2019 and 2020:


	As of December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	—	—	—
Impact of adopting ASC Topic 326	—	—	—
Addition	—	—	1,138,553
Reversal	—	—	—
At end of year	—	—	1,138,553

The Group assesses creditworthiness of customers before granting any credit terms. This assessment is primarily based on reviewing of customer’s financial statements and historical collection records, discussion with customers’ senior management, and reviewing of information provided by third parties, such as Dun & Bradstreet and the insurance company that ultimately insures the Group against customer credit default.

The significant bad debt reversal represents the cash collection of the fully reserved long-term receivables. The Company made bad debt provisions for certain long-term receivables in prior years which were in line with the adverse economic environment in solar industry. With the recovery of solar industry since 2013, the Company made its best effort to improve the cash collection for the long-aged accounts receivables. The cash received was recorded as the reversal of prior year bad debt allowance.

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Schedule of Investments Measured at Fair Value on Recurring Basis


	Fair Value Measurements at Reporting Date Using
		Quote prices in
	Balance as of	active market	Significant other	Significant
	December 31,	for identical	observable	unobservable
Description	2019	assets (Level 1)	inputs (Level 2)	inputs (Level 3)
Assets:
Foreign exchange forward contracts- receivable	52,281,183	—	52,281,183	—
Call options	294,177,634	—	—	294,177,634

Liabilities:
Convertible senior notes	728,215,869	—	—	728,215,869
Guarantee liabilities	72,019,365	—	—	72,019,365
Foreign exchange forward contracts- payable	3,856,561	—	3,856,561	—
Derivative liability interest rate swap	61,271,965	—	—	61,271,965


	Fair Value Measurements at Reporting Date Using
		Quote prices in
	Balance as of	active market	Significant other	Significant
	December 31,	for identical	observable	unobservable
Description	2020	assets (Level 1)	inputs (Level 2)	inputs (Level 3)
Assets:
Foreign exchange forward contracts- receivable	183,146,199	—	183,146,199	—
Call options	756,929,181	—	—	756,929,181

Liabilities:
Convertible senior notes	1,831,612,124	—	—	1,831,612,124
Guarantee liabilities	57,331,674	—	—	57,331,674
Foreign exchange forward contracts- payable	4,970,902	—	4,970,902	—
Foreign exchange options	12,923,817	—	—	12,923,817

Schedule of Reconciliation of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	65,342	68,632	728,215,869
Issuance of convertible senior notes	—	585,301,500	—
Foreign exchange (gain)/loss	3,290	7,675,500	(38,359,987)
Change in fair value of convertible senior notes	—	114,149,092	1,202,082,070
Change in the instrument-specific credit risk	—	21,089,777	(60,325,828)
Repurchase of convertible senior notes	—	(68,632)	—
Balance at December 31,	68,632	728,215,869	1,831,612,124

A summary of changes in Level 3 fair value of call option for the year ended December 31, 2018, 2019 and 2020 were as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	—	—	294,177,634
Issuance of call options	—	206,577,000	—
Foreign exchange (gain)/loss	—	2,709,000	(13,539,000)
Change in fair value of call options	—	84,891,634	476,290,547
Balance at December 31,	—	294,177,634	756,929,181

A summary of changes in Level 3 fair value of foreign exchange options for the year ended December 31, 2018, 2019 and 2020 were as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	—	846,718	—
Addition of foreign exchange options	10,566,900	—	(9,316,000)
Cash Settlement	—	(516,012)	—
Change in fair value of foreign exchange options	(9,720,182)	(330,706)	(3,607,817)
Balance at December 31,	846,718	—	(12,923,817)

Schedule of Change in Fair Value of rate swap Derivatives


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	26,486,388	12,786,001	61,271,965
Change in fair value of interest rate swap	(9,701,051)	69,974,512	78,878,089
Cash settlement	(3,999,336)	(21,488,548)	(140,150,054)
Balance at December 31,	12,786,001	61,271,965	—

Schedule of Change in Fair Value of Derivatives


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	148,187,615	92,404,068	72,019,365
Additions	1,425,026	2,164,200	—
Amortization	(28,243,063)	(18,574,433)	(14,687,691)
Cancellation	(28,965,510)	(3,974,470)	—
Balance at December 31,	92,404,068	72,019,365	57,331,674


	Foreign exchange forward		Type of derivatives
For the year ended	contracts		Convertible	Interest		Warrant	Foreign exchange
December 31,	Realized	Unrealized	senior notes	Rate swap	Call option	liability	options	Total
(In RMB)
2018	(42,614,340)	(1,475,360)	—	9,701,051	—	—	(9,720,182)	(44,108,831)
2019	(126,708,753)	48,425,227	(114,149,092)	(69,974,512)	84,891,634		(330,706)	(177,846,202)
2020	61,379,585	129,806,218	(1,202,082,070)	(78,878,089)	476,290,547		(3,607,817)	(617,091,626)

Level 3

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Summary of significant unobservable inputs adopted in the valuation of Level 3 instruments


Unobservable inputs of convertible senior notes
Expected volatility	75.16	%
Risk free interest rate	0.23	%
Discount rate	26.55	%


Unobservable input of call option
Spot price		61.87


Unobservable inputs of foreign exchange option
Expected volatility	7.14	%
Risk free interest rate	0.09%~2.45	%


Unobservable input of guarantee liabilities
Discount rate	5.39	%

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

EARNINGS PER SHARE

EARNINGS PER SHARE

22. EARNINGS PER SHARE

Basic earnings per share and diluted earnings per share have been calculated as follows:


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Numerator:
Net income	405,575,533	924,352,495	335,255,274
Less: Net (loss)/income attributable to non-controlling interests	(903,161)	25,690,269	104,870,621
Net income attributable to JinkoSolar’s ordinary shareholders	406,478,694	898,662,226	230,384,653
Dilutive effects of call option	—	(91,066,662)	(462,751,547)
Numerator for diluted income per share	406,478,694	807,595,564	(232,366,894)

Denominator:
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding	153,806,379	169,363,306	178,938,853
Dilutive effects of share options	897,786	1,909,930	—
Dilutive effects of call option	—	(4,705,479)	(7,500,000)
Denominator for diluted calculation - weighted average number of ordinary shares outstanding	154,704,166	166,567,757	171,438,853

Basic earnings per share attributable to JinkoSolar’s ordinary shareholders	2.64	5.31	1.29
Diluted earnings per share attributable to JinkoSolar’s ordinary shareholders	2.63	4.85	(1.36)

For the year ended December 31, 2018, 2019 and 2020, convertible senior notes convertible into 873, 17,708,332 and 17,708,332 shares were not included in the computation of diluted EPS because of their anti-dilutive effect, respectively.

For the year ended December 31, 2020, incremental shares under treasury stock method in relation to share options of 1,110,760 shares were not included in the computation of diluted EPS because the individually dilutive effect of these incremental shares is antidilutive to the overall calculation of diluted EPS.

Because of the dilutive impact, potential shares underlying the call option arrangement (Note 24) were removed from weighted average number of ordinary shares outstanding since its issuance date, and changes in income of the assumed exercise of call option, including the change in fair value of the call option, foreign exchange gain /(loss) on the call option, and the issuance costs of the call option were also recorded as the adjustment to the consolidated net income to arrive at the diluted net income available to the Company’s ordinary shareholders.

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS (Details)		12 Months Ended
CONVERTIBLE SENIOR NOTES AND CALL OPTIONS (Details)	Feb. 01, 2017	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2020 USD ($) $ / shares	Dec. 31, 2019 USD ($)	May 17, 2019 USD ($)	Jul. 17, 2017 CNY (¥)	Jan. 22, 2014 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount				¥ 300,000,000							¥ 300,000,000
Debt Instrument, Interest Rate, Stated Percentage											7.37%
Foreign exchange gain (loss)		¥ 38,359,987		(7,675,500)
Change in fair value of convertible senior notes		¥ (1,202,082,070)	$ (184,227,137)	¥ (114,149,092)	¥ 0
2019 Notes
Debt Instrument [Line Items]
Aggregate principal amount \| $								$ 1,000				$ 150,000,000
Debt Instrument, Interest Rate, Stated Percentage												4.00%
Convertible debt, conversion rate		21.8221	21.8221
Convertible debt, conversion price \| $ / shares								$ 45.83
Debt covenant, ownership interest threshold		50.00%						50.00%
Face value of notes repurchased \| $						$ 61,100,000	$ 88,900,000		$ 10,200
Percentage of notes repurchased	100.00%			0.00%		40.70%	59.30%
Percentage of price redeemed at				100.00%		100.00%	96.00%
Percentage Of principal Amount		100.00%	100.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%			0.00%		40.70%	59.30%
2024 Convertible Notes
Debt Instrument [Line Items]
Aggregate principal amount \| $								$ 1,000		$ 85,000,000
Debt Instrument, Interest Rate, Stated Percentage										4.50%
Convertible debt, conversion rate		52.0833	52.0833
Convertible debt, conversion price \| $ / shares								$ 19.20
Debt covenant, ownership interest threshold		50.00%						50.00%
Percentage of notes repurchased		100.00%	100.00%
Fair value of convertible notes		¥ 114,149,092		¥ 1,831,612,124	728,215,869
Foreign exchange gain (loss)		¥ 21,089,777		¥ 60,325,828	¥ 1,202,082,070
Percentage Of principal Amount		100.00%	100.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed		100.00%	100.00%

INTEREST EXPENSE, NET (Tables)

12 Months Ended

Dec. 31, 2020

INTEREST EXPENSE, NET

Interest Income and Interest Expense Disclosure


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Interest expenses	429,347,128	605,882,474	705,158,872
Less: Interest capitalization	(51,243,764)	(43,841,311)	(29,306,768)
Less: Interest income	(83,461,323)	(170,984,099)	(216,618,294)
Amortisation of bond issuance costs	1,050,000	525,000	—
Total	295,692,041	391,582,064	459,233,810

BONDS PAYABLE AND ACCRUED INTEREST (Details)		12 Months Ended
BONDS PAYABLE AND ACCRUED INTEREST (Details)	Jul. 17, 2017 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Bonds Payable And Accrued Interest [Line Items]
Debt Instrument, Term		1 year	1 year	1 year
Debt, face amount	¥ 300,000,000			¥ 300,000,000
Debt Instrument, Interest Rate, Stated Percentage	7.37%
Interest Expense, Medium-term Notes		¥ 0		11,792,000	¥ 11,792,000
Debt Related Commitment Fees and Debt Issuance Costs		¥ 0	$ 0	¥ 18,646,101	¥ 0
Medium-term Notes [Member]
Bonds Payable And Accrued Interest [Line Items]
Debt Instrument, Term	3 years
Debt maturity date	Jul. 17, 2020
Debt Related Commitment Fees and Debt Issuance Costs	¥ 2,100,000
Debt issuance costs, amortization period	2 years

INTEREST EXPENSE, NET

12 Months Ended

Dec. 31, 2020

INTEREST EXPENSE, NET

INTEREST EXPENSE, NET

4. INTEREST EXPENSES, NET


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Interest expenses	429,347,128	605,882,474	705,158,872
Less: Interest capitalization	(51,243,764)	(43,841,311)	(29,306,768)
Less: Interest income	(83,461,323)	(170,984,099)	(216,618,294)
Amortisation of bond issuance costs	1,050,000	525,000	—
Total	295,692,041	391,582,064	459,233,810

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS

12 Months Ended

Dec. 31, 2020

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS

24. CONVERTIBLE SENIOR NOTES AND CALL OPTIONS

2019 Convertible Notes

The Company issued USD150 million of convertible senior notes on January 22, 2014, which matured on February 1, 2019 (the “2019 Notes”). The interest rate was 4% per annum payable semi-annually, in arrears. No accrued interest to be paid on the 2019 Notes when they are converted.

Holders had the option to convert their 2019 Notes from the earlier of (i) when the registration statement of the 2019 Notes became effective and (ii) the first anniversary of the date on which the 2019 Notes were first issued, through to and including the business day prior to the maturity date into ADSs representing the ordinary shares initially at a conversion rate of 21.8221 ADSs per USD1,000 principal amount of Notes (equivalent to an initial conversion price of approximately USD45.83 per ADS).

The conversion rate was subject to change on anti-dilution and upon certain fundamental changes. Fundamental changes were defined as 1) any “person” or “group” beneficially owns (directly or indirectly) 50% or more of the total voting power of all outstanding classes of Company’s shares or has the power to elect a majority of the members of the board of directors; 2) Company consolidates with, or merge with or into, another person or the Company sells, assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of its assets, or any person consolidates with, or merges with or into, the Company; 3) Termination of trading of Company’s ADSs; and 4) adoption of a plan relating to the Company’s liquidation or dissolution.

The holders had the option to require the Company to repurchase the 2019 Notes, in whole or in part, in the event of a fundamental change for an amount equal to the 100% of the principal amount and any accrued and unpaid interest in the event of fundamental changes. Management assessed that the likelihood of fundamental change was remote.

The holders had the right to require the Company to repurchase for cash all or any portion of their notes on February 1, 2017 at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

While the 2019 Notes remained outstanding, the Company or its subsidiaries should not create or permit to subsist any security upon its property, assets or revenues (present or future) to secure any international investment securities or to secure any guarantee of or indemnity of any international investment securities unless the obligations under the Notes and the indenture (a) were secured equally and ratably therewith, or (b) had the benefit of such other security, guarantee, indemnity or other arrangement as shall be approved by holders of a majority in aggregate principal amount of the Notes then outstanding.

As a result of the depressed market conditions, the Company repurchased the 2019 Notes with a face value of USD88.9 million or 59.3% of the Notes at approximately 96% of the face value during the year ended December 31, 2016. The Company repurchased 2019 Notes with a face value of USD61.1 million or 40.7% of the 2019 Notes at approximately 100% of the face value during the year ended December 31, 2017. The Company repurchased 2019 Notes with a face value of USD10,200 or 0.0% of the 2019 Notes at approximately 100% of the face value during the year ended December 31, 2019.

2024 Convertible Notes

The Company issued USD85 million of Convertible Senior Notes on May 17, 2019, which will mature on June 1, 2024 (the “2024 Notes”). The interest rate is 4.5% per annum payable semi-annually, in arrears.

Holders have the option to convert their 2024 Notes at any time prior to the close of business on the third business day immediately preceding the maturity date at a conversion rate of 52.0833 ADSs per USD1,000 principal amount of the Notes (equivalent to an initial conversion price of approximately USD19.20 per ADS).

The conversion rate is subject to change on anti-dilution and upon certain fundamental changes. Fundamental changes are defined as 1) any “person” or “group” beneficially owns (directly or indirectly) 50% or more of the total voting power of all outstanding classes of Company’s shares or has the power to elect a majority of the members of the board of directors; 2) Company consolidates with, or merge with or into, another person or the Company sells, assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of its assets, or any person consolidates with, or merges with or into, the Company; 3) Termination of trading of Company’s ADSs; and 4) adoption of a plan relating to the Company’s liquidation or dissolution.

The holders have the option to require the Company to repurchase the 2024 Notes, in whole or in part, in the event of a fundamental change for an amount equal to the 100% of the principal amount and any accrued and unpaid interest in the event of fundamental changes. Management assessed that the likelihood of fundamental change is remote.

The holders will have the right to require the Company to repurchase for cash all or any portion of their notes on June 1, 2021 at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

While the 2024 Notes remain outstanding, the Company or its subsidiaries should not create or permit to subsist any security upon its property, assets or revenues (present or future) to secure any international investment securities or to secure any guarantee of or indemnity of any international investment securities unless the obligations under the Notes and the indenture (a) are secured equally and ratably therewith, or (b) have the benefit of such other security, guarantee, indemnity or other arrangement as shall be approved by holders of a majority in aggregate principal amount of the Notes then outstanding.

Accounting for 2019 Convertible Notes

The Company has RMB as its functional currency, and the 2019 Notes are denominated in USD. As a result, the conversion feature is dual indexed to the Company’s stock as well as the RMB and USD exchange rate, and is considered an embedded derivative which needs to be bifurcated from the host instrument in accordance with ASC 815.

ASC 815-15-25 provides that if an entity has a hybrid financial instrument that would require bifurcation of embedded derivatives under ASC 815, the entity may irrevocably elect to initially and subsequently measure a hybrid financial instrument in its entirety at fair value with changes in fair value recognized in earnings. The fair value election can be made instrument by instrument and shall be supported by concurrent documentation or a preexisting documented policy for automatic election.

The Company elected to measure the 2019 Notes in their entirety at fair value with changes in fair value recognized as non-operating income or loss at each balance sheet date in accordance with ASC 815-15-25. Further, as the functional currency of the Company is RMB, the fair value of the Notes is translated into RMB at each balance sheet date with the difference being reported as exchange gain or loss. In addition, all issuance costs associated with the 2019 Notes offering have been expensed as incurred in accordance with ASC 825-10-25-3, which states that upfront costs and fees related to items for which the fair value option is elected shall be recognized in the consolidated statements of operations and comprehensive as incurred and not deferred.

The Company completed its repurchasing of the 2019 Notes in the year of 2019. (Note 31)

Accounting for 2024 Convertible Notes

The Company has RMB as its functional currency, and the 2024 Notes are denominated in USD. As a result, the conversion feature is dual indexed to the Company’s stock as well as the RMB and USD exchange rate, and is considered an embedded derivative which needs to be bifurcated from the host instrument in accordance with ASC 815.

The Company elected to measure the 2024 Notes in their entirety at fair value. According to ASC 825-10-45-5, the Company measures the financial liability at fair value with qualifying changes in fair value recognized in net income. The Company also presents separately in other comprehensive income the portion of the total change in the fair value of the liability that results from a change in the instrument-specific credit risk.

Further, as the functional currency of the Company is RMB, the fair value of the 2024 Notes is translated into RMB at each balance sheet date with the difference being reported as exchange gain or loss, except for the exchange rate remeasurement of the component of the change in fair value of the liability resulting from the cumulative changes in instrument-specific credit risk which is presented in other comprehensive income. In addition, all issuance costs associated with the 2024 Notes offering have been expensed as incurred in accordance with ASC 825-10-25-3, which states that upfront costs and fees related to items for which the fair value option is elected shall be recognized in the consolidated statements of operations and comprehensive as incurred and not deferred.

As of December 31, 2019 and 2020, the estimated fair value of the 2024 Notes amounted to approximately RMB728,215,869 and RMB1,831,612,124.The Company recorded loss from foreign exchange remeasurement of RMB7,675,500 and gain from foreign exchange remeasurement of RMB38,359,987 in net income for the year ended December 31, 2019 and 2020, respectively. The Company recorded loss from change in fair value of 2024 Notes of RMB114,149,092 and RMB1,202,082,070 in net income for the year ended December 2019 and 2020, respectively. The Company also recorded loss from change in fair value of 2024 Notes of RMB21,089,777 in other comprehensive income and gain from change in fair value of 2024 Notes of RMB60,325,828 in other comprehensive income for the year ended December 2019 and 2020, respectively (Note 31).

Call Option

Concurrent with the issuance of the 2024 Notes, the Company used approximately USD30 million of the net proceeds from the offering to enter into zero-strike call option transactions (“Call option”), covering 1,875,000ADSs, with the initial purchasers of the 2024 Notes (“Dealer”). The Call option is intended to facilitate privately negotiated transactions by which investors in the Notes are able to hedge their investment. The Call option expires on July 28, 2021 or when the Dealer request early settlement. The Company has the right to elect settlement method. If cash settlement applies, the Dealer will deliver the amount of cash to the Company calculated based on the number of shares determined on the commencement date and the volume-weighted average price of the Company shares on the settlement date. If physical settlement applies, the Company will receive the fixed number of ADSs determined at the commencement date of the transaction.

The economic substance of the Call option is the same as a traditional forward repurchase contract. Because the Call option permitted net cash settlement, it was classified as a derivative instrument measured initially and subsequently at fair value with changes in fair value recorded in earnings. The Company accounted for the Call option as a free-standing derivative asset on its consolidated balance sheet when the Call option was entered into in May 2019. The derivative asset was initially recorded at its fair value of USD30 million on the commencement date which represented the amount of cash transferred to the Dealer. The derivative asset was subsequently recorded at fair value with the change in fair value through May 2019. The Company recorded a gain from change in fair value of the call option with the amount of RMB84,891,634 and RMB476,290,547 in net income for the year ended December 2019 and 2020, respectively. The Company also recorded an exchange gain of the call option with the amount of RMB2,709,000 and an exchange loss of the call option with the amount of RMB13,539,000 for the year ended December 31, 2019 and 2020, respectively (Note 31).

SHARE BASED COMPENSATION

12 Months Ended

Dec. 31, 2020

SHARE BASED COMPENSATION

SHARE BASED COMPENSATION

27. SHARE BASED COMPENSATION

The Company adopted a long-term incentive plan (the "2009 Plan") in July 2009 which was subsequently amended and restated. The 2009 plan provided for the issuance of options of 9,325,122 ordinary shares. The options have a contractual life of 7 years except for certain options granted to an employee in August 2009 that can be exercised until October 1, 2013. The share options will vest in 5 successive equal annual installments on the last day of each year from the grant date, provided that the personnel’s service with the Company has not terminated prior to each such vesting date. For 953,200 options granted to one employee in August 2009, the share options vested in a series of 36 months, on the last day of each month, commencing from October 1, 2008.

The Company adopted a new long-term incentive plan (the "2014 Plan") in August 2014. The 2014 Plan provides for the issuance of options of 12,796,745 ordinary shares. The options have a contractual life of 10 year. The share options will vest in 5 successive equal annual installments on the last day of each year from the grant date, provided that the personnel’s service with the Company has not terminated prior to each such vesting date.

A summary of activities under the Company’s share-based compensation plan is as follows:


	Number of		Weighted-average
	option	Weighted-average	remaining	Aggregate
	outstanding	exercise price	contractual term	intrinsic value
		(USD/share)	(in years)	(RMB)
Balance as of January 1, 2020	4,555,288	3.34	—	—
Granted	—	—	—	—
Exercise	(3,750,540)	3.32	—	—
Forfeited	(88,000)	3.29	—	—
Balance as of December 31, 2020	716,748	3.46	5.25	58,835,911

Vested and expected to vest as of December 31, 2020	689,968	3.63	4.08	53,289,086
Vested and exercisable as of December 31, 2020	592,760	3.69	3.79	45,563,647

The aggregate intrinsic value is calculated as the difference between the market price of ordinary shares, USD15.47 (RMB100.92) per share as of December 31, 2020 and the exercise prices of the options.

Total intrinsic value of options exercised during the year ended December 31, 2018, 2019 and 2020 were RMB3,057,319, RMB54,032,828 and RMB296,759,089 respectively.

The total fair value of shares vested for the years ended December 31, 2018, 2019 and 2020 were RMB63,100,120, RMB65,621,884 and RMB4,132,648 respectively.

The share-based compensation expense of continuing operations for the year ended December 31, 2018, 2019 and 2020 was recorded in the respective items:


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Costs of revenues	967,367	(771,464)	328,549
Selling expenses	6,415,213	3,424,973	461,567
General and administrative expenses	24,066,459	1,140,815	145,835
Research and development expenses	(2,141,136)	783,991	(13,083)
Total	29,307,903	4,578,315	922,868

As of December 31, 2020, the Company had unrecognized share-based compensation expense RMB326,326 related to non-vested share options. That deferred cost is expected to be recognized over a weighted-average period of 0.75 years. For the year ended December 31, 2020, total cash received from the exercise of share options was RMB114,758,281.

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Condensed Statements of Operations) (Details)	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Condensed Financial Statements, Captions [Line Items]
Net revenue	¥ 35,129,458,616	$ 5,383,825,075	¥ 29,746,287,759	¥ 25,042,613,341
Cost of revenues	(28,957,798,084)	(4,437,976,718)	(24,314,602,138)	(21,528,868,419)
Gross profit	6,171,660,532	945,848,357	5,431,685,621	3,513,744,922
Total operating (expenses)/income	(4,386,713,170)	(672,293,206)	(3,702,059,110)	(2,868,818,098)
Income/(loss) from operations	1,784,947,362	273,555,151	1,729,626,511	644,926,824
Convertible senior notes issuance costs	0	0	(18,646,101)	0
Share of income from subsidiaries and affiliates	(52,705,838)	(8,077,523)	(48,854,715)	2,609,853
Interest (expenses)/income, net	(459,233,810)	(70,380,661)	(391,582,064)	(295,692,041)
Exchange gain/(loss)	(336,522,915)	(51,574,393)	8,808,559	33,681,095
Income before income taxes	566,371,892	86,800,290	1,251,186,211	407,375,203
Income tax expenses	(178,410,780)	(27,342,648)	(277,979,001)	(4,409,523)
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	230,384,653	35,307,993	898,662,226	406,478,694
Parent Company [Member] \| Reportable Legal Entities [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenue		0	0	0
Cost of revenues			0	0
Gross profit			0	0
Total operating (expenses)/income	1,227,529	188,127	474,214	(2,267,582)
Other income, net	5,063,775	776,057	8,922,475	6,249,651
Income/(loss) from operations	6,291,304	964,184	9,396,689	3,982,069
Convertible senior notes issuance costs			(18,646,101)
Share of income from subsidiaries and affiliates	1,015,006,438	155,556,542	911,593,940	348,543,952
Interest (expenses)/income, net	8,596,365	1,317,451	8,421,898	(722)
Exchange gain/(loss)	(73,717,931)	(11,297,767)	17,153,258	53,953,395
Change in fair value of convertible senior notes and call option	(725,791,523)	(111,232,417)	(29,257,458)
Income before income taxes	230,384,653	35,307,993	898,662,226	406,478,694
Income tax expenses \| $		0
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	¥ 230,384,653	$ 35,307,993	¥ 898,662,226	¥ 406,478,694

BORROWINGS - Short-term (Details) - CNY (¥)	Dec. 31, 2020	Dec. 31, 2019
Short-term borrowings	¥ 7,556,938,793	¥ 8,517,391,989
Long-term borrowings-current portion	681,591,988	529,857,922
Total short-term borrowings	8,238,530,781	¥ 9,047,249,911
Financings Associated With Failed Sale Lease Back Transactions [Member]
Long-term borrowings-current portion	¥ 416,100,652

BORROWINGS

12 Months Ended

Dec. 31, 2020

BORROWINGS

BORROWINGS

20. BORROWINGS

(a) Short-term borrowings


	As of December 31,
	2019	2020
	RMB	RMB
Short-term borrowings	8,517,391,989	7,556,938,793
Long-term borrowings—current portion	529,857,922	681,591,988
Total short-term borrowings	9,047,249,911	8,238,530,781

The short-term borrowings outstanding as of December 31, 2019 and December 31, 2020 carried a weighted average interest rate of 4.05% and 3.56% per annum, respectively. Included in the balance of short-term borrowings as of December 31, 2020 were borrowings of RMB148,302,000, RMB1,980,232,833, RMB230,811,400 and RMB21,883,658 which are denominated and repayable in EUR, USD, JPY and AUD, respectively.

The Group entered into an agreement to sell two solar power plants in Mexico to a Mexican renewable energy company in November 2019. Short-term borrowings of RMB35,591,498 related to these two solar power plants were reclassified as liabilities held for sale as of December 31, 2019.

Details of the Group’s short-term borrowings as of December 31, 2020 are:


Type of loan	As of December 31, 2020	Guarantee/Collateral
Credit loan	1,461,532,078		a)
Letter of credit loan	2,127,864,996		a)
	936,088,260	Guaranteed by JinkoSolar Holding	b)
	210,000,000	Guaranteed by JinkoSolar Holding and Jiangxi Jinko	b)
Guaranteed by	9,591,603	Guaranteed by JinkoSolar Holding and Zhejiang Jinko	b)
subsidiaries of	50,000,000	Guaranteed by JinkoSolar Holding and shareholders of the Group	b)
the Group and/or	159,631,579	Guaranteed by Jiangxi Jinko	b)
collateralized on	769,089,963	Guaranteed by Zhejiang Jinko	b)
the Group’s assets	100,000,000	Guaranteed by Zhejiang Jinko and shareholders of the Group	b)
	365,557,216	Guaranteed by Zhejiang Jinko and Jiangxi Heji Investment Co., Ltd.	b)
	150,000,000	Guaranteed by shareholders of the Group	b)
	491,348,271	Financings associated with failed sale-leaseback transactions	c)
	1,407,826,815	Guaranteed and collateralized on buildings, equipment and other assets of the Group and shareholders of the Group	d)
Total	8,238,530,781

Borrowings of RMB936,088,260 guaranteed by JinkoSolar Holding, RMB210,000,000 guaranteed by JinkoSolar Holding and Jiangxi Jinko, RMB9,591,603 guaranteed by JinkoSolar Holding and Zhejiang Jinko, RMB50,000,000 guaranteed by Jinkosolar Holding and shareholders of the Group, RMB159,631,579 guaranteed by Jiangxi Jinko, RMB769,089,963 guaranteed by Zhejiang Jinko, RMB100,000,000 guaranteed by Zhejiang Jinko and shareholders of the Group, RMB365,557,216 guaranteed by Zhejiang Jinko and Jiangxi Heji Investment Co., Ltd., RMB150,000,000 guaranteed by shareholders of the Group, respectively.

c)	As of December 31, 2020, the Group recorded financings associated with failed sale-lease back transactions with the amount of RMB416,100,652 under long-term borrowings, and RMB491,348,271 as current portion (Note 21).

Borrowings of RMB75,000,000 collateralized on the bank deposits of Zhejiang Jinko, RMB115,583,169 collateralized on the account receivables of the Group, RMB60,000,000 collateralized on the Group's certain inventory, RMB230,811,400 collateralized on the account receivables and inventories of JinkoSolar Japan, and RMB926,432,246 collateralized on the Group’s certain building and equipment, including RMB408,820,000 which were also collateralized on the Group’s certain land use rights, RMB35,000,000 were also collateralized on the Group’s certain inventory. In addition, included in these borrowings there were borrowings of RMB400,748,411 guaranteed by Jinkosolar Holding, RMB347,161,107 guaranteed by Jiangxi Jinko, RMB35,000,000 guaranteed by Jiangxi Jinko and Zhejiang Trading, RMB220,000,000 guaranteed by Zhejiang Jinko and shareholder of the Group, RMB250,000,000 guaranteed by shareholders of the Group.

The net book value of the total collateralized accounts receivables, land use right, building, equipment, inventory and bank deposit was RMB628,310,891, RMB65,882,634, RMB287,383,266, RMB640,900,383, RMB289,876,208, RMB75,000,000 respectively as of December 31, 2020.

Two subsidiaries of the Group had a revolving loan facility from WELLS FARGO BANK, NATIONAL ASSOCIATION as of December 31, 2019 and 2020. Obligations under the loan facility were secured by substantially all of the assets of the two subsidiaries, including account receivables, bank balances, inventories, property and plants etc. (“Pledged Assets”) as of December 31, 2019 and 2020, and the amount of available facilities is generally determined and updated from time to time based on certain percentage of the Pledged Assets balances. As of December 31, 2019 and 2020, RMB4,784,865 (USD685,884) and nil of borrowings were drawn down from such revolving loan facility, respectively.

(b) Long-term borrowings


	As of December 31,
	2019	2020
	RMB	RMB
Long-term bank borrowings	1,390,440,838	938,717,151
Long-term financings associated with failed sale-leaseback transactions	725,604,249	907,448,923
Other long-term borrowings	—	6,136,961,743
Less: Current portion of long-term borrowings	(241,775,211)	(190,243,717)
Less: Current portion of financings associated with failed sale-leaseback transactions	(288,082,711)	(491,348,271)
Total long-term borrowings	1,586,187,165	7,301,535,829

Future principal repayments on the long-term borrowings are as follows:


Year ending December 31,		RMB
Year ended December 31
2021		681,591,988
2022		417,713,309
2023		85,121,622
2024		2,026,179,912
2025		2,001,306,822
Thereafter		2,771,214,164
Total		7,983,127,817

1) Long-term bank borrowings

In 2015 and 2016, the Group entered into loan agreements with the Export-Import Bank of China for an aggregate amount of RMB609,283,000, which were repayable from April 2017 to June 2020. As of December 31, 2019, balance of these borrowings amounted to RMB69,881,000, which has been repaid in June 2020. The effective interest rate of the borrowings was 3.82% in 2019. The borrowings were guaranteed by Zhejiang Jinko and JinkoSolar Holding.

In 2016, the Group entered into a 10-year loan agreement with China Merchants Bank for a principle amount of RMB87,880,000 with the interest rate of 5.39%, which was repayable from February 2016 to January 2026. As of December 31, 2020, the total outstanding balances amounted to RMB51,253,014, including RMB8,841,107 due on December 31, 2021. The borrowing was collateralized on the Group’s certain buildings with the net book value of RMB136,887,026.

In 2017, the Group entered into a 3-year loan agreement with Jiangxi Guochuang Investment Co., Ltd. (“Guochuang”) with the principle amount of RMB50,000,000 which was interest free. Guochuang is a government background entity who provided the interest-free loan to the Group to support its daily operations. The borrowing was collateralized on Jiangxi Jinko’s share pledge and has been repaid by December 31, 2020.

In 2017, the Group entered into a 3-year loan agreement with Credit Suisse AG, Singapore Branch with the principle amount of USD6,000,000 (RMB41,857,200). The interest rate is the aggregate of 5.62% and LIBOR. The borrowing was guaranteed by JinkoSolar Holding and has been repaid by December 31, 2020.

In 2018, the Group entered into a 3-year loan agreement with Credit Suisse AG, Singapore Branch with the principle amount of USD40,000,000 (RMB279,048,000). The interest rate is the aggregate of 5.62% and LIBOR. The borrowing was guaranteed by JinkoSolar Holding and has been repaid by December 31, 2020.

In 2018, the Group entered into a 7-year loan agreement with a group of lenders including MUFG Bank Mexico, S.A. and BBVA Bancomer. As of December 31, 2019, The Group has drawn down RMB780,163,451 (USD103,248,381 and MXN162,564,059) which is due and payable in March 2025. The interest rate is the aggregate of 2% and LIBOR. The borrowing was pledged by all the shares and assets with carrying amount of RMB1,043,516,591 as of December 31, 2019 of certain project companies of the Group. As of December 31, 2019, the borrowing was reclassified as held-for-sale liabilities and was sold together with the solar project in Mexico in March 2020 (Note 14).

In 2018, the Group entered into a 14-year loan agreement with Inter-American Development Bank and Nederlandse Financierings-Maatschappij Voor Ontwikkelingslandeen N.V. for an aggregate amount of USD105,185,805 (RMB733,797,213). As of December 31, 2020, the Group has drawn down RMB455,214,137 (USD69,765,688), including RMB27,330,260 due on December 31, 2021. The interest rate is the aggregate of 5%~9% and LIBOR.The borrowing was pledged by all of the Group’s rights under the loan agreement and all current and future funds deposited in the designated bank account as well as all of the assets and shares with carrying amount of RMB822,600,064 as of on December 31, 2020 of certain project companies of the Group.

In 2018, the Group entered into a 7-year loan agreement with MUFG Bank Mexico, S.A and MUFG Bank Ltd. for an aggregate amount of USD19,596,403 (RMB136,708,427). As of December 31, 2019, the Group has drawn down RMB135,019,993 (USD18,967,411 and MXN7,328,535) which is due and payable in October 2025. The interest rate is the aggregate of 2% and LIBOR. The borrowing was pledged by all the shares and assets with carrying amount of RMB240,524,789 as of December 31, 2019 of certain project companies of the Group, As of December 31, 2019, the borrowing was reclassified as liabilities held for sale and was sold together with the solar project in Mexico in March 2020 (Note 14).

In 2019, the Group entered into an 8-year loan agreement with China Everbright Bank for a principle amount of RMB372,000,000 with the interest rate of 6.37%, which was repayable from September 2019 to July 2027. As of December 31, 2020, the total outstanding balances amounted to RMB302,250,000, including RMB46,500,000 due on December 31, 2021. The borrowing was collateralized on the Group’s certain buildings with the net book value of RMB674,395,829.

In 2019, the Group entered into a 2-year loan agreement with China CITIC Bank for a principle amount of RMB30,000,000 with the interest rate of 8.50%, which is due and payable in August 2021.

In 2020, the Group entered into a 2-year loan agreement with China Everbright Bank for a principle amount of RMB100,000,000 with the interest rate of 4.90%, which is due and payable in June 2022. The borrowing was guaranteed by Jiangxi Jinko and collateralized on the Group's certain equipment with the net book value of RMB273,881,855.

2) Financings associated with failed sale-leaseback transactions

During the year ended December 31, 2019 and 2020, the Group sold certain machinery and equipment with total carrying amount of RMB1,055.2 million and RMB583.0 million to certain third parties (the “purchaser-lessors”) for a total consideration of RMB927.0 million and RMB572.4 million and simultaneously entered into contracts to lease back these assets from the purchaser-lessors for periods from one to six years. Pursuant to the terms of the contracts, the Group is required to pay to the purchaser-lessors quarterly lease payment over the contract periods and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the leases. Through the leaseback, the Group substantially retains all of the benefits and risks incident to the ownership of the equipment sold and the fair value of these equipment upon expiration of leasing period is most likely to be much higher than the repurchase price. Therefore, these lease transactions do not qualify as sale-leaseback transaction. Accordingly, the Group identified the transactions as financing arrangements and recorded as borrowings. As of December 31, 2020, the Group recorded RMB907,448,923 under long-term borrowings, including RMB491,348,271 as current portion.

3) Other long-term borrowings

In the February 2018, Jiangxi Jinko, together with government background funds, established Jinko Sichuan. Cash capital injections with an aggregate amount of RMB1 billion had been made by the non-controlling shareholders through December 31, 2020. The Group controls and consolidates such entity in its financial statements. In October 2020, Jiangxi Jinko entered into a supplementary investment agreement with the government background funds, pursuant to which the government background funds will no longer participates in any business decision of Jinko Sichuan and enjoys a fixed annual return of 6% on its capital injection. Additionally, Jiangxi Jinko shall repurchase all the 30% equity interests (the non-controlling interest) held by the government background funds upon the sixth anniversary of the capital injection date with a repurchase price equivalent to the capital injection made by the government background funds. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. The Group assessed the impact of the above amendments and concluded that these amendments represented a settlement of the non-controlling interests given characteristics of the non-controlling interests has been completely changed to loan liabilities. At the time of the settlement, the carrying amount of the non-controlling interests with the amount of RMB997,222,010 was derecognized, and the new loan liabilities was recorded at fair value of RMB1,113,842,449, with the difference recorded against additional paid-in-capital. In addition, in December 2020, the Jinko Sichuan received capital injection with the amount of RMB300,000,000 from government background funds which bears a fixed annual return

of 6% and shall be repaid upon the sixth anniversary of the capital injection date. The Group recorded such capital injection as long-term borrowings. As of December 31, 2020, the Group recorded RMB1,338,816,904 under long-term borrowings in total.

In the second and third quarter of 2018, government background companies made capital injection with the amounted of RMB517 million into Haining Jinko. In the third quarter of 2019, to support developments of local enterprise, government background funds of Zhejiang province made investment into Haining Jinko as capital injections through limited partnership established together with Zhejiang Jinko. The total capital injection received from government funds in the year of 2019 amounted to RMB845.78 million. In the fourth quarter of 2020, the Group entered into supplementary investments agreement with government background funds, pursuant to which the government background funds will no longer participates in any business decision of Haining Jinko and enjoys fixed annual return within the range from 4.75% to 5.23% on their capital injections respectively. Additionally, the Group shall repurchase all the equity interests (the non-controlling interest) held by the government background funds upon the fifth or sixth anniversary of the capital injection date with a repurchase price equivalent to the capital injection made by the government background funds. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. The Group assessed the impact of the above amendments and concluded that these amendments represented a settlement of the non-controlling interests given characteristics of the non-controlling interests has been completely changed to loan liabilities. At the time of the settlement, the carrying amount of the non-controlling interests with the amount of RMB1,164,120,720 was derecognized, and the new loan liabilities was recorded at fair value of RMB1,192,662,544 with the difference recorded against additional paid-in-capital. As of December 31, 2020, the Group recorded RMB1,154,421,096 under long-term borrowings.

In the September 2019, Jiangxi Jinko, together with government background funds, established Jinko Yiwu. Cash capital injections with an aggregate amount of RMB765 million had been made by the non-controlling shareholders through December 31, 2020. The Group controls and consolidates such entity in its financial statements. In August 2020, Jiangxi Jinko entered into a supplementary investment agreement with the government background funds, pursuant to which the government background funds will no longer participates in any business decision of Jinko Yiwu and enjoys a fixed annual return of 6% on its capital injection. Additionally, Jiangxi Jinko shall repurchase all the 45% equity interests (the non-controlling interest) held by the government background funds upon the fifth anniversary of the capital injection date with a repurchase price equivalent to the capital injection made by the government background funds. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. The Group assessed the impact of the above amendments and concluded that these amendments represented a settlement of the non-controlling interests given characteristics of the non-controlling interests has been completely changed to loan liabilities. At the time of the settlement, the carrying amount of the non-controlling interests with the amount of RMB778,531,455 was derecognized, and the new loan liabilities was recorded at fair value of RMB817,984,401, with the difference recorded against additional paid-in-capital. As of December 31, 2020, the Group recorded RMB795,375,501 under long-term borrowings.

In the December 2019, Jiangxi Jinko, together with a government background fund, established Jinko Chuzhou. Cash capital injections with an aggregate amount of RMB850 million had been made by the non-controlling shareholder through December 31, 2020. The Group controls and consolidates such entity in its financial statements. In August 2020, Jiangxi Jinko entered into a supplementary investment agreement with the government background fund, pursuant to which the government background fund will no longer participates in any business decision of Jinko Chuzhou and enjoys a fixed annual return of 4.35% on its capital injection. Additionally, Jiangxi Jinko shall repurchase all the 45% equity interests (the non-controlling interest) held by the government background fund upon the sixth anniversary of the capital injection date with a repurchase price equivalent to the capital injection made by the government background fund. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. The Group assessed the impact of the above amendments and concluded that these amendments represented a settlement of the non-controlling interests given characteristics of the non-controlling interests has been completely changed to loan liabilities. At the time of the settlement, the carrying amount of the non-controlling interests with the amount of RMB858,872,176 was derecognized, and the new loan liabilities was recorded at fair value of RMB845,754,728, with the difference recorded against additional paid-in-capital. As of December 31, 2020, the Group recorded RMB833,242,979 under long-term borrowings.

In January 2020, Rui Xu entered into a 5-year loan agreement with a government background company with the principle amount of RMB40,000,000 with the interest rate of 4.75%. The loan will be due and payable in January 2025.

In February 2020, Jiangxi Jinko entered into a 1.5-year loan agreement with Shangrao Changxi Trade Co., Ltd. ("Shangrao Changxi") with the principle amount of RMB30,000,000 with the interest rate of 8.68%. The loan will be due and payable in October 2021.

In April 2020, Jiangxi Jinko, together with a government background fund, established Jinko ShangRao. The Group controls and consolidates such entity in its financial statements. Pursuant to the investment agreement entered by Jiangxi Jinko and the government background fund, the government background fund will provide its investment into Shangrao Jinko of RMB4.5 billion with the interest rate stipulated by bank for the corresponding period. Jiangxi Jinko shall repurchase all the 45% equity interests (the non-controlling interest) held by the government background fund upon the sixth anniversary of the date of the investment agreement with a repurchase price equivalent to the capital injection made by the government background funds. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. Therefore, these government investments were accounted as loan liabilities. As of December 31, 2020, the local government has provided borrowing with amount of RMB1,902,000,000 to Shangrao Jinko with the interest of 4.9%, which is due and payable in May 2026.

In July 2020, the Group entered into a 2-year loan agreement with Ping An International Financial Leasing Co., Ltd. for a principle amount of RMB49,263,158 which was repayable from July 2020 to July 2022. As of December 31, 2020, the total outstanding balances amounted to RMB43,105,263, including RMB24,631,579 due on December 31, 2021. The borrowing was guaranteed by Jiangxi Jinko.

SHARE BASED COMPENSATION - Expense Allocation (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	¥ 922,868	¥ 4,578,315	¥ 29,307,903
Costs of Revenues
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	328,549	(771,464)	967,367
Selling Expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	461,567	3,424,973	6,415,213
General and Administration Expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	145,835	1,140,815	24,066,459
Research and Development Expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	¥ (13,083)	¥ 783,991	¥ (2,141,136)

PROJECT ASSETS, NET (Details)	3 Months Ended	12 Months Ended
PROJECT ASSETS, NET (Details)	Mar. 31, 2018 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥) Plant	Dec. 31, 2019 USD ($)	Dec. 31, 2018 EUR (€)	Dec. 31, 2018 JPY (¥)	Dec. 31, 2018 CNY (¥)	Nov. 30, 2019 Plant	Dec. 31, 2016 project
Number of Solar Projects Obtained In Exchange of Receivables \| project										2
Proceeds from Sale of Equity Method Investments \| €						€ 2,636,291
Equity Method Investment, Realized Gain (Loss) on Disposal				¥ 19,900,000	$ 2,900,000			¥ 9,425,366
Equity Method Investment, Amount Sold				¥ 99,800,000			¥ 996,420,932	58,854,599
Number of solar power plants held for sale \| Plant				2					2
Revenues		¥ 35,129,458,616	$ 5,383,825,075	¥ 29,746,287,759				25,042,613,341
Cost of Revenue		28,957,798,084	4,437,976,718	24,314,602,138				21,528,868,419
Project Asset, External Sales				1,007,302,819
Impairment		93,780,458
Depreciation expenses of project assets		52,830,115	$ 8,096,569	77,028,161				0
Electricity, Generation [Member] \| Capitalized Project Costs [Member]
Revenues		¥ 8,385,752		¥ 62,459,588
Sale Of Projects [Member] \| ASC 606 [Member]
Revenues	¥ 93,451,309							93,451,309
Cost of Revenue	¥ 69,133,413							¥ 69,133,413

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of related party balances


	2019	2020
	December 31	December 31
	RMB	RMB
Accounts receivable from related parties:
Accounts receivable from JinkoPower for sales of solar modules and others	484,317,935	376,719,310
Accounts receivable from Sweihan PV Power Company P.S.J.C ("Sweihan PV", which develops and operates solar power projects in Dubai)	36,185,644	33,638,826
Subtotal	520,503,579	410,358,136
Notes receivables from a related party:
Notes receivables from JinkoPower	18,628,574	33,001,402

Other receivables from related parties:
Prepayments to JinkoPower for outsourcing services	32,247,424	20,609,442
Other receivables from JinkoPower for miscellaneous transactions	21,995,622	3,146,781
Advances of travel and other business expenses to executive directors who are also shareholders	75,234	—
Subtotal	54,318,280	23,756,223
Other assets from a related party:
Guarantee receivables due from JinkoPower	96,753,306	107,318,909

Accounts payable due to a related party:
Accounts payable due to Jinko-Tiansheng	36,309,710	14,113,577

Advances from a related party:
Advances from JinkoPower for sales of solar modules	748,615	—

Other payables due to related parties:
Other payables due to JinkoPower for payments on behalf of the Company	2,343,314	71,240,329
Other payables to Jiangxi Desun Energy Co., Ltd.(“Jiangxi Desun”, an entity in which our founders and substantial shareholders, Xiande Li, Kangping Chen and Xianhua Li, each holds more than 10%, and collectively hold 73%, of the equity interest) for leasing of land and buildings	10,784,038	275,075
Subtotal	13,127,352	71,515,404

(1)	Advances of travel and other business expenses to executive directors who are also shareholders represent the amounts the Company advanced to them for expected expenses, charges and incidentals relating to their business development activities.

(2)	Balances due to related parties are interest-free, not collateralized, and have no definitive repayment terms.

(3)	As of December 31, 2019 and 2020, bank deposits of the Group with the amount of RMB17.7 million were pledged for certain loans of JinkoPower.

(4)	On March 30, 2021, the Company signed an agreement to offset the debts and receivables between the Group and JinkoPower with the aggregate amount of RMB71.0 million.

Schedule of Transactions with Related Parties


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Revenue from sales of products and providing services to related parties
Revenue from sales of products to Sweihan PV (an associate entity)	1,416,020,214	144,287,938	51,201,037
Income of financing guarantees	26,229,524	18,574,433	14,687,691
Revenue from sales of products to JinkoPower	38,895,833	7,812,477	5,072,143
Income of project management provided to Sweihan PV	—	—	3,721,149
Rental services provided to JinkoPower	2,177,280	2,177,280	2,177,280
Revenue from sales of products to a subsidiary of ReneSola	47,388	—	—

Service expenses provided by related parties
Processing fee of OEM service charged by Jiangsu Jinko-Tiansheng	19,741,927	39,565,882	27,485,358
Solar project management service provided by JinkoPower	20,842,153	23,266,889	9,442,936
Rental services provided by Jiangxi Desun	1,100,304	1,100,304	1,100,304
Electricity fee charged by JinkoPower	—	—	3,087,690
Construction service of solar project provided by JinkoPower	25,769,137	8,935,653	—

BORROWINGS - Type of short-term (Details)

Dec. 31, 2020

CNY (¥)

Dec. 31, 2019

CNY (¥)

Dec. 31, 2019

USD ($)

¥ 8,238,530,781

¥ 9,047,249,911

Credit Loans [Member]

Letter of Credit [Member]

^[1]

1,461,532,078

Revolving Loan Facility [Member]

^[1]

2,127,864,996

Guaranteed by JinkoSolar Holding [Member]

¥ 4,784,865

$ 685,884

Guaranteed by JinkoSolar Holding and Jiangxi Jinko [Member]

^[2]

936,088,260

Guaranteed by JinkoSolar Holding and Zhejiang Jinko [Member]

^[2]

210,000,000

Guaranteed by Jinkosolar Holding and Shareholders of the Group [Member]

^[2]

9,591,603

Guaranteed by Jiangxi Jinko [Member]

50,000,000

Guaranteed by Zhejiang Jinko [Member]

^[2]

159,631,579

Guaranteed by Zhejiang Jinko and shareholders of the Group (Member)

769,089,963

Guaranteed By Zhejiang Jinko And Jiangxi Heji (Member)

100,000,000

Guaranteed By Shareholders Of The Group (Member)

365,557,216

Financings Associated With Failed Sale Lease Back Transactions [Member]

150,000,000

Guaranteed and collateralized on buildings, equipment and other assets of the Group [Member]

491,348,271

^[3]

¥ 1,407,826,815

[1]	As of December 31, 2020, the Group had short-term bank borrowings of RMB1,461,532,078 credit loans and RMB2,127,864,996 letter of credit loan. The remaining short-term bank borrowings of RMB4,649,133,707 were either guaranteed by other parties and/or collateralized on the Group’s assets, detailed as following:
[2]	Borrowings of RMB936,088,260 guaranteed by JinkoSolar Holding, RMB210,000,000 guaranteed by JinkoSolar Holding and Jiangxi Jinko, RMB9,591,603 guaranteed by JinkoSolar Holding and Zhejiang Jinko, RMB50,000,000 guaranteed by Jinkosolar Holding and shareholders of the Group, RMB159,631,579 guaranteed by Jiangxi Jinko, RMB769,089,963 guaranteed by Zhejiang Jinko, RMB100,000,000 guaranteed by Zhejiang Jinko and shareholders of the Group, RMB365,557,216 guaranteed by Zhejiang Jinko and Jiangxi Heji Investment Co., Ltd., RMB150,000,000 guaranteed by shareholders of the Group, respectively.
[3]	Borrowings of RMB75,000,000 collateralized on the bank deposits of Zhejiang Jinko, RMB115,583,169 collateralized on the account receivables of the Group, RMB60,000,000 collateralized on the Group's certain inventory, RMB230,811,400 collateralized on the account receivables and inventories of JinkoSolar Japan, and RMB926,432,246 collateralized on the Group’s certain building and equipment, including RMB408,820,000 which were also collateralized on the Group’s certain land use rights, RMB35,000,000 were also collateralized on the Group’s certain inventory. In addition, included in these borrowings there were borrowings of RMB400,748,411 guaranteed by Jinkosolar Holding, RMB347,161,107 guaranteed by Jiangxi Jinko, RMB35,000,000 guaranteed by Jiangxi Jinko and Zhejiang Trading, RMB220,000,000 guaranteed by Zhejiang Jinko and shareholder of the Group, RMB250,000,000 guaranteed by shareholders of the Group.

REVENUES

12 Months Ended

Dec. 31, 2020

REVENUES

REVENUES

3. REVENUES

The Group’s revenues for the respective periods are detailed as follows:


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Sales of solar modules	23,887,476,533	28,344,380,913	32,556,394,365
Sales of solar projects	93,451,309	—	1,197,712,617
Sales of silicon wafers	567,241,687	913,702,864	452,141,442
Sales of solar cells	291,232,876	282,407,099	344,509,546
Sales of other solar materials	203,210,936	155,742,512	478,184,047
Revenue from generated electricity	—	50,054,371	100,516,599
Total	25,042,613,341	29,746,287,759	35,129,458,616

In March 2020, the Company sold two solar power plants in Mexico, that were constructed with an intent to sell, with a combined capacity of 155 MW to an independent third party, and recognized sales of solar projects with the amount of RMB1,197.7 million.

The following table summarizes the Group’s net revenues generated in respective region:


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Inside China (including Hong Kong and Taiwan)	6,610,688,059	5,195,021,423	6,370,974,981
North America	2,746,348,909	7,550,454,941	10,098,115,960
Europe	1,984,476,407	5,201,919,985	4,644,486,810
Asia Pacific	6,575,869,478	7,304,164,060	9,603,210,650
Rest of the world	7,125,230,488	4,494,727,350	4,412,670,215
Total	25,042,613,341	29,746,287,759	35,129,458,616

COMMITMENTS AND CONTINGENCIES (Contingencies and Guarantees) (Details) $ in Millions			1 Months Ended	9 Months Ended	12 Months Ended
	Sep. 03, 2020 EUR (€)	Jul. 03, 2020 EUR (€)	Jul. 31, 2019 EUR (€)	Sep. 30, 2020 CNY (¥)	Dec. 31, 2020 EUR (€)	Dec. 31, 2020 USD ($)
Contingencies [Line Items]
Litigation Settlement, Amount Awarded from Other Party				¥ 83,054,792	€ 750,000
Guarantor Obligations, Maximum Exposure, Undiscounted \| $						$ 42.9
Case Against Wuxi Zhongcai [Member]
Contingencies [Line Items]
Amount of claim		€ 2,812,000
Request for arbitration submitted by MFS
Contingencies [Line Items]
Amount of claim	€ 1,008,170.00
Jiangxi Jinko [Member]
Contingencies [Line Items]
Amount of claim			€ 1,965,170
JinkoSolar (Switzerland) AG ("Jinko Switzerland") [Member]
Contingencies [Line Items]
Amount of claim			€ 846,604.41

REVENUES (Revenues by Product) (Details)	1 Months Ended	12 Months Ended
REVENUES (Revenues by Product) (Details)	Mar. 31, 2020 CNY (¥) MWh	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Operating Revenue By Product Type [Line Items]
Revenues		¥ 35,129,458,616	$ 5,383,825,075	¥ 29,746,287,759	¥ 25,042,613,341
Sales of solar modules [Member]
Operating Revenue By Product Type [Line Items]
Revenues		32,556,394,365		28,344,380,913	23,887,476,533
Sales of solar Projects [Member]
Operating Revenue By Product Type [Line Items]
Revenues	¥ 1,197,700,000	1,197,712,617		0	93,451,309
Quantity of solar modules sold \| MWh	155
Sales of silicon wafers [Member]
Operating Revenue By Product Type [Line Items]
Revenues		452,141,442		913,702,864	567,241,687
Sales of solar cells [Member]
Operating Revenue By Product Type [Line Items]
Revenues		344,509,546		282,407,099	291,232,876
Generated Electricity [Member]
Operating Revenue By Product Type [Line Items]
Revenues		100,516,599		50,054,371	0
Other Solar Material [Member]
Operating Revenue By Product Type [Line Items]
Revenues		¥ 478,184,047		¥ 155,742,512	¥ 203,210,936

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

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Schedule of Long-term Purchase Commitment

LEASES (Details)	12 Months Ended
LEASES (Details)	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Residual value guarantee	false
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	3 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	20 years

LAND USE RIGHTS, NET

12 Months Ended

Dec. 31, 2020

LAND USE RIGHTS, NET

LAND USE RIGHTS, NET

15. LAND USE RIGHTS, NET

Land use rights represent fees paid to the government to obtain the rights to use certain lands over periods of 50 to 70 years, as applicable, in the PRC.


	As of December 31,
	2019	2020
	RMB	RMB
Land use rights	674,173,731	849,542,147
Less: accumulated amortization	(76,251,281)	(88,580,563)
Land use rights, net	597,922,450	760,961,584

Amortization expense was RMB11,042,735, RMB11,974,071 and RMB12,379,121 for the years ended December 31, 2018, 2019 and 2020, respectively. As of December 31, 2020, estimated amortization expense in each of the next five years is RMB15,966,414.

The Company disposed certain of its land use rights and recognized the gain of RMB315,735, nil and nil for the year ended 2018, 2019 and 2020, respectively.

As of December 31, 2019 and 2020, certain land use rights with net book value of RMB171,927,583 and RMB65,882,634 were pledged as collateral for the Company’s borrowings (Note 20).

As of December 31, 2019 and 2020, certain land use rights with net book value of RMB85,496,345 and RMB99,457,421 were pledged as collateral for the issuance of bank acceptance notes.

NOTES RECEIVABLE, NET - THIRD PARTIES (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2017 CNY (¥)
NOTES RECEIVABLE, NET-THIRD PARTIES
Notes receivable	¥ 1,051,743,491		¥ 1,529,800,657
Provision for notes receivable	(182,338)		0	¥ 0	¥ 0
Notes receivable, net	1,051,561,153	$ 161,158,797	1,529,800,657
Notes receivable pledged as collateral	¥ 221,391,816		¥ 819,481,928

RELATED PARTY TRANSACTIONS AND BALANCES - Transactions (Details)		1 Months Ended		12 Months Ended
	Mar. 30, 2021 CNY (¥)	Nov. 30, 2017 CNY (¥)	Nov. 30, 2017 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 EUR (€)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Related Party Transaction [Line Items]
Revenues from sales of products and provision of processing services to related party							¥ 47,388
Guarantor Obligations, Guarantee Fee Income Receivable				¥ 107,318,909	¥ 115,381,880
Guarantor Obligations, Carrying Value				57,331,674	72,019,365
Related Party Transaction, Other Revenues from Transactions with Related Party				14,687,691			26,229,524
Guarantor Obligations, Current Carrying Value				22,519,228	25,687,692			$ 3,451,223
Guarantor Obligations Proceeds Of Guarantee Fee				18,372,799	18,628,574		29,460,673
Payments for Other Fees				¥ 27,485,358	¥ 39,565,882		¥ 19,741,927
Payments Made in Advance related to Service Fee		¥ 76,356,466	$ 11,200,000
Proceeds from Sale of Equity Method Investments \| €						€ 2,636,291
Escrow Service Expenses				9,442,936	23,266,889		20,842,153
Lessor, Operating Lease, Term of Contract				10 years				10 years
Construction in progress				¥ 708,060,041	¥ 806,051,793
Due from related parties				75,930,094	91,416,575
Outstanding receivables settlement within 2020				¥ 410,358,136	520,503,579			$ 62,890,136
Minimum [Member]
Related Party Transaction [Line Items]
Amortization period for guarantee liability				1 year
Maximum [Member]
Related Party Transaction [Line Items]
Amortization period for guarantee liability				16 years
Jinko-Tiansheng [Member]
Related Party Transaction [Line Items]
Payments for Other Fees				¥ 27,485,358	39,565,882		¥ 19,741,927
Sweihan Pv [Member]
Related Party Transaction [Line Items]
Revenues from sales of products and provision of processing services to related party				51,201,037	144,287,938		1,416,020,214
ReneSola [Member]
Related Party Transaction [Line Items]
Revenues from sales of products and provision of processing services to related party				0	0		47,388
Jiangxi Desun Energy Co., Ltd. [Member]
Related Party Transaction [Line Items]
Rental expenses from related parties				1,100,304	1,100,304		1,100,304
Guarantor Obligations, Current Carrying Value				2,320,000,000				$ 355,400,000
Jinko Power Group [Member]
Related Party Transaction [Line Items]
Revenues from sales of products and provision of processing services to related party				5,072,143	7,812,477		38,895,833
Related Party Transaction, Other Revenues from Transactions with Related Party					18,574,433
Revenue from Rental Services				2,177,280	2,177,280		2,177,280
Jinko Power
Related Party Transaction [Line Items]
Notes receivable				33,001,402	18,628,574
Loan deposit amount				17,700,000	17,700,000
Due from related parties				377,000,000	484,000,000
Due from related parties over due over one year				300,000,000	418,000,000
Interest on overdue receivable from related parties				0
Electricity fee charged by related party				¥ 3,087,690	¥ 0		¥ 0
Jinko Power \| Subsequent Event [Member]
Related Party Transaction [Line Items]
Amount of offset the debts and receivables	¥ 71,000,000.0

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2020

COMMITMENTS AND CONTINGENCIES


Year ending December 31,		RMB
2021		3,239,195,468
2022		386,191,278
Total		3,625,386,746

OTHER ASSETS - THIRD PARTIES - Summary of activity in allowance for credit losses related to deposits (Details)	12 Months Ended
	Dec. 31, 2020 CNY (¥)
OTHER ASSETS - THIRD PARTIES
Impact of addopting ASC Topic 326	¥ 5,065,000
Reversal	(4,215,907)
At end of year	¥ 849,093

RESTRICTED NET ASSETS (Details)	Dec. 31, 2020 CNY (¥)
RESTRICTED NET ASSETS
Restricted net assets	¥ 11,908,223,974
Percentage of total assets	92.00%

PROPERTY, PLANT AND EQUIPMENT, NET (Details)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT, NET (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Property, Plant and Equipment [Line Items]
Property and equipment	¥ 15,611,103,021		¥ 12,899,352,492
Less: Accumulated depreciation	(3,863,719,503)		(3,497,199,736)
Subtotal	11,747,383,518		9,402,152,756
Construction in progress	708,060,041		806,051,793
Net Value	12,455,443,559		10,208,204,549		$ 1,908,880,239
Depreciation of property, plant and equipment	1,160,851,059	$ 177,908,208	737,584,653	¥ 802,022,200
Receivables Related To Disposal Of Property, Plant And Equipment	609,563,969		269,221,102	198,818,135
Gain (Loss) on Disposition of Property Plant Equipment	428,115,147	$ 65,611,517	67,953,732	48,168,035
Property, plant and equipment impairment	20,387,207		68,262,038	¥ 14,548,043
Pledged property, plant and equipment	3,257,095,969		2,158,435,628
Pledged property, plant and equipment as collateral	340,891,652		556,890,574
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	4,396,121,001		3,567,558,224
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	10,322,000,488		8,785,627,088
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	58,256,515		45,116,481
Furniture, fixture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	¥ 834,725,017		¥ 501,050,699

CERTAIN RISKS AND CONCENTRATION - Schedule of Major Customers (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk percentage	10.00%	10.00%
Sales Revenue, Goods, Net [Member]
Concentration Risk [Line Items]
Concentration risk percentage	5.30%	10.90%	7.20%

INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2020

INTANGIBLE ASSETS, NET

Schedule of Intangible Assets


	As of December 31,
	2019	2020
	RMB	RMB
Trademark	4,653,340	1,581,860
Computer software	53,975,740	63,945,339
Less: accumulated amortization	(22,234,024)	(29,689,551)
Intangible assets, net	36,395,056	35,837,648

PRINCIPAL ACCOUNTING POLICIES (Narrative) (Details)		9 Months Ended	12 Months Ended
PRINCIPAL ACCOUNTING POLICIES (Narrative) (Details)	Jan. 01, 2018 USD ($)	Sep. 30, 2020 CNY (¥)	Dec. 31, 2020 EUR (€) segment	Dec. 31, 2020 CNY (¥) segment	Dec. 31, 2020 USD ($) segment	Dec. 31, 2019 CNY (¥) Plant	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)	Jan. 01, 2020 CNY (¥)	Nov. 30, 2019 Plant
Foreign currency translation
Cash, cash equivalents, and restricted cash				¥ 11,149,100,000		¥ 10,387,200,000
Current expected credit losses
Retained earnings				4,216,350,412		3,981,660,004		$ 646,183,971
Expected credit loss provision				14,086,414	$ 2,158,837	61,591,999	¥ (8,051,386)
Expected credit loss provision, current				293,359,875		318,197,517
Expected credit loss provision, non-current assets				1,138,553		0
Short-term and long-term advances to suppliers
Provision for advance to suppliers				0		0	0
Provision for loss on long-term contracts				0		0	0
Interest Capitalization
Interest Expense				705,158,872		605,882,474	429,347,129
Interest and Other Income				¥ 216,618,294		¥ 170,984,099	83,461,323
Assets Held For Sale
Number of solar power plants held for sale \| Plant						2				2
Project assets
Project assets, useful life			20 years	20 years	20 years
Revenue recognition
Number of Operating Segments \| segment			1	1	1
Retainage				¥ 26,758,010		¥ 55,582,550	63,243,490
Retain percentage, minimum			5.00%	5.00%	5.00%
Retain percentage, maximum			10.00%	10.00%	10.00%
Warranty cost
Product defect, minimum warranty			5 years	5 years	5 years
Product defect, maximum warranty			10 years	10 years	10 years
Product decline, minimum warranty			10 years	10 years	10 years
Product decline, maximum warranty			25 years	25 years	25 years
Warranty cost expenses				¥ 363,159,029		303,652,391	278,417,311
Utilization of warranty accruals				¥ 98,525,648		85,035,667	102,600,327
Amount compensated by the supplier		¥ 83,054,792	€ 750,000
Product decline, minimum percentage			10.00%	10.00%	10.00%
Product decline, maximum percentage			20.00%	20.00%	20.00%
Product failure rate over warranty period			1.00%	1.00%	1.00%
Past years matching actual claims with expected estimates.			2 years	2 years	2 years
Government grants
Subsidy income				¥ 191,980,690	$ 29,422,328	63,016,966	52,176,462
Government grants related to assets				20,000,000		24,889,754	8,102,911
Appropriation to statutory reserves				¥ 0		0	0
Convenience translation
Exchange rate				6.5250				6.5250
Standard and Extended Product Warranty Accrual				¥ 123,942,984		123,853,626	162,447,593
Capitalized Contract Cost, Net \| $								$ 0
Revenue, Practical Expedient, Financing Component [true false]			true	true	true
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Other Information			Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.	Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.	Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.
Unrecognized Tax Benefits				¥ 0		0
Appropriations to Free Reserves Percentage			10.00%	10.00%	10.00%
Revenue, Performance Obligation, Description of Payment Terms			customers to make full payment within 90 days and our domestic customers to make 90% to 95% of payment within 180 days after delivery and the rest will be paid when the Retainage Period (as defined below) ends	customers to make full payment within 90 days and our domestic customers to make 90% to 95% of payment within 180 days after delivery and the rest will be paid when the Retainage Period (as defined below) ends	customers to make full payment within 90 days and our domestic customers to make 90% to 95% of payment within 180 days after delivery and the rest will be paid when the Retainage Period (as defined below) ends
Operating Lease, Right-of-Use Asset				¥ 316,512,346		317,903,640		48,507,639
Operating Lease, Liability				325,483,123		319,577,483
Finance Lease, Right-of-Use Asset				829,122,192		1,259,713,215		127,068,535
Long-term borrowings				(7,301,535,829)		(1,586,187,165)		(1,119,009,322)
Other payables and accruals				(3,408,395,342)		(3,055,929,756)		$ (522,359,435)
ASC 606 [Member]
Revenue recognition
Retainage				28,824,540		7,660,940	26,604,993
ASC 606 [Member] \| Adjustment
Convenience translation
Retained Earnings (Accumulated Deficit) \| $	$ 0
ASU No. 2016-13
Current expected credit losses
Retained earnings									¥ 6,600,000
Allowance for accounts receivables-third parties									30,900,000
Allowance for accounts receivables- related parties									15,000,000.0
Allowance for other receivables and other current/non-current assets									9,300,000
Expected credit loss provision				14,086,414
Expected credit loss provision, current				323,688,768					306,525,000
Expected credit loss provision, non-current assets				1,987,646					¥ 5,065,000
Electricity [Member]
Cost of revenue
Cost of electricity sales				40,400,000		19,400,000	0
Shipping and Handling [Member]
Cost of revenue
Cost of electricity sales				¥ 1,631,219,134		1,489,639,843	1,005,186,974
Minimum [Member]
Project assets
Lessee, Operating Lease, Term of Contract				3 years				3 years
Revenue recognition
Contract Receivable Retainage Period			1 year	1 year	1 year
Convenience translation
Percentage of Revenue Recognized	90.00%
Maximum [Member]
Project assets
Lessee, Operating Lease, Term of Contract				20 years				20 years
Revenue recognition
Contract Receivable Retainage Period			2 years	2 years	2 years
Convenience translation
Percentage of Revenue Recognized	95.00%
Construction Projects Of Continuing Operation [Member]
Interest Capitalization
Interest capitalized				¥ 29,306,768		43,841,311	51,243,764
Statutory reserves [Member]
Government grants
Appropriation to statutory reserves				¥ 2,301,771		¥ 119,530,534	¥ 53,290,350
Buildings [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			20 years	20 years	20 years
Machinery and equipment [Member] \| Minimum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			5 years	5 years	5 years
Machinery and equipment [Member] \| Maximum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			10 years	10 years	10 years
Furniture, fixture and office equipment [Member] \| Minimum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			3 years	3 years	3 years
Furniture, fixture and office equipment [Member] \| Maximum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			5 years	5 years	5 years
Motor vehicles [Member] \| Minimum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			4 years	4 years	4 years
Motor vehicles [Member] \| Maximum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			5 years	5 years	5 years
Land use rights [Member]
Project assets
Intangible asset, useful life, minimum			50 years	50 years	50 years
Intangible asset, useful life, maximum			70 years	70 years	70 years
Purchased software and trademark registration fees [Member]
Project assets
Intangible asset, useful life, minimum			5 years	5 years	5 years
Intangible asset, useful life, maximum			10 years	10 years	10 years

EQUITY FINANCING IN JIANGXI JINKO (Details)	1 Months Ended		12 Months Ended
EQUITY FINANCING IN JIANGXI JINKO (Details)	Oct. 31, 2020 CNY (¥)	Oct. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Business Acquisition [Line Items]
Cash received from, net of cash disposed of, disposal of subsidiaries			¥ 48,078,440	$ 7,368,345	¥ 198,291,138	¥ 11,760,083
Contribution from non-controlling interest			865,000,000		¥ 2,595,780,000	¥ 615,000,000
JinkoSolar International Development Limited [Member]
Business Acquisition [Line Items]
Cash received from, net of cash disposed of, disposal of subsidiaries	¥ 3,100,000,000	$ 461,200,000
Contribution from non-controlling interest			¥ 139,900,000
Jiangxi Jinko [Member]
Business Acquisition [Line Items]
Percentage of ownership	73.30%	73.30%
Jiangxi Jinko [Member] \| JinkoSolar International Development Limited [Member]
Business Acquisition [Line Items]
Percentage of ownership	26.70%	26.70%

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2020

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

31. FAIR VALUE MEASUREMENTS

A hierarchy is established for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability, developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. As such, fair value is a market-based measure considered from the perspective of a market participant who holds the asset or owes the liability rather than an entity-specific measure. The hierarchy is broken down into three levels based on the reliability of inputs as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs other than the quoted price in active markets that are observable either directly or indirectly, or quoted prices in less active markets; and (Level 3) unobservable inputs with respect to which there is little or no market data, which require the Company to develop its own assumptions. Fair value of cash equivalents, restricted cash and restricted short-term investment are categorized as level 1 under the fair value hierarchy, as they based on quoted prices in active markets. Short-term borrowings and long-term borrowing are categorized as level 2 under the fair value hierarchy, as they based on quoted prices in less active markets.

Fair value change in forward contracts and foreign exchange options

The Company has entered into foreign exchange forward contracts with local banks to reduce the exposure of significant changes in exchange rates between Renminbi and foreign currencies. Authoritative guidance requires companies to recognize all of the derivative financial instruments as either assets or liabilities at fair value in the consolidated balance sheets based upon quoted market prices for comparable instruments. The Company’s forward contracts have not met the criteria for hedge accounting within authoritative guidance. Therefore, the foreign exchange forward contracts have been recorded at fair value, with the gain or loss on these transactions recorded in the consolidated statements of operations within "Change in fair value of foreign exchange forward contracts" in the period in which they occur. The Company does not use derivative financial instruments for trading or speculative purposes. The Company held foreign exchange forward contracts with a total notional value of USD848 million and USD800 million, nil and EUR100 million as of December 31, 2019 and 2020, respectively. These foreign exchange forward contracts mature within 12 months. The Company used a discounted cash-flow methodology to measure fair value, which requires inputs such as interest yield curves and foreign exchange rates. The significant inputs used in the aforementioned model can be corroborated with market observable data and therefore the fair value measurements are classified as level 2. Typically, any losses or gains on the forward exchange contracts are offset by re-measurement losses or gains on the underlying balances denominated in non-functional currencies. The Company’s foreign currency exchange contract is an over-the-counter instrument. The Company recorded gain from change in fair value of foreign exchange forward contracts of RMB191.2 million during the year of 2020, compared to losses of RMB78.3 million in the year of 2019. The change was primarily due to the depreciation of the U.S. dollars against the RMB during the year of 2020.

The Group classified the cash flows related to realized gain or loss on settlement of foreign exchange forward contracts as operating activities, which are based on the nature of the cash flows the derivative is economically hedging.

The Company purchased foreign exchange option contracts with a total notional value of USD167.0 million and nil during the years ended December 31, 2018 and 2019. And the company sold foreign exchange option contracts with a total notional value of USD170.0 million during the year ended December 31, 2020.These foreign exchange options mature within 12 months. The Company adopted the Black-Scholes Option Pricing (“B-S”) Model to value the foreign exchange options. The significant inputs used in the aforementioned model are unobservable inputs which there are little or no market data and therefore the fair value measurements are classified as level 3.

The foreign exchange option are derivatives which need to be fair valued on day one and marked to market subsequently at each reporting period end. The fair value gain or loss arising from the re-measurement is recognised in the consolidated statements of operations and comprehensive income. The fair value change was a loss of RMB9,720,182, RMB330,706 and RMB3,607,817 for the year ended December 31, 2018, 2019 and 2020.

Convertible Senior Notes and Call Option

The Company has adopted valuation models to assess the fair value for Call option and the Notes, as the Call option is not publicly traded and the trading of the Notes is considered inactive. Management is responsible for determining these fair values and assessing a number of factors. The Notes is valued using the Binominal Tree option pricing model. The valuation involves complex and subjective judgments as well as the Company's best estimates on the valuation date. Inputs related to the Binomial models for convertible debt fair value are: spot price, conversion price, expected dividend yield, expected share volatility, risk free interest rate, and yield-to-maturity, of which spot price and expected share volatility are most significant to valuation determination of convertible debt. The Call option is valued using the Black-Scholes Model. The valuation involves complex and subjective judgments as well as the Company's best estimates on the valuation date. Inputs related to the Black-Scholes Models for call option fair value are: call option price, spot price, exercise price, expected dividend yield, risk-free interest rate and time to maturity, of which spot price and exercise price are most significant to valuation determination of call option. The Company recorded losses from change in fair value of convertible senior notes and call option of RMB725.8 million during the year of 2020, compared to losses of RMB29.3 million in the year of 2019. The change was primarily due to an increase in the Company’s stock price in 2020.

Interest Rate Swap

The Company’s exposure to the risk of changes in market interest rates primarily relates to its bank borrowings. To finance its overseas power station business operation and expansion, the Company’s operating subsidiaries located in Mexico will obtain long-term bank borrowings from local bank, which carries variable interest rates. With an aim to reduce its interest rate exposure, the Company entered into one long-term interest rate swap contract in 2016 to fix the interest rate as a fixed rate payer. The interest rate swap is a derivative which needs to be fair valued at each reporting period end. The fair value gain or loss arising from the remeasurement is recognized in the consolidated statements of operations and comprehensive income. As of December 31, 2019 and 2020, the fair value of the interest rate swap was RMB61,271,965 and nil, respectively, which was recorded as a derivative liability in the line item of held-for-sale liabilities as of December 31, 2019. The fair value change was a gain of RMB9,701,051, a loss of RMB69,974,512 and a loss of RMB78,878,089 for the years ended December 31, 2018, 2019 and 2020, respectively.

Guarantee liability

A guarantee liability is initially recognized at the estimated fair value in the Group’s consolidated balance sheets unless it becomes probable that the Group will reimburse the holder of the guarantee for an amount higher than the carrying amount, in which case the guarantee is carried in the Group’s consolidated balance sheets at the expected amount payable to the holder. The fair value of the guarantee liability is measured by the total consideration to be received in connection with the provision of guarantee. The guarantee liability would be amortized in straight line during the guarantee period.

Recurring change in fair value

As of December 31, 2019 and 2020, information about the hierarchy of the fair value measurements for the Company’s assets and liabilities that are measured at fair value on a recurring basis subsequent to their initial recognition is as follows:


	Fair Value Measurements at Reporting Date Using
		Quote prices in
	Balance as of	active market	Significant other	Significant
	December 31,	for identical	observable	unobservable
Description	2019	assets (Level 1)	inputs (Level 2)	inputs (Level 3)
Assets:
Foreign exchange forward contracts- receivable	52,281,183	—	52,281,183	—
Call options	294,177,634	—	—	294,177,634

Liabilities:
Convertible senior notes	728,215,869	—	—	728,215,869
Guarantee liabilities	72,019,365	—	—	72,019,365
Foreign exchange forward contracts- payable	3,856,561	—	3,856,561	—
Derivative liability interest rate swap	61,271,965	—	—	61,271,965


	Fair Value Measurements at Reporting Date Using
		Quote prices in
	Balance as of	active market	Significant other	Significant
	December 31,	for identical	observable	unobservable
Description	2020	assets (Level 1)	inputs (Level 2)	inputs (Level 3)
Assets:
Foreign exchange forward contracts- receivable	183,146,199	—	183,146,199	—
Call options	756,929,181	—	—	756,929,181

Liabilities:
Convertible senior notes	1,831,612,124	—	—	1,831,612,124
Guarantee liabilities	57,331,674	—	—	57,331,674
Foreign exchange forward contracts- payable	4,970,902	—	4,970,902	—
Foreign exchange options	12,923,817	—	—	12,923,817

Assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3 valuation)

A summary of changes in Level 3 fair value of convertible senior notes for the year ended December 31, 2018, 2019 and 2020 were as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	65,342	68,632	728,215,869
Issuance of convertible senior notes	—	585,301,500	—
Foreign exchange (gain)/loss	3,290	7,675,500	(38,359,987)
Change in fair value of convertible senior notes	—	114,149,092	1,202,082,070
Change in the instrument-specific credit risk	—	21,089,777	(60,325,828)
Repurchase of convertible senior notes	—	(68,632)	—
Balance at December 31,	68,632	728,215,869	1,831,612,124

A summary of changes in Level 3 fair value of call option for the year ended December 31, 2018, 2019 and 2020 were as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	—	—	294,177,634
Issuance of call options	—	206,577,000	—
Foreign exchange (gain)/loss	—	2,709,000	(13,539,000)
Change in fair value of call options	—	84,891,634	476,290,547
Balance at December 31,	—	294,177,634	756,929,181

A summary of changes in Level 3 fair value of foreign exchange options for the year ended December 31, 2018, 2019 and 2020 were as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	—	846,718	—
Addition of foreign exchange options	10,566,900	—	(9,316,000)
Cash Settlement	—	(516,012)	—
Change in fair value of foreign exchange options	(9,720,182)	(330,706)	(3,607,817)
Balance at December 31,	846,718	—	(12,923,817)

A summary of changes in Level 3 fair value of rate swap derivative for the year ended December 31, 2018, 2019 and 2020 were as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	26,486,388	12,786,001	61,271,965
Change in fair value of interest rate swap	(9,701,051)	69,974,512	78,878,089
Cash settlement	(3,999,336)	(21,488,548)	(140,150,054)
Balance at December 31,	12,786,001	61,271,965	—

A summary of changes in Level 3 fair value of guarantee liabilities for the year ended December 31, 2018, 2019 and 2020 were as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Balance at January 1,	148,187,615	92,404,068	72,019,365
Additions	1,425,026	2,164,200	—
Amortization	(28,243,063)	(18,574,433)	(14,687,691)
Cancellation	(28,965,510)	(3,974,470)	—
Balance at December 31,	92,404,068	72,019,365	57,331,674

Change in fair value of derivatives

The Change in fair value of derivatives recognized in earnings was as follows:


	Foreign exchange forward		Type of derivatives
For the year ended	contracts		Convertible	Interest		Warrant	Foreign exchange
December 31,	Realized	Unrealized	senior notes	Rate swap	Call option	liability	options	Total
(In RMB)
2018	(42,614,340)	(1,475,360)	—	9,701,051	—	—	(9,720,182)	(44,108,831)
2019	(126,708,753)	48,425,227	(114,149,092)	(69,974,512)	84,891,634		(330,706)	(177,846,202)
2020	61,379,585	129,806,218	(1,202,082,070)	(78,878,089)	476,290,547		(3,607,817)	(617,091,626)

Significant unobservable inputs

The significant unobservable inputs adopted in the valuation of Level 3 instruments as of December 31, 2020 are as follows:


Unobservable inputs of convertible senior notes
Expected volatility	75.16	%
Risk free interest rate	0.23	%
Discount rate	26.55	%


Unobservable input of call option
Spot price		61.87


Unobservable inputs of foreign exchange option
Expected volatility	7.14	%
Risk free interest rate	0.09%~2.45	%


Unobservable input of guarantee liabilities
Discount rate	5.39	%

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

EQUITY FINANCING IN JIANGXI JINKO

CONSOLIDATED STATEMENTS OF OPERATIONS	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS	Dec. 31, 2020 CNY (¥) ¥ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 CNY (¥) ¥ / shares shares	Dec. 31, 2018 CNY (¥) ¥ / shares shares
Total revenues	¥ 35,129,458,616	$ 5,383,825,075	¥ 29,746,287,759	¥ 25,042,613,341
Cost of revenues	(28,957,798,084)	(4,437,976,718)	(24,314,602,138)	(21,528,868,419)
Gross profit	6,171,660,532	945,848,357	5,431,685,621	3,513,744,922
Selling and marketing	(2,473,982,242)	(379,154,367)	(2,250,335,913)	(1,708,270,457)
General and administrative	(1,409,371,207)	(215,995,587)	(1,059,026,633)	(779,423,027)
Impairment of long-lived assets	(114,167,665)	(17,496,960)	(68,262,038)	(14,548,043)
Research and development	(389,192,056)	(59,646,292)	(324,434,526)	(366,576,571)
Total operating expenses	(4,386,713,170)	(672,293,206)	(3,702,059,110)	(2,868,818,098)
Income from operations	1,784,947,362	273,555,151	1,729,626,511	644,926,824
Interest expenses, net	(459,233,810)	(70,380,661)	(391,582,064)	(295,692,041)
Subsidy income	191,980,690	29,422,328	63,016,966	52,176,462
Exchange gain/(loss) , net	(336,522,915)	(51,574,393)	8,808,559	33,681,095
Other income, net	2,292,191	351,294	17,873,433	25,817,059
Gain/(loss) on disposal of subsidiaries	0	0	19,935,109	(9,425,365)
Convertible senior notes issuance costs	0	0	(18,646,101)	0
Income before income taxes	566,371,892	86,800,290	1,251,186,211	407,375,203
Income tax expenses	(178,410,780)	(27,342,648)	(277,979,001)	(4,409,523)
Equity in income/(loss) of affiliated companies	(52,705,838)	(8,077,523)	(48,854,715)	2,609,853
Net income	335,255,274	51,380,119	924,352,495	405,575,533
Less: Net income/(loss) attributable to the non-controlling interests	104,870,621	16,072,126	25,690,269	(903,161)
Net income/(loss) attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	¥ 230,384,653	$ 35,307,993	¥ 898,662,226	¥ 406,478,694
Net income/(loss) attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders per share -
Basic \| (per share)	¥ 1.29	$ 0.20	¥ 5.31	¥ 2.64
Diluted \| (per share)	(1.36)	(0.21)	4.85	2.63
Net income/(loss) attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders per ADS-
Basic \| (per share)	¥ 5.15	$ 0.79	¥ 21.22	¥ 10.56
Diluted	(5.42)	(0.83)	19.40	10.52
Weighted average ordinary shares outstanding
Basic	178,938,853	178,938,853	169,363,306	153,806,379
Diluted	171,438,853	171,438,853	166,567,757	154,704,166
Number of ordinary shares per ADS	4	4
Interest Rate Swap [Member]
Change in fair value of foreign exchange forward contracts	¥ (78,878,089)	$ (12,088,596)	¥ (69,974,512)	¥ 9,701,051
Foreign Exchange Forward Contract [Member]
Change in fair value of foreign exchange forward contracts	191,185,803	29,300,506	(78,283,526)	(44,089,700)
Third Party [Member]
Total revenues	35,067,287,007	5,374,296,859	29,592,010,063	23,586,834,523
Related Party [Member]
Total revenues	62,171,609	9,528,216	154,277,696	1,455,778,818
Convertible Senior Notes and Call Options [Member]
Change in fair value of foreign exchange forward contracts	(725,791,523)	(111,232,417)	(29,257,458)
Foreign exchange option
Change in fair value of foreign exchange forward contracts	¥ (3,607,817)	$ (552,922)	¥ (330,706)	¥ (9,720,182)

RESTRICTED NET ASSETS

12 Months Ended

Dec. 31, 2020

RESTRICTED NET ASSETS

RESTRICTED NET ASSETS

32. RESTRICTED NET ASSETS

Relevant PRC laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of their retained earnings, if any, as determined in accordance with PRC GAAP. In addition, the statutory general reserve fund requires annual appropriations of 10% of net after-tax income to be set aside prior to payment of any dividends by the Company’s PRC subsidiaries that are registered as wholly owned foreign investment enterprises or domestic enterprises. As a result of these and other restrictions under PRC laws and regulations, the PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the Company either in the form of dividends, loans or advances. Even though the Company does not currently require any such dividends, loans or advances from the Company’s PRC subsidiaries for working capital or other funding purposes, it may in the future require additional cash resources from the PRC subsidiaries due to changes in business conditions, to fund future acquisitions and development, or merely declare dividends or make distributions to the Company’s shareholders.

Restricted net assets were RMB11,908,223,974 representing 92% of the Company’s total consolidated net assets as of December 31, 2020.

EQUITY FINANCING IN JIANGXI JINKO

12 Months Ended

Dec. 31, 2020

EQUITY FINANCING IN JIANGXI JINKO

26. EQUITY FINANCING IN JIANGXI JINKO

In October 2020, Jiangxi Jinko, principal operating subsidiary of the Group, completed an RMB3.10 billion (approximately USD461.2 million) equity financing. Immediately after the closing, third-party investors together with the Company's principal shareholders and senior management personnel, directly or through their investment arms, collectively own approximately a 26.7% equity interest in Jiangxi Jinko and the Company owns 73.3% equity interest in Jiangxi Jinko.

Pursuant to the equity financing agreements, third-party investors have the option to require the Company’s principal shareholders (Mr. Xiande Li, Mr. Kangping Chen and Mr. Xianhua Li) to repurchase their equity interests in Jiangxi Jinko upon the occurrence of certain events. Considering these rights of third-party investors solely against the Company’s principal shareholders and did not change the rights attached to the Jiangxi Jinko’s ordinary shares, the equity financing in Jiangxi Jinko is not mandatorily nor contingently redeemable against Jiangxi Jinko or the Group, and therefore, the equity financing was classified as noncontrolling interest in the Company’s consolidated financial statements.

Given the Group may not have been able to consummate the equity financing without the rights provided by the Company’s principal shareholders, values of the rights provided by the Company’s principal shareholders are deemed as shareholder contributions from the principal shareholders to the Company. Since the contributions from the Company’s principal shareholders incurred directly attributable to Jiangxi Jinko’s equity financing, the contributions were treated as issuance cost of the equity financing and was recorded as a reduction of noncontrolling interest with a credit of additional paid-in capital. Fair value of the rights provided by the Company’s principal shareholders approximated RMB139.9 million.

INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2020

INVENTORIES

Schedule of Inventories


	As of December 31,
	2019	2020
	RMB	RMB
Raw materials	1,350,518,751	2,362,396,325
Work-in-progress	792,495,823	1,059,864,518
Finished goods	3,675,774,411	4,954,674,986
Total	5,818,788,985	8,376,935,829

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Condensed Cash Flows) (Details)	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 USD ($)
Cash flows from operating activities:
Net income	¥ 335,255,274	$ 51,380,119	¥ 924,352,495	¥ 405,575,533
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Issuance cost paid for issuance of convertible senior notes	0	0	18,646,101	0
Share of income from subsidiaries	52,705,838	8,077,523	48,854,715	(2,609,853)
Exchange (gain)/loss	336,522,915	51,574,393	(8,808,559)	(33,681,095)
Changes in operating assets and liabilities:
(Increase)/decrease in other current assets	(1,112,028,646)	(170,425,846)	57,559,179	(294,208,927)
Net cash provided by operating activities	591,486,340	90,649,247	1,410,642,923	614,545,806
Cash flows from investing activities:
Net cash used in investing activities	(4,918,689,701)	(753,822,176)	(6,025,288,715)	(3,934,825,126)
Cash flows from financing activities:
Proceeds from exercise of share options	114,758,281	17,587,476	38,245,122	44,275,858
Repurchase of convertible senior notes			(68,632)
Issuance cost paid for issuance of convertible senior notes			(18,646,101)
Net cash used in financing activities	6,297,278,555	965,100,162	7,381,818,013	3,972,608,274
Effect of foreign exchange rate changes on cash and cash equivalents	(169,261,838)	(25,940,512)	24,758,635	68,323,815
Net increase/(decrease) in cash and cash equivalents	1,800,813,356	275,986,721	2,791,930,856	720,652,769
Cash, cash equivalents, and restricted cash, beginning of the year	6,273,958,429	961,526,196	3,482,027,573	2,761,374,804
Cash, cash equivalents, and restricted cash, end of the year (Note 2(d))	8,074,771,785	1,237,512,917	6,273,958,429	3,482,027,573
Supplemental disclosure of non-cash investing and financing cash flow information
Proceeds from exercise of share options received in subsequent period	9,142,819	1,401,198	40,338,943
Receivables related to At-The-Market offering	641,065,394				$ 98,247,570
Reportable Legal Entities [Member] \| Parent Company [Member]
Cash flows from operating activities:
Net income	230,384,653	35,307,993	898,662,226	406,478,694
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Issuance cost paid for issuance of convertible senior notes			18,646,101
Share of income from subsidiaries	(1,015,006,438)	(155,556,542)	(911,593,940)	(348,543,952)
Guarantee income	(5,063,775)	(776,057)	(8,922,475)	(6,249,651)
Exchange (gain)/loss	73,717,931	11,297,767	(17,153,258)	(53,953,395)
Changes in operating assets and liabilities:
(Increase)/decrease in due from subsidiaries	592,424,888	90,793,086	(871,067,726)	(1,895,298,545)
(Increase)/decrease in other current assets	(9,437,209)	(1,446,316)	(110,110)	200,153
Increase/(decrease) in due to subsidiaries	(658,106,245)	(100,859,194)	(14,890,886)	1,177,359,405
Increase/(decrease) in other current liabilities	9,772,273	1,497,666	1,096,958	(166,056)
Net cash provided by operating activities	(55,522,399)	(8,509,180)	(876,075,652)	(720,173,347)
Cash flows from investing activities:
Cash paid for call option			(216,905,850)
Net cash used in investing activities			(216,905,850)
Cash flows from financing activities:
Proceeds from exercise of share options	114,758,281	17,587,476	38,245,122	44,278,857
Repurchase of convertible senior notes			(68,632)
Proceeds from issuance of convertible senior notes			585,301,500
Proceeds from issuance of ordinary shares			488,950,795	663,232,926
Repurchase of shares	(29,294,325)	(4,489,552)
Issuance cost paid for issuance of convertible senior notes			(18,646,101)
Net cash used in financing activities	85,463,956	13,097,924	1,093,782,684	707,511,783
Effect of foreign exchange rate changes on cash and cash equivalents	(14,991,165)	(2,297,496)	245,789	464,662
Net increase/(decrease) in cash and cash equivalents	14,950,392	2,291,248	1,046,971	(12,196,902)
Cash, cash equivalents, and restricted cash, beginning of the year	4,556,832	698,365	3,509,861	15,706,763
Cash, cash equivalents, and restricted cash, end of the year (Note 2(d))	19,507,224	2,989,613	4,556,832	¥ 3,509,861
Supplemental disclosure of non-cash investing and financing cash flow information
Proceeds from exercise of share options received in subsequent period	9,142,819	1,401,198	40,338,943
Receivables related to At-The-Market offering	641,065,394				$ 98,247,570
Reportable Legal Entities [Member] \| Parent Company [Member] \| Call Options [Member]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value	(476,290,547)	(72,994,720)	(84,891,634)
Reportable Legal Entities [Member] \| Parent Company [Member] \| 2016 Notes [Member]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Issuance cost paid for issuance of convertible senior notes			18,646,101
Change in fair value	¥ 1,202,082,070	$ 184,227,137	¥ 114,149,092

PROJECT ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2020

PROJECT ASSETS, NET

Schedule of project assets and related accumulated depreciation


	As of December 31,
	2019	2020
	RMB	RMB
Completed	747,152,262	724,335,851
Under construction	77,241,880	—
	824,394,142	724,335,851
Less: Accumulated depreciation	(26,151,013)	(78,981,128)
Project Assets, net	798,243,129	645,354,723

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Condensed Balance Sheets) (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Current assets:
Cash and cash equivalent	¥ 7,481,678,114	$ 1,146,617,335	¥ 5,653,853,691
Due from subsidiaries	410,358,136	62,890,136	520,503,579
Due from related parties	75,930,094		91,416,575
Other current assets	3,020,592,138	462,925,998	1,573,481,940
Total current assets	33,682,131,475	5,162,012,485	31,688,246,703
Non-current assets:
Call Option	756,929,181	116,004,472	294,177,634
Other non-current assets	1,777,798,867	272,459,596	1,466,692,145
Total assets	53,232,374,870	8,158,218,367	47,844,717,353
Current liabilities:
Due to subsidiaries	14,113,577	2,163,000	36,309,710
Due to related parties	0	0	748,615
Convertible senior notes-current	1,831,612,124	280,706,839
Total current liabilities	31,216,795,621	4,784,183,232	31,277,229,167
Convertible senior notes	0	0	728,215,869
Total liabilities	40,241,612,887	6,167,296,990	35,403,690,828
Shareholders' equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 180,653,497 and 190,380,309 shares issued as of December 31, 2019 and December 31, 2020, respectively,178,930,297 and 187,434,469 shares outstanding as of December 31, 2019 and December 31, 2020, respectively.)	26,052	3,993	24,767
Additional paid-in capital	5,251,244,630	804,788,449	4,582,849,862
Accumulated other comprehensive income	(128,615,450)	(19,711,180)	62,952,198
Treasury stock, at cost; 1,723,200 and 2,945,840 ordinary shares as of December 31, 2019 and December 31, 2020, respectively.	(43,169,878)	(6,616,073)	(13,875,553)
Total shareholders' equity	9,987,844,274	1,530,704,104	9,303,318,015
Total liabilities and shareholders' equity	53,232,374,870	8,158,218,367	47,844,717,353
Reportable Legal Entities [Member] \| Parent Company [Member]
Current assets:
Cash and cash equivalent	19,507,224	2,989,613	4,556,832
Due from subsidiaries	2,773,032,001	424,985,747	3,427,985,887
Due from related parties	6,098,994	934,712	16,791,784
Other current assets	650,764,989	99,734,098	40,601,328
Total current assets	3,449,403,208	528,644,170	3,489,935,831
Non-current assets:
Investments in subsidiaries	9,029,027,056	1,383,758,936	7,775,688,241
Due from related parties - non current	44,539,659	6,826,001	48,471,930
Call Option	756,929,181	116,004,472	294,177,634
Other non-current assets	11,180,965	1,713,558	11,961,460
Total assets	13,291,080,069	2,036,947,137	11,620,235,096
Current liabilities:
Due to subsidiaries	1,445,300,432	221,501,982	1,564,636,609
Due to related parties	2,780,831	426,181	3,061,179
Other current liabilities	11,396,726	1,746,625	6,076,910
Convertible senior notes-current	1,831,612,124	280,706,839
Total current liabilities	3,291,090,113	504,381,627	1,573,774,698
Due to related parties - non-current	12,145,683	1,861,407	14,926,514
Convertible senior notes	0	0	728,215,869
Total liabilities	3,303,235,796	506,243,034	2,316,917,081
Shareholders' equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 180,653,497 and 190,380,309 shares issued as of December 31, 2019 and December 31, 2020, respectively,178,930,297 and 187,434,469 shares outstanding as of December 31, 2019 and December 31, 2020, respectively.)	26,052	3,993	24,767
Additional paid-in capital	5,251,244,630	804,788,449	4,582,849,862
Accumulated other comprehensive income	(128,615,450)	(19,711,180)	62,952,198
Treasury stock, at cost; 1,723,200 and 2,945,840 ordinary shares as of December 31, 2019 and December 31, 2020, respectively.	(43,169,878)	(6,616,073)	(13,875,553)
Retained earnings	4,908,358,919	752,238,915	4,671,366,741
Total shareholders' equity	9,987,844,273	1,530,704,104	9,303,318,015
Total liabilities and shareholders' equity	¥ 13,291,080,069	$ 2,036,947,138	¥ 11,620,235,096

PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2020

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

13. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment used in continuing operation and related accumulated depreciation are as follows:


	As of December 31,
	2019	2020
	RMB	RMB
Buildings	3,567,558,224	4,396,121,001
Machinery and equipment	8,785,627,088	10,322,000,488
Motor vehicles	45,116,481	58,256,515
Furniture, fixture and office equipment	501,050,699	834,725,017
	12,899,352,492	15,611,103,021
Less: Accumulated depreciation	(3,497,199,736)	(3,863,719,503)
Subtotal	9,402,152,756	11,747,383,518
Construction in progress	806,051,793	708,060,041
Property, plant and equipment, net	10,208,204,549	12,455,443,559

Depreciation expenses were RMB802,022,200, RMB737,584,653 and RMB1,160,851,059 for the years ended December 31, 2018, 2019 and 2020, respectively.

For the years ended December 31, 2018, 2019 and 2020, the Group disposed certain equipment with the net book value amounting of RMB198,818,135, RMB269,221,102 and RMB609,563,969 and recognized related disposal loss amounted to RMB48,168,035 and RMB67,953,732 and RMB428,115,147, respectively. Increase in disposal loss on property, plant and equipment in the year ended December 31, 2020 was mainly due to the automation upgrade of the Group.

Construction in progress primarily represents the construction of new production line. Costs incurred in the construction are capitalized and transferred to property and equipment upon completion, at which time depreciation commences.

Significant increase of property, plant and equipment during the year ended December 31, 2019 was attributable to the expansion of manufacturing capacity and automation upgrade of the Group.

For the years ended December 31, 2018, 2019 and 2020, the Group recorded impairments of RMB14,548,043, RMB68,262,038 and RMB20,387,207 related to the retirement of certain equipment in production lines that had become obsolete.

As of December 31, 2019 and 2020, certain property, plant and equipment with net book value amounting of RMB2,158,435,628 and RMB3,257,095,969 were pledged as collateral for the Group’s borrowings (Note 20).

As of December 31, 2019 and 2020, certain property, plant and equipment with net book value amounting of RMB556,890,574 and RMB340,891,652 were pledged as collateral for the Group’s financing lease (Note 21).

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019	May 31, 2019	Feb. 28, 2018
CONSOLIDATED BALANCE SHEETS
Ordinary shares, par value	$ 0.00002	$ 0.00002	$ 0.00002	$ 0.00002
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	190,380,309	180,653,497
Ordinary shares, shares outstanding	187,434,469	178,930,297
Treasury stock at cost, shares	2,945,840	1,723,200

PRINCIPAL ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2020

PRINCIPAL ACCOUNTING POLICIES

Basis of presentation and use of estimates

a. Basis of presentation and use of estimates

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Significant accounting estimates reflected in the Company’s consolidated financial statements include expected credit loss provision, provision for inventories and advances to suppliers, impairment of long-lived assets, the economic useful lives of property, plant and equipment, project assets and intangible assets, certain accrued liabilities including accruals for warranty costs, guarantees, sale-leaseback, accounting for share-based compensation, fair value measurements of share-based compensation and financial instruments, legal contingencies, income taxes and related deferred tax valuation allowance.

Consolidation

b. Consolidation

The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation.

For the Group’s majority-owned subsidiaries, non-controlling interests is recognized to reflect the portion of their equity interests which are not attributable, directly or indirectly, to the Group. Consolidated net income on the consolidated statement of operation includes the net income attributable to non-controlling interests. The cumulative results of operations attributable to non-controlling interests are recorded as non-controlling interests in the Group’s consolidated balance sheets. Cash flows related to transactions with non-controlling interests are presented under financing activities in the consolidated statements of cash flows.

Foreign currency translation

c. Foreign currency translation

The Group’s reporting currency is the Renminbi (“RMB”), the official currency in the PRC. The Company and its PRC subsidiaries use RMB as their functional currency, while local currencies have been determined to be the functional currency of its subsidiaries incorporated outside of PRC such as USD or EUR etc. Transactions denominated in currencies other than the functional currency are translated into the functional currency of the entity at the exchange rates prevailing at the dates of the transactions. Gains and losses resulting from foreign currency transactions are included in the consolidated statements of operations. Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency of the entity using the applicable exchange rates at the applicable balance sheet dates. All such exchange gains or losses are included in exchange loss in the consolidated statements of operations.

For consolidation purpose, the financial statements of the Company’s subsidiaries whose functional currencies are other than the RMB are translated into RMB using exchange rates quoted by PBOC. Assets and liabilities are translated at the exchange rates at the balance sheet date, equity accounts are translated at historical exchange rates and revenues, expenses and gains and losses are translated using the average exchange rates for the year. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of in accumulated other comprehensive income in the consolidated statement of comprehensive income/ (loss).

The RMB is not a freely convertible currency. The PRC State Administration for Foreign Exchange, under the authority of PBOC, controls the conversion of RMB into foreign currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in China’s foreign exchange trading system market. The Company’s aggregate amount of cash, cash equivalents, restricted short-term investments and restricted cash denominated in RMB amounted to RMB10,387.2 million and RMB11,149.1 million as of December 31, 2019 and 2020, respectively.

Cash, cash equivalents and restricted cash

d. Cash, cash equivalents and restricted cash

Cash and cash equivalents represent cash on hand and demand deposits placed with banks or other financial institutions, which have original maturities of three months or less.

Restricted cash represents deposits legally held by banks which are not available for the Group’s general use. These deposits are held as collateral for issuance of letters of credit or guarantee, bank acceptance notes to vendors for purchase of machinery and inventories and foreign exchange forward contracts.

Cash, cash equivalents and restricted cash as reported in the consolidated statement of cash flows are presented separately on our consolidated balance sheet as follows:


	As of December 31,
	2019	2020
	RMB	RMB
Cash and cash equivalents	5,653,853,691	7,481,678,114
Restricted cash	576,546,098	593,093,671
Cash and cash equivalents included in held-for-sale assets	43,558,640	—
Total	6,273,958,429	8,074,771,785

Restricted short-term investments

e. Restricted short-term investments

Restricted short-term investments represent the time deposits at banks with original maturities longer than three months and less than one year, which are held as collateral for issuance of letters of credit, guarantee, bank acceptance notes or deposits for short-term borrowings.

Notes receivable and payable

f. Notes receivable and payable

Notes receivable represents bank or commercial drafts that have been arranged with third-party financial institutions by certain customers to settle their purchases from the Group. The carrying amount of notes receivable approximate their fair values due to the short-term maturity of the notes receivables.

The Group also issues bank acceptance notes to its suppliers in China in the normal course of business. The Group classifies the changes in notes payable as financing activities.

Notes receivable and payable are typically non-interest bearing and have maturities of less than six months.

Current expected credit losses

g. Current expected credit losses

In 2016, the FASB issued ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASC Topic 326”), which amends previously issued guidance regarding the impairment of financial instruments by creating an impairment model that is based on expected losses rather than incurred losses.

The Company adopted this ASC Topic 326 and several associated ASUs on January 1, 2020 using a modified retrospective approach with a cumulative effect recorded as increase of accumulated retained earnings with amount of RMB6.6 million, among which RMB30.9 million was related to the decrease of allowance for accounts receivables-third parties, RMB15.0 million was related to the increase of allowance for accounts receivables- related parties and RMB9.3 million was related to the increase of allowance for other receivables and other current/non-current assets. As of January 1, 2020, upon the adoption, the expected credit loss provision for the current and non-current assets were RMB306,525,000 and RMB5,065,000, respectively.

The Company’s trade receivable, notes receivable, guarantee receivables, deposits and other receivables are within the scope of ASC Topic 326. The Company has identified the relevant risk characteristics of its customers and the related receivables, notes receivable, guarantee receivables, deposits and other receivables which include size, type of the services or the products the Company provides, or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Company considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include customer demographics, payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the Company’s receivables. Additionally, external data and macroeconomic factors are also considered. This is assessed at each quarter based on the Company’s specific facts and circumstances.

For the year ended December 31, 2020, the Company recorded RMB14,086,414 expected credit loss expense in general and administrative expenses. As of December 31, 2020, the expected credit loss provision for the current and non-current assets were RMB323,688,768 and RMB1,987,646, respectively.

Accounts receivable

h. Accounts receivable

Specific provisions are made against accounts receivable for estimated losses resulting from the inability of the Group’s customers to make payments. The Group periodically assesses accounts receivable balances to determine whether an allowance for doubtful accounts should be made based upon historical bad debts, specific customer creditworthiness and current economic trends. Accounts receivable in the balance sheets are stated net of such provision, if any. Before approving sales to each customer, the Group conducts a credit assessment for each customer to evaluate the collectability of such sales. The assessment usually takes into consideration the credit worthiness of such customer and its guarantor, if any, the Group’s historical payment experience with such customer, industry-wide trends with respect to credit terms, including the terms offered by competitors, and the macro-economic conditions of the region to which sales will be made. The Group executes a sales order with a customer and arrange for shipment only if its credit assessment concludes that the collectability with such customer is probable. The Group may also from time to time require security deposits from certain customers to minimize its credit risk. After the sales are made, the Group closely monitors the credit situation of each customer on an on-going basis for any subsequent change in its financial position, business development and credit rating, and evaluates whether any of such adverse change warrants further action to be taken by the Group, including asserting claims and/or initiating legal proceedings against the customer and/or its guarantor, as well as making provisions. It is also the Group’s general practice to suspend further sales to any customer with significant overdue balances. The Group adopted ASC 326 on January 1, 2020 and has also made updates to its policies and internal controls over financial reporting as a result of adoption. Details please refer to Note 2 (g) above. Prior to 2020, credit loss allowance of accounts receivable was determined to be the amount of probable incurred credit losses based on historical default experiences as well as other factors associated with the credit risk of the Group’s customers.

Advances to suppliers

i. Advances to suppliers

The Group provides short-term and long-term advances to secure its raw material needs, which are then offset against future purchases. The Group continually assesses the credit quality of its suppliers and the factors that affect the credit risk. If there is deterioration in the creditworthiness of its suppliers, the Group will seek to recover its advances to suppliers and provide for losses on advances which are akin to receivables in operating expenses because of suppliers’ inability to return its advances. Recoveries of the allowance for advances to supplier are recognized when they are received. The Company classified short-term and long-term advances to suppliers based on management’s best estimate of the expected purchase in the next twelve-months as of the balance sheet date and the Group’s ability to make requisite purchases under existing supply contracts. The balances expected to be utilized outside of the 12 months are recorded in advances to suppliers to be utilized beyond one year. No provision of advance to suppliers was recorded for the years ended December 31, 2018, 2019 and 2020.

Inventories

j. Inventories

Inventories are stated at the lower of cost or net realizable value. Cost is determined using the weighted average method. Provisions are made for excessive, slow moving and obsolete inventories as well as for inventories with carrying values in excess of market. Certain factors could impact the realizable value of inventory, so the Group continually evaluates the recoverability based on assumptions about customer demand and market conditions. The evaluation may take into consideration historical usage, expected demand, anticipated sales price, new product development schedules, the effect new products might have on the sale of existing products, product obsolescence, customer concentrations, and other factors. The reserve or write-down is equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory reserves or write-downs may be required that could negatively impact the Group’s gross margin and operating results. If actual market conditions are more favorable, the Group may have higher gross margin when products that have been previously reserved or written down are eventually sold. The sale of previously reserved inventory did not have a material impact on our gross margin percentage for any of the years presented.

In addition, the Group analyzes its firm purchase commitments, if any, at each period end. Provision is made in the current period if the net realizable value after considering estimated costs to convert polysilicon into saleable finished goods is higher than market selling price of finished goods as of the end of a reporting period. There was no provision recorded related to these long-term contracts for each of the three years ended December 31, 2018, 2019 and 2020.

Property, plant and equipment, net

k. Property, plant and equipment, net

Property, plant and equipment are stated at cost less accumulated depreciation. Cost includes the prices paid to acquire or construct the assets, interest capitalized during the construction period and any expenditure that substantially extends the useful life of an existing asset. Depreciation is computed using the straight-line method over the following estimated useful lives:

Buildings		20 years
Machinery and equipment		5~10 years
Furniture, fixture and office equipment		3~5 years
Motor vehicles		4~5 years

Construction in progress primarily represents the construction of new production line and buildings. Costs incurred in the construction are capitalized and transferred to property, plant and equipment upon completion, at which time depreciation commences.

Expenditures for repairs and maintenance are expensed as incurred. The gain or loss on disposal of property, plant and equipment, if any, is the difference between the net sales proceeds and the carrying amount of the disposed assets, and is recognized in the consolidated statement of operations upon disposal.

Project Assets, net

l. Project Assets, net

Project assets represented the costs of solar power plants held for generation of electricity revenue, held with the intention to sell to third parties and solar power plants under construction. Project assets are stated in the consolidated balance sheets at cost less accumulated depreciation and impairment provision, if any.

Costs of project assets consist primarily of costs relating to construction of solar power plants at various stages of development. These costs include costs for procurement of solar module and other equipment (including intercompany purchases), cost of land on which solar power plants are developed and other direct costs for developing and constructing solar power plants, such as costs for obtaining permits required for solar power plants and costs for designing, engineering, interest costs capitalized and installation in the course of construction. Such costs are capitalized starting from the point when it is determined that development of the solar power plant is probable. For a solar power project asset acquired from third parties, the initial cost is the acquisition cost which includes the consideration transferred and certain direct acquisition costs.

Costs capitalized in the construction of solar power plants under development will be transferred to completed solar power plants upon completion and when they are ready for intended use, which is at the point of time when the solar power plant is connected to grids and begins to generate electricity. Depreciation of the completed solar power plant held for generation of electricity revenue commences once the solar power plant is ready for intended use. Depreciation is computed using the straight-line method over the expected life of 20 years.

The Company does not depreciate project assets when such project assets are constructed for sale upon completion. Any revenue generated from such project assets connected to the grid would be considered incidental revenue and accounted for as a reduction of the capitalized project costs for development.

The Group made decision to sell certain of its solar projects to third parties in the year of 2018. All cash flows related to the development and construction of project assets constructed for external sales are a component of cash flows from operating activities.

Assets held for sale

m. Assets held for sale

Long-lived assets to be sold are classified as held for sale when the following recognition criteria in ASC 360-10-45-9 are met:

¨ Management, having the authority to approve the action, commits to a plan to sell the asset.

¨ The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets.

¨ An active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated.

¨ The sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale, within one year,

¨ The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value.

¨ Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

The Group entered into an agreement to sell two solar power plants in Mexico to a Mexican renewable energy company in November 2019. Assets and liabilities related to these two solar power plants were reclassified from project assets as assets/liabilities held for sale as of December 31, 2019.

Interest Capitalization

n. Interest Capitalization

Interest expenses during the years ended December 31, 2018, 2019 and 2020 were RMB429,347,129, RMB605,882,474 and RMB705,158,872, net of with interest income of RMB83,461,323, RMB170,984,099 and RMB216,618,294 respectively.

The interest cost associated with major development and construction projects is capitalized and included in the cost of the property, plant and equipment or project assets. Interest capitalization ceases once a project is substantially completed or no longer undergoing construction activities to prepare it for its intended use. When no debt is specifically identified as being incurred in connection with a construction project, the Group capitalizes interest on amounts expended on the project at the Group’s weighted average cost of borrowings. Interest expense capitalized associated with the construction projects for the years ended December 31, 2018, 2019 and 2020 were RMB51,243,764, RMB43,841,311 and RMB29,306,768, respectively.

Land use rights and land lease

o. Land use rights and land lease

(a) Land use rights

Land use rights represent acquisition costs to purchase land use rights from the PRC government, which are evidenced by property certificates. The periods of these purchased land use rights are either 50 years or 70 years. The Company classifies land use rights as long term assets on the balance sheet and cash outflows related to acquisition of land use right as investing activities.

Land use rights are carried at cost less accumulated amortization and impairment losses, if any. Amortization is computed using the straight-line method over the term specified in the land use right certificate for 50 years or 70 years, as applicable.

(b) Land lease

For certain of the Group’s solar power project, the Group enters into land lease contracts with the owners of the land use rights. Under such lease arrangements, the owners retain the property right of the land use rights. While the Group can only set up the solar panels on these leased lands but does not have the right to sell, lease or dispose the land use rights.

Accordingly, land leases are classified as operating leases.

Intangible assets

p. Intangible assets

Intangible assets include purchased software and fees paid to register trademarks and are amortized on a straight-line basis over their estimated useful lives, which are 5 or 10 years, respectively.

Business combination and assets acquisition

q. Business combination and assets acquisition

U.S. GAAP requires that all business combinations not involving entities or businesses under common control be accounted for under the purchase method. The Group has adopted ASC 805 “Business Combinations,” and the cost of an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred and equity instruments issued. The transaction costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of the (i) the total of cost of acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net tangible and intangible assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of operations and comprehensive income.

The determination and allocation of fair values to the identifiable assets acquired and liabilities assumed is based on various assumptions and valuation methodologies requiring considerable management judgment. The most significant variables in these valuations are discount rates, terminal values, the number of years on which to base the cash flow projections, as well as the assumptions and estimates used to determine the future cash inflows and outflows. Management determines discount rates to be used based on the risk inherent in the related activity’s current business model and industry comparisons. Terminal values are based on the expected life of products and forecasted life cycle and forecasted cash flows over that period. Although management believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from the forecasted amounts and the difference could be material.

A non-controlling interest is recognized to reflect the portion of a subsidiary’s equity which is not attributable, directly or indirectly, to the Company. Consolidated net income on the consolidated statements of operations and comprehensive income includes the net income (loss) attributable to non-controlling interests when applicable. The cumulative results of operations attributable to non-controlling interests are also recorded as non-controlling interests in the Company’s consolidated balance sheets. Cash flows related to transactions with non-controlling interests are presented under financing activities in the consolidated statements of cash flows when applicable.

Investments in affiliates and other equity securities

r. Investments in affiliates and other equity securities

On January 1, 2018, the Company adopted ASU No. 2016-01, which requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. This standard also changed the accounting for investments without a readily determinable fair value and that do not qualify for the practical expedient to be measured at fair value. A policy election can be made for these investments whereby investment will be carried at cost and adjusted in subsequent periods for any impairment or changes in observable prices of identical or similar investments.

With the adoption of ASU No. 2016-01, for investments in equity securities lacking of readily determinable fair values, the Company elected to use the measurement alternative defined as cost, less impairments, adjusted by observable price changes. Adoption of the standard had no significant impact on the Group’s consolidated financial statements for the years ended 2019 and 2020.

The Group’s investments include equity method investments and equity securities without readily determinable fair values.

The Group holds equity investments in affiliates in which it does not have a controlling financial interest, but has the ability to exercise significant influence over the operating and financial policies of the investee. These investments are accounted for under equity method of accounting wherein the Group records its’ proportionate share of the investees’ income or loss in its consolidated financial statements.

Equity securities without readily determinable fair values are measured and recorded using a measurement alternative that measures the securities at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes. Prior to the fiscal year of 2018, these investments over which the Company does not have the ability to exercise significant influence were accounted for using the cost method of accounting, measured at cost less other-than-temporary impairment.

Investments are evaluated for impairment when facts or circumstances indicate that the fair value of the investment is less than its carrying value. The Group reviews several factors to determine whether an impairment is recognized. These factors include, but are not limited to, the: (1) nature of the investment; (2) cause and duration of the impairment; (3) extent to which fair value is less than cost; (4) financial conditions and near term prospects of the issuers; and (5) ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value.

Impairment of long-lived assets

s. Impairment of long-lived assets

The Group’s long-lived assets include property, plant and equipment, project assets, land use rights and intangible assets with finite lives. The Group’s business requires heavy investment in manufacturing equipment that is technologically advanced, but can quickly become significantly under-utilized or rendered obsolete by rapid changes in demand for solar power products produced with those equipment.

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that carrying amount of an asset may not be recoverable. Factors considered important that could result in an impairment review include significant underperformance relative to expected historical or projected future operating results, significant changes in the manner of use of acquired assets and significant negative industry or economic trends. The Group may recognize impairment of long-lived assets in the event the net book value of such assets exceeds the future undiscounted cash flows attributable to these assets. If the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset, a loss, if any, is recognized for the difference between the fair value of the asset and its carrying value. Fair value is generally measured based on either quoted market prices, if available, or discounted cash flow analysis.

Leases

t. Leases

The Company adopted ASC Topic 842 on January 1, 2019, using the modified retrospective transition method as of the effective date as the date of initial application. Consequently, prior periods have not been recast and the disclosures required under ASC Topic 842 are not provided for dates and periods before January 1, 2019.

The Company determines if a contract contains a lease at inception of the arrangement based on whether it has the right to obtain substantially all of the economic benefits from the use of an identified asset and whether it has the right to direct the use of an identified asset in exchange for consideration, which relates to an asset which the Company does not own. Right of use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s

obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. When determining the lease term, the Company includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate, which it calculates based on the credit quality of the Company and by comparing interest rates available in the market for similar borrowings, and adjusting this amount based on the impact of collateral over the term of each lease. The Company does not typically incur variable lease payments related to its leases.

For a sale-leaseback transaction, sale-leaseback accounting shall be used by a seller-lessee only if the transaction meet all of the following: a) the transfer of the underlying asset meets the definition of a sale under ASC 606; b) the leaseback transaction does not result in a lease that would be classified as a finance lease; c) the contract does not contain a repurchase option, unless the option is exercisable at the fair value on the exercise date and there are alternative assets substantially the same as the transferred asset available in the market place.

If a sale-leaseback transaction does not qualify for sale-leaseback accounting because of the transfer of underlying assets does not meet the definition of sale, it is accounted for as a financing under ASC 360.

The Company has elected to adopt the following lease policies in conjunction with the adoption of ASU 2016-02: (i) elect for each lease not to separate non-lease components from lease components and instead to account for each separate lease component and the non-lease components associated with that lease component as a single lease component; (ii) for leases that have lease terms of 12 months or less and does not include a purchase option that is reasonably certain to exercise, the Company elected not to apply ASC Topic 842 recognition requirements; and (iii) the Company elected to apply the package of practical expedients for existing arrangements entered into prior to January 1, 2019 to not reassess (a) whether an arrangement is or contains a lease, (b) the lease classification applied to existing leases, and(c) initial direct costs.

Guarantees

u. Guarantees

The Group issues debt payment guarantees in favor of JinkoPower, a related party. The guarantees require the Group to make payments to reimburse the holders of the debt subject to these guarantees for losses they incur JinkoPower fails to make repayments to the holders, when its liability to the holders falls due.

A guarantee liability is initially recognized at the estimated fair value in the Group’s consolidated balance sheets unless it becomes probable that the Group will reimburse the holder of the guarantee for an amount higher than the carrying amount, in which case the guarantee is carried in the Group’s consolidated balance sheets at the expected amount payable to the holder. The fair value of the guarantee liability is measured by the total consideration to be received in connection with the provision of guarantee. The guarantee liability is amortized in straight line during the guarantee period.

Receivables have also been recorded for the guarantee payments to be received (Note 28).

Pursuant to the master service agreement signed with JinkoPower, guarantee service fee is settled on a half-year basis.

Revenue recognition

v. Revenue recognition

On January 1, 2018, the Group adopted new revenue guidance ASC Topic 606, “Revenue from Contracts with Customers” (“ASC 606”), by applying the modified retrospective method under which the Company has elected to adopt the standard applied to those contracts that were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historical accounting practices under ASC Topic 605 “Revenue Recognition”.

The Company has determined that the impact of the transition to ASC Topic 606 is immaterial to the Company’s revenue recognition model since the vast majority of the Company’s revenue recognition is based on point in time transfer of control. Accordingly, the Company has not made any adjustment to opening retained earnings as of January 1, 2018.

The Company negotiated payment terms on a case by case basis and allows most of its overseas’ customers to make full payment within 90 days and our domestic customers to make 90% to 95% of payment within 180 days after delivery and the rest will be paid when the Retainage Period (as defined below) ends.

As a result of adopting ASC Topic 606, for the sales contracts with retainage terms, under which customers were allowed to withhold payment of 5% to 10% of the full contract price as retainage for a specified period from one year to two year since normal operation of related customer’s solar project (“Retainage Period”), revenue from retainage is recognized upon the Group satisfied its performance obligation to transfer the goods to its customers instead of deferring recognition until the customers pay it after the Retainage Period expires. Revenue recognition for the Group’s other sales arrangements, including sales of solar modules, wafers, cells and revenue from generated electricity, remained materially consistent with historical practice.

For the contracts with retainage terms signed and executed before the adoption date of January 1, 2018, as 90%~95% of the revenue was recognized before the date of initial application, which is considered to be substantial, management concluded that these contracts have been completed before the adoption date, and as the company has elected to apply the modified retrospective adoption method only to contracts that were not completed as of January 1, 2018, no cumulative effect related to these retainages is recognized as an adjustment to the opening balance of retained earnings. The revenue recognized upon collection of these retainage amounts is recognized under ASC 605, the prior revenue recognition standard, with the amount of RMB26,604,993 , RMB7,660,940 and RMB 28,824,540 in 2018, 2019 and 2020.

The total amounts of retainage that were not recognized as revenue were RMB63,243,490, RMB55,582,550 and RMB26,758,010 as of December 31, 2018, 2019 and 2020, respectively. All of the retainages are within the Retainage Period of the sales contracts ranged from one year to two years.

The Group was mainly subject to value added taxes ("VAT") on its sales from products. The Group recognizes revenue net of VAT. Related surcharges, such as urban maintenance and construction tax as well as surtax for education expenses are recorded in cost of revenues.

The Company’s accounting practices under ASC Topic 606, “Revenue from Contracts with Customers” are as followings:

(a) Revenue recognition on product sales

For all product sales, the Group requires a contract or purchase order which quantifies pricing, quantity and product specifications. The Company’s sales arrangements generally do not contain variable considerations and are short-term in nature. The Company recognizes revenue at a point in time based on management’s evaluation of when the customer obtains control of the products. Revenue is recognized as performance obligation under the terms of a contract with the customer are satisfied and control of the product has been transferred to the customer. Sales of goods do not include multiple product and/or service elements.

Practical expedients and exemption

Upon the election of the practical expedient under ASC 340-40-25-4, the incremental costs of obtaining a contract are expensed when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less. For the years ended December 31, 2018, 2019 and 2020, no incremental cost was capitalized as assets.

The Group also selected to apply the practical expedients allowed under ASC Topic 606 to omit the disclosure of remaining performance obligations for contracts with an original expected duration of one year or less and for contracts where the Company has the right to invoice for performance completed to date.

Based on the considerations that there is no difference between the amount of promised consideration and the cash selling price of product sales, in addition the actual length of time between when the Group transfers products to the customer and when the customer pays for those products has been generally within one year, the Group assessed and concluded that there is no significant financing component in place within its products sales as a practical expedient in accordance with ASC 606-10-32-18. As the retainage term is made to secure the future effective operation of solar modules and not to provide customer with significant financing, no significant financing component is considered to exist in the sales contract with retainage terms.

(b) Sales of solar projects

The Company’s sales arrangements for solar projects do not contain any forms of continuing involvement that may affect the revenue or profit recognition of the transactions, nor any variable considerations for energy performance guarantees, minimum electricity end subscription commitments. The Company therefore determined its single performance obligation to the customer is the sale of a

completed solar project. The Group recognizes revenue for sales of solar projects at a point in time after the solar project has been grid connected and the customer obtains control of the solar project.

The Group recognizes electricity generation revenue on project assets constructed with a plan to operate the plant when persuasive evidence of a power purchase arrangement with the power grid company exists, electricity has been generated and been transmitted to the grid and the electricity generation records are reconciled with the grid companies, the price of electricity is fixed or determinable and the collectability of the resulting receivable is reasonably assured.

VAT on invoice amount is collected on behalf of tax authorities in respect of the sales of product and is not recorded as revenue. VAT collected from customers, net of VAT paid for purchases, is recorded as a liability until it is paid to the tax authorities.

Segment report

w. Segment report

The Group uses the management approach in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker for making operating decisions, allocating resources and assessing performance as the source for determining the Group’s reportable segments.

Based on the criteria established by ASC 280 "Segment Reporting", the Group's chief operating decision maker has been identified as the Chairman of the Board of Directors as well as the CEO, who only review consolidated results of the Group when making decisions about allocating resources and assessing performance. Hence, the Group has only one operating segment which is vertically integrated solar power products manufacturing business from silicon ingots, wafers, cells to solar modules.

Cost of revenue

x. Cost of revenue

Cost of revenue for sales of photovoltaic products includes production and indirect costs, as well as shipping and handling costs for raw materials purchase and provision for inventories.

Costs of electricity generation revenue include depreciation of solar power project assets and costs associated with operation and maintenance of the project assets. Cost of electricity sales was nil, RMB19.4 million and RMB40.4 million for years ended December 31, 2018, 2019 and 2020, respectively.

Warranty cost

y. Warranty cost

Solar modules produced by the Group are typically sold with either a 5-year or 10-year warranty for product defects, and a 10-year and 25-year warranty against declines of more than 10% and 20%, respectively, from the initial minimum power generation capacity at the time of delivery. Therefore, the Group is exposed to potential liabilities that could arise from these warranties. The potential liability is generally in the form of product replacement or repair.

Management applied significant judgements in estimating the expected failure rate of the Company's solar module products and the estimated replacement costs associated with fulfilling its warranty obligations when measuring the warranty costs. Based on the actual claims incurred during the past years which appears to be consistent with the market practice, the Group projected the expected failure rate as 1% for the whole warranty period, which is consistent with prior assumptions. Based on the Group’s actual claims experience in the historical periods as well as management’s current best estimation, the Group believes that the average selling price of solar modules over the past two years more accurately reflects the estimated warranty cost liability in connection with the products sold by the Group, as opposed to the current and past spot prices. According to the updated product replacement cost included in the warranty liability estimation which continued to drop in recent years, the Group reversed previous years’ recorded warranty liability of RMB162,447,593, RMB123,853,626 and RMB123,942,984, with a corresponding decrease to selling and marketing expenses,in 2018, 2019 and 2020 respectively.

The warranty costs were classified as current liabilities under other payables and accruals, and non-current liabilities under accrued warranty costs – non-current, respectively, which reflect the Group’s estimation of the timing of when the warranty expenditures will likely be made. For the years ended December 31, 2018, 2019 and 2020, warranty costs accrued for the modules delivered in the periods before the reversals due to updated project replacement cost were RMB278,417,311, RMB303,652,391 and RMB363,159,029, respectively. The utilization of the warranty accruals for the years ended December 31, 2018, 2019 and 2020 were RMB102,600,327, RMB85,035,667 and RMB98,525,648, respectively. Utilization of warranty accruals in 2018 was mainly due to a specific batch of

solar modules shipped in 2017 with welding defects, while the utilization of warranty accruals in 2019 was mainly caused by the extreme climatic conditions in Xinjiang, China and India. Utilization of warranty accruals in 2020 was mainly due to sporadic customer claims with accumulation of the Group’s solar module shipment. Considering the defective modules only comprised a small portion of the Group’s module shipments, it is less likely to have a significant impact on the Group’s estimation on the expected failure rate of module production.

Movement of accrued warranty cost


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	643,307,854	656,677,245	751,440,343
Additions	278,417,311	303,652,391	363,159,029
Utilization	(102,600,327)	(85,035,667)	(98,525,648)
Reversal to selling and marketing expense	(162,447,593)	(123,853,626)	(123,942,984)
At end of year	656,677,245	751,440,343	892,130,740

The Group purchases warranty insurance policy which provides coverage for the product warranty services of solar modules worldwide. Prepayment for warranty insurance premium is initially recorded as other assets and is amortized over the insurance coverage period. Prepayment for warranty insurance premium is not recorded as reduction of estimated warranty liabilities. Once the Group receives insurance recoveries, warranty expenses will be credited.

In previous years, the Company incurred additional warranty costs due to the defects in a specific batch of raw materials provided by a supplier. The Company appealed against the supplier for the defects and obtained the final judgement from the court in September 2020, pursuant to which the Company shall be compensated by the supplier with the amount of RMB83,054,792 by offsetting the Company’s payables due to such supplier. Given that, the Company reversed warranty expenses in the third quarter of 2020 with a corresponding reduction in accounts payables.

Shipping and handling

z. Shipping and handling

Costs to ship products to customers are included in selling and marketing expenses in the consolidated statements of operations. Costs to ship products to customers were RMB1,005,186,974, RMB1,489,639,843 and RMB1,631,219,134 for the years ended December 31, 2018, 2019 and 2020, respectively.

Research and development

aa. Research and development

Research and development costs are expensed when incurred.

Start-up costs

ab. Start-up costs

The Group expenses all costs incurred in connection with start-up activities, including pre-production costs associated with new manufacturing facilities (excluding costs that are capitalized as part of property, plant and equipment) and costs incurred with the formation of new subsidiaries such as organization costs.

Income Taxes

ac. Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and any tax loss and tax credit carry forwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates or tax laws is recognized in the consolidated statements of operations in the period the change in tax rates or tax laws is enacted. A valuation allowance is provided to reduce the amount of deferred income tax assets if it is considered more likely than not that some portion or all of the deferred income tax assets will not be realized.

The accounting for uncertain tax positions requires that the Company recognizes in the consolidated financial statements the impact of an uncertain tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Group's policy is to recognize, if any, tax related interest as interest expenses and penalties as general and administrative expenses. As of December 31, 2019 and 2020 , there were no uncertain tax positions.

Commitments and Contingencies

ad. Commitments and Contingencies

Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated.

Fair value of financial instruments

ae. Fair value of financial instruments

The Group does not have any non-financial assets or liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as an exit price). A hierarchy is established for inputs used in measuring fair value that gives the highest priority to observable inputs and the lowest priority to unobservable inputs. Valuation techniques used to measure fair value shall maximize the use of observable inputs.

When available, the Group measures the fair value of financial instruments based on quoted market prices in active markets, valuation techniques that use observable market-based inputs or unobservable inputs that are corroborated by market data. Pricing information the Group obtains from third parties is internally validated for reasonableness prior to use in the consolidated financial statements. When observable market prices are not readily available, the Group generally estimates the fair value using valuation techniques that rely on alternate market data or inputs that are generally less readily observable from objective sources and are estimated based on pertinent information available at the time of the applicable reporting periods. In certain cases, fair values are not subject to precise quantification or verification and may fluctuate as economic and market factors vary and the Group’s evaluation of those factors changes. Although the Group uses its best judgment in estimating the fair value of these financial instruments, there are inherent limitations in any estimation technique. In these cases, a minor change in an assumption could result in a significant change in its estimate of fair value, thereby increasing or decreasing the amounts of the Group’s consolidated assets, liabilities, equity and net income.

The Group’s financial instruments consist principally of cash and cash equivalents, restricted cash, restricted short-term and long-term investments, accounts and notes receivable, foreign exchange forward contract receivables other receivables, prepayments and other current assets, call option, foreign exchange option, accounts and notes payable, other payables and accruals, foreign exchange forward contract payables, guarantee liabilities, lease liabilities, short-term borrowings, long-term borrowings, convertible senior notes and interest rate swap.

The foreign exchange forward contracts receivable and payable, call option, foreign exchange options, interest rate swap and convertible senior notes are measured at fair value (Note 31). Except for these financial instruments and long-term borrowing, the carrying values of the Group’s other financial instruments approximated their fair values due to the short-term maturity of these instruments. The carrying amount of long-term borrowing approximates their fair value due to the fact that the related interest rates approximate rates currently offered by financial institutions for similar debt instruments of comparable maturities.

When the fair value option is elected for financial liabilities, changes in fair value due to changes in instrument-specific credit risk will be recognized separately in other comprehensive income. As the Company elected to measure its convertible senior notes issued in 2019 in their entirety at fair value, the portion of the total change in the fair value of the convertible senior notes that results from a change in the instrument-specific credit risk is presented separately in other comprehensive income. The gains or losses attributable to changes in instrument-specific credit risk were benchmarked by the portion of the total change in fair value that excluding the amount resulting from a change in a risk-free rate.

Government grants

af. Government grants

Government grants related to technology upgrades and enterprise development are recognized as subsidy income when received. For the years ended December 31, 2018, 2019 and 2020, the Group received financial subsidies of RMB52,176,462 , RMB63,016,966 and RMB191,980,690 from the local PRC government authorities, respectively. These subsidies were non-recurring, not refundable and

with no conditions related to specific use or disposition of the funds, attached. There are no defined rules and regulations to govern the criteria necessary for companies to enjoy such benefits and the amount of financial subsidy is determined at the discretion of the relevant government authorities.

Government grants related to assets are initially recorded as other payables and accruals which are then deducted from the carrying amount when the assets are ready for use and approved by related government. The Company received government grant related to assets of RMB8,102,911, RMB24,889,754 and RMB20,000,000 for the years ended December 31, 2018, 2019 and 2020, respectively.

Repurchase of share

ag. Repurchase of share

When the Company’s shares are purchased for retirement, the excess of the purchase price over its par value is recorded entirely to additional paid-in capital subject to the limitation of the additional paid in capital when the shares were originally issued. When the Company’s shares are acquired for purposes other than retirement, the purchase price is shown separately as treasury stock.

Statutory reserves

ah. Statutory reserves

Zhejiang Jinko, as sino-foreign owned joint venture incorporated in the PRC, is required to make appropriations of net profits, after recovery of accumulated deficit, to (i) a general reserve fund, (ii) an enterprise expansion fund, and (iii) a staff bonus and welfare fund prior to distribution of dividends to investors. These reserve funds are set at certain percentage of after-tax profit determined in accordance with PRC accounting standards and regulations (the "PRC GAAP"). The percentage of net profit for appropriation to these funds is at the discretion of their board of directors.

Jiangxi Jinko, as wholly foreign owned enterprises incorporated in the PRC, is required on an annual basis to make appropriations of net profits, after the recovery of accumulated deficit, to a general reserve fund and a staff bonus and welfare fund. These reserve funds are set at certain percentage of after-tax profit determined in accordance with the PRC GAAP. The percentage of the appropriation for general reserve fund is at least 10%, and the percentage of the appropriation for staff bonus and welfare fund is at the discretion of its boards of directors.

Except for the aforementioned subsidiaries, the Company’s other subsidiaries, as domestic enterprises incorporated in the PRC, are required on an annual basis to make an appropriation of net profits, after the recovery of accumulated deficit, to a statutory reserve fund. The statutory reserve fund is set at the percentage of not lower than 10% of the after-tax profit determined in accordance with the PRC GAAP.

Once the level of the general reserve fund and the statutory reserve fund reach 50% of the registered capital of the underlying entities, further appropriations to these funds are discretionary. The Group’s statutory reserves can only be used for specific purposes of enterprises expansion and staff bonus and welfare, and are not distributable to the shareholders except in the event of liquidation. Appropriations to these funds are accounted for as transfers from retained earnings to the statutory reserves.

For the years ended December 31, 2018, 2019 and 2020, the Group made total appropriations to statutory reserves of RMB53,290,350, RMB119,530,534 and RMB2,301,771, respectively.

Earnings/(Loss) per share

ai. Earnings/(Loss) per share

Basic earnings(loss) per share is computed by dividing net income(loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period using the two-class method. Under the two-class method, net income is allocated between ordinary shares and other participating securities based on their participating rights. Diluted earnings(loss) per share is calculated by dividing net income(loss) attributable to ordinary shareholders, as adjusted for the change in income or loss as result from the assumed conversion of those participating securities, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. Potential diluted securities consist of the ordinary shares issuable upon the conversion of the convertible senior notes (using the if-converted method), the potential shares underlying call option arrangement and ordinary shares issuable upon the exercise of outstanding share options (using the treasury stock method), which are not included in the calculation of dilutive earnings per share if the effect is anti-dilutive.

Changes in income or loss of potential dilutive securities as result from the assumed conversion of the convertible senior notes and assumed exercise of call option, if any, are recorded as the adjustment to the consolidated net income (loss) from continuing operations to arrive at the diluted net income (loss) available to the Company’s ordinary shareholders.

Share-based compensation

aj. Share-based compensation

The Company’s share-based payment transactions with employees, including share options, are measured based on the grant-date fair value of the equity instrument issued. The fair value of the award is recognized as compensation expense, net of estimated forfeitures, over the period during which an employee is required to provide service in exchange for the award, which is generally the vesting period.

Other comprehensive income/(loss)

ak. Other comprehensive income/(loss)

Other comprehensive income/(loss) is defined as the change in equity during a period from non-owner sources. The Company’s other comprehensive income/(loss) for each period presented is comprised of foreign currency translation adjustment of the Company’s foreign subsidiaries and unrealized gains and losses on available-for-sale securities.

Convenience translation

al. Convenience translation

Translations of balances in the consolidated balance sheet, consolidated statement of operation, consolidated statement of comprehensive income and statement of cash flows from RMB into United States dollars ("USD" or "USD") as of and for the year ended December 31, 2020 are solely for the convenience of readers and were calculated at the rate of RMB6.5250 to USD1.00, representing the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board. No representation is intended to imply that the RMB amounts could have been, or could be, converted, realized or settled into USD at that rate on December 31, 2020, or at any other rate.

Recent accounting pronouncements

am. Recent accounting pronouncements

New Accounting Standards Adopted

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which eliminates the probable recognition threshold for credit impairments. The new guidance broadens the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually to include forecasted information, as well as past events and current conditions. There is no specified method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the credit loss estimate. For public business entities that are SEC filers, the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company adopted the update of ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): “Measurement of Credit Losses on Financial Instruments” on January 1, 2020 (Note (2g)).

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which eliminates, adds and modifies certain disclosure requirements for fair value measurements. Under the guidance, public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for all entities for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the requirements. The Company adopted this guidance on January 1, 2020 and it did not have a material effect on the Company’s condensed consolidated financial statements.

New Accounting Standards Not Yet Adopted

In December 2019, the FASB issued ASU 2019-12—Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU provides an exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This update also (1) requires an entity to recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, (2) requires an entity to evaluate when a step-up in the tax basis of goodwill should be considered part of the business combination in which goodwill was originally recognized for accounting purposes and when it should be considered a separate transaction, and (3) requires that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The standard is effective for the Company for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact.

In January 2020, the FASB issued ASU 2020-01 Investments—Equity securities (Topic 321), Investments—Equity method and joint ventures (Topic 323), and Derivatives and hedging (Topic 815)—Clarifying the interactions between Topic 321, Topic 323, and Topic 815. The amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with Topic 321 immediately before applying or upon discontinuing the equity method. The amendments also clarify that for the purpose of applying paragraph 815-10-15-141(a) an entity should not consider whether, upon the settlement of the forward contract or exercise of the purchased option, individually or with existing investments, the underlying securities would be accounted for under the equity method in Topic 323 or the fair value option in accordance with the financial instruments guidance in Topic 825. The standard is effective for the Company for fiscal years beginning after December 15, 2021, with early adoption permitted. The Company is currently evaluating the impact of ASU 2020-01.

In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting”, which provides optional expedients and exceptions for applying U.S. GAAP on contract modifications and hedge accounting to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform, if certain criteria are met. These optional expedients and exceptions provided in ASU 2020-04 are effective for the Company as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact.

In August 2020, the FASB issued a new accounting update relating to convertible instruments and contracts in an entity’s own equity. For convertible instruments, the accounting update reduces the number of accounting models for convertible debt instruments and convertible preferred stock. Limiting the accounting models results in fewer embedded conversion features being separately recognized from the host contract as compared with current U.S. GAAP. The accounting update amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. The accounting update also simplifies the diluted earnings per share calculation in certain areas. For public business entities, the update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. Entities are allowed to apply this update on either a full or modified retrospective basis. The Company is in the process of evaluating the impact of the Update on its consolidated financial statements.

FAIR VALUE MEASUREMENTS (Details) € in Millions	12 Months Ended				36 Months Ended
FAIR VALUE MEASUREMENTS (Details) € in Millions	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2020 EUR (€)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 EUR (€)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Derivative [Line Items]
Derivative Liabilities Current							¥ 0			¥ 61,271,965
Fair Value Adjustment of Warrants	¥ 0				¥ 0
Impairment of Long-Lived Assets to be Disposed of	114,167,665	$ 17,496,960	¥ 68,262,038	¥ 14,548,043
Change in fair value of derivative forward contracts
Derivative [Line Items]
Derivative, Notional Amount						€ 100		$ 800,000,000	€ 0		$ 848,000,000
Loss/ gain on derivative	¥ 191,200,000		78,300,000
Foreign exchange option
Derivative [Line Items]
Derivative, Notional Amount \| $								$ 170,000,000.0			$ 0	$ 167,000,000.0
Remaining maturity of foreign currency derivative	12 months	12 months
Loss/ gain on derivative	¥ 3,607,817		330,706	9,720,182
Change in fair value of convertible senior notes and call option
Derivative [Line Items]
Loss/ gain on derivative	¥ 725,800,000		¥ 29,300,000
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount				¥ 9,701,051			¥ 78,878,089			¥ 69,974,512

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	12 Months Ended
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	¥ 335,255,274	$ 51,380,119	¥ 924,352,495	¥ 405,575,533
Other comprehensive income:
-Change in the instrument-specific credit risk (Note 24)	60,325,828	9,245,337	(21,089,777)
-Foreign currency translation adjustments	(251,893,476)	(38,604,364)	13,741,077	47,004,900
Comprehensive income	143,687,626	22,021,092	917,003,795	452,580,433
Less: comprehensive income/(loss) attributable to non-controlling interests	(104,870,621)	(16,072,126)	25,690,269	(903,161)
Comprehensive income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	¥ 38,817,005	$ 5,948,966	¥ 891,313,526	¥ 453,483,594

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Schedule of Notes receivable, net-third parties

BORROWINGS - Long-term (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Long-term bank borrowings	¥ 938,717,151		¥ 1,390,440,838
Long Term Debt	7,983,127,817
Less: Current portion of long-term bank borrowings	(190,243,717)		(241,775,211)
Total long-term borrowings	7,301,535,829	$ 1,119,009,322	1,586,187,165
Financings Associated With Failed Sale Lease Back Transactions [Member]
Long Term Debt	907,448,923		725,604,249
Less: Current portion of financings associated with failed sale-leaseback transactions	(491,348,271)		¥ (288,082,711)
Other long term borrowings
Long Term Debt	¥ 6,136,961,743

Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2020 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-34615
Entity Registrant Name	JinkoSolar Holding Co., Ltd.
Entity Incorporation, State or Country Code	KY
Entity Address, Address Line One	1 Jingke Road
Entity Address, Address Line Two	Shangrao Economic Development Zone
Entity Address, City or Town	Jiangxi Province
Entity Address, Postal Zip Code	334100
Entity Address, Country	CN
Entity Common Stock, Shares Outstanding	187,434,469
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Central Index Key	0001481513
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false
ICFR Auditor Attestation Flag	true
American Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares, each representing fourordinary shares, par value US$0.00002 per share
Trading Symbol	JKS
Security Exchange Name	NYSE
Ordinary shares [Member]
Document Information [Line Items]
Title of 12(b) Security	Ordinary shares, par value US$0.00002 per share*
Trading Symbol	JKS
Security Exchange Name	NYSE
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Haiyun (Charlie) Cao
Entity Address, Address Line One	1 Jingke Road
Entity Address, Address Line Two	Shangrao Economic Development Zone
Entity Address, City or Town	Jiangxi Province
Entity Address, Postal Zip Code	334100
Entity Address, Country	CN
City Area Code	86-793
Local Phone Number	846-9699
Contact Personnel Email Address	charlie.cao@jinkosolar.com

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS - Convertible notes 2024 (Details) - USD ($) $ in Millions		1 Months Ended		12 Months Ended
	Jan. 22, 2014	May 31, 2019	Feb. 28, 2018	Dec. 31, 2020
Debt Instrument [Line Items]
Stock Issued During Period, Shares, New Issues		18,687,500	16,560,000	5,976,272
2024 Convertible Notes
Debt Instrument [Line Items]
Proceeds from Issuance of Debt				$ 30
American Depositary Shares
Debt Instrument [Line Items]
Stock Issued During Period, Shares, New Issues	3,750,000	4,671,875	4,140,000	1,494,068

NOTES RECEIVABLE, NET-THIRD PARTIES (Tables)

12 Months Ended

Dec. 31, 2020

NOTES RECEIVABLE, NET-THIRD PARTIES


	As of December 31,
	2019	2020
	RMB	RMB
Notes receivable	1,529,800,657	1,051,743,491
Provision for notes receivable	—	(182,338)
Notes receivable, net	1,529,800,657	1,051,561,153

Schedule of Movement of Allowance for notes recievable


	As of December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	—	—	—
Impact of adopting ASC Topic 326	—	—	223,000
Addition	—	—	—
Reversal	—	—	(40,662)
At end of year	—	—	182,338

LEASES - Future Minimum Lease Payments (Details)	12 Months Ended
LEASES - Future Minimum Lease Payments (Details)	Dec. 31, 2020 CNY (¥) lease
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021	¥ 369,355,198
2022	235,245,859
2023	232,895,559
Thereafter	182,353,507
Total minimum lease payments	¥ 1,019,850,123
Lease not yet commenced \| lease	0

TAXATION

12 Months Ended

Dec. 31, 2020

TAXATION

TAXATION

6. TAXATION

The Company and its subsidiaries file separate income tax returns.

Cayman Islands

Under the current laws of the Cayman Islands, the Company and its subsidiaries in Cayman Islands are not subject to tax on its income or capital gains. In addition, upon any payment of dividends by the Company, no Cayman Islands withholding tax is imposed.

British Virgin Islands

Under the current laws of the British Virgin Islands(“BVI”), the Company’s subsidiary in BVI is not subject to tax on its income or capital gains. In addition, upon any payment of dividends by the Company, no British Virgin Islands withholding tax is imposed.

People’s Republic of China

On March 16, 2007, the National People's Congress approved the Corporate Income Tax Law of the People's Republic of China (the "CIT Law") with effective on January 1, 2008. The CIT Law enacted a statutory income tax rate of 25%. Jiangxi Jinko, Jiangxi

Materials, Zhejiang Jinko, Yuhuan Jinko, Haining Jinko and Xinjiang Jinko were designated by the relevant local authorities as “High and New Technology Enterprises" under the CIT Law. Jiangxi Jinko, Jiangxi Materials, Zhejiang Jinko and Xinjiang Jinko were subject to a preferential tax rate of 15% for 2018, 2019 and 2020. Jiangxi Jinko and Jiangxi Materials have successfully renewed this qualification for 2019, 2020 and 2021. Xinjiang Jinko was designated by the relevant local authorities as an “Enterprise in the Encouraged Industry” and was subject to a preferential tax rate of 15% for 2018, 2019 and 2020. It was also designated by the relevant local authorities as a “High and New Technology Enterprise” in 2020, and will enjoy the preferential tax rate of 15% in 2021 and 2022. Yuhuan Jinko and Haining Jinko enjoyed the preferential tax rate of 15% in 2019 and 2020 and will continue to enjoy such rate in 2021. Sichuan Jinko was designated by the relevant local authorities as an “Enterprise in the Encouraged Industry” and was subject to a preferential tax rate of 15% for 2020, 2021 and 2022.

Under the CIT Law, 10% withholding income tax ("WHT") will be levied on foreign investors for dividend distributions from foreign invested enterprises' profit earned after January 1, 2008. For certain treaty jurisdictions such as Hong Kong which has signed double tax arrangement with the PRC, the applicable WHT rate could be reduced to 5% if foreign investors directly hold at least 25% shares of invested enterprises at any time throughout the 12-month period preceding the entitlement to the dividends and they are also qualified as beneficial owners to enjoy the treaty benefit. Deferred income taxes are not provided on undistributed earnings of the Company's subsidiaries that are intended to be permanently reinvested in China. Cumulative undistributed earnings of the Company's PRC subsidiaries intended to be permanently reinvested totaled RMB3,250,957,069, RMB3,883,577,293 and RMB3,878,527,864 as of December 31, 2018, 2019, 2020 respectively, and the amount of the unrecognized deferred tax liability, calculated based on the 5% rate, on the permanently reinvested earnings was RMB162,547,853, RMB194,178,865 and RMB193,926,393 as of December 31, 2018, 2019, 2020 respectively.

Hong Kong

The Company’s subsidiaries established in Hong Kong are subject to Hong Kong profit tax at a rate of 16.5% on its assessable profit.

Japan

Jinko Japan is incorporated in Japan and is subject to corporate income tax at 37.6%.

European Countries

Jinko Switzerland is incorporated in Switzerland and according to its current business model where it employs limited staff and generates income exclusively from trading activities conducted outside Switzerland, is subject to a combined federal, cantonal and communal tax rate of 11.6% in 2020.

Jinko GMBH is incorporated in Germany and is subject to Germany profit tax rate of approximately 33% on the assessable profit.

Jinko Italy is incorporated in Italy and is subject to corporate income tax at 27.9%.

Jinko Portugal is incorporated in Portugal and is subject to corporate income tax at 23%.

United States

Jinko US, Jinko US holding, and Jinko Solar (U.S.) Industries are Delaware incorporated corporations that are subject to U.S. federal corporate income tax on taxable incomes at a rate of 21% for taxable years beginning after December 31, 2017 and at differing tax rates of various states ranged from 0.75% to 9.99%.

Malaysia

The Income Tax Act 1967 of Malaysia, revised in 1971, enacted a statutory income tax rate of 24%. Nevertheless, Malaysia offers a wide range of tax incentives, including tax exemptions, capital allowances, and enhanced tax deductions, to attract foreign direct investment. Incorporated in Malaysia, Jinko Malaysia is entitled to a five year 100% tax exemption, approved in February 2017 and retrospectively effective from August 2015, under the pioneer status (PS) incentive scheme as a company engaged in producing high technology products identified by the Malaysian Investment Development Authority (MIDA). The tax exemption was expired in August 2020 and Jinko Malaysia has applied to renew the tax exemption the local tax authorities.

Canada

Jinko Canada is incorporated in Canada and is subject to a federal corporate income tax of 15% and provinces and territories income tax of 12%.

Australia

Jinko Australia is incorporated in Australia and is subject to corporate income tax at 30%.

Brazil

Jinko Brazil is incorporated in Brazil and is subject to corporate income tax at 34%.

Mexico

Jinko Mexico is incorporated in Mexico and is subject to corporate income tax at 30%.

Composition of Income Tax Expense

Income/(loss) before income taxes for the years ended December 31, 2018, 2019 and 2020 were taxed within the following jurisdictions:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Cayman Islands	57,199,049	(22,036,601)	(784,811,121)
PRC	532,128,623	498,042,536	444,368,215
Other countries	(181,952,469)	775,180,276	906,814,798
Income before income taxes	407,375,203	1,251,186,211	566,371,892

For the year ended December 31, 2019 and 2020, the loss attributed to Cayman Islands was mainly due to the fair value loss from convertible senior notes and call options. Increase in the income before taxes of other countries was mainly attributable to the higher profit generated by the Group's subsidiaries in U.S.

The current and deferred positions of income tax expense included in the consolidated statement of operations for the years ended December 31, 2018, 2019 and 2020 are as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Current income tax (expenses)/benefits
PRC	(37,136,613)	(25,562,374)	26,472,926
Other countries	(74,198,842)	39,207,147	(110,725,623)
Total current income tax expenses	(111,335,455)	13,644,773	(84,252,697)
Deferred tax (expenses)/benefits	106,925,932	(291,623,774)	(94,158,083)
Income tax expenses, net	(4,409,523)	(277,979,001)	(178,410,780)

Reconciliation of the differences between statutory tax rate and the effective tax rate

Reconciliation between the statutory CIT rate of 25% and the Company’s effective tax rate from continuing operations is as follows:


	For the year ended December 31,
	2018	2019	2020
	%	%	%
Statutory CIT rate	25.0	25.0	25.0
Effect of permanent differences:
—Share-based compensation expenses	1.1	0.1	0.1
—Change in fair value of convertible senior notes and call options	0.0	0.6	32.0
—Accrued payroll and welfare expenses	4.2	0.5	0.4
—Change of enacted tax rate	(3.2)	0.7	(7.2)
—Other non-deductible expenses including tax preferences	(19.5)	(7.0)	(6.6)
Difference in tax rate of subsidiaries outside the PRC	0.6	4.5	(3.1)
Effect of tax holiday for subsidiaries	(14.0)	(4.6)	(7.8)
Change in valuation allowance	6.9	2.4	(1.3)
Effective tax rate	1.1	22.2	31.5

Other tax preferences in 2018, 2019 and 2020 was mainly due to the additional income tax deduction amounting of RMB59.3 million, RMB88.0 million and RMB83.3 million for R&D costs approved by local tax bureau in the second quarter of 2018, 2019 and 2020, respectively.

Decrease in the difference in tax rate of subsidiaries outside the PRC was mainly attributable to the lower applied tax rate of the Group's subsidiaries in U.S. from around 27.9% in 2019 to around 23.59% in 2020.

The aggregate amount and per share effect of reduction of CIT for certain PRC subsidiaries as a result of tax holidays are as follows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
The aggregate amount of effect	57,284,294	57,373,029	44,190,456
Per share effect—basic	0.37	0.34	0.25
Per share effect—diluted *	0.37	0.34	0.25

*Due to the dilutive impact of call option in 2019 and 2020, the denominator for diluted earnings per share is less than that for the basic earnings per share (Note 22). Therefore, the Company used the basic denominator for both of the basic and diluted effect to calculate above per share effect of tax holidays in 2019 and 2020.

Significant components of deferred tax assets/liability


	As of December 31,
	2019	2020
	RMB	RMB
Net operating losses	367,045,173	166,093,004
Accrued warranty costs	171,396,603	206,022,708
Provision for inventories, accounts receivable, other receivable	56,512,918	84,101,028
Timing difference for revenue recognition of retainage contract	8,337,383	5,797,569
Other temporary differences	49,723,467	20,366,550
Impairment for property, plant and equipment and project assets	18,310,891	24,871,785
Total deferred tax assets	671,326,435	507,252,644
Less: Valuation allowance	(144,316,817)	(136,847,274)
Less: Deferred tax liabilities in the same tax jurisdiction	(255,723,355)	(115,297,938)
Deferred tax assets	271,286,263	255,107,432

Timing difference for project assets, property, plant and equipment	(349,000,757)	(308,201,462)
Timing difference for refund of countervailing duties	(119,355,270)	(134,682,972)
Other temporary differences	(38,101,269)	(1,126,697)
Total deferred tax liabilities	(506,457,296)	(444,011,131)
Less: Deferred tax assets in the same tax jurisdiction	255,723,355	115,297,938
Deferred tax liabilities	(250,733,941)	(328,713,193)

Movement of valuation allowance


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	(86,443,363)	(114,620,700)	(144,316,817)
Current year additions	(29,565,816)	(62,415,889)	(37,426,345)
Utilization and reversal of valuation allowances	1,388,479	32,719,772	44,895,888
At end of year	(114,620,700)	(144,316,817)	(136,847,274)

Valuation allowances were determined by assessing both positive and negative evidence and have been provided on the net deferred tax asset due to the uncertainty surrounding its realization. As of December 31, 2018, 2019 and 2020, valuation allowances of RMB114,620,700, RMB144,316,817 and RMB136,847,274 were provided against deferred tax assets because it was more likely than not that such portion of deferred tax will not be realized based on the Group’s estimate of future taxable incomes of all its subsidiaries. If events occur in the future that allow the Group to realize more of its deferred tax assets than the presently recorded amount, an adjustment to the valuation allowances will result in a non-cash income statement benefit when those events occur. Due to the strong financial performance and profitable condition of certain subsidiaries, the Company has determined that the future taxable income of those subsidiaries is sufficient to realize the benefits of such deferred tax assets. As a result, the Company reversed the valuation allowance of RMB1.4 million, RMB32.7 million and RMB44.9 million in 2018, 2019 and 2020.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

TAXATION - Earnings Before Income Taxes (Details)	12 Months Ended
TAXATION - Earnings Before Income Taxes (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Income Tax [Line Items]
Income before income taxes	¥ 566,371,892	$ 86,800,290	¥ 1,251,186,211	¥ 407,375,203
Cayman Islands [Member]
Income Tax [Line Items]
Income before income taxes	(784,811,121)		(22,036,601)	57,199,049
China
Income Tax [Line Items]
Income before income taxes	444,368,215		498,042,536	532,128,623
Other Countries [Member]
Income Tax [Line Items]
Income before income taxes	¥ 906,814,798		¥ 775,180,276	¥ (181,952,469)

EMPLOYEE BENEFITS

12 Months Ended

Dec. 31, 2020

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS

23. EMPLOYEE BENEFITS

According to the guidance promulgated by the central government, companies (and employees) are required to contribute, in specified portions, to the social insurance funds (including medical care insurance, work injury insurance, unemployment insurance, maternity insurance and pension benefits) as well as the housing funds (collectively, “employee welfare funds”) on a monthly basis for all of the employees based on such employees’ actual salaries or the applicable capped salary base, whichever is lower. An employee is entitled to request its employer to make the required portion of contributions in the statutory amounts to the employee welfare funds.

In line with local customary practices, the Company has made contributions to the social insurance funds which met the requirement of the local minimum wage standard, instead of its employees’ actual salaries as required by the above described guidance, and has not made full contribution to the housing funds.

Based on the Company’s observation of local practices and consultation with relevant government authorities, the Company believes its practice has been consistent with the common practice adopted by businesses in Shangrao and Haining, where the Company’s main subsidiaries operate.

However, the Company believes it is probable that it will be required to make additional contributions to the employee welfare funds if (i) the government authorities were to strictly enforce the statutory contribution requirements, or (ii) the employees were to request the Company to make full contributions to their employee welfare funds (such request, if made, would most likely be supported by the labor arbitration center or the labor administrative bureau). Therefore, the Company recognizes the difference between the amount of its actual contributions and the statutory contribution requirements under the guidance promulgated by the central government as a liability for employee welfare benefits. The unpaid balance of accrued liability accrued for the welfare benefits were RMB595,295,007 and RMB605,830,905 as of December 31, 2019 and December 31, 2020, respectively.

On October 28, 2010, the Standing Committee of the National People’s Congress issued and adopted the Social Insurance Law (the “Social Insurance Law”), which became effective on July 1, 2011. The Social Security Law imposes certain fines for the aggregated amount of any outstanding contributions if such contributions are not made within a prescribed time period. In light of this requirement, the Company had accrued a penalty on the basis of a daily rate of 0.05% of the outstanding contributions as provided under the Social Insurance Law prior to 2014. The unpaid balance of penalty accrued for employee welfare benefits were RMB12,063,712 and RMB25,807,949 as of December 31, 2012 and 2013, respectively.

On September 26, 2013, the Ministry of Human Resources and Social Security of the People’s Republic of China announced “Regulations on the Declaration and Payment of Social Welfare” (“New Social Security Regulation”), which took effect on November 1, 2013. The New Social Security Regulation clarifies that the local social security authority should issue a notification to the employers who fail to make appropriate contribution of social security and a late-payment penalty charge will only be imposed to employers who fail to pay the outstanding contribution within five days upon the receipt of the notification. However, there were different interpretations of the New Social Security Regulation as to applicability of the penalty charge by different local authorities in difference cities and provinces in late 2013, therefore, the Company performed investigation and legal assessment as well as communicating with relevant local authorities. Legal assessment was completed in late 2014. In the opinion of the management, the probability that the Company would be required to pay late-payment penalty in connection with the unpaid contribution is remote, given that the Company has received certificates from local social security authorities which confirmed that the Company was in compliance with the local social insurance regulations as of December 31, 2014 and that local social security authorities have not issued any notification for payment of outstanding contribution to the Company. Accordingly, the Company did not accrue for late-payment penalty since then.

The entire disclosure for retirement benefits.

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ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Statements of Operations


	For the year ended December 31
	2018	2019	2020
	RMB	RMB	RMB	USD
				(note 2 (al))
Net revenue	—	—	—	—
Cost of revenues	—	—	—	—

Gross profit	—	—	—	—

Total operating (expenses)/income	(2,267,582)	474,214	1,227,529	188,127

Other income, net	6,249,651	8,922,475	5,063,775	776,057

Income/(loss) from operations	3,982,069	9,396,689	6,291,304	964,184

Convertible senior notes issuance costs	—	(18,646,101)	—	—
Share of income from subsidiaries and affiliates	348,543,952	911,593,940	1,015,006,438	155,556,542

Interest (expenses)/income, net	(722)	8,421,898	8,596,365	1,317,451
Exchange gain/(loss)	53,953,395	17,153,258	(73,717,931)	(11,297,767)
Change in fair value of convertible senior notes and call option	—	(29,257,458)	(725,791,523)	(111,232,417)
Income before income taxes	406,478,694	898,662,226	230,384,653	35,307,993
Income tax expenses	—	—	—	—
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders	406,478,694	898,662,226	230,384,653	35,307,993

Condensed Balance Sheets


	December 31, 2019	December 31, 2020
	RMB	RMB	USD
			(note 2 (al))
ASSETS
Current assets:
Cash and cash equivalent	4,556,832	19,507,224	2,989,613
Due from subsidiaries	3,427,985,887	2,773,032,001	424,985,747
Due from related parties	16,791,784	6,098,994	934,712
Other current assets	40,601,328	650,764,989	99,734,098
Total current assets	3,489,935,831	3,449,403,208	528,644,170
Investments in subsidiaries	7,775,688,241	9,029,027,056	1,383,758,936
Due from related parties - non current	48,471,930	44,539,659	6,826,001
Call Option	294,177,634	756,929,181	116,004,472
Other non-current assets	11,961,460	11,180,965	1,713,558
Total assets	11,620,235,096	13,291,080,069	2,036,947,137

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Due to subsidiaries	1,564,636,609	1,445,300,432	221,501,982
Due to related parties	3,061,179	2,780,831	426,181
Other current liabilities	6,076,910	11,396,726	1,746,625
Convertible senior notes-current	—	1,831,612,124	280,706,839
Total current liabilities	1,573,774,698	3,291,090,113	504,381,627
Due to related parties – non-current	14,926,514	12,145,683	1,861,407
Convertible senior notes	728,215,869	—	—
Total liabilities	2,316,917,081	3,303,235,796	506,243,034

Shareholders’ equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 180,653,497 and 190,380,309 shares issued as of December 31, 2019 and December 31, 2020, respectively,178,930,297 and 187,434,469 shares outstanding as of December 31, 2019 and December 31, 2020, respectively.)	24,767	26,052	3,993
Additional paid-in capital	4,582,849,862	5,251,244,630	804,788,449
Accumulated other comprehensive income	62,952,198	(128,615,450)	(19,711,180)
Treasury stock, at cost; 1,723,200 and 2,945,840 ordinary shares as of December 31, 2019 and December 31, 2020, respectively.	(13,875,553)	(43,169,878)	(6,616,073)
Retained earnings	4,671,366,741	4,908,358,919	752,238,915
Total shareholders’ equity	9,303,318,015	9,987,844,273	1,530,704,104

Total liabilities and shareholders’ equity	11,620,235,096	13,291,080,069	2,036,947,138

Condensed Cash Flows


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB	USD
				(note 2 (al))
Cash flows from operating activities:
Net income	406,478,694	898,662,226	230,384,653	35,307,993
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Issuance cost paid for issuance of convertible senior notes	—	18,646,101	—	—
Change in fair value of convertible senior notes	—	114,149,092	1,202,082,070	184,227,137
Change in fair value of call option	—	(84,891,634)	(476,290,547)	(72,994,720)
Share of income from subsidiaries	(348,543,952)	(911,593,940)	(1,015,006,438)	(155,556,542)
Guarantee income	(6,249,651)	(8,922,475)	(5,063,775)	(776,057)
Exchange (gain)/loss	(53,953,395)	(17,153,258)	73,717,931	11,297,767
Changes in operating assets and liabilities:
(Increase)/decrease in due from subsidiaries	(1,895,298,545)	(871,067,726)	592,424,888	90,793,086
(Increase)/decrease in other current assets	200,153	(110,110)	(9,437,209)	(1,446,316)
Increase/(decrease) in due to subsidiaries	1,177,359,405	(14,890,886)	(658,106,245)	(100,859,194)
Increase/(decrease) in other current liabilities	(166,056)	1,096,958	9,772,273	1,497,666
Net cash provided by operating activities	(720,173,347)	(876,075,652)	(55,522,399)	(8,509,180)

Cash flows from investing activities:
Cash paid for call option	—	(216,905,850)	—	—
Net cash used in investing activities	—	(216,905,850)	—	—

Cash flows from financing activities:
Proceeds from exercise of share options	44,278,857	38,245,122	114,758,281	17,587,476
Repurchase of convertible senior notes	—	(68,632)	—	—
Proceeds from issuance of convertible senior notes	—	585,301,500	—	—
Proceeds from issuance of ordinary shares	663,232,926	488,950,795	—	—
Repurchase of shares	—	—	(29,294,325)	(4,489,552)
Issuance cost paid for issuance of convertible senior notes	—	(18,646,101)	—	—
Net cash used in financing activities	707,511,783	1,093,782,684	85,463,956	13,097,924

Effect of foreign exchange rate changes on cash and cash equivalents	464,662	245,789	(14,991,165)	(2,297,496)

Net increase/(decrease) in cash and cash equivalents	(12,196,902)	1,046,971	14,950,392	2,291,248
Cash and cash equivalents, beginning of year	15,706,763	3,509,861	4,556,832	698,365

Cash and cash equivalents, end of year	3,509,861	4,556,832	19,507,224	2,989,613

Supplemental disclosure of non-cash investing and financing cash flow information
Proceeds from exercise of share options received in subsequent period	—	40,338,943	9,142,819	1,401,198
Receivables related to At-The-Market offering	—	—	641,065,394	98,247,570

RELATED PARTY TRANSACTIONS AND BALANCES - Transaction From Related Party (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues [Abstract]
Revenue from Related Parties			¥ 47,388
Income of financing guarantees	¥ 14,687,691	¥ 18,574,433	26,229,524
Service Expenses provided by Related Parties [Abstract]
Payments for Other Fees	¥ 27,485,358	¥ 39,565,882	¥ 19,741,927
Escrow Service Expenses	9,442,936	23,266,889	20,842,153
Construction Service Fees		¥ 8,935,653	¥ 25,769,137
Jinko Power Group [Member]
Revenues [Abstract]
Revenue from Related Parties	¥ 5,072,143	7,812,477	38,895,833
Revenue from Rental Services	2,177,280	2,177,280	2,177,280
Sweihan Pv [Member]
Revenues [Abstract]
Revenue from Related Parties	51,201,037	144,287,938	1,416,020,214
Income of financing guarantees	3,721,149
ReneSola [Member]
Revenues [Abstract]
Revenue from Related Parties	¥ 0	¥ 0	¥ 47,388

FAIR VALUE MEASUREMENTS (Changes in fair value of rate swap derivative) (Details)	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value of interest rate swap	¥ 78,878,089	$ 12,088,596	¥ 69,974,512	¥ (9,701,051)
Interest Rate Swap [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at January 1,	61,271,965		12,786,001	26,486,388
Change in fair value of interest rate swap	78,878,089		69,974,512	(9,701,051)
Cash settlement	¥ (140,150,054)		(21,488,548)	(3,999,336)
Balance at December 31,			¥ 61,271,965	¥ 12,786,001

OTHER INCOME/(EXPENSES), NET (Schedule Of Other Nonoperating Income/Expense) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Guarantee income	¥ 14,687,691	¥ 18,574,433	¥ 26,229,524
Donations	(12,395,500)	(701,000)	(412,465)
Total	¥ 2,292,191	¥ 17,873,433	¥ 25,817,059
Minimum [Member]
liability term	1 year
Maximum [Member]
liability term	16 years

SHARE BASED COMPENSATION - Summary of Non-vested Shares (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Weighted-average fair value on grant date (RMB/Share)
Fair Value Of Shares Vested	¥ 4,132,648	¥ 65,621,884	¥ 63,100,120

INTEREST EXPENSE, NET (Details)	12 Months Ended
INTEREST EXPENSE, NET (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
INTEREST EXPENSE, NET
Interest expense	¥ 705,158,872		¥ 605,882,474	¥ 429,347,128
Less: Interest Capitalization	(29,306,768)		(43,841,311)	(51,243,764)
Less: Interest income	(216,618,294)		(170,984,099)	(83,461,323)
Amortisation of bond issuance costs	0		525,000	1,050,000
Total	¥ 459,233,810	$ 70,380,661	¥ 391,582,064	¥ 295,692,041

BORROWINGS - Long-term Future Principal Repayments (Details)	Dec. 31, 2020 CNY (¥)
BORROWINGS
2021	¥ 681,591,988
2022	417,713,309
2023	85,121,622
2024	2,026,179,912
2025	2,001,306,822
Thereafter	2,771,214,164
Total	¥ 7,983,127,817

SHARE BASED COMPENSATION - Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2020 CNY (¥) $ / shares shares	Dec. 31, 2020 $ / shares
Number of option outstanding
Balance as of January 1, 2020 \| shares	4,555,288
Granted \| shares	0
Exercise \| shares	(3,750,540)
Forfeited \| shares	(88,000)
Balance as of December 31, 2020 \| shares	716,748
Vested and expected to vest as of December 31,2019 \| shares	689,968
Vested and exercisable as of December 31, 2019 \| shares	592,760
Weighted-Average Exercise Price
Balance as of January 1, 2019 \| $ / shares	$ 3.34
Granted \| $ / shares	0
Exercise \| $ / shares	3.32
Forfeited \| $ / shares	3.29
Balance as of December 31, 2019 \| $ / shares	$ 3.46
Vested and expected to vest as of December 31,2019 \| $ / shares		$ 3.63
Vested and exercisable as of December 31, 2019 \| $ / shares		$ 3.69
Weighted-Average Remaining Contractual Term
Balance as of December 31 2019	5 years 3 months
Vested and expected to vest as of December 31,2019	4 years 29 days
Vested and exercisable as of December 31, 2019	3 years 9 months 14 days
Aggregate Intrinsic value
Balance as of December 31 2019 \| ¥	$ 58,835,911
Vested and expected to vest as of December 31,2019 \| ¥	53,289,086
Vested and exercisable as of December 31, 2019 \| ¥	$ 45,563,647

OTHER PAYABLES AND ACCRUALS (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
OTHER PAYABLES AND ACCRUALS
Payables for purchase of property, plant and equipment	¥ 1,973,618,323		¥ 1,907,043,892
Freight payables	505,793,582		463,924,999
Accrued utilities, rentals and interest	338,652,891		86,349,122
Countervailing and anti-dumping duty	255,616,292		326,735,668
Accrued warranty cost	122,799,090		99,471,928
Commission payables	90,591,153		30,558,458
Value-added tax and other tax payables	38,709,295		43,243,416
Contracted labor fee	18,351,990		55,971,430
Accrued professional service fees	11,434,943		10,881,679
Insurance premium payables	6,811,786		740,908
Others	46,015,997		31,008,256
Total	¥ 3,408,395,342	$ 522,359,435	¥ 3,055,929,756

ADVANCES TO SUPPLIERS, NET - THIRD PARTIES

12 Months Ended

Dec. 31, 2020

ADVANCES TO SUPPLIERS, NET - THIRD PARTY

ADVANCES TO SUPPLIERS, NET - THIRD PARTY

9. ADVANCES TO SUPPLIERS, NET – THIRD PARTIES


	As of December 31,
	2019	2020
	RMB	RMB
Advances to suppliers - current	2,529,898,199	1,008,557,523
Provision for advances to suppliers	(7,524,746)	(5,944,440)
Advances to suppliers, net	2,522,373,453	1,002,613,083

As of December 31, 2019 and 2020, advances to suppliers with term of less than 1 year mainly represent payments for procurement of recoverable silicon materials, virgin polysilicon and solar cells and the Group has delivery plan with the respective suppliers to receive the materials in the next twelve months. There were no provisions recorded against advances to suppliers for the years ended December 31, 2018, 2019 and 2020. The Group wrote off fully impaired balances of advances to suppliers with the amount of RMB1,580,306 during the year ended December 31, 2020.

PREPAYMENTS AND OTHER CURRENT ASSETS (Details)		1 Months Ended			12 Months Ended
PREPAYMENTS AND OTHER CURRENT ASSETS (Details)	Jan. 22, 2014 shares	May 31, 2019 CNY (¥) shares	May 31, 2019 USD ($) shares	Feb. 28, 2018 USD ($) shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Jul. 17, 2017 CNY (¥)
Derivative [Line Items]
Receivables related to At-The-Market offering								¥ 641,065,394	$ 98,247,570
Receivables related to disposal of Property, plant and equipment								92,734,513	14,212,186
Loan receivable						¥ 1,529,800,657		1,051,561,153	161,158,797
Prepaid insurance premium						111,611,828		112,884,194
Less: Allowance for credit losses						0		(9,588,242)
Total						1,573,481,940		3,020,592,138	$ 462,925,998
Issuance of shares (in shares) \| shares		18,687,500	18,687,500	16,560,000	5,976,272
Proceeds from common stock offering		¥ 488,950,000	$ 70,900,000	$ 71,100,000		¥ 488,950,795	¥ 663,235,987
Debt Instrument, Term					1 year	1 year
Interest rate										7.37%
Debt, face amount						¥ 300,000,000				¥ 300,000,000
Due from Related Parties						¥ 91,416,575		¥ 75,930,094
American Depositary Shares
Derivative [Line Items]
Issuance of shares (in shares) \| shares	3,750,000	4,671,875	4,671,875	4,140,000	1,494,068
Loan One
Derivative [Line Items]
Interest rate						4.35%		4.35%	4.35%
Debt, face amount						¥ 20,000,000		¥ 20,000,000
Loan Two
Derivative [Line Items]
Interest rate						4.35%		4.35%	4.35%
Debt, face amount						¥ 68,331,364		¥ 68,331,364
At-the-market offering
Derivative [Line Items]
Issuance of shares (in shares) \| shares					5,976,272
Proceeds from common stock offering \| $					$ 98,250,000
Foreign exchange option
Derivative [Line Items]
Value-added tax deductible						701,407,085		1,228,162,128
Receivables related to At-The-Market offering						0		641,065,394
Deposit for customer duty, bidding and others						257,678,467		308,375,568
Prepayment for income tax						72,143,019		272,139,601
Prepayment of electricity and others						181,596,189		202,359,031
Receivables related to disposal of Property, plant and equipment						0		92,734,513
Loan receivable						91,416,575		75,930,094
Receivables related to discount from a supplier						21,492,474		36,376,908
Receivable of option exercised						40,338,943		9,142,819
Prepaid insurance premium						28,351,182		9,095,273
Rental deposit and prepayment						7,953,767		5,517,324
Employee advances						10,134,076		5,385,718
Prepaid professional service fee						421,502		400,157
Others						118,755,562		143,495,852
Less: Allowance for credit losses						0		(9,588,242)
Total						1,573,481,940		3,020,592,138
Receivable related to disposal of subsidiaries (note 1)						¥ 41,793,099		¥ 0
Maturity period of derivative					12 months

LEASES - Sale and Lease Back (Details)	1 Months Ended					12 Months Ended
LEASES - Sale and Lease Back (Details)	May 31, 2018 CNY (¥)	Jan. 31, 2018 CNY (¥)	Nov. 30, 2017 CNY (¥)	Jul. 31, 2017 CNY (¥)	May 31, 2017 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2015 CNY (¥)	Dec. 31, 2020 USD ($)
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, lease terms		three years		four years	three years					three years	three years
Finance expenses for early termination of contract										¥ 1,400,000	¥ 1,400,000
Sale leaseback transaction, carrying amount		¥ 52,000,000.0		¥ 815,400,000	¥ 201,100,000
Sale leaseback transaction, consideration		50,000,000.0		600,000,000.0	150,000,000.0
Loss on sale leaseback transaction		2,000,000.0		215,400,000	¥ 51,100,000
Ownership upon expiration of lease term		¥ 1,000,000.0		¥ 600,000
Financing lease term	2 years		2 years
Carrying amount of leased asset						¥ 12,455,443,559		¥ 10,208,204,549				$ 1,908,880,239
Amortized deferred losses related to sale-leaseback transactions						¥ 27,502,575	$ 4,214,954	¥ 33,560,902	¥ 36,638,880
Machinery And Equipment Under Lease [Member]
Sale Leaseback Transaction [Line Items]
Carrying amount of leased asset	¥ 72,000,000.0		¥ 74,900,000
Minimum [Member]
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, lease terms										one	one
Maximum [Member]
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, lease terms										Three Years	Three Years

EARNINGS PER SHARE - Additional (Details) - shares	12 Months Ended
EARNINGS PER SHARE - Additional (Details) - shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded	17,708,332	17,708,332	873
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Incremental shares under treasury stock method	1,110,760

FAIR VALUE MEASUREMENTS (Assets and Liabilities Measured Using Unobservable Inputs) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Call Option [Member]
Issuance of convertible senior notes	¥ 0	¥ 206,577,000
Balance at January 1,	294,177,634	0	¥ 0
Issuance of call options	0	206,577,000
Foreign exchange (gain)/loss	(13,539,000)	2,709,000
Change in fair value of call options	476,290,547	84,891,634
Balance at December 31,	756,929,181	294,177,634	0
Convertible Senior Notes [Member]
Balance at January 1,	728,215,869	68,632	65,342
Issuance of convertible senior notes		585,301,500
Foreign exchange (gain)/loss	(38,359,987)	7,675,500	3,290
Change in fair value of convertible senior notes	1,202,082,070	114,149,092
Change in the instrument-specific credit risk	(60,325,828)	21,089,777
Repurchase of convertible senior notes		(68,632)
Balance at December 31,	¥ 1,831,612,124	728,215,869	¥ 68,632
Issuance of call options		¥ 585,301,500

ADVANCES TO SUPPLIERS, NET - THIRD PARTIES (Tables)

12 Months Ended

Dec. 31, 2020

ADVANCES TO SUPPLIERS, NET - THIRD PARTY

Schedule of Advances to Suppliers


	As of December 31,
	2019	2020
	RMB	RMB
Advances to suppliers - current	2,529,898,199	1,008,557,523
Provision for advances to suppliers	(7,524,746)	(5,944,440)
Advances to suppliers, net	2,522,373,453	1,002,613,083

TAXATION - Income Tax Rate Reconciliation (Details)	12 Months Ended
TAXATION - Income Tax Rate Reconciliation (Details)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
TAXATION
Statutory CIT rate	25.00%	25.00%	25.00%
-Share-based compensation expenses	0.10%	0.10%	1.10%
-Change in fair value of convertible senior notes and call options	32.00%	0.60%	0.00%
-Accrued payroll and welfare expenses	0.40%	0.50%	4.20%
-Change of enacted tax rate	(7.20%)	0.70%	(3.20%)
-Other non-deductible expenses including tax preferences	(6.60%)	(7.00%)	(19.50%)
Difference in tax rate of subsidiaries outside the PRC	(3.10%)	4.50%	0.60%
Effect of tax holiday for subsidiaries	(7.80%)	(4.60%)	(14.00%)
Change in valuation allowance	(1.30%)	2.40%	6.90%
Effective tax rate	31.50%	22.20%	1.10%

LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Sale Leaseback Transaction [Line Items]

Schedule of balances for the operating and finance leases where the Group is the lessee

The balances for the operating and finance leases where the Group is the lessee are presented as follows:


	2019	2020
	December 31	December 31
	RMB	RMB
Operating leases:
Operating lease liabilities - current	40,043,113	48,244,010
Operating lease liabilities - non-current	279,534,370	277,239,113
Total operating lease liabilities	319,577,483	325,483,123
Operating lease right-of-use assets, net	317,903,640	316,512,346

Financing leases:
Financing lease liabilities - current	227,613,208	272,329,554
Financing lease liabilities - non-current	583,490,228	313,087,663
Total financing lease liabilities	811,103,436	585,417,217
Financing lease right-of-use assets, net	1,259,713,215	829,122,192

Schedule of components of lease expenses

(a)

The components of lease expenses were as follows:


	As of December 31,
	2019	2020
	RMB	RMB
Lease cost:
Amortization of right-of-use assets	145,539,290	146,965,210
Interest of lease liabilities	45,811,621	46,533,172
Expenses for short-term lease within 12 months	5,064,442	6,431,457
Total lease cost	196,415,353	199,929,839

(b)

Supplemental cash flow information related to leases was as follows:


	As of December 31,
	2019	2020
	RMB	RMB
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	50,758,114	50,403,567
Operating cash outflows for finance leases	23,340,016	32,628,104
Financing cash outflows for finance leases	284,089,511	250,935,455
Total cash paid for amounts included in the measurement of lease liabilities:	358,187,641	333,967,126

Lease obligation accrued in exchange for right-of-use assets:
Operating lease liabilities	269,671,708	76,559,666
Finance lease liabilities	937,056,577	—
Total lease obligation accrued in exchange for right-of-use assets:	1,206,728,285	76,559,666

(c)

Supplemental balance sheet information related to leases was as follows:


	As of December 31,
	2019	2020
Weighted-average remaining lease term	3.57 years	3.64 years
Weighted-average discount rate	5.64 %	5.86 %

(d)

Maturities of lease liabilities were as follows:

Schedule of maturities of finance lease liabilities


Year ending December 31,		RMB
Year ended December 31,
2021		362,923,741
2022		235,245,859
2023		232,895,559
Thereafter		182,353,507
Total undiscounted lease payments		1,013,418,666
Less: imputed interest		(102,518,326)
Total lease liabilities		910,900,340

Schedule of maturities of operating lease liabilities


Year ending December 31,		RMB
Year ended December 31,
2021		369,355,198
2022		235,245,859
2023		232,895,559
Thereafter		182,353,507
Total minimum lease payments		1,019,850,123

Schedule of net value of leased assets


	As of December 31,
	2019	2020
	RMB	RMB
Buildings	3,567,558,224	4,396,121,001
Machinery and equipment	8,785,627,088	10,322,000,488
Motor vehicles	45,116,481	58,256,515
Furniture, fixture and office equipment	501,050,699	834,725,017
	12,899,352,492	15,611,103,021
Less: Accumulated depreciation	(3,497,199,736)	(3,863,719,503)
Subtotal	9,402,152,756	11,747,383,518
Construction in progress	806,051,793	708,060,041
Property, plant and equipment, net	10,208,204,549	12,455,443,559

Machinery And Equipment Under Lease [Member]

Sale Leaseback Transaction [Line Items]

Schedule of net value of leased assets


	As of December 31,
	2019	2020
	RMB	RMB
Equipment	1,510,944,643	1,072,214,761
Less: accumulated depreciation	(251,231,428)	(243,092,569)
Net Value	1,259,713,215	829,122,192

BONDS PAYABLE AND ACCRUED INTEREST

12 Months Ended

Dec. 31, 2020

BONDS PAYABLE AND ACCRUED INTEREST

BONDS PAYABLE AND ACCRUED INTEREST

19. BONDS PAYABLE AND ACCRUED INTEREST

On July 17, 2017, Jiangxi Jinko issued a three year medium term notes (“MTN”) with an aggregate principal of RMB300,000,000 which bears a fixed annual interest rate of 7.37% and will mature on July 17, 2020. MTN are issued at face value, unsecured from the issuance date. At the end of the second year in the life of the MTN, the Group has the option to adjust the interest rate, and the MTN holders will have the right to require Jiangxi Jinko to repurchase all or part of their MTNs, at such time. As at December 31, 2018, based on Jiangxi Jinko’s communication with the investors, all investors of the MTN agreed to hold the bond till its maturity. The bond is recorded on amortized cost basis with the interest rate of 7.37%. Interest expense related to MTN was RMB11,792,000, RMB11,792,000 and nil for the year ended December 31, 2018, 2019 and 2020.According to ASU 2015-03, the MTN issuance costs amounted to RMB2,100,000 was recorded as direct deduction from the carrying amount of the MTN liability, and amortized over a two-year period, from the issuance date to the date the put option of the MTN holders is first exercisable.

The Company early repurchased the MTN with the face value of RMB300,000,000 and settled all the interests in the year ended December 31, 2019. No income/loss related to the repurchase of the MTN incurred during the year ended December 31, 2019 and 2020.

FAIR VALUE MEASUREMENTS (Fair Value Of Rap Cap Derivative) (Details) - Interest Rate Cap [Member] - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at January 1,	¥ 72,019,365	¥ 92,404,068	¥ 148,187,615
Additions		2,164,200	1,425,026
Amortization	(14,687,691)	(18,574,433)	(28,243,063)
Cancellation		(3,974,470)	(28,965,510)
Balance at December 31,	¥ 57,331,674	¥ 72,019,365	¥ 92,404,068

REVENUES (Revenues by Location) (Details)	12 Months Ended
REVENUES (Revenues by Location) (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	¥ 35,129,458,616	$ 5,383,825,075	¥ 29,746,287,759	¥ 25,042,613,341
China
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	6,370,974,981		5,195,021,423	6,610,688,059
North America
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	10,098,115,960		7,550,454,941	2,746,348,909
Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	4,644,486,810		5,201,919,985	1,984,476,407
Asia Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	9,603,210,650		7,304,164,060	6,575,869,478
Rest of the world
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	¥ 4,412,670,215		¥ 4,494,727,350	¥ 7,125,230,488

INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES

INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES

12 Months Ended

Dec. 31, 2020

INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES

12. INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES

Investments accounted for under the equity method.

On February 26, 2017, JinkoSolar signed a shareholder agreement with AxiaPower Holdings B.V. (“Axia”), a subsidiary of Marubeni Corporation, to jointly invest in and establish a company named SweihanSolar Holding Company Limited (“SSHC”) to hold 40% equity interest of Sweihan PV Power Company P.J.S.C (“the Project Company”), which develops and operates solar power projects in Dubai. In April 2019, JinkoSolar made pro rata additional capital injection to SSHC with the amount of RMB295 million. JinkoSolar holds 50% equity interest in the SSHC and accounts for its investment using the equity method. JinkoSolar’s share of SSHC’s results of operations is included in equity (loss)/income in affiliated companies in the Group’s consolidated statements of operations, with an income of RMB3,501,228, a loss of RMB47,852,250 and a loss of RMB50,227,012 for the years ended December 31,2018, 2019 and 2020, respectively. JinkoSolar sold modules of 609.4 MW, 64.4 MW and 32.2 MW and recognized revenue of RMB1,416.0 million,RMB144.3 million and RMB51.2 million on sales to the Project Company (Note 28) during the years ended December 31, 2018, 2019 and 2020, respectively. Unrealized profit amounted to RMB2,593,322, RMB5,943,014 and unrealized loss amounted to RMB219,837 in connection with the intercompany transactions with the Project Company was eliminated during the years ended December 31, 2018, 2019 and 2020, respectively. The Group received dividend in cash from SSHC with the amount of RMB15,597,932 during the year of 2020 which was recorded as a reduction of the carrying amount of the investment. The carrying value of this investment was RMB250,698,341 and RMB184,873,397 at December 31, 2019 and 2020.

On March 30, 2017, JinkoSolar signed a shareholder agreement with Yangzhou Tiansheng PV-Tech Co., Ltd., a Chinese PV enterprise, to jointly invest in and establish a company named Jiangsu Jinko-Tiansheng Co., Ltd. (“Jinko-Tiansheng”) to process and assemble PV modules as OEM manufacturer in Jiangsu province, China. JinkoSolar holds 22% equity interest in Jinko-Tiansheng and accounts for its investment using the equity method. JinkoSolar’s share of Jinko-Tiansheng’s results of operations is included in equity (loss)/income in affiliated companies in the Group’s consolidated statements of operations, with a loss of RMB891,377, RMB1,002,465 and RMB5,312,252 for the years ended December 31, 2018, 2019 and 2020, respectively. Jinko Tiansheng charged processing fee amounted to RMB19,741,927, RMB39,565,882 and RMB27,485,358 to the Company for its OEM services provided (Note 28) during the years ended December 31, 2018, 2019 and 2020, respectively. Unrealized profit amounted to RMB696,551, unrealized loss amounted RMB1,801,626 and unrealized profit amounted to RMB2,562,378 due to the intercompany transactions with Jinko Tiansheng was eliminated for the years ended December 31, 2018, 2019 and 2020, respectively. The carrying value of this investment was RMB12,122,946 and RMB9,384,142 at December 31, 2019 and 2020, respectively.

Equity securities without readily determinable fair values

In May 2012, the Group acquired a 9% stake in Heihe Hydropower Development Co., Ltd, a company in Gansu province, China, for a consideration of RMB7,200,000. Such equity securities without readily determinable fair values are measured and recorded using a measurement alternative that measures the securities at cost as adjusted for observable price changes and impairments with the amount of RMB7,200,000 as of December 31, 2019. The Group disposed such equity securities to a third party in the third quarter of 2020 with the consideration of RMB7,200,000, offsetting against the payable balance due to the third party.

OTHER PAYABLES AND ACCRUALS

12 Months Ended

Dec. 31, 2020

OTHER PAYABLES AND ACCRUALS

OTHER PAYABLES AND ACCRUALS

18. OTHER PAYABLES AND ACCRUALS

Other payables and accruals consisted of the following:


	As of December 31,
	2019	2020
	RMB	RMB
Payables for purchase of property, plant and equipment	1,907,043,892	1,973,618,323
Freight payables	463,924,999	505,793,582
Accrued utilities, rentals and interest	86,349,122	338,652,891
Countervailing and anti-dumping duty	326,735,668	255,616,292
Accrued warranty cost	99,471,928	122,799,090
Commission payables	30,558,458	90,591,153
Value-added tax and other tax payables	43,243,416	38,709,295
Contracted labor fee	55,971,430	18,351,990
Accrued professional service fees	10,881,679	11,434,943
Insurance premium payables	740,908	6,811,786
Others	31,008,256	46,015,997
Total	3,055,929,756	3,408,395,342

CONSOLIDATED BALANCE SHEETS	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 7,481,678,114	$ 1,146,617,335	¥ 5,653,853,691
Restricted cash	593,093,671	90,895,582	576,546,098
Restricted short-term investments	6,400,637,248	980,940,574	6,930,501,767
Short-term investments	570,000,000	87,356,322
Accounts receivable, net - related parties	410,358,136	62,890,136	520,503,579
Accounts receivable, net - third parties	4,534,758,279	694,982,112	5,266,350,650
Notes receivable - related party	33,001,402	5,057,686	18,628,574
Notes receivable, net - third parties	1,051,561,153	161,158,797	1,529,800,657
Advances to suppliers - third parties	1,002,613,083	153,657,177	2,522,373,453
Inventories, net	8,376,935,829	1,283,821,583	5,818,788,985
Foreign exchange forward contract receivables	183,146,199	28,068,383	52,281,183
Other receivables - related parties	23,756,223	3,640,800	54,318,280
Held-for-sale assets	0	0	1,170,817,846
Prepayments and other current assets	3,020,592,138	462,925,998	1,573,481,940
Total current assets	33,682,131,475	5,162,012,485	31,688,246,703
Non-current assets:
Restricted long-term investments	1,389,194,457	212,903,365	531,157,976
Accounts receivable, net - third parties	26,404,958	4,046,737	0
Project assets, net	645,354,723	98,904,938	798,243,129
Investments in affiliates	194,257,539	29,771,270	278,021,287
Property, plant and equipment, net	12,455,443,559	1,908,880,239	10,208,204,549
Land use rights, net	760,961,584	116,622,465	597,922,450
Intangible assets, net	35,837,648	5,492,360	36,395,056
Deferred tax assets	255,107,432	39,096,924	271,286,263
Financing lease right-of-use assets, net	829,122,192	127,068,535	1,259,713,215
Operating lease right-of-use assets, net	316,512,346	48,507,639	317,903,640
Call option related to convertible senior notes	756,929,181	116,004,472	294,177,634
Other assets - related parties	107,318,909	16,447,342	96,753,306
Other assets - third parties	1,777,798,867	272,459,596	1,466,692,145
Total non-current assets	19,550,243,395	2,996,205,882	16,156,470,650
Total assets	53,232,374,870	8,158,218,367	47,844,717,353
Current liabilities:
Accounts payable - related parties	14,113,577	2,163,000	36,309,710
Accounts payable - third parties	4,436,495,099	679,922,621	4,952,629,856
Notes payable - third parties	9,334,876,307	1,430,632,384	7,518,569,682
Accrued payroll and welfare expenses	995,054,181	152,498,725	879,465,292
Advances from related parties	0	0	748,615
Advances from third parties	2,451,495,092	375,708,060	4,350,380,332
Income tax payable	73,720,203	11,298,115	117,422,380
Foreign exchange forward derivatives payables	17,894,719	2,742,486	3,856,561
Convertible senior notes - current	1,831,612,124	280,706,839
Financing lease liabilities - current	272,329,554	41,736,330	227,613,208
Operating lease liabilities - current	48,244,010	7,393,718	40,043,113
Short-term borrowings, including current portion of long-term borrowings, and failed sale-leaseback financing	8,238,530,781	1,262,610,081	9,047,249,911
Other payables and accruals - third parties	3,408,395,342	522,359,435	3,055,929,756
Other payables - related parties	71,515,404	10,960,215	13,127,352
Guarantee liabilities to related parties	22,519,228	3,451,223	25,687,692
Held-for-sale liabilities	0	0	1,008,195,707
Total current liabilities	31,216,795,621	4,784,183,232	31,277,229,167
Non-current liabilities:
Long-term borrowings	7,301,535,829	1,119,009,322	1,586,187,165
Finance lease obligations and others	0	0
Long-term payables	97,372	14,923
Accrued warranty costs - non-current	769,331,650	117,905,234	651,968,415
Financing lease liabilities - non-current	313,087,663	47,982,784	583,490,228
Operating lease liabilities - non-current	277,239,113	42,488,753	279,534,370
Convertible senior notes	0	0	728,215,869
Deferred tax liability	328,713,193	50,377,501	250,733,941
Guarantee liabilities to related parties - non-current	34,812,446	5,335,241	46,331,673
Total non-current liabilities	9,024,817,266	1,383,113,758	4,126,461,661
Total liabilities	40,241,612,887	6,167,296,990	35,403,690,828
Commitment and contingencies
Shareholders' equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 180,653,497 and 190,380,309 shares issued as of December 31, 2019 and December 31, 2020, respectively, 178,930,297 and 187,434,469 shares outstanding as of December 31, 2019 and December 31, 2020, respectively.)	26,052	3,993	24,767
Additional paid-in capital	5,251,244,630	804,788,449	4,582,849,862
Statutory reserves	692,008,508	106,054,944	689,706,737
Accumulated other comprehensive income	(128,615,450)	(19,711,180)	62,952,198
Treasury stock, at cost; 1,723,200 and 2,945,840 ordinary shares as of December 31, 2019 and December 31, 2020, respectively.	(43,169,878)	(6,616,073)	(13,875,553)
Retained earnings	4,216,350,412	646,183,971	3,981,660,004
Total JinkoSolar Holding Co., Ltd. shareholders' equity	9,987,844,274	1,530,704,104	9,303,318,015
Non-controlling interests	3,002,917,709	460,217,273	3,137,708,510
Total shareholders' equity	12,990,761,983	1,990,921,377	12,441,026,525
Total liabilities, redeemable non-controlling interest and shareholders' equity	¥ 53,232,374,870	$ 8,158,218,367	¥ 47,844,717,353

LEASES - Operating and Finance Leases (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Operating leases:
Operating lease liabilities - current	¥ 48,244,010	$ 7,393,718	¥ 40,043,113
Operating lease liabilities - non-current	277,239,113	42,488,753	279,534,370
Total operating lease liabilities	325,483,123		319,577,483
Operating lease right-of-use assets, net	316,512,346	48,507,639	317,903,640
Financing leases:
Financing lease liabilities - current	272,329,554	41,736,330	227,613,208
Financing lease liabilities - non-current	313,087,663	47,982,784	583,490,228
Total financing lease liabilities	585,417,217		811,103,436
Financing lease right-of-use assets, net	¥ 829,122,192	$ 127,068,535	¥ 1,259,713,215

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2020

EARNINGS PER SHARE

Schedule of Earnings Per Share


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Numerator:
Net income	405,575,533	924,352,495	335,255,274
Less: Net (loss)/income attributable to non-controlling interests	(903,161)	25,690,269	104,870,621
Net income attributable to JinkoSolar’s ordinary shareholders	406,478,694	898,662,226	230,384,653
Dilutive effects of call option	—	(91,066,662)	(462,751,547)
Numerator for diluted income per share	406,478,694	807,595,564	(232,366,894)

Denominator:
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding	153,806,379	169,363,306	178,938,853
Dilutive effects of share options	897,786	1,909,930	—
Dilutive effects of call option	—	(4,705,479)	(7,500,000)
Denominator for diluted calculation - weighted average number of ordinary shares outstanding	154,704,166	166,567,757	171,438,853

Basic earnings per share attributable to JinkoSolar’s ordinary shareholders	2.64	5.31	1.29
Diluted earnings per share attributable to JinkoSolar’s ordinary shareholders	2.63	4.85	(1.36)

TAXATION - Movement of Valuation Allowances (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
TAXATION
At beginning of year	¥ (144,316,817)	¥ (114,620,700)	¥ (86,443,363)
Current year additions	(37,426,345)	(62,415,889)	(29,565,816)
Utilization and reversal of valuation allowances	44,895,888	32,719,772	1,388,479
At end of year	¥ (136,847,274)	¥ (144,316,817)	¥ (114,620,700)

BORROWINGS - Long-term Narrative details (Details)	1 Months Ended					9 Months Ended	12 Months Ended
BORROWINGS - Long-term Narrative details (Details)	Aug. 31, 2020	Jul. 31, 2020 CNY (¥)	Apr. 30, 2020 CNY (¥)	Feb. 29, 2020 CNY (¥)	Jan. 31, 2020 CNY (¥)	Sep. 30, 2020 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 MXN ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jan. 31, 2018 CNY (¥)	Dec. 31, 2017 USD ($)	Jul. 31, 2017 CNY (¥)	Jul. 17, 2017 CNY (¥)	May 31, 2017 CNY (¥)
Debt Instrument [Line Items]
Debt term							1 year	1 year
Debt, face amount														¥ 300,000,000						¥ 300,000,000
Debt Instrument, Interest Rate, Stated Percentage																				7.37%
Long Term Debt							¥ 7,983,127,817
Loans payable to bank							938,717,151							1,390,440,838
Loans payable to bank, current							190,243,717							241,775,211
Carrying amount of solar project sold																	¥ 52,000,000.0		¥ 815,400,000		¥ 201,100,000
Short-term borrowings							8,238,530,781							9,047,249,911
Amount due in September 30, 2021							24,631,579
Government Background Companies [Member]
Debt Instrument [Line Items]
Capital injections								¥ 845,780,000
Jinko Chuzhou [Member]
Debt Instrument [Line Items]
Long Term Debt							833,242,979
Fixed annual return (as a percent)	4.35%
Equity interest that will be repurchased (as a percent)	45.00%
Noncontrolling interest derecognized						¥ 858,872,176
New loan liabilities at fair value						845,754,728
Jinko Yiwu [Member]
Debt Instrument [Line Items]
Long Term Debt							795,375,501
Fixed annual return (as a percent)	6.00%
Equity interest that will be repurchased (as a percent)	45.00%
Noncontrolling interest derecognized						778,531,455
New loan liabilities at fair value						¥ 817,984,401
Jinko Yiwu [Member] \| Government Background Companies [Member]
Debt Instrument [Line Items]
Capital injections							765,000,000
Jinko ShangRao [Member]
Debt Instrument [Line Items]
Equity interest (as a percent)			45.00%
Jinko ShangRao [Member] \| Government Background Companies [Member]
Debt Instrument [Line Items]
Debt, face amount							¥ 1,902,000,000
Debt Instrument, Interest Rate, Stated Percentage							4.90%					4.90%
Capital injections			¥ 4,500,000,000
Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate							5.00%
Debt instrument, interest rate spread							5.00%
Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate							9.00%
Debt instrument, interest rate spread							9.00%
Financings Associated With Failed Sale Lease Back Transactions [Member]
Debt Instrument [Line Items]
Long Term Debt							¥ 907,448,923							725,604,249
Current portion of debt							491,348,271							288,082,711
Carrying amount of solar project sold							583,000,000.0							1,055,200,000
Cash consideration for solar project sold							572,400,000	¥ 927,000,000.0
Financings Associated With Failed Sale Lease Back Transactions [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Lease term								1 year
Financings Associated With Failed Sale Lease Back Transactions [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Lease term								6 years
Loan agreement with The Export-Import Bank of China [Member]
Debt Instrument [Line Items]
Debt, face amount														¥ 609,283,000
Effective interest rate													3.82%	3.82%	3.82%
Long Term Debt														¥ 69,881,000
China Merchants Bank [Member]
Debt Instrument [Line Items]
Debt term											10 years
Debt, face amount											¥ 87,880,000
Debt Instrument, Interest Rate, Stated Percentage											5.39%
Long Term Debt							51,253,014
Current portion of debt							8,841,107
Debt Instrument, Collateral Amount							¥ 136,887,026
Loan Agreement With Credit Suisse Ag [Member]
Debt Instrument [Line Items]
Debt term									3 years	3 years
Debt, face amount									¥ 279,048,000	¥ 41,857,200						$ 40,000,000		$ 6,000,000
Debt Instrument, Interest Rate, Stated Percentage									5.62%	5.62%						5.62%		5.62%
Consortium Loan one [Member]
Debt Instrument [Line Items]
Debt term							7 years	7 years
Debt instrument, description of variable rate basis								2% and LIBOR
Line of Credit Facility, Current Borrowing Capacity													$ 162,564,059	780,163,451	$ 103,248,381
Debt Instrument, Collateral Amount														1,043,516,591
Consortium Loan Two [Member]
Debt Instrument [Line Items]
Debt term									14 years
Debt, face amount									¥ 733,797,213							$ 105,185,805
Current portion of debt							¥ 27,330,260
Line of Credit Facility, Current Borrowing Capacity							455,214,137					$ 69,765,688
Debt Instrument, Collateral Amount							¥ 822,600,064
Consortium Loan Three [Member]
Debt Instrument [Line Items]
Debt term									7 years
Debt instrument, description of variable rate basis									2% and LIBOR
Line of Credit Facility, Current Borrowing Capacity													$ 7,328,535	135,019,993	$ 18,967,411
Debt Instrument, Collateral Amount														240,524,789
Seven Year Loan Agreement [Member]
Debt Instrument [Line Items]
Debt, face amount									¥ 136,708,427							$ 19,596,403
Loan Agreement With China Everbright Bank [Member]
Debt Instrument [Line Items]
Debt term							2 years	8 years
Debt, face amount							¥ 100,000,000							¥ 372,000,000
Debt Instrument, Interest Rate, Stated Percentage							4.90%					4.90%	6.37%	6.37%	6.37%
Loans payable to bank							¥ 302,250,000
Loans payable to bank, current							46,500,000
Debt Instrument, Collateral Amount							273,881,855							¥ 674,395,829
Agreement With China CITIC Bank [Member]
Debt Instrument [Line Items]
Debt term								2 years
Debt, face amount														¥ 30,000,000
Debt Instrument, Interest Rate, Stated Percentage													8.50%	8.50%	8.50%
Other long term borrowings
Debt Instrument [Line Items]
Long Term Debt							6,136,961,743
Rui Xu's Loan Agreement With Government Background Company [Member]
Debt Instrument [Line Items]
Debt term					5 years
Debt, face amount					¥ 40,000,000
Debt Instrument, Interest Rate, Stated Percentage					4.75%
Loan Agreement With Ping An International Financial Leasing Co., Ltd [Member]
Debt Instrument [Line Items]
Debt term		2 years
Debt, face amount		¥ 49,263,158
Long Term Debt							¥ 43,105,263
Jiangxi Jinko Loan Agreement With Shangrao Changxi Trade Co.,Ltd (Member)
Debt Instrument [Line Items]
Debt term				1 year 6 months
Debt, face amount				¥ 30,000,000
Debt Instrument, Interest Rate, Stated Percentage				8.68%
Guochuang Investment [Member]
Debt Instrument [Line Items]
Debt term										3 years
Debt, face amount										¥ 50,000,000

OTHER ASSETS - THIRD PARTIES - Additional (Details) $ in Thousands, ¥ in Millions	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2017 USD ($)	Jan. 01, 2017	Dec. 31, 2016	Jan. 01, 2016	Dec. 31, 2015 CNY (¥)	Dec. 31, 2015 USD ($)	Jan. 01, 2015
OTHER ASSETS - THIRD PARTIES
Counter Veiling Duty Percentage	4.22%		4.22%			20.94%	20.94%	12.67%	20.94%	12.70%	20.94%	20.94%	10.64%
Reversal Of Refundable Deposits	¥ 153.3		$ 23,500	¥ 230.1	$ 32,500	¥ 2.6	$ 400				¥ 209.5	$ 30,500
Discounting impact recorded as cost of sales	¥ 19.3	$ 2,810

LAND USE RIGHTS, NET (Tables)

12 Months Ended

Dec. 31, 2020

LAND USE RIGHTS, NET

Schedule of Land Use Rights


	As of December 31,
	2019	2020
	RMB	RMB
Land use rights	674,173,731	849,542,147
Less: accumulated amortization	(76,251,281)	(88,580,563)
Land use rights, net	597,922,450	760,961,584

PRINCIPAL ACCOUNTING POLICIES (Movement of accrued warranty cost) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
PRINCIPAL ACCOUNTING POLICIES
At beginning of year	¥ 751,440,343	¥ 656,677,245	¥ 643,307,854
Additions	363,159,029	303,652,391	278,417,311
Utilization	(98,525,648)	(85,035,667)	(102,600,327)
Reversal to selling and marketing expense	(123,942,984)	(123,853,626)	(162,447,593)
At end of year	¥ 892,130,740	¥ 751,440,343	¥ 656,677,245

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Cash flows from operating activities:
Net income	¥ 335,255,274	$ 51,380,119	¥ 924,352,495	¥ 405,575,533
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Share-based compensation charge:	922,868	141,436	4,578,315	29,307,903
Change in fair value of foreign exchange options	3,607,817	552,922	330,706	9,720,182
Change in fair value of convertible senior notes	(1,202,082,070)	(184,227,137)	(114,149,092)	0
Change in fair value of interest rate swap	78,878,089	12,088,596	69,974,512	(9,701,051)
Convertible senior notes issuance expense	0	0	18,646,101	0
Deferred income taxes	94,158,083	14,430,358	291,623,774	(106,925,932)
Depreciation of property, plant and equipment	1,160,851,059	177,908,208	737,584,653	802,022,200
Amortization of right-of-use assets	146,965,210	22,523,404	145,539,290	0
Depreciation of project assets	52,830,115	8,096,569	77,028,161	0
Amortization of land use rights	12,379,121	1,897,183	11,974,071	11,042,735
Amortization of intangible assets	10,176,591	1,559,631	6,822,339	4,212,569
Amortization for guarantee liability	(14,687,691)	(2,250,987)	(18,574,433)	(28,243,063)
Inventory write-down	270,893,308	41,516,216	135,874,384	220,171,794
Provision/(reversal of provision) for allowance of doubtful accounts	14,086,414	2,158,837	61,591,999	(8,051,386)
Loss on disposal of property, plant and equipment	(428,115,147)	(65,611,517)	(67,953,732)	(48,168,035)
Amortization of deferred losses related to sale-leaseback transactions	27,502,575	4,214,954	33,560,902	36,638,880
Gain on disposal of land use right	0	0	0	(315,735)
Impairment of long-lived assets	114,167,665	17,496,960	68,262,038	14,548,043
Equity in (income)/loss of affiliated companies	52,705,838	8,077,523	48,854,715	(2,609,853)
Loss/(gain) on disposal of investment in subsidiaries	0	0	(19,935,109)	9,425,365
Exchange (gain)/loss, net	336,522,915	51,574,393	(8,808,559)	(33,681,095)
Changes in operating assets and liabilities (net of impact of disposition):
(Increase)/decrease in accounts receivable - third parties	362,086,656	55,492,208	168,487,767	(905,161,935)
Decrease in accounts receivable - related parties	89,587,130	13,729,828	155,264,144	1,437,274,337
(Increase)/decrease in notes receivable - third parties	478,057,166	73,265,466	(519,332,155)	(439,236,676)
Increase in notes receivable - related parties	(14,372,828)	(2,202,732)	(18,628,574)	0
(Increase)/decrease in advances to suppliers - third parties	1,536,442,289	235,470,083	(1,852,725,829)	(258,143,369)
Increase in inventories	(2,822,713,480)	(432,599,767)	(209,819,715)	(1,690,466,292)
(Increase)/decrease in project assets constructed for sale, net of incremental revenue (Note 2(l))	976,712,752	149,687,778	(397,684,206)	(1,257,507,244)
Decrease in lease liabilities	(36,498,499)	(5,593,640)	(28,151,002)	0
(Increase)/decrease in other receivables - related parties	30,562,057	4,683,840	13,411,589	(94,349,636)
(Increase)/decrease in prepayments and other current assets	(1,112,028,646)	(170,425,846)	57,559,179	(294,208,927)
Decrease in other assets - related parties	0	0	48,230,439	1,042,234
Decrease/(increase) in other assets - third parties	(75,444,724)	(11,562,410)	(797,875,265)	23,458,061
Increase/(Decrease) in accounts payable - third parties	(367,053,963)	(56,253,481)	184,669,751	651,639,945
(Decrease)/increase in accounts payable - related parties	(22,196,133)	(3,401,706)	35,611,667	(4,630,853)
Increase in accrued payroll and welfare expenses	115,536,590	17,706,757	68,544,633	89,540,563
Increase/(decrease) in advances from - third parties	(1,792,906,128)	(274,774,886)	1,676,456,800	1,637,949,690
Decrease in advances from - related parties	(748,615)	(114,730)	(161,471)	(36,489,858)
Increase/(decrease) in income tax payables	(44,762,990)	(6,860,228)	48,243,071	42,460,277
Decrease in accrued income tax - non - current	0	0	0	(6,041,195)
Decrease in derivative assets_ foreign exchange option	0	0	516,012	0
Decrease in derivative liability_interest rate swap	(140,150,054)	(21,478,935)	(21,488,548)	(3,999,336)
Increase in other payables and accruals - third parties	687,122,690	105,306,159	161,448,319	310,150,424
Increase in other payables and accruals - related parties	58,388,053	8,948,360	0	8,485,112
Increase in land use right	(176,282,702)	(27,016,506)	0	0
Decrease of long-term borrowings related to sale of project assets constructed for sale	(859,165,984)	(131,672,948)	0	0
Net cash provided by operating activities	591,486,340	90,649,247	1,410,642,923	614,545,806
Cash flows from investing activities:
Maturity of restricted short-term investments	10,075,360,381	1,544,116,533	7,876,919,116	6,436,613,343
Maturity of restricted long-term investments	790,399,307	121,133,993	640,908,642	26,092,355
Maturity of short-term investments				602,684,530
Proceeds from disposal of property, plant and equipment	88,714,309	13,596,063	201,267,370	138,135,495
Cash received from, net of cash disposed of, disposal of subsidiaries	48,078,440	7,368,345	198,291,138	11,760,083
Purchase of property, plant and equipment	(4,055,059,787)	(621,465,102)	(3,297,539,820)	(2,421,517,272)
Cash paid for project assets constructed to operate	(76,350,901)	(11,701,288)	(376,505,336)	(29,889,472)
Cash paid for investment in affiliates			(295,049,363)
Purchase of land use right			(34,951,335)	(128,004,864)
Purchase of intangible assets	(14,565,882)	(2,232,319)	(7,855,985)	(13,840,620)
Purchase of restricted short-term investments	(9,552,995,862)	(1,464,060,669)	(10,749,001,884)	(7,257,259,419)
Purchase of restricted long-term investments	(1,648,435,788)	(252,633,837)	(181,771,258)	(699,599,285)
Purchase of short-term investments	(570,000,000)	(87,356,322)		(600,000,000)
Purchase of subsidiary	(19,431,850)	(2,978,061)
Cash received from dividend	15,597,932	2,390,488
Net cash used in investing activities	(4,918,689,701)	(753,822,176)	(6,025,288,715)	(3,934,825,126)
Cash flows from financing activities:
Cash received from issuance of convertible senior notes			585,301,500
Cash payment for call option			(206,577,000)
Cash payment for deposit of call option			(10,328,850)
Cash received from borrowings from sale-leaseback				147,985,433
Cash payment for finance lease and related deposit as lessee	(252,485,455)	(38,695,089)	(284,089,511)	(309,827,275)
Proceeds from exercise of share options	114,758,281	17,587,476	38,245,122	44,275,858
Payment of deposit for finance lease as lessee			(89,761,500)	(10,600,000)
Proceeds from common stock offering			488,950,795	663,235,987
Capital contributions by non-controlling interests holder	865,000,000	132,567,050	2,595,780,000	615,000,000
Issuance cost paid for issuance of convertible senior notes			(18,646,101)
Proceeds from bank borrowings	24,104,976,401	3,694,249,257	17,877,213,936	14,602,250,496
Repayment of borrowings	(25,337,297,256)	(3,883,110,690)	(14,945,664,410)	(12,178,792,295)
Increase/(Decrease) in notes payable - related party			(35,000,000)	35,000,000
Increase in notes payable - third party	1,816,306,625	278,361,169	1,686,462,664	364,080,070
Repurchase of convertible senior notes			(68,632)
Repayment of bonds payable			300,000,000
Equity financing in a subsidiary	3,100,000,000	475,095,785
Borrowings from government background funds	2,202,000,000	337,471,264
Repurchase of shares	(29,294,325)	(4,489,552)
Repurchase of non-controlling interest	(286,685,716)	(43,936,508)
Net cash provided by financing activities	6,297,278,555	965,100,162	7,381,818,013	3,972,608,274
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	(169,261,838)	(25,940,512)	24,758,635	68,323,815
Net increase in cash, cash equivalents, and restricted cash	1,800,813,356	275,986,721	2,791,930,856	720,652,769
Cash, cash equivalents, and restricted cash, beginning of the year	6,273,958,429	961,526,196	3,482,027,573	2,761,374,804
Cash, cash equivalents, and restricted cash, end of the year (Note 2(d))	8,074,771,785	1,237,512,917	6,273,958,429	3,482,027,573
Supplemental disclosure of cash flow information
Cash paid for income tax	357,781,362	54,832,393	13,596,822	27,336,014
Cash paid for interest expenses (net of amounts capitalized)	670,159,522	102,706,440	575,397,291	370,697,228
Supplemental disclosure of non-cash investing and financing cash flow information
Purchases of property, plant and equipment included in payables	1,648,426,572	252,632,425	1,488,570,184	867,835,949
Purchases of project assets included in held-for-sale liabilities			177,729,416	72,467,231
Proceeds from exercise of share options received in subsequent period	9,142,819	1,401,198	40,338,943
Receivables related to At-The-Market offering	641,065,394
Receivables related to disposal of Property, plant and equipment	92,734,513
Disposal of equity securities with consideration offset against payable balance due to third party	7,200,000	1,103,448
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	(129,806,218)	(19,893,673)	(48,425,227)	1,475,360
Call Options [Member]
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Change in fair value of call option	¥ (476,290,547)	$ (72,994,720)	¥ (84,891,634)	¥ 0

LEASES - Supplemental Cash Flow Information (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	¥ 50,403,567	¥ 50,758,114
Operating cash outflows for finance leases	32,628,104	23,340,016
Financing cash outflows for finance leases	250,935,455	284,089,511
Total cash paid for amounts included in the measurement of lease liabilities:	333,967,126	358,187,641
Lease obligation accrued in exchange for right-of-use assets:
Operating lease liabilities	76,559,666	269,671,708
Finance lease liabilities		937,056,577
Total lease obligation accrued in exchange for right-of-use assets:	¥ 76,559,666	¥ 1,206,728,285
Weighted-average remaining lease term	3 years 7 months 20 days	3 years 6 months 25 days
Weighted-average discount rate	5.86%	5.64%

ORDINARY SHARES (Details)		1 Months Ended				12 Months Ended
ORDINARY SHARES (Details)	Jan. 22, 2014 USD ($) shares	Dec. 31, 2020 CNY (¥) shares	May 31, 2019 CNY (¥) shares	May 31, 2019 USD ($) $ / shares shares	Feb. 28, 2018 USD ($) $ / shares shares	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2019 $ / shares shares
REFERRED SHARES [Line Items]
Authorized capital \| $							$ 10,000
Ordinary shares, shares authorized							500,000,000			500,000,000
Ordinary shares, par value \| $ / shares				$ 0.00002	$ 0.00002		$ 0.00002			$ 0.00002
Issuance of shares \| ¥						¥ 636,179,444		¥ 488,950,795	¥ 663,235,987
Ordinary shares, shares issued							190,380,309			180,653,497
Ordinary shares, shares outstanding							187,434,469			178,930,297
Issuance of shares (in shares)			18,687,500	18,687,500	16,560,000	5,976,272	5,976,272
Payments of Stock Issuance Costs \| $				$ 3,900,000	$ 4,300,000
Proceeds from Issuance of Common Stock			¥ 488,950,000	$ 70,900,000	$ 71,100,000			¥ 488,950,795	¥ 663,235,987
Share Price In ADR \| $ / shares				$ 16.00	$ 18.15
Private Placement
REFERRED SHARES [Line Items]
Issuance of shares \| $	$ 126,300,000				$ 35,000,000
Issuance of shares (in shares)	15,000,000				7,713,499
Shares Issued, Price Per Share \| $ / shares				$ 4.00	$ 4.54
At-the-market offering
REFERRED SHARES [Line Items]
Issuance of shares (in shares)						5,976,272	5,976,272
Proceeds from Issuance of Common Stock \| $							$ 98,250,000
American Depositary Shares
REFERRED SHARES [Line Items]
Issuance of shares (in shares)	3,750,000		4,671,875	4,671,875	4,140,000	1,494,068	1,494,068
Treasury stock, shares, acquired		736,460				305,660	305,660
Treasury stock, value, acquired, cost method \| ¥		¥ 43,169,878				¥ 29,294,325
Other Common Stock [Member]
REFERRED SHARES [Line Items]
Treasury stock, shares, acquired		2,945,840				1,222,640	1,222,640

TAXATION (Tables)

12 Months Ended

Dec. 31, 2020

TAXATION

Schedule of Earnings Before Income Taxes


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Cayman Islands	57,199,049	(22,036,601)	(784,811,121)
PRC	532,128,623	498,042,536	444,368,215
Other countries	(181,952,469)	775,180,276	906,814,798
Income before income taxes	407,375,203	1,251,186,211	566,371,892

Schedule of Current and Deferred Income Taxes


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Current income tax (expenses)/benefits
PRC	(37,136,613)	(25,562,374)	26,472,926
Other countries	(74,198,842)	39,207,147	(110,725,623)
Total current income tax expenses	(111,335,455)	13,644,773	(84,252,697)
Deferred tax (expenses)/benefits	106,925,932	(291,623,774)	(94,158,083)
Income tax expenses, net	(4,409,523)	(277,979,001)	(178,410,780)

Schedule of Income Tax Rate Reconciliation


	For the year ended December 31,
	2018	2019	2020
	%	%	%
Statutory CIT rate	25.0	25.0	25.0
Effect of permanent differences:
—Share-based compensation expenses	1.1	0.1	0.1
—Change in fair value of convertible senior notes and call options	0.0	0.6	32.0
—Accrued payroll and welfare expenses	4.2	0.5	0.4
—Change of enacted tax rate	(3.2)	0.7	(7.2)
—Other non-deductible expenses including tax preferences	(19.5)	(7.0)	(6.6)
Difference in tax rate of subsidiaries outside the PRC	0.6	4.5	(3.1)
Effect of tax holiday for subsidiaries	(14.0)	(4.6)	(7.8)
Change in valuation allowance	6.9	2.4	(1.3)
Effective tax rate	1.1	22.2	31.5

Schedule of Aggregate Amount and Per Share Effect of Reduction of CIT


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
The aggregate amount of effect	57,284,294	57,373,029	44,190,456
Per share effect—basic	0.37	0.34	0.25
Per share effect—diluted *	0.37	0.34	0.25

Schedule of Noncurrent Deferred Tax Assets


	As of December 31,
	2019	2020
	RMB	RMB
Net operating losses	367,045,173	166,093,004
Accrued warranty costs	171,396,603	206,022,708
Provision for inventories, accounts receivable, other receivable	56,512,918	84,101,028
Timing difference for revenue recognition of retainage contract	8,337,383	5,797,569
Other temporary differences	49,723,467	20,366,550
Impairment for property, plant and equipment and project assets	18,310,891	24,871,785
Total deferred tax assets	671,326,435	507,252,644
Less: Valuation allowance	(144,316,817)	(136,847,274)
Less: Deferred tax liabilities in the same tax jurisdiction	(255,723,355)	(115,297,938)
Deferred tax assets	271,286,263	255,107,432

Timing difference for project assets, property, plant and equipment	(349,000,757)	(308,201,462)
Timing difference for refund of countervailing duties	(119,355,270)	(134,682,972)
Other temporary differences	(38,101,269)	(1,126,697)
Total deferred tax liabilities	(506,457,296)	(444,011,131)
Less: Deferred tax assets in the same tax jurisdiction	255,723,355	115,297,938
Deferred tax liabilities	(250,733,941)	(328,713,193)

Schedule of Movement of Valuation Allowances


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	(86,443,363)	(114,620,700)	(144,316,817)
Current year additions	(29,565,816)	(62,415,889)	(37,426,345)
Utilization and reversal of valuation allowances	1,388,479	32,719,772	44,895,888
At end of year	(114,620,700)	(144,316,817)	(136,847,274)

LEASES - Components of Lease Expenses (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
LEASES
Amortization of right-of-use assets	¥ 146,965,210	¥ 145,539,290
Interest of lease liabilities	46,533,172	45,811,621
Expenses for short-term lease within 12 months	6,431,457	5,064,442
Total lease cost	¥ 199,929,839	¥ 196,415,353

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY

12 Months Ended

Dec. 31, 2020

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY

34. ADDITIONAL INFORMATION – CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY

The separate condensed financial statements of the Company as presented below have been prepared in accordance with Securities and Exchange Commission Regulation S-X Rule 5-04 and Rule 12-04 and present the Company’s investments in its subsidiaries under the equity method of accounting. Such investment is presented on separate condensed balance sheets of the Company as "Investments in subsidiaries " and the Company’s shares of the profit or loss of subsidiaries are presented as "Share of (loss) / income from subsidiaries" in the statements of operations.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company.


	For the year ended December 31
	2018	2019	2020
	RMB	RMB	RMB	USD
				(note 2 (al))
Net revenue	—	—	—	—
Cost of revenues	—	—	—	—

Gross profit	—	—	—	—

Total operating (expenses)/income	(2,267,582)	474,214	1,227,529	188,127

Other income, net	6,249,651	8,922,475	5,063,775	776,057

Income/(loss) from operations	3,982,069	9,396,689	6,291,304	964,184

Convertible senior notes issuance costs	—	(18,646,101)	—	—
Share of income from subsidiaries and affiliates	348,543,952	911,593,940	1,015,006,438	155,556,542

Interest (expenses)/income, net	(722)	8,421,898	8,596,365	1,317,451
Exchange gain/(loss)	53,953,395	17,153,258	(73,717,931)	(11,297,767)
Change in fair value of convertible senior notes and call option	—	(29,257,458)	(725,791,523)	(111,232,417)
Income before income taxes	406,478,694	898,662,226	230,384,653	35,307,993
Income tax expenses	—	—	—	—
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders	406,478,694	898,662,226	230,384,653	35,307,993

Condensed balance sheets:


	December 31, 2019	December 31, 2020
	RMB	RMB	USD
			(note 2 (al))
ASSETS
Current assets:
Cash and cash equivalent	4,556,832	19,507,224	2,989,613
Due from subsidiaries	3,427,985,887	2,773,032,001	424,985,747
Due from related parties	16,791,784	6,098,994	934,712
Other current assets	40,601,328	650,764,989	99,734,098
Total current assets	3,489,935,831	3,449,403,208	528,644,170
Investments in subsidiaries	7,775,688,241	9,029,027,056	1,383,758,936
Due from related parties - non current	48,471,930	44,539,659	6,826,001
Call Option	294,177,634	756,929,181	116,004,472
Other non-current assets	11,961,460	11,180,965	1,713,558
Total assets	11,620,235,096	13,291,080,069	2,036,947,137

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Due to subsidiaries	1,564,636,609	1,445,300,432	221,501,982
Due to related parties	3,061,179	2,780,831	426,181
Other current liabilities	6,076,910	11,396,726	1,746,625
Convertible senior notes-current	—	1,831,612,124	280,706,839
Total current liabilities	1,573,774,698	3,291,090,113	504,381,627
Due to related parties – non-current	14,926,514	12,145,683	1,861,407
Convertible senior notes	728,215,869	—	—
Total liabilities	2,316,917,081	3,303,235,796	506,243,034

Shareholders’ equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 180,653,497 and 190,380,309 shares issued as of December 31, 2019 and December 31, 2020, respectively,178,930,297 and 187,434,469 shares outstanding as of December 31, 2019 and December 31, 2020, respectively.)	24,767	26,052	3,993
Additional paid-in capital	4,582,849,862	5,251,244,630	804,788,449
Accumulated other comprehensive income	62,952,198	(128,615,450)	(19,711,180)
Treasury stock, at cost; 1,723,200 and 2,945,840 ordinary shares as of December 31, 2019 and December 31, 2020, respectively.	(13,875,553)	(43,169,878)	(6,616,073)
Retained earnings	4,671,366,741	4,908,358,919	752,238,915
Total shareholders’ equity	9,303,318,015	9,987,844,273	1,530,704,104

Total liabilities and shareholders’ equity	11,620,235,096	13,291,080,069	2,036,947,138

The balance due from subsidiaries represented the expenses paid on behalf by the Company for its subsidiaries.

Other current assets mainly represented options receivables.

Other non-current assets mainly represented deposit of Call options.

The balance due to subsidiaries represented the professional service fees paid by Jiangxi Jinko.

Other current liabilities represented accrual for unpaid convertible senior notes interest and professional service fees.

Condensed statements of cash flows:


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB	USD
				(note 2 (al))
Cash flows from operating activities:
Net income	406,478,694	898,662,226	230,384,653	35,307,993
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Issuance cost paid for issuance of convertible senior notes	—	18,646,101	—	—
Change in fair value of convertible senior notes	—	114,149,092	1,202,082,070	184,227,137
Change in fair value of call option	—	(84,891,634)	(476,290,547)	(72,994,720)
Share of income from subsidiaries	(348,543,952)	(911,593,940)	(1,015,006,438)	(155,556,542)
Guarantee income	(6,249,651)	(8,922,475)	(5,063,775)	(776,057)
Exchange (gain)/loss	(53,953,395)	(17,153,258)	73,717,931	11,297,767
Changes in operating assets and liabilities:
(Increase)/decrease in due from subsidiaries	(1,895,298,545)	(871,067,726)	592,424,888	90,793,086
(Increase)/decrease in other current assets	200,153	(110,110)	(9,437,209)	(1,446,316)
Increase/(decrease) in due to subsidiaries	1,177,359,405	(14,890,886)	(658,106,245)	(100,859,194)
Increase/(decrease) in other current liabilities	(166,056)	1,096,958	9,772,273	1,497,666
Net cash provided by operating activities	(720,173,347)	(876,075,652)	(55,522,399)	(8,509,180)

Cash flows from investing activities:
Cash paid for call option	—	(216,905,850)	—	—
Net cash used in investing activities	—	(216,905,850)	—	—

Cash flows from financing activities:
Proceeds from exercise of share options	44,278,857	38,245,122	114,758,281	17,587,476
Repurchase of convertible senior notes	—	(68,632)	—	—
Proceeds from issuance of convertible senior notes	—	585,301,500	—	—
Proceeds from issuance of ordinary shares	663,232,926	488,950,795	—	—
Repurchase of shares	—	—	(29,294,325)	(4,489,552)
Issuance cost paid for issuance of convertible senior notes	—	(18,646,101)	—	—
Net cash used in financing activities	707,511,783	1,093,782,684	85,463,956	13,097,924

Effect of foreign exchange rate changes on cash and cash equivalents	464,662	245,789	(14,991,165)	(2,297,496)

Net increase/(decrease) in cash and cash equivalents	(12,196,902)	1,046,971	14,950,392	2,291,248
Cash and cash equivalents, beginning of year	15,706,763	3,509,861	4,556,832	698,365

Cash and cash equivalents, end of year	3,509,861	4,556,832	19,507,224	2,989,613

Supplemental disclosure of non-cash investing and financing cash flow information
Proceeds from exercise of share options received in subsequent period	—	40,338,943	9,142,819	1,401,198
Receivables related to At-The-Market offering	—	—	641,065,394	98,247,570

PREPAYMENTS AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

PREPAYMENTS AND OTHER CURRENT ASSETS

Schedule of Prepayments and Other Current Assets


	As of December 31,
	2019	2020
	RMB	RMB
Value-added tax deductible (a)	701,407,085	1,228,162,128
Receivables related to At-The-Market offering (b)	—	641,065,394
Deposit for customer duty, bidding and others	257,678,467	308,375,568
Prepayment for income tax	72,143,019	272,139,601
Prepayment of electricity and others	181,596,189	202,359,031
Receivables related to disposal of Property, plant and equipment (c)	—	92,734,513
Loan receivable (d)	91,416,575	75,930,094
Receivables related to discount from a supplier	21,492,474	36,376,908
Receivable of option exercised	40,338,943	9,142,819
Prepaid insurance premium	28,351,182	9,095,273
Rental deposit and prepayment	7,953,767	5,517,324
Employee advances (e)	10,134,076	5,385,718
Prepaid professional service fee	421,502	400,157
Receivable related to disposal of subsidiaries (Note 1)	41,793,099	—
Others	118,755,562	143,495,852
Less: Allowance for doubtful accounts	—	(9,588,242)
Total	1,573,481,940	3,020,592,138

(a)	Value-added tax deductible represented the balance that the Group can utilize to deduct its value-added tax liability within the next 12 months.

(b)	In December 2020, the Company completed to sell 5,976,272 ordinary shares (1,494,068 ADSs) through its at-the-market offering and was entitled to receive proceeds of USD98.25 million after deducting commissions and offering expense. All of the proceeds were received subsequently in January 2021.

(c)	Represented the receivables related to the disposition of certain equipment for the purpose of upgrading manufacturing facilities.

(d)

In the year of 2019, Jiangxi Jinko provided one-year intercompany loan of RMB20,000,000 and RMB68,331,364 to Poyang Luohong with the interest rate of 4.35% and 4.35%, respectively. Due to the disposal of Poyang Luohong in 2019 (Note 1), loan receivables including interests with the amount of RMB91,416,575 and RMB75,930,094 were recognized as at December 31, 2019 and 2020. The loan was matured in February 2020 and both parties agreed to extend terms of the loan in 2021 and will be collected before matured.

(e)	As of December 31, 2019 and 2020, all of the employee advances were business related, interest-free, not collateralized and will be repaid or settled within one year from the respective balance sheet dates.

Summary of the activity in the allowance for credit losses related to prepayments and other current assets


		For year ended December 31,
		2020
		RMB
At beginning of year		—
Impact of adopting ASC Topic 326		4,020,000
Addition		5,568,242
At end of year		9,588,242

TAXATION - Current and Deferred Income Taxes (Details)	12 Months Ended
TAXATION - Current and Deferred Income Taxes (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
TAXATION
PRC	¥ 26,472,926		¥ (25,562,374)	¥ (37,136,613)
Other countries	(110,725,623)		39,207,147	(74,198,842)
Total current income tax expenses	(84,252,697)		13,644,773	(111,335,455)
Deferred tax (expenses)/benefits	(94,158,083)		(291,623,774)	106,925,932
Income tax expenses, net	¥ (178,410,780)	$ (27,342,648)	¥ (277,979,001)	¥ (4,409,523)

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

OTHER INCOME/(EXPENSES), NET

OTHER INCOME/(EXPENSES), NET

12 Months Ended

Dec. 31, 2020

OTHER INCOME/(EXPENSES), NET

5. OTHER INCOME/(EXPENSES), NET


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Guarantee income	26,229,524	18,574,433	14,687,691
Donations	(412,465)	(701,000)	(12,395,500)
Total	25,817,059	17,873,433	2,292,191

Since 2016, the Group issued debt payment guarantees and redemption guarantees in favor of JinkoPower, a related party (Note 28). The guarantee liability which corresponds with the guarantee fees received is being amortized in straight line during the guarantee period from 1 to 16 years based on the life of the outstanding guaranteed bank loans by recognizing a credit to other income.

Increase of donations for the year ended December 31, 2020 was primarily due to the Group’s charitable donations in sight of the outbreak of COVID-19.

LEASES - Maturities of Lease Liabilities (Details)	Dec. 31, 2020 CNY (¥)
Finance Lease, Liability, Payment, Due [Abstract]
2021	¥ 362,923,741
2022	235,245,859
2023	232,895,559
Thereafter	182,353,507
Total undiscounted lease payments	1,013,418,666
Less: imputed interest	(102,518,326)
Total lease liabilities	¥ 910,900,340

CERTAIN RISKS AND CONCENTRATION (Details)	12 Months Ended
CERTAIN RISKS AND CONCENTRATION (Details)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Sales Revenue, Goods, Net [Member]
Concentration Risk [Line Items]
Concentration risk percentage	5.30%	10.90%	7.20%
Sales Revenue, Goods, Net [Member] \| Foreign Currency Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk percentage	81.90%
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk percentage	10.00%	10.00%

ORGANIZATION AND NATURE OF OPERATIONS

12 Months Ended

Dec. 31, 2020

ORGANIZATION AND NATURE OF OPERATIONS

ORGANIZATION AND NATURE OF OPERATIONS

1. ORGANIZATION AND NATURE OF OPERATIONS

JinkoSolar Holding Co., Ltd. (the "Company" or "JinkoSolar Holding") was incorporated in the Cayman Islands on August 3, 2007. On May 14, 2010, the Company became listed on the New York Stock Exchange (“NYSE”) in the United States. The Company and its subsidiaries (collectively the “Group”) are principally engaged in the design, development, production and marketing of photovoltaic products as well as developing commercial solar power projects.

The following table sets forth information concerning the Company’s major subsidiaries as of December 31, 2020:


	Date of
	Incorporation	Place of	Percentage
Subsidiaries	/Acquisition	Incorporation	of ownership

JinkoSolar Technology Limited. (“Paker”)	November 10, 2006	Hong Kong	100	%

Jinko Solar Co., Ltd. (“Jiangxi Jinko”)	December 13, 2006	PRC	73	%

Zhejiang Jinko Solar Co., Ltd.(“Zhejiang Jinko”)	June 30, 2009	PRC	73	%

Jinko Solar Import and Export Co., Ltd. (“Jinko Import and Export”)	December 24, 2009	PRC	73	%

JinkoSolar GmbH (“Jinko GmbH”)	April 1, 2010	Germany	73	%

Zhejiang Jinko Trading Co., Ltd.(“Zhejiang Trading”)	June 13, 2010	PRC	73	%

Xinjiang Jinko Solar Co., Ltd. (“Xinjiang Jinko”)	May 30, 2016	PRC	73	%

Yuhuan Jinko Solar Co., Ltd.(“Yuhuan Jinko”)	July 29, 2016	PRC	73	%

JinkoSolar (U.S.) Inc. (“Jinko US”)	August 19, 2010	USA	73	%

Jiangxi Photovoltaic Materials Co., Ltd. (“Jiangxi Materials”)	December 1, 2010	PRC	73	%

JinkoSolar (Switzerland) AG(“Jinko Switzerland”)	May 3, 2011	Switzerland	73	%

JinkoSolar (US) Holdings Inc.(“Jinko US Holding”)	June 7, 2011	USA	73	%

JinkoSolar Italy S.R.L. (“Jinko Italy”)	July 8, 2011	Italy	73	%

Jinko Solar Canada Co., Ltd. (“Jinko Canada”)	November 18, 2011	Canada	73	%

Jinko Solar Australia Holdings Co. Pty Ltd. (“Jinko Australia”)	December 7, 2011	Australia	73	%

Jinko Solar Japan K.K. (“JinkoSolar Japan”)	May 21, 2012	Japan	73	%


	Date of
	Incorporation	Place of	Percentage
Subsidiaries	/Acquisition	Incorporation	of ownership

Jinko Solar (Shanghai) Management Co., Ltd.	July 25, 2012	PRC	73	%

Wide Wealth Group Holding Limited.(“Wide Wealth Hong Kong”)	June 11, 2012	Hong Kong	100	%

Canton Best Limited (“Canton Best BVI”)	September 16, 2013	BVI	100	%

Jinkosolar Household PV System Ltd.	January 12, 2015	BVI	100	%

Jinko Solar Technology Sdn.Bhd.	January 21, 2015	Malaysia	73	%

Jinko Power International (Hongkong) Limited.	July 10, 2015	Hong Kong	100	%

JinkoSolar International Development Limited.	August 28, 2015	Hong Kong	100	%

JinkoSolar Middle East DMCC	November 6, 2016	Emirates	73	%

JinkoSolar Trading Privated Limited.	February 6, 2017	India	73	%

JinkoSolar LATAM Holding Limited.	August 22, 2017	Hong Kong	100	%

JinkoSolar (U.S.) Industries Inc.	November 16, 2017	USA	73	%

JinkoSolar Technology (Haining) Co., Ltd. (“Haining Jinko”)	December 15, 2017	PRC	51	%

Poyang Ruilixin Information Technology Co., Ltd.	December 19, 2017	PRC	73	%

Jinko Solar Korea Co., Ltd.	December 3, 2018	Korea	73	%

JinkoSolar (Sichuan) Co., Ltd. (“Jinko Sichuan”)	February 18, 2019	PRC	48	%

JinkoSolar (Qinghai) Co., Ltd.	April 3, 2019	PRC	40	%

Rui Xu Co., Ltd. (“Rui Xu")	July 24, 2019	PRC	100	%

JinkoSolar (Yiwu) Co., Ltd. (“Jinko Yiwu”)	September 19, 2019	PRC	40	%

Jinko PV Material Supply SDN. BHD	September 23, 2019	Malaysia	73	%

JinkoSolar (Vietnam) Co., Ltd.	September 26, 2019	Vietnam	73	%

JinkoSolar (Chuzhou) Co., Ltd. (“Jinko Chuzhou”)	December 26, 2019	PRC	40	%

Zhejiang New Materials Co., Ltd.	March 24, 2020	PRC	73	%

JinkoSolar (Shangrao) Co., Ltd.	April 17, 2020	PRC	40	%

Jinko Solar Denmark ApS	May 28, 2020	Denmark	73	%

JinkoSolar Hong Kong Limited	August 17, 2020	Hong Kong	73	%

Jinko Solar (Malaysia) SDN BHD	August 28, 2020	Malaysia	73	%

JinkoSolar (Chuxiong) Co., Ltd.	September 25, 2020	PRC	73	%

Yiwu New Materials Co., Ltd. (“Yiwu Materials”)	October 24, 2020	PRC	73	%

(i) In October 2020, the Group completed a RMB3.1 billion (approximately USD461.2 million) equity financing through Jiangxi Jinko. Immediately after the closing, third-party investors together with JinkoSolar's founders and senior management personnel, directly or through their investment arms, collectively own approximately a 26.7% equity interest in Jiangxi Jinko.

(ii) In the fourth quarter of 2016, JinkoSolar Technology Limited (formally known as Paker Technology Limited) disposed of Zhejiang Jinko Financial Leasing Co., Ltd. with the consideration of RMB183.0 million (USD26.4 million). Loss on disposal of this subsidiary amounted to RMB15.2 million (USD2.2 million) was recognized. Consideration associated with the transaction amounted to RMB128.1 million and RMB41.8 million was collected in the year of 2019 and 2020, respectively.

(iii) In the first quarter of 2018, the Group disposed of Hirasawa Power East Godo Kaishat (“Hirasawa Power”), its fully own subsidiary who holds the rights to build, implement and operate two solar projects locating at Japan, with the consideration of JPY 996,420,932. As these solar projects in Japan were constructed for sale upon completion instead of self-operating by the Group, the Group recorded such disposition under the standard of ASC 606, and recognized revenue and cost of sales with the amount of RMB93,451,309 and RMB69,133,413 , respectively. Consideration associated with the transaction was collected in 2018.

(iv) Haining Jinko was founded by the Group in the year of 2017 and is principally engaged in the production of photovoltaic products, such as solar modules and cells, for intercompany sales within the Group. In the second and third quarter of 2018, government background companies made capital injection with the amounted of RMB517 million into Haining Jinko. In the third quarter of 2019, to support developments of local enterprise, government background funds of Zhejiang province made investment into Haining Jinko as capital injections through limited partnership established together with Zhejiang Jinko. The total capital injection received from government funds in the year of 2019 amounted to RMB845.78 million. The Group’s percentage of ownership in Haining Jinko was 56.4% as at December 31, 2019. During the year of 2020, the Group repurchased certain of the noncontrolling interests with the consideration of RMB286.7 million, with the difference between the consideration and the carrying amount of noncontrolling interests charged to additional paid-in capital with the amount of RMB20.6 million. In addition, in the fourth quarter of 2020, certain of the non-controlling interest arrangements were settled in return for a loan liability pursuant to a supplementary investment agreement between the Group and the government background fund (Note 20).

(v) In the third quarter of 2018, the Group and JinkoPower jointly invested in and established an entity named Poyang Luohong Power Co., Ltd. (“Poyang Luohong”), which develops and operates solar power project in Shangrao, Jiangxi Province. Cash capital injection with the amount of RMB98 million have been made by JinkoPower at the end of 2018. The Group held 51% equity interests of Poyang Luohong and consolidated such entity in its financial statements. In the fourth quarter of 2019, the Group disposed of 51% equity interest in Poyang Luohong to a third party buyer with the consideration of RMB99.8 million (USD14.3 million). A gain of RMB19.9 million (USD2.9 million) was recognized. The disposal gain was mainly resulted from the recognition of the un-realized profit generated from the module sales transactions between the Group and Poyang Luohong before the disposal with the amount of RMB19.9 million. Consideration associated with the transaction was collected in full in 2019. Upon the disposal, the non-controlling interests related to Poyang Luohong with the carrying amount of RMB97.8 million was eliminated.

(vi) In the fourth quarter of 2018, the Group disposed of Jinko Solar Investment (Pty) Ltd and its subsidiary Jinko Solar Pty Ltd. (“JinkoSolar South Africa”) with the consideration of RMB1 to a third party buyer. Loss of disposal amounted to RMB20 thousand was recognized. Consideration associated with the transaction was collected subsequently in 2020.

(vii) In the second quarter of 2019, Jiangxi Jinko, together with government background funds, established Jinko Sichuan. Cash capital injections with the amount of RMB800 million and RMB200 million had been made by the non-controlling shareholders in 2019 and 2020, respectively. The Group controls and consolidates the entity in its financial statements. Jinko Sichuan is principally engaged in the production of silicon ingot for intercompany sales within the Group. In the fouth quarter of 2020, the non-controlling interest arrangement was settled in return for a loan liability pursuant to a supplementary investment agreement between the Group and the government background fund (Note 20).

(viii) In the fourth quarter of 2019, Jiangxi Jinko, together with government background funds, established Jinko Chuzhou. Cash capital injections with the amount of RMB550 million and RMB300 million had been made by the non-controlling shareholder in 2019 and 2020, respectively. The Group owns controls and consolidates such entity in its financial statements. Jinko Chuzhou is principally engaged in the production of solar modules for intercompany sales within the Group. In the third quarter of 2020, the non-controlling interest arrangement was settled in return for a loan liability pursuant to a supplementary investment agreement between the Group and the government background fund (Note 20).

(ix) In the fourth quarter of 2019, Jiangxi Jinko, together with government background funds, established Jinko Yiwu. Cash capital injections with the amount of RMB400 million and RMB365 million had been made by the non-controlling shareholders in 2019 and 2020, respectively. The Group owns controls and consolidates such entity in its financial statements. Jinko Yiwu is principally engaged in the production of solar modules for intercompany sales within the Group. In the third quarter of 2020, the non-controlling interest arrangement was settled in return for a loan liability pursuant to a supplementary investment agreement between the Group and government background funds (Note 20).

(x) In the second quarter of 2020, Jiangxi Jinko, together with a government background fund, established Jinko Shangrao. Cash capital injections with the amount of RMB1,902 million had been made by the government fund as of December 31, 2020. The group owns controls and consolidates such entity in its financial statements. Shangrao Jinko is principally engaged in the production of photovoltaic products, such as solar modules and cells (Note 20).

(xi) In the second quarter of 2020, Jiangxi Materials acquired Rui Xu with a consideration of RMB20 million. Rui Xu is principally engaged in the production of photovoltaic consumable materials.

(xii) In the fourth quarter of 2020, the Group disposed all of it’s equity interest in Jinko Huineng Technology Services Co.,Ltd to Jinko Power Group with the consideration of RMB10.4 million (USD1.6 million). Consideration associated with the transaction was collected in December 2020.

PRINCIPAL ACCOUNTING POLICIES (Cash, cash equivalents and restricted cash) (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2017 CNY (¥)
PRINCIPAL ACCOUNTING POLICIES
Cash and cash equivalent	¥ 7,481,678,114	$ 1,146,617,335	¥ 5,653,853,691
Restricted cash	593,093,671	90,895,582	576,546,098
Cash and cash equivalents included in held-for-sale assets			43,558,640
Total	¥ 8,074,771,785	$ 1,237,512,917	¥ 6,273,958,429	$ 961,526,196	¥ 3,482,027,573	¥ 2,761,374,804

FAIR VALUE MEASUREMENTS (Significant Unobservable Inputs) (Details) - Level 3	Dec. 31, 2020 ¥ / shares
Risk free interest rate \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	0.09
Convertible Senior Notes [Member] \| Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	75.16
Convertible Senior Notes [Member] \| Risk free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	0.23
Convertible Senior Notes [Member] \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	26.55
Call Option [Member] \| Spot price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	61.87
Foreign exchange option \| Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	7.14
Foreign exchange option \| Risk free interest rate \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	2.45
Guarantee liabilities \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	5.39

SHARE BASED COMPENSATION (Details)		1 Months Ended		12 Months Ended
SHARE BASED COMPENSATION (Details)	Oct. 10, 2014	Aug. 31, 2014 shares	Aug. 31, 2009 shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 CNY (¥) shares	Dec. 31, 2018 CNY (¥)	Dec. 31, 2020 $ / shares	Jul. 31, 2009 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of vesting increments		5
Options granted				0	0
Market value of ordinary shares \| (per share)				¥ 100.92				$ 15.47
Intrinsic value of options exercised \| ¥				¥ 296,759,089		¥ 54,032,828	¥ 3,057,319
Unrecognized share-based compensation expense \| ¥				¥ 326,326
Unrecognized share-based compensation expense, weighted-average recognition period				9 months	9 months
Cash received from the exercise of share options				¥ 114,758,281	$ 17,587,476	¥ 38,245,122	¥ 44,275,858
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number				716,748		4,555,288
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of vesting increments	5
2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ordinary shares that may be issued		12,796,745
Contractual life		10 years
2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ordinary shares that may be issued									9,325,122
Contractual life			7 years
2009 Plan \| Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted			953,200
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			36 months

NOTES RECEIVABLE, NET-THIRD PARTIES

12 Months Ended

Dec. 31, 2020

NOTES RECEIVABLE, NET-THIRD PARTIES

NOTES RECEIVABLE, NET-THIRD PARTIES

8. NOTES RECEIVABLE, NET–THIRD PARTIES


	As of December 31,
	2019	2020
	RMB	RMB
Notes receivable	1,529,800,657	1,051,743,491
Provision for notes receivable	—	(182,338)
Notes receivable, net	1,529,800,657	1,051,561,153

As of December 31, 2019 and 2020, notes receivable with net book value of RMB819,481,928 and RMB221,391,816 were pledged as collateral for the issuance of bank acceptance notes.

The following table summarizes the activity in the allowance for credit losses related to notes receivable for the year ended December 31, 2018, 2019 and 2020:


	As of December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	—	—	—
Impact of adopting ASC Topic 326	—	—	223,000
Addition	—	—	—
Reversal	—	—	(40,662)
At end of year	—	—	182,338

RELATED PARTY TRANSACTIONS AND BALANCES - Balances (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Outstanding amounts due from related parties:
Other Receivables, Related Parties	¥ 23,756,223		¥ 54,318,280
Accounts receivables from related party	410,358,136		520,503,579
Other payables due to a related party:
Accounts payable - related parties	14,113,577	$ 2,163,000	36,309,710
Other payables to Desun for leasing of land and buildings	275,075		10,784,038
Other Payables, Related Parties	71,515,404		13,127,352
JinkoSolar Power Engineering Group Limited ("JinkoSolar Power") [Member]
Other payables due to a related party:
Accounts payable - related parties			748,615
Executive Directors [Member]
Outstanding amounts due from related parties:
Other Receivables, Related Parties			75,234
Prepayments to JinkoPower for outsourcing services
Outstanding amounts due from related parties:
Other Receivables, Related Parties	20,609,442		32,247,424
Jiangxi Jinko Engineering For Miscellaneous [Member]
Outstanding amounts due from related parties:
Other Receivables, Related Parties	3,146,781		21,995,622
Sweihan Solar Holding Company [Member]
Outstanding amounts due from related parties:
Accounts receivables from related party	33,638,826		36,185,644
Jiangxi Jinko Engineering for sales of solar modules and others [Member]
Outstanding amounts due from related parties:
Accounts receivables from related party	376,719,310		484,317,935
JinkoTiansheng Member [Member]
Other payables due to a related party:
Accounts payable - related parties	14,113,577		36,309,710
Jinko Power
Outstanding amounts due from related parties:
Other Assets, Related Parties	107,318,909		96,753,306
Notes receivables from JinkoPower for provision of guarantee	33,001,402		18,628,574
Other payables due to a related party:
Other Payables, Related Parties	¥ 71,240,329		¥ 2,343,314

PREPAYMENTS AND OTHER CURRENT ASSETS (Activity in the allowance for credit losses) (Details)	12 Months Ended
	Dec. 31, 2020 CNY (¥)
Activity in the allowance for credit losses
At beginning of year	¥ 0
Addition	5,568,242
At end of year	9,588,242
ASU No. 2016-13
Activity in the allowance for credit losses
At end of year	¥ 4,020,000

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS - Call options (Details) $ in Millions	1 Months Ended		12 Months Ended		24 Months Ended
	May 31, 2019 shares	Feb. 28, 2018 shares	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2019 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Stock Issued During Period, Shares, New Issues \| shares	18,687,500	16,560,000	5,976,272
Call Option [Member]
Debt Instrument [Line Items]
Derivative Asset, Fair Value, Gross Asset \| $						$ 30
Exchange Gain for Call Option			¥ 2,709,000
Fair Value, Option, Changes in Fair Value, Gain (loss)			¥ 476,290,547	¥ 84,891,634
Exchange Loss for Call Option					¥ 13,539,000
Stock Issued During Period, Shares, New Issues \| shares			1,875,000

PRINCIPAL ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2020

PRINCIPAL ACCOUNTING POLICIES

PRINCIPAL ACCOUNTING POLICIES

2. PRINCIPAL ACCOUNTING POLICIES

a. Basis of presentation and use of estimates

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

b. Consolidation

c. Foreign currency translation

d. Cash, cash equivalents and restricted cash

Cash and cash equivalents represent cash on hand and demand deposits placed with banks or other financial institutions, which have original maturities of three months or less.

Cash, cash equivalents and restricted cash as reported in the consolidated statement of cash flows are presented separately on our consolidated balance sheet as follows:


	As of December 31,
	2019	2020
	RMB	RMB
Cash and cash equivalents	5,653,853,691	7,481,678,114
Restricted cash	576,546,098	593,093,671
Cash and cash equivalents included in held-for-sale assets	43,558,640	—
Total	6,273,958,429	8,074,771,785

e. Restricted short-term investments

f. Notes receivable and payable

The Group also issues bank acceptance notes to its suppliers in China in the normal course of business. The Group classifies the changes in notes payable as financing activities.

Notes receivable and payable are typically non-interest bearing and have maturities of less than six months.

g. Current expected credit losses

h. Accounts receivable

i. Advances to suppliers

j. Inventories

k. Property, plant and equipment, net

Buildings		20 years
Machinery and equipment		5~10 years
Furniture, fixture and office equipment		3~5 years
Motor vehicles		4~5 years

l. Project Assets, net

m. Assets held for sale

Long-lived assets to be sold are classified as held for sale when the following recognition criteria in ASC 360-10-45-9 are met:

¨ Management, having the authority to approve the action, commits to a plan to sell the asset.

¨ The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets.

¨ An active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated.

¨ The sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale, within one year,

¨ The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value.

¨ Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

n. Interest Capitalization

o. Land use rights and land lease

(a) Land use rights

(b) Land lease

Accordingly, land leases are classified as operating leases.

p. Intangible assets

Intangible assets include purchased software and fees paid to register trademarks and are amortized on a straight-line basis over their estimated useful lives, which are 5 or 10 years, respectively.

q. Business combination and assets acquisition

r. Investments in affiliates and other equity securities

The Group’s investments include equity method investments and equity securities without readily determinable fair values.

s. Impairment of long-lived assets

t. Leases

u. Guarantees

A guarantee liability is initially recognized at the estimated fair value in the Group’s consolidated balance sheets unless it becomes probable that the Group will reimburse the holder of the guarantee for an amount higher than the carrying amount, in which case the guarantee is carried in the Group’s consolidated balance sheets at the expected amount payable to the holder. The fair value of the guarantee liability is measured by the total consideration to be received in connection with the provision of guarantee. The guarantee liability is amortized in straight line during the guarantee period.

Receivables have also been recorded for the guarantee payments to be received (Note 28).

Pursuant to the master service agreement signed with JinkoPower, guarantee service fee is settled on a half-year basis.

v. Revenue recognition

The Company’s accounting practices under ASC Topic 606, “Revenue from Contracts with Customers” are as followings:

(a) Revenue recognition on product sales

Practical expedients and exemption

(b) Sales of solar projects

w. Segment report

x. Cost of revenue

Cost of revenue for sales of photovoltaic products includes production and indirect costs, as well as shipping and handling costs for raw materials purchase and provision for inventories.

y. Warranty cost

Movement of accrued warranty cost


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	643,307,854	656,677,245	751,440,343
Additions	278,417,311	303,652,391	363,159,029
Utilization	(102,600,327)	(85,035,667)	(98,525,648)
Reversal to selling and marketing expense	(162,447,593)	(123,853,626)	(123,942,984)
At end of year	656,677,245	751,440,343	892,130,740

z. Shipping and handling

aa. Research and development

Research and development costs are expensed when incurred.

ab. Start-up costs

ac. Income Taxes

ad. Commitments and Contingencies

ae. Fair value of financial instruments

af. Government grants

ag. Repurchase of share

ah. Statutory reserves

For the years ended December 31, 2018, 2019 and 2020, the Group made total appropriations to statutory reserves of RMB53,290,350, RMB119,530,534 and RMB2,301,771, respectively.

ai. Earnings/(Loss) per share

aj. Share-based compensation

ak. Other comprehensive income/(loss)

al. Convenience translation

am. Recent accounting pronouncements

New Accounting Standards Adopted

New Accounting Standards Not Yet Adopted

OTHER ASSETS -THIRD PARTIES (Tables)

12 Months Ended

Dec. 31, 2020

OTHER ASSETS - THIRD PARTIES

Schedule of Other Assets


	As of December 31,
	2019	2020
	RMB	RMB
Prepayments for purchase of property, plant and equipment	560,182,033	884,611,325
Refund receivable of U.S. countervailing duties and anti-dumping duties	427,796,666	571,394,376
Prepayment for warranty insurance premium	111,611,828	112,884,194
Deferred losses related to sale-leaseback transactions before January 1, 2020 (Note 21)	183,566,444	98,660,496
Deposit for rent and others	170,335,718	79,281,354
Prepayment of income tax attributable to intercompany transactions	13,199,456	31,816,215
Less: Allowance for credit losses	—	(849,093)
Total	1,466,692,145	1,777,798,867

Summary of activity in allowance for credit losses related to deposits


		For the year ended December 31,
		2020
		RMB
At beginning of year		—
Impact of adopting ASC Topic 326		5,065,000
Reversal		(4,215,907)
At end of year		849,093

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2020

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

33. SUBSEQUENT EVENTS

The Group adopted its 2021 Equity Incentive Plan on March 5, 2021 which provided for the issuance of options of 2,600,000 ordinary shares.

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES (Tables)

12 Months Ended

Dec. 31, 2020

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES

Schedule of Accounts Receivable


	As of December 31,
	2019	2020
	RMB	RMB
Accounts receivables - current	5,584,548,167	4,828,118,154
Allowance for doubtful accounts - current	(318,197,517)	(293,359,875)
Accounts receivable, net - current	5,266,350,650	4,534,758,279

Accounts receivables – non-current	—	27,543,511
Allowance for doubtful accounts – non-current	—	(1,138,553)
Accounts receivable, net – current – non-current	—	26,404,958

Schedule of Movement of Allowance for Doubtful Accounts


	As of December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	264,656,904	256,605,518	318,197,517
Impact of adopting ASC Topic 326	—	—	(30,915,517)
Addition	149,029,546	166,432,303	26,581,139
Reversal	(157,080,932)	(104,840,304)	(20,503,264)
At end of year	256,605,518	318,197,517	293,359,875


	As of December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	—	—	—
Impact of adopting ASC Topic 326	—	—	—
Addition	—	—	1,138,553
Reversal	—	—	—
At end of year	—	—	1,138,553

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY	Adjustment Ordinary shares [Member] CNY (¥)	Adjustment Additional paid in capital [Member] CNY (¥)	Adjustment Statutory reserves [Member] CNY (¥)	Adjustment Accumulated other comprehensive (loss)/income [Member] CNY (¥)	Adjustment Treasury stock [Member] CNY (¥)	Adjustment Retained earnings (Accumulated losses) [Member] CNY (¥)	Adjustment Non-controlling interests [Member] CNY (¥)	Adjustment CNY (¥)	Ordinary shares [Member] CNY (¥) shares	Additional paid in capital [Member] CNY (¥)	Statutory reserves [Member] CNY (¥)	Accumulated other comprehensive (loss)/income [Member] CNY (¥)	Treasury stock [Member] CNY (¥) shares	Retained earnings (Accumulated losses) [Member] CNY (¥)	Non-controlling interests [Member] CNY (¥)	CNY (¥) shares	USD ($) shares
Cumulative effect of adoption of new accounting standard (Note (2g))									¥ 18,604	¥ 3,313,608,385	¥ 516,885,853	¥ 23,295,998	¥ (13,875,553)	¥ 2,849,339,968	¥ (10,213)	¥ 6,689,263,042
Beginning Balance at Dec. 31, 2017									¥ 18,604	3,313,608,385	516,885,853	23,295,998	¥ (13,875,553)	2,849,339,968	(10,213)	6,689,263,042
Beginning Balance (in shares) at Dec. 31, 2017 \| shares									133,869,274				(1,723,200)
Share-based compensation expense									¥ 0	29,307,903	0	0	¥ 0	0	0	29,307,903
Appropriation to statutory reserves									0	0	53,290,350	0	0	(53,290,350)	0	0
Foreign currency exchange translation adjustment									0	0	0	47,004,900	0	0	0	47,004,900
Common stock offering									¥ 3,061	663,232,926	0	0	¥ 0	0	0	663,235,987
Common stock offering (in shares) \| shares									24,273,499				0
Contribution from non-controlling interest									¥ 0	0	0	0	¥ 0	0	615,000,000	615,000,000
Cumulative effect of adoption of new accounting standard (Note (2g))									21,727	4,010,739,727	570,176,203	70,300,898	(13,875,553)	3,202,528,312	614,086,626	8,453,977,940
Exercise of share options									¥ 62	4,590,513	0	0	¥ 0	0	0	4,590,575
Exercise of share option (in shares) \| shares									445,164				0
Net income									¥ 0	0	0	0	¥ 0	406,478,694	(903,161)	405,575,533
Ending Balance at Dec. 31, 2018									¥ 21,727	4,010,739,727	570,176,203	70,300,898	¥ (13,875,553)	3,202,528,312	614,086,626	8,453,977,940
Ending Balance (in shares) at Dec. 31, 2018 \| shares									158,587,937				(1,723,200)
Cumulative effect of adoption of new accounting standard (Note (2g))									¥ 21,727	4,010,739,727	570,176,203	70,300,898	¥ (13,875,553)	3,202,528,312	614,086,626	8,453,977,940
Share-based compensation expense									0	4,578,315	0	0	0	0	0	4,578,315
Appropriation to statutory reserves									0	0	119,530,534	0	0	(119,530,534)	0	0
Foreign currency exchange translation adjustment									0	0	0	13,741,077	0	0	0	13,741,077
Common stock offering									¥ 2,579	488,948,216	0	0	0	0	0	488,950,795
Common stock offering (in shares) \| shares									18,687,500
-Change in the instrument-specific credit risk (Note 24)									¥ 0	0	0	(21,089,777)	0	0	0	(21,089,777)
Contribution from non-controlling interest									0	0	0	0	0	0	2,595,780,000	2,595,780,000
Repurchase of non-controlling interest									0	0	0	0	0	0	97,848,385	97,848,385
Cumulative effect of adoption of new accounting standard (Note (2g))									24,767	4,582,849,862	689,706,737	62,952,198	(13,875,553)	3,981,660,004	3,137,708,510	8,453,977,940
Disposition of Poyang Luohong subsidiary									0	0	0	0	0	0	(97,848,385)	(97,848,385)
Exercise of share options									¥ 461	78,583,604	0	0	¥ 0	0	0	78,584,065
Exercise of share option (in shares) \| shares									3,378,060				0
Net income									¥ 0	0	0	0	¥ 0	898,662,226	25,690,269	924,352,495
Ending Balance at Dec. 31, 2019									¥ 24,767	4,582,849,862	689,706,737	62,952,198	¥ (13,875,553)	3,981,660,004	3,137,708,510	12,441,026,525
Ending Balance (in shares) at Dec. 31, 2019 \| shares									180,653,497				(1,723,200)
Cumulative effect of adoption of new accounting standard (Note (2g))									¥ 24,767	4,582,849,862	689,706,737	62,952,198	¥ (13,875,553)	3,981,660,004	3,137,708,510	12,441,026,525
Share-based compensation expense									0	922,868	0	0	0	0	0	922,868
Appropriation to statutory reserves									0	0	2,301,771	0	0	(2,301,771)	0	0
Foreign currency exchange translation adjustment									0	0	0	(251,893,476)	0	0	0	(251,893,476)	$ (38,604,364)
Share Repurchase(Note 25)									¥ 0	0	0	0	¥ (29,294,325)	0	0	29,294,325
Share Repurchase (Note 25) (in shares) \| shares									0				(1,222,640)
Common stock offering									¥ 781	636,178,663	0	0	¥ 0	0	0	¥ 636,179,444
Common stock offering (in shares) \| shares									5,976,272				0			5,976,272	5,976,272
-Change in the instrument-specific credit risk (Note 24)									¥ 0	0	0	60,325,828	¥ 0	0	0	¥ 60,325,828	$ 9,245,337
Contribution from non-controlling interest									0	0	0	0	0	0	865,000,000	865,000,000
Contribution from principal shareholders (Note 25)									0	139,854,157	0	0	0	0	(139,854,157)	0
Settlement of non-controlling interest (Note 19)									0	(171,497,761)	0	0	0	0	(3,798,746,361)	3,970,244,122
Repurchase of non-controlling interest									0	(20,624,812)	0	0	0	0	(266,060,904)	(286,685,716)
Equity financing in a subsidiary (Note 25)									0	0	0	0	0	0	3,100,000,000	3,100,000,000
Cumulative effect of adoption of new accounting standard (Note (2g))	¥ 0	¥ 0	¥ 0	¥ 0	¥ 0	¥ 6,607,526	¥ 0	¥ 6,607,526	26,052	5,251,244,630	692,008,508	(128,615,450)	(43,169,878)	4,216,350,412	3,002,917,709	12,990,761,983	$ 1,990,921,377
Disposition of Poyang Luohong subsidiary									0	20,624,812	0	0	0	0	266,060,904	286,685,716
Exercise of share options									¥ 504	83,561,653	0	0	¥ 0	0	0	¥ 83,562,157
Exercise of share option (in shares) \| shares									3,750,540				0			3,750,540	3,750,540
Net income									¥ 0	0	0	0	¥ 0	230,384,653	104,870,621	¥ 335,255,274	$ 51,380,119
Ending Balance at Dec. 31, 2020	0	0	0	0	0	6,607,526	0	6,607,526	¥ 26,052	5,251,244,630	692,008,508	(128,615,450)	¥ (43,169,878)	4,216,350,412	3,002,917,709	12,990,761,983	1,990,921,377
Ending Balance (in shares) at Dec. 31, 2020 \| shares									190,380,309				(2,945,840)
Cumulative effect of adoption of new accounting standard (Note (2g))	¥ 0	¥ 0	¥ 0	¥ 0	¥ 0	¥ 6,607,526	¥ 0	¥ 6,607,526	¥ 26,052	¥ 5,251,244,630	¥ 692,008,508	¥ (128,615,450)	¥ (43,169,878)	¥ 4,216,350,412	¥ 3,002,917,709	¥ 12,990,761,983	$ 1,990,921,377

COMMITMENTS AND CONTINGENCIES (Capital commitments) (Details)	Dec. 31, 2020 CNY (¥)
COMMITMENTS AND CONTINGENCIES
2021	¥ 3,239,195,468
2022	386,191,278
Total	3,625,386,746
Purchase Obligation	¥ 3,625,386,746

SHARE BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2020

SHARE BASED COMPENSATION

Summary of Stock Option Activity


	Number of		Weighted-average
	option	Weighted-average	remaining	Aggregate
	outstanding	exercise price	contractual term	intrinsic value
		(USD/share)	(in years)	(RMB)
Balance as of January 1, 2020	4,555,288	3.34	—	—
Granted	—	—	—	—
Exercise	(3,750,540)	3.32	—	—
Forfeited	(88,000)	3.29	—	—
Balance as of December 31, 2020	716,748	3.46	5.25	58,835,911

Vested and expected to vest as of December 31, 2020	689,968	3.63	4.08	53,289,086
Vested and exercisable as of December 31, 2020	592,760	3.69	3.79	45,563,647

Schedule of Expense Allocation


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Costs of revenues	967,367	(771,464)	328,549
Selling expenses	6,415,213	3,424,973	461,567
General and administrative expenses	24,066,459	1,140,815	145,835
Research and development expenses	(2,141,136)	783,991	(13,083)
Total	29,307,903	4,578,315	922,868

LEASES

12 Months Ended

Dec. 31, 2020

LEASES

LEASES

21. LEASES

The Group’s operating lease primarily represent offices and overseas manufacturing facilities and warehouses. Most of the operating leases are for terms ranging from 3 to 20 years, although terms and conditions can vary from lease to lease. The Group has assessed the specific terms and conditions of each operating lease to determine the amount of the lease payments and the length of the lease term, which includes the minimum period over which lease payments are required plus any renewal options that are both within the Group's control to exercise and reasonably certain of being exercised upon lease commencement. The Company assesses all relevant factors to determine if sufficient incentives exist as of lease commencement to conclude whether or not renewal is reasonably certain. There are no material residual value guarantees provided by the Company nor any restrictions or covenants imposed by the operating leases to which the Company is a party. In determining the lease liability, the Group utilizes its incremental borrowing rate for debt instruments with terms approximating the term for its operating leases to discount the future lease payments over the lease term to present value. The Company does not incur variable lease payments for its operating leases.

The Group’s finance leases primarily represent machinery and equipment utilized in the Group's production facilities. All of the Group’s finance leases meet one or more of the criteria as: a) the lease transfers ownership of the underlying asset to the Group by the end of the lease term; b) the lease grants the Group an option to purchase the underlying asset that the lessee is reasonably certain to exercise; c) the lease term is for the major part of the remaining economic life of the underlying asset; d) the present value of the sum of the lease payments and any residual value guaranteed by the Group that is not already reflected in the lease payments equals or exceeds substantially all of the fair value of the underlying asset; e) the underlying asset is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. ROU of capital lease is recorded at the aggregate of future minimum lease payments and estimated residual value of the leased equipment. In determining the lease liability, the Group utilizes its incremental borrowing rate for debt instruments with terms approximating the term for its capital leases to discount the future lease payments over the lease term to present value.

The balances for the operating and finance leases where the Group is the lessee are presented as follows:


	2019	2020
	December 31	December 31
	RMB	RMB
Operating leases:
Operating lease liabilities - current	40,043,113	48,244,010
Operating lease liabilities - non-current	279,534,370	277,239,113
Total operating lease liabilities	319,577,483	325,483,123
Operating lease right-of-use assets, net	317,903,640	316,512,346

Financing leases:
Financing lease liabilities - current	227,613,208	272,329,554
Financing lease liabilities - non-current	583,490,228	313,087,663
Total financing lease liabilities	811,103,436	585,417,217
Financing lease right-of-use assets, net	1,259,713,215	829,122,192

(a)

The components of lease expenses were as follows:


	As of December 31,
	2019	2020
	RMB	RMB
Lease cost:
Amortization of right-of-use assets	145,539,290	146,965,210
Interest of lease liabilities	45,811,621	46,533,172
Expenses for short-term lease within 12 months	5,064,442	6,431,457
Total lease cost	196,415,353	199,929,839

(b)

Supplemental cash flow information related to leases was as follows:


	As of December 31,
	2019	2020
	RMB	RMB
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	50,758,114	50,403,567
Operating cash outflows for finance leases	23,340,016	32,628,104
Financing cash outflows for finance leases	284,089,511	250,935,455
Total cash paid for amounts included in the measurement of lease liabilities:	358,187,641	333,967,126

Lease obligation accrued in exchange for right-of-use assets:
Operating lease liabilities	269,671,708	76,559,666
Finance lease liabilities	937,056,577	—
Total lease obligation accrued in exchange for right-of-use assets:	1,206,728,285	76,559,666

(c)

Supplemental balance sheet information related to leases was as follows:


	As of December 31,
	2019	2020
Weighted-average remaining lease term	3.57 years	3.64 years
Weighted-average discount rate	5.64 %	5.86 %

(d)

Maturities of lease liabilities were as follows:


Year ending December 31,		RMB
Year ended December 31,
2021		362,923,741
2022		235,245,859
2023		232,895,559
Thereafter		182,353,507
Total undiscounted lease payments		1,013,418,666
Less: imputed interest		(102,518,326)
Total lease liabilities		910,900,340

(e)

Future minimum lease payments for the Company’s leases were as follows:


Year ending December 31,		RMB
Year ended December 31,
2021		369,355,198
2022		235,245,859
2023		232,895,559
Thereafter		182,353,507
Total minimum lease payments		1,019,850,123

The Company had no lease that has not yet commenced as at December 31, 2020.

- Finance lease obligations and others prior to the adoption of ASC 842 on January 1, 2019

The Company elected the practical expedients not to reassess arrangements entered into prior to January 1, 2019 for whether an arrangement is or contains a lease, the lease classification applied or to separate initial direct costs. Therefore, the Company remained the lease classification and accounting of its capital lease and sale-leaseback arrangements entered into prior than January 1, 2019.

The Company’s capital lease and sale-leaseback arrangements entered into prior than January 1, 2019 were as follows:

During the year ended December 31, 2015 and 2016, the Company sold certain module equipment (“leased assets”) to Zhejiang Leasing (the “purchaser-lessor”) and simultaneously entered into one or three-year contracts to lease back the leased assets from the purchaser-lessor. Pursuant to the terms of the contracts, the Company is required to pay to the purchaser-lessor quarterly lease payment over three years and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the lease. The accounting was eliminated as intercompany transaction in the consolidated financial statements of the Company in previous periods. Upon the disposition of Zhejiang leasing, the lease is classified as capital lease. In October 2017, the contract was early terminated upon both parties' approval. The Company recognized finance expenses amounted to RMB1.4 million upon the early termination of the contract.

In May 2017, the Company sold certain machinery and equipment (“leased assets”) with carrying amount of RMB201.1 million to a third party (the “purchaser-lessor”) for consideration of RMB150.0 million and simultaneously entered into a three-year contract to lease back the leased assets from the purchaser-lessor. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over three years and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the lease. The lease is classified as capital lease. In connection with this sale-leaseback transaction, the Company recognized a loss of approximately RMB51.1 million, which is being deferred and amortized into expense over the remaining useful lives of the leased assets. Through the leaseback, the Company substantially retains all of the benefits and risks incident to the ownership of the property sold, therefore, the sale-leaseback transaction is a financing with the underlying assets as collateral.

In July 2017, the Company sold certain machinery and equipment (“leased assets”) with carrying amount of RMB815.4 million to a third party (the “purchaser-lessor”) for consideration of RMB600.0 million and simultaneously entered into a four-year contract to lease back the leased assets from the purchaser-lessor. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over four years and is entitled to obtain the ownership of these equipment at RMB0.6 million upon the expiration of the lease. The lease is classified as capital lease. In connection with this sale-leaseback transaction, the Company recognized a loss of approximately RMB215.4 million, which is being deferred and amortized into expense over the remaining useful lives of the leased assets. Through the leaseback, the Company substantially retains all of the benefits and risks incident to the ownership of the property sold, therefore, the sale-leaseback transaction is a financing with the underlying assets as collateral.

In November 2017, the Company entered into a two-year finance leasing contract with a third-party lessor to lease certain machinery and equipment with carrying amount of RMB74.9 million. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over two years and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the lease. The lease is classified as capital lease.

In January 2018, the Company sold certain machinery and equipment (“leased assets”) with carrying amount of RMB52.0 million to a third party (the “purchaser-lessor”) for consideration of RMB50.0 million and simultaneously entered into a three-year contract to lease back the leased assets from the purchaser-lessor. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over three years and is entitled to obtain the ownership of these equipment at RMB1.0 yuan upon the expiration of the lease. The lease is classified as capital lease. In connection with this sale-leaseback transaction, the Company recognized a loss of approximately RMB2.0 million, which is being deferred and amortized into expense over the remaining useful lives of the leased assets. Through the leaseback, the Company substantially retains all of the benefits and risks incident to the ownership of the property sold, therefore, the sale-leaseback transaction is a financing with the underlying assets as collateral.

In May 2018, the Company entered into a two-year finance leasing contract with a third-party lessor to lease certain machinery and equipment with carrying amount of RMB72.0 million. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over two years and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the lease. The lease is classified as capital lease.

As of December 31, 2019 and 2020, the net value of these leased assets are:


	As of December 31,
	2019	2020
	RMB	RMB
Equipment	1,510,944,643	1,072,214,761
Less: accumulated depreciation	(251,231,428)	(243,092,569)
Net Value	1,259,713,215	829,122,192

The Group amortized deferred losses related to sale-leaseback transactions amounted to RMB36,638,880, RMB33,560,902 and RMB27,502,575 during the years ended December 31, 2018, 2019 and 2020.

OTHER ASSETS - THIRD PARTIES

12 Months Ended

Dec. 31, 2020

OTHER ASSETS - THIRD PARTIES

OTHER ASSETS - THIRD PARTIES

17. OTHER ASSETS – THIRD PARTIES

Other assets consisted of the following:


	As of December 31,
	2019	2020
	RMB	RMB
Prepayments for purchase of property, plant and equipment	560,182,033	884,611,325
Refund receivable of U.S. countervailing duties and anti-dumping duties	427,796,666	571,394,376
Prepayment for warranty insurance premium	111,611,828	112,884,194
Deferred losses related to sale-leaseback transactions before January 1, 2020 (Note 21)	183,566,444	98,660,496
Deposit for rent and others	170,335,718	79,281,354
Prepayment of income tax attributable to intercompany transactions	13,199,456	31,816,215
Less: Allowance for credit losses	—	(849,093)
Total	1,466,692,145	1,777,798,867

During the year of 2018, the U.S. Department of Commerce (“DOC”) issued the amended final results of its fourth administrative review on the counter-veiling duties (“CVD”) imposed on the crystalline silicon photovoltaic, or CSPV, cells, whether or not incorporated into modules, from China. As a result, the Group's CVD rate was updated to be 10.64% from 20.94%, covering the period from January 1, 2015 to December 31, 2015, and all future exports to the US starting from July 2018 (“CVD AR4”). Pursuant to the final results of fourth administrative review, the Group recorded a reversal of costs of revenues and recognized refundable deposits due from the U.S. Customs with the amount of USD30.5 million (RMB209.5 million), representing the difference between the amended rate and the previous rate during the period from January 1, 2015 to December 31, 2015. During the year of 2019, due to the delay of liquidation of the refundable deposits, based on its latest communication from the DOC and best estimation, the Group reclassified the above CVD AR4 receivables from “Prepayments and other current assets” to “Other assets-third parties” which was measured at amortized cost basis. The discount on the balance of the receivable on the re-classification date, with the amount of USD2.81 million (RMB19.3 million) was recorded as costs of sales. During the year of 2020, CVD rate was further amended to be 4.22%. The Group recorded a reversal of costs of revenues and refundable deposits with the amount of USD23.5 million (RMB153.3 million) based on the difference between the amended rate and the previous rate.

During the year of 2019, the DOC issued its final results of the fifth administrative review, the Group's CVD rate was finalized to be 12.70% from 20.94%, covering the period from January 1, 2016 to December 31, 2016, and all future exports to the US starting from August 2019 (“CVD AR5”). Pursuant to the final results of fifth administrative review, the Group recorded a reversal of costs of sales and recognized refundable deposits due from the U.S. Customs with the amount of USD32.5 million (RMB230.1 million) on an amortised cost basis based on its best estimation of related liquidation.

During the year of 2020, the U.S. Department of Commerce issued its final results of the sixth administrative review, and the finalized CVD rate applicable to us was 12.67%, which was initially 20.94%, covering the period from January 1, 2017 to December 31, 2017, and all future exports to the United States starting from December 2020 ("CVD AR6"). Pursuant to the final results of sixth administrative review, the Group recorded a reversal of costs of sales and recognized refundable deposits due from the U.S. Customs with the amount of USD0.4 million (RMB2.6 million) under "other assets - third parties" on an amortized cost basis based on its best estimation of related liquidation

The following table summarizes the activity in the allowance for credit losses related to deposits for the year ended December 31, 2020:


		For the year ended December 31,
		2020
		RMB
At beginning of year		—
Impact of adopting ASC Topic 326		5,065,000
Reversal		(4,215,907)
At end of year		849,093

OTHER PAYABLES AND ACCRUALS (Tables)

12 Months Ended

Dec. 31, 2020

OTHER PAYABLES AND ACCRUALS

Schedule of Other Payables and Accruals


	As of December 31,
	2019	2020
	RMB	RMB
Payables for purchase of property, plant and equipment	1,907,043,892	1,973,618,323
Freight payables	463,924,999	505,793,582
Accrued utilities, rentals and interest	86,349,122	338,652,891
Countervailing and anti-dumping duty	326,735,668	255,616,292
Accrued warranty cost	99,471,928	122,799,090
Commission payables	30,558,458	90,591,153
Value-added tax and other tax payables	43,243,416	38,709,295
Contracted labor fee	55,971,430	18,351,990
Accrued professional service fees	10,881,679	11,434,943
Insurance premium payables	740,908	6,811,786
Others	31,008,256	46,015,997
Total	3,055,929,756	3,408,395,342

BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2020

BORROWINGS

Schedule of Short-term Borrowings


	As of December 31,
	2019	2020
	RMB	RMB
Short-term borrowings	8,517,391,989	7,556,938,793
Long-term borrowings—current portion	529,857,922	681,591,988
Total short-term borrowings	9,047,249,911	8,238,530,781

Schedule of Type of Short-term Borrowings

Details of the Group’s short-term borrowings as of December 31, 2020 are:


Type of loan	As of December 31, 2020	Guarantee/Collateral
Credit loan	1,461,532,078		a)
Letter of credit loan	2,127,864,996		a)
	936,088,260	Guaranteed by JinkoSolar Holding	b)
	210,000,000	Guaranteed by JinkoSolar Holding and Jiangxi Jinko	b)
Guaranteed by	9,591,603	Guaranteed by JinkoSolar Holding and Zhejiang Jinko	b)
subsidiaries of	50,000,000	Guaranteed by JinkoSolar Holding and shareholders of the Group	b)
the Group and/or	159,631,579	Guaranteed by Jiangxi Jinko	b)
collateralized on	769,089,963	Guaranteed by Zhejiang Jinko	b)
the Group’s assets	100,000,000	Guaranteed by Zhejiang Jinko and shareholders of the Group	b)
	365,557,216	Guaranteed by Zhejiang Jinko and Jiangxi Heji Investment Co., Ltd.	b)
	150,000,000	Guaranteed by shareholders of the Group	b)
	491,348,271	Financings associated with failed sale-leaseback transactions	c)
	1,407,826,815	Guaranteed and collateralized on buildings, equipment and other assets of the Group and shareholders of the Group	d)
Total	8,238,530,781

c)	As of December 31, 2020, the Group recorded financings associated with failed sale-lease back transactions with the amount of RMB416,100,652 under long-term borrowings, and RMB491,348,271 as current portion (Note 21).

Schedule of Long-term Borrowings


	As of December 31,
	2019	2020
	RMB	RMB
Long-term bank borrowings	1,390,440,838	938,717,151
Long-term financings associated with failed sale-leaseback transactions	725,604,249	907,448,923
Other long-term borrowings	—	6,136,961,743
Less: Current portion of long-term borrowings	(241,775,211)	(190,243,717)
Less: Current portion of financings associated with failed sale-leaseback transactions	(288,082,711)	(491,348,271)
Total long-term borrowings	1,586,187,165	7,301,535,829

Schedule of Long-term Future Principal Repayments


Year ending December 31,		RMB
Year ended December 31
2021		681,591,988
2022		417,713,309
2023		85,121,622
2024		2,026,179,912
2025		2,001,306,822
Thereafter		2,771,214,164
Total		7,983,127,817

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Schedule of cash, cash equivalents and restricted cash as reported in the consolidated statement of cash flows

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Condensed Balance Sheets - Parenthetical) (Details) - $ / shares	Dec. 31, 2020	Dec. 31, 2019	May 31, 2019	Feb. 28, 2018
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value	$ 0.00002	$ 0.00002	$ 0.00002	$ 0.00002
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	190,380,309	180,653,497
Ordinary shares, shares outstanding	187,434,469	178,930,297
Treasury stock at cost, shares	2,945,840	1,723,200
Parent Company [Member] \| Reportable Legal Entities [Member]
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value	$ 0.00002	$ 0.00002
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	190,380,309	180,653,497
Ordinary shares, shares outstanding	187,434,469	178,930,297
Treasury stock at cost, shares	2,945,840	1,723,200

PRINCIPAL ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

PRINCIPAL ACCOUNTING POLICIES


	As of December 31,
	2019	2020
	RMB	RMB
Cash and cash equivalents	5,653,853,691	7,481,678,114
Restricted cash	576,546,098	593,093,671
Cash and cash equivalents included in held-for-sale assets	43,558,640	—
Total	6,273,958,429	8,074,771,785

Schedule of property plant and equipment useful life

Buildings		20 years
Machinery and equipment		5~10 years
Furniture, fixture and office equipment		3~5 years
Motor vehicles		4~5 years

Schedule of accrued warranty cost


	For the year ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
At beginning of year	643,307,854	656,677,245	751,440,343
Additions	278,417,311	303,652,391	363,159,029
Utilization	(102,600,327)	(85,035,667)	(98,525,648)
Reversal to selling and marketing expense	(162,447,593)	(123,853,626)	(123,942,984)
At end of year	656,677,245	751,440,343	892,130,740

EARNINGS PER SHARE (Details) - CNY (¥)	12 Months Ended
EARNINGS PER SHARE (Details) - CNY (¥)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	¥ 335,255,274	¥ 924,352,495	¥ 405,575,533
Less: Net (loss)/income attributable to non-controlling interests	104,870,621	25,690,269	(903,161)
Net income attributable to JinkoSolar's ordinary shareholders	230,384,653	898,662,226	406,478,694
Dilutive effects of call option	(462,751,547)	(91,066,662)
Numerator for diluted income per share	¥ (232,366,894)	¥ 807,595,564	¥ 406,478,694
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding	178,938,853	169,363,306	153,806,379
Dilutive effects of call option	(7,500,000)	(4,705,479)
Denominator for diluted calculation - weighted average number of ordinary shares outstanding	171,438,853	166,567,757	154,704,166
Continuing operations:
Basic earnings per share attributable to JinkoSolar's ordinary shareholders	¥ 1.29	¥ 5.31	¥ 2.64
Diluted earnings per share attributable to JinkoSolar's ordinary shareholders	¥ (1.36)	¥ 4.85	¥ 2.63
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive effects of share options		1,909,930	897,786

TAXATION (Details)		12 Months Ended
TAXATION (Details)	Jan. 01, 2008	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2020 USD ($)
Income Tax [Line Items]
Federal corporate income tax rate				25.00%	25.00%	25.00%
Statutory reserves				¥ 692,008,508	¥ 689,706,737			$ 106,054,944
Utilization and reversal of valuation allowances				44,895,888	32,719,772	¥ 1,388,479
Deferred Tax Assets, Valuation Allowance				¥ 136,847,274	¥ 144,316,817	¥ 114,620,700	¥ 86,443,363
Percentage of unrecognized deferred tax liability				5	5	5
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Research and Development, Amount				¥ 83,300,000	¥ 88,000,000.0	¥ 59,300,000
JAPAN [Member]
Income Tax [Line Items]
Federal corporate income tax rate				37.60%
SWITZERLAND
Income Tax [Line Items]
Federal corporate income tax rate				11.60%
GERMANY
Income Tax [Line Items]
Federal corporate income tax rate				33.00%
ITALY
Income Tax [Line Items]
Federal corporate income tax rate				27.90%
China
Income Tax [Line Items]
Federal corporate income tax rate	25.00%			15.00%	15.00%	15.00%
Dividend distribution withholding tax				10.00%
Statutory reserves				¥ 3,878,527,864	¥ 3,883,577,293	¥ 3,250,957,069
Deferred tax liability reinvested earnings				¥ 193,926,393	¥ 194,178,865	¥ 162,547,853
China \| Enterprise in the Encouraged Industry
Income Tax [Line Items]
Federal corporate income tax rate				15.00%	15.00%	15.00%
China \| Yuhuan Jinko and Haining Jinko
Income Tax [Line Items]
Federal corporate income tax rate				15.00%	15.00%
China \| Forecast [Member] \| Enterprise in the Encouraged Industry
Income Tax [Line Items]
Federal corporate income tax rate		15.00%	15.00%
China \| Forecast [Member] \| High and New Technology Enterprise
Income Tax [Line Items]
Reduced statutory rate		15.00%	15.00%
HONG KONG
Income Tax [Line Items]
Federal corporate income tax rate				16.50%
Dividend distribution withholding tax				5.00%
HONG KONG \| Minimum [Member]
Income Tax [Line Items]
Federal corporate income tax rate				25.00%
PORTUGAL
Income Tax [Line Items]
Federal corporate income tax rate				23.00%
USA [Member]
Income Tax [Line Items]
Federal corporate income tax rate							21.00%
Reduced statutory rate				23.59%	27.90%
USA [Member] \| Minimum [Member]
Income Tax [Line Items]
Federal corporate income tax rate							0.75%
USA [Member] \| Maximum [Member]
Income Tax [Line Items]
Federal corporate income tax rate							9.99%
CANADA [Member]
Income Tax [Line Items]
Federal corporate income tax rate				15.00%
State/Province tax rate				12.00%
AUSTRALIA [Member]
Income Tax [Line Items]
Federal corporate income tax rate				30.00%
BRAZIL [Member]
Income Tax [Line Items]
Federal corporate income tax rate				34.00%
MEXICO [Member]
Income Tax [Line Items]
Federal corporate income tax rate				30.00%
Malaysia [Member]
Income Tax [Line Items]
Federal corporate income tax rate				24.00%
Income Tax Holiday, Description				a five year 100% tax exemption

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES (Schedule of Accounts Receivable) (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
ACCOUNTS RECEIVABLE, NET-THIRD PARTIES
Accounts receivables	¥ 4,828,118,154		¥ 5,584,548,167
Allowance for doubtful accounts	(293,359,875)		(318,197,517)
Accounts receivable, net - current	4,534,758,279	$ 694,982,112	5,266,350,650
Accounts receivables - non current	27,543,511		0
Allowance for doubtful accounts - non current	(1,138,553)		0
Accounts receivable, net - current - non current	26,404,958	$ 4,046,737	0
Amount of accounts receivable pledged as collateral for borrowings	¥ 628,310,891		¥ 1,200,492,957

ORGANIZATION AND NATURE OF OPERATIONS (Details)	1 Months Ended		3 Months Ended												12 Months Ended
ORGANIZATION AND NATURE OF OPERATIONS (Details)	Oct. 31, 2020 CNY (¥)	Oct. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Jun. 30, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 CNY (¥)	Sep. 30, 2018 CNY (¥)	Jun. 30, 2018 CNY (¥)	Mar. 31, 2018 JPY (¥)	Mar. 31, 2018 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2016 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 EUR (€)	Dec. 31, 2018 JPY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2019 USD ($)
Business Acquisition [Line Items]
Equity Method Investment, Amount Sold																	¥ 99,800,000		¥ 996,420,932	¥ 58,854,599
Proceeds from Divestiture of Interest in Consolidated Subsidiaries															¥ 48,078,440	$ 7,368,345	198,291,138			11,760,083
Proceeds from Sale of Equity Method Investments \| €																		€ 2,636,291
Revenues															35,129,458,616	5,383,825,075	29,746,287,759			25,042,613,341
Cost of Revenue															28,957,798,084	4,437,976,718	24,314,602,138			21,528,868,419
Repurchase of non-controlling interest															286,685,716	$ 43,936,508
Repurchase of non-controlling interest															¥ (286,685,716)		97,848,385
Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments																	845,780,000
Outstanding consideration received																	¥ 845,780,000
JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			51.00%	51.00%		56.40%									51.00%	51.00%	56.40%				56.40%
Repurchase of non-controlling interest															¥ 286,700,000
Repurchase of non-controlling interest															20,600,000
JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member] \| Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments									¥ 517,000,000	¥ 517,000,000
JinkoSolar (Sichuan) Co., Ltd. [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															¥ 200,000,000		¥ 800,000,000
Noncontrolling Interest, Ownership Percentage by Parent			48.00%	48.00%											48.00%	48.00%
Jinko Chuzhou [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			40.00%	40.00%											40.00%	40.00%
Jinko Chuzhou [Member] \| Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															¥ 300,000,000		550,000,000
Jinko Yiwu [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			40.00%	40.00%											40.00%	40.00%
Jinko Yiwu [Member] \| Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															¥ 365,000,000		400,000,000
Jinko ShangRao [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			40.00%	40.00%											40.00%	40.00%
Jinko ShangRao [Member] \| Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															¥ 1,902,000,000
Rui Xu Co., Ltd. ("Rui Xu")
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments					¥ 20,000,000
Jinko Huineng Technology Services Co., Ltd [Member]
Business Acquisition [Line Items]
Proceeds from Divestiture of Interest in Consolidated Subsidiaries			¥ 10,400,000	$ 1,600,000
Sale Of Projects [Member] \| ASC 606 [Member]
Business Acquisition [Line Items]
Revenues												¥ 93,451,309								93,451,309
Cost of Revenue												¥ 69,133,413								69,133,413
Jinko Solar South Africa [Member]
Business Acquisition [Line Items]
Business Combination, Contingent Consideration, Liability								¥ 1,000,000												¥ 1,000,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal								¥ 20,000
Zhejiang Jinko Financial Leasing [Member]
Business Acquisition [Line Items]
Gain (Loss) on Sale of Capital Leases, Net													¥ 15,200,000	$ 2,200,000
Proceeds from Divestiture of Interest in Consolidated Subsidiaries													¥ 183,000,000.0	$ 26,400,000
Proceeds from Sale of Equity Method Investments																$ 41,800,000	¥ 128,100,000
JinkoSolar International Development Limited [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage	26.70%	26.70%
Proceeds from Divestiture of Interest in Consolidated Subsidiaries	¥ 3,100,000,000	$ 461,200,000
Payments to Acquire Equity Method Investments	¥ 3,100,000,000	$ 461,200,000
Poyang Luohong [Member]
Business Acquisition [Line Items]
Gain (Loss) on Sale of Capital Leases, Net						¥ 19,900,000	$ 2,900,000
Equity Method Investment, Ownership Percentage						51.00%			51.00%								51.00%				51.00%
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal						¥ 19,900,000
Payments to Acquire Equity Method Investments									¥ 98,000,000
Carrying amount of non-controlling interest eliminated						97,800,000											¥ 97,800,000
Poyang Luohong [Member] \| Jinko Solar South Africa [Member]
Business Acquisition [Line Items]
Business Combination, Contingent Consideration, Liability						¥ 99,800,000											¥ 99,800,000				$ 14,300,000
Hirasawa Power [Member]
Business Acquisition [Line Items]
Equity Method Investment, Amount Sold											¥ 996,420,932

REVENUES (Tables)

12 Months Ended

Dec. 31, 2020

REVENUES

Schedule of Revenues by Product

The Group’s revenues for the respective periods are detailed as follows:


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Sales of solar modules	23,887,476,533	28,344,380,913	32,556,394,365
Sales of solar projects	93,451,309	—	1,197,712,617
Sales of silicon wafers	567,241,687	913,702,864	452,141,442
Sales of solar cells	291,232,876	282,407,099	344,509,546
Sales of other solar materials	203,210,936	155,742,512	478,184,047
Revenue from generated electricity	—	50,054,371	100,516,599
Total	25,042,613,341	29,746,287,759	35,129,458,616

Schedule of Revenues by Geographic Area

The following table summarizes the Group’s net revenues generated in respective region:


	For the years ended December 31,
	2018	2019	2020
	RMB	RMB	RMB
Inside China (including Hong Kong and Taiwan)	6,610,688,059	5,195,021,423	6,370,974,981
North America	2,746,348,909	7,550,454,941	10,098,115,960
Europe	1,984,476,407	5,201,919,985	4,644,486,810
Asia Pacific	6,575,869,478	7,304,164,060	9,603,210,650
Rest of the world	7,125,230,488	4,494,727,350	4,412,670,215
Total	25,042,613,341	29,746,287,759	35,129,458,616

FAIR VALUE MEASUREMENTS (Assets and Liabilities on a Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Liabilities:
Guarantee liabilities	$ 57,331,674	$ 72,019,365
Convertible senior notes	1,831,612,124	728,215,869
Derivative liability interest rate swap		61,271,965
Foreign Exchange Forward Contract [Member]
Assets:
Derivative assets	183,146,199	52,281,183
Liabilities:
Guarantee liabilities	4,970,902	3,856,561
Foreign exchange option
Liabilities:
Derivative liability interest rate swap	12,923,817
Call Option [Member]
Assets:
Derivative assets	756,929,181	294,177,634
Level 3
Liabilities:
Guarantee liabilities	57,331,674	72,019,365
Convertible senior notes	1,831,612,124	728,215,869
Derivative liability interest rate swap		61,271,965
Level 3 \| Foreign exchange option
Liabilities:
Derivative liability interest rate swap	12,923,817
Level 3 \| Call Option [Member]
Assets:
Derivative assets	756,929,181	294,177,634
Fair Value, Inputs, Level 1 [Member]
Liabilities:
Guarantee liabilities		0
Convertible senior notes		0
Derivative liability interest rate swap		0
Fair Value, Inputs, Level 1 [Member] \| Foreign Exchange Forward Contract [Member]
Assets:
Derivative assets		0
Liabilities:
Guarantee liabilities		0
Fair Value, Inputs, Level 1 [Member] \| Call Option [Member]
Assets:
Derivative assets		0
Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Forward Contract [Member]
Assets:
Derivative assets	183,146,199	52,281,183
Liabilities:
Guarantee liabilities	$ 4,970,902	$ 3,856,561

PROJECT ASSETS, NET (Schedule of Project Assets and Related Accumulated Depreciation) (Details)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
PROJECT ASSETS, NET
Completed	¥ 724,335,851		¥ 747,152,262
Under construction	0		77,241,880
Project assets, gross	724,335,851		824,394,142
Less: Accumulated depreciation	(78,981,128)		(26,151,013)
Project Assets, net	¥ 645,354,723	$ 98,904,938	¥ 798,243,129

ORGANIZATION AND NATURE OF OPERATIONS - Schedule of Subsidiaries (Details)

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

JinkoSolar Technology Limited ("Paker") [Member]

Subsidiary or Equity Method Investee [Line Items]

Nov. 10, 2006

Jinko Solar Co., Ltd. ("Jiangxi Jinko") [Member]

100.00%

Subsidiary or Equity Method Investee [Line Items]

^[1]

Dec. 13, 2006

Zhejiang Jinko Solar Co., Ltd ("Zhejiang Jinko") [Member]

^[1]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jun. 30, 2009

Jinko Solar Import and Export Co., Ltd. ("Jinko Import and Export") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Dec. 24, 2009

JinkoSolar GmbH ("Jinko GmbH") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Apr. 01, 2010

Zhejiang Jinko Solar Trading Co., Ltd. [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jun. 13, 2010

Xinjiang Jinko Solar Co., Ltd. ("Xinjiang Jinko") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

May 30, 2016

Yuhuan Jinko Solar Co., Ltd.("Yuhuan Jinko") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jul. 29, 2016

JinkoSolar (U.S.) Inc. ("Jinko US") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Aug. 19, 2010

Jiangxi Photovoltaic Materials Co., Ltd. ("Jiangxi Materials") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Dec. 01, 2010

JinkoSolar (Switzerland) AG ("Jinko Switzerland") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

May 03, 2011

JinkoSolar (US) Holding Inc. ("Jinko US Holding") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jun. 07, 2011

JinkoSolar Italy S.R.L. ("Jinko Italy") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jul. 08, 2011

Jinko Solar Canada Co., Ltd ("Jinko Canada") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Nov. 18, 2011

Jinko Solar Australia Holdings Co. Pty Ltd ("Jinko Australia") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Dec. 07, 2011

Jinko Solar Japan K.K. ("JinkoSolar Japan") [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

May 21, 2012

Jinko Solar (Shanghai) Management Co., Ltd [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jul. 25, 2012

Wide Wealth Group Holding Limited [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jun. 11, 2012

Canton Best Limited ("Canton Best BVI") [Member]

100.00%

Subsidiary or Equity Method Investee [Line Items]

Sep. 16, 2013

Jinko Solar Technology SDN.BHD. ("JinkoSolar Malaysia") [Member]

100.00%

Subsidiary or Equity Method Investee [Line Items]

Jan. 21, 2015

Jinko Power International (Hongkong) Limited [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jul. 10, 2015

JinkoSolar International Development Limited [Member]

100.00%

Subsidiary or Equity Method Investee [Line Items]

Aug. 28, 2015

JinkoSolar Middle East DMCC [Member]

100.00%

Subsidiary or Equity Method Investee [Line Items]

Nov. 06, 2016

JinkoSolar Trading Privated Limited [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Feb. 06, 2017

JinkoSolar LATAM Holding Limited [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Aug. 22, 2017

JinkoSolar U.S. Industrial Inc. [Member]

100.00%

Subsidiary or Equity Method Investee [Line Items]

Nov. 16, 2017

JinkoSolar Household PV System Ltd. [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Jan. 12, 2015

JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member]

100.00%

Subsidiary or Equity Method Investee [Line Items]

Dec. 15, 2017

Poyang Ruixin Information Technology Co Ltd [Member]

51.00%

56.40%

Subsidiary or Equity Method Investee [Line Items]

Dec. 19, 2017

Jinko Solar Korea Co., Ltd. [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Dec. 03, 2018

JinkoSolar (Sichuan) Co., Ltd. [Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Feb. 18, 2019

JinkoSolar (Qinghai) Co., Ltd. [Member]

48.00%

Subsidiary or Equity Method Investee [Line Items]

Apr. 03, 2019

Subsidiary or Equity Method Investee [Line Items]

40.00%

Jinko Yiwu [Member]

Sep. 19, 2019

Jinko PV Material Supply SDN. BHD [Member]

40.00%

Subsidiary or Equity Method Investee [Line Items]

Sep. 23, 2019

JinkoSolar Vietnam Co., Ltd. [ Member]

73.00%

Subsidiary or Equity Method Investee [Line Items]

Sep. 26, 2019

Subsidiary or Equity Method Investee [Line Items]

73.00%

Jinko Chuzhou [Member]

Dec. 26, 2019

Rui Xu Co., Ltd. ("Rui Xu")

40.00%

Subsidiary or Equity Method Investee [Line Items]

Jul. 24, 2019

Zhejiang New Materials Co., Ltd.

100.00%

Subsidiary or Equity Method Investee [Line Items]

Mar. 24, 2020

Subsidiary or Equity Method Investee [Line Items]

73.00%

Jinko ShangRao [Member]

Apr. 17, 2020

Subsidiary or Equity Method Investee [Line Items]

40.00%

Jinko Solar Denmark ApS

May 28, 2020

JinkoSolar Hong Kong Limited

73.00%

Subsidiary or Equity Method Investee [Line Items]

Aug. 17, 2020

Jinko Solar (Malaysia) SDN BHD

73.00%

Subsidiary or Equity Method Investee [Line Items]

Aug. 28, 2020

JinkoSolar (Chuxiong) Co., Ltd.

73.00%

Subsidiary or Equity Method Investee [Line Items]

Sep. 25, 2020

Yiwu New Materials Co., Ltd. ("Jiangxi Materials")

73.00%

Subsidiary or Equity Method Investee [Line Items]

Oct. 24, 2020