/C O R R E C T I O N -- JinkoSolar Holding Co., Ltd./
11/14/2011
In the news release, JinkoSolar Updates Third Quarter and Full Year 2011 Guidance, issued
JinkoSolar Updates Third Quarter and Full Year 2011 Guidance
For the third quarter of 2011, the Company expects:
- Total solar module shipments to be approximately 210 MW – 220 MW, which compares with the Company's previous guidance of 230 MW – 250 MW;
- Total revenues to be in approximately
US$270 –US$280 million , which compares with the Company's previous guidance ofUS$310 –US$330 million .
"Weak market demand and declining average selling prices throughout the solar supply chain resulted in shipment volumes and revenues that were lower than we expected in the third quarter," said Mr.
Given these challenges, for the full year 2011, the Company expects:
- Total solar module shipments to be approximately 770 MW – 800 MW, which compares with the Company's previous guidance of 950 MW –1000 MW;
- Total revenues to be approximately
US$1.1 –US$1.2 billion , which compares with the Company's previous guidance ofUS$1.4 –US$1.5 billion .
These estimated results are subject to final closing procedures, which could cause actual results to differ.
The Company will review its third quarter 2011 results via conference call at
Hong Kong / International: |
+852-2475-0994 |
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U.S. Toll Free: |
+1-866-519-4004 |
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Passcode: |
JinkoSolar |
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Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.
A telephone replay of the call will be available after the conclusion of the conference call through 12:00 a.m. U.S. Eastern Standard Time, November 29, 2011. The dial-in details for the replay are as follows:
International: |
+61-2-8235-5000 |
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Passcode: |
26655043 |
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Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of
About
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in
For investor and media inquiries, please contact:
In
Longgen Zhang
Tel: +86 21 6106 4018
Email: ir@jinkosolar.com
Christensen
Tel: +86 10 5826 4939
Email: carnell@christensenIR.com
In the U.S.:
Christensen
Tel: +1 480 614 3003
Email: jbloker@christensenIR.com
SOURCE