The price of multi c-Si module is increasing in Q2 instead of plumping after rush installations before 6/30. In Q3, China's newly installed capacity would be 10 GW, composed by deferred 2GW after 6/30 + 5.5GW from the "Top Runner Plan" + 3GW from distributed generations. Therefore, total newly installed capacity in 2017 would probably be at least 37GW. To conservatively estimate, revenue, gross profit margin and net profit margin of Jinko Solar would respectively be $950 million, 14-15% and 3-4% based on 2.5GW shipment capacity and $0.38/W sales price. At the end of 2017, total revenue of Jinko Solar would be around $3.7 billion and net profit margin would be around 2.27%.
Disclosure: I am/we are long JKS.