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Jks - Jinkosolar Q1 Financial Summary

|Includes: JinkoSolar Holding Co., Ltd. (JKS)

Presentation:
ir.jinkosolar.com/zhen/upload/2012062005...

assets and such in html format:
phx.corporate-ir.net/phoenix.zhtml?c=234...=

Summary:
0.74$/watt production cost.
49,7 mil $ opex.
157 MW module shipments. 249 MW totalt. Not 100% utility @ 300 MW.
Opex on shipments:20 cents per watt.
Jinko is struggeling with a high opex that drags down the very good production cost. Wafers are particulary impressive at 0.16 watt, comparable with wafer producer renesola and just behind gcl-poly at 0.125$/watt. The cause of impressive wafer position is that they only buy polysilicon from the spot market and prices have been very favorable latly. Total debt is increasing (all liabilities) and cash is decreasing.