China's JinkoSolar, a Tier-1, vertically integrated solar company, today published second quarter (Q2) financials that reveal surging growth in the firm's downstream activities. While growth was apparent across the board, it was JinkoSolar's PV power projects that enjoyed the strongest surge, increasing revenue 55.5% on Q1, and 62.1% year-over-year. Solar power projects generated 327 GWh of electricity in Q2, and revenue of RMB 288.5 million ($43.4 million), with JinkoSolar ending the quarter with 1.13 GW of connected solar PV projects. JinkoSolar said that the reduced curtailment of electricity in China's western regions - a problem that has existed for some while - helped to boost the firm's downstream activity and, thus, revenues and margin, which reached 61.7% for the power projects business. During Q2, JinkoSolar increased its module shipments by 7.3% on Q1 to 1,716 MW. This number represented a huge 87.9% increase on the 913 MW shipped in Q2 2015. Such high numbers reflect the first half rush in China for installers to develop and commission solar plants ahead of June 30 - the date at which financial support for solar was reduced. Modules shipped for JinkoSolar's own solar power projects reached 204 MW for the quarter. This growth drove revenues to RMB 5.96 billion ($896.1 million) for Q2, which was a steady 8.9% increase on Q1 and a notable 86.1% increase on Q2 2015. Gross margin, however, contracted slightly to 20.4% ...Den vollständigen Artikel lesen ...