** charts before earnings **
** charts after earnings **
JinkoSolar Holding beats by $1.08, beats on revs with shipments above guidance; guides Q1/FY16 shipments :
- Reports Q4 (Dec) adj. earnings of $2.44 per share, $1.08 better than the Capital IQ Consensus of $1.36; rev +104% to $937.7 mln vs. $747.5 mln consensus. The sequential increase in total revenues was mainly attributable to the increase in shipments of solar modules. The year-over-year increase was mainly due to the increase in shipments as well as electricity revenues.
- Total solar module shipments were 1,709.9 megawatts vs. 1.4-1.7 GW guidance, which includes 92.7 MW to be used in the Company's downstream projects. Total solar module shipments increased 50.7% from 1,134.9 MW in the third quarter of 2015 and 58.6% from 1,078.3 MW in the fourth quarter of 2014.
- For the first quarter of 2016, the Company estimates total solar module shipments to be in the range of 1.3 GW to 1.4 GW, which includes 1.2 GW to 1.3 GW module shipments to third parties. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.
- For the full year 2016, the Company estimates total solar module shipments to be in the range of 6 GW and 6.5 GW which includes 5.4 GW to 5.7 GW module shipments to third parties. Full year newly-added solar power project development scale is expected to be in the range of 600 MW to 800 MW.
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