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November 9, 2012
05:30 EDTJKSJinkoSolar comments on final ITC rulings on imported Chinese solar products
JinkoSolar Holding commented on the final determination of injury by the U.S. International Trade Commission, or USITC, concerning the anti-dumping duty, or AD, and countervailing duty, or CVD, investigation of imports of crystalline silicon photovoltaic cells and modules from the People's Republic of China. The USITC finally determined that imports of crystalline silicon photovoltaic cells and modules from China "materially injure" a U.S. industry, but the USITC did not make an affirmative determination regarding critical circumstances. As a result, the Company will face AD at 15.42% and CVD at 15.24% for the cells and modules imported into the U.S. after the respective date of the preliminary determinations on AD and CVD were issued by the Department of Commerce. Chairman Xiande Li commented: "We are disappointed with the ITC's final determination on the injury. While the decision was partially favorable to us, we believe that this ruling will have negative effects globally and will ultimately end up hurting consumers. Trade protectionism benefits no one and will only hinder the solar market's development. Despite the circumstances, we remain fully committed to our customers in the U.S. and are prepared to meet our contractual commitments there. As we have stated before, these tariffs are unlikely to have an impact on our business as the U.S. continues to account for a fairly small percentage of our total module shipments. We are still strongly dedicated to the success of JinkoSolar in the U.S.."
News For JKS From The Last 14 Days
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May 28, 2015
06:19 EDTJKSJinkoSolar expects FY15 total solar shipments in range of 3.3-3.8 GW
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06:19 EDTJKSJinkoSolar expects Q2 total solar module shipments in range of 850-950 MW
For the second quarter, the company estimates total solar module shipments to be in the range of 850 MW to 950 MW, which includes 750 MW to 800 MW module shipments to third parties and 100 MW to 150 MW for its own downstream projects. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.
06:18 EDTJKSJinkoSolar reports Q1 solar product shipments to 3rd parties amounted to 789.2MW
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06:17 EDTJKSJinkoSolar reports Q1 non-GAAP EPS 88c, consensus 40c
Reports Q1 revenue $443.50M, consensus $372.28M. Reports Q1 revenue generated from downstream solar projects $16.5M.
May 27, 2015
15:30 EDTJKSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Toronto-Dominion Bank (TD), consensus $1.11... Signet Jewelers (SIG), consensus $1.63... Flowers Foods (FLO), consensus 30c... Tech Data (TECD), consensus 71c... Sanderson Farms (SAFM), consensus $3.32... Express (EXPR), consensus 14c... Abercrombie & Fitch (ANF), consensus (34c)... Descartes Systems Group (DSGX), consensus 6c... JinkoSolar (JKS), consensus 40c... Fred's (FRED), consensus (1c)... Xcerra (XCRA), consensus 7c... Titan Machinery (TITN), consensus (22c).
15:13 EDTJKSJinkoSolar June volatility elevated into Q1 and outlook
JinkoSolar June call option implied volatility is at 61, July is at 56; compared to its 52-week range of 49 to 100, suggesting large near term price movement into the expected release of Q1 results on May 28.
May 26, 2015
07:04 EDTJKSJinkoSolar production facility in Malaysia begins operations
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May 18, 2015
07:08 EDTJKSJinkoSolar to supply 50 MW of solar panels to Tegnatia for projects in Turkey
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07:01 EDTJKSJinkoSolar to supply 50MW of solar panels to Tegnatia
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