Jinkosolar holding co., ltd. (JKS)
Balance Sheet / Yearly
Dec'17Sep'17Jun'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
ASSETS
Current assets:
Cash and cash equivalents

296,374

318,330

225,834

360,279

568,659

286,403

75,338

44,803

68,931

Restricted cash

128,040

52,739

54,301

45,914

85,788

83,334

65,827

22,593

23,224

Restricted short-term investments

497,636

607,566

467,308

480,116

271,630

257,760

-

-

-

Short-term investments

412

10,203

13,759

10,269

4,542

18,051

121,263

115,963

78,522

Accounts receivable, net - related parties

324,768

154,103

116,036

203,670

9,412

28,129

46,936

16,938

4,927

Accounts receivable, net - third parties

691,273

875,083

954,452

684,677

518,188

502,579

272,353

274,904

254,247

Notes receivable, net - related parties

0

36,072

88,504

87,887

-

0

7,086

-

-

Notes receivable, net - third parties

87,796

59,527

45,769

131,832

85,536

11,746

42,085

228

2,745

Advances to suppliers - related parties

0

0

0

95

157

190

-

-

-

Advances to suppliers - third parties

61,029

91,337

63,590

46,920

38,807

13,042

11,566

10,200

33,064

Inventories, net

656,860

787,900

767,688

644,320

494,508

304,797

117,618

84,743

126,801

Forward contract receivables

0

52

0

92

1,086

7,689

6,962

2,075

10,320

Available-for-sale investment - current

-

-

-

-

0

3,364

-

-

-

Other receivables - related parties

7,161

14,874

18,067

11,396

0

26

35

937

109

Capped call options

-

-

-

0

2,700

0

17,712

-

-

Deferred tax assets - current

0

0

0

18,821

12,211

12,500

-

-

-

Prepayments and other current assets

262,317

214,398

203,216

110,419

159,786

147,738

97,767

66,344

129,317

Held-for-sale assets

-

-

-

0

-

-

-

-

-

Total current assets

3,013,672

3,222,191

3,018,530

2,836,712

2,253,016

1,677,355

882,554

639,734

732,212

Non-current assets:
Restricted cash - non-current

38,220

26,504

23,227

28,404

51,522

23,005

14,435

2,375

-

Available-for-sale investment

-

-

-

-

-

0

4,975

-

-

Project assets, net

72,811

32,943

20,688

7,930

1,087,518

701,587

224,481

86,096

-

Long-term investments

-

3,535

1,310

-

-

-

-

-

-

Investments in affiliates

3,430

-

-

1,037

18,028

16,619

15,456

5,647

-

Property, plant and equipment, net

1,026,725

906,041

868,097

682,512

582,212

499,918

526,454

534,481

610,241

Land use rights, net

68,129

67,277

66,236

64,948

54,017

59,944

59,316

58,706

58,476

Intangible assets, net

3,956

3,977

3,453

2,923

3,273

1,605

1,067

1,023

580

Deferred tax assets - non-current

42,323

39,900

39,158

19,413

19,426

16,459

-

-

-

Other assets - related parties

22,443

20,348

23,315

24,971

-

-

-

-

-

Forward contract receivables-non-current

-

-

-

-

-

0

166

-

-

Advances to suppliers to be utilized beyond one year

-

-

-

-

-

-

-

0

33,307

Capped call options

-

-

-

-

0

3,400

0

2,589

2,607

Other assets - third parties

109,620

132,910

76,801

88,978

121,380

76,471

23,940

13,195

20,557

Total non-current assets

1,387,662

1,233,438

1,122,289

921,121

1,937,379

-

-

-

-

Total assets

4,401,334

4,455,629

4,140,820

3,757,833

4,190,396

3,076,368

1,752,849

1,343,850

1,457,983

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable - related parties

819

339

101

0

228

238

407

4,822

5,702

Accounts payable - third parties

715,952

690,412

883,036

617,898

584,041

507,322

291,601

216,260

54,179

Notes payable - third parties

871,846

912,659

619,514

690,878

388,057

395,262

233,244

184,449

144,557

Accrued payroll and welfare expenses

110,874

100,555

88,017

83,865

73,419

50,354

39,422

33,133

28,066

Advances from related parties

5,748

8,205

11,223

8,719

-

-

-

-

-

Advances from third parties

115,112

131,824

145,806

198,317

200,655

68,189

24,379

19,426

13,588

Income tax payable

4,269

9,381

9,312

24,213

16,369

12,215

2,580

0

5,224

Forward contract payables

694

963

459

0

-

-

-

-

-

Convertible senior notes - current

0

0

0

61,031

100,484

0

127,275

-

-

Deferred tax liabilities - current

0

0

0

2,459

1,430

997

-

-

-

Derivative liability - current

4,070

4,481

3,891

1,492

663

4,980

1,665

881

877

Bond payable and accrued interests

1,576

692

-

0

133,799

10,754

11,022

50,350

165,181

Short-term borrowings, including current portion of long-term bank borrowings

953,605

1,040,585

978,551

790,527

507,911

420,150

326,179

360,448

349,549

Other payables and accruals

277,392

237,364

214,168

146,827

344,031

224,372

137,167

131,200

129,177

Other payables - related parties

1,895

1,736

1,907

10,951

770

1,221

538

364

173

Guarantee liabilities to related parties

4,308

5,099

5,545

7,591

-

-

-

0

238

Held-for-sale liabilities

-

-

-

0

-

-

-

-

-

Total current liabilities

3,068,167

3,144,301

2,961,535

2,644,772

2,351,864

1,696,058

1,195,486

1,001,339

896,516

Non-current liabilities:
Long-term borrowings

58,372

69,446

68,962

70,361

714,425

154,159

59,798

26,805

24,706

Accrued income tax - non-current

928

-

-

-

-

-

-

-

-

Long-term payables

82,752

85,337

18,540

6,339

8,792

10,783

5,351

23

-

Bond payables

45,867

44,801

-

-

0

128,936

132,150

-

-

Warrant liability

-

-

-

0

10,555

-

-

-

-

Accrued warranty costs - non-current

87,871

86,762

83,026

73,629

50,825

36,986

26,281

17,550

13,562

Convertible senior notes

10

9

9

0

132,153

248,267

0

77,620

61,611

Deferred tax liability - non current

10,777

10,179

9,989

7,295

1,756

414

-

-

-

Guarantee liabilities to related parties - non current

18,476

19,266

21,820

24,971

-

-

-

-

-

Total non-current liabilities

305,046

315,803

202,350

182,596

918,509

579,548

-

-

-

Total liabilities

3,373,213

3,460,104

3,163,886

2,827,369

3,270,373

2,275,607

1,419,067

1,123,338

996,397

Commitment and contingencies

0

-

-

0

0

0

0

-

0

Redeemable non-controlling interests

0

-

-

0

248,220

231,374

-

-

-

Shareholders' equity:
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 128,456,466 and 133,869,274 shares issued as of December 31, 2016 and December 31, 2017, respectively, 126,733,266 and 132,146,074 shares outstanding as of December 31, 2016 and December 31, 2017, respectively.)

2

2

2

2

2

2

2

2

2

Additional paid-in capital

509,292

489,219

477,966

453,011

451,439

450,315

325,206

244,735

239,473

Statutory reserves

79,443

70,078

68,775

67,154

54,302

40,599

30,548

28,738

28,437

Accumulated other comprehensive income

3,580

5,952

9,563

15,092

1,942

1,913

2,125

37

-21

Treasury stock, at cost; 1,723,200 ordinary shares as of December 31, 2016 and December 31, 2017

2,132

2,085

2,046

1,998

2,142

2,236

2,292

2,227

1,327

Retained earnings

437,935

432,492

422,788

397,273

161,635

74,646

-23,605

-52,169

193,434

Total JinkoSolar Holding Co., Ltd. Shareholders' equity

1,028,122

995,659

977,049

930,535

667,181

565,241

331,985

219,117

459,999

Non-controlling interests

-1

-135

-115

-71

4,620

4,145

1,795

1,394

1,586

Total shareholders' equity

1,028,120

995,524

976,934

930,464

671,801

569,387

333,781

220,511

-

Total liabilities, redeemable non-controlling interest and shareholders' equity

4,401,334

4,455,629

4,140,820

3,757,833

4,190,396

3,076,368

1,752,849

1,343,850

1,457,983