JinkoSolar Holding Co Ltd DR

Ladies and gentlemen, thank you and welcome to JNCO Solar Holdings' third quarter 2020 earnings conference call. At this time, all participants are in listen-only mode. After the management's prepared remarks, there will be a question and answer session. As a reminder, today's conference call is being recorded. I would now like to turn the meeting over to your host today, Ms. Ripple Zhang. Jinko Solar's investor relations manager. Please proceed, Ripple.

Thank you, operator. Thank everyone for joining us today for Jinko Solar's third quarter 2020 earnings conference call. The company's results were released earlier today and available on the company's IR website at www.jinkosolar.com as well as on Newswire services. We have also provided a supplemental presentation for today's earnings call. which can also be found on the IR website. On the call today from Jinko Solar are Mr. Chen Kangping, Chief Executive Officer, Mr. Charlie Cao, Chief Financial Officer, and Mr. Jenner Miao, Chief Marketing Officer. Mr. Chen will discuss Jinko Solar's business operations and company highlights, followed by Mr. Miao, who will talk about the sales and marketing, and then Mr. Cao, who will go through the financials. They will all be available to answer your questions during the Q&A session that follows. Please note that today's discussion will contain forward-looking statements made under the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our future results may be materially different from the views expressed today. Further information regarding this and other risks is included in Jinko Sola's public filings. with the Securities and Exchange Commission. Jinko Solar does not assume any obligation to update any forward-looking statements, except as required under the applicable law. It's now my pleasure to introduce Mr. Chen Kamping, CEO of Jinko Solar. Mr. Chen will speak in Mandarin, and I will translate his comments into English. Please go ahead, Mr. Chen.

Mr. Chen Kamping, CEO of Jinko Solar We have plenty of reasons to believe that During the third quarter, our total solar module shipments were 5,117 megawatts. Total revenues were $1.29 billion, and the growth margin was 17%. In the fourth quarter, the company's profits faced certain pressures due to a few factors.