JinkoSolar Holding Co Ltd DR

Hello, ladies and gentlemen, and thank you for standing by for JNCO Solar Holding Corporation Limited's fourth quarter 2020 earnings conference call. At this time, all participants are in a 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 for today's call, to Ms. Ripple Jang, Jinko Solar's Investor Relations Manager. Please proceed, Ripple.

Thank you, operator. Thank you, everyone, for joining us today for Jinko Solar's fourth 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's 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. Li Xiande, Chairman of the Board of Directors and Chief Executive Officer of Jinko Solar Holding Company Limited, Mr. Charlie Cao, Chief Financial Officer of Jinko Solar Holding Company Limited, and Mr. Janet Niao, Chief Marketing Officer of Jinko Solar Company Limited. Mr. Li 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 Solar'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. Li Xander, Chairman and CEO of Jinko Solar Holdings, Mr. Li will speak in Mandarin and I will translate his comments into English. Please go ahead, Mr. Li.

The increase in supply and demand, as well as the increase in RMB exchange rate, and various uncertain factors have led to a large wave of industrial chain profits. In this year full of challenges, we have never stopped continuing to promote cost-efficient steps through technical improvements and detailed management. The market has achieved its expected profit and loss in the past year. At the same time, our brand's advantages in the global marketing channel have been further reflected in the market fluctuations. The global market share has increased rapidly. In 2020, the total number of new arrivals was historically high. Since the end of 2020, our total number of new arrivals has reached 70 million. It has become the largest number of new arrivals in the industry. We expect that the total number of new arrivals in 2021 is expected to remain at more than 30%.