JinkoSolar Holding Co Ltd DR

Hello, ladies and gentlemen, and thank you for standing by for Jinko Solar Holdings Co-Limited 3rd Quarter 2021 Earnings Conference Call. At this time, all participants are in listen-only mode. After 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 Chang, Jinko Solar's Investor Relations Manager. Please proceed, Ripple.

Thank you, operator. Thank you, everyone, for joining us today for Jinko Solar's third quarter 2021 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, Xian De, Chairman of Board of Directors and Chief Executive Officer of Jinko Solar Holding Company Limited, Mr. Jenna Miao, Chief Marketing Officer of Jinko Solar Company Limited, Mr. Pan Li, Chief Financial Officer of Jinko Solar Holding Company Limited, and Mr. Charlie Cao, Chief Financial 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. Penley, 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 risk 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 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 Xiande, 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.

Please go ahead, Mr. Li. The cost of logistics has increased further compared to the second quarter. The main construction price has reached a new high of nearly a year. But due to the drive of energy transformation in most areas around the world, the increase in the price of electricity, and the support of policy such as additional financing, customers are also improving their access to the main construction price. Although it has been challenged by many, compared to this year's global patent, there is no significant difference in the forecast for the beginning of the year. We are very pleased to have delivered total shipments of approximately 5 GW, total revenues of $1.33 billion, and gross margin at 15.1%.