JinkoSolar Holding Co Ltd DR

Hello, ladies and gentlemen, and thank you for standing by for Ginkgo Solar Holding Co. LTD Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question and answer session. As you remember, today's conference call is being recorded. I would now like to turn the meeting over to your host for today's call, to Mrs. Stella Wang, Jinko Solar Investor Relations. Please proceed, Stella.

Thank you, operator. Thank you, everyone, for joining us today for Jinko Solar's third quarter 2022 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 New Thrive Services website. 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 Zinco Solar are Mr. Lee Hsien-De, Chairman of the Board of Directors and Chief Executive Officer of Zinco Solar Holding Company Limited, Mr. Jenna Miao, Chief Marketing Officer of Zinco Solar Company Limited, Mr. Pan Li, Chief Financial Officer of Zinco Solar Holding Company Limited, and Mr. Charlie Cao, Chief Financial Officer of Zinco Solar Company Limited. Mr. Li will discuss Zinco Solar's business operations and company highlights, followed by Mr. Miao, who will talk about the sales and marketing, and then Mr. Pan Li, 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 Dinko Solar's public filing with the Securities and Exchange Commission. Dinko 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 Xiangde, Chairman and CEO of Zinco Solar Holdings. Mr. Li will speak in Mandarin and I will translate his comments into English. Please go ahead, Mr. Li. Mr. Li.

The total sales volume of the third quarter was about 10.9 GW. The total profit was doubled. The total revenue was about 27.4 billion US dollars. The total growth was about 127.8%. We continuously improve the supply chain management to strengthen the control over costs. With the demonstration of N-type core battery production, our integrated production results continue to improve. According to the competitiveness, N-type product exports have increased significantly. The profit level of the third quarter has improved. The net profit of the third quarter is about 15.7% compared to the profit of the second quarter, which is about 14.7%. The net profit is about 77.3 million US dollars, which is about 183.1% of the net profit. The effect of the expansion debt and full-fledged expenses has been adjusted to about 60.1 million US dollars.