JinkoSolar Holding Co Ltd DR

Hello. Thank you for standing by, and welcome to the Q1 2023 JNCO Solar Holding Company Limited Earnings Conference Call. All participants are in listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number 1 on your telephone keypad. And now I'd like to turn the conference over to Stella Wong. Please go ahead.

Thank you, operator. Thank you, everyone, for joining us today for Zinco Solar's first quarter 2023 earnings conference call. The company's results were released early today and available on the company's IR website at www.zincosolar.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 Zinco Solar are Mr. Lee Hsien-de, Chairman of the Board of Directors and Chief Executive Officer of Zinco Solar Holdings Company Limited, Mr. Jinan Miao, Chief Marketing Officer of Zinco Solar Company Limited, Mr. Pan Li, Chief Financial Officer of Zinco Solar Holdings Company Limited, and Mr. Charlie Cao, Chief Financial Officer of Zinco Solar Company Limited. Mr. Li will discuss Incosolar's business operations and company highlights, followed by Mr. Miao, who will talk about the sales and marketing, and then Mr. Pan, who will go through the financials. We will all be available to answer your questions during the Q&A session that follows. Please note that today's discussion will concern forward-looking statements made under the Steve Harper Provisions of the U.S. Private Security 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 Thinko Solar's public filing with the Securities and Exchange Commission. Thinko 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. Lee Sander, Chairman and CEO of Zinco Solar Holdings. Mr. Lee will speak in Mandarin, and I will translate his comments into English. Please go ahead, Mr. Lee.

Mr. Lee, I am very pleased to receive the increase in revenue from the same ratio as the revenue from the same ratio as the revenue from the same ratio as the revenue from the same ratio as the revenue from At the same time, the advantage of building a global marketing network and N-type products is that there are nearly 50% of N-type products in the market. Part of it contributes to the increase in profit, with a profit margin of 17.3% compared to 15.1% in the first quarter last year. The profit of the first quarter company can be affected by the loss of U.S. capital funds. We have taken active measures to deal with it. Passage efficiency and U.S. market output are gradually increasing. As we progress, we expect the US market to improve. Recently, our main operating company, Jiangxi Jinke, has successfully issued RMB 10 billion in cash. The sum of the money will provide us with high-efficiency energy products. According to the market demand, China's market belongs to the long-term chain. The return of the price and the opening of the 2022 year-end project A record of 33.7 GW of China's mining equipment has been increased by 154.8%. The number of mining equipment in China has surpassed that of water power, becoming the country's second largest source of energy. The export data is also very strong. A record of China's export of mining equipment and batteries has been increased by 131.3 billion US dollars. Compared to the same period last year, the level of water has increased by 15.3%. Since the second quarter, the price of raw materials has entered a gradual rhythm due to the relatively stable play of industry chains. With the continuous release of raw material products, the decline in the price of raw materials will greatly increase the demand for the market. The first-tier enterprises look forward to developing and acquiring more market share in the market by using stronger supply chain management and market layout development and products. We look forward to the growth of the global market in 2023 and the opportunity for new technologies to emerge. In the foundation of the global supply chain and marketing network, we continue to increase the development and investment of N-type products, and continue to explore and actively respond to market competition in the PV plus field. At the end of the first quarter, the top-com battery line of the top-com battery line of the top-com battery line of the top-com battery line of the top-com battery line of the top-com battery line of the top-com battery line of the top-com battery line of the top-com battery line of the top-com battery line of the top-com In addition, we have strengthened the transition of the N-type ecological chain through the preservation of key main materials, the replacement and processing of core technologies, and the improvement of the process. Not only do we strengthen the competitive advantage from the N-type chip battery components to the all-round competition, but also the expansion of the current industry technology is relatively rapid. Our technology performance and cost indicators are constantly improving, and we hope to continue to dominate the industry. In the recently published module tech financing rating report by PVTECH, we have won 3A ratings, and have been recognized by the industry for its excellent manufacturing, financial and technical advantages. As of the end of the year, our engine components have accumulated more than 16GW in total, and have provided support to hundreds of projects around the world in the past year. In January 2023, we released the second TECHNEW series of components, The upgraded version of TECNIO includes 54 pieces, 445 watts, 72 pieces of 615 watts, and 78 pieces of 635 watts, three series. The maximum efficiency ratio has reached 22.27%, 22.23%, and 22.72%. At the same time, we have increased the investment and training of the storage business, not only to bring more effective, more reliable, safe, and cost-effective light solution solutions for customers, We believe that the future competitiveness will be the competitiveness of comprehensive strength. We have confidence in the development of the global industrial chain and the advantage of N-type research and development. We will further improve our global market competitiveness and profit level. Before I hand over the topic to Jenna, I would like to introduce the performance index. It is expected that at the end of 2023, the efficiency of N-type battery production will reach 25.8%. We are pleased to deliver year-over-year improvements in module measurements, total revenues, and growth margins.