JinkoSolar Holding Co Ltd DR

Hello, ladies and gentlemen, and thank you for standing by for Jinko Solar Holdings Co. Limited 4th Quarter 2023 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. Stella Wang, Jinko Solar's Investor Relations. Please proceed, Stella.

Thank you, operator. Thank you, everyone, for joining us today for Ginkgo Solar's fourth quarter 2023 earnings conference call. The company's results were released early today and are available on the company's IR website at www.ginkgosolar.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. Lee Hsien-de, Chairman and CEO of Jinko Solar Holding Company Limited, Mr. Jenna Miao, CMO of Jinko Solar Company Limited, Mr. Pan Li, CFO of Jinko Solar Holding Company Limited, and Mr. Charlie Cao, CFO 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. Pan Li 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 contain forward-looking statements made under the Steve Haber 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 Zinco Solar's public filings with the Securities and Exchange Commission. Zinco 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 Holding. Mr. Li will speak in Mandarin and I will translate his comments into English. Please go ahead, Mr. Li.

For the efforts we have made in terms of cost optimization, the annual profit level has increased significantly. The annual net profit is 16%, which is 4.8% compared to 2022. The net profit is 4.856 billion US dollars, which is 4.56 times higher than before. The adjusted profit is 5.736 billion US dollars, which is 1.93 times higher than before. There are 26.3 projects in total, exceeding our expectations. We are pleased to have achieved very impressive operational and financial results in a challenging year by leveraging our advantages in n-type top-con technology, globalized operations, and integrated capabilities.