JinkoSolars CEO, Kangping Chen cited weak market demand and decreasing average selling prices as the key reasons behind the companys decision.
Therefore, as opposed to shipping between 230 and 250 megawatts (MW) worth of solar modules in Q3 2011, it now believes between 210 and 220 MW will be shipped. For the full year, meanwhile, it now expects to ship a total of between 770 and 900 MW, instead of between 950 and 1,000 MW.
In terms of revenues, JinkoSolar has lowered its Q3 expectations, from between USD$310 million and $330 million, to between $270 million and $280 million. For the full year, it predicts revenues of between $1.1 billion to $1.2 billion, as opposed to between $1.4 billion to $1.5 billion.
The company will release its Q3 results on November 21.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.