JinkoSolar’s 67.65 GW sales and improving gross margins sparked the jump in its domestic shares when the company posted its third quarterly result on October 30. So far Jinko Solar Co., Ltd. is the only company maintaining a positive profit of 1.215 billion RMB and 31.29% sales growth across the year. In addition, JinkoSolar stunned the market with the introduction of its Tiger Neo III 670Wp/24.8% efficiency modules in Australia on October 24, built on upgraded TOPCon HOT 4.0, MAX technologies. Delivering that promise buoyed the industry and investors.
Tiger Neo III, built on upgraded TOPCon technologies, has all-around better performance than those currently available or promoted offerings. It is targeting the most demanding and less price-sensitive markets including the Middle East, Europe, Australia, Japan etc. The focus of those high-end customers is JinkoSolar’s next model Tiger Neo III performance of front side high power and efficiency without sacrificing the bifaciality of back side thanks to advanced TOPCon technologies.
Being able to beat others outside of the low-pricing game is a strategic undertaking. Affordability for performance-demanding customers will not continue to be a priority next year. That will be made better if the ramping up goes smoothly.
