JinkoSolar Holding Co., Ltd. unveiled its new series 'Eagle II' solar modules at the 7(th) SNEC International Photovoltaic Power Generation Conference & Exhibition in Shanghai. Like its predecessor, the 'Eagle II' series represents another new standard for high performance and reliability by reaching peak power output of approximately 260-270 Watts for a 60-cell module; the high power outputs on the PV market nowadays. The 'Eagle II' solar module utilizes polycrystalline cells to deliver increased efficiency through decreased electrical resistance. Like the 'Eagle I', the new series of modules are certified under extreme weather conditions of 85 Degrees Celsius and 85% relative humidity (PID free). The 'Eagle II' serie is consistent with JinkoSolar high quality standards of performance, degradation and safety. With the attractive appearance of a black panel laminated with black frame and dark blue polycrystalline solar cells, the 'Eagle II' series is designed for both rooftops as well as ground mounting systems.

JinkoSolar Holding Co., Ltd. announced that it has provided 804 kW of highly efficient solar panels to the rooftop PV solar installation located on a desalination plant. The location is in Murcia, Spain. The desalination plant is operated by the Acuamed. Construction of the14,000 m(2) rooftop installation began in September 2012 and was completed within three months. Due to its optimized design, almost 100% of the available roof space is fully utilized. The rooftop installation will reduce harmful emissions by approximately 725 tons annually and is expected to produce 1.2 million kWh per year, roughly equivalent to the total electrical needs of over 500 households. The energy generated will primarily be used to power the energy-intensive process of desalination and to supply other operations in the plant in order to reduce energy costs.

JinkoSolar Holding Co., Ltd. reported unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's total revenues were CNY 1,167,166,000 compared to CNY 1,198,433,000 a year ago. Loss from operations was CNY 733,709,000 compared to CNY 316,075,000 a year ago. Net loss attributable to the company's ordinary shareholders was CNY 761,135,000 or CNY 8.58 per basic and diluted share compared to CNY 366,616,000 or CNY 4.06 per basic and diluted share a year ago. Net loss attributable to the company's ordinary shareholders per diluted ADS was CNY 34.32 compared to CNY 16.24 a year ago. Non-GAAP net loss attributable to the company's ordinary shareholders was CNY 699,548,000 or CNY 7.88 per diluted and basic share compared to CNY 370,757,000 or CNY 4.10 per diluted and basic share a year ago. Non-GAAP net loss attributable to the company's ordinary shareholders per diluted and basic ADS was CNY 31.52 compared to CNY 16.40 a year ago. The sequential decrease in revenue was primarily due to an industry-wide decline in average selling prices of solar products and a decrease in solar module shipments during the fourth quarter of 2012. Loss before income tax was CNY 762,447,000 against CNY 384,621,000 a year ago. For the year, the company's total revenues were CNY 4,794,769,000 compared to CNY 7,384,951,000 a year ago. Loss from operations was CNY 1,233,485,000 compared to profit from operations of CNY 315,885,000 a year ago. Loss before income taxes were CNY 1,552,715,000 compared to profit before income taxes CNY 354,399,000 a year ago. Net loss attributable to the company's ordinary shareholders was CNY 1,542,419,000 or CNY 17.38 per basic and diluted share compared to net income of CNY 273,343,000 or CNY 2.91 per basic and diluted share a year ago. Net loss attributable to the company's ordinary shareholders per diluted ADS was CNY 69.52 compared to CNY 4.92 a year ago. Non-GAAP net loss attributable to the company's ordinary shareholders was CNY 1,415,157,000 or CNY 15.94 per diluted and basic share compared to Non-GAAP net income of CNY 4,350,000 or CNY 0.05 per diluted and basic share a year ago. Non-GAAP net loss attributable to the company's ordinary shareholders per diluted and basic ADS was CNY 63.76 compared to Non-GAAP net profit of CNY 0.20 a year ago. The decrease in revenues were primarily due to the decrease in ASPs which were offset by increased shipments. For the fourth quarter, the company's total solar product shipments were 301.9 megawatts (MW), consisting of 252.3 MW of solar modules, 25.3 MW of silicon wafers and 24.3 MW of solar cells. This represents a decrease of 9.9% from 335.2 MW in the third quarter of 2012 and an increase of 33.0% from 227.0 MW in the fourth quarter of 2011. Total solar product shipments for the full year 2012 reached a record high of 1,188.3 MW, consisting of 912.4 MW of solar modules, 197.4 MW of silicon wafers and 78.5 MW of solar cells in comparison, total shipments for the full year 2011 were 950.5 MW, consisting of 760.8 MW of solar modules, 134.7 MW of silicon wafers and 55.0 MW of solar cells, with an increase of 25.0% from 950.5 MW for the full year 2011. For the first quarter of 2013, total solar module shipments are expected to be between 270 MW and 300 MW. For the full year 2013, total solar module shipments are expected to be between 1.2 GW and 1.5 GW, and total project development scale is expected to be between 200 MW and 300 MW. The company expects to maintain in-house annual silicon wafer, solar cell and solar module production capacity at approximately 1,200 MW each by the end of 2013. The company recognized an impairment of long lived assets for the quarter was CNY 65,476,000, due to the continuing technology innovation in the solar industry.