0001410578-22-001053 | 20-F | XBRL Viewer | Jinkosolar Holding Co LTD

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Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2021 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-34615
Entity Registrant Name	JinkoSolar Holding Co., Ltd.
Entity Incorporation, State or Country Code	KY
Entity Address, Address Line One	1 Jingke Road
Entity Address, Address Line Two	Shangrao Economic Development Zone
Entity Address, City or Town	Jiangxi Province
Entity Address, Postal Zip Code	334100
Entity Address, Country	CN
Entity Common Stock, Shares Outstanding	190,824,913
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Central Index Key	0001481513
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
ICFR Auditor Attestation Flag	true
Auditor Name	PricewaterhouseCoopers Zhong Tian LLP
Auditor Firm ID	1424
Auditor Location	Shanghai, the People’s Republic of China
American Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	American Depositary Shares, each representing fourordinary shares, par value US$0.00002 per share
Trading Symbol	JKS
Security Exchange Name	NYSE
Ordinary shares
Document Information [Line Items]
Title of 12(b) Security	Ordinary shares, par value US$0.00002 per share*
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Mengmeng (Pan) Li
Entity Address, Address Line One	1 Jingke Road
Entity Address, Address Line Two	Shangrao Economic Development Zone
Entity Address, City or Town	Jiangxi Province
Entity Address, Postal Zip Code	334100
Entity Address, Country	CN
City Area Code	86-793
Local Phone Number	846-9699
Contact Personnel Email Address	pan.li@jinkosolar.com

CONSOLIDATED STATEMENTS OF OPERATIONS	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares	Dec. 31, 2019 CNY (¥) ¥ / shares shares
Total revenues	¥ 40,826,521,106	$ 6,406,572,060	¥ 35,129,458,616	¥ 29,746,287,759
Cost of revenues	(34,168,686,106)	(5,361,812,464)	(28,957,798,084)	(24,314,602,138)
Gross profit	6,657,835,000	1,044,759,596	6,171,660,532	5,431,685,621
Selling and marketing	(2,856,464,995)	(448,241,690)	(2,473,982,242)	(2,250,335,913)
General and administrative	(1,963,562,082)	(308,125,739)	(1,409,371,207)	(1,059,026,633)
Impairment of long-lived assets	(273,712,982)	(42,951,540)	(114,167,665)	(68,262,038)
Research and development	(461,589,946)	(72,433,535)	(389,192,056)	(324,434,526)
Total operating expenses	(5,555,330,005)	(871,752,504)	(4,386,713,170)	(3,702,059,110)
Income from operations	1,102,504,995	173,007,092	1,784,947,362	1,729,626,511
Interest expenses, net	(624,029,438)	(97,923,836)	(459,233,810)	(391,582,064)
Subsidy income	465,685,219	73,076,173	191,980,690	63,016,966
Exchange gain/(loss), net	(355,498,839)	(55,785,525)	(336,522,915)	8,808,559
Other income, net	1,911,050	299,885	2,292,191	17,873,433
Gain on disposal of subsidiaries	0	0	0	19,935,109
Convertible senior notes issuance costs	0	0	0	(18,646,101)
Income before income taxes	1,089,902,804	171,029,533	566,371,892	1,251,186,211
Income tax expenses	(194,140,148)	(30,464,826)	(178,410,780)	(277,979,001)
Equity in (loss)/income of affiliated companies	59,808,853	9,385,314	(52,705,838)	(48,854,715)
Net income	955,571,509	149,950,021	335,255,274	924,352,495
Less: Net income attributable to the non-controlling interests	(234,553,599)	(36,806,578)	(104,870,621)	(25,690,269)
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	¥ 721,017,910	$ 113,143,443	¥ 230,384,653	¥ 898,662,226
Net income/(loss) attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders per share -
Basic \| (per share)	¥ 3.78	$ 0.59	¥ 1.29	¥ 5.31
Diluted \| (per share)	2.01	0.31	(1.36)	4.85
Net income/(loss) attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders per ADS-
Basic \| (per share)	¥ 15.12	$ 2.37	¥ 5.15	¥ 21.22
Diluted	8.02	1.26	(5.42)	19.40
Weighted average ordinary shares outstanding
Basic	190,672,869	190,672,869	178,938,853	169,363,306
Diluted	205,719,772	205,719,772	171,438,853	166,567,757
Number of ordinary shares per ADS	4	4
Interest Rate Swap [Member]
Change in fair value of foreign exchange forward contracts	¥ 0	$ 0	¥ (78,878,089)	¥ (69,974,512)
Foreign Exchange Forward Contract [Member]
Change in fair value of foreign exchange forward contracts	288,880,284	45,331,620	191,185,803	(78,283,526)
Third Party [Member]
Total revenues	40,794,758,592	6,401,587,828	35,067,287,007	29,592,010,063
Related Party [Member]
Total revenues	31,762,514	4,984,232	62,171,609	154,277,696
Convertible Senior Notes and Call Options [Member]
Change in fair value of foreign exchange forward contracts	191,640,770	30,072,619	(725,791,523)	(29,257,458)
Foreign exchange option
Change in fair value of foreign exchange forward contracts	¥ 18,808,763	$ 2,951,505	¥ (3,607,817)	¥ (330,706)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	12 Months Ended
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	¥ 955,571,509	$ 149,950,021	¥ 335,255,274	¥ 924,352,495
Other comprehensive income:
-Change in fair value of interest rate swap cash flow hedges (Note 31)	(12,294,252)	(1,929,236)
-Reclassification of change in instrument-specific credit risk (Note 24)	(14,252,339)	(2,236,503)
-Change in instrument-specific credit risk (Note 24)	56,224,381	8,946,309	60,325,828	(21,089,777)
-Foreign currency translation adjustments	(55,437,508)	(8,822,831)	(251,893,476)	13,741,077
Comprehensive income	929,811,791	145,907,760	143,687,626	917,003,795
Less: comprehensive income attributable to non-controlling interests	(234,553,599)	(36,806,578)	(104,870,621)	(25,690,269)
Comprehensive income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	¥ 695,258,192	$ 109,101,182	¥ 38,817,005	¥ 891,313,526

CONSOLIDATED BALANCE SHEETS	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 8,321,415,455	$ 1,305,811,671	¥ 7,481,678,114
Restricted cash	602,044,348	94,473,896	593,093,671
Restricted short-term investments	9,261,917,940	1,453,397,034	6,400,637,248
Short-term investments	150,000,000	23,538,273	570,000,000
Accounts receivable, net - related parties	29,417,134	4,616,190	410,358,136
Accounts receivable, net - third parties	7,471,102,880	1,172,379,073	4,534,758,279
Notes receivable - related party	0	0	33,001,402
Notes receivable, net - third parties	1,689,102,074	265,056,974	1,051,561,153
Advances to suppliers - third parties	1,536,154,555	241,056,171	1,002,613,083
Inventories, net	13,252,351,826	2,079,583,188	8,376,935,829
Foreign exchange forward contract receivables	73,532,113	11,538,793	183,146,199
Other receivables - related parties	17,348,048	2,722,287	23,756,223
Held-for-sale assets	684,631,420	107,433,610
Prepayments and other current assets	2,435,056,434	382,113,491	3,020,592,138
Total current assets	45,524,074,227	7,143,720,651	33,682,131,475
Non-current assets:
Restricted long-term investments	1,204,696,636	189,043,191	1,389,194,457
Accounts receivable, net - third parties	27,623,953	4,334,801	26,404,958
Project assets, net	0	0	645,354,723
Investments in affiliates	538,865,592	84,559,770	194,257,539
Property, plant and equipment, net	19,969,893,729	3,133,712,100	12,455,443,559
Land use rights, net	1,090,056,680	171,053,680	760,961,584
Intangible assets, net	55,484,482	8,706,726	35,837,648
Deferred tax assets	371,767,409	58,338,419	255,107,432
Financing lease right-of-use assets, net	628,592,051	98,639,810	829,122,192
Operating lease right-of-use assets, net	438,271,327	68,774,335	316,512,346
Call option related to convertible senior notes	0	0	756,929,181
Advances to suppliers to be utilized beyond one year	296,709,363	46,560,174
Other assets - related parties	3,291,940	516,577	107,318,909
Other assets - third parties	2,739,159,389	429,833,881	1,777,798,867
Investments in equity securities	95,000,000	14,907,573
Total non-current assets	27,459,412,551	4,308,981,037	19,550,243,395
Total assets	72,983,486,778	11,452,701,688	53,232,374,870
Current liabilities:
Accounts payable - related parties	15,863,346	2,489,305	14,113,577
Accounts payable - third parties	6,799,853,892	1,067,045,459	4,436,495,099
Notes payable - third parties	12,072,223,255	1,894,395,263	9,334,876,307
Accrued payroll and welfare expenses	1,240,790,768	194,707,147	995,054,181
Advances from third parties	5,914,353,779	928,091,168	2,451,495,092
Income tax payables	214,855,991	33,715,593	73,720,203
Foreign exchange forward derivatives payables	2,659,203	417,287	17,894,719
Convertible senior notes - current	0	0	1,831,612,124
Financing lease liabilities - current	194,939,003	30,590,183	272,329,554
Operating lease liabilities - current	62,515,082	9,809,981	48,244,010
Short-term borrowings, including current portion of long-term borrowings, and failed sale-leaseback financing	13,339,366,693	2,093,237,720	8,238,530,781
Other payables and accruals - third parties	4,844,082,786	760,142,295	3,408,395,342
Other payables - related parties	2,229,986	349,933	71,515,404
Guarantee liabilities to related parties	2,500,484	392,381	22,519,228
Held-for-sale liabilities	553,234,267	86,814,529
Deferred revenue	200,000,000	31,384,364
Total current liabilities	45,459,468,535	7,133,582,608	31,216,795,621
Non-current liabilities:
Long-term borrowings	9,896,454,537	1,552,969,673	7,301,535,829
Long-term payables	568,495,484	89,209,347	97,372
Accrued warranty costs - non-current	858,641,186	134,739,539	769,331,650
Financing lease liabilities - non-current	236,373,848	37,092,215	313,087,663
Operating lease liabilities - non-current	385,419,556	60,480,739	277,239,113
Convertible senior notes	1,098,736,489	172,415,731
Deferred tax liability	183,003,129	28,717,184	328,713,193
Guarantee liabilities to related parties - non-current	9,641,903	1,513,025	34,812,446
Total non-current liabilities	13,236,766,132	2,077,137,453	9,024,817,266
Total liabilities	58,696,234,667	9,210,720,061	40,241,612,887
Commitment and contingencies
Shareholders' equity:
Ordinary shares (US$0.00002 par value, 500,000,000 shares authorized, 190,380,309 and 193,770,753 shares issued as of December 31, 2020 and December 31, 2021, respectively)	26,491	4,157	26,052
Additional paid-in capital	5,617,922,528	881,574,636	5,251,244,630
Statutory reserves	700,244,270	109,883,606	692,008,508
Accumulated other comprehensive loss	(154,375,168)	(24,224,833)	(128,615,450)
Treasury stock, at cost; 2,945,840 ordinary shares as of December 31, 2020 and December 31, 2021,	(43,169,878)	(6,774,296)	(43,169,878)
Retained earnings	4,929,132,560	773,488,462	4,216,350,412
Total JinkoSolar Holding Co., Ltd. Shareholders' equity	11,049,780,803	1,733,951,732	9,987,844,274
Non-controlling interests	3,237,471,308	508,029,895	3,002,917,709
Total shareholders' equity	14,287,252,111	2,241,981,627	12,990,761,983
Total liabilities, redeemable non-controlling interest and shareholders' equity	¥ 72,983,486,778	$ 11,452,701,688	¥ 53,232,374,870

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020	May 31, 2019	Feb. 28, 2018
CONSOLIDATED BALANCE SHEETS
Ordinary shares, par value	$ 0.00002	$ 0.00002	$ 0.00002	$ 0.00002
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	193,770,753	190,380,309
Ordinary shares, shares outstanding	190,824,913	187,434,469
Treasury stock at cost, shares	2,945,840	2,945,840

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY	Adjustment Ordinary shares CNY (¥) shares	Adjustment Additional paid in capital [Member] CNY (¥)	Adjustment Statutory reserves [Member] CNY (¥)	Adjustment Accumulated other comprehensive (loss)/income [Member] CNY (¥)	Adjustment Treasury stock [Member] CNY (¥) shares	Adjustment Retained earnings (Accumulated losses) [Member] CNY (¥)	Adjustment Non-controlling interests [Member] CNY (¥)	Adjustment CNY (¥)	Ordinary shares CNY (¥) shares	Additional paid in capital [Member] CNY (¥)	Statutory reserves [Member] CNY (¥)	Accumulated other comprehensive (loss)/income [Member] CNY (¥)	Treasury stock [Member] CNY (¥) shares	Retained earnings (Accumulated losses) [Member] CNY (¥)	Non-controlling interests [Member] CNY (¥)	CNY (¥) shares	USD ($) shares
Cumulative effect of adoption of new accounting standard (Note 2(am))									¥ 21,727	¥ 4,010,739,727	¥ 570,176,203	¥ 70,300,898	¥ (13,875,553)	¥ 3,202,528,312	¥ 614,086,626	¥ 8,453,977,940
Beginning Balance at Dec. 31, 2018									¥ 21,727	4,010,739,727	570,176,203	70,300,898	¥ (13,875,553)	3,202,528,312	614,086,626	8,453,977,940
Beginning Balance (in shares) at Dec. 31, 2018 \| shares									158,587,937				(1,723,200)
Share-based compensation expense									¥ 0	4,578,315	0	0	¥ 0	0	0	4,578,315
Appropriation to statutory reserves									0	0	119,530,534	0	0	(119,530,534)	0	0
Foreign currency exchange translation adjustment									0	0	0	13,741,077	0	0	0	13,741,077
Common stock offering									¥ 2,579	488,948,216	0	0	¥ 0	0	0	488,950,795
Common stock offering (in shares) \| shares									18,687,500				0
Change in the instrument-specific credit risk (Note 24)									¥ 0	0	0	(21,089,777)	¥ 0	0	0	(21,089,777)
Contribution from non-controlling interest									0	0	0	0	0	0	2,595,780,000	2,595,780,000
Repurchase of non-controlling interest									0	0	0	0	0	0	97,848,385	97,848,385
Disposition of Poyang Luohong subsidiary									0	0	0	0	0	0	(97,848,385)	(97,848,385)
Exercise of share options									¥ 461	78,583,604	0	0	¥ 0	0	0	¥ 78,584,065
Exercise of share option (in shares) \| shares									3,378,060				0			3,378,060	3,378,060
Net income									¥ 0	0	0	0	¥ 0	898,662,226	25,690,269	¥ 924,352,495
Ending Balance at Dec. 31, 2019									¥ 24,767	4,582,849,862	689,706,737	62,952,198	¥ (13,875,553)	3,981,660,004	3,137,708,510	12,441,026,525
Ending Balance (in shares) at Dec. 31, 2019 \| shares									180,653,497				(1,723,200)
Cumulative effect of adoption of new accounting standard (Note 2(am))									¥ 24,767	4,582,849,862	689,706,737	62,952,198	¥ (13,875,553)	3,981,660,004	3,137,708,510	12,441,026,525
Share-based compensation expense									0	922,868	0	0	0	0	0	922,868
Appropriation to statutory reserves									0	0	2,301,771	0	0	(2,301,771)	0	0
Foreign currency exchange translation adjustment									0	0	0	(251,893,476)	0	0	0	(251,893,476)
Share Repurchase (Note 25)									0	0	0	0	¥ (29,294,325)	0	0	(29,294,325)
Share Repurchase (Note 25) (in shares) \| shares													(1,222,640)
Common stock offering									¥ 781	636,178,663	0	0	¥ 0	0	0	¥ 636,179,444
Common stock offering (in shares) \| shares									5,976,272							5,976,272	5,976,272
Change in the instrument-specific credit risk (Note 24)									¥ 0	0	0	60,325,828	0	0	0	¥ 60,325,828
Contribution from non-controlling interest									0	0	0	0	0	0	865,000,000	865,000,000
Contribution from principal shareholders (Note 26)									0	139,854,157	0	0	0	0	(139,854,157)	0
Settlement of non-controlling interest (Note 20)									0	(171,497,761)	0	0	0	0	(3,798,746,361)	(3,970,244,122)
Repurchase of non-controlling interest									0	(20,624,812)	0	0	0	0	(266,060,904)	(286,685,716)
Equity financing in a subsidiary (Note 26)									0	0	0	0	0	0	3,100,000,000	3,100,000,000
Disposition of Poyang Luohong subsidiary									0	20,624,812	0	0	0	0	266,060,904	286,685,716
Exercise of share options									¥ 504	83,561,653	0	0	0	0	0	¥ 83,562,157
Exercise of share option (in shares) \| shares									3,750,540							3,750,540	3,750,540
Net income									¥ 0	0	0	0	0	230,384,653	104,870,621	¥ 335,255,274
Ending Balance at Dec. 31, 2020	¥ 0	¥ 0	¥ 0	¥ 0	¥ 0	¥ 6,607,526	¥ 0	¥ 6,607,526	¥ 26,052	5,251,244,630	692,008,508	(128,615,450)	¥ (43,169,878)	4,216,350,412	3,002,917,709	12,990,761,983
Ending Balance (in shares) at Dec. 31, 2020 \| shares									190,380,309				(2,945,840)
Cumulative effect of adoption of new accounting standard (Note 2(am))	0	0	0	0	0	6,607,526	0	6,607,526	¥ 26,052	5,251,244,630	692,008,508	(128,615,450)	¥ (43,169,878)	4,216,350,412	3,002,917,709	12,990,761,983
Share-based compensation expense									0	9,884,090	0	0	0	0	0	9,884,090
Appropriation to statutory reserves									0	0	8,235,762	0	0	(8,235,762)	0	0
Foreign currency exchange translation adjustment									0	0	0	(55,437,508)	0	0	0	(55,437,508)	$ (8,822,831)
Change in the instrument-specific credit risk (Note 24)									0	0	0	56,224,381	0	0	0	56,224,381	$ 8,946,309
Exercise of share options									¥ 14	2,211,730	0	0	¥ 0	0	0	¥ 2,211,744
Exercise of share option (in shares) \| shares									109,200				0			105,200	105,200
Conversion of Convertible senior notes (Note 24)	¥ 425	¥ 354,582,078	¥ 0	¥ (14,252,339)	¥ 0	¥ 0	¥ 0	¥ 340,330,164									$ 15,750,000
Conversion of Convertible senior notes (Note 24) (in shares) \| shares	3,281,244				0											3,281,244	3,281,244
Net income									¥ 0	0	0	0	¥ 0	721,017,910	234,553,599	¥ 955,571,509	$ 149,950,021
Change in fair value of interest rate swap cash flow hedges									0	0	0	(12,294,252)	0	0	0	(12,294,252)	(1,929,236)
Ending Balance at Dec. 31, 2021									¥ 26,491	5,617,922,528	700,244,270	(154,375,168)	¥ (43,169,878)	4,929,132,560	3,237,471,308	14,287,252,111	2,241,981,627
Ending Balance (in shares) at Dec. 31, 2021 \| shares									193,770,753				(2,945,840)
Cumulative effect of adoption of new accounting standard (Note 2(am))									¥ 26,491	¥ 5,617,922,528	¥ 700,244,270	¥ (154,375,168)	¥ (43,169,878)	¥ 4,929,132,560	¥ 3,237,471,308	¥ 14,287,252,111	$ 2,241,981,627

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Cash flows from operating activities:
Net income	¥ 955,571,509	$ 149,950,021	¥ 335,255,274	¥ 924,352,495
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation charge:	9,884,090	1,551,029	922,868	4,578,315
Change in fair value of foreign exchange options	(18,808,763)	(2,951,505)	3,607,817	330,706
Change in fair value of convertible senior notes	(327,761,941)	(51,433,001)	1,202,082,070	114,149,092
Change in fair value of interest rate swap	0	0	78,878,089	69,974,512
Convertible senior notes issuance expense	0	0	0	18,646,101
Deferred income taxes	(262,370,041)	(41,171,585)	94,158,083	291,623,774
Depreciation of property, plant and equipment	1,603,785,908	251,669,006	1,160,851,059	737,584,653
Amortization of right-of-use assets	135,791,384	21,308,631	146,965,210	145,539,290
Depreciation of project assets	32,559,392	5,109,279	52,830,115	77,028,161
Amortization of land use rights	18,030,766	2,829,421	12,379,121	11,974,071
Amortization of intangible assets	11,903,960	1,867,991	10,176,591	6,822,339
Amortization of guarantee liability	(6,364,065)	(998,661)	(14,687,691)	(18,574,433)
Inventory write-down	823,273,338	129,189,552	270,893,308	135,874,384
Provision for expected credit loss	82,427,030	12,934,600	14,086,414	61,591,999
Loss on disposal of property, plant and equipment	350,335,547	54,975,292	428,115,147	67,953,732
Amortization of deferred losses related to sale-leaseback transactions	13,423,787	2,106,486	27,502,575	33,560,902
Impairment of long-lived assets	273,712,982	42,951,540	114,167,665	68,262,038
Equity in loss/(income) of affiliated companies	(59,808,853)	(9,385,314)	52,705,838	48,854,715
Gain on disposal of investment in subsidiaries	0	0	0	(19,935,109)
Exchange (gain)/loss, net	355,498,839	55,785,525	336,522,915	(8,808,559)
Changes in operating assets and liabilities (net of impact of disposition):
Decrease/(Increase) in accounts receivable - third parties	(3,666,405,631)	(575,339,050)	362,086,656	168,487,767
Decrease in accounts receivable - related parties	364,677,061	57,225,789	89,587,130	155,264,144
(Increase)/decrease in notes receivable - third parties	(638,398,483)	(100,178,653)	478,057,166	(519,332,155)
(Increase)/decrease in notes receivable - related parties	33,001,402	5,178,640	(14,372,828)	(18,628,574)
(Increase)/decrease in advances to suppliers - third parties	(856,573,928)	(134,415,141)	1,536,442,289	(1,852,725,829)
Increase in inventories	(5,698,689,335)	(894,248,711)	(2,822,713,480)	(209,819,715)
(Increase)/decrease in project assets constructed for sale, net of incremental revenue (Note 2(m))			976,712,752	(397,684,206)
Decrease in lease liabilities	(50,425,973)	(7,912,936)	(36,498,499)	(28,151,002)
Decrease in other receivables - related parties	6,408,175	1,005,582	30,562,057	13,411,589
Decrease/(Increase) in prepayments and other current assets	(208,125,020)	(32,659,357)	(1,112,028,646)	57,559,179
Decrease in other assets - related parties	104,026,969	16,324,101	0	48,230,439
Decrease in other assets - third parties	(139,876,504)	(21,949,677)	(75,444,724)	(797,875,265)
Increase in land use right	(347,125,862)	(54,471,623)	(176,282,702)
Increase/(decrease) in accounts payable - third parties	2,644,118,292	414,919,859	(367,053,963)	184,669,751
Increase/(decrease) in accounts payable - related parties	1,749,769	274,577	(22,196,133)	35,611,667
Increase in accrued payroll and welfare expenses	245,736,587	38,561,433	115,536,590	68,544,633
Increase in deferred revenue	200,000,000	31,384,364
Increase/(decrease) in advances from - third parties	3,533,231,493	554,441,122	(1,792,906,128)	1,676,456,800
Decrease in advances from - related parties	0	0	(748,615)	(161,471)
Increase/(decrease) in income tax payables	141,135,788	22,147,285	(44,762,990)	48,243,071
Decrease in derivative assets_foreign exchange option	0	0	0	516,012
Decrease in derivative liability_interest rate swap	0	0	(140,150,054)	(21,488,548)
Increase in other payables and accruals - third parties	599,617,652	94,093,094	687,122,690	161,448,319
Increase/(decrease) in other payables and accruals - related parties	(69,285,420)	(10,872,394)	58,388,053	0
Decrease of long-term borrowings related to sale of project assets constructed for sale	0	0	(859,165,984)	0
Net cash provided by operating activities	430,646,256	67,577,792	591,486,340	1,410,642,923
Cash flows from investing activities:
Maturity of restricted short-term investments	10,501,199,585	1,647,867,367	10,075,360,381	7,876,919,116
Maturity of short-term investments	723,000,000	113,454,477
Maturity of restricted long-term investments	1,648,699,946	258,716,999	790,399,307	640,908,642
Proceeds from disposal of property, plant and equipment	20,457,548	3,210,236	88,714,309	201,267,370
Cash received from, net of cash disposed of, disposal of subsidiaries			48,078,440	198,291,138
Purchase of property, plant and equipment	(8,653,858,691)	(1,357,979,267)	(4,055,059,787)	(3,297,539,820)
Cash paid for project assets constructed to operate			(76,350,901)	(376,505,336)
Cash paid for investment in affiliates	(315,000,000)	(49,430,374)		(295,049,363)
Purchase of land use right				(34,951,335)
Purchase of intangible assets	(32,261,485)	(5,062,531)	(14,565,882)	(7,855,985)
Purchase of restricted short-term investments	(13,362,480,277)	(2,096,864,745)	(9,552,995,862)	(10,749,001,884)
Purchase of restricted long-term investments	(1,464,202,125)	(229,765,265)	(1,648,435,788)	(181,771,258)
Purchase of short-term investments	(303,000,000)	(47,547,312)	(570,000,000)
Purchase of a subsidiary			(19,431,850)
Cash paid for investment in equity securities	(95,000,000)	(14,907,573)
Cash received from dividend	23,212,799	3,642,595	15,597,932
Net cash used in investing activities	(11,309,232,700)	(1,774,665,393)	(4,918,689,701)	(6,025,288,715)
Cash flows from financing activities:
Proceeds from exercise of call option	621,058,952	97,457,702
Proceeds from issuance of ordinary shares	641,065,394	100,597,149		488,950,795
Cash received from issuance of convertible senior notes				585,301,500
Cash payment for call option				(206,577,000)
Cash payment for deposit of call option				(10,328,850)
Cash payment for finance lease and related deposit as lessee	(286,292,083)	(44,925,475)	(252,485,455)	(284,089,511)
Proceeds from exercise of share options	10,185,136	1,598,270	114,758,281	38,245,122
Payment of deposit for finance lease as lessee	(4,257,105)	(668,033)		(89,761,500)
Capital contributions by non-controlling interest holder			865,000,000	2,595,780,000
Issuance cost paid for issuance of convertible senior notes				(18,646,101)
Proceeds from bank borrowings	30,445,780,446	4,777,607,327	24,104,976,401	17,877,213,936
Repayment of borrowings	(24,280,436,663)	(3,810,130,349)	(25,337,297,256)	(14,945,664,410)
Decrease in notes payable - related party				(35,000,000)
Increase in notes payable - third party	2,737,346,948	429,549,469	1,816,306,625	1,686,462,664
Repurchase of convertible senior notes				(68,632)
Repayment of bonds payable				(300,000,000)
Equity financing in a subsidiary			3,100,000,000
Borrowings from government background funds	2,133,400,000	334,777,014	2,202,000,000
Repurchase of shares			(29,294,325)
Repurchase of non-controlling interest			(286,685,716)
Net cash provided by financing activities	12,017,851,025	1,885,863,074	6,297,278,555	7,381,818,013
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	(116,789,917)	(18,326,886)	(169,261,838)	24,758,635
Net increase in cash, cash equivalents, and restricted cash	1,022,474,664	160,448,587	1,800,813,356	2,791,930,856
Cash, cash equivalents, and restricted cash, beginning of the year	8,074,771,785	1,267,107,897	6,273,958,429	3,482,027,573
Cash, cash equivalents, and restricted cash, end of the year (Note 2(d))	9,097,246,449	1,427,556,484	8,074,771,785	6,273,958,429
Supplemental disclosure of cash flow information
Cash paid for income tax	157,366,212	24,694,193	357,781,362	13,596,822
Cash paid for interest expenses (net of amounts capitalized)	801,872,617	125,831,312	670,159,522	575,397,291
Supplemental disclosure of non-cash investing and financing cash flow information
Purchases of property, plant and equipment included in payables	2,756,445,609	432,546,466	1,648,426,572	1,488,570,184
Purchases of project assets included in held-for-sale liabilities				177,729,416
Proceeds from exercise of share options received in subsequent period	1,169,427	183,509	9,142,819	40,338,943
Receivables related to At-The-Market offering			641,065,394
Receivables related to disposal of Property, plant and equipment	111,803,786		92,734,513
Disposal of equity securities with consideration offset against payable balance due to third party			7,200,000
Conversion of convertible senior notes to ordinary shares	(340,330,164)	(53,405,229)
Change in fair value of derivative forward contracts
Adjustments to reconcile net income to net cash provided by operating activities:
Change in fair value of foreign exchange forward contracts	104,643,184	16,420,799	(129,806,218)	(48,425,227)
Capped Call Options [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Change in fair value of call option	¥ 136,121,171	$ 21,360,382	¥ (476,290,547)	¥ (84,891,634)

ORGANIZATION AND NATURE OF OPERATIONS

12 Months Ended

Dec. 31, 2021

ORGANIZATION AND NATURE OF OPERATIONS

ORGANIZATION AND NATURE OF OPERATIONS

1. ORGANIZATION AND NATURE OF OPERATIONS

JinkoSolar Holding Co., Ltd. (the “Company” or “JinkoSolar Holding”) was incorporated in the Cayman Islands on August 3, 2007. On May 14, 2010, the Company became listed on the New York Stock Exchange (“NYSE”) in the United States. The Company and its subsidiaries (collectively the “Group”) are principally engaged in the design, development, production and marketing of photovoltaic products as well as developing commercial solar power projects.

The following table sets forth information concerning the Company’s major subsidiaries as of December 31, 2021:


	Date of
	Incorporation	Place of	Percentage
Subsidiaries	/Acquisition	Incorporation	of ownership

JinkoSolar Investment Limited. (“Paker”)	November 10, 2006	Hong Kong	100	%

Jinko Solar Co., Ltd. (“Jiangxi Jinko”)	December 13, 2006	PRC	73	%

Zhejiang Jinko Solar Co., Ltd. (“Zhejiang Jinko”)	June 30, 2009	PRC	73	%

Jinko Solar Import and Export Co., Ltd. (“Jinko Import and Export”)	December 24, 2009	PRC	73	%

JinkoSolar GmbH (“Jinko GmbH”)	April 1, 2010	Germany	73	%

Zhejiang Jinko Trading Co., Ltd. (“Zhejiang Trading”)	June 13, 2010	PRC	73	%

Xinjiang Jinko Solar Co., Ltd. (“Xinjiang Jinko”)	May 30, 2016	PRC	73	%

Yuhuan Jinko Solar Co., Ltd. (“Yuhuan Jinko”)	July 29, 2016	PRC	73	%

JinkoSolar (U.S.) Inc. (“Jinko US”)	August 19, 2010	USA	73	%

Jiangxi Photovoltaic Materials Co., Ltd. (“Jiangxi Materials”)	December 1, 2010	PRC	73	%

JinkoSolar (Switzerland) AG (“Jinko Switzerland”)	May 3, 2011	Switzerland	73	%

JinkoSolar (US) Holdings Inc. (“Jinko US Holding”)	June 7, 2011	USA	73	%

JinkoSolar Italy S.R.L. (“Jinko Italy”)	July 8, 2011	Italy	73	%

Jinko Solar Canada Co., Ltd. (“Jinko Canada”)	November 18, 2011	Canada	73	%

Jinko Solar Australia Holdings Co. Pty Ltd. (“Jinko Australia”)	December 7, 2011	Australia	73	%

Jinko Solar Japan K.K. (“JinkoSolar Japan”)	May 21, 2012	Japan	73	%


	Date of
	Incorporation	Place of	Percentage
Subsidiaries	/Acquisition	Incorporation	of ownership

Jinko Solar (Shanghai) Management Co., Ltd.	July 25, 2012	PRC	73	%

Wide Wealth Group Holding Limited. (“Wide Wealth Hong Kong”)	June 11, 2012	Hong Kong	100	%

Canton Best Limited (“Canton Best BVI”)	September 16, 2013	BVI	100	%

Jinko Solar Technology Sdn.Bhd.	January 21, 2015	Malaysia	73	%

JinkoSolar International Development Limited.	August 28, 2015	Hong Kong	100	%

JinkoSolar Middle East DMCC (“DMCC”)	November 6, 2016	Emirates	73	%

JinkoSolar Trading Privated Limited.	February 6, 2017	India	73	%

JinkoSolar LATAM Holding Limited.	August 22, 2017	Hong Kong	100	%

JinkoSolar (U.S.) Industries Inc.	November 16, 2017	USA	73	%

JinkoSolar Technology (Haining) Co., Ltd. (“Haining Jinko”)*	December 15, 2017	PRC	51	%

Poyang Ruilixin Information Technology Co., Ltd.	December 19, 2017	PRC	73	%

Jinko Solar Korea Co., Ltd. (“Jinko Korea”)	December 3, 2018	Korea	73	%

JinkoSolar (Sichuan) Co., Ltd. (“Jinko Sichuan”)*	February 18, 2019	PRC	48	%

JinkoSolar (Qinghai) Co., Ltd. (“Jinko Qinghai”)*	April 3, 2019	PRC	40	%

Rui Xu Co., Ltd. (“Rui Xu”)*	July 24, 2019	PRC	44	%

JinkoSolar (Yiwu) Co., Ltd. (“Jinko Yiwu”)*	September 19, 2019	PRC	40	%

Jinko PV Material Supply SDN. BHD	September 23, 2019	Malaysia	73	%

JinkoSolar (Vietnam) Co., Ltd.	September 26, 2019	Vietnam	73	%

JinkoSolar (Chuzhou) Co., Ltd. (“Jinko Chuzhou”)*	December 26, 2019	PRC	40	%

Zhejiang New Materials Co., Ltd.	March 24, 2020	PRC	73	%

JinkoSolar (Shangrao) Co., Ltd. (“Jinko Shangrao”)*	April 17, 2020	PRC	40	%

Jinko Solar Denmark ApS	May 28, 2020	Denmark	73	%

JinkoSolar Hong Kong Limited	August 17, 2020	Hong Kong	73	%

Jinko Solar (Malaysia) SDN BHD	August 28, 2020	Malaysia	73	%

JinkoSolar (Chuxiong) Co., Ltd. (“Jinko Chuxiong”)	September 25, 2020	PRC	73	%

Yiwu New Materials Co., Ltd. (“Yiwu Materials”)	October 24, 2020	PRC	73	%

Jinko Solar (Vietnam) Industries Company Limited.	March 29, 2021	Vietnam	73	%

JinkoSolar (Leshan) Co., Ltd. (“Jinko Leshan”)	April 25, 2021	PRC	73	%

JinkoSolar (Anhui) Co., Ltd. (“Jinko Anhui”)	September 3, 2021	PRC	73	%

JinkoSolar (Yushan) Co., Ltd. (“Jinko Yushan”)	September 26, 2021	PRC	59	%

* These entities are subsidiaries of Jiangxi Jinko with non-controlling interest. The percentage of ownership is the economic interest calculated as the multiple of the Company’s ownership in Jiangxi Jinko and Jiangxi Jinko’s ownership in such subsidiary.

(i) In October 2020, the Group completed a RMB3.1 billion (approximately USD461.2 million) equity financing through Jiangxi Jinko. Immediately after the closing, third-party investors together with JinkoSolar’s founders and senior management personnel, directly or through their investment arms, collectively own approximately a 26.7% equity interest in Jiangxi Jinko.

(ii) In the fourth quarter of 2016, JinkoSolar Technology Limited (formally known as Paker Technology Limited) disposed of Zhejiang Jinko Financial Leasing Co., Ltd. with the consideration of RMB183.0 million (USD26.4 million). Loss on disposal of this subsidiary amounted to RMB15.2 million (USD2.2 million) was recognized. Consideration associated with the transaction amounted to RMB128.1 million and RMB41.8 million was collected in the year of 2019 and 2020, respectively.

(iii) Haining Jinko was founded by the Group in the year of 2017 and is principally engaged in the production of photovoltaic products, such as solar modules and cells, for intercompany sales within the Group. In the second and third quarter of 2018, government background companies made capital injection with the amounted of RMB517 million into Haining Jinko. In the third quarter of 2019, to support developments of local enterprise, government background funds of Zhejiang province made investment into Haining Jinko as capital injections through limited partnership established together with Zhejiang Jinko. The total capital injection received from government funds in the year of 2019 amounted to RMB845.78 million. The Group’s percentage of ownership in Haining Jinko was 56.4% as at December 31, 2019. During the year of 2020, the Group repurchased certain of the noncontrolling interests with the consideration of RMB286.7 million, with the difference between the consideration and the carrying amount of noncontrolling interests charged to additional paid-in capital with the amount of RMB20.6 million. In addition, in the fourth quarter of 2020, certain of the non-controlling interest arrangements were settled in return for a loan liability pursuant to a supplementary investment agreement between the Group and the government background fund (Note 20).

(iv) In the third quarter of 2018, the Group and JinkoSolar Power Engineering Group Limited (“ JinkoPower”) jointly invested in and established an entity named Poyang Luohong Power Co., Ltd. (“Poyang Luohong”), which develops and operates solar power project in Shangrao, Jiangxi Province. Cash capital injection with the amount of RMB98 million have been made by JinkoPower at the end of 2018. The Group held 51% equity interests of Poyang Luohong and consolidated such entity in its financial statements. In the fourth quarter of 2019, the Group disposed of 51% equity interest in Poyang Luohong to a third party buyer with the consideration of RMB99.8 million (USD14.3 million). A gain of RMB19.9 million (USD2.9 million) was recognized. The disposal gain was mainly resulted from the recognition of the un-realized profit generated from the module sales transactions between the Group and Poyang Luohong before the disposal with the amount of RMB19.9 million. Consideration associated with the transaction was collected in full in 2019. Upon the disposal, the non-controlling interests related to Poyang Luohong with the carrying amount of RMB97.8 million was eliminated.

(v) In the fourth quarter of 2018, the Group disposed of Jinko Solar Investment (Pty) Ltd and its subsidiary Jinko Solar Pty Ltd. (“JinkoSolar South Africa”) with the consideration of RMB1 to a third party buyer. Loss of disposal amounted to RMB20 thousand was recognized. Consideration associated with the transaction was collected subsequently in 2020.

(vi) In the second quarter of 2019, Jiangxi Jinko, together with government background funds, established Jinko Sichuan. Cash capital injections with the amount of RMB800 million and RMB200 million had been made by the non-controlling shareholders in 2019 and 2020, respectively. The Group controls and consolidates the entity in its financial statements. Jinko Sichuan is principally engaged in the production of silicon ingot for intercompany sales within the Group. In the fourth quarter of 2020, the non-controlling interest arrangement was settled in return for a loan liability pursuant to a supplementary investment agreement between the Group and the government background fund (Note 20).

(vii) In the fourth quarter of 2019, Jiangxi Jinko, together with government background funds, established Jinko Chuzhou. Cash capital injections with the amount of RMB550 million and RMB300 million had been made by the non-controlling shareholder in 2019 and 2020, respectively. The Group owns controls and consolidates such entity in its financial statements. Jinko Chuzhou is principally engaged in the production of solar modules for intercompany sales within the Group. In the third quarter of 2020, the non-controlling interest arrangement was settled in return for a loan liability pursuant to a supplementary investment agreement between the Group and the government background fund (Note 20).

(viii) In the fourth quarter of 2019, Jiangxi Jinko, together with government background funds, established Jinko Yiwu. Cash capital injections with the amount of RMB400 million and RMB365 million had been made by the non-controlling shareholders in 2019 and 2020, respectively. The Group owns controls and consolidates such entity in its financial statements. Jinko Yiwu is principally engaged in the production of solar modules for intercompany sales within the Group. In the third quarter of 2020, the non-controlling interest arrangement was settled in return for a loan liability pursuant to a supplementary investment agreement between the Group and government background funds (Note 20).

(ix) In the second quarter of 2020, Jiangxi Jinko, together with a government background fund, established Jinko Shangrao. Cash capital injections with the amount of RMB1,902 million had been made by the government fund as of December 31, 2020. The group owns controls and consolidates such entity in its financial statements. Shangrao Jinko is principally engaged in the production of photovoltaic products, such as solar modules and cells (Note 20).

(x) In the second quarter of 2020, Jiangxi Materials acquired Rui Xu with a consideration of RMB20 million. Rui Xu is principally engaged in the production of photovoltaic consumable materials.

(xi) In the fourth quarter of 2020, the Group disposed all of it’s equity interest in Jinko Huineng Technology Services Co.,Ltd to JinkoPower with the consideration of RMB10.4 million (USD1.6 million). Consideration associated with the transaction was collected in December 2020.

(xii) Jiangxi Jinko, completed its initial public offering (“IPO”) and started trading on the Shanghai Stock Exchange’s Sci-Tech innovation board on January 26, 2022. After the IPO, the Group owns approximately 58.62% of Jiangxi Jinko (Note 33).

PRINCIPAL ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2021

PRINCIPAL ACCOUNTING POLICIES

PRINCIPAL ACCOUNTING POLICIES

2. PRINCIPAL ACCOUNTING POLICIES

a. Basis of presentation and use of estimates

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Significant accounting estimates reflected in the Company’s consolidated financial statements include expected credit loss provision, provision for inventories and advances to suppliers, impairment of long-lived assets, the economic useful lives of property, plant and equipment, project assets and intangible assets, certain accrued liabilities including accruals for warranty costs, guarantees, sale-leaseback, accounting for share-based compensation, fair value measurements of share-based compensation and financial instruments, legal contingencies, income taxes and related deferred tax valuation allowance.

b. Consolidation

The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation.

For the Group’s majority-owned subsidiaries, non-controlling interests is recognized to reflect the portion of their equity interests which are not attributable, directly or indirectly, to the Group. Consolidated net income on the consolidated statement of operation includes the net income attributable to non-controlling interests. The cumulative results of operations attributable to non-controlling interests are recorded as non-controlling interests in the Group’s consolidated balance sheets. Cash flows related to transactions with non-controlling interests are presented under financing activities in the consolidated statements of cash flows.

c. Foreign currency translation

The Group’s reporting currency is the Renminbi (“RMB”), the official currency in the PRC. The Company and its PRC subsidiaries use RMB as their functional currency, while local currencies have been determined to be the functional currency of its subsidiaries incorporated outside of PRC such as USD or EUR etc. Transactions denominated in currencies other than the functional currency are translated into the functional currency of the entity at the exchange rates prevailing at the dates of the transactions. Gains and losses resulting from foreign currency transactions are included in the consolidated statements of operations. Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency of the entity using the applicable exchange rates at the applicable balance sheet dates. All such exchange gains or losses are included in exchange loss in the consolidated statements of operations.

For consolidation purpose, the financial statements of the Company’s subsidiaries whose functional currencies are other than the RMB are translated into RMB using exchange rates quoted by PBOC. Assets and liabilities are translated at the exchange rates at the balance sheet date, equity accounts are translated at historical exchange rates and revenues, expenses and gains and losses are translated using the average exchange rates for the year. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of in accumulated other comprehensive income in the consolidated statement of comprehensive income/ (loss).

The RMB is not a freely convertible currency. The PRC State Administration for Foreign Exchange, under the authority of PBOC, controls the conversion of RMB into foreign currencies. The value of the RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in China’s foreign exchange trading system market. The Company’s aggregate amount of cash, cash equivalents, restricted short-term investments and restricted cash denominated in RMB amounted to RMB11,149.1 million and RMB16,672.4 million as of December 31, 2020 and 2021, respectively.

d. Cash, cash equivalents and restricted cash

Cash and cash equivalents represent cash on hand and demand deposits placed with banks or other financial institutions, which have original maturities of three months or less.

Restricted cash represents deposits legally held by banks which are not available for the Group’s general use. These deposits are held as collateral for issuance of letters of credit or guarantee, bank acceptance notes to vendors for purchase of machinery and inventories and foreign exchange forward contracts.

Cash, cash equivalents and restricted cash as reported in the consolidated statement of cash flows are presented separately on our consolidated balance sheet as follows:


	As of December 31,
	2020	2021
	RMB	RMB
Cash and cash equivalents	7,481,678,114	8,321,415,455
Restricted cash	593,093,671	602,044,348
Cash and cash equivalents included in held-for-sale assets	—	173,786,646
Total	8,074,771,785	9,097,246,449

e. Restricted short-term investments

Restricted short-term investments represent the time deposits at banks with original maturities longer than three months and less than one year, which are held as collateral for issuance of letters of credit, guarantee, bank acceptance notes or deposits for short-term borrowings.

f. Notes receivable and payable

Notes receivable represents bank or commercial drafts that have been arranged with third-party financial institutions by certain customers to settle their purchases from the Group. The carrying amount of notes receivable approximate their fair values due to the short-term maturity of the notes receivables.

The Group also issues bank acceptance notes to its suppliers in China in the normal course of business. The Group classifies the changes in notes payable as financing activities.

Notes receivable and payable are typically non-interest bearing and have maturities of less than six months.

g. Derivative Instruments

Derivative instruments are carried at fair value. The fair values of the derivative financial instruments generally represent the estimated amounts expect to receive or pay upon termination of the contracts as of the reporting date.

The Company’s derivative instruments primarily consisted of foreign currency forward contracts and foreign exchange options which are used to economically hedge certain foreign denominated assets/liabilities and reduce, to the extent practicable, the potential exposure to the changes that exchange rates might have on the Company’s earnings, cash flows and financial position. As the derivative instruments do not qualify for hedge accounting treatment, changes in the fair value are reflected in “change in fair value of foreign exchange forward contracts” and “change in fair value of foreign exchange options” of the consolidated statements of operations.

The Company’s solar project subsidiaries located in Mexico obtained long-term bank borrowings from local bank, which carries variable interest rates. With an aim to reduce its interest rate exposure, the Company entered into long-term interest rate swap contracts to fix the interest rate as a fixed rate payer. The interest rate swap is a derivative which needs to be fair valued at each reporting period end. As the derivative instrument does not qualify for hedge accounting treatment, the fair value gain or loss arising from the measurement is recognized in the consolidated statements of operations.

The Company’s solar project subsidiary located in Argentina entered into an interest rate swap contract to swap floating interest payments related to certain borrowings for fixed interest payments to hedge the interest rate risk associated with certain forecasted payments and obligations. As the interest rate derivative is designated as cash flow hedge and the hedge is highly effective, all changes in the fair value of the derivative hedging instruments are recorded in other comprehensive income.

h. Current expected credit losses

In 2016, the FASB issued ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASC Topic 326”), which amends previously issued guidance regarding the impairment of financial instruments by creating an impairment model that is based on expected losses rather than incurred losses.

The Company adopted this ASC Topic 326 and several associated ASUs on January 1, 2020 using a modified retrospective approach with a cumulative effect recorded as increase of accumulated retained earnings with amount of RMB6.6 million, among which RMB30.9 million was related to the decrease of allowance for accounts receivables-third parties, RMB15.0 million was related to the increase of allowance for accounts receivables- related parties and RMB9.3 million was related to the increase of allowance for other receivables and other current/non-current assets. As of January 1, 2020, upon the adoption, the expected credit loss provision for the current and non-current assets were RMB306,525,000 and RMB5,065,000, respectively.

The Company’s trade receivable, notes receivable, guarantee receivables, deposits and other receivables are within the scope of ASC Topic 326. The Company has identified the relevant risk characteristics of its customers and the related receivables, notes receivable, guarantee receivables, deposits and other receivables which include size, type of the services or the products the Company provides, or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Company considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include customer demographics, payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the Company’s receivables. Additionally, external data and macroeconomic factors are also considered. This is assessed at each quarter based on the Company’s specific facts and circumstances.

For the year ended December 31, 2020, the Company recorded RMB14,086,414 expected credit loss expense in general and administrative expenses. As of December 31, 2020, the expected credit loss provision for the current and non-current assets were RMB323,688,768 and RMB1,987,646, respectively.

For the year ended December 31, 2021, the Company recorded RMB82,427,030 expected credit loss expense in general and administrative expenses. As of December 31, 2021, the expected credit loss provision for the current and non-current assets were RMB331,130,126 and RMB3,625,550, respectively.

i. Accounts receivable

Specific provisions are made against accounts receivable for estimated losses resulting from the inability of the Group’s customers to make payments. The Group periodically assesses accounts receivable balances to determine whether an allowance for doubtful accounts should be made based upon historical bad debts, specific customer creditworthiness and current economic trends. Accounts receivable in the balance sheets are stated net of such provision, if any. Before approving sales to each customer, the Group conducts a

credit assessment for each customer to evaluate the collectability of such sales. The assessment usually takes into consideration the credit worthiness of such customer and its guarantor, if any, the Group’s historical payment experience with such customer, industry-wide trends with respect to credit terms, including the terms offered by competitors, and the macro-economic conditions of the region to which sales will be made. The Group executes a sales order with a customer and arrange for shipment only if its credit assessment concludes that the collectability with such customer is probable. The Group may also from time to time require security deposits from certain customers to minimize its credit risk. After the sales are made, the Group closely monitors the credit situation of each customer on an on-going basis for any subsequent change in its financial position, business development and credit rating, and evaluates whether any of such adverse change warrants further action to be taken by the Group, including asserting claims and/or initiating legal proceedings against the customer and/or its guarantor, as well as making provisions. It is also the Group’s general practice to suspend further sales to any customer with significant overdue balances. The Group adopted ASC 326 on January 1, 2020 and has also made updates to its policies and internal controls over financial reporting as a result of adoption. Details please refer to Note 2 (h) above. Prior to 2020, credit loss allowance of accounts receivable was determined to be the amount of probable incurred credit losses based on historical default experiences as well as other factors associated with the credit risk of the Group’s customers.

j. Advances to suppliers

The Group provides short-term and long-term advances to secure its raw material needs, which are then offset against future purchases. The Group continually assesses the credit quality of its suppliers and the factors that affect the credit risk. If there is deterioration in the creditworthiness of its suppliers, the Group will seek to recover its advances to suppliers and provide for losses on advances which are akin to receivables in operating expenses because of suppliers’ inability to return its advances. Recoveries of the allowance for advances to supplier are recognized when they are received. The Company classified short-term and long-term advances to suppliers based on management’s best estimate of the expected purchase in the next twelve-months as of the balance sheet date and the Group’s ability to make requisite purchases under existing supply contracts. The balances expected to be utilized outside of the 12 months are recorded in advances to suppliers to be utilized beyond one year. No provision of advance to suppliers was recorded for the years ended December 31, 2019, 2020 and 2021.

k. Inventories

Inventories are stated at the lower of cost or net realizable value. Cost is determined using the weighted average method. Provisions are made for excessive, slow moving and obsolete inventories as well as for inventories with carrying values in excess of market. Certain factors could impact the realizable value of inventory, so the Group continually evaluates the recoverability based on assumptions about customer demand and market conditions. The evaluation may take into consideration historical usage, expected demand, anticipated sales price, new product development schedules, the effect new products might have on the sale of existing products, product obsolescence, customer concentrations, and other factors. The reserve or write-down is equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory reserves or write-downs may be required that could negatively impact the Group’s gross margin and operating results. If actual market conditions are more favorable, the Group may have higher gross margin when products that have been previously reserved or written down are eventually sold. The sale of previously reserved inventory did not have a material impact on our gross margin percentage for any of the years presented.

In addition, the Group analyzes its firm purchase commitments, if any, at each period end. Provision is made in the current period if the net realizable value after considering estimated costs to convert polysilicon into saleable finished goods is higher than market selling price of finished goods as of the end of a reporting period. There was no provision recorded related to these long-term contracts for each of the three years ended December 31, 2019, 2020 and 2021.

l. Property, plant and equipment, net

Property, plant and equipment are stated at cost less accumulated depreciation. Cost includes the prices paid to acquire or construct the assets, interest capitalized during the construction period and any expenditure that substantially extends the useful life of an existing asset. Depreciation is computed using the straight-line method over the following estimated useful lives:

Buildings		20 years
Machinery and equipment		5~10 years
Furniture, fixture and office equipment		3~5 years
Motor vehicles		4~5 years

Construction in progress primarily represents the construction of new production line and buildings. Costs incurred in the construction are capitalized and transferred to property, plant and equipment upon completion, at which time depreciation commences.

Expenditures for repairs and maintenance are expensed as incurred. The gain or loss on disposal of property, plant and equipment, if any, is the difference between the net sales proceeds and the carrying amount of the disposed assets, and is recognized in the consolidated statement of operations upon disposal.

m. Project Assets, net

Project assets represented the costs of solar power plants held for generation of electricity revenue, held with the intention to sell to third parties and solar power plants under construction. Project assets are stated in the consolidated balance sheets at cost less accumulated depreciation and impairment provision, if any.

Costs of project assets consist primarily of costs relating to construction of solar power plants at various stages of development. These costs include costs for procurement of solar module and other equipment (including intercompany purchases), cost of land on which solar power plants are developed and other direct costs for developing and constructing solar power plants, such as costs for obtaining permits required for solar power plants and costs for designing, engineering, interest costs capitalized and installation in the course of construction. Such costs are capitalized starting from the point when it is determined that development of the solar power plant is probable. For a solar power project asset acquired from third parties, the initial cost is the acquisition cost which includes the consideration transferred and certain direct acquisition costs.

Costs capitalized in the construction of solar power plants under development will be transferred to completed solar power plants upon completion and when they are ready for intended use, which is at the point of time when the solar power plant is connected to grids and begins to generate electricity. Depreciation of the completed solar power plant held for generation of electricity revenue commences once the solar power plant is ready for intended use. Depreciation is computed using the straight-line method over the expected life of 20 years.

The Company does not depreciate project assets when such project assets are constructed for sale upon completion. Any revenue generated from such project assets connected to the grid would be considered incidental revenue and accounted for as a reduction of the capitalized project costs for development.

The Group made decision to sell certain of its solar projects to third parties in the year of 2018. All cash flows related to the development and construction of project assets constructed for external sales are a component of cash flows from operating activities.

n. Assets held for sale

Long-lived assets to be sold are classified as held for sale when the following recognition criteria in ASC 360-10-45-9 are met:

¨ Management, having the authority to approve the action, commits to a plan to sell the asset.

¨ The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets.

¨ An active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated.

¨ The sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale, within one year,

¨ The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value.

¨ Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

The Group entered into an agreement to sell its solar power plant located in Argentina to JinkoPower in December 2021. Assets and liabilities related to the solar power plant were reclassified from project assets to assets/liabilities held for sale as of December 31, 2021.

The Group entered into a share purchase agreement to dispose all of its equity interest in Jiangsu Jinko-Tiansheng Co., Ltd. (“Jinko-Tiansheng”) to the Jinko-Tiansheng’s other shareholders in November 2021. The Group’s investment in Jinko-Tiansheng was reclassified from investments in affiliates to held for sale assets as of December 31, 2021.

o. Interest Capitalization

Interest expenses during the years ended December 31, 2019, 2020 and 2021 were RMB605,882,474, RMB705,158,872 and RMB878,908,327, net of with interest income of RMB170,984,099, RMB216,618,294 and RMB214,291,207 respectively.

The interest cost associated with major development and construction projects is capitalized and included in the cost of the property, plant and equipment or project assets. Interest capitalization ceases once a project is substantially completed or no longer undergoing construction activities to prepare it for its intended use. When no debt is specifically identified as being incurred in connection with a construction project, the Group capitalizes interest on amounts expended on the project at the Group’s weighted average cost of borrowings. Interest expense capitalized associated with the construction projects for the years ended December 31, 2019, 2020 and 2021 were RMB43,841,311, RMB29,306,768 and RMB40,587,682, respectively.

p. Land use rights and land lease

(a) Land use rights

Land use rights represent acquisition costs to purchase land use rights from the PRC government, which are evidenced by property certificates. The periods of these purchased land use rights are either 50 years or 70 years. The Company classifies land use rights as long term assets on the balance sheet and cash outflows related to acquisition of land use right as investing activities.

Land use rights are carried at cost less accumulated amortization and impairment losses, if any. Amortization is computed using the straight-line method over the term specified in the land use right certificate for 50 years or 70 years, as applicable.

(b) Land lease

For certain of the Group’s solar power project, the Group enters into land lease contracts with the owners of the land use rights. Under such lease arrangements, the owners retain the property right of the land use rights. While the Group can only set up the solar panels on these leased lands but does not have the right to sell, lease or dispose the land use rights.

Accordingly, land leases are classified as operating leases.

q. Intangible assets

Intangible assets include purchased software and fees paid to register trademarks and are amortized on a straight-line basis over their estimated useful lives, which are 5 or 10 years, respectively.

r. Business combination and assets acquisition

U.S. GAAP requires that all business combinations not involving entities or businesses under common control be accounted for under the purchase method. The Group has adopted ASC 805 “Business Combinations,” and the cost of an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred and equity instruments issued. The transaction costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of the (i) the total of cost of acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net tangible and intangible assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of operations and comprehensive income.

The determination and allocation of fair values to the identifiable assets acquired and liabilities assumed is based on various assumptions and valuation methodologies requiring considerable management judgment. The most significant variables in these valuations are discount rates, terminal values, the number of years on which to base the cash flow projections, as well as the assumptions and estimates used to determine the future cash inflows and outflows. Management determines discount rates to be used

based on the risk inherent in the related activity’s current business model and industry comparisons. Terminal values are based on the expected life of products and forecasted life cycle and forecasted cash flows over that period. Although management believes that the assumptions applied in the determination are reasonable based on information available at the date of acquisition, actual results may differ from the forecasted amounts and the difference could be material.

A non-controlling interest is recognized to reflect the portion of a subsidiary’s equity which is not attributable, directly or indirectly, to the Company. Consolidated net income on the consolidated statements of operations and comprehensive income includes the net income (loss) attributable to non-controlling interests when applicable. The cumulative results of operations attributable to non-controlling interests are also recorded as non-controlling interests in the Company’s consolidated balance sheets. Cash flows related to transactions with non-controlling interests are presented under financing activities in the consolidated statements of cash flows when applicable.

s. Investments in affiliates and other equity securities

On January 1, 2018, the Company adopted ASU No. 2016-01, which requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. This standard also changed the accounting for investments without a readily determinable fair value and that do not qualify for the practical expedient to be measured at fair value. A policy election can be made for these investments whereby investment will be carried at cost and adjusted in subsequent periods for any impairment or changes in observable prices of identical or similar investments.

With the adoption of ASU No. 2016-01 and the Update, for investments in equity securities lacking of readily determinable fair values and the ability to exercise significant influence, the Company elected to use the measurement alternative defined as cost, less impairments, adjusted by observable price changes. Adoption of these standards had no significant impact on the Group’s consolidated financial statements for the years ended 2019, 2020 and 2021.

The Group’s investments include equity method investments and equity securities without readily determinable fair values.

The Group holds equity investments in affiliates in which it does not have a controlling financial interest, but has the ability to exercise significant influence over the operating and financial policies of the investee. These investments are accounted for under equity method of accounting wherein the Group records its proportionate share of the investees’ income or loss in its consolidated financial statements.

Equity securities without readily determinable fair values are measured and recorded using a measurement alternative that measures the securities at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes.

Investments are evaluated for impairment when facts or circumstances indicate that the fair value of the investment is less than its carrying value. The Group reviews several factors to determine whether an impairment is recognized. These factors include, but are not limited to, the: (1) nature of the investment; (2) cause and duration of the impairment; (3) extent to which fair value is less than cost; (4) financial conditions and near term prospects of the issuers; and (5) ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value.

t. Impairment of long-lived assets

The Group’s long-lived assets include property, plant and equipment, project assets, land use rights and intangible assets with finite lives. The Group’s business requires heavy investment in manufacturing equipment that is technologically advanced, but can quickly become significantly under-utilized or rendered obsolete by rapid changes in demand for solar power products produced with those equipment.

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that carrying amount of an asset may not be recoverable. Factors considered important that could result in an impairment review include significant underperformance relative to expected historical or projected future operating results, significant changes in the manner of use of acquired assets and significant negative industry or economic trends. The Group may recognize impairment of long-lived assets in the event the net book value of such assets exceeds the future undiscounted cash flows attributable to these assets. If the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset, a loss, if any, is recognized for the difference between the fair value of the asset and its carrying value. Fair value is generally measured based on either quoted market prices, if available, or discounted cash flow analyses.

u. Leases

The Company adopted ASC Topic 842 to account for its lease transactions since January 1, 2019. The Company determines if a contract contains a lease at inception of the arrangement based on whether it has the right to obtain substantially all of the economic benefits from the use of an identified asset and whether it has the right to direct the use of an identified asset in exchange for consideration, which relates to an asset which the Company does not own. Right of use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. When determining the lease term, the Company includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate, which it calculates based on the credit quality of the Company and by comparing interest rates available in the market for similar borrowings, and adjusting this amount based on the impact of collateral over the term of each lease. The Company does not typically incur variable lease payments related to its leases.

For a sale-leaseback transaction, sale-leaseback accounting shall be used by a seller-lessee only if the transaction meet all of the following: a) the transfer of the underlying asset meets the definition of a sale under ASC 606; b) the leaseback transaction does not result in a lease that would be classified as a finance lease; c) the contract does not contain a repurchase option, unless the option is exercisable at the fair value on the exercise date and there are alternative assets substantially the same as the transferred asset available in the market place.

If a sale-leaseback transaction does not qualify for sale-leaseback accounting because of the transfer of underlying assets does not meet the definition of sale, it is accounted for as a financing under ASC 360.

The Company has elected to adopt the following lease policies in conjunction with the adoption of ASU 2016-02: (i) elect for each lease not to separate non-lease components from lease components and instead to account for each separate lease component and the non-lease components associated with that lease component as a single lease component; (ii) for leases that have lease terms of 12 months or less and does not include a purchase option that is reasonably certain to exercise, the Company elected not to apply ASC Topic 842 recognition requirements; and (iii) the Company elected to apply the package of practical expedients for existing arrangements entered into prior to January 1, 2019 to not reassess (a) whether an arrangement is or contains a lease, (b) the lease classification applied to existing leases, and(c) initial direct costs.

v. Guarantees

The Group issues debt payment guarantees in favor of JinkoPower, a related party. The guarantees require the Group to make payments to reimburse the holders of the debt subject to these guarantees for losses they incur JinkoPower fails to make repayments to the holders, when its liability to the holders falls due.

A guarantee liability is initially recognized at the estimated fair value in the Group’s consolidated balance sheets unless it becomes probable that the Group will reimburse the holder of the guarantee for an amount higher than the carrying amount, in which case the guarantee is carried in the Group’s consolidated balance sheets at the expected amount payable to the holder. The fair value of the guarantee liability is measured by the total consideration to be received in connection with the provision of guarantee. The guarantee liability is amortized in straight line during the guarantee period.

Receivables have also been recorded for the guarantee payments to be received (Note 28).

Pursuant to the master service agreement signed with JinkoPower, guarantee service fee is settled on an annual basis.

w. Revenue recognition

On January 1, 2018, the Company adopted revenue guidance ASC Topic 606, “Revenue from Contracts with Customers” (“ASC 606”).

The Company negotiated payment terms on a case by case basis and allows most of its overseas’ customers to make full payment within 90 days and its domestic customers to make 90% to 95% of payment within 180 days after delivery and the rest will be paid when the Retainage Period (as defined below) ends.

As a result of adopting ASC Topic 606, for the sales contracts with retainage terms, under which customers were allowed to withhold payment of 5% to 10% of the full contract price as retainage for a specified period from one year to two year since normal operation of related customer’s solar project (“Retainage Period”), revenue from retainage is recognized upon the Group satisfied its performance obligation to transfer the goods to its customers instead of deferring recognition until the customers pay it after the Retainage Period expires. Revenue recognition for the Group’s other sales arrangements, including sales of solar modules, wafers, cells and revenue from generated electricity, remained materially consistent with historical practice.

For the contracts with retainage terms signed and executed before the adoption date of January 1, 2018, as 90%~95% of the revenue was recognized before the date of initial application, which is considered to be substantial, management concluded that these contracts have been completed before the adoption date, and as the company has elected to apply the modified retrospective adoption method only to contracts that were not completed as of January 1, 2018, no cumulative effect related to these retainages is recognized as an adjustment to the opening balance of retained earnings. The revenue recognized upon collection of these retainage amounts is recognized under ASC 605, the prior revenue recognition standard, with the amount of RMB7,660,940, RMB28,824,540 and RMB 3,036,961 in 2019, 2020 and 2021.

The total amounts of retainage that were not recognized as revenue were RMB55,582,550, RMB26,758,010 and RMB23,721,049 as of December 31, 2019, 2020 and 2021, respectively.

The Group was mainly subject to value added taxes (“VAT”) on its sales from products. The Group recognizes revenue net of VAT. Related surcharges, such as urban maintenance and construction tax as well as surtax for education expenses are recorded in cost of revenues.

The Company’s accounting practices under ASC Topic 606, “Revenue from Contracts with Customers” are as followings:

(a) Revenue recognition on product sales

For all product sales, the Group requires a contract or purchase order which quantifies pricing, quantity and product specifications. The Company’s sales arrangements generally do not contain variable considerations and are short-term in nature. The Company recognizes revenue at a point in time based on management’s evaluation of when the customer obtains control of the products. Revenue is recognized as performance obligation under the terms of a contract with the customer are satisfied and control of the product has been transferred to the customer. Sales of goods do not include multiple product and/or service elements.

Practical expedients and exemption

Upon the election of the practical expedient under ASC 340-40-25-4, the incremental costs of obtaining a contract are expensed when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less. For the years ended December 31, 2019, 2020 and 2021, no incremental cost was capitalized as assets.

The Group also selected to apply the practical expedients allowed under ASC Topic 606 to omit the disclosure of remaining performance obligations for contracts with an original expected duration of one year or less and for contracts where the Company has the right to invoice for performance completed to date.

Based on the considerations that there is no difference between the amount of promised consideration and the cash selling price of product sales, in addition the actual length of time between when the Group transfers products to the customer and when the customer pays for those products has been generally within one year, the Group assessed and concluded that there is no significant financing component in place within its products sales as a practical expedient in accordance with ASC 606-10-32-18. As the retainage term is made to secure the future effective operation of solar modules and not to provide customer with significant financing, no significant financing component is considered to exist in the sales contract with retainage terms.

(b) Sales of solar projects

The Company’s sales arrangements for solar projects do not contain any forms of continuing involvement that may affect the revenue or profit recognition of the transactions, nor any variable considerations for energy performance guarantees, minimum electricity end subscription commitments. The Company therefore determined its single performance obligation to the customer is the sale of a completed solar project. The Group recognizes revenue for sales of solar projects at a point in time after the solar project has been grid connected and the customer obtains control of the solar project.

The Group recognizes electricity generation revenue on project assets constructed with a plan to operate the plant when persuasive evidence of a power purchase arrangement with the power grid company exists, electricity has been generated and been transmitted to the grid and the electricity generation records are reconciled with the grid companies, the price of electricity is fixed or determinable and the collectability of the resulting receivable is reasonably assured.

(d) Revenue on processing services

The Group provides solar power product processing services to customers and the revenue of processing services is recognized at a point in time upon completion which is generally evidenced by delivery of processed products to the customers.

VAT on invoice amount is collected on behalf of tax authorities in respect of the sales of product and is not recorded as revenue. VAT collected from customers, net of VAT paid for purchases, is recorded as a liability until it is paid to the tax authorities.

x. Segment report

The Group uses the management approach in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker for making operating decisions, allocating resources and assessing performance as the source for determining the Group’s reportable segments.

Based on the criteria established by ASC 280 “Segment Reporting”, the Group’s chief operating decision maker has been identified as the Chairman of the Board of Directors as well as the CEO, who only review consolidated results of the Group when making decisions about allocating resources and assessing performance. Hence, the Group has only one operating segment which is vertically integrated solar power products manufacturing business from silicon ingots, wafers, cells to solar modules.

y. Cost of revenue

Cost of revenue for sales of photovoltaic products includes production and indirect costs, as well as shipping and handling costs for raw materials purchase and provision for inventories.

Costs of electricity generation revenue include depreciation of solar power project assets and costs associated with operation and maintenance of the project assets. Cost of electricity sales was RMB19.4 million, RMB40.4 million and RMB31.3 million for years ended December 31, 2019, 2020 and 2021, respectively.

z. Warranty cost

Solar modules produced by the Group are typically sold with either a 5-year or 10-year warranty for product defects, and a 10-year and 25-year warranty against declines of more than 10% and 20%, respectively, from the initial minimum power generation capacity at the time of delivery. Therefore, the Group is exposed to potential liabilities that could arise from these warranties. The potential liability is generally in the form of product replacement or repair.

Management applied significant judgements in estimating the expected failure rate of the Company’s solar module products and the estimated replacement costs associated with fulfilling its warranty obligations when measuring the warranty costs. Based on the actual claims incurred during the past years which appears to be consistent with the market practice, the Group projected the expected failure rate as 1% for the whole warranty period, which is consistent with prior assumptions. Based on the Group’s actual claims experience in the historical periods as well as management’s current best estimation, the Group believes that the average selling price of solar modules over the past two years more accurately reflects the estimated warranty cost liability in connection with the products sold by the Group, as opposed to the current and past spot prices. As the average selling price of solar modules continued to drop in recent years, the Group reversed previous years’ recorded warranty liability of RMB123,853,626, RMB123,942,984 and RMB103,788,113, with a corresponding decrease to selling and marketing expenses, in 2019, 2020 and 2021 respectively.

The warranty costs were classified as current liabilities under other payables and accruals, and non-current liabilities under accrued warranty costs–non-current, respectively, which reflect the Group’s estimation of the timing of when the warranty expenditures will likely be made. For the years ended December 31, 2019, 2020 and 2021, warranty costs accrued for the modules delivered in the periods before the reversals due to updated project replacement cost were RMB303,652,391, RMB363,159,029 and RMB390,238,953, respectively. The utilization of the warranty accruals for the years ended December 31, 2019, 2020 and 2021 were RMB85,035,667, RMB98,525,648 and RMB170,776,360, respectively. Utilization of warranty accruals in 2019 was mainly caused by the extreme

climatic conditions in Xinjiang, China and India. Utilization of warranty accruals in 2020 was mainly due to sporadic customer claims with accumulation of the Group’s solar module shipment. Utilization of warranty accruals in 2021 was mainly due to extreme climatic conditions in Europe. Considering the defective modules only comprised a small portion of the Group’s module shipments, it is less likely to have a significant impact on the Group’s estimation on the expected failure rate of module production.

Movement of accrued warranty cost


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	656,677,245	751,440,343	892,130,740
Additions	303,652,391	363,159,029	390,238,953
Utilization	(85,035,667)	(98,525,648)	(170,776,360)
Reversal to selling and marketing expense	(123,853,626)	(123,942,984)	(103,788,113)
At end of year	751,440,343	892,130,740	1,007,805,220

The Group purchases warranty insurance policy which provides coverage for the product warranty services of solar modules worldwide. Prepayment for warranty insurance premium is initially recorded as other assets and is amortized over the insurance coverage period. Prepayment for warranty insurance premium is not recorded as reduction of estimated warranty liabilities. Once the Group receives insurance recoveries, warranty expenses will be credited.

In previous years, the Company incurred additional warranty costs due to the defects in a specific batch of raw materials provided by a supplier. The Company appealed against the supplier for the defects and obtained the final judgement from the court in September 2020, pursuant to which the Company shall be compensated by the supplier with the amount of RMB83,054,792 by offsetting the Company’s payables due to such supplier. Given that, the Company reversed warranty expenses in the third quarter of 2020 with a corresponding reduction in accounts payables.

aa. Shipping and handling

Costs to ship products to customers are included in selling and marketing expenses in the consolidated statements of operations. Costs to ship products to customers were RMB1,489,639,843, RMB1,631,219,134 and RMB2,048,097,568 for the years ended December 31, 2019, 2020 and 2021, respectively.

ab. Research and development

Research and development costs are expensed when incurred.

ac. Start-up costs

The Group expenses all costs incurred in connection with start-up activities, including pre-production costs associated with new manufacturing facilities (excluding costs that are capitalized as part of property, plant and equipment) and costs incurred with the formation of new subsidiaries such as organization costs.

ad. Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and any tax loss and tax credit carry forwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates or tax laws is recognized in the consolidated statements of operations in the period the change in tax rates or tax laws is enacted. A valuation allowance is provided to reduce the amount of deferred income tax assets if it is considered more likely than not that some portion or all of the deferred income tax assets will not be realized.

The accounting for uncertain tax positions requires that the Company recognizes in the consolidated financial statements the impact of an uncertain tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of

the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Group’s policy is to recognize, if any, tax related interest as interest expenses and penalties as general and administrative expenses. As of December 31, 2020 and 2021, there were no uncertain tax positions.

ae. Commitments and Contingencies

Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated.

af. Fair value of financial instruments

The Group does not have any non-financial assets or liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (also referred to as an exit price). A hierarchy is established for inputs used in measuring fair value that gives the highest priority to observable inputs and the lowest priority to unobservable inputs. Valuation techniques used to measure fair value shall maximize the use of observable inputs.

When available, the Group measures the fair value of financial instruments based on quoted market prices in active markets, valuation techniques that use observable market-based inputs or unobservable inputs that are corroborated by market data. Pricing information the Group obtains from third parties is internally validated for reasonableness prior to use in the consolidated financial statements. When observable market prices are not readily available, the Group generally estimates the fair value using valuation techniques that rely on alternate market data or inputs that are generally less readily observable from objective sources and are estimated based on pertinent information available at the time of the applicable reporting periods. In certain cases, fair values are not subject to precise quantification or verification and may fluctuate as economic and market factors vary and the Group’s evaluation of those factors changes. Although the Group uses its best judgment in estimating the fair value of these financial instruments, there are inherent limitations in any estimation technique. In these cases, a minor change in an assumption could result in a significant change in its estimate of fair value, thereby increasing or decreasing the amounts of the Group’s consolidated assets, liabilities, equity and net income.

The Group’s financial instruments consist principally of cash and cash equivalents, restricted cash, restricted short-term and long-term investments, accounts and notes receivable, foreign exchange forward contract receivables other receivables, prepayments and other current assets, call option, foreign exchange option, accounts and notes payable, other payables and accruals, foreign exchange forward contract payables, guarantee liabilities, lease liabilities, short-term borrowings, long-term borrowings, long-term payables, convertible senior notes and interest rate swap.

The foreign exchange forward contracts receivable and payable, call option, foreign exchange options, interest rate swap and convertible senior notes are measured at fair value (Note 31). Except for these financial instruments and long-term borrowing, the carrying values of the Group’s other financial instruments approximated their fair values due to the short-term maturity of these instruments. The carrying amount of long-term borrowing approximates their fair value due to the fact that the related interest rates approximate rates currently offered by financial institutions for similar debt instruments of comparable maturities.

When the fair value option is elected for financial liabilities, changes in fair value due to changes in instrument-specific credit risk will be recognized separately in other comprehensive income. As the Company elected to measure its convertible senior notes issued in 2019 in their entirety at fair value, the portion of the total change in the fair value of the convertible senior notes that results from a change in the instrument-specific credit risk is presented separately in other comprehensive income. The gains or losses attributable to changes in instrument-specific credit risk were benchmarked by the portion of the total change in fair value that excluding the amount resulting from a change in a risk-free rate.

ag. Government grants

Government grants related to technology upgrades and enterprise development are recognized as subsidy income when received. For the years ended December 31, 2019, 2020 and 2021, the Group received financial subsidies of RMB63,016,966, RMB191,980,690 and RMB465,685,219 from the local PRC government authorities, respectively. These subsidies were non-recurring, not refundable and with no conditions related to specific use or disposition of the funds, attached. There are no defined rules and regulations to

govern the criteria necessary for companies to enjoy such benefits and the amount of financial subsidy is determined at the discretion of the relevant government authorities.

Government grants related to assets are initially recorded as deferred revenue which are then deducted from the carrying amount when the assets are ready for use and approved by related government. The Company received government grant related to assets of RMB24,889,754, RMB20,000,000 and RMB290,690,000 for the years ended December 31, 2019, 2020 and 2021, respectively. As of December 31, 2021, the carrying value of deferred revenue was RMB200,000,000.

ah. Repurchase of share

When the Company’s shares are purchased for retirement, the excess of the purchase price over its par value is recorded entirely to additional paid-in capital subject to the limitation of the additional paid in capital when the shares were originally issued. When the Company’s shares are acquired for purposes other than retirement, the purchase price is shown separately as treasury stock.

ai. Statutory reserves

Jiangxi Jinko and Zhejiang Jinko, as sino-foreign owned joint ventures incorporated in the PRC, are required to make appropriations of net profits, after recovery of accumulated deficit, to (i) a general reserve fund, (ii) an enterprise expansion fund, and (iii) a staff bonus and welfare fund prior to distribution of dividends to investors. These reserve funds are set at certain percentage of after-tax profit determined in accordance with PRC accounting standards and regulations (the “PRC GAAP”). The percentage of net profit for appropriation to these funds is at the discretion of their board of directors.

Except for the aforementioned subsidiaries, the Company’s other subsidiaries, as domestic enterprises incorporated in the PRC, are required on an annual basis to make an appropriation of net profits, after the recovery of accumulated deficit, to a statutory reserve fund. The statutory reserve fund is set at the percentage of not lower than 10% of the after-tax profit determined in accordance with the PRC GAAP.

Once the level of the general reserve fund and the statutory reserve fund reach 50% of the registered capital of the underlying entities, further appropriations to these funds are discretionary. The Group’s statutory reserves can only be used for specific purposes of enterprises expansion and staff bonus and welfare, and are not distributable to the shareholders except in the event of liquidation. Appropriations to these funds are accounted for as transfers from retained earnings to the statutory reserves.

For the years ended December 31, 2019, 2020 and 2021, the Group made total appropriations to statutory reserves of RMB119,530,534, RMB2,301,771 and RMB8,235,762, respectively.

aj. Earnings/(Loss) per share

Basic earnings(loss) per share is computed by dividing net income(loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period using the two-class method. Under the two-class method, net income is allocated between ordinary shares and other participating securities based on their participating rights. Diluted earnings(loss) per share is calculated by dividing net income(loss) attributable to ordinary shareholders, as adjusted for the change in income or loss as result from the assumed conversion of those participating securities, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. Potential diluted securities consist of the ordinary shares issuable upon the conversion of the convertible senior notes (using the if-converted method), the potential shares underlying call option arrangement and ordinary shares issuable upon the exercise of outstanding share options (using the treasury stock method), which are not included in the calculation of dilutive earnings per share if the effect is anti-dilutive.

Changes in income or loss of potential dilutive securities as result from the assumed conversion of the convertible senior notes and assumed exercise of call option, if any, are recorded as the adjustment to the consolidated net income (loss) from continuing operations to arrive at the diluted net income (loss) available to the Company’s ordinary shareholders.

ak. Share-based compensation

The Company’s share-based payment transactions with employees, including share options, are measured based on the grant-date fair value of the equity instrument issued. The fair value of the award is recognized as compensation expense, net of estimated forfeitures,

over the period during which an employee is required to provide service in exchange for the award, which is generally the vesting period.

al. Other comprehensive income

Other comprehensive income is defined as the change in equity during a period from non-owner sources. The Company’s other comprehensive income for each period presented is comprised of foreign currency translation adjustment of the Company’s foreign subsidiaries, the changes in fair value of interest swap cash flow hedges, and changes in instrument-specific credit risk of financial liabilities using fair value option.

am. Convenience translation

Translations of balances in the consolidated balance sheet, consolidated statement of operation, consolidated statement of comprehensive income and statement of cash flows from RMB into United States dollars (“USD” or “USD”) as of and for the year ended December 31, 2021 are solely for the convenience of readers and were calculated at the rate of RMB6.3726 to USD1.00, representing the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board. No representation is intended to imply that the RMB amounts could have been, or could be, converted, realized or settled into USD at that rate on December 31, 2021, or at any other rate.

an. Recent accounting pronouncements

New Accounting Standards Adopted

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which eliminates the probable recognition threshold for credit impairments. The new guidance broadens the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually to include forecasted information, as well as past events and current conditions. There is no specified method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the credit loss estimate. For public business entities that are SEC filers, the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company adopted the update of ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): “Measurement of Credit Losses on Financial Instruments” on January 1, 2020 (Note (2g)).

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which eliminates, adds and modifies certain disclosure requirements for fair value measurements. Under the guidance, public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for all entities for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the requirements. The Company adopted this guidance on January 1, 2020 and it did not have a material effect on the Company’s condensed consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12—Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU provides an exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This update also (1) requires an entity to recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, (2) requires an entity to evaluate when a step-up in the tax basis of goodwill should be considered part of the business combination in which goodwill was originally recognized for accounting purposes and when it should be considered a separate transaction, and (3) requires that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The standard is effective for the Company for fiscal years beginning after December 15, 2020, with early adoption permitted. The adoption of this standard did not have a material impact on the Company’s disclosures.

New Accounting Standards Not Yet Adopted

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying U.S. GAAP on contract modifications and hedge accounting to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform, if certain criteria are met. These optional expedients and

exceptions provided in ASU 2020-04 are effective for the Company as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of ASU 2020-04.

In August 2020, the FASB issued ASU 2020-06, Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40). For convertible instruments, the accounting update reduces the number of accounting models for convertible debt instruments and convertible preferred stock. Limiting the accounting models results in fewer embedded conversion features being separately recognized from the host contract as compared with current U.S. GAAP. The accounting update amends the guidance for the derivatives scope exception for contracts in an entity’s own equity to reduce form-over-substance-based accounting conclusions. The accounting update also simplifies the diluted earnings per share calculation in certain areas. For public business entities, the update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. Entities are allowed to apply this update on either a full or modified retrospective basis. The Company is in the process of evaluating the impact of the Update on its consolidated financial statements.

In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt — Modifications and Extinguishments (Subtopic 470-50), Compensation — Stock Compensation (Topic 718), and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40) to clarify and reduce diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (for example, warrants) that remain equity classified after modification or exchange. The amendments in this update are effective for all entities for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. An entity should apply the amendments prospectively to modifications or exchanges occurring on or after the effective date of the amendments. The Company is currently evaluating the impact of ASU 2021-04 on its consolidated financial statements.

In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. The amendments in this Update also provide certain practical expedients for acquirers when recognizing and measuring acquired contract assets and contract liabilities from revenue contracts in a business combination. The standard is effective for interim and annual periods beginning after December 15, 2022, with early adoption permitted. The Company is currently evaluating the impact of ASU 2021-08 on its consolidated financial statements.

REVENUES

12 Months Ended

Dec. 31, 2021

REVENUES

REVENUES

3. REVENUES

The Group’s revenues for the respective periods are detailed as follows:


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Sales of solar modules	28,344,380,913	32,556,394,365	37,737,382,637
Sales of solar projects	—	1,197,712,617	—
Sales of silicon wafers	913,702,864	452,141,442	1,152,055,480
Sales of solar cells	282,407,099	344,509,546	606,581,781
Sales of other solar materials	155,742,512	478,184,047	1,043,759,602
Processing service fees	—	—	186,045,239
Revenue from generated electricity	50,054,371	100,516,599	100,696,367
Total	29,746,287,759	35,129,458,616	40,826,521,106

In March 2020, the Company sold two solar power plants in Mexico, that were constructed with an intent to sell, with a combined capacity of 155 MW to an independent third party, and recognized sales of solar projects with the amount of RMB1,197.7 million.

The following table summarizes the Group’s net revenues generated in respective region:


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Inside China (including Hong Kong and Taiwan)	5,195,021,423	6,370,974,981	10,134,888,460
North America	7,550,454,941	10,098,115,960	6,621,798,500
Europe	5,201,919,985	4,644,486,810	7,481,580,825
Asia Pacific	7,304,164,060	9,603,210,650	10,239,162,220
Rest of the world	4,494,727,350	4,412,670,215	6,349,091,101
Total	29,746,287,759	35,129,458,616	40,826,521,106

INTEREST EXPENSE, NET

12 Months Ended

Dec. 31, 2021

INTEREST EXPENSE, NET

INTEREST EXPENSE, NET

4. INTEREST EXPENSES, NET


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Interest expenses	605,882,474	705,158,872	878,908,327
Less: Interest capitalization	(43,841,311)	(29,306,768)	(40,587,682)
Less: Interest income	(170,984,099)	(216,618,294)	(214,291,207)
Amortization of bond issuance costs	525,000	—	—
Total	391,582,064	459,233,810	624,029,438

OTHER INCOME, NET

12 Months Ended

Dec. 31, 2021

OTHER INCOME, NET

OTHER INCOME, NET

5. OTHER INCOME, NET


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Guarantee income	18,574,433	14,687,691	6,364,065
Donations	(701,000)	(12,395,500)	(4,453,015)
Total	17,873,433	2,292,191	1,911,050

Since 2016, the Group issued debt payment guarantees and redemption guarantees in favor of JinkoPower, a related party (Note 28). The guarantee liability which corresponds with the guarantee fees received is being amortized in straight line during the guarantee period from 1 to 16 years based on the life of the outstanding guaranteed bank loans by recognizing a credit to other income.

Donations for the years ended December 31, 2020 and 2021 were primarily due to the Group’s charitable donations in sight of the outbreak of COVID-19.

TAXATION

12 Months Ended

Dec. 31, 2021

TAXATION

TAXATION

6. TAXATION

The Company and its subsidiaries file separate income tax returns.

Cayman Islands

Under the current laws of the Cayman Islands, the Company and its subsidiaries in Cayman Islands are not subject to tax on its income or capital gains. In addition, upon any payment of dividends by the Company, no Cayman Islands withholding tax is imposed. 10% withholding income tax is levied on the guarantee payment from JinkoPower (Note 28).

British Virgin Islands

Under the current laws of the British Virgin Islands(“BVI”), the Company’s subsidiary in BVI is not subject to tax on its income or capital gains. In addition, upon any payment of dividends by the Company, no British Virgin Islands withholding tax is imposed.

People’s Republic of China

On March 16, 2007, the National People’s Congress approved the Corporate Income Tax Law of the People’s Republic of China (the “CIT Law”) with effective on January 1, 2008. The CIT Law enacted a statutory income tax rate of 25%. Jiangxi Jinko, Zhejiang Jinko, Yuhuan Jinko, Haining Jinko, Yiwu Jinko and Xinjiang Jinko were designated by the relevant local authorities as “High and New Technology Enterprises” under the CIT Law. Jiangxi Jinko, Haining Jinko, and Yuhuan Jinko were subject to a preferential tax rate of 15% for 2019, 2020 and 2021. Zhejiang Jinko has successfully renewed this qualification for 2021, 2022 and 2023. Yiwu Jinko was designated by the relevant local authorities as a “High and New Technology Enterprise” in 2021, and will enjoy the preferential tax rate of 15% in 2022 and 2023. Xinjiang Jinko was designated by the relevant local authorities as an “Enterprise in the Encouraged Industry” and was subject to a preferential tax rate of 15% for 2018, 2019 and 2020. It was also designated by the relevant local authorities as a “High and New Technology Enterprise” in 2020, and can enjoy the preferential tax rate of 15% in 2021 and 2022. Yuhuan Jinko and Haining Jinko enjoyed the preferential tax rate of 15% in 2019 and 2020 and will continue to enjoy such rate in 2021. Sichuan Jinko was designated by the relevant local authorities as an “Enterprise in the Encouraged Industry” and was subject to a preferential tax rate of 15% for 2020, 2021 and 2022. Leshan Jinko was designated by the relevant local authorities as an “Enterprise in the Encouraged Industry” and was subject to a preferential tax rate of 15% for 2021, 2022 and 2023.

Under the CIT Law, 10% withholding income tax (“WHT”) will be levied on foreign investors for dividend distributions from foreign invested enterprises’ profit earned after January 1, 2008. For certain treaty jurisdictions such as Hong Kong which has signed double tax arrangement with the PRC, the applicable WHT rate could be reduced to 5% if foreign investors directly hold at least 25% shares of invested enterprises at any time throughout the 12-month period preceding the entitlement to the dividends and they are also qualified as beneficial owners to enjoy the treaty benefit. Deferred income taxes are not provided on undistributed earnings of the Company’s subsidiaries that are intended to be indefinitely reinvested in China. Cumulative undistributed earnings of the Company’s PRC subsidiaries intended to be indefinitely reinvested totaled RMB3,883,577,293, RMB3,878,527,864 and RMB4,928,417,692 as of December 31, 2019, 2020, 2021 respectively, and the amount of the unrecognized deferred tax liability, calculated based on the 10% rate, on the indefinitely reinvested earnings was RMB388,357,729, RMB387,852,786 and RMB492,841,769 as of December 31, 2019, 2020, 2021 respectively.

Hong Kong

The Company’s subsidiaries established in Hong Kong are subject to Hong Kong profit tax at a rate of 16.5% on its assessable profit.

Japan

Jinko Japan is incorporated in Japan and is subject to corporate income tax at 37.6%.

Korea

Jinko Korea is incorporated in Korea and is subject to corporate income tax at 22%.

European Countries

Jinko Switzerland is incorporated in Switzerland and according to its current business model where it employs limited staff and generates income exclusively from trading activities conducted outside Switzerland, is subject to a combined federal, cantonal and communal tax rate of 9.57% in 2021.

Jinko GMBH is incorporated in Germany and is subject to Germany profit tax rate of approximately 33% on the assessable profit.

Jinko Italy is incorporated in Italy and is subject to corporate income tax at 27.9%.

Jinko Portugal is incorporated in Portugal and is subject to corporate income tax at 22.5%.

Jinko Denmark is incorporated in Denmark and is subject to corporate income tax at 22%.

United States

Jinko US, Jinko US holding, and Jinko Solar (U.S.) Industries are Delaware incorporated corporations that are subject to U.S. federal corporate income tax on taxable incomes at a rate of 21% for taxable years beginning after December 31, 2017 and at differing tax rates of various states ranged from 0.75% to 9.99%.

Malaysia

The Income Tax Act 1967 of Malaysia, revised in 1971, enacted a statutory income tax rate of 24%. Nevertheless, Malaysia offers a wide range of tax incentives, including tax exemptions, capital allowances, and enhanced tax deductions, to attract foreign direct investment. Incorporated in Malaysia, Jinko Malaysia is entitled to a five year 100% tax exemption, approved in February 2017 and retrospectively effective from August 2015, under the pioneer status (PS) incentive scheme as a company engaged in producing high technology products identified by the Malaysian Investment Development Authority (MIDA). The tax exemption was expired in August 2020 and Jinko Malaysia is subject to corporate income tax at 24% from August 2020.

Canada

Jinko Canada is incorporated in Canada and is subject to a federal corporate income tax of 15% and provinces and territories income tax of 12%.

Australia

Jinko Australia is incorporated in Australia and is subject to corporate income tax at 30%.

Brazil

Jinko Brazil is incorporated in Brazil and is subject to corporate income tax at 34%.

Mexico

Jinko Mexico is incorporated in Mexico and is subject to corporate income tax at 30%.

Argentina

Cordillera Solar I, S.A., the wholly owned solar power project subsidiary, is incorporated in Argentina and is subject to corporate income tax at 35%.

Composition of Income Tax Expense

Income/(loss) before income taxes for the years ended December 31, 2019, 2020 and 2021 were taxed within the following jurisdictions:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Cayman Islands	(22,036,601)	(784,811,121)	199,956,441
PRC	498,042,536	444,368,215	1,120,666,809
Other countries	775,180,276	906,814,798	(230,720,446)
Income before income taxes	1,251,186,211	566,371,892	1,089,902,804

For the year ended December 31, 2021, income before income taxes of Cayman Islands subsidiaries was mainly due to the change in fair value gain of convertible senior notes and call options. Decrease in the income before taxes of other countries was mainly attributable to the lower profit generated by the Group’s subsidiaries in the U.S and the losses in the Group’s Malaysia subsidiaries. The current and deferred positions of income tax expense included in the consolidated statement of operations for the years ended December 31, 2019, 2020 and 2021 are as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Current income tax (expenses)/benefits
PRC	(25,562,374)	26,472,926	(280,877,271)
Other countries	39,207,147	(110,725,623)	(175,632,918)
Total current income tax benefits/(expenses)	13,644,773	(84,252,697)	(456,510,189)
Deferred tax (expenses)/benefits
PRC	38,736,514	(7,435,771)	77,741,387
Other countries	(330,360,288)	(86,722,312)	184,628,654
Total deferred tax (expenses)/benefits	(291,623,774)	(94,158,083)	262,370,041
Income tax expenses, net	(277,979,001)	(178,410,780)	(194,140,148)

Reconciliation of the differences between statutory tax rate and the effective tax rate

Reconciliation between the statutory CIT rate of 25% and the Company’s effective tax rate from continuing operations is as follows:


	For the year ended December 31,
	2019	2020	2021
	%	%	%
Statutory CIT rate	25.0	25.0	25.0
Effect of permanent differences:
—Share-based compensation expenses	0.1	0.1	0.1
—Change in fair value of convertible senior notes and call options	0.6	32.0	(4.4)
—Accrued payroll and welfare expenses	0.5	0.4	0.1
—Change of enacted tax rate	0.7	(7.2)	2.1
—Other non-deductible expenses including tax preferences	(7.0)	(6.6)	(1.8)
Difference in tax rate of subsidiaries outside the PRC	4.5	(3.1)	2.2
Effect of tax holiday for subsidiaries	(4.6)	(7.8)	(12.9)
Change in valuation allowance	2.4	(1.3)	7.4
Effective tax rate	22.2	31.5	17.8

Other tax preferences in 2019, 2020 and 2021 was mainly due to the additional income tax deduction amounting of RMB88.0 million, RMB83.3 million and RMB74.1 million for R&D costs approved by local tax bureau in the second quarter of 2019, 2020 and 2021, respectively.

The aggregate amount and per share effect of reduction of CIT for certain PRC subsidiaries as a result of tax holidays are as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
The aggregate amount of effect*	57,373,029	44,190,456	140,234,962
Per share effect—basic	0.34	0.25	0.74
Per share effect—diluted **	0.34	0.25	0.68

* Increase of the aggregated amount of effect in 2021 was mainly attributable to more profit generated by the Groups PRC subsidiaries with preferential tax rates.

**Due to the dilutive impact of call option in 2019 and 2020, the denominator for diluted earnings per share is less than that for the basic earnings per share (Note 22). Therefore, the Company used the basic denominator for both of the basic and diluted effect to calculate above per share effect of tax holidays in 2019 and 2020.

Significant components of deferred tax assets/liability


	As of December 31,
	2020	2021
	RMB	RMB
Net operating losses	166,093,004	473,366,650
Accrued warranty costs	206,022,708	216,937,669
Provision for inventories, accounts receivable, other receivable	84,101,028	101,594,985
Timing difference for revenue recognition of retainage contract	5,797,569	—
Other temporary differences	20,366,550	40,189,249
Impairment for property, plant and equipment and project assets	24,871,785	100,859,570
Total deferred tax assets	507,252,644	932,948,123
Less: Valuation allowance	(136,847,274)	(217,123,698)
Less: Deferred tax liabilities in the same tax jurisdiction	(115,297,938)	(344,057,016)
Deferred tax assets	255,107,432	371,767,409

Timing difference for project assets, property, plant and equipment	(308,201,462)	(375,498,775)
Timing difference for refund of countervailing duties	(134,682,972)	(144,923,075)
Other temporary differences	(1,126,697)	(6,638,295)
Total deferred tax liabilities	(444,011,131)	(527,060,145)
Less: Deferred tax assets in the same tax jurisdiction	115,297,938	344,057,016
Deferred tax liabilities	(328,713,193)	(183,003,129)

Movement of valuation allowance


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	(114,620,700)	(144,316,817)	(136,847,274)
Current year additions	(62,415,889)	(37,426,345)	(88,666,645)
Utilization and reversal of valuation allowances	32,719,772	44,895,888	8,390,221
At end of year	(144,316,817)	(136,847,274)	(217,123,698)

Valuation allowances were determined by assessing both positive and negative evidence and have been provided on the net deferred tax asset due to the uncertainty surrounding its realization. As of December 31, 2019, 2020 and 2021, valuation allowances of RMB144,316,817, RMB136,847,274and RMB217,123,698 were provided against deferred tax assets because it was more likely than not that such portion of deferred tax will not be realized based on the Group’s estimate of future taxable incomes of all its subsidiaries. If events occur in the future that allow the Group to realize more of its deferred tax assets than the presently recorded amount, an adjustment to the valuation allowances will result in a non-cash income statement benefit when those events occur. Due to the strong financial performance and profitable condition of certain subsidiaries, the Company has determined that the future taxable income of those subsidiaries is sufficient to realize the benefits of such deferred tax assets. As a result, the Company reversed the valuation allowance of RMB32.7 million, RMB44.9million and RMB8.4 million in 2019, 2020 and 2021.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES

12 Months Ended

Dec. 31, 2021

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES

7. ACCOUNTS RECEIVABLE, NET—THIRD PARTIES


	As of December 31,
	2020	2021
	RMB	RMB
Accounts receivables - current	4,828,118,154	7,794,173,603
Allowance for doubtful accounts - current	(293,359,875)	(323,070,723)
Accounts receivable, net - current	4,534,758,279	7,471,102,880

Accounts receivables – non-current	27,543,511	28,185,718
Allowance for doubtful accounts – non-current	(1,138,553)	(561,765)
Accounts receivable, net – non-current	26,404,958	27,623,953

As of December 31, 2020 and 2021, accounts receivable with net book value of RMB628,310,891 and RMB726,035,715 were pledged as collateral for the Group’s borrowings (Note 20).

The following table summarizes the activity in the allowance for credit losses related to accounts receivable – current for the year ended December 31, 2019, 2020 and 2021:


	As of December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	256,605,518	318,197,517	293,359,875
Impact of adopting ASC Topic 326	—	(30,915,517)	—
Addition	166,432,303	26,581,139	91,948,207
Reversal	(104,840,304)	(20,503,264)	(24,213,485)
Write off	—	—	(38,023,874)
At end of year	318,197,517	293,359,875	323,070,723

The following table summarizes the activity in the allowance for credit losses related to accounts receivable – non-current for the year ended December 31, 2019, 2020 and 2021:


	As of December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	—	—	1,138,553
Impact of adopting ASC Topic 326	—	—	—
Addition	—	1,138,553	—
Reversal	—	—	(576,788)
At end of year	—	1,138,553	561,765

The Group assesses creditworthiness of customers before granting any credit terms. This assessment is primarily based on reviewing of customer’s financial statements and historical collection records, discussion with customers’ senior management, and reviewing of information provided by third parties, such as Dun & Bradstreet and the insurance company that ultimately insures the Group against customer credit default.

The significant bad debt reversal represents the cash collection of the fully reserved long-term receivables. The Company made bad debt provisions for certain long-term receivables in prior years which were in line with the adverse economic environment in solar industry. With the recovery of solar industry afterwards, the Company made its best effort to improve the cash collection for the long-aged accounts receivables. The cash received was recorded as the reversal of prior year bad debt allowance.

NOTES RECEIVABLE, NET-THIRD PARTIES

12 Months Ended

Dec. 31, 2021

NOTES RECEIVABLE, NET-THIRD PARTIES

NOTES RECEIVABLE, NET-THIRD PARTIES

8. NOTES RECEIVABLE, NET–THIRD PARTIES


	As of December 31,
	2020	2021
	RMB	RMB
Notes receivable	1,051,743,491	1,690,141,974
Provision for notes receivable	(182,338)	(1,039,900)
Notes receivable, net	1,051,561,153	1,689,102,074

As of December 31, 2020 and 2021, notes receivable with net book value of RMB221,391,816 and RMB885,280,000 were pledged as collateral for the issuance of bank acceptance notes.

The following table summarize s the activity in the allowance for credit losses related to notes receivable for the year ended December 31, 2019, 2020 and 2021:


	As of December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	—	—	182,338
Impact of adopting ASC Topic 326	—	223,000	—
Addition	—	—	857,562
Reversal	—	(40,662)	—
At end of year	—	182,338	1,039,900

ADVANCES TO SUPPLIERS, NET - THIRD PARTIES

12 Months Ended

Dec. 31, 2021

ADVANCES TO SUPPLIERS, NET - THIRD PARTIES

ADVANCES TO SUPPLIERS, NET - THIRD PARTIES

9. ADVANCES TO SUPPLIERS, NET – THIRD PARTIES


	As of December 31,
	2020	2021
	RMB	RMB
Advances to suppliers - current	1,008,557,523	1,536,154,555
Advances to suppliers – non-current	—	296,709,363
Provision for advances to suppliers	(5,944,440)	—
Advances to suppliers, net	1,002,613,083	1,832,863,918

As of December 31, 2020 and 2021, advances to suppliers with term of less than 1 year mainly represent payments for procurement of recoverable silicon materials, virgin polysilicon and solar cells and the Group has delivery plan with the respective suppliers to receive the materials in the next twelve months.

As of December 31, 2021, non-current advances to suppliers primarily represent upfront payments for procurement of silicon materials and photovoltaic glasses of which related good delivery is scheduled beyond one year.

There were no provisions recorded against advances to suppliers for the years ended December 31, 2019, 2020 and 2021. The Group wrote off fully impaired balances of advances to suppliers with the amount of nil, RMB1,580,306 and RMB5,944,440 for the years ended December 31, 2019, 2020 and 2021, respectively.

INVENTORIES

12 Months Ended

Dec. 31, 2021

INVENTORIES

INVENTORIES

10. INVENTORIES

Inventories consisted of the following:


	As of December 31,
	2020	2021
	RMB	RMB
Raw materials	2,362,396,325	3,761,044,855
Work-in-progress	1,059,864,518	2,623,043,767
Finished goods	4,954,674,986	6,868,263,204
Total	8,376,935,829	13,252,351,826

Write-down of the carrying amount of inventory to its estimated net realizable value was RMB135,874,384, RMB270,893,308 and RMB823,273,338 for the years ended December 31, 2019, 2020 and 2021, respectively, and were recorded as cost of revenues in the consolidated statements of operations. Inventory write downs were mainly related to the inventories whose market value is lower than their carrying amount due to lower photoelectric conversion efficiencies.

As of December 31, 2020 and 2021, inventories with net book value of RMB289,876,208 and RMB1,749,007,002 were pledged as collateral for the Group’s borrowings (Note 20).

PREPAYMENTS AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2021

PREPAYMENTS AND OTHER CURRENT ASSETS

PREPAYMENTS AND OTHER CURRENT ASSETS

11. PREPAYMENTS AND OTHER CURRENT ASSETS

Prepayments and other current assets consisted of the following:


	As of December 31,
	2020	2021
	RMB	RMB
Value-added tax deductible (a)	1,228,162,128	1,705,159,390
Deposit for customer duty, bidding and others	308,375,568	142,442,456
Prepayment for income tax	272,139,601	129,930,632
Receivables related to disposal of Property, plant and equipment (b)	92,734,513	111,803,786
Receivables related to discount from a supplier	36,376,908	110,050,019
Prepayment of electricity and others	202,359,031	91,333,536
Prepaid insurance premium	9,095,273	6,674,545
Employee advances (c)	5,385,718	6,274,473
Rental deposit and prepayment	5,517,324	3,606,294
Receivable of option exercised	9,142,819	1,169,427
Prepaid professional service fee	400,157	306,799
Loan receivable (d)	75,930,094	—
Receivables related to At-The-Market offering (e)	641,065,394	—
Others	143,495,852	131,826,220
Less: Allowance for doubtful accounts	(9,588,242)	(5,521,143)
Total	3,020,592,138	2,435,056,434

(a)	Value-added tax deductible represented the balance that the Group can utilize to deduct its value-added tax liability within the next 12 months.

(b)	Represented the receivables related to the disposition of certain equipment for the purpose of upgrading manufacturing facilities.

(c)	As of December 31, 2020 and 2021, all of the employee advances were business related, interest-free, not collateralized and will be repaid or settled within one year from the respective balance sheet dates.

(d)

In the year of 2019, Jiangxi Jinko provided one-year intercompany loan of RMB20,000,000 and RMB68,331,364 to Poyang Luohong with the interest rate of 4.35% and 4.35%, respectively. Due to the disposal of Poyang Luohong in 2019 (Note 1), loan receivables including interests with the amount of RMB91,416,575 and RMB75,930,094 were recognized as at December 31, 2019 and 2020. In the year of 2021, the Group collected RMB25.9 million of the loan receivables in cash, and in according to a supplemental agreement entered in 2021, both parties agreed to transfer the remaining balance of RMB50.0 million as deposits for the Group’s product sales to Poyang Luohong which will be collected upon acceptance of the solar project of Poyang Luohong.

(e)	In December 2020, the Company completed to sell 5,976,272 ordinary shares (1,494,068 ADSs) through its at-the-market offering and was entitled to receive proceeds of USD98.25 million after deducting commissions and offering expense. All of the proceeds were received in January 2021.

The following table summarizes the activity in the allowance for credit losses related to prepayments and other current assets for the year ended December 31, 2021:


		For year ended December 31,
		2021
		RMB
At beginning of year		9,588,242
Impact of adopting ASC Topic 326		—
Addition		4,068,382
Reverse		(8,135,481)
At end of year		5,521,143

INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES

12 Months Ended

Dec. 31, 2021

INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES

INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES

12. INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES

Investments accounted for under the equity method.

On February 26, 2017, JinkoSolar signed a shareholder agreement with AxiaPower Holdings B.V. (“Axia”), a subsidiary of Marubeni Corporation, to jointly invest in and establish a company named SweihanSolar Holding Company Limited (“SSHC”) to hold 40% equity interest of Sweihan PV Power Company P.J.S.C (“the Project Company”), which develops and operates solar power projects in Dubai. In April 2019, JinkoSolar made pro rata additional capital injection to SSHC with the amount of RMB295 million. JinkoSolar holds 50% equity interest in the SSHC and accounts for its investment using the equity method. JinkoSolar’s share of SSHC’s results of operations is included in equity (loss)/income in affiliated companies in the Group’s consolidated statements of operations, with a loss of RMB47,852,250, a loss of RMB50,227,012 and an income of RMB308,287,596 for the years ended December 31, 2019, 2020 and 2021, respectively. JinkoSolar sold modules of 64.4 MW, 32.2 MW and nil and recognized revenue of RMB144.3 million, RMB51.2 million and nil on sales to the Project Company (Note 28) during the years ended December 31, 2019, 2020 and 2021, respectively. Profit/(loss) amounted to RMB5,943,014, RMB(219,837) and RMB(1,267,641) in connection with the intercompany transactions with the Project Company was eliminated during the years ended December 31, 2019, 2020 and 2021, respectively. The Group received dividend in cash from SSHC with the amount of RMB15,597,932 and RMB23,212,799 during the year of 2020 and 2021, respectively, which were recorded as reductions of the carrying amount of the investment. The carrying value of this investment was RMB184,873,397 and RMB223,868,835 as of December 31, 2020 and 2021.

On March 30, 2017, JinkoSolar signed a shareholder agreement with Yangzhou Tiansheng PV-Tech Co., Ltd., a Chinese PV enterprise, to jointly invest in and establish Jinko-Tiansheng to process and assemble PV modules as OEM manufacturer in Jiangsu province, China. JinkoSolar holds 30% equity interest in Jinko-Tiansheng and accounts for its investment using the equity method. JinkoSolar’s share of Jinko-Tiansheng’s results of operations is included in equity (loss)/income in affiliated companies in the Group’s consolidated statements of operations, with a loss of RMB1,002,465, RMB5,312,252 and RMB22,862,022 for the years ended December 31, 2019, 2020 and 2021, respectively. Jinko Tiansheng charged processing fee amounted to RMB39,565,882, RMB27,485,358 and RMB5,309,767 to the Company for its OEM services provided (Note 28) during the years ended December 31, 2019, 2020 and 2021, respectively. (Loss)/profit amounted to RMB(1,801,626), RMB2,562,378 and RMB(3,745,542) due to the intercompany transactions with Jinko Tiansheng was eliminated for the years ended December 31, 2019, 2020 and 2021, respectively. The carrying value of this investment was RMB9,384,142 and RMB2,525,535 as of December 31, 2020 and 2021, respectively. The Group entered into a share purchase agreement to dispose all of its equity interest in Jinko-Tiansheng to Jinko-Tiansheng’s other shareholders in November 2021. The carrying value of the Group’s investment in Jinko-Tiansheng which met recognition criteria in ASC 360-10-45-9 was reclassified as a held for sale asset as of December 31, 2021.

On June 18, 2021, JinkoSolar signed a shareholder agreement with Xinte Energy Co., Ltd. and JA Solar Co., Ltd to jointly invest in and establish a company named Xinte Silicon Co., Ltd. (“Xinte Silicon”) to produces polysilicon materials. JinkoSolar made capital injection in cash with the total amount of RMB315 million during the year of 2021. JinkoSolar holds 9% equity interest in Xinte Silicon. JinkoSolar can exercise significant influence on Xinte Silicon and accounts for its investment using the equity method. JinkoSolar’s share of Xinte Silicon’s results of operations is included in equity (loss)/income in affiliated companies in the Group’s consolidated statements of operations, with a loss of RMB36,037 for the year ended December 31, 2021. The carrying value of this investment was RMB314,996,757 as of December 31, 2021.

Equity securities without readily determinable fair values

In May 2012, the Group acquired a 9% stake in Heihe Hydropower Development Co., Ltd, a company in Gansu province, China, for a consideration of RMB7,200,000. Such equity securities without readily determinable fair values are measured and recorded using a measurement alternative that measures the securities at cost as adjusted for observable price changes and impairments with the amount of RMB7,200,000 as of December 31, 2019. The Group disposed such equity securities to a third party in the third quarter of 2020 with the consideration of RMB7,200,000, offsetting against the payable balance due to the third party.

In October 2021, the Group made capital injection in cash with the amount of RMB65 million in Shenzhen Laplace Energy Technology Co., Ltd. (“Laplace”), a company in Guangdong province, China, and owns 2.88% equity interests. Such equity securities without readily determinable fair values are measured and recorded using a measurement alternative that measures the securities at cost as adjusted for observable price changes and impairments.

In December 2021, the Group made capital injection in cash with the amount of RMB30 million in Ningxia Xiaoniu Automation Equipment Co., Ltd. (“Xiaoniu”), a company in Ningxia hui autonomous region, China, and owns 0.9375% equity interests. Pursuant to the investment agreement, the Group is entitled to redeem its equity interests in Xiaoniu (in whole or in part) if Xiaoniu does not submit initial public offering application documents before December 31, 2024 or does not achieve successful initial public offering before December 31, 2026. As the equity interests are not mandatorily redeemable by the investee company, nor can be redeemed purely at the request of the investor, the investment was recorded as equity securities. Such equity securities without readily determinable fair values are measured and recorded using a measurement alternative that measures the securities at cost as adjusted for observable price changes and impairments.

There was no re-measurement gain or loss being recognized in connection with equity investments accounted for using the measurement alternative for the years ended December 31, 2019, 2020 and 2021.

PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

13. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment used in continuing operation and related accumulated depreciation are as follows:


	As of December 31,
	2020	2021
	RMB	RMB
Buildings	4,396,121,001	6,875,071,926
Machinery and equipment	10,322,000,488	14,199,961,036
Motor vehicles	58,256,515	71,836,921
Furniture, fixture and office equipment	834,725,017	1,408,296,466
	15,611,103,021	22,555,166,349
Less: Accumulated depreciation	(3,863,719,503)	(5,232,341,976)
Subtotal	11,747,383,518	17,322,824,373
Construction in progress	708,060,041	2,647,069,356
Property, plant and equipment, net	12,455,443,559	19,969,893,729

Depreciation expenses were RMB737,584,653, RMB1,160,851,059 and RMB1,603,785,908 for the years ended December 31, 2019, 2020 and 2021, respectively.

For the years ended December 31, 2019, 2020 and 2021, the Group disposed certain equipment with the net book value amounting of RMB269,221,102, RMB609,563,969 and RMB389,862,368 and recognized related disposal loss amounted to RMB67,953,732 and RMB428,115,147 and RMB350,335,547 respectively. Increase in disposal loss on property, plant and equipment was mainly due to the automation upgrade of the Group.

Construction in progress primarily represents the construction of new production line. Costs incurred in the construction are capitalized and transferred to property and equipment upon completion, at which time depreciation commences.

Significant increase of property, plant and equipment during the year ended December 31, 2021 was attributable to the expansion of manufacturing capacity and automation upgrade of the Group.

For the years ended December 31, 2019, 2020 and 2021, the Group recorded impairments of RMB68,262,038, RMB20,387,207 and RMB150,308,431 related to the retirement of certain equipment in production lines that had become obsolete due to automation upgrade of the Group.

As of December 31, 2020 and 2021, certain property, plant and equipment with net book value amounting of RMB3,257,095,969 and RMB4,115,403,557 were pledged as collateral for the Group’s borrowings (Note 20).

As of December 31, 2020, certain property, plant and equipment with net book value amounting of RMB340,891,652 was pledged as collateral for the Group’s financing lease (Note 20).

As of December 31, 2021, certain property, plant and equipment with net book value of RMB105,281,760 were pledged as collateral for the issuance of bank acceptance notes.

PROJECT ASSETS, NET

12 Months Ended

Dec. 31, 2021

PROJECT ASSETS, NET

PROJECT ASSETS, NET

14. PROJECT ASSETS, NET


	As of December 31,
	2020	2021
	RMB	RMB
Project assets	724,335,851	—
Less: Accumulated depreciation	(78,981,128)	—
Project assets, net	645,354,723	—

During the year of 2019, the Group disposed its Poyang Luohong subsidiary to a third-party buyer with the consideration of RMB99.8 million. A gain from disposal of subsidiary of RMB19.9 million (USD2.9 million) was recognized because of the disposition. The disposal gain was mainly resulted from recognition of the un-realized profit generated from the module sales transactions between the Group and Poyang Luohong before the disposal with the amount of RMB19.9 million.

In November 2019, the Group entered into an agreement to sell two solar power plants in Mexico to a Mexican renewable energy company. The transaction hasn’t been consummated and assets and liabilities related to these two solar power plants were reclassified as assets/liabilities held for sale as of December 31, 2019. Disposition of the two solar power plants was closed subsequently in March 2020 and the Group recognized revenue for sales of these solar projects with gross profits at a point in time when the buyer obtains control of these solar projects.

During the years of 2021, 2020 and 2019, electricity revenue generated from certain overseas project assets constructed for sale upon completion, with the amount of nil, RMB8,385,752 and RMB62,459,588,was considered as incidental revenue and accounted for as a reduction of the capitalized project costs for development. Project assets recorded in held-for-sale assets with the carrying amount of RMB1,007,302,819 as of December 31, 2019 were constructed for external sales which are not depreciated.

During the year of 2020, the Group recorded full impairments of RMB93,780,458 against its remaining solar power project in Mexico based on the Company’s estimation that it is unable to complete the grid connection before the due date of the purchase agreement with Federal Electricity Commission of Mexico.

During the year of 2021, the Group recorded impairments of RMB123,404,551 against its solar power project in Argentina which measured based on the excess of the carrying amount over the fair value of the solar power project according to quoted market price.

In December 2021, the Group entered into an agreement to sell the solar power plant in Argentina to JinkoPower, a related party. The transaction hasn’t been consummated and assets and liabilities related to the solar power plants were reclassified as assets/liabilities held for sale as of December 31, 2021.

Depreciation expenses were RMB77,028,161, RMB52,830,115 and RMB32,559,392 for the year ended December 31, 2019, 2020 and 2021.

LAND USE RIGHTS, NET

12 Months Ended

Dec. 31, 2021

LAND USE RIGHTS, NET

LAND USE RIGHTS, NET

15. LAND USE RIGHTS, NET

Land use rights represent fees paid to the government to obtain the rights to use certain lands over periods of 50 to 70 years, as applicable, in the PRC.


	As of December 31,
	2020	2021
	RMB	RMB
Land use rights	849,542,147	1,196,668,009
Less: accumulated amortization	(88,580,563)	(106,611,329)
Land use rights, net	760,961,584	1,090,056,680

Amortization expense was RMB11,974,071, RMB12,379,121 and RMB18,030,766 for the years ended December 31, 2019, 2020 and 2021, respectively. As of December 31, 2021, estimated amortization expense in each of the next five years is RMB22,938,030.

As of December 31, 2020 and 2021, certain land use rights with net book value of RMB65,882,634 and RMB109,503,702 were pledged as collateral for the Company’s borrowings (Note 20).

As of December 31, 2020 and 2021, certain land use rights with net book value of RMB99,457,421 and RMB15,467,161 were pledged as collateral for the issuance of bank acceptance notes.

INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2021

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

16. INTANGIBLE ASSETS, NET

Intangible assets and their related amortization are as follow:


	As of December 31,
	2020	2021
	RMB	RMB
Trademark	1,581,860	1,581,860
Computer software	63,945,339	94,711,625
Less: accumulated amortization	(29,689,551)	(40,809,003)
Intangible assets, net	35,837,648	55,484,482

Amortization expense was RMB6,822,339, RMB10,176,591 and RMB11,903,960 for the years ended December 31, 2019, 2020 and 2021, respectively.

OTHER ASSETS - THIRD PARTIES

12 Months Ended

Dec. 31, 2021

OTHER ASSETS - THIRD PARTIES

OTHER ASSETS - THIRD PARTIES

17. OTHER ASSETS – THIRD PARTIES

Other assets consisted of the following:


	As of December 31,
	2020	2021
	RMB	RMB
Prepayments for purchase of property, plant and equipment	884,611,325	1,859,171,734
Refund receivable of U.S. countervailing duties and anti-dumping duties	571,394,376	580,058,369
Deposit for rent and others	79,281,354	175,297,194
Prepayment for warranty insurance premium	112,884,194	111,537,184
Prepayment of income tax attributable to intercompany transactions	31,816,215	16,158,693
Deferred losses related to sale-leaseback transactions before January 1, 2019 (Note 21)	98,660,496	—
Less: Allowance for credit losses	(849,093)	(3,063,785)
Total	1,777,798,867	2,739,159,389

During the year of 2018, the U.S. Department of Commerce (“DOC”) issued the amended final results of its fourth administrative review on the counter-veiling duties (“CVD”) imposed on the crystalline silicon photovoltaic, or CSPV, cells, whether or not incorporated into modules, from China. As a result, the Group’s CVD rate was updated to be 10.64% from 20.94%, covering the period from January 1, 2015 to December 31, 2015, and all future exports to the US starting from July 2018 (“CVD AR4”). Pursuant to the final results of fourth administrative review, the Group recorded a reversal of costs of revenues and recognized refundable

deposits due from the U.S. Customs with the amount of USD30.5 million (RMB209.5 million), representing the difference between the amended rate and the previous rate during the period from January 1, 2015 to December 31, 2015. During the year of 2019, due to the delay of liquidation of the refundable deposits, based on its latest communication from the DOC and best estimation, the Group reclassified the above CVD AR4 receivables from “Prepayments and other current assets” to “Other assets-third parties” which was measured at amortized cost basis. The discount on the balance of the receivable on the re-classification date, with the amount of USD2.81 million (RMB19.3 million) was recorded as costs of sales. During the year of 2020, CVD rate was further amended to be 4.22%. The Group recorded a reversal of costs of revenues and refundable deposits with the amount of USD23.5 million (RMB153.3 million) based on the difference between the amended rate and the previous rate.

During the year of 2019, the DOC issued its final results of the fifth administrative review, the Group’s CVD rate was finalized to be 12.70% from 20.94%, covering the period from January 1, 2016 to December 31, 2016, and all future exports to the US starting from August 2019 (“CVD AR5”). Pursuant to the final results of fifth administrative review, the Group recorded a reversal of costs of sales and recognized refundable deposits due from the U.S. Customs with the amount of USD32.5 million (RMB230.1 million) on an amortized cost basis based on its best estimation of related liquidation.

During the year of 2020, the U.S. Department of Commerce issued its final results of the sixth administrative review, and the finalized CVD rate applicable to the Group was 12.67%, which was initially 20.94%, covering the period from January 1, 2017 to December 31, 2017, and all future exports to the United States starting from December 2020 (“CVD AR6”). Pursuant to the final results of sixth administrative review, the Group recorded a reversal of costs of sales and recognized refundable deposits due from the U.S. Customs with the amount of USD0.4 million (RMB2.6 million) under “other assets - third parties” on an amortized cost basis based on its best estimation of related liquidation. During the year of 2021, CVD rate was further amended to be 11.97%. The Group recorded a reversal of costs of sales and refundable deposits with the amount of USD0.04 million (RMB0.23 million) based on the difference between the amended rate and the previous rate.

The following table summarizes the activity in the allowance for credit losses related to deposits for the year ended December 31, 2021:


		For the year ended December 31,
		2021
		RMB
At beginning of year		849,093
Impact of adopting ASC Topic 326		—
Addition		2,214,692
Reversal		—
At end of year		3,063,785

OTHER PAYABLES AND ACCRUALS

12 Months Ended

Dec. 31, 2021

OTHER PAYABLES AND ACCRUALS

OTHER PAYABLES AND ACCRUALS

18. OTHER PAYABLES AND ACCRUALS

Other payables and accruals consisted of the following:


	As of December 31,
	2020	2021
	RMB	RMB
Payables for purchase of property, plant and equipment	1,973,618,323	3,073,625,166
Freight payables	505,793,582	858,026,515
Accrued utilities, rentals and interest	338,652,891	424,436,045
Customs duties	255,616,292	157,655,482
Accrued warranty cost	122,799,090	149,164,034
Value-added tax and other tax payables	38,709,295	74,784,440
Commission payables	90,591,153	24,859,928
Contracted labor fees	18,351,990	24,392,464
Accrued professional service fees	11,434,943	19,739,189
Insurance premium payables	6,811,786	6,838,565
Others	46,015,997	30,560,958
Total	3,408,395,342	4,844,082,786

BONDS PAYABLE AND ACCRUED INTEREST

12 Months Ended

Dec. 31, 2021

BONDS PAYABLE AND ACCRUED INTEREST

BONDS PAYABLE AND ACCRUED INTEREST

19. BONDS PAYABLE AND ACCRUED INTEREST

On July 17, 2017, Jiangxi Jinko issued a three year medium term notes (“MTN”) with an aggregate principal of RMB300,000,000 which bears a fixed annual interest rate of 7.37% and will mature on July 17, 2020. MTN are issued at face value, unsecured from the issuance date. At the end of the second year in the life of the MTN, the Group has the option to adjust the interest rate, and the MTN holders will have the right to require Jiangxi Jinko to repurchase all or part of their MTNs, at such time. As at December 31, 2018, based on Jiangxi Jinko’s communication with the investors, all investors of the MTN agreed to hold the bond till its maturity. The bond is recorded on amortized cost basis with the interest rate of 7.37%. Interest expense related to MTN was RMB11,792,000, nil and nil for the year ended December 31, 2019, 2020 and 2021.According to ASU 2015-03, the MTN issuance costs amounted to RMB2,100,000 was recorded as direct deduction from the carrying amount of the MTN liability, and amortized over a two-year period, from the issuance date to the date the put option of the MTN holders is first exercisable.

The Company early repurchased the MTN with the face value of RMB300,000,000 and settled all the interests in the year ended December 31, 2019. No income/loss related to the repurchase of the MTN incurred during the years ended December 31, 2019, 2020 and 2021.

BORROWINGS

12 Months Ended

Dec. 31, 2021

BORROWINGS

BORROWINGS

20. BORROWINGS

(a) Short-term borrowings


	As of December 31,
	2020	2021
	RMB	RMB
Short-term borrowings	7,556,938,793	11,967,826,525
Long-term borrowings—current portion	681,591,988	1,371,540,168
Total short-term borrowings	8,238,530,781	13,339,366,693

The short-term borrowings outstanding as of December 31, 2020 and December 31, 2021 carried a weighted average interest rate of 3.56% and 3.28% per annum, respectively. Included in the balance of short-term bank borrowings as of December 31, 2021 were borrowings of RMB667,698,441, RMB166,023,340, and RMB2,844,905,047 which are denominated and repayable in EUR, JPY and USD, respectively.

Details of the Group’s short-term borrowings as of December 31, 2021 are:


Type of loan	As of December 31, 2021	Guarantee/Collateral
Credit loan	1,065,630,732		a)
Letter of credit loan	5,997,919,685		a)
	338,268,877	Guaranteed by JinkoSolar Holding	b)
	20,000,000	Guaranteed by JinkoSolar Holding and Jiangxi Jinko	b)
	99,055,301	Guaranteed by JinkoSolar Holding and Zhejiang Jinko	b)
	88,080,340	Guaranteed by JinkoSolar Holding and certain shareholders of the Group	b)
Guaranteed by	854,248,094	Guaranteed by Jiangxi Jinko	b)
subsidiaries of	46,223,825	Guaranteed by Jiangxi Jinko and Haining Jinko	b)
the Group and third	100,000,000	Guaranteed by Jiangxi Jinko and certain shareholders of the Group	b)
parties and/or	859,940,981	Guaranteed by Zhejiang Jinko	b)
collateralized on	688,534,968	Guaranteed by Jiangxi Heji Investment Co., Ltd	b)
the Group’s assets	163,154,163	Guaranteed by China Export & Credit Insurance Corporation	b)
	1,272,284,205	Financings associated with failed sale-leaseback transactions	c)
	1,746,025,522	Guaranteed and collateralized on buildings, equipment and other assets of the Group and shareholders of the Group	d)
Total	13,339,366,693

As of December 31, 2021, the Group had short-term bank borrowings of RMB1,065,630,732 credit loans, and RMB5,997,919,685 letter of credit loans. The remaining short-term bank borrowings of RMB6,275,816,277 were either guaranteed by other parties and/or collateralized on the Group’s assets, detailed as following:

Borrowings of RMB338,268,877 guaranteed by JinkoSolar Holding, RMB20,000,000 guaranteed by JinkoSolar Holding and Jiangxi Jinko, RMB99,055,301 guaranteed by JinkoSolar Holding and Zhejiang Jinko, RMB88,080,340 guaranteed by JinkoSolar Holding and certain shareholders of the Group, RMB854,248,094 guaranteed by Jiangxi Jinko, RMB46,223,825 guaranteed by Jiangxi Jinko and Haining Jinko, RMB100,000,000 guaranteed by Jiangxi Jinko and certain shareholders of the Group,

RMB859,940,981 guaranteed by Zhejiang Jinko, RMB688,534,968 guaranteed by Jiangxi Heji Investment Co., LTD, and RMB163,154,163 guaranteed by China Export & Credit Insurance Corporation, respectively.

c)	As of December 31, 2021, the Group recorded financings associated with failed sale-lease back transactions with the amount of RMB1,484,167,300 under long-term borrowings, and RMB1,272,284,205 as current portion (Note 21).

Borrowings of RMB177,053,189 collateralized on the bank deposits of Jiangxi Jinko, RMB236,645,834 collateralized on the account receivables of the Group, RMB264,036,976 collateralized on the account receivables and inventories of the Group, RMB1,068,289,523 collateralized on the Group’s certain building and equipment, including RMB551,124,000 which were also collateralized on the Group’s certain land use rights, RMB162,790,000 were also collateralized on the Group’s certain inventories.

In addition, included in these borrowings there were borrowings of RMB647,001,772 guaranteed by Jinkosolar Holding, RMB90,000,000 guaranteed by JinkoSolar Holding and Zhejiang Jinko, RMB95,000,000 guaranteed by Jiangxi Jinko and Zhejiang Jinko, RMB438,766,924 guaranteed by Jiangxi Jinko, and RMB253,013,636 guaranteed by certain shareholders of the Group.

The net book value of the total collateralized accounts receivables, land use right, building, equipment, inventories, bank deposit was RMB726,035,715, RMB109,503,702, RMB279,568,871, RMB3,835,834,686, RMB1,749,007,002 and RMB99,433,930, respectively as of December 31, 2021.

Two subsidiaries of the Group had a revolving loan facility from WELLS FARGO BANK, NATIONAL ASSOCIATION as of December 31, 2020 and 2021. Obligations under the loan facility were secured by substantially all of the assets of the two subsidiaries, including account receivables, bank balances, inventories, property and plants etc. (“Pledged Assets”) as of December 31, 2020 and 2021, and the amount of available facilities is generally determined and updated from time to time based on certain percentage of the Pledged Assets balances. As of December 31, 2020 and 2021, no borrowings were drawn down from such revolving loan facility.

(b) Long-term borrowings


	As of December 31,
	2020	2021
	RMB	RMB
Long-term bank borrowings	938,717,151	590,013,307
Long-term financings associated with failed sale-leaseback transactions	907,448,923	2,756,451,505
Other long-term borrowings	6,136,961,743	7,921,529,893
Less: Current portion of long-term borrowings	(190,243,717)	(99,255,963)
Less: Current portion of financings associated with failed sale-leaseback transactions	(491,348,271)	(1,272,284,205)
Total long-term borrowings	7,301,535,829	9,896,454,537

Future principal repayments on the long-term borrowings are as follows:


Year ending December 31,		RMB
Year ended December 31
2022		1,371,540,169
2023		1,013,159,057
2024		1,950,722,831
2025		2,202,257,762
2026		3,981,444,540
Thereafter		748,870,346
Total		11,267,994,705

1) Long-term bank borrowings

In 2016, the Group entered into a 10-year loan agreement with China Merchants Bank for a principle amount of RMB87,880,000 with the interest rate of 5.39%, which was repayable from February 2016 to January 2026. As of December 31, 2021, the total outstanding

balances amounted to RMB42,411,907, including RMB9,329,593 due on December 31, 2022. The borrowing was collateralized on the Group’s certain buildings with the net book value of RMB150,315,786.

In 2018, the Group entered into a 14-year loan agreement with Inter-American Development Bank and Nederlandse Financierings-Maatschappij Voor Ontwikkelingslandeen N.V. for an aggregate amount of USD105,185,805 (RMB733,797,213). As of December 31, 2021, the Group has drawn down RMB419,041,065 (USD65,724,715), including RMB26,684,916 due on December 31, 2022. The interest rate is the aggregate of 5%~9% and LIBOR. The borrowing was pledged by all of the Group’s rights under the loan agreement and all current and future funds deposited in the designated bank account as well as all of the assets and shares with carrying amount of RMB682,105,885 as of on December 31, 2021 of certain project companies of the Group. As of December 31, 2021, the borrowing was reclassified as held-for-sale liabilities.

In 2019, the Group entered into an 8-year loan agreement with China Everbright Bank for a principle amount of RMB372,000,000 with the interest rate of 6.37%, which was repayable from September 2019 to July 2027. As of December 31, 2021, the total outstanding balances amounted to RMB255,753,331, including RMB41,313,330 due on December 31, 2022. The borrowing was collateralized on the Group’s certain buildings with the net book value of RMB664,363,082.

In 2019, the Group entered into a 2-year loan agreement with China CITIC Bank for a principle amount of RMB30,000,000 with the interest rate of 8.50%, which was due and payable in August 2021.

In 2020, the Group entered into a 2-year loan agreement with China Everbright Bank for a principle amount of RMB100,000,000 with the interest rate of 4.90%, which is due and payable in June 2022. The borrowing was guaranteed by Jiangxi Jinko and collateralized on the Group’s certain equipment with the net book value of RMB238,612,455. As of December 31, 2021, the Group recorded RMB98,000,000 under long-term borrowings in total.

In 2021, the Group entered into two separate 5-year loan agreements with Industrial Bank Co.,LTD. for a principle amount of RMB100,000,000 and RMB19,000,000 with the interest rate of 5.30% and 5.30%, respectively, which were repayable from December 2021 to December 2026. As of December 31, 2021, the total outstanding balances amounted to RMB119,000,000, including RMB5,190,000 due on December 31, 2022.

In 2021, the Group entered into a 3-year loan agreement with Deutsche Bank Co.,LTD. for a principle amount of USD11,739,585 (RMB74,848,069) with the interest rate of 1.92%, which was repayable from March 2022 to December 2024. As of December 31, 2021, the total outstanding balances amounted to RMB74,848,069, including RMB24,949,356 (USD3,913,195) due on December 31, 2022.

2) Financings associated with failed sale-leaseback transactions

During the year ended December 31, 2020 and 2021, the Group sold certain machinery and equipment with total carrying amount of RMB583.0 million and RMB2,630 million to certain third parties (the “purchaser-lessors”) for a total consideration of RMB572.4 million and RMB3,334 million and simultaneously entered into contracts to lease back these assets from the purchaser-lessors for periods from one to six years. Pursuant to the terms of the contracts, the Group is required to pay to the purchaser-lessors quarterly lease payment over the contract periods and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the leases. Through the leaseback, the Group substantially retains all of the benefits and risks incident to the ownership of the equipment sold and the fair value of these equipment upon expiration of leasing period is most likely to be much higher than the repurchase price. Therefore, these lease transactions do not qualify as sale-leaseback transaction. Accordingly, the Group identified the transactions as financing arrangements and recorded as borrowings. As of December 31, 2021, the Group recorded RMB2,756,451,505 under long-term borrowings, including RMB1,272,284,205 as current portion.

3) Other long-term borrowings

In the February 2018, Jiangxi Jinko, together with government background funds, established Jinko Sichuan. Cash capital injections with an aggregate amount of RMB1.3 billion had been made by the non-controlling shareholders through December 31, 2021. The Group controls and consolidates such entity in its financial statements. In October 2020, Jiangxi Jinko entered into a supplementary investment agreement with the government background funds, pursuant to which the government background funds will no longer participates in any business decision of Jinko Sichuan and enjoys a fixed annual return of 6% on its capital injection. Additionally, Jiangxi Jinko shall repurchase all the 30% equity interests (the non-controlling interest) held by the government background funds upon the sixth anniversary of the capital injection date with a repurchase price equivalent to the capital injection made by the

government background funds. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. The Group assessed the impact of the above amendments and concluded that these amendments represented a settlement of the non-controlling interests given characteristics of the non-controlling interests has been completely changed to loan liabilities. At the time of the settlement, the carrying amount of the non-controlling interests with the amount of RMB997,222,010 was derecognized, and the new loan liabilities was recorded at fair value of RMB1,113,842,449, with the difference recorded against additional paid-in-capital. In addition, in July, September and October 2021, the Jinko Sichuan received capital injection with the amount of RMB100,000,000, RMB150,000,000 and RMB50,000,000 from government background funds which bear a fixed annual return of 5.18%, and shall be repaid upon the fifth anniversary of the capital injection date. The Group recorded such capital injection as long-term borrowings. As of December 31, 2020 and 2021, the total outstanding balances amounted to RMB1,338,816,904 and RMB1,560,065,942, respectively.

In the second and third quarter of 2018, government background companies made capital injection with the amounted of RMB517 million into Haining Jinko. In the third quarter of 2019, to support developments of local enterprise, government background funds of Zhejiang province made investment into Haining Jinko as capital injections through limited partnership established together with Zhejiang Jinko. The total capital injection received from government funds in the year of 2019 amounted to RMB845.78 million. In the fourth quarter of 2020, the Group entered into supplementary investments agreement with government background funds, pursuant to which the government background funds will no longer participate in any business decision of Haining Jinko and enjoys fixed annual return within the range from 4.75% to 5.23% on their capital injections respectively. Additionally, the Group shall repurchase all the equity interests (the non-controlling interest) held by the government background funds upon the fifth or sixth anniversary of the capital injection date with a repurchase price equivalent to the capital injection made by the government background funds. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. The Group assessed the impact of the above amendments and concluded that these amendments represented a settlement of the non-controlling interests given characteristics of the non-controlling interests has been completely changed to loan liabilities. At the time of the settlement, the carrying amount of the non-controlling interests with the amount of RMB1,164,120,720 was derecognized, and the new loan liabilities was recorded at fair value of RMB1,192,662,544 with the difference recorded against additional paid-in-capital. As of December 31, 2020 and 2021, the total outstanding balances amounted to RMB1,154,421,096 and RMB1,095,629,569, respectively.

In the September 2019, Jiangxi Jinko, together with government background funds, established Jinko Yiwu. Cash capital injections with an aggregate amount of RMB765 million had been made by the non-controlling shareholders through December 31, 2020. The Group controls and consolidates such entity in its financial statements. In August 2020, Jiangxi Jinko entered into a supplementary investment agreement with the government background funds, pursuant to which the government background funds will no longer participates in any business decision of Jinko Yiwu and enjoys a fixed annual return of 6% on its capital injection. Additionally, Jiangxi Jinko shall repurchase all the 45% equity interests (the non-controlling interest) held by the government background funds upon the fifth anniversary of the capital injection date with a repurchase price equivalent to the capital injection made by the government background funds. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. The Group assessed the impact of the above amendments and concluded that these amendments represented a settlement of the non-controlling interests given characteristics of the non-controlling interests has been completely changed to loan liabilities. At the time of the settlement, the carrying amount of the non-controlling interests with the amount of RMB778,531,455 was derecognized, and the new loan liabilities was recorded at fair value of RMB817,984,401, with the difference recorded against additional paid-in-capital. As of December 31, 2020 and 2021, the total outstanding balances amounted to RMB795,375,501 and RMB756,889,119, respectively.

In the December 2019, Jiangxi Jinko, together with a government background fund, established Jinko Chuzhou. Cash capital injections with an aggregate amount of RMB1.1 billion had been made by the non-controlling shareholder through December 31, 2021. The Group controls and consolidates such entity in its financial statements. In August 2020, Jiangxi Jinko entered into a supplementary investment agreement with the government background fund, pursuant to which the government background fund will no longer participates in any business decision of Jinko Chuzhou and enjoys a fixed annual return of 4.35% on its capital injection. Additionally, Jiangxi Jinko shall repurchase all the 45% equity interests (the non-controlling interest) held by the government background fund upon the sixth anniversary of the capital injection date with a repurchase price equivalent to the capital injection made by the government background fund. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. The Group assessed the impact of the above amendments and concluded that these amendments represented a settlement of the non-controlling interests given characteristics of the

non-controlling interests has been completely changed to loan liabilities. At the time of the settlement, the carrying amount of the non-controlling interests with the amount of RMB858,872,176 was derecognized, and the new loan liabilities was recorded at fair value of RMB845,754,728, with the difference recorded against additional paid-in-capital. In July and September 2021, Jinko Chuzhou received two 5-year loans with the amount of RMB150,000,000 and RMB100,000,000 from the government background fund which both bear a fixed annual return of 4.35%. As of December 31, 2020 and 2021, the total outstanding balances amounted to RMB833,242,979 and RMB1,024,734,418, respectively.

In September and October 2021, Rui Xu entered into two 5-year loan agreements with a government background company with the principle amount of RMB20,000,000 and RMB20,000,000 and the interest rate of 5.05% and 5.05%, respectively. As of December 31, 2021, the total outstanding balances amounted to RMB38,570,691.

In February 2020, Jiangxi Jinko entered into a 1.5-year loan agreement with Shangrao Changxi Trade Co., Ltd. (“Shangrao Changxi”) with the principle amount of RMB30,000,000 with the interest rate of 8.68%. The loan was repaid in October 2021.

In April 2020, Jiangxi Jinko, together with a government background fund, established Jinko ShangRao. The Group controls and consolidates such entity in its financial statements. Pursuant to the investment agreement entered by Jiangxi Jinko and the government background fund, the government background fund will provide its investment into Shangrao Jinko of RMB4.5 billion with the interest rate stipulated by bank for the corresponding period. Jiangxi Jinko shall repurchase all the 45% equity interests (the non-controlling interest) held by the government background fund upon the sixth anniversary of the date of the investment agreement with a repurchase price equivalent to the capital injection made by the government background funds. Considering the government investment shall be repaid on a fixed date and for fixed amounts, redemption of the government investment is considered to be mandatory and certain to occur and is not upon the occurrence of a conditional event nor depends upon the satisfaction of a specified contingency. Therefore, these government investments were accounted as loan liabilities.

In January 2021, Jinko Shangrao received a 5-year loan with the amount of RMB98,000,000 from the government background fund which bears a fixed annual return of 4.9%. In June 2021, to further support the development of Jinko Shangrao, the government background fund entered into agreement with Jiangxi Jinko to waive interests associated with the government loans during the period from January 1 to December 31, 2021. Considering the cash flow effect on a present value basis is less than 10 percent, the interest waiving is regarded as a modification of the government loan, and therefore, established a new effective interest based on the carrying value of the government loan and the revised cash flows since the modification date on June 25, 2021. No gain or loss was recorded in relation to the modification in 2021. As of December 31, 2020 and 2021, the total outstanding balances amounted to RMB1,902,000,000 and RMB2,016,736,125, respectively.

In July 2020, the Group entered into a 2-year loan agreement with Ping An International Financial Leasing Co., Ltd. for a principle amount of RMB49,263,158 which was repayable from July 2020 to July 2022. As of December 31, 2021, the total outstanding balances amounted to RMB18,473,684 and will be due and payable in July 2022. The borrowing was guaranteed by Jiangxi Jinko.

In July 2021, Haining Jinko entered into a 5-year loan agreement with a government background company with the principle amount of RMB690,000,000 and interest rate of LPR plus 10%. The loan will be repaid upon the fifth anniversary of the borrowing date. The borrowing was guaranteed by Jiangxi Jinko and Zhejiang Jinko. As of December 31, 2021, the total outstanding balances amounted to RMB690,000,000.

In October 2021, Anhui Jinko entered into a 6-year loan agreement with a government background company with the principle amount of RMB455,400,000 and interest rate of 5.58%. The loan will be repaid upon the sixth anniversary of the borrowing date. As of December 31, 2021, the total outstanding balances amounted to RMB433,702,026.

In October and December 2021, Yushan Jinko entered into a 6-year loan agreement with a government background company with the principle amount of RMB200,000,000 and RMB100,000,000 and interest rate of 4.90% and 4.90%, respectively. These loans will be repaid upon the sixth anniversary of the borrowing date. As of December 31, 2021, the total outstanding balances amounted to RMB286,728,319.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1I
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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+ Details

LEASES

12 Months Ended

Dec. 31, 2021

LEASES

LEASES

21. LEASES

The Group’s operating lease primarily represent offices and overseas manufacturing facilities and warehouses. Most of the operating leases are for terms ranging from 3 to 20 years, although terms and conditions can vary from lease to lease. The Group has assessed the specific terms and conditions of each operating lease to determine the amount of the lease payments and the length of the lease

term, which includes the minimum period over which lease payments are required plus any renewal options that are both within the Group’s control to exercise and reasonably certain of being exercised upon lease commencement. The Company assesses all relevant factors to determine if sufficient incentives exist as of lease commencement to conclude whether or not renewal is reasonably certain. There are no material residual value guarantees provided by the Company nor any restrictions or covenants imposed by the operating leases to which the Company is a party. In determining the lease liability, the Group utilizes its incremental borrowing rate for debt instruments with terms approximating the term for its operating leases to discount the future lease payments over the lease term to present value. The Company does not incur variable lease payments for its operating leases.

The Group’s finance leases primarily represent machinery and equipment utilized in the Group’s production facilities. All of the Group’s finance leases meet one or more of the criteria as: a) the lease transfers ownership of the underlying asset to the Group by the end of the lease term; b) the lease grants the Group an option to purchase the underlying asset that the lessee is reasonably certain to exercise; c) the lease term is for the major part of the remaining economic life of the underlying asset; d) the present value of the sum of the lease payments and any residual value guaranteed by the Group that is not already reflected in the lease payments equals or exceeds substantially all of the fair value of the underlying asset; e) the underlying asset is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. ROU of capital lease is recorded at the aggregate of future minimum lease payments and estimated residual value of the leased equipment. In determining the lease liability, the Group utilizes its incremental borrowing rate for debt instruments with terms approximating the term for its capital leases to discount the future lease payments over the lease term to present value.

The balances for the operating and finance leases where the Group is the lessee are presented as follows:


	2020	2021
	December 31	December 31
	RMB	RMB
Operating leases:
Operating lease liabilities - current	48,244,010	62,515,082
Operating lease liabilities - non-current	277,239,113	385,419,556
Total operating lease liabilities	325,483,123	447,934,638
Operating lease right-of-use assets, net	316,512,346	438,271,327

Financing leases:
Financing lease liabilities - current	272,329,554	194,939,003
Financing lease liabilities - non-current	313,087,663	236,373,848
Total financing lease liabilities	585,417,217	431,312,851
Financing lease right-of-use assets, net	829,122,192	628,592,051

(a)

The components of lease expenses were as follows:


	As of December 31,
	2020	2021
	RMB	RMB
Lease cost:
Amortization of right-of-use assets	146,965,210	135,791,384
Interest of lease liabilities	46,533,172	51,575,346
Expenses for short-term lease within 12 months	6,431,457	3,051,443
Total lease cost	199,929,839	190,418,173

(b)

Supplemental cash flow information related to leases was as follows:


	As of December 31,
	2020	2021
	RMB	RMB
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	50,403,567	76,399,872
Operating cash outflows for finance leases	32,628,104	25,973,901
Financing cash outflows for finance leases	250,935,455	286,292,083
Total cash paid for amounts included in the measurement of lease liabilities:	333,967,126	388,665,856

Lease obligation accrued in exchange for right-of-use assets:
Operating lease liabilities	76,559,666	185,472,028
Finance lease liabilities	—	132,187,717
Total lease obligation accrued in exchange for right-of-use assets:	76,559,666	317,659,745

(c)

Supplemental balance sheet information related to leases was as follows:


	As of December 31,
	2020	2021
Weighted-average remaining lease term	3.64 years	4.16 years
Weighted-average discount rate	5.86%	5.99%

(d)

Maturities of lease liabilities were as follows:


Year ending December 31,		RMB
Year ended December 31,
2022		293,713,789
2023		293,566,891
2024		115,718,983
Thereafter		304,302,371
Total undiscounted lease payments		1,007,302,034
Less: imputed interest		128,054,545
Total lease liabilities		879,247,489

(e)

Future minimum lease payments for the Company’s leases were as follows:


Year ending December 31,		RMB
Year ended December 31,
2022		296,765,232
2023		293,566,891
2024		115,718,983
Thereafter		304,302,371
Total minimum lease payments		1,010,353,477

- Finance lease obligations and others prior to the adoption of ASC 842 on January 1, 2019

The Company elected the practical expedients not to reassess arrangements entered into prior to January 1, 2019 for whether an arrangement is or contains a lease, the lease classification applied or to separate initial direct costs. Therefore, the Company remained the lease classification and accounting of its capital lease and sale-leaseback arrangements entered into prior than January 1, 2019.

The Company’s capital lease and sale-leaseback arrangements entered into prior than January 1, 2019 were as follows:

In May 2017, the Company sold certain machinery and equipment (“leased assets”) with carrying amount of RMB201.1 million to a third party (the “purchaser-lessor”) for consideration of RMB150.0 million and simultaneously entered into a three-year contract to lease back the leased assets from the purchaser-lessor. Pursuant to the terms of the contract, the Company is required to pay to the

purchaser-lessor quarterly lease payment over three years and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the lease. The lease is classified as capital lease. In connection with this sale-leaseback transaction, the Company recognized a loss of approximately RMB51.1 million, which is being deferred and amortized into expense over the remaining useful lives of the leased assets. Through the leaseback, the Company substantially retains all of the benefits and risks incident to the ownership of the property sold, therefore, the sale-leaseback transaction is a financing with the underlying assets as collateral.

In July 2017, the Company sold certain machinery and equipment (“leased assets”) with carrying amount of RMB815.4 million to a third party (the “purchaser-lessor”) for consideration of RMB600.0 million and simultaneously entered into a four-year contract to lease back the leased assets from the purchaser-lessor. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over four years and is entitled to obtain the ownership of these equipment at RMB0.6 million upon the expiration of the lease. The lease is classified as capital lease. In connection with this sale-leaseback transaction, the Company recognized a loss of approximately RMB215.4 million, which is being deferred and amortized into expense over the remaining useful lives of the leased assets. Through the leaseback, the Company substantially retains all of the benefits and risks incident to the ownership of the property sold, therefore, the sale-leaseback transaction is a financing with the underlying assets as collateral.

In November 2017, the Company entered into a two-year finance leasing contract with a third-party lessor to lease certain machinery and equipment with carrying amount of RMB74.9 million. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over two years and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the lease. The lease is classified as capital lease.

In January 2018, the Company sold certain machinery and equipment (“leased assets”) with carrying amount of RMB52.0 million to a third party (the “purchaser-lessor”) for consideration of RMB50.0 million and simultaneously entered into a three-year contract to lease back the leased assets from the purchaser-lessor. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over three years and is entitled to obtain the ownership of these equipment at RMB1.0 yuan upon the expiration of the lease. The lease is classified as capital lease. In connection with this sale-leaseback transaction, the Company recognized a loss of approximately RMB2.0 million, which is being deferred and amortized into expense over the remaining useful lives of the leased assets. Through the leaseback, the Company substantially retains all of the benefits and risks incident to the ownership of the property sold, therefore, the sale-leaseback transaction is a financing with the underlying assets as collateral.

In May 2018, the Company entered into a two-year finance leasing contract with a third-party lessor to lease certain machinery and equipment with carrying amount of RMB72.0 million. Pursuant to the terms of the contract, the Company is required to pay to the purchaser-lessor quarterly lease payment over two years and is entitled to obtain the ownership of these equipment at a nominal price upon the expiration of the lease. The lease is classified as capital lease.

As of December 31, 2020 and 2021, the net value of these leased assets are:


	As of December 31,
	2020	2021
	RMB	RMB
Equipment	1,072,214,761	—
Less: accumulated depreciation	(243,092,569)	—
Net Value	829,122,192	—

The Group amortized deferred losses related to sale-leaseback transactions amounted to RMB33,560,902, RMB27,502,575 and RMB13,423,787 during the years ended December 31, 2019, 2020 and 2021.

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE

EARNINGS PER SHARE

22. EARNINGS PER SHARE

Basic earnings per share and diluted earnings per share have been calculated as follows:


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Numerator:
Net income	924,352,495	335,255,274	955,571,509
Less: Net income attributable to non-controlling interests	25,690,269	104,870,621	234,553,599
Net income attributable to JinkoSolar’s ordinary shareholders	898,662,226	230,384,653	721,017,910
Dilutive effects of Convertible senior notes	—	—	(308,338,513)
Dilutive effects of call option	(91,066,662)	(462,751,547)	—
Numerator for diluted income/(loss) per share	807,595,564	(232,366,894)	412,679,397

Denominator:
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding	169,363,306	178,938,853	190,672,869
Dilutive effects of share options	1,909,930	—	540,620
Dilutive effects of Convertible notes	—	—	14,506,283
Dilutive effects of call option	(4,705,479)	(7,500,000)	—

Denominator for diluted calculation - weighted average number of ordinary shares outstanding	166,567,757	171,438,853	205,719,772
Basic earnings per share attributable to JinkoSolar’s ordinary shareholders	5.31	1.29	3.78
Diluted earnings/(loss) per share attributable to JinkoSolar’s ordinary shareholders	4.85	(1.36)	2.01

For the years ended December 31, 2019 and 2020, convertible senior notes convertible into 17,708,332 and 17,708,332 shares were not included in the computation of diluted EPS because of their anti-dilutive effect, respectively.

For the years ended December 31, 2019 and 2020, because of the dilutive impact, potential shares underlying the call option arrangement (Note 24) were removed from weighted average number of ordinary shares outstanding since its issuance date, and changes in income of the assumed exercise of call option were also recorded as the adjustment to the consolidated net income to arrive at the diluted net income available to the Company’s ordinary shareholders.

EMPLOYEE BENEFITS

12 Months Ended

Dec. 31, 2021

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS

23. EMPLOYEE BENEFITS

According to the guidance promulgated by the central government, companies (and employees) are required to contribute, in specified portions, to the social insurance funds (including medical care insurance, work injury insurance, unemployment insurance, maternity insurance and pension benefits) as well as the housing funds (collectively, “employee welfare funds”) on a monthly basis for all of the employees based on such employees’ actual salaries or the applicable capped salary base, whichever is lower. An employee is entitled to request its employer to make the required portion of contributions in the statutory amounts to the employee welfare funds.

In line with local customary practices, the Company has made contributions to the social insurance funds which met the requirement of the local minimum wage standard, instead of its employees’ actual salaries as required by the above described guidance, and has not made full contribution to the housing funds.

Based on the Company’s observation of local practices and consultation with relevant government authorities, the Company believes its practice has been consistent with the common practice adopted by businesses in Shangrao and Haining, where the Company’s main subsidiaries operate.

However, the Company believes it is probable that it will be required to make additional contributions to the employee welfare funds if (i) the government authorities were to strictly enforce the statutory contribution requirements, or (ii) the employees were to request the Company to make full contributions to their employee welfare funds (such request, if made, would most likely be supported by the labor arbitration center or the labor administrative bureau). Therefore, the Company recognizes the difference between the amount of its actual contributions and the statutory contribution requirements under the guidance promulgated by the central government as a liability for employee welfare benefits. The unpaid balance of accrued liability accrued for the welfare benefits were RMB605,830,905 and RMB 740,508,487 as of December 31, 2020 and December 31, 2021, respectively.

On October 28, 2010, the Standing Committee of the National People’s Congress issued and adopted the Social Insurance Law (the “Social Insurance Law”), which became effective on July 1, 2011. The Social Security Law imposes certain fines for the aggregated amount of any outstanding contributions if such contributions are not made within a prescribed time period. In light of this requirement, the Company had accrued a penalty on the basis of a daily rate of 0.05% of the outstanding contributions as provided under the Social Insurance Law prior to 2014. The unpaid balance of penalty accrued for employee welfare benefits were RMB12,063,712 and RMB25,807,949 as of December 31, 2012 and 2013, respectively.

On September 26, 2013, the Ministry of Human Resources and Social Security of the People’s Republic of China announced “Regulations on the Declaration and Payment of Social Welfare” (“New Social Security Regulation”), which took effect on November 1, 2013. The New Social Security Regulation clarifies that the local social security authority should issue a notification to the employers who fail to make appropriate contribution of social security and a late-payment penalty charge will only be imposed to employers who fail to pay the outstanding contribution within five days upon the receipt of the notification. However, there were different interpretations of the New Social Security Regulation as to applicability of the penalty charge by different local authorities in difference cities and provinces in late 2013, therefore, the Company performed investigation and legal assessment as well as communicating with relevant local authorities. Legal assessment was completed in late 2014. In the opinion of the management, the probability that the Company would be required to pay late-payment penalty in connection with the unpaid contribution is remote, given that the Company has received certificates from local social security authorities which confirmed that the Company was in compliance with the local social insurance regulations as of December 31, 2014 and that local social security authorities have not issued any notification for payment of outstanding contribution to the Company. Accordingly, the Company did not accrue for late-payment penalty since then.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 55
-Paragraph 17
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS

12 Months Ended

Dec. 31, 2021

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS

24. CONVERTIBLE SENIOR NOTES AND CALL OPTIONS

2019 Convertible Notes

The Company issued USD 150 million of convertible senior notes on January 22, 2014, which matured on February 1, 2019 (the “2019 Notes”). The interest rate was 4% per annum payable semi-annually, in arrears. No accrued interest to be paid on the 2019 Notes when they are converted.

Holders had the option to convert their 2019 Notes from the earlier of (i) when the registration statement of the 2019 Notes became effective and (ii) the first anniversary of the date on which the 2019 Notes were first issued, through to and including the business day prior to the maturity date into ADSs representing the ordinary shares initially at a conversion rate of 21.8221 ADSs per USD1,000 principal amount of Notes (equivalent to an initial conversion price of approximately USD45.83 per ADS).

The conversion rate was subject to change on anti-dilution and upon certain fundamental changes. Fundamental changes were defined as 1) any “person” or “group” beneficially owns (directly or indirectly) 50% or more of the total voting power of all outstanding classes of Company’s shares or has the power to elect a majority of the members of the board of directors; 2) Company consolidates with, or merge with or into, another person or the Company sells, assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of its assets, or any person consolidates with, or merges with or into, the Company; 3) Termination of trading of Company’s ADSs; and 4) adoption of a plan relating to the Company’s liquidation or dissolution.

The holders had the option to require the Company to repurchase the 2019 Notes, in whole or in part, in the event of a fundamental change for an amount equal to the 100% of the principal amount and any accrued and unpaid interest in the event of fundamental changes. Management assessed that the likelihood of fundamental change was remote.

The holders had the right to require the Company to repurchase for cash all or any portion of their notes on February 1, 2017 at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

While the 2019 Notes remained outstanding, the Company or its subsidiaries should not create or permit to subsist any security upon its property, assets or revenues (present or future) to secure any international investment securities or to secure any guarantee of or indemnity of any international investment securities unless the obligations under the Notes and the indenture (a) were secured equally and ratably therewith, or (b) had the benefit of such other security, guarantee, indemnity or other arrangement as shall be approved by holders of a majority in aggregate principal amount of the Notes then outstanding.

As a result of the depressed market conditions, the Company repurchased the 2019 Notes with a face value of USD88.9 million or 59.3% of the Notes at approximately 96% of the face value during the year ended December 31, 2016. The Company repurchased 2019 Notes with a face value of USD61.1 million or 40.7% of the 2019 Notes at approximately 100% of the face value during the year ended December 31, 2017. The Company repurchased 2019 Notes with a face value of USD10,200 or 0.0% of the 2019 Notes at approximately 100% of the face value during the year ended December 31, 2019.

2024 Convertible Notes

The Company issued USD85 million of Convertible Senior Notes on May 17, 2019, which will mature on June 1, 2024 (the “2024 Notes”). The interest rate is 4.5% per annum payable semi-annually, in arrears.

Holders have the option to convert their 2024 Notes at any time prior to the close of business on the third business day immediately preceding the maturity date at a conversion rate of 52.0833 ADSs per USD1,000 principal amount of the Notes (equivalent to an initial conversion price of approximately USD19.20 per ADS).

The conversion rate is subject to change on anti-dilution and upon certain fundamental changes. Fundamental changes are defined as 1) any “person” or “group” beneficially owns (directly or indirectly) 50% or more of the total voting power of all outstanding classes of Company’s shares or has the power to elect a majority of the members of the board of directors; 2) Company consolidates with, or merge with or into, another person or the Company sells, assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of its assets, or any person consolidates with, or merges with or into, the Company; 3) Termination of trading of Company’s ADSs; and 4) adoption of a plan relating to the Company’s liquidation or dissolution.

The holders have the option to require the Company to repurchase the 2024 Notes, in whole or in part, in the event of a fundamental change for an amount equal to the 100% of the principal amount and any accrued and unpaid interest in the event of fundamental changes. Management assessed that the likelihood of fundamental change is remote.

The holders will have the right to require the Company to repurchase for cash all or any portion of their notes on June 1, 2021 at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

While the 2024 Notes remain outstanding, the Company or its subsidiaries should not create or permit to subsist any security upon its property, assets or revenues (present or future) to secure any international investment securities or to secure any guarantee of or indemnity of any international investment securities unless the obligations under the Notes and the indenture (a) are secured equally and ratably therewith, or (b) have the benefit of such other security, guarantee, indemnity or other arrangement as shall be approved by holders of a majority in aggregate principal amount of the Notes then outstanding.

During the year of 2021, certain 2024 Notes with the principal amount of USD15,750,000 were converted into 3,281,244 ordinary shares of the Company.

Accounting for 2019 Convertible Notes

The Company has RMB as its functional currency, and the 2019 Notes are denominated in USD. As a result, the conversion feature is dual indexed to the Company’s stock as well as the RMB and USD exchange rate, and is considered an embedded derivative which needs to be bifurcated from the host instrument in accordance with ASC 815.

ASC 815-15-25 provides that if an entity has a hybrid financial instrument that would require bifurcation of embedded derivatives under ASC 815, the entity may irrevocably elect to initially and subsequently measure a hybrid financial instrument in its entirety at fair value with changes in fair value recognized in earnings. The fair value election can be made instrument by instrument and shall be supported by concurrent documentation or a preexisting documented policy for automatic election.

The Company elected to measure the 2019 Notes in their entirety at fair value with changes in fair value recognized as non-operating income or loss at each balance sheet date in accordance with ASC 815-15-25. Further, as the functional currency of the Company is RMB, the fair value of the Notes is translated into RMB at each balance sheet date with the difference being reported as exchange gain or loss. In addition, all issuance costs associated with the 2019 Notes offering has been expensed as incurred in accordance with ASC 825-10-25-3, which states that upfront costs and fees related to items for which the fair value option is elected shall be recognized in the consolidated statements of operations and comprehensive as incurred and not deferred.

The Company completed its repurchasing of the 2019 Notes in the year of 2019 (Note 31).

Accounting for 2024 Convertible Notes

The Company has RMB as its functional currency, and the 2024 Notes are denominated in USD. As a result, the conversion feature is dual indexed to the Company’s stock as well as the RMB and USD exchange rate, and is considered an embedded derivative which needs to be bifurcated from the host instrument in accordance with ASC 815.

The Company elected to measure the 2024 Notes in their entirety at fair value. According to ASC 825-10-45-5, the Company measures the financial liability at fair value with qualifying changes in fair value recognized in net income. The Company also presents separately in other comprehensive income the portion of the total change in the fair value of the liability that results from a change in the instrument-specific credit risk.

Further, as the functional currency of the Company is RMB, the fair value of the 2024 Notes is translated into RMB at each balance sheet date with the difference being reported as exchange gain or loss, except for the exchange rate remeasurement of the component of the change in fair value of the liability resulting from the cumulative changes in instrument-specific credit risk which is presented in other comprehensive income. In addition, all issuance costs associated with the 2024 Notes offering has been expensed as incurred in accordance with ASC 825-10-25-3, which states that upfront costs and fees related to items for which the fair value option is elected shall be recognized in the consolidated statements of operations and comprehensive as incurred and not deferred.

As of December 31, 2020 and 2021, the estimated fair value of the 2024 Notes amounted to approximately RMB1,831,612,124 and RMB1,098,736,489. The Company recorded gain from foreign exchange remeasurement of RMB38,359,987 and RMB8,599,149 in net income for the years ended December 31, 2020 and 2021, respectively. The Company recorded loss from change in fair value of 2024 Notes of RMB1,202,082,070 and gain from change in fair value of 2024 Notes of RMB327,761,941 in net income for the years ended December 31, 2020 and 2021, respectively. The Company recorded gain from change in fair value of 2024 Notes of RMB60,325,828 and RMB56,224,381 in other comprehensive income for the years ended December 31, 2020 and 2021, respectively. During the year of 2021, certain 2024 Notes with the principal amount of USD15,750,000 were converted into 3,281,244 ordinary shares of the Company. Upon conversion of the 2024 Notes, accumulated gains due to changes in instrument-specific credit risk with amount of RMB14,252,339 were reclassified from other comprehensive income to net income (Note 31).

Call Option

Concurrent with the issuance of the 2024 Notes, the Company used approximately USD30 million of the net proceeds from the offering to enter into zero-strike call option transactions (“Call option”), covering 1,875,000ADSs, with the initial purchasers of the 2024 Notes (“Dealer”). The Call option is intended to facilitate privately negotiated transactions by which investors in the Notes are able to hedge their investment. The Call option expires on July 28, 2021 or when the Dealer request early settlement. The Company has the right to elect settlement method. If cash settlement applies, the Dealer will deliver the amount of cash to the Company calculated based on the number of shares determined on the commencement date and the volume-weighted average price of the Company shares on the settlement date. If physical settlement applies, the Company will receive the fixed number of ADSs determined at the commencement date of the transaction. In 2021, the Company elected cash settlement method and total cash received from the exercise of call options amounted to RMB621,058,952.

The economic substance of the Call option is the same as a traditional forward repurchase contract. Because the Call option permitted net cash settlement, it was classified as a derivative instrument measured initially and subsequently at fair value with changes in fair value recorded in earnings. The Company accounted for the Call option as a free-standing derivative asset on its consolidated balance sheet when the Call option was entered into in May 2019. The derivative asset was initially recorded at its fair value of US$30 million on the commencement date which represented the amount of cash transferred to the Dealer. The derivative asset was subsequently recorded at fair value with the change in fair value through May 2019. The Company recorded a gain from change in fair value of the call option with the amount of RMB476,290,547 and loss of RMB136,121,171, an exchange loss of the call option with the amount of RMB13,539,000 and an exchange gain of RMB250,942 for the year ended December 31,2020 and 2021, respectively (Note 31).

ORDINARY SHARES

12 Months Ended

Dec. 31, 2021

ORDINARY SHARES

ORDINARY SHARES

25. ORDINARY SHARES

The Company’s authorized share capital is USD10,000 comprising 500,000,000 ordinary shares with a par value of USD0.00002 each.

In January 2014, the Company closed an offering of 15,000,000 ordinary shares (3,750,000 ADSs) and received aggregated net proceeds of approximately USD126.3million, after deducting discounts and commissions but before offering expenses.

In February 2018, the Company closed an offering of 16,560,000 ordinary shares (4,140,000 ADSs), par value USD0.00002 per share, at USD18.15 per ADS (equivalent to USD4.54 per share). The net proceeds of the follow-on offering to the Company, after deducting underwriting commissions and fees and estimated offering expenses with the amount of USD4.3 million, was approximately USD71.1 million.

In February 2018, the Company also completed the private placement with Tanka International Limited, an exempted company incorporated in the Cayman Islands held by Mr. Xiande Li, chairman of the Company, and Mr. Kangping Chen, chief executive officer of the Company, for the issuance of 7,713,499 ordinary shares for USD35 million at USD4.54 per share.

In May 2019, the Company closed an offering of 18,687,500 ordinary shares (4,671,875 ADSs), par value USD0.00002 per share, at USD16.00 per ADS (equivalent to USD4.00 per share). The net proceeds of the follow-on offering to the Company, after deducting underwriting commissions and fees and estimated offering expenses with the amount of USD3.9 million, was approximately USD70.9 million (RMB488.95 million).

In December 2020, the Company completed to sell 5,976,272 ordinary shares (1,494,068 ADSs) through its at-the-market offering and was entitled to receive proceeds of USD98.3 million after deducting commissions and offering expense. All of the proceeds were received in January 2021.

For the year ended December 31, 2020, 305,660 outstanding ADSs (1,222,640 shares) were repurchased with a total consideration of RMB29,294,325, which is shown as treasury stock.

During the year of 2021, certain 2024 Notes with the principal amount of USD15,750,000 were converted into 3,281,244 ordinary shares of the Company (Note 24).

As of December 31, 2020 and 2021, total of 736,460 ADSs (2,945,840 shares) were repurchased but have not been retired with a total consideration of RMB43,169,878 which is shown as treasury stock.

As of December 31, 2020 and 2021, the Company’s issued and outstanding shares were 187,434,469 and 190,824,913, respectively.

EQUITY FINANCING IN JIANGXI JINKO

12 Months Ended

Dec. 31, 2021

EQUITY FINANCING IN JIANGXI JINKO

EQUITY FINANCING IN JIANGXI JINKO

26. EQUITY FINANCING IN JIANGXI JINKO

In October 2020, Jiangxi Jinko, principal operating subsidiary of the Group, completed an RMB 3.10 billion (approximately USD 461.2 million) equity financing. Immediately after the closing, third-party investors together with the Company’s principal shareholders and senior management personnel, directly or through their investment arms, collectively own approximately a 26.7% equity interest in Jiangxi Jinko and the Company owns 73.3% equity interest in Jiangxi Jinko.

Pursuant to the equity financing agreements, third-party investors have the option to require the Company’s principal shareholders (Mr. Xiande Li, Mr. Kangping Chen and Mr. Xianhua Li) to repurchase their equity interests in Jiangxi Jinko upon the occurrence of certain events. Considering these rights of third-party investors solely against the Company’s principal shareholders and did not change the rights attached to the Jiangxi Jinko’s ordinary shares, the equity financing in Jiangxi Jinko is not mandatorily nor contingently redeemable against Jiangxi Jinko or the Group, and therefore, the equity financing was classified as noncontrolling interest in the Company’s consolidated financial statements.

Given the Group may not have been able to consummate the equity financing without the rights provided by the Company’s principal shareholders, values of the rights provided by the Company’s principal shareholders are deemed as shareholder contributions from the principal shareholders to the Company. Since the contributions from the Company’s principal shareholders incurred directly attributable to Jiangxi Jinko’s equity financing, the contributions were treated as issuance cost of the equity financing and was recorded as a reduction of noncontrolling interest with a credit of additional paid-in capital. Fair value of the rights provided by the Company’s principal shareholders approximated RMB139.9 million.

SHARE BASED COMPENSATION

12 Months Ended

Dec. 31, 2021

SHARE BASED COMPENSATION

SHARE BASED COMPENSATION

27. SHARE BASED COMPENSATION

The Company adopted a long-term incentive plan (the “2009 Plan”) in July 2009 which was subsequently amended and restated. The 2009 plan provided for the issuance of options of 9,325,122 ordinary shares. The options have a contractual life of 7 years except for certain options granted to an employee in August 2009 that can be exercised until October 1, 2013. The share options will vest in 5 successive equal annual installments on the last day of each year from the grant date, provided that the personnel’s service with the Company has not terminated prior to each such vesting date. For 953,200 options granted to one employee in August 2009, the share options vested in a series of 36 months, on the last day of each month, commencing from October 1, 2008.

The Company adopted a long-term incentive plan (the “2014 Plan”) in August 2014. The 2014 Plan provides for the issuance of options of 12,796,745 ordinary shares. The options have a contractual life of 10 year. The share options will vest in 5 successive equal annual installments on the last day of each year from the grant date, provided that the personnel’s service with the Company has not terminated prior to each such vesting date.

The Company adopted a new long-term incentive plan (the “2021 Plan”) in August 2021. The 2021 Plan provides for the issuance of restricted shares of 354,000 ordinary shares. The restricted shares have a contractual life of 5 year. The restricted shares will vest in 10 successive equal semi-annual installments on the first day of half-year anniversaries starting from the grant date, provided that the personnel’s service with the Company has not terminated prior to each such vesting date.

(i)Share options

A summary of the share option activities under the Company’s share-based compensation plan for the years ended December 31, 2019, 2020 and 2021 is as follows:


	Number of		Weighted-average
	option	Weighted-average	remaining	Aggregate
	outstanding	exercise price	contractual term	intrinsic value
		(USD/share)	(in years)	(RMB)
Balance as of December 31, 2018	8,453,372	3.34	5.80	152,447
Granted	—	—
Exercise	(3,378,060)	3.35
Forfeited	(520.024)	3.29
Balance as of December 31, 2019	4,555,288	3.34	4.73	73,353,508
Granted	—	—
Exercise	(3,750,540)	3.32
Forfeited	(88,000)	3.29
Balance as of December 31, 2020	716,748	3.46	4.25	58,835,911
Granted	—	—	—	—
Exercise	(105,200)	3.29	—	—
Forfeited	(264,012)	3.29	—	—
Balance as of December 31, 2021	347,536	3.65	3.84	17,372,963

Vested as of December 31, 2021	347,536	3.65	3.84	17,372,963
Vested and exercisable as of December 31, 2021	347,536	3.65	3.84	17,372,963

The aggregate intrinsic value is calculated as the difference between the market price of ordinary shares, USD11.49 (RMB73.26) per share as of December 31, 2021 and the exercise prices of the options.

Total intrinsic value of options exercised during the year ended December 31, 2019, 2020 and 2021 were RMB54,032,828, RMB296,759,089 and RMB5,501,611 respectively.

Share-based compensation expenses related to the option awards granted to the employees amounted to RMB4,578,315, RMB922,868 and RMB9,884,090 for the years ended December 31,2019, 2020 and 2021, respectively.

The total fair value of shares vested for the years ended December 31, 2019, 2020 and 2021 were RMB65,621,884, RMB4,132,648 and RMB1,864,720 respectively.

As of December 31, 2021, the Company had recognized all the share-based compensation expenses related to share options. For the year ended December 31, 2021, total cash received from the exercise of share options was RMB10,185,136.

(ii)Restricted shares

The fair value of each restricted share granted with service conditions is estimated based on the fair market value of the underlying ordinary shares of the Company on the date of grant.

The following table summarizes activities of the Company’s restricted shares under the 2021 plan:


	Number of restricted shares	Weighted average grant
	outstanding	date fair value
		(RMB)
Unvested as of January 1, 2021	—	—
Granted	354,000	86.38
Vested	(35,400)	86.38
Unvested as of December 31, 2021	318,600	86.38

Share-based compensation expenses of nil, nil and RMB9,884,090 related to restricted shares were recognized for the years ended December 31, 2019, 2020 and 2021, respectively.

As of December 31, 2020 and 2021, there were nil and RMB19,927,748 of unrecognized compensation expenses related to restricted shares which is expected to be recognized over a weighted-average period of nil and 4.58 years, respectively.

The share-based compensation expense of continuing operations for the year ended December 31, 2019, 2020 and 2021 was recorded in the respective items:


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Costs of revenues	(771,464)	328,549	130,954
Selling expenses	3,424,973	461,567	130,954
General and administrative expenses	1,140,815	145,835	9,622,182
Research and development expenses	783,991	(13,083)	—
Total	4,578,315	922,868	9,884,090

RELATED PARTY TRANSACTIONS AND BALANCES

12 Months Ended

Dec. 31, 2021

RELATED PARTY TRANSACTIONS AND BALANCES

28. RELATED PARTY TRANSACTIONS AND BALANCES

(a) Related party balances

Outstanding amounts due from/to related parties as of December 31, 2020 and 2021 were as follows:


	2020	2021
	December 31	December 31
	RMB	RMB
Accounts receivable from related parties:
Accounts receivable from JinkoPower for sales of solar modules and others	376,719,310	29,417,134
Accounts receivable from Sweihan PV Power Company P.S.J.C (“Sweihan PV”, which develops and operates solar power projects in Dubai)	33,638,826	—
Subtotal	410,358,136	29,417,134
Notes receivables from a related party:
Notes receivables from JinkoPower	33,001,402	—

Other receivables from related parties:
Prepayments to JinkoPower for outsourcing services	20,609,442	11,990,502
Other receivables from JinkoPower for miscellaneous transactions	3,146,781	5,357,546
Subtotal	23,756,223	17,348,048
Other assets from a related party:
Guarantee receivables due from JinkoPower	107,318,909	3,291,940

Accounts payable due to a related party:
Accounts payable due to Jinko-Tiansheng	14,113,577	15,863,346

Other payables due to related parties:
Other payables due to JinkoPower for payments on behalf of the Company	71,240,329	2,229,986
Other payables to Jiangxi Desun Energy Co., Ltd.(“Jiangxi Desun”, an entity in which our founders and substantial shareholders, Xiande Li, Kangping Chen and Xianhua Li, each holds more than 10%, and collectively hold 73%, of the equity interest) for leasing of land and buildings	275,075	—
Subtotal	71,515,404	2,229,986

(1)	Balances due to related parties are interest-free, not collateralized, and have no definitive repayment terms.

(2)	As of December 31, 2020 and 2021, bank deposits of the Group with the amount of RMB17.7 million and nil were pledged for certain loans of JinkoPower, respectively.

(3)	On March 30, 2021, the Company signed an agreement to offset the debts and receivables between the Group and JinkoPower with the aggregate amount of RMB71.0 million.

(b) Related party transactions

Transactions related parties for the year ended December 31, 2019, 2020 and 2021 were as follows:


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Revenue from sales of products and providing services to related parties
Revenue from sales of products to Sweihan PV	144,287,938	51,201,037	—
Income of financing guarantees	18,574,433	14,687,691	6,364,065
Revenue from sales of products to JinkoPower	7,812,477	5,072,143	27,098,993
Income of project management provided to Sweihan PV	—	3,721,149	659,847
Rental services provided to JinkoPower	2,177,280	2,177,280	4,003,674

Service expenses provided by related parties
Processing fee of OEM service charged by Jiangsu Jinko-Tiansheng	39,565,882	27,485,358	5,309,769
Solar project management service provided by JinkoPower	23,266,889	9,442,936	8,753,242
Rental services provided by Jiangxi Desun	1,100,304	1,100,304	—
Electricity fee charged by JinkoPower	—	3,087,690	7,724,917
Construction service of solar project provided by JinkoPower	8,935,653	—	—
Other fees charged by JinkoPower	—	—	16,038

In connection with the Company’s disposal of JinkoSolar Power downstream business in 2016, the Group entered into a master service agreement with JinkoPower under which the Group agreed to provide a guarantee for JinkoPower’s financing obligations under its separate loan agreements. In the event that JinkoPower fails to perform its obligations under the loan agreements or otherwise defaults thereunder, the Company will become liable for JinkoPower’s obligations under the loan agreements, which amounted to RMB401.4 million (US$63.0 million) as of December 31, 2021. The Company will charge JinkoPower service fees for the debt payment guarantee service according the master service agreement.

Pursuant to the master service agreement, guarantee service fee is to be settled annually, and the management of the Company believes the guarantee fee charges are at market rates. The guarantee receivables are settled upon the receipt of guarantee fees from JinkoPower. The Company has received RMB18,628,574, RMB18,372,799 and RMB21,233,749 guarantee fees from JinkoPower in 2019, 2020 and 2021, respectively.

As of December 31, 2020 and 2021, the Company recorded the guarantee fee income receivable amounted to RMB107,318,909 and RMB3,291,940. The Company also recorded a guarantee liability amounted to RMB57,331,674 and RMB12,142,387 as of December 31, 2020 and 2021, respectively. The guarantee liability will be amortized over the expected guarantee period from 1 to 16 years which relates to the life of the outstanding guaranteed bank loans in the subsequent reporting periods. Other income from JinkoPower for the guarantee fee amortized for the period during the year ended December 31, 2019, 2020 and 2021 amounted to RMB18,574,433, RMB14,687,691 and RMB6,364,065, respectively.

For the year ended December 31, 2019, 2020 and 2021, sales of solar module products to subsidiaries of JinkoPower amounted to RMB7,812,477, RMB5,072,143 and RMB27,098,993, respectively. Payment term offered by the Group to JinkoPower is consistent with the Group’s 3rd party sales arrangement. As of December 31, 2020 and 2021 outstanding receivables due from JinkoPower were RMB377 million and RMB29 million, respectively, among which RMB300 million and nil was overdue over one year, respectively. No interest was charged by the Group to JinkoPower on the overdue receivables.

For the years ended December 31, 2019, 2020 and 2021, sales of solar module products to Sweihan PV amounted to RMB144,287,938, RMB51,201,037 and nil, respectively.

For the years ended December 31, 2019, 2020 and 2021, rental services provided to subsidiaries of JinkoPower amounted to RMB2,177,280, RMB2,177,280 and RMB4,003,674, respectively.

Jinko-Tiansheng is an OEM service provider who provided PV module processing and assembling services to the Group. For the years ended December 31, 2019, 2020 and 2021, Jinko-Tiansheng charged the Group processing fee amounted to RMB39,565,882, RMB27,485,358 and RMB5,309,769, respectively. The Group entered into a share purchase agreement to dispose all of its equity

interest in Jinko-Tiansheng to Jinko-Tiansheng’s other shareholders in November 2021. The carrying value of the Group’s investment in Jinko-Tiansheng which met recognition criteria in ASC 360-10-45-9 was reclassified as a held for sale asset as of December 31, 2021.

In November 2017, the Company entered into an agreement with JinkoPower, which entrusted JinkoPower to exercise certain shareholders’ rights (other than right of profit distribution, right of residual property distribution and right of disposition) in five operating entities of overseas power stations wholly-owned by the Company, enabling JinkoPower to monitor the construction and daily operations of these power stations. The Company retains ownership of these power stations and there exists no call or other rights of JinkoPower. The Company agrees to pay service fees calculated based on the actual costs incurred by JinkoPower during the power stations’ construction period and a fixed amount fee during the operation period. The Company paid RMB76,356,466 (USD11.2 million) in advance and recorded service expenses incurred in the year of 2019, 2020 and 2021 amounted to RMB23,266,889, RMB9,442,936 and RMB8,753,242 as cost of project assets, respectively.

On January 1, 2008, Jiangxi Desun and the Group entered into an operating lease agreement pursuant to which Jiangxi Desun leased its buildings and land use rights to the Group for a ten-year period from January 1, 2008 to December 31, 2017. In 2018, the agreement was extended for another 10 years from January 1, 2018 to December 31, 2027. Jiangxi Desun charged the Group RMB1,100,304 in rent for each of the years ended December 31, 2019 and 2020, respectively. The lease agreement was terminated in 2021 due to Jiangxi Desun’s liquidation. No lease charges from Jianxi Desun for the year ended December 31, 2021.

For the years ended December 31, 2019 and 2020 and 2021, electricity fee charged by subsidiaries of JinkoPower amounted to nil, RMB3,087,690 and RMB7,724,917, respectively.

CERTAIN RISKS AND CONCENTRATION

12 Months Ended

Dec. 31, 2021

CERTAIN RISKS AND CONCENTRATION

CERTAIN RISKS AND CONCENTRATION

29. CERTAIN RISKS AND CONCENTRATION

(a) Concentrations of credit risk

Financial instruments that potentially subject the Group to significant concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, restricted short-term investments, accounts receivable, prepayments and other current assets. As of December 31, 2020 and 2021, substantially all of the Group’s cash and cash equivalents, restricted cash and restricted short-term investments were held by major financial institutions located in the PRC.

The Group is also exposed to the credit and financial risks of its suppliers to which the Group made advances. The Group’s financial condition and results of operations may be materially affected if the suppliers fail to meet their obligations of supplying silicon materials according to the contractually agreed schedules.

(b) Foreign currency risk

The Group has contracts for the sales of products, purchases of materials and equipment which are denominated in foreign currencies, including US Dollars, and Euros. For the year ended December 31, 2021, 75.18% of the Group’s revenues are dominated in foreign currencies, including US Dollars, Euros, Yen, Australian Dollars, Canadian Dollars, South African Rand and Pounds. Renminbi, the functional currency of the Group, is not freely convertible into foreign currencies.

The Group performs ongoing credit evaluations of its customers’ financial condition whenever deemed necessary and generally does not require collateral. The Group maintains an allowance for doubtful accounts based upon the expected collectability of all accounts receivable, which takes into consideration an analysis of historical bad debts, specific customer creditworthiness and current economic trends.

There was no accounts receivable represented by customers with balances over 10% of accounts receivables as of December 31, 2019 2020 and 2021, respectively. In 2019, 2020 and 2021, our largest customer accounted for 10.9%, 5.3% and 4.6% of the Group’ total revenue, respectively.

(d) Interest rate

The Group’s main interest rate exposure relates to long-term borrowings. Any increase in interest rates would increase the Group’s finance expenses relating to our variable rate indebtedness and increase the costs of issuing new debt or refinancing its existing indebtedness.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2021

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

30. COMMITMENTS AND CONTINGENCIES

(a) Capital commitments

The Group entered into several purchase agreements and supplementary agreements with certain suppliers to acquire machineries to be used in the manufacturing of its products. The Group’s total future payments under these purchase agreements amounted to RMB 7,810,275,159 as of December 31, 2021.


Year ending December 31,		RMB
2022		7,029,247,643
2023		781,027,516
Total		7,810,275,159

(b) Contingencies

In November 2018, one of the Group’s customers in Singapore (the “Singapore Customer”) filed two Notices of Arbitration (“NoAs”) in two arbitrations with Arbitration No. ARB374/18/PPD (“ARB 374”) and Arbitration No. ARB375/18/PPD (“ARB 375”), respectively, against Jinko Solar Import & Export Co., Ltd. (“Jinko IE”) at Singapore International Arbitration Centre. These NoAs were subsequently amended by the Singapore Customer, and Jinko IE received the amended Notices of Arbitration from the Singapore Customer on December 20, 2018. The Singapore Customer claimed respectively in ARB 374 and ARB 375 that the photovoltaic solar modules supplied by Jinko IE to the Singapore Customer under the purchase agreement dated December 25, 2012 (“2012 Contract”) and January 28, 2013 (“2013 Contract”) were defective. The Singapore Customer sought, inter alia, orders that Jinko IE replace the modules and/or that Jinko IE compensate the Singapore Customer for any and all losses sustained by the Singapore Customer as a result of the supply of allegedly defective modules. In January 2019, Jinko IE issued its responses to the NoAs in ARB 374 and ARB 375, disputing the Singapore Customer’s reliance on the arbitration clauses in the 2012 Contract and the 2013 Contract, denying all claims raised by the Singapore Customer, and disputing that the Singapore Customer was entitled to the reliefs claimed in the arbitrations. Arbitration tribunals in both ARB 374 and ARB 375 were constituted on September 5, 2019, which directed on January 14, 2020 that (i) the Singapore Customer shall submit its statement of claim in both ARB 374 and ARB 375 and Jinko IE shall submit its statement of defense no later than five months after Singapore Customer’s submission of statement of claim; and (ii) the hearing of the arbitrations shall be bifurcated with the liability issue to be first determined by the tribunals, and then depending on the outcome of the liability issue, the issue of remedies/damages payable to be determined in the subsequent proceedings in such manner as may be directed by the tribunals. On August 7, 2020, the Singapore Customer submitted its statement of claim in both ARB 374 and ARB 375. In the statement of claim, the Singapore Customer maintained its claim that the photovoltaic solar modules supplied by Jinko IE to them under the 2012 Contract and the 2013 Contract were defective, and that Jinko IE should be liable in respect of all the modules supplied under the 2012 Contract and the 2013 Contract. On December 16, 2020, following Jinko IE’s request, the tribunals in both ARB 374 and ARB 375 directed that Jinko IE’s statement of defense should be submitted by February 11, 2021. On February 11, 2021, Jinko IE submitted its statement of defense and relevant evidence. In the statement of defense, Jinko IE (i) requested the tribunal to declare that it lacks jurisdiction over the dispute; and (ii) denied all the Singapore Customer claims and requested the same be dismissed by the tribunal. On February 22, 2021, upon mutual agreement by Jinko IE and the Singapore Customer, the tribunal directed that ARB 374 and ARB 375 should be consolidated. On August 24, 2021, the tribunal decided Jinko IE and the Singapore Customer’ respective Redfern Schedules. On October 5, 2021, Jinko IE and the Singapore Customer exchanged documents pursuant to the tribunal’s decision on the Redfern Schedules. On February 19, 2022, the Singapore Customer filed its Reply Memorial (accompanied by all evidence, including factual exhibits, written witness statements, expert reports and legal authorities relied upon. According to the current schedule, Jinko IE shall submit its Rejoinder Memorial no later than June 19, 2022. Based on the limited information currently available to the company, it is difficult to provide an in-depth assessment of the Singapore Customer’s claims. The Group believes that Jinko IE has reasonable grounds to challenge the Singapore Customer’s claims in the arbitrations on jurisdiction and merits and will vigorously defend against the claims made by the Singapore Customer. Information available prior to issuance of the financial statements did not indicate that it is probable that a liability had been incurred at the date of the financial statements and the Group is also unable to reasonably estimate the range of any liability or reasonably possible loss, if any.

In March 2019, Moura Fábrica Solar – Fabrico e Comércio de Painéis Solares, Lda. (“MFS”) submitted a request for arbitration at International Chamber of Commerce (Case No. 24344/JPA) against Projinko Solar Portugal, Unipessoal Lda (“Projinko”) in connection with dispute arising out of (i) a business unit lease agreement (the “Business Unit Lease Agreement”) entered into on August 23, 2013 between MFS and Jinko Solar (Switzerland) AG (“Jinko Switzerland”), (ii) an assignment agreement dated May 26, 2014, whereby Jinko Switzerland assigned and transferred to Projinko all rights, title, interest, liabilities and obligations under the Business Unit Lease Agreement, and (iii) an amendment agreement relating to the Business Unit Lease Agreement dated December 29, 2015 (the Business Unit Lease Agreement, the assignment agreement and the amendment agreement are collectively referred to as “Lease Agreements”). In order to ensure the performance of parties’ respective obligations under the Lease Agreements, a guarantee from the parent company of MFS, Acciona Energia, S.A.U. and a bank guarantee was granted in favor of Projinko, and a guarantee from the parent company of Projinko, Jiangxi Jinko, and a bank guarantee was also granted in favor of MFS. The notice of request for arbitration had not been duly and effectively served by MFS to Projinko. In July 2019, MFS submitted a request at International Chamber of Commerce to join Jinko Switzerland and Jiangxi Jinko as two additional parties, alleging they were indispensable to the current dispute and claiming against Projinko, Jiangxi Jinko and Jinko Switzerland recovery of two drawdowns by Projinko under the bank guarantee in the amount of EUR1,965,170 and EUR846,604, respectively, with the interests thereon as well as economic damages suffered by MFS as a result thereof.

In September 2019, Jiangxi Jinko and Jinko Switzerland submitted to the International Chamber of Commerce that they rejected to arbitrate any dispute with MFS and were not bound by valid and effective arbitration agreement with MFS; Jiangxi Jinko and Jinko Switzerland also opposed the constitution of an arbitration tribunal and the jurisdiction of any arbitration tribunal that may be constituted in the present case. On July 3, 2020, MFS submitted a statement of claim claiming against Projinko, Jiangxi Jinko and Jinko Switzerland for recovery of two drawdowns by Projinko under the bank guarantee in an aggregated amount of EUR2,812,000, with the interests thereon as well as economic damages suffered by MFS as a result thereof. On September 3, 2020, Projinko, Jiangxi Jinko and Jinko Switzerland submitted their statements of defense requesting the tribunal dismiss all claims made by MFS against Projinko, Jiangxi Jinko and Jinko Switzerland; Projinko also submitted its counterclaim against MFS requesting the tribunal order MFS to pay Projinko EUR1,008,170 plus accrued interest as a recovery of drawdown by MFS under the bank guarantee granted in favor of MFS. On January 12, 2020, pursuant to the parties’ joint request, the tribunal declared the proceedings suspended until further notice to allow for settlement discussions. In March 2021, the parties fully executed settlement agreement for the dispute. According to settlement agreement, the parties automatically and reciprocally release each other from the dispute on the condition that Jinko Switzerland delivers to MFS a payment in the amount of EUR 750,000. In April 2021, Jinko Switzerland made the payment and MFS has confirmed receipt of the same. The parties have provided a letter to the tribunal to withdraw all claims and request the termination of the arbitration proceedings. In Jun 2021, tribunal confirmed that the arbitration proceedings were formally terminated by agreement of all parties per their filed joint letter.

In March 2019, Hanwha Q CELLS (defined below) filed patent infringement lawsuits against the company and a number of the company’s subsidiaries.

(i) Patent infringement lawsuits in the United States:

On March 4, 2019, Hanwha Q CELLS USA Inc. and Hanwha Q CELLS & Advanced Materials Corporation (collectively, “Plaintiffs A”) filed suit against JinkoSolar Holding Co., Ltd and several of its subsidiary entities, i.e. JinkoSolar (U.S.) Inc, Jinko Solar (U.S.) Industries Inc, Jinko Solar Co., Ltd, Zhejiang Jinko Solar Co., Ltd and Jinko Solar Technology Sdn.Bhd (collectively “Respondents”) at the U.S. International Trade Commission (“ITC”). In the complaint, it was alleged that certain photovoltaic solar cells and modules containing these solar cells supplied by the Respondents infringed U.S. Patent No. 9,893,215 purportedly owned by Hanwha Q CELLS & Advanced Materials Corporation and Plaintiffs A requested a permanent limited exclusion order and a cease and desist order be issued against the Respondents’ allegedly infringing products. On March 5, 2019, Hanwha Q CELLS & Advanced Materials Corporation filed a suit against the Respondents before the U.S. District Court for the District of Delaware (“District Court”) alleging that certain photovoltaic solar cells and modules containing these solar cells supplied by the Respondents infringed U.S. Patent No. 9,893,215 allegedly owned by Hanwha Q CELLS & Advanced Materials Corporation and sought reliefs including compensation for alleged infringement activities, enhanced damages and reasonable attorney fees. On April 9, 2019, the ITC published the Notice of Institution on Federal Register. On April 15, 2019, the District Court granted our motion to stay the court litigation pending final resolution of the ITC. On May 3, 2019, the Respondents submitted their response to the complaint of Plaintiffs A to the ITC requesting ITC among other things to deny all relief requested by Plaintiffs A. On September 13, 2019, the Respondents filed motion for summary determination of non-infringement with ITC. On April 10, 2020, the administrative law judge issued the initial determination granting the Respondents’ motion for summary determination of non-infringement. On June 3, 2020, the ITC determined to affirm the initial determination issued by the administrative law judge granting respondents’ motions for summary determination of non-infringement and terminate the investigation (the “Final Determination”). On July 31, 2020, Plaintiffs A

appealed to the Federal Circuit Courts of Appeals against the ITC’s Final Determination. On August 27, 2020, the Respondents filed the motion to intervene of such appeal. Plaintiffs A filed its opening appeal brief in November 2020. The Respondents filed the principal brief in February 2021. On July 12, 2021, the United States Court of Appeals for the Federal Circuit affirmed the ITC’s findings that Respondents’ products do not infringe U.S. Patent No. 9,893,215.

(ii) Patent infringement lawsuits in Germany:

On March 4, 2019, Hanwha Q CELLS GmbH (“Plaintiff B”), filed a patent infringement claim against JinkoSolar GmbH before the Düsseldorf Regional Court in Germany alleging that certain photovoltaic solar cells and modules containing these solar cells supplied by JinkoSolar GmbH infringed EP2 220 689 purportedly owned by Plaintiff B. On April 10, 2019, JinkoSolar GmbH filed the first brief with the court stating JinkoSolar GmbH would defend itself against the complaint. On September 9, 2019, JinkoSolar GmbH filed its statement of defense with the court (the “Statement of Defense”), requesting that the claim be dismissed and that Plaintiff B to bear the costs of the legal dispute. On March 3, 2020, Plaintiff B filed its reply to the Statement of Defense with the court. On April 20, 2020, JinkoSolar GmbH filed its rejoinder with the court commenting on Plaintiff B’s reply on March 3, 2020. On May 5, 2020, the oral hearing regarding the validity of the EP2 220 689, Plaintiff B’s entitlement to sue, and the infringement was held before the Düsseldorf Regional Court. On June 16, 2020, the Düsseldorf Regional Court sided with Plaintiff B and ordered that the third party cell technology contained in certain modules delivered by JinkoSolar GmbH infringes Plaintiff B’s patent (the “Judgment”). JinkoSolar GmbH filed its notice of appeal on July 15, 2020. On September 28, 2020, Plaintiff B has submitted the request for penalty to Düsseldorf Regional Court, claiming that JinkoSolar GmbH violated the Judgment by continuing to promote infringing products and requesting imposition of fines for such violation. On October 16, 2020, JinkoSolar GmbH submitted grounds of appeal to the Düsseldorf Higher Regional Court. JinkoSolar GmbH submitted its response to Plaintiff B’s request for penalty on November 30, 2020. On March 1, 2021, JinkoSolar GmbH submitted appeal joinder to the Düsseldorf Higher Regional Court. On April 6, 2021, JinkoSolar GmbH submitted its second response to Plaintiff B’s request for penalty. On August 23, 2021, Düsseldorf Regional Court dismissed Plaintiff B’s request for penalty.

(iii) Patent infringement lawsuits in Australia:

On March 12, 2019, Hanwha Solutions Corporation (registration no. 110111-0360935) (The plaintiff has been changed from Hanwha Q CELLS & Advanced Materials Corporation to Hanwha Solutions Corporation during the course of the proceedings because of restructuring undertaken by its affiliate(s) in relation to ownership of the patent in suit) and Hanwha Q CELLS Australia Pty Ltd (“Plaintiffs C”, together with Plaintiffs A and Plaintiff B, “Hanwha Q CELLS Plaintiffs”) filed suit at Federal Court of Australia (“FCA”) against Jinko Solar Australia Holdings Co. Pty Ltd (“Jinko AUS”). It was alleged that certain photovoltaic solar cells and modules containing these solar cells supplied by Jinko AUS infringed Australian Patent No. 2008323025 purportedly owned by Plaintiffs C. The FCA served Jinko AUS as the Respondent and the first case management hearing was held on April 12, 2019. The FCA heard the application, and made orders for the conduct of the proceeding at the first case management hearing, following which Jinko AUS submitted its defense and cross-claim to Plaintiffs C’s statement of claim on July 22, 2019. Shortly before the second case management hearing which was held on October 2, 2019, Plaintiffs C requested an amendment to Australian Patent No. 2008323025 (“Amendment Application”), following which FCA directed Plaintiffs C to give discovery and produce documents in respect to the Amendment Application. The third case management hearing was held on December 13, 2019, after which Jinko AUS submitted particulars of opposition to the Amendment Application and requested for further and better discovery in respect to the Amendment Application. The FCA granted Plaintiffs C’s Amendment Application on August 28, 2020. Another case management hearing was held on November 16, 2020 and FCA directed that until March 12, 2021 Jinko AUS to file a precise statement identifying the reasons why certain photovoltaic solar cells and modules supplied by Jinko AUS do not infringe Australian Patent No. 2008323025. Jinko AUS filed its non-infringement statement dated March 9, 2021 with FCA. The next case management hearing will set the matter down for the final hearing for three weeks commencing September 12, 2022.

The Company believes that Hanwha Q CELLS Plaintiffs’ claims in all the above-mentioned cases are lacking legal merit, and will vigorously defend against the claims made by them. The Group is considering all legal avenues including challenging the validity of U.S. Patent No. 9,893,215 (“the ‘215 Patent”), EP 2 220 689 and Australian Patent No. 2008323025 (collectively, the “Asserted Patents”), and demonstrating our non-infringement of the Asserted Patents. On June 3, 2019, the Company filed a petition for inter partes review (“IPR”) of the ‘215 Patent with the U.S. Patent and Trademark Appeal Board (“PTAB”). IPR is a trial proceeding conducted at the PTAB to review the patentability of one or more claims in a patent. On December 10, 2019, the PTAB instituted the IPR proceedings of the patentability of claims 12-14 of the ‘215 patent claims in view of prior art. On September 9, 2020, the Company attended the oral hearing of IPR of the ‘215 patent. On December 9, 2020, the PTAB issued the final decision on the Company’s petition for IPR, finding that all challenged claims 12-14 of the ‘215 patent are unpatentable. On February 8, 2021, the patent owner of ‘215 Patent, Hanwha Solutions Corporation, appealed to the United States Court of Appeals for the Federal Circuit

against such final decision issued by the PTAB (“215 IPR Appeal”). On February 24, 2021, the Company has filed the certificate of interest to participate in 215 IPR Appeal. On May 28, 2021, Hanwha Solutions Corporation filed its opening appeal brief. On July 19, 2021, Hanwha Solutions Corporation filed a motion to remand the case to the United States Patent and Trademark Office. On October 4, 2021, the United States Court of Appeals for the Federal Circuit denied Hanwha Solutions Corporation’s motion to remand. On March 25 and March 26, 2021, the opposition oral hearing regarding the validity of the EP2 220 689 was held before the European Patent Office. During the hearing, the European Patent Office held that the EP2 220 689 was maintained in amended form. An additional hearing is to be held on September 28 and 29, 2022.

On May 7, 2021, one of the company’s Spanish customers (the “Spanish Customer”) submitted a Request for arbitration at International Chamber of Commerce (Case No. 26251/JPA) against Jiangxi Jinko in connection with dispute arising out of a PV Module Sales Contract entered into in August, 2020 (“Contract”). In the Request, X-Elio’s claims are based on (1) Jiangxi Jinko's alleged breaches of the Contract by being unable to deliver the goods at the initially agreed shipping dates and price; (2) the subsequent termination of the Contract by the Spanish Customer; (3) alleged replacement purchases the Spanish Customer has made to replace the goods originally ordered from Jiangxi Jinko; and (4) alleged further costs and other indirect damages purportedly incurred by the Spanish Customer as a consequence of Jiangxi Jinko 's alleged breaches and relating to the PV plant in Australia for which the goods had been intended. On July 21, 2021, Jiangxi Jinko submitted the Answer to the Request and Counterclaim, denying that the Spanish Customer is entitled to the relief it requests and raising a counterclaim for damages its loss of profit as well as wasted costs expended in reliance on the performance of the Contract. On January 28, 2022, the tribunal confirmed the Terms of Reference and Procedural Order No.1 signed by the Spanish Customer and Jiangxi Jinko, according to which, except any extension granted by the tribunal, (1) the Spanish Customer will submit Statement of Claim before April 6, 2022 and Jiangxi Jinko will submit Statement of Defense and Counterclaim before June 6, 2022, (2) the Spanish Customer will submit Statement of Reply and Defense to Counterclaim before September 6, 2022, Jiangxi Jinko will submit Statement of Rejoinder and Reply on Counterclaim before November 4, 2022 and the Spanish Customer will submit Rejoinder on Counterclaim before December 19 2022, (3) the hearing will be held during the week of April 17, 2023. On April 6, 2022, the Spanish Customer submitted Statement of Claim, which maintained the claims as the Request and additionally claimed the legal interest accrued on the amounts requested. As of the date of the issuance of the financial statements, this case is still at a preliminary stage and based on the information currently available, the company does not believe that it is probable that Jiangxi Jinko has incurred a loss. Additionally, because of the preliminary stage of this matter, the company is unable to estimate an amount of reasonably possible loss or range of loss.

Information available prior to issuance of the financial statements did not indicate that it is probable that a liability had been incurred at the date of the financial statements and the Company was also unable to reasonably estimate the range of any liability or reasonably possible loss, if any.

Upon the disposition of JinkoPower, the Company provided the loan guarantee and redemption guarantee to JinkoPower (Note 28).

The Company provided a debt payment guarantee in connection with a loan facility granted to Sweihan PV Power Company P.J.S.C (“Sweihan”), equity investee of the Company for developing overseas solar power project, in a maximum aggregate principal amount not exceeding USD42.9 million. At the same time, pursuant to the shareholders agreement, the Company together with another shareholder of Sweihan, shall enable Sweihan to repay the loan facility in full. The loan was repaid by Sweihan in 2019.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2021

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

31. FAIR VALUE MEASUREMENTS

A hierarchy is established for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability, developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. As such, fair value is a market-based measure considered from the perspective of a market participant who holds the asset or owes the liability rather than an entity-specific measure. The hierarchy is broken down into three levels based on the reliability of inputs as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs other than the quoted price in active markets that are observable either directly or indirectly, or quoted prices in less active markets; and (Level 3) unobservable inputs with respect to which there is little or no market data, which require the Company to develop its own assumptions. Fair value of cash equivalents, restricted cash and restricted short-term investment are categorized as level 1 under the fair value hierarchy, as they based on quoted prices in active markets. Short-term borrowings and long-term borrowing are categorized as level 2 under the fair value hierarchy, as they based on quoted prices in less active markets.

Fair value change in forward contracts and foreign exchange options

The Company has entered into foreign exchange forward contracts with local banks to reduce the exposure of significant changes in exchange rates between Renminbi and foreign currencies. Authoritative guidance requires companies to recognize all of the derivative financial instruments as either assets or liabilities at fair value in the consolidated balance sheets based upon quoted market prices for comparable instruments. The Company’s forward contracts have not met the criteria for hedge accounting within authoritative guidance. Therefore, the foreign exchange forward contracts have been recorded at fair value, with the gain or loss on these transactions recorded in the consolidated statements of operations within “Change in fair value of foreign exchange forward contracts” in the period in which they occur. The Company does not use derivative financial instruments for trading or speculative purposes. The Company held foreign exchange forward contracts with a total notional value of USD 800 million and USD 630 million, EUR 100 million and EUR 20 million as of December 31, 2020 and 2021, respectively. These foreign exchange forward contracts mature within 12 months. The Company used a discounted cash-flow methodology to measure fair value, which requires inputs such as interest yield curves and foreign exchange rates. The significant inputs used in the aforementioned model can be corroborated with market observable data and therefore the fair value measurements are classified as level 2. Typically, any losses or gains on the forward exchange contracts are offset by re-measurement losses or gains on the underlying balances denominated in non-functional currencies. The Company’s foreign currency exchange contract is an over-the-counter instrument. The Company recorded gain from change in fair value of foreign exchange forward contracts of RMB288.9 million during the year of 2021, compared to gain of RMB191.2 million in the year of 2020. The change was primarily due to the depreciation of the U.S. dollars against the RMB during the year of 2021.

The Group classified the cash flows related to realized gain or loss on settlement of foreign exchange forward contracts as operating activities, which are based on the nature of the cash flows the derivative is economically hedging.

The Company sold foreign exchange option contracts with a total notional value of nil, USD170 million and USD90 million without entering into any new contracts during the years ended December 31, 2019, 2020 and 2021, respectively. These foreign exchange options mature within 12 months. The Company adopted the Black-Scholes Option Pricing (“B-S”) Model to value the foreign exchange options. The significant inputs used in the aforementioned model are unobservable inputs which there are little or no market data and therefore the fair value measurements are classified as level 3.

The foreign exchange option is asset derivatives which need to be fair valued on day one and marked to market subsequently at each reporting period end. The fair value gain or loss arising from the re-measurement is recognized in the consolidated statements of operations and comprehensive income. The fair value change was a loss of RMB0.3 million, RMB3.6 million and a gain of RMB18.8 million for the year ended December 31, 2019, 2020 and 2021.

Convertible Senior Notes and Call Option

The Company has adopted valuation models to assess the fair value for Call option and the Notes, as the Call option is not publicly traded and the trading of the Notes is considered inactive. Management is responsible for determining these fair values and assessing a number of factors. The Notes is valued using the Binominal Tree option pricing model. The valuation involves complex and subjective judgments as well as the Company’s best estimates on the valuation date. Inputs related to the Binomial models for convertible debt fair value are: spot price, conversion price, expected dividend yield, expected share volatility, risk free interest rate,

and yield-to-maturity, of which spot price and expected share volatility are most significant to valuation determination of convertible debt. The Call option is valued using the Black-Scholes Model. The valuation involves complex and subjective judgments as well as the Company’s best estimates on the valuation date. Inputs related to the Black-Scholes Models for call option fair value are: call option price, spot price, exercise price, expected dividend yield, risk-free interest rate and time to maturity, of which spot price and exercise price are most significant to valuation determination of call option. The Company recorded gain form change in fair value of convertible senior notes and call option of RMB191.6 million during the year of 2021, compared to losses from change in fair value of convertible senior notes and call option of RMB725.8 million during the year of 2020. The change was primarily due to a decrease in the Company’s stock price in 2021.

Interest Rate Swap

The Company’s exposure to the risk of changes in market interest rates primarily relates to its bank borrowings. To finance its overseas power station business operation and expansion, the Company’s operating subsidiaries located in Mexico obtained long-term bank borrowings from local bank, which carries variable interest rates. With an aim to reduce its interest rate exposure, the Company entered into one long-term interest rate swap contract in 2016 to fix the interest rate as a fixed rate payer. The interest rate swap is a derivative which needs to be fair valued at each reporting period end. The fair value gain or loss arising from the measurement is recognized in the consolidated statements of operations. The fair value change was a loss of RMB69,974,512 and a loss of RMB78,878,089 for the years ended December 31, 2019 and 2020, respectively. The Company sold its solar power plants in Mexico in March 2020.

The Company solar project subsidiary located in Argentina entered into interest rate swap contracts to swap floating interest payments related to certain borrowings for fixed interest payments to hedge the interest rate risk associated with certain forecasted payments and obligations. As the abovementioned interest rate derivatives were designated as cash flow hedges and the hedge is highly effective, all changes in the fair value of the derivative hedging instruments amounted to RMB12,294,252 were recorded in other comprehensive income and as a derivative liability included in the held-for-sale liabilities.

Guarantee liability

A guarantee liability is initially recognized at the estimated fair value in the Group’s consolidated balance sheets unless it becomes probable that the Group will reimburse the holder of the guarantee for an amount higher than the carrying amount, in which case the guarantee is carried in the Group’s consolidated balance sheets at the expected amount payable to the holder. The fair value of the guarantee liability is measured by the total consideration to be received in connection with the provision of guarantee. The guarantee liability would be amortized in straight line during the guarantee period.

Recurring change in fair value

As of December 31, 2020 and 2021, information about the hierarchy of the fair value measurements for the Company’s assets and liabilities that are measured at fair value on a recurring basis subsequent to their initial recognition is as follows:


	Fair Value Measurements at Reporting Date Using
		Quote prices in
	Balance as of	active market	Significant other	Significant
	December 31,	for identical	observable	unobservable
Description	2020	assets (Level 1)	inputs (Level 2)	inputs (Level 3)
Assets:
Foreign exchange forward contracts- receivable	183,146,199	—	183,146,199	—
Call options	756,929,181	—	—	756,929,181

Liabilities:
Convertible senior notes	1,831,612,124	—	—	1,831,612,124
Guarantee liabilities	57,331,674	—	—	57,331,674
Foreign exchange forward contracts- payable	4,970,902	—	4,970,902	—
Foreign exchange options	12,923,817	—	—	12,923,817


	Fair Value Measurements at Reporting Date Using
		Quote prices in
	Balance as of	active market	Significant other	Significant
	December 31,	for identical	observable	unobservable
Description	2021	assets (Level 1)	inputs (Level 2)	inputs (Level 3)
Assets:
Foreign exchange forward contracts- receivable	73,532,113	—	73,532,113	—

Liabilities:
Convertible senior notes	1,098,736,489	—	—	1,098,736,489
Guarantee liabilities	12,142,387	—	—	12,142,387
Derivative liability interest rate swap	12,294,252	—	—	12,294,252
Foreign exchange options	2,659,203	—	—	2,659,203

Assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3 valuation)

A summary of changes in Level 3 fair value of convertible senior notes for the year ended December 31, 2019, 2020 and 2021 were as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	68,632	728,215,869	1,831,612,124
Issuance of convertible senior notes	585,301,500	—	—
Foreign exchange loss/(gain)	7,675,500	(38,359,987)	(8,559,149)
Change in fair value of convertible senior notes loss/(gain)	114,149,092	1,202,082,070	(327,761,941)
Change in the instrument-specific credit risk loss/(gain)	21,089,777	(60,325,828)	(56,224,381)
Conversion of convertible senior notes	—	—	(340,330,164)
Repurchase of convertible senior notes	(68,632)	—	—
Balance on December 31,	728,215,869	1,831,612,124	1,098,736,489

A summary of changes in Level 3 fair value of call option for the year ended December 31, 2019, 2020 and 2021 were as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	—	294,177,634	756,929,181
Issuance of call options	206,577,000	—	—
Foreign exchange gain/(loss)	2,709,000	(13,539,000)	250,942
Change in fair value of call options gain/(loss)	84,891,634	476,290,547	(136,121,171)
Settlement of call options	—	—	(621,058,952)
Balance on December 31,	294,177,634	756,929,181	—

A summary of changes in Level 3 fair value of foreign exchange options for the year ended December 31, 2019, 2020 and 2021 were as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	846,718	—	(12,923,817)
Addition of foreign exchange options	—	(9,316,000)	(8,544,149)
Cash Settlement	(516,012)	—	—
Change in fair value of foreign exchange options gain/(loss)	(330,706)	(3,607,817)	18,808,763
Balance on December 31,	—	(12,923,817)	(2,659,203)

A summary of changes in Level 3 fair value of rate swap derivative for the year ended December 31, 2019, 2020 and 2021 were as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	12,786,001	61,271,965	—
Change in fair value of interest rate swap	69,974,512	78,878,089	—
Change in fair value of interest rate swap cash flow hedges	—	—	12,294,252
Cash settlement	(21,488,548)	(140,150,054)	—
Balance on December 31,	61,271,965	—	12,294,252

A summary of changes in Level 3 fair value of guarantee liabilities for the year ended December 31, 2019, 2020 and 2021 were as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	92,404,068	72,019,365	57,331,674
Additions	2,164,200	—	—
Amortization	(18,574,433)	(14,687,691)	(6,364,065)
Cancellation	(3,974,470)	—	(38,825,222)
Balance on December 31,	72,019,365	57,331,674	12,142,387

Change in fair value of derivatives

The Change in fair value of derivatives recognized in earnings was as follows:


	Foreign exchange forward		Type of derivatives
For the year ended	contracts		Convertible	Interest		Foreign exchange
December 31,	Realized	Unrealized	senior notes	Rate swap	Call option	options	Total
In RMB)
2019	(126,708,753)	48,425,227	(114,149,092)	(69,974,512)	84,891,634	(330,706)	(177,846,202)
2020	61,379,585	129,806,218	(1,202,082,070)	(78,878,089)	476,290,547	(3,607,817)	(617,091,626)
2021	393,523,468	(104,643,184)	327,761,941	—	(136,121,171)	18,808,763	499,329,817

Significant unobservable inputs

The significant unobservable inputs adopted in the valuation of Level 3 instruments as of December 31, 2021 are as follows:


Unobservable inputs of convertible senior notes
Expected volatility	85.94	%
Risk free interest rate	0.82	%
Discount rate	28.16	%


Unobservable input of call option
Spot price		45.96


Unobservable inputs of foreign exchange option
Expected volatility	3.75%-5.96	%
Risk free interest rate	0.06%-0.21	%


Unobservable input of guarantee liabilities
Discount rate	5.39	%

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

RESTRICTED NET ASSETS

12 Months Ended

Dec. 31, 2021

RESTRICTED NET ASSETS

RESTRICTED NET ASSETS

32. RESTRICTED NET ASSETS

Relevant PRC laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of their retained earnings, if any, as determined in accordance with PRC GAAP. In addition, the statutory general reserve fund requires annual appropriations of 10% of net after-tax income to be set aside prior to payment of any dividends by the Company’s PRC subsidiaries that are registered as wholly owned foreign investment enterprises or domestic enterprises. As a result of these and other restrictions under PRC laws and regulations, the PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the Company either in the form of dividends, loans or advances. Even though the Company does not currently require any such dividends, loans or advances from the Company’s PRC subsidiaries for working capital or other funding purposes, it may in the future require additional cash resources from the PRC subsidiaries due to changes in business conditions, to fund future acquisitions and development, or merely declare dividends or make distributions to the Company’s shareholders.

Restricted net assets were RMB15,831,879,360 representing 111% of the Company’s total consolidated net assets as of December 31, 2021.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2021

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

33. SUBSEQUENT EVENTS

The Group adopted its 2022 Equity Incentive Plan on February 14, 2022 which provided for the issuance of restricted shares of 12,000,000 ordinary shares.

Jiangxi Jinko, completed its initial public offering (“IPO”) and started trading on the Shanghai Stock Exchange’s Sci-Tech innovation board (SSE, code: 688223) on January 26, 2022. Jiangxi Jinko issued 2,000,000,000 shares representing approximately 20% of the total 10,000,000,000 shares outstanding after the IPO. The shares were issued at a public offering price of RMB5.00 per share and the total gross proceeds of the IPO are approximately RMB10.0 billion. After the IPO, the Group owns approximately 58.62% of Jiangxi Jinko and the net income to be allocated to non-controlling interests will increase as a result of this transaction.

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY

12 Months Ended

Dec. 31, 2021

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY

34. ADDITIONAL INFORMATION – CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY

The separate condensed financial statements of the Company as presented below have been prepared in accordance with Securities and Exchange Commission Regulation S-X Rule 5-04 and Rule 12-04 and present the Company’s investments in its subsidiaries under the equity method of accounting. Such investment is presented on separate condensed balance sheets of the Company as “Investments in subsidiaries “ and the Company’s shares of the profit or loss of subsidiaries are presented as “Share of (loss) / income from subsidiaries” in the statements of operations.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company.


	For the year ended December 31
	2019	2020	2021
	RMB	RMB	RMB	USD
				(note 2 (al))
Net revenue	—	—	—	—
Cost of revenues	—	—	—	—

Gross profit	—	—	—	—

Total operating income/(expenses)	474,214	1,227,529	(6,150,177)	(965,097)

Other income, net	8,922,475	5,063,775	1,737,212	272,606

Income/(loss) from operations	9,396,689	6,291,304	(4,412,965)	(692,491)

Convertible senior notes issuance costs	(18,646,101)	—	—	—
Share of income from subsidiaries and affiliates	911,593,940	1,015,006,438	512,872,649	80,480,910

Interest income, net	8,421,898	8,596,365	36,612,599	5,745,316
Exchange gain/(loss)	17,153,258	(73,717,931)	(14,083,811)	(2,210,057)
Change in fair value of convertible senior notes and call option	(29,257,458)	(725,791,523)	191,640,770	30,072,619
Income before income taxes	898,662,226	230,384,653	722,629,242	113,396,296
Income tax expenses	—	—	(1,611,332)	(252,853)
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders	898,662,226	230,384,653	721,017,910	113,143,443

Condensed balance sheets:


	December 31, 2020	December 31, 2021
	RMB	RMB	USD
			(note 2 (al))
ASSETS
Current assets:
Cash and cash equivalent	19,507,224	34,767,102	5,455,717
Due from subsidiaries	2,773,032,001	2,532,984,389	397,480,524
Due from related parties	6,098,994	3,454,360	542,064
Other current assets	650,764,989	1,560,896	244,939
Total current assets	3,449,403,208	2,572,766,747	403,723,244
Investments in subsidiaries	9,029,027,056	9,781,035,595	1,534,857,922
Due from subsidiaries – non-current	—	1,262,124,346	198,054,852
Due from related parties - non current	44,539,659	3,291,940	516,577
Call Option	756,929,181	—	—
Other non-current assets	11,180,965	—	—
Total assets	13,291,080,069	13,619,218,628	2,137,152,595

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Due to subsidiaries	1,445,300,432	1,445,183,180	226,780,777
Due to related parties	2,780,831	2,500,484	392,380
Other current liabilities	11,396,726	13,375,769	2,098,950
Convertible senior notes	1,831,612,124	—	—
Total current liabilities	3,291,090,113	1,461,059,433	229,272,107
Due to related parties – non-current	12,145,682	9,641,903	1,513,025
Convertible senior notes	—	1,098,736,489	172,415,731
Total liabilities	3,303,235,795	2,569,437,825	403,200,863

Shareholders’ equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 190,380,309 and 193,770,753 shares issued as of December 31, 2020 and December 31, 2021, respectively, 187,434,469 and 190,824,913 shares outstanding as of December 31, 2020 and December 31, 2021, respectively.)	26,052	26,491	4,157
Additional paid-in capital	5,251,244,630	5,617,922,528	881,574,636
Statutory reserves	692,008,508	700,244,270	109,883,606
Accumulated other comprehensive loss	(128,615,450)	(154,375,168)	(24,224,833)
Treasury stock, at cost; 2,945,840 ordinary shares as of December 31, 2020 and December 31, 2021	(43,169,878)	(43,169,878)	(6,774,296)
Retained earnings	4,216,350,412	4,929,132,560	773,488,462
Total shareholders’ equity	9,987,844,274	11,049,780,803	1,733,951,732

Total liabilities and shareholders’ equity	13,291,080,069	13,619,218,628	2,137,152,595

The current balances of due from subsidiaries represented loans to its subsidiaries which are expected to be collected within twelve months. Non-current balances due from subsidiaries represented loans to its subsidiaries which are not expected to be collected with twelve months.

Other current assets mainly represented options receivables.

Other non-current assets mainly represented deposit of Call options.

The balance due to subsidiaries represented cash collection on behalf of subsidiaries in relation to the Company’s disposition of downstream solar power business.

Other current liabilities represented accrual for unpaid convertible senior notes interest and professional service fees.

Condensed statements of cash flows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB	USD
				(note 2 (al))
Cash flows from operating activities:
Net income	898,662,226	230,384,653	721,017,910	113,143,443
Adjustments to reconcile net income to net cash used in operating activities:
Issuance cost paid for issuance of convertible senior notes	18,646,101	—	—	—
Change in fair value of convertible senior notes	114,149,092	1,202,082,070	(327,761,941)	(51,433,001)
Change in fair value of call option	(84,891,634)	(476,290,547)	136,121,171	21,360,382
Share of income from subsidiaries	(911,593,940)	(1,015,006,438)	(512,872,649)	(80,480,910)
Guarantee income	(8,922,475)	(5,063,775)	—	—
Exchange (gain)/loss	(17,153,258)	73,717,931	14,083,811	2,210,057
Changes in operating assets and liabilities:
(Increase)/decrease in due from subsidiaries	(871,067,726)	592,424,888	6,088,026	955,346
(Increase)/decrease in other current assets	(110,110)	(9,437,209)	165,307	25,940
Decrease in other non-current assets	—	—	11,180,965	1,754,537
Decrease in due to subsidiaries	(14,890,886)	(658,106,245)	(117,252)	(18,399)
Increase in other current liabilities	1,096,958	9,772,273	1,979,043	310,555
Net cash (used in)/provided by operating activities	(876,075,652)	(55,522,399)	49,884,391	7,827,950

Cash flows from investing activities:
Cash paid for call option	(216,905,850)	—	—	—
Cash paid for loans to subsidiaries	—	—	(1,262,124,346)	(198,054,852)
Net cash used in investing activities	(216,905,850)	—	(1,262,124,346)	(198,054,852)

Cash flows from financing activities:
Proceeds from exercise of share options	38,245,122	114,758,281	10,185,136	1,598,270
Proceeds from exercise of call option	—	—	621,058,952	97,457,702
Repurchase of convertible senior notes	(68,632)	—	—	—
Proceeds from issuance of convertible senior notes	585,301,500	—	—	—
Proceeds from issuance of ordinary shares	488,950,795	—	641,065,394	100,597,150
Repurchase of shares	—	(29,294,325)	—	—
Issuance cost paid for issuance of convertible senior notes	(18,646,101)	—	—	—
Net cash provided by financing activities	1,093,782,684	85,463,956	1,272,309,482	199,653,122

Effect of foreign exchange rate changes on cash and cash equivalents	245,789	(14,991,165)	(44,809,649)	(7,031,612)

Net increase in cash and cash equivalents	1,046,971	14,950,392	15,259,878	2,394,608
Cash and cash equivalents, beginning of year	3,509,861	4,556,832	19,507,224	3,061,109

Cash and cash equivalents, end of year	4,556,832	19,507,224	34,767,102	5,455,717

Supplemental disclosure of non-cash investing and financing cash flow information
Proceeds from exercise of share options received in subsequent period	40,338,943	9,142,819	1,169,427	183,509
Receivables related to At-The-Market offering	—	641,065,394	—	—

PRINCIPAL ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2021

PRINCIPAL ACCOUNTING POLICIES

Basis of presentation and use of estimates

a. Basis of presentation and use of estimates

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Consolidation

b. Consolidation

Foreign currency translation

c. Foreign currency translation

Cash, cash equivalents and restricted cash

d. Cash, cash equivalents and restricted cash

Cash and cash equivalents represent cash on hand and demand deposits placed with banks or other financial institutions, which have original maturities of three months or less.

Cash, cash equivalents and restricted cash as reported in the consolidated statement of cash flows are presented separately on our consolidated balance sheet as follows:


	As of December 31,
	2020	2021
	RMB	RMB
Cash and cash equivalents	7,481,678,114	8,321,415,455
Restricted cash	593,093,671	602,044,348
Cash and cash equivalents included in held-for-sale assets	—	173,786,646
Total	8,074,771,785	9,097,246,449

Restricted short-term investments

e. Restricted short-term investments

Notes receivable and payable

f. Notes receivable and payable

The Group also issues bank acceptance notes to its suppliers in China in the normal course of business. The Group classifies the changes in notes payable as financing activities.

Notes receivable and payable are typically non-interest bearing and have maturities of less than six months.

Derivative Instruments

g. Derivative Instruments

Current expected credit losses

h. Current expected credit losses

Accounts receivable

i. Accounts receivable

Advances to suppliers

j. Advances to suppliers

Inventories

k. Inventories

Property, plant and equipment, net

l. Property, plant and equipment, net

Buildings		20 years
Machinery and equipment		5~10 years
Furniture, fixture and office equipment		3~5 years
Motor vehicles		4~5 years

Project Assets, net

m. Project Assets, net

Assets held for sale

n. Assets held for sale

Long-lived assets to be sold are classified as held for sale when the following recognition criteria in ASC 360-10-45-9 are met:

¨ Management, having the authority to approve the action, commits to a plan to sell the asset.

¨ The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets.

¨ An active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated.

¨ The sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale, within one year,

¨ The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value.

¨ Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

Interest Capitalization

o. Interest Capitalization

Land use rights and land lease

p. Land use rights and land lease

(a) Land use rights

(b) Land lease

Accordingly, land leases are classified as operating leases.

Intangible assets

q. Intangible assets

Intangible assets include purchased software and fees paid to register trademarks and are amortized on a straight-line basis over their estimated useful lives, which are 5 or 10 years, respectively.

Business combination and assets acquisition

r. Business combination and assets acquisition

Investments in affiliates and other equity securities

s. Investments in affiliates and other equity securities

The Group’s investments include equity method investments and equity securities without readily determinable fair values.

Impairment of long-lived assets

t. Impairment of long-lived assets

Leases

u. Leases

Guarantees

v. Guarantees

Receivables have also been recorded for the guarantee payments to be received (Note 28).

Pursuant to the master service agreement signed with JinkoPower, guarantee service fee is settled on an annual basis.

Revenue recognition

w. Revenue recognition

On January 1, 2018, the Company adopted revenue guidance ASC Topic 606, “Revenue from Contracts with Customers” (“ASC 606”).

The total amounts of retainage that were not recognized as revenue were RMB55,582,550, RMB26,758,010 and RMB23,721,049 as of December 31, 2019, 2020 and 2021, respectively.

The Company’s accounting practices under ASC Topic 606, “Revenue from Contracts with Customers” are as followings:

(a) Revenue recognition on product sales

Practical expedients and exemption

(b) Sales of solar projects

(d) Revenue on processing services

Segment report

x. Segment report

Cost of revenue

y. Cost of revenue

Cost of revenue for sales of photovoltaic products includes production and indirect costs, as well as shipping and handling costs for raw materials purchase and provision for inventories.

Warranty cost

z. Warranty cost

Movement of accrued warranty cost


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	656,677,245	751,440,343	892,130,740
Additions	303,652,391	363,159,029	390,238,953
Utilization	(85,035,667)	(98,525,648)	(170,776,360)
Reversal to selling and marketing expense	(123,853,626)	(123,942,984)	(103,788,113)
At end of year	751,440,343	892,130,740	1,007,805,220

Shipping and handling

aa. Shipping and handling

Research and development

ab. Research and development

Research and development costs are expensed when incurred.

Start-up costs

ac. Start-up costs

Income Taxes

ad. Income Taxes

Commitments and Contingencies

ae. Commitments and Contingencies

Fair value of financial instruments

af. Fair value of financial instruments

Government grants

ag. Government grants

govern the criteria necessary for companies to enjoy such benefits and the amount of financial subsidy is determined at the discretion of the relevant government authorities.

Repurchase of share

ah. Repurchase of share

Statutory reserves

ai. Statutory reserves

For the years ended December 31, 2019, 2020 and 2021, the Group made total appropriations to statutory reserves of RMB119,530,534, RMB2,301,771 and RMB8,235,762, respectively.

Earnings/(Loss) per share

aj. Earnings/(Loss) per share

Share-based compensation

ak. Share-based compensation

over the period during which an employee is required to provide service in exchange for the award, which is generally the vesting period.

Other comprehensive income

al. Other comprehensive income

Convenience translation

am. Convenience translation

Recent accounting pronouncements

an. Recent accounting pronouncements

New Accounting Standards Adopted

New Accounting Standards Not Yet Adopted

exceptions provided in ASU 2020-04 are effective for the Company as of March 12, 2020 through December 31, 2022. The Company is currently evaluating the impact of ASU 2020-04.

ORGANIZATION AND NATURE OF OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2021

ORGANIZATION AND NATURE OF OPERATIONS

Schedule of Subsidiaries


	Date of
	Incorporation	Place of	Percentage
Subsidiaries	/Acquisition	Incorporation	of ownership

JinkoSolar Investment Limited. (“Paker”)	November 10, 2006	Hong Kong	100	%

Jinko Solar Co., Ltd. (“Jiangxi Jinko”)	December 13, 2006	PRC	73	%

Zhejiang Jinko Solar Co., Ltd. (“Zhejiang Jinko”)	June 30, 2009	PRC	73	%

Jinko Solar Import and Export Co., Ltd. (“Jinko Import and Export”)	December 24, 2009	PRC	73	%

JinkoSolar GmbH (“Jinko GmbH”)	April 1, 2010	Germany	73	%

Zhejiang Jinko Trading Co., Ltd. (“Zhejiang Trading”)	June 13, 2010	PRC	73	%

Xinjiang Jinko Solar Co., Ltd. (“Xinjiang Jinko”)	May 30, 2016	PRC	73	%

Yuhuan Jinko Solar Co., Ltd. (“Yuhuan Jinko”)	July 29, 2016	PRC	73	%

JinkoSolar (U.S.) Inc. (“Jinko US”)	August 19, 2010	USA	73	%

Jiangxi Photovoltaic Materials Co., Ltd. (“Jiangxi Materials”)	December 1, 2010	PRC	73	%

JinkoSolar (Switzerland) AG (“Jinko Switzerland”)	May 3, 2011	Switzerland	73	%

JinkoSolar (US) Holdings Inc. (“Jinko US Holding”)	June 7, 2011	USA	73	%

JinkoSolar Italy S.R.L. (“Jinko Italy”)	July 8, 2011	Italy	73	%

Jinko Solar Canada Co., Ltd. (“Jinko Canada”)	November 18, 2011	Canada	73	%

Jinko Solar Australia Holdings Co. Pty Ltd. (“Jinko Australia”)	December 7, 2011	Australia	73	%

Jinko Solar Japan K.K. (“JinkoSolar Japan”)	May 21, 2012	Japan	73	%


	Date of
	Incorporation	Place of	Percentage
Subsidiaries	/Acquisition	Incorporation	of ownership

Jinko Solar (Shanghai) Management Co., Ltd.	July 25, 2012	PRC	73	%

Wide Wealth Group Holding Limited. (“Wide Wealth Hong Kong”)	June 11, 2012	Hong Kong	100	%

Canton Best Limited (“Canton Best BVI”)	September 16, 2013	BVI	100	%

Jinko Solar Technology Sdn.Bhd.	January 21, 2015	Malaysia	73	%

JinkoSolar International Development Limited.	August 28, 2015	Hong Kong	100	%

JinkoSolar Middle East DMCC (“DMCC”)	November 6, 2016	Emirates	73	%

JinkoSolar Trading Privated Limited.	February 6, 2017	India	73	%

JinkoSolar LATAM Holding Limited.	August 22, 2017	Hong Kong	100	%

JinkoSolar (U.S.) Industries Inc.	November 16, 2017	USA	73	%

JinkoSolar Technology (Haining) Co., Ltd. (“Haining Jinko”)*	December 15, 2017	PRC	51	%

Poyang Ruilixin Information Technology Co., Ltd.	December 19, 2017	PRC	73	%

Jinko Solar Korea Co., Ltd. (“Jinko Korea”)	December 3, 2018	Korea	73	%

JinkoSolar (Sichuan) Co., Ltd. (“Jinko Sichuan”)*	February 18, 2019	PRC	48	%

JinkoSolar (Qinghai) Co., Ltd. (“Jinko Qinghai”)*	April 3, 2019	PRC	40	%

Rui Xu Co., Ltd. (“Rui Xu”)*	July 24, 2019	PRC	44	%

JinkoSolar (Yiwu) Co., Ltd. (“Jinko Yiwu”)*	September 19, 2019	PRC	40	%

Jinko PV Material Supply SDN. BHD	September 23, 2019	Malaysia	73	%

JinkoSolar (Vietnam) Co., Ltd.	September 26, 2019	Vietnam	73	%

JinkoSolar (Chuzhou) Co., Ltd. (“Jinko Chuzhou”)*	December 26, 2019	PRC	40	%

Zhejiang New Materials Co., Ltd.	March 24, 2020	PRC	73	%

JinkoSolar (Shangrao) Co., Ltd. (“Jinko Shangrao”)*	April 17, 2020	PRC	40	%

Jinko Solar Denmark ApS	May 28, 2020	Denmark	73	%

JinkoSolar Hong Kong Limited	August 17, 2020	Hong Kong	73	%

Jinko Solar (Malaysia) SDN BHD	August 28, 2020	Malaysia	73	%

JinkoSolar (Chuxiong) Co., Ltd. (“Jinko Chuxiong”)	September 25, 2020	PRC	73	%

Yiwu New Materials Co., Ltd. (“Yiwu Materials”)	October 24, 2020	PRC	73	%

Jinko Solar (Vietnam) Industries Company Limited.	March 29, 2021	Vietnam	73	%

JinkoSolar (Leshan) Co., Ltd. (“Jinko Leshan”)	April 25, 2021	PRC	73	%

JinkoSolar (Anhui) Co., Ltd. (“Jinko Anhui”)	September 3, 2021	PRC	73	%

JinkoSolar (Yushan) Co., Ltd. (“Jinko Yushan”)	September 26, 2021	PRC	59	%

PRINCIPAL ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

PRINCIPAL ACCOUNTING POLICIES

Schedule of cash, cash equivalents and restricted cash as reported in the consolidated statement of cash flows


	As of December 31,
	2020	2021
	RMB	RMB
Cash and cash equivalents	7,481,678,114	8,321,415,455
Restricted cash	593,093,671	602,044,348
Cash and cash equivalents included in held-for-sale assets	—	173,786,646
Total	8,074,771,785	9,097,246,449

Schedule of property plant and equipment useful life

Buildings		20 years
Machinery and equipment		5~10 years
Furniture, fixture and office equipment		3~5 years
Motor vehicles		4~5 years

Schedule of accrued warranty cost


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	656,677,245	751,440,343	892,130,740
Additions	303,652,391	363,159,029	390,238,953
Utilization	(85,035,667)	(98,525,648)	(170,776,360)
Reversal to selling and marketing expense	(123,853,626)	(123,942,984)	(103,788,113)
At end of year	751,440,343	892,130,740	1,007,805,220

REVENUES (Tables)

12 Months Ended

Dec. 31, 2021

REVENUES

Schedule of Revenues by Product

The Group’s revenues for the respective periods are detailed as follows:


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Sales of solar modules	28,344,380,913	32,556,394,365	37,737,382,637
Sales of solar projects	—	1,197,712,617	—
Sales of silicon wafers	913,702,864	452,141,442	1,152,055,480
Sales of solar cells	282,407,099	344,509,546	606,581,781
Sales of other solar materials	155,742,512	478,184,047	1,043,759,602
Processing service fees	—	—	186,045,239
Revenue from generated electricity	50,054,371	100,516,599	100,696,367
Total	29,746,287,759	35,129,458,616	40,826,521,106

Schedule of Revenues by Geographic Area

The following table summarizes the Group’s net revenues generated in respective region:


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Inside China (including Hong Kong and Taiwan)	5,195,021,423	6,370,974,981	10,134,888,460
North America	7,550,454,941	10,098,115,960	6,621,798,500
Europe	5,201,919,985	4,644,486,810	7,481,580,825
Asia Pacific	7,304,164,060	9,603,210,650	10,239,162,220
Rest of the world	4,494,727,350	4,412,670,215	6,349,091,101
Total	29,746,287,759	35,129,458,616	40,826,521,106

INTEREST EXPENSE, NET (Tables)

12 Months Ended

Dec. 31, 2021

INTEREST EXPENSE, NET

Interest Income and Interest Expense Disclosure


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Interest expenses	605,882,474	705,158,872	878,908,327
Less: Interest capitalization	(43,841,311)	(29,306,768)	(40,587,682)
Less: Interest income	(170,984,099)	(216,618,294)	(214,291,207)
Amortization of bond issuance costs	525,000	—	—
Total	391,582,064	459,233,810	624,029,438

OTHER INCOME, NET (Tables)

12 Months Ended

Dec. 31, 2021

OTHER INCOME, NET

Schedule of Other Nonoperating Income (Expense)


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Guarantee income	18,574,433	14,687,691	6,364,065
Donations	(701,000)	(12,395,500)	(4,453,015)
Total	17,873,433	2,292,191	1,911,050

TAXATION (Tables)

12 Months Ended

Dec. 31, 2021

TAXATION

Schedule of Earnings Before Income Taxes


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Cayman Islands	(22,036,601)	(784,811,121)	199,956,441
PRC	498,042,536	444,368,215	1,120,666,809
Other countries	775,180,276	906,814,798	(230,720,446)
Income before income taxes	1,251,186,211	566,371,892	1,089,902,804

Schedule of Current and Deferred Income Taxes


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Current income tax (expenses)/benefits
PRC	(25,562,374)	26,472,926	(280,877,271)
Other countries	39,207,147	(110,725,623)	(175,632,918)
Total current income tax benefits/(expenses)	13,644,773	(84,252,697)	(456,510,189)
Deferred tax (expenses)/benefits
PRC	38,736,514	(7,435,771)	77,741,387
Other countries	(330,360,288)	(86,722,312)	184,628,654
Total deferred tax (expenses)/benefits	(291,623,774)	(94,158,083)	262,370,041
Income tax expenses, net	(277,979,001)	(178,410,780)	(194,140,148)

Schedule of Income Tax Rate Reconciliation


	For the year ended December 31,
	2019	2020	2021
	%	%	%
Statutory CIT rate	25.0	25.0	25.0
Effect of permanent differences:
—Share-based compensation expenses	0.1	0.1	0.1
—Change in fair value of convertible senior notes and call options	0.6	32.0	(4.4)
—Accrued payroll and welfare expenses	0.5	0.4	0.1
—Change of enacted tax rate	0.7	(7.2)	2.1
—Other non-deductible expenses including tax preferences	(7.0)	(6.6)	(1.8)
Difference in tax rate of subsidiaries outside the PRC	4.5	(3.1)	2.2
Effect of tax holiday for subsidiaries	(4.6)	(7.8)	(12.9)
Change in valuation allowance	2.4	(1.3)	7.4
Effective tax rate	22.2	31.5	17.8

Schedule of Aggregate Amount and Per Share Effect of Reduction of CIT


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
The aggregate amount of effect*	57,373,029	44,190,456	140,234,962
Per share effect—basic	0.34	0.25	0.74
Per share effect—diluted **	0.34	0.25	0.68

* Increase of the aggregated amount of effect in 2021 was mainly attributable to more profit generated by the Groups PRC subsidiaries with preferential tax rates.

Schedule of Noncurrent Deferred Tax Assets


	As of December 31,
	2020	2021
	RMB	RMB
Net operating losses	166,093,004	473,366,650
Accrued warranty costs	206,022,708	216,937,669
Provision for inventories, accounts receivable, other receivable	84,101,028	101,594,985
Timing difference for revenue recognition of retainage contract	5,797,569	—
Other temporary differences	20,366,550	40,189,249
Impairment for property, plant and equipment and project assets	24,871,785	100,859,570
Total deferred tax assets	507,252,644	932,948,123
Less: Valuation allowance	(136,847,274)	(217,123,698)
Less: Deferred tax liabilities in the same tax jurisdiction	(115,297,938)	(344,057,016)
Deferred tax assets	255,107,432	371,767,409

Timing difference for project assets, property, plant and equipment	(308,201,462)	(375,498,775)
Timing difference for refund of countervailing duties	(134,682,972)	(144,923,075)
Other temporary differences	(1,126,697)	(6,638,295)
Total deferred tax liabilities	(444,011,131)	(527,060,145)
Less: Deferred tax assets in the same tax jurisdiction	115,297,938	344,057,016
Deferred tax liabilities	(328,713,193)	(183,003,129)

Schedule of Movement of Valuation Allowances


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	(114,620,700)	(144,316,817)	(136,847,274)
Current year additions	(62,415,889)	(37,426,345)	(88,666,645)
Utilization and reversal of valuation allowances	32,719,772	44,895,888	8,390,221
At end of year	(144,316,817)	(136,847,274)	(217,123,698)

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES (Tables)

12 Months Ended

Dec. 31, 2021

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES

Schedule of Accounts Receivable


	As of December 31,
	2020	2021
	RMB	RMB
Accounts receivables - current	4,828,118,154	7,794,173,603
Allowance for doubtful accounts - current	(293,359,875)	(323,070,723)
Accounts receivable, net - current	4,534,758,279	7,471,102,880

Accounts receivables – non-current	27,543,511	28,185,718
Allowance for doubtful accounts – non-current	(1,138,553)	(561,765)
Accounts receivable, net – non-current	26,404,958	27,623,953

Schedule of Movement of Allowance for Doubtful Accounts


	As of December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	256,605,518	318,197,517	293,359,875
Impact of adopting ASC Topic 326	—	(30,915,517)	—
Addition	166,432,303	26,581,139	91,948,207
Reversal	(104,840,304)	(20,503,264)	(24,213,485)
Write off	—	—	(38,023,874)
At end of year	318,197,517	293,359,875	323,070,723


	As of December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	—	—	1,138,553
Impact of adopting ASC Topic 326	—	—	—
Addition	—	1,138,553	—
Reversal	—	—	(576,788)
At end of year	—	1,138,553	561,765

NOTES RECEIVABLE, NET-THIRD PARTIES (Tables)

12 Months Ended

Dec. 31, 2021

NOTES RECEIVABLE, NET-THIRD PARTIES

Schedule of Notes receivable, net-third parties


	As of December 31,
	2020	2021
	RMB	RMB
Notes receivable	1,051,743,491	1,690,141,974
Provision for notes receivable	(182,338)	(1,039,900)
Notes receivable, net	1,051,561,153	1,689,102,074

Schedule of Movement of Allowance for notes recievable


	As of December 31,
	2019	2020	2021
	RMB	RMB	RMB
At beginning of year	—	—	182,338
Impact of adopting ASC Topic 326	—	223,000	—
Addition	—	—	857,562
Reversal	—	(40,662)	—
At end of year	—	182,338	1,039,900

ADVANCES TO SUPPLIERS, NET - THIRD PARTIES (Tables)

12 Months Ended

Dec. 31, 2021

ADVANCES TO SUPPLIERS, NET - THIRD PARTIES

Schedule of Advances to Suppliers


	As of December 31,
	2020	2021
	RMB	RMB
Advances to suppliers - current	1,008,557,523	1,536,154,555
Advances to suppliers – non-current	—	296,709,363
Provision for advances to suppliers	(5,944,440)	—
Advances to suppliers, net	1,002,613,083	1,832,863,918

INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2021

INVENTORIES

Schedule of Inventories


	As of December 31,
	2020	2021
	RMB	RMB
Raw materials	2,362,396,325	3,761,044,855
Work-in-progress	1,059,864,518	2,623,043,767
Finished goods	4,954,674,986	6,868,263,204
Total	8,376,935,829	13,252,351,826

PREPAYMENTS AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

PREPAYMENTS AND OTHER CURRENT ASSETS

Schedule of prepayments and other current assets


	As of December 31,
	2020	2021
	RMB	RMB
Value-added tax deductible (a)	1,228,162,128	1,705,159,390
Deposit for customer duty, bidding and others	308,375,568	142,442,456
Prepayment for income tax	272,139,601	129,930,632
Receivables related to disposal of Property, plant and equipment (b)	92,734,513	111,803,786
Receivables related to discount from a supplier	36,376,908	110,050,019
Prepayment of electricity and others	202,359,031	91,333,536
Prepaid insurance premium	9,095,273	6,674,545
Employee advances (c)	5,385,718	6,274,473
Rental deposit and prepayment	5,517,324	3,606,294
Receivable of option exercised	9,142,819	1,169,427
Prepaid professional service fee	400,157	306,799
Loan receivable (d)	75,930,094	—
Receivables related to At-The-Market offering (e)	641,065,394	—
Others	143,495,852	131,826,220
Less: Allowance for doubtful accounts	(9,588,242)	(5,521,143)
Total	3,020,592,138	2,435,056,434

(a)	Value-added tax deductible represented the balance that the Group can utilize to deduct its value-added tax liability within the next 12 months.

(b)	Represented the receivables related to the disposition of certain equipment for the purpose of upgrading manufacturing facilities.

(c)	As of December 31, 2020 and 2021, all of the employee advances were business related, interest-free, not collateralized and will be repaid or settled within one year from the respective balance sheet dates.

(d)

(e)	In December 2020, the Company completed to sell 5,976,272 ordinary shares (1,494,068 ADSs) through its at-the-market offering and was entitled to receive proceeds of USD98.25 million after deducting commissions and offering expense. All of the proceeds were received in January 2021.

Summary of the activity in the allowance for credit losses related to prepayments and other current assets


		For year ended December 31,
		2021
		RMB
At beginning of year		9,588,242
Impact of adopting ASC Topic 326		—
Addition		4,068,382
Reverse		(8,135,481)
At end of year		5,521,143

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2021

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment


	As of December 31,
	2020	2021
	RMB	RMB
Buildings	4,396,121,001	6,875,071,926
Machinery and equipment	10,322,000,488	14,199,961,036
Motor vehicles	58,256,515	71,836,921
Furniture, fixture and office equipment	834,725,017	1,408,296,466
	15,611,103,021	22,555,166,349
Less: Accumulated depreciation	(3,863,719,503)	(5,232,341,976)
Subtotal	11,747,383,518	17,322,824,373
Construction in progress	708,060,041	2,647,069,356
Property, plant and equipment, net	12,455,443,559	19,969,893,729

PROJECT ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2021

PROJECT ASSETS, NET

Schedule of project assets and related accumulated depreciation


	As of December 31,
	2020	2021
	RMB	RMB
Project assets	724,335,851	—
Less: Accumulated depreciation	(78,981,128)	—
Project assets, net	645,354,723	—

LAND USE RIGHTS, NET (Tables)

12 Months Ended

Dec. 31, 2021

LAND USE RIGHTS, NET

Schedule of Land Use Rights


	As of December 31,
	2020	2021
	RMB	RMB
Land use rights	849,542,147	1,196,668,009
Less: accumulated amortization	(88,580,563)	(106,611,329)
Land use rights, net	760,961,584	1,090,056,680

INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2021

INTANGIBLE ASSETS, NET

Schedule of Intangible Assets


	As of December 31,
	2020	2021
	RMB	RMB
Trademark	1,581,860	1,581,860
Computer software	63,945,339	94,711,625
Less: accumulated amortization	(29,689,551)	(40,809,003)
Intangible assets, net	35,837,648	55,484,482

OTHER ASSETS -THIRD PARTIES (Tables)

12 Months Ended

Dec. 31, 2021

OTHER ASSETS - THIRD PARTIES

Schedule of Other Assets


	As of December 31,
	2020	2021
	RMB	RMB
Prepayments for purchase of property, plant and equipment	884,611,325	1,859,171,734
Refund receivable of U.S. countervailing duties and anti-dumping duties	571,394,376	580,058,369
Deposit for rent and others	79,281,354	175,297,194
Prepayment for warranty insurance premium	112,884,194	111,537,184
Prepayment of income tax attributable to intercompany transactions	31,816,215	16,158,693
Deferred losses related to sale-leaseback transactions before January 1, 2019 (Note 21)	98,660,496	—
Less: Allowance for credit losses	(849,093)	(3,063,785)
Total	1,777,798,867	2,739,159,389

Summary of activity in allowance for credit losses related to deposits


		For the year ended December 31,
		2021
		RMB
At beginning of year		849,093
Impact of adopting ASC Topic 326		—
Addition		2,214,692
Reversal		—
At end of year		3,063,785

OTHER PAYABLES AND ACCRUALS (Tables)

12 Months Ended

Dec. 31, 2021

OTHER PAYABLES AND ACCRUALS

Schedule of Other Payables and Accruals


	As of December 31,
	2020	2021
	RMB	RMB
Payables for purchase of property, plant and equipment	1,973,618,323	3,073,625,166
Freight payables	505,793,582	858,026,515
Accrued utilities, rentals and interest	338,652,891	424,436,045
Customs duties	255,616,292	157,655,482
Accrued warranty cost	122,799,090	149,164,034
Value-added tax and other tax payables	38,709,295	74,784,440
Commission payables	90,591,153	24,859,928
Contracted labor fees	18,351,990	24,392,464
Accrued professional service fees	11,434,943	19,739,189
Insurance premium payables	6,811,786	6,838,565
Others	46,015,997	30,560,958
Total	3,408,395,342	4,844,082,786

BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2021

BORROWINGS

Schedule of Short-term Borrowings


	As of December 31,
	2020	2021
	RMB	RMB
Short-term borrowings	7,556,938,793	11,967,826,525
Long-term borrowings—current portion	681,591,988	1,371,540,168
Total short-term borrowings	8,238,530,781	13,339,366,693

Schedule of Type of Short-term Borrowings

Details of the Group’s short-term borrowings as of December 31, 2021 are:


Type of loan	As of December 31, 2021	Guarantee/Collateral
Credit loan	1,065,630,732		a)
Letter of credit loan	5,997,919,685		a)
	338,268,877	Guaranteed by JinkoSolar Holding	b)
	20,000,000	Guaranteed by JinkoSolar Holding and Jiangxi Jinko	b)
	99,055,301	Guaranteed by JinkoSolar Holding and Zhejiang Jinko	b)
	88,080,340	Guaranteed by JinkoSolar Holding and certain shareholders of the Group	b)
Guaranteed by	854,248,094	Guaranteed by Jiangxi Jinko	b)
subsidiaries of	46,223,825	Guaranteed by Jiangxi Jinko and Haining Jinko	b)
the Group and third	100,000,000	Guaranteed by Jiangxi Jinko and certain shareholders of the Group	b)
parties and/or	859,940,981	Guaranteed by Zhejiang Jinko	b)
collateralized on	688,534,968	Guaranteed by Jiangxi Heji Investment Co., Ltd	b)
the Group’s assets	163,154,163	Guaranteed by China Export & Credit Insurance Corporation	b)
	1,272,284,205	Financings associated with failed sale-leaseback transactions	c)
	1,746,025,522	Guaranteed and collateralized on buildings, equipment and other assets of the Group and shareholders of the Group	d)
Total	13,339,366,693

RMB859,940,981 guaranteed by Zhejiang Jinko, RMB688,534,968 guaranteed by Jiangxi Heji Investment Co., LTD, and RMB163,154,163 guaranteed by China Export & Credit Insurance Corporation, respectively.

c)	As of December 31, 2021, the Group recorded financings associated with failed sale-lease back transactions with the amount of RMB1,484,167,300 under long-term borrowings, and RMB1,272,284,205 as current portion (Note 21).

Schedule of Long-term Borrowings


	As of December 31,
	2020	2021
	RMB	RMB
Long-term bank borrowings	938,717,151	590,013,307
Long-term financings associated with failed sale-leaseback transactions	907,448,923	2,756,451,505
Other long-term borrowings	6,136,961,743	7,921,529,893
Less: Current portion of long-term borrowings	(190,243,717)	(99,255,963)
Less: Current portion of financings associated with failed sale-leaseback transactions	(491,348,271)	(1,272,284,205)
Total long-term borrowings	7,301,535,829	9,896,454,537

Schedule of Long-term Future Principal Repayments


Year ending December 31,		RMB
Year ended December 31
2022		1,371,540,169
2023		1,013,159,057
2024		1,950,722,831
2025		2,202,257,762
2026		3,981,444,540
Thereafter		748,870,346
Total		11,267,994,705

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Sale Leaseback Transaction [Line Items]

Schedule of balances for the operating and finance leases where the Group is the lessee

The balances for the operating and finance leases where the Group is the lessee are presented as follows:


	2020	2021
	December 31	December 31
	RMB	RMB
Operating leases:
Operating lease liabilities - current	48,244,010	62,515,082
Operating lease liabilities - non-current	277,239,113	385,419,556
Total operating lease liabilities	325,483,123	447,934,638
Operating lease right-of-use assets, net	316,512,346	438,271,327

Financing leases:
Financing lease liabilities - current	272,329,554	194,939,003
Financing lease liabilities - non-current	313,087,663	236,373,848
Total financing lease liabilities	585,417,217	431,312,851
Financing lease right-of-use assets, net	829,122,192	628,592,051

Schedule of components of lease expenses


	2020	2021
	December 31	December 31
	RMB	RMB
Operating leases:
Operating lease liabilities - current	48,244,010	62,515,082
Operating lease liabilities - non-current	277,239,113	385,419,556
Total operating lease liabilities	325,483,123	447,934,638
Operating lease right-of-use assets, net	316,512,346	438,271,327

Financing leases:
Financing lease liabilities - current	272,329,554	194,939,003
Financing lease liabilities - non-current	313,087,663	236,373,848
Total financing lease liabilities	585,417,217	431,312,851
Financing lease right-of-use assets, net	829,122,192	628,592,051

Schedule of maturities of finance lease liabilities


Year ending December 31,		RMB
Year ended December 31,
2022		293,713,789
2023		293,566,891
2024		115,718,983
Thereafter		304,302,371
Total undiscounted lease payments		1,007,302,034
Less: imputed interest		128,054,545
Total lease liabilities		879,247,489

Schedule of maturities of operating lease liabilities


Year ending December 31,		RMB
Year ended December 31,
2022		296,765,232
2023		293,566,891
2024		115,718,983
Thereafter		304,302,371
Total minimum lease payments		1,010,353,477

Property, plant and equipment


	As of December 31,
	2020	2021
	RMB	RMB
Buildings	4,396,121,001	6,875,071,926
Machinery and equipment	10,322,000,488	14,199,961,036
Motor vehicles	58,256,515	71,836,921
Furniture, fixture and office equipment	834,725,017	1,408,296,466
	15,611,103,021	22,555,166,349
Less: Accumulated depreciation	(3,863,719,503)	(5,232,341,976)
Subtotal	11,747,383,518	17,322,824,373
Construction in progress	708,060,041	2,647,069,356
Property, plant and equipment, net	12,455,443,559	19,969,893,729

Machinery And Equipment Under Lease [Member]

Sale Leaseback Transaction [Line Items]

Property, plant and equipment


	As of December 31,
	2020	2021
	RMB	RMB
Equipment	1,072,214,761	—
Less: accumulated depreciation	(243,092,569)	—
Net Value	829,122,192	—

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE

Schedule of Earnings Per Share


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Numerator:
Net income	924,352,495	335,255,274	955,571,509
Less: Net income attributable to non-controlling interests	25,690,269	104,870,621	234,553,599
Net income attributable to JinkoSolar’s ordinary shareholders	898,662,226	230,384,653	721,017,910
Dilutive effects of Convertible senior notes	—	—	(308,338,513)
Dilutive effects of call option	(91,066,662)	(462,751,547)	—
Numerator for diluted income/(loss) per share	807,595,564	(232,366,894)	412,679,397

Denominator:
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding	169,363,306	178,938,853	190,672,869
Dilutive effects of share options	1,909,930	—	540,620
Dilutive effects of Convertible notes	—	—	14,506,283
Dilutive effects of call option	(4,705,479)	(7,500,000)	—

Denominator for diluted calculation - weighted average number of ordinary shares outstanding	166,567,757	171,438,853	205,719,772
Basic earnings per share attributable to JinkoSolar’s ordinary shareholders	5.31	1.29	3.78
Diluted earnings/(loss) per share attributable to JinkoSolar’s ordinary shareholders	4.85	(1.36)	2.01

SHARE BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

SHARE BASED COMPENSATION

Summary of Stock Option Activity


	Number of		Weighted-average
	option	Weighted-average	remaining	Aggregate
	outstanding	exercise price	contractual term	intrinsic value
		(USD/share)	(in years)	(RMB)
Balance as of December 31, 2018	8,453,372	3.34	5.80	152,447
Granted	—	—
Exercise	(3,378,060)	3.35
Forfeited	(520.024)	3.29
Balance as of December 31, 2019	4,555,288	3.34	4.73	73,353,508
Granted	—	—
Exercise	(3,750,540)	3.32
Forfeited	(88,000)	3.29
Balance as of December 31, 2020	716,748	3.46	4.25	58,835,911
Granted	—	—	—	—
Exercise	(105,200)	3.29	—	—
Forfeited	(264,012)	3.29	—	—
Balance as of December 31, 2021	347,536	3.65	3.84	17,372,963

Vested as of December 31, 2021	347,536	3.65	3.84	17,372,963
Vested and exercisable as of December 31, 2021	347,536	3.65	3.84	17,372,963

Schedule of Expense Allocation


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Costs of revenues	(771,464)	328,549	130,954
Selling expenses	3,424,973	461,567	130,954
General and administrative expenses	1,140,815	145,835	9,622,182
Research and development expenses	783,991	(13,083)	—
Total	4,578,315	922,868	9,884,090

Schedule of non vested restricted stock units


	Number of restricted shares	Weighted average grant
	outstanding	date fair value
		(RMB)
Unvested as of January 1, 2021	—	—
Granted	354,000	86.38
Vested	(35,400)	86.38
Unvested as of December 31, 2021	318,600	86.38

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of related party balances


	2020	2021
	December 31	December 31
	RMB	RMB
Accounts receivable from related parties:
Accounts receivable from JinkoPower for sales of solar modules and others	376,719,310	29,417,134
Accounts receivable from Sweihan PV Power Company P.S.J.C (“Sweihan PV”, which develops and operates solar power projects in Dubai)	33,638,826	—
Subtotal	410,358,136	29,417,134
Notes receivables from a related party:
Notes receivables from JinkoPower	33,001,402	—

Other receivables from related parties:
Prepayments to JinkoPower for outsourcing services	20,609,442	11,990,502
Other receivables from JinkoPower for miscellaneous transactions	3,146,781	5,357,546
Subtotal	23,756,223	17,348,048
Other assets from a related party:
Guarantee receivables due from JinkoPower	107,318,909	3,291,940

Accounts payable due to a related party:
Accounts payable due to Jinko-Tiansheng	14,113,577	15,863,346

Other payables due to related parties:
Other payables due to JinkoPower for payments on behalf of the Company	71,240,329	2,229,986
Other payables to Jiangxi Desun Energy Co., Ltd.(“Jiangxi Desun”, an entity in which our founders and substantial shareholders, Xiande Li, Kangping Chen and Xianhua Li, each holds more than 10%, and collectively hold 73%, of the equity interest) for leasing of land and buildings	275,075	—
Subtotal	71,515,404	2,229,986

(1)	Balances due to related parties are interest-free, not collateralized, and have no definitive repayment terms.

(2)	As of December 31, 2020 and 2021, bank deposits of the Group with the amount of RMB17.7 million and nil were pledged for certain loans of JinkoPower, respectively.

(3)	On March 30, 2021, the Company signed an agreement to offset the debts and receivables between the Group and JinkoPower with the aggregate amount of RMB71.0 million.

Schedule of Transactions with Related Parties


	For the years ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Revenue from sales of products and providing services to related parties
Revenue from sales of products to Sweihan PV	144,287,938	51,201,037	—
Income of financing guarantees	18,574,433	14,687,691	6,364,065
Revenue from sales of products to JinkoPower	7,812,477	5,072,143	27,098,993
Income of project management provided to Sweihan PV	—	3,721,149	659,847
Rental services provided to JinkoPower	2,177,280	2,177,280	4,003,674

Service expenses provided by related parties
Processing fee of OEM service charged by Jiangsu Jinko-Tiansheng	39,565,882	27,485,358	5,309,769
Solar project management service provided by JinkoPower	23,266,889	9,442,936	8,753,242
Rental services provided by Jiangxi Desun	1,100,304	1,100,304	—
Electricity fee charged by JinkoPower	—	3,087,690	7,724,917
Construction service of solar project provided by JinkoPower	8,935,653	—	—
Other fees charged by JinkoPower	—	—	16,038

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2021

COMMITMENTS AND CONTINGENCIES

Schedule of Long-term Purchase Commitment


Year ending December 31,		RMB
2022		7,029,247,643
2023		781,027,516
Total		7,810,275,159

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Schedule of Investments Measured at Fair Value on Recurring Basis


	Fair Value Measurements at Reporting Date Using
		Quote prices in
	Balance as of	active market	Significant other	Significant
	December 31,	for identical	observable	unobservable
Description	2020	assets (Level 1)	inputs (Level 2)	inputs (Level 3)
Assets:
Foreign exchange forward contracts- receivable	183,146,199	—	183,146,199	—
Call options	756,929,181	—	—	756,929,181

Liabilities:
Convertible senior notes	1,831,612,124	—	—	1,831,612,124
Guarantee liabilities	57,331,674	—	—	57,331,674
Foreign exchange forward contracts- payable	4,970,902	—	4,970,902	—
Foreign exchange options	12,923,817	—	—	12,923,817


	Fair Value Measurements at Reporting Date Using
		Quote prices in
	Balance as of	active market	Significant other	Significant
	December 31,	for identical	observable	unobservable
Description	2021	assets (Level 1)	inputs (Level 2)	inputs (Level 3)
Assets:
Foreign exchange forward contracts- receivable	73,532,113	—	73,532,113	—

Liabilities:
Convertible senior notes	1,098,736,489	—	—	1,098,736,489
Guarantee liabilities	12,142,387	—	—	12,142,387
Derivative liability interest rate swap	12,294,252	—	—	12,294,252
Foreign exchange options	2,659,203	—	—	2,659,203

Schedule of Reconciliation of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	68,632	728,215,869	1,831,612,124
Issuance of convertible senior notes	585,301,500	—	—
Foreign exchange loss/(gain)	7,675,500	(38,359,987)	(8,559,149)
Change in fair value of convertible senior notes loss/(gain)	114,149,092	1,202,082,070	(327,761,941)
Change in the instrument-specific credit risk loss/(gain)	21,089,777	(60,325,828)	(56,224,381)
Conversion of convertible senior notes	—	—	(340,330,164)
Repurchase of convertible senior notes	(68,632)	—	—
Balance on December 31,	728,215,869	1,831,612,124	1,098,736,489

A summary of changes in Level 3 fair value of call option for the year ended December 31, 2019, 2020 and 2021 were as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	—	294,177,634	756,929,181
Issuance of call options	206,577,000	—	—
Foreign exchange gain/(loss)	2,709,000	(13,539,000)	250,942
Change in fair value of call options gain/(loss)	84,891,634	476,290,547	(136,121,171)
Settlement of call options	—	—	(621,058,952)
Balance on December 31,	294,177,634	756,929,181	—

A summary of changes in Level 3 fair value of foreign exchange options for the year ended December 31, 2019, 2020 and 2021 were as follows:


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	846,718	—	(12,923,817)
Addition of foreign exchange options	—	(9,316,000)	(8,544,149)
Cash Settlement	(516,012)	—	—
Change in fair value of foreign exchange options gain/(loss)	(330,706)	(3,607,817)	18,808,763
Balance on December 31,	—	(12,923,817)	(2,659,203)

Schedule of Change in Fair Value of rate swap Derivatives


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	12,786,001	61,271,965	—
Change in fair value of interest rate swap	69,974,512	78,878,089	—
Change in fair value of interest rate swap cash flow hedges	—	—	12,294,252
Cash settlement	(21,488,548)	(140,150,054)	—
Balance on December 31,	61,271,965	—	12,294,252

Schedule of Change in Fair Value of Derivatives


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB
Balance on January 1,	92,404,068	72,019,365	57,331,674
Additions	2,164,200	—	—
Amortization	(18,574,433)	(14,687,691)	(6,364,065)
Cancellation	(3,974,470)	—	(38,825,222)
Balance on December 31,	72,019,365	57,331,674	12,142,387


	Foreign exchange forward		Type of derivatives
For the year ended	contracts		Convertible	Interest		Foreign exchange
December 31,	Realized	Unrealized	senior notes	Rate swap	Call option	options	Total
In RMB)
2019	(126,708,753)	48,425,227	(114,149,092)	(69,974,512)	84,891,634	(330,706)	(177,846,202)
2020	61,379,585	129,806,218	(1,202,082,070)	(78,878,089)	476,290,547	(3,607,817)	(617,091,626)
2021	393,523,468	(104,643,184)	327,761,941	—	(136,121,171)	18,808,763	499,329,817

Level 3

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Summary of significant unobservable inputs adopted in the valuation of Level 3 instruments


Unobservable inputs of convertible senior notes
Expected volatility	85.94	%
Risk free interest rate	0.82	%
Discount rate	28.16	%


Unobservable input of call option
Spot price		45.96


Unobservable inputs of foreign exchange option
Expected volatility	3.75%-5.96	%
Risk free interest rate	0.06%-0.21	%


Unobservable input of guarantee liabilities
Discount rate	5.39	%

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Tables)

12 Months Ended

Dec. 31, 2021

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT

Condensed Statements of Operations


	For the year ended December 31
	2019	2020	2021
	RMB	RMB	RMB	USD
				(note 2 (al))
Net revenue	—	—	—	—
Cost of revenues	—	—	—	—

Gross profit	—	—	—	—

Total operating income/(expenses)	474,214	1,227,529	(6,150,177)	(965,097)

Other income, net	8,922,475	5,063,775	1,737,212	272,606

Income/(loss) from operations	9,396,689	6,291,304	(4,412,965)	(692,491)

Convertible senior notes issuance costs	(18,646,101)	—	—	—
Share of income from subsidiaries and affiliates	911,593,940	1,015,006,438	512,872,649	80,480,910

Interest income, net	8,421,898	8,596,365	36,612,599	5,745,316
Exchange gain/(loss)	17,153,258	(73,717,931)	(14,083,811)	(2,210,057)
Change in fair value of convertible senior notes and call option	(29,257,458)	(725,791,523)	191,640,770	30,072,619
Income before income taxes	898,662,226	230,384,653	722,629,242	113,396,296
Income tax expenses	—	—	(1,611,332)	(252,853)
Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders	898,662,226	230,384,653	721,017,910	113,143,443

Condensed Balance Sheets


	December 31, 2020	December 31, 2021
	RMB	RMB	USD
			(note 2 (al))
ASSETS
Current assets:
Cash and cash equivalent	19,507,224	34,767,102	5,455,717
Due from subsidiaries	2,773,032,001	2,532,984,389	397,480,524
Due from related parties	6,098,994	3,454,360	542,064
Other current assets	650,764,989	1,560,896	244,939
Total current assets	3,449,403,208	2,572,766,747	403,723,244
Investments in subsidiaries	9,029,027,056	9,781,035,595	1,534,857,922
Due from subsidiaries – non-current	—	1,262,124,346	198,054,852
Due from related parties - non current	44,539,659	3,291,940	516,577
Call Option	756,929,181	—	—
Other non-current assets	11,180,965	—	—
Total assets	13,291,080,069	13,619,218,628	2,137,152,595

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Due to subsidiaries	1,445,300,432	1,445,183,180	226,780,777
Due to related parties	2,780,831	2,500,484	392,380
Other current liabilities	11,396,726	13,375,769	2,098,950
Convertible senior notes	1,831,612,124	—	—
Total current liabilities	3,291,090,113	1,461,059,433	229,272,107
Due to related parties – non-current	12,145,682	9,641,903	1,513,025
Convertible senior notes	—	1,098,736,489	172,415,731
Total liabilities	3,303,235,795	2,569,437,825	403,200,863

Shareholders’ equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 190,380,309 and 193,770,753 shares issued as of December 31, 2020 and December 31, 2021, respectively, 187,434,469 and 190,824,913 shares outstanding as of December 31, 2020 and December 31, 2021, respectively.)	26,052	26,491	4,157
Additional paid-in capital	5,251,244,630	5,617,922,528	881,574,636
Statutory reserves	692,008,508	700,244,270	109,883,606
Accumulated other comprehensive loss	(128,615,450)	(154,375,168)	(24,224,833)
Treasury stock, at cost; 2,945,840 ordinary shares as of December 31, 2020 and December 31, 2021	(43,169,878)	(43,169,878)	(6,774,296)
Retained earnings	4,216,350,412	4,929,132,560	773,488,462
Total shareholders’ equity	9,987,844,274	11,049,780,803	1,733,951,732

Total liabilities and shareholders’ equity	13,291,080,069	13,619,218,628	2,137,152,595

Condensed Cash Flows


	For the year ended December 31,
	2019	2020	2021
	RMB	RMB	RMB	USD
				(note 2 (al))
Cash flows from operating activities:
Net income	898,662,226	230,384,653	721,017,910	113,143,443
Adjustments to reconcile net income to net cash used in operating activities:
Issuance cost paid for issuance of convertible senior notes	18,646,101	—	—	—
Change in fair value of convertible senior notes	114,149,092	1,202,082,070	(327,761,941)	(51,433,001)
Change in fair value of call option	(84,891,634)	(476,290,547)	136,121,171	21,360,382
Share of income from subsidiaries	(911,593,940)	(1,015,006,438)	(512,872,649)	(80,480,910)
Guarantee income	(8,922,475)	(5,063,775)	—	—
Exchange (gain)/loss	(17,153,258)	73,717,931	14,083,811	2,210,057
Changes in operating assets and liabilities:
(Increase)/decrease in due from subsidiaries	(871,067,726)	592,424,888	6,088,026	955,346
(Increase)/decrease in other current assets	(110,110)	(9,437,209)	165,307	25,940
Decrease in other non-current assets	—	—	11,180,965	1,754,537
Decrease in due to subsidiaries	(14,890,886)	(658,106,245)	(117,252)	(18,399)
Increase in other current liabilities	1,096,958	9,772,273	1,979,043	310,555
Net cash (used in)/provided by operating activities	(876,075,652)	(55,522,399)	49,884,391	7,827,950

Cash flows from investing activities:
Cash paid for call option	(216,905,850)	—	—	—
Cash paid for loans to subsidiaries	—	—	(1,262,124,346)	(198,054,852)
Net cash used in investing activities	(216,905,850)	—	(1,262,124,346)	(198,054,852)

Cash flows from financing activities:
Proceeds from exercise of share options	38,245,122	114,758,281	10,185,136	1,598,270
Proceeds from exercise of call option	—	—	621,058,952	97,457,702
Repurchase of convertible senior notes	(68,632)	—	—	—
Proceeds from issuance of convertible senior notes	585,301,500	—	—	—
Proceeds from issuance of ordinary shares	488,950,795	—	641,065,394	100,597,150
Repurchase of shares	—	(29,294,325)	—	—
Issuance cost paid for issuance of convertible senior notes	(18,646,101)	—	—	—
Net cash provided by financing activities	1,093,782,684	85,463,956	1,272,309,482	199,653,122

Effect of foreign exchange rate changes on cash and cash equivalents	245,789	(14,991,165)	(44,809,649)	(7,031,612)

Net increase in cash and cash equivalents	1,046,971	14,950,392	15,259,878	2,394,608
Cash and cash equivalents, beginning of year	3,509,861	4,556,832	19,507,224	3,061,109

Cash and cash equivalents, end of year	4,556,832	19,507,224	34,767,102	5,455,717

Supplemental disclosure of non-cash investing and financing cash flow information
Proceeds from exercise of share options received in subsequent period	40,338,943	9,142,819	1,169,427	183,509
Receivables related to At-The-Market offering	—	641,065,394	—	—

ORGANIZATION AND NATURE OF OPERATIONS (Details)	1 Months Ended		3 Months Ended										12 Months Ended
ORGANIZATION AND NATURE OF OPERATIONS (Details)	Oct. 31, 2020 CNY (¥)	Oct. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Jun. 30, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 CNY (¥)	Sep. 30, 2018 CNY (¥)	Jun. 30, 2018 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2016 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)
Business Acquisition [Line Items]
Equity Method Investment, Amount Sold																	¥ 99,800,000
Proceeds from Divestiture of Interest in Consolidated Subsidiaries															¥ 48,078,440		198,291,138
Revenues													¥ 40,826,521,106	$ 6,406,572,060	35,129,458,616		29,746,287,759
Cost of Revenue													¥ 34,168,686,106	$ 5,361,812,464	28,957,798,084		24,314,602,138
Repurchase of non-controlling interest															286,685,716
Repurchase of non-controlling interest															(286,685,716)		97,848,385
Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															845,780,000
Outstanding consideration received																	¥ 845,780,000
JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent						56.40%							51.00%	51.00%			56.40%	56.40%
Repurchase of non-controlling interest															286,700,000
Repurchase of non-controlling interest															20,600,000
JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member] \| Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments									¥ 517,000,000	¥ 517,000,000
JinkoSolar (Sichuan) Co., Ltd. [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															200,000,000		¥ 800,000,000
Noncontrolling Interest, Ownership Percentage by Parent													48.00%	48.00%
Jinko Chuzhou [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent													40.00%	40.00%
Jinko Chuzhou [Member] \| Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															300,000,000		550,000,000
Jinko Yiwu [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent													40.00%	40.00%
Jinko Yiwu [Member] \| Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															365,000,000		400,000,000
Jinko ShangRao [Member]
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent													40.00%	40.00%
Jinko ShangRao [Member] \| Government Background Companies [Member]
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments															¥ 1,902,000,000
Rui Xu Co., Ltd.
Business Acquisition [Line Items]
Payments to Acquire Equity Method Investments					¥ 20,000,000
Jinko Huineng Technology Services Co., Ltd [Member]
Business Acquisition [Line Items]
Proceeds from Divestiture of Interest in Consolidated Subsidiaries			¥ 10,400,000	$ 1,600,000
Jiangxi Jinko
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	73.30%	73.30%											58.62%	58.62%
Jinko Solar South Africa [Member]
Business Acquisition [Line Items]
Business Combination, Contingent Consideration, Liability								¥ 1,000,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal								¥ 20,000
Zhejiang Jinko Financial Leasing [Member]
Business Acquisition [Line Items]
Gain (Loss) on Sale of Capital Leases, Net											¥ 15,200,000	$ 2,200,000
Proceeds from Divestiture of Interest in Consolidated Subsidiaries											¥ 183,000,000.0	$ 26,400,000
Proceeds from Sale of Equity Method Investments																$ 41,800,000	¥ 128,100,000
JinkoSolar International Development Limited [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage	26.70%	26.70%
Proceeds from Divestiture of Interest in Consolidated Subsidiaries	¥ 3,100,000,000	$ 461,200,000
Payments to Acquire Equity Method Investments	¥ 3,100,000,000	$ 461,200,000
JinkoSolar International Development Limited [Member] \| Jiangxi Jinko
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	26.70%	26.70%
Poyang Luohong
Business Acquisition [Line Items]
Gain (Loss) on Sale of Capital Leases, Net						¥ 19,900,000	$ 2,900,000
Equity Method Investment, Ownership Percentage						51.00%			51.00%								51.00%	51.00%
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal						¥ 19,900,000
Payments to Acquire Equity Method Investments									¥ 98,000,000
Carrying amount of non-controlling interest eliminated						97,800,000											¥ 97,800,000
Poyang Luohong \| Jinko Solar South Africa [Member]
Business Acquisition [Line Items]
Business Combination, Contingent Consideration, Liability						¥ 99,800,000											¥ 99,800,000	$ 14,300,000

ORGANIZATION AND NATURE OF OPERATIONS - Schedule of Subsidiaries (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2019
JinkoSolar Investment Limited ("Paker") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Nov. 10, 2006
Percentage of ownership	100.00%
Jinko Solar Co., Ltd. ("Jiangxi Jinko") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Dec. 13, 2006
Percentage of ownership	73.00%
Zhejiang Jinko Solar Co., Ltd ("Zhejiang Jinko") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jun. 30, 2009
Percentage of ownership	73.00%
Jinko Solar Import and Export Co., Ltd. ("Jinko Import and Export") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Dec. 24, 2009
Percentage of ownership	73.00%
JinkoSolar GmbH ("Jinko GmbH") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Apr. 01, 2010
Percentage of ownership	73.00%
Zhejiang Jinko Solar Trading Co., Ltd. [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jun. 13, 2010
Percentage of ownership	73.00%
Xinjiang Jinko Solar Co., Ltd. ("Xinjiang Jinko") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	May 30, 2016
Percentage of ownership	73.00%
Yuhuan Jinko Solar Co., Ltd.("Yuhuan Jinko") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jul. 29, 2016
Percentage of ownership	73.00%
JinkoSolar (U.S.) Inc. ("Jinko US") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Aug. 19, 2010
Percentage of ownership	73.00%
Jiangxi Photovoltaic Materials Co., Ltd. ("Jiangxi Materials") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Dec. 01, 2010
Percentage of ownership	73.00%
JinkoSolar (Switzerland) AG ("Jinko Switzerland") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	May 03, 2011
Percentage of ownership	73.00%
JinkoSolar (US) Holdings Inc. ("Jinko US Holding") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jun. 07, 2011
Percentage of ownership	73.00%
JinkoSolar Italy S.R.L. ("Jinko Italy") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jul. 08, 2011
Percentage of ownership	73.00%
Jinko Solar Canada Co., Ltd ("Jinko Canada") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Nov. 18, 2011
Percentage of ownership	73.00%
Jinko Solar Australia Holdings Co. Pty Ltd ("Jinko Australia") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Dec. 07, 2011
Percentage of ownership	73.00%
Jinko Solar Japan K.K. ("JinkoSolar Japan") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	May 21, 2012
Percentage of ownership	73.00%
Jinko Solar (Shanghai) Management Co., Ltd [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jul. 25, 2012
Percentage of ownership	73.00%
Wide Wealth Group Holding Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jun. 11, 2012
Percentage of ownership	100.00%
Canton Best Limited ("Canton Best BVI") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Sep. 16, 2013
Percentage of ownership	100.00%
Jinko Solar Technology SDN.BHD. ("JinkoSolar Malaysia") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jan. 21, 2015
Percentage of ownership	73.00%
JinkoSolar International Development Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Aug. 28, 2015
Percentage of ownership	100.00%
JinkoSolar Middle East DMCC [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Nov. 06, 2016
Percentage of ownership	73.00%
JinkoSolar Trading Privated Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Feb. 06, 2017
Percentage of ownership	73.00%
JinkoSolar LATAM Holding Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Aug. 22, 2017
Percentage of ownership	100.00%
JinkoSolar U.S. Industrial Inc. [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Nov. 16, 2017
Percentage of ownership	73.00%
JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Dec. 15, 2017
Percentage of ownership	51.00%	56.40%
Poyang Ruixin Information Technology Co Ltd [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Dec. 19, 2017
Percentage of ownership	73.00%
Jinko Solar Korea Co., Ltd. [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Dec. 03, 2018
Percentage of ownership	73.00%
JinkoSolar (Sichuan) Co., Ltd. [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Feb. 18, 2019
Percentage of ownership	48.00%
JinkoSolar (Qinghai) Co., Ltd. [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Apr. 03, 2019
Percentage of ownership	40.00%
Jinko Yiwu [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Sep. 19, 2019
Percentage of ownership	40.00%
Jinko PV Material Supply SDN. BHD [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Sep. 23, 2019
Percentage of ownership	73.00%
JinkoSolar Vietnam Co., Ltd. [ Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Sep. 26, 2019
Percentage of ownership	73.00%
Jinko Chuzhou [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Dec. 26, 2019
Percentage of ownership	40.00%
Rui Xu Co., Ltd. ("Rui Xu")
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Jul. 24, 2019
Percentage of ownership	44.00%
Zhejiang New Materials Co., Ltd.
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Mar. 24, 2020
Percentage of ownership	73.00%
Jinko ShangRao [Member]
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Apr. 17, 2020
Percentage of ownership	40.00%
Jinko Solar Denmark ApS
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	May 28, 2020
Percentage of ownership	73.00%
JinkoSolar Hong Kong Limited
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Aug. 17, 2020
Percentage of ownership	73.00%
Jinko Solar (Malaysia) SDN BHD
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Aug. 28, 2020
Percentage of ownership	73.00%
JinkoSolar (Chuxiong) Co., Ltd.
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Sep. 25, 2020
Percentage of ownership	73.00%
Yiwu New Materials Co., Ltd. ("Yiwu Materials")
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Oct. 24, 2020
Percentage of ownership	73.00%
Jinko Solar (Vietnam) Industries Company Limited
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Mar. 29, 2021
Percentage of ownership	73.00%
JinkoSolar (Leshan) Co., Ltd. ("Jinko Leshan")
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Apr. 25, 2021
Percentage of ownership	73.00%
JinkoSolar (Anhui) Co., Ltd. ("Jinko Anhui")
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Sep. 03, 2021
Percentage of ownership	73.00%
JinkoSolar (Yushan) Co., Ltd. ("Jinko Yushan")
Subsidiary or Equity Method Investee [Line Items]
Date of Incorporation/Acquisition	Sep. 26, 2021
Percentage of ownership	59.00%

PRINCIPAL ACCOUNTING POLICIES (Narrative) (Details)		9 Months Ended	12 Months Ended
PRINCIPAL ACCOUNTING POLICIES (Narrative) (Details)	Jan. 01, 2018 USD ($)	Sep. 30, 2020 CNY (¥)	Dec. 31, 2021 CNY (¥) segment	Dec. 31, 2021 USD ($) segment	Dec. 31, 2021 EUR (€) segment	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥) Plant	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jan. 01, 2020 CNY (¥)	Dec. 31, 2019 USD ($) Plant	Nov. 30, 2019 Plant
Foreign currency translation
Cash, cash equivalents, and restricted cash			¥ 16,672,400,000			¥ 11,149,100,000
Current expected credit losses
Retained earnings			4,929,132,560			4,216,350,412		$ 773,488,462
Expected credit loss provision			82,427,030	$ 12,934,600		14,086,414	¥ 61,591,999
Expected credit loss provision, current			323,070,723			293,359,875
Expected credit loss provision, non-current assets			561,765			1,138,553
Short-term and long-term advances to suppliers
Provision for advance to suppliers			0			0	0
Provision for loss on long-term contracts			0			0	0
Interest Capitalization
Interest Expense			878,908,327			705,158,872	605,882,474
Interest and Other Income			¥ 214,291,207			216,618,294	¥ 170,984,099
Assets Held For Sale
Number of solar power plants held for sale \| Plant							2				2	2
Project assets
Project assets, useful life			20 years	20 years	20 years
Revenue recognition
Number of Operating Segments \| segment			1	1	1
Retainage			¥ 23,721,049			26,758,010	¥ 55,582,550
Retain percentage, minimum			5.00%	5.00%	5.00%
Retain percentage, maximum			10.00%	10.00%	10.00%
Warranty cost
Product defect, minimum warranty			5 years	5 years	5 years
Product defect, maximum warranty			10 years	10 years	10 years
Product decline, minimum warranty			10 years	10 years	10 years
Product decline, maximum warranty			25 years	25 years	25 years
Warranty cost expenses			¥ 390,238,953			363,159,029	303,652,391
Utilization of warranty accruals			¥ 170,776,360			98,525,648	85,035,667
Amount compensated by the supplier		¥ 83,054,792			€ 750,000
Product decline, minimum percentage			10.00%	10.00%	10.00%
Product decline, maximum percentage			20.00%	20.00%	20.00%
Product failure rate over warranty period			1.00%	1.00%	1.00%
Past years matching actual claims with expected estimates.			2 years	2 years	2 years
Government grants
Subsidy income			¥ 465,685,219	$ 73,076,173		191,980,690	63,016,966
Government grants related to assets			290,690,000			20,000,000	24,889,754
Deferred revenue			200,000,000					$ 31,384,364
Appropriation to statutory reserves			¥ 0			0	0
Convenience translation
Exchange rate			6.3726					6.3726
Standard and Extended Product Warranty Accrual			¥ 103,788,113			123,942,984	123,853,626
Capitalized Contract Cost, Net \| $								$ 0	$ 0		$ 0
Revenue, Practical Expedient, Financing Component [true false]			true	true	true
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Other Information			Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.	Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.	Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.
Unrecognized Tax Benefits			¥ 0			0
Revenue, Performance Obligation, Description of Payment Terms			customers to make full payment within 90 days and its domestic customers to make 90% to 95% of payment within 180 days after delivery and the rest will be paid when the Retainage Period (as defined below) ends	customers to make full payment within 90 days and its domestic customers to make 90% to 95% of payment within 180 days after delivery and the rest will be paid when the Retainage Period (as defined below) ends	customers to make full payment within 90 days and its domestic customers to make 90% to 95% of payment within 180 days after delivery and the rest will be paid when the Retainage Period (as defined below) ends
Operating Lease, Right-of-Use Asset			¥ 438,271,327			316,512,346		68,774,335
Operating Lease, Liability			447,934,638			325,483,123
Finance Lease, Right-of-Use Asset			628,592,051			829,122,192		98,639,810
Long-term borrowings			(9,896,454,537)			(7,301,535,829)		(1,552,969,673)
Other payables and accruals			(4,844,082,786)			(3,408,395,342)		$ (760,142,295)
ASC 606 [Member]
Revenue recognition
Retainage			3,036,961			28,824,540	7,660,940
ASC 606 [Member] \| Adjustment
Convenience translation
Retained Earnings (Accumulated Deficit) \| $	$ 0
ASU No. 2016-13
Current expected credit losses
Retained earnings										¥ 6,600,000
Allowance for accounts receivables-third parties										30,900,000
Allowance for accounts receivables- related parties										15,000,000.0
Allowance for other receivables and other current/non-current assets										9,300,000
Expected credit loss provision			82,427,030			14,086,414
Expected credit loss provision, current			331,130,126			323,688,768				306,525,000
Expected credit loss provision, non-current assets			3,625,550			1,987,646				¥ 5,065,000
Electricity [Member]
Cost of revenue
Cost of electricity sales			31,300,000			40,400,000	19,400,000
Shipping and Handling [Member]
Cost of revenue
Cost of electricity sales			¥ 2,048,097,568			1,631,219,134	1,489,639,843
Minimum [Member]
Project assets
Lessee, Operating Lease, Term of Contract			3 years					3 years
Convenience translation
Percentage of Revenue Recognized	90.00%
Maximum [Member]
Project assets
Lessee, Operating Lease, Term of Contract			20 years					20 years
Convenience translation
Percentage of Revenue Recognized	95.00%
Construction Projects Of Continuing Operation [Member]
Interest Capitalization
Interest capitalized			¥ 40,587,682			29,306,768	43,841,311
Statutory reserves [Member]
Government grants
Appropriation to statutory reserves			¥ 8,235,762			¥ 2,301,771	¥ 119,530,534
Buildings [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			20 years	20 years	20 years
Machinery and equipment [Member] \| Minimum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			5 years	5 years	5 years
Machinery and equipment [Member] \| Maximum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			10 years	10 years	10 years
Furniture, fixture and office equipment [Member] \| Minimum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			3 years	3 years	3 years
Furniture, fixture and office equipment [Member] \| Maximum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			5 years	5 years	5 years
Motor vehicles [Member] \| Minimum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			4 years	4 years	4 years
Motor vehicles [Member] \| Maximum [Member]
Short-term and long-term advances to suppliers
Property, plant and equipment, estimated useful life			5 years	5 years	5 years
Land use rights [Member]
Project assets
Intangible asset, useful life, minimum			50 years	50 years	50 years
Intangible asset, useful life, maximum			70 years	70 years	70 years
Purchased software and trademark registration fees [Member]
Project assets
Intangible asset, useful life, minimum			5 years	5 years	5 years
Intangible asset, useful life, maximum			10 years	10 years	10 years

PRINCIPAL ACCOUNTING POLICIES (Cash, cash equivalents and restricted cash) (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
PRINCIPAL ACCOUNTING POLICIES
Cash and cash equivalent	¥ 8,321,415,455	$ 1,305,811,671	¥ 7,481,678,114
Restricted cash	602,044,348	94,473,896	593,093,671
Cash and cash equivalents included in held-for-sale assets	173,786,646
Total	¥ 9,097,246,449	$ 1,427,556,484	¥ 8,074,771,785	$ 1,267,107,897	¥ 6,273,958,429	¥ 3,482,027,573

PRINCIPAL ACCOUNTING POLICIES (Movement of accrued warranty cost) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
PRINCIPAL ACCOUNTING POLICIES
At beginning of year	¥ 892,130,740	¥ 751,440,343	¥ 656,677,245
Additions	390,238,953	363,159,029	303,652,391
Utilization	(170,776,360)	(98,525,648)	(85,035,667)
Reversal to selling and marketing expense	(103,788,113)	(123,942,984)	(123,853,626)
At end of year	¥ 1,007,805,220	¥ 892,130,740	¥ 751,440,343

REVENUES (Revenues by Product) (Details)	1 Months Ended	12 Months Ended
REVENUES (Revenues by Product) (Details)	Mar. 31, 2020 CNY (¥) MWh	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Operating Revenue By Product Type [Line Items]
Revenues		¥ 40,826,521,106	$ 6,406,572,060	¥ 35,129,458,616	¥ 29,746,287,759
Sales of solar modules
Operating Revenue By Product Type [Line Items]
Revenues		37,737,382,637		32,556,394,365	28,344,380,913
Sales of solar projects
Operating Revenue By Product Type [Line Items]
Revenues	¥ 1,197,700,000	0		1,197,712,617	0
Quantity of solar modules sold \| MWh	155
Sales of silicon wafers
Operating Revenue By Product Type [Line Items]
Revenues		1,152,055,480		452,141,442	913,702,864
Sales of solar cells
Operating Revenue By Product Type [Line Items]
Revenues		606,581,781		344,509,546	282,407,099
Sales of other solar materials
Operating Revenue By Product Type [Line Items]
Revenues		1,043,759,602		478,184,047	155,742,512
Processing service fees
Operating Revenue By Product Type [Line Items]
Revenues		186,045,239		0	0
Revenue from generated electricity
Operating Revenue By Product Type [Line Items]
Revenues		¥ 100,696,367		¥ 100,516,599	¥ 50,054,371

REVENUES (Revenues by Location) (Details)	12 Months Ended
REVENUES (Revenues by Location) (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	¥ 40,826,521,106	$ 6,406,572,060	¥ 35,129,458,616	¥ 29,746,287,759
China
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	10,134,888,460		6,370,974,981	5,195,021,423
North America
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	6,621,798,500		10,098,115,960	7,550,454,941
Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	7,481,580,825		4,644,486,810	5,201,919,985
Asia Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	10,239,162,220		9,603,210,650	7,304,164,060
Rest of the world
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	¥ 6,349,091,101		¥ 4,412,670,215	¥ 4,494,727,350

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

INTEREST EXPENSE, NET (Details)	12 Months Ended
INTEREST EXPENSE, NET (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
INTEREST EXPENSE, NET
Interest expense	¥ 878,908,327		¥ 705,158,872	¥ 605,882,474
Less: Interest capitalization	(40,587,682)		(29,306,768)	(43,841,311)
Less: Interest income	(214,291,207)		(216,618,294)	(170,984,099)
Amortisation of bond issuance costs	0			525,000
Total	¥ 624,029,438	$ 97,923,836	¥ 459,233,810	¥ 391,582,064

OTHER INCOME, NET - Schedule Of Other Nonoperating Income (Expense) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Guarantee income	¥ 6,364,065	¥ 14,687,691	¥ 18,574,433
Donations	(4,453,015)	(12,395,500)	(701,000)
Total	¥ 1,911,050	¥ 2,292,191	¥ 17,873,433
Minimum [Member]
liability term	1 year
Maximum [Member]
liability term	16 years

TAXATION (Details)		12 Months Ended
TAXATION (Details)	Jan. 01, 2008	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2017	Dec. 31, 2021 USD ($)
Income Tax [Line Items]
Federal corporate income tax rate				25.00%	25.00%	25.00%
Statutory reserves				¥ 700,244,270	¥ 692,008,508				$ 109,883,606
Utilization and reversal of valuation allowances				8,390,221	44,895,888	¥ 32,719,772
Deferred Tax Assets, Valuation Allowance				¥ 217,123,698	¥ 136,847,274	¥ 144,316,817	¥ 114,620,700
Percentage of unrecognized deferred tax liability				10	10	10
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Research and Development, Amount				¥ 74,100,000	¥ 83,300,000	¥ 88,000,000.0
JinkoPower
Income Tax [Line Items]
Percentage of income tax is levied on the guarantee payment				10.00%
JAPAN
Income Tax [Line Items]
Federal corporate income tax rate				37.60%
SWITZERLAND
Income Tax [Line Items]
Federal corporate income tax rate				9.57%
GERMANY
Income Tax [Line Items]
Federal corporate income tax rate				33.00%
ITALY
Income Tax [Line Items]
Federal corporate income tax rate				27.90%
China
Income Tax [Line Items]
Federal corporate income tax rate	25.00%			15.00%	15.00%	15.00%
Dividend distribution withholding tax				10.00%
Statutory reserves				¥ 4,928,417,692	¥ 3,878,527,864	¥ 3,883,577,293
Deferred tax liability reinvested earnings				¥ 492,841,769	¥ 387,852,786	¥ 388,357,729
China \| Enterprise in the Encouraged Industry
Income Tax [Line Items]
Federal corporate income tax rate				15.00%	15.00%	15.00%	15.00%
China \| High and New Technology Enterprise
Income Tax [Line Items]
Reduced statutory rate				2021.00%
China \| Yuhuan Jinko and Haining Jinko
Income Tax [Line Items]
Federal corporate income tax rate					15.00%	15.00%
China \| Forecast [Member] \| Enterprise in the Encouraged Industry
Income Tax [Line Items]
Federal corporate income tax rate		15.00%	15.00%
China \| Forecast [Member] \| High and New Technology Enterprise
Income Tax [Line Items]
Federal corporate income tax rate		15.00%	15.00%
Reduced statutory rate			15.00%
HONG KONG
Income Tax [Line Items]
Federal corporate income tax rate				16.50%
Dividend distribution withholding tax				5.00%
HONG KONG \| Minimum [Member]
Income Tax [Line Items]
Federal corporate income tax rate				25.00%
PORTUGAL
Income Tax [Line Items]
Federal corporate income tax rate				22.50%
Denmark
Income Tax [Line Items]
Federal corporate income tax rate				22.00%
USA
Income Tax [Line Items]
Federal corporate income tax rate								21.00%
USA \| Minimum [Member]
Income Tax [Line Items]
Federal corporate income tax rate								0.75%
USA \| Maximum [Member]
Income Tax [Line Items]
Federal corporate income tax rate								9.99%
CANADA
Income Tax [Line Items]
Federal corporate income tax rate				15.00%
State/Province tax rate				12.00%
AUSTRALIA
Income Tax [Line Items]
Federal corporate income tax rate				30.00%
BRAZIL
Income Tax [Line Items]
Federal corporate income tax rate				34.00%
MEXICO
Income Tax [Line Items]
Federal corporate income tax rate				30.00%
Malaysia
Income Tax [Line Items]
Federal corporate income tax rate				24.00%
Income Tax Holiday, Description				a five year 100% tax exemption
Argentina
Income Tax [Line Items]
Federal corporate income tax rate				35.00%
Korea
Income Tax [Line Items]
Federal corporate income tax rate				22.00%

TAXATION - Earnings Before Income Taxes (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax [Line Items]
Income before income taxes	¥ 1,089,902,804	¥ 566,371,892	¥ 1,251,186,211
Cayman Islands [Member]
Income Tax [Line Items]
Income before income taxes	199,956,441	(784,811,121)	(22,036,601)
China
Income Tax [Line Items]
Income before income taxes	1,120,666,809	444,368,215	498,042,536
Other Countries [Member]
Income Tax [Line Items]
Income before income taxes	¥ (230,720,446)	¥ 906,814,798	¥ 775,180,276

TAXATION - Current and Deferred Income Taxes (Details)	12 Months Ended
TAXATION - Current and Deferred Income Taxes (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
TAXATION
PRC	¥ (280,877,271)		¥ 26,472,926	¥ (25,562,374)
Other countries	(175,632,918)		(110,725,623)	39,207,147
Total current income tax benefits/(expenses)	(456,510,189)		(84,252,697)	13,644,773
PRC	77,741,387		(7,435,771)	38,736,514
Other countries	184,628,654		(86,722,312)	(330,360,288)
Total deferred tax (expenses)/benefits	262,370,041		(94,158,083)	(291,623,774)
Income tax expenses, net	¥ (194,140,148)	$ (30,464,826)	¥ (178,410,780)	¥ (277,979,001)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

TAXATION - Income Tax Rate Reconciliation (Details)	12 Months Ended
TAXATION - Income Tax Rate Reconciliation (Details)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
TAXATION
Statutory CIT rate	25.00%	25.00%	25.00%
-Share-based compensation expenses	0.10%	0.10%	0.10%
-Change in fair value of convertible senior notes and call options	(4.40%)	32.00%	0.60%
-Accrued payroll and welfare expenses	0.10%	0.40%	0.50%
-Change of enacted tax rate	2.10%	(7.20%)	0.70%
-Other non-deductible expenses including tax preferences	(1.80%)	(6.60%)	(7.00%)
Difference in tax rate of subsidiaries outside the PRC	2.20%	(3.10%)	4.50%
Effect of tax holiday for subsidiaries	(12.90%)	(7.80%)	(4.60%)
Change in valuation allowance	7.40%	(1.30%)	2.40%
Effective tax rate	17.80%	31.50%	22.20%

TAXATION - Aggregate Amount and Per Share Effect of Reduction of CIT (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
TAXATION
The aggregate amount of effect	¥ 140,234,962	¥ 44,190,456	¥ 57,373,029
Per share effect - basic	¥ 0.74	¥ 0.25	¥ 0.34
Per share effect - diluted	¥ 0.68	¥ 0.25	¥ 0.34

TAXATION - Deferred Tax Assets (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
TAXATION
Net operating losses	¥ 473,366,650		¥ 166,093,004
Accrued warranty costs	216,937,669		206,022,708
Provision for inventories, accounts receivable, other receivable	101,594,985		84,101,028
Timing difference for revenue recognition of retainage contract			5,797,569
Other temporary differences	40,189,249		20,366,550
Impairment for property, plant and equipment and project assets	100,859,570		24,871,785
Total deferred tax assets	932,948,123		507,252,644
Less: Valuation allowance	(217,123,698)		(136,847,274)	¥ (144,316,817)	¥ (114,620,700)
Less: Deferred tax liabilities in the same tax jurisdiction	(344,057,016)		(115,297,938)
Deferred tax assets	371,767,409	$ 58,338,419	255,107,432
Timing difference for project assets, property, plant and equipment	(375,498,775)		(308,201,462)
Timing difference for refund of countervailing duties	(144,923,075)		(134,682,972)
Other temporary differences	(6,638,295)		(1,126,697)
Total deferred tax liabilities	(527,060,145)		(444,011,131)
Less: Deferred tax assets in the same tax jurisdiction	344,057,016		115,297,938
Deferred tax liabilities	¥ (183,003,129)	$ (28,717,184)	¥ (328,713,193)

TAXATION - Movement of Valuation Allowances (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
TAXATION
At beginning of year	¥ (136,847,274)	¥ (144,316,817)	¥ (114,620,700)
Current year additions	(88,666,645)	(37,426,345)	(62,415,889)
Utilization and reversal of valuation allowances	8,390,221	44,895,888	32,719,772
At end of year	¥ (217,123,698)	¥ (136,847,274)	¥ (144,316,817)

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES (Schedule of Accounts Receivable) (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
ACCOUNTS RECEIVABLE, NET-THIRD PARTIES
Accounts receivables - current	¥ 7,794,173,603		¥ 4,828,118,154
Allowance for doubtful accounts - current	(323,070,723)		(293,359,875)
Accounts receivable, net - current	7,471,102,880	$ 1,172,379,073	4,534,758,279
Accounts receivables - non-current	28,185,718		27,543,511
Allowance for doubtful accounts - non-current	(561,765)		(1,138,553)
Accounts receivable, net - non-current	27,623,953	$ 4,334,801	26,404,958
Amount of accounts receivable pledged as collateral for borrowings	¥ 726,035,715		¥ 628,310,891

ACCOUNTS RECEIVABLE, NET-THIRD PARTIES (Schedule of Movement of Allowance for Doubtful Accounts) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Write off	¥ (38,023,874)		¥ 0
Accounts receivables, current
At beginning of year	293,359,875	¥ 318,197,517	256,605,518
Addition	91,948,207	26,581,139	166,432,303
Reversal	(24,213,485)	(20,503,264)	(104,840,304)
At end of year	323,070,723	293,359,875	318,197,517
Accounts receivables, non current
At beginning of year	1,138,553	0	0
Addition		1,138,553	0
Reversal	(576,788)	0	0
At end of year	561,765	1,138,553	0
ASU No. 2016-13 \| Accounts receivables, current
At beginning of year	(30,915,517)	0
At end of year		(30,915,517)	0
ASU No. 2016-13 \| Accounts receivables, non current
At beginning of year	0	0
At end of year	¥ 0	¥ 0	¥ 0

NOTES RECEIVABLE, NET - THIRD PARTIES (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
NOTES RECEIVABLE, NET-THIRD PARTIES
Notes receivable	¥ 1,690,141,974		¥ 1,051,743,491
Provision for notes receivable	(1,039,900)		(182,338)	¥ 0	¥ 0
Notes receivable, net	1,689,102,074	$ 265,056,974	1,051,561,153
Notes receivable pledged as collateral	¥ 885,280,000		¥ 221,391,816

NOTES RECEIVABLE, NET - THIRD PARTIES - (Schedule of Movement of Allowance for notes receivable) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
At beginning of year	¥ 182,338	¥ 0	¥ 0
Addition	857,562	0	0
Reversal	0	(40,662)	0
At end of year	1,039,900	182,338	0
ASU No. 2016-13
At beginning of year	223,000	0
At end of year	¥ 0	¥ 223,000	¥ 0

ADVANCES TO SUPPLIERS, NET - THIRD PARTIES (Details)	12 Months Ended
ADVANCES TO SUPPLIERS, NET - THIRD PARTIES (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)
ADVANCES TO SUPPLIERS, NET - THIRD PARTIES
Advances to suppliers - current	¥ 1,536,154,555	¥ 1,002,613,083		$ 241,056,171
Advance to suppliers excluding provisions made	1,536,154,555	1,008,557,523
Advances to suppliers - non-current	296,709,363			$ 46,560,174
Provision for advances to suppliers		(5,944,440)
Advances to suppliers, net	1,832,863,918	1,002,613,083
Provision for advance to suppliers	0	0	¥ 0
Wrote off balances of advances to suppliers	¥ 5,944,440	¥ 1,580,306	¥ 0

INVENTORIES (Details)	12 Months Ended
INVENTORIES (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)
INVENTORIES
Raw materials	¥ 3,761,044,855		¥ 2,362,396,325
Work-in-progress	2,623,043,767		1,059,864,518
Finished goods	6,868,263,204		4,954,674,986
Total	13,252,351,826		8,376,935,829		$ 2,079,583,188
Inventory provision	823,273,338	$ 129,189,552	270,893,308	¥ 135,874,384
Pledged inventories	¥ 1,749,007,002		¥ 289,876,208

PREPAYMENTS AND OTHER CURRENT ASSETS (Details)		1 Months Ended				12 Months Ended
PREPAYMENTS AND OTHER CURRENT ASSETS (Details)	Jan. 22, 2014 shares	Dec. 31, 2020 USD ($) shares	May 31, 2019 CNY (¥) shares	May 31, 2019 USD ($) shares	Feb. 28, 2018 USD ($) shares	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Jul. 17, 2017 CNY (¥)
Derivative [Line Items]
Receivables related to disposal of Property, plant and equipment						¥ 111,803,786				$ 17,544,454	¥ 92,734,513
Prepaid insurance premium						111,537,184					112,884,194
Loan receivable						1,689,102,074				265,056,974	1,051,561,153
Receivables related to At-The-Market offering											641,065,394
Less: Allowance for doubtful accounts						(5,521,143)					(9,588,242)
Total						2,435,056,434				$ 382,113,491	3,020,592,138
Issuance of shares (in shares) \| shares			18,687,500	18,687,500	16,560,000			5,976,272
Proceeds from issuance of ordinary shares			¥ 488,950,000	$ 70,900,000	$ 71,100,000	¥ 641,065,394	$ 100,597,149		¥ 488,950,795
Debt Instrument, Term						1 year	1 year	1 year	1 year
Interest rate												7.37%
Debt, face amount									¥ 300,000,000			¥ 300,000,000
Due from related parties									¥ 91,416,575		75,930,094
Loan receivables in cash						¥ 25,900,000
American Depositary Shares
Derivative [Line Items]
Issuance of shares (in shares) \| shares	3,750,000	1,494,068	4,671,875	4,671,875	4,140,000			1,494,068
Loan One
Derivative [Line Items]
Interest rate									4.35%
Debt, face amount									¥ 20,000,000
Loan Two
Derivative [Line Items]
Interest rate									4.35%
Debt, face amount									¥ 68,331,364
At-the-market offering
Derivative [Line Items]
Issuance of shares (in shares) \| shares		5,976,272
Proceeds from issuance of ordinary shares \| $		$ 98,250,000						$ 98,300,000
Poyang Luohong
Derivative [Line Items]
Amount of deposits for group's product sales						50,000,000.0
Foreign exchange option
Derivative [Line Items]
Value-added tax deductible						1,705,159,390					1,228,162,128
Deposit for customer duty, bidding and others						142,442,456					308,375,568
Prepayment for income tax						129,930,632					272,139,601
Receivables related to disposal of Property, plant and equipment						111,803,786					92,734,513
Receivables related to discount from a supplier						110,050,019					36,376,908
Prepayment of electricity and others						91,333,536					202,359,031
Prepaid insurance premium						6,674,545					9,095,273
Employee advances						6,274,473					5,385,718
Rental deposit and prepayment						3,606,294					5,517,324
Receivable of option exercised						1,169,427					9,142,819
Prepaid professional service fee						306,799					400,157
Loan receivable						0					75,930,094
Receivables related to At-The-Market offering						0					641,065,394
Others						131,826,220					143,495,852
Less: Allowance for doubtful accounts						(5,521,143)					(9,588,242)
Total						¥ 2,435,056,434					¥ 3,020,592,138
Maturity period of derivative						12 months	12 months

PREPAYMENTS AND OTHER CURRENT ASSETS (Activity in the allowance for credit losses) (Details)	12 Months Ended
	Dec. 31, 2021 CNY (¥)
Activity in the allowance for credit losses
At beginning of year	¥ 9,588,242
Addition	4,068,382
Reverse	(8,135,481)
At end of year	5,521,143
ASU No. 2016-13
Activity in the allowance for credit losses
At end of year	¥ 0

INVESTMENTS IN AFFILIATES AND OTHER EQUITY SECURITIES (Details)		1 Months Ended				3 Months Ended	12 Months Ended
	Jun. 18, 2021 CNY (¥)	Dec. 31, 2021 CNY (¥)	Oct. 31, 2021 CNY (¥)	Apr. 30, 2019 CNY (¥)	May 31, 2012 CNY (¥)	Sep. 30, 2020 CNY (¥)	Dec. 31, 2021 CNY (¥) MWh	Dec. 31, 2021 USD ($) MWh	Dec. 31, 2020 CNY (¥) MWh	Dec. 31, 2019 CNY (¥) MWh	Mar. 30, 2017	Feb. 26, 2017
Schedule of Equity Method Investments [Line Items]
Equity in (loss)/income of affiliated companies							¥ 59,808,853	$ 9,385,314	¥ (52,705,838)	¥ (48,854,715)
Acquisitions of businesses and investments, net of cash acquired					¥ 7,200,000
Equity Method Investment, Unrealized Intercompany Profit (Loss) Eliminated, Amount							1,267,641		219,837	5,943,014
Payments for Other Fees							5,309,769		27,485,358	39,565,882
Equity Method Investments		¥ 223,868,835					223,868,835		184,873,397
Equity Securities without Readily Determinable Fair Value, Amount										7,200,000
Proceeds from disposal of equity securities						¥ 7,200,000
Capital injection in cash	¥ 315,000,000
Revenues							40,826,521,106	$ 6,406,572,060	35,129,458,616	29,746,287,759
Heihe Hydropower Development Co Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of equity interests acquired					9.00%
Xinte Silicon [Member]
Schedule of Equity Method Investments [Line Items]
Equity in (loss)/income of affiliated companies							36,037
Ownership percentage	9.00%
Investments in subsidiaries		¥ 314,996,757					¥ 314,996,757
Shenzhen Laplace Energy Technology Co., Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Capital injection in cash			¥ 65,000,000
Ownership percentage			2.88%
Ningxia Xiaoniu Automation Equipment Co., Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Ownership		0.9375%					0.9375%
Capital injection in cash		¥ 30,000,000
Jinko Power Co Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Equity in (loss)/income of affiliated companies							¥ 308,287,596		¥ (50,227,012)	¥ (47,852,250)
capital injection to SSHC				¥ 295,000,000
Percentage of Ownership												50.00%
Quantity of Solar Modules Sold \| MWh							0	0	32.2	64.4
Revenues							¥ 0		¥ 51,200,000	¥ 144,300,000
Sweihan Pv Power Company [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Ownership												40.00%
SweihanSolar Holding Company Limited [Member]
Schedule of Equity Method Investments [Line Items]
Cash dividend							23,212,799		15,597,932
Jinko-Tiansheng [Member]
Schedule of Equity Method Investments [Line Items]
Equity in (loss)/income of affiliated companies							22,862,022		5,312,252	1,002,465
Percentage of Ownership											30.00%
Equity Method Investment, Unrealized Intercompany Profit (Loss) Eliminated, Amount							(3,745,542)		2,562,378	1,801,626
Payments for Other Fees							5,309,767		27,485,358	¥ 39,565,882
Equity Method Investments		¥ 2,525,535					¥ 2,525,535		¥ 9,384,142

PROPERTY, PLANT AND EQUIPMENT, NET (Details)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT, NET (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Property and equipment	¥ 22,555,166,349		¥ 15,611,103,021
Less: Accumulated depreciation	(5,232,341,976)		(3,863,719,503)
Subtotal	17,322,824,373		11,747,383,518
Construction in progress	2,647,069,356		708,060,041
Net Value	19,969,893,729		12,455,443,559		$ 3,133,712,100
Depreciation of property, plant and equipment	1,603,785,908	$ 251,669,006	1,160,851,059	¥ 737,584,653
Receivables Related To Disposal Of Property, Plant And Equipment	389,862,368		609,563,969	269,221,102
Gain (Loss) on Disposition of Property Plant Equipment	(350,335,547)	$ (54,975,292)	(428,115,147)	(67,953,732)
Property, plant and equipment impairment	150,308,431		20,387,207	¥ 68,262,038
Pledged property, plant and equipment	4,115,403,557		3,257,095,969
Pledged property, plant and equipment as collateral	105,281,760		340,891,652
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	6,875,071,926		4,396,121,001
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	14,199,961,036		10,322,000,488
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	71,836,921		58,256,515
Furniture, fixture and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	¥ 1,408,296,466		¥ 834,725,017

PROJECT ASSETS, NET (Schedule of Project Assets and Related Accumulated Depreciation) (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
PROJECT ASSETS, NET
Project assets	¥ 0		¥ 724,335,851
Less: Accumulated depreciation	0		(78,981,128)
Project assets, net	¥ 0	$ 0	¥ 645,354,723

PROJECT ASSETS, NET (Details)	12 Months Ended
PROJECT ASSETS, NET (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥) Plant	Dec. 31, 2019 USD ($)	Nov. 30, 2019 Plant
Equity Method Investment, Realized Gain (Loss) on Disposal				¥ 19,900,000	$ 2,900,000
Equity Method Investment, Amount Sold				¥ 99,800,000
Number of solar power plants held for sale \| Plant				2		2
Net revenue	¥ 40,826,521,106	$ 6,406,572,060	¥ 35,129,458,616	¥ 29,746,287,759
Project Asset, External Sales				1,007,302,819
Impairment	123,404,551		93,780,458
Depreciation expenses of project assets	32,559,392	$ 5,109,279	52,830,115	77,028,161
Electricity, Generation [Member] \| Capitalized Project Costs [Member]
Net revenue	¥ 0		¥ 8,385,752	¥ 62,459,588

- Definition

+ References

+ Details

LAND USE RIGHTS, NET (Details)	12 Months Ended
LAND USE RIGHTS, NET (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Land use rights	¥ 1,196,668,009		¥ 849,542,147
Less: accumulated amortization	(106,611,329)		(88,580,563)
Land use rights, net	1,090,056,680		760,961,584		$ 171,053,680
Amortization of land use rights	18,030,766	$ 2,829,421	12,379,121	¥ 11,974,071
Estimated future amortization expense	22,938,030
Land use rights pledged	¥ 109,503,702		65,882,634
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Period of land use rights	50 years	50 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Period of land use rights	70 years	70 years
Bank Acceptance Notes [Member ]
Finite-Lived Intangible Assets [Line Items]
Land use rights pledged	¥ 15,467,161		¥ 99,457,421

INTANGIBLE ASSETS, NET (Details)	12 Months Ended
INTANGIBLE ASSETS, NET (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Less: accumulated amortization	¥ (40,809,003)		¥ (29,689,551)
Intangible assets, net	55,484,482		35,837,648		$ 8,706,726
Amortization of intangible assets	11,903,960	$ 1,867,991	10,176,591	¥ 6,822,339
Trademark [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	1,581,860		1,581,860
Computer software [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	¥ 94,711,625		¥ 63,945,339

OTHER ASSETS - THIRD PARTIES (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
OTHER ASSETS - THIRD PARTIES
Prepayments for purchase of property, plant and equipment	¥ 1,859,171,734		¥ 884,611,325
Refund receivable of U.S. countervailing duties and anti-dumping duties	580,058,369		571,394,376
Deposit for rent and others	175,297,194		79,281,354
Prepayment for warranty insurance premium	111,537,184		112,884,194
Prepayment of income tax attributable to intercompany transactions	16,158,693		31,816,215
Deferred losses related to sale-leaseback transactions before January 1, 2019 (Note 21)			98,660,496
Less: Allowance for credit losses	(3,063,785)		(849,093)
Total	¥ 2,739,159,389	$ 429,833,881	¥ 1,777,798,867

OTHER ASSETS - THIRD PARTIES - Additional (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018 CNY (¥)	Dec. 31, 2018 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017	Jan. 01, 2017	Dec. 31, 2016	Jan. 01, 2016	Dec. 31, 2015 CNY (¥)	Dec. 31, 2015 USD ($)	Jan. 01, 2015
OTHER ASSETS - THIRD PARTIES
Counter Veiling Duty Percentage			11.97%	11.97%	4.22%	4.22%				20.94%	12.67%	20.94%	12.70%	20.94%	20.94%	10.64%
Reversal Of Refundable Deposits	¥ 153,300		¥ 230	$ 40	¥ 2,600	$ 400	¥ 230,100	$ 32,500	$ 23,500					¥ 209,500	$ 30,500
Discounting impact recorded as cost of sales	¥ 19,300	$ 2,810

OTHER ASSETS - THIRD PARTIES - Summary of activity in allowance for credit losses related to deposits (Details)	12 Months Ended
	Dec. 31, 2021 CNY (¥)
OTHER ASSETS - THIRD PARTIES
At beginning of year	¥ 849,093
Addition	2,214,692
At end of year	¥ 3,063,785

OTHER PAYABLES AND ACCRUALS (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
OTHER PAYABLES AND ACCRUALS
Payables for purchase of property, plant and equipment	¥ 3,073,625,166		¥ 1,973,618,323
Freight payables	858,026,515		505,793,582
Accrued utilities, rentals and interest	424,436,045		338,652,891
Customs duties	157,655,482		255,616,292
Accrued warranty cost	149,164,034		122,799,090
Commission payables	24,859,928		90,591,153
Value-added tax and other tax payables	74,784,440		38,709,295
Contracted labor fee	24,392,464		18,351,990
Accrued professional service fees	19,739,189		11,434,943
Insurance premium payables	6,838,565		6,811,786
Others	30,560,958		46,015,997
Total	¥ 4,844,082,786	$ 760,142,295	¥ 3,408,395,342

BONDS PAYABLE AND ACCRUED INTEREST (Details)		12 Months Ended
BONDS PAYABLE AND ACCRUED INTEREST (Details)	Jul. 17, 2017 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Bonds Payable And Accrued Interest [Line Items]
Debt Instrument, Term		1 year	1 year	1 year	1 year
Debt, face amount	¥ 300,000,000				¥ 300,000,000
Interest rate	7.37%
Interest Expense, Medium-term Notes		¥ 0		¥ 0	11,792,000
Debt Related Commitment Fees and Debt Issuance Costs		¥ 0	$ 0	¥ 0	¥ 18,646,101
Medium-term Notes [Member]
Bonds Payable And Accrued Interest [Line Items]
Debt Instrument, Term	3 years
Debt maturity date	Jul. 17, 2020
Debt Related Commitment Fees and Debt Issuance Costs	¥ 2,100,000
Debt issuance costs, amortization period	2 years

BORROWINGS - Short-term (Details) - CNY (¥)	Dec. 31, 2021	Dec. 31, 2020
Short-term borrowings	¥ 11,967,826,525	¥ 7,556,938,793
Long-term borrowings-current portion	1,371,540,168	681,591,988
Total short-term borrowings	13,339,366,693	¥ 8,238,530,781
Financings Associated With Failed Sale Lease Back Transactions [Member]
Long-term borrowings-current portion	¥ 1,484,167,300

BORROWINGS - Type of short-term (Details) - CNY (¥)

Dec. 31, 2021

Dec. 31, 2020

Short-term Debt

¥ 13,339,366,693

¥ 8,238,530,781

Credit Loans [Member]

Short-term Debt

^[1]

1,065,630,732

Letter of Credit [Member]

Short-term Debt

^[1]

5,997,919,685

Guaranteed by JinkoSolar Holding [Member]

Short-term Debt

^[2]

338,268,877

Guaranteed by JinkoSolar Holding and Jiangxi Jinko [Member]

Short-term Debt

^[2]

20,000,000

Guaranteed by JinkoSolar Holding and Zhejiang Jinko [Member]

Short-term Debt

^[2]

99,055,301

Guaranteed by Jinkosolar Holding and Shareholders of the Group [Member]

Short-term Debt

88,080,340

Guaranteed by Jiangxi Jinko [Member]

Short-term Debt

^[2]

854,248,094

Guaranteed by Jiangxi Jinko and Haining Jinko [Member]

Short-term Debt

46,223,825

Guaranteed by Jiangxi Jinko and certain shareholders of the Group [Member]

Short-term Debt

100,000,000

Guaranteed by Zhejiang Jinko [Member]

Short-term Debt

859,940,981

Jiangxi Heji Investment Co., Ltd [Member]

Short-term Debt

688,534,968

Guaranteed by China Export & Credit Insurance Corporation [Member]

Short-term Debt

163,154,163

Financings Associated With Failed Sale Lease Back Transactions [Member]

Short-term Debt

^[3]

1,272,284,205

Guaranteed and collateralized on buildings, equipment and other assets of the Group and shareholders of the Group

Short-term Debt

¥ 1,746,025,522

[1]	As of December 31, 2021, the Group had short-term bank borrowings of RMB1,065,630,732 credit loans, and RMB5,997,919,685 letter of credit loans. The remaining short-term bank borrowings of RMB6,275,816,277 were either guaranteed by other parties and/or collateralized on the Group’s assets, detailed as following:
[2]	Borrowings of RMB338,268,877 guaranteed by JinkoSolar Holding, RMB20,000,000 guaranteed by JinkoSolar Holding and Jiangxi Jinko, RMB99,055,301 guaranteed by JinkoSolar Holding and Zhejiang Jinko, RMB88,080,340 guaranteed by JinkoSolar Holding and certain shareholders of the Group, RMB854,248,094 guaranteed by Jiangxi Jinko, RMB46,223,825 guaranteed by Jiangxi Jinko and Haining Jinko, RMB100,000,000 guaranteed by Jiangxi Jinko and certain shareholders of the Group, RMB859,940,981 guaranteed by Zhejiang Jinko, RMB688,534,968
[3]	Borrowings of RMB177,053,189 collateralized on the bank deposits of Jiangxi Jinko, RMB236,645,834 collateralized on the account receivables of the Group, RMB264,036,976 collateralized on the account receivables and inventories of the Group, RMB1,068,289,523 collateralized on the Group’s certain building and equipment, including RMB551,124,000 which were also collateralized on the Group’s certain land use rights, RMB162,790,000 were also collateralized on the Group’s certain inventories.

BORROWINGS - Long-term (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
Long-term bank borrowings	¥ 590,013,307		¥ 938,717,151
Borrowings outstanding	11,267,994,705
Less: Current portion of long-term bank borrowings	(99,255,963)		(190,243,717)
Total long-term borrowings	9,896,454,537	$ 1,552,969,673	7,301,535,829
Financings Associated With Failed Sale Lease Back Transactions [Member]
Borrowings outstanding	2,756,451,505		907,448,923
Less: Current portion of financings associated with failed sale-leaseback transactions	(1,272,284,205)		(491,348,271)
Other long term borrowings
Borrowings outstanding	¥ 7,921,529,893		¥ 6,136,961,743

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

BORROWINGS - Long-term Future Principal Repayments (Details)	Dec. 31, 2021 CNY (¥)
BORROWINGS
2022	¥ 1,371,540,169
2023	1,013,159,057
2024	1,950,722,831
2025	2,202,257,762
2026	3,981,444,540
Thereafter	748,870,346
Total	¥ 11,267,994,705

- Definition

+ References + Details

BORROWINGS - Short-Term Narrative (Details) - CNY (¥)

Dec. 31, 2021

Dec. 31, 2020

Short-term Debt [Line Items]

Short-term loans interest rate

3.28%

3.56%

Short-term borrowings

¥ 13,339,366,693

¥ 8,238,530,781

Amount of short-term bank borrowings guaranteed or collateralized

6,275,816,277

Long-term Debt

11,267,994,705

Trade Accounts Receivable [Member]

Short-term Debt [Line Items]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

726,035,715

Bank Deposit Guaranteed [Member]

Short-term Debt [Line Items]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

99,433,930

Loan Two | Guaranteed by affiliate [Member] | Trade Accounts Receivable [Member]

Short-term Debt [Line Items]

Short-term borrowings

236,645,834

Financings Associated With Failed Sale Lease Back Transactions [Member]

Short-term Debt [Line Items]

Long-term Debt

2,756,451,505

907,448,923

Current portion of debt

1,272,284,205

¥ 491,348,271

Loans denominated and repayable in EURO

Short-term Debt [Line Items]

Short-term borrowings

667,698,441

Loans denominated and repayable in USD [Member]

Short-term Debt [Line Items]

Short-term borrowings

166,023,340

Loans denominated and repayable in JPY [Member]

Short-term Debt [Line Items]

Short-term borrowings

2,844,905,047

Land use rights [Member]

Short-term Debt [Line Items]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

109,503,702

Land use rights [Member] | Loan Six [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

162,790,000

Buildings [Member]

Short-term Debt [Line Items]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

279,568,871

Equipment [Member]

Short-term Debt [Line Items]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

3,835,834,686

Inventories [Member]

Short-term Debt [Line Items]

Pledged Assets Separately Reported, Other Assets Pledged as Collateral, at Fair Value

1,749,007,002

Inventories [Member] | Loan Three [Member] | Collateral Pledged [Member]

Short-term Debt [Line Items]

Short-term borrowings

264,036,976

Inventories [Member] | Loan Four [Member] | Guaranteed by affiliate [Member] | Trade Accounts Receivable [Member]

Short-term Debt [Line Items]

Short-term borrowings

1,068,289,523

Building and Equipment [Member] | Loan Five [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

551,124,000

JinkoSolar Holding [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

338,268,877

JinkoSolar Holding [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

647,001,772

JinkoSolar Holding and Jiangxi Jinko [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

20,000,000

JinkoSolar Holding and Zhejiang Jinko [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

99,055,301

JinkoSolar Holding and Zhejiang Jinko [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

90,000,000

Jinkosolar Holding and Shareholders [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

88,080,340

Jiangxi Jinko | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

854,248,094

Jiangxi Jinko | Loan One | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

177,053,189

Jiangxi Jinko | Loan Seven [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

438,766,924

Zhejiang Jinko [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

859,940,981

Zhejiang Jinko and shareholders of the Group | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

100,000,000

Shareholders Of The Group [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

253,013,636

Guaranteed by China Export & Credit Insurance Corporation [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

163,154,163

Jiangxi Jinko and Haining Jinko [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

46,223,825

Jiangxi Jinko and Zhejiang Jinko [Member] | Loan Seven [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

95,000,000

Jiangxi Heji Investment Co., Ltd [Member] | Guaranteed by affiliate [Member]

Short-term Debt [Line Items]

Short-term borrowings

688,534,968

Credit Loans [Member]

Short-term Debt [Line Items]

Short-term borrowings

^[1]

1,065,630,732

Letter of Credit [Member]

Short-term Debt [Line Items]

Short-term borrowings

^[1]

¥ 5,997,919,685

[1]

BORROWINGS - Long-term Narrative details (Details)	1 Months Ended								9 Months Ended	12 Months Ended
BORROWINGS - Long-term Narrative details (Details)	Dec. 31, 2021 CNY (¥)	Oct. 31, 2021 CNY (¥)	Sep. 30, 2021 CNY (¥)	Jul. 31, 2021 CNY (¥)	Aug. 31, 2020	Jul. 31, 2020 CNY (¥)	Apr. 30, 2020 CNY (¥)	Feb. 29, 2020 CNY (¥)	Sep. 30, 2020 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2016 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($)	Jan. 31, 2018 CNY (¥)	Jul. 31, 2017 CNY (¥)	Jul. 17, 2017 CNY (¥)	May 31, 2017 CNY (¥)
Debt Instrument [Line Items]
Debt term										1 year	1 year	1 year
Debt Instrument face amount												¥ 300,000,000						¥ 300,000,000
Interest rate																		7.37%
Borrowings outstanding	¥ 11,267,994,705									¥ 11,267,994,705
Loans payable to bank	590,013,307									590,013,307	¥ 938,717,151
Loans payable to bank, current	99,255,963									99,255,963	190,243,717
Carrying amount of solar project sold																¥ 52,000,000.0	¥ 815,400,000		¥ 201,100,000
Short-term borrowings	13,339,366,693									13,339,366,693	8,238,530,781
Government Background Companies [Member]
Debt Instrument [Line Items]
Capital injections											845,780,000
Jinko Chuzhou [Member]
Debt Instrument [Line Items]
Debt term			5 years	5 years
Debt Instrument face amount			¥ 100,000,000	¥ 150,000,000
Interest rate			4.35%	4.35%
Borrowings outstanding	1,560,065,942									1,560,065,942
Debt Instrument, Collateral Amount			¥ 1,024,734,418	¥ 833,242,979
Fixed annual return (as a percent)					4.35%
Noncontrolling interest derecognized									¥ 858,872,176
New loan liabilities at fair value									845,754,728
Jinko Yiwu [Member]
Debt Instrument [Line Items]
Borrowings outstanding	756,889,119									756,889,119	795,375,501
Fixed annual return (as a percent)					6.00%
Equity interest that will be repurchased (as a percent)					45.00%
Noncontrolling interest derecognized									778,531,455
New loan liabilities at fair value									¥ 817,984,401
Jinko Yiwu [Member] \| Government Background Companies [Member]
Debt Instrument [Line Items]
Capital injections										¥ 765,000,000
Jinko ShangRao [Member]
Debt Instrument [Line Items]
Equity interest (as a percent)							45.00%
Jinko ShangRao [Member] \| Government Background Companies [Member]
Debt Instrument [Line Items]
Debt term										5 years
Debt Instrument face amount	¥ 98,000,000									¥ 98,000,000
Interest rate	10.00%									10.00%				10.00%
Debt Instrument, Collateral Amount	¥ 2,016,736,125									¥ 2,016,736,125	1,902,000,000
Carrying value of the loan	¥ 0									¥ 0
Capital injections		¥ 50,000,000	¥ 150,000,000				¥ 4,500,000,000
Fixed annual return (as a percent)	4.90%	5.18%	5.18%	5.18%						4.90%				4.90%
Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate										5.00%
Debt instrument, interest rate spread										5.00%
Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate										9.00%
Debt instrument, interest rate spread										9.00%
Long term Borrowings With Embedded Warrants [Member]
Debt Instrument [Line Items]
Borrowings outstanding	¥ 1,095,629,569									¥ 1,095,629,569
Financings Associated With Failed Sale Lease Back Transactions [Member]
Debt Instrument [Line Items]
Borrowings outstanding	2,756,451,505									2,756,451,505	907,448,923
Current portion of debt	1,272,284,205									1,272,284,205	491,348,271
Carrying amount of solar project sold	2,630,000,000									2,630,000,000	583,000,000.0
Cash consideration received on sale of solar project										3,334,000,000	¥ 572,400,000
Financings Associated With Failed Sale Lease Back Transactions [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Lease term											1 year
Financings Associated With Failed Sale Lease Back Transactions [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Lease term											6 years
China Merchants Bank [Member]
Debt Instrument [Line Items]
Debt term													10 years
Debt Instrument face amount													¥ 87,880,000
Interest rate													5.39%
Borrowings outstanding	42,411,907									42,411,907
Current portion of debt	9,329,593									9,329,593
Debt Instrument, Collateral Amount	150,315,786									150,315,786
Consortium Loan Two [Member]
Debt Instrument [Line Items]
Debt term												14 years
Debt Instrument face amount \| $															$ 105,185,805
Long-term Debt, Gross												¥ 733,797,213
Current portion of debt	26,684,916									26,684,916
Line of Credit Facility, Current Borrowing Capacity	419,041,065									419,041,065				$ 65,724,715
Debt Instrument, Collateral Amount	682,105,885									¥ 682,105,885
Loan Agreement With China Everbright Bank [Member]
Debt Instrument [Line Items]
Debt term										2 years		8 years
Debt Instrument face amount	¥ 100,000,000									¥ 100,000,000	¥ 372,000,000
Interest rate	4.90%									4.90%	6.37%			4.90%
Borrowings outstanding											¥ 98,000,000
Loans payable to bank	¥ 255,753,331									¥ 255,753,331
Loans payable to bank, current	41,313,330									41,313,330
Debt Instrument, Collateral Amount	238,612,455									238,612,455	¥ 664,363,082
Agreement With China CITIC Bank [Member]
Debt Instrument [Line Items]
Debt term											2 years
Debt Instrument face amount											¥ 30,000,000
Interest rate											8.50%
Other long term borrowings
Debt Instrument [Line Items]
Borrowings outstanding	7,921,529,893									7,921,529,893	¥ 6,136,961,743
Rui Xu's Loan Agreement With Government Background Company [Member]
Debt Instrument [Line Items]
Debt term		5 years	5 years
Debt Instrument face amount		¥ 20,000,000	¥ 20,000,000
Interest rate		5.05%	5.05%
Debt Instrument, Collateral Amount	38,570,691									38,570,691
Loan Agreement With Ping An International Financial Leasing Co., Ltd [Member]
Debt Instrument [Line Items]
Debt term						2 years
Debt Instrument face amount						¥ 49,263,158
Borrowings outstanding	18,473,684									¥ 18,473,684
Jiangxi Jinko Loan Agreement With Shangrao Changxi Trade Co.,Ltd (Member)
Debt Instrument [Line Items]
Debt term								1 year 6 months
Debt Instrument face amount								¥ 30,000,000
Interest rate								8.68%
Loan Agreements With Industrial Bank Co.,LTD [Member]
Debt Instrument [Line Items]
Debt term										5 years
Five Year Term Loan Aggreement One [Member]
Debt Instrument [Line Items]
Debt Instrument face amount	¥ 100,000,000									¥ 100,000,000
Interest rate	5.30%									5.30%				5.30%
Borrowings outstanding	¥ 119,000,000									¥ 119,000,000
Five Year Term Loan Aggreement Two [Member]
Debt Instrument [Line Items]
Debt Instrument face amount	¥ 19,000,000									¥ 19,000,000
Interest rate	5.30%									5.30%				5.30%
Borrowings outstanding	¥ 5,190,000									¥ 5,190,000
Loan Agreement with Deutsche Bank Co.,LTD [Member]
Debt Instrument [Line Items]
Debt term										3 years
Debt Instrument face amount	¥ 74,848,069									¥ 74,848,069				$ 11,739,585
Interest rate	1.92%									1.92%				1.92%
Borrowings outstanding	¥ 24,949,356									¥ 24,949,356				$ 3,913,195
Debt Instrument, Collateral Amount	¥ 74,848,069									74,848,069
Loan Agreement With Haining Jinko [Member]
Debt Instrument [Line Items]
Debt term				5 years
Debt Instrument face amount				¥ 690,000,000
Interest rate				10.00%
Debt Instrument, Collateral Amount				¥ 690,000,000
Loan Agreement With Anhui Jinko [Member]
Debt Instrument [Line Items]
Debt term		6 months
Debt Instrument face amount		¥ 455,400,000
Interest rate		5.58%
Debt Instrument, Collateral Amount		¥ 433,702,026
Loan Agreement With Yushan Jinko [Member]
Debt Instrument [Line Items]
Debt term	6 years	6 years
Debt Instrument face amount	¥ 100,000,000	¥ 200,000,000								¥ 100,000,000
Interest rate	4.90%	4.90%								4.90%				4.90%
Debt Instrument, Collateral Amount	¥ 286,728,319	¥ 286,728,319								¥ 286,728,319

BORROWINGS - Other long-term borrowings (Details) - CNY (¥)	1 Months Ended			3 Months Ended		9 Months Ended	12 Months Ended
	Jul. 31, 2021	Oct. 31, 2020	Aug. 31, 2020	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
Long-term Debt							¥ 11,267,994,705
JinkoSolar (Sichuan) Co., Ltd. [Member]
Fixed annual return (as a percent)		6.00%
Noncontrolling interest derecognized						¥ 997,222,010
New loan liabilities at fair value		¥ 1,113,842,449
Long-term Debt								¥ 1,338,816,904
JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member]
Noncontrolling interest derecognized							1,164,120,720
New loan liabilities at fair value						1,192,662,544
Long-term Debt								¥ 1,154,421,096
JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member] \| Minimum [Member]
Fixed annual return (as a percent)								4.75%
JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member] \| Maximum [Member]
Fixed annual return (as a percent)								5.23%
Jinko Yiwu [Member]
Fixed annual return (as a percent)			6.00%
Equity interest that will be repurchased (as a percent)			45.00%
Noncontrolling interest derecognized						778,531,455
New loan liabilities at fair value						817,984,401
Long-term Debt							756,889,119	¥ 795,375,501
Jinko Chuzhou [Member]
Fixed annual return (as a percent)			4.35%
Noncontrolling interest derecognized						858,872,176
New loan liabilities at fair value						¥ 845,754,728
Long-term Debt							1,560,065,942
Other long term borrowings
Long-term Debt							7,921,529,893	6,136,961,743
Government Background Companies [Member]
Capital injections								¥ 845,780,000
Government Background Companies [Member] \| JinkoSolar (Sichuan) Co., Ltd. [Member]
Capital injections	¥ 100,000,000						1,300,000,000
Government Background Companies [Member] \| JinkoSolar Technology (Haining) Co., Ltd. ("Haining Jinko") [Member]
Capital injections				¥ 517,000,000	¥ 517,000,000
Government Background Companies [Member] \| Jinko Yiwu [Member]
Capital injections							765,000,000
Government Background Companies [Member] \| Jinko Solar Co., Ltd. ("Jiangxi Jinko") [Member]
Capital injections							¥ 1,100,000,000
Equity interest that will be repurchased (as a percent)		30.00%

LEASES (Details)	12 Months Ended
LEASES (Details)	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Residual value guarantee	false
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	3 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	20 years

LEASES - Operating and Finance Leases (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
Operating leases:
Operating lease liabilities - current	¥ 62,515,082	$ 9,809,981	¥ 48,244,010
Operating lease liabilities - non-current	385,419,556	60,480,739	277,239,113
Total operating lease liabilities	447,934,638		325,483,123
Operating lease right-of-use assets, net	438,271,327	68,774,335	316,512,346
Financing leases:
Financing lease liabilities - current	194,939,003	30,590,183	272,329,554
Financing lease liabilities - non-current	236,373,848	37,092,215	313,087,663
Total financing lease liabilities	431,312,851		585,417,217
Financing lease right-of-use assets, net	¥ 628,592,051	$ 98,639,810	¥ 829,122,192

LEASES - Components of Lease Expenses (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
LEASES
Amortization of right-of-use assets	¥ 135,791,384	¥ 146,965,210
Interest of lease liabilities	51,575,346	46,533,172
Expenses for short-term lease within 12 months	3,051,443	6,431,457
Total lease cost	¥ 190,418,173	¥ 199,929,839

LEASES - Supplemental Cash Flow Information (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	¥ 76,399,872	¥ 50,403,567
Operating cash outflows for finance leases	25,973,901	32,628,104
Financing cash outflows for finance leases	286,292,083	250,935,455
Total cash paid for amounts included in the measurement of lease liabilities:	388,665,856	333,967,126
Lease obligation accrued in exchange for right-of-use assets:
Operating lease liabilities	185,472,028	76,559,666
Finance lease liabilities	132,187,717
Total lease obligation accrued in exchange for right-of-use assets:	¥ 317,659,745	¥ 76,559,666
Weighted-average remaining lease term	4 years 1 month 28 days	3 years 7 months 20 days
Weighted-average discount rate	5.99%	5.86%

LEASES - Maturities of Lease Liabilities (Details)	Dec. 31, 2021 CNY (¥)
Finance Lease, Liability, Payment, Due [Abstract]
2022	¥ 293,713,789
2023	293,566,891
2024	115,718,983
Thereafter	304,302,371
Total undiscounted lease payments	1,007,302,034
Less: imputed interest	128,054,545
Total lease liabilities	¥ 879,247,489

LEASES - Future Minimum Lease Payments (Details)	Dec. 31, 2021 CNY (¥)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	¥ 296,765,232
2023	293,566,891
2024	115,718,983
Thereafter	304,302,371
Total minimum lease payments	¥ 1,010,353,477

LEASES - Sale and Lease Back (Details)	1 Months Ended					12 Months Ended
LEASES - Sale and Lease Back (Details)	May 31, 2018 CNY (¥)	Jan. 31, 2018 CNY (¥)	Nov. 30, 2017 CNY (¥)	Jul. 31, 2017 CNY (¥)	May 31, 2017 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)
Sale Leaseback Transaction [Line Items]
Sale leaseback transaction, lease terms		three years		four years	three years
Sale leaseback transaction, carrying amount		¥ 52,000,000.0		¥ 815,400,000	¥ 201,100,000
Sale leaseback transaction, consideration		50,000,000.0		600,000,000.0	150,000,000.0
Loss on sale leaseback transaction		2,000,000.0		215,400,000	¥ 51,100,000
Ownership upon expiration of lease term		¥ 1,000,000.0		¥ 600,000
Financing lease term	2 years		2 years
Carrying amount of leased asset						¥ 19,969,893,729		¥ 12,455,443,559		$ 3,133,712,100
Amortized deferred losses related to sale-leaseback transactions						¥ 13,423,787	$ 2,106,486	¥ 27,502,575	¥ 33,560,902
Machinery And Equipment Under Lease [Member]
Sale Leaseback Transaction [Line Items]
Carrying amount of leased asset	¥ 72,000,000.0		¥ 74,900,000

LEASES - Net Value of Leased Assets (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
Sale Leaseback Transaction [Line Items]
Equipment	¥ 22,555,166,349		¥ 15,611,103,021
Less: accumulated depreciation	(5,232,341,976)		(3,863,719,503)
Net Value	¥ 19,969,893,729	$ 3,133,712,100	12,455,443,559
Leased Assets [Member]
Sale Leaseback Transaction [Line Items]
Equipment			1,072,214,761
Less: accumulated depreciation			(243,092,569)
Net Value			¥ 829,122,192

EARNINGS PER SHARE (Details) - CNY (¥)	12 Months Ended
EARNINGS PER SHARE (Details) - CNY (¥)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	¥ 955,571,509	¥ 335,255,274	¥ 924,352,495
Less: Net income attributable to non-controlling interests	234,553,599	104,870,621	25,690,269
Net income attributable to JinkoSolar's ordinary shareholders	721,017,910	230,384,653	898,662,226
Dilutive effects of call option		(462,751,547)	(91,066,662)
Numerator for diluted income/(loss) per share	¥ 412,679,397	¥ (232,366,894)	¥ 807,595,564
Denominator for basic earnings per share - weighted average number of ordinary shares outstanding	190,672,869	178,938,853	169,363,306
Dilutive effects of call option		(7,500,000)	(4,705,479)
Denominator for diluted calculation - weighted average number of ordinary shares outstanding	205,719,772	171,438,853	166,567,757
Continuing operations:
Basic earnings per share attributable to JinkoSolar's ordinary shareholders	¥ 3.78	¥ 1.29	¥ 5.31
Diluted earnings/(loss) per share attributable to JinkoSolar's ordinary shareholders	¥ 2.01	¥ (1.36)	¥ 4.85
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive effects of share options	540,620		1,909,930
Convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive effects of Convertible senior notes	¥ (308,338,513)
Dilutive effects of convertible senior notes	14,506,283

EARNINGS PER SHARE - Additional (Details) - shares	12 Months Ended
EARNINGS PER SHARE - Additional (Details) - shares	Dec. 31, 2020	Dec. 31, 2019
EARNINGS PER SHARE
Antidilutive securities excluded	17,708,332	17,708,332

EMPLOYEE BENEFITS (Details) - CNY (¥)	12 Months Ended
EMPLOYEE BENEFITS (Details) - CNY (¥)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2013	Dec. 31, 2012
EMPLOYEE BENEFITS
Penalty on daily rate basis as a percentage of outstanding contribution	0.05%
Accrued employee benefits	¥ 740,508,487	¥ 605,830,905	¥ 25,807,949	¥ 12,063,712

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS (Details)		12 Months Ended
CONVERTIBLE SENIOR NOTES AND CALL OPTIONS (Details)	Feb. 01, 2017	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($)	May 17, 2019 USD ($)	Jul. 17, 2017 CNY (¥)	Jan. 22, 2014 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount					¥ 300,000,000						¥ 300,000,000
Interest rate											7.37%
Fair value of convertible notes		¥ 1,098,736,489		¥ 1,831,612,124
Foreign exchange gain (loss)		8,599,149		38,359,987
Change in fair value of convertible senior notes		¥ (327,761,941)	$ (51,433,001)	1,202,082,070	114,149,092
Amount of conversion of convertible securites \| $			$ 15,750,000
Ordinary shares issued upon a conversion of convertible securities \| shares		3,281,244	3,281,244
Reclassification of change in instrument-specific credit risk (Note 24)		¥ 14,252,339	$ 2,236,503
Proceeds from exercise of share options		10,185,136	1,598,270	¥ 114,758,281	¥ 38,245,122
Proceeds from Exercise of Call Options		¥ 621,058,952	$ 97,457,702
2019 Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount \| $								$ 1,000				$ 150,000,000
Interest rate												4.00%
Convertible debt, conversion rate		21.8221	21.8221
Convertible debt, conversion price \| $ / shares								$ 45.83
Debt covenant, ownership interest threshold		50.00%						50.00%
Face value of notes repurchased \| $						$ 61,100,000	$ 88,900,000		$ 10,200
Percentage of notes repurchased	100.00%			0.00%		40.70%	59.30%
Percentage of price redeemed at				100.00%		100.00%	96.00%
Percentage Of principal Amount		100.00%	100.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%			0.00%		40.70%	59.30%
2024 Convertible Notes
Debt Instrument [Line Items]
Aggregate principal amount \| $								$ 1,000		$ 85,000,000
Interest rate										4.50%
Convertible debt, conversion rate		52.0833	52.0833
Convertible debt, conversion price \| $ / shares								$ 19.20
Debt covenant, ownership interest threshold		50.00%						50.00%
Percentage of notes repurchased		100.00%	100.00%
Fair value of convertible notes		¥ 327,761,941		¥ 1,202,082,070
Foreign exchange gain (loss)		¥ 56,224,381		¥ 60,325,828
Percentage Of principal Amount		100.00%	100.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed		100.00%	100.00%
Proceeds from Exercise of Call Options		¥ 621,058,952

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS - Convertible notes 2024 (Details) - USD ($) $ in Millions		1 Months Ended			12 Months Ended
	Jan. 22, 2014	Dec. 31, 2020	May 31, 2019	Feb. 28, 2018	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Stock Issued During Period, Shares, New Issues			18,687,500	16,560,000		5,976,272
2024 Convertible Notes
Debt Instrument [Line Items]
Proceeds from Issuance of Debt					$ 30
American Depositary Shares
Debt Instrument [Line Items]
Stock Issued During Period, Shares, New Issues	3,750,000	1,494,068	4,671,875	4,140,000		1,494,068

CONVERTIBLE SENIOR NOTES AND CALL OPTIONS - Call options (Details) $ in Millions	1 Months Ended		12 Months Ended
	May 31, 2019 shares	Feb. 28, 2018 shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Stock Issued During Period, Shares, New Issues \| shares	18,687,500	16,560,000		5,976,272
Call Option [Member]
Debt Instrument [Line Items]
Derivative Asset, Fair Value, Gross Asset \| $					$ 30
Fair Value, Option, Changes in Fair Value, Gain				¥ 476,290,547
Fair Value, Option, Changes in Fair Value, Loss			¥ 136,121,171
Exchange Gain for Call Option			¥ 250,942
Exchange Loss for Call Option				¥ 13,539,000
Stock Issued During Period, Shares, New Issues \| shares			1,875,000

ORDINARY SHARES (Details)		1 Months Ended					12 Months Ended
ORDINARY SHARES (Details)	Jan. 22, 2014 USD ($) shares	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2020 USD ($) $ / shares shares	May 31, 2019 CNY (¥) shares	May 31, 2019 USD ($) $ / shares shares	Feb. 28, 2018 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 CNY (¥)
REFERRED SHARES [Line Items]
Authorized capital \| $								$ 10,000
Ordinary shares, shares authorized			500,000,000					500,000,000		500,000,000
Ordinary shares, par value \| $ / shares			$ 0.00002		$ 0.00002	$ 0.00002		$ 0.00002		$ 0.00002
Issuance of shares \| ¥									¥ 636,179,444		¥ 488,950,795
Ordinary shares, shares issued			190,380,309					193,770,753		190,380,309
Ordinary shares, shares outstanding			187,434,469					190,824,913		187,434,469
Issuance of shares (in shares)				18,687,500	18,687,500	16,560,000			5,976,272	5,976,272
Amount of conversion of convertible securites \| $								$ 15,750,000
Ordinary shares issued upon a conversion of convertible securities							3,281,244	3,281,244
Payments of Stock Issuance Costs \| $					$ 3,900,000	$ 4,300,000
Proceeds from Issuance of Common Stock				¥ 488,950,000	$ 70,900,000	$ 71,100,000	¥ 641,065,394	$ 100,597,149			¥ 488,950,795
Share Price In ADR \| $ / shares					$ 16.00	$ 18.15
Treasury stock, value, acquired, cost method \| ¥		¥ 43,169,878					¥ 43,169,878
Private Placement
REFERRED SHARES [Line Items]
Issuance of shares \| $	$ 126,300,000					$ 35,000,000
Issuance of shares (in shares)	15,000,000					7,713,499
Shares Issued, Price Per Share \| $ / shares					$ 4.00	$ 4.54
At-the-market offering
REFERRED SHARES [Line Items]
Issuance of shares (in shares)		5,976,272	5,976,272
Proceeds from Issuance of Common Stock \| $			$ 98,250,000							$ 98,300,000
American Depositary Shares
REFERRED SHARES [Line Items]
Issuance of shares (in shares)	3,750,000	1,494,068	1,494,068	4,671,875	4,671,875	4,140,000			1,494,068	1,494,068
Treasury stock, shares, acquired		736,460	736,460				736,460	736,460	305,660	305,660
Treasury stock, value, acquired, cost method \| ¥									¥ 29,294,325
Other Common Stock [Member]
REFERRED SHARES [Line Items]
Treasury stock, shares, acquired		2,945,840	2,945,840				2,945,840	2,945,840	1,222,640	1,222,640

EQUITY FINANCING IN JIANGXI JINKO (Details) $ in Millions	1 Months Ended		12 Months Ended
EQUITY FINANCING IN JIANGXI JINKO (Details) $ in Millions	Oct. 31, 2020 CNY (¥)	Oct. 31, 2020 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Business Acquisition [Line Items]
Cash received from, net of cash disposed of, disposal of subsidiaries				¥ 48,078,440	¥ 198,291,138
Contribution from non-controlling interest				¥ 865,000,000	¥ 2,595,780,000
JinkoSolar International Development Limited [Member]
Business Acquisition [Line Items]
Cash received from, net of cash disposed of, disposal of subsidiaries	¥ 3,100,000,000	$ 461.2
Contribution from non-controlling interest			¥ 139,900,000
Jiangxi Jinko
Business Acquisition [Line Items]
Percentage of ownership	73.30%	73.30%	58.62%
Jiangxi Jinko \| JinkoSolar International Development Limited [Member]
Business Acquisition [Line Items]
Percentage of ownership	26.70%	26.70%

SHARE BASED COMPENSATION (Details)		1 Months Ended			12 Months Ended
SHARE BASED COMPENSATION (Details)	Oct. 10, 2014	Aug. 31, 2021 shares	Aug. 31, 2014 shares	Aug. 31, 2009 shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2019 CNY (¥) shares	Dec. 31, 2021 $ / shares	Dec. 31, 2018 shares	Jul. 31, 2009 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of vesting increments			5
Market value of ordinary shares \| (per share)					¥ 73.26				$ 11.49
Intrinsic value of options exercised \| ¥					¥ 5,501,611		¥ 296,759,089	¥ 54,032,828
Cash received from the exercise of share options					¥ 10,185,136	$ 1,598,270	¥ 114,758,281	¥ 38,245,122
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number					347,536		716,748	4,555,288		8,453,372
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of vesting increments	5
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense \| ¥					¥ 19,927,748		¥ 0
Number of restricted shares issued					318,600
2014 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ordinary shares that may be issued			12,796,745
Contractual life			10 years
2009 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ordinary shares that may be issued											9,325,122
Contractual life				7 years
2009 Plan [Member] \| Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted				953,200
Share-based compensation arrangement by share-based payment award, award vesting period				36 months
Long-term incentive plan 2021 \| Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual life		5 years
Share-based compensation arrangement by share-based payment award, award vesting period		10 years
Number of restricted shares issued		354,000

SHARE BASED COMPENSATION - Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2021 CNY (¥) $ / shares shares	Dec. 31, 2020 CNY (¥) $ / shares shares	Dec. 31, 2019 CNY (¥) $ / shares shares	Dec. 31, 2018 CNY (¥) $ / shares shares	Dec. 31, 2021 $ / shares
Number of option outstanding
Balance as at beginning balance \| shares	716,748	4,555,288	8,453,372
Exercise \| shares	(105,200)	(3,750,540)	(3,378,060)
Forfeited \| shares	(264,012)	(88,000)	(520.024)
Balance as at ending balance \| shares	347,536	716,748	4,555,288	8,453,372
Vested as of December 31,2021 \| shares	347,536
Vested and exercisable as of December 31, 2021 \| shares	347,536
Weighted-Average Exercise Price
Balance as at beginning balance	$ 3.46	$ 3.34	$ 3.34
Granted	0
Exercise	3.29	3.32	3.35
Forfeited	3.29	3.29	3.29
Balance as of ending balance	$ 3.65	$ 3.46	$ 3.34	$ 3.34
Vested as of December 31,2021					$ 3.65
Vested and exercisable as of December 31, 2021					$ 3.65
Weighted-Average Remaining Contractual Term
Balance as of December 31 2021	3 years 10 months 2 days	4 years 3 months	4 years 8 months 23 days	5 years 9 months 18 days
Vested as of December 31,2021	3 years 10 months 2 days
Vested and exercisable as of December 31, 2021	3 years 10 months 2 days
Aggregate Intrinsic value
Balance as of December 31 2021 \| ¥	$ 17,372,963	$ 58,835,911	$ 73,353,508	$ 152,447
Vested as of December 31,2021 \| ¥	17,372,963
Vested and exercisable as of December 31, 2021 \| ¥	$ 17,372,963

SHARE BASED COMPENSATION - Summary of Non-vested Shares (Details)	12 Months Ended
	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Weighted-average fair value on grant date (RMB/Share)
Fair value of shares vested	¥ 1,864,720		¥ 4,132,648	¥ 65,621,884
Proceeds from exercise of share options	¥ 10,185,136	$ 1,598,270	¥ 114,758,281	¥ 38,245,122

SHARE BASED COMPENSATION - Restricted Shares (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Share-based compensation	¥ 9,884,090	¥ 922,868	¥ 4,578,315
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted	354,000
Vested	(35,400)
Unvested as of December 31, 2021	318,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted	¥ 86.38
Vested	86.38
Unvested as of December 31, 2021	¥ 86.38
Share-based compensation	¥ 9,884,090	0	¥ 0
Unrecognized compensation expenses	¥ 19,927,748	¥ 0
Weighted-average period	4 years 6 months 29 days	0 years

SHARE BASED COMPENSATION - Expense Allocation (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Share-based compensation	¥ 9,884,090	¥ 922,868	¥ 4,578,315
Costs of revenues
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Share-based compensation	130,954	328,549	(771,464)
Selling expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Share-based compensation	130,954	461,567	3,424,973
General and administration expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Share-based compensation	¥ 9,622,182	145,835	1,140,815
Research and development expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost
Share-based compensation		¥ (13,083)	¥ 783,991

RELATED PARTY TRANSACTIONS AND BALANCES - Balances (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)
Outstanding amounts due from related parties:
Other Receivables, Related Parties	¥ 17,348,048		¥ 23,756,223
Accounts receivables from related party	29,417,134		410,358,136
Other payables due to a related party:
Accounts payable - related parties	15,863,346	$ 2,489,305	14,113,577
Other payables to Desun for leasing of land and buildings			275,075
Other Payables, Related Parties	2,229,986		71,515,404
Prepayments to JinkoPower for outsourcing services
Outstanding amounts due from related parties:
Other Receivables, Related Parties	11,990,502		20,609,442
Jiangxi Jinko Engineering For Miscellaneous [Member]
Outstanding amounts due from related parties:
Other Receivables, Related Parties	5,357,546		3,146,781
Sweihan Solar Holding Company [Member]
Outstanding amounts due from related parties:
Accounts receivables from related party			33,638,826
Jiangxi Jinko Engineering for sales of solar modules and others [Member]
Outstanding amounts due from related parties:
Accounts receivables from related party	29,417,134		376,719,310
JinkoTiansheng Member [Member]
Other payables due to a related party:
Accounts payable - related parties	15,863,346		14,113,577
Jinko Power
Outstanding amounts due from related parties:
Other Assets, Related Parties	3,291,940		107,318,909
Notes receivables from JinkoPower for provision of guarantee			33,001,402
Other payables due to a related party:
Other Payables, Related Parties	¥ 2,229,986		¥ 71,240,329

RELATED PARTY TRANSACTIONS AND BALANCES - Transaction From Related Party (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues [Abstract]
Income of financing guarantees	¥ 6,364,065	¥ 14,687,691	¥ 18,574,433
Service Expenses provided by Related Parties [Abstract]
Payments for Other Fees	¥ 5,309,769	¥ 27,485,358	¥ 39,565,882
Escrow Service Expenses	8,753,242	9,442,936	23,266,889
Construction Service Fees			¥ 8,935,653
Jinko Power Group [Member]
Revenues [Abstract]
Revenue from Related Parties	¥ 27,098,993	¥ 5,072,143	7,812,477
Revenue from Rental Services	4,003,674	2,177,280	2,177,280
Service Expenses provided by Related Parties [Abstract]
Related Party Transaction, Expenses from Transactions with Related Party	16,038
Sweihan Pv [Member]
Revenues [Abstract]
Revenue from Related Parties	0	51,201,037	¥ 144,287,938
Income of financing guarantees	¥ 659,847	¥ 3,721,149

RELATED PARTY TRANSACTIONS AND BALANCES - Transactions (Details)		1 Months Ended		12 Months Ended
	Mar. 30, 2021 CNY (¥)	Nov. 30, 2017 CNY (¥)	Nov. 30, 2017 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Guarantor Obligations, Guarantee Fee Income Receivable				¥ 3,291,940	¥ 107,318,909
Guarantor Obligations, Carrying Value				12,142,387	57,331,674
Related Party Transaction, Other Revenues from Transactions with Related Party				6,364,065		¥ 18,574,433
Guarantor Obligations, Current Carrying Value				2,500,484	22,519,228		$ 392,381
Guarantor Obligations Proceeds Of Guarantee Fee				21,233,749	18,372,799	18,628,574
Payments for Other Fees				¥ 5,309,769	¥ 27,485,358	¥ 39,565,882
Payments Made in Advance related to Service Fee		¥ 76,356,466	$ 11,200,000
Escrow Service Expenses				8,753,242	9,442,936	23,266,889
Lessor, Operating Lease, Term of Contract				10 years			10 years
Construction in progress				¥ 2,647,069,356	¥ 708,060,041
Due from related parties					75,930,094	¥ 91,416,575
Outstanding receivables settlement within 2020				¥ 29,417,134	410,358,136		$ 4,616,190
Minimum [Member]
Related Party Transaction [Line Items]
Amortization period for guarantee liability				1 year
Maximum [Member]
Related Party Transaction [Line Items]
Amortization period for guarantee liability				16 years
Jinko-Tiansheng [Member]
Related Party Transaction [Line Items]
Payments for Other Fees				¥ 5,309,769	27,485,358	39,565,882
Sweihan Pv [Member]
Related Party Transaction [Line Items]
Revenues from sales of products and provision of processing services to related party				0	51,201,037	144,287,938
Jiangxi Desun Energy Co., Ltd. [Member]
Related Party Transaction [Line Items]
Rental expenses from related parties					1,100,304	1,100,304
Guarantor Obligations, Current Carrying Value				401,400,000,000			$ 63,000,000.0
Jinko Power Group [Member]
Related Party Transaction [Line Items]
Revenues from sales of products and provision of processing services to related party				27,098,993	5,072,143	7,812,477
Rental expenses from related parties				16,038
Related Party Transaction, Other Revenues from Transactions with Related Party					14,687,691
Revenue from Rental Services				4,003,674	2,177,280	2,177,280
Jinko Power
Related Party Transaction [Line Items]
Notes receivable					33,001,402
Loan deposit amount				0	17,700,000
Amount of offset the debts and receivables	¥ 71,000,000.0
Due from related parties				29,000,000	377,000,000
Due from related parties over due over one year				0	300,000,000
Interest on overdue receivable from related parties				0	0
Electricity fee charged by related party				¥ 7,724,917	¥ 3,087,690	¥ 0

CERTAIN RISKS AND CONCENTRATION (Details)	12 Months Ended
CERTAIN RISKS AND CONCENTRATION (Details)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Sales Revenue, Goods, Net [Member]
Concentration Risk [Line Items]
Concentration risk percentage	4.60%	5.30%	10.90%
Sales Revenue, Goods, Net [Member] \| Foreign Currency Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk percentage	75.18%
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk percentage	10.00%	10.00%	10.00%

CERTAIN RISKS AND CONCENTRATION - Schedule of Major Customers (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk percentage	10.00%	10.00%	10.00%
Sales Revenue, Goods, Net [Member]
Concentration Risk [Line Items]
Concentration risk percentage	4.60%	5.30%	10.90%

COMMITMENTS AND CONTINGENCIES (Capital commitments) (Details)	Dec. 31, 2021 CNY (¥)
COMMITMENTS AND CONTINGENCIES
2021	¥ 7,029,247,643
2022	781,027,516
Total	7,810,275,159
Purchase Obligation	¥ 7,810,275,159

COMMITMENTS AND CONTINGENCIES (Contingencies and Guarantees) (Details) $ in Millions			1 Months Ended	9 Months Ended	12 Months Ended
	Sep. 03, 2020 EUR (€)	Jul. 03, 2020 EUR (€)	Jul. 31, 2019 EUR (€)	Sep. 30, 2020 CNY (¥)	Dec. 31, 2021 EUR (€)	Dec. 31, 2021 USD ($)
Contingencies [Line Items]
Litigation Settlement, Amount Awarded from Other Party				¥ 83,054,792	€ 750,000
Guarantor Obligations, Maximum Exposure, Undiscounted \| $						$ 42.9
Case Against Wuxi Zhongcai [Member]
Contingencies [Line Items]
Amount of claim		€ 2,812,000
Request for arbitration submitted by MFS
Contingencies [Line Items]
Amount of claim	€ 1,008,170
Jiangxi Jinko
Contingencies [Line Items]
Amount of claim			€ 1,965,170
JinkoSolar (Switzerland) AG ("Jinko Switzerland") [Member]
Contingencies [Line Items]
Amount of claim			€ 846,604

FAIR VALUE MEASUREMENTS (Details) € in Millions	12 Months Ended				36 Months Ended
FAIR VALUE MEASUREMENTS (Details) € in Millions	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 EUR (€)
Derivative [Line Items]
Fair Value Adjustment of Warrants			¥ 0		¥ 0
Impairment of Long-Lived Assets to be Disposed of	¥ 273,712,982	$ 42,951,540	114,167,665	¥ 68,262,038
Change in fair value of derivative forward contracts
Derivative [Line Items]
Derivative, Notional Amount						$ 630,000,000	€ 20	$ 800,000,000	€ 100
Loss/ gain on derivative	288,900,000		191,200,000
Foreign exchange option
Derivative [Line Items]
Derivative, Notional Amount	¥ 90,000,000			0	0			$ 170,000,000
Remaining maturity of foreign currency derivative	12 months	12 months
Loss/ gain on derivative	¥ 18,800,000		3,600,000	300,000
Convertible senior notes
Derivative [Line Items]
Loss/ gain on derivative	¥ 191,600,000		725,800,000
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount			¥ 78,878,089	¥ 69,974,512	¥ 69,974,512

FAIR VALUE MEASUREMENTS (Assets and Liabilities on a Recurring Basis) (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)
Liabilities:
Convertible senior notes \| ¥	¥ 1,098,736,489		¥ 1,831,612,124
Fair Value, Measurements, Recurring [Member]
Liabilities:
Convertible senior notes		$ 1,098,736,489		$ 1,831,612,124
Guarantee liabilities		12,142,387		57,331,674
Derivative liability interest rate swap				12,923,817
Fair Value, Measurements, Recurring [Member] \| Foreign Exchange Forward Contract [Member]
Assets:
Derivative assets		73,532,113		183,146,199
Liabilities:
Guarantee liabilities		12,294,252		4,970,902
Fair Value, Measurements, Recurring [Member] \| Foreign exchange option
Liabilities:
Derivative liability interest rate swap		2,659,203
Fair Value, Measurements, Recurring [Member] \| Call Option [Member]
Assets:
Derivative assets				756,929,181
Fair Value, Measurements, Recurring [Member] \| Level 3
Liabilities:
Convertible senior notes		1,098,736,489		1,831,612,124
Guarantee liabilities		12,142,387		57,331,674
Derivative liability interest rate swap				12,923,817
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Foreign exchange option
Liabilities:
Derivative liability interest rate swap		2,659,203
Fair Value, Measurements, Recurring [Member] \| Level 3 \| Call Option [Member]
Assets:
Derivative assets				756,929,181
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Liabilities:
Convertible senior notes				0
Guarantee liabilities				0
Derivative liability interest rate swap				0
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Foreign Exchange Forward Contract [Member]
Assets:
Derivative assets				0
Liabilities:
Guarantee liabilities				0
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Call Option [Member]
Assets:
Derivative assets				0
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Foreign Exchange Forward Contract [Member]
Assets:
Derivative assets		$ 73,532,113		183,146,199
Liabilities:
Guarantee liabilities				$ 4,970,902

FAIR VALUE MEASUREMENTS (Assets and Liabilities Measured Using Unobservable Inputs) (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Settlement of call options	¥ (621,058,952)	¥ 0
Call Option [Member]
Issuance of convertible senior notes	0	0	¥ 206,577,000
Balance at January 1,	756,929,181	294,177,634	0
Issuance of call options	0	0	206,577,000
Foreign exchange gain/(loss)	250,942	(13,539,000)	2,709,000
Change in fair value of call options	(136,121,171)	476,290,547	84,891,634
Balance at December 31,	0	756,929,181	294,177,634
Convertible Senior Notes [Member]
Balance at January 1,	1,831,612,124	728,215,869	68,632
Issuance of convertible senior notes			585,301,500
Foreign exchange loss/(gain)	(8,559,149)	(38,359,987)	7,675,500
Change in fair value of convertible senior notes	(327,761,941)	1,202,082,070	114,149,092
Change in the instrument-specific credit risk	(56,224,381)	(60,325,828)	21,089,777
Conversion of convertible senior notes	(340,330,164)
Repurchase of convertible senior notes			(68,632)
Balance at December 31,	¥ 1,098,736,489	¥ 1,831,612,124	728,215,869
Issuance of call options			¥ 585,301,500

FAIR VALUE MEASUREMENTS (Changes in fair value of Foreign Exchange Option) (Details) - Foreign exchange option - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at January 1,	¥ (12,923,817)	¥ 0	¥ 846,718
Purchase of foreign exchange options	(8,544,149)	(9,316,000)	0
Cash Settlement		0	(516,012)
Change in fair value of foreign exchange options	18,808,763	(3,607,817)	(330,706)
Balance at December 31,	¥ (2,659,203)	¥ (12,923,817)	¥ 0

FAIR VALUE MEASUREMENTS (Changes in fair value of rate swap derivative) (Details)	12 Months Ended
	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value of interest rate swap	¥ 0	$ 0	¥ 78,878,089	¥ 69,974,512
Interest Rate Swap [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at January 1,			61,271,965	12,786,001
Change in fair value of interest rate swap			78,878,089	69,974,512
Change in fair value of interest rate swap cash flow hedges	12,294,252
Cash settlement			¥ (140,150,054)	(21,488,548)
Balance at December 31,	¥ 12,294,252			¥ 61,271,965

FAIR VALUE MEASUREMENTS (Fair Value Of Rap Cap Derivative) (Details) - Interest Rate Cap [Member] - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at January 1,	¥ 57,331,674	¥ 72,019,365	¥ 92,404,068
Additions			2,164,200
Amortization	(6,364,065)	(14,687,691)	(18,574,433)
Cancellation	(38,825,222)		(3,974,470)
Balance at December 31,	¥ 12,142,387	¥ 57,331,674	¥ 72,019,365

FAIR VALUE MEASUREMENTS (Change in Fair Value of Derivatives) (Details)	12 Months Ended
	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Convertible Senior Notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivatives	¥ 327,761,941		¥ (1,202,082,070)	¥ (114,149,092)
Change in fair value of derivative forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivatives	393,523,468		61,379,585	(126,708,753)
Embedded Derivative Financial Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivatives	(104,643,184)		129,806,218	48,425,227
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivatives	0	$ 0	(78,878,089)	(69,974,512)
Total [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivatives	499,329,817		(617,091,626)	(177,846,202)
Foreign exchange option
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivatives	18,808,763		(3,607,817)	(330,706)
Call Option [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivatives	¥ (136,121,171)		¥ 476,290,547	¥ 84,891,634

FAIR VALUE MEASUREMENTS (Significant Unobservable Inputs) (Details) - Level 3	Dec. 31, 2021 ¥ / shares
Convertible Senior Notes [Member] \| Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	85.94
Convertible Senior Notes [Member] \| Risk free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	0.82
Convertible Senior Notes [Member] \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	28.16
Call Option [Member] \| Spot price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	45.96
Foreign exchange option \| Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	5.96
Foreign exchange option \| Expected volatility \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	3.75
Foreign exchange option \| Risk free interest rate \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	0.06
Foreign exchange option \| Risk free interest rate \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	0.21
Guarantee liabilities \| Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs	5.39

RESTRICTED NET ASSETS (Details)	Dec. 31, 2021 CNY (¥)
RESTRICTED NET ASSETS
Restricted net assets	¥ 15,831,879,360
Percentage of total assets	111.00%

SUBSEQUENT EVENTS (Details) - CNY (¥) ¥ / shares in Units, ¥ in Billions		1 Months Ended		12 Months Ended
	Jan. 26, 2022	May 31, 2019	Feb. 28, 2018	Dec. 31, 2020	Feb. 14, 2022	Dec. 31, 2021	Oct. 31, 2020
Subsequent Event [Line Items]
Common stock offering (in shares)		18,687,500	16,560,000	5,976,272
Number of shares outstanding				187,434,469		190,824,913
Jiangxi Jinko
Subsequent Event [Line Items]
Ownership percentage						58.62%	73.30%
Restricted shares
Subsequent Event [Line Items]
Number of restricted shares issued						318,600
Subsequent Event \| Jiangxi Jinko
Subsequent Event [Line Items]
Ownership percentage	58.62%
Subsequent Event \| IPO \| Jiangxi Jinko
Subsequent Event [Line Items]
Common stock offering (in shares)	2,000,000,000
Percentage of shares issued Under IPO	20.00%
Number of shares outstanding	10,000,000,000
Proceeds from IPO	¥ 10.0
Public offering price	¥ 5.00
Subsequent Event \| Equity Incentive Plan 2022 \| Restricted shares
Subsequent Event [Line Items]
Number of restricted shares issued					12,000,000

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Condensed Statements of Operations) (Details)	12 Months Ended
	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Condensed Financial Statements, Captions [Line Items]
Net revenue	¥ 40,826,521,106	$ 6,406,572,060	¥ 35,129,458,616	¥ 29,746,287,759
Cost of revenues	(34,168,686,106)	(5,361,812,464)	(28,957,798,084)	(24,314,602,138)
Gross profit	6,657,835,000	1,044,759,596	6,171,660,532	5,431,685,621
Total operating income/(expenses)	(5,555,330,005)	(871,752,504)	(4,386,713,170)	(3,702,059,110)
Income/(loss) from operations	1,102,504,995	173,007,092	1,784,947,362	1,729,626,511
Convertible senior notes issuance costs	0	0	0	(18,646,101)
Share of income from subsidiaries and affiliates	59,808,853	9,385,314	(52,705,838)	(48,854,715)
Interest income, net	(624,029,438)	(97,923,836)	(459,233,810)	(391,582,064)
Exchange gain/(loss)	(355,498,839)	(55,785,525)	(336,522,915)	8,808,559
Income before income taxes	1,089,902,804	171,029,533	566,371,892	1,251,186,211
Income tax expenses	(194,140,148)	(30,464,826)	(178,410,780)	(277,979,001)
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	721,017,910	113,143,443	230,384,653	898,662,226
Parent Company [Member] \| Reportable Legal Entities [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenue		0	0	0
Cost of revenues			0	0
Gross profit			0	0
Total operating income/(expenses)	(6,150,177)	(965,097)	1,227,529	474,214
Other income, net	1,737,212	272,606	5,063,775	8,922,475
Income/(loss) from operations	(4,412,965)	(692,491)	6,291,304	9,396,689
Convertible senior notes issuance costs				(18,646,101)
Share of income from subsidiaries and affiliates	512,872,649	80,480,910	1,015,006,438	911,593,940
Interest income, net	36,612,599	5,745,316	8,596,365	8,421,898
Exchange gain/(loss)	(14,083,811)	(2,210,057)	(73,717,931)	17,153,258
Change in fair value of convertible senior notes and call option	191,640,770	30,072,619	(725,791,523)	(29,257,458)
Income before income taxes	722,629,242	113,396,296	230,384,653	898,662,226
Income tax expenses	(1,611,332)	(252,853)
Net income attributable to JinkoSolar Holding Co., Ltd.'s ordinary shareholders	¥ 721,017,910	$ 113,143,443	¥ 230,384,653	¥ 898,662,226

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Condensed Balance Sheets) (Details)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Current assets:
Cash and cash equivalent	¥ 8,321,415,455	$ 1,305,811,671	¥ 7,481,678,114
Due from subsidiaries	29,417,134	4,616,190	410,358,136
Due from related parties			75,930,094	¥ 91,416,575
Other current assets	2,435,056,434	382,113,491	3,020,592,138
Total current assets	45,524,074,227	7,143,720,651	33,682,131,475
Non-current assets:
Call Option	0	0	756,929,181
Other non-current assets	2,739,159,389	429,833,881	1,777,798,867
Total assets	72,983,486,778	11,452,701,688	53,232,374,870
Current liabilities:
Due to subsidiaries	15,863,346	2,489,305	14,113,577
Due to related parties	5,914,353,779	928,091,168	2,451,495,092
Convertible senior notes	0	0	1,831,612,124
Total current liabilities	45,459,468,535	7,133,582,608	31,216,795,621
Convertible senior notes	1,098,736,489	172,415,731
Total liabilities	58,696,234,667	9,210,720,061	40,241,612,887
Shareholders' equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 190,380,309 and 193,770,753 shares issued as of December 31, 2020 and December 31, 2021, respectively, 187,434,469 and 190,824,913 shares outstanding as of December 31, 2020 and December 31, 2021, respectively.)	26,491	4,157	26,052
Additional paid-in capital	5,617,922,528	881,574,636	5,251,244,630
Statutory reserves	700,244,270	109,883,606	692,008,508
Accumulated other comprehensive loss	(154,375,168)	(24,224,833)	(128,615,450)
Treasury stock, at cost; 2,945,840 ordinary shares as of December 31, 2020 and December 31, 2021	(43,169,878)	(6,774,296)	(43,169,878)
Total shareholders' equity	11,049,780,803	1,733,951,732	9,987,844,274
Total liabilities and shareholders' equity	72,983,486,778	11,452,701,688	53,232,374,870
Reportable Legal Entities [Member] \| Parent Company [Member]
Current assets:
Cash and cash equivalent	34,767,102	5,455,717	19,507,224
Due from subsidiaries	2,532,984,389	397,480,524	2,773,032,001
Due from related parties	3,454,360	542,064	6,098,994
Other current assets	1,560,896	244,939	650,764,989
Total current assets	2,572,766,747	403,723,244	3,449,403,208
Non-current assets:
Investments in subsidiaries	9,781,035,595	1,534,857,922	9,029,027,056
Due from subsidiaries - non current	1,262,124,346	198,054,852
Due from related parties - non current	3,291,940	516,577	44,539,659
Call Option			756,929,181
Other non-current assets			11,180,965
Total assets	13,619,218,628	2,137,152,595	13,291,080,069
Current liabilities:
Due to subsidiaries	1,445,183,180	226,780,777	1,445,300,432
Due to related parties	2,500,484	392,380	2,780,831
Other current liabilities	13,375,769	2,098,950	11,396,726
Convertible senior notes			1,831,612,124
Total current liabilities	1,461,059,433	229,272,107	3,291,090,113
Due to related parties - non-current	9,641,903	1,513,025	12,145,682
Convertible senior notes	1,098,736,489	172,415,731
Total liabilities	2,569,437,825	403,200,863	3,303,235,795
Shareholders' equity:
Ordinary shares (USD0.00002 par value, 500,000,000 shares authorized, 190,380,309 and 193,770,753 shares issued as of December 31, 2020 and December 31, 2021, respectively, 187,434,469 and 190,824,913 shares outstanding as of December 31, 2020 and December 31, 2021, respectively.)	26,491	4,157	26,052
Additional paid-in capital	5,617,922,528	881,574,636	5,251,244,630
Statutory reserves	700,244,270	109,883,606	692,008,508
Accumulated other comprehensive loss	(154,375,168)	(24,224,833)	(128,615,450)
Treasury stock, at cost; 2,945,840 ordinary shares as of December 31, 2020 and December 31, 2021	(43,169,878)	(6,774,296)	(43,169,878)
Retained earnings	4,929,132,560	773,488,462	4,216,350,412
Total shareholders' equity	11,049,780,803	1,733,951,732	9,987,844,274
Total liabilities and shareholders' equity	¥ 13,619,218,628	$ 2,137,152,595	¥ 13,291,080,069

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Condensed Balance Sheets - Parenthetical) (Details) - $ / shares	Dec. 31, 2021	Dec. 31, 2020	May 31, 2019	Feb. 28, 2018
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value	$ 0.00002	$ 0.00002	$ 0.00002	$ 0.00002
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	193,770,753	190,380,309
Ordinary shares, shares outstanding	190,824,913	187,434,469
Treasury stock at cost, shares	2,945,840	2,945,840
Parent Company [Member] \| Reportable Legal Entities [Member]
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value	$ 0.00002	$ 0.00002
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	193,770,753	190,380,309
Ordinary shares, shares outstanding	190,824,913	187,434,469
Treasury stock at cost, shares	2,945,840	2,945,840

ADDITIONAL INFORMATION-CONDENSED FINANCIAL STATEMENTS OF THE PARENT COMPANY (Condensed Cash Flows) (Details)	12 Months Ended
	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Cash flows from operating activities:
Net income	¥ 955,571,509	$ 149,950,021	¥ 335,255,274	¥ 924,352,495
Adjustments to reconcile net income to net cash used in operating activities:
Issuance cost paid for issuance of convertible senior notes	0	0	0	18,646,101
Share of income from subsidiaries	(59,808,853)	(9,385,314)	52,705,838	48,854,715
Exchange (gain)/loss	355,498,839	55,785,525	336,522,915	(8,808,559)
Changes in operating assets and liabilities:
(Increase)/decrease in other current assets	(208,125,020)	(32,659,357)	(1,112,028,646)	57,559,179
Decrease in other non-current assets	(104,026,969)	(16,324,101)	0	(48,230,439)
Net cash provided by operating activities	430,646,256	67,577,792	591,486,340	1,410,642,923
Cash flows from investing activities:
Net cash used in investing activities	(11,309,232,700)	(1,774,665,393)	(4,918,689,701)	(6,025,288,715)
Cash flows from financing activities:
Proceeds from exercise of share options	10,185,136	1,598,270	114,758,281	38,245,122
Repurchase of convertible senior notes				(68,632)
Issuance cost paid for issuance of convertible senior notes				(18,646,101)
Net cash used in financing activities	12,017,851,025	1,885,863,074	6,297,278,555	7,381,818,013
Effect of foreign exchange rate changes on cash and cash equivalents	(116,789,917)	(18,326,886)	(169,261,838)	24,758,635
Net increase in cash and cash equivalents	1,022,474,664	160,448,587	1,800,813,356	2,791,930,856
Cash, cash equivalents, and restricted cash, beginning of the year	8,074,771,785	1,267,107,897	6,273,958,429	3,482,027,573
Cash, cash equivalents, and restricted cash, end of the year (Note 2(d))	9,097,246,449	1,427,556,484	8,074,771,785	6,273,958,429
Supplemental disclosure of non-cash investing and financing cash flow information
Proceeds from exercise of share options received in subsequent period	1,169,427	183,509	9,142,819	40,338,943
Receivables related to At-The-Market offering			641,065,394
Reportable Legal Entities [Member] \| Parent Company [Member]
Cash flows from operating activities:
Net income	721,017,910	113,143,443	230,384,653	898,662,226
Adjustments to reconcile net income to net cash used in operating activities:
Issuance cost paid for issuance of convertible senior notes				18,646,101
Share of income from subsidiaries	(512,872,649)	(80,480,910)	(1,015,006,438)	(911,593,940)
Guarantee income			(5,063,775)	(8,922,475)
Exchange (gain)/loss	14,083,811	2,210,057	73,717,931	(17,153,258)
Changes in operating assets and liabilities:
(Increase)/decrease in due from subsidiaries	6,088,026	955,346	592,424,888	(871,067,726)
(Increase)/decrease in other current assets	165,307	25,940	(9,437,209)	(110,110)
Decrease in other non-current assets	11,180,965	1,754,537
Decrease in due to subsidiaries	(117,252)	(18,399)	(658,106,245)	(14,890,886)
Increase in other current liabilities	1,979,043	310,555	9,772,273	1,096,958
Net cash provided by operating activities	49,884,391	7,827,950	(55,522,399)	(876,075,652)
Cash flows from investing activities:
Cash paid for call option				(216,905,850)
Cash paid for loans to subsidiaries	(1,262,124,346)	(198,054,852)
Net cash used in investing activities	(1,262,124,346)	(198,054,852)		(216,905,850)
Cash flows from financing activities:
Proceeds from exercise of share options	10,185,136	1,598,270	114,758,281	38,245,122
Repurchase of convertible senior notes	621,058,952	97,457,702		(68,632)
Proceeds from issuance of convertible senior notes				585,301,500
Proceeds from issuance of ordinary shares	(641,065,394)	(100,597,150)		(488,950,795)
Repurchase of shares			(29,294,325)
Issuance cost paid for issuance of convertible senior notes				(18,646,101)
Net cash used in financing activities	1,272,309,482	199,653,122	85,463,956	1,093,782,684
Effect of foreign exchange rate changes on cash and cash equivalents	(44,809,649)	(7,031,612)	(14,991,165)	245,789
Net increase in cash and cash equivalents	15,259,878	2,394,608	14,950,392	1,046,971
Cash, cash equivalents, and restricted cash, beginning of the year	19,507,224	3,061,109	4,556,832	3,509,861
Cash, cash equivalents, and restricted cash, end of the year (Note 2(d))	34,767,102	5,455,717	19,507,224	4,556,832
Supplemental disclosure of non-cash investing and financing cash flow information
Proceeds from exercise of share options received in subsequent period	1,169,427	183,509	9,142,819	40,338,943
Receivables related to At-The-Market offering			641,065,394
Reportable Legal Entities [Member] \| Parent Company [Member] \| Capped Call Options [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Change in fair value	136,121,171	21,360,382	(476,290,547)	(84,891,634)
Reportable Legal Entities [Member] \| Parent Company [Member] \| 2016 Notes [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Issuance cost paid for issuance of convertible senior notes				18,646,101
Change in fair value	¥ (327,761,941)	$ (51,433,001)	¥ 1,202,082,070	¥ 114,149,092