San Diego, Sept. 23, 2011 (Shareholders Foundation) -- An investigation on behalf of investors in shares of JinkoSolar Holding Co., Ltd. (NYSE: JKS) over possible Violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of JinkoSolar Holding Co., Ltd. (Public, NYSE:JKS) concerning whether the company and certain of its officers and directors have violated federal securities laws. Specifically the investigation concerns certain statements regarding JinkoSolar Holding business, its prospects and its operations were materially false and misleading at the time they were made.

JinkoSolar Holding Co., Ltd. reported an enormous increase in its 12months Total Revenue and Net Income over the past four filing periods. JinkoSolar Holding reported that its annual Revenue rose from $709.15million in 2007 to $4.65billion in 2010 and its Net Income increased from $76.05million in 2007 to $881.87million in 2010. In addition JinkoSolar Holding Co., Ltd. reported that its second quarter Revenue in 2011 rose to $2.26billion from $900.62million one year earlier and that its second quarter Net Income rose from 4180.65million last year to $235.26million this year.

Shares of JinkoSolar Holding Co., Ltd. (Public, NYSE:JKS) grew from roughly $9 per share in May 2010 to as high as almost $36 per share in November 2010. During the first half of 2011 JKS reached almost $30 and were able to trade over $20 per share.

However, since July 2011 NYSE: JKS shares fell to as low as $5.43 per share on September 22, 2011 after JinkoSolar Holding Co., Ltd. (NYSE: JKS) on September 19, 2011 announced that recent reports indicate that Zhejiang Jinko Co., Ltd. , a subsidiary of JinkoSolar Holding Co, discharged a small amount of solid waste containing fluoride into a nearby brook and that Zhejiang Jinko Co., Ltd. has temporarily suspended production at its facility in Haining until the impact of any possible environmental damage has been assessed and remedied. JinkoSolar Holding Co., Ltd also said that an initial investigation conducted by the local environmental protection authority indicated that the issue may have been caused by the companys transitory storage of waste as it sought a new waste management contactor to comply with the environmental authoritys latest policy.

NYSE: JKS stocks closed on September 23, 2010 at $6.05 per share.