JA Solar reports strong results in tough times

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  • JA Solar said that its operating revenue rose 11.74% year on year to CNY 81.556 billion in 2023, while its net profit attributable to shareholders jumped 27.21% to CNY 7.039 billion. 
  • EPS at 2.14 yuan per share, up by 25.15%, net profit margin at 8.82% (up by 1.23 percentage points), and gross margin at18.13% (up by 3.35 percentage points).
  • With a weighted average ROA of 22.52%, their profitability remains industry-leading.

As of Q1 2024, JA Solar has achieved a cumulative shipment of 201GW with a massive 57GW in 2023. Their  production capacities across silicon wafers, cells, and modules are set to surpass 100GW each in 2024. With a projected shipment target of 85-95GW in 2024, its scale manufacturing advantage will further solidify.

Link to a more detailed snapshot of JA Solar’s financial results HERE 

Author: Bryan Groenendaal


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